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‘More of the same’ in commercial real estate

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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 ‘More of the same’ in commercial real estate

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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 Urbanization: National trends could impact local market

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Ho-hum numbers muffle commercial optimism

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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 Ho-hum numbers muffle commercial optimism

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Multi-tenant retail sale is positive sign

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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 Multi-tenant retail sale is positive sign

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Lower rents changing downtown tenant mix

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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. Continue Reading Lower rents changing downtown tenant mix

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Downtown’s retail scene has made a positive turn in the past year as vacant storefronts are beginning to fill. Continue Reading More retail steps up to fill Tejon vacancies

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New buzz and energy in the commercial real estate market has some local brokers cautiously optimistic that this is the beginning of better times, but others in the industry remain skeptical. “There’s definitely activity,” said R.D. Trinidad, president and managing broker at Hoff and Leigh. “We’re having more positive inbound calls than we’ve had in… Continue Reading Commercial real estate energy could forecast 2012 recovery

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2011’s biggest real estate deals

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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… Continue Reading 2011’s biggest real estate deals

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Commercial market’s pulse returns

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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… Continue Reading Commercial market’s pulse returns

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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… Continue Reading Sierra report: Commercial real estate trending up

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