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Downtown Denver office losses top a billion, with more to come
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Downtown Denver office losses top a billion, with more to come
Denver office valuations are in the hole, with some towers selling at upward of 80% off. (BusinessDen illustration) A billion dollars has vanished in downtown Denver. That’s how much money office building owners and their lenders have lost so far in the wake of the pandemic, according to a BusinessDen review of transactions. And more losses are coming. “In some ways, it’s an existential issue for the office market. Obviously, it’s not going away…
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