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Buz Koelbel, family development firm’s second generation, dies at 72

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Buz Koelbel, family development firm’s second generation, dies at 72


Buz Koelbel, who led his father’s Denver-area real estate firm for nearly 40 years before stepping down from the top job earlier this year, has died.

Koelbel, 72, died Thursday from blood cancer, according to his family.

Buz Koelbel (Provided by Koelbel and Co.)

Koelbel’s father, Walter A. Koelbel Sr., was a Michigan native who moved to Colorado for military training in World War II, then stayed to attend the University of Colorado Boulder. He founded Koelbel and Co. at age 26 in 1952 as a residential brokerage and found early success buying land to the south of Denver in the path of the region’s growth.

“Early on, my dad realized that dealing with the real-estate agents and the brokers wasn’t as much fun as looking for good land and figuring out what to do with it,” Buz Koelbel told Avid Lifestyle, a publication that covers Denver’s southern suburbs, in 2021.

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Koelbel, born the same year his father founded the company, was his father’s junior. But he acquired his nickname early on, thanks to his toddler older sister’s mispronunciation of “baby brother.”

“My sister couldn’t say Walter and she called me her little baby buzzer — and it just stuck,” he told the Villager newspaper in 2017. “When I was learning cursive in first or second grade, I looked at it and thought it sounds the same with one ‘z’ as two.”

Koelbel and his father’s company grew up together.

“To get us kids out of the house, he’d take us on property tours,” he told the Villager. “But probably the most significant memory is when they started converting my grandparents’ Hereford cattle farm into what is now Pinehurst Country Club and community. We used to play in the cornfields out there as a kid. That was our first big flagship community.”

Koelbel graduated from Thomas Jefferson High School and, like his father, UC Boulder, where his family became a major donor. The university’s Leeds School of Business is located in the Koelbel Building.

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After graduating in 1974, Koelbel worked in property management in San Francisco for two years before joining Koelbel and Co. in 1976. He was named president in 1985. His father died in December 2011.

Koelbel and Co.’s development activity has been varied. The firm has developed single-family home communities in the Denver area, including The Preserve in Greenwood Village, as well as Rendezvous in Grand County. It also developed the region’s largest apartment complex — The Breakers Resort, now TAVA Waters, in southeast Denver, which set a record when it sold in 2016. The company also developed 10 income-restricted housing projects during his tenure.

The firm, however, isn’t just residential. Commercial projects have included retail space in Parker, a business park in Louisville and RiNo’s Catalyst office building. Another office building is underway in Aurora geared at defense contractors. In recent months, Koelbel has been the buyer as sellers have unloaded Denver Tech Center office buildings at big losses.

The firm didn’t stray outside Colorado for decades. But last year, Koelbel and Co. broke ground on a Catalyst office building in Omaha.

Koelbel stepped down from day-to-day responsibilities at the company in the spring, handing the title of president and CEO to son Carl Koelbel and taking on the title of chairman. His other sons, Walt and Dean, are also executives at the firm. Koelbel and Co. calls itself “the longest operating family-owned real estate development firm in the region.”

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“We’ve all got what my dad calls the dinner-table DNA,” Carl Koelbel told the Villager in 2017. “It was growing up and hearing my dad talk about real estate. It just got embedded within us.”

Koelbel was a co-founder of the Denver South Economic Development Partnership, the Common Sense Institute and the High Line Canal Conservancy, according to his family. He served as a board member for a variety of organizations including the Denver Museum of Nature and Science and CU Real Estate Center.

Koelbel is survived by Sherri, his wife of 41 years, as well as his four children — Carl (Fallon), Walt (Laura), Dean (Kristin), and Bethany Mihalcin (Justin) — and four siblings: Lynn Stambaugh (Jim), Bob (Deb), Leslie Webb (Tom) and Laurie Chahbandour (John). He is also survived by 11 grandchildren who, according to his family, gave him a new nickname: “Bop.”

