Techniques Marketing Apartments for Students

marketing apartments is a must. The apartment’s marketing techniques differ from one property to the other. Family apartment needs a different marketing technique, and so does student apartments. For families having a tight security with CCTV camera in the apartment premises is a must. However for students having the high-speed internet connection is a must. In such context, the advertisement techniques also differ. Here are some ways to attracts student as renters-

Zillow Identified Thrive Real Estate Group As The Number One Rated Brokerage In The Country Based On Their Client Experience Survey

Zillow identified Thrive Real Estate Group (www.ThriveRealEstateGroup.com) as the Number One rated brokerage in the country based on their client experience survey.
David Ness and Tim Aberle on stage at the Zillow Premier Agent Forum in Las Vegas receiving the award for #1 in the Country for Client Experience.

Zillow conducted a nation-wide survey of users who bought or sold a property using an advertising agent. Zillow users were surveyed based on their client experience, and were asked questions regarding responsiveness, communication, knowledge of the market and home buying process, trust, and customer needs. Survey results revealed that Thrive Real Estate Group in Denver, Colorado had the highest rating, and the company was honored by Zillow at an award ceremony in Las Vegas.

Thrive’s founder, David Ness, commented on the recognition: "It’s both invigorating and humbling to achieve this level of notoriety from our clients. Our Mission is to simplify and clarify home buying and selling, and our Vision is to see our clients move from their hope for a better life, to living it. With these guiding principles, carried out by some of the best agents in the business, we’ve been able to achieve a very high level of service to our clients as they go through the arduous process of buying and selling." Ness went on to say, "We talk extensively about what it looks like to live by our Core Values: Advocate selflessly, Execute tightly, and Live lightly. With these as our ‘north star,’ we’ve been able to achieve uncommon results in a common industry."

Thrive Real Estate Group, founded in 2006, is a boutique real estate company based in Denver, Colorado. Thrive currently has 16 Real Estate agents (which it calls Advisors). In 2018 Thrive closed over 100 million in sales and is on track for over 130 million this year. Thus far, Thrive has sold a property almost every day this year.

Rebecca Loesch, Thrive’s Operations Manager, added, "We will be expanding first in the Greater Denver Area, and then regionally. We do not feel the burden of scaling quickly. We’re methodical in our selection process of new team members, we intensely guard our culture, and we map our future with great care. The people at Thrive choose to orient their lives towards a common goal, and what sits squarely in the center of that goal is client experience."

SOURCE Thrive Real Estate Group

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A Guide to Affordable Housing in Denver: DHA Answers Your Questions

The James Quigg Newton homes near 46th and Navajo are among the oldest affordable-housing complexes in the Denver system. It dates back to 1952.

Woodbury, corresponding via email, spells out the central term like so: "As a general rule, affordable housing is defined as housing where occupants pay no more than 30 percent of their income for gross housing costs, including utilities. This standard is set by the U.S. Department of Housing and Urban Development. Our office has broadened this definition slightly, allowing for a housing cost ratio of up to 35 percent among households that are applying for certain programs."

Area Median Income, among the main metrics when it comes to affordable housing, is abbreviated as AMI.

Madrid provided the following graphic depicting HUD income guidelines for the City and County of Denver:

A more detailed breakdown can be found in the document linked here: the Colorado Housing and Finance Authority’s 2018 County Income and Rent Tables, which lists AMI in the state from 30 percent to 120 percent.

Now, without further ado, here are more answers to your DHA affordable-housing questions. They’re delivered by Tobin unless otherwise noted.

Westword: What is the Denver Housing Authority’s mission?

Ryan Tobin: We manage affordable housing, we develop and construct affordable housing, and we look at the private sector for our Housing Choice Voucher program, which provides subsidies on behalf of individuals to private landlords. Those are the three sub-sectors under our larger umbrella.

How much affordable housing can DHA provide?

