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The Local Market Experts

Level 3 & CenturyLink to merge

Posted on: Mar 20 17

by: admin

By Jensen Werley — March 16, 2017

BROOMFIELD — Shareholders for Level 3 Communications Inc. (NYSE: LVLT) and CenturyLink Inc. (NYSE: CTL) overwhelmingly approved all proposals related to the merger of the two companies announced in October and valued at $34 billion.

At a special meeting of CenturyLink’s shareholders today in Monroe, La., about 96 percent of the votes cast supported the decision to issue CenturyLink common stock to Level 3 shareholders.

Level 3’s stockholders also voted at a special meeting today in Broomfield, and nearly 99 percent of the votes cast were in favor of approving the merger agreement.

“The combination of CenturyLink and Level 3 will significantly improve our global network capabilities, creating a company with one of the most robust fiber networks in the world,” said Glen F. Post, III, CEO and president of CenturyLink, in a prepared statement. “This expanded network should allow us to bring substantial operational and service benefits to our enterprise customers, as well as an enhanced customer experience.”

In addition to the shareholder approval, the companies recently received approvals in Georgia and West Virginia and clearances in Connecticut, Indiana and Louisiana. Ohio, Utah and Nevada issued clearances. The two companies expect to receive the remaining state, federal and international approvals in time to complete the merger by the end of September.

The closing of the transaction will give Level 3 stockholders $26.50 per share in cash and 1.4286 shares of CenturyLink stock for each Level 3 share they own. CenturyLink shareholders will own approximately 51 percent and Level 3 shareholders will have 49 percent of the combined company. The combined company will be headquartered in Monroe with a key operational in Colorado and the Denver metro area.

At the time of the announcement, Level 3’s stock was trading at $57.03.

Denver’s Stem Ciders to open $7 Million lafayette facility

Posted on: Jan 30 17

by: admin

Stem Ciders breaks ground on Lafayette facility – BizWest

LAFAYETTE — A RiNo cidery has broken ground on a $7 million facility in #Lafayette, planning to open a restaurant, taproom and production operation.

BusinessDen reports that Stem Ciders broke ground on the two-story, 30,000-square-foot facility Jan. 20. The facility is slated to open in the fourth quarter of 2017 and is will be located in the Vista Business Park, just east of downtown Lafayette.

Stem Ciders opened in Denver’s RiNo neighborhood in 2014. That facility will remain open.

Forge Nano could move from Broomfield to Louisville

Posted on: Nov 8 16

by: admin

Source: Longmont Times-Call

Broomfield-based Forge Nano, a company that makes nano-coating technology for the manufacture of lithium-ion battery components, could soon find its home in Louisville.

The decision comes amid a $20 million Series A round of funding aimed to help the company ramp up production.

Forge Nano, formerly known as PneumatiCoat Technologies, has been operating out of 7180 17th Ave. in Broomfield.

The coatings help lengthen battery life and provide other benefits related to safety and faster charge times. The company works with large battery manufacturers —including companies such as LG, Samsung, Sony and Panasonic.

To meet customer demand, Forge Nano will immediately use its financing to relocate to a new 12,000-square-foot facility in Louisville and increase manufacturing capacity from the current 30-ton per-year pilot plant to a 300-ton per-year light commercial production plant.

In 2017, Forge Nano is set to start on a 3,000-ton peryear heavy commercial production plant capable of meeting demand volumes and price points for largescale integration into the Liion market, according to the news release, which added that the company’s development also will be accelerated in other markets including catalysts, fuel cells, and many more advanced materials opportunities.

Maryland-based Townsend Capital led Forge Nano’s new funding round.

“We are thrilled to have an investment partner with an established track record share our vision and help us accelerate our development to integrate this technology into commercial products,” Co-Founder Paul Lichty said in the release.

Along with fellow engineers Dave King and James Trevey, Lichty co-founded Forge Nano in 2013. The company’s technology was developed while the three were working on doctoral degrees at the University of Colorado.

Wiens Group to build Broomfield office building for Swisslog Corp.

Posted on: Sep 13 16

by: admin

BROOMFIELD — The Wiens Group, developer of Arista in #Broomfield, has submitted conceptual plans for a four-story, 47,000-square-foot office building on 3.2 acres in the mixed-use development.

The Wiens Group plans to construct and then lease the building to Switzerland-based Swisslog Corp., a high-tech firm that would move its 165 employees currently in Denver to Broomfield when the project is completed.

Roger Horton, vice president of manufacturing for Swisslog Healthcare Solutions in Denver, told the Broomfield City Council Tuesday night that there is potential to grow the company’s workforce to 200, pointing out that the Broomfield area has a strong high-tech workforce pool from which to draw.

Swisslog in Denver designs, manufactures and installs pneumatic tube systems for hospitals. The parent company specializes in developing software to run its automated systems for material transport, medication management and supply-chain management in health-care facilities. It also provides automated systems for use in warehouses.

