WINDSOR, CO-The potential economic impact of the 1,543-acre project put forth by Great Western Development in Northern Colorado could be massive. According to a new university study, retail and commercial use on the site is estimated to total 1.37 million sf.

DENVER-In the first half of the year, the average occupancy rate increase to 58.8%, compared with 56.3% in the first six months of 2004. The average room rate, while not a record for the year, increases 9.34% to $100.41 from $91.83 a year earlier.

SNOWMASS, CO-Although it was controversial when first proposed, the first phase of a half-billion redevelopment project is under way. Phase one of the project is expected to last two years and will include two new ski lifts, a gondola, a children's center, condominiums, retail shops and a 352,000-sf underground parking garage.

DENVER-With the help of State Rep. Diana DeGette, transportation and infrastructure project will be receiving a $94-million boost. The Denver Union Station, for example, a project expected to have a completed value in the neighborhood of $1 billion, will receive $50 million in federal funding.

DENVER-San Diego-based real estate investment company, Chipster Properties, pays $3.23 million, or $70,000 per unit, for the 46-unit Regent Park Apartments at 1370 to 1376 Columbine St.

GLENDALE, CO-Cherry Creek Plaza I and Plaza II, previously 99% occupied, is now 31% vacant. With plans to turn the buildings' luck around, Denver-based Corum Real Estate Group buys the towers for a mere $29.5 million and prepares for a large-scale renovation.

DENVER-The Cherry Creek North is known for its redevelopment of single-family homes into million-dollar townhomes. Making way for yet another townhome development, a realtor/developer purchases a 70-year-old nursery with intentions of transforming the land.

DENVER-As previously announced, Federated Department Stores will close 68 duplicate units in 66 malls after it completes its acquisition of May Department Stores. In Denver, this means the renaming of 11 Foley's stores, a move that is expected to increase the chain's sales.