Changes to the Defense Department budget proposed this week by Secretary Robert Gates could affect the 100 or so contractors with a Colorado Springs presence.  Budget reallocatoin also might impact the city's largest defense contractor landlord, Maryland-based Corporate Office Properties Trust, which controls more than 1 million square feet of office space. A report published...
The 104,439-square-foot building at 5575 Tech Center Drive sold recently for $5.9 million, according to Quantum Commercial Group. The listing agents were Frank Tuck and Randy Dowis of NAI Highland and CIII, while the cooperating broker was Michael Palmer of Quantum. Quantum also reported the sale of 550 State Highway 105...
Harry Salzman sold real estate from the same 538 Garden of the Gods Road location for more than 30 years. Monday, Salzman merged his company with ERA Shields, 5475 Tech Center Drive. That day, his Realtor license officially transferred to ERA Shields. Later in the week, the former Salzman Real...
The El Paso County Public Trustee filed foreclosure papers Tuesday on the Antlers Hilton hotel in downtown Colorado Springs. According to records from the public trustee, $36.35 million is the balance due on the 232-room downtown icon. The original principal balance of the debt was $36.342 million, according to public...
A Denver lawmaker plans to sponsor a bill this year that aims to require lenders to prove they are the holders of evidence of debt before they foreclose. Rep. Beth McCann, D-Denver, is sponsoring the bill in hopes of making the foreclosure process cleaner and fairer for homeowners. Colorado Springs real...
Transactions in northeastern El Paso County may occur at a slower pace than in Colorado Springs, but they’re catching up, say people familiar with real estate deals in Falcon. Many people who move to the Falcon area want the rural lifestyle, along with acreage for their boats, fifth wheels, ATVs,...
Less than a year away from completion, the $60 million, 300-room Renaissance Hotel on Interquest Parkway is beginning to take shape. On a site tour last week, the CSBJ learned that groups are already booking room nights in anticipation of the hotel’s opening next spring. “We’ve already had a lot of...
The Farnsworth Group, which leased 9,000 square feet at 4755 Forge Road from 4755A Forge Road LLC, has been awarded the 2009 Colorado Facility of Excellence (COFAX) Award from the International Facility Management Association. The company earned top honors in the Environmental Impact/Resource Conservation category for the redesign of a...
The El Paso County Public Trustee’s Office reported fairly good news regarding 2015 foreclosure starts and releases of deeds of trust, said Trustee Thomas Mowle. The trustee’s office released 2,995 deeds of trust in December, similar to what the office saw each month since September. Releases, which occur when a...
An extended moratorium on home mortgage foreclosures could wreak havoc on the title insurance business. Even if banks quickly resume in pressing ahead with foreclosures, some buyers are likely to hesitate buying a home out of foreclosure amid concerns about ownership. A title insurance policy is issued whenever a home changes...
Stefanie Norred is an advocate: When she isn’t working to benefit Coloradans with developmental disabilities, she’s encouraging her younger sister. For the past seven years, the 29-year-old local native has worked for The Resource Exchange, now as a quality enhancement specialist. Norred said growing up in a multi-racial family...
The banking business is booming in Colorado Springs to the point at which one bank has bought its own ground and is building two new buildings. A premier Colorado business bank has branched out to Colorado Springs, and two more are remodeling at current locations. Colorado Business Bank “For us, it’s...