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Council kills fee waiver for downtown developers

Council kills fee waiver for downtown developers

Colorado Springs City Council voted down a resolution Tuesday that would have waived fees for downtown residential development in an attempt to support urban infill projects. Councilors voted 5-4 to kill the proposed amendment to a 1973 ordinance pertaining to fees for the creation of new parks and schools throughout the city. The amendment —… Continue Reading Council kills fee waiver for downtown developers

Ron Spraggins, founder and CEO of Commonwealth, Colorado Springs’ oldest apartment brokerage and research firm, announced the sale of Pueblo’s Belmont Square Apartments to a large buyer from Chicago for $5.2 million. The Spraggins team represented both the buyer and the seller in the sale of the 138 unit complex. The apartments are located south… Continue Reading Springs broker involved with $5.2 million Pueblo deal

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Report: Apartment rents higher in first quarter

Average apartment rents in the Colorado Springs area rose year over year for the seventh straight quarter during the first three months of 2014, according to a report by the Colorado Division of Housing. Average rents in the metro rose 4.3 percent to $822 from $787 during the same quarter of 2013, said the report,… Continue Reading Report: Apartment rents higher in first quarter

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Reports promising for commercial, apartments

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Despite seemingly optimistic projections of the Colorado Springs commercial real estate market, a recent first-quarter report indicates net absorption is down in all of the city’s office submarkets. But the year’s first MarketView report for Class A/B office space — done quarterly by Cushman & Wakefield’s Colorado Springs Commercial group — found the negative absorption… Continue Reading Reports promising for commercial, apartments

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High-end homes require slightly different approach to sales

Selling a luxury home requires a Realtor who knows how to market estate homes in luxury publications, according to people in the high-end real estate business. Trish Ingels wears two hats on this topic — she owns a $6.5 million home she’s trying to sell, and she’s a Realtor who sells executive homes for Berkshire… Continue Reading High-end homes require slightly different approach to sales

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Attorney General: $23 million for housing relief

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Attorney General: $23 million for housing relief

Colorado Attorney General John Suthers announced Wednesday that $23 million of the state’s National Mortgage Settlement funds will be used to support affordable housing programs for residents seeking relocation. The funds, which are a portion of the $51.2 million in state settlement funds, will  be used primarily to aid those living in the areas directly… Continue Reading Attorney General: $23 million for housing relief

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Year in review: Residential real estate

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December 6 Sale of apartments largest in Springs history A California-based real estate firm announced it has completed the $54 million purchase of a 322-unit multi-family development in the Briargate area of Colorado Springs. Privately held Passco Companies LLC broke the news in a release that its acquisition of Vue21 (formerly known as Alexan at… Continue Reading Year in review: Residential real estate

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As a young, single and freshly transplanted Coloradan, I’m no stranger to the woes of apartment hunting — as well as the dread of paying subsequent rent and utility bills. The Apartment Association of Southern Colorado released earlier this month its third-quarter “Colorado Springs Metro Area Apartment Vacancy and Rent Study,” which noted that our… Continue Reading Rent up, no vacancy: Young folks just want to move downtown

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Jennings prepares for real estate transition

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Jennings prepares for real estate transition

Longtime Colorado Springs-area residents might remember Sylvia Jennings from her news-delivering days, when she and her husband Wayne worked as KKTV 11 News anchors. But now, many newcomers to the Springs who are looking for a home might know her in her Realtor role, as co-owner of Prudential Rocky Mountain at 216 N. Tejon St.… Continue Reading Jennings prepares for real estate transition

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Colorado Springs Real Estate Briefs Nov. 22, 2002

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Earlier this week the Realtors Commercial and Industrial Society (RCIS) met at the former RockShox offices at 1610 Garden of the Gods Rd. for its November monthly meeting. The commercial and development community turned out in force for remarks by Bill Healy, the city’s new planning director. Based on early conversations with Healy, he’s ready… Continue Reading Colorado Springs Real Estate Briefs Nov. 22, 2002

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