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Old Navy Coming to Colorado Blvd.

Old Navy sails into a new home a long Colorado Boulevard
Thomas Gounley  July 18, 2018

Old Navy plans to open a second location in Denver. The retailer has leased 15,000 square feet at 1550 S. Colorado Blvd., in a strip mall near where the road intersects with Florida Avenue.
Stuart Zall, Kyle Framson and Stacey Glenn with Zall Co. represented the landlord. Christopher Burton with Legend Partners represented Old Navy.
“The success of Cherry Creek has spilled onto Colorado Boulevard,” Zall said. “Instead of seeing a hodgepodge of mom-and-pop shops, you’re seeing big national brands.”
Zall said the space previously was occupied by K&G Fashion Superstore, which closed last summer. K&G also occupied an adjacent 10,000 square feet; that space remains
vacant.
Old Navy has one location in Denver, in the Shops at Northfield Stapleton at 8560 E. 49th Ave. The retailer also has stores in Lakewood, Centennial, Lone Tree, Aurora, Broomfield and Westminster.
“It filled a huge hole for them,” Zall said.

“They’ve been looking for a location for years.”
Burton said Old Navy hopes to open in the first quarter of 2019.
Other tenants in the retail center include restaurant Little Anita’s New Mexican Foods, Dardano’s Shoes, Cricket Wireless and a tanning salon.

Denver is ‘the most challenging’ city in U.S. for first-time homebuyers

Denver is “the most challenging” city in the country for first-time homebuyers, according to a new report.

Mortgage company LendingTree ranked Denver toughest out of 100 cities nationally for first-time homebuyers, ahead of the next toughest cities, which included New York, San Francisco, Austin and Las Vegas.

LendingTree said it used the following criteria to come up with its rankings, including average down payment amount needed; the share of buyers using an FHA mortgage; average down payment percentage; percentage of buyers who have less than prime credit (below 680); the share of homes sold that the median income family can afford (Housing Opportunity Index); and average FHA down payment as a percentage of average down payment for all loans.

“Denver is not the most challenging city in any single measure, having weak showings across the board, which could be (an) obstacle for first-time buyers. Down payments are high at $66,806, and even the FHA down payment is a considerable $22,841,” LendingTree said in its report, which ranked Little Rock, Arkansas as the best U.S. city for first-time homebuyers.

Yesterday, it was reported that Denver ranked No. 1 nationally (tied with Seattle and San Francisco) for fewest months supply of inventory at 1.1 months. And earlier this month, the Denver Metro Association of Realtors’ latest market trends report indicated January started off the year with a record-low inventory of home for sale in metro Denver — 3,869 listings.

 

 

 

A California GPS technology company said it’s planning on building a big addition to its existing Westminster facility.

Trimble Inc. said it’s planning on building a second building in Westminster that can house up to 1,100 new workers and be its largest employment facility.
A California GPS technology company said it’s planning on building a big addition to its existing Westminster facility.
Trimble Inc. (Nasdaq: TRMB), which is based in Sunnyvale, Calif., said it’s planning on building a second building in Westminster that can house up to 1,100 new workers and be its largest employment facility.
The new addition will be located next to Trimble’s current 125,000-square-foot facility at 10368 Westmoor Drive, which was completed four years ago. The new building will be “nearly the twin” of the company’s existing building, the company said.
“T he Westminster campus is at full capacity and beyond. After just four years of growth, the location has proven to be a key asset to the company due to its central location and its emphasis on collaborative workspaces,” the company said.
Company officials praised Colorado employees and the area’s quality of life.
“Colorado has proven to be a strategic element in our U.S. operations since we opened our initial Westminster office in 2000 and completed the first building project in 2013. The area attracts a desirable and growing pool of tech talent and provides an attractive quality of life to our employees,” said Steven Berglund, Trimble president and CEO, in a statement.
The general contractor on the project is JE Dunn, Denver-based OZ Architecture is the lead engineering firm, and the building’s expected to be completed in late 2018.

