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An estate in one Aspen family for 70 years now searches for new ownership.

The 12-acre contemporary at 700 Nell Erickson Road is on the market for $17.95 million after Paula Zurcher, 90, decided to sell.

Zurcher is the daughter of Walter and Elizabeth Paepcke, who together in 1946 contributed to the development of downtown Aspen by founding The Aspen Skiing Company and created The Aspen Institute — now an international nonprofit think tank — three years later.

The Paepcke’s business endeavors in Aspen spawned after the family found the 400-acre gem 10 minutes from downtown during a mountain hike. The land was pared down as time wore on, starting when Walter died in 1960. When Elizabeth passed in 1994, the property was subdivided by her heirs.

What remains are four developed lots nestled in 51 common acres with caretakers for the entire ranch.

“I chose the lot so that it was far removed from the road,” Zurcher said during an interview with James Tarmy of Bloomberg. “I didn’t want t..

Year after year this decade, construction cranes and work crews in metro Denver have gotten only busier. But activity may finally take a breather, according to a forecast from a leading cost estimation firm.

“Denver has been one the hottest markets across the country since 2013 and 2014,” said Dan Pomfrett, a regional director with Cumming. “We expect this (slowdown) to be more of a market catching up with itself than a recession.”

Cumming predicts that construction spending in metro Denver will drop about 8 percent this year, led by an 11.5 percent decline in residential construction activity. In dollar terms, construction spending in metro Denver will drop from a high of $20.6 billion last year to $18.95 billion this year.

Denver development map

See where residential development is happening in Denver with this interactive map that shows permits for apartments, condos and mixed-use developments, as well as other housing types, from 2016 to 2019. Where is Denver residential develo..

The Maryland Automobile Insurance Fund wrote a $7,500 check to Mayor Catherine Pugh's Healthy Holly LLC in 2012, Executive Director Mark McCurdy told the Business Journal on Tuesday.

McCurdy said MAIF made the donation at the request of then-Executive Director M. Kent Krabbe to Healthy Holly “for its outreach program with the Associated Black Charities.” MAIF also made a $5,000 donation to Associated Black Charities, but records do not say what the donation was for. Krabbe, who left MAIF in 2015,…

The top executive at one of the Dayton area's largest companies has taken a new job and will be leaving his post by the end of this month.

Matt Caldwell, current president of the Mercy Health — Springfield market, has been promoted to president of Bon Secours Mercy Health’s Greenville, South Carolina market, effective April 29. Caldwell has been in his current role since December 2016.

“His leadership and his commitment to operational excellence have paved the way for great success in Springfield…

At last week's pitch competition, entrepreneurs working in the underserved pediatric market battled for grants to go toward their proposed medical devices — a concussion-monitoring smart mouth guard, VR goggles to sooth children's fear of needles, and a neonatal incubator with synthetic amniotic fluid, to name a few.

CytoDyn Inc. (OTC: CYDY), a Vancouver, Wash., biotechnology company developing an HIV therapy, announced it has signed a manufacturing agreement with Samsung BioLogics worth $1 billion.

Samsung Biologics will manufacture CytoDyn’s drug leronlimab. The estimated revenue potential is based on $120,000 per patient per year. CytoDyn is in the process of submitting its Biologics Licensing Application to the U.S. Food and Drug Administration.

CytoDyn President and CEO Nader Pourhassan has said he expects…

A bill that designed to contain the growth of health care costs in Oregon passed its first major hurdle in the Legislature.

The Senate Committee on Health Care on Monday referred Senate Bill 889 to the Joint Committee on Ways and Means. The bill would establish a health care cost growth benchmark for increases in total health expenditures. The benchmark would be reviewed annually.

SB 889 has the support of advocates for hospitals, unions and consumers.

The benchmark program, similar to an approach…

Less than 16 months since announcing it would consolidate its North American business services unit into a new Nashville office, health-tech giant Philips has nearly met its hiring goal.

Philips has filled almost 700 of its planned 815 positions inside Philips Plaza, Philips Global Business Services North America Business Leader Maria Houchins, the company's top local executive, said today during an open house at the Dutch company’s new offices. Philips employs more than 1,000 workers total locally.

Philips…

The company is preparing to commercialize its first product this year, after filing for FDA approval in January.

The deal that brought together two of Birmingham's largest health companies was nearly a year in the making.