Real Estate Blog

As a redevelopment boom has swept across downtown Denver over the last 25 years, one nook of the city’s core has been left largely untouched. Until recently, anyway.

The area in question, where the northeastern reaches of the central business district connect with Five Points and the Union Station neighborhood, is known among the development and urban planning set as “Arapahoe Square.” And one of its most anticipated redevelopment opportunities just hit the market.

Intercity bus service provider Greyhound Lines announced Wednesday it is looking to sell its terminal property at 1055 19th St.

The parcel is likely to fetch a sizeable sum. The nearly 2.5-acre site carries a downtown core district zoning. That means the future owner will have the right to build as high as 400 feet there, a detail highlighted in a news release from JLL, the real estate services firm marketing the property on behalf of Greyhound.

“Acquiring a full city block in this excellent location with such liberal z..

Property valuation notices are going out, and most homeowners in metro Denver should see tamer increases than the big shocking ones that hit them this time in 2017, according to county assessors.

But the hunt for affordability continued to drive double-digit annual gains in some areas. And apartment building owners are getting socked with 40 percent increases in some counties, which could drive up rents in the future.

“While property values continue to rise across the greater metropolitan region, growth is beginning to moderate here in Denver. The majority of the city’s assessed neighborhoods saw lower increases than they did during the 2017 valuations,” said Denver Assessor Keith Erffmeyer, who hosted a news conference with other assessors detailing the new property valuations.

Every two years, county assessors in Colorado must estimate property values and send out a notice of valuation. Those values are part of the formula used to determine the size of the property tax bills that ..

Home price appreciation in metro Denver slowed to a 4.7 percent annual pace in February, down from a 5 percent pace in January, according to the latest release of the S&P CoreLogic Case-Schiller Indices.

Momentum is slowing across the country, with the national index dropping to a 4 percent annual gain in February compared to a 4.2 percent gain in January. Of the 20 metros tracked, 19 reported a slower rate of increase. Tampa was the exception.

“Slowing U.S. home price growth has primarily been driven by affordability constraints in a few of our largest, most expensive housing markets. And while we’re not in a buyer’s market yet, several Pacific Coast markets are on the cusp of seeing the first annual declines in home prices since 2012,” Ralph McLaughlin, deputy chief economist at CoreLogic, said in comments accompanying the report.

RELATED: In Denver housing market, what was hot is now cold. See where your ZIP code ranks in home prices.

Denver’s gain ranked fourth, in a tie with A..

After building a reputation for creating limited-time-only events and here-and-gone, pop-up bars, Josh Sampson is breaking character and setting down roots in RiNo.

The northwest corner of 28th and Walnut streets is in a state of flux as Sampson, the co-founder of Denver events company Gum Pop Presents and the creative director behind The Big Wonderful festivals and Denver Bazaar pop-up markets, goes through his transition.

Gone is BOOZ Hall RiNo, the short-term bar concept that opened at 2845 Walnut last summer offering tasting rooms and sales counters for Colorado winemakers and distillers. Its bright pink exterior is gone, too.

A new business dubbed the RiNo Co-op is under construction there, Sampson said. It will maintain tasting rooms for moonshine maker 3 Hundred Days of Shine and Jack Rabbit Hill Farms winery and cidery. It will also be the home of Denver Bazaar’s permanent retail arm, which will sell goods from 35 vendors. Co-working space, a coffee shop and an art gallery w..

Legislation that would have allowed local governments to implement rent control for the first time in decades died a quiet death in the Colorado Senate on Tuesday.

Senate Majority Leader Steve Fenberg, a Boulder Democrat, asked late Tuesday morning that Senate Bill 225 be laid over until late this week, effectively killing the bill’s chances of passage this year. Lawmakers are on a tight deadline to approve all remaining legislation by Friday.

The bill would have repealed a 1981 law that prevents cities and counties from controlling rent on private houses and housing units, such as apartments. It narrowly passed out of a Senate committee earlier this month on a 3-2 vote. Only Democrats sponsored the bill and voted for it.

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Millions of consumers turn to Angie’s List, part of Denver-based ANGI HomeServices, for help with home repairs and other services. But The Consumer Federation of America (CFA) warned Monday that the contractor recommendations consumers receive come with a tool belt full of conflicts.

“If you use Angie’s List, ignore their recommended companies,” advised Stephen Brobeck, a senior fellow at the CFA and co-author of a report on the company, the first in a series on service providers the group is conducting

Angie’s List, founded in 1995 and based in Indianapolis, relied on a subscription model before IAC bought the company in October 2017 and merged it with HomeAdvisor. IAC shifted to an advertising model that gives preference in website placement and in referrals to businesses or “pros” who have paid the company money.

Only advertisers are described as “top-rated pros,” and they are always listed ahead of those contractors who don’t advertise, Brobeck said. Three to four pros, always a..

Tech giant Amazon is growing its Denver footprint in a big way, taking on 98,000 square feet of space in a downtown office building to accommodate 400 new jobs it is creating in the metro area.

The Seattle-based e-commerce company — born selling books online, but with its fingers in seemingly everything these days — plans to hire the battalion of new workers to meet needs in its software and hardware engineering, cloud computing and advertising businesses, according to an announcement Tuesday morning.

The growth will more than double the company’s tech-side presence in the metro area. Amazon says it has 350 office workers in what it calls its “Denver tech hub” today. That includes people working in an advertising-focused office that opened in Boulder last year and in a temporary office in downtown Denver. Of the 400 new positions, most will be in Denver, but some will be stationed in the Boulder office, Amazon officials said Tuesday.

To make way for all the new hires, Amazon is read..

The private equity firm that owns the Westin Harbour Island is doubling down on downtown Tampa.

Troy wants a developer to take down two boarded-up former public housing towers on the city's waterfront and build something new in their place.

The Troy Housing Authority will issue a request for qualifications to demolish and replace Buildings 1 and 2 of the John P. Taylor Apartments, according to the Times Union.

Thomas Hulihan, the authority's director of planning and program development, told the Times Union it could select a developer within a couple of months and start work this year.

Read…

Apple Inc.'s conversion of Carnegie Library for its new flagship store is nearly complete, and we now have an opening date: May 11.

The tech company announced Wednesday the store will open at 10 a.m. that Saturday, as will the D.C. History Center, the revamped headquarters of the Historical Society of Washington, D.C.

We knew the opening was imminent; Apple (NASDAQ: APPL) said in its first quarter earnings report it was aiming for a late-spring opening and just last week it received its certificate…