BizWest http://bizwest.com Business news, data and economic statistics for the Boulder Valley and Northern Colorado Thu, 22 Jun 2017 20:46:11 +0000 en-US hourly 1 https://wordpress.org/?v=4.7.5 Developer pays $7.5M for site of mixed-use project in northeast Boulder http://bizwest.com/2017/06/22/developer-pays-7-5m-site-mixed-use-project-northeast-boulder/ http://bizwest.com/2017/06/22/developer-pays-7-5m-site-mixed-use-project-northeast-boulder/#respond Thu, 22 Jun 2017 20:38:01 +0000 http://bizwest.com/?p=221146 BOULDER — Trammell Crow Residential has closed on the purchase of 20 acres of land in northeast Boulder, where the Dallas-based company will build Diagonal Crossing, a mixed-use development of 357 apartments, offices for nonprofits, a restaurant and a green space. Diagonal Crossing Apartments LLC, an entity registered to Trammell Crow Residential in Dallas, paid $7.5 million to Birch Mountain LLC for the triangle-shaped parcel of vacant land, according to public records. Nonprofits Meals on Wheels and Studio Arts are expected to occupy offices in the complex. The site, commonly called McKenzie Junction, is between the Diagonal Highway, Independence Road and Foothills Parkway. It has proved to be a challenge to developers. The site has been looked at by several developers during the past decade, having drawn interest from a big-box retailer, home developer and a private business interested in building a sports complex. Its close proximity to high-volume traffic presents challenges to access because of the highways. It also is near the Boulder Municipal Airport. The city of Boulder’s Planning Commission approved this project April 20, and since the Boulder City Council chose not to call the project up review, it has the green light.              

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diagonalaps.june22 http://bizwest.com/2017/06/22/developer-pays-7-5m-site-mixed-use-project-northeast-boulder/diagonalaps-june22/ http://bizwest.com/2017/06/22/developer-pays-7-5m-site-mixed-use-project-northeast-boulder/diagonalaps-june22/#respond Thu, 22 Jun 2017 20:35:04 +0000 http://bizwest.com/wp-content/uploads/2017/06/diagonalaps.june22.jpg A rendering shows the Diagonal Crossing Apartments that Trammell Crow Residential wants to develop in Boulder. Courtesy Coburn Architecture.

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Zayo executive resigns to return to Level 3 after one month in role http://bizwest.com/2017/06/22/zayo-executive-resigns-return-level-3-one-month-role/ http://bizwest.com/2017/06/22/zayo-executive-resigns-return-level-3-one-month-role/#respond Thu, 22 Jun 2017 20:05:58 +0000 http://bizwest.com/?p=221145 Two Front Range telecommunications companies are going through personnel changes, as the sales officer of one company leaves to return to the other. Zayo Group Holdings Inc. (NYSE: ZAYO) announced that Edward Morche, president of sales, was resigning after just one month in the position to rejoin Level 3 Communications (NYSE: LVLT). Morche cited his reasons for leaving are for an enhanced compensation package and increased responsibility at the new role, according to a statement from Zayo. Morche will now serve as president of strategic enterprise for federal and state government at Level 3 and continue in the role as it merges with CenturyLink (NYSE: CTL). Morche will serve under the combined entity’s chief operations officer, Jeff Storey, who is currently CEO of Level 3. Morche’s division is one of five in the organizational structure under operations. The others include global accounts management (which will be headed by Level 3 exec Laurinda Pang); small and midsize business, local government and education; wholesale and indirect; and consumer. Zayo, which was founded by two former Level 3 executives, has sad that Morche’s contribution during his short tenure was helpful and provided valuable feedback to executives. Zayo’s net bookings for the first quarter of 2017 were $6.9 million, a strong recovery from the last quarter of 2016. The company added that Max Clauson, who had been leading Zayo’s sales before Morche was hired, will continue to have overall responsibility for sales and lead the team. Level 3 expects its acquisition by CenturyLink to be completed by the end of the third quarter this year.  

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alpinebank.march9 http://bizwest.com/alpinebank-march9-3/ http://bizwest.com/alpinebank-march9-3/#respond Thu, 22 Jun 2017 19:02:49 +0000 http://bizwest.com/wp-content/uploads/2017/06/alpinebank.march9_.jpg A rendering shows the exterior of the building that Glenwood Springs-based Alpine Bank plans to build at the northwest corner of Folsom Street and Canyon Boulevard in Boulder.

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Greeley-based cannabis hardware startup raises $1.4 million http://bizwest.com/2017/06/22/greeley-based-cannabis-hardware-startup-raises-1-4-million/ http://bizwest.com/2017/06/22/greeley-based-cannabis-hardware-startup-raises-1-4-million/#respond Thu, 22 Jun 2017 17:45:17 +0000 http://bizwest.com/?p=221150 GREELEY — Corsica Innovations Inc., the company that makes a smartphone-controlled mini fridge designed for growing hydroponic cannabis and other herbs and plants, has raised nearly $1.4 million. The Greeley-based company, whose product is called Leaf, is seeking $4 million, according to a Form D filed with the U.S. Securities and Exchange Commission on June 20. To raise the capital, the company is offering equity. Corsica Innovations did not respond to a request for more information. Leaf was part of the first CanopyBoulder accelerator class, going through the program in Spring 2015.

