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For decades, it seems the Denver skyline has remain unchanged, until recently that is. With a torrent of people flocking to live in the Mile High City, Denver has seen an unprecedented building boom for residential and now high-rise commercial space. There have a been a handful of new additions to the Denver skyline, but none as significant as the 1,000-ft. tall, 90 story, $400 million skyscraper planned for 650 17th Street, which is also the building’s proposed name. If approved Six Fifty 17 will become the most visible crown jewel of Denver’s downtown skyline.

“Transforming a skyline — especially in a city with as much history and progressive spirit as Denver — takes powerful collaboration between global and local talent. I can confidently say that GRC has accomplished this with 650 17th Street,” said Mike Ursini, managing director of Greenwich Realty Capital (GRC), which is a New York-based real-estate developer.1

Plans and Details about Six Fifty 17

Will Six Fifty 17 Be Denver’s Newest Mixed-Use Crown Jewel? | Denver Property Tax Appeal Attorney

Will Six Fifty 17 Be Denver’s Newest Mixed-Use Crown Jewel? | Denver Property Tax Appeal Attorney

The following details and plans about Six Fifty 17 were gathered from news reports and the building’s website at

Red Tape and Legal Hurdles Facing Six Fifty 17

The following are some of the municipal hurdles that Six Fifty must pass before it can become reality:

Contact a Denver Real Estate Lawyer at Downey & Associates, PC

The last thing a developer wants to happen with a large construction project of this magnitude, is to have it scrutinized by planning boards and possibly even not approved for some type of unforeseen zoning or building code violation. The Denver Real Estate Lawyer at Downey & Associates, PC. has the experience to oversee many of the legal and transaction hurdles facing large development projects of this size and scope. Our Denver real estate lawyer can also oversee:

To schedule a free, no-obligation initial consultation, call 303-647-9399, or contact us via email using the online message form available on this page.


1“Massive Proposed Skyscraper Would Change Denver Skyline” published in Our Community Now, Oct. 2017.

To answer that questions, one only needs to look at real-life examples of the business world. Right here in Denver parent company of the Denver Post, MediaNews Group, put its neck out there and voiced its outright opposition to Randstad North America Inc.’s $429 million purchase of Monster Worldwide Inc.

MediaNews’s Senior Vice President Joe Anto wrote a letter to Monster stating that Randstad’s $429 million offer for the company was too low. MediaNews owns approximately 11.6 percent of Monster’s stock. Additionally, Anto claimed Randstad’s “$3.40 per share deal would represent the textbook definition of selling at the bottom.”

Additional Transaction Details and Allegations of the Monster Acquisition

business meeting

The following transaction details and allegations of the acquisition of Monster by Randstad were collected from media reports:1

When is it Appropriate to Sue a Board of Directors?

Obviously, board of directors of any company wield quite a bit of authority over the company operations, and they are beholden to shareholders. Shareholders represent partial ownership stake in those companies, and when the board of directors makes poor business decisions the shareholders have every right to display their disdain and possibly even take legal action to correct any infraction.

Here is a list of fiduciary duties that boards of directors are typically subject to:

Contact a Denver Business Attorney at Downey & Associates, PC

Has your board of directors taken an action that either profited its members or unknowingly hurt the bottom line of your company or corporation? If so, you can count on a Denver Business Attorney with Downey & Associates, PC. Since 1983, Thomas Downey and the legal team at Downey & Associates, PC, have been exhibited exceptional legal representation for their clients in all manner of business-related matters, including contract negotiations, workplace accidents, and corporate conflicts.

For a free, no-hassle consultation about our legal services, please call our Denver business attorney today at (303) 647-9399 or by emailing us using the contact form on this page.

From our law offices in Englewood, we serve clients throughout Colorado and the U.S.


1“Denver Post parent company vehemently opposes Randstad’s purchase of Monster” published in Denver Business Journal, Sept. 2016.

If you are a die-hard Denver Broncos fan, this one will be music to your ears. It seems a bankruptcy judge has granted a request from Sports Authority to transfer the naming rights of Mile High Stadium back over to the Denver NFL football team. Sports Authority Holdings, Inc. failed to make its last contract payment and then made the name grant request.

The Broncos were in a position to pay out $19.9 million to buy out the last five remaining years of the contract, which the judge would have had to sign off on.1 However, after Sports Authority defaulted on their contractual payment court records show that Sports Authority made the name transfer request in Delaware, which is where it filed for bankruptcy protection back in March of 2016.

What Will Happen to the Stadium Name Going Forward?

sports authority field

Obviously, most Denver Broncos fans would like the team and the Metropolitan Football Stadium District to keep the name “Mile High Stadium” as part of the namesake. Some Broncos fans have even proposed naming the stadium after its long-time, ailing owner, Pat Bowlen.

