DMCAR Inaugural and Installation of New Officers - 10/30/08 06:26 AM
The Denver Metro Commercial Association of Realtors (DMCAR) held an event October 29th at Denver's Hyatt Regency hotel for the inauguration and installation of officers.  The members welcomed the incoming President, Eric Nesbitt, and the new DMCAR leadership.  In addition, the outgoing Directors of DMCAR were recognized and given a thank you for their work.
Nesbitt remarked that as President he would do all he could to build upon the achievements of the association's previous Presidents and will seek to deliver the same level of outstanding service.  In the coming year, he plans to place a focus on enhancing member benefits … (1 comments)

State of the State of Commercial Lending - 10/30/08 06:16 AM
At a recent Denver Metro Commercial Association of REALTORS® (DMCAR) Industrial and Land Marketing meeting the speaker was Brandon Rogers of Terrix Financial.  Mr. Rogers spoke to the group of commercial real estate brokers about the current state of commercial lending in the Denver market.  Terrix represents insurance companies as well as in-state and out-of-state banks for commercial loans.  His initial description of the market was summed up in one word:  "chaos."  Even though the word "chaos" best describes the current market Rogers went on to say that it is not all doom and gloom.
Rogers adds that many lenders are gone and … (0 comments)

Famous Quotes on Real Estate investing - 10/25/08 06:23 PM
Throughout history, from ancient Hebrew Proverbs to the modern Donald J. Trump, we have advice from the men and women who have become successful by investing in real estate.  As you read the following quotes, you may note, as I did, there is a genuine love and respect for real estate coming from these famous people. Enjoy...
"Don't wait to buy real estate. Buy real estate and wait."  -Robert G. Allen
"Why put your money in the stock market when over 95% of the wealth in this country was, and still is, being made with real estate?" -Unknown 
"Don't wait to … (18 comments)

KW Commercial Names Steve Hewson as Director - 10/22/08 08:29 PM

KW Commercial, Denver, Colorado is pleased to announce that Steve Hewson has been named as a Director in the recently launched KW Commercial division of Keller Williams Realty. Hewson is also a member of a newly formed KW Commercial Group in the Denver-Boulder Metro area along with experienced commercial realtors, Dennis Quinn and Steve Bimm. The Commercial Group's market specialties include office, industrial, retail, land, investment, and multi-family. Their commercial services provide for brokerage, leasing, residential and commercial development, consulting, property management, and M&A business brokerage.The requirements for a KW Commercial Director include a recognized level of experience and volume of … (2 comments)

Denver's Commercial Market at the Top - 10/18/08 12:33 AM
Metro Denver's commercial real estate market continues to be a bright star among large U.S. cities.  National and international investors have Denver on their radar screen for investment.  Commercial transaction volume is down from the prior year but Denver continues to be a strong market.  Absorption continues to be positive, lease rates steady to up, and vacancy rates for industrial, retail and office remain low.
The subprime meltdown of residential real estate has spilled over into commercial financing.  Even though commercial properties have an extremely low national foreclosure rate, lenders have increased their down payment requirements and tightened underwriting criteria.  Commercial … (0 comments)

Announcement of KW Commercial - 10/15/08 11:20 PM
Fort Collins Real Estate merges with Keller Williams (September 2008). Fort Collins Real Estate is joining forces with Keller Williams of Northern Colorado to create the region's only full-service residential and commercial company under a single roof, according to Keller Williams Operating Principal JoAnn Johnston. The merger represents a ground-floor opportunity to launch Keller Williams International's new commercial division in Northern Colorado, said Mike Jensen, who has owned Fort Collins Real Estate since 2003. Fort Collins Real Estate specialized in commercial, investment and residential real estate. Keller Williams of Northern Colorado has offices in Fort Collins, Loveland and Greeley, focusing primarily … (0 comments)

Income Property 101: Revisiting the Benefits of Investing in Income Property - 10/14/08 11:50 PM
In this financial climate, investors need to re-think their allocation of assets between cash, stock, bonds and real estate.  We recommend revisiting the 6 advantages of investing in income properties:
Leverage.  Investors receive two benefits from using leverage (OPM-Other People's Money).  First, the investors have a high percentage rate of return on the invested capital.  Second, the investors can grow their real estate investments and wealth to much higher levels with the use of leverage.
Cash Flow.  After the payment of expenses, debt reduction and taxes, investors have cash flow to re-invest in the property, buy the next investment, or distribute to the investor(s).
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Keller Williams Realty Announces Plans for Commercial Division - 10/13/08 03:36 PM
"Our goal is to expand our platform and make Keller Williams Realty the real estate company of choice in both the residential and commercial worlds by providing our associates the technology, marketing tools, and resources to succeed in the commercial business," said Mark Willis, CEO of Keller Williams Realty. "We want to create synergy and referrals between the residential and commercial sides of our Keller Williams offices, increasing the income and production potential of all our agents."Buddy Norman, a veteran of commercial real estate has joined Keller Williams as president of the new division. Norman has more than 18 years of … (1 comments)

