Denver is in transition in many ways. The oil and gas business recently buoyed Denver’s commercial real estate and employment market, but now is receding. The high tech and health care fields may be filling that void. Foreign investment has found Denver as a market that may increase returns over coastal markets.
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Commercial Real Estate
Denver Passes Condominium Construction Defect Ordinance
On Monday night (November 23, 2015), Denver City Council voted to approve the construction defect ordinance proposed by Mayor Hancock.
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Mayor Hancock’s Construction Defect Ordinance Passes Important Hurdle
On November 16, 2015, the Denver City Council unanimously approved the first reading of Mayor Hancock’s construction defect ordinance that we wrote about last month.
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Real Estate Transactions Are Vulnerable To Wire Scams
By Victoria L. Hellmer on
Last month, I got a call from a title insurance company closer. Our client and the other parties to a real estate transaction had just instructed the title company to go ahead with the recording of documents and disbursement of funds in accordance with the settlement statement. We had sent an email to the closer with wire instructions for the funds—and the closer was calling to ask me to confirm those wire instructions, including the ABA routing number and the account number, over the phone.
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Construction Defects Fight Isn’t Over: Colorado Court of Appeals Weighs In
Despite the failure of Senate Bill 177 last week, there is positive news for condo developers.
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