Financial Updates 
There are currently 31 blog entries related to this category.
New Down Payment Help for Homeowners
Saturday, April 6th, 2013 at 8:18am. 403 Views, 0 Comments.
The new Denver metro area program, Metro Mortgage Assistance Plus, was recently funded to make it a reality for new homeowners to achieve their dreams. Qualified borrowers in Denver’s can receive a 4% grant towards the down payment and closing costs of a fixed-rate, 30-year mortgage. This makes it possible for the moderate to low income buyers to finally own a property to call home.
By using one of the approved lenders, the homebuyer can gain assistance helping them overcome some of the difficult obstacles standing between them and homeownership. The grant helps to lower the amount of upfront money needed and, since it's a grant, participants won't need to repay the down payment or closing cost assistance they receive. This reduces the down payment to…
Learn How To Make Money!
Friday, March 8th, 2013 at 8:00am. 1548 Views, 0 Comments.
Relax, relax this isn't some stupid post about making money online...we're talking about actually making money, or at least seeing how it's done. You may or may not be aware that the United States Mint is actually located in downtown Denver, Colorado. Since it was first founded in 1792 the United States Mint in Denver, one of six around the country, has been producing up to 50 million coins every single day - transforming a single blank slug of metal into the shiny change you use in your daily life.
Now the good news is that you can actually go on a tour of the mint and see how your coins are actually made, with the free tours starting every 30 minutes or so. One word of warning here is that these tours are very popular, so do your best to make reservations…
Why The Cost Of Living in Denver Is So Attractive
Friday, February 22nd, 2013 at 2:00pm. 255 Views, 0 Comments.
There are a lot of great reasons for you to move to Denver like the amazing scenery, hundreds of parks, miles of hiking trails and having the Rocky Mountains in your back yard. One major perk you might not have considered though is that because you'll be living in the Midwest you can also enjoy the fact that the cost of living in Denver is lower than many other places in the country. The sample data we're going to provide here is based on the cost of living in Denver vs. Los Angeles, just so you can get a real feel for what Denver can offer your family in economic terms.
Obviously the first thing you'll need to know is the cost of property in the Denver and how it compares. If you decide to rent an apartment in Denver it will cost you roughly 30% less than…
Former Daily Camera HQ Bought for $13.5M
Monday, February 11th, 2013 at 1:24pm. 328 Views, 0 Comments.
Nichols Partnership Inc. has purchased from Los Angeles-based Karlin Real Estate the former Daily Camera building at 11th and Pearl Street in downtown Boulder, Colorado, for a fee believed to be around the $13.5 million mark.
Karlin bought the property in 2010 in a $9-million deal. It worked on plans during the last two years to build almost 160,000 square feet of office and retail spaces, restaurants, and movie theaters in three- to four-floor buildings at the site. It was just months ago that Karlin received approval from city hall to redevelop the property.
Randy Nichols, president of Nichols Partnership, described the property as an irreplaceable asset that is hard to come by in downtown Boulder. The full block that it occupies on Pearl Street is…
Colorado Offers $13 Million Tax Credits
Tuesday, February 5th, 2013 at 8:57am. 236 Views, 0 Comments.
The Colorado Economic Development Commission has approved $13.1 million in state tax credits for three companies as an incentive for them to bring in 1,533 new jobs to the state. Certain conditions are attached to the tax credits, and the amount of incentives received may be reduced if the companies fail to deliver all of the employment expected. Another possibility is that other states may offer better incentives, thus Colorado would risk missing out on significantly boosting its employment level.
One of the companies is Redwood Trust Inc., a California real estate investment trust specializing in commercial and residential mortgages. This company is exploring the possibility of moving its operations to Douglas County, Colorado, and in the process…
Landmark Preservation Changes Approved by Denver City Council
Monday, February 4th, 2013 at 9:21am. 238 Views, 0 Comments.
Denver City Council approved some changes regarding the demolition and historic designation of sections of the city ordinance regarding landmark preservation.
Denver's Community Planning & Development Department proposed the changes with the aim of balance the interests of landowners, the wider community, and preservationists, while eliminating the unnecessary stages from the demolition and historic designation review measures.
What follows are the key changes:
• Designation applications that are non-owner-initiated must be filed by at least three residents of Denver, or property owners, or city council members, or a CPD manager for the purpose of raising the community support level and involvement.
• Review of Landmark Preservation must be…
City Council of Denver Receives $30.45M Windfall for its 2013 Budget
Friday, February 1st, 2013 at 6:05pm. 343 Views, 0 Comments.
Denver is getting $30.5M extra revenue that will be included by the government in its budget for the year 2013.
This means that 92,000 students from Denver Public Schools will be provided free access to local recreation centers and pools around the city. City employees need not take days off from work, and libraries will be made available 48 hours every week.
On Monday, the City Council said that it had approved the primary procedural step to allow the extra money to flow into Denver’s coffers. The council initially approved a bill amending the city budget for 2013, which had already been passed.
In November, a 74% approval vote from residents of the city made it possible for authorities to retain its tax revenues from properties and remove Denver from…
Rebound Seen in Sales of Denver Homes
Friday, February 1st, 2013 at 10:21am. 185 Views, 0 Comments.
Denver’s residential market is gearing up for better times ahead.
Last September, home prices rose to their highest in nearly five years as indicated by the most recent S&P/Case-Shiller Home Prices Index. This is backed up by figures from a well known multiple listing service, which shows that this year, single-family homes have been sold for a median price of $250k, at the same level as 2006, just before the bust in residential real estate took place.
Meanwhile, Denver is also fast recovering from the foreclosure nightmare, with its housing inventory falling to just half of what it was the prior year, something which has led to the re-emergence of bidding wars in the area for the first time in years.
In October, 4,095 properties within Denver were…
A $75M Investment for Adoba Eco Hotel & Suites
Wednesday, January 9th, 2013 at 10:27am. 295 Views, 0 Comments.
Denver’s Adoba Eco Hotel & Suites, a local hotel developer, recently gained financial boost after it received a $75M investment from Delaware’s M1T Partners LP for its expansion.
An SEC Registered Investment Advisory, M1T uses funds to invest in underfunded opportunistic projects, developmental projects, as well as special situations, as mentioned in a news release.
Adoba President and CEO, Jim Henderson stated that the company is able to create LEED-certified hotels through the construction of new buildings or by renovating existing ones, enabling the creation of green jobs and for the next five years, which will revolutionize the hospitality sector.
Adoba calls itself the hotel sector’s first self-sustaining LEED…
Target Store to Open in Denver in 2013
Wednesday, January 2nd, 2013 at 8:56am. 630 Views, 0 Comments.
Tamarac Square is the site for the new Target store that will open in
July 2013. It will be located at the
South Tamarac Drive corner of East Hampden Avenue. The new Tamarac Square location will provide
its clients daily essentials that Target is known for. It will also have an expanded food selection
including fresh meat, fresh produce, baked goods, a pharmacy and
Starbucks. Target also announced its
plans to open 11 more U.S. Target Stores in 2013.
A job fair will be put into action two months before the store opens. The new store will generate 200 jobs in the area. Mark Everett, group director of Target stores, expresses his excitement on bringing over an additional Target store to Denver. He said that the additional new…
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