Boulder Pearl Street Mall Buildings Sold

Want more proof the local economy is working?

How about commercial real estate sales as an indicator? Local businessman and real estate investor Stephen Tebo has been buying up Boulder property for years, and he’s not about to stop.

Tebo recently purchased three buildings on the Pearl Street Mall downtown.

Actually, according to a report in the Boulder County Business Report, he’s on the prowl looking for more to buy. Apparently the money is there to borrow at good rates from lenders, and with vacancies low and rents up, Tebo and his contemporaries are making their move to acquire more Boulder property while the opportunity is ripe.

Call, text, or email me today! 

I’d seriously enjoy having the opportunity to talk to you about your plans if you’re moving, or if you know someone who is considering a move, and needs some straight answers.

Stephen Tebo got his start in Boulder many years ago. One of his first endeavors was the Tebo Coin shop, which still carries his name, but was sold long ago. The name Tebo carries a lot of weight in the community, and you’ll see it all over town, including the side of the Cancer center at the community hospital eastern campus out on Arapahoe Road. So lest you get your undies in a twist over ‘big developers’ remember that you too can make your money work for you owning investment real estate.

Tebo owns approximately 30 properties in Boulder, including the Arete, which is his first endeavor into the residential real estate side of this business. I have to say that dealing with Tebo at the Arete was a great experience. The transaction was smooth, straight-forward, and very reasonable on many levels.

Here’s an important piece to read as quoted from the BCBR:

“Bring on some more,” Tebo said. “The banks are very aggressive in lending money, and we plan to take advantage.”

The lending climate has shifted dramatically in the past year, and banks are sitting on money they now want to invest, Tebo said. Commercial real estate is appealing again.

“It’s a totally different atmosphere,” he said.

The key factor here is his last comment. “…a different atmosphere”. That really sums it up.

This has been true for the last couple of years as I’ve noticed investor buyers in the residential side of the real estate market making purchases in all sorts of price ranges. Rents are up, and vacancies are almost non-existent. In fact, one of my clients had an investment home rented, with back up tenants on a list, before he had even closed on the purchase transaction.

If you can find something for sale, and get it for the right price, now is definitely the time to buy.

Zachary Epps, GRI, ABR, REALTOR®, Eco-Broker®, full-time RE/MAX professional, and author of

The Boulder Real Estate and Neighborhood Guide 

The Boulder Condo Guide 

The Home Buyer’s Handbook

Call, text, or email me today!… I’d seriously enjoy having the opportunity to talk to you about your plans if you’re moving, or if you know someone who is considering a move, and needs some straight answers.

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