DENVER-The sales are done now it might be time to buy, says Denver-based Amstar, which is scouting major metro markets for possible acquisitions. Gone from Amstar's portfolio are four luxury communities in California and Florida, bringing in $135 million
DENVER-Invesco is dangling a $120-million carrot for the right to affix its name to the new Mile High Stadium. Denver's mayor says full disclosure about the name's future, its existing label and debt pay-down must come before final papers are signed.
DENVER-Three CB Richard Ellis brokers have jumped ship, one of whom will steer the new Julien J. Studley office in Denver. The New York City-based tenant advisory firm is opening its 16th US office under the leadership of Rob Link.
DENVER-A Delaware bankruptcy judge pondered less than 15 minutes yesterday before stamping reorganization papers for United Artists. No objections had been lodged, but there remains a 10-day filing period for complaints before the plan goes into effect.
DENVER-Schuck Holdings now owns about 6,000 acres near Front Range. A cargo and distribution facility is planned for the latest acquisition, 820 commercially zoned acres in Adams County.
DENVER-The 30,000-sf Stage Store, now part of a 121-store bankruptcy disposition list, shouldn't be difficult to market, say Denver retail experts. The CBD property's commercial history dates back to 1933.
DENVER-J.P. Morgan has made its first buy in the Denver market, setting a state record for the per unit cost. The $40-million purchase breaks down to $131,578 per unit for the Brookside Village Apartments in the Denver Technological Center.
DENVER-Chef Richard Sandoval is heading to Denver, where he plans to open a Tamayo restaurant. Plans call for 200 seats in an atmosphere that's just a little less casual than his popular New York City and San Francisco Maya locations.
DENVER-When the ink dries on the contract, the identity of Legacy's new partner will be made public. The mystery person is kicking in some $60 million to help develop Central Platte Valley's first new office project.
DENVER-Fuller and Co., recognized for its annual predictions, finds one wild card in the regional outlook for this year. All looks fine in terms of office construction, rent and occupancy, save for Qwest. As much as 500,000 sf could come to market with planned cutbacks.