In order to facilitate the settlement of the western United States in the nineteenth century, the federal government broke the land up into “townships” that were generally 36-square mile blocks. Each township was then broken into “sections” of roughly one square mile, or 640 acres. Each section was further divided into “quarter sections,” and further
Real Estate Development
Generation Y Wants Urban Lifestyle
By Jay Philp on
As discussed here by The Wall Street Journal, the vast majority of Generation Y, a larger demographic than baby boomers, wants an urban lifestyle. Of those born between 1980 and the early 2000’s, 88% want to live in an urban setting rather than in traditional, suburban communities. They want a pedestrian-friendly environment. They also prefer…
Do Demographics Favor Downtown Office Markets?
By Chris Toll on
Posted in Commercial Real Estate, Real Estate Development
Anton Troianovski had an interesting article in the Wall Street Journal on how downtown office markets are currently improving faster than suburban office markets. In part, Troianovski observes, this may be based on the types of businesses that tend to be in the two markets (mortgage companies and home builders in suburban markets, while downtowns tend…
Trouble for Agricultural Tax Classifications?
By Jim Johnson on
Posted in Land Use, Real Estate Development
A client recently raised concerns regarding a potential change in property tax assessment methodology that may be upcoming in the next Colorado state legislative session. With revenues continuing to decline, local governments are seeking opportunities to capture property taxes from new sources. The issue concerns residential property owners claiming an agricultural tax classification without having
…
Developing Green in Berthoud
By Otten Johnson on
Last month the Town of Berthoud, Colorado approved a mixed use development known as PrairieStar. The development is anticipated to contain residential housing, a school, a research and development facility, an equestrian center, retail and business components, and, most notably, a 25 acre solar farm. Developers of the project, Scott Sarbaugh and partner Richard…