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University Village: prosperous property

University Village: prosperous property

Five years have passed since part of a fledgling urban renewal project in north-central Colorado Springs began a journey to become a shopping and dining mecca. In those five years, University Village Colorado — an 80-acre property once peppered with derelict motels and blight — has become a major source of both employment and tax… Continue Reading University Village: prosperous property

CRE market flat; investors pounce

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CRE market flat; investors pounce

The Colorado Springs commercial real estate market, according to a recent report, remained mostly flat in the third quarter of 2014. The Quantum Commercial Group Inc. quarterly report painted a picture of the market as one that has cooled in recent months and is being harvested by opportunistic investors attracted by good prices and low… Continue Reading CRE market flat; investors pounce

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Marijuana grow operations affect vacancies

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Marijuana grow operations affect vacancies

Vacancy rates in the industrial sector of commercial real estate in Colorado Springs continue to decline, due in part to marijuana grow operations here, say Realtors familiar with the issue. “Because of the medical marijuana and the need for space to grow plants, that has continued to cause a lower vacancy rate, both for opportunities… Continue Reading Marijuana grow operations affect vacancies

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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

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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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