Real Estate Blog

Both the unemployment rate and foreclosure rate are sitting at historic lows in Colorado. Despite that, more adults than ever live with family, friends and nonrelated roommates, according to a new report from Shift Research Lab.

“It is hard for me to believe this is not an economic issue,” said Phyllis Resnick, a co-author of the report and executive director of the Colorado Futures Center.

Back in 2006, before the recession hit, there were 415,000 “doubled-up” households in the state. By 2017, the number had risen to 560,000, according to the report, which used counts from the Census Bureau’s American Community Survey.

And that increase doesn’t just reflect a larger population. The number of households of all types rose 16 percent in Colorado between 2006 and 2017, while the growth rate of doubled-up households was 34 percent.

About one in five households was doubled-up in 2006 in Colorado. Now it is around one in four.

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A 41-acre property centered around The Denver Post’s former printing and distribution center in the northwest reaches of Denver has been sold for an undisclosed sum.

The “Fox North” property at 4400 Fox St., in the city’s Globeville neighborhood, had been owned since 2008 by a joint venture created by Denver-area firms Woodspear Properties and Ascendant Development Corp. On Wednesday, those companies sold to Vita Fox North, an international partnership formed between Indianapolis-based Pure Development and Interland, out of Mexico City, according to a news release from real estate services firm CBRE.

CBRE represented the sellers in the transaction.

The property, near the 41st and Fox RTD rail station, was rezoned by the City Council last summer to allow for construction of buildings as tall as 12 stories, according to reporting in Denverite. The council followed that up by rezoning another parcel in the so-called “Fox Island” area of Globeville in February, allowing for buildings as..

VSCO, a popular photo editing app that’s reportedly valued at $550 million, is opening an office in Chicago.

The startup announced this week that it plans to open a Chicago outpost this fall at the Working From, a co-working space inside The Hoxton hotel in the West Loop. The Chicago office will start with a handful of employees and plans to grow to 20 over the next 12 months.

The Windy City space will be VSCO’s second office outside of its headquarters in Oakland, where it currently…

Experts from both private industry and public organizations weighed in on what's happening on the Space Coast during this OBJ event.

The city said environmental contamination on the site does not pose a risk to golfers.

One VC says the only thing keeping entrepreneurs and investors in California are the kids.

Planned for next to an Amazon-leased building, the 53-story building will have office space on the lower floors and 568 residences above.

With two members of the founding family still in control, the 167-year-old Poulsbo-based timber company has resisted calls to restructure or sell. But one investor says, 'I’m not going to take it any longer.'

Federal prosecutors have indicted the former manager of Hawaii’s International Brotherhood of Electrical Workers Local Union 1260, along with his wife and sister-in-law, on 70 counts of criminal conspiracy, wire fraud, money laundering and embezzlement for allegedly using union funds for personal use and rigging an election to increase dues, resulting in members paying an additional $3.7 million in dues.

Brian Ahakuelo, 58, his wife, Marilyn Ahakuelo, 55, and sister-in-law, Jennifer Estencion,…

The Vestcor Family Foundation has closed on the purchase of two vacant parcels in the Mixon Town neighborhood, adjacent to Brooklyn.

The land is slated to be the site of the Jacksonville Classical Academy, a charter school affiliated with Hillsdale College.

The foundation paid $1.4 million for 2039 Forest St. and 2100 Forest St. in a sale that closed Thursday.

The City Council approved the sale of the property in March and rezoned it it May.

The property had been the site of a trash incinerator…