Cougar Canyon golf course receives national press (20098)

Filed under: real estate column |

Cougar Canyon golf course near Trinidad was selected as the “Best New Course” in Colorado by Colorado Avid Golfer magazine.

Builder/Architect magazine is featuring the Cougar Canyon golf course and master-planned community as a cover story in its summer issue.
The Jack Nicklaus-designed golf links, banked by the Sangre de Cristo mountain range and adjoined by an Energy Star-rated Cougar Homes development, is attracting prospects from as far away as California and as nearby as Pueblo and Santa Fe, N.M.
The 18-hole course also was named one of the “Top Ten New Courses You Can Play” in the United States for 2008 by Golf Magazine and “Best New Course” by Colorado Avid Golfer.
Plans call for a 117-suite hotel and spa, a community recreation center with fitness facilities, swimming pools, hot tubs, tennis courts, and an eight-mile walking and biking trail. The community is adjacent to 3,000 acres of private nature preserve.
If panoramic vistas sell property, the new community near Trinidad could become a popular destination.

Retail updates

MuttMasters, a full-service dog training school, has leased 5,083 square feet at 6225 Lehman Drive.
The company has been in business for nearly 30 years, and the new space will provide room for expansion.
Aaron Horn of Sierra Commercial Real Estate represented MuttMasters. Lori Ondrick and Mark Useman of Sierra represented the landlord, Lehman Joint Ventures.

Professionals lease offices

Dr. Joshua Erickson has purchased 2,954 square feet on the second floor of 8580 Scarborough Drive for $515,500 from Research Medical Office Building II. The pediatric orthodontist has scheduled his move-in for October.
Cascade Commercial Group represented the seller and Lonnie Wagner of NAI Highland Commercial Group represented the tenant.
Cascade Commercial Group also handled both sides of a transaction for Law & Mariotti Consultants Inc. The company is expanding its business and will occupy 2,043 square feet at 625 N. Cascade Ave.

Alamo Building adds tenants

Colorado Springs Legal Copy LLC has leased 631 square feet in the Alamo Building at 128 S. Tejon St.
Mark O’Donnell and Amanda Gaden of Sierra Commercial Real Estate represented the tenant and the landlord, Matterhorn Development LLC.
In related news, O’Donnell and Gaden represented Doug Price P.C., Bruce & Salt LLC, B.J. Fett and landlord Matterhorn Development LLC in the lease of 2,611 square feet in the same building.
The law firm of Shayne & Gaspar, represented by Ted Link of Cascade Commercial Real Estate, also leased 4,487 square feet of office space in the Alamo Building. O’Donnell and Gaden again represented the landlord.

Construction: $12B in 2007

Colorado’s construction industry employed almost 165,000 workers during May, or 7 percent of the state’s non-farm employment of 2.36 million people, as computed by the Bureau of Labor Statistics.
That represented a decrease of 2.5 percent from a year earlier.
Residential, non-residential and heavy construction infused $12 billion into the state’s $236 billion gross domestic product.
Ken Simonson, chief economist for the Associated General Contractors of America said the state’s overall average annual pay of $43,664 was nearly matched by the construction industry’s $43,219 average.
Colorado’s population grew by 2 percent from July 2006 to July 2007. That increase was the eighth fastest in the country, and double the national pace. Simonson said population usually drives the need for many types of construction.
Through 2005, Colorado boasted 19,000 construction firms, 90 percent of which employed fewer than 20 people.
University of Colorado at Colorado Springs senior economist Fred Crowley says that for every house not built, the local economy loses about four jobs. Today’s El Paso County construction employment numbers are close to 14,000, down several thousand from 2005 and 2006 peak levels.

Keller Williams changes

Premier Partners LLC, a Colorado real estate investment group led by Ed Leyba, Tony Greer and Charles D’Alessio, has purchased majority ownership in a Keller Williams franchise in southern Colorado.
Many agents in the area were anticipating some sort of merger in light of current market conditions. Keller Williams Partners and Keller Williams Premier make up the 160-member alliance.
Tony Greer, another of the franchise’s operating partners also operates a satellite office in Canon City.
Becky Hurley covers real estate for the Colorado Springs Business Journal.