(From an Article in the Denver Business Journal, Aug. 26, 2008)
Denver home prices show the strongest rebound of the 20 markets studied, according to the S&P Case-Shiller Home Price Indices. The report said home prices rose in June from a month earlier in nine cities. Denver had the biggest gain, at 1.5 percent, followed by Boston at 1.2 percent.
A separate report, by the Office of Federal Housing Enterprise Oversight, showed more positive news for the Denver market. Home prices in the Denver-Aurora area are up 0.38 percent in the past year. The report relies on home sales and refinancing of mortgages for its data. Home prices in Boulder were up 2.47 percent in value from a year ago, and 0.25 percent higher in the second quarter. For Colorado as a whole, prices rose by 1.82 percent in the past year and by 0.32 percent in the second quarter.
Showing posts with label Local Information- Denver. Show all posts
Showing posts with label Local Information- Denver. Show all posts
Thursday, September 18, 2008
Denver Water Considers Higher Rates
(From an Article in the Denver Business Journal, Sept. 2, 2008) Water’s board will decide Sept. 24 whether to raise water bills by $19 to $33 a year for residential customers, depending on if they live in the city or the suburbs. The agency needs to raise an extra $18.5 million in 2009 to cover rising costs for maintaining and improving its water system.
Other projects in 2009 include the replacement and rehabilitation of aging infrastructure, Hayman Fire watershed recovery work, potential enlargement of Gross Reservoir and expanding conservation education, rebates and incentive programs, the utility said.
Increasing water rates will close that gap, the utility said, since it doesn’t receive any tax dollars.
Under the current proposal for 2009, reviewed by the Denver Water board, Denver residential customers would see their bills increase by about $19.14 a year, on average. Suburban residential customers served by Denver Water would see an increase of $33.12 per year, on average. The effects of the proposed changes on customer bills would vary depending upon the amount of water the customer uses and whether the customer lives in Denver or is served by a suburban distributor under contract with Denver Water.
The utility is also looking at ways to revise its rate structure for 2010 designed to encourage water conservation. Public comment on the 2009 water rate increase and the 2010 rate structure is being taken.
Other projects in 2009 include the replacement and rehabilitation of aging infrastructure, Hayman Fire watershed recovery work, potential enlargement of Gross Reservoir and expanding conservation education, rebates and incentive programs, the utility said.
Increasing water rates will close that gap, the utility said, since it doesn’t receive any tax dollars.
Under the current proposal for 2009, reviewed by the Denver Water board, Denver residential customers would see their bills increase by about $19.14 a year, on average. Suburban residential customers served by Denver Water would see an increase of $33.12 per year, on average. The effects of the proposed changes on customer bills would vary depending upon the amount of water the customer uses and whether the customer lives in Denver or is served by a suburban distributor under contract with Denver Water.
The utility is also looking at ways to revise its rate structure for 2010 designed to encourage water conservation. Public comment on the 2009 water rate increase and the 2010 rate structure is being taken.
Forest City Breaks Ground on 184 acre Park
(From an Article in the Denver Business Journal, Sept. 3, 2008)
Developer Forest City Science + Technology Group broke ground on the 184-acre Colorado Science and Technology Park in Aurora Wednesday. The new park will house an incubator for emerging businesses, a hotel and conference center and a 175,000-foot-foot office building for University Physicians Inc. The Fitzsimons Federal Credit Union also will break ground on the site. During the groundbreaking, Aurora Mayor Ed Tauer unveiled a study that showed that development in the former Fitzsimons Army Medical Center — which includes the Anschutz Medical Campus, The Children’s Hospital and Research Center and a planned veterans hospital — will generate up to $4.5 billion in “annual economic impact” by 2013. Forest City Science + Technology Group is a division of Forest City Enterprises Inc. (NYSE: FCEA, FCEB), a real estate development company based in Cleveland, Ohio.
Developer Forest City Science + Technology Group broke ground on the 184-acre Colorado Science and Technology Park in Aurora Wednesday. The new park will house an incubator for emerging businesses, a hotel and conference center and a 175,000-foot-foot office building for University Physicians Inc. The Fitzsimons Federal Credit Union also will break ground on the site. During the groundbreaking, Aurora Mayor Ed Tauer unveiled a study that showed that development in the former Fitzsimons Army Medical Center — which includes the Anschutz Medical Campus, The Children’s Hospital and Research Center and a planned veterans hospital — will generate up to $4.5 billion in “annual economic impact” by 2013. Forest City Science + Technology Group is a division of Forest City Enterprises Inc. (NYSE: FCEA, FCEB), a real estate development company based in Cleveland, Ohio.
Ascendant, Cobalt Plan Spec Building
(From an Article in the Denver Business Journal, Sept. 4, 2008)
Ascendant Development and Cobalt Industrial REIT II will break ground this month on a 100,000-square-foot speculative light industrial building in the Denver Business Center. The building site is 6.10 acres. Privately held Ascendant Development is based in Denver. The company specializes in buying and developing business parks, plus build-to-suit and speculative office and industrial buildings in the Rocky Mountain Region.
Dallas-based Cobalt Capital Partners, a private equity firm that buys, manages and develops light industrial properties, manages Cobalt Industrial REIT II and its predecessor, Cobalt Industrial REIT I. Together, the REITs own more than 23 million square feet of space in 15 markets.
Ascendant Development and Cobalt Industrial REIT II will break ground this month on a 100,000-square-foot speculative light industrial building in the Denver Business Center. The building site is 6.10 acres. Privately held Ascendant Development is based in Denver. The company specializes in buying and developing business parks, plus build-to-suit and speculative office and industrial buildings in the Rocky Mountain Region.
Dallas-based Cobalt Capital Partners, a private equity firm that buys, manages and develops light industrial properties, manages Cobalt Industrial REIT II and its predecessor, Cobalt Industrial REIT I. Together, the REITs own more than 23 million square feet of space in 15 markets.
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