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AspenPointe purchases industrial space

(Published 2:40 p.m., April 4) AspenPointe Enterprises looks to expand its job training programs and consolidate its warehouse space with the purchase of a new 27,200-square-foot industrial building southeast of Circle Drive and Interstate 25. The facility, which sits on 2.58 acres, provides the business arm of nonprofit AspenPointe with a valuable space, said Jonathan… Continue Reading AspenPointe purchases industrial space

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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The industrial leasing market continues to suffer nationally and isn’t showing much sign of improvement here, either. In a just-released report, Grubb & Ellis chief economist Bob Bach said developers nationwide completed 4.3 million square feet of new industrial space in the first quarter, the lowest rate in at least the past decade. What’s more,… Continue Reading Recovery in industrial real estate still years away

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Perhaps as a result of historically high foreclosure rates, tight credit or a slow residential resale market, an increasing number of homes – and some commercial buildings – are now being offered for rent. As a result, property management companies are forming to handle the workload Dominion alliance ‘hands on’ Dominion Property Management, a partnership… Continue Reading Property management companies springing up, flourishing

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Like their counterparts in office brokerage who addressed vacancy and rent rate trends last week, local retail, investment and industrial deal makers also are facing unprecedented economic challenges. Here’s a brief look at those market segments, offered by those on the front lines of commercial sales and leasing. Retail: Market contraction Through the first quarter… Continue Reading Retail down; industrial sector holding steady

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