Colorado Springs Business Journal (CO) articles from May 2005

Colorado Springs Business Journal (CO) archives from May 2005

Citadel Terrace office building in Colorado Springs sells for $11.8 million.
May 6, 2005... Byline: Stephanie Cline Griffis Blessing Inc. has sold the Citadel Terrace office building for $11.8 million to Red Rock Springs LLC. Red Rock Springs is a family investment company based in Delaware. The Citadel Terrace purchase is...

Colorado Springs' Broadmoor Hotel now offers timeshare packages.
May 6, 2005... Byline: Rob Larimer They call it a timeshare with a twist-22 high-end properties dotting some of the world's most-craved vacation spots, including Venice, Burgundy and Mexico's famed Cabo San Lucas. And let's not forget Colorado...

Many small business owners digging deep into their pockets to insure employees.
May 6, 2005... Byline: Marylou Doehrman Jay Palace's health insurance premiums account for nearly a fifth of his total business costs. Linear Electronic Manufacturing Services has 45 employees and Palace said there is no incentive to hire additional...

Wells Fargo's newly appointed southern Colorado region president has a clear mission.
May 6, 2005... Byline: Rob Larimer As part of Wells Fargo's crusade to conquer the banking world, it has appointed a new president to oversee operations in southern Colorado. Gene Sullivan took his newly-created Colorado Springs post as regional...

Single-family construction outpacing multi-family dwellings in Colorado Springs.
May 6, 2005... Byline: Stephanie Cline Building permits issued for single-family homes in Colorado Springs have outpaced those for multi-family dwellings by nearly 4-to-1 during the first quarter of 2005. From Jan. 1 through the end of March, 1,392...

Colorado Springs Real Estate Briefs: May 6, 2005.
May 6, 2005... Byline: Stephanie Cline SI International Inc. has broken ground on a two-building 123,200-square-foot office campus at the Newport Tech Center, at the northeast corner of Powers Boulevard and Aeroplaza Drive. SI International is...

Campaign draws help for plight of America's uninsured.
May 6, 2005... Byline: Marylou Doehrman The growing number of America's uninsured has prompted legislators, former presidents, health care organizations, medical societies and insurance companies to rally in support of "Cover the Uninsured Week." ...

Colorado Springs Financial Briefs: May 6, 2005.
May 6, 2005... Byline: Rob Larimer A new program aims to convince state lawmakers to support education about money and personal finance. The National Conference of State Lawmakers, a bipartisan organization that provides research to policymakers, has...

University of Colorado at Colorado Springs, shaping the future of business.
May 6, 2005... Byline: Stephanie Cline Business leaders are investing in the future work force by donating their time, talent and dollars to the students participating in the Chancellor's Leadership Class at the University of Colorado at Colorado...

Apartment complex sales in Colorado Springs total more than $40 million.
May 6, 2005... Byline: Stephanie Cline Apartment Realty Advisors has brokered the sale of two Colorado Springs apartment complexes for a combined total of more than $40 million. San Francisco-based Hamilton Zanze & Co. purchased the 250-unit Resort...

Denver-based Piney Creek Digital could drop insurance rates with electronic data exchange program.
May 6, 2005... Byline: Marylou Doehrman Piney Creek Digital has developed an electronic transmission system for sending enrollment information to insurance carriers that could save businesses billions of dollars. The system provides employers with a...

Every Bank One in Colorado will officially become a Chase bank on June 13.
May 13, 2005... Byline: Rob Larimer Every Bank One in Colorado will officially become a Chase bank on June 13. The new name is part of JP Morgan Chase & Co.'s nationwide sweep to renew Bank One's identity after the financial institutions merged...

27-year-old family restaurant in Colo. Springs loses lease, owners decide to franchise.
May 13, 2005... Byline: Rob Larimer A 27-year-old family restaurant tradition nearly came to an end when a landlord decided not to renew the lease for downtown's La Creperie. But, what looked to be a curse at first, turned into a bittersweet blessing...

Colorado Springs-based men's clothing store Rutledge's moves out; Academy Bank moves in.
May 13, 2005... Byline: Rob Larimer After selling men's clothing from the same location for 38 years, Rutledge's is moving from the corner of Pikes Peak and Tejon, and Academy Bank is planning to take its spot. Jerry Rutledge is planning to move his...

