Apartment rents and vacancy rates in metro Denver stayed mostly flat as the market absorbed an unexpectedly large number of new units in the first quarter. Developers delivered 5,144 apartments in the first three months. And despite reports from the U.S. Census Bureau of slowing migration to Colorado, tenants absorbed 5,034 of those units, according to the 2024 First Quarter Vacancy & Rent Report for Metro Denver from the Apartment Association of Metro Denver. The Denver market has delivered 27,000 apartments in the past two years, outstripping the historical average of 10,000 deliver ..read more

When John Huggins and his wife Monica Martinez bought 35 Eudora St. in 2007 for $850,000, they wanted to restore the midcentury modern home to its mid-1960s glory. Huggins employed a method he calls “architectural archaeology” to meticulously restore the Hilltop home, a 1966 masterpiece designed by the renowned Denver architect Donald R. Roark. “We tried to stay true to the original owners’ vision and imagination. We wanted to bring back the wild colors, and the source of most of the original colors was already here,” Huggins said. “When we started the renovation, we used architectural archaeo ..read more

Colorado’s spring housing season started quickly in March as the single-family listings statewide increased by nearly 18%. The Colorado Association of Realtors’ latest housing trends report shows that statewide median sales prices and pending/under-contract listings climbed while the average number of days on the market dropped from 63 to 56. “We have entered the spring buying and selling frenzy. Well-priced homes in good condition are being quickly purchased, usually with multiple offers. We still have an inventory shortage,” said Sunny Banka, an Aurora-area realtor. The median price for sing ..read more

A bill that would have significantly grown taxes for thousands of short-term rentals in the state was killed in its first committee hearing late Tuesday even after the sponsor attempted to make changes to the legislation. In its original form, Senate Bill 33 would have required any property used as a short-term rental for more than 90 days per year to pay the state’s lodging tax. Colorado’s property tax assessment rate for lodging properties in 2023 was 27.9%. For residential properties, it was set at 6.765%. Sen. Chris Hansen, a Denver Democrat and prime sponsor of the bill, proposed changing ..read more

The first phase of a project that will transform a large industrial site in the heart of Golden is underway with the start of work on what will become the new global headquarters for CoorsTek. The recent groundbreaking for the first building in the development called Clayworks is being followed by demolition of structures that housed CoorsTek’s manufacturing and research and development work for more than a century. The 182,000-square-foot building will be the new headquarters for the company, which manufactures technical ceramics for such industries as aerospace, defense, energy, agriculture ..read more

The pandemic, rather than crashing housing markets as initially feared, triggered a home price surge unlike any the country has seen, creating an unprecedented amount of wealth. Four years after the arrival of COVID-19, mountain resort communities continue to record the highest rates of home price appreciation in Colorado. At the same time, gains in some central Denver neighborhoods have failed to keep pace with inflation, according to a Denver Post analysis of home price changes in 401 Colorado ZIP codes provided by Zillow. Home price gains range from a nearly 107% gain in Edwards, an unincor ..read more

The wave of recent local brewery closings has pulled another into the undertow. On Monday, Renegade Brewing Co. (925 W. Ninth Ave., Denver) announced it will close in just a couple of weeks, on May 3. The social media post suggested the closure came as a surprise to ownership. Michael Mulcahy, managing partner with Silver Fox Partners, which owns the brewery in the Art District on Santa Fe, declined to elaborate on factors that played into the closure. When reached by phone, he attributed it to “a variety of circumstances, seen and unforeseen.” One certain thing is that head brewer Jack Meyer ..read more

By Josie Taris, The Aspen Times A 12,655-square-foot home on 60.78 acres of ranchland closed on Thursday, breaking the record for the highest-priced residential property ever sold in Aspen or the state of Colorado. Related Articles Real Estate | Founder of CU’s Deming Center lists Boulder ranch for $16.5M Real Estate | Telluride Brewing moving majority of beer production to Durango’s Ska Real Estate | Cherry Creek a magnet for commercial investments as other areas struggle Real Estate | Metro Denver housing market heats up on schedule in March Real Estate | At $110 million, this Aspen ma ..read more

Juan and Alicia Rodriquez created Lodestar Ranch to provide more privacy and solitude. Inspired by I.M. Pei’s design for the National Center for Atmospheric Center in Boulder and the cliff dwellings found in the ancient landscapes of the American Southwest, the 10,720-square-foot mansion constructed in 1997 mimics the vibrant sandstone terrain of the nearby foothills. It sits on a sprawling 55-acre property at 640 S. 68th St. in Boulder County. “I always loved the view coming into Boulder on the turnpike,” Rodriguez said. “The view here is very similar to that.” The two-story, five-bedroom, se ..read more

With its prime location and amenities, McKay Landing, located conveniently near Denver, Boulder, and Fort Collins, is ideal for those who work in these bustling areas but prefer a quieter suburban lifestyle. Sara Frisk with West + Main has lived in McKay Landing for 13 years and says the neighborhood offers the best of both worlds. “We’re 30 minutes from the mountains, from downtown, from DIA, plus the combination of being in the middle of nature’s beauty while having access to modern living accommodations like dining and shopping,” Frisk said. At McKay Landing, commuting is a breeze. With dir ..read more