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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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Business owners showcase talent in their kitchens

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Tara and Luc Gray are a husband and wife design-and-build team that has conquered several projects together – including their own kitchen. Continue Reading Business owners showcase talent in their kitchens

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Plans are afoot to replace aging storefronts along the 400-block of South Nevada Avenue with a mixed-use development of apartments and retail. Continue Reading Apartments planned for South Nevada Ave.

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Denver-based BMC Investments recently bought two Colorado Springs apartment properties. BMC paid $4.2 million for 148-unit Timberlane Apartments at 3985 E. Bijou St. and $3.175 million for 95-unit Ashelyn Court at 930 N. Murray Blvd. Both complexes are about 90 percent occupied, according to a release from FirstBank, which financed the purchases. BMC plans to… Continue Reading Denver investment company buys Springs apartments

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Two emerging national trends in commercial real estate could have ripple effects in Colorado Springs: increased urbanization and institutional investors looking to smaller markets. Continue Reading Urbanization: National trends could impact local market

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Colorado will receive $1.8 million as part of a settlement with Lender Processing Services for past document execution practices to mortgage loan servicers. Attorney General John Suthers said that certain residential mortgage loan servicers asked people employed by LPS subsidiaries to sign or assist with the execution of mortgage-related documents – lost instrument affidavits, deed… Continue Reading Colorado receives $1.8m in mortgage document settlement

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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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