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IRS has $110 Million in unclaimed returns

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The Internal Revenue Service is looking for 115,478 taxpayers who are due refund checks worth about $110 million. The checks were mailed but returned as undeliverable. The refund checks, averaging about $950 each, can be claimed as soon as taxpayers update their addresses with the IRS. Some taxpayers have more than one check waiting. “The… Continue Reading IRS has $110 Million in unclaimed returns

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The level of outstanding commercial and multifamily mortgage debt grew by 3.4 percent during the second quarter of this year, according to the Mortgage Bankers Association’s Federal Reserve Board Flow of Funds data. The 3.4 percent increase brings the total debt to about $3.1 trillion, an increase of $103.8 billion from the first quarter. Multifamily… Continue Reading Commercial investments grow 3.4 % in third quarter

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Bonds pass in Denver, Springs needs money

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Denver voters recently passed half a billion dollars worth of bond initiatives, including $70 million to pay for reconstruction of Boettcher Concert hall. So why does Colorado Springs have to moan and groan over even the slightest tax increase? Everyone around here knows that one of the biggest hurdles to getting any tax increase passed… Continue Reading Bonds pass in Denver, Springs needs money

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Pay gap between black, white families widens

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The income gap between black and white families has grown as pay for black men has decreased while pay for white women has increased, according to results of three studies released today. The studies are part of the Economic Mobility Project and compared racial pay differences as well as whether children are typically make more… Continue Reading Pay gap between black, white families widens

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Commercial development outlook positive

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Strong industrial markets, rent gains and a growing interest in medical office buildings brought an upbeat perspective to the nation’s top commercial developers, despite concerns that the economy and property market fundamentals are losing steam. That’s according to the National Association of Industrial and Office Properties Vital Signs members’ survey. Doug Herzbrun, managing director of… Continue Reading Commercial development outlook positive

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If the Tomb of the Unknowns at Arlington National Cemetery is replaced, it will still be made from Colorado marble. The tomb has several cracks, which cemetery superintendent John Metzler said eventually will give the tomb a “shabby” appearance. The National Trust for Historic Preservation is aghast over the proposal to junk the Tomb of… Continue Reading Colorado marble to still be used for ‘Unknowns’

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Wealthy Americans have a lot more spending cash these days. A recent tally estimates that about 73 million U.S. households have discretionary income. That’s up from about 57 million during 2002, according to statistics from The Conference Board. But, nearly 78 percent of all that discretionary income is held by households earning more than $100,000,… Continue Reading Households with discretionary income up 16 million in four years

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Growth outlook bleak for manufacturers

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Manufacturing growth plans during the next 12 to 24 months Plan to expand business: 25% Yes 75% No Of those planning expansion: 21% Expand at current locations 20% Enhance customer service 18% Add new products 18% Add locations 11% Provide more services 8% Other 4% Acquisitions Small manufacturing companies don’t seem to be very optimistic… Continue Reading Growth outlook bleak for manufacturers

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Good news, for a change, for building industry

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Amid the daily reports about a continually sagging residential housing industry, commercial constructors say they have something to celebrate. The Associated General Contractors of America says Bureau of Labor Statistics numbers show that during the past 12 months, employment in the three nonresidential categories – nonresidential building, specialty trades, plus heavy and civil engineering –… Continue Reading Good news, for a change, for building industry

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Mountain states economy growing slowly

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Inflationary pressures remained elevated while the overall index for the Mountain States region slipped. The overall Business Conditions Index dipped to 63.3 from September’s 64.8 and August’s 77.7, according to the October Business Conditions survey of supply managers and business leaders in the three-state region. The employment index for the region plummeted to a still… Continue Reading Mountain states economy growing slowly

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