DENVER-A Grubb & Ellis Co. report shows land sales down by nearly $50 million in Denver and off as well in Colorado Springs despite this year's record-breaking $55-million deal for the Banning Ranch. The light trading will continue through 2002.
DENVER-Metro Conventions & Visitor's Bureau president Eugene Dilbeck says the trend of few cancellations will continue next year. "We're Denver. We are regarded as a very exciting and desirable city to visit," he reasons.
SNOWMASS VILLAGE, CO-Aspen Skiing Co. and Intrawest Corp. have big plans for Snowmass, if officials like what they see in a pre-proposal for a large-scale base village. Everything from "warm beds" to apre-ski bars are on the developers' holiday list.
ALBUQUERQUE-Significantly better returns on investments make Albuquerque a great landing spot for the willing. Those returns are luring more investors as the battle plays out to regain consumer confidence, says a Grubb & Ellis report.
DENVER-The 295-unit Nelson Hall should be ready to occupy for the fall 2002 semester at the University of Denver. The five-story, 135,500-sf building project includes two floors of underground parking.
DENVER-Resort areas in Colorado were the hardest hit in the wake of the Sept. 11 terrorist attacks, according to the Rocky Mountain Lodging Report. Occupancy in such venues as Vail and Aspen fell below 30%.
DENVER-Metro Conventions & Visitor's Bureau president Eugene Dilbeck says the trend of few cancellations will continue next year. "We're Denver. We are regarded as a very exciting and desirable city to visit," he reasons.
DENVER-The median price of a condominium has remained unchanged in the past year, "not bad for a 'collapsing market'," agent Jerry McGuire tells GlobeSt.com. That can be read as a sign of stability for the commercial market, brokers say.
DENVER-The median price of a condominium has remained unchanged in the past year, "not bad for a 'collapsing market'," agent Jerry McGuire tells GlobeSt.com. That can be read as a sign of stability for the commercial market, brokers say.
LAS VEGAS-In addition to an 8.3% vacancy rate, three months free rent is now common on five-year leases, with some tenants winning five months. That's up from the usual one or two months.