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Business Journal
DENVER
VOL. 64, NO. 6
online: denverbusinessjournal.com
JUNE 29JULY 5, 2012
AWARDS
2012 EOY
winners
profiled.
SECTION B
52 PAGES $5.00
T H E N AT I O N ’S O L D E S T W E E K LY B U S I N E S S J O U R N A L
on facebook: denverbusiness
Denver’s new zoning code delivers
■ In force for two years, the
new guidelines have led to
streamlined development and
lower costs.
BY DENNIS HUSPENI
DENVER BUSINESS JOURNAL
Two years after the City of Denver
overhauled its zoning code, developers and related businesses say the new
form-based codes are working well and
should encourage future development.
Goals for the new code included making the development process simpler,
less contentious and cheaper for developers. Form-based codes provide
a “plug and play” template for what
property owners and developers can do
with their land, according to real estate
experts.
Though the shaky economy has
slowed development activity, the numKATHLEEN LAVINE | BUSINESS JOURNAL ber of applications for projects sent to
Molly Urbina is interim manager, Community Plan- the city is picking up this year, said Molly Urbina, interim manager of Denver’s
ning and Development for the City of Denver.
Community Planning and Development department.
That lull may have worked to the city’s
favor as kinks in the 700-page zoning
code document continue to be ironed
out. But those changes seem to be minor, Urbina said.
The new code, which became law
June 25, 2010, replaced one on the books
for 54 years.
“The umbrella
RELATED NEWS:
goal was to encourWest Highlands age investment in
residents sue
Denver by way of
development and
over zoning
code concerns. redevelopment,”
said Urbina, who
A24
took over for former manager Peter
Park, who was instrumental in drafting the new zoning code but left Denver last August. “It minimizes risk by
making [zones] more clear. It helps
overcome doubt and creates clarity
and predictability.”
SEE ZONING | A24
Hardships no bar to workout chain
BY HEATHER DRAPER
The Denver-based Pure Barre exercise
franchise has experienced phenomenal
growth in just three years — but founder
Carrie
Rezabek
Dorr would like to
clear up any misconceptions that
she was an overPure Barre
night success.
Metro Denver
“This year, I’m
locations: Boulfi
nally
making
der, Westminster,
some
money,”
Cherry Creek,
Dorr said. “But I
Greenwood Vilstarted the comlage, Highlands,
pany more than
Lone Tree
a decade ago. I
Price for classes:
lived out of my
Ranging from
car. I nearly went
$23 for a single
bankrupt twice.
class to $340 for a
I’ve turned over a
20-class package
condo and a car.
deal (at most
It’s been a long
locations)
road.”
Website: Pure
Dorr, a dancer,
barre.com
choreog rapher
and fitness expert,
opened her first studio in the basement
of an office building in Birmingham,
DETAILS
Tech is hot
■ Companies boost retention
efforts for in-demand workers
with tough-to-find IT skills.
BY GREG AVERY
While much of the economy struggles
with stubbornly high unemployment,
many technology companies have been
fighting a different problem — keeping
employees from leaving for other jobs.
Certain technology occupations have
unemployment rates
far below the nation- HOW DOES the
al average. Workers jobless rate for
with specific skills in
mobile software de- tech jobs stack
velopment and com- up? See the chart
puter network archi- on A25.
tecture are in such
high demand and
short supply nationwide, companies are
making retention of staffers their highest
priority.
“For the really senior talent, there’s so
much opportunity,” said Rebecca Flavin,
CEO of Effective UI, a Denver-based company that designs user interfaces for websites and software apps. “It becomes really
challenging and even demanding to keep
them.”
Colorado’s unemployment rate was 8.1
percent in May. But for software developers, it’s less than half that rate — at 3.6
percent. And with more specialized skills,
unemployment rates are even lower.
