ASPEN—The building currently housing the Gap sold on Thursday for $13.25 million to Chicago real estate developer Mark Hunt, one of the partners in the Hotel Jerome who also bought the Mill Street Mall building that now houses the Above the Salt restaurant. If a redevelopment proposal receives final approval in December, Hunt plans to demolish the one-story, 11,000-square-foot building at Galena Continue Reading
Archives for October 2012
Aspen Valley Ranch
The largest ranch in the Roaring Fork Valley is owned by a Bahrain-based investment company that recently filed for Chapter 11 bankruptcy in New York City, InsideRealEstateNews has learned. The 813-acres Aspen Valley Ranch, currently on the market for $52 million, is the closet ranch to Aspen and is one of the assets in the bankruptcy reorganization of Arcapita Investment Holdings Ltd., which Continue Reading
Iron Bridge Golf Course: At Auction
GLENWOOD SPRINGS — In less than a month, the Iron Bridge golf subdivision is expected to be turned over to a new owner, or several new owners, depending on results of an auction being conducted by a Chicago-based auction house. Sheldon Good & Co., the auction house, has set a deadline of Nov. 14 for sealed bids on all or part of the Iron Bridge project, which is between Glenwood Springs and Continue Reading
Pace of foreclosure filings slows in Roaring Fork Valley
ASPEN — The number of foreclosure filings reversed course in the Roaring Fork Valley in the third quarter of this year. Filings during the first half of the year looked like they were going to eclipse the record pace of the first half of 2011. That led to speculation that lenders were finally getting around to lowering the boom on beleaguered homeowners who struggled through the recession to hold Continue Reading
Aspen lodge, townhouses proposal receives a lukewarm reception
ASPEN — The revised South Aspen Street lodge and townhome proposal is long on free-market components and short on hotel rooms, some Aspen City Council members said during Monday's regular meeting. In addition, some Juan Street neighbors expressed disdain for the latest plans, saying that a planned wall would be an out-of-character and divisive presence on the southwestern edge of downtown. They Continue Reading
Pitkin County Property Values are still in decline:
ASPEN — Pitkin County property values are still in decline. That, at least, is what some individual property owners are likely to see when they receive a notice of valuation in the mail in May. While the county Assessor's Office has only begun to analyze the data — namely property sales that occurred over an 18-month to two-year period ending June 30 — the county is tentatively bracing for a 15 Continue Reading
Real Estate Deals Up in September
Real estate deals up in September and filling city coffers by Dorothy Atkins, Aspen Daily News Staff Writer Thursday, October 18, 2012 September so far has been the biggest month in 2012 for Aspen real estate sales and that is translating into a better year than expected for tax revenues that fund the Wheeler Opera House and the affordable housing program. Last month, there was over $56 Continue Reading
Base Village: Snowmass Village: So now what?
Related Cos. closed Sept. 26 on a $90 million transaction to acquire the assets of Base Village from the group of four European banks that was holding it. The deal settles all lawsuits between Related and the banks and transfers the titles of the Viceroy Snowmass, retail units, unsold Capitol Peak and Hayden Lodge condo units, the Arrival Center, parking garage, and other land parcels to Continue Reading
Erik Cavarra: Just Sold
Erik Cavarra has just sold a Snowmass Residence Club Unit 112 for $112,000, and a Residence Club Unit 124 for $115,000. Erik Cavarra is one of the Leading Brokers within the Aspen and Snowmass community. Under Contract: Mountain Sage Development in Carbondale: $2.3m Continue Reading
Snowmass Village Real Estate Market
SNOWMASS VILLAGE — The real estate market in Snowmass Village is progressing a little more slowly than Aspen's, according to a presentation by broker associate Andrew Ernemann, of BJ Adams and Co., on Aug. 9. Ernemann added in an interview on Aug. 10 that he believes the Snowmass Village market is in a year of re-establishment, as it follows Aspen into a more stable environment. The presentation Continue Reading
