CBRE’s Colorado Springs office announced three new leases signed at Colorado Square in downtown Colorado Springs. Located at 2 N. Nevada, Colorado Square is a 244,068-square-foot Class A mixed-use property owned by DPC Development Company of Greenwood Village, the company said in a press release. The three new tenants are: DOMOREGOOD | Hanon McKendry, a […]
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While 2016 is proving to be another record-breaking year for the local residential real estate market, the increasing likelihood of mortgage rate hikes is creating uncertainty for some and opportunity for others. Although November saw a slight dip in home sales, monthly sales grew 46.7 percent above the same time...
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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Griffis/Blessing Inc. purchased Colonnade Apartments in Aurora recently for $16.25 million and took ownership today, Oct. 30, after managing the community for its previous owner since January.  CBRE was the listing broker, and Brady O’Donnell of CBRE arranged the FMAC mortgage. Built in 1984, the 138-unit garden-style community consists of one- and two-bedroom floor plans, […]
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CoreLogic, a global property information, analytics and data-enabled services provider, announced that home prices in the United States increased 6.8 percent in October from last year, and 1 percent from September 2015. At 10.5 percent, home prices in Colorado increased more during the past year than any other state. Home prices in the Colorado Springs market increased […]
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Local investors are now competing against institutional money at the El Paso County Public Trustee’s foreclosure sales. Two out-of-state investors have been bidding on foreclosures at the local sales. Colony American Homes, an Arizona-based unit of Colony Capital LLC, headquartered in Santa Monica, Calif., buys homes and rents them out while they appreciate. Granite Ranch […]
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In the rapidly growing and competitive housing market, companies nationwide are finding it necessary to innovate in order to entice potential homebuyers to purchase properties. Toward that end, Colorado Springs-based homebuilder Vantage Homes recently introduced a new method for viewing and touring its many model homes — without even setting foot outside. On March 1, […]
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Alturas at Bell Tower sold this week for $9 million, the equivalent of $151, 000 for each unit. Brokers Kevin McKenna and Saul Levy of ARA, a Newmark Company, represented the sellers of the apartment complex at 1130 Bell Tower Heights. Capital Real Estate – Alturas LLC of Denver bought the 60-unit complex from Desirable Holdings LLC, […]
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Commercial real estate in Colorado Springs is coming back, with downtown office properties’ occupancy and lease rates remaining more stable and consistent than other sectors. “It’s a fairly small marketplace, and the profile of users downtown is also stable — accountants, law firms, investment firms. The type of tenant that wants to be downtown has […]
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The CoreLogic office of the chief economist published its 2016 Outlook for Housing, which provides predictions and forecasts for the housing economy. According to Dr. Frank Nothaft, senior vice president and chief economist at CoreLogic, the nation can expect to see the following five features in next year’s housing market: Interest rates will gradually move […]
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Improved home sales in the Pikes Peak region have bucked the national downward trend, according to figures from the Pikes Peak Association of Realtors and the National Association of Realtors. In the Pikes Peak region, sales of single-family homes increased to 870 in February, up from 849 in January. Condominium sales also increased, to 131 […]
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The Colorado Springs commercial real estate market continued to see slow growth during the first quarter of 2015, with land investments and planned development spurring the region’s hope for cross-cutting growth in the year to come, according to Quantum Commercial Group’s quarterly report. The report, released this week by the Colorado Springs-based real estate firm, […]
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