Denver firm acquires two Marriot hotels in Fort Collins

By Doug Storum FORT COLLINS — Denver-based Rockies Lodging Capital has acquired two Marriott hotels in Fort Collins. The acquisition price was not disclosed, and the deal had not yet been posted in Larimer County public records as of Friday. Rockies Lodging Capital, formed in 2014 by Stephen Mills and Phillip Hutchins, acquired the 113-room Residence Inn at 1127 Oakridge Drive and the 112-room Courtyard at 1200 Oakridge Drive from Southwest Value Partners, which is based in San Diego. Southwest Partners had acquired the two hotels in a three-hotel deal in 2011 that included the Marriott at 350 Horsetooth Road for $20.5 million.… Continue Reading...

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Boulder Housing Partners closes $46.5M deal for Tantra Lake Apartments

By Doug Storum BOULDER — Boulder Housing Partners has acquired a 185-unit apartment community in south Boulder to create a mixed-income community. BHP, the city’s housing authority, paid $45.6 million for Tantra Lake Apartments at 1000 W. Moorhead Circle, including $7.3 million from the city of Boulder’s Affordable Housing Fund and the Community Housing Assistance Program Fund. “The greenest, fastest and least disruptive path to achieve our community’s affordable housing goals is to purchase existing housing where the rents are appreciating at a pace far faster than income is,” Betsey Martens, executive director of BHP, said in a prepared statement.… Continue Reading...

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Unemployment in Boulder, Larimer, Broomfield counties up slightly in February

By Doug Storum DENVER — The estimated unemployment rate in three of the four counties that make up the Boulder Valley and Northern Colorado increased slightly in February compared with the previous month, according to a report released Friday by the Colorado Department of Labor and Employment. The report on counties is based on a monthly survey of households and is not adjusted for seasonal workers. Boulder County’s 2.8 percent unemployment rate in February was up from 2.6 percent in January; Larimer County, 3 percent, up from 2.9 percent in January; Broomfield County, 3.1 percent, up from 3 percent in January.… Continue Reading...

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Werley joins BizWest to report on tech, natural products, outdoor industries

By BizWest Staff Jensen Werley, formerly a business reporter with the Jacksonville Business Journal in Florida, has joined BizWest as a reporter. Werley spent three years at the Jacksonville Business Journal, owned by American City Business Journals and a sister publication to the Denver Business Journal. At BizWest, Werley will cover technology and startups — two beats that she covered in Jacksonville — as well as the natural-products, outdoor and cannabis industries. “I was extremely impressed with what Jensen accomplished in Jacksonville,” said BizWest editor and publisher Christopher Wood. “Her experience covering technology and startups, as well as manufacturing, sustainability, energy and other sectors, will serve her well in the Boulder Valley and Northern Colorado.… Continue Reading...

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