Matthew Ponzi, Realtor
Matthew Ponzi
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  • Matthew J. Ponzi – Real Estate Broker

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    Colorado House unanimously passes construction-defects reform

    The Colorado House of Representatives did Monday what would have been unthinkable just one week ago — it passed a construction-defects reform bill aimed at spurring condominium construction by a unanimous vote.

    Five days after business and legislative leaders announced a compromise to end four years of feuding over similar measures, not a single member of the House disagreed with the deal laid out in House Bill 1279, sponsored by Democratic Rep. Alec Garnett of Denver and Republican Rep. Lori Saine of Dacono. And 53 House members signed on to co-sponsor it.

    Colorado state Rep. Alec Garnett, D-Denver, speaks at an April 19, 2017 news conference about a construction-defects reform compromise that he is given much credit for bringing about.
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    Mayor Hancock appoints director of new city housing department

    Denver Mayor Michael Hancock on Monday announced the leader of a new city department focused on housing.

    Erik Soliván, formerly senior vice president for the Philadelphia Housing Authority, will be executive director of the Office of Housing and Opportunities for People Everywhere, a new office first announced in the 2016 State of the City address.

    “The people of Denver – all our people – deserve safe, accessible and affordable housing options, and the city remains squarely focused on this goal,” Hancock said in a statement Monday.

    “Serving those who are struggling to afford homes or those without any home at all is some of the hardest work we do, and we know we can do better,” he added. “Erik’s expertise across the spectrum of homelessness and housing brings a fresh perspective to all of our work.”

    The Office of HOPE will focus on directing resources and helping people in the city who are experiencing homelessness, and will work on broader housing affordability strategies.

    Soliván will be a member of the city’s Housing Advisory Committee, which was established to guide the city’s $150 million affordable housing fund, which was passed in September and went into effect Jan. 1.

    “I’ve worked on these issues in small towns and major cities. Each community is unique, but everyone shares a desire to foster and live in neighborhoods of choice and opportunity for individuals and families at all income levels,” Soliván said.

    “It’s an honor to be appointed to this position by Mayor Hancock, and I look forward to listening and engaging our partners and stakeholders on all the critical efforts already underway and are needed by the residents of Denver,” he said.

    During his time at the Philadelphia Housing Authority, Solivan oversaw multi-year housing planning, housing policy, partnerships and efforts to revise Philadelphia’s Blueprint Program to End Homelessness.

    Molly Armbrister covers real estate and construction for the Denver Business Journal. Phone: 303-803-9232.


    Fewer people are having trouble with their mortgage in Colorado.

    The number of foreclosure filings in the state is down 28.4 percent in September from this time last year and down 33 percent from August, according to a report from California-based Attom Data Solutions, new parent company of RealtyTrac, which compiles national housing and foreclosure data.

    Colorado now ranks No. 41 among states for foreclosure filings per number of homes, with No. 1 meaning the most filings. And that number keeps dropping. At the midyear point, the state ranked No. 39.

    In September, Colorado saw 146 notice of defaults, 293 notices of foreclosure sales and 214 homes repossessed by the bank. That equates to one house for every 3,428 in the state.

    Nationwide, foreclosures were down 13 percent in September from August and down 24 percent from this time last year, according to the report.

    For the third quarter, properties foreclosed took an average of 625 days to complete, down from an average of 631 days and the first year-over-year decrease since 2007.

    “Foreclosure activity has been on a steady slide downward over the past six years, finally dropping back below pre-crisis levels in September,” said Daren Blomquist, senior vice president at Attom Data Solutions.

    “While we’ve know that the national foreclosure problem has been dying a long, slow death for quite some time, the final nail in the coffin of the foreclosure crisis is the year-over-year decrease in the average foreclosure timeline nationwide that we saw in Q3 2016 — the first time that’s happened since we began tracking foreclosure timelines in Q1 2007.”

    Monica Mendoza covers banking and financial services, legal services, the economy and economic development, and sports business and contributes to the “Finance & Law” blog. Phone: 303-803-9230.


    The Historic D&F Tower Floors Hit The Market; the sale could break records @ $1,585.62 per square foot!

    D&F Tower floors hit market

    D&F Tower floors for sale.

