After months of contentious discussions with Colorado Springs property owners, City Council has finally created new regulations to govern the operation of short-term rental properties, commonly offered through online booking platforms like VRBO and Airbnb. A divided Council voted 5-4 on Dec. 5 to approve new provisions as recommended by...
Developers associated with the Gold Hill Mesa neighborhood are exploring legal action against the Colorado Springs Gazette in light of its recent three-part series about the Westside subdivision it reported is sitting atop shifting soils. The newspaper’s first installment, published Aug. 25, said that city planners and regional building staff...
At the Colorado Springs City Council session on Oct. 22, councilors were scheduled to vote on a trio of measures that will determine how short-term rental properties, commonly booked through websites like Airbnb, are regulated throughout the city in the years to come. On the agenda were proposed ordinance amendments...
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...
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...
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...
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...
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...
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....
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...
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,...
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...