Denver Business Journal I Dish plans closure of 300 more Blockbuster stores

blockbuster-logoDish Network Corp., which owns the Blockbuster chain of video rental stores, plans to close an additional 300 locations over the next few weeks on top of hundreds closed previously, according to news reports Monday.

The Denver Post’s Howard Pankratz and Andy Vuong quote a spokesman for Douglas County-based Dish (Nasdaq: DISH) as saying that the further closures will leave some 500 Blockbuster locations open nationwide.

That’s the number of Blockbuster stores that Dish said in 2011 bankruptcy-court filings that it planned to leave open after taking over the troubled home-movie chain.

Blockbuster had some 1,700 stores open when satellite-TV company Dish acquired it out of bankruptcy in April 2011 in a deal worth about $320 million; the chain years ago had as many as 9,100 stores before it was battered by the wide availability of movies from Netflix, and others through digital, online and mail-order channels.

Read more:
Re-posted by: Crosbie Real Estate Group

Denver Business Journal | Walmart Confirms Plans for Boulder Store

DAI-Walmart-US-logo 280Retailing giant Wal-Mart Stores Inc. intends to open a Walmart Neighborhood Market store in Boulder this fall, the Daily Camera reports.

Speculation has been rampant for months about Wal-Mart’s plans for Boulder. The company, which was previously denied the chance to open one of its Supercenters in town, now intends to open a smaller Neighborhood Market at Diagonal Plaza.

Diagonal Plaza is off 28th Street and Iris Avenue in north Boulder. The store proposed for the site is about 52,000 square feet, which amounts to a quarter the size of a Supercenter.

Read More:
Re-posted by: Crosbie Real Estate Group

Boulder Daily Camera I Boulder board approves plans for project at 28th and Canyon

Eads News and SmokeA development project that would bring two large hotels and a mixed-use commercial building to the northwest corner of 28th Street and Canyon Boulevard took an important step forward Thursday night when it received conditional approval from the Boulder Planning Board.

Following a nearly four-hour public hearing, a joint redevelopment project for the current sites of the Golden Buff Hotel and the now-closed Eads News and Smoke Shop received unanimous approval.

The plans call for the construction of a full-service, 184-room hotel with a main entrance on 28th Street, plus a select-service hotel with 177 rooms and a main entrance on 26th Street.

The plans also call for the construction of a 38,375-square-foot building at the corner of 28th and Canyon, where Eads stands today, with space for offices, retailers and restaurants.

Read more:
Re-posted by: Crosbie Real Estate Group

Denver Post I Denver’s Highland neighborhood enjoying development resurgence

forsaleThe Highland neighborhood, for the first time, boasts somehigher-end housing that is competing with traditionally tonier Cherry Creek.

The northwest Denver neighborhood has been experiencing a low inventory of newly built condos. In September, not one new-construction condo was on the Multiple Listing Service.

“There is still a huge lack of inventory,” said Paul Tamburello of Red Chair Realty Advisors. “I think the economic downturn didn’t hit Highland as bad, so people were still developing. They trusted that the market was coming back.”

Read more:Denver’s Highland neighborhood enjoying development resurgence – The Denver Post
Re-posted by: Crosbie Real Estate Group

Denver Business Journal I King Soopers to open downtown Denver store

20th-Chestnut3Downtown Denver will soon have a new full-service grocery store, a King Soopers official confirmed Thursday.

The longtime Colorado grocery chain, a unit of Cincinnati-based Kroger Co. (NYSE: KR), signed a contract to build an urban-format store at 20th Street and Chestnut Place on the ground floor of an apartment complex being built by the Nichols Partnership Inc.

Read more:
Re-posted by: Crosbie Real Estate Group I Why Banks Are Rushing to Sell US Debt

100266787-45ce6a86027ac1e5befd77a30a610367456133c9.240x160Banks and financial institutions are leading the pack of global borrowers that have rushed to the U.S. debt markets at the start of the year.

Global corporations began 2013 with a wave of issuance that pushed total bond sales in the U.S. over the $40 billion mark in less than a week. But no group of borrowers has been more aggressive than banks and financial institutions.

CitigroupAllstate, and MetLife, among others, were joined by the U.K.’sStandard Chartered and Italy’s Intesa Sanpaolo, sending dollar-denominated sales of bank debt to $14.3 billion so far this year, according to Dealogic. In a single blockbuster sale, Bank of America offered $6 billion in three parts on Tuesday. That was the largest bond sale so far in 2013.

Banks are rushing to squeeze in as many sales as possible ahead of the so-called quiet period, which precedes the release of their quarterly earnings reports, analysts said. Wells Fargo kicks off the US bank results season on Friday, withJPMorgan Chase, Citigroup, Morgan Stanley, and Goldman Sachs coming next week.

Read more:
Re-posted by: Crosbie Real Estate Group

QSR Magazine I Denver No. 1 in QSR Magazine’s Growth 40 Report

Screen Shot 2013-01-08 at 7.35.42 PM

According to QSR magazine’s third-annual Growth 40 report, Denver is the No. 1 large market in the U.S. for quick-service restaurant growth potential.

“Denver has a lot of things going for it: population growth, a thriving business climate, and a popular food and beverage scene,” says Sam Oches, editor of QSR. “And between 2011 and 2016, the city’s quick-service traffic is expected to increase 11 percent. These and other factors will contribute to it being a popular destination for limited-service brands.”

Read more:
Re-posted by:  Crosbie Real Estate Group