A statistic in federal labor numbers is
even more telling to Ted Hellmuth, Denver division manager for Robert Half
Technology, a tech worker placement and
SEE WORKERS | A25
KATHLEEN LAVINE | BUSINESS JOURNAL
Carrie Rezabek Dorr is founder of Denver-based Pure Barre exercise franchise, which has grown to 80
locations since 2009.
Mich., in 2001. The studio had “no initial clients, staff, signage or even a bathroom,” according to the company’s website.
Since 2009, when Pure Barre became
a franchise company, it has grown to
nearly 80 franchise locations, and has
another 30 under construction. Dorr
SEE PURE BARRE | A26
THE GUIDE
An index to all the news found
in the current issue of the
DBJ. A2
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A2
| JUNE 29JULY 5, 2012
on twitter: denbizjournal
THE TOP STORIES AND FEATURES IN THIS WEEK’S ISSUE
BREAKING NEWS
did
you
know?
In the DBJ
BRIEFCASE: Company news from around
metro Denver. A16
DIGITAL DOCUMENTS: Electronic health
records aid patients, doctors. A3
NEWSMAKERS: New hires and promotions from around metro Denver. A17
AFFORDABLE OPTIONS: Mercy Housing
opens its latest development in Stapleton.
A3
CALENDAR OF EVENTS: A list of upcoming meetings and seminars around metro
Denver. A19
FOOD FOR THOUGHT: Josh Wolkon,
Vesta Dipping Grill at 15 years. A3
THE LISTS: Bank holding companies, A10;
mutual funds, A13
MONEY MATTERS: Q&A with head of
Colorado’s independent bankers. A5
SPECIAL REPORT
STORY UPDATE: St. Charles Town Co. refinances Sloans Lakefront Market deal. A6
WEEKLY FEATURES
STREET TALK: Bruce Goldberg’s column
on unique business ventures. A4
BIZBLOGS: A roundup of some of our
recent blog posts. A11
As a subscriber to the
Denver Business Journal,
you can see each week’s
print edition online as
early as 4 a.m. Friday?
GOOD WORKS: Denver-area businesses
THE INDEX
PEOPLE
A
So, if you’re out of town on
business, on vacation or you
just don’t want to wait for
your DBJ to be delivered in
the mail, you can read all our
content on your computer,
tablet or smartphone the
minute it comes out.
Aguilar, Irene . . . . . . . . . . . . . . .A7
B
Barker, Mark . . . . . . . . . . . . . . .A7
Bauer, Gary . . . . . . . . . . . . . . .A27
Bermudez, Dr. Ovidio . . . . . . .B13
Bisberg, Jeff . . . . . . . . . . . . . . . .B8
Bishop, Dr. Emmett . . . . . . . .B13
Books, Paul . . . . . . . . . . . . . . .A24
Brough, Kelly . . . . . . . . . . . . . . .A7
Bruner, Marc A. . . . . . . . . . . . . .A8
Buchanan, Brad. . . . . . . . . . . .A24
Buchen, Mike. . . . . . . . . . . . . . .B9
Buckey, Kerry. . . . . . . . . . . . . .A24
C
Just register as a print edition
subscriber on the
DBJ website at
www.bizjournals.com/
register/denver and sign-in.
And of course,
check our website,
denverbusinessjournalcom,
every business day for
breaking local and national
business news and for
information on the
DBJ’s signature events.
The path to success in
business starts with
knowledge. And local
knowledge is all in the DBJ:
In print... online...
and at our events.
