Grand Junction is in the midst of a sustained real estate boom fueled by a vigorous regional energy industry. Growth is also spurred by the continued migration of people to desirable parts of the western U.S., such as the Western Slope of Colorado. Energy investment in the region is long-term with natural gas production planned for more than two decades. This is evidenced by the massive capital investment in long-term infrastructure being made by energy companies, such as the $2.2 billion, 1,678-mile Rockies Express Pipeline.

Even with looming national economic uncertainty and real estate downturns in many parts of the country, Grand Junction assures excellent investment potential in real estate. Local real estate activity has slowed in 2008 mainly because of tightening credit. While most of the country is suffering the poorest real estate conditions in years, Grand Junction is experiencing an average year. Upper end home sales remain strong, while starter homes sales, most sensitive to rising credit standards, have slowed. Rental vacancy rates are at historical lows as would-be buyers wait out the credit crisis as renters. Housing demand in Grand Junction remains strong, but deferred in 2008.

Because of its strategic importance, the western Colorado energy industry and the regional economy it supports will remain strong in almost any future economic or political climate. Stalled economies in other parts of the U.S., where unemployment and foreclosure rates are on the rise, contrast with the low unemployment and flat foreclosure rates in western Colorado. This hub of industry is expected to sustain, if not accelerate, migration to the Grand Junction area for years to come. With a current population of 140,000, Grand Junction and Mesa County are growing at a rate of approximately three to four percent per year.

There has never been a better time to invest in Grand Junction.

Gilbride Development, LLC is actively seeking private investors for future real estate development projects, including equity partners and private lenders. Prospective investors should contact company president, Leo J. Gilbride.