COLORADO SPRINGS, CO-Millennium Hotels and Resorts of the United Kingdom is selling off limited-service hotels. Colorado Springs' Quality Inn makes the "to go" list, bringing in about $5 million for the strategy.
DENVER-Jones Lang LaSalle's Denver office is on a roll, snagging three lucrative management contracts. The pacts add 591,000 sf and take leasing and management duties above 6.3 million sf for the region.
DENVER-The city's CBD has pulled the top spot for investment opportunities in a yearly review by New York City-based Integra Realty Resources. Denver also has ranked in the Top 10 in four other categories.
BROOMFIELD, CO-Panattoni Development will be masterminding construction for the 195,200-sf Broomfield Technology Center. The two-building project is expected to deliver by July and have all the right stuff being demanded by IT companies.
DENVER-Income Property Specialists has snagged its first Lower Downtown contract, taking over as property manager for the Streetcar Stables commercial component. The Boulder-based company's forte is to turn around undervalued properties.
DENVER-The southeast corridor's land prices most likely will spike 20% to 25% in and around the 37 planned light rail stops. The development key is density, says a development expert with the Regional Transportation District.
DENVER-The latest fourth quarter report shows the six-county metro region has been the state's busiest. Vacancy may be higher than the third quarter tally, but there's no cause for alarm since it's just a seasonal thing, says the University of Denver analyst.
DENVER-Nortel Networks will occupy 83,000 sf in Peakview Tower, the city's newest class-A office project. More deals are expected to break soon, with all eyes on a 50% occupancy level by week's end for the $40-million tower.
DENVER-With three lifestyle retail centers in full swing in other states, Memphis-based Poag & McEwen is tackling the Denver area. A 280,000-sf project is in the works for Littleton, the first major development at a light rail stop.
DENVER-The Northland/Marquette Capital Group team has put together more than $20 million in permanent financing for five clients. The largest signing is finalized for a 48-year-old shopping center in Denver.