FYI: Large Ranches Read an interesting article in the May issue of Colorado BIZ on the remaining large tracts of land in Colorado — and who owns what. The Greenland Ranch has become a permanent development buffer between Colorado Springs and Denver – particularly on the west side of I-25. The 21,000-acre parcel (straddling both […]
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Lisa Ward has lived all over the country and changed her career path a time or two, but says she has found both a city and a job that she truly enjoys. After graduating college with a degree in graphic design, Ward worked in a veterinary clinic for a couple of years before going to […]
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It’s taking 10.5 months, on average, to sell a home in the Pikes Peak region. That’s the latest reading from ERA Shields Real Estate, based on the latest Multiple Listing Service data. While homes in the $150,000 to $325,000 range are selling in 7.3 months, single family houses priced from $325,000 to $700,000 are averaging […]
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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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By Teresa Carson Savvy business executives don’t like to leave money on the table, but few are taking advantage of big tax breaks available to companies located in Enterprise Zones. The EZ program provides tax incentives to encourage businesses to locate, expand and invest in areas of the state that are designated “economically distressed.” The […]
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If Colorado Springs is the land of honey, then developers are sticking to it. Circle Square Properties LLC of Brighton, Colo., bought 18.6 acres of land on the southeast corner of Circle Drive and Janitell Road for $2,834,994 from Recreational Investments and Management Inc. in Branson, Mo. The property is part of Harrison Business Park. […]
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The northeast quadrant of Colorado Springs might have reached the medical office saturation point during the past 18 months, but that doesn’t mean activity has stalled completely. Healthcare Realty Trust, investors in the two-building Briargate Medical on Briargate Parkway, across from Memorial Hospital North, announced last week that the newly completed campus will soon welcome […]
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Tim Beeson has been investing his retirement savings in real estate for almost two decades, and he has noticed he’s not alone anymore.
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The El Paso County Public Trustee’s Office finished the year with the fewest foreclosure starts since 2006 and the most deed releases – which occur when someone pays off their home over time, through refinancing or a private sale – since 2007. Mowle’s staff started 230 foreclosures in December. “While this is 18 more than […]
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Gold Hill Mesa Partners, the ownership group behind a 216-acre residential development on the city’s Westside, is waiting to hear from the U.S. bankruptcy court if it can buy back 46 single-family and multi-family lots it sold to John Laing Homes in 2007. Laing declared Chapter 11 bankruptcy in February 2009, closing dozens of projects […]
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While the investor with a contract to develop an $800 million airport business park has put its entire 1.1 million-square-foot portfolio of Colorado Springs office properties on the market, it’s retaining its interest in developing the airport project — for now. Corporate Office Properties Trust, a Maryland-based real estate investment trust that specializes in office […]
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Southeast Colorado Springs has become a hot spot for home sales between $200,000 and $300,000. “There is definitely an upswing of activity in that price range in the Southeast part of town,” said Joe Clement, owner of RE/MAX Properties Inc. “The rest of the city is having trouble in that price range because it has […]
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