|
Gas Ops building will set
new standard,
an article from the
Colorado Springs Business
Journal, reports
that the 40,000-square-foot
former Colorado Springs Gas
Operations building just
west of America the
Beautiful Park will undergo
a $3 million renovation by
the end of the year.
According to Steve Tuck, a
senior planner with the
city, the USOC property will
need to be rezoned from
public facility to planned
unit development or planned
business center zoning,
depending on whether the
remodel will include a
restaurant, gift shop or
other commercial or
residential components. The
renovation was designed by
studioTEN architects Mark
Harris and David Porwall.
They see the three USOC
facilities as the basis for
future “urban jewels” in the
city’s downtown core area.
Porwall said, “This is an
enabling project for what
needs to happen at the OTC
campus. We’ve got some
great ideas. Now we just
need to work with the
developer, the city and the
USOC to make it happen.”
http://www.csbj.com/story.cfm?ID=19770
Investor Report: Fannie Mae
and Short Sales,
an article from
RealtyTimes.com,
reports that there is good
news for investors
interested in short sales.
Fannie Mae plans to speed up
the pace of short sales on
properties in
its portfolio. Fannie
intends to "streamline"
procedures to enable
pre-foreclosure sales to
speed through what is
currently an extended
and complicated process.
According to Fannie Mae, it
plans to "pre-approve"
certain short sales and
wants to provide higher
commission incentives to
realty agents who can
connect sellers with
qualified buyers. Despite
complications, short sales
are on the rise. Some
industry estimates indicate
that so far this year, 1 of
every 5 home sales in the
U.S. has been a
pre-foreclosure transaction
of one sort or another.
Fannie Mae's new
policy should mean more
opportunities for investors,
first-time home buyers, and
brokers alike.
http://realtytimes.com/rtpages/20080411_investorreport.htm
Additional articles that you
may find of interest:
Colorado Foreclosure
Prevention Hotline gets
thousands of calls
http://www.koaa.com/aaaa_top_stories/x408982128
The private U.S.O.C.
investment
http://www.koaa.com/aaaa_top_stories/x9318410
Hope Now's numbers don't add
up to much help
http://money.cnn.com/2008/04/10/real_estate/Hope_Now_Feb_stats/index.htm?postversion=2008041016
The big risk in the
foreclosure fix
http://money.cnn.com/2008/04/10/news/economy/fha/index.htm?postversion=2008041011
Senate passes bill to ease
housing crisis
http://www.msnbc.msn.com/id/24050189/
Do You Provide World-Class
Real Estate Service? 6 Ways
to Find Out
http://rismedia.com/wp/2008-04-10/do-you-provide-world-class-real-estate-service-6-ways-to-find-out/ |
