Announcement: KW Commercial Merger

ANNOUNCEMENT: Fort Collins Real Estate merges with Keller Williams (September 2008)Fort Collins Real Estate is joining forces with Keller Williams of Northern Colorado to create the region’s only full-service residential and commercial company under a single roof, according to Keller Williams Operating Principal JoAnn Johnston.The merger represents a ground-floor opportunity to launch Keller Williams International’s new commercial division in Northern Colorado, said Mike Jensen, who has owned Fort Collins Real Estate since 2003. Fort Collins Real Estate specialized in commercial, investment and residential real estate. Keller Williams of Northern Colorado has offices in Fort Collins, Loveland and Greeley, focusing primarily on residential sales. Fort Collins Real Estate’s 25 brokers and agents will join KW’s force of 192. See our website.

Press Release: Bimm Joins Keller Williams and KW Commercial

DENVER, CO-January 7, 2008-The KW Commercial Group and the Denver Northwest Market Center of Keller Williams Realty announced today that Steve Bimm has joined its team.

"We are thrilled to have Steve join our team with his extensive background in land development and construction," said Heidi Greer Mosher, the Market Center Team Leader. "His experience will help carve a niche for himself in the Denver Northwest Market Center."

Bimm has 30 years experience in the land development, heavy construction management, and civil engineering industries. In addition to real estate, he is the principal of his own land development consulting firm, Advanced Development Services Group, LLC.

In real estate, Bimm specializes in vacant land sales and acquisition, marketing of development parcels, and bulk lot disposition and sales to builders.

Heidi Greer Mosher, Team Leader/CEO, Keller Williams Realty Professionals

See our website.

Investor News: Colorado Apartment Vacancy Rates

We have previously reported declining multi-unit vacancy rates (6.7%) and increasing rents (up by 2.6% in the third quarter) in the Denver Metro Area (denverpost.com). Seeing an opportunity, larger buyers have moved into the Denver market from other states to invest in the undervalued multi-unit apartments.

The Colorado Division of Housing recently released their most recent Vacancy and Rent Survey for the larger Colorado areas outside of the Denver-Boulder area. Areas in the under 3% vacancy range are: Aspen, Eagle County, Grand Junction, Glenwood Springs, Gunnison, Salida, Buena Vista and Alamosa. All of these are in the mountain areas. In the 3-5% range are Durango, Southeastern Colorado and Canon City. Some of the areas in the over 5% vacancy category are: Greeley (7.3%), Loveland (8.0%), Fort Collins (8.1%), Steamboat Springs (8.6%) and Colorado Springs (11.3%). See our website.