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City's Largest Apartment Complex Sells

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Templeton Park Apartments was recently purchased by Templeton Apartments LLC, an entity controlled by Griffis/Blessing Company Inc., for $23.3 million — the highest price ever paid for an apartment property in Colorado Springs. Griffis/Blessing bought the 496-unit apartment complex, which is Colorado Springs’ largest apartment complex, from Templeton Investors, a partnership controlled by Chicago-based Balcor… Continue Reading City's Largest Apartment Complex Sells

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Niebur Golf builds speculative office building

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Getting out of his element of building golf courses and diversifying his business, Joe Niebur, of Niebur Golf, is building a 20,000 square foot speculative office building with plans for a second, 15,000 square foot speculative office building at 675 S. Pointe Ct. Niebur said that he lives and works in south Colorado Springs and… Continue Reading Niebur Golf builds speculative office building

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Litton building gets tenant

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One of the last large industrial complexes in Colorado Springs has been the center of a lot of attention in the past five months. The former Litton Data Systems buildings at 425 E. Fillmore have a new tenant in Building C and several prospective tenants looking at Buildings A and B, according to Darwin Faarborg,… Continue Reading Litton building gets tenant

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McCormick-Armstrong Printing’s Williams Division renewed it five-year, 35,000-square-foot lease this month and has nearly doubled revenues from 1994 to 1996. The Williams Division, formerly Williams Printing, decided to renew its lease at 5075 Centennial Blvd. rather than build its own 40,000-square-foot building. General manager Phil Carter said that because the real estate market is high… Continue Reading Printer's revenues double under new parent company

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WestPac planes fill with cargo

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What’s good for the business traveler is apparently good for cargo. Western Pacific’s new flight schedule, with increased frequency and a midnight “bank” of flights, has helped the airline’s cargo and air mail business to nearly double. In 1996, WestPac carried 5.5 million pounds of mail and cargo. Cargo Manager Benjamin Jude is projecting the… Continue Reading WestPac planes fill with cargo

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Symetrix shifts focus

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Symetrix Corporation will announce a shift from research and development to a more production-oriented business plan at the International Symposium on Integrated Ferroelectrics in Santa Fe next week. Because of the growth of the company and the confidence expressed in its technology by global semiconductor companies, a public stock offering is not out of the… Continue Reading Symetrix shifts focus

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Local companies win funding

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Communications firms around the United States were the big winners in the fourth quarter of 1996, garnering more than $553 million of venture capital investments, according to the Price Waterhouse Venture Capital Survey. Colorado communications firms received $119.8 million or 21.6% of the total, coming in second only to Silicon Valley, for dollar amount invested,… Continue Reading Local companies win funding

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EDC president addresses city's economic outlook

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Rocky Scott, president of the Greater Colorado Springs Economic Development Corp., addressed business and community leaders earlier this week on the state of the area’s economy. While economists agree growth has slowed considerably, they disagree on whether a boom/bust cycle can be totally avoided. Scott cited such growth issues as traffic congestion, cost of living… Continue Reading EDC president addresses city's economic outlook

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WestPac-Frontier merger: Who would benefit?

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Between stock analysts and the Teamsters Union, much has been written regarding a merger between Springs-based Western Pacific Airlines and Denver-based Frontier Airlines. But who will benefit from such a merger? <CENTER><TABLE BORDER CELLPADDING="2" Width=600> <TR> <TD> <P ALIGN=Center> <B><BIG>Western Pacific Airlines</BIG></B> </TD> <TD> <P ALIGN=Center> <B><BIG>Frontier Airlines</BIG></B> </TD> </TR> <TR> <TD> 1,111 employees </TD>… Continue Reading WestPac-Frontier merger: Who would benefit?

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Vitesse leases warehouse facility

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Vitesse Semiconductor Corp., a computer chip maker, signed a six-month lease on 7,800 square feet of warehouse space at 4401 Mark Dabling Blvd. last week. The lease is in addition to approximately 6,000 square feet that the Caramillio, Calif.-based corporation leased on Garden of the Gods Road for its design center. The building, which was… Continue Reading Vitesse leases warehouse facility

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