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Colorado Springs construction is hurting

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The Dow has dropped hundreds of points in recent weeks and local home construction is hurting, but Colorado Springs economist Fred Crowley says the residential building slowdown is nearing an end and a slow recovery will ensue. Crowley, an economist with the Southern Colorado Economic Forum at the University of Colorado at Colorado Springs, told… Continue Reading Colorado Springs construction is hurting

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FYI: Large Ranches Read an interesting article in the May issue of Colorado BIZ on the remaining large tracts of land in Colorado — and who owns what. The Greenland Ranch has become a permanent development buffer between Colorado Springs and Denver – particularly on the west side of I-25. The 21,000-acre parcel (straddling both… Continue Reading Briefs: Ranch serves as CO Springs, Denver buffer+

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Last week I joined a group of fifteen realtors on the “Sales Group Tour,” a monthly shuttled event, organized by Steve Wrestler of Prestige Properties. The program is an informal one – cost is just $50 per year to get on the list. What a great, low-key way to get educated about the Pikes Peak… Continue Reading Briefs: Realtors take shuttle tour of area homes+

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For those who follow real estate activity to the north, this information may be interesting. Schuck Update Dennis Champine has been named vice president of TransPort, the 6,300 acre transportation/distribution/business center in Aurora (contiguous to the Front Range Airport in Adams County), under development by Colorado Springs’ own Schuck Corporation. Champine served two four-year terms… Continue Reading Briefs: Distribution/biz center names new VP+

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If you haven’t had a chance to see the tremendous Broadmoor Main renovation yet, you’ll want to find a reason to stop by or to set up a meeting there. The former Terrace Lounge on the mezzanine level is fantastic – the “$100 million bar” boasts a gorgeous white oak paneling and woodwork and stained… Continue Reading Briefs: Broadmoor Main Hotel renovations continue+

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Former Marine spy David Seamon believes U.S. military contractors should be further educated about the city’s sophisticated armed forces sites if they hope to attract additional high-technology companies catering to the military machine. As the new executive vice president for marketing for the Greater Colorado Springs Economic Development Corporation, Seamon is barely moved into his… Continue Reading Former Marine spy eyes CO Springs opportunities

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Through the rumor mill this week comes word that Capital Pacific is moving forward on Banning-Lewis development. That could be good news for all real estate sectors. More to come… Palmer McAllister Retail & Industrial Report Steve Hunsinger, retail broker with Palmer-McAllister recently sold a 67,000 square foot parcel he had listed at 5825 N.… Continue Reading Briefs: 67,000-square foot parcel sold for $535K+

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Last week’s Space Foundation Symposium at the Broadmoor Hotel attracted a myriad of top military leadership, aerospace companies, scientists and entrepreneurs. This year’s event exuded unparalleled intensity and enthusiasm. Lt. General Brian Arnold, USAF, outlined a number of the U.S. Air Force/U.S. Space Command projects on the drawing board – which must have revved the… Continue Reading Briefs: Military expansion may help vacancy rates+

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To the Real Estate Column’s regular readers, thank you for your contributions and updates. Lots of news to report this week. Transaction Reports: Hoff & Leigh Rocks with March Activity As always, the Hoff and Leigh team works a broad range of leases and sales. Here’s the latest on all the transactions completed through March… Continue Reading Briefs: Local real estate firm reports busy March+

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Spring has sprung…and so has the brokerage community. The healthy list of transactions reported here is testimony to both the strength of the local commercial real estate market and the stabilizing affect small businesses have on our economy. According to local Chamber of Commerce statistics, 80 percent of businesses in Colorado Springs qualify as small… Continue Reading Colorado Springs Real Estate Briefs April 5, 2002

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