Developers lease mansion: Developers Erik Eiland and Scott Grose are leasing a Grant Street mansion for their newly formed Frontier Development Cos. Inc.
The partners signed a two-year lease for the 17,287-square-foot building at 1556 Grant St.
Owners Mary Baum and Dan Arensmeier listed the building late last year for $2.75 million, then pulled it off the market.
Med building to top out: Topping out on an 80,000- square-foot medical office building at Medical Center of the Rockies in Loveland is expected by mid-September.
The three-story building, being developed by McWhinney, is on track to open in February concurrently with the $240 million medical center.
The project is being built at Centerra, a 3,000-acre master-planned community that includes the Promenade Shops at Centerra, northern Colorado’s first lifestyle center.
Dispute goes to shareholders: A residents group is taking a 19-year-old dispute over demolition of a Venice, Calif., apartment complex to the ownership company’s shareholders.
The Lincoln Place Tenants Association is asking shareholders of Denver-based Apartment Investment and Management Co. to put pressure on the company to leave the 40 remaining residents in their homes.
AIMCO, the nation’s largest owner and operator of apartment complexes, has relocated the majority of the residents of Lincoln Place apartments since it purchased the property two years ago.
“In October 2005 and April 2006, we offered all the existing residents the opportunity to live there at the same rent for life,” said AIMCO spokeswoman Cynthia Eichner. “Those offers were rejected by the Lincoln Place Tenants Association.”
Latinos partial to urban areas: Latinos, who account for more than 40 million U.S. residents, are more likely than other households to buy in urban areas and to rely on real-estate professionals when determining what they can afford, according to the National Association of Realtors.
At the same time, they use real-estate agents less than other buyers to help them find a place to buy.
Staff writer Margaret Jackson can be reached at 303-954-1473 or mjackson@denverpost.com.
