The owner bought it for $420,000 in 2012, then took out $4 million in loans on it between 2018 and 2022.
Foreclosures
Troubled towers: Breaking down Denver’s distressed office properties
We scoured county foreclosure records, third-party reports and court filings to determine the downtown buildings that have run into trouble since the pandemic.
Lender initiates foreclosure on DTC office building
A receiver was appointed to oversee the building last month.
Hotel development site near DIA enters foreclosure
The project has not broken ground, but the owner is wrapping up construction of a separate hotel next door.
Uptown’s El Jebel Shrine in foreclosure for second time in three years
Developers, including Donald Trump in the mid-2000s, have for years floated the notion of a tower on the adjacent parking lot.
Lender owed $20M initiates foreclosure on DTC office building
The Solarium building has been in receivership since January.
Von Miller drops bid to foreclose on former mansion near Broncos HQ
Does Oluwole Jolaoso regret paying $3.7 million for the 19,000-square-foot home in Foxfield? “Of course I do.”
Lender seeks millions from Focus after DTC office foreclosure
Bahman Shafa’s firm has failed to turn over tenant security deposits, a new lawsuit claims.
Coworking chain expects to give downtown tower back to lender
Trinity Place is the third downtown office tower to enter foreclosure since the pandemic began.
Lender submits sole foreclosure bid for Focus office complex in DTC
The local firm bought the property literally weeks before the onset of COVID-19.