Author: By Rich Laden rich.laden@gazette.com
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Colorado Springs-area home sales sputter in June despite listings that reach nine-year high
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The supply of Colorado Springs-area homes for sale swelled to a nearly nine-year high last month, an increase possibly driven, in part, by investors who are dumping properties on the market because of tighter government regulations on the rental industry, one local housing official says. At the end of June, 2,974 single-family homes were for…
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Downtown Colorado Springs tower’s height reduced from 36 floors amid developer concerns
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A controversial proposed 36-story, 400-foot-tall apartment tower proposed for downtown Colorado Springs has shrunk in size to 27 stories and 300 feet, its developer says. The reduced height, however, isn’t a concession to community members who’ve complained the project would disrupt mountain views or be out of place with downtown’s skyline, where the Wells Fargo…
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Colorado Springs apartment rents slumped again in the first quarter, new report shows
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Colorado Springs apartment rents fell again in the first quarter and the area’s vacancy rate remained high, more signs that the local multifamily market is overbuilt, a new report suggests. And, expect those trends of softer rents and higher vacancies to continue unless the pace of absorption, or apartment occupancy, ramps up significantly, one of…
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Defense contractor expanding to Colorado Springs with plans for more than 500 high-paying jobs
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A defense contractor whose software and digital services support military and government clients, and which has launched work on a sophisticated Space Force satellite project along with three partners, has expanded to Colorado Springs and expects to add more than 500 high-paying jobs over the next two years. Omni Federal, with employees in the Washington…
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Defense contractor expanding to Colorado Springs with plans for more than 500 high-paying jobs
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by
A defense contractor whose software and digital services support military and government clients, and which has launched work on a sophisticated Space Force satellite project along with three partners, has expanded to Colorado Springs and expects to add more than 500 high-paying jobs over the next two years. Omni Federal, with employees in the Washington…