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The Rangewood medical building at 7560 Rangewood Drive has been purchased by NetREIT, a California-based investment group for $2.66 million. The 18,222-square-foot facility was 92 percent leased at the time of purchase, said Troy Meyer of Sperry Van Ness, listing broker for the seller, the DeCelles Family Trust. “We took the listing in late January… Continue Reading Recession-resistant medical office building sold

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Changes to the Defense Department budget proposed this week by Secretary Robert Gates could affect the 100 or so contractors with a Colorado Springs presence.  Budget reallocatoin also might impact the city’s largest defense contractor landlord, Maryland-based Corporate Office Properties Trust, which controls more than 1 million square feet of office space. A report published in the Washington Post… Continue Reading Defense contractors in wait and see mode

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When Van Briggle Pottery vacated its former headquarters at Highway 24 and 21st Street last year, the stage was set for Griffis Blessing to redevelop the 3.25-acre site. With its first occupants scheduled to move in this spring, the $5 million redevelopment includes both the historic 30,000-square foot railway roundhouse and 10,000 square feet of… Continue Reading Round House redevelopment nearing completion

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Liberty Dialysis is expanding in Colorado Springs and has broken ground on a single-story 12,000-square-foot building near the intersection of Lelaray Street and North Union Boulevard. The facility serves as many as 216 patients and is scheduled to be completed this spring. Headquartered in Mercer Island, Wash., the company employs more than 1,000 people in… Continue Reading Dialysis centers break ground on third Springs location

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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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