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Norris-Penrose Event Center gets new look

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One of Colorado Springs’ favorite venues is undergoing a $2 million makeover and expansion – and that’s just the beginning, officials say.
Managed by the city and El Paso County for the past 30 years, the former Penrose Equestrian Center has catered primarily to rodeo events, concerts, Oktoberfest, home shows, automotive shows and to horse owners, providing facilities for equestrian sports, stabling, riding lessons and boarding since its construction in 1974. Continue Reading Norris-Penrose Event Center gets new look

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Serious buyers take title insurance seriously

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Title insurance is one of the issues that must be dealt with when purchasing a building. Unfortunately, a vast majority of buyers just throw the title commitment in the file without as much as a cursory review.
That is probably not the best course of action for the serious buyer.
The reason the title commitments are dismissed so quickly out of hand is that it looks like Greek. In reality, they are very easy to navigate. It just takes a little time to review them and make sense of what is written. Continue Reading Serious buyers take title insurance seriously

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When buying commercial property in Colorado with the assistance of a broker, more likely than not the state approved Contract to Buy and Sell Real Estate (Commercial) will be used.
This and the subsequent column will cover some of the more important aspects of that contract. If the reader cares to follow along, a copy of the contract noted above (CBS 2-7-04) can be downloaded from the Colorado Real Estate Commission Web site at www.dora.state.co.us/real-estate/contracts/CONTRACTSII.htm.
Right at the top of the contract is a bold disclaimer in all caps suggesting the parties to the contract should seek counsel before signing the contract. In any commercial transaction, it goes without saying that all parties should thoroughly understand the contract and its various implications. Continue Reading Watching, making the dates key to a commercial contract

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Colorado Springs Real Estate Briefs Nov. 22, 2002

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Earlier this week the Realtors Commercial and Industrial Society (RCIS) met at the former RockShox offices at 1610 Garden of the Gods Rd. for its November monthly meeting. The commercial and development community turned out in force for remarks by Bill Healy, the city’s new planning director. Based on early conversations with Healy, he’s ready… Continue Reading Colorado Springs Real Estate Briefs Nov. 22, 2002

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Colorado Springs Real Estate Briefs Nov. 15, 2002

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Judging by recent conversations with some of the commercial real estate community’s finest, the Pikes Peak region is suffering a few setbacks, but most brokers are busy. Foreclosures are up (29 recorded in the Daily Transcript this week), but savvy investors are poised for bargains – and new employers are still making announcements. Here’s hoping… Continue Reading Colorado Springs Real Estate Briefs Nov. 15, 2002

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Real Estate Briefs August 9, 2002

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No flowery prose today – there’s too much real estate news to pass on. From the opening of the 2002 Parade of Homes to the Urban Land Institute’s mid-year projections and a plethora of new transactions to report, the dog days of August will be anything but dull. HBA’s Parade of Homes Runs August 9-25… Continue Reading Real Estate Briefs August 9, 2002

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Last week’s Space Foundation Symposium at the Broadmoor Hotel attracted a myriad of top military leadership, aerospace companies, scientists and entrepreneurs. This year’s event exuded unparalleled intensity and enthusiasm. Lt. General Brian Arnold, USAF, outlined a number of the U.S. Air Force/U.S. Space Command projects on the drawing board – which must have revved the… Continue Reading Briefs: Military expansion may help vacancy rates+

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Redistricting discussions are building this week to a crescendo at the State Legislature. EDC, The Chamber of Commerce and the Pikes Peak Association of Realtors are all watching developments closely as the final determination could have major impact on El Paso County’s military installations and legislative bargaining in the future. Stay tuned for details on… Continue Reading Colorado Springs Real Estate Briefs Jan. 28, 2002

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Briefs: Economic Forecast Breakfast scheduled+

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The wheeling and dealing continues in Colorado Springs – a reassuring update in view of the current economy. Thanks to those all of you who submitted your many sales and lease reports this month. You guys have been working hard and could use a vacation! How about a few days in Cancun, Vail or Pebble… Continue Reading Briefs: Economic Forecast Breakfast scheduled+

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Businesses opposed to urban renewal plans

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Members of the Urban Renewal Authority patted one another on the back last week after finally resolving the relocation policy associated with urban renewal. However, some business owners and concerned citizens who attended the URA¡¦s board meeting were less enthused, crossing their arms and shaking their heads. ¡§They may have a great vision for what… Continue Reading Businesses opposed to urban renewal plans

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