LAKEWOOD, CO-The 283-acre site at the corner of C-470 and Morrison Road once eyed by a would-be co-developer of Colorado Mills leaves the domain of the bankruptcy court.

DENVER-Tom Castle rejoins SullivanHayes Cos., where he spent 19 years before starting his own firm, and will also oversee Dunton Commercial Real Estate Co.

DENVER-At $72.50 per sf, the $9.3 million paid by Los Angeles-based Cyburt Ludeman Hall and Angelo Gordon Investors of New York City is more than 60% below replacement value of the Royal & SunAlliance USA building.

DENVER-Tenants absorb 488,600 sf of southeast suburban office space in the third quarter, dropping the availability rate to 22.3% and nudging the asking lease rate to $16 per sf, according to the South Denver Office Team of CB Richard Ellis.

DENVER–The median sales price for area condominiums is $156,000, up $1,000 from a year ago. The average price of $182,445, skewed by more expensive projects, is up 4% from last year.

DENVER-Developers of multifamily, affordable transit-oriented developments in Arvada, Centennial, Denver, Lakewood, Littleton, Northglenn and Westminster also gain access to the Low Income Housing Tax Credit program for equity.

DENVER-Hotel occupancy rates rise almost a full percentage point to 55.3% in October, according to the latest Rocky Mountain Lodging Report, with room rates also edging up to $88.63 a night.

DENVER-Former director of real estate for All Terrain Property Funds Charles J. Berling joins Across America Real Estate Development as executive vice president and managing director responsible for due diligence and coordination of real estate projects.