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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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The Ivywild School development was envisioned as a gathering place in a historic neighborhood where people could sip a handcrafted beer, enjoy a meal or snack, buy locally grown food, go to a concert or attend a meeting. Since it opened in the summer of 2013, Ivywild, at 1604 S. Cascade Ave., has promoted redevelopment, […]
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Everyone likes the concept of one-stop shopping: get your gas, groceries and garbage bags at one superstore. That is the concept a group of already successful business owners put to work when they formed Office Now. Office Now combines communications, office furniture, copiers and printers, and even office space in one stop. IT Communications, Facilitek, […]
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A shortage of entry-level homes in the Colorado Springs market is making it harder for Millennials to fulfill their American Dream. “I believe there are more young people that would be buying homes now, if there was more affordable inventory available to do so,” said Tony Rose, broker and owner of Rose Real Estate LLC. […]
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One country’s distress may be another’s opportunity. While the U.S. real estate market has seen double-digit price decreases along some parts of the west coast, Florida or Las Vegas, European investors are keeping an eye on prime American real estate. One new Colorado luxury project, for example, recently made its way to a Danish investors’ […]
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The commercial office real estate market seems to have leveled off after a busy 2007, which means an increase in rental rates. Steve Bach of Bach Real Estate Partners reports that metro office leasing and absorption are both down as of 2007 year end, compared to 2006. The real vacancy rate, in contrast, is closer […]
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By Faith Miller – Colorado Springs Independent Editor’s note: This is the second part in a three-part collaboration with the Business Journal’s sister publication, the Colorado Springs Independent, exploring in depth the region’s affordable housing challenges. It’s impossible to know how many people have been affected by the affordable housing shortage in Colorado Springs — […]
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While local housing experts agree the rising rental costs in the Pikes Peak region need to be addressed, most do not believe the answer lies in a proposed legislative measure that would have allowed local municipalities in Colorado to set rent control policies. The controversial Senate Bill 225 is likely dead prior to its second […]
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