Property Types Hospitality
Master Planner Picked for Denver-Area Retail Project
May 5, 2008
By: Dees Stribling, Contributing Correspondent

Plans for the Dacono Gateway Centre between Denver and Boulder, Colo., have come closer to fruition with the selection of a firm to design the project's master plan. Denver-based Norris Design got the nod recently from the developer, Orlando-based Jupiter USA.

The project will encompass more than 500,000 square feet of retail, hotel, restaurant and office space on 132 acres, according to Jupiter USA. The site is at the southeast corner of the junction of I-25 and Colorado 52 about 10 miles east of Boulder, in the town of Dacono, population 4,200.

I-25 is a major artery running through both metro Denver and Colorado Springs, and the highway north of Denver has seen considerable retail development in recent years. Among other projects, south of the Dacono site in Thornton is Larkridge, a lifestyle center currently being leased with a second phase in the planning stages, and in 2006 Dacono itself saw the opening of Furniture Row shopping center.

Privately held Jupiter USA specializes in residential and mixed-use projects in Colorado, the Carolinas, Georgia and Florida. Norris Design specializes in community character, themes and design standards for developers.

 
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$8.9B Penn Gaming Merger Crumbles
July 03, 2008
By Barbra Murray, Contributing Editor After spending the last few months attaining all the requisite approvals from various gaming commissions and boards, Penn National Gaming has put the kibosh on its proposed $8.9 billion merger with PNG Acquisition Company Inc.,...

Colonial Properties Trust Sells 5 Apartment Communities for $82M
July 03, 2008
By Gail Kalinoski, Contributing Editor Colonial Properties Trust, a multi-family-focused REIT, is continuing its plan to dispose of older assets by selling five apartment communities in two transactions for a total of $81.8 million. The buyer or buyers were not...

H&R Sells 11 in Canada
July 03, 2008
By Thomas Peretti, Contributing Correspondent -- H&R Real Estate Investment Trust has announced the completion of the sale of eleven retail properties. The firm netted approximately $72 million from the transaction. The company expects approximately a $9 million return on...

LA Developer Partners with Vegas Officials for Museum, Hotel Redevelopment
July 03, 2008
By Tonie Auer, Southwest Correspondent -- Less than a year after entering the Las Vegas market with the acquisition of the Lady Luck Hotel and Casino, Los Angeles-based CIM Group won a deal with the city to develop land adjacent...

Lightstone Acquires Interests in 20 Outlet Centers in $456M Deal
July 02, 2008
By Barbra Murray, Contributing Editor Lightstone Value Plus REIT will soon have a stake in 20 factory outlet centers, now that it has signed on purchase from 22.54 to 25 percent interests in the properties from affiliates of Arbor Mortgage...

How to K.I.S.S Problems Goodbye
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By Mike Myatt, Chief Strategy Officer, N2growth --Keep It Simple Stupid. One of the most effective ways to order your world is to simplify everything you encounter. The problem is that keeping it simple often becomes very difficult when our...

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How to Reduce Employee Turnover
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