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Fort Collins-based Afirm opens office in Montreal http://bizwest.com/2017/06/22/fort-collins-based-afirm-opens-office-montreal/ http://bizwest.com/2017/06/22/fort-collins-based-afirm-opens-office-montreal/#respond Thu, 22 Jun 2017 13:36:57 +0000 http://bizwest.com/?p=221141 FORT COLLINS – Afirm, an H.W. Kaufman Financial Group company that is based in Fort Collins, on Wednesday announced it is opening an office in Montreal, Quebec. Afirm was formed earlier this year when the financial group merged its US-Reports, Canadian Reports and Technical Risk Services. The company provides loss-control inspections, premium audits and risk-mitigation services. Afirm’s new office will be led by Serge Vienneau and Brigitte Masson. Vienneau has 30 years of experience and will serve as the regional vice president, Eastern Canada. Masson has 25 years of experience and will serve as the director of quality control in Canada. “The decision to bring Serge and Brigitte on board to be leaders in our Quebec office will propel our company forward,” said Jon Kovach, president of Afirm. “We have been consistently expanding, growing and hiring at Afirm, and our entrance into Quebec is a large step in a long-term goal to have a physical presence in every province in Canada.”    

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Denver passes 30 million visitor mark for first time http://bizwest.com/2017/06/22/denver-passes-30-million-visitor-mark-first-time/ http://bizwest.com/2017/06/22/denver-passes-30-million-visitor-mark-first-time/#respond Thu, 22 Jun 2017 13:17:12 +0000 http://bizwest.com/?p=221138 Denver played host to 31.5 million visitors in 2016, with 17.3 million spending at least one night there, once again setting new tourism records, according to a study by Longwoods International, a tourism research firm. The Denver Post reports it’s the 11th consecutive year state’s largest city has generated record tourism numbers. Since Denver voters approved a lodging tax increase in 2005 to fund increased tourism marketing, tourism has grown at nearly three times the pace of the national average, with an increase of 62 percent, compared with 22 percent nationally.

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Health-insurance premiums expected to increase in 2018 http://bizwest.com/2017/06/22/health-insurance-premiums-expected-increase-2018/ http://bizwest.com/2017/06/22/health-insurance-premiums-expected-increase-2018/#respond Thu, 22 Jun 2017 13:12:13 +0000 http://bizwest.com/?p=221137 DENVER – Colorado Insurance Commissioner Marguerite Salazar said Wednesday that no insurers are backing out of the state’s health-care exchange for 2018, but consumers in the individual insurance market should expect to pay more. The Denver Post reports that Salazar said nine companies filed plans with the state this week to offer individual insurance plans in 2018. That includes all seven insurers currently offering plans on Connect for Health Colorado, the state’s health-insurance marketplace where all the plans sold meet Affordable Care Act requirements and are eligible for federal tax credits to help pay the premiums. .

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Auto Draft http://bizwest.com/?p=221136 http://bizwest.com/?p=221136#respond Mon, 30 Nov -0001 00:00:00 +0000 http://bizwest.com/?p=221136 The post Auto Draft appeared first on BizWest.

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Fertility company launches Series A round through equity crowdfunding http://bizwest.com/2017/06/21/fertility-firm-launches-series-round-equity-crowdfunding/ http://bizwest.com/2017/06/21/fertility-firm-launches-series-round-equity-crowdfunding/#respond Wed, 21 Jun 2017 20:39:19 +0000 http://bizwest.com/?p=221133 BOULDER — An early stage company focused on providing health and fertility data for women is seeking $3.5 million in a Series A round — and is doing so through crowdfunding. Kindara Inc. is a Boulder-based company that was started in 2011 with an app and bluetooth thermometer to help women track their fertility. Over time, Kindara has developed a following: 15,000 units shipped of its Wink thermometer, a top downloaded app and, most importantly said chief operations officer Tia Newcomer, 180,000 monthly active users. It’s that community, Newcomer said, that Kindara thought of when it was time to raise a new round of funding, on top of the $6.5 million the company has raised since its inception. “We felt that the community has invested in us at this point, why not give them the opportunity to own part of Kindara,” Newcomer told BizWest. To make that happen, Kindara partnered with SeedInvest, an online platform for venture capital, angel investing and equity crowdfunding, that helps file all the necessary paperwork with the Securities and Exchange Commission. “We did some pretty extensive research into the Reg A+ process, and SeedInvest offered the most in terms of experience in navigating the regulatory complexities, as well as having relatively broad experience in a new and complex form of fundraising,” Kindara’s chief executive Ira Hernowitz told BizWest in an email response to questions. “Additionally, they have a broad group of existing investors they have cultivated that were very attractive to Kindara … both accredited and nonaccredited. Ultimately, SeedInvest was the right choice for Kindara.” Investing will be open for the next three to four months. Newcomer said the funding will be used for three different categories. The first will be to update and expand on the Kindara app, which helps women track their menstruation, temperature, cervical fluid and other data, all with the goal to help them be more aware and empowered in their bodies when trying to become pregnant. The second use of the funds will be to expand the products and services Kindara offers in the future. In addition to the app and thermometer, Kindara is working with a genetics company to help provide DNA information surrounding health and wellness. Although it’s not meant to be diagnostic, Newcomer said the data is meant to help users have proactive conversations with their physicians about their fertility. Finally, Newcomer said that so far all of Kindara’s growth has been organic, without any money spent on marketing. Part of the funds will go to marketing, as well as hiring about three more employees to help scale the company. “For comparison, our main competitors Ovia and Glow are backed by $20 million to $40 million, a substantial amount of which is spent on marketing,” she said. “I feel very bullish based on where we stand. If we add one drop of marketing dollars, we’re going to grow significantly.” As to using equity funding, Newcomer said the goal was to bring in the people who use Kindara as […]

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