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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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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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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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