LAS VEGAS-A recent Grubb & Ellis forecast says Las Vegas' resiliency will keep it growing despite the hard economic times. The city always rolls with the punches. And, good opportunities will prevail for well-capitalized investors.
AURORA, CO-Zimmer Gunsul Frasca Partnership, which has designed children's hospitals in Portland and Los Angeles, is chosen for Children's Hospital's facility at the Fitzsimons campus.
WESTMINSTER, CO-The REIT that focuses exclusively on entertainment properties, buys out joint venture partner Price Legacy Corp. of San Diego and now owns 100% of entertainment-themed retail center Westminster Promenade.
DENVER-A 1-point drop in the interest rate on the Broncos' $150-million construction loan on Invesco Field at Mile High could save the team $30 million. Ambac Assurance will help the Broncos state their case.
DENVER-The design-build firm is building a new distribution facility for Coors Distributing Co. in unincorporated Adams County on 25 acres at Interstate 25 and Pecos Street. It will replace an 80,000-sf facility here.
DENVER-Sales of office, retail and industrial properties that sold for at least $1 million will hit $1.05 billion this year, the worst since $885 million in 1996, says Cushman & Wakefield broker Patrick Deveraux.
DENVER-Despite a 26.7% jump in permits issued in the first 10 months of the year, one multifamily broker cautions those figures represent projects in the pipeline, and future growth is likely to be slower.
BOISE, ID-Third-quarter multifamily vacancy in the market was 7.4%, according to a report by Hendricks & Partners, while the average monthly market rent is at $654, up $20. Low mortgage rates also crimp demand.
DENVER-High school and college age students develop the bank at First Avenue and Monroe Street through a monthly "Economics of Construction" class run by general contractor Etkin Skanska Construction Co.
DENVER-While two new casinos have opened since Sept. 11, the $100-million Casino Magic Bossier City expansion in Los Angeles has been cancelled. That leaves $3.9 billion in non-Native American casino projects under construction or slated for imminent development.