April 24, 2019
Welcome to Real Estate Perspective – real estate market and economic information from over 40 sources in a single, easy-to-read weekly newsletter.
Research a property or a market in our searchable on-line library of Real Estate Perspective articles compiled since 2001 at:
Each business day the JRES staff reviews all Denver metro area wide and local newspapers, trade journals, government websites, blogs and other sources for commercial and residential real estate and economic news. News items are condensed into easily readable summaries providing all of the essential facts for the Real Estate Perspective newsletter. Real Estate Perspective is provided alongside Cherry Creek Perspective which provides quick and easy monthly access to current metro area mobility, and southeast Denver real estate and economic information. And Apartment Perspective, provides a detailed update of Denver metro area apartment rental, vacancy and development/construction activity including proposed projects. A searchable library of all of the JRES newsletters content is available at:
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RTD FASTRACKS – G LINE TO ARVADA AND WHEAT RIDGE OPENS APRIL 26
Join RTD on Friday, April 26 for the grand opening ceremony at the Wheat Ridge & Ward Station at 9:00 a.m. The event will kick-off G Line service with a dedication, free rides and much more.
REAL ESTATE MARKET CYCLE REPORT
The Mueller Real Estate Market Cycle Monitor, Fourth Quarter 2018 Analysis has been released. The report provides Physical Market Cycle Analysis of 5 Property Types in 54 Metropolitan Statistical Areas (MSAs) compiled by professor Glenn Mueller at the University of Denver, Burns School of Real Estate and Construction Management. Scroll to the bottom of the page at:
URBAN LAND INSTITUTE COLORADO – OPPORTUNITY ZONES
On April 30 ULI Colorado invites you to explore the opportunity behind Opportunity Zones and how this new financing tool can be catalytic for communities, investors, and developers alike.
This tool has been in the making since the 2017 tax reform, enacted to incentivize long-term investment in low-income rural and urban communities across the nation. This session gives you the-need-to-know basics but takes the conversation a step further using real case studies and scenarios. Breakfast and continuing education credits will be provided. For details, check the following link:
RTD – E, F, AND R LINES TO REACH NEW DESTINATIONS IN LONE TREE
The new rail extension of the E, F and R lines will open to the public on May 17, 2019. With 2.3-miles of new light rail, three new stations, one Park-n-Ride and 1,300 additional parking spaces, RTD offers customers easy, affordable, and reliable service with connections to Lone Tree and the greater metro area. Enjoy the grand opening ceremony, free rides, and much more.
In the post-war auto era, parking has dominated urban development. Denver has more acres of parking lots than parks. Nationally we paved over several states worth of land for up to 2 billion parking spaces. On top of poor land use and environmental/aesthetic consequences, parking costs dictate pro formas and drive up the cost of real estate, squeezing out affordability and leasable/salable space.
Is that scenario changing? The rise of ride sharing, FasTracks, walking and biking may be decreasing parking demand. Autonomous vehicles may eliminate the need for parking as we know it.
transit & community development conference
Come together with professionals who share your dedication to transit, livability and communities. Choose from 75+ thought- and discussion-provoking workshops, ranging from cutting edge policy overviews to practical hands-on strategies. Explore real-world issues and projects across the region via our unique mobile workshops. Registration Opens May 2019
September 8-11, 2019, Vancouver, British Columbia