Colorado Springs City Council voted down a resolution Tuesday that would have waived fees for downtown residential development in an attempt to support urban infill projects. Councilors voted 5-4 to kill the proposed amendment to a 1973 ordinance pertaining to fees for the creation of new parks and schools throughout the city. The amendment — […]
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Aloha…A Post- Vacation Perspective Just when you thought Colorado Springs was the only locality faced with environmental challenges (e.g., the Preble mouse), consider Kailua-Kona, Hawaii. The “Big Island” relies heavily on Highway 19 (which loops the entire island). Unfortunately, some parts of the highway narrow to two slow lanes near the coffee plantations. In an […]
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Seagate Properties just purchased its third apartment complex in the past 10 months in Colorado Springs. The California-based investment company bought Sunset Creek Apartments, a 310-unit apartment complex, located at 5400 N. Nevada Ave. The purchase price was $20.5 million. “Sunset Creek was an off-market opportunity to acquire a well-located, low-density community with great potential,” […]
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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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Usually in this space, we look at issues through an upbeat lens, helping readers see the positive aspects of the Colorado Springs-area business community. We think it’s important to make sure more people hear and learn about the good things happening in our midst. But sometimes it’s just as vital to share and analyze what’s […]
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The number of multi-family construction permits issued so far this year is at a nine year high, but that doesn’t mean there’s going to be a building boom. The Pikes Peak Regional Building Department has issued 18 permits for developers to construct 407 multi-family units so far this year, the highest number of units approved […]
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La Plata Communities is proposing an eight building, 128-unit apartment development on 12 acres adjacent to its upscale Cordera neighborhood, where home prices range from $300,000 to $800,000. La Plata sent an e-mail to Cordera residents inviting them to attend an information meeting last night from 6 to 8 p.m. at the Cordera Community Center, […]
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Following are the most expensive foreclosures greater than $200,000 that sold at the El Paso County Public Trustee’s foreclosure auction ...
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More than two-thirds of the 369 contractors, equipment distributors and industry service suppliers who answered a quarterly e-mail survey said they expect the economic downturn for the U.S. construction industry to last until the third quarter of 2011 or beyond, Wells Fargo Equipment Finance reported this week. Regarding the level of construction activity in their […]
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A new Brazilan steak house is set to break ground in the coming weeks at the First & Main shopping center on Powers Boulevard.
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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 resumé of the real estate developer behind the 2.8-million-square-foot Copper Ridge retail project includes no shopping-center experience. That’s why Northgate Properties CEO and President Gary Erickson sought out partners Kevin Hawkins and the Salt Lake City-based Woodbury Corp. Together they brought the depth of experience and capital-raising ability he was missing. They’ll need it. […]
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