Several hundred business and community leaders listened intently last week as four local experts on the Springs economy shared economic insights at the annual Institute of Real Estate Management (IREM) Economic Forecast Breakfast Tuesday, Feb. 29. Mike Anderson, Director, City Office of Budget and Financial Analysis; Doug Carter,...
A financier’s point of view In a recent article for Commercial Investment Real Estate (CIRE), Benjamin Nummy, vice president with Morgan Stanley takes a look at real estate financing for today’s surviving technology ventures and dot.coms. He warns that the amount of vacant office square footage will increase dramatically in...
This week the Colorado Springs Business Journal visited with a multi-discipline group of brokers from Palmer-McAllister, a local firm handling more than 300 office/commercial, retail, industrial, land sales and investment transactions annually. The following are a few of their observations and their forecasts for 2002.Office: Kent Mau (Senior Managing Director),...
Redistricting discussions are building this week to a crescendo at the State Legislature. EDC, The Chamber of Commerce and the Pikes Peak Association of Realtors are all watching developments closely as the final determination could have major impact on El Paso County’s military installations and legislative bargaining in...
Although Colorado Springs’ industrial building space saw significant slowing in 2001, rental rates haven’t slipped appreciably compared to most major Southwest cities. Stalled technology sectors disrupted the Pikes Peak region’s industrial market and created a negative absorption rate between 2000 and 2001, according to the Grubb & Ellis/Quantum Commercial Group’s...
When F.W. Dodge speaks, the architectural, engineering, and construction industries listen. This was evident last week when company representatives presented their U. S. Construction Industry Outlook for 2002 to an attentive group of more than 100 A/E/C professionals in Denver. Mark Shaw, Senior Managing Editor of Colorado Construction...
The wheeling and dealing continues in Colorado Springs – a reassuring update in view of the current economy. Thanks to those all of you who submitted your many sales and lease reports this month. You guys have been working hard and could use a vacation! How about...
With vivid memories of an up and down 2001 behind us, the New Year looks promising. Recession fears, though real, are subsiding as the word, “recovery” is popping up among some economists. The country may not be completely out of danger, but the business and real estate communities have...
With only a desk in the basement and a dream for financial independence, Tom Colwell gambled with his future. At the age of 52, he quit his job as president at Van Schaack Realty to grow his own real estate company. Now, eight years later and a successful business...
Before a couple hundred single-family homes could join the pristine wildlife on an estimated 130-acre plot of land near the Big Johnson Reservoir, developers would have to overcome myriad obstacles. The biggest question, however, may be why anyone would want to live there in the first place. The area...
Late hours at the office might be more fun, if one works in the office of the future. Jetson-like furniture and new technology is part of 2010 Work design, a nonprofit corporation primarily run by OfficeScapes-Scott Rice, which along with RNL Design has developed the project since 1997. The...
Recession? That was the buzz word on the lips of two economists from the Federal Reserve Bank of Kansas City, Mo., during their presentations at the 2001 Colorado Economic Forum at the Antler’s Adam’s Mark Hotel on Tuesday. C. Alan Garner, the bank’s assistant vice president and economist, discussed the...