Buying and Selling Real Estate With This Financial Turmoil? - 10/11/08 08:40 AM
Buyers, sellers and investors of real estate are asking us and themselves this week, "What should I do during the financial turmoil we are hearing this week?  Here are a few of our thoughts.
Study the markets, interest rates, financing, economic forecasts, inflation, recession and more.  Read, listen and ask real estate professionals for their opinions about the local market so that you are prepared to make the right decisions. Surround yourself with reliable experts.
Now is NOT the time to be making emotional decisions.  Now is the time to make well-thought out financial decisions.
Our advice is to continue with … (0 comments)

Keller Williams Announces Plans for KW Commercial Division - 10/11/08 07:15 AM
Announcement from Keller Williams International: "Our goal is to expand our platform and make Keller Williams Realty the real estate company of choice in both the residential and commercial worlds by providing our associates the technology, marketing tools, and resources to succeed in the commercial business," said Mark Willis, CEO of Keller Williams Realty. "We want to create synergy and referrals between the residential and commercial sides of our Keller Williams offices, increasing the income and production potential of all our agents."Buddy Norman, a veteran of commercial real estate has joined Keller Williams as president of the new division. Norman has … (1 comments)

KW Commercial Group Formed in Denver - 10/11/08 07:05 AM
The Denver Northwest Market Center of Keller Williams Realty today announced the formation of a KW Commercial Group, comprised of Realtors Steve Hewson, Dennis Quinn, and Steve Bimm."For some time, our market center has been providing our clients with both commercial and residential services," commented Team Leader Heidi Greer Mosher. "The formation of the Commercial Group provides a new focus. These three agents bring many years of experience in providing commercial and investment real estate services to clients."The Commercial Group's market specialties include office, industrial, retail, land, investment, and apartments. Their commercial services provide for brokerage, leasing, residential and commercial development, … (0 comments)

Financial Crisis Has Impact on Interest Rates and Real Estate Purchases - 10/10/08 09:55 PM
This week saw the U.S. financial crisis spread internationally.  With all the volatility and uncertainty in the worlds markets, what has been the effect on interest rates and home purchases?This week we have seen mortgage rates falling.  Good news for consumers and businesses if they are able to get the loans.   We continue to suffer a liquidity crisis around the world which has constrained lending.Bankrate.com says of this week's interest rate activity:  "The benchmark 30-year fixed-rate mortgage fell 22 basis points, to 6.19 percent, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an … (0 comments)

Announcement of KW Commercial Launch - 10/10/08 09:15 PM
Announcement from Keller Williams International: We are pleased to announce that 2008 will mark the launch of the Keller Williams Realty Commercial Division [KW Commmercial].Our goal is to make Keller Williams the commercial real estate platform of choice by providing our commercial associates the technology, marketing tools, and resources to succeed in their commercial businesses...We are also honored to announce that Buddy Norman, a true leader in commercial real estate, has joined the Keller Williams family to spearhead this new venture.Buddy has more than 15 years of experience in the commercial real estate industry - including leadership within international commercial firms, … (1 comments)

Denver Real Estate Market Starting to Recover - 10/09/08 08:10 AM
The Denver Post, in a October 8, 2008, article points to data indicating an improvement in the Denver residential resale market. Recently released data, The Post says, reveals a 14.1 percent increase in homes sold in September 2008 compared to September 2007, with an inventory decline of unsold homes of 21.1 percent from the prior year. Read more here...Most Denver area real estate brokers who we have interviewed say that their business is seeing the same increase that coincides with the data. Home sellers are finally reducing their home prices to the point that buyers and investors are seeing a value … (1 comments)

What is the Impact on Real Estate Post-Bailout? - 10/05/08 09:08 PM
Fannie Mae (FNMA) and Freddie Mac (FHLMC) are no longer with us as the federal government has taken them over under the Economic Stability Act.
Lawerence Yun, Chief Economist for the National Assoication of REALTORS (NAR) has made some predictions.  He says, "First of all, it is likely that mortgage rates will trend down over the short run.  But how much of a decline will depend on how actively the government...loosens the mortgage liquidity spigot." 
Replacing Fannie and Freddie is the newly formed Federal Housing Finance Agency (FHFA) who has the authority to purchase mortgages.  "This will help drive down mortgage … (2 comments)

