Author: nocoapadmin
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2016 Fall Multifamily Cap Rate Survey
Cushman & Wakefield’s cap rate survey for the fall of 2016. Note the majority of markets are flat. Is this a reflection of the apartment construction boom this year? Is it due to the plateauing of rent escalations while household incomes were bumping along?
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Pinyon Pointe breaking ground in Loveland
by Joshua Lindenstein on November 7, 2016, BizWest LOVELAND — Local developer McWhinney Real Estate Services Inc. plans to break ground this week on Pinyon Pointe, a 166-unit housing development in Loveland that includes a mix of apartments and townhomes. Pinyon Pointe will sit on roughly 10 acres of vacant land just west of the…
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Tesla’s Solar Roof
It will be interesting to see what the ROI will be on this. According to the website these roofs will be “lower cost than a traditional roof when combined with projected utility bill savings.” Roofs, roads and parking lots are just begging to be updated with energy and heat in mind. See more on the…
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Normal Wear and Tear?
OCTOBER 2016 | BY KEVIN ORTNER of RentersWarehouse Ripped or torn carpeting, gaping holes in the walls, doors hanging off the hinges — when a tenant moves out, some damage goes above and beyond the usual. But as most landlords know, these things are rarely straightforward. What do you do about scuff marks on the hardwood…
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HUD Wants Multifamily Owners to Report Energy and Water Usage
The U.S. Department of Housing and Urban Development (HUD) is requesting public comments on a proposed requirement that owners of HUD-funded multifamily housing report energy and water usage at their properties. Comments on the Federal Register notice are due Dec. 5. The proposed utility benchmarking requirements “would allow owners to better understand their buildings’ energy…
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Rental Costs on the Rise
In a recent article reported online by Michael Hoban from UrbanLand, rents have increased significantly and vacancy rates for rental housing have plummeted. Since 2005, 9 million rental households have been added and 42.6 million families and individuals are now renting. The vacancy rates have dipped to 30-year lows and rents have annually increased by…
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Record High Spending for Multifamily Construction
A recent article was published on the National Association of Home Builders website that multifamily construction spending hit a record high. The Census Bureau released the new construction spending for multifamily and the report included a significant upward revision of spending to the multifamily construction. The annual rate, as of January 2016, for multifamily spending…
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Will Renters Outnumber Homeowners By 2030?
Whether it’s because the recession wiped out your wealth, your student debt is out of this world, it’s too difficult to afford a home or get a loan, or you are just plain scared of the potential downside of owning a home, you are among a growing trend. As reported by the Washington Post and based…
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Colorado added 25 percent more jobs in 2014 than feds originally reported
It was recently reported by Steve Lynn with BizWest, a Northern Colorado and Boulder Valley publication, that Colorado added 15,700 more jobs last year than initially reported by the federal Bureau of Labor Statistics, which is a staggering difference of nearly 25 percent. Mr. Lynn explains: The bureau originally said Colorado added just 63,200 non-seasonal jobs…
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Weld, Larimer among nation’s fastest-growing metro areas
On Thursday March 2nd, 2015, Joshua Lindenstein with BizWest reported on the statistics for both Larimer and Weld Counties according to the United States Census Bureau: The Greeley metropolitan statistical area, which is in Weld County, came in eighth on the list with a growth rate of 2.6 percent. The Fort Collins MSA, or Larimer…