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United Sets Date for First DIA-Tokyo Flight

Published on: 05/21/2013
Source: Denver Business Journal
United Airlines placed its trouble-plagued Boeing 787 Dreamliner jets back into service. A safety issue involving the airplane's batteries was reoslved by the manufacturer, leading to federal approval for the plane's reentry into commercial service. The long-range airliner will allow United to finally institute its planned Denver to Tokyo flights on June 10. In the meantime, United will use the Dreamliner on busy domestic routes, such as Denver to Houston.  
Zipcode: 80249
Link: http://www.bizjournals.com/denver/news/2013/05/21/787-dreamliner-goes-in-denver-service.html?ana=RSS&s=article_search&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+bizj_denver+%28Denver+Business+Journal%29&utm_content=Google+Reader

Treehouse Plans North Denver Apartments

Published on: 05/21/2013
Source: Denver Business Journal
Treehouse Development will built Lumina, a 61-unit apartment building in north Denver. The project will occupy the site at the southeast corner of West 33rd Avenue and Navajo Street where the renown but now closed Pagliacci's Italian Restaurant operated for 66 years. Construction is scheduled to begin this summer. 
Zipcode: 80202
Link: http://www.bizjournals.com/denver/morning_call/2013/05/apartment-building-planned-for.html?ana=RSS&s=article_search&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+bizj_denver+%28Denver+Business+Journal%29&utm_content=Google+Reader

Aurora to Close Golf Course

Published on: 05/21/2013
Source: Aurora Sentinel
The Aurora City Council voted to close the Centre Hills Golf Course, a public facility oriented to beginner golf. The par-3, nine-hole course is located at 16300 East Centre Tech Parkway and has been open since 1988. Aurora residents will be asked for suggestions about how to reuse the property, including options such as a disc golf course, a mountain bike track and off-leash dog areas. The City Council majority voted to close the course because of the projected cost of a water irrigation system. 
Zipcode: 80017
Link: http://www.aurorasentinel.com/news/city-agrees-to-close-money-losing-centre-hills-golf-course/

Motorsports Park Planned Near DIA

Published on: 05/20/2013
Source: Denver Post
Colorado Motorsport Ventures, Inc. plans to develop a motor sports park near Denver International Airport. The facility would occupy a 366-acre tract southeast of the airport on Imboden Road between East 88th and East 96th avenues. The park would include a three-mile driving track, a go-cart circuit and a driving safety research center. The project, known as Altezza, must be approved by Adams County.  
Zipcode: 80022
Link: http://www.denverpost.com/news/ci_23279957/motorsport-park-by-denver-airport-is-club-drivers?source=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+dp-news-frontpage-local+%28Denver+Post%3A+News%3A+Front+Page%3A+Denver+and+the+West%29&utm_content=Google+Reader

Developer Reveals Superior Concept

Published on: 05/20/2013
Source: Boulder Daily Camera
Ranch Capital, the San Diego company designated as the developer of the Superior Town Center, revealed the land use concept for the project. The 157-acre site is located at the southeast quadrant of McCaslin Boulevard and the Boulder Turnpike. Ranch Capital was chosen by the Town of Superior to plan the site and to serve as master developer. The concept includes a mixed-use "Main Street" and a variety of residential uses containing about 1,350 units. After considering public comments the plan will go before the Superior Planning Commission and then the Superior Town Trustees for final approvals. Pending those approvals construction could begin by Fall.
Zipcode: 80027
Link: http://www.dailycamera.com/superior-news/ci_23287115/superior-town-center-laid-out-public?source=rss

FreeWave Expands in Boulder

Published on: 05/17/2013
Source: Boulder County Business Report
FreeWave Technologies moved into a new corporate headquarters in Boulder. The company manufactures spread-spectrum radios. The 45,000 square foot building is located in east Boulder at 5395 Pearl Parkway. 
Zipcode: 80301
Link: http://www.bcbr.com/article/20130517/NEWS/130519934

