DENVER-Earnings per share in the first six months of 2001 jump to $0.23 per share, up from $0.10 per share for the same period last year. Funds from operations are down, partly because of new properties acquired in the past year.
LITTLETON, CO-The 16,000-sf Shops at Riverbend will include restaurants, coffee houses, bistros, small specialty shops, serving as a gateway to this community's Downtown. It is expected to open in early 2002.
COLORADO SPRINGS, CO-A location in a historic building at 515 S. Cascade Ave. is expected to provide better visibility, more parking and a 15% increase in visitor traffic. The building was used to maintain trolley lines.
DENVER-Building owner London-based Wembley, the biggest operator of horse and greyhound racing operations in Colorado, and former operators of the Colorado Private Reserve men's club are suing over rent defaults and breaches of contract.
AURORA, CO-Mohawk Industries is a Majestic Realty tenant at business parks in Salt Lake City and Southern California, making the choice of Building #22 at the Majestic Commercenter a bit easier.
DENVER-Colorado's Ocean Journey, which can't pay off the $63.1 million in debt, is dealt another blow when the Scientific and Cultural Facilities District rejects a request for $750,000 a year.
DENVER-"The days of double-digit annual value and rent growth have ended," says Marcus & Millichap regional manger David Osborne, but relatively strong job growth should keep demand firm for multifamily rental units.
DENVER-A record $62.2 million pours into Colorado casinos in July, breaking the old mark set one year ago by $2.2 million. The mountain town of Black Hawk books 69% of the state gaming revenues.
DENVER-"The days of double-digit annual value and rent growth have ended," says Marcus & Millichap regional manger David Osborne, but relatively strong job growth should keep demand firm for multifamily rental units.