We have 3,900 units that we own and manage. We have right around 800 subsidized multi-family units, and another 700 units of mixed-income housing that we would attribute to our affordable mixed-use portfolio for neighborhood revitalization. We also administer over 6,900 federal Housing Choice vouchers, formerly known as Section 8. We serve 25,000 very low, low- and middle-income individuals.

Housing Choice vouchers are a government subsidy program where a subsidy goes to any individual who qualifies — and they’re responsible for paying 30 percent of their income toward their household costs. The delta between what they can afford and what the fair market rent is would then be subsidized through the Housing Choice voucher. That helps close the gap between current market-rate housing and what individuals can afford based on their household income. DHA then incentivizes private landlords to rent to individuals who may or may not have the income necessary to afford their units but have government subsidies to close the gaps.

The landlords who work in our program are then assured there would be fair-market rent for their unit in conjunction with leasing to a Housing Choice voucher tenant. That guarantees they can keep those rents, which is what attracts them to the program.

The City of Denver also helps incentivize developers to rent apartments at below-market rents, but that’s through the Office of Economic Development, not the Denver Housing Authority.

Derek Woodbury: In exchange for providing financing subsidies for rental development, the city requires affordable property developers to designate a certain number of units as affordable for a set number of years. Occupants of these units must meet income eligibility requirements, as designated by the restrictive covenant established between the city and the property owner. When affordable home-ownership units are developed with or without city subsidies, an affordability restriction is also placed on the property for a set number of years. Individuals must meet income eligibility requirements upon purchase of the property.

How long can people remain in city-subsidized affordable-housing units?

Derek Woodbury: For income-restricted units, there generally are no limitations on how long a resident can remain in these units.

The Sun Valley Gateway project is currently under construction.

Is there a standard percentage of units that a developer in this circumstance is required to set aside as affordable?

Derek Woodbury: When the city invests into the development or preservation of income-restricted housing units, an agreement with the developer will specify the number of units that must be designated as affordable, the number of years that it will be restricted for, and the amount of city financing provided. While there is no minimum threshold of units in a development that must be affordable to access city subsidies, we typically invest in projects where more than half of the units are affordable.

The city has developer term sheets available, which outline the targeted outcomes for public investment. Subsidies range from $10,000 to $50,000 per income-restricted unit, depending on development type, other financing sources and populations served.

Are developers paid an incentive for doing this, or is it simply part of their cost of doing business in Denver?

Derek Woodbury: In exchange for receiving public financing, developers enter in an agreement with the city to provide a designated number of affordable units for a set number of years.

Denver is also utilizing zoning as an incentive to produce affordable housing at locations such as the 38th and Blake Station Area. In these areas, developers have the option of increasing the allowable height of their project by providing affordable housing units without city subsidies.

What is the overall cost of this program annually?

Derek Woodbury: Denver’s affordable housing investments include subsidizing the construction of new units, subsidizing the preservation of existing income-restricted units, and supporting a range of housing programs and services provided through contracted partners. The amount invested into housing units varies from year to year, based on the number of projects that come forward to the city in need of funding. In 2017, Denver invested $26,188,252 in 1,502 new income-qualified housing units and 259 preservation units, leveraging $429,523,910 of additional private and public resources.

How do people qualify for the Housing Choice voucher program?

Stella Madrid: The Denver Housing Authority, under its Housing Choice voucher program, conducts a lottery annually in the month of September. In 2018, we had 21,000 interest cards submitted. Those cards are entered into the lottery, and as vouchers become available, we randomly pull from them and notify card holders to come in and complete their applications.

How many openings do you have for this housing each year, on average?

Stella Madrid: I think it’s safe to say we award anywhere from 200 to 500 annually. And within the public-housing portfolio, using interest cards, we have 12,000 on the waiting list for anywhere from a one-bedroom to a five-bedroom public-housing unit. That amplifies the need for affordable housing.

What is the range of AMI numbers when it comes to affordable housing?

The general spectrum is from 0 percent AMI to 120 percent AMI. But the percentages that we talk about in the financing of affordable housing are generally characterized as below 30 percent. The average median income changes with economic cycles every season. HUD and CHFA [the Colorado Housing and Finance Authority] both publish them, and we work off those.

