Real Estate Blog

Colorado has five counties where more than half of the homes are vacation properties, and the state’s vacation homes, those near ski resorts, are among the most expensive in the country, according to a new study from the National Association of Realtors.

But when it comes to home price appreciation, the biggest gains the past five years have come in the state’s most “affordable” vacation home havens, those without any ski resorts.

More than half of the housing stock in Pitkin, Jackson, Summit, Grand and Eagle counties are vacation properties, according to the NAR.

Only three other counties are more concentrated when it comes to vacation properties than those five — Nantucket and Dukes counties in Massachusetts and Cape May County in New Jersey.

“Every individual has a different financial picture they are dealing with,” said Mike Budd, a broker at Berkshire Hathaway HomeServices in Edwards, about vacation homeowners.

Provided by The Bineau Team, Coldwell Banker Mason MorseJohn Denv..

Since 2011, an office within the Colorado Division of Real Estate has collected complaints, thousands of them, about homeowners associations.

But the HOA Information and Resource Center has lacked the authority to act, even when there was a clear violation of the Colorado Common Interest Ownership Act or CCIOA, the state rules governing community associations.

That could change. A new regulatory review recommends the HOA center not only be extended, but also be given the power to investigate and resolve disputes, which are often emotionally charged and can become financially draining.

“Since many complaints against HOAs exist and consumers are perhaps being harmed, a more equitable avenue to effectively address complaints would be to authorize the Center to investigate complaints,” a sunset review from the Department of Regulatory Agencies that came out last week recommends.

There are 7,881 active HOAs throughout the state. Every year, on average, the state HOA center, run with two..

The company, led by Apple Inc. co-founder Steve Wozniak, will take up the top floor of a building in the Roosevelt Row Arts District.

The Missouri Botanical Garden announced Monday that it will break ground in January on a new $92 million visitor center.

The new facility, which will be called the Jack C. Taylor Visitor Center, is expected to be complete in spring 2022. The project will replace the existing Ridgway Visitor Center, which opened in 1982 and that officials say is intended for 250,000 annual visitors. The Botanical Garden today draws about 1 million visitors per year.

Development of the Taylor Visitor Center will…

Nearly 600,000 square feet of contiguous Class A office space is hitting the market as office tenants seek 10.5 million square feet in San Francisco and Oakland.

The general contractor recommends developers plan for costs to go up by as much as 5 percent this year.

CNBC reported the deal will value WeWork at up to $8 billion, or $39 billion than in the run-up to the We Co.'s failed IPO.

Icertis recently expanded its headquarters to 20,000 square feet in an office building just beyond Microsoft's sprawling headquarters.

WeWork could be gearing up for a complete takeover by its main investor, SoftBank Group Corp.

According to The Wall Street Journal, the New York-based office space company is in need of emergency-financing, and a deal with Masayoshi Son's Tokyo-based conglomerate is one option.

WeWork's board of directors is expected to meet Tuesday to consider a deal that would value the company at $8 billion — a stunning drop from its once touted $47 billion.

Last week it was reported that SoftBank had prepared…

The board of WeWork, the cash-starved purveyor of shared office space, could choose between two competing financial rescue packages as early as Tuesday, according to people with knowledge of the matter. One is being offered by SoftBank, and another from a financial consortium led by JPMorgan Chase.