Cherry Creek Perspective

Welcome to Cherry Creek Perspective – monthly news of mobility-related and affordable housing real estate throughout the Denver-metro area, and news of real estate, public sector and economic developments in the southeast Denver – Glendale area, relying in part on articles published in Real Estate Perspective.

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Each business day for Real Estate Perspective, the JRES staff reviews all Denver metro area wide and local newspapers, trade journals, government websites, blogs and other sources for commercial and residential real estate and economic news. News items are condensed into easily readable summaries providing all of the essential facts for the Real Estate Perspective newsletter. And Apartment Perspective, provides a detailed update of Denver metro area apartment rental, vacancy and development/construction activity including proposed projects.

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2022 Housing Colorado Conference – October 12-14 – the Beaver Run Resort – Breckenridge
Space is extremely limited for this year’s conference, and we expect tickets to sell quickly.
Housing Colorado is an industry resource for all aspects of affordable housing, including professional advocacy, issue expertise, and networking opportunities.


26th Annual Denver Cherry Creek Rotary Open Golf Event
Bear Dance Golf Club – Tuesday, July 19, 8:00 AM Shotgun start
Over the past thirty-five years, the Denver Cherry Creek Rotary has raised and donated more than $800,000 to support local and international charitable programs and projects.


RTD Systemwide Fare Study and Equity Analysis

RTD received feedback from customers that fares are expensive and difficult to understand. In response, RTD implemented a Systemwide Fare Study and Equity Analysis to reexamine the RTD fare system holistically, taking into consideration equity, affordability, and simplicity. RTD is taking a customer-centric approach to this study, with opportunities for customers as well as stakeholders and the community members that we serve to help shape the direction of this study. RTD will explore and evaluate potential changes to the fare structure and pass programs throughout 2022, with consideration of study recommendations by the RTD Board of Directors planned for early 2023.


Global Real Estate and Real Estate Federal Tax Tips

The Global Real Estate Project is a program of the Franklin L. Burns School of Real Estate and Construction Management at the University of Denver’s Daniels College of Business, directed by Dr. Mark Lee Levine, Professor and Endowed Chair. Dr. Levine also provides weekly updates of federal tax related real estate Tips, new publications and general updates to students, investors, and the general public for research of real estate opportunities both domestic and abroad.


Southeast Denver Elected Officials Online Town Halls

Join Denver city council members, state representatives, school board representatives, and RTD board members for a Virtual Town Hall.

Bi-weekly on Thursdays  – 4:00-5:00 PM


Work From Home Resources

Offering employees more choices for how and when they work can be key to ensuring business continuity and emergency preparedness for your workplace. We have compiled some resources for you to help quickly start or refine work from home options for your workforce. Transportation Solutions is a transportation management association that makes things happen.


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What Can Be Done About the Global Housing Crisis? Plenty

There are issues with the central European model, but in general, the countries that have made their housing markets work best are those that incentivize cheap rental prices or easy home ownership, while dissuading those who look to invest in properties as solely a revenue-generating source of income. “There’s no reason we [the rest of the world] can’t have that,” says Wilson Craw. “But practically, getting from here to there, we need to think about what barriers the political system presents.”

Assessing the Impact of Affordable Housing on Nearby Property Values in Alexandria, Virginia

Stable, affordable housing provides benefits to both people with low incomes and local economies overall. Despite these benefits, property owners who live near proposed affordable housing developments often oppose such projects, citing fear that the developments will cause their property values to decline. However, empirical research provides little evidence that subsidized housing depresses neighborhood property values.

Opportunity Zone Funds Boosting Surge in U.S. Multifamily Construction

There was some expectation at the outset that OZ investing might be directed at impoverished and beaten-down inner-city tracts in desperate need of redevelopment. It hasn’t worked out that way. In Chicago, the Habitat Co. has been dedicated to affordable housing for decades and was a key player in the redevelopment of the city’s public housing. Habitat is a partner in a $200 million mixed-use project called Ogden Commons that will include 350 mixed-income housing units in the North Lawndale neighborhood. Ogden is in an OZ, and the hope had been that OZ funding would be a key component in the capital raise. But as it turned out institutions, including PNC Bank, have stepped in and underwritten the project largely with Low Income Housing Tax Credits instead. Jeff Head, vice president for development with Habitat, had once harbored some hope that OZ and LIHTC investing could occur side-by-side in urban projects. “These tax-credit developments are viable long-term assets for banks with tax credit investing platforms. But the real estate doesn’t appreciate a lot and doesn’t bring high returns,” Head says. “One thing we have found is that OZ investors do care about yield. Banks have lower yield expectations, by comparison.”

Study: Inclusionary Housing Policies Deliver More Affordable Homes

The first in a series of policy briefs, Missed Opportunities: Assessing and Leveraging Requirements, Incentives and Trade-Offs in Affordable Housing Development, examines how establishing set-aside and affordability pairings without careful calibration rooted in current housing market economics can create missed opportunities to both maximize the number of affordable units produced and ensure lasting affordability by adjusting offsets.

Understanding America’s homelessness crisis

By 2015, one quarter of all homeless people were suffering from a serious mental disorder such as schizophrenia. Drug and alcohol use is also often a factor: More than a third of homeless shelter residents struggle with substance-abuse disorders. But researchers say that the role of economic factors — particularly the cost and availability of housing — should not be underestimated.

Denver’s Housing Surge Successful

Denver City Council Member Kendra Black reports that in a second 100 day surge to house people experiencing homelessness, Denver’s Office of Housing Stability (HOST) has successfully rehoused 146 households in the first 50 days. HOST expects to house another 246 households—a total of 400—by May 11. During Denver’s first 100-day housing surge last fall, a total of 340 households, including 576 individuals, were placed into housing. The effort far exceeded its goal of placing 200 households.



New Research Shows That E-Bikes Are Outpacing Electric Cars Sales in the U.S.

Georgia’s 11Alive station just investigated and verified the claim that more e-bikes were sold than electric cars last year. Their research team estimates that while 608,000 electric cars and trucks were sold in 2021, more than 880,000 e-bikes were also purchased. That’s almost double the estimated 450,000 e-bikes that were sold in 2020.

The Smallest New Yorkers Join the Pandemic Biking Surge

As in many cities around the world, biking in New York surged during the pandemic as residents sought alternatives to public transportation. The city’s bike-share program, Citi Bike, recorded nearly 28 million rides last year, an increase of about 32 percent from the 21 million rides in 2019, before the pandemic. No reliable bike ridership data is available that focuses on the age of riders or people riding together, making it difficult to gauge the popularity of parents carrying children on bikes. But companies that manufacture bikes and local bike store owners say the uptick in New York seems undeniable.