DENVER-It just made sense to sell, says the attorney representing FirsTier Corp., which is now the property of Compass Bancshares. The two banks have finalized the previously announced deal. FirsTier's portfolio contains 17 offices along Interstate 25.
DENVER-City Council will be deciding whether to contribute $55.3 million to a developer so he can build a $217-million hotel that will neighbor the Colorado Convention Center. Some say voters, not council, should have the final word.
DENVER-Mayor Wellington Webb, a long-time union supporter, has ordered the aviation manager for Denver International Airport to referee a simmering dispute over unionization efforts for future hotel employees. The city is issuing an insurance policy for strict neutrality in lobbying workers.
DENVER-An online purchasing provider has added 250 more members, representing 53,000 apartments. The extra members have come via the acquisition of a New England competitor.
DENVER-TCI has reaped $22.5 million for a decade-long investment in the 240,000-sf Terrace Tower II. The building's sale had been quietly slipped into year-end deals, with Maier & Siebel paying $37.5 million for the property.
DENVER-A Denver real estate broker has removed a for sale sign with the word "Broncos" emblazoned on it as a marketing strategy for a parcel near the NFL team's training facility. Two letters from the NFL have convinced the broker that it's time to punt.
LOVELAND, CO-City and county staffs are looking forward to the spring when a 100,000-sf project will be finished, bringing more space and a services consolidation for residents' convenience. The $15.4-million project means an end to desk sharing.
DENVER-SafeRent, founded in October 1998, had closed the year 2000 by raising $12 million in two funding rounds. Part of the capital is earmarked for a second versioning of its applicant screening software.
DENVER-1999 got the ball rolling for the 2000 investment market, which had closed the year on a strong note. Grubb & Ellis, in its 2001 forecast, says the metro area has finally shed its 1980s stigma.
COLORADO SPRINGS, CO-More jobs, more multifamily permits and more development make Colorado Springs more economically vibrant than ever. Like any other city, the strong market is a result of job creation.