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Denver Business News - Local Denver News | Denver Business Journal

  1. Pipeline deal brings Denver's south suburbs closer to new water supply
    Denver Water and other water utilities in the city's southern suburbs have reached a critical agreement over a pipeline that will carry renewable surface water to the growing communities, reducing their reliance on shrinking groundwater sources. The agreement is the purchase of a 10-year-old, 20-mile pipeline, called the Western Waterline, which runs from a point near Smoky Hill Road and E-470 east and south to a point near University Boulevard, which is near a major Denver Water pipeline. The…
  2. BioFuel Energy morphs into real estate business
    A Colorado ethanol producer has transformed itself into a Texas real estate development and homebuilding business. Denver-based BioFuel Energy Corp. has completed its previously announced $275 million cash-and-stock deal to acquire the equity assets of Dallas-based JBGL Builder Finance LLC and certain subsidiaries of JBGL Capital LP. Those assets were acquired from billionaire hedge-fund manager David Einhorn's Greenlight Capital and JBGL co-founder James Brickman in a deal partially financed by…
  3. Vectra Bank opens new branch in Centennial
    Vectra Bank Colorado has opened a new 9,100 square-foot branch in Centennial to better serve the "explosive growth" in the southeast metro area, the bank said. The full-service branch at 6702 S. Potomac St. features both drive-up and ATM service, night drop, wealth management, business and commercial banking and residential lending. "The southeast business corridor is expanding rapidly," said Elizabeth Stanley, manager of the Centennial branch. "The growing number of businesses and residents moving…
  4. Lockheed Martin opens Colorado commercial space HQ as it adds hundreds of jobs
    Lockheed Martin Space Systems Co. Wednesday opened the new headquarters for its commercial satellite business, heralding the addition of hundreds of local jobs by Colorado's largest private-sector aerospace employer. About 200 guests gathered at the company's 4,000-employee campus near Waterton Canyon in Jefferson County to mark the opening. Lockheed Martin Space Systems (LMSS) is moving its communications and remote sensing satellite-building operation from Newtown, Pennsylvania, a location it's…
  5. Questions raised on Colorado health insurer's business model that is reducing subsidies
    Colorado HealthOP has lost more than $19 million in the first half of 2014 and is relying on new federal cost-sharing programs to balance its books and make it sustainable. Colorado HealthOP is a nonprofit startup insurer whose decrease in 2015 premiums reduces tax credits for individuals buying from other companies in the health exchange The insurer's head officer and the Colorado insurance commissioner both say they have no concerns about Colorado HealthOP's finances and laud their effect on…