The city council on Tuesday got a look at the plans during a concept review meeting that allows the applicant to receive comments and direction from the city council, public, and boards and commissions in order to identify concerns of the project. In general, the city council was in favor of the project, especially the idea of bringing new high-paying jobs to Broomfield, but concerns over parking, development of a nearby public park and the potential glare of an exterior glazing material that is being proposed came up during the meeting.

Members of the developer’s team said the concerns would be addressed before the Wiens Group submits a formal development application.

Amazon hiring tech workers for Broomfield office

Posted on: Sep 13 16

by: admin

Amazon’s recently opened distribution center in Aurora apparently isn’t the only new Colorado presence planned by the online retail giant.

The Denver Business Journal reports that Amazon has three positions posted for software development engineers in #Broomfield, though the company is remaining tight-lipped about its overall hiring plans locally. The paper notes that a recruiting event is slated for Denver on Thursday.

Parent company of Ugg, Teva opening call center in Broomfield

Posted on: Jul 8 16

by: admin

By Shay Castle
Staff Writer

The parent company of footwear brands Ugg and Teva, among others, is planning a call center in Broomfield that could employ up to 250 people during the busy holiday season.

Deckers Brands, based in Goleta, Calif., is moving a call center from Flagstaff, Ariz., to Broomfield.

Mary Oeffling, a spokesperson for the company, said negotiations are still underway for space of Broomfield commercial real estate at 11525 Main St., next door to TIAA, Ctgy and Mercer Investments.

Oeffling said Broomfield was chosen because of the area’s “great workforce and ability to flex.”

“There’s a strong candidate pool (there) with right skill set and ability to grow in the area,” she said.

The center will be open by August. Peak employment this year will reach 150, ramping up to 250 within a few years. The majority of those workers will be full time, Oeffling said.

Salaries for the workers have not been disclosed, but a recruiter for the company told BizWest last week that the pay will be competitive.

Online job listing site shows entry level call center positions averaging $11 to $15 an hour nationally, with supervisors starting around $50,000 on average.

A job fair is planned July 12 and 13 at the Aloft Hotel, 8300 Arista Place, for call center leads, call center representatives, and administrative assistants.

Deckers’ portfolio also includes brands Sanuk, Ahnu and Hoka.

Broomfield Commercial Real Estate just acquired Zonability!

Posted on: Jun 28 16

by: admin

This new zoning decoder gives us the ability to help property owners or potential buyers get a jump start on assessing the highest and best use for a specific location.

– Envision more than the obvious potential use.
– Learn if the lot is already built out to a maximum.
– Find out use, size and height potential for next door or nearby.

#Broomfield, #CRE

Broomfield tech firm Avoka raises $12M, could add 25 local jobs

Posted on: Jun 28 16

by: admin

by BizWest Staff on June 28, 2016

A financial technology firm’s recent funding round could mean 25 more jobs at the company’s Broomfield commercial property headquarters.

The Denver Post reports that Avoka has raised $12 million to expand both locally and in Sydney, Australia. Officials for the company, which improves the process of filling out online forms, told the paper that the growth could mean going from 35 employes in Broomfield to as many as 60.

Broomfield ranks as ninth fastest-growing city in the country

Posted on: Jun 1 16

by: admin

Broomfield News

Census data tracked July 2014 to July 2015

Aldo Svaldi

For the Enterprise

POSTED: 05/25/2016 02:20:58 PM MDT
Colorado’s population increased by almost 102,000 people last year, but the state added just 25,143 new homes, condos and apartments to accommodate those newcomers, according to updated estimates from the U.S. Census Bureau.

#Broomfield was chief among the cities experiencing rapid growth.

The division of those two numbers explains the multiplication of headaches for anyone trying to buy or rent a home along the northern Front Range: The average household size in Colorado is 2.5 people. That means the state should have added 40,500 housing units. Instead, it is running 15,000 homes short of where it should be, adding to a deficit that has been mounting since 2012.

“This is a perfect cocktail for a really bad housing outcome,” Washington-based housing economist Elliot Eisenberg said. “There is no solution except building more houses, but no one is going to do it.”

Between July 2, 2014 and July 1, 2015, Broomfield’s 5.2 percent population gain to 65,065 residents put it at the 9th fastest growing city overall, according to census data.

Broomfield’s “build out,” a theoretical time when all land that can be developed is developed, will encompass Broomfield’s 33.6 square miles.

Kevin Standbridge, assistant city and county manager, said they expect Broomfield residential to build out before Broomfield commercial, and that housing could take 20 to 25 years.
A few things contributed to the rapid growth, Standbridge said, including multiple family development along U.S. 36 and the employment base in the Interlocken area. Single family homes in the Anthem neighborhood also continue to sell well.

More access, and a higher level of service, to the bus rapid transit along U.S. 36 from Boulder to Denver also makes the area a more viable place to live and work.

Texas was home to five of the 11 fastest-growing cities, including Georgetown, New Braunfels, Frisco, Pearland and Pflugerville.

On a visit to Denver in December 2014, Eisenberg warned that the region needed to open the construction floodgates. But census counts released Thursday show that didn’t happen. New units have risen 1.1 percent a year the past two years. Population gains are running 1.9 percent, measured in the 12 months ending July 1, when the Census Bureau does its measuring.

