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Wow! There’s a lot going on out there – some of the latest real estate-related announcements originating from downtown all the way to Peterson Air Force Base. Hold on to your hats, folks, it’s going to be an interesting five years ahead…Lux says Southside Johnny’s opening at 528 S. Tejon The Colorado Springs Business Journal… Continue Reading Future looks alive in all areas of Springs’ real estate

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Briefs: Coldwell Banker expands staff+

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Heard the groundhog saw his shadow, but Colorado Springs’ commercial realtors don’t seem to be worried. In fact, things are heating up – especially where land sales are concerned. Good parcels, especially in the southeast part of town continue to sell – and prices are impressive.Coldwell Banker expands; announces industrial project Coldwell Banker’s managing broker,… Continue Reading Briefs: Coldwell Banker expands staff+

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Entrepreneurs typically possess an independent spirit, vision and guts. Witness long-time corporate executive and real estate development manager, Wayne Timura, P.E., who recently decided to leave Quantum Corporation for greener professional pastures. As founder of Next Level Development, he is ready to translate corporate experience into a hands-on consulting practice based in Colorado Springs. Timura… Continue Reading Real estate corp. exec. launches consulting firm

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National homebuilders predict consistent 2002 sales According to a February 15 announcement from the National Association of Home Builders, the housing market index (HMI) has dropped two points, after a 13-point cumulative rise in November, December and January, to 58 points in February. This news comes as the nation’s economy enters its recovery phase. So… Continue Reading Briefs: Homebuilders predict consistent sales+

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Briefs: CO Springs redevelopment plan announced+

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What great news it is to hear about the redevelopment plan created by the Palmer Village Development originators (Jeff Smith, David Jenkins, Chris Jenkins, Doug Stimple and Jim Johnson head the Project Team). Not only does the plan complement Confluence Park, but it opens up whole new worlds of opportunity for the City as a… Continue Reading Briefs: CO Springs redevelopment plan announced+

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Several hundred business and community leaders listened intently last week as four local experts on the Springs economy shared economic insights at the annual Institute of Real Estate Management (IREM) Economic Forecast Breakfast Tuesday, Feb. 29. Mike Anderson, Director, City Office of Budget and Financial Analysis; Doug Carter, of Doug Carter, LLC, and authority on… Continue Reading Economic Forecast Breakfast provides food for thought

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A financier’s point of view In a recent article for Commercial Investment Real Estate (CIRE), Benjamin Nummy, vice president with Morgan Stanley takes a look at real estate financing for today’s surviving technology ventures and dot.coms. He warns that the amount of vacant office square footage will increase dramatically in the next two years and… Continue Reading Briefs: Financier gives office real estate advice+

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Local real estate firm previews 2002 outlook

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This week the Colorado Springs Business Journal visited with a multi-discipline group of brokers from Palmer-McAllister, a local firm handling more than 300 office/commercial, retail, industrial, land sales and investment transactions annually. The following are a few of their observations and their forecasts for 2002.Office: Kent Mau (Senior Managing Director), an office broker for Palmer… Continue Reading Local real estate firm previews 2002 outlook

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Redistricting discussions are building this week to a crescendo at the State Legislature. EDC, The Chamber of Commerce and the Pikes Peak Association of Realtors are all watching developments closely as the final determination could have major impact on El Paso County’s military installations and legislative bargaining in the future. Stay tuned for details on… Continue Reading Colorado Springs Real Estate Briefs Jan. 28, 2002

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Although Colorado Springs’ industrial building space saw significant slowing in 2001, rental rates haven’t slipped appreciably compared to most major Southwest cities. Stalled technology sectors disrupted the Pikes Peak region’s industrial market and created a negative absorption rate between 2000 and 2001, according to the Grubb & Ellis/Quantum Commercial Group’s 2002 Real Estate Forecast. Industrial… Continue Reading Industrial property slowing hasn’t depressed rents

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