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Denver industrial real estate market looks strong for 2024

Buoyed by major projects in late 2023, metro Denver’s industrial real estate market is starting the new year strong and no longer has one of the highest vacancy rates in the country. The fourth quarter of 2023 was the Denver area’s second-largest in terms of new buildings delivered in the industrial sector at 3.2 million square feet, the Denver office of JLL, a global real estate firm, reported. The record was 3.6 million square feet in 2022. The fourth quarter was also great for the leasing of space that had been sitting…

¡Viva! Streets won’t return to Denver in 2024

A popular event series that closed Denver’s streets to cars and opened them to cyclists and pedestrians will not return in 2024 despite attracting an estimated 40,000 people to experience downtown in a new way. The monthly event series, called ¡Viva! Streets, was inspired by similar events in Latin America called ciclovías, meaning “cycleways.” During the event, 3.5 miles of roadways in the heart of Denver closed to vehicles. The goal, according to organizers at the Downtown Denver Partnership, was to bring people…

Troy Guard’s wine and cocktail bar Done Deal set to debut

The custom marble bar is in, the chandelier installed and ambience is set. Time to pour drinks. Done Deal, Troy Guard’s newest concept and first wine and cocktail bar, opens Tuesday, Jan. 16., in the Republic Plaza lobby at 370 17th St. “I think it’s a sexy bar,” Guard told BusinessDen inside Done Deal last week. “I think this area up here needs something like this. Everything is focused down towards Union (Station) and nothing is up this way.” Guard, his wife and sommelier Nikki, and manager Miranda Thomson, crafted Done…

Tavern Hospitality CEO fights mother in court in bid to control restaurant group

Denver restauranteur Frank Schultz testified emotionally Thursday that his mother, who is also his business partner, has purloined hundreds of thousands of dollars from their bars and restaurants, seriously jeopardizing the financial future of once-thriving companies. “My mom and I started this in 1997 and we always had our differences, but we each had a role to play and we fed off each other,” Schultz said of the Tavern Hospitality Group’s origins as he pushed back tears on the witness stand. “I think we were a pretty…

Denver area’s 10 most expensive home sales in 2023

The top 10 luxury home sales in 2023 in the Denver metro area included six Boulder properties, two Denver homes, one Cherry Hills Village mansion and a ski resort turned luxury ranch above Golden. Let’s begin the countdown. No. 10: $9.3 million: 400 block Westwood Drive in Denver Listing agents: Helm Weaver Helm with Compass-Denver Buyer’s agent: Blake O’Shaughnessy with LIV Sotheby’s International Realty Details: TDDK Revocable Trust spent $9.3 million to win a bidding war for this Country Club mansion listed for $8.5…

Multigenerational households increase in Colorado due to high costs

Steve Chapman’s full house sometimes feels like it’s bursting at the seams. The 45-year-old and his wife welcomed Chapman’s mother and stepdad into their Aurora home a few years ago after his mom’s landlord sold the Loveland trailer the couple lived in, leaving them unable to afford Colorado rent on their Social Security income. “The idea was it’d be temporary to help them get going, but it’s impossible to make it here, it seems,” Chapman said of the living arrangement. Then the Chapmans’ 23-year-old daughter fell on…

How to report Colorado landlord problems to attorney general

If you’re struggling with mistreatment by a landlord, the Colorado Attorney General’s Office wants you to report it. The state’s attorney general is now able to investigate potential violations of housing laws and to utilize civil and criminal enforcement actions because of a state law that took effect in May 2022. On Tuesday, the Department of Law took action for the first time by reaching a $1 million settlement with Boulder-based Four Star Realty after the property management company illegally charged residents for…

Illenium’s $15M Cherry Hills mansion tops local home sales in December

December’s top sale signaled a changing of the guard in Cherry Hills Village. Nicholas D. Miller — a musician, DJ, producer and songwriter known professionally as Illenium — spent $15 million last month to buy a 23,000-square-foot mansion from private equity executive Charlie Gallagher. The eight-bedroom, 14-bath mansion on Cherry Hills Drive sits adjacent to the 10th green at Cherry Hills Country Club. Chicago architect Gregory Maire designed the brick and stone mansion to resemble a 14th-century French country home.…

Aspen Skiing Co. owner sues Perfect Moment over influencers shooting at resort

The owner of the Aspen Snowmass resorts is complaining about a high-end fashion company that keeps sending so-called “influencers” to its ski areas to be photographed in pricey attire. Aspen Skiing Co. filed a lawsuit Wednesday that accuses Perfect Moment, a London-based skiwear maker, of trademark infringement, among other allegations. The dispute began in March 2021, when Perfect Moment posted photos of female influencers modeling its skiwear on Instagram and other social media sites. Within weeks, Aspen Skiing noticed…

400 homeowners sue Rocky Mountain Metropolitan Airport over home prices

Four hundred and six homeowners in Superior are suing Jefferson County, accusing its airport of violating their airspace, dumping lead on them and devaluing their 230 houses. Their lawsuit, filed Dec. 21 in Boulder, marks an escalation in a years-old dispute between Rocky Mountain Metropolitan Airport and residents of the Rock Creek neighborhood, which is located just northwest of the airport in Boulder County. The airport has surged in popularity in recent years, with 300,000 takeoffs and landings in 2022, or one every…