Commercial real estate activity cruising at happy pace

Commercial real estate activity cruising at happy pace

Old By Penny Stine The commercial real estate market is humming right now, with new users, new investors, new construction and lots of redevelopment of existing spaces in multiple places across the Grand Valley. “People are really seeing the city’s commitment to downtown and the riverside connection,” said Brian Bray with Bray Real Estate, who recently sold a building on S. Seventh Street, between Main Street and Riverside Parkway. “My wife liked the area down there,” said Allen Akey, who purchased the restaurant building at 811 S. Seventh with his wife, Lena Combs. “She thinks it’s going to be an […]

Builders barely keep up with demand

North Penny Stine New homes in the north area continue to sell at a brisk pace, which means buyers often have to write a contract and wait for months for their home to be built. At Copper Creek North, where Silas and Chris Colman have been building Energy-star certified homes for several years, there are no move-in ready homes available for buyers. “We’re seven months out,” said Naomi Colman, sales coordinator for Copper Creek Builders. The company is still building in the second filing of its subdivision and has already sold about half of filing three. In the last year, […]

Parade of Homes 2018 Follow-up

Parade of Homes 2018 Follow-up

The 2018 HBA Parade of Homes is finished, but fortunately for all of the builders in the Parade, they’re still enjoying the results of their hard work. “We got a lot of leads and we had a constant stream of people,” said Darin Carei with Senergy Builders, who had a home at Harrogate, a new neighborhood off 33 Road in Clifton, in the 2018 Parade. “I don’t think you can get that many people to come into your neighborhood in the course of two weekends without having something like that.” Senergy Builders isn’t the only builder having multiple follow-up conversations […]

International Builders Show – is it worth attending?

International Builders Show – is it worth attending?

“Is attending the International Builders Show (IBS) really worth it?” That’s a question we know gets asked by many in the building industry. When deciding whether attending the 2019 NAHB International Builders’ Show® (IBS) is worth it, the first thing you (and your boss) probably look at is the expense. While the registration fee for IBS is not terribly expensive, with the addition of hotel, airfare and meal expenses, the cost can add up. The truth is, we know that the return on investment completely… Read more online: http://blog.buildersshow.com/

Self-help housing program looking for applicants

Self-help housing program looking for applicants

Housing Resources By Penny Stine Housing Resources of Western Colorado (HRWC) has been active in Mesa County for more than 20 years, helping more than 350 residents become homeowners through its self-help housing program, offering homebuyer education classes and offering home improvement programs such as the weatherization programs or housing rehabilitation loans for low-income residents. Right now, the organization is helping 12 families build homes at Butner Estates, a 40-lot subdivision north of Patterson off 32 Road. “We need 16 more families for the next grant cycle,” said Dawn Walker, housing solutions manager with HRWC. The next grant cycle will […]

Downtown Victorian blends vintage with 21st century features

Downtown Victorian blends vintage with 21st century features

Downtown By Penny Stine Historic downtown properties can be hit or miss. Sometimes, buyers can find homes that have been painstakingly maintained and remodeled to preserve the grandeur while ensuring that they’re a comfortable place to call home. Sometimes, buyers find homes with cramped closets, creepy basements and faded, worn-out carpeting, and sometimes buyers will find homes that sit squarely somewhere in between the extremes. This week’s unique property is one of the positive extremes, with classic architectural amenities that simply can’t be replicated in modern homes. It’s also obvious that it’s been cared for and maintained, offering buyers 21st […]

Western Colorado offers world-class hunting and world-class hunting properties

Western Colorado offers world-class hunting and world-class hunting properties

Hunting Properties By Penny Stine It’s big game hunting season in Colorado. Archery season started this weekend and muzzle-loader and rifle season will soon follow. There’s plenty of good hunting in western Colorado, and fortunately for hunters, there’s also plenty of good hunting properties available that make the experience a little more enjoyable. The market for hunting properties is lively right now for certain types of properties, according to Omar Richardson with United Country Real Colorado Properties. While every property is unique, with its own amenities, location, and appeal, there are three different categories of hunting properties. Some properties include […]

Residential, business and school construction Orchard Mesa

Residential, business and school construction Orchard Mesa

By Penny Stine It looks like construction season in many parts of Orchard Mesa, where construction has started on the new, $40 million middle school and where homes continue to be sold as fast as construction companies can build them. The construction fence and office trailer were installed at the middle school in late July, and the foundation is getting dug and built for the new building, which will be in front of the old building on Unaweep Avenue. The existing school will continue to be used throughout the construction of the new school, which is scheduled to be complete […]

Revitalization in several key areas around the city

Revitalization in several key areas around the city

City Growth By Penny Stine   There are a large number of construction projects underway or in planning stages in the city – where the city has built the infrastructure to handle growth, properties that have been sitting vacant or were underutilized are now getting attention. “This building has been sitting too long,” said Brad Humphrey, who purchased 701 Main St. with a business partner, Rob Hanson, less than two months ago. “We decided to refurbish it and get it back on the market.” The building has been vacant for about a decade, ever since the Cabaret Dinner Theatre closed […]

Commercial development will change the neglected look of riverfront

Commercial development will change the neglected look of riverfront

Commercial By Penny Stine The commercial real estate market has been slower to recover from the Great Recession than the residential market, which is typical, according to many local commercial brokers. Many commercial transactions are more complex, with a higher price tag than a typical 2,000-square foot home, and commercial deals often take years to work out the details, especially when there is significant remodeling that needs to be done to an existing building or new construction of a larger building on vacant land that may involve multiple tenants. “Retail hasn’t come around and oil and gas haven’t either,” said […]

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