October 17, 2019
BOULDER — A moratorium on development within Boulder’s Opportunity Zone has been repealed. Boulder City Council members voted 6-1 to roll back the measure Tuesday, freeing up developers to begin projects that could allow them to reap tax benefits. The Opportunity Zone program, established as part of the Tax Cuts and Jobs Act of 2017, allows investors to realize certain tax incentives if they put their money into projects within economically distressed neighborhoods. Boulder leaders implemented the development moratorium in February as a way to address concerns that the investors in the city’s...
October 10, 2019
While America’s so-called supercities get the lion’s share of media attention, smaller cities around the country are attracting new businesses, investment and inhabitants with their lower cost of living and higher quality of life. Click through to see how these 10 cities are making a bid for national prominence. Boulder seems to have it all—at 100,000 people more or less, it’s not too big, but neither is it tiny, and it’s just a half an hour from Denver if you need the amenities of a bigger city. Boulder has great restaurants and a vibrant arts and culture scene, and is also considered one of...
October 3, 2019
The next recession has been predicted for a number of years now without making an appearance, but one of these days, history says, the business cycle will turn. What then for the various types of commercial real estate? "The commercial real estate sector as a whole is well positioned for an economic downturn," said John Chang, Marcus & Millichap research services senior vice president, national director. "The underwriting this cycle has generally been sound and the risk of overdevelopment has been muted at a macro level. A significant factor affecting which property types are positioned...
October 1, 2019
Low vacancy rates and relatively stable rents are helping keep Boulder’s commercial real estate market humming, while still making room for the development of new office and retail space that’s gradually coming online. The new commercial spaces take care of the increased demand from local companies looking for room to expand, and businesses considering a move to Boulder, said Becky Callan Gamble, president of Dean Callan & Co., Inc., a real estate company specializing in commercial brokerage, development, property management and investment acquisitions in Boulder County. The availability...
September 25, 2019
The U.S. Treasury Department has proposed new regulations to tighten government scrutiny on foreign investments in the United States, including a wide range of real estate deals. The rules will take effect early next year. The question now is whether the new guidelines will discourage investment in U.S. commercial real estate, particularly from China, where investment volume has already contracted as the trade war grinds on. Though the details are complex, the thrust of the new rules is straightforward: they give stronger authority to the Committee on Foreign Investment in the United States...
September 5, 2019
DENVER (CBS4)– Gov. Jared Polis visited the Emily Griffith Technical College campus on Wednesday. He signed an executive order to address the future of the workforce. Polis wants Colorado to be prepared for how employment is changing, starting with recognizing what kind of education children need to have. “One of the fundamental changes you see in our economy is that a high school diploma alone is no longer the ticket to a good middle class job,” said Polis. “That doesn’t mean everybody is going to college, they’re not. It means how can we align those resources so the kids in high school get...
September 4, 2019
BOULDER — Developers looking to take advantage of tax incentives by building within Boulder’s designated Opportunity Zone will have to remain patient. Three hours of discussion, debate and public comment Tuesday evening was not nearly enough for Boulder City Council to work out all of the kinks necessary for the board to feel comfortable updating its land use regulations and rolling back a moratorium on development within the city’s Opportunity Zone. After hearing from planning staff, residents, affordable housing advocates and members of the business community, the council sent a pair of...
August 28, 2019
If your favorite college football team lifts a trophy at the end of this season, student housing investors around that school will be celebrating right along with you. A university with a major football program has corresponded with boosted enrollment in recent years, based on greater media attention. That increase in enrollment leads to greater demand for student housing, providing stronger fundamentals for those looking to invest in the sector, a new CBRE report found. Amid a higher level of economic uncertainty than the country has seen in nearly a decade, student housing is considered by...
July 26, 2019
BOULDER — The Boulder Planning Board voted unanimously Thursday evening to recommend that the Boulder City Council end a development moratorium within the city’s designated Opportunity Zone. The board also gave its stamp of approval to a set of land-use and zoning changes aimed at safeguarding the zone from certain types of projects deemed to be insufficiently aligned with the Boulder’s growth and development goals. The Opportunity Zone program, established as part of the Tax Cuts and Jobs Act of 2017, allows investors to realize certain tax incentives if they put their money into projects...
July 24, 2019
BOULDER — The foundation of the Boulder Valley real estate market remains stable in the face of headwinds such as rising construction costs and pesky regulations. “Overall, the commercial market in Boulder and Boulder County is very tight for all sectors,” Dean Callan & Co. CEO Becky Gamble said Tuesday during BizWest’s Real Estate and Construction CEO Roundtable, which brought local leaders together to discuss industry trends. Despite the faint specter of a potential downturn in the economy on the horizon, low vacancy rates and rock-bottom interest rates are keeping the real estate...
