by Amanda Miller Published: December 22,2011
The state of the U.S. economy played a definitive role in the Colorado Springs region’s top real estate deals this year. Investors swooped in to buy bank-owned properties at discount prices. Local and out-of-state apartment-management companies bought several complexes to capitalize on apartment demand, which is at a 10-year high. And large nonprofits with deep [...] [...]
by Amanda Miller Published: December 16,2011
The commercial real estate outlook is a little rosier for 2012, thanks in large part to Wal-Mart and nonprofit organizations. Although office vacancies remained unchanged this year, retail and industrial vacancies dropped some, according to Sierra Commercial Real Estate. Throughout the city, office vacancies are about 17 percent — but that number trends higher in the northern [...] [...]
by Amanda Miller Published: December 13,2011
Tags: commercial real estate, Industrial, Office, Retail, trends, year-end
Thanks to Wal-Mart and nonprofits, the commercial real estate outlook is a little rosier for 2012. Although office vacancies remained unchanged this year, retail and industrial vacancies dropped some, according to Sierra Commercial Real Estate. Throughout the city, office vacancies are about 17 percent – but that number trends higher in the northern area of the city [...] [...]
by Amanda Miller Published: October 14,2011
Commercial office-space vacancy rates are high in the north, and retail vacancy rates are high in the eastern-central part of town. But industrial space is slowly filling throughout the city, two commercial brokerage firms say. Two firms, Sierra Commercial Real Estate and Hoff & Leigh Commercial Real Estate, each recently released their third-quarter reports. While the [...] [...]
by Amanda Miller Published: July 15,2011
Tags: commercial real estate, Hoff & Leigh, office vacancy, sierra commercial real estate
Office vacancies remain high in the newly constructed buildings on the north end of Colorado Springs. Both Hoff & Leigh Commercial Real Estate and Sierra Commercial Real Estate released their second quarter reports this week and while the statistics varied, both documented high vacancy rates in commercial office space in the northern part of the city, [...] [...]
by Becky Hurley Published: October 22,2010
Tags: commercial real estate, Print
Recent headlines about tighter residential mortgage and lending requirements might suggest that commercial real estate lending is in the same boat. That’s just not the case, says Terrix Financial Principal Brandon Rogers. “It’s actually loosening quite a bit,” the Denver-based lender said. Rogers said the shift has occurred not only among banks and commercial lenders but for large [...] [...]
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 [...] [...]
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