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Polaris Pointe to include water park

Polaris Pointe to include water park

Nearly five years after Polaris Pointe (formerly Copper Ridge at Northgate) began as an urban renewal project in north Colorado Springs, businesses continue to slowly populate the development, including a large indoor water park and resort expected to open next year. Still without the infrastructure that was expected to support Polaris Pointe’s growth, developer/investor Gary… Continue Reading Polaris Pointe to include water park

InterQuest Parkway making snail’s progress

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InterQuest Parkway making snail’s progress

At its northernmost point, Powers Boulevard is met with a juxtaposition. By now, InterQuest Parkway was supposed to be a vibrant strip of hotels, entertainment venues, restaurants, offices and residences. Instead, semi-finished buildings left vacant for 10 years stand mere feet from new construction. Stymied by a stagnant economy and developer bankruptcy, associated players are… Continue Reading InterQuest Parkway making snail’s progress

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Palmer Lake inn sold

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Palmer Lake inn sold

Advanced Recovery Systems, a behavioral health care management company based in Fort Lauderdale, Fla., is in the final stages of purchasing the Inn at Palmer Divide in Palmer Lake. ARS treats people for substance abuse, alcoholism, addictions and eating disorders with related mental health treatment programs and centers. Allison Walsh, vice president of business development… Continue Reading Palmer Lake inn sold

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Business scene changes as clients age

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Business scene changes as clients age

The aging of America has had many impacts, especially on businesses. Local entrepreneurs have had to adapt their products and services to retain and expand their market share as their clients age. “It’s weird — I think the whole market is changing,” said Johnny Nolan, who owns two popular eateries in Colorado Springs, SouthSide Johnny’s… Continue Reading Business scene changes as clients age

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Commercial real estate looks stable

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Commercial real estate looks stable

Commercial real estate vacancies in Colorado Springs will continue to decrease, with steady, moderate growth in sales this new year, predicted Quantum Commercial Group, a leading commercial real estate leasing and sales firm here. “We’re all pleasantly surprised. The market isn’t as bleak as we all thought it was, and the numbers aren’t as bad,”… Continue Reading Commercial real estate looks stable

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Springs’ leases among lowest cost in U.S.

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Springs’ leases among lowest cost in U.S.

The growing reliance on cloud computing is reshaping traditional network computing and boosting demand for leased data center space in the U.S. For occupiers leasing a data center, Colorado Springs ranks among the markets with the lowest total project cost for leasing a data center, according to CBRE Group Inc. The CBRE Group, a commercial… Continue Reading Springs’ leases among lowest cost in U.S.

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Apartment sales remain hot in Q3

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Apartment sales remain hot in Q3

Multi-family housing sales in Colorado Springs have continued to increase in the first three quarters of 2014, driving the local market to new highs, according to a report by local apartment firm Commonwealth. “The Colorado Springs apartment market is on a record breaking pace,” Commonweath CEO Ron Spraggins wrote in the report. The sales of… Continue Reading Apartment sales remain hot in Q3

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West Bijou attracting investment, businesses

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West Bijou attracting investment, businesses

The new 80-room Holiday Inn Express at 105 N. Spruce St. is still selling out months after peak tourist season, according to Tadz Jarosz, assistant general manager. The hotel’s grand opening was in May, marking what could be a precursor of additional commercial development around West Bijou Street just off Interstate 25. Holly Trinidad, a… Continue Reading West Bijou attracting investment, businesses

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CRE market flat; investors pounce

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CRE market flat; investors pounce

The Colorado Springs commercial real estate market, according to a recent report, remained mostly flat in the third quarter of 2014. The Quantum Commercial Group Inc. quarterly report painted a picture of the market as one that has cooled in recent months and is being harvested by opportunistic investors attracted by good prices and low… Continue Reading CRE market flat; investors pounce

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Marijuana grow operations affect vacancies

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Marijuana grow operations affect vacancies

Vacancy rates in the industrial sector of commercial real estate in Colorado Springs continue to decline, due in part to marijuana grow operations here, say Realtors familiar with the issue. “Because of the medical marijuana and the need for space to grow plants, that has continued to cause a lower vacancy rate, both for opportunities… Continue Reading Marijuana grow operations affect vacancies

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