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Nor’Wood Development Group is diving head-first into the apartment business for the first time since the company’s infancy. It is partnering with Irvine, Calif.-based Western National Realty Advisors to build four apartment complexes with at total of 1,075 units in Colorado Springs and Fountain. “We were involved in the apartment business many, many, many years […]
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Approximately seven years after the bubble burst heard ’round the world, residential real estate in Colorado is making a comeback in a big way. Demand is up and supply is down statewide, leading to increased residential property values and a market, depending on which side of the Palmer Divide you’re on (see sidebar), that’s one […]
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City planners have big dreams for a six-mile stretch of Academy Boulevard. Now all they need is the dough. This past week, the Academy Boulevard Great Streets team, led by Project Manager Carl Schueler, presented designs from an eight-month study on how to repurpose Academy Boulevard through rapid transit, improved roadway configurations and amenities such […]
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The Pikes Peak Library District paid cash for a former MCI building on the north end of town Tuesday with plans to move its Briargate branch and administration offices. The library district paid $3.75 million for the 112,883-square foot building at 1175 Chapel Hills Drive. That’s about $33 per square foot, said library CFO Mike […]
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News this week that the Colorado Springs Housing and Building Association landed a new spot for its home show served as a reminder that the Phil Long Expo Center will no longer be available for trade shows. The Springs Church purchased the building in October, and has already begun services at the 90,000-square-foot space. The […]
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Smaller homes with fewer bedrooms and bathrooms may be fine in a tight economy, but bigger isn’t going out of style any time soon. That was Classic Homes’ President Joe Loidolt’s reaction to just-out National Association of Home Builders’ study that said homes built in 2009 were almost 100 square feet smaller than those completed […]
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Masterbilt Homes Introduces Fresh Concept Every once in a while a homebuilder steps outside the box and starts a completely new trend. Jack Weipking, president of Masterbilt Homes, certainly gets credit for taking a very large step in introducing the Pikes Peak region to Traditional Neighborhood Design (TND), which has evolved around the country as […]
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Recent headlines about tighter residential mortgage and lending requirements might suggest that commercial real estate lending is in the same boat. That’s just not the case, says Terrix Financial Principal Brandon Rogers. “It’s actually loosening quite a bit,” the Denver-based lender said. Rogers said the shift has occurred not only among banks and commercial lenders […]
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Colorado Springs architects are leading an effort to create an action plan to redefine the character of the city. The American Institute of Architects Colorado South chapter is seeking volunteers to participate in a three-day workshop Sept. 26-28 with a team of renowned architectural and community-building advisors to discuss sustainable design in Colorado Springs. The […]
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Construction, operation and maintenance of commercial real estate properties accounted for more than 10 percent of Colorado’s total economic output during 2007. Independent researchers commissioned by the Colorado chapter of the National Association of Industrial and Office Properties or NAIOP-Colorado, found that the state’s commercial real estate sector generated $24.3 billion in direct and indirect […]
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A quick internet search at the downtown public library easily yields a long list of potentially empty homes for a squatter to invade. Houses for sale as well as rental and vacation properties can be easy targets, according to Alex Yoder, director of residential management at Dorman Real Estate Services. “Anyone can just go online, […]
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The Palisades at Broadmoor Park was purchased earlier this week, although the sale isn’t final. The assisted living facility located northwest of Colorado Highway 115 and South Academy Boulevard was purchased by Irvine, Calif.-based MBK Senior Living, a real estate group specializing in senior assisted living centers.  The sale isn’t yet listed on the El Paso […]
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