Last week, Peterson Air Force Base and Tierra Vista Communities officials joined to celebrate the opening of the first of 597 new three and four bedroom homes to be completed on the Air Force base. Another 54 homes will be renovated to today’s standards.
Once completed, the six-year development plan will enable Airmen and their families to enjoy 20- to- 40- percent larger homes with upgrades including state-of-the-art energy efficient appliances, spacious kitchens with islands, increased storage, roomier master bedroom suites, home office space with technology niches and covered porches to expand indoor/outdoor living.
Meryl Large, a spokesman for the project, said a brand new, state-of-the-art community center will also be constructed in addition to community amenities including sports fields, playgrounds, and a splash park.
Energy efficient lighting, tankless water heaters and foam insulation to reduce energy loss and xeriscaping have also been introduced in the new home neighborhoods.
Construction began at Tierra Vista Communities in July 2007. A total of 31 homes have been completed to date and residents began moving in following an August 3 ribbon cutting event.
The Journeyman Plumbers and Steam Fitters Local Union 58 has purchased a 28,657-square-foot industrial building at 2870 Janitell Road for $2.2 million.
The union’s office was formerly at 229 E. Moreno St. and its apprentice training center was at 318 Karen Lane.
The seller, Precious Source, and the buyer were both represented by R.D. Trinidad and Tim Leigh of Hoff & Leigh Real Estate.
Discovery Christian Church, led by Pastor Greg Lindsey, has leased 10,560 square feet at 5850 Championship View, near Barnes Road and Tutt Boulevard.
The church was previously leasing space in a high school gymnasium, but made the decision to move into a full-time facility based on the congregation’s solid growth.
Lloyd Riphenburg of the Olive Real Estate Group represented the landlord, Thomas Investments LLC, and Chris Bury of CDF Consulting represented the church.
The National Wheelchair Basketball Association has purchased a 9,170-square-foot office building at 1130 Elkton Drive for $600,000 from the Eugene Carroll Trust.
R.D. Trinidad and Tim Leigh of Hoff & Leigh represented the buyer, and David Bacon and Aaron Horn of Sierra Commercial Real Estate represented the seller.
Master Maintenance Menders has purchased a 6,000-square-foot industrial building at 5930 Paonia Court for $460,000 from Paonia LLC.
Andrew Madden of Grubb & Ellis Quantum Commercial Group represented both the buyer and the seller.
He said the building and adjacent yard space was configured in such a way that the buyer had to make only minor modifications before move-in.
Development Associates International has leased 4,500 square feet of office flex space at 5170 Mark Dabling Blvd.
Andrew Madden and Russell Stroud of Grubb & Ellis/Quantum Commercial Group represented the landlord, CTL Thompson Inc. The tenant was represented by Tom Gallagher of Gallagher Commercial Group LLC.
In case there was any question about whether the return or reassignment of Fort Carson soldiers has been good for the local apartment market, take note.
Pat Stanforth, senior vice president, Multifamily Property Services for Griffis Blessing’s Property Services Group, said most of the multifamily properties managed by the company are leased from the mid- to- high- 90-percent levels.
Griffis Blessing manages about 3,500 multifamily units in 16 complexes throughout the Pikes Peak region, and so far, none are showing less than 90.3 percent occupancy rates. The Creekside, Bella Springs and Grand River — all Class A apartment complexes — showed 98 percent occupancies through July, while Sagebrook, Cottonwood and the Cheyenne Crossing apartments near Fort Carson in School District 12 all registered about 95 percent occupancy.
“You’re still seeing a little price sensitivity from tenants, but concessions are rapidly going away,” she said. “Some ‘B’ and ‘C’ communities — maybe a little older with fewer amenities — are still struggling to fill up, but some areas like the west side of (Highway) 115 stay very full most of the time.”
G.H. Phipps has finalized a strategic partnership with Terra Moya Aqua Global Wind Energy Systems — a manufacturer of wind energy systems that can be used by commercial industry, utility companies, small businesses and homeowners.
The company’s turbines — unlike the propeller-style windmills that dot the plains of eastern Colorado or western Kansas — offer advantages such as increased efficiency in power generation; ease of maintenance and operation; lower profile creating less visual pollution; no interference with aircraft navigation from magnetic field interference; quieter in operation; and no bird or bat casualties.
Production and market availability is scheduled for late summer.
Charlie Graft, CEO of G.H. Phipps, said the partnership is an integral part of an overall corporate commitment to green energy and technology.
Becky Hurley covers real estate for the Colorado Springs Business Journal.