Real Estate in our neighborhood

April 11, 2011 in Community News, Financial News

March 18, 2011 — BOULDER — Stephen Tebo, owner of Tebo Development Co. and one of Boulder County’s most-prominent commercial property owners, purchased the Valmont Building office building for $3.28 million The 36,492-squree foot building at 5480 Valmont Road in the Aspen Industrial Park was built in 2000. According to LoopNet, an online database of property listings, the building averages 97 percent occupancy and was classified as Class A space. The property was bought on a short sale. “It’s already an excellent building,” Tebo said. “We just want to get aggressive on the rents and get it leased.” R.C. Myles and Jeff Halsey of Cassidy Turley Fuller Real Estate represented the seller, Valmont Building LLC. The buyer used an in-house agent. VITAL RELOCATES: Information technology solutions provider Vital Network Solutions LLC is relocating to the Tierra Business Park in Boulder. Vital Network Solutions has leased about 2,100 square feet of office space at 4760 Walnut St., Suite 108, and will move in May 1, company president Nate Lovell said. The six-year old company employs five people and has outgrown its current location at 75 Manhattan Drive Suite No. 3, which also is in Boulder, Lovell said. Chad Henry of WW Reynolds Cos. was the listing agent. Todd Walsh of The Colorado Group Inc. was the selling agent. CONSTRUCTION ON CHURCH CONTINUES Flatirons Community Church converting abandoned Wal-Mart, Albertsons space Doug Storum Work on Flatirons Community Church’s plan to convert an abandoned Wal-Mart and Albertsons into a new home continues. The church is building a new 4,000-seat sanctuary and space for offices and ministry centers at 355 W. South Boulder Road. Its current home is 400 W. South Boulder Road in Lafayette. The church paid $4.3 million for the space. BROOMFIELD CLICKBANK EXPANDS: ClickBank, a software company that has developed an online marketplace for digital products such as e-books, has relocated its Broomfield offices to accommodate recent growth. ClickBank’s new location is 11001 W. 120th Ave., Suite 450, not far from its former space at 11101 W. 120th Ave. The new space expands the company’s office by 3,189 square feet, according to Broomfield Economic Development Corp. data. ClickBank employs 41 people in the Broomfield office, spokeswoman Heather Sharp said. The jobs are the company’s technology team along with some sales, marketing and business development specialists. ClickBank is a trade name of Click Sales Inc. The privately held company is based in Boise, Idaho, and employs 93 people total, Sharp said. The move was needed to accommodate the company’s steady growth, Sharp said. GEOTREE MOVES IN: A maker of a high-tech ceramic materials that can be used to repair water and sewer lines along with other types of concrete has taken space in Broomfield. GeoTree Technologies Inc. has leased 1,600 square feet at 7249 W. 116th Place. The building will be the company’s warehouse, said Amir Hoda, one of the company’s four founders and partners. The company makes geopolymers that bind to materials. One application is using the polymers to coat the inside of corroding and decaying pipes, Hoda said. “It’s substantially cheaper than digging it up, and substantially less disruptive,” he said. GeoTree Technologies currently employs four people who work from their homes. The company plans on expanding into a new office and to grow to 10 employees by the end of 2011, Hoda said. Chris Ball of Cassidy Turley Fuller Real Estate helped broker the deal. LONGMONT BLUE VISTA LOANS: The Blue Vista housing development, a planned 198-home subdivision in Longmont built by Thistle Community Housing, faces foreclosure. The project, which was planned to have included 100 affordable homes, was financed by Thistle using bonds issued by the Boulder County Housing Authority and loans from the state Division of Housing and the City of Longmont, according to a memo sent to Longmont City Council the week of March 8. Thistle is a nonprofit dedicated to providing affordable housing. According to the memo, it owes more than $4.5 million on the bonds, which were purchased by Guaranty Bank and Trust Company, and an additional $417,000 to Guaranty Bank as part of a construction loan. Longmont supported the project with a $1.42 million from the Affordable Housing Fund and a Community Development Block Grant. The outstanding principal on that loan is $988,000. Thistle has been working, and continues to work, with its creditors to resolve the problem, Thistle chief executive Mary Roosevelt said. Blue Vista has been hampered by bad timing and a difficult real estate market, she said. “It’s been a great project developed during the hardest part of the economic downturn,” Roosevelt said. According to Thistle, 63 homes have been built, with 29 being categorized as “market rate” and 34 as “affordable.” Thistle has paid about $2.5 million on the bonds and more than $2 million on the construction loan, according to the Longmont City Council memo. If Thistle cannot make its payments, Longmont is unlikely to recoup its funds, said Kathy Fedler, community development block grant and affordable housing programs coordinator. It would be the first default made on a loan from the Affordable Housing Fund. About $7.7 million has been pledged to the fund, Felder said. LOUISVILLE LIGHTING FIRM OPENS: A maker of high-quality lighting fixtures is opening a new manufacturing facility in Louisville. Stone Lighting LLC recently signed a lease for 9,700 square feet of industrial space at 1500 Cherry St., Suite W. The location will be the Chicago-based company’s manufacturing facility and will employ between five and 10 people in the first year, said Tavo Gutierrez, a manager of the company. The company’s clients are primarily architects and designers, and the company also does lighting systems for showrooms, Gutierrez said. The company is new to Colorado, Gutierrez said. Todd Walsh of The Colorado Group Inc. represented the listing company. BUYING IN DENVER: A local real estate investment firm that specializes in turning around distressed properties has acquired part of a luxury complex in Denver. Condo Capital Solutions LLC announced March 10 it closed on the purchase of 72 unsold units at the Pinnacle at City Park South, a two-tower, 284-unit luxury property located in Denver’s City Park. Condo Capital Solutions purchased the units for an undisclosed price from the Opus Group, a Minnetonka, Minnesota-based company that is leaving the Denver market. Condo Capital Solutions could not be reached. The Pinnacle, at 2990 East 17th Ave., Denver, was opened in 2008. “Of the initial 284 units, all but 72 are sold and some 13 contracts have sold in the first quarter of 2011. Sports marketing: Endurance Event Marketing LLC signed a lease for 1,020 square feet at 801 Main St. Suite 25. The sports promotion company has a staff of about 10. Dan Ferrick and Michael-Ryan McCarty of Gibbons-White Inc. were the listing brokers. Jim Ditzel was the selling broker. NEDERLAND Yoga time: Tadasana Mountain Yoga LLC has leased 1,323 square feet of retail space at 20 Lakeview Drive No. 110 Caribou Mercantile was the listing company. Patrick Weeks of Gibbons-White Inc. was the selling broker.