Cadman, Bill . . . . . . . . . . . . . . .A7
Carrier, Dr. Willis . . . . . . . . . . . .B3
Clark, H. Craig . . . . . . . . . . . . . .A8
Craven, John . . . . . . . . . . . . . . .A8
Crosby, Chris . . . . . . . . . . . . . .A24
D
Dorr, Frank . . . . . . . . . . . . . . . .A26
Durand, Andre. . . . . . . . A25, B10
Durham, Mike . . . . . . . . . . . . . .B8
Durkin, Kelly . . . . . . . . . . . . . A29
E
Ender, Farrell . . . . . . . . . . . . . . .A6
Erixon, Jennifer . . . . . . . . . . . . .A3
F
Flavin, Rebecca . . . . . . . . . . . . .A1
Fred, Charles . . . . . . . . . . . . . A29
Fries, Michael . . . . . . . . . . . . . .B4
G
Ganahl, Heidi . . . . . . . . . . . . . . .B6
Getty, J. Paul . . . . . . . . . . . . . . .B3
Giron, Angela . . . . . . . . . . . . . .A7
Gleason, Tom . . . . . . . . . . . . . .A27
Griffith, John . . . . . . . . . . . . . .B16
Grommeck, Darrin . . . . . . . . . .A6
Groshek, Mark . . . . . . . . . . . . A29
Gunderson, Jim . . . . . . . . . . . . .A4
Gunderson, Louise . . . . . . . . . .A4
H
Haugen, Heather. . . . . . . . . . A29
Hellmuth, Ted . . . . . . . . . . . . . .A1
Henry, Curtis R. . . . . . . . . . . .A24
Hill, Napoleon . . . . . . . . . . . . . .B3
Huckstep, Shawnee . . . . . . . .B10
Hullinghorst, Dickey Lee . . . . .A7
I
Imbergamo, John . . . . . . . . . .A27
J
Jack Hays . . . . . . . . . . . . . . . . . .B7
Johnson, Bruce . . . . . . . . . . . .B11
Johnson, Dr. Craig Johnson . .B13
Jones, Glenn . . . . . . . . . . . . . .B14
K
Katechis, Dale . . . . . . . . . . . . . .B5
King, Keith . . . . . . . . . . . . . . . . .A7
King, Steve . . . . . . . . . . . . . . . . .A7
Knight, Gordon . . . . . . . . . . . . .B5
L
Labuda, Jeanne . . . . . . . . . . . . .A7
Larson, Matt . . . . . . . . . . . . . .B18
Larson, Melanie . . . . . . . . . . .B18
Lightner, James. . . . . . . . . . . . .A8
Litton, Andrew . . . . . . . . . . . .A11
M
Mask, Clate . . . . . . . . . . . . . . .B14
McDonald, Patrick R. . . . . . . . .A8
McNulty, Frank . . . . . . . . . . . . .A7
Mitchell, Helen . . . . . . . . . . . . .A8
Moberly, Tara. . . . . . . . . . . . . . .A4
Mulligan, Jim. . . . . . . . . . . . . .A24
N
Nicholson, Jeanne. . . . . . . . . . .A7
O’Quigley, Philip . . . . . . . . . . . .A8
O
Obama, Barack . . . . . . . . . . . . .A8
Ott, Katherine . . . . . . . . . . . . . .B6
P
Park, Peter . . . . . . . . . . . . . . . . .A1
Pecoraro, Dave . . . . . . . . . . . . .A3
Pittinsky, Matthew. . . . . . . . .B18
Porche, Mike . . . . . . . . . . . . . . .A3
R
Reutzel, Jack . . . . . . . . . . . . . .A24
Reutzel, Karen . . . . . . . . . . . . .A24
Rezabek Dorr, Carrie. . . . . . . . .A1
Ridens, J.C. . . . . . . . . . . . . . . . . .A8
Volume 64, Number 6
Barbara Walker heads the Independent Bankers of
Colorado. See the Q&A with her on A5.
lending a helping hand to the community.
A12
WEEK IN REVIEW: A roundup of breaking
news from denverbusinessjournal.com.
