DENVER-HUD predicts Denver will rank fourth nationwide in FHA loan volume and seventh for completed transactions in the coming years. The ambitious goal and changes will make HUD more competitive with conventional lenders.
ASPEN, CO-Hard Rock Cafe locks the key on its decade-old eatery in Aspen's historic Elks Lodge. The chain says it's looking for more space in the ritzy ski town that boasts rental rates of up to $125 per sf.
WINTER PARK, CO-In a land swap with the Bureau of Land Management, Silver Creek Holdings gains room to grow plus dedicates 500 acres to a conservation easement. The acreage is for a new ski village, more skiing areas, 5,500 homes and two golf courses.
ASPEN, CO-A British pub-theme restaurant holds the distinction of being the first eatery lined up for Hines Resorts' $230-million Aspen Highlands Village. Lawn bowling to direct access to the ski slopes is everyday fare at the signed restaurant.
LEADVILLE, CO-The Rocky Mountain Mutual Housing Association shells out $3.9 million for its first affordable housing project in the mountains. The 162-unit is nestled south of Vail and east of Aspen, an ideal location for seasonal workers.
DENVER-Desks Inc. is selling a 132,000-sf office, showroom and warehouse property in concert with a split in its business. The 45-year-old firm plans to divide its commercial and retail divisions.
ASPEN, CO-A British pub-theme restaurant holds the distinction of being the first eatery lined up for Hines Resorts' $230-million Aspen Highlands Village. Lawn bowling to direct access to the ski slopes is everyday fare at the signed restaurant.
DENVER-Arrow Electronics buys a 44-acre parcel, paying $10 million for a site that neighbors its corporate headquarters. The seller had paid $3.37 million 1-1/2 years ago and had been planning to build a 450,000-sf building.
DENVER-United Artists' Chapter 11 reorganization is working, even though third-quarter revenues are 17% less than 1999. UA president Kurt Hall blames the decline on 23% fewer theaters and a shortfall of blockbuster movies.
DENVER-Black Creek Capital will tap the affordable housing market, setting up a new entity to incorporate that component into its projects. The subsidiary will be headed up by the former president of the Colorado Affordable Housing Partnership.