A glimpse of upcoming events in Boulder

March 30, 2011 in Boulder Events, Our Outdoor Playground

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13th Annual Aerial Dance Festival
July 31, 2011 – August 13, 2011
Various Times & Locations

Name: Frequent Flyers Productions
Phone: 303-245-8272
The 13th Annual Aerial Dance Festival provides an opportunity for people from all walks of life to experience the joy of dancing in the air for beginners through advanced aerial dancers. Join us for a 2-week immersion through classes, lectures, demonstrations, informal discussions and performances. The festival is produced by Frequent Flyers Production, a non-profit, aerial dance-theater company. The internationally recognized faculty brings many years of expertise to the classes. Don’t miss a truly unforgettable experience of airborne dance!

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4th Annual Boulder Festival of the Arts on 29th Street
June 25, 2011 – June 26, 2011
Sat 10am-8pm, Sun 10am-6pm

Location: Twenty Ninth Street Retail District
Phone: 303-444-0722
Howard Alan Events, the country’s largest producer of fine Art Festivals, is excited to return a juried art fair to the City of Boulder. 29th Street is a great setting for this event that is sure to become a favorite amongst the City. Please join us in making history and come view the nations finest art and purchase that perfect piece.

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63rd Annual Conference on World Affairs
April 4, 2011 – April 8, 2011

Location: CU Boulder Campus
Phone: 303-492-2525
Admission: FREE
This annual event of week-long discussion and debate attracts world-renowned experts from all disciplines. There are hundreds of lectures to attend on a vast variety of topics.

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Bands on the Bricks
June 15, 2011 – August 17, 2011
Wednesdays at 7:00pm

Name: Downtown Boulder
Event Address: 1300 Block of Pearl Street
Location: Boulder County Courthouse
Phone: 303-449-3774
Admission: FREE
For the past 13 summers, thousands of people head to Downtown Boulder every Wednesday evening to dance, picnic and listen to the best local bands along the Front Range. In its 14th year, Bands on the Bricks will feature tunes that will make you want to move and grove!

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BolderBOULDER 10K Road Race
May 30, 2011

Phone: 303-444-RACE
Over 50,000 competitors come to run and walk this exciting 10K race, while another 80,000 people come to just watch the event. Participate in the race yourself or by cheering on some of the world’s elite runners as they compete. Beginning at 30th Street & Iris Avenue; ending in Folsom Field.

