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Stretching the market: School district enrollments affect real estate values

School District 11 covers the residential heart of Colorado Springs, but in recent years, many of the district’s schools and the neighborhoods around them have been suffering. Whether the ailing schools affected the neighborhoods or vice versa, no one really knows. What is certain, however, is that the downward spiral has resulted in a string… Continue Reading Stretching the market: School district enrollments affect real estate values

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Local investors are now competing against institutional money at the El Paso County Public Trustee’s foreclosure sales. Two out-of-state investors have been bidding on foreclosures at the local sales. Colony American Homes, an Arizona-based unit of Colony Capital LLC, headquartered in Santa Monica, Calif., buys homes and rents them out while they appreciate. Granite Ranch… Continue Reading Local real estate investors battling with new Goliaths

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Sale of GofG Club amenities part of bigger plan

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The partnership that owns the Garden of the Gods Club is putting the property’s amenities on the market as it prepares for land values to rise before homebuilding efforts begin in earnest. Sunrise Co., based in Palm Desert, Calif., partnered with local Thomas Schmidt LLC to purchase the club from Dallas-based Hill Development Corp. in… Continue Reading Sale of GofG Club amenities part of bigger plan

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Silent boom: Baby Boomers and Silent Generation selling same types of homes, but for different reasons

As aging members of the Silent Generation struggle to pack up their memories and move into smaller houses and assisted-living centers, Baby Boomers are still buying real estate. “There’s no easy way to define what a senior is,” said Adrian Reed, a real estate agent with RE/MAX Properties. “I certainly can’t say. I think AARP… Continue Reading Silent boom: Baby Boomers and Silent Generation selling same types of homes, but for different reasons

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Colorado joins multi-state lawsuit against S&P

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Colorado has joined the federal government and other states in suing Standard and Poor’s in connection to the ratings that the agency issued on structured financial securities, including residential mortgage-backed securities that were issued from 2004 to 2007. The lawsuit is part of a joint federal-state effort to hold those responsible for their part in… Continue Reading Colorado joins multi-state lawsuit against S&P

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Long-time Colorado Springs developer Jannie Richardson’s holdings will be sold in a bankruptcy auction March 12. Of the  21 properties around the country that belonged to the SRKO Family Limited Partnership and Richardson, seven parcels in Colorado Springs and Manitou Springs will sell. While the assets up for auction include a mix of commercial and… Continue Reading Some Jannie Richardson properties going to bankruptcy auction

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There were $198 million in apartment building sales in Colorado Springs in 2012. That’s the most since the start of the recession in 2007, according to market experts. “It was a lot more fun to be an apartment broker last year than it has been for a while,” said Stuart Sloat, an apartment broker who… Continue Reading Apartment sales market still strong across the city

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While the investor with a contract to develop an $800 million airport business park has put its entire 1.1 million-square-foot portfolio of Colorado Springs office properties on the market, it’s retaining its interest in developing the airport project — for now. Corporate Office Properties Trust, a Maryland-based real estate investment trust that specializes in office… Continue Reading COPT sale raises questions for local commercial market

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John Bissett, new president of the Housing and Building Association of Colorado Springs, is hopeful the industry will have another good year in 2013. “It would be nice to keep seeing construction ramp up,” he said. New single-family building permits surged 50 percent in 2012. But employment figures stayed low, which Bissett said will probably… Continue Reading New HBA president feels positive about year ahead

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Winter heat: Residential real-estate market up

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After years of limp sales and drooping home prices, Colorado Springs residential Realtors say they’re looking forward to a bullish 2013. The Pikes Peak Association of Realtors reported almost 9 percent more home sales in the last quarter of 2012 than in 2011. On top of that, the average sales price climbed nearly 10 percent… Continue Reading Winter heat: Residential real-estate market up

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