The Broncos plan to keep the Sports Authority name in place until they can work out a long-term deal with another sponsor to help generate stadium revenue. The stadium’s manager, the Metropolitan Football Stadium District, has indicated that they need a long-term, sponsored naming contract in place to help with facility improvements. The Broncos sold the naming rights to Invesco in 2001 for $120 million. Sports Authority acquired the naming rights in 2011, when it inked a 25-year contract deal for $6 million per year. Apex Marketing Group Inc., a St. Clair, Michigan-based sports marketing firm, puts the estimated value of Mile High’s naming rights at a little more than $15 million per year.2

Mile High Naming Rights Controversy

"What’s the big deal about naming or branding a stadium?" you may ask. Well, to the fans of their beloved Denver Broncos, who enjoy one of the most successful NFL franchises in the history of football, it's a very big deal. The original stadium name of Mile High is derived after the city itself, which also has the nickname of the “Mile High City,” and there's even has a plaque on the steps of the State Capitol building to prove it.

So, when the Broncos sold the naming rights to the newly constructed stadium many fans were less than pleased. In fact, the Denver Post and its columnists refused to utter the name “Invesco” in its news copy when referring to Mile High Stadium, and instead referred to it as its old name. It took several years before the Denver Post changed its policy and began referring to the stadium as Invesco Field at Mile High.

Here are some of the stadium’s previous names:

Contact a Denver Business Attorney at Downey & Associates, PC

Is your business in a contentious contract, sponsorship, or naming dispute? If so, call on the legal expertise of Denver Business Attorney Thomas E. Downey. Since 1983, Thomas Downey and his team of legal professional at Downey & Associates, PC have been providing legal representation to clients for all kinds of business-related matters.

Our Denver business attorney and legal team have extensive experience handling complex matters of corporate and real estate law. Our clients can also trust that we will aggressively protect their rights and help them achieve the best possible outcomes in their sensitive legal matters.

Call our Denver business attorney today at (303) 813-1111 or by emailing us using the contact form on this page. From our law offices in Englewood, we serve clients throughout Colorado and the U.S.


1“It's official: Broncos intercept naming rights at Sports Authority Field” published in Denver Business Journal, August 2016.

2“Stadium district in waiting game over disposition of Sports Authority’s Mile High Stadium naming rights” published in the Denver Post, June 2016.

Acquiring real estate is a lot like dating, and then getting married. You get the opportunity to check the place out and see if you like it, then you seal the deal. But, just like getting married, many investors tend to find out about some skeletons in the closet that can turn out to make your life difficult.

We’ve all heard stories about some of these ghosts and goblins hiding in the most unsuspecting places. For instance, one investor acquaintance of mine picked up a lot that was prime for development in the perfect location of a town, but the only problem was there was an old fuel tank buried underground on the back of the property. The cost to evaluate the environmental impact, and then remove the tank made the investment look pretty terrible, actually.

Mistakes to Avoid When Inking Commercial Real Estate Deals

empty building

In this blog, we’ll look at five of the most common mistakes made when making a real estate deal:

Contact a Denver Business Attorney at Downey & Associates, PC

Real estate transactions and property disputes involve risks, which is why you need Denver Business Attorney Thomas E. Downey, who is trusted, knowledgeable, and experienced. Since 1983, Thomas Downey and the legal team at Downey & Associates, PC, have been providing attentive and knowledgeable legal counsel on how to handle your real estate matters.

Working with our team, located in Englewood, you’ll save money, time, and worry. Our aggressive professional advocacy team handles the following types of services: business and commercial disputes, antitrust litigation, real estate matters, personal injury (both plaintiff and defense), product liability, property tax, employment law, and OSHA/MSHA conflicts.

To schedule a free, no-obligation consultation, call (303) 813-1111 or by emailing us using the contact form on this page.

Buy-sell agreements are documents that can outline what should happen with a business in the event certain situations arise.

While there are a number of different reasons that business owners should develop buy-sell agreements, once they have these agreements in place, it will also be important to regularly review and update them to ensure that:

Below, we’ll reveal some of the most important times to review and consider updating these agreements.

Review Buy-Sell Agreements When…

1 – The value of the business has changed.

lady justice desk statue and court gavel

As businesses downsize or grow, their value will naturally change. Given that buy-sell agreements can specify the value of the business and that they may not have provisions regarding how to handle a changed value of that business, updating these agreements when the value of the business has substantially changed is important.

One reason for this is that, when businesses are overvalued, partners may end up paying way too much to a terminating partner, as his or her share will have been calculated based on the inflated business value that is no longer accurate.

2 – Owners’ spouses are not addressed in the agreement.

Marriage and divorce are two other reasons to review and update buy-sell agreements. In fact, with these agreements, it will be crucial for business owners to provide provisions regarding how a new marriage – or a divorce – will impact the business.

The goal here is to prevent these changes in owners’ romantic relationships from altering control over the entity (as divorce, for instance, can give a spouse claim to part of a business if a buy-sell agreement doesn’t specifically preclude this possibility).

3 – The agreement doesn’t address certain other key issues.

There are a number of other life events that should be covered in buy-sell agreements if business owners are really serious about maximizing the protections provided by these tools.

