Just when you think summer will go on forever, a cold wave from Alaska hits and it’s “welcome to winter.” Have you tried to hire a roofer or plumber lately? With the heavy fall rains in the Grand Valley and recent bone-chilling temperatures, leaky roofs, frozen pipes, water breaks and furnaces that won’t run are […]
Several national sources list Colorado as the state with the fastest-growing economy in the nation. We all know Denver and Front Range communities have experienced fantastic growth in payrolls as well as housing prices and industrial lease rates. Meanwhile, the Grand Junction economy seems to be plugging along. We’re reminded that we tend to follow […]
The commercial real estate market in the Grand Valley continues to try to strengthen. Local real estate activity has remained quite busy, and 2013 has seen investor purchases for the first time since 2008. However, it’s commercial leasing activity that’s kept local commercial brokers busy into the holidays. It happens toward the end of each […]
As baby boomers approach retirement, it can become readily apparent if they’re falling short of having the necessary investments to secure their future. Perhaps their 401(k)s have taken some large hits over the past several years. Or those investments that were supposed to carry them into retirement bliss turned out to be incredible failures. Whatever […]
It’s a common question I frequently hear from friends and acquaintances: What’s moving in the real estate business? After explaining I don’t sell houses, I usually say the last quarter saw a big increase in industrial leases — or retail leases, investor purchases or whatever the trends were for the last several months. That’s the […]
Quick question: What’s the single denominator that causes real estate sales and leasing to slow? Answer: Indecision. Thank goodness the election is over, politicians insist we’re not falling off a fiscal cliff and we’ve entered a new year full of promise. And thank goodness the indecision is over. Commercial real estate users and investors have […]
One doesn’t have to look far to see the positive developments that have occurred in the Grand Valley in the aftermath of the energy boom. Since 2000, energy exploration and development have brought in extra dollars to build highway infrastructure, whole new retail developments and a housing boom that lasted until 2009 — not to […]
It’s all about jobs. Job growth in the Grand Valley has been trending in a negative direction since the 4th quarter of 2008. We see an anemic commercial and residential real estate market because job growth has left the area. Obviously, it’s business or government that creates projects that hire […]
As we pass another annual birthday milestone, we are often reminded that nothing in life is permanent, that life is short, and there is no time like the present to achieve those items still on our life’s bucket list. The same seems to hold somewhat true for the personal goals we often set on January […]
What does the rest of the year look like in commercial real estate? Coldwell Banker Commercial Affiliates President & COO Fred Schmidt answered five questions and gave his thoughts on the current business environment, commercial market, CBC happenings and more. Provide us with your perspective on CRE activity for the first quarter. I’m noticing a […]