Author: nocoapadmin
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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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Upcoming NMHC Webinar on New Lead-Based Paint Regulations
Dear NMHC Member: Registration is now open for a special webinar NMHC is hosting on newly issued EPA lead-based paint (LBP) regulations. Join us on Friday, November 21 at 1:00 pm (EST) as we convene an expert panel to discuss how these regulations affect your property management staff. Among other things, the regulations require maintenance…
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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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APARTMENTS RATED BEST INVESTMENT OPPORTUNITY IN 2009
NMHC – Our message about the long-term strength of the apartment sector was reinforced this week with the release of the annual Emerging Trends in Real Estate report by the Urban Land Institute and PricewaterhouseCoopers LLP. The report, which says that commercial real estate markets will bottom out in 2009 and flounder for much of…
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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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In-fill, Apartments seen as 2009 bright spot
Realtor.org – Urban Land Institute and PricewaterhouseCoopers issued the 30th annual Emerging Trends report predicting that recession and the current credit crunch will make 2009 a lousy year for commercial real estate and any recovery in 2010 will be weak. The report predicts negative returns for private equity investors – the first time that’s been…
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Apartment Hunting 101
by Adam Pash, lifehacker.com Finding a new apartment can be grueling: You search through listings, toss out the duds (as if that 1 room shanty could ever be considered a 1 bedroom house), make phone calls, call back, and schedule appointments, all in the hope that you can find and secure the perfect apartment. I’m…
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Apartment Rents Remain Unchanged
“Compared to the volatility of the stock market, the world of rental apartments is the epitome of tranquility” SAN FRANCISCO – While homeowners may be weathering rising mortgage rates or dropping property values, apartment renters have a bit of relief. Apartment rents, as well as apartment occupancy, across the country were virtually unchanged in the…