Wednesday, August 16, 2006

WSJ story is good for Springs business

A picture might be worth a thousand words, but, hey, a 1,000-word news story doesn't hurt, either. Paul Turner, who heads Turner Commercial Research in Colorado Springs, says his telephone has been "ringing off the hook" since a Wall Street Journal story two weeks ago portrayed Colorado Springs and its commercial real estate market in a favorable light.

Turner was quoted in the story; he's tracked commercial real estate for years and publishes a quarterly report on the local market. Turner said he's optimistic that the story -- which highlights Defense Department spending in the Springs, retail growth and a surge in residential development that includes the Banning-Lewis Ranch -- will translate into more business for the area's commercial brokers and developers.

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