Ben Miller
Contributing Writer

Denver Business Jurnal

Hiring software engineers to work in Denver

Since Sept. 12, Apple the Cupertino, California-based tech giant has posted three software engineering jobs openings for a location in Denver.
The openings come after spring rumors Apple could lease significant space in downtown for a technology development office.
A job posting Monday tells prospective applicants in mapping data engineering that the position “is to join an exceptionally skilled group” working with data science, statistics, geospatial data and deep learning.
“Apple isn’t [the] only location company growing in Denver. Not surprised by this,” tweeted Brian McMahon on Tuesday. McMahon used to run Denver-based MapQuest, the Verizon-owned online mapping company that’s based in downtown.
Apple’s mapping technology hires in Denver would work two blocks from Mapquest.
Apple’s openings in Denver are the latest by some of the biggest tech employers to hire here.
Amazon Inc. held a job fair a year ago to hire people for a software engineering office it quietly opened in Broomfield. Farther west, Google started construction on a new Boulder campus with room to eventually triple the search giant’s presence there to 1,500 employees.
Redwood City, California-based Oracle has for years had its second-largest concentration of U.S. employees at its Broomfield campus, where about 2,000 people work.
Last week, GPS technology company Trimble Inc., based in Sunnyvale, California, said a new building under construction in Westminster would give it room to double its workforce there to 1,100 and make it the largest employment center the 9,000-employee company has worldwide.

By Greg Avery – Reporter, Denver Business Journal

Robotics industry growth to be gigantic in next five years

Jul 5, 2017, 7:15am MDT

Industries & Tags

Manufacturing

Growth in the global robotics market is expected to be massive in the next five years, according to Boulder market intelligence firm.

Revenue from sales of industrial and non-industrial robots is expected to rise from $31 billion in 2016 to $237.3 billion by 2022, according to Tractica research.

Most of the growth will come from the massive increase in sales of consumer robots, enterprise robots, autonomous vehicles, and unmanned aerial vehicles (drones), which will overtake traditional industrial robots, according to Tractica.

“The key underlying story emerging in the industry is that industrial robotics, which has been the traditional pillar of the robotics market, has given way to non-industrial robot categories like personal assistant robots, UAVs, and autonomous vehicles,” said Aditya Kaul,Tractica research director, in a statement.

Locally, that growth in robots is evident with last month’s announcement that Misty Robotics was spun off from Sphero, the Boulder-based maker of the smartphone-controlled BB-8 robot, and has launched with an initial backing of $11.5 million.

And Amazon.com said it will staff its new Thornton fulfillment center with a fleet of robots, as well as human workers

 

Out of top 25 US cities for tech, where does Denver rank?

Ben Miller Contributing Writer

Out of the top 25 U.S. cities for technologies, Denver ranks in the top 10.

According to a new report by real estate services firm Cushman & Wakefield, Denver ranks eighth nationally when it comes “talent, capital and growth opportunity.” The company called the ingredients a “tech stew,” involving “local universities, capital, tech workers, knowledge workers, educated workers, and entrepreneurial spirit.”

According to Cushman & Wakefield’s “Tech Cities 1.0” report, San Jose-Silicon Valley is rated No. 1, followed by San Francisco, Washington, D.C., Boston, Raleigh/Durham/Chapel Hill, North Carolina, Seattle and Austin, Texas.

While Denver is not the headquarters location for many big technology companies, we’ve continued to see larger, more established firms opening offices in Denver, including Google, Apple, and Amazon,” said Steve Billigimeier, executive managing director, Cushman & Wakefield in Denver, in a statement. He added “in addition to Colorado’s impressive list of colleges and universities, Denver continues to draw employees from across the country and finished first in Forbes’ 2015 and 2016 ‘Best Places for Business’ list.”

Last month, Colorado was ranked in the top tier of most innovative U.S. states in rankings compiled by the Consumer Technology Association.

And in October, Colorado was ranked second among U.S. states in turning technology and science capabilities into high-paying jobs.

Making Denver a friendly place for cyclists is a big issue for city leaders.

Kathleen Lavine | Denver Business Journal

At a city council meeting last March, Denver Council President Albus Brooks said that decreasing reliance on cars is “the area that most of us on City Council agree on — that this is the direction that we want to go.”

Some argue that putting so much effort into this is bad news for cars and will only increase congestion further. Others advocate for it as being a way to provide routes for all modes of transportation and promote exercise and better air quality. For now, it appears city officials are making progress on bikes. A pair of recent reports named the Mile High City among the best in the nation for being bike-friendly.

RewardExpert, an online travel service company, said Denver was the 10th most bike-friendly city for tourists.

The report ranked the U.S.’s 53 largest cities based on 13 metrics, such as biking infrastructure, city profile, bike-sharing availability and biking safety.

“Denver is historically a very bike-friendly city. It scored well across all our dimensions. The city has 267 miles of paved biking paths, which ranks third of all the cities we analyzed,” RewardExpert’s report said.

