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Patriots mount second-half comeback, survive 25-22 scare at Houston

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Patriots mount second-half comeback, survive 25-22 scare at Houston

Call it growing pains.

Or an ugly win.

Or even a Texas-sized disappointment.

Whatever the label, the Patriots, after two tough defeats in Foxboro, found victory on the road once again on Sunday.

The Pats survived a 25-22 scare in Houston thanks to veteran kicker Nick Folk, who made four field goals, including a game-winner with 15 seconds left. Folk’s 21-yarder clinched the first comeback of Mac Jones’ career. The Patriots had been flirting with early disaster when they trailed by 13 midway through the third quarter. Instead, Jones closed the game with four straight scoring drives and finished 23-of-30 for 231 yards, one touchdown and a pick.

“Sometimes you’ve just got to find a way to win,” Jones said post-game. “It feels better to not play as well and win, and learn at the same time than to play OK and end up losing. So, a win feels good.”

The rookie was also well protected by a patchwork offensive line down four starters around center David Andrews, the first time Pats coach Bill Belichick could remember losing so many linemen in his 47 years in the NFL. Jones took just one sack.

His favorite target was veteran tight end Hunter Henry, who tied the game with a 13-yard touchdown early in the fourth quarter. Henry led all Patriots with six catches for 75 yards. Damien Harris topped all rushers with 58 yards on 14 carries, and left with a rib injury.

The Patriots (2-3) held the ball for most of the last 7:17, before kicking away to the Texans, who ran two offensive plays and fumbled on the second play as time expired.

“It certainly wasn’t perfect, but we battled and played better situational football than we have in the other games, so that was a plus,” Belichick said. “Gotta give a lot of credit to Josh and the offensive coaches and offensive line, they did an especially good job of hanging in there.”

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The crypto capital of the world

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The crypto capital of the world

By David Segal and Ivan Nechepurenko, The New York Times Company

KYIV, Ukraine — A buccaneering 37-year-old educated in a British private school, Michael Chobanian is fluent both in English and the folkways of Ukraine, which he regards as a largely lawless frontier and which he likes to traverse in his black Ferrari 612. He is the founder of Kuna, one of Eastern Europe’s first cryptocurrency exchanges. To him, his native country is a terrific place to run a business, as long as you have the nerve to navigate a system rife with corruption.

Chief among the upsides, he explains in his office overlooking the Dnieper River, is the sort of freedom not seen in developed nations for hundreds of years.

Like, you can get away with murder.

“In this country, you can kill a person and you will not go to jail, if you have enough money and you’re connected,” he said, sipping tea on a plush leather sofa. “If you are not connected, it will cost you more.”

Brendan Hoffman, The New York Times

Michael Chobanian, founder of Kuna Exchange, a Bitcoin exchange, and a general cryptocurrency and blockchain enthusiast, in his office in Kyiv, Ukraine, on Oct. 9, 2021. I

The anything-goes ethos has dogged Ukraine for years, and now the government is hoping to bury it, with an assist from cryptocurrency. In early September, the Parliament here passed a law legalizing and regulating Bitcoin, step one in an ambitious campaign to both mainstream the nation’s thriving trade in crypto and to rebrand the entire country.

“The big idea is to become one of the top jurisdictions in the world for crypto companies,” said Alexander Bornyakov, deputy minister at the 2-year-old Ministry of Digital Transformation. “We believe this is the new economy, this is the future, and we believe this is something that is going to boost our economy.”

He has distilled the pitch into a 90-second infomercial that peddles Ukraine the same way that Apple peddles gadgets. Over a grinding techno soundtrack a montage of bakers, executives, nurses and assorted citizens are seen leading contented lives in a kind of high-tech nirvana.

“We invest in startups and create proper conditions for their growth,” a female narrator says in English. “Our goal is to build the most convenient country in the world, for people and business.”

Bornyakov has taken that message — Ukraine as the ultimate destination for entrepreneurs in search of low taxes, a minimum of paperwork and plenty of skilled engineers — on a road show, including a summer tour of Silicon Valley. The country’s president, Volodymyr Zelenskyy, met Apple’s CEO, Tim Cook, as well as students at Stanford.

