ASPEN, COLORADO: The new owners of one of Aspen’s most high-profile penthouses have a connection to a company that dealt with loads of media scrutiny in the 2012 presidential election. Paul Edgerley is a managing director of Bain Capital, the Boston private-equity firm that was founded by Mitt Romney and two other partners in 1984. Public records list Edgerley and his wife, Sandra, as the Continue Reading

Snowmass Village, Colorado: Erik Cavarra has just closed a remodeled Country Club Townhome.  This Townhome was only on the Market for 3 days, and with (3) Offers, Cavarra's Buyer purchased the home with a Cash Closing in less than 30 days.  A great location with easy access to the Snowmass Club, town of Snowmass Shuttle Service, makes this Townhome a premier Unit within the Continue Reading

Snowmass Village, Colorado:  Erik Cavarra has just closed a fabulous view Lot in in Wildoak of Snowmass Village. Property Type: RES Vacant Land Address: Tbd Oak Ridge Road Snowmass Village, CO 81615 Status: Closed Asking Price: $2,495,000 List Number: 120783 Type: Single Family Lot Sub-Type: N/A Area: 02-Snowmass Continue Reading

World Market: Today, Erik Cavarra highlights a article from China's Real Estate Market.  Concerns over unsold properties have spurred fears over whether China's real estate market is a ready-to-burst bubble, but the mainland's "ghost towns" may not be all that empty. "They're not big, huge empty cities," Tom Rafferty, China analyst at The Economist Intelligence Unit, said, adding some large-scale Continue Reading

Developer considering changes to Base Village PUD SNOWMASS VILLAGE — The developers of Base Village in Snowmass may seek to change the use of the second phase-building of the Viceroy, which was approved as a condo hotel. Snowmass Village planners are reviewing plans for a proposed seven-story, 86,000-square-foot building that includes 67 residences just uphill from the existing Viceroy Continue Reading

Snowmass Village, Colorado: A Single Family Lot, listed in the Fox Run Subdivision near Two Creeks, was listed on Friday AM, and by that afternoon, multiple offers had materialized. A strengthening market, or a low priced Listing? In today's marketplace, a common practice with Listing Bank Owned Properties, Brokers will induce/entice Buyers by offering properties for significant discounts Continue Reading

Aspen, Colorado:  Today, Erik Cavarra features a story on the The Hyatt Grand Aspen, one of the town’s largest time-share developments, is getting a new owner as part of a $190 million real estate deal. Miami-based Interval Leisure Group (ILG) and Hyatt Hotels Corp. announced Wednesday that they have reached an agreement in which Hyatt will sell its residential group of holdings. The Aspen Continue Reading

US News on Housing: For most of 2013, it looked as if a robust housing recovery was underway. Since housing is a huge part of the overall economy, that bred hope for stronger growth in 2014, along with the hiring and spending that ought to come with it. But housing has the blahs in 2014, prompting concern that the 2013 spurt may have been a false spring driven by temporary factors or a Continue Reading

Aspen, Colorado: Today, Erik Cavarra highlights some of the larger Hotel Acquisitions within the last several years within the Aspen Core. It is rumored that the Sky Hotel is looking to be redeveloped with surrounding condo acquisitions likely Sardy House: Closed for $16.25m in 2006 Hotel Jerome: Closed note sale for $27m in 2010 Limelight Hotel: Closed for around $36m +/- St. Continue Reading

April, 2014 Erik Cavarra Closes a Bulk Transaction within the Shadowrock Townhomes of Basalt, Colorado. The Bulk Sale included (5) Units located on Overlook Ridge within the Development.  Units 201, 203, 205, 207 & 209. Price: $2,175,653.33 These Units were originally built in 2010, and upon a foreclosure, Dave Forenza lost the project in 2012.  Erik Cavarra's clients purchased the Continue Reading