Jane Wallace CRS, Denver Real Estate

LoDo | Riverfront | Downtown Denver

$200,000 - $500,000 price range

12 Month Evaluation - 48 sold properties in last 12 months. 48 divided by 12 months equals 4 properties sold per month. There are currently 96 active comparable properties on the market. 96 divided by 4 equals 24 months of worth of inventory. This means a strong buyers market.

LoDo | Riverfront

$200,000 - $4,000,000 price range

12 Month Evaluation - 186 sold properties in last 12 months. 186 divided by 12 months equals 15.50 properties sold per month. There are currently 411 active comparable properties on the market. 411 divided by 15.50 equals 27 months of worth of inventory. This means a strong buyers market.

Golden Triangle, Denver's Art & Museum District

$500,000 - $1,200,000 price range

1,900 to 2,500 square feet

12 Month Evaluation - 2 sold properties in last 12 months. 2 divided by 12 months equals .17 properties sold per month. There are currently 5 active comparable properties on the market. 5 divided by .17 equals 30 months of worth of inventory. This means a strong buyers market.

Average Price per Square Foot | $320 | Sold Properties

An absorption Rate of 5-7 is considered a normal market. Less than 5 is a sellers market and more than 7 is a buyers market.

Normal Market - In a normal market there is a 5-7 month supply of homes. A normal market has a balanced level of inventory where the market is not leaning in either the seller's or buyer's favor.

Seller's Market - In a seller's market there is less than 5 months supply of homes. Since there are fewer homes to choose from, sellers are in control and buyers have to be willing to pay top dollar to get the home that they want. Multiple offers are often the norm in a seller's market.

Buyer's Market - In a buyer's market there is more than 6 months supply of homes. Buyers are in control since there are so many homes from which to choose from. Sellers often have to give an incentive (pay for closing costs or pay for repairs) to buyer's to buy their home.

Restaurants, Bars & Clubs
Andrew's on Lincoln
Arbys
Bar Standard
Bannock Street Garage
Cap City Tavern
Cherokee Dining on 12th
The Church
Cuba, Cuba
Dazzle Jazz Restaurant & Lounge
Denver Pizza Company
Dozens
Fidels Cantina
Funky Budda Lounge
La Rumba
Le Central
Luciano's Pizza
Mad Greens
Melitas Greek Cafe
Opal
Pallettes
Parsley
Pints Pub
Racines
Spicey Pickle
Sutra Room
Tony's Bistro
Vinyl

Coffee Shops & Grocery Stores
Aviano Coffee
Dazbog Coffee
Gateaux
Novo Coffee
Metropolis Coffee
Marczyks Foods
Tony's Market
King Soopers
Whole Foods

Salons & Spas
Corepower Yoga
Eden II Day Spa
Denver Althetic Club
Matrix Fitness & Spa
Pilates Aligned
Rave Skin & Body
Spa in The City
Spa Universaire

Artists Studios and Galleries
Art Gineer
Art Silk Photography
Blujack Studio and Gallery
Camera Obscura Gallery
Door 74 McGuinness Studio
Gallery 1261
Native American Trading Co.
Michele Mosko Fine Art
Patrons Art & Framing
Roach Photos & Gallery Roach
Walker Fine Art
William Havu Gallery
Wilson Adams Gallery
Zeitgeist
ZModern

Museums & Cultural Centers
Art Institute of Colorado
Byers-Evans House
The C.E.L.L.
Civic Center Park
Clyfford Still Museum
Colorado Ballet
Colorado History Museum
Colorado State Capital
Curious Theatre Company
Denver Art Museum
Denver City & County Building
Denver Firefighters Museum
Denver Musicians Association
Denver Mint
Denver Public Library
Kirkland Museum
Molly Brown House Museum
Sunken Garden Park
US Post Office

Speciality Stores
Bulthaup Kitchens
Denver Community Federal C.U.
Distinctive Properties
The Collection
Flower Gallerie
The Gabriel Foundation
Howard Lorton Galleries
The Lighting Studio

Groundbreaking, Colorado History Museum

Here's the complete press release from the state Treasurer's office:

History Center-Justice Complex Project Financing a Success
Project will create close to 2,000 jobs in next four years

Denver- The successful financing of over $338 million in Certificates of Participation earlier today to build the new Colorado History Center and the Ralph L. Carr Justice Complex completed one of the largest sales of Build America Bonds to date, announced State Treasurer Cary Kennedy, and will directly create nearly 2,000 jobs.

"Colorado's strong credit rating and sound financial policies allowed us to finance this project in what remain extremely difficult markets," said Kennedy. "Investors continue to find Colorado an attractive place to invest their funds."

"These projects will help energize our economy and create jobs," Gov. Bill Ritter said.

"The Recovery Act provided us with financing tools like Build America Bonds, and these tools will be critical to leading our economy forward and putting Coloradans back to work."

Build America Bonds, or BABs, lower costs to public entities on financing because the federal government subsidizes 35% of the interest paid on the project. BABs will cut the costs of these projects for Colorado's taxpayers nearly $77 million from traditional tax-exempt financing.

The Build America Bonds program is one of several financing programs created by the Recovery Act to help government agencies move capital construction projects forward while saving hundreds of millions of dollars. Other major sales are planned for coming weeks.

The financing will pay for the costs of two new buildings, the Ralph L. Carr Justice Complex, which will consolidate the Colorado Supreme Court, the Colorado Court of Appeals, the Attorney General's Office, the administrative offices of the court, the public defender, and other justice related entities into one location. The current building housing the Supreme Court and Court of Appeals has significant maintenance, ADA, security and life-safety issues.

The second building will house a new Colorado History Center to replace the existing Colorado History Museum. The current museum serves nearly 1 million people annually through a variety of programs, but has extensive maintenance issues and limited space.

The new Justice Complex is being funded with Judicial Court user fees and rental payments from building occupants. The History Center will be funded with allocations from state gaming revenues.

Rep. Don Marostica, a member of the Joint Budget Committee, said that the COP sale would be great for the local economy. "Our timing getting into the market was ideal," said Marostica. "We are able to get a great interest rate for the state, save the citizens' money, and keep people working."

"We are very excited to begin construction on the new History Center, which will serve as an important statewide hub and educational resource for residents and visitors," said Ed Nichols, the President of the Colorado Historical Society.

The Center will break ground August 19, 2009, with the Justice Complex to follow next year. The History Center is scheduled to open in Fall 2011 at 12th and Broadway, one block south of its current location. The Judicial Complex will start construction in 2010, with completion in 2013.

Jerry Maroney, State Court Administrator for the Colorado Department of Justice, noted the longterm savings of the project. "Ultimately, we'll save an estimated $60 million in rent payments and efficiencies over the next 30 years as we consolidate offices into one location."

The underwriting firms of George K. Baum & Co., Piper Jaffrey, and RBC Capital Markets managed the sale of the Certificates of Participation. The firm of Trammell Crow is the project construction manager.

The certificates were sold over two days at an "all-in" interest rate of 4.24 percent. A COP offering is similar to that of a bond, with the most significant difference being that repayment is dependent on an annual appropriation.

Senate President Brandon Shaffer, Senate Minority Leader Josh Penry, Speaker of the House Terrance Carroll and Rep. Marostica sponsored Senate Bill 08-206 which authorized the sale of COPs and the construction of the History Center and Justice Complex projects.

Kennedy worked with Speaker Carroll and Senate President Shaffer to pass House Bill 09-1346 this past legislative session. The bill allowed Colorado to take advantage of specific financing mechanisms within the American Recovery and Reinvestment Act.