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Jude Sandvall

Some Construction Projects Carry On

An article from KMGH Denver, reports that some projects are moving forward as planned. Developer Charlie Biederman recently completed demolition at 8th and Colorado to make way for an extended stay hotel. When the hotel is completed in 14 months, he hopes the economy will have turned and that he will be "in front of it." Across from this project, the old University Hospital complex is the site of a mixed-use redevelopment. When Shea takes over the property in February, it hopes to begin demolition immediately.
http://www.thedenverchannel.com/news/17724486/detail.html

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City of Denver aids Union Station project

An article from The Denver Post, reports that the city will buy Market Street Station next year to help fund the redevelopment of Union Station. The deal is subject to RTD agreeing to the lease the space until Union Station is done - RTD currently owns Market Street Station. While the city will be funneling $11.4 million into the project, it will later recoup that money when it sells the property to Union Station Neighborhood Co.
http://www.denverpost.com/business/ci_10740534

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Cheaper homes move in the Denver metro area

An article from The Denver Post, reports that many lower-end homes are receiving multiple offers and selling above the asking price. Housing data released earlier this month, indicated 5.7 months of inventory, which is considered a normal market. However, upper-end homes are skewing this number. For $1 million-plus homes, inventory levels have reached 31 months, while there's only 2.7 months of inventory for home priced under $100,000.
http://www.denverpost.com/business/ci_10771000

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Denver commercial real estate market healthy

An article from The Denver Post, reports that Denver's commercial real estate market ranks among the top 10, according to the annual Emerging Trends in Real Estate report released Tuesday by the Urban Land Institute and PricewarterhouseCoopers LLP. A revitalized downtown and focus on transit-oriented development has kept Denver's commercial real-estate market healthy. "Steady population growth and broadening diversification of the industry keeps the housing market stable. Mass transit should pay future dividends," states the report.
http://www.denverpost.com/business/ci_10779081

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Denver-Aurora home prices down slightly

An article from Denver Business Journal, reports that the Denver metro area is fairing well compared to other major metropolitan areas. Home prices in Denver-Aurora were down 2.9% in August, when compared to August 2007 - nationwide home prices fell 11.3% during that time period.
http://www.bizjournals.com/denver/stories/2008/10/20/daily25.html?b=1224475200^1720748&brthrs=1

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