Construction Defects Fix Passes Senate

A new construction defects law, the lack of which has plagued condo development in Colorado for some time, is closer to reality with the passage of a reform bill by the Colorado Senate this week. The measure, Senate Bill 177, passed 24-11 with mostly Republican but also some Democratic votes. Colorado House Speaker Dickey Lee Hullinghort, however, let it be known that the bill will have to be amended to allow aggrieved condo owners the right to take their disputes with builders to court, the Denver Business Journal reports. Similar bills have died before making it to a vote each of the last two years. [DBJ]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Denver Newsletters
Related Stories

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Miami's Condo Craze Has Developers Spending Millions On Sales Galleries

Oil Company Expands Again At Cash Register Building

Slate, Hudson Cos. Picked To Develop Massive Queens Housing Project

Ryan Cos. Secures Permit For Austin's Sixth Street Redevelopment

Rapper Rick Ross Joins 670-Unit Miami Gardens Condo Project

How A New Financing Model Helps Spur More Mixed-Income Housing