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The Palisades at Broadmoor Park was purchased earlier this week, although the sale isn’t final. The assisted living facility located northwest of Colorado Highway 115 and South Academy Boulevard was purchased by Irvine, Calif.-based MBK Senior Living, a real estate group specializing in senior assisted living centers.  The sale isn’t yet listed on the El Paso… Continue Reading Palisades at Broadmoor Park sold to California company

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Colorado Springs’ apartment sales market seems like it’s hot right now, but the numbers suggest it’s just getting back to “normal” after a sleepy few years. Continue Reading Apartment market returning to ‘normal’ in 2012

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Ho-hum numbers muffle commercial optimism

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Like broken records, commercial real estate brokers are repeating the same moderately upbeat refrain about the market conditions that they’ve been saying: “Well, it’s not getting worse.” Continue Reading Ho-hum numbers muffle commercial optimism

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Investors bought three of the 49 properties that sold in the El Paso County Public Trustee’s foreclosure auction Wednesday. The rest were sold to the lenders. Stan Kline paid $92,100 for a 1,447-square-foot tri-level home built in 1986 at 4755 Spacewalk Way (80918). That was more than lender GMAC Mortgage’s initial bid of $88,570.65. Jesse… Continue Reading Investors bought three properties at foreclosure auction

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Hoff & Leigh expands nationally

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Hoff & Leigh’s recent celebration of a new office in Salt Lake City could be just the first of many to come. Tim Leigh, who co-founded the homegrown commercial real estate firm in 1987, said the company is looking to expand nationally and aims to open six new offices this year and another 12 in… Continue Reading Hoff & Leigh expands nationally

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Colorado Springs was again the 55th most searched real estate market in the country in September, according to a report from Realtor.com. Median list prices for homes in Colorado Springs rose to $229,500 in September, a 2.04 percent increase from last year, but down slightly from August’s numbers. The national median list price in September… Continue Reading Colorado Springs was 55th most search residential market

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Apartment vacancies down, sales increase

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Eight apartment properties sold in Colorado Springs during the third quarter of this year. Those are big sales figures, said Doug Carter, an apartment broker with Sperry Van Ness and publisher of the quarterly Apartment Insights market analysis. There’s good reason for a surge in apartment property sales, Carter said. The vacancy rate dropped to… Continue Reading Apartment vacancies down, sales increase

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Mooyah, a new burger chain based in Texas, wants to expand into the Colorado Springs market. The fast-casual burger restaurant is looking for people to run two to four Colorado Springs franchises, said Scott Adams, regional developer for Mooyah. The growing chain aims to open 34 new stores statewide, but most locations will likely be… Continue Reading Mooyah looking for franchisee to expand brand into Springs

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Griffis/Blessing is expanding its portfolio of apartment properties. The local multi-family real estate services company that owns some properties but manages many more, recently purchased the 156-unit Bonterra Lakeside Apartments at 890 Quail Lake Cir. on the southwest side of town. “One of our focuses this year has been to look for more opportunities to… Continue Reading Real estate company buys southwest apartment complex

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Trustee’s office had busy September

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The El Paso County Public Trustee’s office just finished its busiest quarter since the end of 2010. Trustee Tom Mowle reported that his office processed 3,478 deed releases in September, which brings the year-to-date total 23 percent higher than in 2011. Deeds of trust are released when a homeowner pays off a mortgage, sells a… Continue Reading Trustee’s office had busy September

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