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Ribbon Cutting Opens Doors to 63-Unit Affordable Senior Housing Community in Denver

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Cushing Terrell celebrates the ribbon cutting of Archdiocesan Housing, Inc. (AHI)/Catholic Charities-funded four-story, income-restricted housing complex for seniors in Denver, Colorado.

DENVER, Oct. 24, 2024 /PRNewswire/ — Multidisciplinary design firm Cushing Terrell, Palace Construction, IMEG Corp., and Terracon Consultants have cut the ribbon for the new Catholic Charities Housing-funded, four-story All Saints senior affordable housing development. Located at the corner of Federal and Vassar streets, the All Saints Apartments bring a much-needed income-restricted housing option for aging adults in Denver.

With developable land growing scarce in the Denver metro area, All Saints represents a growing trend of partnerships between public, private, and nonprofits/faith-based groups, offering a replicable model for future affordable housing developments. All Saints will exclusively serve residents earning below 60% of Area Median Income (AMI), directly addressing growing demand among some of the city’s most vulnerable residents.

“Working toward a Denver where everyone can afford to live means not leaving anyone behind, least of all those who have long called our city home,” said Denver Mayor Mike Johnston. “We’re proud to support projects like All Saints, which ensures seniors have a space that is not only affordable but beautiful and environmentally efficient.”

“This is important work we’re all doing for the people of the city of Denver, and Cushing Terrell is honored to be part of the team making it possible,” said Laura Dougherty, Cushing Terrell Denver Office Director. “It’s exciting to see the ribbon cut on the finished All Saints project, which has been a rewarding five-year partnership, helping to realize Monsignor Peter Quang Nguyen’s vision and meet a big community need.”

Designed for efficiency, affordability, and well-being, the new community maximizes unit count while ensuring individual living spaces retain views and ample daylight. Holistic resident health is further supported through common gathering spaces, counseling rooms, bike storage, and access to public transportation. 

Learn more about the site selection and design solutions.

“The industry has been working to partner with local churches, turning unused land into community projects like affordable housing,” said Justin Raddatz, Vice President of Development for Catholic Charities Housing. ”The need for senior housing in Denver is critical, and the Archdiocese, Church of All Saints, and the City of Denver came together to make this a reality. With the help of Cushing Terrell and Palace Construction, this project shows what can be accomplished when public, private, and faith-based groups collaborate, and we hope it’s the first of many.” 

“We’re delighted to be a part of another successful endeavor with Archdiocese Housing,” said Garth Geer, President of Palace Construction. ”The project is a great success, and I could not ask for a better team dynamic. The opportunities and services facilitated by All Saints are so important, and Palace is honored to do our part to provide safe and comfortable homes for residents.”

The project team is pursuing sustainable certification through the National Green Building Standard at the bronze level, which addresses energy, water, and resource efficiency as well as operations and quality of indoor environmental factors such as access to views and daylight, operable windows, and healthy materials.

The development includes 63 studio and one-bedroom, age- and income-restricted affordable apartments and dedicated spaces for supportive and community programming. 

About Cushing Terrell

Cushing Terrell was founded in 1938 on the belief that integrating architecture, engineering, and design opens the doors for deepened relationships and enhanced creativity. This foundation continues to define the firm and its multidisciplinary team today. With 17 offices across the United States and services spanning 30 disciplines, the team works collaboratively to design systems and spaces that help people live their best lives and enjoy healthy, sustainable built environments. Learn more at cushingterrell.com.

About Catholic Charities of the Archdiocese of Denver

Catholic Charities of Denver shelters, feeds, houses, educates, counsels, and provides emergency assistance and critical services to tens of thousands of neighbors across Northern Colorado each year. As the charitable arm of the Archdiocese of Denver, Catholic Charities — in partnership with volunteers, churches, nonprofit organizations, government agencies, medical facilities, and educational institutions — provides life-changing support to Coloradans. The list of what Catholic Charities does is remarkably diverse: Samaritan House, Marisol Services, Catholic Charities Housing, Early Childhood Education, Immigration, St. Raphael Counseling, Emergency, Victim’s and Food Assistance, Kinship and Senior Services and regional work in Northern Colorado and on the Western Slope. For more than 95 years, Catholic Charities has supported neighbors and transformed lives, and we look forward to serving our community into our second century and beyond. 

