Real Estate Blog

The metro area’s residential market remains on an upswing.

Homes continue to move fast in many areas of the metro, due in large part to short supply in many areas of high demand.

Behind those trends is a group of talented industry professionals shaping the local residential real estate scene.

In this special feature, we’re helping readers get to know the faces behind the companies. Our Who’s Who in Residential Real Estate includes the top executives for the largest local residential…

Dayton developer Scott Laubie, of Woodard Development, said recent investments in housing, office, retail, restaurants and a hotel, have put the downtown corridor “at the top of the list” for both newcomers to the Dayton region and long-time residents.

This week’s on the market takes a look at some of the most expensive homes in Town & Country.

5 Rutherford Lane, $3.7 million: This five-bedroom home five full bathrooms and 3 half-bathrooms. Totaling 6,900 square feet, this English Country Manor home includes a pool, waterfalls, a patio, guest quarters, heated floors, and an eat-in kitchen with custom cabinetry. The home’s basement includes billiards, table tennis, a gym and office.

13659 Mason Heights Road, $3.5 million: Sitting on a 2.5-acre…

Denver’s most storied hotel has been sold for the second time in four years.

Crescent Real Estate LLC, based in Fort Worth, Texas, announced this week that it closed on a deal to buy the Brown Palace Hotel and Spa. The 241-room palace has stood at the northwest corner of 17th Street and Broadway in downtown Denver for 126 years. It is considered by many to be the pinnacle of hospitality in the Mile High City.

A Crescent spokesman, reached Friday, declined to say what the company paid. The purchase also netted the company the 231-room Holiday Inn Express, across the street at 401 17th St.

“Acquiring the Brown Palace Hotel and Spa is another rare opportunity to own and operate a timeless and iconic hotel asset in a robust market for tourism and commercial business, Downtown Denver,” Crescent co-CEO Conrad Suszynski said in a news release.

The sale marks the second time since the spring of 2014 that the four-star hotel — with a guest registry that includes presidents, rappers and pri..

On paper, the plans Jeff Hermanson and partners floated in February to redevelop a historic block of Denver’s Lower Downtown offered lots of upside for a maturing city. The longtime restaurateur and commercial real estate pro talked about adding affordable housing, something the city’s elected leaders have been pushing for downtown for years. Plans called for rooftop gardens likely to please the 54 percent of city voters who passed a green roof initiative last fall.

There was a catch. A big one. Hermanson, the CEO of Larimer Associates, was talking about redeveloping Larimer Square, a collection of buildings he owns in the 1400 block of Larimer Street in LoDo that also represent the city’s first and most storied historic district. Opposition from preservationists, city leaders and others catalyzed with speed.

A few months after unveiling them, Hermanson and his team have spiked — or at least paused — those plans, which called for two new buildings likely to dwarf their historic and l..

UCHealth announced Wednesday it is opening a lab and development space dedicated to health care innovation inside the River North neighborhood’s Cataylst HTI building.

The Aurora-based health care provider will be an anchor tenant at the soon-to-open, health-tech innovation project, according to Catalyst HTI co-founder Mike Biselli. The nonprofit will occupy 17,500 feet there — the entire seventh floor — and have a sign on the front of the building.

When it moves in either later this year or in early 2019, UCHealth will bring roughly 65 employees into a “next-generation workspace” designed to foster collaboration and new ideas, UCHealth officials say. The staff will include doctors, nurses, IT professionals and members of the marketing team.

“What we’re doing really is setting a path to think about how we best work with other innovators in the industry to fundamentally alter how health care is delivered,” Dr. Richard Zane, UCHealth’s chief innovation officer, said of the new space i..

Pro sports franchises generally build rosters. Occasionally they build practice facilities, sometimes stadiums, arenas or ballparks. The Colorado Rockies are primed to be the first Denver team to make the jump to full-on mixed-use developer.

Following through on a plan announced in December, the Rockies and architectural design firm Stantec submitted a site plan to the city last month outlining a two-building project that would bring more than 828,000 square feet of development to Lower Downtown.

Rising from the “west lot” parking area just south of Coors Field on 20th Street, the pair of buildings — one 11 stories and the other 13 — would combine to include 114 condos, plans show. It will include 144,693 square feet of hotel space, 87,091 square feet for bars, restaurants or retailers, 210,900 square feet for offices and — most importantly for black and purple die-hards — a 34,015-square foot team hall of fame and event space.

Carved out of the middle of two uniquely shaped buildin..

A growth-control ballot measure that would severely curtail the construction of new homes and apartments along the Front Range likely won’t go before voters, after its chief cheerleader conceded he’s abandoning the effort for now.

Daniel Hayes, whose Initiative 66 would limit residential building permits in Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas, El Paso, Jefferson, Larimer and Weld counties to 1 percent of current housing stock for the next two years, told The Denver Post he “never started” the signature gathering process.

“Was told I was too late to get it on. Maybe next year,” he wrote late last week in a brief email response to several questions about the initiative’s future.

He didn’t say whether he was planning to formally withdraw the measure, which had triggered strident opposition from the real estate and homebuilding industry after it was first announced in February.

Lynn Bartels, a spokeswoman for the Colorado Secretary of State’s Office, said Initiative 6..

The city of Aurora will streamline how fees are calculated for new building construction projects starting June 13.

“It’s going to be fast, simple and predictable,” said Aurora’s chief building official Scott Berg.

Building fees pay for things such as plan review, permits and inspection services related to new building construction.

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A new federal lawsuit claims that Wynn Resorts Ltd. used fraudulent tactics to get a steep discount on the land in Everett where it's building the Encore Boston Harbor resort.

According to the lawsuit filed on Tuesday in Boston federal court, Wynn Resorts (Nasdaq: WYNN) initially agreed to pay $75 million to acquire the 33-acre site from FBT Everett Realty in late 2012. The price was decreased to $35 million in 2014, after the Massachusetts Gaming Commission raised concerns about a possible windfall…