DENVER-Mann Theater's 10-year lease on the 22,000-sf, six-screen facility in the Tamarac Square Shopping Center is taken over by Los Angeles-based Madstone Theaters, which expands from Manhattan and Cleveland.
KANSAS CITY, MO-The privately-held restaurant chain will continue to operate its 52 Houlihan's and Darryl's restaurants in 17 states. Two former bagel chain executives are now in charge of the company.
DENVER-Demolition of Mile High Stadium is a hazardous process, so much so that the public is being discouraged from watching Turner Construction crews at work. Work is planned to be completed by next season.
BOULDER, CO-The 16,000-sf, $4.2-million Colorado headquarters of the Nature Conservancy is designed for maximum energy efficiency, down to carpets that can be recycled into new carpet when it needs to be replaced.
DENVER-With 14,320 units under construction here, only Atlanta is seeing more multifamily building, according to M/PF Research's Denver Apartment Report. It's a case of bad timing, the consultants say.
BROOMFIELD, CO-The now glutted northwest corridor should recover by the time Etkin Johnson Group begins developing 38.4 acres. A $400-million mixed-use Broomfield Business Center project could be built near the FlatIron Crossing regional mall.
DENVER-The local company provides credit and risk management services to multifamily property managers while Boca Raton, FL-based Koriel REP Inc. develops software used by the industry.
DENVER-Industrial broker Alex Ringsby, the youngest ever Cushman & Wakefield director, leaves to head Ringsby Real Estate Corp. and a firm involving his father, which owns 19 trucking-related properties.
DENVER-It could easily take four or five years for the submarket to recover from an overall vacancy rate of 54%, says Chris Phenicie, a broker with Commercial Colorado. Class B space has a 77% vacancy rate.
DENVER-JPI sells the 396-unit first phase of Jefferson Park at Lowry to Prudential Real Estate Investors in the first major multifamily deal since Sept. 11. The terrorist attack on the US results in a discount of more than $1 million.