“Denver’s B-cycle has many stations and bikes in its fleet. Denver ranked fourth in regard to number of bike share stations per capita. Travelers should have no problem biking through the city.”

And late last month, WalkScore.com ranked Denver as the 4th most bike-friendly in the U.S.. Denver received a bike-score of 71, calculated by measuring bike infrastructure (lanes, trails, etc.), hills, destinations and road connectivity, and the number of bike commuters.

Denver also receives relatively high marks for its walkability, a long-time focus of state leaders. In the WalkScore report, it ranked 16th overall, and a recent Thrillist ranking put it 10th in the nation.

Adding to both Denver’s walkability and bicycle-friendliness is something Denver Parks and Recreation is tackling, too. The city will begin improvements to the Washington Park Loop Road with the of goal of making it safer for visitors.

The 2.2-mile road follows the perimeter of the park and is popular for cycling, walking, rollerblading and jogging. Modifications will include a new configuration aimed at addressing major congestion points along the loop

They include:

Lane configuration improvements comprised of a two-way pedestrian lane separated by a two-foot painted buffer from two unidirectional lanes that accommodate wheel-based recreation

Crosswalk and car traffic zone improvements with hatched buffers, flexible bollards, green dashed pavement markings, shared lane markings, pavement markings, and painted crosswalks.

Signage improvements and the addition of new lane configuration signs, speed limit signs and vehicular regulatory traffic signs. These signs will be installed in strategic areas throughout the park to ensure maximum opportunity for education and awareness of the rules and regulation along Loop Road and throughout Washington Park.

Construction on the Washington Park loop improvement project will begin June 19 and is slated for completion by the end of July.

 

Beyond spaghetti and meatballs: 11 must-visit Italian restaurants in Denver

There’s nothing quite like a plate of good old-fashioned spaghetti and meatballs, but these restaurants? They take that classic dish to the next level.

Zagat — a unit of Google parent Alphabet Inc. (Nasdaq: GOOG) — put together a list of 11 must-visit Italian restaurants in Denver, consisting mostly of spots that have just popped up in the last few years.

Spuntino. 2639 W. 32nd Ave. “All the warmth of a mom-and-pop trattoria, all the savvy of… more

From polenta-stuffed agnolotti dal plin with ‘nduja and shrimp, and pappardelle, to pizzas topped creamed leeks and fennel pollen, to bucatini all’Amatriciana, pollo alla diavola, tartufo, and much more.

Caitlin Hendee is digital producer and social engagement manager for the Denver Business Journal and covers education. Email: chendee@bizjournals.com. Phone

 

Denver-Aurora-Lakewood, Colorado Unemployment

The BLS reported that the unemployment rate for Denver fell 0.7 percentage points in March 2017 to 2.1%. For the same month, the metro unemployment rate was 0.5 percentage points lower than the Colorado rate. The unemployment rate in Denver peaked in October 2010 at 8.9% and is now 6.8 percentage points lower.

Unemployment Rate March 2017 Month/Month Year/Year
National 4.5% -0.2 -0.5
Colorado 2.6% -0.3 -0.7
Denver 2.1% -0.7 -1.2

Note: Metro level data is now seasonally adjusted.1 All comparisons are made with March 2017 data as April metro level unemployment data has not yet been released.

Unemployment Rate: Denver, Colorado, National

Denver, Colorado monthly unemployment rate chart

Denver, Colorado Unemployed

The number of people unemployed in Denver peaked in November 2010 at 127,232. There are now 93,591 fewer people unemployed in the metropolitan area.

Unemployed Persons March 2017 Month/Month Year/Year
Denver 33,641 -10,173 -16,753

Number of Unemployed Persons

Denver, Colorado Unemployment History

Date National
Unemployment Rate
Colorado
Unemployment Rate
Denver
Unemployment Rate
Denver
Unemployed
April
2017
4.4%
March
2017
4.5% 2.6% 2.1% 33,641
February
2017
4.7% 2.9% 2.8% 43,814
January
2017
4.8% 2.9% 2.8% 42,963
December
2016
4.7% 3.0% 2.7% 41,841
November
2016
4.6% 3.0% 2.8% 43,772
October
2016
4.8% 3.1% 3.0% 46,277
September
2016
4.9% 3.2% 3.1% 48,059
August
2016
4.9% 3.3% 3.2% 48,823
July
2016
4.9% 3.4% 3.2% 49,550
June
2016
4.9% 3.4% 3.2% 50,008
May
2016
4.7% 3.4% 3.3% 50,227

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