It is 2:49 PM in Denver righ now. It is raining cats and dogs in the Tech Center!

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The Streets at SouthGlenn Announces Colorado Grand Opening

The Streets at SouthGlenn Announces Colorado Grand Opening
One of Nation’s only Mixed-Use Centers to Open in Centennial, CO on August 28, 2009

CENTENNIAL, CO. August, 25 2009 – On Friday, August 28, The Streets at SouthGlenn, one of the country’s only large scale, mixed-use projects to open this year, will celebrate its grand opening festivities with the public. This three day celebration marks the completion of a historic project and sets a new benchmark for collaborative re-development. All weekend long, shoppers can experience “life on The Streets” exploring new retailers and restaurants while interacting with entertainers including stilt walkers, jugglers, human statues, face painters, balloon artists and musical acts.

“The Grand Opening of The Streets at SouthGlenn is monumental for not only the area but the shopping center industry. In a time where shopping center openings are delayed indefinitely, we are extremely proud to bring The Streets at SouthGlenn to Centennial and south Denver,” said Don Provost, principal of Alberta Development Partners. “Our vision has always been to bring urban character and charm to an area where people can gather for shopping, dining, entertainment and outdoor community events. We are finally about to bring that vision to a reality.”

The Streets at SouthGlenn is a $310 million, 77 acre infill project where the developers razed the previous 1972 era Southglenn Mall to make way for the new mixed-use center. Comprised of 1.2 million square feet of retail, 140,000 square feet of Silver LEED certified, Class A office space, and 202 luxury apartments, the project combines national retail shops, local boutiques, restaurants, a health club and entertainment options in a completely unique outdoor setting. The Streets at SouthGlenn is also home to the Commons, a classic, urban park, with a grand European fountain, antique brick fireplace, 30 feet tall legacy trees, lush gardens and outdoor cafés.

The entire community is invited to celebrate a weekend full of activities starting Friday at 9:00 a.m. with a ribbon cutting ceremony. Shoppers can enjoy food and entertainment as they experience South Denver’s newest shopping destination. The Streets at SouthGlenn is the newest project to come online from area developer, Alberta Development Partners, LLC. Alberta Development Partners has deep Colorado roots with previous mall openings including Southlands and Cornerstar both in Aurora, CO.

The grand opening of the 1.5 million square foot shopping destination will include an 18,000 square foot Arapahoe Public Library, flagship Whole Foods, Grapes Wine and Liquor, Best Buy, Dick’s Sporting Goods, Bar Louie, Mellow Mushroom, Chrysallis, Kismet, Color Me Mine, The Oven, Salon AKA, 720 Board Shop, Diego Zhang’s, Larry Johnson Gallery, Bouquets and many more. Hollywood Theaters, a 14 screen with reserved seating theater, will open this fall along with more retailers and restaurants and 24 Hour Fitness, a 48,000 square foot Super Sport, will be debuting this winter. The Portola at SouthGlenn, a 202 unit luxury rental community at the location, includes five elegant and contemporary floor plans ranging from 560 SF to 1834 SF.

Located at the crossroads of University Boulevard and Arapahoe Road, The Streets at SouthGlenn, 6851 S. Gaylord Street, is minutes away from C470 and I-25 and is the ideal location to live, work or play.
In addition to the ribbon cutting at 9:00 a.m. on Friday August 28th, festivities for The Streets at SouthGlenn will include in-store promotions, radio remotes, entertainment, giveaways and food for all shoppers, as well as a movie night. On Saturday, August 29th the action continues at 10:00 a.m. and runs through 5:00 p.m. with entertainment and giveaways and a live concert in the park. The grand opening celebration concludes on Sunday, August 30th from 10:00 a.m. until 5:00 p.m. with more food, giveaways and entertainment for everyone!

For more information on The Streets at SouthGlenn and the grand opening festivities along with a complete listing of retailers and restaurants, visit http://www.shopsouthglenn.com or call 303-771-4004.

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Arapahoe County seeking citizens to serve on the Cultural Council

The Arapahoe County Board of County Commissioners has openings on the Cultural Council and is seeking applications from residents who are interested in helping their community. There are two openings for an Aurora representative, one opening for a Centennial representative and one opening for an Englewood, Littleton and Sheridan representative. Qualified applicants must be residents of Arapahoe County and must reside in one of these areas to apply for these positions.
The Cultural Council considers which nonprofit organizations and government entities in the county will receive its share of money from the metro-wide Scientific and Cultural Facilities District sales tax. Note from Andrea: This is the money distributed from the Colorado lottery.
The application deadline is Sept. 4, 2009. Interested residents can apply online. To fill out an online application, visit the County’s web site at http://www.co.arapahoe.co.us and click on online tools. Applications also are available at the Commissioners’ Office in the County Administration Building, 5334 S. Prince St., Fourth Floor, Littleton.
For more information on a particular board or to request an application by mail, call Carol Dosmann at the Commissioners’ Office at 303-795-4531.

