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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New Disclosure Requirements for Certain Real Estate Investors
The New York Times and other news outlets recently reported that the U.S. Treasury Department will require title companies to report the identity of the “true beneficial owner” of any entity that purchases luxury, residential real estate in an all-cash transaction in Miami or New York City.
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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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Affirmatively Furthering Fair Housing: HUD Promulgates Final Rule
Only a few weeks after the U.S. Supreme Court announced its decision upholding disparate impact as basis for liability under the Fair Housing Act (the Act; for further discussion of the case, see our blog posts here and here), the U.S. Department of Housing and Urban Development (HUD) promulgated a new rule implementing the Act.
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