Category: Fort Collins
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Three employers brighten Larimer County’s jobs horizon
By pat ferrier • patferrier@coloradoan.com • February 1, 2009 There’s no business like new business. The spring openings of a Walmart Supercenter, Embassy Suites hotel and southeast library branch provide an island of hope amid a sea of lost jobs, furloughs and frozen pay. The trio of openings, which promise about 650 new jobs, come…
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Fort Collins housing market weathers drop
BY DAVID YOUNG • davidyoung @coloradoan.com • January 28, 2009 National home values posted the sharpest drop in history this November according to one report. However, Fort Collins’ market is faring better then most, according to experts. The Standard & Poor’s/Case Shiller 20-city housing index released Tuesday showed an 18.2 percent decline since November 2007.…
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NoCo vacancies tighten, rents soar
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NOTE: The statewide vacancy data is approximately three months old by the time it is released. Many apartment owners have seen vacancies increase and incentives reappear in the last two to three months. DENVER – Bucking a statewide trend, apartment vacancies in Fort Collins, Loveland and Greeley declined during the third quarter of 2008, according…
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Vine Street Apartments Sell
Fort Collins, CO, December 9, 2008 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of 632-636 North Shields, a 24 unit Multi-Family property located in Fort Collins, CO. The asset commanded a sales price of $1,075,000. Erik Broman and Brian Mannlein, of Marcus…
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Fort Collins called best place to raise kids
Fort Collins has been named the best place to raise kids in Colorado by Business Week magazine. The Choice City was selected above runners-up Aurora and Loveland, based on the magazine’s criteria, which considered cities with at least 50,000 residents and a median family income of $40,000 to $100,000. The magazine lauded Fort Collins’ walking…
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New student housing project, 197 units
Fort Collins looks ripe for new student housing as vacancies drop and rents go up.Advertisement Student housing may be the only real estate market that’s hot in this economy that has seen financing dry up for everything from home mortgages to auto loans to large housing developments. Just as a California company pulled the plug…
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AIMCO Closes $125.6M Sale of Multifamily Portfolio
JRK Property Picks Up Nearly 2,400 Units in 5 States Denver-based apartment REIT AIMCO (NYSE:AIV) recently closed on the sale of 12 multifamily properties to Los Angeles-based JRK Property Holdings for $125.6 million, or about $52,575 per unit. The portfolio includes 2,389 units in Colorado, Georgia, Ohio, Michigan and South Carolina. The properties are between…
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Plug pulled on housing project
COLORADOAN.COM – The economic slowdown has claimed its first major victim in Fort Collins as developers Monday pulled the plug on a proposed 279-unit student housing project in Old Town. Citing development time pressures and frozen capital markets, Rael Development Corp. of Irvine, Calif., e-mailed the city’s planning department that it had decided not to…
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700 Bed Student Housing Project Planned
FORT COLLINS — An Alabama developer of student housing projects is set to build a colony for as many as 700 Colorado State University students just southeast of the campus along the proposed Mason Corridor. Capstone Development Corp. of Birmingham, Ala., will spend more than $50 million to redevelop the site of the Choice Center…
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Presidio plans go forward
Download Presidio Multi Housing Information Here A year after going public with his proposed 100-acre Presidio development on Harmony Road, developer Les Kaplan plans to unveil the first major piece of the project Monday night.Advertisement Kaplan and Milestone Development Group of Denver want to build 240 apartments on the back 11½ acres of the site,…