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MCI Telecommunications Continues Lease

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MCI Telecommunications extended its lease at Tiffany Square at the Woodmen Road interchange. Tiffany Square is owned by TMP Companies, of Santa Ana, Calif. MCI has been an anchor tenant in Tiffany Square, leasing 98,498 square feet, since December 1994. This extension guarantees MCI’s stay until Dec. 31, 2001. Gary Craig, facilities manager of MCI… Continue Reading MCI Telecommunications Continues Lease

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Pinehurst Bluffs filling gap

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Seemingly, a local trend in new home construction is to build large and price large, too. This generally leaves the new home buyer wondering if he wants to go to work every day just to pay for the mortgage. Candice Earhart, owner of All West Inc. Realtors, realized this trend and decided to fill in… Continue Reading Pinehurst Bluffs filling gap

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SRS moving

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SRS Technologies, which recently celebrated 25 years of service in the Colorado Springs area, is in the process of moving its Springs office to 1915 Aerotech Drive. The office is currently located in the Kaman Sciences building on Fountain Boulevard; the company decided to move when Kaman purchased the entire building. SRS will occupy approximately… Continue Reading SRS moving

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Peterson construction begins

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Construction will begin at Peterson Air Force Base on a project totaling approximately $4.1 million. The first phase of construction will be under the auspices of the 302nd Air Lift Wing division at the Air Force base. Planned for the division are three additional facilities, one of which will be an addition to the squadron… Continue Reading Peterson construction begins

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Litton buildings purchased

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Los Angeles-based Litton Systems Inc. sold its building at 2460 Waynoka Place Tuesday for $4.2 million to Etkin Equities Inc. of Denver. At the same time, Etkin leased the 92,000-square-foot building to Lockheed-Martin’s Command and Control Systems. Mike Matkin, a Palmer McAllister agent representing Litton in the sale transaction, said Lockheed-Martin’s Command and Control Systems… Continue Reading Litton buildings purchased

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U.S. Filter acquires another

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The purchase of Wheelabrator Technologies Inc. by U.S. Filter Corp. for $385 million, announced Sept. 16, will eventually affect the local U.S. Filter manufacturing plant, according to Alan Wright, vice president and general manager for the Colorado Springs plant. The acquisition will make U.S. Filter the largest water treatment company in the world with more… Continue Reading U.S. Filter acquires another

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FirstBank to open three

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FirstBank of Colorado Springs, a subsidiary of FirstBank Holding Co. of Colorado, is planning rapid expansion for 1997. The bank, which opened its doors in Colorado Springs in December 1995 will add three locations, with construction on two beginning immediately. The initial FirstBank subsidiary to open in Colorado Springs is located at 817 Village Center… Continue Reading FirstBank to open three

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AlliedSignal revenue, hirings are up

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<H2><I>Local division expects to hire an additional 50 employees before 1997</I></H2><B>By KAREN SUCHARSKI</B> <FONT SIZE=-1><I>Staff Reporter</I></FONT> The local division of AlliedSignal Technical Services Corp. is projecting revenue for 1996 of $40 million, up from $25 million in 1995. The growth is due to Department of Defense contracts that continue to grow as AlliedSignal works proactively… Continue Reading AlliedSignal revenue, hirings are up

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Apartment rent increases slow

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Approximately 36% of Colorado Springs adults reported to The Media Audit, a Houston-based demographics service, that they are renters rather than homeowners. The good news for these residents is that apartment rentals seem to be leveling off as the average market rent comes to what Colorado Springs renters are willing to pay. Year-to-date average rent… Continue Reading Apartment rent increases slow

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I-25 improvements ahead of schedule

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Excess Colorado State General Fund money will be used to begin two high priority projects regarding the safety of the Interstate 25 corridor in Colorado Springs, essentially relieving some traffic congestion. The two projects are expected to cost approximately $18 million and will be put to bid in November, with construction to begin in January… Continue Reading I-25 improvements ahead of schedule

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