DENVER-Direct vacancies are down, as space is absorbed in the metro Denver market. Moreover, new construction has virtually stopped, which bodes well for the industrial market.

DENVER-The apartment vacancy rate in the metro Denver area is at its highest level since 1986, when the market was suffering from the oil boom crash, according to the Denver Metro Apartment and Vacancy Report.

DENVER-Bear Valley Office sold the 63,770-sf Bear Valley Office Complex in southwest Denver for $4.05 million after buying the property for only $1.15 million in 1994.

HIGHLANDS RANCH, CO-The credit card company has paid nearly $200 per sf for the building it currently occupies in its entirety, after exercising its right to buy under its lease agreement.

DENVER-Walter Rakowich, CFO of the behemoth industrial REIT, is bullish on its future, in spite of first-quarter 2003 numbers that weren't as strong as last year's. He notes that major long-term expansion for ProLogis lay in China and, less expectedly, Japan.

DENVER-David Anthony Leuthold has been named VP of brokerage to help lease the company's Denver holdings in addition to concentrating on historic and architecturally significant downtown properties. Heavy Hitter, Victor Cortes, was appointed to Development Project Manager.

DENVER-Local builders applaud Gov. Owens' signing of House Bill 1161, which limits the monetary and repair awards to property owners who sue builders, despite arguments from consumer groups and trial lawyers.

DENVER-Acting together, the city and county have obtained a temporary restraining order (TRO) closing parts of the Regency Hotel deemed unsafe by the two governments.