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Boulder Creek Festival
May 28, 2011 – May 30, 2011
Sat & Sun 10am-10pm, Mon 11am-7pm

Name: Boulder Creek Events
Event Address: Between Canyon & Arapahoe Ave
Location: Central Park and the Municipal Building grounds
Phone: 303-449-3137
For over twenty years, the Boulder Creek Festival has been the unofficial kickoff to summer in Boulder each Memorial Day weekend. Widely considered Boulder County’s favorite event, the Boulder Creek Festival includes three days of festivities featuring a large variety of events, activities, food and entertainment unique to the Boulder community. Ten separate event areas with 500 vendors showcase everything from community arts and crafts to health alternatives and technology while five performance stages feature a spectrum of music and dance. The Festival is free to the public and features something for everyone: carnival rides, food and beverage vendors, and the signature event on Monday–the Great Rubber Duck Race!

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Boulder Farmers’ Market
April 2, 2011 – November 19, 2011
Sat 8-2 pm (4/2/11-11/19/11); Wed 4-8pm (5/4/11-10/5/11)

Location: 13th Street between Canyon & Arapahoe
Phone: 303-910-2236
Admission: FREE
The Boulder County Farmers’ Market takes pride in bringing you locally grown vegetables, meats, fruits, flowers, plants, gourmet cheeses and wines sold by the farmers that produce them. While you’re purchasing your fresh vegetables and fruits (many of them organically grown) enjoy a tasty pastry from local bakeries or enjoy a meal created by local chefs.

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Boulder Jewish Festival
June 12, 2011
11:00am-5:00pm

Event Address: Pearl Street from Broadway to 1500 and the Boulder Courthouse Lawn
Phone: 303-417-0566
Admission: FREE
A one-day celebration of Jewish culture, featuring live entertainment, fine art and Judaica, ethnic food, community organizations and activities for all ages.

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Boulder Ski Escape!
November 19, 2010 – April 17, 2011

Visit website
Location: Eldora Mountain Resort
Phone: 800-444-0447
This winter, come explore an unreal Colorado town and ski just minutes away at Eldora Mountain Resort. Nestled in the mountains above Boulder, Eldora Mountain offers downhill skiing, cross-country skiing and showshoeing. In Boulder, there are endless lodging choices, eclectic restaurants, streets filled with shopping…all at incredibly low winter rates. Come spend winter in Boulder and ski Eldora Mountain Resort. A truly unique winter escape.

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Communikey Festival of Electronic Arts
April 13, 2011 – April 17, 2011

Visit website
Location: Various Locations
Phone: 303-641-6432
The 4th edition of the CMKY Festival aims to look at the space in between genres, scenes, and ideas in art and music. The festival presents a broad spectrum of events including exhibitions, live performances, workshops, installations, interactive projects, and a full spectrum of shows and parties. Weaving together musicians and artists who represent diverse forms of expression, the billings place artists who come from different backgrounds in music and art together, with the intention of building bridges between those artists.

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CU Homecoming Weekend
October 22, 2011 – October 23, 2011

Visit website
Name: University of Colorado Buffaloes
Phone: 303-49-BUFFS
Line the streets on Friday as the University of Colorado Homecoming Parade makes its way through “The Hill District” followed by a Pep Rally with coach Dan Hawkins & athletes on Pearl Street Mall. Saturday is the big game as CU takes on Texas Tech. Come celebrate the University of Colorado Homecoming and root for the Buffs to beat Texas Tech!

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Downtown Boulder’s Fall Festival
September 23, 2011 – September 25, 2011
Fri 5pm-10pm, Sat 11am-10pm, Sun 11am-5pm

Visit website
Name: Downtown Boulder
Phone: 303-449-3774
For over two decades, Downtown Boulder’s Fall Festival has been Boulder’s most beloved community celebrations. This three day autumn festival features food, brews and music with the added excitement of a Children’s Carni­val and more than 30 artisan booths.

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Downtown Boulder’s Tulip Fairy & Elf Parade
April 23, 2011
11:00am

Visit website
Event Address: 1300 Block of Pearl St Mall
Location: Downtown Boulder
Phone: 303-449-3774
Admission: FREE
Spring officially arrives in Downtown Boulder when the beautiful, colorful Tulip Fairy, along with pint-sized fairies and elves, parade around the Pearl Street Mall ‘waking up the tulips’. This much beloved springtime tradition features special events and activities for girls and boys and more than 15,000 tulips that adorn the world renowned Pearl Street Mall throughout the spring season.

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Lights of December Parade
December 3, 2011
6:00pm

Visit website
Location: Downtown Boulder
Phone: 303-449-3774
Admission: FREE
In its 24th year, the Lights of December Parade is a hometown celebration like no other. Enjoy over 50 local entries from area businesses, churches, nonprofits, school groups, girl scouts, boy scouts, city and county departments. Both the Fairview and Boulder High School marching bands perform. The Swing Dancing Elves will entertain spectators and fire trucks, as well as the Boulder Cruiser Club, will be decked out in lights. The grand finale includes an appearance by the jolly old man himself Santa Claus!