Denver Highlands Land for Development - 10/05/08 07:40 PM
Excellent opportunity for Developer to build condominium lofts or for Owner/User to develop building for own use.  Developable .28 Acres / 12,187 square foot Corner Lot. Views:  Chaffee Park location with views of the adjacent Park and the Denver Downtown skyline. Top location at 44th and Tejon in rapidly transitioning Denver North Highlands area.  Minutes to Downtown Denver, I-25 and I-70.  Currently zoned B2 commercial, business and also multi-family residential.

 
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Manufacturing / Distribution Warehouse - Keenesburg, Colorado - 10/05/08 07:14 PM
Manufacturing and distribution facility conveniently located on I-76 just 30 minutes from Metro Denver and Greeley.  Most recently used as the former EartHarvest Bakery with ovens and packaging on the main floor. The warehouse on the lower level included a cooler for product storage.  Large 2.10 acre lot with easy entry  from 2 directions and generous parking for employees.  The property also includes a separate air-conditioned office trailer. 
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Denver's Bungalow Architectural Style - 10/05/08 06:56 AM
Built in 1921 this one-story bungalow represents the style of homes built in Denver in the first 30 years of the 20th century.  The style is representative of the Craftsman-Style (1890's-1920's) and the Bungalow-Style (1905-1930).  The Craftsman-Style in California was inspired by the Arts and Crafts movement led in England in reaction to the mass-production of the Industrial Revolution.  This movement advocated a return to the handcrafted arts and the use of natural materials such as wood, stone and tile.  The bungalows exemplified the traditions of simplicity and quality construction for Denver's rapidly growing middle class.  Some of the architectural characteristics … (0 comments)

Denver's Historic Arlington Park and Alamo Placita Neighborhood - 10/04/08 11:18 PM
Denver's Arlington Park subdivision in Capitol Hill is part of the larger Alamo Placita historical neighborhood, both being named for the nearby parks.  Arlington Park and Alamo Placita Park illustrate the early plan to develop parks facing each other on opposite sides of Speer Boulevard and Cherry Creek.  The formal Italian gardens of the Alamo Placita Park section were designed to be viewed from the hillside of Arlington Park (now named Hungarian Freedom Park) which, in turn, was to be viewed from Alamo Placita Park as a meadowed hillside backed by an evergreen forest.  Saco DeBoer designed both parks:  Arlington Park in … (0 comments)

Bimm Joins KW Commercial Group - 10/04/08 06:49 AM
The KW Commercial Group and the Denver Northwest Market Center of Keller Williams Realty announced today that Steve Bimm has joined its team."We are thrilled to have Steve join our team with his extensive background in land development and construction," said Heidi Greer Mosher, the Market Center Team Leader. "His experience will help carve a niche for himself in the Denver Northwest Market Center."Bimm has 30 years experience in the land development, heavy construction management, and civil engineering industries. In addition to real estate, he is the principal of his own land development consulting firm, Advanced Development Services Group, LLC.In real … (0 comments)

Who Won the Vice Presidential Debate? - 10/02/08 09:58 PM
Governor Palin did not commit any of the mistakes that many anticipated.  She did well and held her own with Senator Biden.  She appeared much more prepared for these debates when compared to her recent television interviews.   Biden held himself back and did what he needed to do without attacking Palin or coming across with a condescending attitude.  Both spent most of their time attacking their opponent's Presidential nominee rather than each other. Those of us watching the debate saw a distinct difference in the delivery of each Vice Presidential nominee.  It could be described as Mid-West vs East Coast.  My … (8 comments)

Senate Passes Rescue Plan: How Will It Help? - 10/01/08 10:51 PM

The Senate stepped up to the plate Wednesday night and passed the rescue plan by a 74 to 25 vote. This vote now challenges members of the House who previously voted against a plan and now expected to vote again this Friday on the bailout.Key features of the plan passed by the Senate are:· $700 billion to buy up mostly mortgage-related distressed assets from financial institutions, with $250 billion immediately available· Raise FDIC insurance for banks from $100,000 to $250,000· Tax breaks and credits for both individuals and businesses including:  - Renewal of tax breaks for individuals that were about … (0 comments)

4 Bedroom 2 Story in Eagle Shadow - 10/01/08 03:52 AM
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4 Bedroom Ranch on 1 Acre in Eagle Shadow - 10/01/08 03:40 AM
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