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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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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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Business radio network premieres

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With a one-month-old affiliate in Colorado Springs (KXRE 1490 AM), Bloomberg Radio Network expanded its reach to KRRU 1480 AM in the Pueblo area on Jan. 1. The network boasts a format similar to CNN Headline News on radio, according to general manager Paul Muhly. “We’re bringing business and talk shows for financial and business… Continue Reading Business radio network premieres

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Survey says: Job market to grow in 1997

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An annual survey reported good news for the Colorado Springs market — both for employers and the workforce. The Chamber of Commerce’s annual year-end business climate survey found that most employers are planning to grow and are satisfied with Colorado Springs. Of 405 surveys sent to employers in manufacturing, service, research and development, retail, and… Continue Reading Survey says: Job market to grow in 1997

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FedEx moves into new loading facilities

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Federal Express’s local sorting and loading division, which has been operating out of temporary facilities at 1585 Aviation Way, will move to just north of the old Colorado Springs Airport terminal, at 1245 Aviation Way, next week. The new custom-made buildings will total more than 30,000 square feet. According to the builder, Pikes Peak Aviation,… Continue Reading FedEx moves into new loading facilities

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Multifamily worth multi-millions

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More than $156 million worth of multifamily real estate changed hands in 1996, according to figures compiles from the County Assessors office. Doug Carter, an apartment specialist with Palmer McAllister, a Frederick Ross Company, said the volume of sales is the highest in the last two decades. Highlights of the more than 60 properties that… Continue Reading Multifamily worth multi-millions

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