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Rising rents: Time to buy?

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Highlights:

  • Rents are at an all-time high.
  • Buying a home may make more sense than renting.
  • Mortgage rates near all-time lows, but are inching up.
This photo, which shows downtown construction activity, graced the cover of the Denver Metro Apartment report released on Wednesday.

This photo, which shows downtown construction activity, graced the cover of the Metro Denver Vacancy & Rent report released on Wednesday.

Yesterday, InsideRealEstateNews.com reported that the average monthly apartment rent in the Denver-area stood $1,117.12 at the end of the second quarter, an all-time record. Continue reading Rising rents: Time to buy?

Apartment rents rise

Highlights:

  • Denver Metro Apartment Vacancy Rent Survey released.
  • Report finds average rent over $1,100 a month.
  • Discounts also on the rise, blunting impact.

Rising Denver metro-area rents are being moderated by discounts and concessions to renters, according to a report released today. Continue reading Apartment rents rise

Union Station celebration on tap

Highlights:

  • Union Station grand opening gala this Saturday.
  • Free event includes three concerts, food trucks and more.
  • A number of new restaurants already have opened in the station.
Snooze is one of the new restaurants in Union Station.

Snooze is one of the new restaurants in Union Station.

Denver Union Station All aboard. Continue reading Union Station celebration on tap

Hot housing market continues

Highlights:

  • CAR releases 2nd quarter report.
  • Report covers the state and Denver area.
  • Home prices at record levels.
CAR snapshot for Denver area.

CAR snapshot for Denver area.

Over the weekend, Realtor Anthony Rael listed a 3-bedroom, 3-bathroom home with 1,380-square-feet in Arvada. Continue reading Denver, state housing thrives

RedPeak opens famed hotel as apartments

Highlights:

  • RedPeak bought the Burnsley Hotel last year.
  • It spent $7 million renovating it.
  • It’s already about a third leased.
1000 Grant The Burnsley

1000 Grant The Burnsley

The former Burnsley Hotel building, that once was owned by an investment group that included Ella Fitzgerald and Kirk Douglas, made its official debut last week as a luxury apartment tower. Continue reading RedPeak opens famed hotel as apartments

770-home neighborhood coming to Stapleton

Highlights:

  • Forest City unveils new neighborhood at Stapleton.
  • 9 builders will construct 770 homes at Willow Park East.
  • Homes are priced from the $100,000s to more than $800,000.
Willow Park East.

Willow Park East.

A new 770-home neighborhood that will have a completed value of hundreds of millions of dollars, is projected to sell out quickly in Stapleton. Continue reading 770-home neighborhood coming to Stapleton

Spec office building along SE corridor

Highlights:

  • Prime West plans $90 million office tower.
  • Goldman Sachs is a partner at the deal.
  • Tower will be at I-25 and Belleview.
One Belleview Station

One Belleview Station

Denver-based Prime West Development will develop a $90 million, 310,000-square-foot office tower at a prime intersection along Denver’s southeast corner. Continue reading Spec office building along SE corridor

Real estate brands top portals

Join the conversation. What do you think of Zillow, Trulia and realtor.com? Post your comments at the end of this blog.

Highlights:

  • Imprev releases 2014 Thought Leader Survey.
  • Real estate execs believe consumers prefer their companies to portals.
  • The big 3 portals are Zillow, Trulia and realtor.com.

Consumers overwhelmingly view real estate company brands more favorably than national real estate portals such as Zillow, Trulia and realtor.com,.

Continue reading Real estate brands top portals

Housing plan input sought

Highlights:

  • The first of 5 Denver housing plan meetings will be on Thursday.
  • The Denver OED is seeking citizen input.
  • The plan covers a wide-range of housing issues.
This graphic was in the 158-page, 2012 report by BBC Research & Consulting.

This graphic was in the 158-page, 2012 report by BBC Research & Consulting.

Citizens and community groups will have the opportunity this Thursday to attend the first of five meetings to discuss the upcoming five-year housing plan for the City and County of Denver. Continue reading Housing plan input sought

Hancock's State of the City address

(Editor’s note: Today Denver Mayor Michael B. Hancock gave his State of the City address. Among other topics, he addressed affordable housing, neighborhoods, economic development, parks, and, of course, marijuana.)

Highlights:

  • Mayor Hancock gives his State of the City address.
  • Housing, economic development and jobs were a big part of his speech.
  • Last week, Hancock attended a gala at Union Station.

 

By Mayor Michael B. Hancock

From left; Ernie Quemel, broker associate at Equity Colorado Real Estate; Roger Sherman, chief operating officer at CRL Associates; and Mayor Michael B. Hancock. The three were at the Crawford Hotel at the Denver Union Station last week. Hancock mentioned Union Station in today's State of the City address.

From left; Ernie Quemuel, broker associate at Equity Colorado Real Estate; Roger Sherman, chief operating officer at CRL Associates; and Mayor Michael B. Hancock. The three were at the Crawford Hotel at the Denver Union Station last week. Hancock mentioned Union Station in today’s State of the City address.

Quemuel

Quemue

Quemue

Good morning, Denver. Continue reading Hancock’s State of the City address