Author: nocoapadmin
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Dismal Trend Continues with Loss of 524,000 Jobs
Staff report from National Real Estate Investor and Lodging Hospitality There is not much cheer in the employment figures released by the federal government today. The U.S. unemployment rate now stands at 7.2%, up from 6.8% for November. More than 524,000 nonfarm jobs were lost in December. “This was certainly a dreadful report. There is…
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Student Housing REIT Engages in Financial House Cleaning
By Poonkulali Thangavelu, National Real Estate Investor NOTE: This is a good idea for any local Northern Colorado owner who has approximately 25% or greater equity in their asset. Interest rates are incredibly low and a refinance can lock in improved cashflow. Education Realty Trust has received $222 million in funding through a secured credit…
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The Apartment Sector Begins to Feel the Pinch
By Poonkulali Thangavelu, National Real Estate Investor In a year in which the economy was hit by bad news on a number of fronts, the commercial real estate sector reacted with a negative performance in major property sectors. Even the apartment sector, which received a boost from troubles in the housing market, was not spared.…
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Pool Safety Law: CPSC Press Release Outlines Enforcement Strategy
Apartments that offer pools or spas at their properties must comply with new regulations that go into effect on December 19, 2008. Specifically, the Virginia Graeme Baker Pool and Spa Safety Act requires firms to install approved anti-entrapment devices. Importantly, firms should note that pools that are closed for the season are not required to…
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Johnstown Manor Apartments Sold
Johnstown, CO, December 16, 2008 Erik Broman and Brian Mannlein, of Marcus & Millichap’s Fort Collins office have announced the sale of Johnstown Manor Apartments, a 13 unit Multi-Family property located in Johnstown, CO. The asset commanded a sales price of $835,000. Broman and Mannlein represented a local investor on the sale and the buyer…
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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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Good news for apartment hunters and landlords alike– free ads
Classified ad pricing may fall to near zero, experts say Definitely watch for this trend to accelerate in the next 2-5 years. The biggest reason is that the Internet is getting much better at aggregating ads from many different sources and letting people search for them all in one place. Why check Craigslist, your local…
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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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Hexcel plans Windsor shop
One more large company has chosen Windsor as the location for its first Colorado manufacturing operation. Carbon fiber and composite material manufacturer Hexcel Corporation will lease space in the Great Western Industrial Park. Connecticut-based Hexcel is one of the first companies to lease space in Great Western’s new build-to-suit development, which also houses Vestas Wind…
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U.S. Rethinks Roles of Fannie, Freddie
America’s $11 trillion home-mortgage market is heading for a makeover. Mortgage lending in the U.S. relies heavily on institutions set up in the 1930s by politicians and government officials seeking remedies for the Great Depression. Now, bankers say, the current economic crisis will force Congress and the Obama administration to decide how to repair or…