DENVER-Factoring in sublease space, overall market vacancy inches up from 15.46% in the second quarter to 15.86%, according to the Denver office of Jones Lang LaSalle, with rents falling from $19.18 per sf to $18.55 per sf.
DENVER-The Executive Tower Inn hotel in the Central Business District will be converted into a luxury hotel and 130 condominiums under plans unveiled by Lennar Partners. A $17.7-million-plus urban renewal subsidy will help.
DENVER-Steve Tucker buys the former 27,000-sf Club Disney building in the Entertainment District for another of BridgeCenter, a "virtual workplace" for such clients as telecommuters or the self-employed.
DENVER-The northeast industrial market boasts a 5.91% vacancy rate at the end of the second quarter compared with 5.2% a year earlier. By comparison, "30% to 40% vacancies" are forecast for the office market.
LITTLETON, CO-A 27,222-sf industrial/office building at 8130 Shaffer Pkwy. is financed by a 10-year non-recourse loan with 28-year amortization and 75% loan-to-value. ITN Energy is a major tenant of the property.
DENVER-GlobeSt.com takes a look at details of plans submitted by four bidders who didn't make the cut for a joint venture with Denver on its Winter Park ski area. East West Partners and Intrawest Corp. are the finalists.
DENVER-If four losing proposals reviewed by GlobeSt.com are any indication, the final development plan for city-owned Winter Park ski area should be a home run. Intrawest Corp. and East West Partners are the two finalists.
DENVER-The first phase of Post Uptown Square, consisting of 449 apartment units in renovated buildings as well as new construction, is 95% leased. The 247-unit second phase of Post Properties' development is under construction.
ESTES PARK, CO-Design Studios West of Denver is embarking on an $8-million to $10-million extension of this city's 1.5-mile Riverwalk. Plans call for bringing it closer to Rocky Mountain National Park.
DENVER-Foothills Lighting and Supply pays $6.6 million for the mixed-use building occupied by Desks Inc. since 1986. The previous owner leases back 20,000 sf of showroom space for its retail operations.