The general rule is simple: A restaurateur’s occupancy cost – rent plus interrelated fees – shouldn’t exceed 10 percent of gross sales. For many local joints, though, it’s become challenging to operate within those parameters.
Pueblo became known as the Pittsburgh of the West, with affordable living, open space and parks. It was devastated by the 1982 steel crash and recession, but it's coming back stronger than ever.
Rents for the office buildings that make up the Denver’s skyline have jumped into record territory in 2016 — an average of $40.06 per square foot, 9.7 percent higher than the first quarter of 2015.
The large cost advantages for non-metro producers will allow lower price points for a comparable quality product. These large price drops will have a huge impact on growers with much higher fixed costs; as a result, they ultimately will be unable to compete.
We are witnessing an explosion in the number of $1 billion-plus projects with some exceeding $100 billion. But even these are merely scratching the surface of the extreme megaproject growth that will happen over the next decade.
8z Real Estate has wholeheartedly adopted its mission statement: “Real Estate is broken, we are fixing it.”
Over the years, Tejon Street went from a thriving streetcar hub with commercial centers and residences to a neglected neighborhood. But in the last decade, with about $100 million invested in the corridor, Tejon has bounced back.
The potential rewards may make Denver real estate difficult to resist – but be cautious. At some point, supply may catch up to demand, sales may slow and values may stabilize or potentially decline. And without careful financial planning, an investor can be put into a complicated cash crunch.
Over the next 15 years, the number of people in Colorado age 65 or older is expected to more than double, creating a high demand for senior living facilities that offer more than the sterile, institutional nursing homes of the past that frightened children visiting elderly relatives.
Traditionally, human resources departments contract with third-party service providers to relocate out-of-state employees. Why not consider a new solution that is more cost-effective for employers and provides a higher level of satisfaction?
Denver continues to be one of the hottest housing markets around. In my last article, Has Denver lost its mojo?, I outlined the key drivers of the Front Range housing market success. The million dollar questions are: How long can this appreciation continue? And what ― if anything ― will change the current trajectory?
Sterling is overseeing a downtown beautification project on a 700-foot stretch of run-down railroad property, says Kim Sellers, executive director of the chamber with offices in a 1903 renovated Union Pacific train depot.