FAIL (the browser should render some flash content, not this).

 

 

 


 

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