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Colorado Springs
Wednesday, April 25, 2018
A housing crash may be on the horizon. According to one area broker, foreclosures are hitting record low rates not seen since the early 2000s. But that may actually foreshadow the market’s next downfall. “Everybody is always boasting about foreclosures and defaults being down, but the truth is they normally hit their lowest point right […]
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As the Pentagon weighs whether the newly converted 16th Armored Brigade Combat Team will stay at Fort Carson, Colorado Springs is counting the potential cost — in community and in dollars — of possibly losing 10,000 soldiers and family members for good. It’s been a week since the Army released a Programmatic Environmental Assessment regarding […]
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Some retailers are breathing a little easier after the recent purchase of Chapel Hills Mall. “That period where we didn’t know who was going to buy us or if we were going to be bought, there were a lot of rumors going around that we might close,” said Monika Clayton, owner of American Vape and […]
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Hundreds of local employees commute to work by bicycle, whether they ride downtown or to other locations. Vicki McCann, marketing supervisor for the city of Colorado Springs Transit Services Division, hopes that number will swell to thousands on June 27, the 25th annual Colorado Bike to Work Day. “An event like this can be fun […]
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Most landlords and property managers don’t have anything to worry about when it comes to the city of Colorado Springs’ proposed housing code changes. “If a property manager is doing what they are supposed to be doing, they shouldn’t have any issues with them,” said Laura Nelson, executive director for the Apartment Association of Southern […]
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We’re trading our privacy for trinkets. Big businesses are using Americans’ personal information to make money — it’s collected and bundled and sold over and over — and we’re giving it away for email accounts and Facebook likes and fuel points and insurance discounts. In March, twin Facebook scandals jolted many Americans to realize they […]
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The moment a customer steps away from the centralized table, where deposit slips and other bank transaction documents are kept, they are greeted by a welcoming smile from one of Herring Bank’s tellers. “I think that customer service is the No. 1 thing that distinguishes larger banks from community banks for consumers,” said Aileen Berrios, […]
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Although the largest manufacturer of tiny homes in the United States, Tumbleweed Tiny House Company, is located in Colorado Springs, purchasers of these trendy housing alternatives have few places in the region to park them. Tumbleweed is riding a rising tide of tiny house popularity. The company has grown substantially since it moved all of […]
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A steadily growing population throughout the region has made the leasing part of apartment property managers’ jobs fairly easy the past several years. However, since the beginning of January, the demand for apartments appears to have slowed slightly, likely due to seasonality and new units coming online, said Carmen Azzopardi, senior vice president of multifamily […]
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Colorado Springs’ aerospace industry is limited by its heavy focus on defense needs, but it can surge by thinking outside that box and adapting to commercial needs, according to Air Force Maj. Gen. (ret.) Jay Lindell. “When you’re developing capabilities to meet a certain government requirement, you may not be focusing on the private sector, […]
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Charles Marohn recalls, as a child, taking walks with his grandfather, who had lived through the Great Depression. During their time together, Marohn would watch as he collected cans along the roadside to sell for scrap. “He’d take a truckload in for $5,” Marohn said. “Nobody does that today. That seems crazy and beneath us. […]
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In common with public employee pension plans in almost every state, the Colorado Public Employees’ Retirement Association is less than fully funded. In other words, its assets are less than its liabilities. As of PERA’s comprehensive annual financial report of Dec. 31, 2016, the fund held assets valued at $43.15 billion, against liabilities estimated at […]
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