Market Updates
City of Delta was awarded over $13 Million for Main Street Beautification program, geared to calming traffic down. Lots of controversy, upset commercial owners with parking being removed. City of Delta is also buying a building with grant funds to run a “resting place” for the homeless. Also creating a lot of controversy and complaints.......
The real estate market in Montrose has been off in all areas except residential where average home prices are typically less than $500K. But a lot of folks are still really interested in the area. Montrose has been overly flat. There has been a lot of hesitancy on the political and economic fronts. There is......
The demand for commercial real estate in Steamboat Springs remains robust. Despite higher interest rates impacting transaction volume, the limited supply, particularly in industrial land and retail/multi-family development sites—continues to support elevated property values. CAP rates remain low to moderate, depending on asset class and location, with prices still hovering near all-time highs. Historically, Steamboat’s......
PUBLIC POLICY While Colorado Springs relies heavily on government sectors, its concentration in missile defense and space technology has largely remained untouched by DOGE. Moreover, numerous mid-sized private enterprises engaged in government contracts are confident about continued growth and expanding opportunities in the region and beyond. After a decade-long ban, Colorado Springs ballot measures passed......
City of Delta’s Downtown Development Association is actively working on improving downtown. The City was awarded over $13M to do improvements to Main Street. A retail/flex project is under construction on Stafford & Crawford in Delta. There will be two 12,240 sq.ft. bldgs divisible to 2,040 sq.ft. with ground roll up doors in back. City......
NLC25 brought together 550 of the nation’s top land brokers for a few days of sharp insights, real connections, and serious deal-making. RMCRE Board Members, Justin Osborn and David Porter were in attendance. Set in Tucson’s desert landscape, the event kicked off with a golf scramble and rolled into high-impact sessions focused on land education......
RMCRE Broker, Brian Bray helped broker this sale in Grand Junction to another local business owner, Adam Kinsey. Since 2018, Kinsey has overseen one of the most prominent watering holes in the Redlands — Handlebar Tap House. “I was motivated for the building. It’s a great building. It was built for the purpose of being......
PUBLIC POLICY CHANGES Mesa County Valley School District 41 Board of Education voted to close three elementary schools, citing low enrollment and poor building conditions and safety concerns: Nisley, Scenic, and Clifton Elementary Schools. Mesa County Valley School District 51 Ballot Issue 4A: Shall District debt be increased to renovate Fruita Monument High School and......
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We recently sold High Valley Mobile Home Park in Alamosa, Colorado listed at $780,000! The property consists of twenty acres, only seven of the twenty is being used for the park. So, there are thirteen acres that could possibly be an enlargement of the existing park. The mobile home park includes 28 spaces (one......