The Royal Palace Motel closed over a decade ago. The property’s seller paid $850,000 in 2004.
Commercial Real Estate
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Developer pays $7M for shuttered motel site at Colfax and Colorado
$60M apartment project in Lakewood ‘all but abandoned,’ lender says
A 350-unit project “has come to a standstill due to infighting,” lawsuit alleges.
Media entrepreneur bringing ‘scrappy’ retail redevelopment approach to Arvada
Ben Jones, who previously did a project along Tennyson, is moving his video production firm from LoHi as part of the effort.
DTC office building owner defaults on $20M loan
The Solarium building’s lender last week requested a receiver and said it intends to foreclose.
$89M Post building buy gets 9-4 nod from council, but financing vote remains
“The taxpayers have bailed out Republic Plaza, with no benefit to them,” one councilwoman said.
Pinnacle Real Estate Advisors hires two for leadership roles
The new president and managing director previously worked at CBRE, Newmark, Cushman & Wakefield and other firms.
Trial starting Tuesday pits former real estate partners against each other
Flywheel Capital’s former co-owners have spent years in “grueling litigation.” Jurors will now decide which is right.
New X Denver 2 complex in Arapahoe Square faces $20M in liens
A new Arapahoe Square apartment tower has nearly as many liens as it does floors. Fourteen firms have active liens filed against a Chicago-based developer’s X Denver 2 project at 2100 Arapahoe St., public records show. The firms collectively say they’re owed north of $20 million and range from the general contractor on down to… Read more »
Auto auction firm to redevelop Bandimere Speedway property
Copart wants the site, which hosted its final races in October, to be annexed into nearby Morrison.
Two robots are patrolling downtown Denver parking garages. Are more coming?
LoDo Towers leased two robots in 2022 to address crime in parking garages.