TCF Bank in Colorado Springs challenges Sunday banking tradition.
May 13, 2005... Byline: Rob Larimer TCF Bank is snatching up a portion of the banking market by keeping Sunday hours at all lobbies and locations - and competitors don't seem to care. At issue is how large that portion of the market is and whether...

Manufacturing coalition leader warns economic bubble primed to burst.
May 13, 2005... Byline: Marylou Doehrman Jim Schollaert told the Colorado Springs Manufacturing Task force last week that Americans are mortgaging their futures and that the growth in the economy can be attributed to borrowed money. Schollaert is the...

Colorado Springs downtown retailers and nonprofits look for solutions to panhandlers.
May 13, 2005... Byline: Marylou Doehrman Downtown business owners are concerned that panhandlers and others who mill around at busy intersections like Tejon and Bijou streets deter commerce. Beth Kosley, executive director of the Downtown Partnership,...

Colorado Springs Real Estate Briefs: May 13, 2005.
May 13, 2005... Byline: Stephanie Cline The Casa Linda Apartments at 3650 Airport Road has sold for $550,000. The 17-unit building was 100 percent occupied as of the sale date, April 29. Doug Carter represented both the seller, Greccio Housing, and...

Colorado Springs Medical Briefs: May 13, 2005.
May 13, 2005... Byline: Marylou Doehrman Peak Vista Community Health Centers was the only health care facility in Colorado to receive a 105 New Access Point grant from a $63 million Health and Human Services allocation for the expansion of health care...

Colorado Springs Financial Briefs: May 13, 2005.
May 13, 2005... Byline: Rob Larimer U.S. Bank has teamed up with Freddie Mac and the Community College Foundation to bring consumers a bus load of financial opportunities. The trio is sponsoring two Colorado Springs visits from the Five Star Service...

Scitor Corp. to move to Patriot Park in Colorado Springs.
May 13, 2005... Byline: Stephanie Cline Scitor Corp. is moving to Patriot Park. The company is the first to announce plans to set up shop at the 65-acre master-planned business park at the northwest corner of Powers Boulevard and Platte Avenue. Ground...

Marian House, Downtown Partnership working to resolve panhandling problem in Colo. Springs.
May 13, 2005... Byline: Marylou Doehrman Kurt Bartley and Beth Kosley agree that eradicating panhandlers is one way to resolve the concerns of a downtown business community weary of the street population. Bartley is the executive director of Catholic...

Search begins for new pres./CEO of Greater Colorado Springs Economic Development Corp.
May 13, 2005... Byline: Stephanie Cline Frank Barber said that finding a replacement for Rocky Scott as president and CEO of the Greater Colorado Springs Economic Development Corp. will not be easy. After 16 years, Scott announced last week that he...

Colo. Springs business leaders want new director of Economic Development Corp. to be a local.
May 13, 2005... Byline: Rob Larimer Some of the people who worked closely with Rocky Scott say they want his replacement to be as close to the original as possible. They also want the new head of the Greater Colorado Springs Economic Development Corp....

Consultant believes 'systems thinking' can solve negative effects of offshoring.
May 13, 2005... Byline: Marylou Doehrman Bob Powell believes the negative effects of offshoring can be mitigated by "systems thinking" - a process that places living things, organizations and societies into systems. A consultant with Continuous...

Commentary: Imbalance, unfairness and free trade.
May 13, 2005... Byline: Mike Boyd We had an interesting discussion last week in the office about trade. The focus of our discussion (OK, to be honest it was likely only a degree or two away from a take no prisoners, last person standing death match)...

Colorado Springs-based Roger's shoes to close.
May 20, 2005... Byline: Rob Larimer After 30 years, Roger's shoes will walk out of the footwear business on June 30. Word of the closing comes after an announcement last week that longtime men's clothier Jerry Rutledge purchased an interest in the...

World Arena's Ice Hall among few rinks to turn profit.
May 20, 2005... Byline: Rob Larimer World Arena's Ice Hall turns a profit - no small feat when you consider that three-quarters of ice rinks nationwide have an operating deficit. Bob Bebber, a Colorado-based national consultant for the ice arena...

