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Developer Nichols making
pointed effort with Spire
project,
an article from
The Denver Business Journal,
reports that real estate
developer Randy Nichols has
worked to give Denver-area
communities what they need
and want. The Nichols
Partnership Inc. aims to
continue those achievements
with downtown Denver's $175
million, 41-story Spire
condominium project.
Located at 891 14th Street,
the 503-unit property broke
ground in May and is
scheduled to be completed in
2009. When it's built,
Spire will be one of the
first residential high-rises
built in Denver's central
business district in the
last two decades. It will
also be one of the tallest
residential buildings in the
western United States. The
price of the condos range
from $200,000 to $1
million. Nichols remains
committed to the project and
his vision, despite the
obstacles involved in
building Spire.
http://www.bizjournals.com/denver/stories/2007/10/22/focus21.html?b=1193025600^1537849
Commercial real estate
market outlook upbeat,
an article from
MSNBC.com,
reports that the commercial
real estate market is
caution but decidedly
upbeat. According to Real
Capital Analytics, a New
York based real-estate
research firm, commercial
property sales hit $401
Billion through October 18,
outpacing last year's $359
billion total. The Commerce
Department said construction
spending on office
buildings, shopping centers
and other private,
nonresidential projects
jumped 15.2% in August.
Experts say the commercial
market has not been dragged
down by the residential
mortgage mess because they
have more financial
flexibility and resources to
ride out credit-market
turmoil. A positive
development for the
apartment sector in the
commercial property market
is the number of homeowners
who foreclosed or would-be
homeowners who can no longer
get financing are seeking to
rent.
http://www.msnbc.msn.com/id/21407506/
Additional articles that you
may find of interest:
Real estate notes
http://www.denverpost.com/headlines/ci_7230992
Crushing ARMs squeeze
homeowners
http://www.denverpost.com/business/ci_7230968
Neighborhoods in transition
http://www.denverpost.com/business/ci_7230991
DIA in talks to take over
WorldPort
http://www.denverpost.com/business/ci_7243503
Rail cuts path through
city's past
http://www.rockymountainnews.com/drmn/local/article/0,1299,DRMN_15_5728320,00.html
View plane loophole benefits
developers
http://www.rockymountainnews.com/drmn/other_business/article/0,2777,DRMN_23916_5727223,00.html
Residential real estate
Finalists
http://www.bizjournals.com/denver/stories/2007/10/22/focus22.html?b=1193025600^1537856
World Trade Center owner
wants to sell buildings
http://www.bizjournals.com/denver/stories/2007/10/22/story14.html?b=1193025600^1537079
CBRE team scores top metro
deal
http://www.bizjournals.com/denver/stories/2007/10/22/focus7.html?b=1193025600^1537621
Tan helping change Denver's
skyline
http://www.bizjournals.com/denver/stories/2007/10/22/focus3.html?b=1193025600^1537571
RTD adds light-rail trains
http://denver.bizjournals.com/denver/stories/2007/10/15/daily62.html?surround=lfn
Fed President Calls This
Housing Cycle Very Unique
http://www.realtor.org/rmodaily.nsf/pages/News2007101906
Get More Bang for Your Buck
in Rehab Projects
http://www.realtor.org/rmodaily.nsf/pages/News2007101902
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