In all, the assessor put the value of property in Base Village, as of mid-2010, at $282 million. An entity controlled by Related, Related WestPac, bought the project from Aspen Skiing Co. and Intrawest in 2007 for $169 million. At the time, Related forecast $1.3 billion in gross revenue… Read More
Dow Closes Above 13,000, First Time Since Crisis, DP
The Dow started with its best January since 1997 and has added to that gain. The index is up 6.5 percent for the young year. Other averages have fared even better: The Standard & Poor’s 500 is up 9 percent, the Russell 2000 index of smaller stocks is up… Read More
Dancing Bear Fractional Project Sold for $27.5MM By German Bank, ABJ
During the construction of the Dancing Bear’s second phase, located across the street from phase one at the site of the former Charthouse restaurant, financing dried up and movement on the partially built project ground to a halt. ASPEN REAL ESTATE – Dancing Bear, the luxury fractional project,… Read More
Auction Planned for Fox Crossing Spec Homes in Aspen, ADN
Fox Crossing includes 20 homesites, 11 of which have been developed. Obtaining financing to build on the remaining lots has been challenging due to banks’ stricter lending standards, particularly in regard to spec homes. The homes, one at 5,677 square feet and another at 5,078 square feet, were once listed… Read More
The Estin Report Aspen Snowmass Weekly Real Estate Sales and Statistics: Closed (3) and Under Contract (6): Feb 19 – 26, 12 – Two bank sales.
Scroll down page for prior week’s market activity. If you like this site, please click the “Like” button above. THE ESTIN REPORT: STATE OF THE ASPEN REAL ESTATE MARKET 2011 YEAR AND 4TH QUARTER released Jan… Read More
Developers Lobby Pitkin County to Partner on Downtown Basalt Project, ADN
BASALT REAL ESTATE – Developers aiming to transform Basalt’s flood-prone Pan and Fork Mobile Home Park into a commercial and nonprofit campus are looking to bring Pitkin County on board as a partner. Representatives from the Roaring Fork Community Development Corporation (CDC) met with the county commissioners last week. Read More
Snowmass Council Passes Noise Regs for Westin Construction, ADN
The Silvertree Hotel and Wildwood Lodge will close April 1 and reopen under the Westin brand on Nov. 15, said David Wasserman, principal of the ownership group that bought the Silvertree, the Wildwood and the Snowmass Conference Center for $42 million in June. SNOWMASS… Read More
Conflict to Affect Review of Basalt Pan and Fork Mobile Park Project, AT
Basalt doesn’t have any ethics provision in its Home Rule Charter that addresses an elected official accepting a job for a project in advance of that project coming before the council. Sam Mamet, executive director of the Colorado Municipal League, an association for the state’s… Read More
Two Large Aspen Real Estate Firms Announce Merger
This morning all those in the Aspen real estate community woke up to a changed world: Morris and Frywald Sotheby;s International announced their merger with Chafin Light Real Estate, two of the largest brokerage firms in the Roaring Fork Valley. ASPEN REAL ESTATE – “The merger of two… Read More
Aspen City Council Discuss Limits on Downtown Bldg Scale and Mass, ADN
Mayor Mick Ireland’s solution is to limit structures containing free market residential to 28 feet. Buildings could go higher if they contained some combination of commercial, service businesses, affordable housing and tourist lodging, under the mayor’s proposal. Councilman Torre joined Skadron and Ireland in calling for lower building height limits. Read More
Team and Network
In fall 2013, Tim moved to Aspen Snowmass Sotheby’s from Coldwell Banker Previews International where he was a top 1% broker worldwide for outstanding performance. This section will be updated soon with Tim’s new Sotheby’s team. Please… Read More