Apartment owner criticized as notorious slumlord sells his Colorado Springs properties

Terry Ragan, the longtime Colorado Springs apartment owner whom public officials have labeled a slumlord because of health, safety and building code violations at his properties, has sold his remaining seven apartment complexes to a Denver buyer. Slipstream Properties, an apartment development company, has paid $102.25 million to acquire Ragan’s properties, according to Nexus Commercial […]

Colorado Springs real estate firm pays $33 million for Denver apartment complex

Colorado Springs real estate firm Griffis/Blessing Inc., which specializes in the acquisition and management of apartment properties in Colorado, has made another major investment in Denver’s hot multi-family market. The company paid $33.4 million Tuesday to purchase the 252-unit Glenbrook apartments on Denver’s southeast side. The acquisition fits Griffis/Blessing’s longtime strategy of buying and improving […]