Downward pressure on commercial office building values is taking a toll on owners and landlords here and throughout the country.
It’s also opening the door to opportunity for cash-rich investors, according to a Council of Commercial and Industrial Management and the Real Estate Research Corp. study.
Data gathered from markets throughout the country showed that a commercial [...] [...]
Sales of previously occupied homes plunged last month to the lowest level in 15 years, despite the lowest mortgage rates in decades and bargain prices in many areas.
July’s sales fell by more than 27 percent to a seasonally adjusted annual rate of 3.83 million, the National Association of Realtors said Tuesday. It was the largest [...] [...]
Gold Hill Mesa Partners, the ownership group behind a 216-acre residential development on the city’s Westside, is waiting to hear from the U.S. bankruptcy court if it can buy back 46 single-family and multi-family lots it sold to John Laing Homes in 2007.
Laing declared Chapter 11 bankruptcy in February 2009, closing dozens of projects in [...] [...]
At least two of the largest lienholders in the Colorado Crossing development fiasco have discussed the possible takeover of the project from developer Jannie Richardson.
Jim Johnson, the CEO of G.E. Johnson Construction, of one of the companies owed money in the project’s collapse, said no firm plans have emerged from the talks but that his [...] [...]
Local ground-up commercial development has generated few, if any, headlines in the past couple of years.
Even the multifamily sector, with its improving occupancy rates and up-tick in rents, hasn’t seen a new apartment complex built in the last five years.
But there’s now some new activity to report.
Construction is about to begin on three new buildings [...] [...]
There’s a glimmer of good news on the home sales front: the high-end market is picking up.
Between Jan. 1 and June 30, 14 homes priced at $1 million and up have sold in El Paso County. That’s compared to 11 homes sold at that price or higher in the same period of 2009.
In better news [...] [...]
Fifteen months ago, a private investment group headed by Colorado Spring’ own Schuck Corp. President Bill Schuck announced it would invest $400 million or more in an 90,000-seat auto racetrack and entertainment complex on 1,100 acres of land near the Denver International Airport.
A year later, the group has lined up financing, completed detailed schematics and [...] [...]
Colorado may be home to great scenery and mountainscapes, but for those looking for their very own tourist town east of the Mississippi, there’s great news this week.
Strasburg, Va. - a place famous for its antique shops, civil war memorabilia and quirky attractions - will be auctioned for sale on July 22.
Much of [...] [...]
Like a barometer, apartment rental rates provide a measure of the Pikes Peak economy — and this summer the pressure is rising, though demand could soon drop even faster.
Vacancy rates in apartment communities of 50 units or more are down to a 10-year low of 6.1 percent, compared to about 8.4 percent last year.
Not surprisingly, [...] [...]
About half of the area’s Wal-Mart stores are in the midst of a remodel.
On the list are five of its 11 Pikes Peak region stores (that includes three Sam’s Clubs), all part of a broader strategy to revitalize the retailer’s bricks-and-mortar image.
The first makeover occurred at the city’s busiest store off East Platte Avenue near [...] [...]
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