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Under construction: Banks on the move

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Under construction: Banks on the move

The banking business is booming in Colorado Springs to the point at which one bank has bought its own ground and is building two new buildings. A premier Colorado business bank has branched out to Colorado Springs, and two more are remodeling at current locations. Colorado Business Bank “For us, it’s a market we’ve been… Continue Reading Under construction: Banks on the move

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A recent market report from Colorado Springs-based Quantum Commercial Group has indicated continued recovery for the local commercial real estate market — slow as it may be. Quantum’s first market report of 2014 reviewed data from the year’s first quarter, tracking flat or sluggish trends in the metropolitan area’s office, industrial and retail markets. But… Continue Reading Report: Commercial market continues to improve slowly

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Area home sales down 6.4 percent

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Area home sales down 6.4 percent

Turning “For Sale” into “Sold” is a little tougher this spring, as competition among local home sellers heats up. Sales for the year are down 6.4 percent compared to the first four months of 2013 as inventory has increased, according to Colorado Springs Real Estate News. There are currently about 3,700 single family homes on the… Continue Reading Area home sales down 6.4 percent

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Report: Apartment rents higher in first quarter

Average apartment rents in the Colorado Springs area rose year over year for the seventh straight quarter during the first three months of 2014, according to a report by the Colorado Division of Housing. Average rents in the metro rose 4.3 percent to $822 from $787 during the same quarter of 2013, said the report,… Continue Reading Report: Apartment rents higher in first quarter

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Quantum sells office for $2.2 million

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Quantum sells office for $2.2 million

Quantum Commercial Group Inc. announced the sale of the 16,685-square-foot office space at 110 S. Sierra Madre to Maltz Enterprises. The sales price was $2.2 million, and the listing agent was Mary Frances Cowan, and the cooperating brokers were Bill Kennedy and Tim Seehafer at Red Rock Realty. The seller was Sierra Madre, LLC. In… Continue Reading Quantum sells office for $2.2 million

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Personal experience details buying a house

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Personal experience details buying a house

Buying a house can be thrilling, a major headache and stressful all at once for an extended period of time. It was all that and more for me, and I closed on my new house two days after Christmas. After all, it’s not every day you plunk down $2,500 in earnest money, much less a… Continue Reading Personal experience details buying a house

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Report: Year-over-year foreclosure down in January

While increasing from the month prior, Colorado Springs foreclosure rates decreased year-over-year in January, according to a report by real estate research firm CoreLogic. CoreLogic reported foreclosures in the Colorado Springs area dropped from more than 1 percent in January 2013 to .77 percent in January 2014, although that number increased .5 percent from December.… Continue Reading Report: Year-over-year foreclosure down in January

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Real estate sales, lease deals noted

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Real estate sales, lease deals noted

NavPoint Real Estate Group brokered the sale of 830 Tenderfoot Road, Suite 210, a 3,327-square-foot dental office condominium in southwest Colorado Springs. John Witt and Matt Call of NavPoint represented the buyer, and Nicola Myers-Murty and Randy Miller of Sierra Commercial Real Estate represented the seller. In related news, Greg Phaneuf and Peter Scoville of… Continue Reading Real estate sales, lease deals noted

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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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