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Local market cools, but still holding up

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Local market cools, but still holding up

Following a summer full of home sales hype, both the local and national residential real estate markets cooled off in September for the first time in months. Although the Colorado Springs market may be on the decline until the new year, local experts say it is faring better than most. After hitting the highest level… Continue Reading Local market cools, but still holding up

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Crowley still focuses on need to diversify

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Northstar Bank Colorado hosted an economic forecast luncheon recently at Cheyenne Mountain Resort. Northstar President Mark White greeted the group, explaining that the recent merger of The Bank at Broadmoor and Colorado Community Bank makes Northstar the 11th-largest, Colorado-chartered bank with 20 locations on the Front Range and eastern Colorado. “[The merger] allows us to… Continue Reading Crowley still focuses on need to diversify

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Sierra Commercial Real Estate Inc. released its third-quarter report Thursday, showing optimistic views of the retail, office and industrial real estate markets. The third iteration of Market View 2013 illustrates negative trends in both vacancy and leasing cost rates, as well as positive views of leasing activity throughout the past three months. RETAIL According the… Continue Reading Sierra’s Q3 report shows optimistic view of the Springs

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Salzman receives award from Realtors’ association

Harry Salzman, broker and owner of Salzman Real Estate Service, received Realtor Emeritus status from the National Association of Realtors. The honor was awarded in “recognition of 40 cumulative years of membership in the NAR and in recognition of his valuable and lasting contribution to the real estate profession,” said a press release announcing the… Continue Reading Salzman receives award from Realtors’ association

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GoG Club to soon shift ownership

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After months on the market, a Garden of the Gods Club executive said that the facility, land and assets are in the process of being purchased. Few details are known of the club’s pending sale — including the identity of the buyer, who has requested anonymity until time of closing — which is being brokered… Continue Reading GoG Club to soon shift ownership

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Time a factor in Goodwill sale, OCC future

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Time a factor in Goodwill sale, OCC future

When Kum & Go abandoned plans last week to build on the Goodwill parcel in Old Colorado City, it turned planning for the property into a redevelopment race. At least one developer plans to make an offer on the property next week, a second anonymous developer is piecing together a proposal and Goodwill now says… Continue Reading Time a factor in Goodwill sale, OCC future

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Springs housing prices on the rise

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Springs housing prices on the rise

The Colorado Springs housing market showed increases in home prices and August sales went up 23 percent compared with 2012. At $255,728, the price of the average sale of a single-family home went up 8 percent higher than last year, according to figures from Sylvia Jennings of Prudential Rocky Mountain Realtors. “That’s the highest average… Continue Reading Springs housing prices on the rise

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The owner of a Gold Hill Mesa home filed suit this month against the builder, saying the home is not as energy-efficient as the builder purported. Further, the builder knew the home wasn’t as energy-efficient during the sales process, said homeowners Hannah Polmer and William Robert Rudge in their lawsuit against Hi-Point Home Builders LLC,… Continue Reading Home not effectively green, lawsuit says

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More good real estate news for area

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The second quarter 2013 report of the top 160 metropolitan areas from the National Association of Realtors indicates that median home prices continued to rise in the majority of cities, with the national year-over-year price showing the strongest gain in 71/2 years. Even better news is that “despite rising prices and higher mortgage interest rates,… Continue Reading More good real estate news for area

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Colorado Crossing sits as litigation abounds

Half-finished buildings sit with gaping holes, windows without glass, parking lots without cars. Classy signs announce the now-derailed development: Colorado Crossing, on the weeded byway leading to its skeletal remains off Voyager and Interquest parkways. A nearly completed multiplex movie theater, flanked by a half-done office building and a parking garage, all sit vacant and… Continue Reading Colorado Crossing sits as litigation abounds

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