Monday, February 4, 2013

Housing News Digest, February 4

Coldwell Banker real estate company buys Keller Williams in Northern Colorado The decision-makers at Coldwell Banker Residential Brokerage recently demonstrated their optimism about the future of the real estate market in Northern Colorado with the purchase of the assets of Keller Williams Realty. Coldwell Banker Residential Brokerage, which has 16 offices and 1,100 agents from Fort Collins to Pueblo, announced Jan. 10 that it had acquired the assets of CRES LLC, which previously did business as Keller Williams Realty of Northern Colorado.

  New development plan for 9th & Colorado site of old University Hospital complex DENVER - A new plan for the old University Hospital complex at 9th Avenue and Colorado Boulevard includes more housing and likely a King Soopers. 7NEWS confirmed with King Soopers spokeswoman Kelli McGannon that the grocery chain is finalizing negotiations to build a standard King Soopers to be the anchor of the 9th and Colorado development.

  Homes in Steamboat Springs less expensive to buy and own than in 2004 Steamboat Springs — Chris Paoli, of Colorado Group Realty, told a large gathering at the Sheraton Steamboat Resort this week that although the recovery of the local real estate market is lagging behind that of Colorado’s Front Range, where prices grew by 6.6 percent last year, there are signs of improvement. Declining inventory, homes priced below replacement cost and affordability all are key trends to watch in 2013, he said.

  Nichols cements deal for $82M mixed-use project After trying to make the deal work for almost six years, Randy Nichols sold the land and the apartment side of a proposed 312-apartment, multi-use building development at 20th Street and Chestnut Place in Denver.

  Vacancy rate at Colorado Springs shopping centers high But by the end of 2012, the retail vacancy rate at Colorado Springs-area shopping centers had risen to its highest level in nearly 20 years — in large part because of a flood of store closings. The vacancy rate for local shopping centers climbed to 12.2 percent in the fourth quarter of last year, according to Turner Commercial Research of Colorado Springs.