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Defense contractor leases office

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Colorado Springs’ newest defense contractor, SY Technology Inc., leased 9,533 square feet of office space at 1050 S. Academy Blvd., suite 120, in October of last year. However, office build-outs have kept SY in suite 320 since that time. The company should be in its new office this week, according to Jack Tyler, director of… Continue Reading Defense contractor leases office

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Summit Container Corp. moves to Monument

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Colorado Springs-based Summit Container Corporation, whose president was recently named Small Business Person of the Year by the Greater Colorado Springs Chamber of Commerce, will relocate and open a large manufacturing plant in Monument within the next few months. The plant will manufacture corrugated materials used in packaging. The relocation will consolidate the two current… Continue Reading Summit Container Corp. moves to Monument

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A longtime struggle between management and workers moves from the Appalachian coal fields to the Rocky Mountains this week. The Westmoreland Coal Co. bankruptcy case began in Denver District Court on Jan. 9. The Chapter 11 protection suit filed by Westmoreland Coal Co. began yesterday with an administrative hearing to discuss procedures that will be… Continue Reading Westmoreland Coal's battle to remain viable goes to court

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Apartments sold

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Investors Real Estate Trust has closed a deal on The Neighborhood Apartments, located st 3504 Van Teylingen Drive in Colorado Springs. The purchase price for the property was $10.75 million — almost $56,000 per unit. The property consists of 192 units, covering approximately 209,237 square feet. CB Commercial, a Denver brokerage and management group, represented… Continue Reading Apartments sold

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Bethesda Associates is experiencing growing pains along with Colorado Springs. The company, headquartered in Colorado Springs since 1980, has outgrown its offices on Kelly Johnson Boulevard and is building a $1 million, 27,000-square-foot, two-story, office building on two acres in Gleneagle. The structure is expected to be completed in July. The office building will be… Continue Reading Bethesda Associates builds $1 million headquarters

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Ridgeview Place Sold

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Ridgeview Place Apartments, 3310 Knoll Lane, were purchased for $16.4 million by Alexander Building Company, an affiliate of Griffis/Blessing. The Alexander Building Company purchased the 336 unit complex from Ridgeview Place Associates, an affiliate of the Balcor Company. The complex is approximately 296,720 square feet.

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Higby Ranch Sold

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Carl N. Turse and Linc. Trust Co. purchased 240 acres of the Higby Ranch at 425 E. Higby Road for $1.4 million. Dale Wheeler, of Palmer McAllister’s advisory services, said the eastern 240 acres of the ranch was purchased for approximately $6,000 per acre from Bill Higby. “That is the highest price I can recall… Continue Reading Higby Ranch Sold

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Palmer McAllister previews 1997

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Colorado Springs’ real estate market made it through 1996 with flying colors and is expected to do the same in 1997, said Rick Pederson, managing director of Ross Consulting Group during Palmer McAllister’s annual commercial real estate market report and projection Tuesday. The number of people migrating to Colorado Springs in 1996 spurred the economic… Continue Reading Palmer McAllister previews 1997

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Local computer dealer gets charter contract

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Benchmark Computers and Electronics of Colorado Springs has recently been named the charter dealer for Total Automated Building Systems, or TABS. The right to franchise was awarded to Benchmark by Netmedia Inc, the inventors of TABS. Benchmark manufactures and distributes its own line of office automated computer systems and designs customized software. With TABS, one… Continue Reading Local computer dealer gets charter contract

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Net accessed

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Another Colorado Springs company has joined the Internet wars. North American Internet Ltd. has recently announced dedicated Internet access. The company will offer 33,600 bps service for businesses and individuals who require Internet access 24 hours per day. The company, located at 1837 S. Nevada Ave., conducted exhaustive research on the future of the Internet… Continue Reading Net accessed

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