    Top five D&F Tower floors on the market for $4.5 million.

    Asking price per square foot would be a record.

    The top 5 floors of the historic D&F tower are on the market for only the second time in 115 years.

    For only the second time in its 115-year history, the top five floors of the Daniels & Fisher Tower are for sale.

    If the asking price of $4.5 million is met, the 2,838 square feet that span floors 17-21 in the iconic building along the 16th Street Mall, would fetch a record $1,585.62 per square foot.

    The Denver Landmark building at 1601 Arapahoe St. offers panoramic city views can easily accommodate more than 100 people at the same time.

    Listed on the National Register of Historic Places, the D&F Tower is one of downtown Denver’s most recognizable towers, with its four lit clock faces rising 250 feet from the street and measuring 16 feet in diameter.

    “This could be the most expensive property ever listed on a per-square-foot basis,” said Phil Ruschmeyer, president and chief executive of The Ruschmeyer Corp.,

    which is listing the property.

    “But what you get is incredible,” Ruschmeyer said.

     

    John Winslow, who has tracked the Denver-area real estate market for decades, said he is certain that no sale has approached $1,600 per square foot.

    “I can’t think of anything that is sold for that type of money as far as the price per square foot,” said Winslow, principal of Winslow Consulting.

    “That would have to be the highest price ever paid per square foot,” added Winslow.

    Although not involved in the deal, Winslow loves the historic building.

    “I’ve taken my grandkids there,” he said. “If I could afford it, I would office out of it.”

    It is being sold by Holly Kylberg, who bought the floors in 2000.  She paid $700,000, or $246.65 per square foot for the one-of-a-kind space, according to public records. The purchase price, of course, does not reflect the cost of the massive renovation.

    Kylberg is continuing to book the space for events. She will honor any bookings after the property is sold.

    “The next owner may not open it to the public,” Kylberg said.

    D&F Tower

     

    Nighttime views are postcard-perfect from one of the floors on the market in the D&F Tower.

    “It might be your last chance to get up there and enjoy the space. It’s very special — it’s like a fairytale.”

    Kylberg also is creating a program called A Time to Give in which she will donate the space each month to a non-profit organization to host a gathering.

    Built in 1911 as a dry goods store, the D&F Tower was the tallest structure west of the Mississippi River with a height of 393 feet. It later became one of Denver’s most prestigious department stores until it was vacated in 1958 after the D&F Co. merged with May Co.

    The May Co. relocated to a new store at Courthouse Square at the other end of the 16th Street Mall, along Tremont and Court Place.

    The tower was built by William Coke Daniels, who died at age 48 in 1918, while on a secret mission for the U.S. government, according to the book Daniels & Fisher Tower by C.H. Johnson Jr.

     

    When urban renewal and redevelopment swept across Denver between the 1950s and 1970s, the tower faced the urban wrecking mall.

    It escaped the fate of the nearby Grand Tabor Opera House, which was razed in 1964, historic preservation advocates rallied to save it.

    The tower was spared.

    The actual store on the site, though, was torn down.

    Still, the D&F Tower was dark from the late 1950s to the late 1970s. In the late 1950s, when it was owned by famed New York developer William Zeckendorf. However, his  plans to turn it into a merchandise mart fizzled.

    The Italian Renaissance-style building, inspired by the Campanile of St. Mark’s in Venice, Italy, survival was assured in 1980, when Denver developer David French bought it and converted it into office condominiums.

    Individual floors of the tower have been used to individuals, businesses and non-profits that use them as offices.

    In recent years, the top five floors have been used as event space, hosting everything from weddings to holiday parties to board retreats.

    “This is an opportunity to own a piece of Denver history,” Ruschmeyer said.

    The historic D&F Tower is one of the most recognized and most loved buildings in Denver.

    “It’s a great central location in the heart of downtown that is an ideal office setting or entertainment space,” he said.

    The buyer may be someone more interested in soaring to historic heights, than seeking a healthy bottom line.

    “I don’t know how the deal would pencil out,” if it sold for the asking price, Winslow said.

    “It would have to be bought by a user, who like me, loves the building,” Winslow said.

