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Report: Commercial market continues to improve slowly

A recent market report from Colorado Springs-based Quantum Commercial Group has indicated continued recovery for the local commercial real estate market — slow as it may be. Quantum’s first market report of 2014 reviewed data from the year’s first quarter, tracking flat or sluggish trends in the metropolitan area’s office, industrial and retail markets. But… Continue Reading Report: Commercial market continues to improve slowly

Changing times: National firm enters market; Sierra Commercial ends 11-year run

Colorado Springs-based Sierra Commercial Real Estate closed its doors this week after more than a decade serving the Pikes Peak region. Owner and President Dave Delich made the call after losing several of his brokers to nationally affiliated firms, but Delich said that parent company Sierra Properties will remain in business. “The brokerage was just… Continue Reading Changing times: National firm enters market; Sierra Commercial ends 11-year run

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Reports promising for commercial, apartments

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Despite seemingly optimistic projections of the Colorado Springs commercial real estate market, a recent first-quarter report indicates net absorption is down in all of the city’s office submarkets. But the year’s first MarketView report for Class A/B office space — done quarterly by Cushman & Wakefield’s Colorado Springs Commercial group — found the negative absorption… Continue Reading Reports promising for commercial, apartments

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Year in review: Commercial real estate

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Year in review: Commercial real estate

Commercial real estate The past year has brought optimism. Vacancy rates are down across the board, supply and demand are beginning to turn the economic tide and the year has been marked by several newsworthy transactions. These pieces highlight some trends and shine light on the underpinnings of a few of Colorado Springs’ most lucrative… Continue Reading Year in review: Commercial real estate

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Recovery continues for commercial market

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The higher you go, the farther you fall, as the old adage goes. While commercial real estate data depict slow progress in recovery from recession-era lows, the region remains in better shape than hard-hit areas in states such as California and Florida, where real estate bubbles caused catastrophic crashes. That said, the commercial real estate… Continue Reading Recovery continues for commercial market

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Gas stations heating up commercial market

One segment of the Colorado Springs commercial real estate market is experiencing explosive growth — gas stations. “It seems like the only thing that’s really moving,” said Lori Ondrick, a retail broker with Quantum Commercial Group. Ryan Tefertiller, a city planner, said everyone in the planning department has dealt with at least one gas station… Continue Reading Gas stations heating up commercial market

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Commercial brokers more optimistic about market

A lot of Colorado Springs businesses have been taking advantage of lower lease rates and moving into nicer office spaces. Class A office space, which is the newest and nicest space in town, was a bright spot in most commercial brokers’ quarterly reports. “This is the most positive quarter we’ve had, if you look at… Continue Reading Commercial brokers more optimistic about market

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Hoff and Leigh continues national expansion

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Hoff and Leigh continues national expansion

Hoff & Leigh, a local commercial real estate firm, is continuing its national expansion with a new office in Arizona slated to open within a couple months. Managing partner Holly Trinidad was in Tucson this week preparing to open a location there. The firm has had an office in Akron, Ohio for several years but… Continue Reading Hoff and Leigh continues national expansion

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O’Neil continues downtown quest with 2nd building purchase

The O’Neil Group purchased the Center City Plaza building at 455 E. Pikes Peak Ave. earlier this month. The O’Neil Group, owned by Kevin O’Neil, also owns Braxton Technology and bought the former Chase Bank building at 6 S. Tejon St. in 2011. O’Neil was a principal in the purchase and was the broker representing… Continue Reading O’Neil continues downtown quest with 2nd building purchase

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Maryland-based Corporate Office Properties Trust, a real estate investment firm, has put its entire Colorado Springs market portfolio up for sale. That’s 16 buildings and more than 1.1 million square feet of mostly Class-A office space. The publicly traded firm’s Colorado Springs holdings account for more than 10 percent of the 9.3 million square feet… Continue Reading COPT puts its 16 buildings, 1.1 million square feet, up for sale

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