Ryan Tobin is the chief real estate investment officer for the Denver Housing Authority.

How much do people for affordable housing in Denver pay?

It varies. The most vulnerable population would make no income, and they would pay 30 percent of that toward housing costs, which in their case would be nothing — and there would also be a utility subsidy. A person in that category might be chronically homeless.

Currently, 30 percent AMI in Denver for a one-bedroom would allow an individual to pay 30 percent of their gross income toward the household cost. The 2018 income limit for 30 percent AMI is $18,900, and rent for a one-bedroom would be $506. For two people at 30 percent AMI, the income limit is $21,600 and rent would be $607.

Can people with a higher average median income still qualify for affordable housing with the Denver Housing Authority?

We build a lot of units under the Low Income Housing Tax Credit program at 50 and 60 AMI. For a Denver household, 50 percent AMI for two people would have an income limit of $36,000.

But we can do up to 80 percent AMI, which is your true definition of affordable housing — 0 to 80 percent AMI. A single person at 80 percent AMI would have an income limit of $50,200, and a two-person household would be $57,600. They run the full spectrum. But the reason behind the federal guidelines is that people will contribute 30 percent of their overall income to household costs, so they’ll still have other disposable income to live their lives, save for retirement or those other traditional goals.

Where are some of the newer affordable-housing projects located?

We’ve built specific housing sites in places like Curtis Park and Mariposa, and we’re moving into Sun Valley as well, building affordable housing in those neighborhoods.

Current projects that are under way include Vida at Sloan’s on West Colfax: 176 units of senior and non-elderly disabled housing that is anticipated to receive a certificate of occupancy in the fourth quarter of this year. We have 187 units of multi-family housing being constructed in Sun Valley for a project we call Gateway. It’s the kickoff of over 800 units of construction we will see happening over the next five years. We anticipate delivery in eighteen to 24 months, so that would put us into the first quarter of 2021. And we have an additional 68 units under construction in the Curtis Park neighborhood. Those are called the Platte Valley Homes. They’re a one-off — the completion of twenty years of investment in Curtis Park.

We’ve also got a footprint throughout the city in multiple forms of housing types and developments: family housing, senior housing, and non-elderly disabled housing, which are the three types of housing we manage with HUD. They serve our population in most communities. [Click to see the complete 2019 list of Denver Housing Authority properties and units.]

Is the Denver Housing Authority ramping up efforts to create more affordable housing?

Generally speaking, the city, through its administration, is helping support that. DHA is only one of many affordable-housing developers in our community. With limited resources, there are only a select few projects that are developed in Denver County in a given year, but everybody is working to preserve them and make sure they maintain financing and affordability over the long term.

In certain circumstances, DHA also helps finance affordable housing and creates partnerships in the private sector. The idea is to preserve affordable-housing opportunities that might otherwise be lost.

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‘From Wynkoop To The White House’: Denver Is Central To John Hickenlooper’s Presidential Bid

(CNN) – Former Colorado Gov. John Hickenlooper officially kicked off his presidential campaign Thursday in Denver’s Civic Center Park, blocks from the neighborhood that he helped revitalize and, in turn, the area that launched his political career. In his speech, Hickenlooper cast himself as a pragmatic leader who can bring people together.

(credit: Michael Ciaglo/Getty Images)

But in a nod to Democrats’ primary desire — to beat President Donald Trump in 2020 — Hickenlooper portrayed himself as the best candidate to beat the President by laying out a progressive set of policy positions that he believes also will appeal to independents and Republicans.

He said that as president he would ensure universal health care coverage, close tax loopholes used by corporations and the wealthy, re-enter the Paris climate accord and make universal broadband a priority.

“Donald Trump is alienating our allies, ripping away our health care, endangering our planet and destroying our democracy,” Hickenlooper said, adding later, “Defeating Trump is absolutely essential. But it’s not sufficient. We need to walk out of this canyon of division to a higher plane of progress. America is ready.”

