Despite seemingly optimistic projections of the Colorado Springs commercial real estate market, a recent first-quarter report indicates net absorption is down in all of the city’s office submarkets. But the year’s first MarketView report for Class A/B office space — done quarterly by Cushman & Wakefield’s Colorado Springs Commercial group — found the negative absorption […]
Carole Jackson of Security Florist used to bring her older flowers to the adjacent Dad’s Kwik Inn Diner at the end of each week. There her colorful contributions would adorn the tables. “We used to get customers often because of them,” she said of the now-vacant building at 385 Main Street in Security. According to […]
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 […]
Members of the Urban Renewal Authority patted one another on the back last week after finally resolving the relocation policy associated with urban renewal. However, some business owners and concerned citizens who attended the URA¡¦s board meeting were less enthused, crossing their arms and shaking their heads. ¡§They may have a great vision for what […]
The two concrete tilt-up structures will house the offices of entrepreneur Tim Dumler’s Larkspur-based Off the Chain LLC and are scheduled to be completed in June 2014, according to the release. Bryan Construction will also conduct all other work related to the Caprice Court site, including utilities, over-lot and landscaping. Documents from the Douglas County […]
Title insurance is one of the issues that must be dealt with when purchasing a building. Unfortunately, a vast majority of buyers just throw the title commitment in the file without as much as a cursory review. That is probably not the best course of action for the serious buyer. The reason the title commitments are dismissed so quickly out of hand is that it looks like Greek. In reality, they are very easy to navigate. It just takes a little time to review them and make sense of what is written.
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 […]
A nice neighborhood; cheap property; tenants waiting in the wings. It’s as easy as Eight Nine Ten. Owned by RD and Holly Trinidad and her father Tim Leigh, Eight Nine Ten is a subsidiary of Hoff & Leigh Commercial Real Estate, a Colorado Springs-based, full-service brokerage. Eight Nine Ten has begun renovating its second acquisition […]
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 […]
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...
The Ivywild School development was envisioned as a gathering place in a historic neighborhood where people could sip a handcrafted beer, enjoy a meal or snack, buy locally grown food, go to a concert or attend a meeting. Since it opened in the summer of 2013, Ivywild, at 1604 S. Cascade Ave., has promoted redevelopment, […]
Commercial real estate in Colorado Springs is coming back, with downtown office properties’ occupancy and lease rates remaining more stable and consistent than other sectors. “It’s a fairly small marketplace, and the profile of users downtown is also stable — accountants, law firms, investment firms. The type of tenant that wants to be downtown has […]