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Intel building under purchase contract

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The 1.4 million-square-foot Intel facility at 1500 Garden of the Gods Road is under contract to be purchased. Following a due diligence site visit last month, Industrial Realty Group of Los Angeles submitted its proposal to Intel, and a September closing is anticipated, said Grubb & Ellis Quantum Commercial Group broker Michael Palmer, marketing representative… Continue Reading Intel building under purchase contract

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Colorado Springs drivers may have their kamikaze moments, but they have apparently racked up some impressive safe driving statistics. In fact the city ranked tenth in the country according to the latest Allstate Insurance Co.’s “America’s Best Driving Report,” released this week. The safest driving city in the country was Sioux Falls, S.D. where the… Continue Reading Springs makes its way onto Safest Driving City list

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Colorado Springs’ code enforcement department is proposing to charge all rental property owners $1 per housing unit to pay for a registration program that will track property ownership.  The department will gather public comment during two meetings scheduled for 6 p.m. July 14 at the Falcon Division Community Room, 7850 Goddard St. and 6 p.m. July… Continue Reading City mulls charging landlords $1-per-unit fee

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Colorado Springs’ economic performance amid the recession ranks No. 41 of the 100 largest U.S. cites, according to a Brookings Institution study about the economic downturn’s impact on urban America. Denver ranked No. 39. In its “Metro Monitor” report, released this week, the Brookings Institute assessed how the recession has affected big-city employment, wages, gross… Continue Reading Springs ranks 41st among nation’s 100 biggest cities

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Three Colorado Springs-based firms were named to the state’s 2009 list of “Fifty Colorado Companies to Watch.” The standouts included Braxton Technologies, Inc., a command and control company that provides GPS signal to satellites for military and commercial use; Elope, a costume accessory designer and manufacturer; and Combat Training Systems, which makes explosive device simulators… Continue Reading Three Colorado Springs companies named to Top 50 list

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Four El Paso County projects are being considered for water and wastewater improvement efforts paid for by the American Recovery and Reinvestment Act. The $60 million in projects are scheduled to start construction by the end of September – but not all of the 87 proposals on the list will receive money. Only about 30 projects will ultimately… Continue Reading El Paso cities on short list for stimulus project money

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The Inasmuch Foundation will award $119,300 in grants to 11 local nonprofit organizations.   “In these difficult economic times, we believe it is imperative to support nonprofit organizations that recognize the importance of utilizing limited resources efficiently tonsure the continuity and, when possible, the expansion of services,” said Robert Ross, president and CEO of the… Continue Reading Inasmuch awards grants to 12 Springs nonprofits

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City starts business tax amnesty program

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City tax collectors have created an amnesty program to ease the tax burden for business owners who are delinquent – and bring in some much needed revenue for the city. Starting today, business owners who have not paid taxes have until Aug. 14 to enter an agreement that will allow them to pay a 6-percent… Continue Reading City starts business tax amnesty program

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Springs’ home values hold fairly steady

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Once again local home values profiled favorably when compared to Denver or to other states, at least based on results of the latest Standard & Poor’s/Case-Schiller Home Prices Index survey. Denver saw a 5.1 percent decline in home values from January 2008 to January 2009, but the single-digit result paled in comparison to the other… Continue Reading Springs’ home values hold fairly steady

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Editor’s note: In recognition of CSBJ’s 20th anniversary, every week during 2009 we’ll publish stories that appeared in the paper during its inaugural year. The following stories appeared during March 1990. To share your memories of Colorado Springs business happenings from 1989-90, visit www.csbj.com and click the 20th Anniversary Blog link. Commercial Federal Omaha-based Commercial… Continue Reading Looking back on 20 Years of the Colorado Springs Business Journal

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