The Colorado Springs apartment market is making a strong comeback, as shown by recent sales and new construction starts. Major investors from out of the area have recently purchased large multifamily properties in Colorado Springs. In October, Sequoia Property Partners of New York closed on the South Circle Arms, a 112-unit apartment complex built in [...]
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In response to an inquiry regarding the prospects of these two markets, I put together the following short clip. In it I pulled data from the Bureau of Labor Statistics as well as subscription services comparing DFW and Las Vegas for job growth over the past decade, and projections of population growth through 2015.
Multifamily Industry Expects Strong 2011 Multi Housing News (MHNonline) 11-29-2010 Apartment Market at Tipping Point Colorado Springs Business Journal 2-4-2011 Distressed Debt Investors Prefer Real Estate in 2011 Forbes.com 1-7-2011 CRE Sales Deal Volume Returning to “Normal Levels” CoStar Group 1-5-2011 Colorado Exceeded Only by Texas as 2010 Relocation Target denverpost.com 1-4-11 Apartment Operators Regain [...]
In a webinar presented on Jan. 11, 2011, the Marcus & Millichap team gave an upbeat report on the current state of the U.S. apartment industry. As usual, Hessam Nadji began with an economic state of the union address. After acknowledging nine different problems the economy is now facing, he presented another nine positive indicators. [...]
Just updated! Be sure to see the new version for January 2011. Marcus & Millichap is one of the nation’s largest real estate investment firms. Nearly every quarter they webcast a summary of the current and near future conditions of the multifamily market. The most recent one was released on May 13, and included [...]
