Caribou Ranch, Where Elton John, Chicago and Others Recorded Albums, Sells for More than $32 Million

By Music News Group

Island/Universal MusicCaribou Ranch, the site of a famed recording studio near Denver where Elton John, Chicago and many other pop and rock artists recorded and mixed their music, was recently sold for $32.5 million. The Denver Post reports that the 1,600-acre property was purchased by a company called Indian Peaks Holdings LLC from music producer Jim Guercio and his family.

Guercio, who managed Chicago and produced most of the band’s early albums, purchased the ranch, which originally included 4,000 acres, in 1971. His idea was to create a secluded mountain retreat offering state-of-the-art …read more