by Rob Larimer Published: February 21,2012
Tags: Grubb & Ellis
Grubb & Ellis Co. has filed for bankruptcy protection in a bid to stave off creditors amid mounting debt. The Santa Ana, Calif.-based company also said it has arranged to sell most of its assets to the parent of rival commercial real estate services company Newmark Knight Frank. Colorado Springs’ closest association to Grubb & [...] [...]
by Becky Hurley Published: October 23,2009
Tags: Berkshire Center, Doug Carter, Eddie Hurt, ERA Shields, Grubb & Ellis, NAI Highland Commercial Group, PetCo
Increased retail closings or lease defaults have spurred repositioning efforts and marketing creativity on the part of some building owners. A former PetCo store at 5720 N. Academy Blvd in the Berkshire Center, for example, was purchased during 1993 by a Pebble Beach, Calif., investor for $775,000. The pet supply company’s 12,558-square-foot lease ran out [...] [...]
by Becky Hurley Published: July 22,2009
Colorado’s Grubb & Ellis commercial real estate and investment brokers predict a gradual quarter-by-quarter office vacancy rate increase through the rest of the year. Senior economist Bob Bach said lease rates will continue their downward slide, increasing 17.6 percent for second quarter. As a result, some tenants who are able to do so will take [...] [...]
by Becky Hurley Published: March 13,2009
Tags: economy, Genesis group, Grubb & Ellis, Housing, Real Estate
In its fourth quarter recap of the Colorado Springs residential real estate market published this month, the Denver-based Genesis Group provided a forecast for the remainder of 2009. Acknowledging current “bleak conditions,” Genesis reporter Sue Selle said Colorado Springs is better positioned to improve once the national economy begins to recover. She also cited the [...] [...]
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