CASTLE ROCK, CO-Monthly rents will average about $725 for a one-bedroom unit and about $1,005 for a three-bedroom unit in TCR Mountain State Properties' affordable multifamily rental housing development here.
DENVER-Bankrupt ICG Communications gets permission to sell its former headquarters in Douglas County for $3.7 million. Thanks to a rising real estate market, it will make an undisclosed profit on the sale.
DENVER-The 118,000-sf retail space with 15,000 sf of second-story office space is being built by a joint venture of Houston-based Weingarten Realty Investors and Miller Development of Denver. Retailers continue to be pursued.
DENVER-One item on Gov. Bill Owens' agenda takes $300 million from construction projects, particularly higher education facilities, and funnels it into the Highway Users Trust Fund. Foes challenge his right to be that specific.
DENVER-Advertising guru Terry Barnhart pays $4.5 million for 1819 Wazee St., 10% less than the 10-year lease he signed before spending another $2.4 million out of his pocket on tenant improvements.
DENVER-A softening economy may force Hines Interest to scale back plans for a 42-story, 640,000-sf office tower Downtown. Another 35,000 sf of pre-leasing might allow the original plan to move forward.
DENVER-Ground is broken on a $12.5-million project in a gentrifying neighborhood that includes 68 multifamily units, 13,000 sf of retail space as well as office space at East 26th Avenue and Washington Street.
GREELEY, CO-President Jerry Morgensen expects to hear soon if his company will help repair damage to the nation's defense headquarters. The firm was preparing to sign a 10-year, $680-million contract to remodel the Pentagon.
DENVER-Security is heightened at Downtown office buildings, with managers outside deliveries and cleaning services in the wake of the suicide bombings at New York City's World Trade Center and Pentagon in Washington, DC.
DENVER-The $12-million purchase of 40 acres at Parker Road and E-470 in Douglas County is followed by the hiring of Dallas-based HKS as the architect. Centura Health expects to break ground on the facility next summer.