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Business park getting a
name, an identity,
an article from
The Gazette,
reports that the Colorado
Springs Airport business
park now has a name that its
developers say will reflect
the look and feel of the
Pikes Peak region: Cresterra
at Colorado Springs
Airport. According to Carol
Marty, senior marketing
manager for Corporate Office
Properties Trust, Cresterra
was chosen because it fits
the surrounding land.
"Crest" is meant to reflect
mountain peaks, while
"terra" speaks to sprawling
prairie grasses surrounding
the airport. Plans for the
airport business park
include 3.5 million square
feet of commercial space, a
300-room hotel on a separate
25 acres and a 226-acre golf
course.
http://www.gazette.com/articles/park_37527___article.html/office_business.html
Over the horizon, a housing
recovery,
an article from
CNNMoney.com,
reports that according to a
new study from the Joint
Center for Housing Studies
of Harvard University, "The
State of the Nation's
Housing 2008," the country
is poised to see an increase
in housing demand over the
next decade. Nicolas
Retsinas, director of the
Joint Center for Housing
Studies and on of the
study's authors said, "The
good news is that we still
have a growing population.
As long as you have more
households, more people are
going to need places to
live." The Harvard study
also found in early 2008,
the nation had an 11-month
supply of unsold new homes
and a 10.7-month supply of
existing single-family
homes. A 6-month supply of
existing homes is considered
a buyers' market. In order
to reduce the current
supply, the market will
require price declines, a
decrease in interest rates,
employment growth, a return
of consumer confidence and
the revival of accessible
mortgage credit.
http://money.cnn.com/2008/06/23/news/economy/harvard_housing_study/index.htm?postversion=2008062303
Additional articles that you
may find of interest:
Brunswick purchases
Interquest Parkway parcel
http://www.csbj.com/story.cfm?ID=20037
States take a whack at
foreclosures
http://money.cnn.com/2008/06/16/real_estate/States_action/index.htm?postversion=2008062120
Lawmakers to take last shot
at housing bill
http://www.msnbc.msn.com/id/25317121/
NAR Adopts Rules for
Disclosure of Short Sales in
MLS
http://realtytimes.com/rtpages/20080623_disclosureshort.htm |