February 2014

There are 4 blog entries for February 2014.

(Source: NAR) Market fundamentals in commercial real estate continue to improve but at a slower pace, according to the National Association of Realtors® quarterly commercial real estate forecast.Lawrence Yun, NAR chief economist, said fundamentals are still on an uptrend. “Growth in commercial real estate sectors continues at a moderate pace from a very slow pace of absorption, despite job additions to the economy. Companies appear hesitant to add new space,” he said.

“Office demand is expected to see only slow and gradual improvement. Demand for retail space is benefiting from improved household wealth, while industrial real estate is stable with increasing international trade, which requires warehouse space. Of course, the apartment market

1,067 Views, 0 Comments.

Published in The Steamboat Pilot & Today on Friday, February 14, 2014

By Michael Schrantz

"Steamboat Springs — The next phase of Wildhorse Marketplace could be in place by late 2015 or early 2016.

The mixed-use commercial development along Mount Werner Road has filled up in recent months, and the project’s developer is looking to build on the remaining vacant area just east of the existing buildings.

When the original developer, Whitney Ward, withdrew from the adjacent residential project, Wildhorse Meadows, he obtained full ownership of the Wildhorse Marketplace.

Jon Sanders, of Ski Town Commercial, was hired by Ward to handle the leasing of the space and any potential sales to tenant businesses.

Sanders said that a few tenants already

1,749 Views, 0 Comments.

Published in The Steamboat Pilot & Today on Saturday, February 8, 2014

By Michael Schrantz

"Steamboat Springs — The condo market in Steamboat Springs has undergone several shifts since the boom times of 2007.

In 2007, condo sales outpaced single-family home sales in Steamboat Springs, but since then, more single-family homes have sold each year through 2013.

In 2013, according to Steamboat Springs Multiple Listing Service data compiled by Realtor Doug Labor, single-family homes sales made up more than 30 percent of the market while condo sales accounted for less than 25 percent.

Labor said that the lag in condo sales following the real estate crash could be attributed to depressed prices attracting new buyers and condo owners looking to

760 Views, 0 Comments.

Published by blog.lawdepot.com on February 4, 2014

Posted By: Kristy DeSmit

"Let’s be realistic as real estate investors: we’re in it for the money. While all those greenbacks may give us incentive to invest, we tend to forget about the risks we can encounter, including bad tenants, loss of value and regional market instability.

Here is a list of the five most important actions every real estate investor should do to protect themselves:

1. Insurance

Insurance should be your largest priority after you have completed the purchase agreement for your property. Those who don’t believe their property can be damaged in a fire need to change their attitudes. Fires, floods and other damages can occur without notice, especially in condos, apartments

979 Views, 0 Comments.