DENVER-The Frederick Ross Co. taken on 12 new partners, who have acquired 24% interest in the city's oldest and one of its largest commercial real estate firms. Local owners and fresh ideas prompt the decision to sell to the investors.
DENVER-Vicorp Restaurant stock has surged with a recent $174 million in cash offer to buy out the 256-eatery portfolio. The purchaser is an investor group that wants to take the Denver-based restaurateur private.
DENVER-The US Postal Service is looking for a taker for its 406,309-sf annex that's strategically positioned in the highly coveted LoDo submarket. It's definitely the most important building to hit that submarket's for sale list, say the brokers.
ASPEN, CO-The Ritz-Carlton is getting all decked out for its grand opening Saturday. The time-share venue serves as the centerpiece to a $230-million, mixed-use development by Houston-based Hines Resort Development.
WESTMINSTER, CO-First Industrial has capped construction on a four-building project that's available any way a contract can be sealed. Buy one, buy all or lease them is the way brokers are approaching the marketing effort.
DENVER-The local NAIOP chapter has unveiled this year's award winners. Jack Box, president and CEO of Denver-based Frederick Ross Co., snags the President's Award while the Etkin Johnson Group is named owner-developer of the year.
BRECKENRIDGE, CO-The Environmental Protection Agency appears poised to give its blessing to a $500-million expansion plan for two peaks. Vail Resorts has unveiled an ambitious plan that includes a large-scale, 148-unit grand lodge.
DENVER-A plan to convert an existing jail into the state's largest halfway house most likely will meet stiff competition from its neighbors in the favored Golden Triangle. A city official says the re-do makes a lot of sense, but neighborhood input is welcome.
DENVER-Colorado Access is adding more space, more employees come fall when it relocates to Two Denver Highlands in the city's southeast corridor. The 66,800-sf pact is one of the largest leases inked for the sector in quite awhile.
DENVER-The loss of a 119,983-sf tenant can be devastating, but it has taken just five days to fill the spot in the northeast corridor. Nationwide Distribution Logistics is picking up the industrial space that had freed up due to a bankruptcy.