July 10, 2019
BOULDER — Business is steady for Boulder retailers, but affordability concerns and evolving consumer behavior with regard to online shopping present challenges for city shops and restaurants. That’s according to Boulder’s Citywide Retail Study presented by city staff to elected officials during a city council work session Tuesday evening. “A lot of the retail businesses here have it pretty dialed in — they’re doing pretty well,” Councilman Sam Weaver said. While the study found that Boulder’s “retail inventory and sales are strong and competitive,” sales tax revenues remain relatively flat...
July 1, 2019
Commercial real estate investors are among the biggest winners in the U.S. economic expansion, which reaches a record 121 months this week in a recovery from the country's worst financial crisis since the Great Depression. But the milestone comes as transformation slams traditional retailers, technology disrupts office demand and suburbs lose their post-war grip on corporate America. The major commercial property sectors, office, industrial, retail and multifamily, reached all-time highs in rent growth since June 2009 when the U.S. economy began recovering from the recession. The number of...
June 24, 2019
Over 5,000 students graduated from University of Colorado Boulder in May. If any of those grads wants to stay in Boulder, despite a 2.7% unemployment count between July 2018-March 2019, there were over 38,000 jobs available in Boulder County, almost 15,000 in the information technology sector. This means the companies that are located here are hiring, and there are new companies coming to town. That can only mean good news for landlords owning office product. The reason companies expand or want to open an office in Boulder never really changes, beginning with lifestyle and Boulder being one...
June 14, 2019
Offering intravenous vitamin cocktails, 3-year-old Hydrate IV Bar will soon open its fourth location in Boulder To the needle-averse, voluntarily shelling out more than a hundred bucks so that a nurse can hook you up with an IV bag loaded with saline solution and vitamins you could buy in chewable form may sound extreme. As the rapid growth of Denver-born Hydrate IV Bar demonstrates, there are plenty of people in the Mile High metro willing to deal with a little sting — to their arms or their pocketbooks — to get water-soluble vitamins and nutrients pumping through their veins. Founded and...
June 10, 2019
We all define “fun” a bit differently. And hopefully the place in which we live caters to our personal ideas of entertainment. But that’s not always the case, which may drive people to live somewhere new. There are certain states where fun is not just an option but also a way of life. These states offer such a variety of activities that everyone will be able to find something that excites them. With pure enjoyment in mind, WalletHub compared the 50 states across 26 key indicators of a jolly good time that won’t break the bank. They range from movie costs to accessibility of national parks to...
May 19, 2019
After more than a year of tit-for-tat trade negotiations between China and the U.S., making sense of all the rhetoric and tariff adjustments has just about everybody scratching their heads, including U.S. real estate experts. Last week, President Donald Trump raised tariffs from 10% to 25% on Chinese imports in List 3 of Section 301 of the Trade Expansion Act of 1962. That list includes many construction materials — including metals — and finished goods like floor and wall panels. The picture shifted again on Friday when Trump ordered tariffs lifted on steel and aluminum coming from Mexico...
May 7, 2019
Frasca Food and Wine in Boulder has snagged a prestigious James BeardFoundation award for Outstanding Service. The acclaimed Italian restaurant was one of six finalists in the category for 2019 and the only restaurant from Colorado to make the finals. It is owned by restaurateurs Bobby Stuckey and Lachlan Mackinnon-Patterson, who are also the proprietors of Tavernetta at Union Station with Peter Hoglund. Frasca Food and Wine, the only Colorado eatery to make the James Beardfinals, was presented the award at a ceremony Monday evening in Chicago. "Service, and hospitality, have been the...
March 24, 2019
What will the next downturn look like for CRE and what should the industry do about it? Bisnow asked that question of more than two dozen commercial real estate C-suite execs around the globe, and nearly across the board, they said they aren’t worried about an economic slowdown hurting the property industry. That isn’t to say they don’t think a downturn is coming in the next few years — most do, but think the CRE industry is healthy enough to withstand it. The execs, mostly CEOs or presidents of development, brokerage or capital markets firms, shared their advice on staying healthy if the...
March 12, 2019
Boulder, Colo.—The Brewers Association (BA) —the not-for-profit trade group representing small and independent craft brewers—today released its annual lists of the top 50 producing craft brewing companies and overall brewing companies in the U.S., based on beer sales volume. Of the top 50 overall brewing companies, 40 were small and independent craft brewing companies.1 “Although the market has grown more competitive, particularly for regional craft breweries with the widest distribution, these 50 small and independent brewing companies continue to lead the craft brewing market in sales...