2023 is off to a cold start but the real estate market is hot. Whether you need a commercial building or association managed, your looking for an investment opportunity, or for a space to start or expand your business, our team of experts will be here for you every step of the way.

2022 was a busy year for our team. During the year, the management team had several current clients expand their portfolios by a total of 7 properties and three owners sold their properties. We were able to retain management of the assets for the new owners. In addition to that, we welcomed 6 new commercial property owners and 4 new Associations. 

Olive brokers closed over $150 Million in sale and lease transactions representing over 1,480,000 SF of commercial property and 75 acres of land.

Some of the companies Olive sold or leased to in 2022 include:

Retail: Sportsman's Warehouse, Sasquatch Cookies, Awi Sushi, Humana Real Estate

Office: Gray Media Group (KKTV), UC Health, All Native Shared Services Company

Industrial: Distillery 291, Art of the Spirits Whiskey, Liberty Doors and Windows

Colorado Springs is booming with new developments and growth and Olive is pleased to be a part of the growth. Here's a rundown on some of the new developments around town.

New medical buildings off Interquest including a 65,000 SF medical office building and a Centura Hospital that are nearing completion. Additionally, an emergency vet clinic just began construction at the corner Voyager Pkwy and Federal Dr. Paul Rubley is a development partner on the vet clinic and the Interquest Medical office Building.

More retail developments off Interquest Pkwy. Upcoming tenants include Shake Shack, Awi Sushi, Capriotti's, H Mart, and more. Alex Winsor represented Awi Sushi in the lease deal at Interquest Marketplace. Read more

Dave & Buster's plans to build a 20,577 SF venue at Highlands at Briargate. Read More

The Downtown Dual Brand Marriott Hotel opened in 2022 and another Marriott hotel is under construction by the Colorado Springs Airport. Jim DiBiase is the developer of both hotels.

The Sunset, an 8,000 seat outdoor amphitheater, will start construction soon. The $40 million project is expected to bring in $100 million a year and create 500 new jobs. Olive manages the Northgate Business Owner's Association, which is the master association in Northgate where The Sunset will be built. Read more

The Chamber & EDC closed 10 economic development projects in 2022, attracting $746.7 million in capital investment and creating over 2,060 jobs. Read more

Apartments galore! In 2022, there was over 9,500 apartment units under construction in the Colorado Springs market. Read more

Our very own Dave Hewett wrote a five part series for the Colorado Real Estate Journal regarding leadership. He discusses the qualities and skills needed to be successful as a property manager and the five areas that each work together in a synergistic way to make you successful. Check out the first two articles in the series on our website.

Do you have a property that you would like to sell or lease? Do you have a property that you need professionally managed or would like to find out how to make your building more sustainable? We have a team of experts ready to help, so call us today. 719-598-3000

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