Archive for the ‘Real Estate’ Category
Downward pressure on commercial office building values is taking a toll on owners and landlords here and throughout the country.
It’s also opening the door to opportunity for cash-rich investors, according to a Council of Commercial and Industrial Management and the Real Estate Research Corp. study.
Data gathered from markets throughout the country showed that a commercial [...] [...]
Gold Hill Mesa Partners, the ownership group behind a 216-acre residential development on the city’s Westside, is waiting to hear from the U.S. bankruptcy court if it can buy back 46 single-family and multi-family lots it sold to John Laing Homes in 2007.
Laing declared Chapter 11 bankruptcy in February 2009, closing dozens of projects in [...] [...]
At least two of the largest lienholders in the Colorado Crossing development fiasco have discussed the possible takeover of the project from developer Jannie Richardson.
Jim Johnson, the CEO of G.E. Johnson Construction, of one of the companies owed money in the project’s collapse, said no firm plans have emerged from the talks but that his [...] [...]
Local ground-up commercial development has generated few, if any, headlines in the past couple of years.
Even the multifamily sector, with its improving occupancy rates and up-tick in rents, hasn’t seen a new apartment complex built in the last five years.
But there’s now some new activity to report.
Construction is about to begin on three new buildings [...] [...]
It would take roughly a decade before enough jobs could be created to fill the 10 million or so square feet of office and industrial space vacant in Colorado Springs.
That estimate, reflecting a consensus of Realtors surveyed by the Business Journal, is based on a simple calculation: it takes one new primary job to fill [...] [...]
Some of the numbers behind El Paso County government’s $25 million relocation into the old Intel site are changing — climbing by up to $4 million.
El Paso County commissioners learned in June that millions of dollars in unanticipated utilities infrastructure costs would complicate their otherwise solid contract to buy multiple buildings and a parking garage [...] [...]
There’s a glimmer of good news on the home sales front: the high-end market is picking up.
Between Jan. 1 and June 30, 14 homes priced at $1 million and up have sold in El Paso County. That’s compared to 11 homes sold at that price or higher in the same period of 2009.
In better news [...] [...]
Fifteen months ago, a private investment group headed by Colorado Spring’ own Schuck Corp. President Bill Schuck announced it would invest $400 million or more in an 90,000-seat auto racetrack and entertainment complex on 1,100 acres of land near the Denver International Airport.
A year later, the group has lined up financing, completed detailed schematics and [...] [...]
Could the Colorado Crossing project in north Colorado Springs soon spring back to life?
That seems improbable, at least in the short term, but a determined Jannie Richardson, the developer whose company filed for Chapter 11 bankruptcy protection, says she is working with a lender interested in financing her 150-acre mixed-use project.
“I can’t say anything yet, [...] [...]
Water issues in the Pikes Peak region, a high-desert plateau, have long made waves for homeowners and developers.
In the latest news from that front, the long-time general manager of the Cherokee Metro District, Kip Petersen, recently resigned after 11 years on the job. Within hours of that announcement in late June, former Sunset Metropolitan District [...] [...]
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