The Mesa County population has grown 6.1 percent to 155,000 between the 2010 and 2020 census even as 16 other Colorado counties experienced declining populations. Colorado Demographer Elizabeth Garner presented information about population and economic trends at the Western Colorado Economic Summit in Grand Junction. For those who didn’t get a chance to attend, I’d […]
There a lot of questions about residential evictions in Colorado. Can you evict a tenant for not paying rent? Do you have to provide more than 10 days of notice prior to eviction? Can a tenant be charged late fees? Can a tenant’s utilities be shut off if bills aren’t paid? Is money still […]
Activity has returned to the commercial real estate market nationally with some clear winners and losers, according to the Coldwell Banker Commercial (CBC) mid-year 2021 report. CBC sees strength in the industrial, self-storage and net-leased markets, while the hospitality, retail and office leasing markets continue to cause concern. Landlords and tenants in the commercial […]
I’m asked all the time about what I expecting to happen in the local real estate market over the next year or so. While my crystal ball is no better than anyone else’s, I do have some opinions based on my experience and a good understanding of the cycle of real estate. First: Prices […]
The Biden administration has proposed limits to so-called 1031 like-kind real estate exchanges. Internal Revenue Code Section 1031 allows for the deferment of gains on the like-kind exchange of real property. Tax liability simply moves to the next property. According to the recently released Fiscal Year 2022 Budget and General Explanations of the Administration’s Fiscal Year […]
U.S. District Court Judge Dabney L. Friedrich of the District of Columbia recently struck down a nationwide eviction moratorium, deeming it unlawful. The U.S. Department of Justice appealed the ruling, however. If the order is reversed, the Centers for Disease Control (CDC) eviction moratorium could remain in place until at least the end of June […]
Residential landlords beware. If enacted, new Colorado measures could affect your ability to remove defaulting tenants and limit the fees you charge. Here’s a brief summary of a portion of what Senate Bill 21-173 includes as currently proposed: When a landlord removes or excludes a tenant from a dwelling without resorting to proper court procedures, […]
While I normally write about commercial real estate, I want to draw attention this month to another topic — the climbing national debt. Rising debt should ring an alarm for everyone, but politicians from both parties and most people don’t seem concerned. Perhaps it’s just me. The United States national debt tops $28 trillion and […]
Grand Junction voters will once again decide whether or not the city council may allow marijuana businesses to operate in the city. City voters rejected medical marijuana businesses back in 2011. But the issue has returned to the April 6 municipal election ballot. Provided voters repeal the 2011 measure as well as approve a marijuana […]
Before considering what’s in store for commercial real estate in 2021, let’s review some of the lessons from 2020. As with any economic disruption, there were winners and losers. The coronavirus pandemic expedited declining demand for such traditional brick-and-mortar retail locations as enclosed malls and department stores even as consumers adapted to online shopping more […]