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D&B Precision Products makes major purchase

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D&B Precision Products purchased this two-building complex for $1.2 million. A growing family owned company, D&B Precision Products, has purchased a 20,250-square-foot, two-building manufacturing facility at 55, 65, 75 and 85 Mount View Lane for $1.2 million. The seller, M.C. Leasing LLLP, was represented by Mike Helwege and Steve Bach of Bach Real Estate Partners.… Continue Reading D&B Precision Products makes major purchase

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If there’s any immediate glimmer of hope in the construction industry, it will come from the residential sector. Nationally, residential building has begun to show faint signs of a turnaround. However, John Burns Real Estate Consulting reported this month that total U.S. new home permits for 2009 will still be off by 79 percent from… Continue Reading Builders hoping for rebound

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Investors, banks in throes of loan workouts The toughest workouts aren’t limited to the gym. In today’s constrained financial world, they’re part of everyday life for commercial real estate investors and lenders — with plenty of heavy lifting, agility exercise and super-human challenges awaiting retail, industrial, office and land property owners. Take El Paso County, for… Continue Reading Challenges await retail, industrial, office property owners

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It must be the season for real estate companies to reallocate, relocate and revamp their line-ups and strategies. At least two companies made real estate history this month. Take ERA Shields Real Estate’s recent acquisition of Stuart Scott Ltd, for example. Bill Hurt began his career as a broker with Cres and Mary Shields during… Continue Reading ERA Shields Real Estate, Stuart Scott Ltd. join forces

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Silver linings during the commercial real estate crisis will come from the private, rather than the public sector. “Just like 20 years ago, there’s been too much supply against dormant demand in the commercial real estate sector — a result of this down economy,” said Steve Schuck, chairman of the Schuck Corp. and a veteran… Continue Reading Surviving commercial foreclosure cycle nothing new

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Two bank-owned foreclosure properties have been purchased by a partnership group that includes Greccio Housing, Partners in Housing and Rocky Mountain Community Land Trust. The purchases were made possible by federal Housing and Urban Development Neighborhood Stabilization Program grants. The partnership purchased Bentley Commons for $1.7 million from Bank of the West. The property, at… Continue Reading Greccio adds to multifamily portfolio with foreclosure purchases

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McMansions losing their appeal

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“Jewel box” homes — well-appointed new homes, often on smaller lots with floorplans ranging from 1,000 to 2,500 square feet — represent a growing trend in residential real estate, but are price-sensitive homebuyers who face tough lending criteria also asking for green and sustainable construction and features? While the days of 4,000-, 5,000- or 10,000-square-foot… Continue Reading McMansions losing their appeal

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A Boulder-based startup company, iRealty Inc., has launched a subscription-based service that allows home buyers to access a real-time, Multiple Listing Service-based search through an iPhone application. iRealty Inc. was co-founded by Jay Hebb, vice president of Walnut Realty in Boulder, and Ted Guggenheim, chief executive of Boulder-based Rage Digital Inc., a business-to-consumer technology company that… Continue Reading Software allows Realtors to reach home buyers via iPhone

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With July 2009 construction spending down more than 10 percent compared to a year ago, only manufacturing and power projects have seen a year-over-year up-tick, according to the Census Bureau. As a result, the market for residential and commercial subcontractor services has contracted as well. But two companies are refusing to take the recession sitting… Continue Reading Recessionary chutzpah: Two subcontractors get creative

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Deutsche Bank officials have predicted that 25 million, or 48 percent, of U.S. home mortgage borrowers will fall into the negative equity category by 2011. And D.B. analysts Karen Weaver and Ying Shen estimate that 26 percent of all mortgages are already “under water.” Other economists are not as pessimistic, but most admit that storm… Continue Reading Short sales, foreclosures pull under millions of borrowers

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