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Got News?Harmony filling out with construction, an article from the Loveland Daily Reporter-Herald, reports that east of Timberline Road, Harmony Road is filled with construction crews who are bringing multiple developers' visions to life. Soon, the area will see many new restaurants, retail stores and mixed-use developments. Harmony School Shops is a development that offers approximately 100,000 square feet of retail space. According to Robin Nicholson, who is leasing the space through SullivanHayes Brokerage, all but 25,000 square feet have been leased. Construction on The Pads at Harmony started last year and will consist of seven buildings, two of which are already completed. According to Gino Campana, building developer and owner of the project through Harmony Executive Park LLC, Pads will have about 58,000 square feet of restaurant and retail space. Preparation has begun on the land that will house Presidio, an 85-acre master-planned mixed-use development. David Miller of Brinkman Partners, listing broker for overall Presidio development, said construction should "go vertical" around the beginning of 2009. http://www.reporterherald.com/news_story.asp?ID=15237
Regulators to lift Fannie, Freddie limits, an article from MSNBC.com, reports that on Wednesday, the federal regulator for Fannie Mae and Freddie Mac said it would lift restrictions this week on the amount of mortgages the government-sponsored companies can hold on their books. The Office of Federal Housing Enterprise Oversight said the two companies' mortgage investment limits, currently at around a combined $1.5 billion, would be lifted effective Saturday. The government did not lift a government mandate that requires Fannie and Freddie to keep reserves to guard against losses of 30% above the minimum legal requirement. James B. Lockhart, director of OFHEO, said he will discuss with Fannie and Freddie a "gradual decreasing" of that requirement. But he noted that it has put the two companies in a better position to cope with "volatile market conditions and (Fannie and Freddie's) significant losses."
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Real Estate Outlook: Numbers Best in Months HUD Pushes Closing Estimate Reform http://www.realtor.org/rmodaily.nsf/pages/News2008022701 |
Author
Marcus Valdez Keller Williams Realty of Northern Colorado Fort Collins, CO Office Phone: (970) 495-9797 Cell Phone: (970) 231-0890 More information... Contact Marcus Valdez |