Denver Business Journal articles from January 1995

Denver Business Journal archives from January 1995

Coors Field a hot draw; 30 restaurants, clubs to crowd 2-block area. (Denver, Colorado)
January 6, 1995... THE BLOCKS around Coors Field are about to be transformed into an eating-and-drinking district the likes of which Denver hasn't seen since gold-rush days. A Business Journal survey of current and planned restaurants, brewpubs and clubs shows...

Bank stocks fall in spite of profits.
January 6, 1995... DESPITE muscular profits and taut loan portfolios, Colorado banks have taken it on the chin from investors the last four months. Across the board, bank stock prices have dropped by as much as 25 percent or more since peaking last August, with...

Legislature will tackle fast growth. (Colorado) (Capitol Hill: Legislative Notes) (Column)
January 6, 1995... For policy wonks, political junkies, paid power brokers and even a few voters, the 120-day lawmaking session that starts bright and early Monday at the state Capitol is the best foot race of the year. With some money in its pocket and the...

Manufacturing jobs drop; Denver loses factory workers even as state posts increase. (Denver, Colorado)
January 6, 1995... DESPITE THE INFLUX of high-tech manufacturers to Colorado, less than 10 percent of Denver's work force is employed in manufacturing, a study by The Denver Business Journal shows. The Denver area ranks 72nd for its manufacturing market share...

IPOs plunge $272M in skittish market; rising interest rates crimp offerings. (initial public offerings in Colorado)
January 6, 1995... TABULAR DATA OMITTED THE MARKET FOR initial public offerings of stock in Colorado companies cooled in 1994, chilled by higher interest rates nationwide. Initial public offerings -- corporations' first offerings of stock to the public --...

Minorities to get city, state OK; dual certification saves time, money. (minority business enterprises; Denver; Colorado)
January 6, 1995... AFTER YEARS OF trying, the city of Denver and the state of Colorado have come up with a way to jointly certify minority and women-owned companies bidding on federal transportation projects. Businesses are taking full advantage of the new...

Scanticon exec weighs new conference center. (Scanticon International Inc.)
January 6, 1995... Hotelier loses out on attempt to buy Inverness property SCANTICON International Inc. may be out of the Englewood conference center that long bore its name, but it doesn't expect to be out of Denver for long. Scanticon, which planned,...

HMB Partners spends $7.6M for Financial Plaza building; Santa Fe investors buy Diamond Hill. (HMB Partners Inc.; Santa Fe, New Mexico; BGK Properties Inc.)
January 6, 1995... TWO LOCAL office building sales beat the new year by a matter of days. Englewood-based HMB Partners Inc. picked up the Financial Plaza at Belleview Avenue and Interstate 25 for $7.6 million, closing Dec. 22, said HMB principal Tom Morrill....

Colo. exporters eye Mexican economic crisis warily.
January 6, 1995... THE PLUNGE OF MEXICO'S peso has deflated optimism among Colorado exporters to that country, but most reserve hope for their long-term plans. Exporters express a dimming of the optimism ignited by the North American Free Trade Agreement, or...

Radisson employees must reapply for jobs. (Radisson Hotel Denver, Denver, Colorado)
January 6, 1995... Union hotel to be first for Adam's Mark MORE THAN 300 employees of the Radisson Hotel are having to reapply for their jobs as the hotel changes ownership. Effective Jan. 10, Denver's largest hotel will be part of the Adam's Mark chain....

State health-care agency may win larger mission; bill would allow commission to collect more data. (Colorado Health Data Commission)
January 6, 1995... DEPENDING UPON the whims of the state Legislature, the Colorado Health Data Commission either will die or celebrate its 10th anniversary this year. The opening days of the Legislature will see the introduction of a bill designed not only to...

State finds mental-health pact 'erroneous.' (expiration of Colorado Biodyne's contract)
January 6, 1995... No. 2 bidder loses management pact as new deal sought COLORADO'S Department of Administration swung into crisis mode Jan. 3, declaring an emergency after an expired contract left thousands of state employees without a managed-care company to...

Sealed deal creates local giant. (Colorado-based envelope maker American Mail-Well)
January 13, 1995... At American Mail-Well, low profile belies rank as top envelope maker American Mail-Well's products land in Colorado mailboxes just about every day bearing, among other things, your gas and electric bill, your magazine subscription-renewal...

Eagle USA Airfreight lands prime DIA site. (Denver International Airport)
January 13, 1995... Freight forwarder will be airport's first Eagle USA Airfreight has its eyes trained on the tarmac of Denver International Airport, ready to swoop down on some prime cargo space. Denver and Eagle USA are close to signing a five-year lease on...

