Foreclosures will continue to fall in 2012, leading to an improved real estate market for El Paso County in 2013. Public Trustee Tom Mowle said that there were fewer foreclosures in 2011, and he expects that trend to continue. There were 3,603 foreclosure starts in 2011, down 25 percent from 4,828 in 2010 and down […]
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Early next month, property owners in El Paso County will receive reappraisal notices from the assessor’s office, and the damage done to property values in the region from July 1, 2008 to June 30, 2010 will be starkly apparent. Just seeing those dates on paper is enough to make most property owners cringe, and it’s […]
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The level of outstanding commercial and multifamily mortgage debt grew by 3.4 percent during the second quarter of this year, according to the Mortgage Bankers Association’s Federal Reserve Board Flow of Funds data. The 3.4 percent increase brings the total debt to about $3.1 trillion, an increase of $103.8 billion from the first quarter. Multifamily […]
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Colorado Springs has seen a less active year for real estate, but it was back in 2000, according to the latest figures from Public Trustee Tom Mowle. Mowle reported that there were just 2,454 deeds released in October. Deeds are released when someone sells a home, refinances or pays off a mortgage, which Mowle has […]
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The General Assembly is considering a ban on a practice that is making at least one company millions: private transfer fees attached to real estate. Private transfer fees, usually between 1 and 3 percent of a property’s value, are added to a property and assessed every time it is sold for up to 99 years. […]
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The ITT Corp.’s Systems Division will lease 75,000 square feet in Corporate Office Properties Trust’s Patriot Park, at 655 Space Center Drive. The 180-acre office park is located at the intersection of Powers Boulevard and Highway 24 next to Peterson Air Force Base. Based in Colorado Springs, ITT’s Systems Division provides systems support and technical […]
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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 on Wednesday, Jan. 11.
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The mortgage interest deduction has been the tax break with nine lives, but the new, incoming Congress may pose an existential threat to the policy. The deduction has been up for dissolution under both the Reagan and Bush 43 administrations. President Reagan famously committed to the measure when he told the National Association of Realtors […]
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Following are the most expensive foreclosures in El Paso County for the week of Sept. 16.
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Forge Road leases

Denver-based Custom Environmental Services has leased 9,000 square feet of office/warehouse space at 4630 Forge Road. The company first opened its Southern Colorado regional office in Colorado Springs during 2001, said CES project manager Casey Waughtel. The firm, headed by regional manager Chris Cargill, focuses on 24/7 emergency response, asbestos, mold and lead remediation, as […]
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Ask any business executive about current economic conditions and you’ll hear a roll call of market illnesses that share the same symptom: uncertainty. There is no justification to hire when bottom-line growth is primarily a result of cost-cutting and layoffs, no reason to expand when talk of double-dip recession won’t die down, and it can […]
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Third-party investors bought three of 21 properties that sold at the El Paso County Public Trustee’s foreclosure auction this week. Old West Land Company bought an almost 1,400-square foot 2003 townhouse at 4373 Prestige Point for $100,518.20. The property, formerly owned by Samuel Levy is valued at $138,738 by the El Paso County Assessor. Levy […]
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