CDOT, Golden Agree on CO-93, US-6 Plans

Published on: 05/16/2013
Source: Golden Transcript
The Golden City Council agreed to accept the Colorado Department of Transportation's proposed concept for improvements to US-6 and Colorado Highway 93 (known as Foothills Road) through Golden. The agreement creates a "shared vision" on improvements to the road, including, traffic controls, alignment changes, landscaping and sound mitigation. In particular, the highway would be lowered below grade in some sections, allowing cross street to pass above the highway. No immediate plans for construction were announced as funding options need to be determined. The controversial proposed Jefferson Parkway toll road from Broomfield through Golden to C-470 and I-70 would funnel additional traffic through Golden.  .  
Zipcode: 80401
Link: http://www.ourcoloradonews.com/arvada/news/city-cdot-agree-on-u-s-and-highway/article_b944ed14-e43f-5bc2-8eec-8e3db031c412.html

Air Comm Buys Westminster Building

Published on: 05/15/2013
Source: Colorado Real Estate Journal
Air Comm bought a 52,200 square foot industrial building in Westminster. The company makes heating and air conditioning systems for airplanes and is outgrowing its facility at Boulder Municipal Airport. Air Comm paid $3,530,000 for the building to Melco Industries, which will remain and lease 10,000 square feet. The seller was represented by Tim D'Angelo and Mike Wafer of Newmark Grubb Knight Frank. ANV Partners broker Holly Harrison represented Air Comm. 
Zipcode: 80234

Investor Buys Lowry Apartments

Published on: 05/15/2013
Source: Denver Business Journal
An unidentified local investor bought the Legends at Lowry, a 150-unit apartment community in east Denver. The property was acquired from RC-Lowry Apartments LLC for $27,750,000, or about $185,000 per unit. The Legends at Lowry was originally developed as a condominium community but subsequently bought out of foreclosure by Denver developer Peter Kudla. ARA brokers Doug Andrews, Jeff Hawks, Terrance Hunt and Shane Ozment represented the seller.    
Zipcode: 80230
Link: http://www.bizjournals.com/denver/blog/real_deals/2013/05/legends-at-lowry-commands-27-million.html?ana=RSS&s=article_search&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+denver_blog_realdeals+%28Denver+Real+Deals%29&utm_content=Google+Reader

Fresca Adds Aurora Warehouse

Published on: 05/15/2013
Source: Boulder County Business Report
Fresca Foods opened a 120,000 square foot warehouse near the interchange of Pena Boulevard and I-70. For food safety reasons the company did not reveal the exact location. Fresca is based in Louisville and manufactures various food products.
Zipcode: 80011
Link: http://www.bcbr.com/article/20130515/NEWS/130519954

Greystar Buys Denver Apartment Portfolio

Published on: 05/15/2013
Source: Colorado Real Estate Journal
Greystar Real Estate Investments, in a joint venture with Goldman Sachs&Company, bought a 1,103 unit apartment portfolio in Denver from Equity Residential. The Charleston, South Carolina-based company paid $156 million for the four properties, or about $141,000 per unit. The Denver acquisitions result in Greystar now having over 2,000 apartment units in metro Denver. The four properties in the recent acquisition were the Crescent at Cherry Creek, Whisper Creek, the Sonata at Cherry Creek, all in Denver, and Warwick Station in Westminster. Representing the seller on the transaction were ARA brokers Jeff Hawks, Doug Andrews, Terrance Hunt and Shane Ozment.   

Investor Buys Lafayette Buildings

Published on: 05/15/2013
Source: Colorado Real Estate Journal
WFP Rock Creek LLC bought two adjacent industrial buildings in Lafayette. The two buildings are located at 1215 and 1219 Rock Creek Circle off South 120th Street and were acquired for $1,510,000 from 1215 LLC. The buildings are fully leased and contain a total of 23,115 square feet of space. Gibson-White broker Chris Boston represented the buyer and Ashley Overton of Keys Commercial represented the seller. 
Zipcode: 80026

Summit Materials Moving HQ to Denver

Published on: 05/15/2013
Source: Colorado Real Estate Journal
Summit Materials is moving its corporate headquarters from Washington, DC to downtown Denver. The firm owns materials companies and will create 79 jobs with its move to Denver. Summit Materials leased 16,653 square feet of office space at Merchantile Square at 1550 Wynkoop Street in Lower Downtown. The relocation is expected to be completed in July. 
Zipcode: 80202

