Colorado Springs Business Journal » Blog Archive » Big supply, no demand: Vacant land returning to market

Big supply, no demand: Vacant land returning to market

by Mike Reid

Published: November 20,2009

Time posted: 9:16 am

A growing number of platted and undeveloped vacant tracts of land in the Pikes Peak region, originally scheduled for residential and commercial building, are returning to lenders. The numbers are surprising even to veteran brokers, now charged with listing and selling foreclosed properties for banks and lending institutions. Grubb & Ellis Quantum Commercial Group managing broker Dale ...

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