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Bank of the Rockies builds

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Bank of the Rockies, which has been located in small building at 4328 Edison Ave. since its inception in 1982, has broken ground on a 4,600-square-foot location directly next door to where it is currently housed. Bank President Tim Sundgren and his brother, Kent, who serves as vice president, bought the bank from its previous… Continue Reading Bank of the Rockies builds

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Array intros product

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Array Microsystems Inc., founded in 1991 in Colorado Springs, will expand its operations as it introduces a revolutionary product to the computer industry. The company, located at 1420 Quail Lake Loop, is a leading developer of video compression and decompression integrated circuits and subsystem level products for video-based multimedia applications. In lay terms, the company’s… Continue Reading Array intros product

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Airport land will be developed

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A Washington state investment company, which won a bidding war against those eager to buy a 256-acre parcel of land near the Colorado Springs Airport, has announced massive plans for the prime land. The company, Soaring Eagles Orchards Inc., purchased the land from Digital Equipment Corp. for $1.9 million in 1995. Since that time, the… Continue Reading Airport land will be developed

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PacRim Buys Building

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PacRim, an importer of party goods, recently purchased 10,800-square-foot industrial building at 650 Elkton Drive for $495,000. Mike Matkin of Palmer McAllister represented PacRim in this purchase. He said PacRim has been renting space. The building on Elkton Drive is larger than what it has now. PacRim is expected to move into the building in… Continue Reading PacRim Buys Building

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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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