About Palace Construction

Palace Construction Co, Inc. strives to be the most valued construction and restoration services partner by approaching each task with the mission of exceeding expectations and providing exceptional services to our clients, coworkers, and community. Since 1963 — and following in the footsteps of our founder’s motto to always “Do the Right Thing” — we carry on our sustaining mission and live by our tagline “Building Better Lives.” We honor our values of being professional, accountable, loyal, adaptable, consistent, and exceptional and understand that these values apply to how we interact with ourselves, our staff, our clients, our trade partners, and our community.

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SOURCE Cushing Terrell

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XLCS Partners advises Concurrent Utility Services on sale to UniTek Global Services

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NASHVILLE, Tenn., July 23, 2026 /PRNewswire/ — XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce that it served as exclusive M&A advisor to Concurrent Utility Services LLC on its acquisition by UniTek Global Services, Inc., a portfolio company of New Mountain Finance Corporation (Nasdaq: NMFC) and its affiliates, and BTG Pactual Strategic Capital.

Headquartered in Miami, Florida, Concurrent is a licensed general and electrical contractor providing infrastructure development and maintenance services to electric utilities, telecom providers, and land developers throughout the Southeast United States. The company’s capabilities span overhead and underground utility construction, professional telecom services, emergency service restoration, in-building networks, environmental services, and data center development. Backed by a safety-first culture and an experienced workforce, Concurrent has built a strong regional platform and a reputation for quality across the markets it serves.

UniTek is a leading digital infrastructure services provider supporting the expansion of fiber and data center connectivity across the U.S. and Canada. With over 600 employees and 60 locations, UniTek delivers a full suite of infrastructure services. The acquisition of Concurrent accelerates UniTek’s Power Services Division, which launched in July 2025 to broaden the company’s maintenance, repair, upgrade, and new infrastructure development services for the power sector. Concurrent’s established Southeast footprint and power capabilities directly complement UniTek’s existing broadband and data center infrastructure platform, positioning the combined company to capitalize on growing demand for resilient, modernized power infrastructure. Concurrent will continue to operate under its established brand, maintaining uninterrupted service for its customers.

“Selling Concurrent was one of the biggest decisions of my career, and Anthony, Jay, and the XLCS team guided us through every step with professionalism and genuine care for our people,” said Steve Sarno, CEO of Concurrent. “They stayed fully engaged throughout, gave us honest and thoughtful advice, kept our best interests front and center, and delivered an outcome that exceeded our expectations. I would recommend them without hesitation to any owner considering a transaction.”

XLCS acted as the exclusive M&A advisor to Concurrent, and the transaction was led by Anthony Contaldo, Partner, and Jay Cremer, Vice President. The transaction was completed on July 1, 2026.

About XLCS Partners, Inc.

XLCS Partners is a leading global investment banking firm providing M&A advisory services. Visit www.xlcspartners.com for more information.

Media Contact: 
Kendra Span 
kspan@xlcspartners.com
615-379-7783

View original content to download multimedia:https://www.prnewswire.com/news-releases/xlcs-partners-advises-concurrent-utility-services-on-sale-to-unitek-global-services-302833542.html

SOURCE XLCS Partners, Inc.

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XLCS Partners advises Concurrent Utility Services on sale to UniTek Global Services

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NASHVILLE, Tenn., July 23, 2026 /PRNewswire/ — XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce that it served as exclusive M&A advisor to Concurrent Utility Services LLC on its acquisition by UniTek Global Services, Inc., a portfolio company of New Mountain Finance Corporation (Nasdaq: NMFC) and its affiliates, and BTG Pactual Strategic Capital.

Headquartered in Miami, Florida, Concurrent is a licensed general and electrical contractor providing infrastructure development and maintenance services to electric utilities, telecom providers, and land developers throughout the Southeast United States. The company’s capabilities span overhead and underground utility construction, professional telecom services, emergency service restoration, in-building networks, environmental services, and data center development. Backed by a safety-first culture and an experienced workforce, Concurrent has built a strong regional platform and a reputation for quality across the markets it serves.

