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Bella Springs Apartments sold for $48.5 million

Bella Springs Apartments sold for $48.5 million

The Praedium Group, a New York City-based national real estate investment firm, acquired Bella Springs Apartments in Colorado Springs for $48.5 million, it announced Wednesday. Praedium purchased the 364-unit, high-quality, garden-style complex through its newest investment vehicle. The multifamily property, located at 1050 Milano Point, was acquired from Griffis/Blessing, Inc. “This is an exciting opportunity… Continue Reading Bella Springs Apartments sold for $48.5 million

Griffis/Blessing is expanding its portfolio of apartment properties. The local multi-family real estate services company that owns some properties but manages many more, recently purchased the 156-unit Bonterra Lakeside Apartments at 890 Quail Lake Cir. on the southwest side of town. “One of our focuses this year has been to look for more opportunities to… Continue Reading Real estate company buys southwest apartment complex

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Buck Blessing is CEO of Griffis Blessing real estate company, which manages office and residential properties. The business has grown to become one of the largest local employers. Blessing took some time recently to talk to the CSBJ. How did Griffis/Blessing get its start? Ian Griffis and I started the company in 1985 during our senior… Continue Reading Blessing’s business among city’s prominent employers

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