SkiCo looking to build a Limelight hotel in Snowmass

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Snowmass Village, Colorado:  Today, Erik Cavarra discusses the new Snowmass Hotel. Questions: In one note, you have to give credit to Schuster and the Aspen Skiing Company for wanting to move forward and complete the project they once started within Base Village, but the question is, why would the Town allow a new Hotel and not require the Ski Co or Related to contribute to the infastructure of Continue Reading

Wildcat property, outside of Snowmass Village property sells for $44 million

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Aspen/Snowmass Village: Colorado Today, Erik Cavarra features the Sale of the most expensive Home Sale in the Area since Mandalay Ranch: One of the prime properties in the Wildcat Ranch subdivision sold for $44 million Thursday, making it the largest sale in the Aspen-area real estate market since Peter Guber’s Mandalay Ranch sold for $46 million in February 2004. The property, Continue Reading

Forecasters, almanacs call for above-normal snow year

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Erik Cavarra: Aspen & Snowmass Village, Colorado With snow falling at the top of Independence Pass and other mountain peaks Wednesday night, visions of the upcoming winter and the amount of powder that will make or break it are starting to dance in the heads of local skiers and snowboarders. Ryan Boudreau, a forecaster with AspenWeather.net, said the 2013-14 ski season in the Aspen area Continue Reading

Erik Cavarra features the $50 million price cut for Copper Beech Farm — and it’s still the nation’s most expensive home

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Owned by timber mogul John Rudey for 31 years, the property is stocked with a 12-bedroom mansion, a whopping 4,000—yes, four thousand—feet of water frontage, and not one, but two offshore islands. Rudey originally told the Wall Street Journal that he was selling the spread because his kids had grown, but that may have been only half of the truth. According to a followup piece in the New York Continue Reading

Denver’s Brown Palace for sale: Erik Cavarra

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DENVER (DENVER BUSINESS JOURNAL) - Erik Cavarra previews the Hotel Market in Denver, Colorado. Denver's historic Brown Palace Hotel & Spa is for sale for only the fourth time in its 121-year history. "The market out there for hotels is good," said Marcel Pitton, Brown Palace managing director. The group of investors, listed in assessor records as Brown Palace Joint Venture, has owned what's Continue Reading

Real Estate Sales are Up a Bit:

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Aspen & Snowmass Village, Colorado:  Erik Cavarra has closed over $10m in the month of September.  We are pacing for an increase in dollar revenue volume as well as number of transactions. Many involved in the local real estate industry viewed sales in the first half of 2013, both commercial and residential, as modest. However, since early July, activity has been on the rise in both Continue Reading

Snowmass exempts basements from max floor area for homes

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Snowmass Village, Colorado:  Floor Area Ratios   Contractors can get back to work on homes in Snowmass Village after the passage Monday of an ordinance amending the town’s land-use code. The biggest change approved by the Town Council was adding a partial exemption for basements or subgrade levels from the calculation of allowable floor area in single-family homes. A working group Continue Reading

Erik Cavarra has just closed a fabulous Home with Red Mountain Ranch: Aspen, Colorado

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Aspen, Colorado: Today, Erik Cavarra, Managing Broker for Alpine Property Real Estate has just closed a fabulous home within Red Mountain Ranch. This Luxury Home boasts fabulous views of the area and is located within one of Aspen's most prestigous neighborhoods. This marks the 19th sale this year for Cavarra pushing the status of Aspen & Snowmass's strongest Continue Reading

Erik Cavarra

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