Longmont firm wins school revamp project
Longmont-based Krische Construction was selected by the St. Vrain Valley School District to complete $2.6 million in building improvements at the Career Development Center in Longmont. Upgrades include renovations to heating and air-conditioning units and are scheduled for completion in August.
Businesses sponsor Denver’s PrideFest
PowerPlay Partners LLC is the exclusive real-estate brokerage sponsor of Denver’s PrideFest. The June 26 festival at Civic Center is a celebration of the lesbian, gay, bisexual and transgender culture. Buyer’s Mortgage is the festival’s mortgage-company sponsor.
Work begins on Auraria dormitory
Construction has begun on a 685-bed dorm adjacent to the Auraria campus. Urban Ventures LLC and the University of Colorado Real Estate Foundation will develop the property at Fourth and Walnut streets. The 230-unit building will offer studio, two- and four-bedroom apartment units. Students and faculty at all Auraria schools – the University of Colorado at Denver and the Health Sciences Center’s downtown Denver campus, Metropolitan State College of Denver and Community College of Denver – will be eligible to live at the facility. The $50 million project is being financed through tax-exempt bonds that were issued by the Colorado Educational and Cultural Facilities Authority. When completed, the facility will be managed by Allen & O’Hara Educational Services LLC. The company oversees student housing communities at universities across the United States.
Mortgage rates at lowest point since spring ’04
National rates on 30-year mortgages fell again last week, dropping to the lowest point since the spring of 2004, Freddie Mac said Thursday in its weekly survey. Rates on 30-year, fixed-rate mortgages averaged 5.56 percent, compared with 5.62 percent the week before. Below are average mortgage rates in Denver, Adams and Arapahoe counties as of Thursday and the previous 52 weeks. The one-year Treasury bill average reported by the Federal Reserve Bank is 3.28 percent. The Cost of Funds Index for April from the Federal Home Loan Bank (11th District) was 2.515 percent.
