Colorado
Colorado shuts down property manager, fines him $445K he’ll never pay
Colorado has revoked the license of real estate agent Paul Guthrie and fined him $450,000 but says he will have to pay only 1% of that if he promises to never sell properties again.
Guthrie, who previously owned Investor’s Realty in Denver, was a real estate agent and property manager. Online complaints about his company repeatedly accuse it of running off with rents.
The Colorado Real Estate Commission investigated 13 allegations against Guthrie. On Jan. 28, it reached a stipulation agreement with Guthrie in which he acknowledged commingling funds, diverting his clients’ money, being incompetent and not holding clients’ funds.
Guthrie surrendered his license that day and agreed to a fine of $448,500, with $445,050 of that set aside and only charged to Guthrie if he seeks a real estate license in the future.
“Fines are calculated by the number of violations,” Real Estate Commission spokesman David Donnelly told BusinessDen. “The commission does not have the legal authority to issue restitution, so the amount of any fines imposed … is not correlated with any damages made to consumers.”
Donnelly said that setting aside fines is a concession the commission makes to resolve a disciplinary matter without litigation in cases where a broker is about to lose a license.
“Therefore, for a variety of reasons such as cost, time and certainty, stipulations, including those where a portion of fines is stayed, are in the interests of justice and furthering the (Colorado Real Estate) Division’s goals of consumer protection,” its spokesman said.
Guthrie, who now sells insurance, deferred comment to his lawyer, Warren Price of Murphy & Price in Colorado Springs. Price initially agreed to comment but later declined to.
The revocation of Guthrie’s license was referenced in a Feb. 2 lawsuit filed against him, his wife and Investor’s Realty. The plaintiff is a former assistant of Guthrie who won a $700,000 jury verdict against him and Investor’s Realty because she was fired after reporting that a colleague had sexually harassed her. In her new lawsuit, she contends that the Guthries sold their $3.8 million home in Washington Park ahead of the harassment trial in 2023 to avoid paying her.
The Guthries and Investor’s Realty have not yet responded to that lawsuit in court.
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Colorado
Voters asked to alter Colorado city’s zoning for more affordable housing in special election
Voters in one city near Denver can expect to start seeing ballots in the mail beginning Monday.
On April 7, voters will decide whether to keep or repeal recent rezoning changes approved by the Lakewood City Council.
A debate over those zoning changes has played out over several months and will now head to voters.
Cathy Kentner, an organizer with Lakewood for All, said she initially doubted the petition effort would succeed.
“I am very honest in saying, when I was asked my opinion, I said I didn’t think it was possible,” Kenter said.
Kentner said organizers wanted the issue returned to the community for broader input.
“By taking this back to the drawing board, we can include everybody and have a truly transparent process that respects and hears everyone’s voice,” she added.
A “yes” vote would overturn the zoning changes the council approved in the fall. A “no” vote keeps those changes in place.
Lakewood Mayor Wendi Strom said the rezoning was intended to help the city meet the goals of its comprehensive plan and address a lack of housing options.
“We know that we have a lot of people who can’t afford $2,000 a month in rent for an apartment. We also know they can’t afford an $800,000 or $900,000 single‑family home. What we’ve heard over and over again from community members is, ‘can we get something in the middle, whether it be condos or townhomes?’” Strom said.
The rezoning — now paused during the special election — would limit the overall size of a home but remove restrictions on how many units can be built within that square footage. City councilmembers say the change would allow more duplexes, townhomes, and other “missing‑middle” housing options.
Kentner and other opponents disagree.
“They are going into corporate ownership or investment properties and being turned into duplexes or triplexes that are made to sound affordable. But a teacher like me can only afford to buy one home — we can’t afford to buy two or three at a time. More likely than not, this pushes working‑class people into what is often referred to as ‘permanent rentership,’” Kentner said.
Strom said the petition and resulting special election were not expected, but acknowledged that it is part of government: “It is a natural part of the governmental process to open it up and give the citizenry the ability to say, ‘wait, not so fast.’”
The rezoning issue includes several other changes detailed in four different ordinances by the Lakewood council and can be viewed in detail on the city’s website.
Colorado
Colorado committee recommends rejecting alcohol, marijuana tax hike to fund mental health care
Colorado
Colorado football making a four-star DL a top 2027 target
The Colorado Buffaloes’ recruiting staff is looking to bolster its 2027 recruiting class with some elite talent. After a flurry of visits for last Friday’s spring practice, the Buffs are making waves with a top 2027 defensive lineman.
Four-star lineman Khing Thibodeaux, who set a visit to Boulder for June, views the Buffs as the top school heading into the spring. He also has visits set with Auburn (March 21), Oklahoma State (March 28), Texas (April 4), Miami (April 11), Florida State (April 13), Arizona State (April 18) and LSU (April 25).
He tells Rivals (subscription required) that Mississippi State, Colorado and Florida State are the de facto leaders with the Texas native stating Deion Sanders’ Buffs have made Thidodeaux “their top defensive line target in the 2027 class.”
It is quite the statement from the No. 194 player in the country and a top-25 defensive lineman. CU clearly has Thibodeaux as a priority, and landing a commitment from him would give the Buffaloes 2027 class a massive jumpstart.
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