Real Estate Blog
Engineering group calls for statewide flood plan, minimum development standards post-Harvey
Instead of planning for flood events mostly at the local level, the American Society of Civil Engineers called for a statewide plan and minimum standards to manage flood risk from new developments across Texas in its post-Harvey report presented Aug. 15.
Andres Salazar, a principal at Walter P. Moore, said a coordinated approach makes sense rather than focusing on flood control within individual jurisdictions. Through a watershed approach, upstream development will also factor in downstream users,…
Morrison neighbors to fight already-approved housing development at ballot box amid land squeeze around Denver
MORRISON — Pushback against new construction in metro Denver is nothing new.
But what’s happening in Morrison — where voters will soon have the opportunity to undo already-approved plans for a 1,350-home community at the doorstep of the historic town — is a sign that robust growth on the Front Range isn’t going to continue unchecked without a fight.
The upcoming ballot measures to derail the Red Rocks Ranch project at the northeast corner of Morrison Road and C-470 come on the heels of a vote last summer by residents in Greenwood Village to scrap a plan to zone a 44-acre area near the Orchard Station light rail stop for a dense, mixed-use project. It also follows a threatened effort in Castle Rock in 2016 to require that annexations larger than 5 acres go to a vote of the people.
Jeff Whiton, CEO of the Home Builders Association of Metro Denver, said resistance to development at the ballot box is “becoming more prevalent” as traffic congestion worsens and land is in increasingly sho..
Centennial’s Innovation Pavilion silent in new CEO announcement about recent sexual assault allegations against founder
Helen H. Richardson, Denver Post file photoVic Ahmed, chairman of Innovation Pavilion, middle, is pictured with Suzy Gutierrez, left, and Kerrianne Leffew, at the company’s Centennial headquarters on June 4, 2015. Ahmed stepped down in May after Gutierrez accused him of sexual assault in a lawsuit.It’s been more than two months since Innovation Pavilion founder Waqar “Vic” Ahmed resigned from the business incubator and co-working space after a former employee filed a lawsuit accusing him of sexual assault.
The Centennial company has since named interim CEO Kitty Kolding Ahmed’s permanent replacement. In a July 31 news release from Innovation Pavilion Kolding’s appointment is described as part of “key changes to its leadership structure that took effect this past month.”
The release doesn’t say what triggered those changes. The nearly 500-word statement does not mention Ahmed or the lawsuit that described him as a “serial predator” at all.
For Steven Silvers, a corporate reputation a..
Cherry Creek mother-daughter title company execs indicted for allegedly stealing $733K in client funds
The mother-daughter owners of a pair of shuttered Cherry Creek title insurance companies were to be arraigned Monday on more than a dozen felonies — including racketeering charges of running a criminal enterprise — that allege they pocketed more than $733,000 from policyholder escrow accounts.
The women — Elizabeth Newell-Williams, 65, and her daughter, Michelle Hernandez, 45 — were indicted by a state grand jury in June and have been free on bond awaiting their arraignment in Denver District Court before Judge William Robbins.
They face lengthy prison terms if convicted on charges ranging from theft and computer crimes, to failure to pay taxes and racketeering conspiracy. The women nor their attorneys responded to messages from The Denver Post.
The Colorado Division of Insurance revoked the licenses of both women shortly after it began its investigation in early 2016 into transactions between more than a dozen different bank accounts the pair had used to run Foresight Title and Wil..
Construction likely for fall on proposed Alabaster shopping center
Dirt should start moving this winter on a proposed shopping center in Alabaster.
Alumni Properties will close on the property for the proposed 75-acre District 31 shopping center in October, and construction crews should be on site shortly after, according to the Shelby County Reporter. The site will include a 55,000-square-foot Hobby Lobby as an anchor tenant.
Alumni President and CEO Keith Owens is spearheading the project off Interstate 65 at the 238 exit and hopes to have the ground clear…
Exclusive: Prison operator moving HQ out of Nashville
The move would inject another headquarters into the region's longtime corporate hub.
Bucks arena contractors beat local and minority hiring, small business goals
Contractors exceeded their goals for hiring minorities, women and Milwaukee residents on the construction of Fiserv Forum in downtown Milwaukee, according to the project’s director.
The Milwaukee Bucks arena project is in its final stages. The most recent reports tracking those stats show it beat hiring goals, and benchmarks to hire small businesses, said Mike Sorge, project director and construction executive at M.A. Mortenson Co. He credited the success partially to town hall meetings that were…
Luxury St. Matthews car dealership to get multimillion-dollar upgrade
It'll be a whole new look for the dealership.
Google is growing again in Amazon’s backyard
Vulcan is already building four Google office mid-rises topped with apartments near Amazon.com's headquarters campus.
Report: Massport CEO Tom Glynn to step down
Massachusetts Port Authority CEO Thomas Glynn reportedly plans to step down after six years leading the agency, which oversees Boston's Logan Airport and has also helped to spearhead commercial real estate development in the city's Seaport District.
The Boston Globe reported that Glynn plans to leave Massport in November, one year before his contract had been scheduled to end. The agency's board is scheduled to hold a special meeting at 1 p.m. Wednesday to discuss “personnel (retirements, resignations,…