Real Estate Blog

Up to 147,800 jobs lost over the next 12 years. Up to $1.1 billion in forfeited tax revenue for state and local governments in that time. In all, up to $141 billion in lost oil and gas production in Colorado by 2030.

That is the dire economic forecast often touted by opponents of Proposition 112 — the ballot issue that calls for increasing the minimum distance for new oil and gas wells from homes, schools, rivers and lakes to 2,500 feet — should the measure pass on Nov. 6. More than four out of every five non-federal acres in Colorado would be off-limits to new drilling under the stricter setback, the Colorado Oil and Gas Conservation Commission estimates.

The economic numbers come from a report issued earlier this year from a consortium of business groups led by the Common Sense Policy Roundtable, with numbers checked by faculty at the Colorado School of Mines.

Colorado Rising, the group behind Proposition 112, calls the job loss claims a “scare tactic” and the economic impacts of ..

Denver officials last week put out a call for developers who can deliver projects that will meet affordable housing and community support goals at two city-owned sites along East Colfax Avenue.

One of those locations, a former PT’s strip club at 8315 E. Colfax and a connected parking lot at 1500 Valentia St., is being eyed for a mixed-use project, at least half of which must be reserved for low-income apartments reserved for people making 80 percent of the area median income or less.

The other parcel, a former bar turned vacant lot just few blocks to the west at 7900 E. Colfax, is slated to become a permanent supportive housing project for people who previously experienced homelessness once the city finds that right partner to take it on.

“One of the things we have heard loud a clear from development community was that land was hard to come by,” Doug Selbee, the city’s housing manager, said of the two sites, purchased by the city in 2017 at a combined price of $1.95 million. “We’re..

Austin real estate wunderkind Nate Paul has added to his downtown Austin portfolio by purchasing the site of the old Carmelo's Italian restaurant on Fifth Street. Here's what he plans to build.

WeWork continues its Bay Area leasing spree with another San Francisco location while also expanding north and south of the city.

The 110 Atrium building is 97 percent occupied, with leases for most of the space expiring in the coming years when rents are expected to soar.

Landlords have been dealing with multiple chains and department stores closing over the last five years or so. At one point, Pennsylvania Real Estate Investment Trust had 27 Sears in its mall portfolio.

The combined building permit values in the Orlando area were $5.82 billion through August this year.

Cambria Hotel College Park is now open, delivering another upscale lodging option for visitors to the University of Maryland and the surrounding area.

The 150-room hotel, at 8321 Baltimore Ave., features multifunction meeting spaces, a fitness center and onsite Orangetheory Fitness Studio for members, “spa-like bathrooms with Bluetooth mirrors,” and the College Park Grill, a full-service restaurant with wood-fired ovens and grills.

It is the second Cambria in Maryland, after Rockville, and…

A proposed riverfront condominium tower that would be the state's tallest residential building cleared a key hurdle before Minneapolis officials on Monday.

The Star Tribune reports that the Minneapolis Planning Commission OK'd the Eleven condo tower from Ryan Cos. US Inc. and Arcadia LLC, which likely clears the way for construction to begin early next year.

Approval was expected, as the Business Journal reported last week. Minneapolis-based Ryan and Edina-based Arcadia have already gotten a letter…

A fourplex property in St. Paul that once was home to students and faculty at Concordia University before being bought by a business owned by the wife of the college's president is back on the market — at four times the price.

The Pioneer Press reports on the new listing for 1287 Dayton Ave., which is owned by Susan Ries Interiors Inc. The company is the interior decorating business owned by Ries, the spouse of Concordia University President Tom Ries, who has led Concordia since 2011 and plans…