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Apartment sales hot in local area

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Apartment sales hot in local area

Colorado Springs is the newest hot market for the sale of apartments, according to information from the El Paso County Assessor’s Office. The total sales volume of apartment complexes of more than 30 units between Jan. 1 and July 1 in the county topped more than $273.5 million. That compares with a sales volume in… Continue Reading Apartment sales hot in local area

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Griffis/Blessing to manage Village Terrace

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Griffis/Blessing to manage Village Terrace

Griffis/Blessing was selected by Nevada Ventures to provide property management services at Village Terrace, a retail establishment located at 106 East Village Terrace in Woodland Park. Paradox Beer, Jazzercise and Kempo Karate call the 17,040-square-foot building home. “We are very happy with this selection as it is a great addition to our portfolio and a testament… Continue Reading Griffis/Blessing to manage Village Terrace

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Foreclosure activity down

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Foreclosure activity down

Foreclosure activity in Colorado is at its lowest since the housing bubble burst in August 2006, according to RealtyTrac.com, a leading online marketplace for real estate data. A total of 613,874 properties in the U.S. Have defalt notices in the first half of 2014, a 19 percent decrease from the previous six months and down… Continue Reading Foreclosure activity down

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Ron Spraggins, founder and CEO of Commonwealth, Colorado Springs’ oldest apartment brokerage and research firm, announced the sale of Pueblo’s Belmont Square Apartments to a large buyer from Chicago for $5.2 million. The Spraggins team represented both the buyer and the seller in the sale of the 138 unit complex. The apartments are located south… Continue Reading Springs broker involved with $5.2 million Pueblo deal

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How vital is your neighborhood to your well-being? How would you describe your neighborhood to someone looking to relocate? How would you rate your neighborhood’s social, physical and economic climate? Economic — Are there businesses located within a few miles of your home? Do you have choices for going out to eat nearby? Are you… Continue Reading Let’s plan together for a sustainable future

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Quantum brokers building sales

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Quantum brokers building sales

The 104,439-square-foot building at 5575 Tech Center Drive sold recently for $5.9 million, according to Quantum Commercial Group. The listing agents were Frank Tuck and Randy Dowis of NAI Highland and CIII, while the cooperating broker was Michael Palmer of Quantum. Quantum also reported the sale of 550 State Highway 105 in Monument for $1.45… Continue Reading Quantum brokers building sales

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Report: Home prices up nationally, regionally, locally

California-based property information company CoreLogic reported Tuesday that home prices increased nationally by 8.8 percent in May since the same time last year. Colorado Springs also saw an year-over-year increase of 5.2 percent in May, according the company’s May CoreLogic Home Price Index report. That rate also increased from April 2014 by 1.7 percent. As… Continue Reading Report: Home prices up nationally, regionally, locally

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Median home sales price increases

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Median home sales price increases

The median sales price of U.S. Residential properties, including distressed and non-distressed sales was $180,000, up 6 percent from the previous month and up 13 percent from a year ago. The figures are from RealtyTrac, a leading source for comprehensive housing data. The median price of distressed sales, those properties in the foreclosure process or… Continue Reading Median home sales price increases

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Report: Colorado May foreclosures down 31 percent

Foreclosure filings were down 31.4 percent in Colorado last month, falling since last year to the lowest level seen in May since 2007, according to a report by the Colorado Division of Housing. The number of filings dropped from 1,113 to 763 between May 2013 and May 2014. “We’re looking at an eight-year low for May foreclosures,… Continue Reading Report: Colorado May foreclosures down 31 percent

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City lags at the wrong time

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Usually in this space, we look at issues through an upbeat lens, helping readers see the positive aspects of the Colorado Springs-area business community. We think it’s important to make sure more people hear and learn about the good things happening in our midst. But sometimes it’s just as vital to share and analyze what’s… Continue Reading City lags at the wrong time

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