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REAL ESTATE
Local company is among group charged with racial discrimination in a Denver housing appraisal
The U.S. Department of Housing and Urban Development (HUD) has charged a group of appraisers and lenders with housing discrimination in Denver, alleging the companies involved undervalued a homeowner’s property because she is Black. HUD announced the charge Monday against the appraisal company Maverick Appraisal Group, appraisal management company...
Denver Home For Sale is a Colorful Blast From the Past
Colorado's vast real estate market ranges from mega-mansions in the mountains to lovely log cabins in the woods. Whether a buyer is searching for a starter home, rental property, or their forever residence, the list of available places to live is always changing in the Centennial State. Denver Home For...
Housing construction on the decline in Denver
Data: Census Bureau via housingdata.app; Chart: Axios VisualsDenver is poised to see an 18% drop in new housing units in 2024, according to Census Bureau data.Why it matters: The housing shortage is what's driving high prices in Denver.By the numbers: The total projected housing units this year is expected to reach 17,000, or 56.5 per 10,000 residents. That's down from the roughly 20,600 built in 2023, the data shows.The big picture: The local figures reflect a national downturn as higher interest rates for home loans pinch construction, according to the National Association of Home Builders.Labor and lot shortages are also weighing on builders, per the group's latest survey.What we're watching: The Biden administration recently awarded Denver a $4.5 million grant to address the issue. The city will use the money to streamline permitting and offer loans to affordable housing developers, both steps that officials suggest will boost construction in the future.
Kairoi Takes Over Leasing and Management of 2 Denver Apartment Buildings
Kairoi Residential, a premier vertically integrated multifamily investment, development, and property management company, has been selected to provide leasing and property management services for two Denver metro area apartment buildings. The properties are:. Infinity LoHi, located at 2298 West 28th Avenue. The property has 273 units for rent. Amenities include...
Pacific Ventures Acquires Master-Planned Community in Aurora
California-based Pacific Ventures Management LLC, in conjunction with Avanti Properties Group, has acquired the Horizon Uptown master-planned community in Aurora. Pacific Ventures will be the master developer and responsible for the development, management and future planning of the community. Horizon Uptown is strategically located at the intersection of I-70 and...
The Colorado Trust Relocates HQ to The Hub North in RiNo
Tributary Real Estate, a commercial real estate brokerage firm based in Colorado, announced the successful lease negotiation for The Colorado Trust‘s new 14,000-square-foot, full-floor headquarters at The Hub North in RiNo. The Colorado Trust is a private philanthropic foundation that was founded in 1985 and makes grants statewide. The...
Haroun Cowans: Positively Impacting Communities through Real Estate Development Projects
In March 2023, The New York Times shed light on the poor representation of the Black community in the real estate space. It reported that out of the 111,000 commercial real estate development companies, only 464 were run by African Americans. In view of that, the accomplishments of Haroun Cowans, Founder and CEO of Goshen Development, are truly remarkable and inspirational. He is an exemplary representative of the underrepresented population in real estate. “I’m proud to represent the culture and community I come from, and I’m driven to be a great representative and steward of this [real estate] work,” he says.
Compass lands top agents in Florida, Colorado
Compass has nabbed a pair of top agents to add to its teams in Florida and Colorado. Bonnie Heatzig is coming over from Douglas Elliman, bringing her extensive knowledge to the Boca Raton, Florida-based team at Compass. She has more than 20 years of experience in luxury real estate, selling more than $170 million in volume over the past four years.
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