Wednesday, March 9, 2011

Housing news digest, March 9

Tribune Opinion: Developer to tear down Villa, build apartments for students, faculty
We were cheered by the news that the former Villa Assisted Living at 1750 6th Ave. will become an apartment complex aimed at housing University of Northern Colorado students and faculty.

The complex, which had originally been constructed for student housing, will be razed by Central Street Capital of Denver, which purchased the complex in November at auction. Central Street Capital is responsible for remodeling the old Regency Hotel off I-25 near downtown Denver and converting it to student housing for Denver’s urban college campuses.

Property auctions gain ground

With the Northern Colorado real estate and housing market recovering from the recession, some portfolio owners have opted to take a more unorthodox method to selling properties - auctions.

Details of Servicer Settlement Surface, Resolution Still A Long Way Away
The settlement terms prompted by robo-signing investigations and presented to servicers by government agencies and attorneys general last week feature 27 pages of rules and regulations for the handling of loans on owner occupied primary residences.

Real estate conference covers a lot of ground
More than 1,000 people, from all over the Colorado, attended the two-hour presentation at the PPA Convention and Event Center next to Invesco Field on Thursday evening. The event was sponsored by Coldwell Banker Residential Brokerage and the keynote speakers were Gov. John Hickenlooper and Denver Mayor Bill Vidal. In addition, a panel of experts addressed just about every aspect of real estate and economic development, from mortgage rates to new home building.