Unemployment rate down, wages up in Colorado for May
6.15.18 Colorado Department of Labor and Employment, Colorado Economy, Colorado Employment, Colorado Jobs Report, Colorado Unemployment RateColorado’s unemployment rate fell again in May, dropping slightly to 2.8 percent as non-farm companies added 7,700 jobs during the month. That puts the state a full percentage point below the national unemployment rate of 3.8 percent but slightly higher than ...
Economist: Fed rate increase doesn’t matter to housing market
6.14.18 Federal Reserve Rates, Housing Market, Multifamily Brokers, Multifamily Investing, Rate HikesThe Federal Reserve will determine if it will raise the federal funds rate in its June meeting, which will be announced Wednesday afternoon. The majority of experts believe this will be the second of three or even four rate hikes in 2017, although some ...
Fed decision: Federal Reserve hikes rates to range of 1.75% to 2%, ups forecast to 4 hikes in ’18
6.13.18 Commercial Real Estate Investors, Economy Update, Federal Reserve RatesThe economy is revving up, and so the Federal Reserve is stepping up its plan to move interest rates closer to normal. As anticipated, the Fed raised its benchmark short-term interest rate Wednesday but it also upgraded its forecast from a total of three hikes ...
Emerging Broker Of The Month June 2018
6.11.18 Andrew Monette, Broker of the Month, Denver Commercial Real Estate Broker, Emerging Broker of the Month, Mile High CRE, Multifamily Broker DenverWhile dedication and interest in commercial real estate have provided a strong foundation for his success, perseverance has really paid off for Andrew Monette, associate advisor with Pinnacle Real Estate Advisors, LLC. “Every senior broker you ask will ...
Denver investor facilitates 1031 exchange for central Denver warehouse
6.8.18 1031 Exchange Investor, Nick Schill, Warehouse Property Sale DenverProperty Location: 505 & 525 Bryant St., Denver Property Description: 6,000-sf brick warehouse, YOC 1962, & 5,200-sf brick warehouse, YOC 1961, total of 11,200 sf Land Size: 23,225 sf Sales Price: $1.32M, or $117.41 psf Reception No.: 2018060412 ...
Off-Market Multifamily Sellers Are Leaving A Ton Of Money On The Table
6.6.18 Apartment Building Brokers, Commercial Real Estate Brokers, Multifamily Investors, Off-Market Multifamily DealsMarketing a property can increase the sale price by up to 23%, which runs counter to the idea that off-market deals can achieve higher values because a buyer will be more aggressive to seal a trade. “The perception is when a seller has one buyer vying for an ...