Thursday, January 24, 2013

Housing News Digest, January 24

$30M development planned for downtown Trinidad Phil Long Dealerships CEO Jay Cimino is spearheading a $30 million development near downtown Trinidad that will include a classic car museum, brew pub, baseball training center, hotel, movie theater and shopping center that he believes will bring tourists to the area.

  Weingarten Realty Sells Two Shopping Centers in Colorado Springs for $31.5M Two shopping centers in Colorado Springs have been sold by Houston-based Weingarten Realty for $31.5 million. The Gazette reports limited companies formed by Columbia, Mo.-based The Kroenke Group recently acquired the Uintah Gardens and Academy Place. Located in Colorado Springs’ west side at 19th and Uintah streets, the 215,000-square-foot Uintah Gardens was built in 1974 and is anchored by a King Soopers grocery, with other tenants including Walgreens, Big 5 Sporting Goods and Petco.

  Winter heat: Residential real-estate market up After years of limp sales and drooping home prices, Colorado Springs residential Realtors say they’re looking forward to a bullish 2013. The Pikes Peak Association of Realtors reported almost 9 percent more home sales in the last quarter of 2012 than in 2011. On top of that, the average sales price climbed nearly 10 percent year-over-year from $216,817 in the last three months of 2011 to $238,337 in 2012. Home inventory is also the lowest it has been since 2001. There were only 2,954 homes listed for sale in Colorado Springs in December, 10 percent fewer than at the same time in 2011, according to a report from the Peak Dream team with RE/MAX Properties Inc.

Colorado College Towns Rebuff Housing Slump Reports Ashford Real Estate Colorado Springs The college towns of Colorado towns have been able to stay strong during the nation's real estate collapse. Home values among those areas were able to hang in, avoiding dramatic drops that many around the nation felt. Only home sales took a dive, and even that statistic is now improving. There were 752 total sold in Boulder between November of 2011 and the end of 2012's October. The 23% increase was welcome news compared to the same period prior, according to the Boulder Area Realtor Association, in their Wednesday release. SBWire (

  Outsiders and infighters add to housing drama Pam Simon, the Authority's asset management supervisor, says she always follows up on police calls to Authority buildings. "Sometimes we found out that some of these assaults, it could have been out in the parking lot," she says. "It could have been two [people] that were not related to the building at all that were walking by." Simon notes that private apartment complexes often deal with similar problems. (Indeed, a check of four private complexes located within the vicinity of an Authority senior building revealed one with an impressive rap sheet.)