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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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Trustee reports fewest foreclosures since 2006

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The El Paso County Public Trustee’s Office finished the year with the fewest foreclosure starts since 2006 and the most deed releases – which occur when someone pays off their home over time, through refinancing or a private sale – since 2007. Mowle’s staff started 230 foreclosures in December. “While this is 18 more than… Continue Reading Trustee reports fewest foreclosures since 2006

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Top 10 real estate deals of 2012

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The biggest real estate deals of 2012 had a common theme. Seven of the 10 were apartment complexes. As Nor’wood Development Group and a few others started construction on some of the first new apartments in Colorado Springs in the past decade, investors knocked on brokers’ doors looking for existing properties to buy. Continue Reading Top 10 real estate deals of 2012

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‘More of the same’ in commercial real estate

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The excitement and hope commercial real estate brokers put on display at the start of 2012 was mostly gone by the time they started trying to predict what will happen in 2013. “I think we all just wanted it to be behind us,” said Greg Phaneuf, a principal at Cushman & Wakefield Colorado Springs Commercial.… Continue Reading ‘More of the same’ in commercial real estate

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After a few quiet years, the earth is starting to move again at Briargate Crossing. The shopping center north of the intersection of Briargate and Powers boulevards started strong in 2007 with a Super Target, Chili’s and other national brands. But as the economy slowed, the development went into hibernation. Chili’s closed and nothing new… Continue Reading Long-quiet Briargate Crossing picks up new momentum

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Springs ranks as 14th fastest-growing MSA

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Colorado Springs is the 14th  fastest-growing metropolitan area. According to a Pitney Bowes survey, the city is projected to grow 6.2 percent – or add 15,459 households – in the next five years, an annual rate of 1.3 percent. That’s in line with national trends, with 98 percent of U.S. metropolitan areas expected to grow… Continue Reading Springs ranks as 14th fastest-growing MSA

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