Big deals big boost to real estate sales

Phil Castle, The Business Times Six transactions worth a total of nearly $21 million gave a big boost to real estate sales in Mesa County during October as the latest numbers continue to reflect improving market conditions. But even as low interest rates bolster sales, regulatory uncertainty and a lackluster labor market hamper what could […]

Bray Real Estate names new president

Lynn Thompson has been promoted to president of Bray Real Estate in Grand Junction. Thompson joined the firm as controller in 1987 and in 2000 became a principal in the company. He was named chief financial officer in 2002 and chief operating officer in 2008. “I have enjoyed working with such a strong company that […]

Colorado business index slumps to four-year low

A monthly index tracking business conditions in Colorado has slumped to its lowest level in more than four years as slowing in exports and the effects of a federal government shutdown more than offset increasing construction activity. The Business Conditions Index fell more than seven points in October and at 44.9 no longer forecasts growth […]

Grand Junction investment company merges with growing firm

Phil Castle, The Business Times A Grand Junction investment company that for more than eight years has provided proactive services based on independent research has joined a growing firm of independent advisors who do the same thing. May-Investments has merged with Avant-Garde Advisors in an arrangement expected to bring additional resources to the combined operation […]

Private group purchases mall space housing Cabela’s

Phil Castle, The Business Times A private group has purchased more than 75,000 square feet of space in the Mesa Mall in Grand Junction housing the Cabela’s outdoor sports retailer. Nursery Acres Limited Partnership purchased the space from Macerich Mesa Mall Holdings, said Larry Thiel, managing director of the Transwestern investment services group in Denver. […]

Government shutdown dampens consumer confidence

A monthly measure of consumer confidence has dropped sharply after a 16-day federal government shutdown dampened the outlook for business and labor conditions. The Consumer Confidence Index dropped nine points to 71.2 in October on less upbeat assessments of current conditions as well as short-term expectations. “Consumer confidence deteriorated considerably as the federal government shutdown […]

Sub sandwich chain plans two Grand Junction locations

Phil Castle, The Business Times A fast-growing chain of sub sandwich shops has announced plans to open two locations in Grand Junction within the next three years. The expansion is part of a five-year effort to more than double the number of Erbert & Gerbert’s shops nationwide by 2017. Unique flavor combinations differentiate Erbert & […]

Worker’s comp premiums to rise in 2014

Worker’s compensation insurance premiums continue to rise in Colorado, but at a slower pace. The Colorado Division of Insurance announced that the “loss costs” component of workers’ compensation insurance premiums will increase 2.6 percent for 2014, half the 5.2 percent hike for 2013. The 2014 increase will mark the fourth straight year of higher loss […]

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