Collections dropped 47 percent year-over-year from $10.6 million to $5.6 million. Stepped up regulation enforcement might have also been a factor.
Denver’s short-term rental tax revenue cratered in 2020 because of COVID
Residential Real Estate
Welcome to Business Den, your go-to destination for up-to-date news and insights on Denver’s residential real estate market. Our comprehensive coverage includes everything from new developments and construction updates to home sales data.
Subscribe to Business Den today and stay ahead of the curve.
Which Denver neighborhoods got hot in 2020?
Interest rates and inventory were low, changing the dynamic in Clayton, Montclair, Overland, University and Wellshire.
New owner plans to replace Sloan’s Lake Church with 10 single-family homes
Denver-based homebuilder Blvdway Communities paid $3.35 million or $46 a square foot for the 1.67-acre lot at 2796 N. Utica St.
Multifamily developer Gables purchases Cap Hill site from five sellers
One of them agreed to a reduced price in exchange for ownership of some parking spaces in the proposed apartment building.
Colorado Coalition for the Homeless breaks ground on nine-story project
A key component of the Arapahoe Square development will be a 75-bed “recuperative care” facility that fills a gap in the healthcare continuum.
Healthcare executive lists mansion in Belcaro for $4M
The CEO of TractManager paid $3.25 million in 2018 for the 8,000-square-foot home, which was built in 2016.
Denver developer Focus buys LoHi lot as it looks to branch into apartments
“We’re bullish on that asset type,” said the president of the firm, which is also considering a multifamily project on land it owns at the edge of RiNo.
Park under construction in North Park Hill on site of land swap deal
Developer HM Capital is paying $650,000 of the $1.5 million cost of Fairfax Park, which is expected to be built by the fall.
Multifamily developer pays $6.2M for Racines property in Cap Hill
The owners of the former restaurant, which opened in 1983 and closed in 2020, paid $1.3 million for the 0.57-acre lot at 650 N. Sherman St. in 2003.
Former CFO of CBS lists Cherry Creek mansion for $5.1M
Fredric Reynolds and his wife Lundy purchased the property at 480 Cook St. for $4.3 million in 2016.
