Real Estate Blog

An estate in one Aspen family for 70 years now searches for new ownership.

The 12-acre contemporary at 700 Nell Erickson Road is on the market for $17.95 million after Paula Zurcher, 90, decided to sell.

Zurcher is the daughter of Walter and Elizabeth Paepcke, who together in 1946 contributed to the development of downtown Aspen by founding The Aspen Skiing Company and created The Aspen Institute — now an international nonprofit think tank — three years later.

The Paepcke’s business endeavors in Aspen spawned after the family found the 400-acre gem 10 minutes from downtown during a mountain hike. The land was pared down as time wore on, starting when Walter died in 1960. When Elizabeth passed in 1994, the property was subdivided by her heirs.

What remains are four developed lots nestled in 51 common acres with caretakers for the entire ranch.

“I chose the lot so that it was far removed from the road,” Zurcher said during an interview with James Tarmy of Bloomberg. “I didn’t want t..

Year after year this decade, construction cranes and work crews in metro Denver have gotten only busier. But activity may finally take a breather, according to a forecast from a leading cost estimation firm.

“Denver has been one the hottest markets across the country since 2013 and 2014,” said Dan Pomfrett, a regional director with Cumming. “We expect this (slowdown) to be more of a market catching up with itself than a recession.”

Cumming predicts that construction spending in metro Denver will drop about 8 percent this year, led by an 11.5 percent decline in residential construction activity. In dollar terms, construction spending in metro Denver will drop from a high of $20.6 billion last year to $18.95 billion this year.

Denver development map

See where residential development is happening in Denver with this interactive map that shows permits for apartments, condos and mixed-use developments, as well as other housing types, from 2016 to 2019. Where is Denver residential develo..

The Crossing retail center in Elk Grove may not have the sexiest stores. But those stores’ performance, and the overall state of the center, made it a good investment for a Bay Area firm, according to a broker on the deal.

Trader Joe’s has confirmed to the Business Journal that it is pursuing a store in Boston’s Fort Point neighborhood. If the store is developed, it would be the Seaport District’s first full-service grocery.

The Business Journal first reported in February that the popular California-based grocery chain could come to the Thomson Place retail corridor, a collection of brick-and-beam properties that serves as a bridge between the city’s historic Fort Point neighborhood and the glittering new…

If you've been thinking about nominating your commercial real estate project, deal, developer or dealmaker for the 2018 Structures Awards, now's the time to take action. The deadline for nominations is June 7.

The program will recognize the the best in Central Florida real estate.

To be nominated, the deal or project must have been announced, transaction completed or construction started between June 2018 and June 2019, and it must be in Central Florida (Orange, Osceola, Seminole or Lake counties).…

The JEA Board of Directors has voted unanimously to build its new headquarters at 325 W. Adams St., the site proposed by a team led by Ryan Cos.

The site, near the Duval County Courthouse, scored highest on a series of criteria graded by a team that included experts from CBRE, Edwards Cohen and JEA. The dozens of criteria included how close the site was to amenities, whether it was in a flood zone and whether the building would be LEED certified.

Two other properties were proposed, one by a team…

Adaptive reuse of historic buildings is the specialty of Denver-based Urban Villages, which paid a total of $32.9 million for the buildings, starting in 2010. It was the Pioneer Square historic district that brought Urban Villages to town for its first Seattle project, and it was the block's unique alley network that captured their attention.

Alexander & Baldwin has named Brett A. Brown, an executive with extensive financial experience with real estate investment trusts, to serve as executive vice president and chief financial officer.

Brown, most recently CFO and treasurer of PREP Property Group of Cincinnati and Park City, Utah, begins his new role on May 8, Alexander & Baldwin (NYSE: ALEX) said Tuesday.

Prior to joining PREP Property Group last year, Brown was executive vice president, CFO and treasurer at IRC Retail Centers/Inland…

“We are excited to invest alongside our partners in Nashville, one of the most vibrant hotel markets in America with diverse and rapidly growing demand drivers,” says billionaire backer of the two-tower development.

Recent court cases, legislature movement and emphasis from Governor Ron DeSantis gives medical marijuana specialist Sally Kent Peebles reason to be bullish on Florida's 'Green Rush.'