Author: Mark Samuelson Special to The Denver Gazette
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As even condos in Cherry Creek go for 7 figures, custom home is $4.675M
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Even in cities where downtowns are still suffering high vacancies following the pandemic, there are satellite areas close by that are doing much, much better. That’s the picture now three miles from downtown in Cherry Creek North, where Compass agents Kevin Garrett and Matt McNeill have a custom home on the market at $ 4.675…
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Denver builder recalls Venezuela’s collapse as Maduro’s party rose to power
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When Hugo Chávez — predecessor to deposed Venezuelan President Nicolás Maduro — came to power in 1998, Denver builder Noel West Lane was deep into a homebuilding venture in Caracas, supported by business leaders close to the preceding administration of President Rafael Caldera. Early Saturday morning, Lane, who had been president of Denver’s Melody Homes,…
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As candles are lit, Colorado Jews seek to ‘fight the darkness with light’ following Bondi attack
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As Jews across Colorado draw together to celebrate Hanukkah, conversations once again turned to the slaughter of the innocent – this time at Bondi Beach near Sydney, Australia. “We thought we were getting away from it, but then it comes back,” said Kevin Farrington, a 25-year FBI veteran who heads the Colorado team for Secure…
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Colorado residents face high energy bills after regulators turn away from natural gas, experts say
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Colorado residents could be paying a lot more for home energy, following the state’s decision last week to turn away from natural gas as a home cooking and heating fuel, experts said. Some 1.9 million Colorado households warm their homes each winter using gas. That’s also how tens of thousands of businesses heat their buildings.…
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Heading into holidays, shoplifting on the rise in Colorado, study says
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Shoplifting and other forms of retail crime are seeing a sharp rise as Colorado heads into the holidays, according to a study. After falling from a recent-record 24,975 thefts reported in 2015 to around 18,000 in 2021, Colorado Bureau of Investigation data show a jump to more than 27,000 shoplifting crimes in 2024, according to…
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As market cools, Colorado home prices finally level out
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Home prices in Colorado are finally behaving the way that market economics would predict they should, following two years of flat-to-declining real estate sales. They’ve leveled out. That’s according to the newest Market Trends report by the Colorado Association of Realtors. The report shows the median price of a single-family home in the state dropped…
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Builders say state’s push fails to create more affordable housing
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What’s the secret sauce for making homes more affordable in Colorado? That’s the question that renters are asking when the median price of a home — now $550,000 — ranks Colorado as one of the least affordable places to live in the nation. Fourth or fifth from the bottom, according to some rankings. Colorado is…
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Downtown Denver sees tepid signs of absorption in empty office space
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Denver’s newly remodeled 16th Street is open at its full expanse, beckoning workers and employers back into a downtown that was partially vacated during the pandemic, when office vacancies climbed past 30%, then 35%. Now analysts are seeing a glimmer of hope that the collapse can be reversed and that workers, and residents, can be…
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As bike deaths spike, shop owners opposed to infrastructure changes decry bullying
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Increasing numbers of fatal accidents involving pedestrians and cyclists in Colorado — up 78% over the past decade according to the State Patrol — are raising the temperature on a public debate over how bike riders can be better protected on roads around Denver. One party to the debate is crying foul, describing intimidation against…
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Denver area rents fall, but experts see longer range housing costs rising
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Experts who track rental rates around the Denver metro area are reporting that, despite ongoing concern over housing prices here, apartment rents are continuing to drop. “The reasons for higher vacancy rates and declining rents is an increase in supply. There’s no market pressure to bid up rents,” said Andrew Hamrick, senior vice president and…
