NoCo Newsletter | August 8, 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, weak jobs data and more.
REAL ESTATE & BUSINESS NEWS
- Krispy Kreme to Open August 13 in Fort Collins
- “Just five months after its construction began and three months ahead of schedule, a Krispy Kreme doughnut shop will open next week in Fort Collins. The 3,505-square-foot store at 4624 S. Mason St. will open at 5:30 a.m. Aug. 13, and just as it did at its March 19 groundbreaking ceremony, free doughnuts will be the draw.” (Biz West)
- Lind Has Acquired Land for Colorado Eagles Arena, Hotel in Greeley
- “Windsor developer Martin Lind has acquired two contiguous parcels of land on the west side of Greeley as he works to assemble properties for his massive new arena, hotel and water-park development..” (Biz West)
- Greeley Officials Kick the Tires on 20-Year Airport Vision, Expansion.
- “After years of scrapping for every bit of growth, the Greeley-Weld County Airport may be at the right spot, finally at the right time. City leaders have developed a 20-year airport vision to bring much more commerce, people and money to the city’s east side, which if all goes according to plan could add $393 million in value to the community by 2045, dwarfing the $67 million value it brings now.” (BizWest)
- Metro Denver Flooded with New Apartments, but Renters Snapping Them Up
- “Developers in metro Denver added a record number of apartments in the second quarter and housing-hungry tenants, like Oliver Twist, swallowed them all up, held out their empty bowls, and said “Please sir, I want some more.” (Denver Post)
- New Pickleball Center Set for Southeast Fort Collins
- “Two families are planning an indoor-outdoor center for “serious pickleball players” that they hope to open in late spring or early summer next year in a southeast Fort Collins space that had been home to a call center.” (Biz West)
- Home Goods Retailer Closing Midtown Fort Collins Big-Box Store
- “A Fort Collins home goods store will close after a decade in its sprawling Midtown building. Conn’s Home Plus, 120 Bockman Drive, will shutter alongside all of the company’s other locations — more than 170 in all — following the retailer’s recent Chapter 11 bankruptcy filing, according to USA TODAY.” (The Coloradoan)
ECONOMIC & EMPLOYMENT NEWS
- CU Economists: Colorado Economy ‘Remains Strong’ Midway Through ’24
- “Halfway through 2024, Colorado’s economy “remains strong” and “continues to show resilience,” according to the recently released Colorado Business Review, a newsletter prepared by the Leeds Business Research Division at the University of Colorado.” (BizWest)
- Lousy Jobs Report Faces Fed to Reckon with Hard Landing
- “The script is being flipped for the U.S. economy. For 2½ years, high inflation has drawn a nearly single-minded focus from the Federal Reserve and the White House as the nation’s foremost economic challenge. But in the span of a week, punctuated by a surprisingly lackluster July hiring report on Friday that sent markets reeling, the labor market has become the locus of concern for economic policymakers in Washington.” (Wall Street Journal)
- Fannie, Freddie Are Poised to Tighten Real-Estate Lending Rules
- “Move comes as federal regulators and prosecutors step up efforts to root out commercial mortgage fraud” (Wall Street Journal)
- Weak Jobs Data Shifts Fed Rate-Cut Debate From When to How Many
- “US adds 114,000 jobs, much weaker than expected. Unemployment rate rises; hourly earnings come in soft. Weak report boosts chances of Fed rate cut in September.” (Bloomberg)
- Big Lots Could Potentially Close 315 Stores
- “Up to 315 of discount retailer Big Lots’ locations could be on the chopping block and facing potential closure, a Securities & Exchange Commission filing from Friday indicated.” (Fox Business)
COMMUNITY & OTHER INDUSTRY NEWS
- Client Testimonials
- Old Town Square No. 4 in USA TODAY 10 Best 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
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See previous newsletters here.
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