House flipping, as its known, is commonplace in today’s red hot Denver housing market, as shown in new numbers that reveal the metro-area zip codes where it’s happening most frequently and the often huge windfalls that can result.
The ten most expensive apartments for rent in metro Denver right now demonstrate that the market for high-end residences shows no sign of lagging. The two priciest go for more than $10,000 per month.
To the surprise of absolutely no one, the Winter Games Exploratory Committee has announced that Denver and Colorado can and should pursue bids for future Olympic and Paralympic events. However, the concept calls for an approach that wouldn’t require direct funding from taxpayers and recommends that any efforts in regard to 2020 and beyond be submitted to a statewide vote in advance.
Average rent prices in Denver right now continue to rise, with no end in sight, and a new report makes it clear that cost increases in the Mile High are among the worst in the country. Of twenty major U.S. cities, it shows that rent in Denver has gone up more in sheer dollars than in all but two of them.
The City of Wheat Ridge has suspended the business license of Break the Stigma Fitness, a marijuana-friendly gym operated by Jennessa Lea, better known as Fit Cannabis Girl. And even though she’s fighting this action, the landlord of her 9690 West 38th Avenue location has ordered her to leave by June 4.
The Colorado Department of Transportation is outlining improvements it would like to make to the I-70 mountain corridor from Floyd Hill to the Veterans Memorial Tunnels outside of Idaho Springs.
Based on the experiences of one local expert, it could take a bid of more than $150 million for the Denver Post and in excess of $200 million for all the Colorado properties to even get the attention of hedge fund owner Alden Global Capital.
Injection drug users appear to have contributed to at least one downtown grocer restricting restrooms to employee-use only and a major supermarket chain to install keypad entries for toilet facilities at multiple branches in the area.
It’s still possible to buy a house in Denver for less than $250,000. But the homes under this price point typically need a lot of work, and the properties may be more valuable if they’re demolished entirely.
An investigation into where the money went provides a glimpse into the backstage feuding and maneuvering among investors in Denver’s premiere hotel.
A cherry version of a 1975 Ford Bronco marketed as the “Denver Broncos Edition” is currently available at the online auto site Bring a Trailer. The auction ends in fewer than four days, and at this writing, six bidders have pushed the price to $44,999.
The U.S. Supreme Court has struck down the Professional and Amateur Sports Protection Act, the federal law that prohibits betting on sports such as professional and collegiate football, baseball and basketball in most states. And while there’s been no move in Colorado to embrace such a system of late, the smart money is betting that’ll change soon and generate an eye-popping cash windfall.
While slashes benefits, it increases transparency…slightly.
After Denver was named one of twenty finalists as the location for Amazon HQ2, locals already concerned about out-of-control growth and rising housing costs offered a notably mixed reaction, with a recent poll suggesting that Mile High residents are less enthusiastic about hosting a new campus for the mega-firm than those living in any of the other potential sites. But they may be more favorably disposed to Army Futures Command, a new military project that also has Denver on its short list.
As of late last year, rent prices finally seemed to be leveling off in Denver and its nearby communities following a long stretch during which rental costs consistently zoomed upward in the Mile High City’s hyper-competitive housing market. But the news thus far in 2018 has reversed this trend, with the latest eye-popping data confirming that metro Denver rent increases are back with a vengeance.
Why is the Public Employees Retirement Association continuing to invest in high-fee, high-risk investments?
Last night, the Denver City Council voted to approve a zoning code update that will prevent the new construction of slot homes, a variation on the garden-court form in which entrances don’t typically face the street.
Today in two cities, Denver and New York, Denver Post employees will be taking part in separate demonstrations against Alden Global Capital, the vulture hedge fund that has so gutted the newspaper that former owner Dean Singleton chose to resign as chairman and step down from the editorial board as a way of expressing his frustration and disappointment.
On Friday, May 4, Dean Singleton, who owned the Denver Post from 1987 to 2013, resigned as the newspaper’s chairman and also left his position on the editorial board
The Colorado Legislature is still working on a fix for PERA, but it won’t solve the real problem.
Last year, after Miguel Lopez was refused a permit for the Denver 420 Rally, which he’s put on annually since 2008, following complaints about Civic Center Park being trashed, attorney Rob Corry filed a lawsuit against the City and County of Denver on his behalf. Then, after Michael Ortiz was awarded the permit only to see it subsequently handed to Euflora, a local dispensary, Corry sued Denver in his name, too.
St. Dominic’s worked with neighbors on a plan, then sold the property.
