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Commercial real estate lending tighter

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Office, retail and industrial investors might book that long-awaited vacation to Tahiti this year. They certainly won’t be pouring over commercial real estate offerings – at least based on current lending trends. The Federal Reserve is reporting that about 65 percent of domestic banks, on net, tightening their lending standards on commercial real estate loans… Continue Reading Commercial real estate lending tighter

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American businesses have seldom created products for or aimed advertising at the 55-plus demographic. Preferring to concentrate upon the next generation of consumers, the 18-34 age cohort has been the primary target of advertisers for decades, or at least since Pepsi-Cola’s discovery of “The Pepsi Generation.” The theory was – and is – a simple… Continue Reading Advertisers shift focus away from 18-34 demographic

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Perhaps as a result of historically high foreclosure rates, tight credit or a slow residential resale market, an increasing number of homes – and some commercial buildings – are now being offered for rent. As a result, property management companies are forming to handle the workload Dominion alliance ‘hands on’ Dominion Property Management, a partnership… Continue Reading Property management companies springing up, flourishing

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People on the Move – May 8, 2009

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Josh Chesbro has been promoted to supervising audit senior at Stockman Kast Ryan and Co. Monica M. Marquez has been named deputy attorney general overseeing the Colorado Department of Law’s State Services Section. She has worked for the Colorado Department of Law since 2002. Rhett Brengarth has been named vice president of commercial lending for… Continue Reading People on the Move – May 8, 2009

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Because of a large military population that spends hundreds of millions of dollars annually, Colorado Springs has enjoyed relative economic stability despite the recession. The Army is the state’s second largest employer, with a current active-duty population of more than 20,000 soldiers. And the largest single beneficiary continues to be El Paso County – home… Continue Reading Carson’s growth helps buffer local economy

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Old is Gold

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The United States might be going through one of the deepest recessions since the early 1980s, but some businesses that cater to baby boomers and the generation that preceded them are thriving. Collin Sutz, a hearing instrument specialist at All American Hearing said his company is seeing new clients and staying busy. “You know that… Continue Reading Old is Gold

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The City of Colorado Springs has launched its new Web site, complete with a new set of tools designed to improve online services. The site is ADA-compliant and is easier for visitors to navigate.  Some of the new tools include: * A search field powered by Google to help visitors find exactly what they are looking for. * A service-oriented I Want… Continue Reading City launches improved Web site

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Effective May 15, the City Clerk’s Office will only process private security officer and taxicab driver applications for licensure from 2 to 4 p.m. Tuesdays through Thursdays. Applications must be submitted to the police department for background investigation by 10 a.m. the day of processing. License applications for private security officers and taxicab drivers were updated this month, and… Continue Reading New hours for security officer, taxi driver applications

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Southern Colorado’s first Sunshine Farmers Market is scheduled to open May 27 at 1730 Dublin Blvd. The natural and organic grocer signed a 10-year lease with options on the space, which was purchased during April by Golden Properties LLC for $2.6 million. Sunflower’s owners also founded one of Colorado’s first successful organic grocery chains – Alfalfa’s, which later… Continue Reading Sunflower grocery to open in former Longs Drug store space

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Local economic conditions have hit bottom, and economists believe El Paso County has been through the worst of the recession. “The good news is that the economy is not deteriorating further,” said Fred Crowley, senior economist at the College of Business and Administration at the University of Colorado at Colorado Springs and economist for the… Continue Reading Forum report: worst is over for Springs economy

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