Elements would relocate and buildings at 2495 and 2501 Blake St. would be replaced with a seven-story, 385-unit apartment complex.
Ballpark office furniture firm under contract to sell property to developer
Thomas Gounley
Thomas covers commercial real estate and development. He is a graduate of the University of New Hampshire and previously worked as a business reporter at the Springfield News-Leader. Email him at thomas@BusinessDen.com.
134 undeveloped acres by DIA sell for $18M at bankruptcy auction
The seller, who bought the site for $2.1 million in 2018 and spoke of building a 1,000-home, amphitheater-anchored community, ended up filing for Chapter 11.
Beacon pays $291M for downtown office tower
The 22-story building was completed in 2010 by Denver-based Westfield, which sold it for $213 million in 2011 to last week’s seller Invesco.
Frank Azar strong arms CPAs with lawsuits over tax fiasco
The personal injury lawyer said he owed $786 for 2017, according to court documents. The IRS said he owed closer to $700,000.
‘Storage Castle’ on Colfax Avenue sells for second time in a century
The last deal for the building built in 1926 was in the 1970s. The new owners plan an interior renovation, but the exterior will remain the same.
Sports bar owner by Mile High sells adjacent land for $6M
A seven-story, 216-unit apartment complex is planned. The deal didn’t include The Original Brooklyn’s building and the tavern will continue to operate.
Renovations planned as four-story LoDo office building sells for $8M
It’s only about 25 percent leased but that was attractive. “We’re deep-value guys, so we like vacancy,” said the buyer.
Matt Joblon sells hotel in Cherry Creek for $51M
RLJ Lodging Trust paid about $301,000 per room for the 170-room hotel, which opened in 2017 as the neighborhood’s cheaper lodging.
Third law firm leases space at Denver’s newest skyscraper
It will join Sherman & Howard and Haynes and Boone at Block 162, the 30-story building at 675 15th St.
Judge in Amazon-Watson case ‘reluctantly’ recuses himself
“Perception of the fair administration of justice … is of the highest importance to the court,” wrote Liam O’Grady, whose wife had owned about $22,000 worth of Amazon stock.
