News
Wasatch hits ‘home run’ with $43.92 million buy
  A Utah-based buyer with an eye for value-added opportunities grew its Colorado portfolio with the $43.92 million acquisition of the Legend Oaks apartments.


Choices confront independent brokerage firms  Independent, midsized commercial real estate brokerage firms have reached a fork in the road that will lead them either to national platforms or boutique status, industry leaders say.
  “There are good, independent companies out there that need to make some decisions,” said Greg Morris, president and chief executive officer of Cassidy Turley Fuller Real Estate.

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‘Haunted’ inn near Evergreen to be resurrected by new owners  An Illinois couple bought a piece of “haunted” history, but the craziest part of the deal may have been the price.
  The historic Brook Forest Inn in Evergreen sold for $800,000, less than half the price the sellers paid for it for in 1999, according to Unique Properties LLC-TCN Worldwide broker Greg Knott.

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Buyer closes on Camera site for $9 million  A new story will be written for the Daily Camera buildings in downtown Boulder.
  Karlin Real Estate, a private real estate development and investment firm, bought the newspaper property for $9 million.

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Statewide apt. vacancy rates fall, rents rise  Across Colorado apartment vacancies fell and rents rose during the second quarter of 2010, according to a statewide vacancy and rent survey recently released by the Department of Local Affairs’ Division of Housing.
  Among metro areas surveyed were Fort Collins, Loveland, Greeley, Colorado Springs, Pueblo and Grand Junction.

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