Former CU Medical Center Site has New Developer

Published on: 05/14/2013
Source: Denver Post
The former University of Colorado Medical Center property in east Denver has changed developers again. The 28-acre site is located on Colorado Boulevard between East 8th and East 11th avenues and Clermont Street. The latest developer chosen by CU to redevelop the site is Lionstone Group of Houston, which replaces Fuqua Development. The concept for the site calls for a mixture of retail and residential uses. .  
Zipcode: 80220
Link: http://www.denverpost.com/breakingnews/ci_23243109/lionstone-group-takes-control-redevelopment-old-cu-hospital?source=rss

Castle Rock Creates Urban Renewal Authority

Published on: 05/14/2013
Source: Castle Rock News-Press
The Castle Rock Town Council approved the creation of an urban renewal authority. The action allows property owners to request inclusion in an urban renewal district . If the authority approves such a request the property could then qualify for the use of tax increment financing to facilitate redevelopment. 
Zipcode: 80109
Link: http://www.ourcoloradonews.com/castlerock/news/castle-rock-approves-urban-renewal-authority/article_fa78840c-bcc9-11e2-89c1-0019bb2963f4.html

Woodspear Buys Englewood Apartments

Published on: 05/14/2013
Source: CoStar Group
Woodspear Properties bought Royal Manor, a 91-unit apartment property at 640 to 740 East Jefferson Avenue in Englewood. The 51-year old property was sold by Newcastle Properties for $5.5 million, or about $60,000 per unit. Steve Rahe and Thomas Wanberg of Transwestern represented the seller. 
Zipcode: 80113
Link: http://www.costar.com/News/Article/Woodspear-Properties-Pays-$55M-for-Royal-Manor-Apts/148372?ref=/News/Article/Woodspear-Properties-Pays-$55M-for-Royal-Manor-Apts/148372&src=rss

H&M to Open Store in Lakewood

Published on: 05/13/2013
Source: Denver Post
H&M will open its fifth metro Denver store this fall, leasing 23,000 square feet at the Colorado Mills mall on West Colfax Avenue at Indiana Street in Lakewood. The clothing company is based in Sweden and known officially as Hennes&Mauritz. 
Zipcode: 80401
Link: http://www.denverpost.com/breakingnews/ci_23232406/h-amp-m-open-store-at-colorado-mills?source=rss

Littleton Council Rejects Apartment Moratorium

Published on: 05/13/2013
Source: Littleton Independent
The Littleton City Council rejected a proposed moratorium on apartment development offered by a community group. The Citizens for Rational Development group supporting the moratorium may now seek to place it on the ballot for a public vote. 
Link: http://www.ourcoloradonews.com/littleton/news/rezoning-moratorium-is-non-starter/article_26b7dfda-bc0d-11e2-a2a0-001a4bcf887a.html

Marriott to Build Hotel at Fitzsimons

Published on: 05/10/2013
Source: Denver Business Journal
Marriott International announced that it will operate a planned 200-room hotel and conference center in northeast Aurora, across from the Fitzsimons Medical Campus. The hotel will be part of Block 21, a mixed-used project recently announced for a site at East Colfax Avenue and Potomac Street by Waveland Ventures LLC. The hotel developer will be Jackson Street Holdings LLC of Milwaukee along with Arrival Partners LLC 
Zipcode: 80011
Link: http://www.bizjournals.com/denver/news/2013/05/10/marriott-signs-on-with-fitzsimons-area.html?ana=RSS&s=article_search&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+bizj_denver+%28Denver+Business+Journal%29&utm_content=Google+Reader

New Developer Announced for Aurora Hotel

Published on: 05/09/2013
Source: Aurora Sentinel
An on-again, off-again hotel and conference center project in Aurora has a new developer. The $800 million, 1,500-room facility on East 64th Avenue near Denver International Airport has gone through several developers and operators since it was first announced. The project now is slated to be operated as a Marriott and developed by RIDA Development Corporation of Houston. The new schedule calls for the complex to open during the second half of 2017. Originally proposed by Gaylord Hotels, the project ran into difficulties during the Great Recession. Its application for State of Colorado tax incentives was also controversial since the conference center was seen as a competitor to existing Denver facilities.   
Zipcode: 80019
Link: http://www.aurorasentinel.com/news/aurora-officials-say-houston-developer-will-build-massive-800m-hotel/
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