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LocalConstruct aims to revamp Downtown Boise through housing

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Six years ago, Mike Brown and Casey Lynch stood on Downtown Boise ’s 8th Street and wondered: Why don’t more people live here? Downtown seemed to have everything that a growing percentage of Americans wanted in a place to live. “I mean, there’s all kinds of jobs. There’s a million coffee shops and hair salons and restaurants, and there’s an active street life ,” says Brown, who founded the Los Angeles- based development company LocalConstruct with Lynch in 2008. Casey Lynch, left, and Mike Brown have made their mark in Boise. Provided by LocalConstruct But in 2011, fewer than 4,000 people lived in Downtown’s scattered apartment and condominium buildings and houses. On a typical weekday afternoon , most Downtown workers got in their cars and put the city in the rearview mirror. Brown and Lynch saw an opportunity. They thought Boiseans would trade ample floor space and vaulted ceilings in the suburbs for smaller, high- end Downtown apartments that offered amenities like gyms, a do...

King of the Hill: How Vail Resorts Conquered the Ski Industry

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Since it was installed in 2010, the "orange bubble" chairlift at The Canyons in Utah has become the resort's most iconic feature. The high-speed quad, which whisks skiers 8,700 feet to the summit of Lookout Peak in just nine minutes, was the first in North America to have heated seats and a plastic shield — the bubble — to protect riders from frigid air and snow along the way. It's just like a gondola, but you don't have to take off your skis. Any skier would love it. But Robert Katz is not any skier. He's the CEO of Vail Resorts, the $1. 4 billion resort powerhouse that owns The Canyons. Vail bought the resort in 2013, and then — through a mix of luck, lawyers, and shrewd business — snatched up neighboring Park City Mountain Resort in 2014, merging the two into a single mega-resort now known as Park City. Vail now owns 14 resorts, which have a total of 305 lifts, and Katz thinks long and hard about all the little things that go into making the properties s...

Carytown apartments sell for $1.7M

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rose manor apartments " width="600" height="381" /> The Rose Manor Apartments at 16-18 S. Dooley Ave. sold for $1.75 million. ( Jonathan Spiers ) A renovated apartment building in the Carytown area recently sold to an out-of-market buyer in a seven-figure deal. The eight- unit Rose Manor Apartments at 16-18 S. Dooley Ave. sold Aug. 2 for $1.75 million. City property records list the buyer as Silver Mountain Properties Ltd., an entity based in southwestern Virginia. The seller was DiJon Properties LLC , which purchased the two-story, 8,200-square-foot building in 2009 for $435,000 and renovated the property in 2014. The latest city assessment valued the 0.12-acre property at $975,000. DiJon Properties was represented in the deal by Matt Hamilton, Jackie Noel and Bruce Milam of Colliers International’s Richmond office. Silver Mountain was represented by Ryan Tyndall of Washington, D.C.- based Bediz Group LLC , an affiliate of Keller Williams Capital P...