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 [...]
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 [...]
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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 [...]
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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 …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 …The excitement and hope commercial real estate brokers put on display at the start of 2012 was mostly gone by the time they started trying to predict what will happen in 2013. “I think we all just wanted it to be behind us,” said Greg Phaneuf, a principal at Cushman & Wakefield Colorado Springs Commercial. [...]
Continue reading …Two emerging national trends in commercial real estate could have ripple effects in Colorado Springs: increased urbanization and institutional investors looking to smaller markets.
Continue reading …Like broken records, commercial real estate brokers are repeating the same moderately upbeat refrain about the market conditions that they’ve been saying: “Well, it’s not getting worse.”
Continue reading …Patrick Kerscher, a principal broker with Landmark Commercial Real Estate, closed a rare deal earlier this week when he sold a multi-tenant retail building at Research and Union boulevards. The 10,700-square-foot space sold for $2.45 million. That was a fair price for seller and buyer, said Tucker Manion, a broker with Centre Point Properties in [...]
Continue reading …When Kati Brewer started looking for a downtown storefront for her Pure Nutrition shop earlier this year, she was blown away by the affordability off Tejon Street.
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