by Becky Hurley Published: August 6,2010
Tags: commercial real estate
It would take roughly a decade before enough jobs could be created to fill the 10 million or so square feet of office and industrial space vacant in Colorado Springs. That estimate, reflecting a consensus of Realtors surveyed by the Business Journal, is based on a simple calculation: it takes one new primary job to fill [...] [...]
by Becky Hurley Published: April 1,2010
Tags: banks, commercial real estate, loan default
CNBC reported Wednesday that by the end of 2010, about half of all commercial real estate mortgages will be underwater. “They are [mostly] concentrated in the midsized banks,” said Elizabeth Warren, chair of the Congressional Oversight Panel. “We now have 2,988 banks, mostly midsized, that have these dangerous concentrations in commercial real estate lending.” As [...] [...]
by Becky Hurley Published: February 12,2010
Tags: commercial real estate, forecast, pressure
Strong forecasts, deals anchor hope for commercial real estate investors The Pikes Peak region commercial real estate market — as is true in most parts of the country — serves as an economic health barometer. And today’s readings show pressure is rising on the local real estate investment scene. Concerns about overleveraged or devalued commercial real estate, owned by investors [...] [...]
by Becky Hurley Published: November 6,2009
The process that brings new office buildings, schools, commercial centers and civic or government structures into the construction pipeline has been temporarily stalled by tight money and sidelined investors. So, what does the future hold for those involved in the design and construction of tomorrow’s signature buildings or urban centers — the architects, contractors and engineers [...] [...]
by Becky Hurley Published: May 7,2009
Tags: commercial real estate, Southern Colorado, Sunflower Farmers Market
Southern Colorado’s first Sunshine Farmers Market is scheduled to open May 27 at 1730 Dublin Blvd. The natural and organic grocer signed a 10-year lease with options on the space, which was purchased during April by Golden Properties LLC for $2.6 million. Sunflower’s owners also founded one of Colorado’s first successful organic grocery chains - Alfalfa’s, which later became Wild [...] [...]
by Becky Hurley Published: April 3,2009
Like their counterparts in office brokerage who addressed vacancy and rent rate trends last week, local retail, investment and industrial deal makers also are facing unprecedented economic challenges. Here’s a brief look at those market segments, offered by those on the front lines of commercial sales and leasing. Retail: Market contraction Through the first quarter of 2009 nationally, [...] [...]
by Becky Hurley Published: March 27,2009
Tags: commercial real estate
As the national economy’s challenges ripple into regional and local markets, Colorado Springs finds itself dealing with its sixth downturn in 40 years. Some brokers, however, still believe the local commercial real estate market is in an enviable position. Researchers at Grubb & Ellis, for example, published their national 2009 forecast during late 2008, just as analysts [...] [...]
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