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Landmark a success despite bankruptcy

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Despite the bankruptcy proceeding involving the ritzy, European-style  Landmark tower in Greenwood Village, the project has done well,  a spokeswoman for the developer said today. “Our position is that we have been able to sell 139 units, which is $95 million in residential sales,” said spokeswoman Sandra Laws. “It has been a terrific success. We do have buyers who have…

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Landmark bankruptcy could give Denver real estate a black eye

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The news that the owner of the high-profile Landmark condominium tower, which sports units priced from about $500,000 to $2 million is in bankruptcy, is not only a harsh reality that owners, prospective buyers and the developer must deal with, but its impact could give the entire Denver-area  real estate market a black eye. “We do not need any more…

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Q&A on The Landmark Bankruptcy

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All bankruptcies are complicated. And certainly a bankruptcy involving a high-profile project such as The Landmark in Greenwood Village is especially complicated. The company that owns it provided this question and answer to address many issues and facts surrounding the Chapter 11 bankruptcy filing. Q. Which entity filed for Chapter 11 reorganization? A. Everest Holdings, LLC; EDC Denver I, LLC;…

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Carmel steps into help The Landmark

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Although the tony Landmark condominium tower in Greenwood Village has filed for bankruptcy, the developer has received some good news with an infusion of cash from a financially strong company with deep local ties. The Landmark’s owner has executed a loan agreement for a debtor-in-possession financing facility of $15 million with Carmel Landmark, LLC, an indirect subsidiary of Carmel Partners…

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Greenwood Village Mayor Bullish on Landmark

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The entity that owns the high-profile Landmark condominium tower at Interstate 25 near East Belleview Avenue, has filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code. Nancy Sharpe, the mayor of Greenwood Village, says that the Landmark in a short period of time has established itself as an important part of the fabric of the city. “The Landmark…

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Landmark owner files for bankruptcy

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The entity that owns high-profile condominium towers, The Landmark and The Meridian in Greenwood Village, and the Village Shops, filed voluntary petitions for protection under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court in Denver. John RebchookJohn Rebchook has more than 30 years of experience in writing and communications. As the Real Estate Editor for the…

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Mortgage broker's license suspended

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The Colorado Division of Real Estate announced today it has summarily suspended the license of mortgage broker Paul Cardenas of Centennial. A summary suspension is used where there is a danger of immediate harm to the public. The division alleges that Cardenas, operating through and for several companies including Lending Denver and Premier Mortgage Capital, falsified income and asset information…

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Internet dating swindle leads to mortgage fraud

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The Colorado Division of Real Estate announced today it has revoked the license of two mortgage brokers, and ordered them to pay a total of $94,000 in fines. Stephen Benaske and Laura Stearnes, swindled a Michigan doctor through an Internet dating service, according to the division. The division permanently revoked the license of Benaske and ordered him to pay the…

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Grassroots solar event planned for Oct. 3

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In what is being billed as the world’s largest,  solar-event in the world will be held this fall. More than 150,000 people are expected to attend the National Solar Tour being sponsored by the Boulder-based American Solar Energy Society. Most of the events will be held on Oct. 3. The Denver tour will be held form 9 a.m. until 4…

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Renovated home gets green kudos

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This Indiana home renovation shows that “greening” a house can make sense for lower-priced homes, not just expensive ones. Of course, few people would want hurricane damage to pave the way for a green-gutting. Still, it’s food for thought. John RebchookJohn Rebchook has more than 30 years of experience in writing and communications. As the Real Estate Editor for the…

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