Colorado Springs was the 54th most searched real estate market in the country on Realtor.com in April. The ranking was higher than the 55th place the city had in March. The higher numbers, combined with falling inventory figures, rising list prices and rising sales prices indicate that the real estate market in Colorado Springs is […]
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 […]
The El Paso County Public Trustee’s office just finished its busiest quarter since the end of 2010. Trustee Tom Mowle reported that his office processed 3,478 deed releases in September, which brings the year-to-date total 23 percent higher than in 2011. Deeds of trust are released when a homeowner pays off a mortgage, sells a […]
Although Colorado Springs’ industrial building space saw significant slowing in 2001, rental rates haven’t slipped appreciably compared to most major Southwest cities. Stalled technology sectors disrupted the Pikes Peak region’s industrial market and created a negative absorption rate between 2000 and 2001, according to the Grubb & Ellis/Quantum Commercial Group’s 2002 Real Estate Forecast. Industrial […]
One segment of the Colorado Springs commercial real estate market is experiencing explosive growth — gas stations. “It seems like the only thing that’s really moving,” said Lori Ondrick, a retail broker with Quantum Commercial Group. Ryan Tefertiller, a city planner, said everyone in the planning department has dealt with at least one gas station […]
Braxton’s owner, The O’Neil Group, is buying the building at 6 N. Tejon St. and plans to move the defense software company and its 80 employees there.
Dramatic drops in homeownership levels might indicate changing attitudes about the importance a house plays in retirement planning, local financial advisers say.
Given the opportunity, many medical and dental practitioners are opting to buy rather than lease office space. Last month, for example, Oral Surgery Associates bought a 4,500-square-foot medical office condominium at 5745 Erindale Drive. The group’s doctors had been tenants in the building since 1995.The practice, represented by Tom Brown of Thomas R. Brown Associates, […]
When the 300-room Renaissance Hotel on the north end of Colorado Springs goes to foreclosure auction in October, will anyone bid on it? Less than a year ago, investors were interested in taking over the project, near Interstate 25 and Interquest Parkway, but some watching the deal today say the bidding price, expected to start […]
Marty Chase, Realtor with Weichert Realtors, was the buyer’s agent in the sale last month of three vacant land parcels in El Paso County, including 38 acres at the Forest Meadows subdivision. Colorado Morley Returns sold the 38 acres to Dillondon, and Craig Anderson of NAI Highland represented the seller. The sales price was $731,220. Terra […]