Author: nocoapadmin
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Fort Collins City Council Candidates Tackle Occupancy Ordinance
With elections fast approaching, City Council candidates from District 5 addressed the so-called “you and two” law. District 5 comprises a region in west central Fort Collins, a region that includes neighborhoods around CSU. Read more of their comments…
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In-State tuition and Immigration
Illegal immigrants will be allowed to receive in-state tuition provided they seek citizenship. Senator Chris Roamer, D-Denver, will add this requirement to his own bill along with other caveats. Read more in the Denver Post
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DBM Technologies moving to Loveland
March 3, 2009. In order to better fit the needs of their growing company, DBM Technologies will be moving into a larger facility in South Loveland. Since most of the employees lived in or around Loveland, the move north from Longmont made the most sense. Read more in the Loveland Reporter Herald. More…
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Scavenging for Capital
NREIOnline Feb 1, 2009 12:00 PM, By Joe Gose Commercial mortgage bankers are leaving no stone unturned in their search for debt while trimming operations. Mired in one of the longest credit sieges in decades, commercial mortgage bankers are slashing expenses and cutting jobs to mitigate plummeting revenues. Only $137 billion in commercial property sales…
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Fort Collins Condo Complex Sells for $2.2M
BBK Properties LLLP purchased Sherwood Greens, a 15-unit multifamily in Fort Collins, CO, from Hellenic Plaza LLC for $2.2 million, or about $146,667 per unit. The condominium property at 630 S. Sherwood St. consists of 15 three-bedroom/three-bathroom units. The seller utilized a 1031 exchange to complete the transaction.
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Challenging Sales Market Will Push Default Rates Higher in 2009
Feb 27, 2009 11:40 AM, By Elaine Misonzhnik Deteriorating property fundamentals and a dearth of available financing continued to wreck havoc on the investment sales market in the fourth quarter of 2008, reports New York-based research firm Reis. Sales volumes fell by double digits compared with the fourth quarter of 2007 in office, retail, multi-family…
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The Advantages Of Renting
Listen Now [6 min 38 sec] Weekend Edition Saturday, February 21, 2009 · The U.S. government encourages people, with tax laws and loan programs, to own their own homes. It improves neighborhoods, builds value and gives people a stake in a better future. But author Richard Florida tells host Scott Simon that the federal government…
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HUD money to boost projects, $587,000 for low-income housing
BY KEVIN DUGGAN KevinDuggan @coloradoan.com Fort Collins is in line to receive more than $587,000 in federal economic stimulus funding to support programs for low-income residents. The U.S. Department of Housing and Urban Development on Wednesday allocated about 75 percent of the $13.6 billion earmarked in the American Recovery and Reinvestment Act for its programs…
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Recording rentals could take years
BY KEVIN DUGGAN • KevinDuggan @coloradoan.com • February 25, 2009 Owners of rental properties with units that aren’t on the city’s books might be given more than two years to set the record straight. Fort Collins City Council members said Tuesday they generally support a proposed program aimed at bringing unrecorded rental properties into compliance…
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Oval Flats gets go-ahead from city
BY DAVID YOUNG • davidyoung @coloradoan.com • February 25, 2009 The former Sigma Alpha Epsilon fraternity house is one step closer to being transformed into a new mixed-use commercial and residential building. The Oval Flats project had its public hearing earlier this month, which saw about seven people from the public attend, and was…