Author Archive: Mountain Capital Group

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Denver named one of 17 ‘entrepreneurial engines that power our nation’
By September 28, 2017 Read More →

Denver named one of 17 ‘entrepreneurial engines that power our nation’

By Ben Miller, Contributing Writer, Denver Business Journal. Denver’s been named one of the country’s “entrepreneurial engines that power our nation.” That’s according to the Indiana-based Lumina Foundation, which tabbed Denver as a “talent hub,” and the city will receive $350,000 in grants targeted at education efforts beyond the high-school level. To be tabbed a “talent hub,” […]

Posted in: Denver
Denver’s apartment-building frenzy nears end – slowdown predicted in 2018

Denver’s apartment-building frenzy nears end – slowdown predicted in 2018

By Erin Douglas | edouglas@denverpost.com | The Denver Post. The Denver area’s apartment building frenzy will slow next year as demand for new high-end developments wanes and financing for new projects gets tighter, say economists and industry leaders. As renters’ pocketbooks respond to rising prices and banks look to other investment projects, multifamily-unit construction will […]

Posted in: Denver
Glendale 180: City to open talks with new developer

Glendale 180: City to open talks with new developer

Mark Harden ,  News Director, Denver Business Journal. The city of Glendale will negotiate with a new developer in hopes of moving forward with stalled plans for a major entertainment complex. The Glendale City Council voted 6-0 Tuesday night to open talks with Dallas-based Lincoln Property Co. to build the proposed Glendale 180 project, said […]

Posted in: Apartment Investing
Lockheed Martin begins building $350 million satellite facility in Jeffco

Lockheed Martin begins building $350 million satellite facility in Jeffco

Greg Avery and Ben Miller, Denver Business Journal. Lockheed Martin Corp. has started construction on a new $350 million satellite manufacturing facility at its Waterton Canyon campus in Jefferson County. Lockheed Martin (NYSE: LMT) said its new 266,000-square-foot Gateway Center satellite plant will be completed in 2020. The new facility is part of the ongoing transformation and expansion of […]

Posted in: Denver
Just how many people rent in Denver rather than own?
By February 24, 2017 Read More →

Just how many people rent in Denver rather than own?

Caitlin Hendee, Digital Producer / Social Engagement Manager, Denver Business Journal.  With 38.8 percent of its residents leasing, Denver-Aurora ranks 128th our of the 400 largest cities in the U.S. for people who rent rather than own. That’s according to a new report from Madison, Wisconsin-based online rental marketplace Abodo. The company analyzed data from the U.S. […]

Posted in: Apartment Market
Now hiring: Transamerica will add 200 employees this year in downtown Denver
By February 22, 2017 Read More →

Now hiring: Transamerica will add 200 employees this year in downtown Denver

Monica Mendoza, Reporter, Denver Business Journal.  Transamerica Corp. is set to add 200 employees this year in its downtown Denver office. With the new employees in marketing, distribution, customer care and operations, the company’s workforce will be up to 700 employees in downtown. In 2015, the Baltimore-based insurance and financial giant moved its metro Denver office from […]

Posted in: Denver
Denver real estate firm sells One City Block apartments for $99.5 million

Denver real estate firm sells One City Block apartments for $99.5 million

Molly Armbrister, Reporter, Denver Business Journal. One City Block, a 302-unit apartment complex built by Denver-based RedPeak Properties in 2012, at the beginning of what turned into a significant apartment boom in metro Denver, has been acquired by Deutsche Asset Management for $99.5 million, according to Denver County public record. The complex, which encompasses four different buildings […]

Posted in: Apartment Investing
Metro Denver unemployment rate unchanged in December, one of the lowest in the country

Metro Denver unemployment rate unchanged in December, one of the lowest in the country

Metro Denver’s unadjusted unemployment rate was unchanged in December at 2.6 percent, the same as November, but down from this time last year, according to job estimates released today from the Colorado Department of Labor and Employment. The 2.6 percent rate is for a 10-county area that includes Denver, Aurora, Lakewood, Broomfield and Centennial, but […]

Posted in: Denver
Amazon to open huge fulfillment center in Aurora, employ 1,000

Amazon to open huge fulfillment center in Aurora, employ 1,000

By Staff, Denver Business Journal.  Amazon.com Inc. said today it will open a 1 million-square-foot fulfillment center in Aurora that will employ 1,000 people and help speed up the online retailer’s deliveries in the state. The new facility will be built in the Prologis Park 70 — at the intersection of Interstate 70 and E-470. It will […]

Posted in: Apartment Investing
Some relief for metro-Denver renters

Some relief for metro-Denver renters

By Molly Armbrister, Reporter, Denver Business Journal.  The average apartment rental rate in metro Denver in the fourth quarter of 2016 was $1,346 per month, a slight decrease from the previous quarter but an increase of 4 percent over the same period in 2015, according to the latest report from the Apartment Association of Metro Denver and the […]

Posted in: Denver