Commercial Real Estate

With no buildings left to buy, investor Ira Lang plans to build three retail sites along busy street

The deal comes just weeks after the Denver development company sold a recent retail redevelopment on Tennyson Street.

The new owner wants to either turn the rundown Colfax hotel into micro units or scrape and build something new.

But the gaudy per-square-foot rent figures don’t come without some extra investment and a bit of risk.

The broker who sold the complex described Sloan’s Lake as, “Becoming the next Wash Park. That sort of revitalization has started taking place already, and still has lots of room to grow.”

A Cherry Creek developer scooped up another lot with plans to add condos next to a recent office development.

With a little lipstick and divine timing, a Denver megachurch doubled its money on a building it never wanted anyway.