real estate
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Jefferson County’s $273 million project — part of Peaks to Plains Trail — sparks excitement, push back
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An ambitious trail to connect the Continental Divide to the Denver metro is dividing the residents of Jefferson County, with some balking at the $273 million cost and others excited at the prospect of better access to the “truly quintessential Colorado experience.” When completed, the 65-mile Peaks to Plains Trail will connect the Continental Divide…
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More buyers than homes for sale in metro Denver, according to report
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With Denver area for-sale home listings at the lowest point since 2014 in February, buyers “still have an inventory problem,” according to the latest report from the Denver Metro Association of Realtors. There were 3,778 homes for sale at the end of February, including single-family homes and condominiums, according to the latest Market Trends report.…
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November market slows for Denver real estate
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Denver’s home sales market continued the “slow down” trend seen for the last couple months in November, according to the most recent Market Trends report from the Denver Metro Association of Realtors. But then again, real estate tends to slow in November and December as thoughts turn to holidays and shopping, experts agree. Inventory levels…
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Denver City Council approves redevelopment plan for 27th and Larimer
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The Denver City Council on Monday approved a plan to allow a national real estate firm to redevelop the southeast block of Larimer street between 27th and 26th streets. The plan also includes a portion of land on 26th and Larimer. Business owners near the proposed redevelopment showed up in full support of the plan…
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Rising mortgages keeping metro Denver apartment vacancy rates low
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Fast-rising mortgage rates might be denting the record home prices that Denver sellers enjoyed last spring, but they’re only serving to reinforce the low-vacancy apartment market, according to developers and recent rental data. “You’ve seen some (home) prices start to decline as new homes and resales are taking longer to sell, but that’s actually helping…
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Report: Denver lodging bounces back, but lags behind national recovery
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Metro Denver’s hotels saw a strong first quarter, marching – slowly but surely – to pre-pandemic occupancy levels, according to an industry report from real estate giant CBRE. But the recovery remains behind the national average – largely because of the influx of all the newly-constructed, higher-priced hotel rooms that hit the Denver market in recent years.…
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Gov. Polis pledges to save Colorado businesses money during recovery
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In his final State of the State address of the year, Colorado Gov. Jared Polis told members and guests of the Colorado Business Roundtable on Thursday of his office’s ongoing efforts to reduce fees and regulations for businesses, increase the talent pipeline with alternative education efforts and bolster the huge unemployment insurance fund deficit. “I’m…
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The Great Resignation: Record numbers of Colorado workers are quitting their jobs. So where are they going?
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It has been called the Great Resignation. The Big Quit. The Great Reshuffle. Whatever the name, it’s a stunning transformation in the American workforce as workers quit in unprecedented numbers – some retiring, some retreating until the pandemic is over, some forging a new path. In that last category is Ben Gallegos-Pardo – although his “new”…
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Urban Land Conservancy buys former Johnson Wales campus
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In a complicated real estate transaction that will ensure the corner of Montview Boulevard and Quebec Street near South Park Hill stays campus-like, the Urban Land Conservancy finalized its purchase of the former Johnson & Wales University campus. The 13 buildings on the 25-acre campus will have three different owners: the non-profit conservancy, Denver Public…
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Denver’s Larimer Square sold to out-of-state company
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For the first time in nearly 30 years, Denver’s historic Larimer Square has a new owner. Asana Partners, a North Carolina based real estate firm announced Tuesday morning it had closed on its acquisition of the shopping and dining area for an undisclosed amount. With the purchase, the North Carolina firm now owns 25 properties…