Aspen’s first Gold LEED-certified home sold Friday at an auction that attracted 10 bidders. ASPEN REAL ESTATE – The 6,750 square foot home has 6 bedrooms and 6 combustion fireplaces on 2.33 acres in the W/J Subdivision on McLain Flats. The home features sliding glass doors that can be moved… Read More
Pitkin County Property Taxes are Out – and Up, ADN
PITKIN COUNTY AND ASPEN REAL ESTATE – The values of area homes used for the current round of taxation, by state law, were determined in 2009 based on market conditions from 2008 (property valuations are recalculated every two years). That pre-recession pricing has led to two years of consternation… Read More
Willits Developer Takes Risk by Reopening Town of Basalt Review, AT
Developer Michael Lipkin has previously reopened the approval process at Willits — and it appears he got burned. He is a part of a different group that owned the commercial core of Willits, known as the Willits Town Center. The group had approvals to construct several buildings, including one for… Read More
The Estin Report January Doldrums Before Spring Prime-time: Aspen Snowmass Real Estate Weekly Sales and Statistics: Jan. 23 – 30, 11
Aspen broker Tim Estin’s blog, AspenRealEstateBlog.com, is released Monday mornings and sometimes in-between. The Estin Reports are released quarterly, annually and also special reports. For blog archives, scroll down to bottom of this page and search by date or topic; for Aspen Real Estate… Read More
Nonprofit Signs Contract tp Buy Basalt Trailer Park, AT
Plan would convert Pan & Fork into campus for nonprofit groups…The proposed purchase helps accomplish numerous town goals, according to Bill Kane, Basalt Town Manager. First, it removes the residents from the floodway, the area most susceptible to a major flood. Second, it removes the residents in a socially-responsible way. Read More
Dow Crosses 12,000: 1st Time Since June 2008, WSJ
The Dow Jones Industrial Average jumped above 12000 for the first time in almost three years as investors cheered resurgent home sales, a wave of corporate earnings and President Barack Obama’s call for corporate tax cuts and a spending freeze.The Dow gained 38 points to 12015 in midmorning trading,… Read More
Saving the Given Institute Now a $10M Proposal, ADN
The University of Colorado School of Medicine has operated the Given since 1973, when the West End conference center first opened. The facility was designed by architect Harry Weese and built with philanthropic funds on land sold to the university by Elizabeth Paepcke for half of its value. The Given… Read More
Aspen Council Opens Door for Given Institute Compromise, AT
Developer says it will sell second lot for $5.5 million…the developer is seeking numerous concessions from the city including the granting of three transferable development rights (TDRs) on each residential lot, authorization to build duplexes on each lot instead of single-family homes, and the waiver of hundreds of thousands of… Read More
Alpine Bank posts $48 Million Loss in 2010, AT
President says bank wrote off bad loans to speed recovery…Jammaron said despite the $48 million loss, Alpine Bank remains healthy and committed to the 37 cities and towns it serves in western Colorado. The bank has $1.58 billion in loans. It has $109.52 million in non-performing loans, generally considered 90… Read More
The Estin Report – One Buyer’s Reality Defies Laws of Averaging: Aspen Snowmass Real Estate Weekly Sales and Statistics: Jan. 16 – 23, 11
Aspen broker Tim Estin’s blog, AspenRealEstateBlog.com, is released Monday mornings and sometimes in-between. The Estin Reports are released quarterly, annually and also special reports. For blog archives, scroll down to bottom of this page and search by date or topic; for Aspen Real Estate… Read More
Construction Values Down in 2010 While Activity Picked Up, ADN
ASPEN REAL ESTATE – The building and construction industry in Aspen continued to take a hit in 2010, with total dollars spent on development continuing to fall, but the number of projects actually increased. However, the average job is smaller than it used to be.The City of Aspen processed… Read More
Pitkin County Open Space Adopts Land Exchange Policy, AT
Long-awaited document spurred by proposed Leslie Wexner land trade ASPEN REAL ESTATE — A long-discussed land exchange policy won unanimous approval Thursday from the Pitkin County Open Space and Trails board of trustees after more than six months of debate and multiple rewrites of the document.The policy will guide the… Read More