A major contributor to the Great Recession of 2008-2009 was the decline in home prices. For the average household, the equity in their home is their largest asset, comprising a significant portion of their wealth. Wealth dropped an unprecedented $17.5 trillion over the seven quarters between mid-2007 and early 2009. We...
Earlier this week the Realtors Commercial and Industrial Society (RCIS) met at the former RockShox offices at 1610 Garden of the Gods Rd. for its November monthly meeting. The commercial and development community turned out in force for remarks by Bill Healy, the city’s new planning director. Based on early conversations with Healy, he’s ready […]
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Judging by recent conversations with some of the commercial real estate community’s finest, the Pikes Peak region is suffering a few setbacks, but most brokers are busy. Foreclosures are up (29 recorded in the Daily Transcript this week), but savvy investors are poised for bargains – and new employers are still making announcements. Here’s hoping […]
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As the drought afflicting Colorado Springs and much of the rest of the state continues, tempers are hot over a deal in which the city utility sold an additional three million gallons of water to irrigate a golf course. The Broadmoor Hotel was sold city drinking water to irrigate its golf course while the rest […]
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Just 18 months ago, the Colorado Springs market was flush with telecommunications providers, but something went awry. The fledgling companies started falling by the webside. One of the survivors is Vanion Corp. Why did Vanion succeed when so many others did not? And now, even as other technology companies announce...