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Two bank-owned foreclosure properties have been purchased by a partnership group that includes Greccio Housing, Partners in Housing and Rocky Mountain Community Land Trust. The purchases were made possible by federal Housing and Urban Development Neighborhood Stabilization Program grants. The partnership purchased Bentley Commons for $1.7 million from Bank of the West. The property, at… Continue Reading Greccio adds to multifamily portfolio with foreclosure purchases

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A 211,000-square-foot lease renewal is always news, but this time it’s a headline-maker for stakeholders of the downtown business community. Houston-based El Paso Corp.– Western Pipeline (and its predecessor, Colorado Interstate Gas Co.) has been a tenant in the Colorado Square Building at 2 N. Nevada Ave. since shortly after the structure was built during… Continue Reading El Paso Corp. decides to retain downtown digs

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With July 2009 construction spending down more than 10 percent compared to a year ago, only manufacturing and power projects have seen a year-over-year up-tick, according to the Census Bureau. As a result, the market for residential and commercial subcontractor services has contracted as well. But two companies are refusing to take the recession sitting… Continue Reading Recessionary chutzpah: Two subcontractors get creative

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A local development partnership will break ground this month on a $3.2 million restaurant and bar just west of the Hollywood Theater and planned Renaissance Hotel off Interquest Parkway. The 6,500-square-foot Colorado Mountain Brewery, with more than 3,000 square feet of outside patio dining space, is designed for casual and family dining and will feature… Continue Reading Colorado Mountain Brewery ready for take-off at Interquest

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There’s real estate, and then there’s incomparable and one-of-a-kind Colorado terra firma. In a move to preserve some of the city’s prime land for open space and parks, the El Paso County Board of Commissioners has approved a zoning change that clears the way for the City of Colorado Springs to acquire 42.5 acres of… Continue Reading City’s acquisition of White Acres gets green light

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With the U.S. Olympic Committee headquarters building shell nearing completion, G.E. Johnson Construction is turning its sights to new projects. The first, a 430,000-square-foot apartment complex near Denver University at 2100 S. University Blvd. is scheduled to break ground next spring. The project’s developer is the Urban West Group. The 11-story building was designed by… Continue Reading G.E. Johnson wrapping up USOC, moving to new projects

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Last week, Peterson Air Force Base and Tierra Vista Communities officials joined to celebrate the opening of the first of 597 new three and four bedroom homes to be completed on the Air Force base.  Another 54 homes will be renovated to today’s standards. Once completed, the six-year development plan will enable Airmen and their… Continue Reading Peterson, Tierra Vista open first new homes for airmen

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COPT buys R.T. Logic building

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Corporate Office Properties Trust, Colorado Springs’ largest commercial real estate investor, has purchased the 61,504-square-foot R.T. Logic building and 5 acres of adjacent land for $12.5 million. The facility at 12515 Academy Ridge View was built during 2005. R.T. Logic, a wholly owned subsidiary of Integral Systems, Inc. has occupied the building since it opened.… Continue Reading COPT buys R.T. Logic building

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Homes: differing surveys, differing views

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The national news has a way of trickling down to local markets — and sometimes the news appears better closer to home. For example, while U.S. home sales grew by 11 percent, year over year, based on Commerce Department and Census Bureau data released this week, industry experts cited lower home prices for the improvement.… Continue Reading Homes: differing surveys, differing views

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The 2009 Celebration Home, 4305 Cavern Ridge Road, will be open from 6:30 to 9 p.m. July 30 for a special cocktail buffet, wine tasting and tours to benefit Pikes Peak United Way. Red Noland Auto Group, Vintage’s Wine & Spirits and Cravings Catering are event sponsors, donating valet service, beverages and a cocktail buffet.… Continue Reading Celebration Home again benefits Pikes Peak United Way

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