Denargo Market landlord sued by WeWork files its own suit over bond
This story first ran on BusinessDen.com, a BizWest news partner. WeWork’s jilted Denargo Market landlord is chasing the collateral. The owner of the 86,000-square-foot building at 2323 Delgany St. last week sued Westchester Fire Insurance Co., the Pennsylvania-based company that issued the surety bond when WeWork leased the property in 2019. WeWork never opened at the … Continued
WeWork closing four Denver locations to ‘rightsize’ its footprint
Editor’s note: This story first ran on BusinessDen.com, a BizWest news partner. WeWork is contracting its local presence in a big way. A spokeswoman said Tuesday that the New York-based coworking firm is closing four existing locations in Denver: The Vault, at 821 17th St.; The Hub, at 3601 Walnut St.; The Lab, at 2420 … Continued
WeWork sues landlord of never-opened RiNo location
This story first ran on BusinessDen.com, a BizWest news partner. DENVER — WeWork’s plans for a Denargo Market location have devolved into a lawsuit. The New York-based coworking firm, which has scaled back its plans for the Denver market over the past 13 months, last week sued the owner of the 86,000-square-foot building at 2323 … Continued
Office demand may never be the same after COVID-19
A day at the office may never be the same. And the same goes for the contractors who build those offices and the landlords who own them. The deadly COVID-19 pandemic prompted workplaces to shut down and employees to toil from home. However, many bosses and workers alike — nearly half of them, in some … Continued
WorkAbility eyes new Denver real estate
DENVER — WorkAbility Inc., a Denver-based co-working firm, has its sights set on three new Denver properties, according to a BusinessDen report. Despite the high-profile struggles of other co-working firms such as WeWork, WorkAbility plans to add the following Denver sites to its existing holdings: 1540 Emerson St., 1330 Logan St. and 1172 W. Virginia … Continued
WeWork’s 67,000-SF Golden Triangle lease cancelled
DENVER — WeWork has lost its pending 67,000-square-foot lease in Denver’s Golden Triangle after a tumultuous several months for the startup. BusinessDen reports Alpine Investments canned the deal to lease all the office space at 955 Bannock St. after it read the co-working company’s public offering prospectus and revealed issues with long-term revenue plans and … Continued
Urban-Gro grows loss on lower revenues
LAFAYETTE — Urban–Gro Inc., a cultivation systems integrator and agricultural-technology firm for commercial cannabis cultivators, posted slightly lower revenues in the second quarter of fiscal year 2019, leading to a higher loss than was recorded during the same period last year. Quarterly revenues were $5.64 million, compared to nearly $5.9 million in the second quarter … Continued
Cherry Creek office building sells for $55M
DENVER — A Cherry Creek office building completed in the spring has sold for $55 million. BusinessDen reports that Financial House, a 73,000-square-foot building at 205 Detroit St., was sold by Bow River Capital and BMC Investments. The buyer was Everwest Real Estate Investors. Financial House is occupied by BMC Investments and Bow River, along … Continued
Boulder Valley real estate remains strong despite rising costs
BOULDER — The foundation of the Boulder Valley real estate market remains stable in the face of headwinds such as rising construction costs and pesky regulations. “Overall, the commercial market in Boulder and Boulder County is very tight for all sectors,” Dean Callan & Co. CEO Becky Gamble said Tuesday during BizWest’s Real Estate and … Continued
Urban-gro revenues soar 63 percent
LAFAYETTE — Urban-gro Inc., a Lafayette-based cannabis company, reported revenue of $20 million for 2018, up 63 percent from $7.75 million the prior year. The company, which provides technological solutions for cannabis cultivation, attributed the increase to increased sales of cannabis technology systems. But Urban-gro also increased its net loss, to $3.9 million, or 16 … Continued
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