DENVER-"The commercial real estate economy will lag the recovery in the general economy," says Rick Pederson, chairman of Ross Consulting Group, predicting a 2003 recovery. Office sellers can expect 15% less than current asking prices.

DENVER-"The commercial real estate economy will lag the recovery in the general economy," says Rick Pederson, chairman of Ross Consulting Group, predicting a 2003 recovery. Office sellers can expect 15% less than current asking prices.

LAFAYETTE, CO-A 16,630-sf office, research and development building in the Lafayette Tech Center is financed by a $1.4-million loan arranged by Minneapolis-based NorthMarq Capital. Kollmar-Jackson LLP is the borrower.

DENVER-Bedford Property Investors Inc. sells one of its "outstanding performers" in its portfolio to Bryant Street Quad & Annex Ltd., which "plans to make some immediate capital improvements.

DENVER-Horwath Horizon Advisors/Montgomery & Associates tells GlobeSt.com occupancy at Denver area hotels fell to 54.8% in September, and indications are October will see an uptick only to 58%.

LONGMONT, CO-The general contractor that also is building the Denver Art Museum expansion and the Cultural Center Parking Garage is building two "cutting edge biotechnology manufacturing" buildings in Amgen's new campus here.

DENVER-Klipp Colussy Jenks DuBois Architects of Denver designs the new 57,000-sf facility for the National Conference of State Legislatures. General contractor Pinkard Construction is overseeing the project.

DENVER-Vacancy in units built from 1990 to 1994 increase to 9.5% from 7.6%, while those built form 1995 to the present increase to 19.7% from 7.7%, according to L.J. Melody & Co., citing increased supply as the culprit.