Uptown apartments sell for $8M and Lincoln Property Co. reports a 60k sq. ft. lease.
Commercial Real Estate
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The Pipeline: Commercial real estate deals for 10.28.22
Watson defends against SEC claims, admits not investing in some projects
Investors knew the risks when they bankrolled developments he suggested he would invest in but didn’t, Brian Watson told a federal court.
Lakewood’s Belmar nears common consumption area, but none in works in Denver
More than a year after the Denver City Council OK’d the zones for drinking to-go alcoholic beverages, no one has applied for one.
New Nativ Hotel owner sues seller, citing surprises after deal closed
Thierry Rignol bought the LoDo property for $6.3 million in August and originally hoped to reopen it within weeks.
Building permits 10.26.22
New buildings for $6.2 million at 3901 Wynkoop St. and $5.5 million at 650 W. Colfax Ave. in Denver are the week’s top building permits.
Lake Steam Baths to be included in redevelopment, new owners say
The century-old bathhouse on West Colfax Ave. sold this month for $2 million. The buyers plan to eventually put up an apartment building.
Cherry Creek corner development site sells for $10M
“The amount of leasing velocity that we’ve witnessed in Cherry Creek is incredible,” said Dan Huml, who plans to develop a five-story building.
Douglas County equestrian facility sells to vet-led investment group
The buyer called the Colorado Horse Park “a refuge in a sea of new homes and a connection to the Douglas County rural past.”
Developer sues after car-free community derailed by planned school
Culdesac, whose first project in Arizona has received national press coverage, is suing the seller of property that it tried to buy along Tower Road.
The Herd: New hires, departures and promotions 10.25.22
A shoe manufacturer and a bank name senior executives, plus new faces and promotions in real estate, law and more.