A14
Roberts, Oral . . . . . . . . . . . . . . .B3
Rogers, Mary Jane . . . . . . . . .A26
Romney, Mitt. . . . . . . . . . . . . . .A8
Russomanno, Briget . . . . . . . .A26
Rutherford, Sharon . . . . . . . A29
S
Sandgaard, Thomas . . . . . . . .B13
Selby, Matt. . . . . . . . . . . . . . . . .A3
Sgamma, Kathleen . . . . . . . . . .A8
Shadwick, Terry . . . . . . . . . . .B17
Shahnazarian, Tom. . . . . . . . . .A4
Sigler, Russell . . . . . . . . . . . . . .B3
Stephens, Amy . . . . . . . . . . . . .A7
T
Taylor, Matt . . . . . . . . . . . . . . .B17
U
Urbina, Molly. . . . . . . . . . . . . . .A1
V
Valeski, Jud . . . . . . . . . . . . . . .B15
Van Laanen, Peter. . . . . . . . . . .B8
VanderArk, Gary . . . . . . . . . . A29
W
Walker, Barbara . . . . . . . . . . . .A5
Wallace, Mark . . . . . . . . . . . . A29
Wallis, Rod . . . . . . . . . . . . . . . .A11
Wasoff, Evan . . . . . . . . . . . . . . .A8
Weiner, Dr. Ken . . . . . . . . . . . .B13
Woan, Jeremy . . . . . . . . . . . . .B16
Wolkon, Jen . . . . . . . . . . . . . . . .A3
Wolkon, Josh . . . . . . . . . . . . . . .A3
Woolley, Charlie . . . . . . . . . . . .A6
Wootten, Tom . . . . . . . . . . . . .A24
Z
Zichal, Heather . . . . . . . . . . . . .A8
COMPANIES
A
Abbott Laboratories . . . . . . . .B11
ADA Technologies Inc. . . . . . . .B8
ADA-ES Inc. . . . . . . . . . . . . . . . .B8
Albeo Technologies Inc. . . . . . .B8
Allied Waste Industries Inc. .B16
Alpine Waste & Recycling . . .B16
American Coal Council . . . . . . .B8
AOL Inc. . . . . . . . . . . . . . . . . . .B15
Archives of Internal MedicineA29
B
Baxter International Inc. . . . .B11
Bergen Philharmonic . . . . . . .A11
Blackboard Inc. . . . . . . . . . . . .B18
Blu Sky Restoration Contractors
Inc. . . . . . . . . . . . . . . . . . . . .B17
Boulder Chamber of Commerce .
B15
Breakaway Group, The . . . . . A29
Browning-Ferris Industries Inc. .
B16
C
Camp Bow Wow . . . . . . . . . . . .B6
Capmark Financial Group Inc. .A6
Carmel Cos. . . . . . . . . . . . . . . .A11
Carrier Corp.. . . . . . . . . . . . . . . .B3
Chipotle . . . . . . . . . . . . . . . . . . .A4
Clean Coal Solutions LLC . . . . .B8
Colorado Health Foundation A29
Colorado Symphony Orchestra . .
A11
Comcast Corp. . . . . . . . . . . . . .B14
Confio Software . . . . . . . . . . .B18
Corporate Express. . . . . . . . . . .A4
Crocs . . . . . . . . . . . . . . . . . . . . . .A4
CyraCom International Inc. . .B16
D
Dallas Symphony Orchestra .A11
Denver Art Museum . . . . . . . . .A4
Denver Metro Chamber of
Commerce . . . . . . . . . . . . . . .A7
DigitalGlobe Inc. . . . . . . . . . . .A11
Docufide Inc. . . . . . . . . . . . . . .B18
Duo . . . . . . . . . . . . . . . . . . . . . .A27
Durand Communications . . .B10
E
Eastman Kodak Co. . . . . . . . . . .B8
EatDenver . . . . . . . . . . . . . . . .A27
Eating Recovery Center LLC . .B13
Effective UI. . . . . . . . . . . . . . . . .A1
Exempla Saint Joseph Hospital .
