Otten Johnson

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We have been following the newly adopted requirement that Colorado property owners’ associations register with the Colorado Division of Real Estate (the “Division”) no later than January 1, 2011, or face losing their assessment lien power and enforcement rights.  See our earlier reports (Aug. 2010 and Dec. 2010) for background information on this…

Many lenders are taking back half-built projects that are subject to the Colorado Common Interest Ownership Act (“CCIOA”).  CCIOA governs planned communities, condominiums and cooperatives in Colorado and contains many detailed provisions regarding the ongoing right of a developer (or a “Declarant”) to develop the community and control the board of directors.  These rights are…

Last month the Town of Berthoud, Colorado approved a mixed use development known as PrairieStar.  The development is anticipated to contain residential housing, a school, a research and development facility, an equestrian center, retail and business components, and, most notably, a 25 acre solar farm.  Developers of the project, Scott Sarbaugh and partner Richard…

Late last week, there were two news stories reporting on important developments for real estate in the Denver area.  Given the continued state of the economy and commercial real estate, I was pleased to see these reports.  While actual development resulting from these events may be some time off, important ground work is being laid…