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Denver Business Journal
Many managers are posting fake jobs. One reason may surprise you.
Employers are turning to fake job listings as a means of boosting staff morale in the current unsettled hiring market, but those ghost postings could have consequences. <\p> That’s according to a recent Resume Builder survey, which found 40% of 649 hiring managers surveyed have posted a fake job listing in the past year. Three in 10 responded they have an active fake-job posting. <\p>
Texas homebuilder more than triples Colorado presence with new lease
A Texas-based residential homebuilder is expanding its Colorado presence.<\p> Landsea Homes Corp. (Nasdaq: LSEA) signed an 89-month lease at CirclePoint Corporate Center in Westminster to accommodate its growing team. <\p>
Ex-BP, Denver oil exec lands new oil and gas CEO role
David Lawler, who most recently was founding CEO of Denver-based BPX Energy and president of BP America, is the new CEO of a Houston-based affiliate of asset manager Kimmeridge Energy Management Company LLC. <\p> Lawler resigned in October from his roles at BP America Inc. and BPX Energy, both of which are divisions of London-based BP PLC (NYSE:BP). His departure came weeks after Bernard Looney resigned as CEO of BP PLC following allegations regarding his personal relationships with company colleagues.<\p>
First block of Denver's 16th Street Mall reopens
A new, reconstructed block of 16th Street Mall reopened to the public on Wednesday, welcoming back visitors to what officials called the heart of downtown Denver.<\p> After two years of construction, 16th Street between Larimer and Lawrence streets, was the first block of the downtown mall to be completed. It features new fixtures, a 15 percent increase in the tree canopy, new pavers, and also, easier access to businesses that line the pedestrian walkway. <\p>
Denver investment firm backs manufacturing automation startup
A Chicago-based robotics company has raised $27.4 million with the help of a Denver-based venture capital firm to expand its automation services for U.S. manufacturers.<\p> Formic, which designs and builds customizable robotic systems, has raised more than $52 million since January 2022 including the latest funding round led by Blackhorn Ventures, a Denver investment firm focused on the industrial sector. <\p>
Visa, Mastercard 'swipe' fee settlement dealt a big blow
A nearly $30 billion settlement involving U.S. retailers and credit card giants Visa Inc. and Mastercard Inc. has been dealt a blow after a judge said it was unlikely she would approve the deal.<\p> During a June 13 hearing on preliminary approval of the proposed settlement involving “swipe” fees, U.S. District Judge for the Eastern District of New York Margo Brodie said she was unlikely to sign off on the deal. Brodie issued a written order on the case on June 25, and while the order itself was sealed, the accompanying memorandum on the court docket stated that the "court finds that it is not likely to grant final approval to the Settlement and accordingly denies Plaintiffs' motion for preliminary settlement approval."<\p>
‘Lock-in effect’ restricts homeowners despite inventory improvements
A U.S. housing market that continues to see home-price appreciation, paired with higher-for-longer mortgage rates, may prolong the lock-in effect that's stymied inventory the past couple of years.<\p> Many housing economists predicted 2024 would see more relief for homebuyers by way of greater inventory and households more willing to sell their homes after being tethered to record-low mortgage rates obtained during the Covid-19 pandemic.<\p>
Four Denver restaurants honored by Wine Spectator
Denver restaurants on Monday won recognition for the quality of their wine selections, appearing in the 2024 Restaurant Awards from the publication Wine Spectator. <\p> Four local winners were chosen to be among the 3,700-plus restaurants highlighted based on demonstrated excellence in their wine programs — their service, the extent of their wine lists, and their wine cellars, a Wine Spectator press release said.<\p>
Denver developer building $185M data center campus
A Denver-based developer of "hyperscale" data center campuses plans to add to central Ohio's cloud computing boom after recently raising $9.2 billion for global expansion.<\p> Vantage Data Centers, headquartered in Cherry Creek, plans a $185 million project at a new tech- and logistics-focused Silicon Heartland Innovation Park in New Albany, Ohio, according to One Columbus and the Ohio Department of Development. <\p>
Denver-area ski company to expand with help of snowboarder Shaun White
