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Motel Under Construction

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ATM Holdings LLC, a property owned and managed by E. Allen Chandler, is building a 50-room Super 8 motel with a first floor casino called the Golden Touch in Cripple Creek. The motel will be located west of the new Community Bank of Colorado, Chandler said. Plans for the motel have been to the city… Continue Reading Motel Under Construction

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Owners of Team Chevrolet, Al Serra and Jerry Colten, are also the co-owners of a new Chevrolet car dealership that is developing in north Colorado Springs. Colten, also general manager, said the new dealership does not have a name yet. But, it does have a location. The dealership will be just north of Chapel Hills… Continue Reading New car dealership in works for north side of Springs

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MAPI set to expand facilities

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Ancient laws of nature and good health from India will receive a boost into the next millennium when a Colorado Springs company finishes its facility expansion this summer. Maharishi Ayur-Veda International, Inc. (MAPI), now in leased space at two different locations, will move all operations to its new building at 1068 Elkton Drive this summer.… Continue Reading MAPI set to expand facilities

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Springs cited in housing affordability survey

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Colorado Springs ranked 12th in the western region and 136th out of 184 cities across the United States surveyed in the 1996 fourth-quarter housing affordability by the National Association of Home Builders’ Housing Opportunity Index. The index is the only one that ranks housing affordability city by city. The NAHB-HOI measures the proportion of homes… Continue Reading Springs cited in housing affordability survey

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Optika reports first quarter gains

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Optika Imaging Systems Inc. announced first quarter 1997 results earlier this week. Revenues were up 46% to more than $4.5 million, compared to $3.1 million in the first quarter 1996. Net income was up from $2,000 to $73,000 for the comparable quarters. “Our growth in the quarter was driven by several factors, including an outstanding… Continue Reading Optika reports first quarter gains

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Fountain drive-in developed

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Buoyed at the outset by record population growth in the Fountain area, Fountain Drive-In Partners last month closed on a 10.6 acre parcel of land for One Fountain Place, a retail development in the 5500 block of S. Highway 85/87. Site clearing operations are under way. The project will be a mix of retail and… Continue Reading Fountain drive-in developed

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Brothers Lindsay and Robert Case of The Case Company are building a 10,000 square foot speculative retail building at 618 S. Academy Blvd. with plans for a second building of the same size. Robert Case said the first of the two buildings at Fairway Shopping Center is fully leased. A Chinese food buffet, a check… Continue Reading Speculative Shopping Center Ready for Tenants

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Trammell Crow Company, one of the nation’s largest full-service real estate companies, is going from strictly managing property in Colorado Springs to offering a full range of commercial real estate services. Commercial real estate services provided by Trammell Crow include brokerage, investment, property management, and development. Since the office expansion, the Myron Stratton Home awarded… Continue Reading National real estate company expands local offices

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NxTrend plans initial public stock offering

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Colorado Springs-based NxTrend Technology Inc. has filed its intent with the Securities and Exchange Commission to conduct an initial public stock offering of 4.3 million shares of common stock that is expected to raise as much as $69 million. NxTrend, which changed its name from R & D Systems Inc. in December, is in the… Continue Reading NxTrend plans initial public stock offering

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Denver Company Purchases Building

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DPC Development Company of Denver purchased 1365 Garden of the Gods Rd. for $4 million from United Microelectronic Systems Inc. Monday. The site consists of a two-story office and research and development building, and an additional nine acres fronting Garden of the Gods Road, said Steve Bach, chief operating officer of Bach Commercial Real Estate… Continue Reading Denver Company Purchases Building

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