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Local bankers take a look at the year ahead

Here’s a look at what economists and bankers foresee for 2010. Equity markets and investing Slowly the economy will improve. But meanwhile, opportunities are already available for investors. “We’re expecting positive gross domestic product growth in 2010 — maybe in the 2.5 percent range,” said Jeff Savage, senior director of investments for Wells Fargo Private… Continue Reading Local bankers take a look at the year ahead

The biggest local story of 2009 was unquestionably the USOC deal. Here’s a recap of the stories that chronicled the unraveling, collapse and revival of the agreements between the U.S. Olympic Committee, LandCo  Equity Partners and the City of Colorado Springs. March: City drags feet On March 6th, a story appeared that asking why the… Continue Reading 2009 and the USOC deal

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Businesses opened, expanded in difficult 2009

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As we entered 2009, retailers had cause for worry. In the midst of the worst recession in decades, skyrocketing unemployment and a tight credit market forced consumers into save mode. Massive store closings hit the news in force and Colorado Springs was no exception as major anchor Macy’s shuttered its 105-employee outlet at The Citadel… Continue Reading Businesses opened, expanded in difficult 2009

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Springs looked for green opportunities in 2009

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As the country struggled to recover economically, many people placed hopes on green jobs and renewable energy. But big oil still has a role to play, even as stimulus money targeted new and alternative energy solutions during 2009. And as companies sought to reduce costs, sustainability became even more mainstream — and consumers learned to… Continue Reading Springs looked for green opportunities in 2009

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For office, industrial and retail brokers used to closing 30, 40 or 50 deals during the past three years, transaction volume downshifted by 20 percent or more during 2009. At the same time significant sublease space began to reappear in the market, especially along North Interstate 25 or in southeast Colorado Springs. The central business… Continue Reading Downshift: A look back at commercial real estate 2009

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