(credit: Michael Ciaglo/Getty Images)

Hickenlooper had announced Monday that he was running for president with a video that showcased his decades of executive experience as mayor of Denver and governor of Colorado and the Western roots that largely set him apart from the growing field of candidates vying for a chance to take on Trump.

(credit: JASON CONNOLLY/AFP/Getty Images)

He expanded on those themes Thursday night by touting his record as mayor and governor in a speech that focused on his record of expanding Medicaid, taking on the National Rifle Association after the Aurora movie theater shooting in 2012 and working with environmentalists and the oil and gas industry to implement industry standards in the state.

“That’s what you can do when you bring people together,” Hickenlooper said to cheers. “And there was another secret ingredient: sheer persistence.”

(credit: JASON CONNOLLY/AFP/Getty Images)

Hickenlooper’s rally was billed as a “hometown sendoff” for the Democrat, who moved to Colorado nearly 50 years ago. It featured speeches from Denver Mayor Michael Hancock, former Denver Mayor Wellington Webb and Lucia Guzman, the former Democratic leader of the Colorado state Senate.

The early outlines of Hickenlooper’s campaign have focused heavily on the former governor’s biography, an acknowledgment that few people outside of the Centennial State know much — if anything — about the 67-year old Democrat. In the video announcing his campaign, Hickenlooper tracks his life from laid-off geologist to owner of a brew pub to mayor of Denver and to governor, using his experience as a way to set him apart from the other Democrats already running for president.

(credit: Michael Ciaglo/Getty Images)

“I’m running for president because we’re facing a crisis that threatens everything we stand for,” Hickenlooper says in the announcement video as images of Trump play. “As a skinny kid with Coke bottle glasses and a funny last name, I’ve stood up to my fair share of bullies.”

The line is a throwback of sorts. Former President Barack Obama, then an Illinois state senator, introduced himself to America during the keynote address at the 2004 Democratic National Convention in Boston by heralding “the hope of a skinny kid with a funny name who believes that America has a place for him, too.”

(credit: Michael Ciaglo/Getty Images)

Denver has been central to Hickenlooper’s story, and the city that has seen a booming economy and steady growth over the last two decades was a primary character in his kickoff speech, too.

“We succeeded (in Denver) because we worked hard and built alliances with other businesses. We played a part in revitalizing communities,” he said. “And now it’s time to do that for all of America.”

Hickenlooper has opted to base his campaign in the city and the small number of aides who have been hired by the nascent campaign have moved into a low-slung office building in the city’s Capitol Hill neighborhood that once functioned as an office for the Colorado Department of Corrections, according to a Hickenlooper aide.

(credit: Michael Ciaglo/Getty Images)

Born in Pennsylvania in 1952, Hickenlooper came to Colorado in the 1980s after graduating with a master’s degree in geology from Wesleyan University. But a downturn in the mining industry led him to be the victim of layoffs from Buckhorn Petroleum. Unemployment led the would-be governor to Oakland, where he saw a brewpub, thought the concept would work in Denver and went on to open Wynkoop Brewing Co. in 1988.

The large brewery and restaurant revitalize the LoDo area of Denver, an early sign of the changes that were about to hit the city. The brewery also vaulted Hickenlooper to citywide prominence and led him to run for mayor in 2003, a position he held for eight years before serving two terms as Colorado’s governor from 2011 to 2019.

“From the Wynkoop to the White House,” former Mayor Webb said in his introduction of Hickenlooper.

Brad Komar, Hickenlooper’s campaign manager, said that focus on the former governor’s personal story is intentional because, in his estimation, it sets Hickenlooper apart.

“We are not the only person in our lane,” said Komar, “but our record of delivering progressive results and our story give us a unique space.”

(credit: JASON CONNOLLY/AFP/Getty Images)

Hickenlooper’s run comes with a series of challenges, especially considering the field of Democrats now comprises 14 candidates, including six senators, and could soon feature former Vice President Joe Biden.

