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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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Claimed by Christ, Free in Him: Archbishop Golka Celebrates First Juneteenth Mass in Denver

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Claimed by Christ, Free in Him: Archbishop Golka Celebrates First Juneteenth Mass in Denver


The annual archdiocesan celebration highlighted human dignity, Black Catholic faith and the healing power of Christ’s love.

Denver Archbishop James Golka celebrated Mass for the annual archdiocesan commemoration of Juneteenth at Cure d’Ars Parish in Denver. (Photo by Matt Walker/Denver Catholic)

“This is my first Juneteenth celebration as a priest or a bishop. I’m honored that this could be my first, right here,” Denver Archbishop James Golka said during the Mass commemorating Juneteenth at Curé d’Ars Parish in Denver on Sunday, June 14.

Celebrating the day the Emancipation Proclamation reached enslaved African Americans in Galveston, Texas, Juneteenth marks the end of slavery in the United States. This year’s annual archdiocesan Mass, organized by the Office of Black Catholic Ministry and bringing together parishes and groups from across Northern Colorado, also served to welcome the recently arrived archbishop, who was warmly greeted with processions by the Knights of Peter Claver and Ladies Auxiliary, liturgical participation by the Curé d’Ars youth group and choir, and additional music by the Queen of Peace African Catholic Society.

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“You have a very beautiful church here. The building is okay, also,” Archbishop Golka remarked, noting the beauty of the people of God, the Church, amid laughter and applause.

Carolyne Richardson, member of the Knights of Peter Claver Ladies Auxiliary at St. Ignatius of Loyola, was particularly touched by Golka’s quiet enthusiasm. 

“The church was overflowing with diverse ethnicities joining in this celebration. Everyone was elated to meet Archbishop Golka. He seemed to look each parishioner in the eye with genuine care and concern,” she noted. “It was sheer jubilation watching him sing the gospel songs along with the choir.” 

Recalling his time with fellow bishops at their annual spring meeting in Florida, the archbishop reflected on Pope Leo’s encyclical, Magnifica Humanitas, and its discussion on the reality of slavery.

“Although there was not always consistency in practice — slavery was long tolerated before being unequivocally condemned — there has been a continuous affirmation throughout history of the dignity of every human being created in the image of God, even if it took eighteen centuries for the full incompatibility with slavery to be explicitly recognized,” the Holy Father wrote. “This constitutes a wound in Christian memory, one for which we cannot consider ourselves detached. It is impossible not to feel deep sorrow when contemplating the immense suffering and humiliation endured by so many in stark contrast to their immeasurable dignity as persons infinitely loved by the Lord” (Magnifica Humanitas 176).

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“Finally, Pope Leo says this to you, to all of us,” the archbishop noted as he finished quoting the Holy Father’s encyclical. “‘For this, in the name of the Church, I sincerely ask for pardon.” 

(Photos by Matt Walker/Denver Catholic)

In his characteristically deeply pastoral way, Archbishop Golka offered the deep, personal love of Christ as a spiritual foundation and antidote to any and all attacks against humanity, be they in the form of slavery or the lurking dangers of artificial intelligence.

“At your Baptism, you were claimed by Jesus Christ. That’s our identity. The evil one tries to make us forget that. We forget that we are beloved children of God. We begin to think that maybe we are worthless, that there’s no reason why we’re here. That is a lie,” the archbishop emphasized. “When God created the universe, he had you in mind, to be here at this time, and this place for his purposes. And he wants to use you in everything. That means, he can use your weakness and your mistakes if you let him.”

The call to surrender more completely to the Lord of love, whose Sacred Heart burns in love for souls, resonated deeply with those in attendance.

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“The Mass was more beautiful than I could have imagined,” said Kateri Williams, director of the Office of Black Catholic Ministry. “Archbishop Golka’s homily deeply touched those in attendance, and many were moved to tears as he spoke of the Father’s unconditional love and as he reminded us that each of us has a unique purpose and calling in God’s plan.”

