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Home prices declining slower in Colorado Springs

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To begin the year, there’s good and not-so-good-news regarding home prices in the Pikes Peak region. The area compared favorably with the rest of the country, based on First American CoreLogic’s loan performance home price index. Based on the latest HPI results reported during December, home prices had continued their year-over-year decline nationally through October… Continue Reading Home prices declining slower in Colorado Springs

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G.E. Johnson Construction Co. just completed work on the $4.5 million St. Anthony Summit County Medical Center. The 12,739-square-foot mountain community project came in ahead of schedule and under budget, said spokesman Al Slattery. The new hospital wing expansion includes 10 additional beds, four intensive care unit beds and six progressive care patient rooms. “Our… Continue Reading Hospital building proves to be a boon for G.E. Johnson

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Residential real estate round-up On the heels of a tough 2008, January 2009 kicked off with guarded optimism from the realtors and home builder industries. Existing home sales for 2008 fell 10 percent, compared to the year before, according to the National Association of Home Builders. But, by January 2009, the Federal Reserve had lowered… Continue Reading Year in Review: Real Estate

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Expanding retailers focusing in on Colorado

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This week, the International Council of Shopping Centers sponsored its annual Denver Retail Runway at the downtown J.W. Marriott hotel. The event is considered “unique,” said ICSC spokesman Jesse Tron. “We do other kinds of ‘alliance’ programs and NexGen programs in other parts of the country, but this is a specific opportunity for brokers, developers… Continue Reading Expanding retailers focusing in on Colorado

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Stormwater basins unlikely amenities

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Stormwater detention facilities seldom make the list of “must-see” real estate. Usually found in or near major residential or commercial developments, they are utilitarian — sometimes downright unattractive — dirt-concrete-and-rock catch-basins designed to store and redistribute storm water or heavy snow melt. New facilities are incorporated into a larger master plan which is reviewed and… Continue Reading Stormwater basins unlikely amenities

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It’s a bonanza, just waiting to be claimed. The prize: almost 8 million U.S. green construction jobs that will pump $554 billion into the economy through 2013. And of that half a trillion dollars, an estimated $396 million is projected for wages. The industry’s upside potential was confirmed in the results of a study released… Continue Reading Green-focused builders predicted to see big pay day

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Some of the area’s general contractors are adding boutique projects to their broader portfolio of office and retail buildings, high-rise multifamily, correctional facilities and schools. Here’s a brief look at two interesting projects in the works. Zoo to add Grizzly Grill J.E. Dunn Construction just broke ground on the Grizzly Grill, a 4,900-square-foot dining facility… Continue Reading Zoo’s Grizzly Grill part of contractors’ move to ‘boutique’

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Plan B

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Roller coaster of real estate not for everyone Upon returning to his hometown during 2007 after more than six years working for a national telecommunications provider in Denver, newly licensed commercial real estate broker Andrey Trinidad was ready for a career change. He joined Hoff & Leigh in Colorado Springs, where his brother was working… Continue Reading Plan B

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Weidner buys Parkmoor

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The 328-unit Parkmoor Village Apartments at 3688 Parkmoor Village Drive been purchased by Weidner Investment Services of Seattle, Wash., for $12.1 million. The buyer also owns several other Colorado Springs apartment communities. The Lively Family Trust had owned the 15.5-acre property for 37 years. “Most of the units are two-bedroom, two-bath. The family bought it… Continue Reading Weidner buys Parkmoor

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D&B Precision Products makes major purchase

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D&B Precision Products purchased this two-building complex for $1.2 million. A growing family owned company, D&B Precision Products, has purchased a 20,250-square-foot, two-building manufacturing facility at 55, 65, 75 and 85 Mount View Lane for $1.2 million. The seller, M.C. Leasing LLLP, was represented by Mike Helwege and Steve Bach of Bach Real Estate Partners.… Continue Reading D&B Precision Products makes major purchase

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