NoCo Newsletter | July 25, 2024

NoCo Newsletter | July 25, 2024

Discover our newest listings, recent happenings in the NoCo CRE community & other industry news. This edition brings recent real estate news plus economic updates including interest rates and more.

REAL ESTATE & BUSINESS NEWS

• Loveland Hospital Ranked No. 2 in Colorado by U.S. News and World Report
  • “Loveland is home to a top-ranked hospital in Colorado. UCHealth Medical Center of the Rockies in Loveland has been named the No. 2 hospital in the state and the top hospital in Northern Colorado by U.S. News and World Report.” (The Coloradoan)
• Denver Sets New Records in Visitor Numbers and Spending in 2023, passing $10 Billion for the First Time.
  • “Denver set new records in 2023 for both domestic visitors and money spent by those visitors — eclipsing $10 billion for the first time, it was announced Tuesday.” (The Denver Post)
• Poudre School District Might Request Tax Increase to Avoid Closures
  • “Poudre Schools might request property tax increase to avoid closures. Poudre School District’s plans to consolidate were brought to a halt in May after community pushback. The school board is asking the public to weigh in on a plan.” (9News)
• REI Co-op Set to Open In August at Centerra
  • “REI Co-op will open its new Loveland store in one month at the Centerra shopping center. The specialty outdoor retailer will hold a three-day celebration beginning Aug. 23, with giveaways, music and more.” (Biz West)
• Fort Collins’ Power Provider Shares 20-year plan: No Coal, Way More Renewables. And Gas
  • “Platte River Power Authority presented its formal plan for how it proposes to meet the energy needs of its customers over the next several years: by introducing a new carbon source and exponentially adding renewable energy sources while pursuing emerging technologies.” (The Coloradoan)
• Wellington Wins Lawsuit vs Connell, Which Wanted to Bring Asphalt Plant to Town
  • “A Larimer County judge ruled the Wellington Town Board was justified in denying plans for an asphalt mixing plant on the edge of town. Connell Resources Inc. filed the lawsuit in Larimer County District Court last fall, saying the town board erred when it overturned the previous decisions of the town’s planning commission and board of adjustment.” (The Coloradoan)
• Largest Solar Project in Northern Colorado Breaks Ground in Severance
  • “The largest solar generation project in Northern Colorado is now underway. Platte River Power Authority broke ground on the Black Hollow Solar project in Severance last week. Once complete, the project will generate enough power to serve more than 63,000 homes, Chief Strategy Officer Eddie Gutiérrez said.” (The Coloradoan)

ECONOMIC & EMPLOYMENT NEWS

• The Hottest Job Market in a Generation is Over
  • “Americans’ once-in-a-generation job market has come to an end. The red-hot hiring and rock-bottom unemployment that helped millions of workers find new gigs, boost their wages and reinvent their careers are giving way to more prosaic times. While the market is still healthy by many measures, signs of difficulty are creeping in.” (The Wall Street Journal)
• I Changed My Mind. the Fed Needs to Cut Rates Now
  • “I’ve long been in the “higher for longer” camp, insisting that the US Federal Reserve must hold short-term interest rates at the current level or higher to get inflation under control. The facts have changed, so I’ve changed my mind. The Fed should cut, preferably at next week’s policy-making meeting.” (Bill Dudley, Bloomberg)
• Powell Signals Rate Cut Coming Into View but Declines to Say When
  • “Federal Reserve Chair Jerome Powell declined to change expectations Monday that the central bank would hold interest rates steady at its meeting in two weeks as officials look ahead toward potential rate cuts after that. But Powell declined to say whether that would justify lowering interest rates at policymakers’ meeting later this month, on July 30-31. Investors broadly expect the central bank to start reducing rates at its following gathering in September.” (Wall Street Journal)
• Prices Fell in June for the First Time Since the Start of the Pandemic
  • “The Consumer Price Index, a measurement of the average change in prices for a commonly purchased basket of goods and services, dropped 0.1% from May, which helped to slow the annual rate of inflation to 3% from 3.3% in May, according to the Bureau of Labor Statistics’ latest report.” (CNN)

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 development ready site with Interstate 25 frontage and across from the newly opened and highly visited Buc-ee’s. This site provides quick connections to the heavily trafficked highway 34 and Highway 60. The site is situated in a rapidly growing area, surrounded by an influx of new commercial and residential development. Suitable uses for the site include: retail, drive-thru restaurants, hotels, medical, and many others

Click here to learn more about this opportunity.

See previous newsletters here.

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