In 2012, the shortfall was greater — 19,000 units. That year, population increased 72,251 people, and only 9,251 new homes and apartments were built.

But there was a big difference back then.

Colorado, like many states, was shaking off a recession that followed loose lending and overbuilding. Homes were vacant, and a super-tight market that caused home prices to skyrocket seemed unthinkable, given the sharp price declines of the recent past.

But since 2012, the state is about 55,000 homes and apartments short of what it needs based on population growth, not accounting for vacant units that got absorbed.

A long list of maladies follows when supply chronically lags demand, Eisenberg said, and metro Denver is showing all the symptoms — apartment rent hikes that outstrip income gains, a record low number of homes for sale triggering heated bidding wars, nation-leading home price gains, gentrification in once-affordable neighborhoods and widespread scraping.

Denver native Richard Lopez bought a home near Sloan’s Lake in 1990 that has surged in value in the past few years. That’s a positive, but his property taxes have nearly doubled and represent a huge financial burden that could push him out.

The property next door was scraped and replaced with a $1.25 million house that blocked the mountain views from Lopez’s second-story windows. Neighbors he knew for years are gone, replaced by out-of-state strangers driving BMW and Lexus vehicles, not Hondas and Chevys. And while there are tons of new restaurants in the neighborhood, he says he can’t afford to eat at them.

“It is alarming,” he said. “Gentrification is pushing people out who have lived here their whole lives.”

According to the data released Thursday, the city of Denver joined the list of the 20th most populous cities in the U.S., moving up two points to 19th. Colorado Springs moved up to become the 40th most populous city. Greeley hit the population 100,000 mark for the first time during that period.

Denver had the fastest growth rate among big cities in the U.S., with a 2.8 percent population gain during the 12-month period that ended July 15.

Colorado has proven especially popular with young adults. And state demographer Elizabeth Garner said household sizes are getting smaller, especially in hot spots such as Denver.

That requires that even more housing be built. But rising costs will force coping strategies, such as households doubling up and homeowners renting out basements and spare bedrooms, Eisenberg predicts.

Ad hoc housing units — like a room in a basement — don’t show up in official census counts, but they can relieve pressure in tight housing markets. They are, at best, stopgap measures.

Assuming the northern Front Range remains a popular destination to relocate, there is a risk that housing shortages will become chronic and high costs entrenched, a problem California has long struggled with.

“The best you can do is to hope to build enough houses so the situation doesn’t get worse,” Eisenberg said.
Jennifer Rios contributed to this article.

German company to move U.S. headquarters to Broomfield

Posted on: Jun 1 16

by: admin

By Jennifer Rios

Staff Writer

POSTED: 04/12/2016 09:31:27 PM MDT

German plumbing equipment manufacturer Viega, LLC is moving its U.S. headquarters, and 190 new jobs, to #Broomfield after finding 12 acres of warehouse space for sale.

The company, whose corporate headquarters are in Attendorn, Germany, will move their United States headquarters from Wichita, Kansas to Broomfield.

The company is in the process of buying about 12 acres to construct a Broomfield manufacturing building at 575 Interlocken Blvd to build a 20,000-square-foot training center and a 60,000 square foot headquarters building.
“We are glad that you’re coming here,” Mayor Randy Ahrens said. “We’re thrilled. We had the State of the City the other day and I just about announced you’re coming.”

Construction is expected to start this year with completion by the end of 2017.

Viega is a family owned company, Lars Erkelenz, a supply chain project manager for Viega said, and is involved in the community, which is a good fit with Broomfield.

“Viega is a family-owned company and they are involved in a community,” Erkelenz said, “and that is something you will like. They engage themselves.”

The firm was founded in 1899 to sell brass beer taps, and moved into plumbing in the early 1900s. Its North American operations were launched just 17 years ago with the Wichita headquarters, and then an educational facility was added in Nashua, New Hampshire 10 years ago. Manufacturing plants were built in Reno, Nevada in 2006 and McPherson, Kansas in 2008.

The company now is a global leader in press pipe fitting technology and manufacturing, selling, and distributing thousands of products for industrial, commercial and residential applications, as well as water quality solutions.

The proposed training center will result in the addition of 3 jobs, according to a Broomfield city council memo.

Council members approved an agreement that would provide Viega with a 50 percent rebate of the city and county’s Business Personal Property Tax estimated at $99,793, according to the memo, for a term not to exceed 10 years.

The company’s new headquarters will qualify for a real property tax rebate of up to $353,000 for the same length of time.

Broomfield Commercial Real Estate provides commercial real state sales & Leasing to established businesses, to start ups, to property owners and to investors in the greater Broomfield Colorado area


Broomfield Commercial Real Estate Brokerage: Summit Commercial Brokers, 325 Interlocken Parkway Building A #105, Broomfield CO 80021

Broomfield Commercial Real Estate
325 Interlocken Parkway Building A #105,
Broomfield CO 80021
Phone: 720-600-9084 Copyright 2014