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Two bank-owned foreclosure properties have been purchased by a partnership group that includes Greccio Housing, Partners in Housing and Rocky Mountain Community Land Trust. The purchases were made possible by federal Housing and Urban Development Neighborhood Stabilization Program grants. The partnership purchased Bentley Commons for $1.7 million from Bank of the West. The property, at… Continue Reading Greccio adds to multifamily portfolio with foreclosure purchases

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McMansions losing their appeal

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“Jewel box” homes — well-appointed new homes, often on smaller lots with floorplans ranging from 1,000 to 2,500 square feet — represent a growing trend in residential real estate, but are price-sensitive homebuyers who face tough lending criteria also asking for green and sustainable construction and features? While the days of 4,000-, 5,000- or 10,000-square-foot… Continue Reading McMansions losing their appeal

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Attorney Lindsay Fischer said this morning that he intends to appeal District Court Judge Scott Sells’ decision to dismiss his suit against the city. “I suppose if someone came into the office and held a gun to my head and said ‘don’t appeal,’ I wouldn’t,” Fischer said, “but otherwise I’m going ahead.” Fischer sued to… Continue Reading Fischer to appeal USOC decision

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Many readers who are likely accessing today’s CSBJ Daily from a laptop or handheld device can appreciate this piece of news that appeared in an October 1989 edition of the Business Journal: Apple introduces Macintosh portable Apple computer has introduced its version of the “totable” Macintosh machine. Retailing for about $6,000 and weighing approximately 16… Continue Reading Apple computers have slimmed down during last 20 years

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Springs not on economic ‘hardest hit’ list

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The Bureau of Economic Analysis has ranked the “hardest hit” metropolitan areas in the nation during 2008. Colorado Springs is not on the list, but Grand Junction, with a gross domestic product growth rate of 12.3 percent, claimed the top spot on the list of metropolitan areas with the highest GDP growth in the nation. In all… Continue Reading Springs not on economic ‘hardest hit’ list

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A majority of Colorado voters surveyed by the Colorado Policy Institute say the Taxpayer Bill of Rights should be repealed. Fifty-five percent said the measure, which was intended to curb runaway tax and spend habits,  has hamstrung the state budget and it should be done away with. The survey also showed that 48 percent of those polled believe… Continue Reading Survey: TABOR should be repealed

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On Oct. 7, the El Paso County Department of Health and Environment will temporarily close its two clinics that provide immunizations for school children, youth sports athletes and those planning to travel overseas. The staff members are needed to help administer swine flu vaccinations. Re-opening dates have not been determined, but in the meantime, those needing… Continue Reading Shot clinics for athletes, overseas travelers close temporarily

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Hours after attorney Lindsay Fischer filed a 25-page response regarding his lawsuit against the City of Colorado Springs alleging that the city’s plan to issue certificates of participation secured by a fire station and the Police Operations Center is illegal, District Judge Scott Sells threw out the suit. In a brief order characterizing the COPs… Continue Reading Judge throws out Fischer’s USOC lawsuit

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Attorney Lindsay Fischer filed a 25 page response yesterday in his lawsuit against the City of Colorado Springs, which alleges that the city’s plan to mortgage the Police Operations Center and Fire Station 8 and use the proceeds to pay for the proposed retention package for the U.S. Olympic Committee is illegal. Fischer filed the… Continue Reading Fischer files response in USOC case; judge may rule tomorrow

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Toys R Us pop-ups planned

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In response to a vacancy created by the departure of KB Toys last year, Toys R Us plans to open about 350 “pop-up” stores or kiosks in malls throughout the country this holiday season. The Associated Press reported that this is the first time the company has opened such stores to reach customers for its… Continue Reading Toys R Us pop-ups planned

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