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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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Quantum brokers $9.25 million transaction

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Quantum brokers $9.25 million transaction

The 86,500-square-foot office building at 9930 Federal Drive in Colorado Springs, also known as the Ford Motor Credit building, sold for $9.25 million. The seller was Karlin Federal Drive LLC, and the buyer was LV Federal 7 LLC. The listing agent was Michael Palmer of Quantum Commercial Group. Quantum Commercial also announced the sale of… Continue Reading Quantum brokers $9.25 million transaction

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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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