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Report: Apartment rents higher in first quarter

Average apartment rents in the Colorado Springs area rose year over year for the seventh straight quarter during the first three months of 2014, according to a report by the Colorado Division of Housing. Average rents in the metro rose 4.3 percent to $822 from $787 during the same quarter of 2013, said the report,… Continue Reading Report: Apartment rents higher in first quarter

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Quantum sells office for $2.2 million

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Quantum sells office for $2.2 million

Quantum Commercial Group Inc. announced the sale of the 16,685-square-foot office space at 110 S. Sierra Madre to Maltz Enterprises. The sales price was $2.2 million, and the listing agent was Mary Frances Cowan, and the cooperating brokers were Bill Kennedy and Tim Seehafer at Red Rock Realty. The seller was Sierra Madre, LLC. In… Continue Reading Quantum sells office for $2.2 million

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Personal experience details buying a house

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Personal experience details buying a house

Buying a house can be thrilling, a major headache and stressful all at once for an extended period of time. It was all that and more for me, and I closed on my new house two days after Christmas. After all, it’s not every day you plunk down $2,500 in earnest money, much less a… Continue Reading Personal experience details buying a house

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Report: Year-over-year foreclosure down in January

While increasing from the month prior, Colorado Springs foreclosure rates decreased year-over-year in January, according to a report by real estate research firm CoreLogic. CoreLogic reported foreclosures in the Colorado Springs area dropped from more than 1 percent in January 2013 to .77 percent in January 2014, although that number increased .5 percent from December.… Continue Reading Report: Year-over-year foreclosure down in January

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Real estate sales, lease deals noted

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Real estate sales, lease deals noted

NavPoint Real Estate Group brokered the sale of 830 Tenderfoot Road, Suite 210, a 3,327-square-foot dental office condominium in southwest Colorado Springs. John Witt and Matt Call of NavPoint represented the buyer, and Nicola Myers-Murty and Randy Miller of Sierra Commercial Real Estate represented the seller. In related news, Greg Phaneuf and Peter Scoville of… Continue Reading Real estate sales, lease deals noted

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Craftwood Inn suddenly closes doors

The Craftwood Inn, a longtime staple of the Manitou Springs community, closed suddenly Sunday after more than 70 years in business. Owner Dave Symonds, who purchased the eatery at 404 El Paso Blvd. in 2003, was noticeably distraught Tuesday after shutting the Craftwood’s doors for what might be the last time. “It’s a real shame,”… Continue Reading Craftwood Inn suddenly closes doors

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Average rent continues to rise in Springs

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Average apartment rent rose in the Colorado Springs metro for the 16th consecutive quarter (year over year) at the close of 2013, according to a report released Friday by the Colorado Division of Housing and the Apartment Association of Southern Colorado. The report indicated that the average rent for Springs residents rose $9 (or 1… Continue Reading Average rent continues to rise in Springs

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The 137,900-square-foot Platte Airpark Center sold for $14.35 million, the broker announced this week. The five buildings are located at 320 to 480 N. Wooten Road. The buyer is Fairbridge Partners LLC, a national real estate investment trust, of Princeton, N.J. One of the listing agents, Andy Oyler of Quantum Commercial Group Inc., said the… Continue Reading Platte Airpark Center complex, medical office building sold

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Paid-off home loans decline over last quarter

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Paid-off home loans decline over last quarter

The number of home loans paid off in Colorado was down 28.2 percent from the fourth quarter of 2012 to the fourth quarter of 2013, but comparing the full year of 2013 to 2012, the total was up 13 percent. According to a report released Wednesday by the Colorado Division of Housing, public trustees in Colorado… Continue Reading Paid-off home loans decline over last quarter

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City, others could reshape Banning Lewis

Nearly nine decades ago, the Banning Lewis Ranch was created in the late 1920s, when heiress Ruth Banning and her husband Raymond “Pink” Lewis assembled more than 30,000 acres of land east of Colorado Springs. Ruth Banning raised prize Herefords on the property, and she was an exceptionally careful steward of the land. In 1948,… Continue Reading City, others could reshape Banning Lewis

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