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Inside Real Estate News, an insiders blog for Colorado real estate industry professionals 08-24-2009

http://insiderealestatenews.com/

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NEW YORK TIMES ARTICLE 08-24-2009

Index Shows an Improvement in Home Prices
By DAVID STREITFELD
Published: August 25, 2009

House prices continued to improve in June as a modest spring recovery started to strengthen, according to data released Tuesday.
Standard & Poor’s Case-Shiller Home Price Index showed that prices in 20 major cities increased 1.4 percent during the month, nearly triple the rate of growth in May.
“May’s glimmer of stabilization has held up,” said Maureen Maitland, vice president for index services at Standard & Poor’s. She cautioned, however, that “we need a few more months of progress to start talking about a real recovery.”
Housing prices are still down sharply in comparison to last year’s figures. The 20-city composite index is off 15.4 percent. But this too is a marked improvement from its record loss of 19.1 percent last winter. Average home prices are now at the level they were in early 2003.
The Case-Shiller Index is usually reported without any seasonal adjustments. Since home-buying traditionally is strongest in the spring, that prompted criticism last month that the long-awaited improvements were less than they seemed.
On a seasonally adjusted basis, the index was flat in May. With June’s numbers, there is genuine upward movement, with the index rising 0.7 percent. It was the first increase since January 2006.
Michael T. Darda, chief economist of MKM Partners, called the June report “highly encouraging.”
“The interaction between falling home prices with high household debt loads was the trigger point for the 2007-2008 financial crisis, resulting in both the longest and deepest recession in postwar history,” he wrote in a research note. “Now, though, it would appear that the tide is turning.”
Eighteen of the cities in the index improved in the month. Cleveland rose 4.2 percent from May, Minneapolis was up 3.1 percent and San Diego was up 1.6 percent.
The two cities that declined were Detroit and Las Vegas, among the most economically troubled places in the country. Las Vegas prices are now down 54.3 percent from its peak. Detroit has fallen 45.3 percent.
On a seasonally adjusted basis, the improvement in June was less dramatic but nevertheless real. Fifteen cities saw prices increases, and five saw declines.
“Now that we’re moving out of the seasonal buying period, the question becomes: Is this going to hold up?” Ms. Maitland said.
There is some evidence that the answer is no.
Prices were pushed down last year by an abundance of cheap foreclosures. This spring, fewer foreclosures have prompted bidding wars that have lifted their prices. But with unemployment nearing 10 percent, there are probably many more foreclosures to come.
Some firming in the market is also coming from the rush to buy in advance of the December expiration of an $8,000 first-time buyers’ tax credit.
In addition to helping prices, these factors are also spurring sales. The National Association of Realtors reported last week that existing home sales in July rose for the fourth consecutive month for the first time since 2004. July sales were 5 percent above the pace in July 2008, the first year-over-year gain since the market peaked in November 2005.

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Real Estate Weekly: Foreclosures are a road block to housing recovery

Real Estate Weekly: Foreclosures are a road block to housing recovery

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Global Real Estate: Boom to Bust to…?

Global Real Estate: Boom to Bust to…?

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10107 BRIARGROVE WAY HIGHLANDS RANCH , CO

TRULY AN IMMACULATE HOME; IMMEDIATE OCCUPANCY POSSIBLE; EXPANDED COVERED TWO TIERED DE CK; PRIVATE MAIN LEVEL MASTER SUITE; ELEVAT ED SITE WITH MTN & CITY VIEWS; DUAL A/C & F URNACES; FINISHED GARAGE WITH BUILT-INS; CL OSE TO SCHOOLS; SHOPPING & RECREATION!!!!

http://10107briargrove1.denverrealestate.com/

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The Democrats are the party that says government will make you smarter, taller, richer, and remove the crabgrass on your lawn. The Republicans are the party that says government doesn’t work and then they get elected and prove it. P. J. O’Rourke

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Feeling good about government is like looking on the bright side of any catastrophe. When you quit looking on the bright side, the catastrophe is still there. P. J. O’Rourke

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15 Reasons to Use a Buyer’s Agent

BENEFITS OF WORKING WITH A BUYER’S REPRESENTATIVE Let your buyer-clients know how you can save them time—specifically by 1. Locating suitable properties 2. Previewing properties 3. Verifying the properties’ condition 4. Suggesting necessary inspections by experts 5. Helping buyers determine what they can afford6. Verifying property taxes and utilities7. Verifying the value of the property 8. Advising clients on structuring an offer9. Presenting the offer to the sellers’ representative 10. Negotiating favorable contract terms for the buyer11. Explaining legal documents needed for closing and helping secure them12. Assisting in securing financing13. Assisting buyers and their attorney in clarifying title, zoning, building codes, and access easements14. Referring them to qualified vendors 15. Analyzing the future salability of the property

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