Managed Business Solutions to expand operations to Colorado Springs.
May 20, 2005... Byline: Marylou Doehrman Managed Business Solutions' decision to expand operations to Colorado Springs was bolstered by two things: A slowdown in the technology sector has produced a glut of Internet technology workers - and they're...

Proposed commercial center pits developer against residents.
May 20, 2005... Byline: Rob Larimer The Cameron Butcher Co. wants to build a nearly eight-acre commercial center south of Security Service Field and west of the Springs Ranch neighborhood. Residents of the neighborhood want the land developed into a...

Colorado Springs Medical Briefs: May 20, 2005.
May 20, 2005... Byline: Marylou Doehrman National Medical Development Inc. has acquired InStar Systems of Colorado Springs. InStar Systems changed its name to InStar Systems International, and welcomed John Wellbank as the company's new chief...

Colorado Springs Financial Briefs: May 20, 2005.
May 20, 2005... Byline: Rob Larimer An increasing number of private subprime lenders is prompting the Federal Housing Administration to step up efforts to reach first-time homebuyers. The FHA will introduce a host of programs this summer aimed at...

Colorado Springs poised to benefit from military base realignments and closures.
May 20, 2005... Byline: Marylou Doehrman Andy Gipe is optimistic that the current round of military base realignments and closures will be a boon to locally owned businesses. "We do pretty well with the military, especially on the south end of the...

Colorado Springs-based Louie's Pizza benefits from move.
May 27, 2005... Byline: Stephanie Cline A few blocks have made a big difference in the bottom line at Louie's Pizza. Louie Sciarrotta and his crew packed up and moved from Platte Avenue to the corner of Boulder and Tejon streets on April Fools Day....

Colorado Springs-based Syntrak International is positioning for a global market.
May 27, 2005... Byline: Marylou Doehrman Nancy Kelly presented a Russian salesman with the results of a comprehensive survey that assesses job relativity with employee personality traits. The Russian cried. He had never been evaluated or validated...

Pikes Peak Independent Business Alliance using wooden nickels to promote locally owned businesses.
May 27, 2005... Byline: Stephanie Cline The Pikes Peak Independent Business Alliance has a message to send - and they're doing it with wooden nickels. This June, members of the alliance will start distributing wooden nickels (about the size of a...

Commentary: Community Planning and Design workshop offers insight into urban planning.
May 27, 2005... Byline: Lon Matejczyk After six long Tuesday nights, 38 of my classmates and I graduated from the Community Planning and Design (CPDW) workshop. Jim Ramsey, the past president of the Southern Colorado chapter of the American Institute of...

J.P. Morgan Chase to test new non-contact credit card technology in Colorado.
May 27, 2005... Byline: Rob Larimer Coloradoans will be among the first in the nation to make credit card purchases with a blink. J.P. Morgan Chase & Co. has selected Colorado to be one of the first markets to use new non-contact credit card...

Colorado Capital leaders narrow bank's focus.
May 27, 2005... Byline: Rob Larimer After BankWest changed its name to Colorado Capital Bank, John Davis and David Brockway latched on to a new approach to business. They became narrow-minded. "Some banks want to do all things for all people,"...

Colorado Springs Real Estate Briefs: May 27, 2005.
May 27, 2005... Byline: Stephanie Cline Members of the Pikes Peak area construction and architecture community are invited to attend an event on June 29 at the Glen Eyrie Castle. Mayor Lionel Rivera will speak at the event, which will begin with a social...

Former Walter Drake employees to join new catalog, online order business Chef's.
May 27, 2005... Byline: Rob Larimer Jon Medved is ready to put his Walter Drake days behind him and get things cookin' with Chef's. Chef's, a catalog and online order business that will sell high-end kitchen appliances and accessories, is expected to...

Colorado Springs Technology Startup Board reviving budding techie entrepreneurs.
May 27, 2005... Byline: Marylou Doehrman The Colorado Springs Technology Startup Board wants to ensure that today's entrepreneurs are posed for success and not postured under a false pretense of the latest high-tech wave. When the last wave crashed...

Commentary: The death of personal privacy?
May 27, 2005... Byline: Mike Boyd USA Today recently ran a story about the increase in the number of businesses that are firing employees who smoke, or banning employees from smoking even during their private lives away from the office. The reason...