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Longtime Colorado Springs-area residents might remember Sylvia Jennings from her news-delivering days, when she and her husband Wayne worked as KKTV 11 News anchors. But now, many newcomers to the Springs who are looking for a home might know her in her Realtor role, as co-owner of Prudential Rocky Mountain at 216 N. Tejon St. […]
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Following are the 10 most expensive foreclosures greater than $200,000 that sold at the El Paso County Public Trustee’s foreclosure auction
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The Stargazers Theatre and Event Center is once again on the market. It’s the second time the event center has been for sale since the beginning of 2014, when owners John and Cindy Hooton said they were “testing the waters” by listing the property. The building and land was on the market for six months […]
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Residential developers across the Pikes Peak region are increasingly reporting a much-awaited trend: buyers are back. Gold Hill Mesa developer Bob Willard is among those relieved. With two tough years behind him, including the bankruptcy of John Laing Homes, which abandoned dozens of the development’s lots and unfinished homes, Willard is upbeat about 2010. Fifteen […]
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The latest multifamily market report indicates that vacancies in the Springs have stabilized and, in newer communities, are beginning to increase. That’s in sharp contrast to two years ago when double-digit vacancy rates were common in some neighborhoods, and rents, while generally flat, were accompanied by frequent incentives. Today’s third-quarter vacancy rates — a metric […]
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It is a challenge to keep ahead of the Colorado Springs commercial real estate community…Here are the latest reports from the front lines. Sterling Centrecorp selects Olive Retail Group The Retail Group at Olive Real Estate Group is handling all the leasing, marketing and sales for the Toronto-based Sterling Centrecorp, Inc., which last week announced […]
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Heavy-hitters in the Colorado Springs commercial real estate community gathered Wednesday night to celebrate their successes selling and leasing commercial property in the region. At their first formal gathering since forming last year, nearly 100 members of the Southern Colorado Commercial Brokers met to distribute “Deal Maker Awards 2015” as the organization’s inaugural event. The SCCB […]
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Early next month, property owners in El Paso County will receive reappraisal notices from the assessor’s office, and the damage done to property values in the region from July 1, 2008 to June 30, 2010 will be starkly apparent. Just seeing those dates on paper is enough to make most property owners cringe, and it’s […]
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U.S. homeowners have less than one month to utilize a federal tax credit aimed at encouraging home energy efficiency. The measure, created by the Energy Policy Act of 2005, allows for a credit of up to 10 percent – or $500 – of the cost of materials for certain home improvements completed before Jan. 1, […]
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Cumulative declines in single-family construction and building permit authorizations is approaching 50 percent, said David Seiders, chief economist for the National Association of Home Builders. He also said annual rates for both starts and building permits fell below the million-unit market for the first time since 1995. The NAHB/Wells Fargo Housing Market Index dropped to […]
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A California developer wants to build a 60-acre mixed-use development near the west gate of Peterson Air Force Base that will include 450 apartment units, military office space, restaurants and retail space.
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A Colorado Springs-based real estate investment group recently purchased Ridgepointe at Gleneagle Apartments for $30.3 million. Griffis/Blessing Inc. finalized the purchase of the 240-unit property Dec. 3 with $22.5 million in financing from Freddie Mac and the remaining $8 million in investor equity, according to Chief Investment Officer Gary Winegar. The property is located in […]
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