Aldo Svaldi
Business Reporter at The Denver Post
Business Reporter @denverpost. Cover the economy, economic development and residential real estate. P: 303-954-1410 E: [email protected]
Articles
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2 days ago |
denverpost.com | Aldo Svaldi
Metro Denver’s housing market now has more unsold listings available than at any point since 2011, with 13,599 properties looking for a buyer at the end of May, according to a monthly update from the Denver Metro Association of Realtors. That is nearly 50% higher than the 9,159 listings available a year ago and 6.5 times the tight 2,075 listings available in May 2021, which marked a record low for that month.
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4 days ago |
denverpost.com | Aldo Svaldi
United Auto Workers members in Orlando and Denver have ratified a new five-year contract with Lockheed Martin, ending a month-long strike that involved more than 900 employees at the defense and aerospace giant. “This was a hard fight,” said Brandon Campbell, director of UAW Region 4, in a news release. “Lockheed was determined to hold onto every cent of the $24 billion it made during the last three years. But UAW members stood up to win our fair share of the profits that we generate.
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6 days ago |
denverpost.com | Aldo Svaldi
Metro Denver has moved solidly into the buyer’s camp, with home sellers outnumbering buyers by a widening margin, according to a report Thursday from Redfin, a Seattle-based residential real estate brokerage firm. Nationally, there were an estimated 1.9 million home sellers in the U.S. housing market and an estimated 1.5 million homebuyers in April, according to Redfin, which works out to a 33.7% advantage to buyers.
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1 week ago |
denverpost.com | Aldo Svaldi |Jessica Alvarado Gamez
In the battle for Downtown Denver’s future, victory or defeat could hinge on convincing people it is safe to visit, work and live in the area, and key to that will be restoring the vibrancy of 16th Street (“mall” was recently dropped from its name), which is wrapping up a three-year renovation. Surveys of why people avoid downtown center on a lack of a sense of safety, and city officials and the Downtown Denver Partnership have made restoring it a priority.
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1 week ago |
denverpost.com | Aldo Svaldi |Jessica Alvarado Gamez
The COVID-19 pandemic turned Downtown Denver from the place to be to a place to flee, derailing two decades of momentum overnight. Five years later, downtown’s recovery continues to lag behind most other cities, and the delay is costing Denver and the region. “We can wait 10 or 15 years and the market will correct. It historically always has,” said Kourtny Garrett, president and CEO of the Downtown Denver Partnership.
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RT @JudithKohler: .@AldoSvaldi looks at how Castle Rock seeks to cast off "bedroom community" label https://t.co/Bu7Nr9SBtd via @denverpost
RT @LAColacioppo: More than $11K per person came to Colorado for COVID relief. Where did it go and who were the winners? Check out your cou…
After months of sorting through federal databases to understand how federal dollars flowed to the local level in Colorado, our Big Payout series is launching. A dozen resort counties received as much help as 40 non-resort rural counties. https://t.co/t2BUltB1P1