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Village at Peregrine Starts Sales

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Lifestyle Builders Inc. started sales and development of their new luxury patio home community, “The Village at Peregrine.” This is the first high density development in the 10-year-old Peregrine area, which is in the northwest foothills. Within the 17-acre managed community will be 50 individual homes surrounded by bluffs, trees, and rock-out croppings. Jack Brady,… Continue Reading Village at Peregrine Starts Sales

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Van conversion company grows

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An adaptive mobility business in Colorado Springs is upwardly mobile. Morning Star Mobility, which supplies physically challenged people with mobility products from stair lifts to specially equipped vans, nearly doubled its projected revenues in 1996. The company will expand its leased space while trying to find land to build a new facility, and plans to… Continue Reading Van conversion company grows

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Part of Local History Sold

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The last remaining parcel of the former Alexander Film Company property at 3200 N. Nevada Ave. was sold on Jan. 6 for $850,000. Alexander Properties LLC purchased the land from Cortlandt Deitler of Denver. The site, located near the intersection of North Nevada and Fillmore, consists of 11.37 acres, including approximately 10 buildings. Tom Brown,… Continue Reading Part of Local History Sold

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Defense contractor leases office

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Colorado Springs’ newest defense contractor, SY Technology Inc., leased 9,533 square feet of office space at 1050 S. Academy Blvd., suite 120, in October of last year. However, office build-outs have kept SY in suite 320 since that time. The company should be in its new office this week, according to Jack Tyler, director of… Continue Reading Defense contractor leases office

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Summit Container Corp. moves to Monument

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Colorado Springs-based Summit Container Corporation, whose president was recently named Small Business Person of the Year by the Greater Colorado Springs Chamber of Commerce, will relocate and open a large manufacturing plant in Monument within the next few months. The plant will manufacture corrugated materials used in packaging. The relocation will consolidate the two current… Continue Reading Summit Container Corp. moves to Monument

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Ridgeview Place Sold

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Ridgeview Place Apartments, 3310 Knoll Lane, were purchased for $16.4 million by Alexander Building Company, an affiliate of Griffis/Blessing. The Alexander Building Company purchased the 336 unit complex from Ridgeview Place Associates, an affiliate of the Balcor Company. The complex is approximately 296,720 square feet.

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Higby Ranch Sold

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Carl N. Turse and Linc. Trust Co. purchased 240 acres of the Higby Ranch at 425 E. Higby Road for $1.4 million. Dale Wheeler, of Palmer McAllister’s advisory services, said the eastern 240 acres of the ranch was purchased for approximately $6,000 per acre from Bill Higby. “That is the highest price I can recall… Continue Reading Higby Ranch Sold

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Palmer McAllister previews 1997

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Colorado Springs’ real estate market made it through 1996 with flying colors and is expected to do the same in 1997, said Rick Pederson, managing director of Ross Consulting Group during Palmer McAllister’s annual commercial real estate market report and projection Tuesday. The number of people migrating to Colorado Springs in 1996 spurred the economic… Continue Reading Palmer McAllister previews 1997

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A longtime struggle between management and workers moves from the Appalachian coal fields to the Rocky Mountains this week. The Westmoreland Coal Co. bankruptcy case began in Denver District Court on Jan. 9. The Chapter 11 protection suit filed by Westmoreland Coal Co. began yesterday with an administrative hearing to discuss procedures that will be… Continue Reading Westmoreland Coal's battle to remain viable goes to court

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Apartments sold

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Investors Real Estate Trust has closed a deal on The Neighborhood Apartments, located st 3504 Van Teylingen Drive in Colorado Springs. The purchase price for the property was $10.75 million — almost $56,000 per unit. The property consists of 192 units, covering approximately 209,237 square feet. CB Commercial, a Denver brokerage and management group, represented… Continue Reading Apartments sold

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