Developer planning hotel pays $20M for land by RiNo’s Mission Ballroom

Denver-based developer Westfield Co. has sold about 2 acres within its 14-acre North Wynkoop project, and the buyer plans to develop a mix of uses including a hotel. Westfield sold the land at the southeast corner of Brighton Boulevard and 42nd Street to Hotel Wynkoop LLC. Records show the purchasing entity is affiliated with Pebb Capital, an investment firm with […]

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Zeppelin sells Source Hotel in Denver’s RiNo neighborhood for $70M

Developer Kyle Zeppelin has unloaded his most eye-catching local asset. On Wednesday, the head of Zeppelin Development sold The Source Hotel + Market Hall in RiNo to Los Angeles-based Stockdale Capital Partners for $70 million. “It’s not been an easy decision, but I think the market is in the right place,” Zeppelin said of the sale. The eight-story hotel at […]

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Daughter of billionaire businessman selling Wash Park mansion for $6M

The daughter of David Bonderman, a billionaire businessman and co-founder of the Seattle Kraken hockey team, has put her Wash Park home on the market for $6 million. Samantha Holloway listed her 8,300-square-foot home at 1001 S. High St. at the end of July. Holloway was appointed chair of the executive committee of Seattle Hockey Partners, the group that guides […]

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China set to lower lending benchmarks to revive wobbly economy

SHANGHAI (Reuters) – China is widely expected to lower its benchmark lending rates on Monday, a Reuters survey showed, with a vast majority of participants predicting a deeper cut to the mortgage reference to lift the ailing property sector and the overall economy.FILE PHOTO: People wearing protective masks visit a main shopping area, following new cases of the coronavirus disease […]

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Brian Stelter Leaving CNN After Cancellation of ‘Reliable Sources’

Chris Licht, the new chairman of CNN, has told employees that he is retooling the network’s programming. Send any friend a story As a subscriber, you have 10 gift articles to give each month. Anyone can read what you share. This article is part of our Daily Business Briefing By Benjamin Mullin CNN is canceling “Reliable Sources,” its long-running media […]

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Gas-powered muscle cars drive into the sunset, turn electric

PONTIAC, Mich. — Thundering gas-powered muscle cars, for decades a fixture of American culture, will be closing in on their final Saturday-night cruises in the coming years as automakers begin replacing them with super-fast cars that run on batteries. Stellantis’ Dodge brand, long the performance flag-bearer of the company formerly known as Fiat Chrysler, is officially moving toward electricity. On […]

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Western Colorado county takes second look at large-scale solar project

A proposed solar-energy farm in western Colorado that would provide local power is getting a second chance after an initial rejection and is attracting attention from solar advocates who say it could set a statewide precedent. In a meeting Tuesday, the Delta County Commissioners will reconsider a plan by Denver-based Guzman Energy for an 80-megawatt solar installation across 472 acres. […]

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U.S. producer prices fall in July; weekly jobless claims rise

(Reuters) -U.S. producer prices unexpectedly fell in July amid a drop in the cost for energy products and underlying producer inflation appears to be on a downward trend, while jobless claims rose for a second straight week in a labor market that remains tight.FILE PHOTO: A sign outside a McDonalds restaurant reads “Now Hiring” in Augusta, Georgia, U.S., April 11, […]

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Shelves may be full, but back-to-school shoppers face sticker shock

Most store shelves are better stocked this year for back-to-school shoppers, but the sticker shock is another matter. Last year, pandemic-induced snarls in the supply chain made it harder to find such items as backpacks and sneakers. This year, even though supply-chain problems persist, stores seem to be well-stocked. But high energy prices and the fastest-rising inflation rates in decades […]

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More than 13,000 new LLC filers benefit from lower fees in Colorado

Colorado businesses have saved more than $750,000 following a reduction in filing fees for new LLCs and trade names that took effect on July 1, according to a news release Monday from Colorado Secretary of State Jena Griswold. The Colorado Business Fee Relief Act, passed in May, reduced new LLC registration fees from $50 to $1, and the fee for […]

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