DENVER-The new study shows that the metro area's retail market posted negative absorption for the first time in two years. The report identifies high-energy prices, rising interest rates and the softening single-family market as the leading culprits.

DENVER-The average room rate at metro-area hotels hits an all-time high, according to John Montgomery of Horwath Horizon Hospitality Advisors. During 2005, room rates increase 7.8% from the average room rate of $87.28 in 2004.

DENVER-RockBridge Capital, LLC closes an $8.21-million first mortgage to refinance the 123-key Hampton Inn & Suites located in the Denver Tech Center. The hotel is aimed at business travelers on extended-stay trips with 93 one-bedroom rooms.

DENVER-Jesse Morreale, a former concert promoter and the co-owner of a nightclub and a restaurant, buys a seedy motel along East Colfax Avenue for about $2.2 million. Morreale plans to turn the motel into a trendy hot spot.

DENVER-Jesse Morreale, a former concert promoter and the co-owner of a nightclub and a restaurant, buys a seedy motel along East Colfax Avenue for about $2.2 million. Morreale plans to turn the motel into a trendy hot spot.

DENVER-The South Denver office team of CB Richard Ellis books a record year in 2005. The company is anticipating that 2006 will be another strong year.

AVON, CO-A Dallas-based company is kicking off a condo unit in Beaver Creek, where units will cost as much as $2.6 million. JMJ Development, through its Colorado subsidiary, clears all presale hurdles and closes on financing for the project.

AVON, CO-A Dallas-based company is kicking off a condo unit in Beaver Creek, where units will cost as much as $2.6 million. JMJ Development, through its Colorado subsidiary, clears all presale hurdles and closes on financing for the project.