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Philips LMS increases revenue

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Philips Laser Magnetic Storage is expected to increase its revenue up to 20% each year for the next several years, according to company vice-president Todd Gresham. According to Gresham, the Colorado Springs headquartered company has been working diligently for the past two years on a series of products that are just being introduced in the… Continue Reading Philips LMS increases revenue

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Retailers flock to Fountain

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Pikes Peak Aviation, a Colorado Springs firm, is set to build a shopping center/office complex on 39 prime acres near Fountain. The unnamed shopping center, approximately 300,000 square feet, will be located at the intersection of the Powers Boulevard extension — to be complete within 10 years — and Interstate 25, between the cities of… Continue Reading Retailers flock to Fountain

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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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Navsys, MCI founder develop partnership

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A Colorado Springs-based company and the man who formed MCI and FTD’s Mercury Network have joined together in an unprecedented venture. Navsys, a Colorado Springs Global Positioning Systems company, has entered into an agreement with Jack Goeken, founder of MCI. Goeken also founded the In-Flight Phone Corporation. The project will involve developing the implementation of… Continue Reading Navsys, MCI founder develop partnership

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Stratton Preserve breaks ground

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<B>By JACKIE SANCHEZ</B> Ten months of neighborhood consen-sus building culminated with the Aug. 25groundbreaking at Stratton Preserve, a luxury gated community in southwestColorado Springs. In the process of getting approval for Stratton Preserve, Schuck Communities,a local neighborhood developer, consulted with the Skyway Homeowners’Association. "This is a model for the way development should occur," said community… Continue Reading Stratton Preserve breaks ground

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Kaiser-Permanente to open

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<B>By LAUREY LUMMUS</B> <FONT SIZE=-1><I>Staff Reporter</I></FONT> The number of health maintenance organizations in Colorado Springs is growing,with Kaiser-Permanente announcing it will be opening a branch in ColoradoSprings as early as next month. Kaiser-Permanente is the oldest and largest group practice HMO in Colorado,serving clients since 1969. The company will not build its own facility, but… Continue Reading Kaiser-Permanente to open

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Carrio grows

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<B>By KAREN SUCHARSKI</B> <FONT SIZE=-1><I>Staff Reporter</I></FONT> Carrio Cabling Corporation is anticipating 20% growth, up to $1 million,in sales for 1996, and has doubled its employees since coming to ColoradoSprings three years ago. The 10-year-old custom cable manufacturer may land on the Inc. 500 list in1996 due to its growth in the past five years. It… Continue Reading Carrio grows

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Sun Microsystems growing

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<B>By LAUREY LUMMUS</B> <FONT SIZE=-1><I>Staff Reporter</I></FONT> Businesses may now have educational information delivered to their desktopcomputers with the touch of a button or a quick mouse click, with a ColoradoSprings firm aiding them in their delivery. Sun Microsystems Inc., a San Jose-based firm specializing in the developmentof software, which has a branch office in Colorado… Continue Reading Sun Microsystems growing

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Commercial sales closed

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<LI> The top commercial sale in Colorado Springs during the first week of September was the $350,000 purchase of vacant land by the Bagherian Development Co., owned and operated by M. Bagherian. The land, which has been zoned commercial, is located on Barnes Road. No specific address has yet been given to the parcel, which… Continue Reading Commercial sales closed

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