Recent Links - July 20th

by Osman Parvez

Circle Capital Partners are on the move again. They've acquired 9 buildings and over 900,000 sqft of prime office space in downtown Denver from the Blackstone Group and JER Partners in a deal valued above $100MM.

The Globeville metal processing plant operated by Asarco is expected to be sold to a developer in the coming weeks. Located at I-25 and I-70, the plant has long been controversial for environmental reasons and a cleanup could cost $8-10MM. Details to be announced as early as next week.

Will the Governor have the ability to exclude forest land from development? The state is inching closer to giving the Gov. the power to limit development on portions of the 4 million acres of Forest Service land in Colorado.

Are websites public property? On July 13th, the Federal Trade Commission declared a popular Texas de facto public property. The core of the disagreement was over the type of listings allowed on the site. Under the proposed order announced today, The Austin Board of Realtors would no longer have the right to decide the content of its own website. For at least the next 10 years, the FTC will make those decisions. The comment thread on this article is particularly interesting.

Remember those heavy rains last week? About 200 homeowners in Douglas County are no longer able to get to their property and it could be weeks before access is restored.

Looking for info on 29th Street? One of your first stops should be the Daily Camera. They've put together a great site outlining the 29th Street Development project and tracking its completion .

M.D.C. Holdings operating as Richmond American Homes will pay $675K in fines for an illegal practice called Captive Title Reinsurance. This followed the $24MM settlement reached with First American Title in February. Once again, don't just shop around for a real estate agent. Be sure to choose your lender and title company carefully.

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