    A reporter once commented to Fisher, the man who built his namesake tower, that he seemed like a great believer in Denver.

    “I always was,” Daniels responded. “I always will be. And Denver will make good a hundred fold all my belief.”

    For more information or to schedule an event, visit http://clocktowerevents.com.


    Free Home Buyer’s Seminar (June 11, 2016)

     

    HomeBuyingSeminarL

    Learn how to obtain conventional financing with only 3% down! Colorado’s housing market is hot and most sellers either prefer conventional financing or cash offers. At this seminar we will be covering how to have an aggressive edge with little money down in our competitive market.

    Where:  7600 E Orchard Rd, Greenwood Village, CO 80111, Suite 130 South

    When: June 11, 2016 2:00pm

    Also:

    • What it takes to qualify for this program
    • Denver’s current market
    • If you don’t qualify what you need to do to make yourself a valid candidate
    • Other Programs available: 5% down Jumbo Financing, Renovation Financing-can’t find your dream home renovate one
    • Any general questions that you may have

    Free snacks and adult beverages provided. The meeting will begin with a presentation and then there will be time for questions and answers.

    Hope to see everyone attend. Contact Tim at 720-217-2824 thagood@homebridge.com or Matthew at 720-515-8544 Matthew@ccpre.com if you have any questions


    What is Denver’s coolest suburb?

    Enlarge

    What is Denver’s coolest suburb?

    Business Pulse

    Head about as far west as you can go before getting into the mountains, and you’ll stumble into metro Denver’s best suburb: Golden.

    That’s according to New York-based publishing company Thrillist’s recent ” Coolest Suburbs in America’s 35 Biggest Metros” list, which named the best suburbs based on three main criteria:

    • “A good (or at least respectable) food/drink scene, with enough places to go close to home to not always have to trudge back into the city.”
    • “Not so far away from the city that the commute is awful.”
    • “A place with a history or its own unique elements that separate it from just planned suburban sprawl.”

    Golden is about a 25-minute commute to downtown, and with its thriving downtown, opening of places like gluten-free breweries and rich mining history, the Jefferson County city certainly has all of those things.

    “It has a whitewater park, silly-beautiful hiking and mountain-biking trails all over the town (24 miles’ worth), snowshoeing and cross-country skiing in the winter, 10 museums, the Coors Brewery, plus several other craft breweries and beer bars, a dozen extremely solid restaurants and a unique old-school look you can’t fabricate in a planned community,” Thrillist says. “Oh, and it’s 14 miles from Denver. It is truly, infuriatingly special.”

    Golden, formerly called Golden City, was originally the main supply-stop for gold miners and travelers headed into Clear Creek County to search for gold. The region quickly flourished as a hub for coal mining and clay extraction as well after rich soil and other resources were discovered in the mid-1800s. Golden City became the capital of Colorado in 1862, but in 1867, the “capital” title was transferred to Denver, a move that outraged locals at the time.

    Today, Golden retains its old, Western feel, with a mix of long-standing restaurants and businesses, as well as new ones. It’s home to trendy restaurants that include D-Deli, Barrels & Bottles, Woody’s Wood Fired Pizza and El Callejon.

    Traxion, an accelerator aimed at helping startup companies in the energy sector, launched there in February.


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    More than 55,500 Homes sold in Denver in 2015. Check out the other records set here in Denver in the Article Below!

    $20 billion in metro Denver home sales in 2015 and other records


    Denver home sales on pace to set 10-year high

    Sep 24, 2015, 7:41am MDT

    Homes sales in Denver are on pace to set a 10-year high, according to a new report.

    California housing data company RealtyTrac said single family home and condo sales through August are on pace for a 10-year high in Denver, as well as 11 percent of the 204 markets analyzed.

    Nationally, 54 percent of all U.S. metro areas were on pace to set eight-year highs, based on sales through August, according to RealtyTrac.

    Last month, the company reported that median prices for sales of homes in the Denver-Aurora, Boulder and Colorado Springs home markets hit an all-time highs in July.

    Last week it was reported that In the past year, the median sale price for homes in the Denver area rose 14.2 percent, more than any other area in the country.

    Ben Miller contributes to the Denver Business Journal and compiles the Morning Edition email newsletter.


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