Fitzimons Yesterday Today and Tomorrow   I learned some very interesting facts recently at the Aurora Association of Realtors Marketing meeting.  Our speaker spoke about Fitzsimons, past, present and future. In July 1920, the facility was formally renamed the Fitzsimons Army Hospital after Lt. William T. Fitzsimons, the first American medical officer killed in World War I.  it's primary use was for the treatment of casualties from chemical weapons in Europe and for Denver's reputation as a prime location for the treatment of tuberculosis.   Fitzsimons is very important to the City of Aurora and a great provider of Jobs.   Our speaker started by telling us that the City of Aurora fought hard to keep Fitzsimons open when it was on the BRAC list for closure.   The City did not want to los... 10/29/2014

New development to bring amenities to Anschutz Medical Campus - Today, city leaders and developers will break ground on Fitzsimons Village, a new $80 million hotel and office project across from the Anschutz Medical Campus.  Business leaders say the project is a positive sign that financing is returning to commercial development following the recession.  In its first phase, Fitzsimons Village will have a 160,000 square-foot office facility that includes 16,000 square-feet of retail space; a 153-room SpringHill Suite by Marriott; and a regional banking branch.  In the second phase, a seven-story, 208,000 square-foot office building and a full service hotel and conference center will be built.  Read full article:http://www.9news.com/news/article.aspx?storyid=139236&catid=339 06/01/2010

The University of Colorado Hospital is planning a $400 million expansion on the Anschutz Medical Campus. The hospital plans to announce Wednesday that it will break ground on a 12-story tower in early 2011, according to a news advisory sent this afternoon. The project will allow the hospital and its faculty and staff to meet an ever-growing demand for their services throughout the Rocky Mountain region, according to the advisory Colorado Gov. Bill Ritter, Aurora Mayor Ed Tauer and hospital President and Chief Executive Bruce Schroffel will make the announcement Wednesday on the site of the new tower at the Anschutz Medical Campus. http://www.denverpost.com/realestate/ci_15159716 05/26/2010

Corporex Gets Financing for First Phase of Fitzsimons Project In Aurora, CO - Covington, KY-based Corporex is moving forward on the first phase of Fitzsimons Village, a 32-acre mixed-use development across from the Anschutz Medical Campus in Aurora, CO, east of Denver, after securing $80 million in financing.  The project includes the construction of a 153-room hotel and a six-story, 170,000-square-foot office building, with The Children's Hospital Association and administrative and staff offices for Children's Hospital serving as anchor.  The office project includes ground floor retail spaces and a freestanding parking structure. A second office building is planned for an adjacent parcel. http://www.costar.com/News/Article.aspx?id=9F667D1875AFC6874BB722E692E58BEA&ref=100&iid=178&cid=90... 04/22/2010

Investing in Real Estate 9 - Scrapes, Pops and New Construction This blog will discuss a type of real estate investment, scrapes, pops and new construction, in the Fitzsimmons area in Denver.   What this investment is:  Purchasing a small home in an expensive neighborhood that may or may not need work.  The home is bulldozed and a new home or duplex is put on the lot.  Alternatively, the existing home is renovated and more square footage is added on.  A pop-top is adding a second story to an existing home to add more square footage (commonly, a master bedroom suite).   Equity needed:  Being able to document your income and your assets will be critical.  For a commercial loan, your net worth should generally be at least as much as the loan you are seeking.  The good news is that the comm... 12/30/2008

Investing in Real Estate 8 - Condo Conversions This blog will discuss a type of real estate investment, fix and flips, in the Fitzsimmons area in Denver.   What this investment is:  A synthesis of the fix and flip and rental operations - purchasing an apartment building in a neighborhood dominated by owner occupants, then converting the building from apartment building to condominium.  Often requires renovation of the units to meet the expectations of owner-occupant buyers in that area.  Complex and time consuming, but has wonderful tax advantages compares to fix and flips and often has superior returns to all other asset classes.  Ideally suited for the sophisticated investor with extensive experience.    Equity needed:  Being able to document your income and your assets will be critic... 12/30/2008

Investing in Real Estate 7 - Fix and Flips This blog will discuss a type of real estate investment, fix and flips, in the Fitzsimmons area in Denver.   What this investment is:  Purchasing a home that needs work.  The scope can range from the basic "paint and carpet" to extensive overhauls to scraping a decrepit property and completely starting over.  Usually does not involve tenants, and the objective is to get in and out of the property as quickly as possible.  Great for beginners with the right skill sets or the willingness to learn.   Equity needed:  With hard money loans (defined in next paragraph), potentially 0% and they'll finance the construction costs, too.  Expect a LOT of strings to be attached.  A small local lender might give you 75% of the purchase price and the renovatio... 12/30/2008