A29
F
Falcon Oil & Gas Ltd. . . . . . . . . .A8
Forest City Stapleton Inc. . . A24,
A27
Forest Oil Corp. . . . . . . . . . . . . .A8
G
Gamma Two Robotics . . . . . . .A4
GE Healthcare . . . . . . . . . . . . .B11
GeoEye . . . . . . . . . . . . . . . . . . .A11
ENTREPRENEUR OF THE YEAR: Read
profiles of the 2012 winners and finalists.
Section B
THE VIEWPOINT
OPINION: Feeling ambivalent about WalMart. A30
OPINION: Colorado’s a model for Ukrainian energy plans. A31
Global Healthcare Exchange LLC
B11
Gnip Inc. . . . . . . . . . . . . . . . . . .B15
Goldman Sachs Group Inc., TheB8
Griffis Group . . . . . . . . . . . . . .A11
Guardian of Angels Foundation .
B18
Palisade Partners LLC . . . . . . .A24
Parchment Inc. . . . . . . . . . . . .B18
Ping Identity Corp. . . . . A25, B10
Polaroid Corp. . . . . . . . . . . . . . .B8
Pure Barre . . . . . . . . . . . . . . . . .A1
I
R
Independent Bankers of Colorado
A5
Infusionsoft Inc. . . . . . . . . . . .B14
Institute of Clean Air Companies
B8
J
Jabber Inc. . . . . . . . . . . . . . . . .B10
Johnson & Johnson. . . . . . . . .B11
Jones Intercable . . . . . . . . . . .B14
Jones International Ltd.. . . . .B14
Jones International University . .
B14
JPMorgan Chase & Co. . . A5, A26
K
Kaiser Permanente Colorado A29
L
Liberty Global, Inc. . . . . . . . . . .B4
Liberty Media International Inc.
B4
Lola . . . . . . . . . . . . . . . . . . . . . .A27
M
Medtronic Inc. . . . . . . . . . . . . .B11
Mercury Payment Systems . .B17
Mercy Housing . . . . . . . . . . . . .A3
Mind Extension University . .B14
Mizuna . . . . . . . . . . . . . . . . . . .A27
N
National Coal Council . . . . . . . .B8
National Geospatial-Intelligence
Agency . . . . . . . . . . . . . . . . .A11
NexGen Resources Corp. . . . . .B8
Nichols Partnership LLC . . . . .A24
Norit Americas Inc. . . . . . . . . . .B8
North Colorado Health Alliance .
A29
O
Opus Development Corp.. . . .A24
Oracle Corp. . . . . . . . . . . . . . . .B18
P
Paine Webber . . . . . . . . . . . . . .B4
Q
Qdoba . . . . . . . . . . . . . . . . . . . . .A4
RAIT Financial Trust . . . . . . . . .A6
RedPeak Properties LLC . . . . .A24
RNL Design Inc. . . . . . . . . . . . .A24
Robert Half Technology . . . . . .A1
Russell Sigler Inc. . . . . . . . . . . .B3
S
Sears, Roebuck & Co. . . . . . . .B16
Sisters of Charity of Leavenworth
Health System . . . . . . . . . . .A3
Skydex . . . . . . . . . . . . . . . . . . . .B9
SlimGenics . . . . . . . . . . . . . . . . .B6
Sloans Lakefront Market . . . . .A6
Snell & Wilmer LLP . . . . . . . . .A24
Spectrum Search Partners . . .A4
St. Charles Town Co. . . . . . . . . .A6
Steuben’s . . . . . . . . . . . . . . . . . .A3
T
TechWise . . . . . . . . . . . . . . . . .B10
U
U.S. Department of Health and
Human Services . . . . . . . . A29
U.S. Department of the Interior .
