Online auction draws multiple bidders for Littleton flex building
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Just how far should Colorado go to lure Amazon’s HQ2? Debate over incentives, transparency intensifies.
As the early March deadline approaches for Colorado and 19 other finalists hoping to land Amazon’s second headquarters, the debate over whether they should incentivize the Seattle retail behemoth has intensified.
Some of them are offering billions of dollars worth of economic incentives. Colorado’s pitch to make Denver the next HQ2 is estimated to be in the $100 million range. But few finalists, including Colorado, have revealed exactly how much they offered Amazon. And that has fueled campaigns to smack local governments for offering taxpayer-funded incentives to a company that sold $177.9 billion worth of products and services last year.
Any amount is too much, said Geoff Holtzman, who is with the Koch family funded Generation Opportunity. The conservative political group, representing millennials, this week launched a social-media campaign to oppose such corporate deals.
“Americans, especially young people, believe in the concept of fairness, and there is really nothing fair when..
Loveland developer planning 208-unit apartment project in Longmont
Lewis Geyer, Times-Call“Sold” sign in front of a new foundation for a home on Sicily Circle in Longmont Sept. 12, 2017. Another 208 unit apartment complex is being planned near Front Range Community College.Growth around Longmont’s Creekside Business Park continues with plans from a Loveland-based real estate firm to build a new multi-family housing community on a 8-acre plot adjacent to the Front Range Community College’s Boulder County campus.
The proposed 208-unit project, to be developed by McWhinney Real Estate Services Inc., will be called Creekside Silo and is expected to include a mix of apartments and townhomes, according to Longmont’s active development log.
The aim of the project is “create an attractive apartment community that is representative of modern architecture and amenities but is in-keeping with the natural and built environments surrounding it,” McWhinney’s multifamily development director Kirsty Greer wrote in a letter to Longmont city planning staff.
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Fed up with Bay Area traffic, politics and high prices, a landlord decided to sell his properties and move to Colorado. His tenants are coming with him.
SAN JOSE – Tony Hicks moved to San Jose in 1981, but he’s had enough.
Hicks told his 11 tenants he would soon place the three homes he owns on the market. He expected disappointment. Instead, most wanted to move with him to Colorado.
“It didn’t take them long,” Hicks said. “I was surprised.”
Rising prices, high taxes and his suspicion that the next big earthquake is just a few tremors away convinced the retired engineer to put his South San Jose properties up for sale.
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Can redevelopment help preserve a neighborhood’s soul? Uptown Denver’s main street straddles the line between its roots and the city’s ongoing boom
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Dallas investors plunk down $28 million for “Lego” building in Aspen
The Aspen TimesLocated at 535 E. Hyman Ave., the so-called Lego building in downtown Aspen sold for $28 million.A Dallas-based group has paid $28 million for an off-market, downtown Aspen commercial property nicknamed the “Lego building.”
Stephen Summers, the operator-manager of the CT018 Aspen LLC partnership, which closed on its acquisition of the 535 E. Hyman Ave. building Wednesday, said the wheels are in motion to bring retailers into the 20,000 square feet of commercial space that has been mostly vacant since it was built in 2015.
The corner building currently is home to the luxury fashion boutique Mr & Mrs Italy on its ground level and the yoga studio Aspen Shakti in its basement space.
“We thought that location is on the 50-yard line, and they just need to get some activity,” Summers said.
Summers also was instrumental in attracting Austin, Texas, restaurateur Larry McGuire and his partners to Aspen. Last year, McGuire and investors paid $2 million for the Little Annie’s bu..
Can redevelopment help preserve a neighborhood’s soul? Uptown Denver’s main street straddles the line between its roots and the city’s ongoing boom
East 17th Avenue has been known for several things over the last century or so: a streetcar line, the city’s “restaurant row” and a concentration of LGBTQ bars and hangouts.
Now, as highlighted by some notable building vacancies and one big redevelopment project, the street is a thoroughfare straddling the line between new and old in Denver’s Uptown neighborhood.
It is insulated from downtown-scale density by zoning rules that cap most buildings along its curbs at eight stories and 110 feet tall east of Logan Street. But there has been recent speculation that 17th Avenue, harboring a number of ever-rarer surface parking lots and set to welcome its tallest building in years in 2019, is ripe for a wave of new max-height structures and/or developers seeking zoning variances from the city to go higher. It’s a prospect that excites some and worries neighbors hoping the storied street can stay true to its low-slung, 20th-century roots amid Denver’s ongoing reach for the sky.
“I’m concerne..
Omaha bank with KC presence drops NRA-branded credit card
After facing backlash from a group advocating for a reduction in gun violence in Nebraska and beyond, First National Bank of Omaha announced that it would not renew a branded credit card deal with the National Rifle Association.
According to the Lincoln Journal Star, Nebraskans Against Gun Violence asked the bank to take a stand against gun violence by ending its NRA promotions.
“If you decide to continue offering benefits to NRA members, we intend to organize a public protest of your bank and…
Karmaloop founder Greg Selkoe puts Back Bay condo up for sale for $10.5M
Greg Selkoe has always been a Boston guy.
But the entrepreneur behind the rise and public fall of streetwear e-retailer Karmaloop, recently put his $10.5 million Back Bay condo up for sale after moving to Los Angeles with his wife and two children last year.
Selkoe, who founded an online apparel startup last September called Wanderset LLC, previously ran Karmaloop for about 15 years to a peak revenue of about $150 million in 2013 before financial trouble led to bankruptcy and a public battle…
Form D Friday: E-commerce investor may tap robotics tech to help online shoppers
Welcome back to Form D Friday, where we sift through local regulatory filings each week to see who’s raising capital for a new project, a new investment idea, or to simply expand their business.
Form Ds don’t typically have a lot of details, but they do provide an early glimpse at what investors and business owners are planning. Where we can, we’ll track down some additional tidbits from filers. If you have any tips or comments about new fundraises, drop me a note at [email protected].
This…
Steimer Says: Hoping for optimism in Memphis
Memphis’ economy needs more hope.
The city is coming off a strong 2017: Its real estate sector is surging, and its unemployment rate remains about as low as it’s ever been.
And yet, only 42 percent of the Federal Reserve Bank of St. Louis’ Memphis contacts reported that they expect local economic conditions to be at least somewhat better heading into 2018 than they were in the previous year.
The same contacts expressed even lower confidence in early 2017 — pessimism that ultimately was…