NoCo Newsletter | December 12, 2017

Northern Colorado enjoys healthy market performances, published in the CREJ, by Ryan Schaefer

REAL ESTATE & BUSINESS NEWS

5-story Campus West student housing plan seeks Fort Collins city approval

Thornton Topgolf project moves a step closer to development at Larkridge Retail Center

Aurora’s Gaylord Rockies hotel near DIA is 70 percent complete and won’t disappoint on size and scope

In-N-Out’s Colorado debut several years off

Home Prices in 20 U.S. Cities Rise by Most Since Mid-2014

US new-home sales jumped 6.2 percent in October

ECONOMIC & EMPLOYMENT NEWS

More Coloradans moving out as population growth brings traffic headaches, higher home prices

U.S. Hiring Figures Reveal Sweet Spot for Economy

• “Non-farm payrolls rose a seasonally adjusted 228,000 in November after a 244,000 gain the month before, the Labor Department said Friday. That marked the best two-month stretch since the middle of last year and the 86th straight month of payroll expansion. Steady hiring has in turn driven the unemployment rate down to 4.1% for two straight months, the lowest level in 17 years...Economic output remains on track for 3% growth for the third straight quarter.”

U.S. Hospitals, Schools Rush to Raise Tax-Free Funds

• “Last week, borrowers issued more than $4 billion in new so-called private-activity bonds, which allow nonprofits and some for-profit firms to raise money for development projects perceived to have a public benefit.”

GOVERNMENT & INFRASTRUCTURE

Loveland to increase development impact fees

As gas taxes fall short of funding Colorado’s roads, CDOT gets good reviews on test of mileage-based tax system but concerns remain

U.S. Sets January Push for $1 Trillion Infrastructure Revamp