by Amanda Miller Published: January 24,2012
Tags: Colorado Springs, El Paso County, Foreclosure, Real Estate
Following are the most expensive foreclosures greater than $200,000 that sold at the El Paso County Public Trustee’s foreclosure auction on Wednesday, Jan. 11. [...]
by Associated Press Published: January 23,2012
Tags: federal government, mortgage agreement, ovehaul, Real Estate, settlement, states
A draft settlement between the nation’s major banks and U.S. states over deceptive foreclosure practices has been sent to state officials for review. Those who lost their homes to foreclosure are unlikely to get their homes back or benefit much financially from the settlement, which could be as high as $25 billion. About 750,000 Americans [...] [...]
by Amanda Miller Published: January 20,2012
Tags: Foreclosures, Real Estate
A Denver lawmaker plans to sponsor a bill this year that aims to require lenders to prove they are the holders of evidence of debt before they foreclose. Rep. Beth McCann, D-Denver, is sponsoring the bill in hopes of making the foreclosure process cleaner and fairer for homeowners. Colorado Springs real estate attorney Stephen Brunette [...] [...]
by Amanda Miller Published: January 10,2012
Tags: development, First and Main, Holiday Inn Express, hotel, Real Estate
Nor’Wood Development Group has partnered with Kansas-based RHW Management to build a new hotel at its First and Main Town Center. The companies announced plans today to build a new 82-room Holiday Inn Express adjacent to the Powers Boulevard shopping center that’s home to Cinemark Theater, Dick’s Sporting Goods, J.C. Penny, Target and several restaurants. [...] [...]
by Amanda Miller Published: January 5,2012
Tags: apartments, Colorado Springs, Nor'wood, Real Estate
Nor’Wood Development Group is diving head-first into the apartment business for the first time since the company’s infancy. It is partnering with Irvine, Calif.-based Western National Realty Advisors to build four apartment complexes with at total of 1,075 units in Colorado Springs and Fountain. “We were involved in the apartment business many, many, many years [...] [...]
by Amanda Miller Published: January 4,2012
Tags: deed releases, Foreclosures, Real Estate
Foreclosures will continue to fall in 2012, leading to an improved real estate market for El Paso County in 2013. Public Trustee Tom Mowle said that there were fewer foreclosures in 2011, and he expects that trend to continue. There were 3,603 foreclosure starts in 2011, down 25 percent from 4,828 in 2010 and down [...] [...]
by Associated Press Published: January 3,2012
Tags: construction, new homes, Real Estate
Construction spending in the U.S. jumped in November as builders spent more on single-family homes, apartments and remodeling projects. The Commerce Department said Tuesday that spending on construction projects rose 1.2 percent in November, following a revised 0.2 percent drop in October. The increase was the third in four months and the largest since a [...] [...]
by Amanda Miller Published: December 30,2011
Tags: foreclosure sale, Real Estate
Third-party investors bought three of 21 properties that sold at the El Paso County Public Trustee’s foreclosure auction this week. Old West Land Company bought an almost 1,400-square foot 2003 townhouse at 4373 Prestige Point for $100,518.20. The property, formerly owned by Samuel Levy is valued at $138,738 by the El Paso County Assessor. Levy [...] [...]
by Amanda Miller Published: December 22,2011
The state of the U.S. economy played a definitive role in the Colorado Springs region’s top real estate deals this year. Investors swooped in to buy bank-owned properties at discount prices. Local and out-of-state apartment-management companies bought several complexes to capitalize on apartment demand, which is at a 10-year high. And large nonprofits with deep [...] [...]
by Amanda Miller Published: December 15,2011
Tags: development, Flying Horse, Planning Commission, Real Estate
Developers of the Flying Horse golf course development on the far north end of town are asking the Colorado Springs planning commission today for the green light to break ground on 122 new single-family home sites. Doug Stimple, owner of Flying Horse Development and Classic Homes said the new plots will be in the development’s [...] [...]
Loading ...This poll is not a scientific sampling, but offers a quick view of what readers are thinking.
On The Horizon: Read calendar items from the print edition of the Business Journal here.
To submit your event to our community calendar, set up the event as an appointment in your email calendar and invite events.csbj@gmail.com as an attendee.
