DENVER-Developers pulled permits for 976 multifamily units in August, down less than 2% from August 2000. However, permits pulled through the first eight months of 2001 represent a 6.7% increase over the same period last year.
COLORADO SPRINGS, CO-The 296-unit Pine Bluffs Apartment at 6470 Timber Bluff Point sell for $90,000 per unit, a record for a project built here in the 1990s. Pine Bluffs LLC pays $26.64 million for the project.
BROOMFIELD, CO-The deal is believed to be the largest commercial real estate loan for a single property in the Denver area. One Norwest Center sold for $208.5 million in 1999, but Commonwealth Partners borrowed $100 million.
DENVER-Colorado's limited stakes gambling casinos pay $6.9 million in gaming taxes on adjusted gross proceeds of $59.7 million in September. Revenues are down 1.7% from August in the wake of terrorist attacks.
ENGLEWOOD, CO-A plant here and in Prescott, AZ have been operating at 30% capacity. The plant here is newer and larger, prompting the maker of commercial carpet cleaners to consolidate operations.
DENVER-About two-thirds of the units in the 122-unit, $25-million Village Lofts project have been pre-sold, mostly to workers in the nearby Denver Technological Center, which has 9 million sf of office space.
DENVER-The story's the same in Denver as elsewhere when it comes to the office market. Vacancy overall jumped 3.6% to 18%, but the northwest submarket gets hit the hardest, spiking from 4% to 34.7%.
DENVER-Stacey Hart's Cherry Creek Country Club is the largest infill development in the area outside of the former Stapleton International Airport and Lowry Air Force Base. It's the first golf club in the area in more than 15 years.
DENVER-Stewart Water Information, LLC prepares "Ownership of Water Rights" reports and writes water rights title insurance policies, similar to what a title search and title insurance provide for a property sale.
COLORADO SPRINGS, CO-The Broadmoor Main Building as well as the Northmoor and Southmoor buildings are undergoing complete renovations beginning Monday. Completion is expected next May. Rooms in those buildings are closed.