The Docket: Real estate lawsuit roundup for 12.7.23
BusinessDen
by Justin Wingerter
12h ago
The Alfred A. Arraj U.S. Courthouse at 901 19th St. in downtown Denver. (BusinessDen file) Adams District Court Yes Leasing v. DSG Excavating LLC dba DSG; Daniel Eloy Guzman aka Daniel E. Guzman aka Daniel Guzman, individually The plaintiff claims that it is owed $99,301 for excavation equipment rentals. Attorneys: Bill Peterson, Sarah Young and Jonathan Lebsack, Miller Cohen Peterson Young P.C. Filed: 11/21/2023 23cv31646 Kevin Koster v. Adams County Assessor’s Office; Adams County Board of Equalization The plaintiff appeals the defendants’ valuation of 14265 Inca St. in Westminster. Attorn ..read more
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Cherry Hills exec avoids prison as child sex charges dropped for misdemeanor
BusinessDen
by Justin Wingerter
12h ago
The Arapahoe County Justice Center at 7325 S. Potomac St. in Centennial on Friday, Feb. 17, 2023. (BusinessDen file) An insurance executive in Cherry Hills Village who had been accused of child sex assault pleaded guilty Wednesday to a much lesser charge that allows him to avoid prison. Charles “Chuck” McDaniel, 62, pleaded guilty in a Centennial courtroom to misdemeanor harassment as part of a plea agreement with prosecutors that afternoon. Their agreement, which was approved by a judge, requires McDaniel to spend one year on probation, avoid contact with his victim and take a class on sexu ..read more
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Industry building in RiNo defaults on $29M loan; receiver appointed
BusinessDen
by Thomas Gounley
12h ago
The Industry Denver building at 3001 Brighton Blvd. (BusinessDen file) Distressed office space has bled into RiNo — and newer product. The owner of Industry Denver at 3001 Brighton Blvd. defaulted on the office building’s loans last month when it failed to pay them off upon maturity. That’s according to a lawsuit filed Tuesday by the building’s lenders, two affiliates of New York-based American International Group, or AIG. AIG collectively loaned nearly $32 million secured by the property in October 2016, and said it is owed $28.67 million. The firm asked the court to appoint a receiver to m ..read more
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Cap raise, SBA loan fund Westbound & Down purchase of Aspen-area breweries
BusinessDen
by Maia Luem
12h ago
Westbound & Down’s brewery in Idaho Springs. (Courtesy Westbound & Down) Idaho Springs-based Westbound & Down acquired Aspen Brewing and Capitol Creek Brewing over the weekend, and a capital raise from the summer hints at the purchase price.  Jake Gardner, director of brewing at Westbound & Down, said the brewery started raising cash back in June, when the deal was barely fermenting.   “We didn’t want to go into any business venture undergunned,” Gardner said. “So, a combination of borrowed money and raised cash injection is what got this deal done and gave us ..read more
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‘Extortion demand’ stopped $60M sale of offsite DIA parking, lawsuit says
BusinessDen
by Justin Wingerter
12h ago
Parking shuttles and other vehicles drive towards Denver International Airport. (Courtesy Denver International Airport) The halted sale of a $60 million parking lot near Denver International Airport has led two of the lot’s co-owners to accuse a third co-owner of extortion. USAirport Parking, west of the airport at 18000 E. 81st Ave. in Commerce City, first opened in 1998. Its shuttle lot offers covered and uncovered parking, along with oil changes. In January, Green Courte Partners, a Chicago company that owns The Parking Spot chain, offered to buy USAirport Parking for $57 million, accordi ..read more
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‘Extortion demand’ stopped $60M sale of offsite DIA parking, lawsuit says
BusinessDen
by Justin Wingerter
2d ago
Parking shuttles and other vehicles drive towards Denver International Airport. (Courtesy Denver International Airport) The halted sale of a $60 million parking lot near Denver International Airport has led two of the lot’s co-owners to accuse a third co-owner of extortion. USAirport Parking, west of the airport at 18000 E. 81st Ave. in Commerce City, first opened in 1998. Its shuttle lot offers covered and uncovered parking, along with oil changes. In January, Green Courte Partners, a Chicago company that owns The Parking Spot chain, offered to buy USAirport Parking for $57 million, accordi ..read more
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Councilwoman says no to ex-Denver Post building buy as others seek $89M appraisal
BusinessDen
by Thomas Gounley
2d ago
The building at 101 W. Colfax Ave. opened in 2006. (BusinessDen file) One Denver City Councilwoman said Tuesday she plans to vote against the city’s proposed purchase of the former Denver Post building, while other council members pushed to see the appraisal justifying the $88.5 million price tag. District 8 Councilwoman Shontel Lewis, who assumed office in July, told BusinessDen Tuesday afternoon that she’s currently a “no” on the buy. “There was insufficient due diligence searching for property with appropriate office space when comparable office space exists nearby projected to cost 1/5 o ..read more
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Bagel shop to open in former Denver Bread space in West Highland
BusinessDen
by Matt Geiger
2d ago
Odell’s Bagel will open at 3200 Irving St. in Denver. (Courtesy Mile Odell) A former Highlands bakery space is getting a little more specialized. Odell’s Bagel is slated to open in 4,800 square feet at 3200 Irving St., formerly home to the Denver Bread Co., which closed over the summer. Owner Miles Odell, 32, said he’s targeting a May opening. The plan is to serve bagels by day and to run a 12-seat chef’s table by night. “I’ve always loved bagels … I grew up in New Jersey,” Odell said. “I’ve been perfecting my bagel recipe for 10 years.” Still, the focus is something of a twist for Odell, wh ..read more
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New York coworking firm takes floor in downtown tower
BusinessDen
by Maia Luem
2d ago
Coalition Space is opening at 1660 Lincoln St. in downtown Denver. (Courtesy Coalition Space) Spencer Rothschild thinks coworking has bottomed out. Industry giant WeWork, of course, is bankrupt. A coworking firm’s downtown Denver tower is in receivership. And local coworking pioneer Galvanize has exited the coworking industry locally. Spencer Rothschild But the CEO of New York-based Coalition Space thinks the industry has a bright future. Coalition will open its first Denver location this January.  “I think in the rearview mirror is the bottom,” Rothschild said. “WeWork makes the head ..read more
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River Mile developer partnering on RiNo residential, hotel project
BusinessDen
by Thomas Gounley
2d ago
A rendering of the project. (Courtesy Revesco Properties/Menalto Development) Rhys Duggan has a couple more blocks of riverfront property. The CEO of Denver-based Revesco Properties, which plans to turn Elitch Gardens into a new neighborhood called The River Mile, is partnering with a RiNo landowner to redevelop 3 acres near the Pepsi facility. Rhys Duggan Revesco and Bernard Hurley’s Menalto Development plan to build two structures — one of them with two towers — between Chestnut Place and the South Platte River, from 36th to 38th streets. Plans call for an apartment tower, a hotel tower ..read more
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