Snobahn, an Denver-area indoor training facility for action sports, has entered a partnership to expand the company to new markets with help from a big name in the professional sports world.<\p> On Monday, Unrivaled Sports announced it made a "strategic investment" in Snobahn, which currently has two locations in Colorado. Unrivaled Sports also announced an investment by Ares Management, which will enhance a team that includes five-time Olympian snowboarder Shaun White, who is a partner in the company’s "action sports" division.<\p>
Denver startup generates professional headshots
Jeremy Gustine is a 39-year-old software engineer — and until very recently, he's never had a professional headshot.<\p> Many people early in their career find themselves in a similar situation, especially given the price of hiring a photographer. That's why Gustine founded PhotoPacks.AI, a Denver-based digital service that allows users to submit 10 photos of themselves and receive a headshot developed by artificial intelligence for $9.99.<\p>
These jobs soared during the pandemic and are here to stay
Part-time job listings soared during the Covid-19 pandemic and have yet to recede — a potential sign that both workers and employers see benefits in the arrangements. <\p> Beginning in early 2022, the share of part-time jobs posted on job-search engine Indeed grew 10% before leveling off in 2023. <\p>
NAR settlement means 'summer of uncertainty' for real estate agents
Teresa King Kinney is no stranger to abrupt change in the real estate industry — and the National Association of Realtors' recent settlement is no exception.<\p> She’s been the CEO of the Miami Association of Realtors and its 60,000-plus agents since 1993. In that time, she's navigated several recessions, the Global Financial Crisis and the turbulent, unpredictable Covid-19 pandemic.<\p>
Denver company's nonalcoholic drinks to be sold at major music venues
Music lovers will soon have new beverage options at Fiddler's Green Amphitheatre, Mission Ballroom and The Ogden Theatre.<\p> Denver-based Grüvi signed a deal with AEG Venues, the company behind Coachella Valley Music & Arts Festival, to offer its nonalcoholic beer and wine at local venues.<\p>
Colorado company lands $977M for U.S. military satellite work
Lockheed Martin Space has won a contract change worth up to $977.6 million to fund work for the U.S. military developing advanced missile-launch detection satellites.<\p> The Jefferson County-based company has been designing and building three space vehicles for the Next-Generation Overhead Persistent Infrared Geosynchronous System under a contract originally written by the U.S. Air Force and worth as much as $8.2 billion.<\p>
Colorado's higher education enrollment is stabilizing
Higher education enrollment has stabilized following enrollment declines due to the COVID-19 pandemic according to the 2024 Legislative Council Staff forecast for the state public institutions of higher education.<\p> Public higher education institutions in Colorado have been struggling with declining enrollment for years. The pandemic and an inability to increase resident enrollment exacerbated these issues, but steadily increasing out-of-state enrollment expected to help reverse the negative trend.<\p>
University lands $20M to launch national quantum design facility
A national quantum technology facility will soon be built in Colorado.<\p> The University of Colorado Boulder, the state's largest college, received a $20 million grant from the U.S. National Science Foundation to open what it is calling the “quantum machine shop of the 21st century.” <\p>
Here's how July 4th travel looks for DIA's biggest airline
United Airlines expects the July 4th holiday travel period will be its busiest ever, with more than 5 million passengers booking flights with the dominant carrier at Denver International Airport — up more than 7% from last year.<\p> United Airlines Holdings (Nasdaq: UAL), which considers July 4th travel as occurring between June 28 to July 8, says it has seen strong demand by travelers this year. Memorial Day travel was up 5% from a year ago, the carrier said. United says it expects summer travel overall to rise 5% above 2023.<\p>
Major Denver employer seeks to develop workforce housing in downtown
One of the largest kidney care service providers in the U.S. is entering the housing market in Denver. <\p> Denver-based DaVita Inc. (Nasdaq: DAV) partnered with local real estate developers Goshen Development and Continuum Partners to develop workforce housing in northern downtown at 2000 Welton St. <\p>
The Playbook: The disconnect on vacation is getting better
Editor's Note: Welcome to The Playbook Edition, a look at stories, trends and changes that could affect your business and career. Want more stories like this in your inbox? Sign up for The Playbook newsletter. <\p> While many organizations have embraced hybrid work, there’s a chance it may not be the best option for certain groups of workers. <\p>
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