Osahon “Osi” Ogbeide, one of several members of the Youth Ministry at Curé d’Ars who read the Prayers of the Faithful, was also taken by the seeming contradiction in Archbishop Golka’s homily. 

“The homily focusing on being a slave and surrendering to the lord was very impactful because it reminded me that God wants the best for us. And that can only be achieved in surrendering to him,” he said.

As we continue to surrender to God and follow his plan, even when it surprises and confounds us, we participate in the Kingdom of God, the archbishop concluded.

“God’s purposes are much more immense than my plan. My plan is pretty puny,” Archbishop Golka said. “God’s purposes began with creation, and they’re going to the Second Coming of Jesus Christ and the Reign of God. We get to participate in the Reign of God coming, if you use God’s gifts for God and God’s purposes.”

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Denver Public Schools’ decline in enrollment continues to reshape district

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Denver Public Schools’ decline in enrollment continues to reshape district


Factors such as declining birth rates and families moving out of the city are contributing to declining enrollment at Denver Public Schools. In turn, it’s reshaping the district’s future.

“I think we’re in a good position, but it’s responsible for us to always be looking in the future and knowing we have to make some adjustments,” said Chuck Carpenter, the district’s CFO.

In a two-year span between this past school year and next, DPS expects a decline in enrollment of around 1,700 students.

“We haven’t really seen anything like this,” said Carpenter in response to the consistent decline.

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Because of this trend, the district is facing a $28 million structural deficit over the next five years.

“We have a balanced budget now, and we’re not predicting that we’ll have an unbalanced budget in three years,” said Carpenter. “We’re saying we need to make adjustments over the next three, four years, so that our budgets are balanced.”

DPS’s Director of Campus Planning, Andrew Huber, told CBS Colorado in an interview last month that those adjustments will likely include closing down more schools.

“Additional school closures will be necessary in the upcoming years. When exactly that would be is hard to forecast right now,” said Huber.

The district’s CFO says his biggest takeaway from a recent round of closures is to make sure to give families options for what’s next.

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“No one wants their school closed, but the second-best option isn’t going to be the same for every family,” said Carpenter.

This issue could be one Denver faces for years to come.

“We sort of say, how many kids are born here? Because in five years, those kids will be kindergartners,” Carpenter added.

The city’s birth rate peaked in 2005, meaning those babies have already graduated high school. And, according to the Colorado Department of Local Affairs, more young families move out of Denver and into surrounding counties than move into the city.

“I think school consolidation is very — I understand why people want to talk about it, but I think it’s more about, like, how do we make sure that the programs that are offered are rich programs,” said Carpenter.

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Carpenter also says the district is closely monitoring some potential cuts to federal grants for students of poverty and language learners. He says those decisions will be made by October for the start of the new fiscal year, and cuts would have a “terrible” impact.



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Broncos make decision on tryout quarterback, sign 2 players

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Broncos make decision on tryout quarterback, sign 2 players


The Denver Broncos hosted eight tryout players at mandatory minicamp this week, including quarterback Sawyer Robertson. It sounds like the team has made decisions on those tryout players, and Robertson won’t be signed (at least not right now).

Instead, the Broncos are signing offensive lineman Reid Holskey (according to ESPN’s Jeremy Fowler) and cornerback Blake Cotton (according to the Denver Post‘s Parker Gabriel). Holskey (6-6, 306 pounds) spent time on the Houston Texans’ practice squad in 2025 before joining the New York Giants in January. He was cut by New York last month. Cotton (6-2, 195 pounds) is a rookie who spent last fall at Utah, totaling 30 tackles and seven pass breakups in 13 games.

The two moves came one day after Denver wrapped up minicamp. The 91-man offseason roster was already full, so the Broncos will need to make corresponding moves to make room for Holskey and Cotton on the roster.

Social: Follow Broncos Wire on Facebook and Twitter/X! Did you know: These 25 celebrities are Broncos fans.

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