DENVER-Gart Properties picks up two retail centers, paying more than $12 million and adding 311,151 sf to its 1.5-million sf portfolio. The long-range goal is 4 million sf to garner the metro area's lead spot for the largest private portfolio.
AURORA, CO-The fledgling Bioscience Park Center gets its first building, a 60,000-sf lab and office delivering advanced information technology infrastructure. The complex is being built on the former Fitzsimmons Army Medical Center.
DENVER-The $500-million WorldPark proposal has piqued the interest of the International Speedway Corp., owner of the Daytona International Speedway in Florida. The firm has initiated a feasibility study to weigh the project's merits.
DENVER-Four firms, three local and one from Pittsburgh, have jumpstarted a list of would-be financiers, builders and possibly operators of a 23-mile route for a proposed Air Train.
DENVER-The city's southwest submarket is no longer a dark horse in the development race. It's clearly emerging as a hotspot, says a Cushman & Wakefield Inc. broker who has just completed an analysis of the region.
DENVER-Janus Capital, Invesco Funds Group and AT&T Broadband are rescinding plans to submit bids for naming rights at the new Mile High Stadium, a pact that's been valued as high as $89 million. And that suits Mayor Wellington Webb just fine.
WESTMINSTER, CO-Cascade Gardens Apartments Inc. has turned a 118% profit on a property bought just three years ago. The 112-unit complex fetched $4.7 million.
AURORA, CO-A leading family-owned vehicle dealership is adding a $2.5-million Volkswagen center to the lineup at its flagship location. The two-story, 27,000-sf center will open in late spring 2001.
DENVER-The real estate community puts up a record $5.1 million to support efforts to defeat Amendment 24, an anti-sprawl constitutional measure that opponents say will erode the state's economy. Voters decide on the issue in the Nov. 7 balloting.
DENVER-The Regional Transportation District will wait until all votes are counted to see if its development plan for Union Station is derailed by an approved tax-slashing constitutional amendment.