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Apartment sales remain hot in Q3

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

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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South Academy: still lots of contrasts

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South Academy: still lots of contrasts

For a corridor stuck in a quagmire, South Academy Boulevard has been attracting plenty of attention. Studies conducted by the city don’t paint a pretty picture of the residential and commercial areas bordering Hancock Expressway and Academy Boulevard. According to the corridor’s Great Streets plan published in May 2011, “shopping center vacancy rates for second… Continue Reading South Academy: still lots of contrasts

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Security-Widefield tries to fill vacancies

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Security-Widefield tries to fill vacancies

Carole Jackson of Security Florist used to bring her older flowers to the adjacent Dad’s Kwik Inn Diner at the end of each week. There her colorful contributions would adorn the tables. “We used to get customers often because of them,” she said of the now-vacant building at 385 Main Street in Security. According to… Continue Reading Security-Widefield tries to fill vacancies

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Hoff & Leigh subsidiary making waves

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Hoff & Leigh subsidiary making waves

A nice neighborhood; cheap property; tenants waiting in the wings. It’s as easy as Eight Nine Ten. Owned by RD and Holly Trinidad and her father Tim Leigh, Eight Nine Ten is a subsidiary of Hoff & Leigh Commercial Real Estate, a Colorado Springs-based, full-service brokerage. Eight Nine Ten has begun renovating its second acquisition… Continue Reading Hoff & Leigh subsidiary making waves

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Local commercial market continues slow ascent

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A Colorado Springs-based real estate firm’s quarterly report indicates that the local commercial market continues to lag behind many others in its climb to pre-recession health. Quantum Commercial Group LLC’s second-quarter market report showed vacancy rates are down in the office and retail submarkets, while they remain flat for industrial space. Quantum also reported that… Continue Reading Local commercial market continues slow ascent

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$4 million 1031 exchange completed for Springs retail property

The San Diego office of Colliers International announced the purchase of a 6,166-square-foot retail property at 1520 Briargate Blvd. for $4 million as part of a 1031 tax deferred exchange. This Chapel Hills Mall outparcel property is currently occupied by US Bank, which has a remaining 10-year lease. Rick Puttkammer of Colliers International represented the… Continue Reading $4 million 1031 exchange completed for Springs retail property

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A recent market report from Colorado Springs-based Quantum Commercial Group has indicated continued recovery for the local commercial real estate market — slow as it may be. Quantum’s first market report of 2014 reviewed data from the year’s first quarter, tracking flat or sluggish trends in the metropolitan area’s office, industrial and retail markets. But… Continue Reading Report: Commercial market continues to improve slowly

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