“According to The Denver Post, the beginning of the month is bringing a combination of late fees and more lenient approaches to rents that are due in Colorado. Some commercial landlords are trying to stay flexible. “We’re not charging anyone who is renting a private office or co-working or is a mailbox tenant,” said … [Read more…]
“They call it RiNo (short for “River North”) but, for those of us who grew up in Denver, Colorado, it’s still Five Points. Coined the “Harlem of the West,” Five Points was once an area of jazz joints, black culture and cuisine — a place that white folks would once desperately avoid or, at … [Read more…]
“After experiencing years of rapidly escalating rents, tenants in metro Denver are starting to catch a break. According to the Denver Metro Area Apartment Vacancy and Rent Survey, rents have dropped for the second consecutive quarter. The survey, by Ron L. Throupe, Ph.D. of the University of Denver Daniel’s College of Business, and Jennifer … [Read more…]
“After four years as a staple for streetwear in Five Points, Station will close its doors permanently at its Welton location at the end of January. In the meantime, the team will redirect their efforts online — focusing on their first full range of t-shirts, hoodies, pants, outerwear and accessories and searching for a … [Read more…]
“U.S. cities struggling with soaring housing costs have found some success in lowering rents this year, but that relief has not reached the renters most at risk of losing their housing. Nationally, the pace of rent increases is beginning to slow down, with the average rent in at least six cities falling since last … [Read more…]
“Are apartment developers hitting the accelerator as a cliff of demand approaches or are they simply trying to keep up in a housing market that continues to defy expectations? Metro Denver should see another 12,000 apartments come on the market in 2018, continuing a long and unprecedented streak of multi-family construction, said Greg Willett, chief … [Read more…]
“Welton Street Café is an east Denver community institution. Occupying a corner spot in Five Points Plaza — about a block from the neighborhood’s namesake intersection, just off a light-rail stop — the diner has been serving wings and Southern-style and Caribbean fare since 1999. Owner/founder Flynn Dickerson, who runs the place with his children, … [Read more…]
“Broomfield County saw one of the greatest increases in gross rent nationally, according to a recent study from the U.S. Census Bureau. Over a five year period, the study said that the increase was $312 — from $1,105 to $1,417. To put that figure into perspective, the study found the nation overall saw a $21 … [Read more…]
“Metro Denver’s real estate boom may still have room to run, but developers behind several high-profile projects in the region said they are turning cautious. “I don’t know if we will get another development deal out of the ground,” said Matt Joblon, CEO of BMC Investments, which last year opened the Halcyon Hotel last year … [Read more…]
“Aaron Miripol could make a killing on Wadsworth Station — if he wanted to. He bought the two-story, 1970s-era 100-unit apartment complex just outside of downtown Denver for about $7 million back in 2012. Two years later, the city’s new light rail system reached Wadsworth Station’s doorstep, and eager investors seeking to buy the … [Read more…]