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A Colorado Springs-based property management group will manage the Academy Gateway Retail Center near the intersection of North Academy Boulevard and Woodmen Road. Griffis/Blessing Inc. announced in a news release Thursday that the company will now manage the 28,285-square-foot shopping center at 7140-7190 North Academy Blvd. The leasing broker marketing the vacancy at Gateway center […]
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Palmer Lake inn sold

Advanced Recovery Systems, a behavioral health care management company based in Fort Lauderdale, Fla., is in the final stages of purchasing the Inn at Palmer Divide in Palmer Lake. ARS treats people for substance abuse, alcoholism, addictions and eating disorders with related mental health treatment programs and centers. Allison Walsh, vice president of business development […]
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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 […]
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The aging of America has had many impacts, especially on businesses. Local entrepreneurs have had to adapt their products and services to retain and expand their market share as their clients age. “It’s weird — I think the whole market is changing,” said Johnny Nolan, who owns two popular eateries in Colorado Springs, SouthSide Johnny’s […]
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Commercial real estate broker Tim Leigh announced today he is withdrawing from the Colorado Springs’ mayor’s race, saying the city needs someone who could make a “singular, full-time commitment” to the job and that he was sticking with real estate. His decision leaves two candidates vying for the office: neighborhood advocate Dave Munger and defense […]
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At its northernmost point, Powers Boulevard is met with a juxtaposition. By now, InterQuest Parkway was supposed to be a vibrant strip of hotels, entertainment venues, restaurants, offices and residences. Instead, semi-finished buildings left vacant for 10 years stand mere feet from new construction. Stymied by a stagnant economy and developer bankruptcy, associated players are […]
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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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For a corridor stuck in a quagmire, South Academy Boulevard has been attracting plenty of attention. Studies conducted by the city don’t paint a pretty picture of the residential and commercial areas bordering Hancock Expressway and Academy Boulevard. According to the corridor’s Great Streets plan published in May 2011, “shopping center vacancy rates for second […]
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In the past two weeks, two stunning announcements about sports stadium development have been made in southern Colorado. Visions for the projects in Colorado Springs and Pueblo were much the same: stimulate economic development by bringing sports teams downtown to play in multipurpose venues. Both plans featured public-private partnerships, and both had lodging properties as […]
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The Ancient Mariner’s story ends Memorial Day. After 32 years serving drinks, sandwiches, pizza and local musical talent, the Manitou Springs tavern will close, along with adjacent Marilyn’s Pizza, said owner Anne Stinson. “I’m tired, and I want to get retired,” said Stinson, who has operated Ancient Mariner and Marilyn’s Pizza for all its 32 […]
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Office vacancies remain high in the newly constructed buildings on the north end of Colorado Springs. Both Hoff & Leigh Commercial Real Estate and Sierra Commercial Real Estate released their second quarter reports this week and while the statistics varied, both documented high vacancy rates in commercial office space in the northern part of the […]
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