A DTC hotel fetches $12M, and other local sales and leases.
Commercial Real Estate
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The Pipeline: Commercial real estate deals for 3.29.24
Coding school ordered to pay $450K to its downtown landlord
CIM Group sued the Turing School of Software and Design for back rent at 1331 17th.
Zeppelin decries ‘predatory lending’ as Wells Fargo seeks Zeppelin Station receiver
The RiNo office building, just six years old, houses the headquarters of Alterra, as well as a food hall. “This is not a situation of a loan that’s termed out or substantially un-leased,” the developer said.
Architect firm says it’s owed $350K for designing Pearl Street hotel in Boulder
It wants to foreclose on 1727-1737 Pearl, which Confluence Capital bought for $4 million.
Monfort forced to ‘play defense’ after Historic Denver bid to save Pec building
Monfort said he sees Tom’s Diner as a cautionary tale. “We’re staring down the barrel of the same situation here.”
‘The market is moving, just slower than we want’: Quantifying 2023’s drop in deals
Last year saw only $894 million in Denver-area office building sales, down from $2+ billion in years prior.
14 Denver projects win 2024 Mayor’s Design Award
A school-turned-hotel and a school-turned-apartment-building were among the winners.
Judge tells developer to pay architect $183K for its Colfax work
A $150,000 settlement fell through when Leon Cisneros didn’t pay Oz Architecture.
Developer says it was pushed out of Lincoln Park project by hedge fund
Madelon Group is accusing Blue Room of fraud at their 8th Avenue apartment project.
The Pipeline: Commercial real estate deals for 3.22.24
Denver industrial property fetches $73M, Lowry apartment complex sells for $51M and other sales and leases.
