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Real Estate Briefs August 2, 2002

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Congratulations this week to the City of Fountain for its 2002 designations as one of the country’s top ten “All American Cities.” Mayor Ken Barela and City Manager, Greg Nyhoff, along with the Fountain City Council definitely get credit for raising the awareness, the commitment and the money (the national competition requires that a city… Continue Reading Real Estate Briefs August 2, 2002

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Real Estate Briefs July 26, 2002

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According to UCCS College of Business and Administration’s Southern Colorado Economic Forum Senior Economist Fred Crowley, Colorado Springs has begun to recover from a brief recession, but is trailing the national recovery by several months. He arrives at this conclusion in the Forum’s Quarterly Updates and Estimates. His analysis is based on measuring several key… Continue Reading Real Estate Briefs July 26, 2002

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Wealth of office space forcing low rents

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Last year’s departure of Quantum’s manufacturing operation, downsizing at MCI and Intel as well as a shake-out in the dot.com industry has left its legacy in sublease space. The glut of vacant, but leased office and industrial space exceeds 1.3 million square feet in second quarter 2002 – pushing overall vacancies to an eight-year high.… Continue Reading Wealth of office space forcing low rents

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Real Estate Briefs July 12, 2002

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High-end buyers are still snapping up executive home sites along the Front Range like crazy. In spite of a slow national economy, luxury communities like Stratton Preserve, Stratton Pines, Stratton Forest, The Spires, University Park, Pine Creek, Cedar Heights and The Broadmoor Resort Community, for example, are recovering nicely from the fall 2001 down market.… Continue Reading Real Estate Briefs July 12, 2002

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When Frank Davis, director of facilities at Phil Long Ford, went looking for bids on building maintenance, he interviewed local firms and chose Aspen Diversified Industries (ADI) to do the job. Pretty typical, right? But ADI is not a typical company.In truth, ADI’s chief, Ken Barela, is actually an “executive director”, and the company’s 120… Continue Reading Vocational training company builds lives and business

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Last week I received notice (as did most RCIS members) from Andy Oyler at Grubb & Ellis Quantum Commercial of “wants and needs.” Don’t you love it? Even in a slowed commercial real estate market, there are always clients looking for a diamond in the rough or a good property in a key location. It… Continue Reading Colorado Springs Real Estate Transactions – June 21, 2002

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According to experts in the field of property management, the times they have been a-changin’. No longer is the field dominated by single building owners, responsible for all maintenance, rent collection and leasing. Today’s property managers are often responsible for multiple properties and thousands of units — perhaps part of a Real Estate Investment Trust… Continue Reading Today’s property manager poised for new challenges

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FYI: Large Ranches Read an interesting article in the May issue of Colorado BIZ on the remaining large tracts of land in Colorado — and who owns what. The Greenland Ranch has become a permanent development buffer between Colorado Springs and Denver – particularly on the west side of I-25. The 21,000-acre parcel (straddling both… Continue Reading Briefs: Ranch serves as CO Springs, Denver buffer+

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Last week I joined a group of fifteen realtors on the “Sales Group Tour,” a monthly shuttled event, organized by Steve Wrestler of Prestige Properties. The program is an informal one – cost is just $50 per year to get on the list. What a great, low-key way to get educated about the Pikes Peak… Continue Reading Briefs: Realtors take shuttle tour of area homes+

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For those who follow real estate activity to the north, this information may be interesting. Schuck Update Dennis Champine has been named vice president of TransPort, the 6,300 acre transportation/distribution/business center in Aurora (contiguous to the Front Range Airport in Adams County), under development by Colorado Springs’ own Schuck Corporation. Champine served two four-year terms… Continue Reading Briefs: Distribution/biz center names new VP+

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