Tuesday, October 23, 2012

Housing News Digest, October 23

State supreme court ruling rejected ‘buyer beware’ mindset in 1964 Q: What are my rights as a homeowner? A: According to the American Bar Association, generally what you do with the home you own is up to you. “You have a right to maintain or neglect, preserve or remodel, keep, sell, or give away, and enjoy your home as you see fit.” Like many other of our rights, however, there can be limitations placed on what a homeowner can do with a property by federal, state or local laws. Cities place limits on homeowners through zoning and building codes which may limit your ability to build a fence, move the driveway or add a garage on the property.

  Broomfield's Arista development a comeback story after downturn BROOMFIELD — Arista, a master-plan development that came to a standstill during the economic downturn, is back on its feet, a comeback story with multiple plotlines. The latest addition to the 200-acre Arista development is KB Homes, which is building a new community of energy-efficient paired homes on the site.

  Stoneleigh JV Closes On $31M Multifamily Loan Stoneleigh Cos. LLC is partnering with Arris Investment LLC to acquire 13.8 acres of vacant land, and the joint venture has closed on the construction loan for the 298-unit apartment project known as M2 Apartments here. The property is the ninth multifamily project acquired and developed by Stoneleigh in the past three years and adds a new major market to its investment portfolio. According to Rick Cavenaugh, president of Stoneleigh, in a prepared statement, “M2 Apartments is our second new construction project started in the past year and will be a unique new product in the Southwest region of Denver. We were fortunate to acquire this in-fill location with tremendous retail and

  Chris Achenbach, David Zucker team up for sustainable projects Chris Achenbach and David Zucker proved that having the right idea at the right time can pay big dividends while also benefiting the community. Their idea seems simple enough: Sustainable building not only is good for the environment and the community, it’s also good for the bottom line. But it took delivering a downtown Denver apartment complex that sold in the last year for a record price to prove it to the market.

  Colorado divvies up $51.2 million in mortgage settlement funds Seven months after Colorado learned it was to get nearly $51.2 million from the multistate mortgage settlement deal with the country's five largest banks, officials announced Thursday it has been divvied up.