Plenty of economists and policymakers are deeply suspicious of crypto, decrying it as the currency of choice for money launderers, terrorists, mobsters and ransomware extortionists. But an international Crypto’s Got Talent contest is now underway, and many countries are competing. As entrepreneurs pour into the field, some governments have made a simple calculation.

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Supply of homes for sale dried up in November across metro Denver

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Supply of homes for sale dried up in November across metro Denver

Snow wasn’t the only thing missing in metro Denver in November. Home listings dried up, with the inventory of available properties down by a third from October. The shortage is so severe that single-family home prices revisited record highs reached this summer, according to a monthly update from the Denver Metro Association of Realtors.

There were 1,444single-family homes for sale at the end of November, down 38.4% from October and 17.7% from a year earlier. The supply of condos and townhomes fell 21.6% month-over-month and 51.6% on the year to 804 listings. Normally, the inventory of homes for sale drops 11.4% between October and November, and last month’s decline was one for the record books, DMAR said.

November’s inventory was also a record low for the month, according to the report. If December sees a 25% drop in inventory from November, metro Denver could end the year with a paltry 1,686 active properties, noted Andrew Abrams, chairman of the DMAR Market Trends Committee, which compiles the monthly report.

“That is drastically lower than the end of 2020 and could lead to the most competitive year yet,” he said in comments included with the report, adding that 2021 homes sales are on track to surpass annual sales seen in any year in the past five years.

A nearly 30% drop in new listings compared to October contributed to the inventory shortages, but new listings last month were on par with November 2020. Demand remains strong, with 4,392 closings but only 3,741 new listings hitting the market. Closings were down 10.4% from October, but that appears to be more about a lack of homes to buy. Half of new listings went under contract in five days or less after hitting the market.

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Developers planning Denver apartments pay $11.7 million for Golden Triangle site

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Developers planning Denver apartments pay $11.7 million for Golden Triangle site

A pair of development firms planning a large apartment complex in the Golden Triangle have purchased the land.

Denver-based Summit Capital Venture Group and New York-based Rockefeller Group paid about $11.7 million across four separate deals this week for parcels at the southeast corner of 12th Avenue and Delaware Street, according to public records.

The parcels — 328 W. 12th Ave. and 1140, 1150 and 1158 N. Delaware St. — add up to 0.72 acres, according to property records. That makes the collective deal worth about $373 a square foot for the land. Travis Hodge and Tony Bobay of Capstone represented the seller in two of the transactions.

Summit and Rockefeller said in a statement that they plan to build a 13-story, 250-unit apartment complex with about 2,000 square feet of ground-floor retail space.

“With the current focus on the redevelopment of the Golden Triangle area, this was an ideal opportunity to launch a partnership with Rockefeller Group,” Jason Marcotte, a founding partner at Summit Capital Venture Group, said in a statement. “We are excited to further enrich the neighborhood with quality housing options and thoughtful retail activation at the street level.”

The properties are home to multiple structures, including an office building at 1140 Delaware St. used by and sold by the Junior League of Denver.

The site is home to multiple structures, including an office building used by the Junior League of Denver. (Thomas Gounley photo)

“Our plan is to find another stand-alone building that is right for our purposes,” Junior League President Caryne Mesquita told BusinessDen Thursday. “We are in the process of looking at buildings right now. As we look at the market, we’re finding there aren’t many out there. We may be doing a short-term lease to give us time. We still want a Denver address, somewhere in the Central Business District or a little bit farther south. But probably not right in the middle of downtown.”

Rockefeller and Summit’s project is expected to break ground in April and be completed in early 2024, according to the companies.

Summit has 466 multifamily units in development, and owns another 174 units between Denver and Salt Lake City that it acquired, according to the company. Rockefeller, meanwhile — whose top local executive is Jay Despard, formerly of Hines — is one of the two firms that owns the former Greyhound block in downtown Denver.

The Golden Triangle has become a hub for significant multifamily development in recent years, and changes approved by the Denver City Council this summer paved the way for taller buildings.

Major developers active in the neighborhood include Denver-based Urban Villages, Charlotte-based Lennar Multifamily Communities and Charleston, South Carolina-based Greystar.

BusinessDen reporter Eric Heinz contributed to this story.

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