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Broadmoor Resort living

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Broadmoor resort living continues through the luxury housing development of Broadmoor Resort Community. Located along the foothills south of The Broadmoor hotel, Broadmoor tradition is recreated in the Broadmoor Resort Community. This development offers homebuyers exclusive homes and homesites in a gated and secure setting. Tom Schmidt, director of development for the Broadmoor Resort Community,… Continue Reading Broadmoor Resort living

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LKA expands

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After expanding as much as they could in Colorado Springs, the architectural planning services firm of LKA Partners has opened an office in Denver. Jim Strange, a principal in the 30-year-old firm, explained that LKA has had a good year winning contracts. It has grown from 22 employees last year to 36 this year, including… Continue Reading LKA expands

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Cataloging commercial land

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Commercial/industrial sales to investors have lagged. Large-user space has been leased or bought. Very little speculative construction is occurring. "A lot of the supply is gone," said Ted Link of Highland Commercial Group, referring to commercial real estate in the area. "The next thing is land, and that spurs speculative building." How much land is… Continue Reading Cataloging commercial land

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Conference center expands

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Cheyenne Mountain Conference Resort, located at 3225 Broadmoor Valley Road, will increase its number of rooms by 40, bringing the total to 316. Groundbreaking is expected to start next month on the addition, which will include three meeting rooms as part of the improvements. Cheyenne Mountain is owned by Cornerstone Real Estate Advisors, a subsidiary… Continue Reading Conference center expands

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Tutt inducted into Business Hall of Fame

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Add one more accolade to the distinguished career of William Thayer Tutt, albeit posthumously. Tutt was inducted into the Colorado Business Hall of Fame last week. Tutt, best known as president of The Broadmoor hotel from 1961 to 1977 and promoter of amateur sports internationally and specifically in Colorado Springs, died in 1989 at the… Continue Reading Tutt inducted into Business Hall of Fame

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Casinos grow

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Colorado casinos ended their fifth year with continued double-digit growth after recording $37.4 million in adjusted gorss proceeds in September, according to figures released this week by Division of Gaming officials. Cripple Creek’s 26 casino reported $10.5 million in AGP in September, down less than $100,000 from August, which accounted for 28.2% of the statewide… Continue Reading Casinos grow

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Sears sells Broadmoor homes

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Greeley-based Sears Real Estate has come to Colorado Springs as the developer and sales office for Broadmoor Village at 4112 San Felice Pointe. Joe Whisenand, president of Sears and Co., said Sears Real Estate has 25 agents in Colorado. The company develops subdivisions, constructs new homes, and helps other developers sell their developments. In Colorado… Continue Reading Sears sells Broadmoor homes

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Shopping for office space has gotten tighter in the last three months as vacancy rates have dropped from 7.6% in June to 6.9% by the end of September. Vacancy rates for Class A office space have shown a similar decline from 6.3% in June to 4.9% in September. Turner Commercial Research, which tracks 34 Class… Continue Reading Office vacancy rate drops, speculative building is slim

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CU-Springs seeks funding

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University of Colorado at Colorado Springs has requested $2.3 million to begin a $27.5 million library expansion at the campus. The remaining funds have been requested in two installments of $11.8 million in 1998 and $11.5 million in 1999 to finish the job. CU-Springs, which is undergoing $42.5 million worth of construction, needs the library… Continue Reading CU-Springs seeks funding

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Griffis/Blessing has experienced at least 50% growth in every aspect of its business in the last year. The 11-year-old firm has closed, or will close by the end of the year, several multi-million dollar deals that will increase the value of its multifamily portfolio to more than $135 million. The addition of four shopping centers… Continue Reading Griffis/Blessing acquires property, continues to grow

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