A8
U.S. Environmental Protection
Agency . . . . . . . . . . . . . . . . .B16
U.S. Small Business
Administration . . . . . . . . . . .B6
UnitedGlobalCom Inc. . . . . . . .B4
University of Denver. . . . . . . . .B8
V
Vesta Dipping Grill . . . . . . . . . .A3
W
Walmart Stores Inc. . . . . . . . . .B8
Waste Management Inc. . . . .B16
Western Energy Alliance . . . . .A8
Westword . . . . . . . . . . . . . . . .A27
WPD/Resource West Inc. . . . . .B7
Z
Zynex Inc.. . . . . . . . . . . . . . . . .B13
Copyright Denver Business Journal L.L.C., 2012. Reproduction or use, without permission, of editorial or graphic
content in any manner is prohibited.
Denver Business Journal (ISSN 0893-7745) is published weekly with an extra issue in December for $102.00
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Page Three
QUOTE OF THE WEEK
“I don’t think you can be an entrepreneur unless you have a little
daredevil in your DNA.”
Michael Fries, president and CEO, Liberty Global Inc., B4
JUNE 29JULY 5, 2012
|
A3
Electronic records helping to cut health care costs
BY ED SEALOVER
Denver health care providers are rapidly implementing electronic health records (EHRs), and it appears to be fulfi lling predictions of improved health care
and lower costs.
Doctors using EHRs report increased
rates of immunizations and of preventive
care, such as mammograms. Hospital officials say medication is being delivered
to patients quickly — and without lifethreatening errors. And a recent study
found that using EHRs cuts malpractice
suits against all levels of care providers.
“I’m not going to say that the health information technology system fi xes all the
ills of health care, but it helps clinicians
to do a better job,” said Dave Pecoraro,
senior vice president and chief information officer for the Denver-based Sisters
of Charity of Leavenworth Health System
(SCL). “When it comes to safety and quality, you’d like to have all the tools you can
have to make sure things are carried out
in a safe and high-quality way.”
Just 10 years ago, most doctors scrawled
patient health conditions on a pad and
tucked them into a drawer. Sometimes
they’d even log them into a computer,
though no one outside the hospital or
practice had access to those records.
Medicine was practiced as it had been for
centuries.
But as organizations examined how
to slow the skyrocketing costs of health
care — which now equal one-sixth of
America’s gross domestic product — they
identified things such as unnecessary, re-
petitive medical tests and inappropriately
administered medicines as cost drivers.
People realized that if all physicians
treating a patient had access to that patient’s medical record, mistakes would
lessen and their health would improve,
especially at a time when primary-care
doctors rarely are the main physicians
working with patients in a hospital.
While a number of practices began
studying EHRs around the turn of the cenSEE ERECORDS | A29
Mercy opens second Stapleton
affordable-housing project
BY DENNIS HUSPENI
It’s amazing what living in your own
place can do for one’s self-esteem.
That’s what Mike Porche, 52, discovered when he moved June 25 into the Bluff
Lake Apartments, the newest Denver affordable-housing development by Mercy
Housing.
“No way I’d ever thought I’d be living in
Stapleton. That’s way above my means,”
said Porche, who is on disability because
his knees are shot from years of construction work, and who had been alternating
between being homeless and living in
his mother’s Aurora home for the past 12
KATHLEEN LAVINE | BUSINESS JOURNAL years.
He pays $229 per month for rent, which
Jennifer Erixon, senior vice president of real estate development and asset management for Mercy Housing, inside a newly built unit at Bluff Lake Apartments, located at 10295 E. 31st Ave. in Denver. Residents is based on a tenant’s income. Other units
are set aside for tenants based on 60 percan move in this week.
cent of the average median income for
area residents.
Bluff Lake, a 92-unit complex at East
31st Avenue and Hanover Street, is Mercy’s second affordable-housing development in Stapleton, a neighborhood where
the median single-family home price is
$390,000 and the median condo sales
price is $237,690, according to Metrolist
data. The first was 68-unit Parkside, 7780
E. 23rd Ave., Denver.
“With Parkside, we were able to show
this doesn’t have to have a negative impact
on property values,” said Jennifer Erixon,
senior vice president overseeing Mercy’s
Colorado real estate development. “It’s
an important reminder that community
SEE HOUSING | A28
Unconventional founder leads Vesta to 15th year
BY ED SEALOVER
Josh Wolkon still has a hard time
believing he got the loan to open
Vesta Dipping Grill 15 years ago.
