News
PUBLIC POLICY CHANGES Grand Junction City Council passes moratorium to last one year to provide time to pass regulations that will comply with the Colorado HOME ACT. Grand Junction City Council voted to revert 4th St and 5th St to two lane, one way roads after comparing bids for the project. DEVELOPMENTS Confluence Center –......
PUBLIC POLICY Voters overwhelmingly rejected the Karman Line Annexation in a mail-in special election held June 17, 2025, with 82% voting no and turnout at 24.5%. This would have annexed a small portion of land east of the Colorado Springs Airport. On May 16, 2025, Governor Polis signed an order tying state housing funds to......
PUBLIC POLICY CHANGES City of Grand Junction 2A: a vote on if the municipal vote should be moved to November on odd numbered years, beginning with 2027: 66.67% yes/33.33% no City of Grand Junction 2B: a vote to raise the salary of city council and to provide a basis for the raise of salary for......
As a Vice President and Banker at J.P. Morgan Private Bank, Michael Naughton (pictured on the left) guides highly successful individuals, families, entrepreneurs and executives in formulating asset management strategies to help build and steward wealth across generations. As their advocate, Michael orchestrates a team of specialists to align bespoke approaches for investments, estate and......
RMCRE Partners and Affiliates had a fantastic board meeting in Breckenridge. Several partners and affiliates enjoyed a fun round of golf at The River Course in Keystone, and everyone joined together in the evening for a delicious dinner at The Horseshoe, courtesy of JP Morgan Chase and Michael Naughton. During the Board meeting on Friday,......
Commercial activity in Alamosa and the surrounding San Luis Valley is largely stagnant, with a few things happening including two hotel builds (one in downtown Alamosa and one in Monte Vista near the fairgrounds), and an ENT credit union breaking ground near the Wal-Mart. Residential construction and development continues as the city attempts to catch......
PUBLIC POLICY CHANGES Breckenridge’s new energy efficiency building codes will require builders and commercial properties to improve energy efficiency, including better insulation and preparing homes for future electric upgrades. These rules should make it easier to follow energy laws, but may increase costs, especially for electrical upgrades. Summit County is developing a waitlist for short-term......
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......