DENVER-Pre-1974 apartment complexes have attracted the bulk of the buyers thus far this year in citywide sales. The overall sales activity brings an average unit price of $48,764 in a region now reporting a 1.5% vacancy rate.
DENVER-Miller Global will get 80% interest in a $412-million joint venture being formed with North Carolina-based Highwoods Properties. The initial transaction has Highwoods selling 21 office properties and four development sites to the joint venture.
DENVER-AmeriVest has named CEO William Atkins to fill the shoes of outgoing chairman Charles. R. Hoffman. Hoffman has led the company for seven years. The board also has elected a new board director from the veteran ranks of the real estate industry.
BOULDER, CO-The University of Virginia is a prime example of what can be done by creating an entity to oversee real estate assets, says the Urban Land Institute. Policymakers are reviewing ULI's suggested for the University of Colorado.
DENVER-Warren Buffett may be the White Knight that Johns Manville's been looking for to rescue it from $300 million in debt. The legendary investor's Berkshire Hathaway is offering $2.2 billion plus a debt assumption for the Denver company.
DENVER-AMLI Residential has entered the Denver market in a big way, paying $51.2 million for a 414-unit luxury apartment complex. More deals are sure to follow, vows AMLI Residential's president. The sale sets a new record in the region.
DENVER-A "build it and they will come" scenario's being played out at Bedford Property Investors' Waterpark@Briarwood in the city's southeast corridor. The project is nearly fully leased, even though construction is still under way.
DENVER-Time to build more, says Majestic Commercenter owner, who has just sealed a deal for the final industrial space of its newest building. Come June, Majestic Realty will have two more warehouses ready for occupancy.
DENVER-Mack-Cali is off and running with a $38-million, class-A office project that is 66% fully leased and it's not due to deliver until the first quarter of 2001. The URS Center, named after its anchor tenant, is positioned in the heart of the Denver Technology Center.
a booming 2001. The Excite@Home subsidiary is expanding global headquarters, inking a deal for a 62,000-sf building at Church Ranch and an option for a 75,000-sf project waiting to break ground.