Real estate trust buys medical plaza

A company that owns a portfolio of real estate in the health care sector has purchased the 83,000-square-foot Canyon View Medical Plaza in Grand Junction. Griffin Capital Co. and American Healthcare Investors, cosponsors of the Griffin-American Healthcare Real Estate Investment Trust, announced the $31.5 million acquisition. The building, located adjacent to Community Hospital, was leased […]

CMU joins in effort to survey Colorado citizenry

While Colorado residents are most satisfied with the government entities closest to where they live, they’re less satisfied with the state and federal government, according to the results of a survey conducted in part by Colorado Mesa University. “The survey results highlight areas of agreement and disagreement among Coloradans on policy issues. My hope is […]

Business group hails court ruling to hear fees challenge

Officials from a small business advocacy group welcome a decision by the Colorado Supreme Court to hear a challenge that business filing fees charged by the state are actually a tax subject to constitutional limits. “In plain English, we hope the Supreme Court rules that state government cannot skirt our Taxpayers Bill of Rights law,” […]

Low inventories could slow Mesa County real estate growth

Phil Castle, The Business Times The year could unfold in two halves for the Mesa County real estate market: a first half of rapid growth followed by a second half of continued growth, but at a pace slowed by low housing inventories. “My sense is we’re tapering off a bit,” said Robert Bray, chief executive […]

U.S. labor update: Jobs and jobless rate up

U.S. payrolls continue to swell with hiring across a number of industry sectors. The unemployment rate edged up as more people look for work. Nonfarm payrolls increased 213,000 and the jobless rate rose two-tenths of a point to 4 percent in June, according to the latest Labor Department estimates. The increase in payrolls extends the […]

Colorado confidence slips, but outlook positive

While Colorado business leaders are slightly less confident, the latest results of a survey tracking their expectations continue to reflect a positive outlook overall. The Leeds Business Confidence Index slipped 1.7 points for the third quarter. But at 59.6, the index reflects more positive than negative responses. “Business leaders are seeing the strength of the […]

Lighting firm relocating operation to Grand Valley

An agricultural lighting company has announced plans to relocate operations to the Grand Valley as the firm joins in efforts to evaluate the use of ultraviolet lights in hemp production. Violet Gro, a spinoff of Violet Defense Group based in Florida, will move to the Grand Valley. The company has joined with Colorado Hemp Solutions, […]

Redlands subdivision to bring 104 home lots to Mesa County market

Phil Castle, The Business Times Construction is underway on a new subdivision in the Redlands area of Grand Junction that ultimately will bring 104 home lots to a Mesa County market in which demand exceeds supply. “I’m absolutely tickled,” said Dave Bagg, who’s developing Granite Falls and also will sell and build homes in the […]