Hickenlooper imbued his speech Thursday night with humor, often at his own expense and in a nod to his dark horse status.

“Now, I understand I’m not the first person in this race or the most well-known person in this race. But let me tell you: At four syllables and 12 letters, Hickenlooper is now the biggest name in the race,” he said to laughs.

Later in the speech, he needled Trump by comparing his own business experience with the President’s record.

“Along the way, I learned something that Donald Trump never figured out: It isn’t how many times you yell, ‘You’re fired,’ but instead how many times you say, ‘You’re hired,’ ” he exclaimed.

The former governor is largely unknown nationally and offers Democrats a more moderate vision for the country, one that reflects his leadership of a state that is nearly evenly split among Republicans, Democrats and independents.

“Some of his biggest supporters have been prominent statewide Republicans,” said Max Potter, Hickenlooper’s former senior media adviser and speechwriter.

In Colorado, that bipartisanship is in vogue. Nationally, however, polls show that while Democrats care about electability more than usual, many believe the way to do that is by pushing policies that are further left than many Hickenlooper has supported.

One key issue for the former governor will be raising enough money to maintain viability in a large field.

The campaign announced Wednesday that it had raised more than $1 million in the 48 hours after Hickenlooper’s announcement.

That met the campaign’s goal, according to an aide, but the former governor’s upcoming schedule makes clear that money will be a focus this month.

Hickenlooper will follow up Thursday’s rally with a trip to Iowa on Friday and Saturday. He will then travel to Texas for fundraisers in the Austin and Houston areas, as well as an appearance at the South by Southwest conference, according to a Hickenlooper aide.

The former governor will then go to New York for a series of top-dollar fundraisers, before traveling back to Colorado next week to begin to solicit donations from top donors in the state, many of whom have long-standing relationships with him, the aide said.

All of these fundraisers build toward the end of the first Federal Election Commission reporting quarter of the year, where candidates will look to burnish their strength through fundraising power.

By Dan Merica, CNN

The-CNN-Wire
™ & © 2019 Cable News Network, Inc., a Time Warner Company. All rights reserved.

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Denver housing prices drop

New Colorado Realty Association statistics show the median sale price for a single family home in Denver is $425,000, that’s down more than 1 percent and townhouse/condo prices are down 12 percent.

Association spokesperson Kelly Moye tells FOX31 several factors contributed to the shift, “With the elections and the stock market and the subsequent government shutdown, it never picked up.”

Broomfield County is an exception along the front range, with a 4.3 percent increase in the median sales price.

Moye says there are also more homes on the market right now, putting buyers in the driver’s seat, “Where there used to be one or two, they might now have ten or twenty to look at…take advantage and jump on it while you can.”

Moye advises those planning to sell a home with average amenities to list the property just under the most recent comparable price (listed no more than four months prior to placing the home on the market).

As of mid-February, properties remain on the market an average of 48 days. Your real estate agent can help tailor the best plan for selling or buying a home to your specific needs.

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Colorado renters could see fees limited or even returned if new bill becomes law

Renters would have the right to know why a property rejected their application, receive an itemized receipt detailing any and all fees, and get any unused fees returned if a bill introduced in the Colorado House becomes law.

Right now, “there’s no requirement that a unit even be for rent,” said Jack Regenbogen, an attorney with the Colorado Center on Policy and Law. “While this might violate your sense of fairness, there is nothing that would prevent a landlord, legally speaking, from collecting application fees on an ongoing basis even if every unit is filled.”

House Bill 1106 would change that by creating a set of rules landlords and rental companies would have to follow when it comes to charging and refunding application fees. The bill, as it’s currently written, would limit the fees property managers could charge to the costs of a credit check, criminal background check and administrative costs of a reference check. It would require landlords to refund any unused portion of those fees, and to explain to potential renters why they were rejected.

“We’ve heard that it is not uncommon for a prospective renter to exhaust their entire savings on rental application fees, leaving nothing left for first month’s rent,” Regenbogen said.

