A law firm adds a partner, two banks name vice presidents, plus new faces and promotions in real estate, architecture, nonprofits and more.
The Herd: New hires, departures and promotions 8.16.22
Denver
Apartment conversion planned as Broadway building sells for $3M
The only tenant in the former Burte Hotel is a pawn shop on the first floor. The 40 rooms on the second and third floors will be turned into 20 units for rent.
Denver defense attorney admits skipping trial for Caribbean cruise
Michael Martin was on an island when he was supposed to be in a courtroom. He will serve a one-year probation of his law license.
Architect’s Cherry Creek home faces demolition after $4M sale
The buyer is a Denver homebuilder that plans to scrape the ’70s-era structure and construct two duplexes on the large lot.
Avalanche defenseman Erik Johnson upgrades in Cherry Hills home swap
The Avs player $7.2 million for his new home, and sold the seller his previous one for $3.2 million.
The Pipeline: Commercial real estate deals for 8.12.22
Confluent buys 35 acres in Thornton, a Northglenn building sells for $4 million, and a waste collector leases space in Denver.
Developer sells Cherry Creek site for quadruple 2020 price
Mike Mathieson bought it for $2 million and got $8.3 million. The deal will allow the buyer to expand a condo project it has proposed next door.
Ace Hardware store in Baker going out of business after 16 years
Store owner Andy Carlson blamed the rising costs and an increase in crime. “In a good year, a top-tier hardware store like this could do 7 percent at the bottom, pre-tax net profit. We’ve been squeezed into below five.”
Tennyson bar Local 46 to close without relocation plans in place
The bar’s corner in the Berkeley neighborhood is set to be redeveloped into a three-story, 90-unit apartment project.
Owner of now-empty Union Station apartment building sues builder
Shorenstein’s lawsuit in Denver District Court alleges Saunders used the wrong materials when it built The Grand’s water systems, leading to 33 leaks and “large-scale floods.”
