Foreclosure auction sales fell in Colorado Springs and dropped to a six-year low statewide. There were 25.2 percent fewer foreclosure sales at auction in El Paso County in July 2012 than in July 2011, according to a report from the Colorado Division of Housing. That drop was in line with state figures, where foreclosure auction [...]
Continue reading …The Pinery Wedding and Event Center announced today that it is ready to break ground on major renovations to the old Fish Market atop the Bijou Street hill overlooking downtown Colorado Springs. The long-empty building at 775 E. Bijou St. will be expanded to 22,000 square feet of high-end exclusive wedding and event space called [...]
Continue reading …El Paso County Assessor Mark Lowderman leaned back in his chair and chuckled. “We get a lot of people coming in here to complain that their assessment is too high,” he said. “I don’t think that we’ve ever had anyone complain that it was too low.” Lowderman and his chief appraiser, Mark Blucher, were addressing [...]
Continue reading …There are no steps leading into the house that Saddletree Homes is featuring at Flying Horse for the Colorado Springs Housing and Building Association’s Parade of Homes from Aug. 3 to 19. “That’s by design,” said Saddletree president and CEO Lee Bolin. “That’s how we pour the foundation. It has to be planned that way.” [...]
Continue reading …While lower apartment vacancy and rising rents don’t sound good to tenants, they’re welcome news for the apartment real estate market. Sustained vacancy rates around 6 percent, combined with continually rising rents, have cleared the way for new construction and high-dollar real estate transactions. The Colorado Division of Housing released its quarterly vacancy and rent [...]
Continue reading …Both foreclosure starts and releases of deeds of trust were up in July, according to the El Paso County Public Trustee’s report. Deeds of trust are released when a mortgage is paid in full either over time or through the sale or refinancing of the property. There were 3,658 deed releases in July, approaching the [...]
Continue reading …A Texas-based investment group purchased two Colorado Springs apartment complexes as part of a 1,164-unit portfolio of apartment properties along the Front Range. The investment group was a partnership between Arcon and Goldman Sachs. “It’s fairly unusual for Colorado Springs,” said Ken Greene, a broker with Apartment Realty Advisors who was part of the team [...]
Continue reading …Oakwood Homes is busy rebuilding momentum in Banning Lewis Ranch.
Continue reading …The Urban Land Institute, which sent 10 panelists experienced with downtown redevelopment projects to evaluate Colorado Springs and recommend projects to improve downtown, will return. The panel initially presented its findings, after an intensive week of reviewing past studies, touring the city and interviewing more than 120 residents, June 29 at the Fine Arts Center. [...]
Continue reading …The Colorado Springs City Council will consider a zone change and development plan this week for a 52-unit Westside townhome development. Uintah Bluffs LLC is requesting approval to build the townhomes on 12.9 acres northeast of Manitou Boulevard and west of Monument Street, bordered by Mesa Road and Dale Street. The project started in 2006, [...]
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