A memorial service will take place on Oct. 1 at 1:30 p.m. at Bethany Lutheran Church in Cherry Hills Village. A reception will follow at Cherry Hills Country Club. In lieu of flowers, his family asks that donations be made to Junior Achievement or the High Line Canal Conservancy.

Read more at our partner, BusinessDen.

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Broncos clinch AFC’s No. 1 seed, home-field advantage throughout AFC playoffs

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Broncos clinch AFC’s No. 1 seed, home-field advantage throughout AFC playoffs


DENVER — The Broncos have checked off their second goal of the season.

Denver officially clinched the AFC’s No. 1 seed and home-field advantage throughout the AFC playoffs with Sunday’s 19-3 win over the Los Angeles Chargers.

As the top seed, the Broncos will receive a first-round bye in the 2025 playoffs and will host their first playoff game of the year in the Divisional Round on Saturday, Jan. 17 or Sunday, Jan. 18 at Empower Field at Mile High.

The Broncos, the lone team in the AFC to receive a first-round bye, will host the lowest remaining seed in the AFC playoff field in the Divisional Round. Denver’s possible opponents for its playoff opener include the Texans, Bills, Chargers and the yet-to-be-determined winner of the AFC North. If the Broncos earn a win in the Divisional Round, they would also host the AFC Championship Game.

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Denver finished the 2025 regular season with a 14-3 mark, which is tied for the most regular-season wins in franchise history. The Broncos earned the No. 1 seed over the Patriots (14-3) due to a better record in games against common opponents.

The Broncos are the No. 1 seed in the AFC for the first time since 2015, when they went on to win Super Bowl 50. Denver has earned the No. 1 seed for an AFC-best ninth time, and two of the Broncos’ three Super Bowl titles have come after earning the No. 1 seed. The Broncos advanced to the Super Bowl in six of the eight previous seasons in which Denver earned the top seed in the conference.

Broncos Head Coach Sean Payton has now led teams to the No. 1 seed on three occasions in his career, and he is one of five coaches to lead two different organizations to a No. 1 seed.

Bo Nix, meanwhile, became the fourth quarterback in franchise history to lead the organization to a No. 1 seed — joining Ring of Famers John Elway, Peyton Manning and Craig Morton.

Learn more about playoff tickets and suites by visiting DenverBroncos.com/Tickets

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Grading The Week: From Bo Nix’s dog days to Mackenzie Blackwood and Nikola Jokic, Denver sports’ 2026 off to rocky start

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Grading The Week: From Bo Nix’s dog days to Mackenzie Blackwood and Nikola Jokic, Denver sports’ 2026 off to rocky start


The Lumberyard is breaking boards already?

The Colorado Avalanche is becoming the Colorado Ambulanche. The Nuggets’ center options went from Nikola Jokic and Jonas Valanciunas to the 1-2 punch of DeRon Holmes II and Zeke Nnaji.

Hang on. Hang on. Wasn’t 2026 supposed to be “Denver’s Year?”

At least, that’s what the Grading The Week (GTW) crew told each other at the annual holiday soiree a fortnight ago, just before we sent everybody home for Christmas.

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Well after the last eight days or so, Team GTW thinks it might be wise now for the Broncos to double Bo Nix’s security. (Just don’t bring any guard dogs.)

Because if it wasn’t for bad luck, to paraphrase the late, great bluesman Albert King, Front Range sports fans wouldn’t have no luck at all.

Blackwood to the IR — D.

This past Friday, the Avs took a break from wiping the ice with the rest of the NHL to place goaltender Mackenzie Blackwood, the younger half of its “Lumberyard” pairing of netminders, on injured reserve with a lower body injury.

You want lousy timing? Blackwood’s absence piles it on with several layers of awful.

For one, the Thunder Bay native finished December on a heater — posting an 8-1-0 record, a 2.13 Goals Against Average and a save rate of 92.3%.

