Reporter for the Colorado Springs Business Journal covering real estate, construction and other topics related to small business.
Midnight Sun Capital to expand its portfolio
Springs-based Midnight Sun Capital Management CEO and Hawaiian native Louie Larimer teamed with partners at the Aleut Corp. and Chalista — both native-Alaskan-owned companies — to form a real estate investment in 2009.
The Mortgage Bankers Association forecasts that home sales will rise slightly in 2011 but won’t really gather momentum until 2012. The industry group’s latest report released this week predicts existing-home sales — forecast to be about 8 percent lower this year than last, are expected to grow by less than 2 percent next year before [...]
Continue reading …El Paso County’s search for a general contractor to remodel office space in Building One at the Corporate Ridge office complex, he former Intel facility, is over. GE Johnson Construction Co. has been selected to handle the project’s first phase. The $559,000 contract award was approved this week by the El Paso County Board of [...]
Continue reading …New Colorado Springs Regional Economic Development Corp. Chairman Doug Quimby doesn’t underestimate the challenges of his new job. Quimby, who also serves as president of Esqueterra Development and heads development of the Cordera housing community, said the economy is making it tough on local economic development efforts. One of his biggest goals, he said, is [...]
Continue reading …Recent headlines about tighter residential mortgage and lending requirements might suggest that commercial real estate lending is in the same boat. That’s just not the case, says Terrix Financial Principal Brandon Rogers. “It’s actually loosening quite a bit,” the Denver-based lender said. Rogers said the shift has occurred not only among banks and commercial lenders [...]
Continue reading …Jim Morley hit plenty of high notes in his career as a land developer, with more than a dozen housing developments at one point that stretched across the city’s eastside. The depth and duration of the 2008-09 recession, however, put most of those developments on ice. By mid-2008, funding had dried up and lot sales [...]
Continue reading …From 2006 to 2008, wages grew 5.4 percent throughout the United States. As the recession worsened at the end of 2008, wages dropped dramatically, reaching their lowest point during third quarter 2009, according to a report today from Payscale.com. Since then, national average wages have remained relatively flat, though the cost of goods has increased, [...]
Continue reading …Colorado Springs Utilities will host tours of the Southern Delivery System project along with an information update for business, civic and community leaders. The dates of the SDS one-day tour are: Thursday, October 28, 2010 Friday, November 12, 2010 Thursday, December 2, 2010 Participants will check in at Mesa Conservation Center, 2855 Mesa Road, Colorado [...]
Continue reading …Of the five Colorado metropolitan areas surveyed in the national Best-Performing Cities index released on Thursday, all but one performed worse than last year. Colorado Springs slightly improved its standing among 200 large and small cities included in the survey, bumping up from a ranking of 101 last year to 99 in the current list. [...]
Continue reading …Ace Hardware franchisees Nick and Kirby Kuklenski could have opened their new 10,900-square-foot store in any number of locations along the Front Range. But after a two-year search for a location to open their third outlet, they chose the Hancock Plaza shopping center, off South Academy Boulevard. One key factor in the brothers’ decision: more [...]
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