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Market changes spur apartment construction

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While lower apartment vacancy and rising rents don’t sound good to tenants, they’re welcome news for the apartment real estate market. Sustained vacancy rates around 6 percent, combined with continually rising rents, have cleared the way for new construction and high-dollar real estate transactions. The Colorado Division of Housing released its quarterly vacancy and rent… Continue Reading Market changes spur apartment construction

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Pioneers Museum restoration work continues

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The Colorado Springs Pioneers Museum has launched the second phase of its exterior restoration project. Director Matt Mayberry said the museum is still open even though of the construction barriers and renovation workers. “A few people have called us to find out what the heck is going on,” Mayberry said. “The barriers are in place… Continue Reading Pioneers Museum restoration work continues

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Home builders are emerging from the recession with some of the strongest sales and activity figures they’ve seen in years. Continue Reading Spike in new-home sales is welcome news for builders

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U.S. builders barely increased their spending on construction projects in March after two straight months of declines. A pickup in single-family home construction and commercial projects offset a steep drop in state and local government building. The Commerce Department said Tuesday that construction spending ticked up 0.1 percent. The small March gain left construction spending… Continue Reading U.S. construction spending barely increased in March

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The Defense Department has awarded a contract worth $9.9 million for construction of a new brigade headquarters at Fort Carson. The contract was awarded to Komada LLC of Colorado Springs. The project is expected to be finished by late July 2013. No other information was immediately available. The contract was announced last week.

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Woodmen Road open house Wednesday

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The City of Colorado Springs will present the second phase of its Woodmen Road expansion plans during an open house Wednesday. The second phase calls for expanding the road from four lanes to six between Academy Boulevard and Lexington Drive. It also includes the addition of sidewalks, bike lanes and landscaping from Stinson Road to Powers Boulevard. Planners… Continue Reading Woodmen Road open house Wednesday

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When Jared St. Aubyn went to contractors in 2009 and said he wanted to start his own homebuilding business, they raised their eyebrows. “I’m pretty sure most people thought I was nuts,” St. Aubyn said. It was a time when new housing starts were their lowest in decades, new homes sales were nearly dead and… Continue Reading St. Aubyn’s homebuilding business wins on bold bet

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Fort Carson opens new training facility

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Fort Carson is opening its new Training Support Center facility this week, according to post officials. The facility will house more than 500 training devices to help soliders conduct and become certified in a wide variety of military skills – including how to provide first aid in a combat situation and how to identify and… Continue Reading Fort Carson opens new training facility

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Crews to begin Vincent Drive work

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Blue Ridge Construction will begin work on realigning Vincent Drive and creating a new intersection with it and Dublin Boulevard on Monday. Crews will extend Vincent Drive south over an existing stone masonry culvert crossing at Cottonwood Creek. Before roadway work starts, crews will do extensive utility work with minor traffic encroachments. They will grow… Continue Reading Crews to begin Vincent Drive work

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While the cost of construction supplies edged down 0.2 percent in December, they still finished the year 5.3 percent above 2010 prices, according to a report from the  Association of General Contractors of America. Rising supply costs have cut into contractors’ bottom lines as they haven’t been able to increase what they charge by as… Continue Reading Material prices still squeezing construction profit

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