As Interest Rates Drop, Ultra-rich Investors Are Giving Up Their Cash For Risk Assets. Here's What They're Buying.

A Canadian firm that wants to build a “Nordic spa” near Roxborough State Park goes before Douglas County leaders for the first time Tuesday evening. The county commission is set to vote on whether to approve a metro district for a 35-acre site largely surrounded by Arrowhead Golf Course. The land, which features jagged red rock formations, is owned by Calgary-based Pomeroy Lodging. Metro districts are quasi-governmental bodies that have a number of legal powers and financial tools that aid in development of a property.

Buz Koelbel, who led his father’s Denver-area real estate firm for nearly 40 years before stepping down from the top job earlier this year, has died. Koelbel, 72, died Thursday from blood cancer, according to his family. Buz Koelbel (Provided by Koelbel and Co.) Koelbel’s father, Walter A. Koelbel Sr., was a Michigan native who moved to Colorado for military training in World War II, then stayed to attend the University of Colorado Boulder.

Sherman & Howard, Denver’s oldest and third-largest law firm, is merging with Taft, a law firm that started in Cincinnati and is expanding west. Stefan Stein, CEO of Sherman & Howard, said in an interview Monday that the Denver firm had been exploring strategies for growth over the past couple of years. “It’s a difficult spot to be in the market in a 125-to-a-150-lawyer, full-service law firm and be able to handle virtually anything that comes in the door,” Stein said.

Stellantis said Tavares’s five-year contract is a little over a year from its expiration date in 2026. Struggling Jeep and Ram maker Stellantis is looking for a CEO to succeed Carlos Tavares, but the company says it’s just part of a normal leadership succession plan. Tavares has been under fire from U.

The award will allow Polar Semiconductor to nearly double its output. The U. S. Commerce Department said on Tuesday it had finalized a $123 million grant for Polar Semiconductor to expand its plant in Minnesota, which would allow the company to nearly double its U. S. production capacity of power and sensor chips.

The Jefferson County Planning Commission has recommended against the approval of a proposed chairlift-access mountain bike park in Conifer — taking a unanimous vote that could be a bad sign for the first-of-its-kind attraction in Colorado. Jeffco’s county commissioners will have final say over the future of the 250-acre Shadow Mountain Bike Park and a special use permit the project is seeking.