Market Updates
Developments – What is happening Market has been extremely strong. Lots of monies from from out of state area coming into Montrose Area. There is not much inventory either for sale or lease. Several of these transactions were Owner Carry. On the downside, several other transactions were terminated due to conventional financing interest rates. Overall,......
Congratulations to RMCRE’s own Lucinda Stanley, who was recently named Delta County Economic Board President. Delta County is located on Colorado’s Western Slope at the base of Grand Mesa, home to the delightfully diverse communities of Cedaredge, Crawford, Delta, Hotchkiss, Orchard City and Paonia. Lucinda has been a commercial real estate professional since 1984. She......
Developments: The surge in apartment construction was particularly evident in the southern and eastern regions of Downtown Colorado Springs, along the Powers Blvd. corridor, and in the rapidly expanding northern part of the city. In 2023, interest rates rose as the Federal Reserve aimed to control inflation, adversely impacting the housing market in Colorado Springs.......
NOTES: As 2023 ends, the buyers’ demand for commercial real estate is still in high demand but prices are softening depending upon inventory, type of use, and price. The commercial real estate market in Steamboat traditionally follows residential market trends but at a slower pace and it has also slowed for all the same reasons.......
NOTES: During the first seven months of 2023, we’ve seen an increase in inventory leading to some softening in prices, but still a significantly stronger market then pre-pandemic levels prior to 2020. At the end of July, the total number of residential properties on the market for sale throughout the Aspen Snowmass market was 22%......
Recent Deals We sold a commercial property the former Salida Auto Sales to Chaffee County for the purpose of putting in a new sheriff’s office. The purchase price was $2.3M. New Properties For Sale We just listed four industrial lots. Each are a little over an acre. Two have wells already drilled, and those are......
7% cap investment 2,575 SF downtown restaurantClosing Date: 5/31/2023Sold Price: $526,500 Tenant is a popular, established restaurant in downtown Grand Junction’s Main Street with great foot traffic, plenty of on street /public parking. Beautiful, central location in a historic building right there for all festivals, parades, and Farmer’s Market....
DEVELOPMENTS The Air Force decided that U.S. Space Command’s permanent headquarters will remain in Colorado Springs, instead of moving to Huntsville, AL. A developer’s plans to build nearly 500 additional homes and more business space in an existing undeveloped subdivision near Peterson Space Force Base on Colorado Springs’ east side earned unanimous approval on Tuesday......
Brigitte de Pagter Kusuno is a Colorado native born and raised in Telluride. Brigitte is Dirk de Pagter’s oldest daughter, wife of Chad Kusuno and mother of 20 year old Landon, 18 year old Kai and 13 year old Kobe. An avid snowboarder, Brigitte enjoys spending her spare time on the mountain riding and skiing......
DEVELOPMENTS Clifton Mesa County Sheriff’s Office (project completed): The new 3,500 sq.ft. substation at 126 2nd Street will provide quicker response times and more frequent patrolling. Clifton Branch Library (under construction): The new library will be built next to Rocky Mountain Elementary School at 3270 D½ Road. The 17,800 sq.ft. library will be about three......