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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Commercial real estate vacancies in Colorado Springs will continue to decrease, with steady, moderate growth in sales this new year, predicted Quantum Commercial Group, a leading commercial real estate leasing and sales firm here. “We’re all pleasantly surprised. The market isn’t as bleak as we all thought it was, and the numbers aren’t as bad,” […]
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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 […]
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New businesses, restaurants and housing are springing up in the urban renewal area that encompasses the South Nevada Avenue and South Tejon Street area — and a lot more is expected to happen in the next two years, including a new hotel. Three developers — Sam and Kathy Guadagnoli, Walt Harder and Danny Mientka — […]
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The growing reliance on cloud computing is reshaping traditional network computing and boosting demand for leased data center space in the U.S. For occupiers leasing a data center, Colorado Springs ranks among the markets with the lowest total project cost for leasing a data center, according to CBRE Group Inc. The CBRE Group, a commercial […]
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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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No one showed up Wednesday morning to bid on the Antlers Hilton at the El Paso County Public Trustee foreclosure sale, so the property was sold to the lender for less than what was owed. The Antlers property had a deficiency of $3.6 million, and $38 million was the final amount the beneficiary paid for […]
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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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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 […]
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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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Griffis/Blessing Inc. will handle property management for The Flats at Sky Village and The Reserve at Oak Park, both located in Arvada and owned by Ruffner Properties LLC. The Flats at Sky Village is the larger of the two properties with 105 one- and two-bedroom apartment homes, whereas The Reserve at Oak Park has 42 […]
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