Real Estate Blog

When new owners purchased the Sheraton Denver Downtown hotel last year, they promised to invest in the 59-year-old giant on the southeastern end of the 16th Street Mall.

Not a year later, the promised investing has begun. Tuesday marked the official kickoff of an $80 million renovation project will touch every corner of the hotel, including all 1,231 of its guest rooms.

“I think the timing is phenomenal,” said Tony Dunn, the hotel’s general manager for the past six years. “This city has incredible (hotel) products. Unfortunately, mine is one of the most tired. We haven’t had the capital to invest. Now we have owners that are willing to step up.”

The first act of the nine-month overhaul starts this week with the five, 18-foot-tall ballerina statues stationed outside the hotel’s front entrance exiting stage right. The elongated dancers, which have welcomed guests to the Sheraton since 1997, will be resurrected in the Denver Arts District on Santa Fe south of downtown.

In their place,..

McGinnis Lochridge is the latest law firm to announce it will move its local office into 609 Main at Texas, a downtown office tower that Houston-based developer Hines opened in 2017.

The firm's Houston office currently is at 711 Louisiana St., suite 1600. The move will be official Sept. 4, and McGinnis Lochridge will occupy 14,000 square feet at 609 Main St., suite 2800, according to a press release.

Anthony Fritsche with Fritsche Anderson Realty Partners and HPI Tenant Advisors represented McGinnis…

The plans call for 100,000 square feet of office space and 8,600 square feet for restaurants.

A long-boiling controversy came to a head this week with a City Council vote.

The company is currently located on a 7,626-square-foot lot on Dillingham Boulevard, across from the Blood Bank of Hawaii, and has outgrown its space.

A 181-key Embassy Suites hotel planned for Atlantic Station has secured construction financing.

Canyon Partners Real Estate LLC announced it will provide a $38.7 million loan for the six-story hotel, set to rise at 17th and State streets. Horizon Hospitality Management Inc. is the developer.

The hotel will feature 3,000 square feet of meeting space, an indoor swimming pool, fitness center and a ground-floor restaurant. The project is expected to open in January 2021.

Lindsay Pope Brayfield Clifford…

The new owner's plan for the Castle on the Hill was not immediately known, a city representative said.

The City and County of Honolulu, which issued a request for qualifications for a potential private partner in the $772 million redevelopment of the 55-year-old Neal S. Blaisdell Center, is holding a public informational hearing on the process next week.

The city posted the RFQ last month and gave potential bidders a deadline of Oct. 31 to submit qualifications to design, build, finance, operate and maintain the redeveloped civic center, which sits on 22 acres of land bounded by Ward Avenue, King…

Redwood City's leaders are imposing new rules that add an additional hurdle in the city's permit approval process for the development of large new single-family homes, the Mercury News reports, though the new rules stop short of going as far as the Planning Commission's recommendation to place an absolute ban on single-family homes above a certain size.

The City Council voted unanimously Monday night to approve the new ordinance, which requires new homes 3,000 square feet or above or those that…

Construction on KB Home's massive housing development in San Jose's master-planned Communication Hill area has been shut down for weeks due to concerns about elevated asbestos levels at the site, local CBS affiliate KPIX 5 reports.

“Some of the readings were above the air district guidelines for airborne asbestos,” Matt Loesch of the San Jose Public Works department told the station. “So within a few days we thought it best to shut down the jobsite so we can perform some dirt mitigation.”

It's…