Where We Are A discussion of the current state of development, design and construction industry conditions came from an unlikely recent event: a party. The ValleyCrest Cos. hosted a Stimulus Party in March. The guest list included Denver Mayor John Hickenlooper and members of the design, construction, development and educational communities. What we learned: • Real Estate. Significant money is sitting on the sidelines while the “pricing gap” between sellers and buyers remains significant. Investors are frustrated by the lack of deals on the market, and some investors who raised capital over the past 24 months are at risk of