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MahlerFest
May 18, 2011 – May 22, 2011

Visit website
Phone: 303-447-0513
Colorado MahlerFest, held yearly in Boulder, Colorado, celebrates the life, music, and times of the great composer Gustav Mahler. Founded in 1988 by Robert Olson, the week-long festival incorporates concerts, recitals, and scholarly symposia, with film, fine art, dance, theater, and multimedia presentations. The week’s events culminate in two orchestral performances.

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Munchkin Masquerade
October 31, 2011
2pm-5pm

Visit website
Location: Downtown Boulder
Phone: 303-449-3774
Admission: FREE
Each Halloween Downtown Boulder is invaded by 2,000+ tiny ghosts & goblins, dinosaurs & dragons, fairies & princes, super heroes and animals of every size trick-or-treating along Pearl Street’s pedestrian mall and the East and West Ends.

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Noon Tunes
June 17, 2011 – August 19, 2011
Fridays Noon-1:30pm

Visit website
Location: 1300 Block of Pearl
This engaging summer concert series offers free music that appeals to families, residents who work on the mall and visitors. Attendees can grab lunch from one of the many Downtown Boulder gourmet eateries while enjoying the music and surroundings of our vibrant downtown.

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Open Arts Fest
July 14, 2011 – July 17, 2011
10am – 8pm; 10am – 5pm

Visit website
Name: Downtown Boulder, Inc. and OpenArts
Location: Pearl Street Mall
Phone: 303.449.3774
In its inaugural year, Open Arts Fest, presented by Downtown Boulder, Inc. and OpenArts, is a celebration of Boulder’s visual arts unlike any other. Artist from around the country, demonstrations, workshops, food, drinks, children’s art activities, a silent auction benefitting Open Arts scholarship programs – and much, much more! Be sure to join us for a preview Thursday, July 14th.

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Ralphie’s Independence Day Blast!
July 4, 2011

Name: Wright Kingdom Real Estate, CU Boulder & City of Boulder
Event Address: University of Colorado Campus
Location: Folsom Stadium
Admission: FREE
FREE HOP shuttles from
Downtown and Twenty Ninth Street!
8:00pm Gates Open
8:45-9:30 entertainment, Skip Its, Open Space Ranger’s Sing Along, and CU mascot Ralphie run
9:30 National Anthem
9:33 Fireworks display with shells, oriental flower patters, Skyworks comets, aerial salutes, color and fancy star shells and patriotic designer shells and there are over 4,640 shells, in just 30 minutes.

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Romanian Festival
September 3, 2011

Name: Romanian-American Freedom Alliance
Event Address: In front of the Court House
Location: Pearl Street Mall
Phone: 303-449-2586
Join us for a day of fun and learn about Romanian culture and history! Taste delicious Romanian ethnic food, browse through an exhibition of Romanian books, pictures and folk art and participate in some simple Romanian dance steps!

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St. Nick’s on the Bricks
November 26, 2011 – December 17, 2011
Saturdays 11am-2pm

Name: 13th & Pearl
Event Address: Downtown Boulder Visitors Center
Phone: 303-449-3774
Admission: FREE
Kids of all ages enjoy visiting with Santa at the Downtown Boulder Visitor Information Center. Bring your list and a camera to capture priceless holiday memories.

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Switch on the Holidays
November 19, 2011
5:00pm

Event Address: 1300 Block of Pearl St Mall
Location: Courthouse Plaza
Phone: 303-449-3774
Admission: FREE
Santa counts down to the grand illumination of the Boulder County Courthouse, the Pearl Street Mall and the star on Flagstaff Mountain.

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Taste of Pearl
May 1, 2011
2-6pm

Name: Downtown Boulder
Location: Pearl Street & Beyond
Phone: 303.449.3774
An unforgettable afternoon exploring Boulder’s tantalizing culinary arts scene, celebrating Colorado’s distinctive wines while strolling through some of Downtown Boulder’s most vibrant galleries and retail stores.

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Twenty Ninth Street Live Concert Series
June 11, 2011 – August 6, 2011
Saturdays 6-9pm

Location: Twenty Ninth Street Retail District
Phone: 303-444-0722
Enjoy live outdoor music with great restaurants and shopping, plenty of free parking and the best sunset in Boulder. Come rock, swing and jive at Twenty Ninth Street LIVE!