Brett Ogden - Commercial Real Estate Broker

As proposed, this apartment building would be over 100 feet taller than the current tallest building in Colorado Springs: Wells Fargo Tower. But, this has not yet been submitted to city planning.

Proposed 36-story apartment tower in Colorado Springs: 7 things to know Here's a closer look at the proposed high-rise apartment building in Colorado Springs.

Peak Pickleball will bring 24 indoor courts to Chapel Hills Mall in Colorado Springs. Expected to open this fall, in the old Burlington space, they'll offer memberships and walk-in play.

We have a prime retail/office spot in downtown Castle Rock coming available in August! 1,100 SF of glass-front retail at 703 Wilcox. Can also be built out as office. Off-street parking for your customers PLUS rear entrance and extra parking on the alley for employees.

Good news for brick & mortar shops... the growth of e-commerce has slowed dramatically in the post-pandemic US.

The graph below shows office attendance in 10 large US cities since the beginning of the pandemic. The good news is that we are slowly trending up. The bad news is that we're still at about HALF of the pre-pandemic office use.

The impacts of this on the residential home selling process will take time to see. But it's important to clarify that this is a result of the near monopoly that NAR has held with MLS. The same monopoly does not exist in the commercial real estate market.

Real estate lawsuit settlement upends decadeslong policies that helped set agent commissions The National Association of Realtors will also change its rules over commissions and the MLS platforms.

La Plata Communities will bring their 3,200 acre Amara development before the Colorado Springs Planning Commission in April. Utilities officials have said that they now believe they can provide for the water needs of the planned 9,500 homes to be built over the next several decades. Amara is located to the east of the intersection of Marksheffel Rd and Mesa Ridge Parkway.

Interesting...

In a World Economic Forum survey, AI mis/dis-information is seen as catching up with extreme weather as the biggest global risk.

I love this because it’s sustainable and seeks to address urban congestion. JUST KIDDING… I love it because it looks like something that belongs on Coruscant.

is definitely on my bucket list.

Architects in Dubai dream up a massive space-age ring to encircle the world’s tallest building | CNN Architecture firm ZNera Space has created a futuristic design concept called Downtown Circle that would radically alter Dubai’s iconic skyline.

10 acres of commercial land available in Monument with I-25 visibility. Interested but need less acreage? Give me a call! More details here: https://www.hoffleigh.com/listing/beacon-lite-road/

Hoff & Leigh

High visibility retail space on Hwy 85 in , Colorado. Nearly 2,000 SF end cap (highway facing) with glass on two sides. $18/SF NNN. More info in the link: https://www.hoffleigh.com/listing/6614-camden-blvd/

Colorado Springs City Council approved the 7-story, 400-unit Creekwalk Apartments just of Nevada, south of downtown. This is big step in the Creekwalk development and, hopefully, an increase in the momentum for the South Nevada Corridor improvements.

Development plans moving forward for Dawson Trails (West side of I-25 across from Crystal Valley Pkwy). These images are from the upcoming neighborhood meeting.

Lots of talk these days about converting office buildings to multi-family residential. This article is a good summary of the challenges with this. I'm all for adaptive reuse but when the conversion costs more than building from the ground up, you have to make sure that you've got a building and location that will drive high enough rental numbers.

https://product.costar.com/home/news/shared/1877100375?utm_source=newsletter&utm_medium=email&utm_campaign=insights&utm_content=p1&t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiI2NTYyNjQ2IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTY4NzgwMzA2Mn0.dSWWMkoF_szs5ixiRaLCde_GtzTLNSVastsZCF0ev8g.

Looks like La Plata’s Amara development might be moving toward a preliminary approval.

Proposed Amara annexation meets new Colorado Springs water requirements Colorado Springs Utilities has enough water to adequately serve the proposed 3,200-acre Amara development that wants to annex into city limits, but the project as currently submitted does not meet new local requirements for contiguity, Utilities staff told board members Wednesday.

Refinancing of commercial real estate loans will be a major issue for the coming year.

CoStar News - Private Lenders Could Gain Steam in Apartment Refinancing As Traditional Sources Dry Up Alternative lenders could end up carving out a bigger niche among apartment owners as traditional bank routes have narrowed for refinancing loans.

This is Denver's average office lease size by quarter. Denver was already in a years long decreasing trend prior to COVID. We actually broke that trend as the pandemic lifted. First quarter of 2023 is back down... is it an outlier, trending back down, or stabilizing? Need to see what the rest of the year brings.

Victory Ridge in continues to fill in.

Good summary of the development going on along South Nevada.

South Nevada Avenue's makeover has taken hold— but only on one side of the street South Nevada Avenue, targeted for redevelopment seven years ago, has an identity crisis.

La Plata (developer of Briargate, Pine Creek, and Cordera) seeks annexation for its next big development: Amara.

Developer who needs Springs’ water seeks COS annexation for property flanked by city of Fountain La Plata Communities wants Colorado Springs to annex 3,200 acres that are bordered on three sides by the city of Fountain.

Commercial development along the east Woodmen corridor:

Retail hot spots bubbling up in fast-growing Colorado Springs area Retail follows rooftops might be one of the real estate industry's oldest clichés, yet it explains why the InterQuest area in northern Colorado Springs and the Powers Boulevard corridor on

I love that they are keeping this bit of history, paying homage to it, but also making into something new. Hope this place is a roaring success!

Colorado Springs iconic Michelle Chocolatiers & Ice Cream building coming back as eatery Michelle Chocolatiers & Ice Cream an iconic and longtime loved institution in downtown Colorado Springs, is going to get a rebirth.

This will be a great addition to Monument and all of the surrounding areas.

Ranch Foods Direct’s Mike Callicrate plans a “local food village” in Monument It’s been 10 years since I first spoke with Ranch Foods Direct founder (also political activist and independent cattle producer) Mike Callicrate about his vision for what was then being

Good stuff happening at the Promenade Shops at Briargate.

From the Gazette: "Outdoor equipment retailer Fjällräven opened its doors last month. This month, Columbia Sportswear and home furnishings retailer Arhaus are opening their first Colorado Springs stores at The Promenade Shops while Seoul BBQ promises to bring authentic Korean barbecue to the center."

And, construction is also underway for the addition of The Container Store.

This is a really amazing vision for an 8-mile stretch of Monument Creek and Fountain Creek. The plan calls for five separate park/beach areas between Monument Valley Park in the Old North End neighborhood and the Tejon St @ I-25. The first "beach" would likely be built at America the Beautiful Park.

New vision proposed for Colorado Springs creeks includes beaches for tubing, boating What if visitors to America the Beautiful Park could wander down to a beach alongside Monument Creek to soak up the sun and dip their toes in the water?

Remember the collapse of Champlain Towers South condo building last year in Surfside, Florida? The lot has been cleared and was put up for auction. Only one bidder surfaced, a Dubai luxury developer, and they paid $120 million for the site where 98 people died. The silver lining is that some of the proceeds of the sale will be used to help compensate the families of the victims.

Nice to see this!

Construction on first affordable housing complex in Colorado Springs on church property gets underway A small strip with 10 indentations of overturned dirt on a patch of land in southeast Colorado Springs signifies a momentous “first.”

The world's skinniest skyscraper (and second tallest in the western hemisphere) is completed and ready for occupancy.

World's skinniest skyscraper by SHoP Architects completes in Manhattan The final exterior cladding elements have been added to SHoP Architects' 111 West 57th Street in New York City, a supertall skyscraper that is both the world's skinniest and the second tallest in the Western Hemisphere.