Pending Colorado home sales drop 50%, good news?

Pending Colorado home sales drop 50%, good news?

I hope everyone is doing well.  I wanted to share a bit of irony.  The “call before your dig” line in Colorado was recently out of operation as someone ironically didn’t call before they dug and hit all the lines going into the operation center. On...
Impacts of Coronavirus on Colorado commercial real estate

Impacts of Coronavirus on Colorado commercial real estate

Wow, what a crazy time we are in.  Less than a month ago, I was at Copper Mountain when the Governor announced the closure of all ski resorts.  Shortly thereafter, kids were running around the house with schools closed and most businesses were shuttered or working...
Alterra sued (Ikon pass) for shortened ski season, impact on real estate

Alterra sued (Ikon pass) for shortened ski season, impact on real estate

As we all know, the ski season was abruptly cut short on one of the busiest days of the year due to the Colorado Governors orders to prevent the spread of the Coronavirus.  It was bound to happen, a California skier filed suit against Alterra alleging breach of...
Crested Butte ski resort (Gunnison) kicks out 2nd homeowners.

Crested Butte ski resort (Gunnison) kicks out 2nd homeowners.

Gunnison county, home to Crested Butte ski resort, issued an order banning non resident visitors and homeowners from remaining in the county during the pandemic.  This is the first city in Colorado and possibly the country to ban property owners.  Furthermore, Clear...
Ski industry loses 2 billion, Vail resorts stock drops 45%

Ski industry loses 2 billion, Vail resorts stock drops 45%

We are still Lending!  Do you know where I took this picture?  It is amazing how quickly fortunes have changed, less than a month ago Vail resorts stock peaked, yet over the course of a few weeks Vail lost over $200 million and its stock dropped 42% while the industry...