NoCo Newsletter | July 11, 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 jobless claims, interest rates, and more.
NAI Affinity is a drop location for Realties for Children’s Back to School Collection. Now thru July 16th, you can drop off a back pack and/or school supplies at our office at 3665 JFK Pkwy #202, Fort Collins. Every child deserves to feel prepared and confident walking into school. The Back to School Collection by Realities For Children is a program that relies on donations to provide school supplies to local children who have experienced abuse, neglect, or are at risk, enabling them to thrive academically.
REAL ESTATE & BUSINESS NEWS
- Aims Buys Former Blue Ocean Hangar for New Maintenance Program
- “Aims Community College has taken its next step in creating its new Aircraft Maintenance Training Center. The college on June 18 closed on a $19.5 million property at the Northern Colorado Regional Airport previously owned by Blue Ocean Aviation LLC, which is affiliated with Otter Products LLC.” (BizWest)
- Super-Cold Ice Cream Coming to Fort Collins
- “He’s got the idea. He’s got the equipment. He’s got a five-year lease on the space. Now all Kenny Haap needs is a contractor to help him build out a really cool sweet spot in Fort Collins. Haap, with 30 years of experience in the hospitality industry but declaring he’s “tired of working for The Man,” wants to open a Sub Zero Nitrogen Ice Cream shop at 1501 W. Elizabeth St. near the Colorado State University campus.” (BizWest)
- Nearly Two Dozen Boulder Valley, Northern Colorado Safeway Stores Could Be Sold
- “C&S Wholesale Grocers Inc., a privately held New Hampshire company that owns several grocery-store brands such as Piggly Wiggly, would be the buyer if Abertsons’ divestiture plan — developed as a way to assuage regulators’ concerns over antitrust issues related to the consolidation of two of the nation’s largest grocery-store operators — comes to fruition.” (BizWest)
- 6 Colorado Colleges Named Among Best in U.S. Did Yours Make the Grade?
- “Colorado State University received four out of a possible five stars in Money magazine’s recently released list of 2024 “Best Colleges in America.” Money ratings are based on 25 factors related to quality of education, affordability and outcomes, according to the methodology published online with the ratings.” (The Coloradoan)
- Infusion of $127M Boosts Bid by Colorado Tech Hub to Be “Silicon Valley” of Quantum
- “Colorado is closer to becoming the center of the nation’s quantum technology universe with the award of $40.5 million in federal money, which will leverage $77 million in state commitments and ultimately could mean roughly $1 billion more in federal dollars for the region.” (The Denver Post)
- State Assesses Geothermal, Hydrogen Power to Help Make Colorado 100% Renewable
- “Colorado’s goal is to get to 100% renewable energy by 2040 and state officials are looking to geothermal and hydrogen power as important pieces of making the transition. Colorado’s goal is to get to 100% renewable energy by 2040 and state officials are looking to geothermal and hydrogen power as important pieces of making the transition.” (The Denver Post)
- Lawsuit Targets Denver’s Restrictions on Use of Natural Gas In Buildings
- “A group of national and Colorado organizations is suing to overturn Denver building codes intended to address the effects of climate change by limiting the use of natural gas in buildings. The lawsuit filed Wednesday in U.S. District Court in Denver takes aim at a city ordinance that prohibits natural gas furnaces and water heaters in new commercial and multifamily buildings.” (The Denver Post)
ECONOMIC & EMPLOYMENT NEWS
- Fed Chairman Powell Cites Risk in Keeping Rates Too High for Too Long
- “In testimony before the U.S. Senate Banking Committee Tuesday, Federal Reserve Chair Jerome Powell suggested that the nation’s central bank may soon determine the time has come to begin lowering the federal funds rate.” (Connect CRE)
- Cheyenne Lands $800M Data Center and High-Tech Jobs
- “Meta Platforms Inc. (Nasdaq: META) will build an $800 million data center in Cheyenne that is expected to bring close to 1,100 jobs — mostly during construction of the facility — to the area.” (BizWest)
- Colorado Bankruptcy Filings Climb 26% in June
- “Bankruptcy filings in Colorado increased 26% in June from the same period a year ago, the slowest rate of increase since March.” (The Denver Post)
- Interest Rates, Elections Increase Uncertainty Among Colorado Biz Leaders
- “National issues — particularly the upcoming presidential election and nagging inflation — worry Colorado business leaders more than local ones, leading to a drop in optimism about the economy, a recent University of Colorado Boulder survey shows.” (BizWest)
- US Continuing Jobless Claims Increase for a Ninth Straight Week
- “Recurring applications for US jobless benefits rose for a ninth straight week in the longest stretch since 2018, indicating a growing number of people are having difficulty finding a new job.” (Bloomberg)
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 Bloom, a new mixed-use community designed to create harmony between the modern world and the beauty of nature. The vision is to share a unique view of the world through colorful art, unique shapes, diverse patterns, and unexpected designs, bringing people, homes, plants, art, and programming together with dynamic, highly experiential spaces. Bloom will include approximately 1,600 – 2,000 homes, combining a mix of apartments, condos, townhomes, and single-family homes with a pedestrian parkway creating high connectivity between the commercial and residential areas. Available sites are well suited for a variety of uses such as retail, medical, hospitality, fitness, office and more.
Click here to learn more about this opportunity.
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