BusinessDen - Covering Denver's Business News
Covering Denver's Business News. Former all-black fire station in Five Points to be converted into residence
Architecture firm not to blame for $20M LoDo flooding, court affirms
Dec 2, 2024 · So, a 10-day trial was held in Denver District Court. Greystar argued that JNS, as overseer of the design work, was liable for the $11 million in repairs and $9.5 million in other costs that Greystar supposedly suffered when The Fitzgerald opened in 2022 rather than 2021.
Used bike retailer The Pro’s Closet shuttering after raising $90M
Oct 2, 2024 · The Pro’s Closet sought to take used bike sales — traditionally a local market facilitated by bike shops and sites like Craigslist — and go national.
Three years after opening, X Denver residents say the party is over
Dec 2, 2024 · By January, firms that had worked on X Denver 2, including general contractor Milender White, had filed more than $20 million in liens against the property. They’re currently in arbitration. In April, a half-acre parking lot where X Denver 3 had been planned sold at a steep loss.In May, when a BusinessDen reporter visited X Co.’s headquarters in Chicago, the space had been abandoned.
Denver7 to begin airing from ‘the TV station of the future’ in RiNo
Jul 2, 2024 · Denver’s KMGH-TV, the ABC affiliate known as Denver7, will soon begin airing from a new location. A 5 p.m. newscast one day next week, anchored by Shannon Ogden and Jessica Porter, is expected to be the first broadcast live from 2323 Delgany St. in RiNo, where the E.W. Scripps Co.-owned broadcaster has spent more than …
Downtown’s deepest discount yet: Two office towers sell for $7M
Nov 21, 2024 · JLL marketed the building for sale — and it’s already doing so again. A listing on the brokerage’s website that went up after the recent sale said the smaller 621 17th St. building is nearly empty after a “programmatic de-leasing plan,” which makes the structure “an ideal target for residential or hospitality conversion or redevelopment.”
City seizes Wash Park Grille for back taxes - BusinessDen
Dec 6, 2024 · In June, Sauber’s estate sued Estey, accusing him of not using a $1 million life insurance payment to buy out Sauber’s shares in Wash Park Grille.Estey countersued the next month, accusing the late Sauber of saddling their restaurants with debt and writing a large check to himself. A four-day jury trial is scheduled for May. Estey said this week that the lawsuit has played a role in Wash ...
Westside buys Centennial office complex at 60 percent discount
Nov 5, 2024 · The firm that’s bought more local office buildings on the cheap than anyone just scooped up another three. Glendale-based Westside Investment Partners, led by Andy Klein, paid $27 million last week for the Campus at Waterview complex in …
Golden railroad museum, eyeing changes, makes second real …
Nov 25, 2024 · The Colorado Railroad Museum in Golden is chugging along, closing on its second real estate purchase of the year earlier this month. The 65-year-old organization bought a single-family home on a roughly half-acre lot at 16887 W. 44th Ave., right next door to the existing museum, for $740,000, records show.
Waldorf Astoria project, with $10M penthouses, to break ground …
Oct 23, 2024 · While Cherry Creek has had pricey real estate for years, PMG raised eyebrows when the firm spent $29.1 million across multiple transactions between late 2021 and early 2023 to buy 0.8 acres along 2nd Avenue between Steele and Saint Paul streets, according to public records.. That works out to $822 a square foot on average, although one seller received $1,322 a square foot, quadruple what he ...