x
Breaking News
More () »

9 business stories to know July 22-July 26

Here's a weekly roundup of Denver Business Journal's top business stories served up for 9News readers.
Credit: Getty Images/iStockphoto

DENVER — From the technology spurring growth in Colorado's cannabis sector to major news on the ski slopes, DBJ has business news for most industries and interests. 

See this week's top stories below:

Technology 

Colorado cannabis companies use the latest innovations to advance the industry (DBJ subscriber content)

The Colorado cannabis industry has transformed itself over the past decade from a hodgepodge of rogue grows and mom-and-pop dispensaries to a data-driven, tech-savvy business community that's about to be better funded than ever in its short history. This is a different kind of green tech, and here’s how Colorado companies are leveraging it.

Credit: Denver Business Journal
1906's manufacturing floor in Henderson, Colorado.

2) Dish set to deploy 5G network by mid-2023 following DOJ approval (DBJ subscriber content)

Dish Network is entering the U.S. wireless market as the fourth nationwide network competitor, thanks to the Department of Justice officially giving its OK on a deal that cleared the way for T-Mobile and Sprint to merge. Dish will purchase $5 billion worth of assets from Sprint and T-Mobile.

Travel and tourism

3) Vail Resorts set to acquire operator of 17 U.S. ski areas in $264M deal

Credit: FILE PHOTO
Vail Resorts Inc.

Broomfield-based Vail Resorts Inc. announced Monday that it is acquiring Peak Resorts Inc. in a deal valued at $264 million. Through the deal, Vail Resorts adds 17 more resorts to its list of North American destinations, most near major metropolitan areas.


4) 
Frontier Airlines to add 7 routes at Florida airport

Discount airline Frontier Airlines Inc. will expand its presence at Miami International Airport (MIA) with the addition of four new routes announced Tuesday, bringing its total weekly flights to and from the major airport to 28.

Big business

5) Next recession will come in 2020, Zillow survey of economists suggests

Credit: Denver Business Journal
Zillow has been buying homes in metro Denver in hopes of disrupting the local real estate market since October.

The nation's longest-running economic expansion is expected to last until 2020, when a panel of housing experts and economists thinks the next recession will begin. Zillow's second-quarter Home Price Expectations Survey asked more than 100 real estate economists and experts about the national housing market and their expectations about the next recession.

6) GNC to close hundreds of stores, citing 'mall traffic trends'

GNC Holdings Inc. expects to close about 900 stores, CEO Kenneth Martindale said. About 28 percent of the Pittsburgh-based retailer’s existing store base is in malls, while 61% are located in strip centers.

7) WeWork could speed up its IPO to September

Office space manager WeWork Cos. could go public as early as September, ahead of when investors were expecting. The company is working with banks this week to obtain an asset-based loan that could lessen the amount of money it will need to raise with the IPO.

Real estate

Credit: Courtesy Michael Eisenstein
An aerial of Westminster Station, where a developer is planning a nearby, 27-acre mixed-used project.

8) 27-acre development planned near RTD’s Westminster Station (DBJ subscriber content)

A developer with ambitious plans across metro Denver lined up money to purchase land for a transit-oriented development play near RTD’s Westminster Station, where the B Line will eventually be able to take commuters up to Boulder and back down to Union Station.

9) See inside the 1920s Coors family Colorado mountain home listed for $5 million

Just an hour from Golden's Coors Brewing Co. is a property listed for $5 million — with a history tied to the iconic brewery and the family that founded it. Included in the listing is a 9,500-square-foot home that was built in 1925 on land that was purchased by Adolf Coors. 

SUGGESTED VIDEOS | Local stories from 9NEWS 

Before You Leave, Check This Out