Author: nocoapadmin
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Nearly 50% of Apartment Landlords Lower Rents
NOTE: Locally in Northern Colorado, both Loveland and Greeley rents declined slightly over the fourth quarter rents a year ago. However, Fort Collins rents climbed significantly from $760 to $810 per month. — NREI Feb 24, 2009 2:19 PM, By Sibley Fleming The deterioration in apartment asking rents reached unprecedented levels in the fourth quarter…
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Enterprise opening insurance claims site
BY PAT FERRIER PatFerrier@coloradoan.com The largest car rental company in the country will open a new insurance claims office in Fort Collins in May, creating 100 new full-time jobs. Enterprise, owner of Enterprise, National and Alamo rental car companies, plans to announce today the opening of a claims processing office at 4800 Wheaton Drive to…
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Completed foreclosures drop in county, state
BY DAVID YOUNG DavidYoung@ coloradoan.com Foreclosure activity across Colorado has dropped for the first time since 2003, and Larimer County is on par with the rest of the state thanks to programs like the state’s foreclosure hotline, according to experts. According to the Colorado Division of Housing fourth-quarter 2008 foreclosure report released Monday, completed foreclosures…
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Fort Collins Sales-tax picture bright
BY PAT FERRIER • PatFerrier@coloradoan.com • February 21, 2009 Fort Collins tax revenue January > Sales tax: -0.5% > Use tax: +6.0% > Combined sales and use taxes: +0.4% Key sectors > Miscellaneous retail: +2% > General merchandise: +1.8% > Apparel/accessory: -6.7% > Restaurants/bars: +4.2% > Grocery stores: +3.9% > Hotel/lodging: -10.7% > Building permits:…
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800 Lovelanders join push for downtown revitalization
By Douglas Crowl • Loveland Connection • February 20, 2009 The latest message from the Citizens for a Vibrant Downtown Loveland to the Loveland City Council is signed by 800 names. As promised, the group has completed a petition with 800 resident signatures calling for the City Council to financially support projects that would revitalize…
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Vacancies down in Fort Collins, up in Greeley & Loveland
DENVER – The apartment vacancy rate in Fort Collins shrunk to a seven-year low during the last half of 2008, while the rates in Greeley and Loveland crept upward during the final quarter of the year. The tight rental market in Fort Collins is reflected in the 4.2 percent vacancy rate posted during the third…
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Governor Ritter helps break ground for Hexcel Corp.
NCBR February 19, 2009 WINDSOR – Colorado Gov. Bill Ritter took part in a groundbreaking Thursday for Hexcel Corp.’s new 100,000-square-foot manufacturing facility in east Windsor, noting the company fits well with the state’s emphasis on a New Energy Economy under his administration. Connecticut-based Hexcel is the world’s largest manufacturer of strong, lightweight composite materials…
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Brochure: Your Best Start to Renting Smart: Rent From the Pros
NMHC February 13, 2009 The foreclosure crisis has created new competition for the apartment industry—thousands of houses and condos being rented out by investors who cannot sell their properties and individuals who cannot afford their mortgages. Your best defense against these “shadow” rentals is what the National Multi Housing Council calls the “professional advantage.” Now…
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Vestas fourth-quarter revenue sets record
Northern Colorado Business Report – Feb. 11, 2009 RANDERS, DENMARK – Vestas Wind Systems A/S reported its largest ever fourth quarter revenue and 24 percent increase in revenue for the year. The Danish company reported 2008 revenue of almost $7.8 billion and fourth-quarter revenue of $3.2 billion. Profit for the year was $659.5 million, up…
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Commercial/Multifamily Mortgage Originations Plunge 80% from Fourth Quarter 2007
NREI – Feb 10, 2009 12:42 PM, By Denise Kalette A new report from the Mortgage Bankers Association (MBA) shows a dramatic drop in commercial and multifamily mortgage loan originations in the fourth quarter of 2008. Originations fell 80% from the same period of 2007, a decline noted across all property types and investor groups.…