DENVER-A local real estate partnership is shelling out $11.4 million for a prime 329.4 acres, which could bring as much as $1 billion in developments to the Denver International Airport submarket. The property has a tainted history dating back to the 1980s savings and loan crisis and ending with a sale forced by racketeering allegations surrounding a director of property owner, American Realty Trust of Dallas.
DENVER-The end gets closer for the landmark 100,000-sf Currigan Hall, designed to be taken apart and rebuilt like a Tinker toy, with a board nixing a city-civic plan to relocate it across the street to the Auraria Higher Education campus. The city's planning director and a preservationist architect says they will continue to court relocation suitors.
DENVER-The end gets closer for the landmark 100,000-sf Currigan Hall, designed to be taken apart and rebuilt like a Tinker toy, with a board nixing a city-civic plan to relocate it across the street to the Auraria Higher Education campus. The city's planning director and a preservationist architect says they will continue to court relocation suitors.
DENVER-The Amstar Group heads to Washington, DC, to purchase a premier 270,000-sf building primarily leased to the Treasury and defense departments. The structure is just two blocks from the White House.
DENVER-A father-son development team for a $217-million, 1,100-room hotel near the Colorado Convention Center says it will meet Friday's city-imposed deadline to sign a hotelier for the project. A Marriott official says his company is not out of the running while a Hilton spokesman says that chain's proposal hasn't been well received by Bruce and Seth Berger.
BRECKENRIDGE, CO-Vail Resorts Development Co. has revised development plans for the nation's leading ski destination. The plan, not to exceed $500 million, goes from 35 home sites to mixed use.
DENVER-A two-year relationship has sealed a development deal for CarrAmerica to take the reins of an 800,000-sf build-to-suit at the former Lowry Air Force Base. The project is the largest of its kind in Denver.
DENVER-Level 3 Communications Inc., which has just sealed a deal for an operation in Hong Kong, is developing a 500,000-sf technical hub in Needham, MA. The first phase - 314,000 sf - is to deliver in third quarter 2001.
DENVER-The local apartment market's lookin' good, given the local economy's strength and high housing prices, now averaging more than $250,000. The report shows apartment rents average $748 per month, making them "much more affordable and desirable to Denver's general populace" in light of record home prices.