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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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R.V. firm's growth continues

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Adventures in R.V.’s has continued its growth spurt with the recent acquisition of a local competitor, Motorhome Rental, on April 1 and the pending purchase of Motorhome’s facilities on North Murray Boulevard. Adventures paid $25,000 for Motorhome’s business, including a roster of 14 privately-owned motorhomes, $100,000 worth of rental reservations for this summer, and taking… Continue Reading R.V. firm's growth continues

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Software Company New in Town

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Programmed Logic Corp. recently leased 4,700 square feet of office space at 5801 N. Union Blvd. Mitchell Miller, the company’s buffer developer at the headquarters in New Jersey, said the office was up and operational about a month ago. This is the second office for the software development company. “Colorado Springs had the people we… Continue Reading Software Company New in Town

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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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Following in the footsteps of its namesake in the Broadmoor area, a second Sterling House assisted living center will host its grand opening in Briargate April 12-14. The new Sterling House, at 7560 Lexington Drive, will provide housing for up to 50 residents in 37 apartments. Apartment units will include studio, one-bedroom standard and 1-bedroom… Continue Reading Sterling House assisted living center opens in Briargate

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High school set to open in July

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The “Pumas” of Aspen Valley High School will have a home of their own this summer when students, staff, and mascot move into their new building on Chapel Hills Drive. The Academy School District 20 project, at a building cost of approximately $1.9 million, is set to open July 30. The two-story high school now… Continue Reading High school set to open in July

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The first of four high-end office complexes to be built on the city’s north side will host groundbreaking ceremonies the middle of this month at 415 W. Rockrimmon Boulevard. R L Development LLC is in charge of all the planned projects. Besides the Rockrimmon site, another is set for 3335 Vickers Drive, another at Lexington… Continue Reading Ground broken for first of four Northside office complexes

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