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Craftwood Inn suddenly closes doors

The Craftwood Inn, a longtime staple of the Manitou Springs community, closed suddenly Sunday after more than 70 years in business. Owner Dave Symonds, who purchased the eatery at 404 El Paso Blvd. in 2003, was noticeably distraught Tuesday after shutting the Craftwood’s doors for what might be the last time. “It’s a real shame,”… Continue Reading Craftwood Inn suddenly closes doors

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Average rent continues to rise in Springs

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Average apartment rent rose in the Colorado Springs metro for the 16th consecutive quarter (year over year) at the close of 2013, according to a report released Friday by the Colorado Division of Housing and the Apartment Association of Southern Colorado. The report indicated that the average rent for Springs residents rose $9 (or 1… Continue Reading Average rent continues to rise in Springs

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The 137,900-square-foot Platte Airpark Center sold for $14.35 million, the broker announced this week. The five buildings are located at 320 to 480 N. Wooten Road. The buyer is Fairbridge Partners LLC, a national real estate investment trust, of Princeton, N.J. One of the listing agents, Andy Oyler of Quantum Commercial Group Inc., said the… Continue Reading Platte Airpark Center complex, medical office building sold

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Paid-off home loans decline over last quarter

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Paid-off home loans decline over last quarter

The number of home loans paid off in Colorado was down 28.2 percent from the fourth quarter of 2012 to the fourth quarter of 2013, but comparing the full year of 2013 to 2012, the total was up 13 percent. According to a report released Wednesday by the Colorado Division of Housing, public trustees in Colorado… Continue Reading Paid-off home loans decline over last quarter

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City, others could reshape Banning Lewis

Nearly nine decades ago, the Banning Lewis Ranch was created in the late 1920s, when heiress Ruth Banning and her husband Raymond “Pink” Lewis assembled more than 30,000 acres of land east of Colorado Springs. Ruth Banning raised prize Herefords on the property, and she was an exceptionally careful steward of the land. In 1948,… Continue Reading City, others could reshape Banning Lewis

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NavPoint sells building on Dublin Blvd. for $1.27M

NavPoint Real Estate Group has sold the building at 2805 Dublin Boulevard in Colorado Springs. The property was sold at a 7 percent capitalization rate in mid-January to Balbach Street Properties LLC for more than $1.27 million. That amounts to $144.20 per square foot of the 8,824-square-foot building. It was on the market 30 days.… Continue Reading NavPoint sells building on Dublin Blvd. for $1.27M

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Griffis to manage apartment complexes in Arvada

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Griffis to manage apartment complexes in Arvada

Griffis/Blessing Inc. will handle property management for The Flats at Sky Village and The Reserve at Oak Park, both located in Arvada and owned by Ruffner Properties LLC. The Flats at Sky Village is the larger of the two properties with 105 one- and two-bedroom apartment homes, whereas The Reserve at Oak Park has 42… Continue Reading Griffis to manage apartment complexes in Arvada

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Griffis/Blessing lands Academy Gateway deal

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Griffis/Blessing lands Academy Gateway deal

A Colorado Springs-based property management group will manage the Academy Gateway Retail Center near the intersection of North Academy Boulevard and Woodmen Road. Griffis/Blessing Inc. announced in a news release Thursday that the company will now manage the 28,285-square-foot shopping center at 7140-7190 North Academy Blvd. The leasing broker marketing the vacancy at Gateway center… Continue Reading Griffis/Blessing lands Academy Gateway deal

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Greccio, Family Life Services reach partnership

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Greccio, Family Life Services reach partnership

Greccio Housing and Family Life Services announced their partnership this week to bring additional housing to Colorado Springs. Family Life Services and its outreach ministry, Women of Courage, work to teach single mothers and their children life skills. Since 1990, Greccio Housing has specialized in developing and managing affordable multi-family apartments in Colorado Springs. Together,… Continue Reading Greccio, Family Life Services reach partnership

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New business model for real estate arrives in Springs

Grant Wise and his partners are bringing a different way of selling real estate to Colorado Springs. Wise Custom Realty is actively seeking Realtors in this area by offering a new business model that, Wise said, will result in more money in Realtors’ pockets. The end result for the consumer is no different than from… Continue Reading New business model for real estate arrives in Springs

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