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Year in review: Residential real estate

December 6 Sale of apartments largest in Springs history A California-based real estate firm announced it has completed the $54 million purchase of a 322-unit multi-family development in the Briargate area of Colorado Springs. Privately held Passco Companies LLC broke the news in a release that its acquisition of Vue21 (formerly known as Alexan at… Continue Reading Year in review: Residential real estate

Year in review: 2013

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Year in review: 2013

The year of 2013 was an interesting, exciting and in many ways positive year for Colorado Springs and the Pikes Peak region. The economy continued crawling toward stability, showing positive trends in both the commercial and residential real estate and potential for sustained job growth. The aerospace and defense sectors are at a crossroads, with… Continue Reading Year in review: 2013

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Year in review: Health care

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Hospitals receive kudos Like many other comparable, ambitious hospitals, Penrose-St. Francis Health Services earns its fair share of national and state-level recognition. But some of those honors mean more, and that’s the case now as Penrose-St. Francis has been named one of the top 50 cardiovascular hospitals in the nation by Truven Health Analytics. “It’s… Continue Reading Year in review: Health care

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Year in review: Legal matters

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September 3 Court: Argent, Friese borrowed $12 million … then didn’t pay it back Former Colorado Springs banker and resident Chad Friese and his firm, The Argent Company, borrowed nearly $12 million from dozens of individuals and their retirement accounts, but did not pay it back, according to court documents. A civil lawsuit filed in… Continue Reading Year in review: Legal matters

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Year in review: Real estate

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August 27 Flying off the shelves If someone put a home on the market in Colorado Springs, chances are good it sold within two months. As of the end of June, single-family homes spent an average of 62 days on the market, the lowest number since June 2006, when the Pikes Peak Association of Realtors… Continue Reading Year in review: Real estate

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Year in review: Downtown Colorado Springs

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Year in review: Downtown Colorado Springs

Businesses change, merge, move Some businesses in downtown Colorado Springs experienced ups and downs this year. Businesses closed their doors, expanded, at least one signed a one-year lease, and others merged. “We’re always disappointed to see any business leave downtown,” said Laurel Prud’homme, director of communications for the Downtown Partnership, after Bruegger’s Bagels, 132 N.… Continue Reading Year in review: Downtown Colorado Springs

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Year in review: Tourism

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Year in review: Tourism

Tourism endured another tough year with Mother Nature’s unkind antics. Recent weeks, though, have buoyed the industry with promises of a smoother future, as the City for Champions proposal received full funding from the Colorado Economic Development Commission on Dec. 16 and City Council restored the Colorado Springs Convention & Visitors Bureau’s full $2.6 million… Continue Reading Year in review: Tourism

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Year in review: Marketing

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After realizing the economy had regained some stability, business owners remembered to return to marketing, finding creative ways to promote their services and products.   November 21 Clever marketing first defines core values Marketing needs to start internally, first, before one ever goes public with a message. And that impetus should come from the top.… Continue Reading Year in review: Marketing

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Year in review: Accounting

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In the accounting and tax sector, new repair regulations, safe harbor laws and Affordable Care Act compliance issues brought business owners scrambling to comply, keeping certified public accountants busy with research and aiding clients.   October 18 Repair regulations set to affect small business Burying your head in the sand won’t make the new federal… Continue Reading Year in review: Accounting

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Year in review: Banking and finance

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Year in review: Banking and finance

For banking and finance, local industry was characterized by intense competition, bank-hopping executives, relationship-building, Frank-Dodd Act compliance challenges and, finally, the return of lending.   January 10 National spotlight: Pikes Peak National Bank recognized Robin Roberts took a seat under some bright lights and the video cameras started rolling. Roberts, president of Pikes Peak National… Continue Reading Year in review: Banking and finance

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