Author: Dennis Huspeni
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Commission levies $2 million-plus fine against K.P. Kauffman oil company
Denver-based oil company K.P. Kauffman Company must pay $2.01 million in fines to the state of Colorado after its Oil and Gas Conservation Commission ruled the company engaged in a “pattern of violation” concerning spills, leaks and well site cleanups in Weld County. The commission announced the ruling late Tuesday. It’s the company’s second $1…
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200-plus students walk out of North High School calling for DPS Director Tay Anderson’s resignation
More than 200 students at North High school in Denver staged a walkout protest Monday, calling for embattled Denver Public Schools Board of Education Director Tay Anderson to resign after a district investigation didn’t substantiate Anderson committing allegations of sexual assault but found he made “unbecoming” comments to minors. The protest kicked off around 10 a.m.…
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Colorado approves $11 million to lure firms and jobs
An education technology, food-safety technology, bioscience and medical device company might be headed to, or expanding in, Colorado with the promise of more than $11 million in economic incentives to create more than 600 jobs, the state’s Economic Development Commission decided Thursday. The commission approves incentives presented by the Colorado Office of Economic Development and…
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Denver-based oil and gas company to lay off 159
Denver-based Crestone Peak Resources plans to lay off 159 workers in Denver, Weld, Douglas and Arapahoe counties, according to documents filed with the Colorado Department of Labor and Employment. The department requires companies operating in Colorado to report large layoffs. In a “warn listing” filed last week, Crestone announced the 56 eliminated positions in Denver,…
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Colorado Education Association selling 30-year home
Colorado’s largest teachers’ union the Colorado Education Association listed its 30-year home at 1500 Grant Street for sale. The association has occupied the 54,256-square foot office building across from the state capitol since 1991, when it bought it for $750,000, according to Denver Assessor records. Benchmark Commercial Real Estate has the building listed for $6.9…
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Downtown Denver’s Granite Tower sells for $203 million
Real estate investment trust company KBS sold the distinctive black 31-story office building the Granite Tower on Friday for $203.5 million, according to Securities Exchange Commission documents. The Newport Beach, California-based REIT bought the 593,527-square-foot building in 2010 for $149 million under the name KBS II Granite Tower LLC, according to Denver Assessor records. The…
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‘Extreme seller’s market’ for Denver real estate
What’s being called an “extreme seller’s market” continued in May for Denver’s residential real estate, with the average sales price continuing to smash records, a pitiful amount of inventory for a market the size of Denver’s, and days a home stays on the market dwindling, according to the Denver Metro Association of Realtors. “With competition…
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Denver Metro Chamber CEO Kelly Brough announces exit
Kelly Brough, the longtime head of the Denver Metro Chamber of Commerce, announced Wednesday she’s leaving the position after 12 years. President and CEO Brough oversaw the 3,000-member organization through the Great Recession recovery, and is in the midst of another caused by the COVID-19 pandemic that shut down huge swaths of the economy in…
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Downtown Denver Partnership brings eco-devo specialist from Houston
The Downtown Denver Partnership hired a new Senior Vice President of Economic Development Bob Pertierra from Houston. Pertierra has worked in similar positions for the Houston Metropolitan Chamber of Commerce and the Metro Atlanta Chamber of Commerce. Most recently, he and his wife Ericka ran Pertierra and Company, a startup consulting company. They exchanged consulting…
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State’s new unemployment claims flat; 1,567 take full-time jobs for chance at $1,600 bonus
Though the number of new unemployment claims in Colorado remained basically flat from the prior week, 1,567 previously unemployed Coloradans took full-time jobs this week for a chance at a $1,600 bonus from the state. This week also marks the end of weekly update reports from the Colorado Department of Labor and Employment on the…