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South Nevada Avenue is set for another burst of activity and transformation in the coming weeks. Construction has been a staple in the urban renewal area over the past year, but behind the scenes and the growing row of retail storefronts, hundreds of wheels are turning on projects that will breathe new life into the […]
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Front Range Commercial recently announced a number of real estate closings that took place in recent months. A near-$3.5 million sale of 3780 and 3790 E. Woodmen Rd. closed Nov. 20. The seller was REB Enterprises II LLC and the buying entity was LIC Family Partners LP. Realtors Bob Nolette and Michael Roslin represented the […]
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Redistricting discussions are building this week to a crescendo at the State Legislature. EDC, The Chamber of Commerce and the Pikes Peak Association of Realtors are all watching developments closely as the final determination could have major impact on El Paso County’s military installations and legislative bargaining in the future. Stay tuned for details on […]
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Commercial real estate The past year has brought optimism. Vacancy rates are down across the board, supply and demand are beginning to turn the economic tide and the year has been marked by several newsworthy transactions. These pieces highlight some trends and shine light on the underpinnings of a few of Colorado Springs’ most lucrative […]
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When buying commercial property in Colorado with the assistance of a broker, more likely than not the state approved Contract to Buy and Sell Real Estate (Commercial) will be used. This and the subsequent column will cover some of the more important aspects of that contract. If the reader cares to follow along, a copy of the contract noted above (CBS 2-7-04) can be downloaded from the Colorado Real Estate Commission Web site at www.dora.state.co.us/real-estate/contracts/CONTRACTSII.htm. Right at the top of the contract is a bold disclaimer in all caps suggesting the parties to the contract should seek counsel before signing the contract. In any commercial transaction, it goes without saying that all parties should thoroughly understand the contract and its various implications.
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Colorado Springs-based Sierra Commercial Real Estate closed its doors this week after more than a decade serving the Pikes Peak region. Owner and President Dave Delich made the call after losing several of his brokers to nationally affiliated firms, but Delich said that parent company Sierra Properties will remain in business. “The brokerage was just […]
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Multi-family housing sales in Colorado Springs have continued to increase in the first three quarters of 2014, driving the local market to new highs, according to a report by local apartment firm Commonwealth. “The Colorado Springs apartment market is on a record breaking pace,” Commonweath CEO Ron Spraggins wrote in the report. The sales of […]
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The new 80-room Holiday Inn Express at 105 N. Spruce St. is still selling out months after peak tourist season, according to Tadz Jarosz, assistant general manager. The hotel’s grand opening was in May, marking what could be a precursor of additional commercial development around West Bijou Street just off Interstate 25. Holly Trinidad, a […]
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Litigation in the long-contentious Colorado Crossing suit took a decidedly forward step last week in U.S. Bankruptcy Court. Colorado Crossing developer Jannie Richardson and SRKO Family Limited Partnership owe 40 contractors and subcontractors more than $17 million from the derailed development in northern Colorado Springs. Colorado Crossing was the vision of developer Richardson and her […]
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No flowery prose today – there’s too much real estate news to pass on. From the opening of the 2002 Parade of Homes to the Urban Land Institute’s mid-year projections and a plethora of new transactions to report, the dog days of August will be anything but dull. HBA’s Parade of Homes Runs August 9-25 […]
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Vacancy rates in the industrial sector of commercial real estate in Colorado Springs continue to decline, due in part to marijuana grow operations here, say Realtors familiar with the issue. “Because of the medical marijuana and the need for space to grow plants, that has continued to cause a lower vacancy rate, both for opportunities […]
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