Columbus
Denver Business Journal
Denver leaders propose tax hike for affordable housing
Denver leaders on Monday proposed seeking voter approval for a sales tax increase to help address the city's growing need for more affordable housing. <\p> The proposed 0.5% increase in Denver's sales tax rate would have to be placed on the November ballot by the Denver City Council.<\p>
Denver apartment complex sells for $23.3M
Another Denver apartment recently traded hands for $23.3 million. <\p> Two LLCs associated with San Francisco-based real estate investment firm Jackson Square Properties purchased Ascent at Lowry, 425 S. Galena Way, on June 13, records show. <\p>
Florida accounting firm opens Cherry Creek office
A full-service accounting firm based in south Florida has opened an office in Denver.<\p> Gerson, Preston, Klein, Lips, Eisenberg & Gelber, P.A. opened a 2,500 square-foot office on Colorado Boulevard in Cherry Creek in mid-June, according to a news release. The company will start with four employees at the new Denver office plus four interns, a spokesperson said.<\p>
FTC noncompete ban suffers setback
The Federal Trade Commission’s broad noncompete ban suffered a legal setback after a federal judge in Texas ruled against the agency on July 3.<\p> U.S. District Judge Ada E. Brown of the Northern District of Texas, said in a ruling that the agency “lacks substantive rulemaking authority” on the matter and granted a preliminary injunction on the controversial rule that could affect employers in a broad range of industries. <\p>
The National Observer: America's most-on-time airports
Welcome to The National Observer, a roundup of top business news and actionable insights from across The Business Journals network of publications. Today, we're looking at a big change to federal rulemaking that could affect businesses, the hidden costs of owning a home, and federal grants for 12 tech hubs across the U.S. But first, you may want to pack your patience for these routes — they're the most delayed flights in the U.S.<\p> Get more stories like these every day in your inbox by subscribing to The National Observer newsletter.<\p>
Data-center debate: Booming CRE sector grapples with big questions
The proliferation of data centers across America is helping to power the nation's increasingly digital economy — but for some, it's coming at too high, or too unknown, of a cost.<\p> The data-center boom isn't new, but the rate at which these projects are being planned, proposed and built is quickly escalating. And while data centers once were concentrated in a few key markets, they're now fanning out to metro areas all over the country.<\p>
Denver-area companies evolve for the era of remote work
When Peggy Shell’s office lease in downtown Boulder was up for renewal in January 2021, she let it lapse and funneled the nearly $12,000 in savings each month straight into her employee’s pockets. <\p> Her two dozen employees at Creative Alignments, a global recruiting firm, had already been working remotely since March 2020. <\p>
Colorado’s oldest active winery for sale
After making Colorado wine for 45 years, the owners of Colorado Cellars are looking to pass on the torch. <\p> Husband-and-wife duo Rick and Padte Turley have been part of Palisade-based Colorado Cellars since its founding in 1978. It is the oldest active winery in the Centennial State and claims to be the first to produce commercial wines made with Colorado grapes. <\p>
Denver-based airline turns 30, offers $30 flights
Frontier Airlines on Friday marked three decades of doing business from its headquarters in Denver and announced a one-day sale to celebrate.<\p> True to its ultra-low cost ethos, the airline, started offering fares under $30 to 30 destinations from Denver. The anniversary sale fares are available only on July 5.<\p>
A popular job-posting strategy can backfire
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> The hiring process sparks plenty of questions for employers and candidates alike. <\p>
5 Colorado businesses that raised the most money in June
The top Colorado businesses raising venture and private equity capital in June attracted more funding than startups in the state raised in the entire first half of 2023.<\p> The five Colorado businesses that secured the most capital in June pulled in a collective $9.376 billion, with the money going toward hiring, commercialization and expansions.<\p>
Mortgage giant cutting dozens of jobs
Rounds of large job cuts keep coming this summer for a national mortgage company in Greenwood Village.<\p> Newrez LLC, at 6200 S. Quebec St., plans to eliminate 187 more positions from its payroll starting Aug. 26, according to a notice filed with the Colorado Department of Labor and Employment. <\p>
Firm buys "rare" find in Denver's Country Club
A Denver real estate firm has purchased a building it considers a rare retail gem nestled in the Country Club neighborhood of Denver.<\p> Public records show City Street Investors recently bought the Downing Street property for $3.1 million. <\p>
These are America's most-delayed flights
Airlines are expecting record-breaking traffic for the summer — and for the July Fourth holiday — but fliers on many routes would be wise to build in some extra time for their travel plans. <\p> That's according to an analysis by The Business Journals of the latest on-time data from airline analytics company Cirium Inc. The analysis looked at routes with at least 20 flights. <\p>
Denver company buys suburban apartment complex for $18.6M
A Denver-based real estate investment company has purchased a 102-unit apartment property in Longmont from its original owners for $18.575 million.<\p> Two Arrows Group, the new owners of the 109,210-square-foot property, plan to make interior upgrades to the Eastglen Apartments at 630 Lashley St. The new ownership also also plans to increase rents to market levels, it said in a release announcing the sale.<\p>
Denver company expands in $49 million hotel deal
A local developer recently purchased One Ocean Resort and Spa in Atlantic Beach, Florida, expanding a Denver-based hospitality group's footprint to the Jacksonville area.<\p> Corner Lot Development Group purchased the hotel, at 1 Ocean Blvd. in Atlantic Beach, for $48.62 million June 27 through ACS One Ocean Propco LLC, which is associated with Sage Hospitality Group. <\p>
Cherry Creek apartment building sells for $23M
A 36-unit apartment building in Cherry Creek recently sold to a buyer in San Francisco. <\p> One19 Cherry Creek, 119 S. Harrison St., sold to an LLC associated with California-based apartment building developer and owner Epp Properties LLC on June 27 for $23.05 million, records show. <\p>
Denver Business Journal
4K+
Posts
982K+
Views
The Denver region's source for local business news, breaking news alerts, newsletters, business intelligence and local business networking. An American City Business Journals publication.
It’s essential to note our commitment to transparency:
Our Terms of Use acknowledge that our services may not always be error-free, and our Community Standards emphasize our discretion in enforcing policies. As a platform hosting over 100,000 pieces of content published daily, we cannot pre-vet content, but we strive to foster a dynamic environment for free expression and robust discourse through safety guardrails of human and AI moderation.