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 […]
People have discovered the drive from northern El Paso County to Denver isn’t so bad. A driver can reach The Denver Tech Center from Monument in about 40 minutes, said Terri Hayes, president and CEO of the Tri-Lakes Chamber of Commerce. “A lot of the families that we have in our community have one spouse […]
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...
One of Colorado Springs’ favorite venues is undergoing a $2 million makeover and expansion – and that’s just the beginning, officials say. Managed by the city and El Paso County for the past 30 years, the former Penrose Equestrian Center has catered primarily to rodeo events, concerts, Oktoberfest, home shows, automotive shows and to horse owners, providing facilities for equestrian sports, stabling, riding lessons and boarding since its construction in 1974.
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 […]
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 […]
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 […]
Cushman and Wakefield Colorado Springs Commercial brokered two real estate sales recently, both in high-traffic areas. KG Store 684 LLC purchased the 2.8-acre vacant commercial lots at 2406-2422 Research Parkway for $1.26 million. The land is at the Corner of Research Parkway and Chapel Hills Drive. Brokers Peter Scoville, Greg Kaufman and Mark Useman completed […]
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 […]
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 […]
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 […]
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 […]