Hoff & Leigh, a local commercial real estate firm, is continuing its national expansion with a new office in Arizona slated to open within a couple months. Managing partner Holly Trinidad was in Tucson this week preparing to open a location there. The firm has had an office in Akron, Ohio for several years but […]
The O’Neil Group purchased the Center City Plaza building at 455 E. Pikes Peak Ave. earlier this month. The O’Neil Group, owned by Kevin O’Neil, also owns Braxton Technology and bought the former Chase Bank building at 6 S. Tejon St. in 2011. O’Neil was a principal in the purchase and was the broker representing […]
Maryland-based Corporate Office Properties Trust, a real estate investment firm, has put its entire Colorado Springs market portfolio up for sale. That’s 16 buildings and more than 1.1 million square feet of mostly Class-A office space. The publicly traded firm’s Colorado Springs holdings account for more than 10 percent of the 9.3 million square feet […]
The excitement and hope commercial real estate brokers put on display at the start of 2012 was mostly gone by the time they started trying to predict what will happen in 2013. “I think we all just wanted it to be behind us,” said Greg Phaneuf, a principal at Cushman & Wakefield Colorado Springs Commercial. […]
Two emerging national trends in commercial real estate could have ripple effects in Colorado Springs: increased urbanization and institutional investors looking to smaller markets.
Like broken records, commercial real estate brokers are repeating the same moderately upbeat refrain about the market conditions that they’ve been saying: “Well, it’s not getting worse.”
Patrick Kerscher, a principal broker with Landmark Commercial Real Estate, closed a rare deal earlier this week when he sold a multi-tenant retail building at Research and Union boulevards. The 10,700-square-foot space sold for $2.45 million. That was a fair price for seller and buyer, said Tucker Manion, a broker with Centre Point Properties in […]
When Kati Brewer started looking for a downtown storefront for her Pure Nutrition shop earlier this year, she was blown away by the affordability off Tejon Street.
Downtown’s retail scene has made a positive turn in the past year as vacant storefronts are beginning to fill.
New buzz and energy in the commercial real estate market has some local brokers cautiously optimistic that this is the beginning of better times, but others in the industry remain skeptical. “There’s definitely activity,” said R.D. Trinidad, president and managing broker at Hoff and Leigh. “We’re having more positive inbound calls than we’ve had in […]