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4 Apartment Projects Signal Relief in Tight Northern Colorado Market, By Jake Hallauer

 

Construction Continues at 2534 in Johnstown, CO.  Click here to view a video of the progress from the air.

 


REAL ESTATE & BUSINESS NEWS

Gallery Flats, 66-unit apartment building in Loveland, sells for $11.2M

Construction Costs Rise for Apartment Projects

  • “The cost of materials important to the construction of apartments rose 3.6 percent over the year that ended in September, according to the producer price index from the Bureau of Labor Statistics.”

Home Sales Remained Sluggish in October

  • “It would take just 3.9 months to exhaust the supply of homes on the market, the lowest October reading since 1999, the year NAR started tracking the data.”
  • “The supply shortage, in turn, is driving prices higher. The median price of homes sold last month rose to $247,000, up 5.5% from a year earlier.”
  • “Home sales are currently ‘significantly below the potential of the market,’ said Mark Fleming, chief economist at title insurer First American. He estimates sales should be more than 7% higher today based on easing credit standards, low interest rates, high employment and income growth.”

Seven new restaurants coming to Fort Collins

Honolulu Poke Bar coming to Fort Collins and Johnstown

Where Could Amazon Build a Second Headquarters?

Amazon’s Cashierless Store Is Almost Ready for Prime Time

Inside the Wal-Mart vs. Amazon Battle Over Black Friday

  • “The number of people visiting U.S. stores on Thanksgiving and Black Friday fell 4% from last year, according to Re­tail­Next Inc., which analyzes in-store videos to count shoppers. Meanwhile, online sales increased 18% over that period, said software company Adobe Systems Inc., a shift that is forcing traditional retailers to adopt new tactics.”

Wal-Mart Posts Strongest U.S. Sales in Years, Powered by Groceries, E-Commerce

Target’s Sales Rise but Spending Pinches profit

Coming to Your Local Mall: Online Retailers Beloved by Millennials

Anadarko plans to invest $950M in Denver-Julesburg Basin of northeast Colorado during 2018


ECONOMIC & EMPLOYMENT NEWS

Bitcoin Is Creeping Into Real Estate Deals

U.S. Industrial Production Increased Strongly in October (1.3% one-month increase in October)


GOVERNMENT & INFRASTRUCTURE

Fort Collins wins coveted presidential award for performance excellence

Windsor Town Manager Kelly Arnold resigns

CDOT begins negotiations to build north I-25 express lanes

Denver to Boulder in eight minutes? Colorado will get first test track for a Hyperloop-inspired transportation system

Projects funded by Colorado tourism program give updates, and one has little to show

Tax Overhaul Bills Keep ‘1031 Exchange’ and Add Other Commercial Property Perks


COMMUNITY & EVENTS

Join Realities for Children at their FREE community event: Nightlights Tree Lighting Celebration on Friday, December 1st from 6-7pm at the First Presbyterian Church in Fort Collins – help take a child out of the darkness of child abuse by giving a nightlight here