Median home prices decline during August in Boulder, Fort Collins

By Doug Storum LOVELAND — The median sale prices of single-family homes in Boulder and Fort Collins declined in August compared to the previous month, while they increased month to month in the other markets that make up the Boulder Valley and Northern Colorado. According to a report released Friday by Information and Real Estate Services LLC, a multiple-listing service based in Loveland, the median home price in Boulder during August dropped to $840,250, the lowest since January when it was $825,000, and about $169,000 less than the yearly high of $1,008,970 recorded in May.… Continue Reading...

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SBA grant aids international trade for state’s small businesses

By Doug Storum DENVER — The Colorado Office of Economic Development and International Trade and the Colorado Department of Agriculture will use a $256,059 grant from the The U.S. Small Business Administration to promote trade missions targeting small businesses. Through the State Trade and Export Promotion grants, OEDIT and CDA will run eight trade missions that connect Colorado small businesses to international buyers and will also have funding available for individual international business development activities. The key industry programs include: Medica in Düsseldorf, Germany, Nov. 13-16. Mobile World Congress in Barcelona, Spain, Feb.… Continue Reading...

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Denver locks $20.5 million deal to buy Park Hill Golf Club

By BizWest Staff DENVER – City officials of Denver on Thursday announced a $20.5 million deal with a trust that owns the Park Hill Golf Club to buy the 155-acre site, putting to rest some questions about its future. The Denver Post reports that other questions linger, including whether the city will keep all of the site as open space or parkland — or allow development on part of it. It may not remain a golf course, given its owner’s assertions about the contracted operator’s lack of profitability. Clayton Early Learning, which manages the George W.… Continue Reading...

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Apartment complex near Denver Tech Center fetches $91M

By BizWest Staff DENVER -The 304-unit Alara Greenwood Village apartments near the Denver Tech Center sold for $91 million last week, or $299,342 per unit. Business Den reports that the apartments at 5400 S. Park Terrace were built in 1995 and previously purchased by California-based real estate investment firm American Realty Advisors for $47 million in 2008, according to property records. American Realty Advisors sold the 18-acre complex on Sept. 14 to Seattle-based Holland Residential, which owns 18 other apartments in Colorado. A leasing agent for Alara said the apartments are 97 percent occupied.… Continue Reading...

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Unemployment rates in August drop throughout region

By Doug Storum DENVER — The unemployment rates in Boulder and Larimer counties dropped below 2 percent in August, and they were slightly above that mark in Broomfield and Weld counties, according to the Colorado Department of Labor and Employment’s monthly jobs report. Larimer County’s rate dropped to 1.8 percent, down from 2.1 percent in July and 2.8 percent in the same month a year ago. The county had 196,939 people employed with 3,708 looking for work. The jobless rate in Boulder County for August was 1.9 percent, down from 2.2 percent in July and 2.8 percent in the same month a year ago.… Continue Reading...

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