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Furniture Row buys Watkins land for $6.5M

The Kensington Apartments, 1450 S. Reed St., Lakewood 80232 - This 42-unit apartment property has been purchased by Kensington LLC of Lakewood for $2.13 million, or $50,595 per unit. The seller was Mann to the Fifth Power Enterprises Inc. of Bayfield, east of Durango. Pinnacle Real Estate Advisors LLC of Denver represented the buyer.  Read full article

http://www.bizjournals.com

Keen interest in apartment properties, says LoopNet

Investors shopping for Denver-area commercial real estate to buy looked hardest at apartment properties recently, according to LoopNet.com.  Read full article

http://denver.bizjournals.com

Denver business tenants take advantage of office-space bargains, concessions in Q2

Tenants leasing office space in metro Denver continued to capitalize on the availability of space, bargain rental rates and "generous" concessions in the second quarter, according to a PricewaterhouseCoopers LLP report Friday.  Read full article

http://denver.bizjournals.com/

Denver rated America's 8th-best city for young professionals

Denver ranks No. 8 on this year's Forbes list of the best large cities where a recent college graduate can get a strong start on a high-powered career.  Read full article

http://denver.bizjournals.com/

Apartment seekers willing to pay more to be near light rail

Proximity to transit ranked second only to geographic location as a driver in resident leasing decisions, the survey found. Common-area amenities were the third-most important.  Read full article

www.denverpost.com

Denver Is the Most Improved U.S. Housing Market

In Denver, the economy and employment slowed just as other areas did during the recession, but things appear to be moving in the right direction this year. Denver area home prices increased 5.8 percent year-on-year in the first quarter as sales grew and distressed sales fell, according to data from data company CoreLogic in Santa Ana, Calif.  Read full article

www.businessweek.com

Denver offering $12M in stimulus loans to redevelop foreclosed apartments

To qualify for the loans, a multifamily project must have five units or more - which makes it an apartment complex - and be located in eligible NSP2 neighborhoods. Those residential areas include Montbello, Green Valley Ranch, Northeast Park Hill, Elyria Swansea, Cole, Clayton, Chaffee Park, Globeville, Sunnyside, West Colfax, Villa Park and Westwood.

Projects in other areas might be eligible, on a case-by-case basis, according to the OED.  View full article

http://denver.bizjournals.com