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For another, Colorado is in the teeth of one of the tougher road trips of the season, with visits to division leading Carolina on tap for Saturday, followed by a matinee Sunday at Florida to cap off a night game-into-day-game back-to-back, capped off by a Tuesday evening visit to Tampa Bay.

For yet another, Blackwood only faced 13 shots on New Year’s Eve, his last start, during a 6-1 Avs win over St. Louis at Ball Arena.

Scott Wedgewood (17-1-4, 2.13 GAA, .919 save percentage as of early Saturday) has been more than good enough to shoulder the load in net, granted. But you also don’t want to overload a 33-year-old goalie who’s having a career year in his eighth full season in the NHL. Wedgewood, largely a “1B” netminder since ’15-16, had already logged 24 starts this season going into the weekend. His career high for starts is 32 and his season average has been 20 per year. Depending on the severity of Blackwood’s injury, Wedgewood, at least in the short term, is going to have to ramp up the quantity to match his quality.

In isolation, it’s a lousy way to open 2026. Add in the freak knee injury Nuggets icon Jokic suffered this past Monday night in Miami and Valanciunas’ calf strain two days later in Toronto, you wonder what Denverites did to anger the sporting gods. Or if we’re getting payback for October-December being so absolutely glorious ’round these parts.

Regardless, let’s put a pin in those multiple-championship-parades-in-one-year plans — at least until Nix and the Broncos get to Santa Clara next month in one piece.

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CSU women’s hoops rolling — A.

May whatever karma that’s haunting Ball Arena spare the good folks up in FoCo. The CSU Rams’ women’s basketball team finished the December part of its ’25-26 slate with a flourish on Dec. 31, stomping Grand Canyon in Phoenix 61-47 and improving to 12-2 overall, 3-0 in Mountain West play. CSU has won 12 straight away games dating back to last season. The Rams get a two-game homestand against Fresno State (Saturday) and New Mexico (Wednesday) before returning to the road on Jan. 10 (at Boise State) and Jan. 14 (at Air Force).



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Denver Barkey scores first career goal as Flyers take down Oilers

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Denver Barkey scores first career goal as Flyers take down Oilers


January 3 – Denver Barkey’s first NHL tally highlighted a three-goal first period for the Philadelphia Flyers, who beat the host Edmonton Oilers 5-2 on Saturday.

Travis Sanheim and Bobby Brink also scored in the first, while Nick Seeler and Owen Tippett each posted a goal with an assist and Sean Couturier added two helpers for the Flyers, who finished a 3-2-0 road trip. Dan Vladar made 22 saves for Philadelphia, which allowed 13 Edmonton shots on goal in the first period, but just 11 the rest of the way.

Connor McDavid extended his point streak to 15 games with his 25th goal of the season and Evan Bouchard also scored for the Oilers, who have dropped two straight and three of four.

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Philadelphia made its mark early in the first period. Tippett passed the puck into the slot for a streaking Barkey, who beat Oilers’ Calvin Pickard (24 saves) for his milestone goal just 7:16 into the contest.

Barkey’s marker essentially set the tempo, as the visitors made it 2-0 with 9:29 left in the first when Sanheim beat Pickard from the right circle.

Philadelphia then extended its lead a little over four minutes later when an Edmonton turnover led to the puck deflecting into the net off the heel of Brink’s skate off a shot from Cam York.

Vladar, meanwhile, was solid by stopping 12 shots in the first period. However, he couldn’t prevent McDavid from scoring on a breakaway, which came off a Sanheim turnover in the neutral zone, with 3:52 remaining before the first intermission.

The Oilers made it 3-2 on the power play with 10:06 remaining in the second period. With an assist from McDavid, Bouchard unloaded a successful slap shot from the left point to give Edmonton at least one goal on the man advantage in nine of the last 10 games.

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Philadelphia found some breathing room with 10:51 remaining in regulation off Seeler’s wrister for his first goal of the season. Tippett added an empty-netter as the Flyers scored at least five goals for the third time in their last six.

McDavid, meanwhile, has 14 goals with 22 assists in the last 15 games.

–Field Level Media

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