In fact, you will likely want to review and update your business’ buy-sell agreement if it doesn’t have provisions regarding the following:

Denver Business Lawyer at Downey & Associates, PC

If you need help developing or updating a buy-sell agreement for your business – or you need assistance with any business legal matter, you can count on Denver Business Lawyer Thomas E. Downey. Since 1983, Thomas Downey and the other legal professionals at Downey & Associates, PC, have been providing individuals and businesses in the Denver Metro Area and throughout the U.S. with the highest level of legal service for their litigation, property tax and real estate legal issues.

To discuss your business legal needs and find out more about how we can help you, contact our firm today by calling us at (303) 813-1111 or by emailing us using the contact form on this page.

From our law offices in Centennial, we serve clients throughout Colorado and the U.S.

Buy-sell agreements are essentially types of contracts that detail how a business may be impacted by certain events that may affect its shareholders. Also referred to as buyout agreements, buy-sell agreements can offer business owners various protections in the future, potentially preventing them from having to go through costly litigation when changing circumstances affect business owners’ holdings in a given company.

Taking a closer look at buy-sell agreements, in this blog series, we will highlight some of the most important reasons that business owners should have these agreements in place.

When you are ready to develop buy-sell agreements – or when you need assistance with any business-related legal matter, you can turn to experienced Denver Business Attorney Thomas E. Downey for experienced help and the best possible representation.

Here’s How Buy-Sell Agreements Can Help Protect Your Business

pen signing with city skyline background

Buy-sell agreements can be beneficial for your business by:

1 – Addressing valuation and succession issues

As businesses grow and their founders or owners look towards retirement, buy-sell agreements can provide provisions that detail how an individual’s shares in a business are to be evaluated and/or passed on to that person’s chosen successors. Depending on the needs of a given business, as well as the wishes of its owners, this element of buy-sell agreements can specifically require that shares in a business:

2 – Specifying how certain family dynamics may impact a business/interest in the business

When families share ownership in businesses – or when one family member owns a business that other relatives work for, detailing just how the family dynamics can play out in the business and potentially impact the shares in the business can be another crucial reason to have buy-sell agreements for that company.

For instance, let’s say a business owner has an adult child who may be considering marriage. If the business owner specifically does NOT want his future in-law to have a share in the business through the marriage, then buy-sell agreements can specifically prevent this from occurring, and having such provisions in contract form can be essential to:

More Ways Buy-Sell Agreements Can Be Beneficial

3 – Detailing dispute resolution options for business owners

signing document

Ideally, business owners will have the same vision for their business throughout the life of that company, and they will agree on the major decisions that are necessary for growing that company.

In actuality, however, business disputes can arise for various reasons, with some of the more contentious disputes between business owners typically arising when issues related to ownership in the company arise.

With buy-sell agreements, however, the manner in which these disputes are to be resolved can be detailed, and this can be crucial to:

4 – Stipulating how shares in a business can be sold/purchased in the future

When people start their businesses, they probably aren’t thinking about if or when they may want out of the business in the future. However, because things change and business owners may decide that they want to move on from a given business years down the line, having specific details for how this will happen can be critical to an efficient, smooth transition that, ideally, will not impact the operations or profits of a given business.

In fact, with this aspect of buy-sell agreements, business owners can outline:

5 – Detailing how life-altering events for business owners will impact a business

business team watching handshake

The one constant in life is that things are always changing. In order to be prepared for such changes – particularly the ones that will alter people’s lives dramatically, savvy business owners can specify in their buy-sell agreements just how certain life events may impact a business and owners’ share in that business.

For instance, buy-sell agreements can specifically provide details about how events, such as the following, are to be handled when they impact any of the business owners:

6 – Dealing with certain estate tax issues

Estate tax issues may come into play when a business owner passes away. In such cases, buy-sell agreements can provide detailed formulas for calculating the value of the decedent’s share in the business so that the estate tax obligations related to that share can be appropriately determined and met.

Here, it’s also crucial to note that:

7 – Guiding future management choices

Buy-sell agreements can also be powerful ways for business founders to ensure that their founding vision for a business will continue to be upheld by future owners of that business. For instance, with this aspect of buy-sell agreements, business owners can provide some guiding principles for resolving business disputes, keeping the shares of the business in the family, etc.

So if you have some strong beliefs about how your business should operate now, as well as after you are no longer directly managing or involved with it, developing a buy-sell agreement can ensure that your wishes are carried out in the future (to the extent possible).

Denver Business Lawyer at Downey & Associates, PC

Are you ready to develop a buy-sell agreement for your business? Or do you need help resolving any business legal issue? If so, you can turn to Denver Business Lawyer Thomas E. Downey. He has the integrity, experience and resources necessary to ensure that you will receive the highest level of personal service, the highest quality legal services and, ultimately, the best possible outcomes to your important business legal matters.

To learn more about how Attorney Thomas E. Downey can help you, call us at (303) 813-1111 or email us using the contact form on this page. From our law offices in Centennial, we serve clients throughout Colorado and the U.S.

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