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Aspen’s Dan Burrell wants $56M in loans rescinded from First Western Bank

A wealthy Aspenite said that he shouldn’t have to repay $56 million in loans to a Denver bank that has caused him a “public disgrace” and is trying to foreclose on his estates. Dan Burrell, 45, was sued by First Western Bank in November. It claims to have made four loans to the entrepreneur between 2019 and 2022 and is asking an Aspen judge to let it foreclose on a half-dozen properties that are collateral for those loans. Burrell then countersued First Western this month, accusing the bank of violating federal lending…

Construction litigation blocking condo development in Colorado

Where Shelby’s Bar & Grill long stood on the corner of 18th and Glenarm streets, and before that the old Broadway Hotel, two towers are rising that will provide 461 for-sale condos, defying the odds in more ways than one. The project represents a vote of confidence in downtown Denver at a time when office vacancy rates have soared above 30% and remote work has left the future of central business districts uncertain. And it conveys a degree of faith by Amacon, the Canadian developer behind the project, that Colorado’s…