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Colorado Springs
Sunday, January 21, 2018
Guests stood in the empty office space at the open house of a vacant manufacturing building and warehouse in Fountain on July 26. They gathered to listen to presentations encouraging businesses to occupy the vast space. The 362,291-square-foot building located at 702 Bandley Drive, just east of Interstate 25, has been empty since 2007, but […]
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A tight residential real estate market and growing demand for housing have led to creative redevelopment and infill projects throughout Colorado Springs — but perhaps most noticeably on the Westside, where houses and multifamily buildings are going up on long-unused lots. GJ Gardner Homes is building an $800,000 modern duplex on a vacant lot at […]
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All signs point toward a bullish housing market in Fountain. The city’s Economic Development Manager Kimberly Bailey said that Fountain is seeing its strongest speculative housing development in nearly 15 years — resulting from a historic regional demand for affordable residential real estate. “Right now we have about 3,200 housing plan submissions in the funnel,” […]
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In the rapidly growing and competitive housing market, companies nationwide are finding it necessary to innovate in order to entice potential homebuyers to purchase properties. Toward that end, Colorado Springs-based homebuilder Vantage Homes recently introduced a new method for viewing and touring its many model homes — without even setting foot outside. On March 1, […]
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Besherit, LLC recently selected Griffis/Blessing as the commercial property services group to manage Mountain Shadows Professional Center at 5731 Silverstone Terrace. The 23, 948-square-foot office building was built in 2000 and will be handled by Griffis/ Blessing Portfolio Manager Liz Seeger and portfolio assistant, Courtney Brunner, overseeing day-to-day operations at the northwest facility. “This is a […]
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El Paso County saw fewer foreclosures last year than it has in recent history — a statistic that bodes well for the health of the local economy, but makes the Colorado Springs real estate market a more challenging one for investors. There were 1,287 foreclosure filings in El Paso County in 2016, according to records […]
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The Colorado Springs-based real estate firm Quantum Commercial Group expects 2016’s strong economic trends to continue during the new year — across both the commercial and residential markets. “We all believe that 2017 is staged for continued expansion and growth in both new and existing companies and employees for our city,” according to Quantum’s annual […]
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As the clock struck midnight last New Year’s Eve, Colorado Springs real estate experts believed 2016 would prove to be one of the strongest years in the history of the city’s commercial and residential markets. They were right. The past 12 months have produced a meteoric rise in home values and sale prices, drastically decreased […]
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Here’s one of the standard Colorado Springs narratives: Once upon a time there was a beautiful, cultured city of 34,000 nestled beneath Pikes Peak. But sometime in the 1950s, hordes of short-fingered vulgarians descended upon the city, transforming it into a wilderness of tract houses, beige subdivisions and cookie-cutter shopping centers. There’s some truth in […]
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The Colorado Springs multifamily housing market has in recent weeks seen the sale of two large apartment complexes totaling nearly $130 million — bringing total sales volume for the year to around $500 million and underscoring the strength of the local real estate economy. The 440-unit Grand River Canyon apartment community in north-central Colorado Springs […]
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While 2016 is proving to be another record-breaking year for the local residential real estate market, the increasing likelihood of mortgage rate hikes is creating uncertainty for some and opportunity for others. Although November saw a slight dip in home sales, monthly sales grew 46.7 percent above the same time last year, according to the […]
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