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Debt higher in Colorado than national average

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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

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Real estate deals here total $4.8 million

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Real estate deals here total $4.8 million

The Kameron Family Partnership sold its 34,182-square-foot shopping center at 750 Garden of the Gods Road for $2.9 million. Michael Helwege of Colorado Springs Commercial was the sales broker. The new owner is Vieux Carre Holding Company, a firm founded in May this year with an address in Castle Pines and a registered agent named… Continue Reading Real estate deals here total $4.8 million

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Redfin real estate expands to the Springs

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Redfin real estate expands to the Springs

Redfin, a “customer-first” real estate brokerage firm will branch its home-buying and selling services to Colorado Springs. People can now work with Redfin agents to buy and sell homes in El Paso County as well as Monument, Palmer Lake, Woodmoor, Black Forest, Falcon, Fountain, Security-Widefield and Woodland Park. “We’ve been eager to extend our services to… Continue Reading Redfin real estate expands to the Springs

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Springs’ leases among lowest cost in U.S.

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Springs’ leases among lowest cost in U.S.

The growing reliance on cloud computing is reshaping traditional network computing and boosting demand for leased data center space in the U.S. For occupiers leasing a data center, Colorado Springs ranks among the markets with the lowest total project cost for leasing a data center, according to CBRE Group Inc. The CBRE Group, a commercial… Continue Reading Springs’ leases among lowest cost in U.S.

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Real estate transactions completed

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Real estate transactions completed

Marty Chase, Realtor with Weichert Realtors, was the buyer’s agent in the sale last month of three vacant land parcels in El Paso County, including 38 acres at the Forest Meadows subdivision. Colorado Morley Returns sold the 38 acres to Dillondon, and Craig Anderson of NAI Highland represented the seller. The sales price was $731,220. Terra… Continue Reading Real estate transactions completed

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Nor’wood buys Banning Lewis

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Colorado Springs-based Nor’wood Development Group announced Thursday it finalized its purchase of Banning Lewis Ranch, a transaction months in the making. Nor’wood had been under contract since June to purchase around 18,000 acres of the property from Texas-based Ultra Petroleum. Ultra, which paid $20 million for the property, sold Banning Lewis to Nor’wood for a reported $28… Continue Reading Nor’wood buys Banning Lewis

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Feffer’s seen decades of change here

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Feffer’s seen decades of change here

After graduating from the University of Arizona with a marketing degree, Gary Feffer began working at Goldwater’s Department Store, pursuing his dream of being a haberdasher. After comparing his life with that of his friends, he moved north to pursue commercial real estate. He is married and has four children: Sophie, Army, Davis and River.… Continue Reading Feffer’s seen decades of change here

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Bankrupt developer Jannie Richardson was jailed Oct. 3, accused of felony theft after persuading a man described as an “elderly, confused business associate” to write “checks on her behalf” totaling at least $970,000. He had previously invested $7 million with Richardson in other business ventures, none of which has been returned. Bond was set at… Continue Reading Richardson held in alleged felony theft

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Quantum announces property transfers

Tech 6, the commercial property at 5575 Tech Center Drive in Colorado Springs, was sold recently for $5.93 million. The office has a size of 104,439 square feet. The listing agents were Frank Tuck and Randy Dowis of NAI Highland and CIII. The broker was Michael Palmer of the Quantum Commercial Group. Another property, this… Continue Reading Quantum announces property transfers

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Annual dinner champions conservation

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Annual dinner champions conservation

Registration for Palmer Land Trust’s fifth annual Southern Colorado Conservation Awards (SCCA) is open. Register online at palmerlandtrust.org. The event features a farm-to-table dinner and a film highlighting the work of this year’s winners. The event will take place Thursday, Oct. 16, at 5 p.m. at the Cheyenne Mountain Resort, 3225 Broadmoor Valley Road. Each… Continue Reading Annual dinner champions conservation

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