Wednesday, April 17, 2013

Housing News Digest, April 17

Cuts by Military Test Colorado Property Prices A Colorado Springs, Colo., office portfolio is testing investor concerns over federal spending cuts. Corporate Office Properties Trust a Columbia, Md., real-estate investment trust and office landlord to government agencies and defense contractors—is getting bids this month on 16 Colorado buildings.

  McWhinney announces new apartment project LOVELAND,COLO.– Loveland-based developer McWhinney will break ground on its fifth apartment project in Westminster this month to help meet the region's on-going record demand for apartments. The vacancy rate for Westminster stood at 4.3 percent at the end of 2012, according to the Apartment Association of Metro Denver. It is the most recent data available. "Rates are as low as they have been in years….and that gives everyone permission to build again," said Christopher Dean, marketing and communications director for the Apartment Association of Metro Denver.

  Ground broken on $25 m apartment project near Park Hill Golf Course Ground has been broken on the Park Hill Apartment development, a $25 million, 168-unit multifamily complex, adjacent to the Park Hill Golf Course and future light rail stop on Colorado Boulevard.

  New bill seeks to clarify Colorado water law in wake of Sterling Ranch ruling Two Colorado legislators have introduced a bill clarifying a state law requiring developers to prove they have enough water to local governments when a development permit is submitted.

  Colorado economic group deems Windsor small community of the year The praise and proverbial pats-on-the-back highlighting Windsor as a good business community keep piling up. The Economic Development Council of Colorado on April 4 named Windsor the “small community of the year” ­— one of only two such awards the group doles out each year. The town was hailed for its efforts to attract and grow businesses and development within the community. “I am very honored to work on economic development efforts for the town of Windsor,” said Stacy Johnson, the town’s economic development manager. “We have such an amazing and dedicated team and incredibly talented group of community partners …