Here’s a tax alert for real estate investors who use popular tax-free exchanges: The recently signed federal housing legislation contains a hidden zinger that could cost you thousands of dollars if you don’t plan around it.
 As of next January 1st, investors who exchange into rental or second home properties that they later convert into their […]

For many real estate investors, it was the most profitable tax strategy around: Move into a rental property you own, use it as a principal residence for two years, and convert taxable capital gains into tax-free dollars when you sell or exchange.
 But Congress has just clamped a limit on investors’ ability to play that game […]

If anyone needs hard evidence that the real estate market cycle is flattening out and turning around, check out the latest pending home sales index numbers.
 On a national basis, the index jumped by 5.3 percent last month. But more importantly, it rose in every region of the country, suggesting that the turnaround underway is broad-based […]

SUMMIT COUNTY — State mining regulators said the reopening of the Climax Molybdenum Mine on Fremont Pass will eventually require a significant expansion of the tailings ponds in the Ten Mile Creek drainage, and a new water-treatment facility at the bottom of the ponds to purify the water before it flows back into the stream.
Freeport-McMoRan […]

BRECKENRIDGE — Developers broke ground Friday on a $70 million luxury condominium project at the base of Peak 9 with champagne and hors d’oeuvres.
Water House on Main Street will include 55 luxury one- to four-bedroom condos with amenities such as ski valet, underground parking, fitness facility, seven hot tubs, a heated outdoor pool and access […]

BRECKENRIDGE — About 60,000 square feet of mini-storage units may soon stand at the “gateway” to Breckenridge, despite repeated negotiations for townhomes.
“I know people are pissed,” said Town Councilmember Eric Mamula. “I’ve gotten plenty of calls. I hate for that to be the entryway to town, too.”
But a dispute between the town and developers Kurt […]

Dunk your favorite Summit County celebrity, a friend or family member for charity! Come down to Free Family Fun Festival at the Peninsula in Frisco this Saturday from 10 a.m. to 4 p.m. and make a donation to dunk some of Summit County’s best like Bob Starekow, Dan Gibbs and Alan Henceroth, or put a […]