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A June 19 Colorado Office of State Planning and Budgeting economic forecast sees continued slowing in residential and nonresidential construction throughout this year and into 2003 — with a more dire look than previous forecasts. State economists reported residential construction down 9.4 percent in April from April 2001 and nonresidential construction, excluding public projects like… Continue Reading State forecasters see delayed construction recovery

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Colorado Spring’s FirTree Apartments at 3835 Radiant Dr. was the first property to receive certification in the Colorado Springs Police Department’s Crime Free Multi-Housing Program. Conducted in partnership with the Apartment Association of Colorado Springs, the program trains rental-property owners, apartment managers, leasing agents, maintenance staff and other personnel in how to stop illegal activities… Continue Reading Police, Apartment Assn. certify crime-free housing

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Johnny Nolan, a popular long-time bar manager of the Ritz Grill, has opened his own new restaurant and tavern called SouthSide Johnny’s. Nolan, along with partners Dave Lux and Luke Travins, owners of Concept Restaurants, said they have developed a new model for the lower area of downtown Colorado Springs. SouthSide Johnny’s features a full… Continue Reading Big city tavern calls a historic trolley car warehouse home

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Last week I received notice (as did most RCIS members) from Andy Oyler at Grubb & Ellis Quantum Commercial of “wants and needs.” Don’t you love it? Even in a slowed commercial real estate market, there are always clients looking for a diamond in the rough or a good property in a key location. It… Continue Reading Colorado Springs Real Estate Transactions – June 21, 2002

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When Frank Davis, director of facilities at Phil Long Ford, went looking for bids on building maintenance, he interviewed local firms and chose Aspen Diversified Industries (ADI) to do the job. Pretty typical, right? But ADI is not a typical company.In truth, ADI’s chief, Ken Barela, is actually an “executive director”, and the company’s 120… Continue Reading Vocational training company builds lives and business

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According to experts in the field of property management, the times they have been a-changin’. No longer is the field dominated by single building owners, responsible for all maintenance, rent collection and leasing. Today’s property managers are often responsible for multiple properties and thousands of units — perhaps part of a Real Estate Investment Trust… Continue Reading Today’s property manager poised for new challenges

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Real Estate Briefs June 14, 2002

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It’s been interesting to hear about some of the recent “transactions in the works” – deals that are almost there, but pending signatures or contract acceptance. One that comes to mind is Pikes Peak Mental Health’s pending purchase of the former K-Mart and Youth Outreach facility at South Circle Drive and Airport Rd. The 100,000+… Continue Reading Real Estate Briefs June 14, 2002

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Quality land development and quality of life go hand in hand – or so says Scott Smith, chief operating officer and manager of La Plata Investments, developer of 9,600 acres in the Briargate community for six of the last 22 years. Briargate today represents the culmination of vision, land studies, planning, building, economic boom and… Continue Reading Developer outlines plans for Briargate community

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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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