Several people testified about application fees and other nonrefundable fees that ranged from $50 to $450 per application, including Cesiah Guadarrama from the advocacy group 9to5 Colorado. She read the testimony of a woman who spent more than $5,000 on application fees while living in a homeless shelter.

The bill is being pushed by three Democratic lawmakers, but Republicans and industry groups say they aren’t opposed to regulating rental application fees.

Nancy Burke, a vice president for the Colorado Apartment Association, said she’s working with the bill’s sponsors
“so we can get to a support position.”

One of Burke’s main concerns is that the bill requires leasing companies to charge everyone the same price. She told the House Business Affairs and Labor Committee on Tuesday that the costs for verifying the references and criminal histories of in-state and out-of-state applicants are different.

The bill is also silent on what happens if an applicant can’t be located.

“Sometimes they just vanish, and they never inquire about their applications and they don’t return phone calls,” said Debi Stobie, who owns a 24-unit apartment building with her husband. “It would be an administrative nightmare for us to track them down.”

Stobie said she tries to refund unused application fees, but she and other landlords who testified would like clarity about what documentation a court would rely on as proof of a reasonable effort to return that money.

The bill passed out of committee Tuesday on a party-line vote.

Rep. Hugh McKean, R-Loveland, voted against the bill because it relies on a “reasonable” time frame for landlords to refund unused application fees. But he said he’s willing to work with the bill’s sponsors on changes that could move him to a yes when the bill gets to the floor for a vote.

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FREE: Denver Post hosts Understanding Alzheimer’s event Feb. 7

The Denver Post is hosting an event, following our latest series on Alzheimer’s disease called Mourning the Living.

The Denver Post’s Jessica Seaman will moderate a panel featuring some of Colorado’s leading experts on Alzheimer’s.

The panel and discussion will touch on what families can do after getting a diagnosis, the potential genetic risk of the disease and the toll it takes on loved ones. Panelists will also take questions from the audience.

Provided by Amelia Schafer, Dr. Hillary Lum and Dr. Jonathan WoodcockAmelia Schafer, Dr. Hillary Lum and Dr. Jonathan Woodcock.

The panelists include:

Amelia Schafer, executive director of the Alzheimer’s Association Colorado Chapter Dr. Jonathan Woodcock, clinical director of the Rocky Mountain Alzheimer’s Disease Center at CU Anschutz and clinical director of the Memory Disorders Clinic with UCHealth Dr. Hillary Lum, a geriatrician and palliative care physician at the Seniors Clinic at University of Colorado Hospital, University of Colorado School of Medicine, and the VA Eastern Colorado Geriatric Research Education and Clinical Center

Details

WHEN: 7 p.m. Feb. 7, 2019 WHERE: Auditorium at The Denver Post, 101 W. Colfax Ave., Denver, CO 80202

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Denver’s new housing assistance program designed to help furloughed workers

Furloughed worker Peggy Livingston protests the partial government shutdown in downtown Denver on Thursday, Jan. 10, 2019. Livingston helps enforce the Safe Drinking Water Act and the Clean Water Act for the Environmental Protection Agency. (AP Photo/Thomas Peipert)

DENVER – Good news for furloughed workers in the city and county of Denver.

As the longest government shutdown in history stretches into its fourth week, starting Wednesday the city and county will pay for furloughed workers next two mortgage payments, or up to $5,000, to help them survive the shutdown.

There is also financial assistance available for those who rent a home or apartment.

Designed for moderate-income families, workers can qualify by proving a recent financial hardship such as furlough or temporary layoff and do not have to repay the money.

“We want to make sure we can help fill the gap for them during this time. If you have any sufficient savings and the ability to get through it, let’s allow the city to help those who do not,” Mayor Michael Hancock said.

The program is costing taxpayers $485,000. The city says it has enough funds to help around 225 families.

They encourage only those who truly need the help to submit an application through Mile High United Way’s 211 call center.

To apply for the program, call or text 211.

