Monday, November 12, 2012

Housing News Digest, November 12

Conservation easements: Regulators crack down on appraisers The Colorado Division of Real Estate is tightening the reins on appraisers blamed for abuses of the state’s conservation-easement program. Last week, an appraiser licensed by the state was recommended for a $3,000 fine and additional penalties including mandatory educational course work and up to a year of supervision for appraisal-law violations.

  Q&A with John Bissett: Homebuyers no longer on the sidelines Colorado Springs-area homebuilders are doing better in 2012 than at any time in the last five years. The pace of home construction so far this year is up 57.5 percent from the same period in 2011, and single-family building permits are on track to finish with their highest annual total since 2007. Barring sudden jolts to the economy or consumer confidence, some industry experts expect the market to continue its recovery in 2013 and beyond.

  Wood Partners Building Green Inspired M-F Complex in Colorado Wood Partners, a national multi-family developer, has started construction on Alta Harvest Station Apartments, a planned 297-unit gated community in Broomfield, Col., which it hopes will achieve a LEED Silver rating by the U.S. Green Building Council.

  Villa Arms Apts. Trade Hands for $2 Million Michael Stickel acquired the Villa Arms Apartments at 664 S. Lincoln St. in Denver from Norris Scott for $2 million or $100,000 per unit. The 20-unit, 11,364-square-foot multifamily building was built in 1967, renovated this year and is in the Colorado Boulevard/Interstate 25 submarket.

  Low vacancy rate attracts apartment builders BOULDER — Boulder’s hot market for apartments is making an impact downtown, with a new plan on the books for a project its developers say will be the first apartment building built downtown in 25 years. Element Properties, a Boulder-based developer and property-management company, and a group of undisclosed investors have purchased the land at 1707 Walnut St. for $2.875 million and plan to build a 20-unit luxury apartment building on the site