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Report: Foreclosures drop in Colorado Springs

29. January 2013

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Foreclosure rates in Colorado Springs fell year-over-year in November, according to data from real estate analysis firm CoreLogic. Among outstanding mortgages in the city, 1.11 percent were in some state of foreclosure in November. That’s down from 1.47 percent a year ago, according to the report. The foreclosure rate in Colorado Springs was much lower […]

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Taylor Farms building sells to out-of-state investors

10. January 2013

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Taylor Farms A California investment company recently purchased the 83,616-square-foot Taylor Farms building near the Colorado Springs Airport . The food manufacturing and distribution business will remain a tenant in the facility. But former owner, TF Development sold the property at 890 N. Newport Road to Pacific View Investments. Dale Stamp, Andy Oyler, Barry Higgins […]

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Griffis/Blessing buys Broomfield apartments

8. January 2013

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Colorado Springs-based Griffis/Blessing, Inc. purchased  a 216-unit apartment complex in Broomfield in late December. The complex, Willow Run Village Apartments, was built in 1999 and sits on 10.65 acres. It is a mix of 48 one-bedroom, 120 two-bedroom, and 48 three-bedroom units. Community amenities include a clubhouse, fitness center, swimming pool, spa, dog park, sand […]

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Quantum Commercial announces recent lease deals

17. December 2012

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Quantum Commercial Group announced several new lease deals in recent months. GMI leased 1,750 square feet of office space at 5801 N. Union Blvd. (80918). Andrew Oyler negotiated the agreement with landlord OC International and Quantum reported that there were no other brokers involved in the deal. Staples Contract & Commercial leased 4,616 square feet […]

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Orthopaedic center buys 30,000 square feet in north

10. December 2012

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Colorado Center of Orthopaedic Excellence purchased 30,000 square feet of office space at 2438 Research Parkway. The $2.84 million purchase included a 23,000-square-foot building and the full first floor of a neighboring building. The orthopaedic center will use the buildings to consolidate all of its Colorado Springs offices, physical therapy, clinical space and surgery center […]

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California company buys 9 properties at foreclosure sale

6. December 2012

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A California firm scooped up nine of the 11 properties that sold to investors at the El Paso County Public Trustee’s foreclosure auction Wednesday. It’s unusual for one buyer to claim so many properties at the sale, said trustee Tom Mowle. Mowle said he’d never seen the California buyer at auctions before. It’s also unusual […]

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Trustee: Market returning to normal

3. December 2012

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Deed releases and new foreclosure filings are back to historically “normal” levels, according to El Paso County Public Trustee Tom Mowle. His office only processed 212 new foreclosure starts in November. That’s the lowest monthly total since December 2006. “We have been expecting this drop for some time now,” Mowle writes in his monthly report, […]

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Investors buy 3 properties at foreclosure auction

29. November 2012

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Investors bought three of the 41 properties that sold in the El Paso County Public Trustee’s foreclosure sale on Wednesday, Nov. 28. The rest sold back to the lenders. AMC Properties paid $39,708.50 for a 1,492-square-foot condominium built in 1974 at 3460 #G Parkmoor Village Drive (80917). That was $50 more than lender Wells Fargo’s […]

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Quantum Commercial announces three new business leases

28. November 2012

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Quantum Commercial Group has negotiated three new commercial leases in recent months. Mountaintop Dermatology leased 2,05 square feet in the Rogers & Platt Dental Building at 2465 Research Parkway (80920). Susan Beitel, an agent with Quantum, represented the building owner. Roger Hernandez, an agent with Carr Heath Care Realty represented the tenant. Team Select Home […]

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Investors buy 2 properties at foreclosure sale

21. November 2012

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Investors bought two of the 40 properties that sold in the El Paso County Trustee’s foreclosure sale Nov. 21. The rest sold back to the lenders. David Stratton and Stanley Kline paid $113,738 for a 1,620 two-story home built in 1989 at 9108 Chieftan Drive (80925). That was $50 more than lender Wells Fargo’s initial […]

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