Stay updated with breaking news from Cycle apartments. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
McWhinney, Prism want to talk: Town halls Monday, Tuesday – BizWest bizwest.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizwest.com Daily Mail and Mail on Sunday newspapers.
Assisted living center planned near Fort Collins hotel, Foothills mall A Denver developer plans to turn nearly 4 acres of undeveloped land at the corner of Monroe Drive and Stanford Road into an assisted living and memory care facility. The project is currently designed for 24 memory care units and 113 assisted living/independent living units just east of the Marriott Fort Collins with whom it would share an overflow parking lot. The facility expects to employ about 15 staff on a typical shift. Developer Matt Oermann of Cherrywood Pointe Investment LLC won approval from the Fort Collins Planning and Zoning Board in late May. He is now clear to file final plans and get the permits to begin work. ....
FORT COLLINS A joint venture between Loveland-based McWhinney Real Estate Services Inc. and Los Angeles-based Prism Places paid $45 million for the troubled Foothills shopping center in Fort Collins. MXD Fort Collins LLC, based at McWhinney’s Loveland headquarters, purchased the 662,000-square-foot property from Cordes & Co. LLP, the court-appointed receiver for the property, according to a deed recorded with the Larimer County Clerk and Recorder. The buyer also filed a $30.6 million deed of trust with Independent Bank. A spokesperson for McWhinney could not immediately be reached for comment on the purchase price. MUFG Union Bank NA in December filed a lawsuit in Larimer County District Court against Foothills’ prior owner Walton Foothills Holdings VI LLC. MUFG claimed that Walton Foothills had defaulted on a $145 million loan, with $46.59 million remaining in unpaid principal and interest at that time. ....