Development, Financing and Other Property News from Colorado's Leading Real Estate Law Firm
The housing crunch in Colorado, and specifically, in Boulder, is well documented. Last week Boulder’s City Council took a small and controversial step towards easing that crunch within its limits by finalizing and approving a co-operative housing ordinance.
The ordinance allows for the licensing of 10 new co-operatives each year commencing in 2017 year,…
As Denver’s housing market continues to thrive, so, too, do the development-related concerns of existing residents. The rapid pace of development in many City-close neighborhoods has at times pitted residents desiring attractive, pedestrian-oriented communities against developers responding to high demand for urban housing options. On Monday, August 22, 2016, the Denver City Council passed a pair of City-wide development moratoria aimed at addressing parking and architectural issues. CB16-0498 concerns use of the City’s small zone lot parking exemption. CB-16-0541 places a one-year moratorium on use of the Zoning Code’s Garden Court Building Form. Both bills passed with a unanimous vote of Councilmembers present and took effect August 25, 2016.
Continue Reading Denver City Council Passes Pair of Development Moratoria
Colorado’s growing high-tech scene is currently driving the office leasing activities in metro Denver. According to CBRE’s Colorado Tech Book 2016, high-tech companies leased 1.1 million square feet of office space, or 16.5% of the total leased space, in metro Denver last year, making it the largest industry represented in the market. Overall, technology firms are leasing approximately 9.8 million square feet in metro Denver and 15.5 million square feet in Colorado.
Continue Reading High-Tech Companies Continue to Lease Office Space in Denver
In a case that has been percolating for over 14 years, the federal Second Circuit Court of Appeals concluded last month that the Village of Garden City, New York engaged in racial discrimination in violation of the federal Fair Housing Act (FHA) as a result of unlawful zoning practices. The Second Circuit’s decision came in…
A Bill allowing for limited residential collection of rain water cleared its final hurdle on Friday, April 1, 2016, when it was approved by a majority of the State Senate. HB16-1005, commonly referred to as the “Rain Barrel Bill”, stalled several times in the State House before eventually making its way through the Senate. Governor Hickenlooper will now sign the Rain Barrel Bill into law and it will take effect August 10, 2016.
Continue Reading Colorado Rain Barrel Bill Clears Final Hurdle