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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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Homewatch heading south

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Denver-based Homewatch International Corp. has announced plans to expand into the Colorado Springs area. The home-based franchise specializes in household support including non-medical companion care, as well as pet and household sitting and handyman services. The company, founded in 1973, has experienced a steady increase in sales revenue, up 25% from 1995. Franchise operations Colorado… Continue Reading Homewatch heading south

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Manitou adds mineral pools

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Preliminary work is being done in Manitou Springs to add $200,000 to $300,000 worth of mineral pools to the Aquatic Fitness Center in Schryver Park. New pool manager Joe Burke, formerly manager of The Broadmoor hotel’s aquatic, fitness, and recreation center, is working on cost projections and operating plans. Plans call for one 18,000 gallon… Continue Reading Manitou adds mineral pools

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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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