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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The Colorado Springs commercial real estate market, according to a recent report, remained mostly flat in the third quarter of 2014. The Quantum Commercial Group Inc. quarterly report painted a picture of the market as one that has cooled in recent months and is being harvested by opportunistic investors attracted by good prices and low […]
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A recent market report from Colorado Springs-based Quantum Commercial Group has indicated continued recovery for the local commercial real estate market — slow as it may be. Quantum’s first market report of 2014 reviewed data from the year’s first quarter, tracking flat or sluggish trends in the metropolitan area’s office, industrial and retail markets. But […]
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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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Earlier this week the Realtors Commercial and Industrial Society (RCIS) met at the former RockShox offices at 1610 Garden of the Gods Rd. for its November monthly meeting. The commercial and development community turned out in force for remarks by Bill Healy, the city’s new planning director. Based on early conversations with Healy, he’s ready […]
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The Toni & Guy Hairdressing Academy is moving from its far south Colorado Springs location into a three-story building at Union and Academy boulevards. The move allows the academy to double its space to nearly 18,000 square feet, and give the school a more campus-like feel, said Sandy Chandler, academy owner and director. The academy […]
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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 […]
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Judging by recent conversations with some of the commercial real estate community’s finest, the Pikes Peak region is suffering a few setbacks, but most brokers are busy. Foreclosures are up (29 recorded in the Daily Transcript this week), but savvy investors are poised for bargains – and new employers are still making announcements. Here’s hoping […]
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The San Diego office of Colliers International announced the purchase of a 6,166-square-foot retail property at 1520 Briargate Blvd. for $4 million as part of a 1031 tax deferred exchange. This Chapel Hills Mall outparcel property is currently occupied by US Bank, which has a remaining 10-year lease. Rick Puttkammer of Colliers International represented the […]
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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 […]
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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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Eminent domain is not just a policy; it¡¦s the law for local and state governments. The law allows the Urban Renewal Authority of El Paso County to usurp businesses in areas where urban renewal will occur. Furthermore, the law states that the URA is not legally bound to compensate business owners for any costs concerning […]
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