Author: nocoapadmin
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Terrix Financing Rates
April 09, 2009 – Recent Loan Closing$1,450,000 office-warehouse property 6.25% fixed for 5 years 5+5/25 termsmall prepay****************************************************************** Current Rates as of 4/09/09:Apartment Loans $500K – $2MM: 6.0% for 3yrs/6.375% for 5yrs, low cost, 80% LTV, 1.20 DCR, 30yr am. $1MM – $3MM : from 5.65% for 5yrs/5.85% for 10yrs – recourse, Fannie Mae $3MM+ :…
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E&Y Report on Commercial Real Estate
In a recently released report by Ernst & Young, most of the news related to the global economic and political impacts on commercial real estate – mostly office, retail and industrial. However, they made brief mention of the multifamily market and noted that it should remain solid with Student Housing and Senior Housing forecasted to…
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What jobs news do you follow?
Two news items came out today. One was news about a slight job growth of 0.1% in Larimer County through the third quarter of 2008. The second had to do with Wolf Robotics laying off around 30 employees. I’m not sure what kind of news job growth in the third quarter of 2008 is, but…
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Estate Tax Proposal Moves Forward
Earlier this year, President Obama included such an approach in his FY 2010 budget blueprint. Last week, Senate Finance Committee Chairman Max Baucus (D-MT) also adopted that approach in legislation (S. 722) he introduced to make permanent some of the tax cuts enacted by President Bush in 2001. Without Congressional action this year, the estate…
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NMHC Campaign Opposes Carried Interest Tax Increase
NMHC has rolled out an aggressive lobbying campaign to oppose proposed changes in the taxation of carried interest (i.e., “the promote”) after President Obama’s budget blueprint proposed a 160 percent tax increase on carried interest beginning in 2011—increasing the tax from the current capital gains rate of 15 percent to ordinary income tax rates, which…
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Fort Collins #2 on Forbes List
Fort Collins makes the number 2 spot on Forbes best places for business. And Colorado was one of the dominant states represented on the list. Here is how they stack up: Forbes’ Top 10 Forbes.com’s top 10 metro areas for business and careers: 1. Raleigh, N.C.2. Fort Collins, CO3. Durham, N.C.4. Fayetteville, Ark.5. Lincoln, Neb.6.…
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Vestas breaks ground on Weld County site
BRIGHTON – A 175-acre site, soon to be annexed into the city of Brighton, will be home to wind turbine blade and nacelle factories slated to begin operation in 2010. The 205,000-square-foot nacelle site will employ 700 and produce 1,400 units per year at full capacity. A nacelle is a school bus-sized pod to which…
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Kodak to close two divisions in Windsor Plant
Kodak announced plans to shut down two manufacturing divisions in its Windsor, CO plant by the end of the year. This will effect 300 employees working in those divisions.
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Commercial Loan Maturities Rising Through 2012
Will maturing commercial loans over the next three years delay recovery efforts? Apartment owners in Northern Colorado have not displayed much concern thus far. Will this continue while the rest of the product types take a hit? Read NREI’s article to get more information.
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Student Housing Market Holding Firm
“College enrollment is expected to increase by 8% over the next four years and a projected 15 million newly degreed workers will be needed to place retiring baby boomers through 2012. As a result of the supply and demand, student-housing prices have held firm and investment activity is projected to move at a solid clip…