NoCo Newsletter | June 13, 2024
Discover our newest listings, recent happenings in the NoCo CRE community & other industry news. This edition brings recent real estate transactions, Woodward makes Fortune Top 1000 list and other positive economic news.
REAL ESTATE & BUSINESS NEWS
- Investors Trade Boulder Apartment Complex for $159M
- “In what could be one of the Boulder Valley’s richest multi-family transactions of the year, a pair of out-of-state real estate investment companies recently traded the upmarket 3100 Pearl apartment complex in Boulder’s Boulder Junction neighborhood for $159 million.” (Boulder Daily Camera)
- This City Offers People Moving to Colorado the Best Bang for the Buck
- “With fewer people moving across state lines, and population growth slowing, places within Colorado will have to compete harder with each other to attract new residents. Grand Junction, Littleton and Loveland are the top three spots in Colorado, according to a new ranking from USA Today Homefront.”(The Denver Post)
- Larimer County Awards $1M for Affordable Housing Project
- “Fort Collins Habitat for Humanity was awarded $1 million by the Larimer County Board of County Commissioners for nine lots in the Heartside Hill.” (The Coloradoan)
- Construction Begins on Hope Springs Community in Greeley, with nearly 491 Affordable Housing Units planned
- “Greeley-Weld Habitat for Humanity, in partnership with the city of Greeley, hosted a ribbon-cutting ceremony for Habitat for Humanity’s largest community in Colorado. The Hope Springs project aims to provide affordable and sustainable housing solutions for local families amid a longstanding housing crisis with escalating home prices across the state and nation.” (Greeley Tribune)
ECONOMIC & EMPLOYMENT NEWS
- Woodward Cracks Fortune 1000 List
- “Woodward Inc. (Nasdaq: WWD) made the 2024 Fortune 1000 list of the country’s largest public companies. The Fort Collins company that designs, manufactures and services energy-conversion and control solutions for the aerospace and industrial equipment markets was 907th in the magazine’s rankings.” (BizWest)
- Sphere Renewables Expands Operations in Fort Lupton, Colorado
- “ Sphere Renewables, a leader in manufacturing and distribution to the renewable energy industry, proudly announced a significant expansion of its operations in Colorado with a ribbon cutting at their new facility in Fort Lupton. The construction of this new 43,000 square foot facility will serve as Sphere Renewables’ U.S. headquarters for its Colorado operations, showcasing the company’s commitment to its mission of reducing costs of energy by improving efficiencies through local manufacturing solutions.” (Upstate Colorado)
- Windsor Tops State in Population Growth
- “Half of Colorado’s fastest-growing communities with populations of 20,000 or more lie in Northern Colorado, with Windsor topping the list.” (Bizwest)
- Jobless Claims Jump to Highest Level in 10 Months
- ” Initial jobless claims surged by 13,000 — to 242,000 — in the week ending June 8, the Labor Department said Thursday. That’s the highest level of claims since last August. Economists polled by The Wall Street Journal had estimated new claims would fall to 225,000. ” (MarketWatch)
- Wholesale Prices Unexpectedly Fell 0.2% in May
- “The producer price index, a gauge of prices that producers get for their goods and services in the open market, declined 0.2% for the month against expectations for a 0.1% increase.” (CNBC)
- Consumer Inflation Continues to Moderate in Denver
- “Prices rose 2.6% year-over-year in May in the Consumer Price Index for Denver-Aurora-Lakewood. That is below the annual increase of 3.3% measured nationally and down from the 5.1% annual rate seen in May 2023.” (Denver Post)
COMMUNITY & OTHER INDUSTRY NEWS
- Client Testimonials
- Old Town Square No. 4 in USA TODAY 10Best Readers’ Choice Awards Best Public Squares List
- Most Peaceful Place to Live? Fort Collins Tops the List With Outdoor Recreation, Low Noise
- Here Are 15 Road Projects at the Top of Fort Collins’ List for the Next 10 Years.
- Fort Collins Area Chamber of Commerce: Northern Colorado Economic Overview
- Northern Colorado Boasts Nine of Top 20 Fastest-Growing Communities in State
- 2 Colorado Cities in Top 4 ‘Best Places to Live Rankings
- Denver International Airport Ranked No. 6 in Passenger Traffic Worldwide
- Support Your Local Bold Voice of Business by Contributing to the 13th Annual Moving Fort Collins Forward! Campaign
FEATURED LISTING
NAI Affinity is pleased to present this Multi-tenant professional office building available along W. 20th Street in west Greeley in close proximity to restaurants, retail, housing, recreation and public amenities. Building has three tenants in place with one vacant space available on the lower level. Click here to learn more about this opportunity.
See previous newsletters here.
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