For additional support, there will be a resource fair Saturday, January 19 from 9 a.m. to 1 p.m hosted by Denver Human Services at their Sun Valley location, 1200 Federal Blvd and 3815 Steele Street in East Denver.

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Denver: 5 Newest Homes To Hit The Market

DENVER, CO — On the hunt for a new home, and want to get a better feel for what’s available near you? Perhaps you could use some assistance finding the perfect place for you and your loved ones? Thanks to our weekly list of new houses in your area, you can stay on top of the scene.

Here’s a handy list of the five newest properties to hit the market in the Denver area — including one with 3 beds and 2 baths for $149,788, and another in the Hudson area with 6 beds and 4 baths for $629,900.

Like what you see? Just click on any address in the list to get additional pics and details. Happy house hunting!

Price: $425,000
Size: 1,334 sq. ft., 2 beds, and 2 baths

Price: $149,788
Size: 1,243 sq. ft, 3 beds, and 2 baths

Price: $337,000
Size: 1,143 sq. ft., 3 beds, and 3 baths

Price: $435,000
Size: 1,607 sq. ft., 2 beds, and 2 baths

Price: $629,900
Size: 5,000 sq. ft., 6 beds, and 4 baths

Still want to see more options? Keep scrolling for more listings. Or check out Patch’s Denver area real-estate section for a full list of local homes.

Photos courtesy of Realtor.com

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Mortenson implicated in Denver bidding probe

Officials are restarting bidding for a $223 million expansion to the Colorado Convention Center in Denver after discovering allegedly improper communications between Golden Valley-based Mortenson, a finalist for the project, and the company overseeing bidding. (Submitted image: Colorado Convention Center)

A major project in Denver, Colorado, has been delayed over alleged bidding improprieties by several companies, including Golden Valley-based Mortenson.

The Minnesota construction giant was one of three finalists to build a $223 million expansion to the Colorado Convention Center. On Dec. 11, the city of Denver halted the selection process and fired its program management services contractor, Dallas-based Trammell Crow Co., due to what Denver Mayor Michael Hancock called “a significant breach of the public trust and a willful violation of a competitive bidding process.”

Trammell Crow isn’t the only company in the city’s crosshairs. In a Dec. 21 letter, Denver Executive Director of Public Works Eulois Cleckley informed Mortenson he is suspending the company’s prequalification to bid on city projects pending a possible revocation, citing a series of emails between Mortenson and Trammell Crow officials.

The emails in question appear to show Trammell Crow officials providing sensitive procurement documents to Mortenson officials, and exchanging ideas for a series of “live scenario” questions to be asked during a final interview. Mortenson also asks Trammell Crow to pressure city officials to visit another Mortenson project in the area, and to add language to the city’s request for qualifications that “would shut down Turner [another bidder],” according to emails provided by the city.

“These communications demonstrate that Mortenson’s actions and inactions evidence a lack of integrity in the process of the city’s procurement” for the project, Cleckley wrote in his letter.

Hancock has asked the Denver district attorney to investigate the “potentially improper collusion” between Trammell Crow and Mortenson. The city plans to restart the selection process with a new contractor, according to Denver-based 9NEWS.

In an email statement, Mortenson said it is in contact with the Denver district attorney and has promised not to speak publicly on the matter while the investigation is ongoing.

“We take this matter very seriously,” Mortenson Senior Vice President Maja Rosenquist said in the statement. “We have conducted a thorough internal investigation, and commit to cooperating with the city to the greatest extent possible.”

The city originally discovered the issue when a city employee noticed a room had been added to the plans that could have increased the cost by $4 million to $6 million, the Denver Post reported Thursday. The subsequent investigation turned up the emails sharing confidential bidding information.

Mortenson does not have any current or near-term projects that will be affected by the suspension of its prequalification status, according to Wendy Aiello, a Denver-based public relations executive representing Mortenson.

Mortenson, which has offices across the country, has built a number of large projects in the Denver area, including the Denver International Airport Hotel and Transit Center and the Gaylord Rockies Resort and Convention Center in Aurora.

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