Commercial Real Estate

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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…

Whether caused by the failure to follow precise escrow instructions or inattention to detail by one or more of the parties to a closing or payoff, the indebtedness secured by a lien on real property is often satisfied, but such lien is not released of record.  Title companies conducting closings often close on a payoff…

Residents of the northern Douglas County City of Castle Pines North, or Castle Pines as it’s now known, voted on Tuesday to abolish the City’s recently established urban renewal authority.  The yes votes on Question 300 outnumbered the no votes by almost 2 to 1.  In abolishing the City’s urban renewal authority, residents decided not…

CREW Denver’s 11th Annual Women of Influence awards luncheon was held yesterday at The Ritz-Carlton.  The theme of this year’s event was “Leading the Renaissance.”  Fawn Germer, Oprah-endorsed, best-selling author of 6 books including Finding the UP in the Downturn, delivered an inspiring keynote address encouraging everyone to turn adversity into opportunity.  All attendees…

Despite today’s economic reality, real estate developers should consider the unique opportunities of pursuing land use entitlements now.  While there is expense entailed in pursuing annexation, zoning, subdivision and related approvals, many jurisdictions are experiencing a significant drop in tax and fee revenues due to reduced development activity.  Accordingly, developers who are able to pursue…