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Colorado's biggest private company is in talks to be sold, says report

Denver Business News - Sat, 07/22/2017 - 08:01
CH2M, the largest privately-held company in Colorado, is in "advanced talks" to be sold to a Texas-based rival, according to a news report. The deal would combine two global engineering and construction giants. Douglas County-based CH2M, largely owned by employees, played a lead role in the recent expansion of the Panama Canal. Its CEO, Jacqueline Hinman, is profiled in this week's Denver Business Journal print edition. The Times of London reported the talks. It identified the would-be buyer…
Categories: Business News

Panasonic, Xcel, NREL team up for 'carbon neutrality' at development near DIA

Denver Business News - Fri, 07/21/2017 - 14:48
The Peña Station Next development near Denver International Airport already sports a solar panel-covered parking lot, a huge battery system and other smart technologies — and now it’s aiming for neutrality on carbon dioxide emissions. Several businesses — including Xcel Energy Inc., Panasonic Enterprise Solutions Co., developer LC Fulenwider Inc. and Denver International Airport — are joining with the National Renewable Energy Laboratory (NREL) to study how to turn the area into a “carbon-neutral…
Categories: Business News

NFL player hopes to score $8.5 million for Evergreen estate

Denver Business News - Fri, 07/21/2017 - 13:09
Paul Kruger, a defense end for three NFL teams, has put his 33-acre Evergreen estate on the block six months after he bought it. Kruger, who signed with the New Orleans Saints in 2016 after stints with the Baltimore Ravens and Cleveland Browns, is asking $8.5 million for the property. The estate at 6917 Timbers Drive — known as “Serenity Falls” because of a two-waterfall water feature on the property — boasts a 9,155-square-foot home with a theater and wine cellar, plus a 6,300-square-foot…
Categories: Business News

From 9News, 9 things to do in Colorado this weekend: Denver County Fair, fitness on Red Rocks and more

Denver Business News - Fri, 07/21/2017 - 12:39
Fitness, beer, trucks and brats, this weekend has it all. Here are a few ideas to help you enjoy your weekend and this beautiful state we live in — from beers and barbecue in Arvada, to the Denver County Fair, to peach sales and more. > CLICK HERE for nine things to do around Colorado this weekend.
Categories: Business News

DBJ & 9News' 9Neighborhoods: Tour Evergreen, a mountain getaway close to Denver (Photos, video)

Denver Business News - Fri, 07/21/2017 - 12:19
Along a winding, curvy mountain road that's often frequented by sports car drivers and motorcyclists (especially during the warm summer months) is Evergreen. This 11.58-square-mile unincorporated community, located about 29 miles west of Denver, calls itself a "warm respite from Denver's big-city bustle." With the mountains serving as its natural backdrop, complete with miles and miles of trails, Evergreen attracts many outdoor sports enthusiasts. > PHOTOS: Click the image to take a photo tour…
Categories: Business News

Auction to close soon on 59 government-owned acres in Lakewood

Denver Business News - Fri, 07/21/2017 - 11:19
A 59-acre parcel of land in Lakewood owned by the federal government is up for auction, with bidding set to close on Tuesday, July 25. The land — near the sprawling federal office center in Lakewood — is located along West Sixth Avenue between Kipling Street and Union Boulevard and is zoned for transit-oriented mixed-use. At one point, the land had been considered for a transit-oriented development and federal lab along RTD's W light rail line as part of a land exchange deal that would have…
Categories: Business News

Colorado’s Canyons of the Ancients Monument is no longer under review by Interior Department

Denver Business News - Fri, 07/21/2017 - 10:37
Colorado’s Canyons of the Ancients National Monument is great just the way it is, Interior Secretary Ryan Zinke announced Friday. The monument had been under review following an executive order by President Donald Trump on April 26 to review 27 federally managed national monuments. The Canyons of the Ancients in southwestern Colorado have been a national monument since 2000. It covers 178,000 acres and is managed by the federal Bureau of Land Management. People have lived and moved through the…
Categories: Business News

Englewood's biggest for-sale residential development in decades is underway

Denver Business News - Fri, 07/21/2017 - 10:33
Iron Works Village, a 136-unit residential development in Englewood, broke ground this week and will deliver its first homes early next year. The project, which includes single-family detached homes as well as townhomes and duplexes, is the largest new for-sale residential development to occur in Englewood in 50 years, according to builder BLVD Builders. Iron Works Village, at 601 Bates Ave., is being built on the site of the former General Iron foundry, which was once important to commerce in…
Categories: Business News

Crane Watch: Spotlight on completed projects

Denver Business News - Fri, 07/21/2017 - 09:39
It's been one year since we launched our map of developments in metro Denver to so readers had a quick-hit way to keep up with them. In the intervening months, more than one dozen major projects on the map have been completed or are very near completion, adding over one million square feet of office space and more than 2,000 apartment units to metro Denver, as well as new retail, hotel and industrial space. I've detailed the progress on 10 of these new properties in this week's cover story, Crane…
Categories: Business News

DBJ's best of the week for July 15-21: Bank's new Colorado HQ, corporate cash stashes and more

