A school district sues over construction defects at a high school and another lawsuit alleges fraud and conspiracy related to a commercial property transaction.
The Docket: Real estate lawsuit roundup for 2.10.22
Denver
Developer plans to build 38 condos at Cherry Creek site that sold for $19M
Property Markets Group, which also owns the Denver7 block at the intersection of Speer and Lincoln, wants to put up a five-story building along 2nd Avenue.
ChoLon, Tocabe, Marczyk landing at DIA in latest concessionaire leases
Westminster-based Mission Yogurt, which already leases space for 12 eateries and markets at DIA, is poised to open 10 more throughout the airport’s concourses.
LoDo’s Hardware Block office building sells for second time in five months
Asana Partners, which bought Larimer Square in 2020, paid $25.8 million this week for the nearby 54,125-square-foot building built in 1895.
Plant-based burger chain owner expanding to hometown of Denver
Oregon-based Next Level Burger was founded by Denver native Matt de Gruyter and wife Cierra in 2014 and has seven locations in Oregon, Texas, Washington and California.
Building permits 2.9.22
A new building for $4 million at 2881 N. Speer Blvd. and an alteration for $2.6 million at 555 17th St. in Denver were the week’s top building permits.
Denver’s largest hotels, retail centers dropped in valuation after COVID
The 1,100-room Hyatt Regency, valued before the pandemic at $296 million by the county, is now valued at $207 million — 30 percent less.
PERA sues 3 counties over dissolution of Tri-County Health Department
The Colorado Public Employees Retirement Association claims that the department and Arapahoe, Adams and Douglas counties need to pay $50 million to break away.
Seafood restaurant surfacing in Market Station this week
The Water Grill chain will open its first Colorado location and join five other retail tenants at the mixed-use development at 1691 Market St.
The Herd: New hires, departures and promotions 2.8.22
A real estate developer changes up the C-suite, plus new faces and promotions in law, finance, nonprofits, architecture and construction.
