DENVER-The retail market is showing modest improvements, but there is a lot of space under construction, putting increasing pressure on older shopping areas. According to a recent report, total retail sales are projected to hit a record $58.9 billion in the state this year, up 5.6% from the $55.8 billion in 2004.

DENVER-The retail market is showing modest improvements, but there is a lot of space under construction, putting increasing pressure on older shopping areas. According to a recent report, total retail sales are projected to hit a record $58.9 billion in the state this year, up 5.6% from the $55.8 billion in 2004.

DENVER-The Rocky Mountain area's commercial real estate market is expected to improve, according to the 2006 Colorado Business Economic Outlook report by the University of Colorado at Boulder.

DENVER-McStain selects the Boulder-based architecture firm for its $20-million infill residential project. The KGA and McStain project is the first development announced for a portion of the 30-acre site owned by Houston-based Lionstone Urban Investments One.

BROOMFIELD, CO-The once largely successful telecom company Level 3 is receiving $70 million in a refinance loan for its headquarters campus. The complex, built in 2000, is comprised of four, four-story office buildings with a total of more than 845,000 sf.

BROOMFIELD, CO-The once largely successful telecom company Level 3 is receiving $70 million in a refinance loan for its headquarters campus. The complex, built in 2000, is comprised of four, four-story office buildings with a total of more than 845,000 sf.

DENVER-OZ Architecture receives the top award from the American Institute of Architects Colorado North Chapter. The award recognizes a firm that has contributed to the profession and set an example both in design and leadership for at least 10 years.

STEAMBOAT SPRINGS, CO-A ski resort announces what it bills as the largest auction of its kind. In March, Grand Summit Resort Properties Inc, a subsidiary of American Skiing Co. of Park City, UT, will auction more than 200 fractional-share units and more than 30 traditional condominiums.