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Plan B

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Roller coaster of real estate not for everyone Upon returning to his hometown during 2007 after more than six years working for a national telecommunications provider in Denver, newly licensed commercial real estate broker Andrey Trinidad was ready for a career change. He joined Hoff & Leigh in Colorado Springs, where his brother was working… Continue Reading Plan B

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G.E. Johnson selected for Visual Arts Building

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Colorado Springs-based G.E. Johnson Construction Co. has been awarded a contract to build a $27 million visual arts building at the University of Wyoming in Laramie. The two-level 83,750-square-foot facility will contain studios for drawing, sculpture, metalworking, ceramics, printmaking and related support facilities. Johnson will pursue U.S. Green Building Council Leadership in Energy and Environment… Continue Reading G.E. Johnson selected for Visual Arts Building

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The process that brings new office buildings, schools, commercial centers and civic or government structures into the construction pipeline has been temporarily stalled by tight money and sidelined investors. So, what does the future hold for those involved in the design and construction of tomorrow’s signature buildings or urban centers — the architects, contractors and… Continue Reading Stoking the project pipeline

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Weidner buys Parkmoor

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The 328-unit Parkmoor Village Apartments at 3688 Parkmoor Village Drive been purchased by Weidner Investment Services of Seattle, Wash., for $12.1 million. The buyer also owns several other Colorado Springs apartment communities. The Lively Family Trust had owned the 15.5-acre property for 37 years. “Most of the units are two-bedroom, two-bath. The family bought it… Continue Reading Weidner buys Parkmoor

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It’s taken four years and three different ownership groups, but the Mining Exchange building and its neighbors, the Freedom Telegraph, Independence and Municipal Utilities buildings, are ready to be transformed into a 150-room “boutique” hotel and conference center.
That is, as long as the city leaders approve key sales tax-sharing provisions. Continue Reading Mining Exchange hotel developer ready to transform downtown

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Repositioning of former PetCo building under way

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Increased retail closings or lease defaults have spurred repositioning efforts and marketing creativity on the part of some building owners. A former PetCo store at 5720 N. Academy Blvd in the Berkshire Center, for example, was purchased during 1993 by a Pebble Beach, Calif., investor for $775,000. The pet supply company’s 12,558-square-foot lease ran out… Continue Reading Repositioning of former PetCo building under way

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Amenities of the rich and famous

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Finding a management team that shares the owners’ vision on a project such as converting the Mining Exchange and its neighboring buildings into a boutique hotel is not an easy task. Anticipating that challenge, co-owner Perry Sanders hired Tyler Sherman, the former operations manager at Denver’s Hotel Teatro. “We’ll begin marketing the hotel and conference… Continue Reading Amenities of the rich and famous

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D&B Precision Products makes major purchase

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D&B Precision Products purchased this two-building complex for $1.2 million. A growing family owned company, D&B Precision Products, has purchased a 20,250-square-foot, two-building manufacturing facility at 55, 65, 75 and 85 Mount View Lane for $1.2 million. The seller, M.C. Leasing LLLP, was represented by Mike Helwege and Steve Bach of Bach Real Estate Partners.… Continue Reading D&B Precision Products makes major purchase

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Some real estate transactions defy otherwise cloudy economic forecasts. Take golf courses for example. This week, Escalante Golf, the general partner and ownership group for the Pine Creek Golf Club and other “boutique” golf clubs throughout the country, announced that it has acquired the Country Club of the North in Dayton, Ohio, from Oak Tree… Continue Reading Springs-based Escalante Golf adds to boutique portfolio

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It must be the season for real estate companies to reallocate, relocate and revamp their line-ups and strategies. At least two companies made real estate history this month. Take ERA Shields Real Estate’s recent acquisition of Stuart Scott Ltd, for example. Bill Hurt began his career as a broker with Cres and Mary Shields during… Continue Reading ERA Shields Real Estate, Stuart Scott Ltd. join forces

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