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Denver Business Journal
Denver apartment complex sells for $23.3M
Another Denver apartment recently traded hands for $23.3 million. <\p> Two LLCs associated with San Francisco-based real estate investment firm Jackson Square Properties purchased Ascent at Lowry, 425 S. Galena Way, on June 13, records show. <\p>
FTC noncompete ban suffers setback
The Federal Trade Commission’s broad noncompete ban suffered a legal setback after a federal judge in Texas ruled against the agency on July 3.<\p> U.S. District Judge Ada E. Brown of the Northern District of Texas, said in a ruling that the agency “lacks substantive rulemaking authority” on the matter and granted a preliminary injunction on the controversial rule that could affect employers in a broad range of industries. <\p>
Data-center debate: Booming CRE sector grapples with big questions
The proliferation of data centers across America is helping to power the nation's increasingly digital economy — but for some, it's coming at too high, or too unknown, of a cost.<\p> The data-center boom isn't new, but the rate at which these projects are being planned, proposed and built is quickly escalating. And while data centers once were concentrated in a few key markets, they're now fanning out to metro areas all over the country.<\p>
A popular job-posting strategy can backfire
Editor's Note: Welcome to The Playbook Edition, a look at stories, trends and changes that could affect your business and career. Want more stories like this in your inbox? Sign up for The Playbook newsletter. <\p> The hiring process sparks plenty of questions for employers and candidates alike. <\p>
Firm buys "rare" find in Denver's Country Club
A Denver real estate firm has purchased a building it considers a rare retail gem nestled in the Country Club neighborhood of Denver.<\p> Public records show City Street Investors recently bought the Downing Street property for $3.1 million. <\p>
Denver company buys suburban apartment complex for $18.6M
A Denver-based real estate investment company has purchased a 102-unit apartment property in Longmont from its original owners for $18.575 million.<\p> Two Arrows Group, the new owners of the 109,210-square-foot property, plan to make interior upgrades to the Eastglen Apartments at 630 Lashley St. The new ownership also also plans to increase rents to market levels, it said in a release announcing the sale.<\p>
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