Home » Archives by category » Real Estate

Report: Profit from flipping homes up

RealtyTrac, a leading source in the U.S. for comprehensive housing data, today released its Q4 and Year-End 2014 U.S. Home Flipping Report, which shows 136,269 U.S. single family homes were flipped in 2014, 5.4 percent of all single family home sales during the year — the lowest share of flips since 2011. A total of 32,578… Continue Reading Report: Profit from flipping homes up

Real estate trend tracker CoreLogic released data today indicating that nearly 900,000 single-family houses in the U.S. are at “high” or “very high” risk for wildfire damage, including 14,282 homes in Colorado Springs. The total homes, spread across 13 states, are estimated at $237 billion in reconstruction value, while the homes at risk in Colorado Springs… Continue Reading Report: Colorado Springs among cities with highest fire risk

Continue reading …
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

Continue reading …
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

Continue reading …
Discarded main streets symptoms of bigger issue

In 1985, Citizens Goals launched “Project 2000,” a community-based effort to find “creative solutions to the challenges affecting our quality of life in the Pikes Peak Region now and into the future.” The project focused on fears that badly planned and poorly regulated development would degrade the region’s quality of life. While the lengthy draft… Continue Reading Discarded main streets symptoms of bigger issue

Continue reading …
Commercial real estate moves

Weston Thomas of Colorado Springs Commercial brokered the sale of the 22,000-square-foot property at 2270 La Montana in Colorado Springs to the Island Cattle Company LLC. The sale price was $2.5 million. The seller was Montana Springs LLC, and the tenant broker was Matt Call from NavPoint Real Estate. Also, the Piñon Valley Industrial Park at… Continue Reading Commercial real estate moves

Continue reading …

FHA borrowers to save under Obama proposal

Comments Off
FHA borrowers to save under Obama proposal

President Obama last week proposed lowering insurance premiums on FHA-insured loans by 50 basis points, claiming this would save 250,000 borrowers an average of $900 annually in house payments. “The annual premiums on FHA loans, an especially popular source of financing for first-time home buyers, have increased five times since 2010,” according to an article in… Continue Reading FHA borrowers to save under Obama proposal

Continue reading …

Oasis apartments sold for $40 million

Comments Off
Oasis apartments sold for $40 million

Steadfast Apartment REIT bought the The Oasis, a 252-unit apartment community in Colorado Springs for $40 million. The transaction represents the REIT’s entry into Colorado. “We believe this property is well-positioned in a market experiencing mid-wage job growth that is much stronger than the U.S. average and has limited new apartment construction,” said Ella Shaw… Continue Reading Oasis apartments sold for $40 million

Continue reading …

Griffis/Blessing buys $45.5 million apartments

Comments Off
Griffis/Blessing buys $45.5 million apartments

Griffis/Blessing, Inc., purchased the Bear Valley Park Apartments in Lakewood Tuesday, Dec. 30. The sales price was $45.5 million. The Class A-/B+ community was built in 2003 and is comprised of 260 apartment units with an average unit size of 996 square feet. The community amenities include a newly renovated clubhouse, a swimming pool, a state-of-the-art… Continue Reading Griffis/Blessing buys $45.5 million apartments

Continue reading …

Debt higher in Colorado than national average

Comments Off
Debt higher in Colorado than national average

Average consumer debt in Colorado, excluding first mortgages, declined for the third consecutive quarter to $18,816, according to the Federal Reserve Bank of Kansas City’s latest Consumer Credit Reports. In Colorado Springs, 5.2 percent of mortgages are past due, or 30 days or more delinquent, including those in foreclosure, according to the Fed. Also, 2.5… Continue Reading Debt higher in Colorado than national average

Continue reading …
Page 1 of 60123Next ›Last »