by Amanda Miller Published: May 10,2012
Tags: apartments, Colorado Springs, Real Estate, rent, vacancy
Apartment vacancy rates in Colorado Springs were above the state average in the first quarter of this year. The city was also just one of a few metro areas in the state where vacancy rates were higher than last year. The vacancy rate was 6.4 percent in Colorado Springs, which was up from 5.8 percent [...] [...]
by Amanda Miller Published: May 7,2012
Tags: apartments, Colorado Springs, rent, vacancy
The lower apartment vacancy rates and higher rents reported in last week’s survey from the Colorado Division of Housing are good for apartment property owners ... [...]
by Amanda Miller Published: March 30,2012
Tags: apartments, development, Downtown
Downtown advocates know that one of the primary ingredients for revitalization is residential development, but apartments are going up everywhere around the city except in the urban core. [...]
by Amy Gillentine Published: March 8,2012
Tags: apartments, Colorado Springs, Real Estate, Seagate Properties
Seagate Properties just purchased its third apartment complex in the past 10 months in Colorado Springs. The California-based investment company bought Sunset Creek Apartments, a 310-unit apartment complex, located at 5400 N. Nevada Ave. The purchase price was $20.5 million. “Sunset Creek was an off-market opportunity to acquire a well-located, low-density community with great potential,” [...] [...]
by Amy Gillentine Published: February 15,2012
Tags: apartments, Colorado Springs real estate, Copper Chase, Real Estate, Seagate
Seagate Properties purchased a 190-unit garden-style apartment building on Southgate road for $9.7 million. Copper Chase Apartments is the fourth purchase by the company. It also bought Cascade Park Apartments, Boulder Crescent Apartments and Filmore Ridge Apartments. They own the Dakota at Governor’s Ranch in Littleton, as well. Trent Isgring, who opened the company’s Denver [...] [...]
by Amanda Miller Published: February 10,2012
Tags: apartments, Vacancy rate
Despite fourth quarter apartment vacancy increases and rental-rate declines, Colorado Springs real estate insiders say the market is still on the upswing and will be able to support new development. Year over year, fourth quarter vacancies in Colorado Springs apartments were down, according to two reports — a statewide report from the Colorado Division of [...] [...]
by Amanda Miller Published: February 6,2012
Tags: apartments, Colorado Springs, Cordera
La Plata Communities is proposing an eight building, 128-unit apartment development on 12 acres adjacent to its upscale Cordera neighborhood, where home prices range from $300,000 to $800,000. La Plata sent an e-mail to Cordera residents inviting them to attend an information meeting last night from 6 to 8 p.m. at the Cordera Community Center, [...] [...]
by Amanda Miller Published: January 27,2012
Tags: affordable housing, apartments, Colorado Springs, greccio
Greccio Housing is preparing to close on two apartment buildings that will increase their inventory of affordable housing by more than 30 percent. Lee Patke, Greccio executive director, said he couldn’t discuss specifics about the buildings or the bank that owns them until the closings on Feb. 6 and March 6. But the two buildings, [...] [...]
by Amanda Miller Published: January 5,2012
Tags: apartments, Colorado Springs, Nor'wood, Real Estate
Nor’Wood Development Group is diving head-first into the apartment business for the first time since the company’s infancy. It is partnering with Irvine, Calif.-based Western National Realty Advisors to build four apartment complexes with at total of 1,075 units in Colorado Springs and Fountain. “We were involved in the apartment business many, many, many years [...] [...]
by Amanda Miller Published: December 6,2011
Griffis/Blessing purchased the property from The Praedium Group, based in New York City, and Hamilton Zanze, based in San Francisco. [...]
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