The Colorado Springs commercial real estate market continued to see slow growth during the first quarter of 2015, with land investments and planned development spurring the region’s hope for cross-cutting growth in the year to come, according to Quantum Commercial Group’s quarterly report. The report, released this week by the Colorado Springs-based real estate firm, […]
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The trend for urban living has encouraged Colorado Springs real estate developer Nor’wood Development Services and apartment owner and commercial property manager Griffis/Blessing to build 356 new apartments in two projects downtown. Ground-breaking is set for next year, said Jeff Finn, Nor’wood project design manager and Gary Winegar, Griffis Blessing president of investment services. On […]
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Sunrise Company, which bought the Garden of the Gods Club in 2007, is selling 86 home sites around the club, including five luxury spec homes south of the club on the ridge overlooking the Garden of the Gods.
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For the first time in 13 years, house prices fell in 21 states during the third quarter, according to a government index. Average home prices fell by 0.4 percent nationwide from the previous quarter, according to the latest Office of Federal Housing Enterprise Oversight House Price Index [730 Kb PDF]. The index tracks homes with […]
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The man behind the Mining Exchange, a downtown Wyndham Grand Hotel due to open this spring, stands to lose more than $200,000 he invested in a LandCo development-related project on South Union Boulevard unless he rescues it from foreclosure. First Citizens Bank and Trust filed a notice of election and demand against The Ridge at […]
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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 hands, guaranteeing that the […]
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5 Star Bank is providing the financing for The O’Neil Group’s purchase of 6 N. Tejon St.,the former Chase Bank building. It’s one of the largest deals for the local bank, and CEO Mike League hopes that it is only the first of many between his bank and defense companies. “We’re dependent on the Department […]
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Local brokers have been busier than New England cranberry merchants in the past 30 days. Take a look at the dozens of deals completed by all sectors of the commercial real estate industry. Transaction Report Hoff & Leigh Reports $1.5 Million in Sales August proved to be an active month for one of Colorado Springs’ […]
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The Urban Land Institute, which sent 10 panelists experienced with downtown redevelopment projects to evaluate Colorado Springs and recommend projects to improve downtown, will return. The panel initially presented its findings, after an intensive week of reviewing past studies, touring the city and interviewing more than 120 residents, June 29 at the Fine Arts Center. […]
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Competition heats up for coveted public projects Rosy construction industry forecasts for 2010 are harder to come by than a sledge hammer at a glass factory. It’s tough out there. But, even as the industry’s national unemployment rate approached 30 percent last year, general contractors in the Pikes Peak region seemed to hold their own, […]
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Harry Salzman, broker and owner of Salzman Real Estate Service, received Realtor Emeritus status from the National Association of Realtors. The honor was awarded in “recognition of 40 cumulative years of membership in the NAR and in recognition of his valuable and lasting contribution to the real estate profession,” said a press release announcing the […]
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Last week I joined a group of fifteen realtors on the “Sales Group Tour,” a monthly shuttled event, organized by Steve Wrestler of Prestige Properties. The program is an informal one – cost is just $50 per year to get on the list. What a great, low-key way to get educated about the Pikes Peak […]
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