UniTek is a leading digital infrastructure services provider supporting the expansion of fiber and data center connectivity across the U.S. and Canada. With over 600 employees and 60 locations, UniTek delivers a full suite of infrastructure services. The acquisition of Concurrent accelerates UniTek’s Power Services Division, which launched in July 2025 to broaden the company’s maintenance, repair, upgrade, and new infrastructure development services for the power sector. Concurrent’s established Southeast footprint and power capabilities directly complement UniTek’s existing broadband and data center infrastructure platform, positioning the combined company to capitalize on growing demand for resilient, modernized power infrastructure. Concurrent will continue to operate under its established brand, maintaining uninterrupted service for its customers.

“Selling Concurrent was one of the biggest decisions of my career, and Anthony, Jay, and the XLCS team guided us through every step with professionalism and genuine care for our people,” said Steve Sarno, CEO of Concurrent. “They stayed fully engaged throughout, gave us honest and thoughtful advice, kept our best interests front and center, and delivered an outcome that exceeded our expectations. I would recommend them without hesitation to any owner considering a transaction.”

XLCS acted as the exclusive M&A advisor to Concurrent, and the transaction was led by Anthony Contaldo, Partner, and Jay Cremer, Vice President. The transaction was completed on July 1, 2026.

About XLCS Partners, Inc.

XLCS Partners is a leading global investment banking firm providing M&A advisory services. Visit www.xlcspartners.com for more information.

Media Contact: 
Kendra Span 
kspan@xlcspartners.com
615-379-7783

View original content to download multimedia:https://www.prnewswire.com/news-releases/xlcs-partners-advises-concurrent-utility-services-on-sale-to-unitek-global-services-302833542.html

SOURCE XLCS Partners, Inc.

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Fathom Applauds Introduction of the FRONTIER Act, the First Federal Blueprint for Independent AI Verification

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Reps. Lori Trahan (D-MA-03) and Jay Obernolte (R-CA-23) introduce a bill to build a competitive marketplace of independent verifiers for frontier AI models.

WASHINGTON, July 23, 2026 /PRNewswire/ — Fathom welcomes the introduction of the FRONTIER Act, the most complete federal framework yet for independent, third-party verification of frontier AI. The legislation is built to earn public trust as AI technology continues to accelerate. As frontier systems begin to take autonomous action in the world, the gap between what these models can do and our ability to keep them in check is widening. FRONTIER is the starting point to close that gap.

“AI governance keeps running into the same wall. The technology is hard to measure and it moves faster than any law can keep up with,” said Andrew Freedman, Co-Founder and CEO of Fathom. “Trying to write the perfect rules and freezing them in place won’t work. What will work is a competitive market of independent verifiers who are accountable for real-world outcomes and who the government can actually count on. The FRONTIER Act shows we can move fast and still get this right.”

The bill gets the fundamentals correct. It sets one public standard – the adequate mitigation of catastrophic risk – and holds both the AI companies and their independent verifiers accountable to it. FRONTIER does not freeze a single testing method into statute. Instead, it licenses competing verification organizations, allows them to sharpen their methods, and gives the government the power to revoke a license when a verifier’s work does not hold up in the field. That is how you build a system that keeps pace with the science instead of falling behind it.

Fathom thanks Reps. Trahan and Obernolte for their leadership, and for their courage in releasing a discussion draft, inviting scrutiny, and incorporating substantive improvements from across the field. One priority improvement as the bill advances: giving the government a fuller range of tools to act upstream – for pushing companies to close identified gaps in risk mitigation early, rather than only once a catastrophe is imminent. We are committed to working with these sponsors, committees of jurisdiction, and Congressional leadership to continue refining the bill in the weeks and months ahead.

About Fathom
Fathom is an independent nonprofit whose mission is to build a governance architecture that helps society navigate the transition to a world with AI by fostering trust, safety, and innovation. Fathom has developed and championed the independent verification model for AI and works with policymakers across the country to put it into practice. Learn more at http://fathom.org.

View original content to download multimedia:https://www.prnewswire.com/news-releases/fathom-applauds-introduction-of-the-frontier-act-the-first-federal-blueprint-for-independent-ai-verification-302833546.html

SOURCE Fathom AI Inc.

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