Construction Defect Law the Problem with Condos?

The out-of-whack construction defect law promises to be an issue the Colorado legislature will deal with in its new session—to what conclusion, it’s impossible to say, since it was supposed to do that last session. The Denver Business Journal reports that a lack of demand--not problems with the law--is keeping local condo development practically at nil. At least, that’s according to a new report by Boulder-based Pacey Economics for a local coalition of homeowners called Build Our Homes Right. That’s at odds with the widespread opinion about the law among Colorado developers, as noted at our Denver State of the Market last year.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Denver Newsletters
Related Stories

Sales Of Lower-End Apartments Surge In Philly As Landlords Face Financial Issues

Wu Proposes Tax Breaks To Jump-Start Stalled Housing Projects

Developer Seeks Permit For Denver Energy Center Conversion Project

Airbnb Launches $250M Fund To Invest In Affordable Housing

Fertility Provider Opens Clinic At 1900 Lawrence Office Tower: The Denver Deal Sheet

DFW Multifamily Distress Creates Opening For Investors As Development Slows

Security Tech Firm Plans Loudoun HQ Move: The D.C. Deal Sheet

Prolific South Florida Developer Nick Rojo Dies At 44

Davis Looks To Sell 16-Building Beacon Hill, Back Bay Portfolio

Limekiln Sells Stake In Multifamily Lender MF1 To Berkshire Residential

Lender Requests Receiver For X Denver Apartment Building Near Coors Field

First LaSalle Street Reimagined Conversion Opens In Chicago's Loop