Denver Business News - Fri, 07/21/2017 - 07:14
Here's our weekly recap of our best web-only exclusives and stories of the week, available only to paid DBJ subscribers. (Not yet a subscriber? Click here to join us.) This week, we begin with Monica Mendoza's exclusive on U.S. Bank's big plans for a new Colorado campus. Then we break down the big cash stashes of Colorado companies and look at where Denver ranks for home price gains over the last 10 years. Also below, under "National News," you'll find several reports from the Financial Times,…
Categories: Business News

Colorado's unemployment rate holds at record low

Denver Business News - Fri, 07/21/2017 - 06:14
Colorado's unemployment rate held steady for another month at 2.3 percent in June -- a record low unemployment rate, the Colorado Department of Labor and Employment announced today. The state's jobless rate, which has been the lowest in the nation, remained at a four-decade low dating back to when state record keeping began in 1976. The state's employers added 6,500 nonfarm payroll jobs from May to June, with 6,100 jobs added in the private sector. Government employers added 400 jobs -- a significant…
Categories: Business News

Chevy thinks you’ll get a charge out of its new Bolt EV (Photos)

Denver Business News - Thu, 07/20/2017 - 03:00
Is there an all-electric car in your future? Chevrolet hopes so. The company is making a big push to get Coloradans into its new Bolt EV (electric vehicle) all-electric car, targeting the state before much of the rest of the country. Why Colorado? Apparently, it’s because the state responded well to Chevy’s Volt model. The hybrid Volt switches from all-electric power after going about 50 miles to gas power, for about another 400 miles. ( I tested a Chevy Volt back in 2013.) The state is ready…
Categories: Business News

Insurance-software company cuts jobs ahead of Denver HQ move

Denver Business News - Wed, 07/19/2017 - 13:17
The company, which provides software for insurance brokers and carriers, in May announced plans to move to Denver.
Categories: Business News

Denver's on the verge of landing a nonstop flight to another European city

Denver Business News - Wed, 07/19/2017 - 12:58
Denver’s run of landing new international flights may not be over just yet. Colorado Economic Development Commission members today approved the offering of as much as $500,000 in incentives to aid Denver officials in landing a nonstop flight to an unnamed European destination that they said would create an economic impact of some $12 million annually. GALLERY: Above, a look at the 24 international destinations now served from DIA. While EDC and Denver International Airport officials were careful…
Categories: Business News

Englewood apartments sold for $127 million

Denver Business News - Wed, 07/19/2017 - 12:46
J.P. Morgan Asset Management purchased Kent Place Residences, an apartment complex in Englewood, for $127.4 million. Kent Place, at 3465 S. Gaylord Court, is a 300-unit apartment complex completed in 2015 by developer Forum Real Estate Group. The project was built on 5.85 acres and is part of a mixed-use development anchored by a King Soopers store. “Kent Place is one of the most unique multifamily properties in all of Denver, with extremely large units to fit the area’s most prominent demographic,”…
Categories: Business News

Westminster to get Origin hotel, Marczyk Fine Foods

Denver Business News - Wed, 07/19/2017 - 12:26
Downtown Westminster is the latest in a string of Denver suburban areas to get a new hotel.
Categories: Business News

Colorado offers 2 companies $22M to grow jobs, $1.7M to jumpstart Outdoor Retailer show

Denver Business News - Wed, 07/19/2017 - 12:24
Colorado Economic Development Commission members offered more than $22 million Wednesday to two California-headquartered companies to locate substantial expansions in the Denver area. They also gave $1.7 million to the Outdoor Retailer Show to boost its marketing and organizational efforts as it starts its run in the state. The two companies that earned offers of job-growth incentive tax credits — tax breaks that can be taken only after those companies have hired employees and had people in place…
Categories: Business News

A look at the new fast-casual pizza joint coming to metro Denver (Photos)

Denver Business News - Wed, 07/19/2017 - 12:13
A Georgia-based fast-casual pizza restaurant chain is opening its first Colorado location July 28. Your Pie, a brick-oven pizzeria where patrons customize pizzas in a "down-the-line experience," will be located at 14342 Lincoln St. in Thornton. > PHOTOS: Click the image above to view photos of Your Pie. The location will be owned by Kevin Hansen and his wife, Michelle Hansen, both who are Thornton locals. "We have always wanted to own our own business and researched many different franchises…
Categories: Business News

View from the Top: Great Divide CEO navigates explosion in craft brewing industry

Denver Business News - Wed, 07/19/2017 - 12:02
Brian Dunn, founder and CEO of Great Divide Brewing Co., Denver’s largest craft brewery, says the company's success revolves around innovation.
Categories: Business News

ULA to launch SNC's Dream Chaser for NASA resupply flights

Denver Business News - Wed, 07/19/2017 - 11:18
Sierra Nevada Corp. Space Systems made it official — its Dream Chaser space plane will ride a United Launch Alliance rocket on its first two space station resupply missions for NASA. SNC Space Systems, based in Louisville, has been designing the Dream Chaser spacecraft to launch atop one of Centennial-based ULA’s Atlas V for years. The announcement sets Dream Chaser’s first cargo flight to the International Space Station for launch from Cape Canaveral Air Force Station, Florida, in 2020.…
Categories: Business News
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