apartments
Owner of troubled Aurora apartments faces state investigation related to conditions, consumer-protection laws
The owners of several dilapidated apartment buildings in Aurora and Denver have faced a new threat in recent months: an investigation by the Colorado Attorney General’s Office on suspicion of violating the state’s safe-housing and consumer-protection laws.
The state office sent subpoenas to CBZ Management, one of its primary representatives and several of its subordinate companies in September, according to records obtained by The Denver Post. The subpoenas seek answers and records related to a swath of CBZ’s practices, including how it advertises its properties and whether tenants get the apartments they have toured; how the companies track and respond to maintenance requests and health code violations; how they handle security deposits; and how they screen tenants, among other questions.
CBZ Management’s buildings in Aurora have been the subject of extensive tenant and municipal complaints and have recently drawn international attention over allegations the properties were overtaken by gangs.
The suspect in Thursday’s fatal hostage situation and shootout at Broomfield’s Arista Flats apartment complex and the woman he held hostage lived in the same apartment, property managers said.
In an email to residents, Arista Flats management said the hostage and gunman lived together, but police have not specified what the nature of their relationship was.
“As you likely know, there was a domestic violence incident in our community early in the morning of Sept. 12, 2024, that involved a male resident firing shots inside and outside of a unit and injuring a female resident who resided in the same unit,” management wrote in the email. “The incident ended after a short stand-off with law enforcement and the resident was taken into custody.”
AUSTIN — Even if population growth in metro Denver came to a screeching halt, the region would still need to add tens of thousands of new homes and apartments to cover a deficit built up after a decade of under construction, according to an analysis from Zillow.
The country has seen the strongest pace of new home construction since 2007, the final year of the housing boom. Even with that, Zillow estimates that the country’s housing deficit rose from 4.3 million units in 2021 to 4.5 million in 2022, the most recent year available for analysis.
“We desperately need to build more housing,” said Orphe Divounguy, a senior economist at Zillow, during an interview at the National Association of Real Estate Editors in Austin on Tuesday.
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