DENVER-A former Hines Interest LP property manager will be spending the next two years in a federal prison for bilking his employer out of more than $100,000.
DENVER-Thom Williams, one of Denver's most prominent businessmen, has secured a 51% stake in Denver-based Mile High Properties, possibly making it the largest minority-owned property management/brokerage firm in the nation.
DENVER-A Dallas investment group is laying out $4.25 million for a 125,000-sf industrial building to open a carrier hotel. The structure was built in 1947 by Ford Motor Co. as a parts distribution warehouse.
DENVER-Denver is being ticketed for a 150,000-sf to 200,000-sf office campus tailored for young technology companies on their way up. The California-based firm hopes to eventually have 25 high-tech campuses worldwide.
DENVER-The University of Denver continues to sell off buildings and acreage while awaiting completion of ongoing development projects. The latest sale nets $23 million for 13 acres and the current law school structure.
BLACK HAWK,CO-Windsor Woodmont, based in Dallas, is betting on Black Hawk, a town situated west of Denver where low-stakes gambling is legal. The company to date has spent $9 million to excavate a steep mountainside from the 5.7-acre tract to make way for construction.
DENVER-A developer is taking a piece of the city's history--an 1892 building--and converting it into a $45-million loft project. The development's first phase will consist of 96 units ranging in price from $150,000 to more than $600,000.
DENVER-In line with a recent merger, Cresa and Mohr Partners have combined their Denver offices, creating one of the city's largest corporate management firms. The move nearly doubles Cresa's Denver operation.
WESTMINSTER, CO-Allied Realty Services and Transworld are developing a $40-million, luxury apartment high-rise, the team's second project in five years in the Denver area. The project's location is its biggest selling factor, emphasize officials for both companies.
DENVER-Developers Bruce and Seth Berger met a city-imposed deadline to submit a letter of intent for a hotelier for a proposed $217-million, 1,100-room facility on property across from the Colorado Convention Center. In fact, they submitted two letters--one from Sheraton and another from Hyatt Regency. They now have until Jan. 15 to seal a management pact with one of the hoteliers.