Author: RICH LADEN and BREANNA JENT The Gazette
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Colorado Springs’ housing market expected to be red-hot again in 2016, report says
Rising property values and increased home sales have made 2015 a good year for Colorado Springs’ single-family housing market. Now, a national online real estate firm suggests the Springs will be one of the nation’s hottest markets next year, as well. Trulia.com, which offers housing information for buyers, sellers and real estate professionals, has ranked…
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Pair of Colorado Springs urban renewal projects get less public money than developers wanted
Developers who want to bring stores, restaurants, and other retail and commercial uses to a pair of newly created urban renewal areas in Colorado Springs won’t get as much city money as they were seeking to help get their projects off the ground. The City Council on Tuesday rejected proposals to set aside revenues from…
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Colorado Springs restaurant again ranks among top 100 nationally
Talk about word of mouth. Carlos’ Bistro, the 11-year-old, fine dining restaurant on Colorado Springs’ west side, has been named one of the nation’s top 100 restaurants for 2015 by online reservation service OpenTable. The ranking is based on the opinions of more than 5 million restaurant reviews that were submitted by OpenTable diners, which…
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Out-of-town buyers scoop up Colorado Springs apartments
Two more Colorado Springs apartment complexes have been purchased by out-of-town investors, who continue to see opportunities in the Springs’ multi-family market because of cheaper prices and solid returns, industry experts say. A limited liability company formed by Radford Investment Properties of Denver paid $3.9 million last month for the 100-unit Verde Meadows Apartments at…
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Colorado Springs foreclosure activity ticks up in November
The number of Colorado Springs-area properties falling into foreclosure rose slightly last month, although the pace of local foreclosure activity continues to run at a 14-year low, according to a report Tuesday by the El Paso County Public Trustee’s Office. Foreclosure notices in the county totaled 147 in November, a 2.2 percent increase over October…
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Developers have grand visions for South Nevada Avenue makeover in Colorado Springs
South Nevada Avenue’s past belies its potential, some local real estate developers say. The stretch of Nevada about a mile south of downtown Colorado Springs is home to fast-food restaurants, banks and other businesses. But it’s perhaps best recognized for its used-car lots, pawnshops and aging motels – with kitschy names such as the Circle…
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Woman accused of attempted murder after ramming minivan into Colorado Springs home
A woman was arrested on three counts of suspicion of attempted first-degree murder Thursday after she repeatedly rammed her minivan into the apartment of her ex-boyfriend on Colorado Springs’ west side – narrowly missing a woman and two children who were inside at the time, police said. Carol Gallegos, 56, fled the scene in the…
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Salt Lake City library head eyed for similar job in Colorado Springs
The Pikes Peak Library District board has named the head of the Salt Lake City Public Library as the finalist for its executive director position. As executive director of the Salt Lake City library system, John Spears oversees 325 employees, seven facilities and an operating budget of $17.9 million, according to the Pikes Peak Library…
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Colorado Springs home prices among the most affordable in the state
You can buy more house for your money in Colorado Springs than in much of the rest of the state, a new report suggests. The price for a four-bedroom, two-bathroom home averaged $252,157 in the Springs, ranking it as the 28th least expensive among 31 cities in Colorado, according to a Coldwell Banker Home Listing…
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Developer plans two upscale, ‘complementary’ restaurants on South Nevada
Two upscale restaurants – one specializing in steaks and seafood and the other in Italian fare – are planned for South Tejon Street as part of an urban renewal project proposed along South Tejon and South Nevada Avenue. A development group headed by downtown Colorado Springs businessman Sam Guadagnoli has proposed Prime Steakhouse and Seafood…