Kentek starts recycling center for printer parts. (Kentek Information Systems Inc.)
January 13, 1995... Recycling at Boulder's Kentek Information Systems Inc. doesn't revolve around the usual newspaper, aluminum and glass. The Boulder manufacturer of high-speed, mid-range printers recently opened an 11,000-square-foot facility near its...

Blueprint for success: Design Workshop draws big plans for future growth. (Design Workshops Inc.)
January 13, 1995... Joe Porter and Don Ensign made the decision as undergraduates in planning and design at Utah State University in the 1960s: Someday, they would run their own business. From its beginnings in Raleigh, N.C., in 1970, Design Workshop has grown to...

Startup businesses show spunk, smarts. (Denver, Colorado)
January 13, 1995... Entrepreneurs featured last year fight on Name: Scott Flores, president, Die Cut Technologies Inc. Featured: December 1993 Briefly: Flores carries on a business his father started when he couldn't find a gas-cap gasket for his 1958...

PBS stations to merge? Channels 6, 12, Pueblo station consider union. (Public Broadcasting Service)(Denver's KRMA Channel 6, KBDI Channel 12 and Pueblo's KTSC Channel 8)
January 27, 1995... Amid a flurry of speculation over the future of public broadcasting in America, Colorado's three public television stations are quietly exploring consolidation. The drawn-out talks between Denver's KRMA Channel 6 and KBDI Channel 12 and...

Stapleton draws little interest. (redeveloping Stapleton International Airport's terminal complex)
January 27, 1995... City drums up only two responses Take two. After receiving only two responses on its request for qualifications, or RFQ, for redeveloping the terminal complex at Stapleton International Airport, the Mayor's Office of Economic Development is...

Denver mulls expanded minority-contract policy. (Colorado)
January 27, 1995... Webb supports idea, others eye stiffer rules Even as Denver fights to defend its minority-contracting efforts, city officials are looking at broadening the embattled program to include millions of dollars worth of city purchasing contracts....

Bills eye emissions testing. (Colorado's emissions inspection program)
January 27, 1995... Supporters worry attempts to gut program will spur EPA retribution Two bills to alter the state's new enhanced emissions inspection program have air quality officials and business leaders worried about retribution from the Environmental...

Will this be the final Frontier? Venerated airline returns to skies, but not yet profits. (Frontier Airlines Inc.)
January 27, 1995... As anxious holiday travelers wound their way through Frontier Airline's Stapleton station last month, some received a helping hand from an unexpected source. Frontier's top executives, from CEO Sam Addoms on down, were pitching in on the front...

Trolley seeks funds for expansion.
January 27, 1995... Expanded service would link valley's cultural attractions The next big attraction to hit the Central Platte Valley may be one of the valley's original occupants. Plans are in the works for a multimillion dollar extension of the Platte Valley...

Kansas, Montana sue local lawyer over loss. (Hugh Alexander)
January 27, 1995... States contend attorney, others squandered $5M Insurance regulators in Kansas and Montana filed separate lawsuits against a Denver attorney last month, claiming he or people he hired wrongly invested almost $5 million in assets of two failed...

Million-dollar ad pitch ready to tout Denver. (Colorado)
January 27, 1995... Elitch's, Rockies join city, others to fund campaign A planned $1 million advertising campaign this summer will show off Denver's newest attractions - from Coors Field to Elitch Gardens - in an effort to convince tourists to stay awhile. The...

Well on the REIT track to success. (Security Capital Industrial Trust; real estate investment trusts) (Real Estate) (Industry Overview)
January 27, 1995... SCI on the cutting edge of industrial The irony of Aurora-based Security Capital Industrial Trust is that it's a young, conservative company that's positioned itself squarely on the cutting edge of the industrial real estate market....

Del Camino attracts high-tech companies. (Denver, Colorado business center) (Real Estate)
January 27, 1995... Truck-stop turns business center Toss together a few fast-food joints, a couple of motels, an interstate highway and a state enterprise zone, and what do you get? How about the state's next manufacturing and high-tech mecca. Del Camino, a...

Denver a commercial borrower's market. (Colorado) (Real Estate)
January 27, 1995... Rising interest rates not dampening demand for limited supply The magnetism of commercial real estate in Denver has the market rolling in capital. "It's a borrower's market," said Stephen Bye, a senior vice president with Minneapolis-based...

Office market up in all categories. (Denver, Colorado) (Real Estate)
January 27, 1995... 1994 overall good year in Denver Like the range cowboy who tangles himself in barbed wire but has a pair of wire cutters and a box of Band-Aids stuffed in his back pockets, the pluses outweighed the minuses in commercial real estate sales last...