DENVER-The Gart family, a well-known retail and real estate conglomerate in Denver, has closed a deal for seven Bicycle Village stores. The Garts already own more than 50 specialty sports shops in Colorado.
COLORADO SPRINGS, CO-An 11-acre retail project will team new with old, utilizing a quaint country village design for structures. The eight-building project will feature a 1.5-acre park with amphitheater.
LOUISVILLE, CO-A $12 million, 77,000-sf second phase launches this month at the Coal Creek Business Park, situated in a Boulder suburb. The developer is negotiating to lease the entire space to two companies.
DENVER-It's time to merge, says a Denver businessman who bought two REITS four years ago. The REITS not only have been sharing identical housing markets, but also its management.
DENVER-Two class A office structures, totaling 135,000 sf, bring $22.8 million from Farmers New World Life Insurance Co. Only structures inside the Denver Technological Center and a recent quiet sale of the Time Warner building have commanded higher prices.
DENVER-The city has set a Sept. 15 deadline for developers and Marriott to present a project agreement that council likes. The development team wants to build a $217 million, 1,100-room Marriott Hotel across from the site of a new convention center.
COLORADO SPRINGS, CO.-A 33-year-old apartment complex sells for $8.3 million in a market where top dollar is being asked and given for properties. The cost per unit is $65,873 for this transaction.
BOULDER, CO-A decades-long wait is over in Boulder, where a developer openly discusses plans for a $30 million, 150,000-sf luxury hotel for a key piece of downtown property. Plans for the St. Julien Hotel have been kept hushed for five years. Now, the developer's talking.
DENVER-Going to the movies isn't going to be as simple as it used to be, with United Artists continuing closings nationwide in a debt restructuring strategy. UA's president says he's "not at all thrilled" with second-quarter reports.
DENVER-It's the American dream ... and Equity Residential Properties Trust says that is why it is helping tenants buy homes with select builders. The program is under way in Denver and Phoenix, with plans to launch it in Nashville.