Banning Lewis gets first resident today

In a precursor of things to come, Banning Lewis Ranch’s first residents will move into their Northtree home today. Recently married, former Fort Collins residents Lucas and Veronica Fenske greeted development and city representatives at a press conference today before moving into their new home. The move-in follows six years of planning and preparation for […]

Commissioners approve developer park fees

The El Paso County Board of Commissioners has approved the 2008 Regional and Urban Park Fees that are paid by developers per housing unit to in turn fund regional and urban parks. The fees for neighborhood parks are $105, for community parks $161 and for Regional parks $422. The Board approves these fees each year […]

Commercial real estate investment tops $24 billion

Construction, operation and maintenance of commercial real estate properties accounted for more than 10 percent of Colorado’s total economic output during 2007. Independent researchers commissioned by the Colorado chapter of the National Association of Industrial and Office Properties or NAIOP-Colorado, found that the state’s commercial real estate sector generated $24.3 billion in direct and indirect […]

Real estate sales to level this year

The Pikes Peak region has seen an infusion of close to $1 billion in new commercial real estate investment during the past five years, but industry experts are predicting transaction volume and prices may level out during 2008. Prices during October increased 1.6 percent from September, according to the Moody’s/Real Commercial Property Price Indices. Moody’s […]

New home sales plunge to 12-year low

Sales of new homes dove last month to their lowest level in more than 12 years. The Commerce Department reported Friday that new-home sales dropped 9 percent from October to November to a seasonally adjusted annual rate of 647,000 – the worst showing since April 1995, when the rate was 621,000. The median sales price […]

Chamber moving to Exchange National Bank building

In an effort to cut costs, the Greater Colorado Springs Chamber of Commerce is moving from its offices at 2 N. Cascade Ave. into the Exchange National Bank building at 6 S. Tejon St., suite 700. The new location, where U.S. Bank is located, has lower rent, said Joan Saunders, chamber chief operating officer. “Our […]

November foreclosures up 68 percent

The number of November foreclosure filings nationwide surged 68 percent compared with the same month a year ago. Analysts from RealtyTrac say that in all, 201,950 foreclosure filings were reported last month, compared with 120,334 during November 2006. Still, last month’s filings are down 10 percent from October’s 224,451. The decline in filings from October […]

Patriot Park campus adds ITT Corp.

The ITT Corp.’s Systems Division will lease 75,000 square feet in Corporate Office Properties Trust’s Patriot Park, at 655 Space Center Drive. The 180-acre office park is located at the intersection of Powers Boulevard and Highway 24 next to Peterson Air Force Base. Based in Colorado Springs, ITT’s Systems Division provides systems support and technical […]

El Paso County wants Preble’s mouse taken off endangered list

Representatives from the El Paso County Environmental Services Department attended a public meeting in Denver last night to recommend removing the Preble’s Meadow Jumping Mouse from the Federal List of Threatened and Endangered Species in El Paso County. The move comes after the U.S. Fish and Wildlife Service announced on Nov. 1 that the Preble’s […]

Realtors’ housing market outlook a little rosier

The National Association of Realtors’ prognosis for 2007 and 2008 home sales is a little more optimistic. The NAR revised monthly forecast calls for existing home sales to fall 12.5 percent this year to 5.67 million. Last month, the association predicted 5.66 million existing homes would be sold this year. Still, the revised figure would […]

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