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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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Apartment rents soar in northern Colorado

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Apartment rents soar in northern Colorado

Rents in Colorado rose statewide during the first quarter of 2014, with the statewide average rent hitting a new fourth-quarter high of $1,026. According to a report released this week by the Colorado Division of Housing, the average rent during the first quarter was up 8 percent from last year’s first-quarter average rent of $950,… Continue Reading Apartment rents soar in northern Colorado

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Hazlehurst: Banning Lewis Ranch under contract

Nor’wood’s press release (see below) announcing its pending acquisition of the Banning Lewis Ranch was, shall we say, interestingly uninformative. It’s full of tantalizing tidbits, of amiable bullet points intended to please community leaders, environmentalists and conservationists. Are they serious, or is this just another mega-subdivision deal, another step in the continuing de-urbanization of Colorado… Continue Reading Hazlehurst: Banning Lewis Ranch under contract

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Report: Home prices up at home, nationally in April

Property information company CoreLogic reported home prices increased in April, in Colorado Springs and across the country. The company reported that nationwide, home prices increased 10.5 percent (including distressed sales) in April compared to the same time last year, and the level was up 2.1 percent since March. “At the state level, including distressed sales, no states… Continue Reading Report: Home prices up at home, nationally in April

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