Denver-area home prices up nearly 10 percent in past year; inventory also rising

Editor’s Note: ‘Our Colorado’ stories help natives and newcomers navigate the challenges related to our rapidly growing state, including real estate and development, homelessness, transportation and more. To comment on this or other 360 stories, email us at OurCO@TheDenverChannel.com. See more ‘Our Colorado’ stories here. DENVER – The number of homes listed for sale in metro Denver rose by nearly 25 percent in May but the increase in inventory didn’t do anything to curtail the upward trend in home prices. The median price of homes sold in the metro area last month was $420,000, according to the latest data from the Denver Metro Association of Realtors. That’s less than half… Read More

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Can Marijuana Solve Denver’s Affordable Housing Crisis?

The city of Denver is considering using funds from the local marijuana industry to support affordable housing. While marijuana tax dollars could provide a new revenue source for much-needed housing, there are concerns about the stability of such funding. A proposal unveiled last month would double the city’s Affordable Housing Fund — from $15M to $30M annually — and generate an estimated $105M in new funding for affordable housing in the next five years. Mayor Michael Hancock’s proposal would increase the city’s 3.5% special tax on recreational marijuana sales to 5.5%, which would bring the total state and local taxes on cannabis purchases to 25.25%. The increase is expected to… Read More

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Planet Fitness To Partner With Denver Boys & Girls Club

DENVER, CO – Franchise owners of Colorado Planet Fitness clubs will donate $5,000 to the Boys and Girls Club of Metro Denver and $5,000 to the Denver Rescue Mission. The Jost family, owners of franchise group Jost ADK, will make the donation to celebrate the first Planet Fitness location in Denver on the second floor of 815 16th Street on the 16th Street Mall, the company said in a statement. The fitness chain calls itself the "home of the Judgement Free Zone®" and provides "free pizza on the first Monday of every month and free bagels on the second Tuesday of every month while supplies last, as a reminder that… Read More

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Denver Is Already a Cocktail City!

Sean Kenyon at one of his bars, Occidental. “What the fucking fuck?” “Who wrote this shit?” “What should I have for breakfast?” Honestly, I am incredibly excited about Death & Company opening in Denver. And you should be as well. The owners, operators and many of the staff are friends and people I have known and respected for many years. They have received worldwide acclaim, and rightfully so: Their bars are well thought-out and their training program is top-notch. Also, they have seamlessly integrated into the Denver cocktail community. They had applicants from all over the world, but they chose to hire locals. From what I’ve seen, D&C has come… Read More

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Denver’s Housing Crunch Has Many Starting To Think Outside The Metro

One of the big selling points for Heather Rubenaker’s new home in Bennet, Colo., was the yard. "We have a huge piece of land," she said. Tired of the tight market in Denver, Rubenaker and her husband looked to the Eastern Plains. Denver’s hot hot housing market might be reaching a boiling point with frustrated buyers. Fed up with record low levels of inventory, climbing prices, a booming population and new construction that’s more focused on apartments than single-family dwellings, many have told CPR News their eyes are turning away from the Mile High City. Heather Rubenaker and her husband were losing what few properties were on the market to… Read More

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Colorado Springs tops Denver to rank No. 2 in magazine’s Best Places to Live list

Colorado Springs topped Denver to take the second-place ranking, behind Austin, Texas, in this year’s list of "Best Places to Live" by U.S. News & World Report magazine. Colorado’s second-largest city moved up nine places from 11th last year, while Denver fell one place in the rankings for the second consecutive year. Austin topped the rankings this year and last year after Denver finished first in the inaugural list. Colorado Springs ranked sixth in 2016. "There are rankings, and there are rankings," Colorado Springs Mayor John Suthers said Monday. "The U.S. News & World Report ranking is very prestigious and compares Colorado Springs against some of the nation’s most dynamic… Read More

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Carvana Shows Colorado The New Way to Buy a Car In Denver

DENVER, CO — From Carvana: Carvana (NYSE: CVNA), a leading e-commerce platform for buying used cars, launched free delivery services in Denver, giving area car buyers wider selection, considerable savings and a superior experience compared to traditional dealerships. Customers can shop more than 10,000 company-owned vehicles on Carvana.com, finance, purchase, schedule as-soon-as-next-day vehicle delivery and even trade in their current car in as little as 10 minutes. Instead of wasting an entire Saturday at the dealership, customers can shop a national inventory of more than 10,000 vehicles on their own terms, from the comfort of home or on the go via their mobile device. Their chosen vehicle is then delivered… Read More

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Colorado SAP specialty IT shop NIMBL acquir

Colorado SAP specialty IT shop NIMBL acquired by Italy’s TechEdge (Video) – Denver Business Journal

A growing Denver information technology firm has been acquired by an Italian company in a deal that could create more opportunity to reach customers needing IT help. TechEdge, a Milan-based IT business, bought Denver’s NIMBL in January. The companies just publicly announced the deal. Financial terms were not disclosed. Becoming part of TechEdge, a larger organization with deeper pockets, should mean good things for NIMBL, Yosh Eisbart, NIMBL’s co-founder and CEO said. “We were financially stable, but we were a bootstrapping company,” Eisbart said. “Now we have so much more possibility. It’s very exciting.” NIMBL employs slightly more than 100 people, about 70 percent of them in Denver. The company… Read More

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The Latest Alec Ogletree News | SportSpyder

Winners and Losers of Broncos-Rams Trade Involving Star CB Aqib Talib

The Los Angeles Rams are getting better by the day, while the majority of NFL teams are waiting until the start of free agency to even take their first steps toward contention during the 2018 campaign. General manager Les Snead agreed to a deal Thursday with the Denver Broncos to acquire five-time Pro Bowl cornerback Aqib Talib for a fifth-round pick, according to ESPN’s Adam Schefter. The deal won’t be finalized until the start of the new league year on March 14. The Rams front office is taking advantage of an inefficient veteran trade market in an attempt to usurp the Philadelphia Eagles’ throne as the NFC’s best squad and… Read More

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Denver approves city's first legal marijuana c

Denver approves city’s first legal marijuana club

DENVER (AP) — Officials in Colorado’s largest city on Monday approved Denver’s first legal marijuana club and joined a small number of business across the country allowing people to consume in states where adult use has been broadly legalized. Denver voters in 2016 approved a ballot measure allowing so-called “social consumption” locations. It took nine months for the city began accepting applications, and industry advocates complained that state restrictions preventing marijuana use at any business with a liquor license and the city’s own rules made it difficult to find an acceptable location. For instance, clubs can’t be located within 1000 feet of a school, day cares or addiction treatment facilities.… Read More

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