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Owners who are thinking of selling their businesses have picked a great time to do it. “This is probably the best market that I have ever seen,” said Ron Chernak, president of FBB Group Ltd., whose firm has been selling businesses in Colorado Springs for 37 years. Thanks to the strong economy, businesses are enjoying […]
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In 2007, Holly Trinidad traded the glitz and glamour of Los Angeles for her hometown of Colorado Springs, fully expecting to return to a city that was — at least décor-wise — suspended in the past. “We were moving from a really cool part of Los Angeles, so it was like, ‘Oh, we’ve moved to […]
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Studies have shown that proximity to boutique and high-end grocery stores such as Trader Joe’s and Whole Foods can be a boon for home values. However, El Paso County officials say that living near one of these stores is not directly related to increased property values. A study released this month by ATTOM Data Solutions, […]
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While local housing experts agree the rising rental costs in the Pikes Peak region need to be addressed, most do not believe the answer lies in a proposed legislative measure that would have allowed local municipalities in Colorado to set rent control policies. The controversial Senate Bill 225 is likely dead prior to its second […]
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By Faith Miller – Colorado Springs Independent Editor’s note: This is the second part in a three-part collaboration with the Business Journal’s sister publication, the Colorado Springs Independent, exploring in depth the region’s affordable housing challenges. It’s impossible to know how many people have been affected by the affordable housing shortage in Colorado Springs — […]
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The Ivywild School development was envisioned as a gathering place in a historic neighborhood where people could sip a handcrafted beer, enjoy a meal or snack, buy locally grown food, go to a concert or attend a meeting. Since it opened in the summer of 2013, Ivywild, at 1604 S. Cascade Ave., has promoted redevelopment, […]
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A shortage of entry-level homes in the Colorado Springs market is making it harder for Millennials to fulfill their American Dream. “I believe there are more young people that would be buying homes now, if there was more affordable inventory available to do so,” said Tony Rose, broker and owner of Rose Real Estate LLC. […]
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Editor’s note: This is the first of a two-part series with nine local stakeholders discussing their industries and how they’re preparing for the next economic downturn.  It’s an interesting time to live in Colorado Springs, let alone to run a business. Though the city’s booming economy might encourage increased investment, many fear the next economic […]
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The challenges presented by a lack of affordable housing, along with the continued commercial development downtown and to the north, dominated area real estate news in 2018. The Colorado Springs housing market is predicted to be the hottest in the nation next year, according to Realtor.com. Median house prices across Colorado, including in Colorado Springs, […]
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People have discovered the drive from northern El Paso County to Denver isn’t so bad. A driver can reach The Denver Tech Center from Monument in about 40 minutes, said Terri Hayes, president and CEO of the Tri-Lakes Chamber of Commerce. “A lot of the families that we have in our community have one spouse […]
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Urban renewal is about taking a place nobody wants to touch, and turning it into somewhere everyone wants to be. When it works, derelict buildings, empty lots and crime-infested streets give way to lively stretches of entertainment, art, shopping, dining and retail. The once-blighted neighborhood loses its stigma but retains a distinctive culture — and […]
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  The shape and scope of Creekwalk — a key piece in the burgeoning development in the South Nevada Urban Renewal Area — has been revealed. The 61,700-square-foot shopping center will sit on approximately 11 acres, stretching from Ramona Avenue south to East Cheyenne Road, bounded by South Nevada Avenue and Cheyenne Creek.   Creekwalk […]
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