BLACK HAWK, CO-Black Hawk Gaming & Development Co. reports its net income fell to $1.4 million, or $0.33 per share as it prepares to merge with Gameco Inc., a company controlled by chairman and CEO Jeffrey Jacobs.

LITTLETON, CO-A local investor and condominium converter pays $25.08 million for the luxury Pinnacle Highline Apartment Community. The price is 40% more than what SSR Realty Advisors paid for it in 1994.

DENVER-Forest City Stapleton Inc. begins construction on the $300-million first phase of the redevelopment of the former Stapleton International Airport, part of a 7.5-square-mile redevelopment considered the largest infill project in the US.

DENVER-Area apartment vacancy rates fell to 4.5% in the first quarter from 4.7% in the fourth quarter. But the decline can't be pinned entirely on renters leaving apartments for single-family homes.

LOUISVILLE, CO-Income Property Specialists is attracted to the fully-leased 20,000-sf retail project's location along the growing US 36 corridor. IPS also has the 28,000-sf second phase under contract.

DENVER-Area apartment vacancy rates fell to 4.5% in the first quarter from 4.7% in the fourth quarter. But the decline can't be pinned entirely on renters leaving apartments for single-family homes.

GRAND COUNTY, CO-It takes only four hours to sell $14 million in condominiums in Twin Saddles Lodge in the SolVista Golf & Ski Ranch mountain resort 78 miles northwest of Denver.

DENVER and ARLINGTON, VA-Archstone Communities and Charles E. Smith Residential Realty form the second-largest apartment REIT in the US and fourth-largest overall pending shareholder approvals. Both focus on high-barriers-to-entry markets.