Hundreds of new homes and a commercial development soon will occupy more than 1,000 acres of rolling hills west of Interstate 25, just off Baptist Road. Forest Lakes, an El Paso County subdivision that was on hold while the economy recovered, will eventually have about 475 homes on 867 acres, nestled next to the Pikes […]
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The Ancient Mariner’s story ends Memorial Day. After 32 years serving drinks, sandwiches, pizza and local musical talent, the Manitou Springs tavern will close, along with adjacent Marilyn’s Pizza, said owner Anne Stinson. “I’m tired, and I want to get retired,” said Stinson, who has operated Ancient Mariner and Marilyn’s Pizza for all its 32 […]
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The Colorado Springs multifamily housing market has in recent weeks seen the sale of two large apartment complexes totaling nearly $130 million — bringing total sales volume for the year to around $500 million and underscoring the strength of the local real estate economy. The 440-unit Grand River Canyon apartment community in north-central Colorado Springs […]
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Here’s one of the standard Colorado Springs narratives: Once upon a time there was a beautiful, cultured city of 34,000 nestled beneath Pikes Peak. But sometime in the 1950s, hordes of short-fingered vulgarians descended upon the city, transforming it into a wilderness of tract houses, beige subdivisions and cookie-cutter shopping centers. There’s some truth in […]
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CoreLogic, a property information, analytics and data-enabled services provider, released its Home Price Index and HPI Forecast data for December, showing home prices are up month-over-month, as well as year-over-year. In Colorado Springs, home prices, including distressed sales, increased by 5.4 percent in December 2015 compared with December 2014. On a month-over-month basis, home prices, also […]
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The Village at Lionstone apartment complex in southeast Colorado Springs sold for $28.1 million Jan. 4. The multifamily property is located at 255 Lionstone Drive and features 288 one- and two-bedroom units. Dan Woodward, Dave Potarf, Matt Barnett and Jake Young of CBRE Denver Multifamily Investment Properties represented the seller, Seagate. The buyer was All Pro Capital […]
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If you’re a millionaire looking to pay cash for a luxury home in the Rocky Mountain foothills, Colorado Springs is the market for you. While the bottom part of the housing market continues to heat up — driving availability down and prices to record highs — local real estate agents have had a much harder […]
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It looks like more DIY movers are heading west, parking and unpacking in Colorado Springs. LawnStarter, a Texas-based startup that helps people book affordable lawn care, published a report on its blog July 27 listing Colorado Springs No. 3 for “America’s 12 Most On-the-Move Metros.” Data released July 21 from the U.S. Census Bureau’s 2014 American […]
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The Fountain Hills Apartments at 2330 E. Fountain Blvd. sold recently for $1.2 million. Creek View LLC, with a Castle Rock address and a registered agent in Boulder, according to the Colorado Secretary of State’s website, was the buyer. ARA, a Newmark Company, Associate Saul Levy and Executive Managing Director Kevin McKenna represented the seller, […]
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Re/Max Commercial completed the sale of several properties. Among them: • 13540 Meadowgrass #205. The 5,238-square-foot office  property sold for $925,000 to NSP LLC, a  group of oral surgeons. Rob Rolley of Re/Max listed the property and Roger Hernandez of Carr Healthcare Realty was the cooperating broker. • 1831 Austin Bluffs Parkway. The 5,880-square-foot office […]
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All signs point toward a bullish housing market in Fountain. The city’s Economic Development Manager Kimberly Bailey said that Fountain is seeing its strongest speculative housing development in nearly 15 years — resulting from a historic regional demand for affordable residential real estate. “Right now we have about 3,200 housing plan submissions in the funnel,” […]
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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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