Lakewood 1% Growth Cap – Horrible Idea

Looks like the risk of a 1% cap on the growth of housing units in Lakewood is back on the table. To recap, a group of local residents collected sufficient signatures to require the council to impose a cap of 1%, or place the measure on the November ballot.  A challenge was filed (on technicality …

Denver rezones Arapahoe Square – up to 30 stories

Denver just rezoned the Arapahoe Square area - most people know this as the area with all the parking lots next to downtown and near the Denver Rescue Mission. The rezone will allow development up to 30 stories. Read more at the Denver Post.

Sleepy Cow Town no more

As we came out of the real estate downturn, the quick recovery and subsequent acceleration in the residential market and in commercial development activity  left many observers sitting with their mouths hanging open.    Residential home prices are now above their peak, and while the market has slowed in the winter months, it still appears …

Don’t buy the land if it “pencils” ONLY….

This is an interesting  article from MetroStudy about the land development market nationwide. Due to accelerating housing prices and continued demand for finished homes, land developers have been scrambling to find developable land.  I have noticed this in Denver where we see infill development on what would otherwise be thought of a inferior locations (on …

Land Purchased in Cherry Creek For 12 Story Apartment

As reported in the Denver Business Journal: BMC Investments has bought one of the most high-profile corners in Cherry Creek — East First Avenue and Steele Street — with plans to erect a 12-story luxury apartment complex, the company announced Tuesday. The Denver-based company out-negotiated some 40 other groups interested in buying the 1-acre parcel …

New Infill Development on NW side of Denver

As reported at Inside Real Estate News, Brookfield Properties is launching their new mixed use planned development on Denver's northwest side (actually in Adams County).  This site is a large infill development site with close proximity to Downtown and major transportation, including a proposed light rail station.  the Midtown development on 184 acres at West …

Is Denver Ready For Micro Apartments? (300 SF!)

Interesting article about Micro Apartments in Multifamily Executive magazine: Will Micro Apartments Go Macro? Sounds compelling from a developer's perspective - and as a renter with minimal space requirements it makes sense too.

Growth in Denver Likely to fuel demand for housing

Denver's population growth rate for 2010 - 2011 was 3.3% according to an article in the Denver Business Journal. The study findings are isolated to the City limits only - no outlying suburbs are included.  The article reported Denver added 19,960 people during the time period analyzed.  This increase translates to 8,793 new households during …

$180 million Former CUHSC project probably won’t go forward without a Walmart Says Developer

From a recent front page of the Denver Post: Proposed Denver Walmart underscores company's polarizing effect Image Source: pumaworldhq.blogspot.com Neighbors and community activists are against the project for many reasons - a major one being WalMart's labor practices: "Wal-Mart reports that its average hourly wage for full-time associates is $13.24 in Colorado. A Denver worker needs to earn …

Recovery in Housing or Just Smoke and Mirrors?

Came across this interesting blog post: Housing Recovery Narrative Surges Forward, But Reasons for Price Rise More Sinister I think this  author's main point is that we should be skeptical of the "everything is getting better" messaging that is filtering through the press - to which I whole-heartily agree.  True real estate professionals should always be …

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