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Market for medical condos still strong

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Given the opportunity, many medical and dental practitioners are opting to buy rather than lease office space. Last month, for example, Oral Surgery Associates bought a 4,500-square-foot medical office condominium at 5745 Erindale Drive. The group’s doctors had been tenants in the building since 1995.The practice, represented by Tom Brown of Thomas R. Brown Associates,… Continue Reading Market for medical condos still strong

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Rumors that commercial real estate has dried up or has slowed to a crawl appear to be “highly exaggerated,” to borrow another phrase from Mark Twain. The following update from around the region speaks to slower, but surprisingly steady deal-making in the Pikes Peak region. In conjunction with LandCo Equity Partners’ announcement that the company… Continue Reading Southwestern Commercial Properties opens own office

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Forge Road leases

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Denver-based Custom Environmental Services has leased 9,000 square feet of office/warehouse space at 4630 Forge Road. The company first opened its Southern Colorado regional office in Colorado Springs during 2001, said CES project manager Casey Waughtel. The firm, headed by regional manager Chris Cargill, focuses on 24/7 emergency response, asbestos, mold and lead remediation, as… Continue Reading Forge Road leases

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Free space at Windchime

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It’s not often a CSBJ reader picks up the phone or e-mails to single out the owner or manager of a local business for actions “above and beyond.” In this case, it’s the London Real Estate Group, managers of the Windchime Business Center just west of Interstate 25 and West Woodmen Road, and broker Mike… Continue Reading Free space at Windchime

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In yet another sign that commercial real estate continues to move ahead, the 30-unit Briarwood Apartments at 425 E. Willamette Ave. have been purchased by Josephine Investment Holdings LLC for $950,000. Stuart Sloat of Rampart Realty represented the seller, Briarwood Apartments Holding Co. LLC. Michael Dominguez of Acquire Homes Inc. represented the buyer. The new… Continue Reading Josephine Investment Holdings buys Briarwood Apartments for $950K

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Local realtor Curbow on HGTV

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It’s not every day a Colorado Springs real estate company can land a spot on a national cable network, but Mercie Curbow, managing broker for Century 21 Curbow Realty knows it can be done. At 7 p.m.Thursday, March 5 at Curbow Realty broker Jeff Robinson and his client, Marcus Garcia, a Naval Reserve sailor home… Continue Reading Local realtor Curbow on HGTV

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Commercial lenders respond to slower economy

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Both supply and demand for commercial real estate loans, a source of funds for office, retail, warehouse and hotel construction, appear to be shrinking. That opinion, from a February Commercial Mortgage Alert, and shared by many in the construction industry, is based on the results of a January Federal Reserve Senior Loan Officer Opinion Survey… Continue Reading Commercial lenders respond to slower economy

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Home prices slide in 17 of 20 metropolitan areas

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Home prices in 20 U.S. metropolitan areas fell in December by the most on record, a private survey showed. The S&P/Case-Shiller home-price index dropped 9.1 percent from December 2006, after a 7.7 percent decrease in November. Nationwide, home prices fell 8.9 percent in the fourth quarter from a year earlier, the biggest decline in 20… Continue Reading Home prices slide in 17 of 20 metropolitan areas

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Home prices fell in the fourth quarter in the majority of U.S. metropolitan areas surveyed by the National Association of Realtors, according to a report issued today. The median sale price of a U.S. home dropped 5.8 percent to $206,200 in the last three months of 2007 from $219,000 during the same period of 2006,… Continue Reading Home prices fall nationwide; Springs stable

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Prime local real estate has world-wide appeal

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One country’s distress may be another’s opportunity. While the U.S. real estate market has seen double-digit price decreases along some parts of the west coast, Florida or Las Vegas, European investors are keeping an eye on prime American real estate. One new Colorado luxury project, for example, recently made its way to a Danish investors’… Continue Reading Prime local real estate has world-wide appeal

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