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Word that El Paso County’s largest private real estate transaction of the year closed last week — just before the books closed on a miserable 2010 — offered an ember of optimism for the commercial real estate market. Just don’t expect any sparks. The 85,000-square-foot office building at St. Francis Medical Center, known as NorthCare,… Continue Reading End-of-year NorthPark deal inspires little optimism

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A half-empty building at the corner of one of downtown’s busiest intersections will go on the auction block soon, and the weak real estate market means that potential investors could land a bargain. The building is listed for $7.25 million, although many believe it will sell for considerably less. Owned by Grubb & Ellis Co.,… Continue Reading 6 Tejon owner hopes building will soon be going, going, gone

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2011 Forecast: Hoping for a return of lending

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Although lending is not likely to increase dramatically, there is some hope that 2011 will mean better things in the banking world. The healthiest local banks — 5 Star Bank, The Bank at Broadmoor, Central Bank and Trust, and FirstBank — are staying the course, maintaining capital levels and working through whatever bad loans they… Continue Reading 2011 Forecast: Hoping for a return of lending

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After years of a down market, hoteliers anticipate a better year in 2011. A full recovery isn’t in the cards but most in the hospitality industry expect increases in occupancy rates and room rates. Two international events slated for summer and new to Colorado Springs will bring tens of thousands of visitors and spectators to… Continue Reading 2011 Forecast: Occupancy firming, room rates to rise

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Colorado received a $13.7 million award from the Centers for Medicare and Medicaid Services for making changes in its enrollment policies. The changes led to big increases in the past fiscal year in the number of children enrolled in the public health insurance program. Colorado’s Medicaid program saw a 14 percent increase during the fiscal… Continue Reading Colo. Medicare gets $14M federal award for initiative

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The last two years have been tumultuous for the U.S. space industry, but things are expected to calm down a bit in 2011 — even as Congress cuts programs and budgets. Some very large companies are preparing for more austere times by offering early retirement to senior staff members, said Brenden Curry, vice president of… Continue Reading 2011 Forecast: A brighter outlook for space economy in Colo. Springs

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People on the Move – December 31, 2010

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Aventa Credit Union has hired Toby Hayes as its new marketing manager. Hayes has more than 10 years of marketing and communications experience. Most recently, he directed marketing for a Utah credit union. Gov. Bill Ritter has appointed Francis Stephen Collins of Parker a district court judge in the 18th Judicial District.The 18th district includes… Continue Reading People on the Move – December 31, 2010

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A piece I wrote in last week’s Business Journal, in which both mayoral candidates and political operatives agreed that an effective campaign would cost as much as $500,000, left one question unanswered: Where would the money come from? In past years, candidates vied for endorsements from four powerful business groups: the Pikes Peak Association of… Continue Reading Who’ll put up all that money for mayoral campaigns?

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Big decisions will be made in the health care industry in 2011, both on the local and national stage. Locally, voters will decide the future of Memorial Health System. The City Council is moving ahead with plans for an April ballot issue that will create an independent, nonprofit instead of a municipally owned hospital system.… Continue Reading 2011 Forecast: A decision, finally, on Memorial Health System

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Charitable contributions at some nonprofits are up; at others, it’s down. That’s why the 2011 forecast for the nonprofit arena is mixed. Demand for services has increased — especially at organizations that help low-income or unemployed people. At Pikes Peak United Way, for instance, demand is higher than it’s ever been at the 2-1-1 Call… Continue Reading 2011 Forecast: Some cautious optimism at nonprofits

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