Monday, December 11, 2006

Denver Jobs and Real Estate Gets Boost from Boeing-Lockheed

The Metro Denver area is already moving in the direction of lower unemployment rates (Denver 4.2% and Boulder 3.6%). Now Boeing and Lockheed issued a press release stating they are forming a joint venture called United Launch Alliance (ULA) that will be headquartered in the southwest area of the city. The Denver Post reported that it “is expected to bring up to 700 high-paying jobs to the south metro area…” The headquarters will be located initially in Jefferson County in their Waterton Canyon facility. Our prediction is that prices at the mid-to-upper end should experience some firming for that part of the metro area.