Denver Colorado Property News 
Denver’s First Trader Gets Liquor License
Friday, December 14th, 2012 at 4:31pm. 318 Views, 0 Comments.
In Denver, Colorado, Joe’s grocery store gets the green light for its liquor license application from Denver’s Excise and Licenses department on Tuesday. A local attorney and Dionne Morris, regional vice president of Trader Joe’s Co., testified before a hearing officer on Friday to present its case for the new store’s liquor license, which was intended to be at 790 Colorado Boulevard. Hearing officer, William Hobbs, urged for the approval of the liquor license to the department’s director. Hobbs stated on his recommendation that the store has successfully supplied and demonstrated the need for a liquor store in its community.
In relation to Joe’s application, no petition was filed to oppose the applicant’s request, during Friday’s…
Apartment Vacancy in Metro Denver Falls to Lowest Rates
Friday, December 14th, 2012 at 4:31pm. 429 Views, 0 Comments.
A report released Monday by the Apartment Association of Metro Denver and the Colorado Division of Housing, states that the apartment vacancy rate was down from last year’s 4.9% and it was also down this year at 4.8%. But its lowest drop was at 4.3% during the third quarter of 2012.
It was in the third quarter of 2009 when the vacancy rate rose but for the past twelve quarters the vacancy rate has significantly dropped compared to the previous year. Areas like the Boulder/Broomfield area, Adams, Arapahoe, and Jefferson counties felt the vacancy rate deteriorate from the third quarter of 2011 to 2012.
Supply will continue to be a factor according to industry observers. Ron Troupe, Real Estate professor at Burns School of Real…
The Denver Cow Parade
Thursday, December 13th, 2012 at 8:53am. 251 Views, 0 Comments.
Since 1896, the Denver Cow Parade has been held every year to encourage Denver breeders and businessmen to come and see the available new breeds of stock, and to learn new techniques of cattle breeding to enhance the local cattle industry.
A Parade for a Cause
Nowadays, the Cow Parade is no longer a place for business - it has become one of the city’s liveliest attractions for tourists and residents alike. The Cow Parade does not feature live cattle anymore, but fiber glass replicas that are paraded around town to showcase the artistic talents of local artists. Each year will see anything from 50 to 85 cow sculptures paraded around the city, featuring the individual touch of artistry and craftsmanship from their creators. …
The Best Sights in Denver
Thursday, December 13th, 2012 at 8:53am. 229 Views, 0 Comments.
Located in the eastern part of the Rocky Mountains, Denver is the capital of Colorado and also the largest city in the State. The city began as a miner’s paradise, a place where gold and silver literally brought the city to its glory.
Slowly rising from its mining success, were the equally important industries which supplied the needs of the mining community. One of these was livestock and cattle-raising. Today, Denver is known as the Western Seat of the Cattle Industry.
Though not as famous as Nashville, Denver also has its share of country music stars like John Denver and Bob Dylan, both of whom resided in Denver at the height of their careers. The artistic inclination of Denver however, is showcased in the numerous museums…
Cherry Creek Neighborhood Profile
Thursday, December 13th, 2012 at 7:26am. 170 Views, 0 Comments.
The neighborhood of Cherry Creek gets its name from the winding Cherry Creek in which it’s located. The community is bounded by Colorado Blvd. to the east and University St. to the west. The 6th Ave makes up the northern border, while Alameda Ave. abuts the south. The neighborhood is home to Denver’s crème de la crème shopping mall, Cherry Creek Mall, as well as a number of great restaurants, schools and shopping venues.
Restaurants:
- An array of shops north of Cherry Creek Mall, called Cherry Creek North, consists of restaurants and boutiques.
- · North emphasizes on the cooking style of northern Italy, coupled with a graceful ambiance.
- · Kona Grill, located at the mall interior, is a known destination for happy…
Denver’s Top Three Shopping Malls
Thursday, December 13th, 2012 at 7:26am. 247 Views, 0 Comments.
The Mile High City provides shopping choices suitable for every lifestyle and budget. Malls and outdoor shopping centers in Denver seem to be everywhere you go, selling products ranging from expensive jewelry to goods at rock-bottom prices. Shop until you drop at these fine shopping locations:
Cherry Creek Mall
The best place for brand-name stores in Denver is, without any question, the Cherry Creek Shopping Center. Names such as Lacoste and Burberry are just two of numerous premium choices available here. Major department stores in the mall include Neiman Marcus, Saks Fifth Avenue, and Macy’s. Another upscale department store, Nordstrom, will soon open. On the other hand, the movie theater feels like new again thanks to recent…
Hotel Transaction Volume Remains High In Denver
Tuesday, December 11th, 2012 at 7:02am. 210 Views, 0 Comments.
Investors at the lodging industry have long been interested or transacting within the profitable markets of Miami, Los Angeles and San Francisco. However, a recent study conducted by Jones Lang LaSalle Hotels reveals that a new investing trend is notably growing in Denver, as hotel transaction volume has grown to $217 million year to date.
While the figures above differ greatly from the $389.9 million mark reached during 2011, analysts say that the fact that this year’s transaction volume has remained steady is a good sign for Denver’s lodging industry nonetheless, and was good enough to attract more investors to its market.
Denver hotels have controlled competitive prices over the last twelve months, as upper-upscale hotels were…
Denver’s Downtown Saved by Historic Preservation
Tuesday, December 11th, 2012 at 7:02am. 169 Views, 0 Comments.
After the lengthy process of Denver’s Lower Downtown designation for becoming a historic district, the city council passed the Lower Downtown Historic District ordinance in 1988.
In the late 1980’s Denver’s Downtown area reached an all time high due to the oil boom in real estate. A lot of heavy construction was happening there and Denver’s Lower Downtown was simply bypassed by the flourishing construction. Denver held a wide collection of urban historic buildings; sadly 20 percent of these buildings were demolished and were turned into parking spaces.
While these all these demolitions were going on the Historic Denver, a preservation organization, joined with a group of leaders who called themselves the Downtown Denver…
Colorado Market Flocked by Outside Investors
Wednesday, December 5th, 2012 at 10:14am. 258 Views, 0 Comments.
A number of national investors are flocking to Northern Colorado because of its booming economy.
Northern Colorado is attracting the attention of many national investors because it offers quality assets that come at low prices. This part of the region is considered as a tertiary market compared to the larger markets of New York and Denver. Realtec’s Christensen explains that a tertiary market holds about 50,000 to 250,000 residents.
Northern Colorado presents a more stable economy compared to other states because it shows a lower unemployment rate compared with the other regions. This is one indication that the economy in this state is more stable than other areas. It is reported that Fort Collins holds an unemployment rate of 6 percent while the…
A Cloudy Forecast on Denver’s Real Estate Sector
Wednesday, December 5th, 2012 at 9:54am. 297 Views, 0 Comments.
The Urban Land Institute revealed its 2013 forecast of the real estate sector during its fall meeting.
According to the Urban Land Institute, although the real estate sector has been showing some signs of progress, it’s still been recovering slowly. The forecast was based on a survey report over the span of 34 years, which cuts across the entire real estate market in the Denver. It includes industrial sectors, housing and even offices. Some of the predictions include:
• Residential estate will continue to progress.
• Strong demand for rental housing will continue despite the emerging multi-family buildings and condos.
• Tight supply of commercial spaces will continue a downward trend. This will affect job vacancies from the retail and industrial…
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