When Erik Davidson talks to a room full of millionaires, he has their undivided attention. That was certainly the scene May 18 at Cheyenne Mountain Resort when Davidson offered financial advice to some of the Pikes Peak region’s wealthiest investors. Davidson, who is Wells Fargo’s chief investment officer, is accustomed...
Colorado Springs’ lodging occupancy rate increased by 3.3 percent over 2013, year-to-date, according to the Colorado Hotel and Lodging Association’s Rocky Mountain Lodging Report. The rate, which is just below 66 percent, is below the state average occupancy rate of 71 percent, however. The highest reported occupancy rate was Loveland at 81.1 percent. The lowest reported […]
Colorado Springs ranks in the top 20 “best-run cities,” according to the website 24/7wallst. The article ranked the top best- and worst-run cities in the nation – San Bernadino is the nadir, and Plano was the zenith. In between, Colorado Springs ranked 14th on the best-run list, besting cities like Boston and Portland, Ore. In […]
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 […]
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 […]
Colorado Springs is set to have one economic development organization – one that combines the efforts of the Economic Development Corp. and the Chamber of Commerce. After an meeting Tuesday that lasted more than six hours, the two groups voted unanimously to merge operations – at least in principle, said Bill Hodgkins, board president for […]
Economic news released last week showed divergent signs about the national economy. On one hand, consumer confidence was increasing, but on the other hand, consumer spending was decreasing. “I looked at that and scratched my head,” said economist Tucker Hart Adams of Summit Economics. Consumer spending fell in July for the first time in six […]
Jovial best describes the mood of the audience and Tom Naughton, Southern Colorado regional president, at a recent U.S. Bank Economic Forum breakfast at the Antlers Hilton. Norman Alvis, senior portfolio manager for the bank, zipped through an investment outlook that kept people on the edge of their seats. Some highlights: Markets move in phases. […]
A Colorado Springs-based real estate firm’s quarterly report indicates that the local commercial market continues to lag behind many others in its climb to pre-recession health. Quantum Commercial Group LLC’s second-quarter market report showed vacancy rates are down in the office and retail submarkets, while they remain flat for industrial space. Quantum also reported that […]
Frontier Airlines will stop all flights out of Colorado Springs in April. The Colorado Springs Airport was notified this week that Frontier Airlines will discontinue its service in Colorado Springs. The move follows an announcement in mid-January, when Frontier announced that it would reduce its service in an out of the Colorado Springs Airport during […]
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 […]
Is Colorado Springs finally emerging from its long economic funk? Are we at last moving forward into the broad, sunlit uplands that Winston Churchill believed awaited England once Nazi Germany was vanquished? It took England decades to shake off the wounds of war, shed its colonial empire, restructure social and...