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Year end sees slowdown for contractors

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The value of nonresidential construction starts during 2007 was up 11.2 percent from 2006, according to Reed Construction Data, a national construction industry research firm. On a month-to-month basis, job starts increased 5.2 percent during December after weak showings during October and November. However, starts weakened at the end of 2007, with the final three… Continue Reading Year end sees slowdown for contractors

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In remarks to the Jefferson County Association of Realtors this week, Lawrence Yun, chief economist and senior vice president of real estate for the National Association of Realtors said Denver may have escaped the worst of the housing slump. Factors that led to that conclusion included Denver’s lower-than-national-average unemployment rate and stronger job creations statistics,… Continue Reading Denver’s housing market in enviable position

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Banning Lewis gets first resident today

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In a precursor of things to come, Banning Lewis Ranch’s first residents will move into their Northtree home today. Recently married, former Fort Collins residents Lucas and Veronica Fenske greeted development and city representatives at a press conference today before moving into their new home. The move-in follows six years of planning and preparation for… Continue Reading Banning Lewis gets first resident today

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Commissioners approve developer park fees

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The El Paso County Board of Commissioners has approved the 2008 Regional and Urban Park Fees that are paid by developers per housing unit to in turn fund regional and urban parks. The fees for neighborhood parks are $105, for community parks $161 and for Regional parks $422. The Board approves these fees each year… Continue Reading Commissioners approve developer park fees

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Construction, operation and maintenance of commercial real estate properties accounted for more than 10 percent of Colorado’s total economic output during 2007. Independent researchers commissioned by the Colorado chapter of the National Association of Industrial and Office Properties or NAIOP-Colorado, found that the state’s commercial real estate sector generated $24.3 billion in direct and indirect… Continue Reading Commercial real estate investment tops $24 billion

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Real estate sales to level this year

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The Pikes Peak region has seen an infusion of close to $1 billion in new commercial real estate investment during the past five years, but industry experts are predicting transaction volume and prices may level out during 2008. Prices during October increased 1.6 percent from September, according to the Moody’s/Real Commercial Property Price Indices. Moody’s… Continue Reading Real estate sales to level this year

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New home sales plunge to 12-year low

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Sales of new homes dove last month to their lowest level in more than 12 years. The Commerce Department reported Friday that new-home sales dropped 9 percent from October to November to a seasonally adjusted annual rate of 647,000 – the worst showing since April 1995, when the rate was 621,000. The median sales price… Continue Reading New home sales plunge to 12-year low

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In an effort to cut costs, the Greater Colorado Springs Chamber of Commerce is moving from its offices at 2 N. Cascade Ave. into the Exchange National Bank building at 6 S. Tejon St., suite 700. The new location, where U.S. Bank is located, has lower rent, said Joan Saunders, chamber chief operating officer. “Our… Continue Reading Chamber moving to Exchange National Bank building

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November foreclosures up 68 percent

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The number of November foreclosure filings nationwide surged 68 percent compared with the same month a year ago. Analysts from RealtyTrac say that in all, 201,950 foreclosure filings were reported last month, compared with 120,334 during November 2006. Still, last month’s filings are down 10 percent from October’s 224,451. The decline in filings from October… Continue Reading November foreclosures up 68 percent

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Patriot Park campus adds ITT Corp.

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The ITT Corp.’s Systems Division will lease 75,000 square feet in Corporate Office Properties Trust’s Patriot Park, at 655 Space Center Drive. The 180-acre office park is located at the intersection of Powers Boulevard and Highway 24 next to Peterson Air Force Base. Based in Colorado Springs, ITT’s Systems Division provides systems support and technical… Continue Reading Patriot Park campus adds ITT Corp.

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