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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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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.
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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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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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Simon Penner of CameronButcher Commercial Real Estate brokered a number of leases recently for downtown commercial properties. He represented both the lessee and the lessor on all of them. “Space is tightening up in downtown Colorado Springs,” Penner said. The properties include: • A new quick-serve sushi restaurant at 107 N. Tejon St., operated by […]
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The Colorado Springs commercial real estate market continued to grow stronger throughout the third quarter of 2016 and has been bolstered by banner years for the local hospitality and tourism industries, according to industry experts. Reports published last month by Colorado-based real estate firms Turner Commercial Real Estate and Transwestern painted an optimistic picture of […]
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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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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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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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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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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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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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