“It’s a great size for someone where you can do something special, but it’s not so big that the overhead’s killing you,” said Brett Murphy, who is working through a $6.5 million redevelopment play a half-block away.
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“It’s a great size for someone where you can do something special, but it’s not so big that the overhead’s killing you,” said Brett Murphy, who is working through a $6.5 million redevelopment play a half-block away.
Owner Simon Property Group had to pay $7.5 million toward the loan that originally matured late last year.
“The focus is to make it a technical hub of excellence, a showcase area, a place to meet with clients, a place to do really intense innovation,” said LG Ad Solutions Chief Technology Officer David Rudnick.
A former exec testified that it stopped paying rent on 64,500 square feet as a “renegotiating tactic — a tactic to save money.”
It’s not the only property that developer Leon Cisneros lost to a lender recently.
“You’re not gonna find another chunk like this in Telluride, Aspen, Estes Park, Golden — anywhere,” says Dave Killingsworth.
The Seattle-based firm is a major Denver landlord.
RedT’s Nathan Adams says delays in servicing projects have put his properties into foreclosure and forced him to alter sales strategy.
Ryman Hospitality challenged the county’s approach, requested a $530M valuation.
Buyer Jon Van Sistine has a similar project targeting group bookings closer to Coors Field.
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