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Entries posted by becky.hurley
Reporter for the Colorado Springs Business Journal covering real estate, construction and other topics related to small business.

An extended moratorium on home mortgage foreclosures could wreak havoc on the title insurance business. Even if banks quickly resume in pressing ahead with foreclosures, some buyers are likely to hesitate buying a home out of foreclosure amid concerns about ownership. A title insurance policy is issued whenever a home changes hands, guaranteeing that the… Continue Reading Foreclosure crisis has chilling effect on buyers, title companies

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“Many options” await USA Basketball

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This week’s news that USA Basketball will not move to Glendale, Ariz. leaves the door open for new possibilities, including staying put. Spokesman Craig Miller said that the national sports governing body has owned its Colorado Springs headquarters building at 5465 Mark Dabling Blvd. since 1993. “We can accomplish much of what we need here,… Continue Reading “Many options” await USA Basketball

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The Colorado Public Defender’s office has been located in Colorado Springs at 412 S. Sahwatch St. for years. That’s about to change. Next April the state’s legal team will move to 19 N. Tejon St. in a 14,200-square-foot building owned by a partnership headed by Sam Guadagnoli. Spokeswoman Noorie Spooner emphasized, however, that all of… Continue Reading Public Defender’s office moving to Tejon Street

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Value of Colorado M&A activity up

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Colorado’s mergers and acquisition activity in the first three quarters of the year totaled 45 deals worth $32.9 billion. The value of deals was up 89 percent for the same period, but deal count – the number of transactions closed for the period – was off by 15 percent from 2009, according to the Financial… Continue Reading Value of Colorado M&A activity up

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In 2008 USA Basketball officials announced that the organization planned to leave Colorado Springs for a new headquarters near the University of Phoenix stadium in Glendale, Ariz. Today, the plans are the equivalent of an air ball. The project was scheduled to be completed this year, but ground has not been broken  because the developer… Continue Reading A chance for the Springs to keep USA Basketball?

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Historic inn’s loan up for auction

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The Cheyenne Canon Inn, located near the entrance to North Cheyenne Canon Park and the Pike National Forest, is part of portfolio of nonperforming loans being auctioned online by New York-based Carlton Exchange, after its owners failed to keep up mortgage payments. Co-owners Kevin Cook and Claudia Tutt have owned the historic bed and breakfast since… Continue Reading Historic inn’s loan up for auction

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Staffing employment at historic high

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Job hunters might want to sign up with a local staffing company if they want to increase the chances they’ll get hired. September showed the highest year-over-year staffing employment growth since the U.S. Bureau of Labor Statistics began tracking staffing in 1991, according to Friday’s American Staffing Association report. Placements through staffing companies rose 0.8… Continue Reading Staffing employment at historic high

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Hundreds, if not thousands, of Colorado homeowners who are behind on their home mortgage payments will get a borrowers’ time-out, thanks to Bank of America’s decision to freeze all foreclosure cases in its portfolio. And if other banks follow Bank of America’s lead, many more Coloradans could get the same breather. Exactly how many isn’t… Continue Reading Foreclosures: A reprieve for some Colo. homeowners

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Sue Hamilton, who has worked at newspaper publishing companies throughout the U.S., has joined the Colorado Springs Business Journal as advertising director. Hamilton for the past two years served as the national sales manager for Media Marketing Inc., a Boulder software company that serves the newspaper business. “The Colorado Springs business community is sophisticated —… Continue Reading Business Journal hires new advertising director

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The latest multifamily market report indicates that vacancies in the Springs have stabilized and, in newer communities, are beginning to increase. That’s in sharp contrast to two years ago when double-digit vacancy rates were common in some neighborhoods, and rents, while generally flat, were accompanied by frequent incentives. Today’s third-quarter vacancy rates — a metric… Continue Reading Springs apartment vacancies are stabilizing, report says

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