New to Colorado and to restaurant
ownership, Wolkon was a 25-yearold with an idea to start an eatery
specializing in skewers and fancy
dipping sauces in Denver — a city
lacking a culinary reputation.
But he gathered money from family and friends, then found a lender
who was a transplanted foodie from
San Francisco. She overlooked any
qualms about opening in the expensive Lower Downtown district and
pushed through a $200,000 Small
Business Administration loan.
Early on, executive chef Matt Selby noted, there were Friday nights
when “you could hear the proverbial pin drop.” And the restaurant’s
artistically designed chairs got in
the way of so many staffers and customers that an early Westword review dubbed the place “Vesta Tripping Grill.”
But eventually, people came in
droves.
And on July 19, Vesta Dipping Grill
will celebrate its 15th anniversary,
hosting a celebration not just of its
survival but also its recognition as
one of Denver’s most innovative and
‘I don’t think I had a good
long-term vision. I had a
very short-term-minded “I want
to own a restaurant.”’
Josh Wolkon
restaurant owner
influential restaurants.
Wolkon also opened the popular
Steuben’s six years ago with largely
the same executive team, and in
August he’ll debut an Asian-themed
restaurant and “pingpong joint” —
yes, a pingpong joint — called Ace,
next door to Steuben’s.
“I don’t think I had a good longterm vision. I had a very short-
term-minded ‘I want to own a
restaurant,’” said Wolkon, now 41.
“Looking back, I’m just grateful I
was in the right place at the right
time and surrounded myself with
good people ... Building a pingpong
place? That was never in my wildest
dreams.”
If there are lessons to be learned
about how Vesta and then Steuben’s
succeeded — and Selby, Josh Wolkon
and co-owner/wife Jennifer Wolkon
believe there are — they all come
down to one theme: connecting with
the surrounding community.
Jen Wolkon — who first met Josh
when he moved from Boston to
Boulder as a 24-year-old bar/restaurant worker, then followed him to
Vesta to be a part of the original wait
staff — said the “Vesta vibe” existed
from the start.
The restaurant’s management always were able to create a celebratory atmosphere that made customers feel a community sense of fun
— and strives to maintain that.
Restaurant consultant John ImKATHLEEN LAVINE | BUSINESS JOURNAL
SEE VESTA | A27
Josh Wolkon, owner, celebrates Vesta Dipping Grill’s 15th anniversary.
A4
| June 29-july 5, 2012
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Are Coloradans invested
more in play than work?
D
o Colorado workers take their jobs
less seriously than people elsewhere? Is work just a means to pay
for their mountain bike and skiing/snowboard fixes?
You should hear
what Tom ShahnazarStreet Talk
ian hears as he tries
to recruit executives
from around the
nation to come work
here.
Some folks from
New York, Chicago,
Los Angeles and elsewhere believe Coloradans don’t take work
as seriously as those
who toil elsewhere,
Bruce Goldberg
won’t work extra hours
and care more about
outdoors fun than work.
“I think there is a perception among
some of these folks that, yes, there is
a difference in the pace and the work
ethic is lighter, that people move here for
lifestyle reasons and work is less than a
priority,” says Shahnazarian, president
of Spectrum Search Partners, a Denver
recruiting company. “And they think talent is stronger on the two coasts.”
So there. Contemplate THAT the next
time you pretend to be accomplishing
something while spending hours with
your laptop at Starbucks.
Shahnazarian finds he must educate
these people, and has
been able to convince
many that the positives
outweigh the perceived
negatives. “Colorado is
home to a lot of successful young businesses as
well as companies that
are no longer young
and small — such as
Chipotle, Crocs and
Tom Shahnazarian
Qdoba,” he says. “And
that’s before you talk
about all the technology companies that
are here. And we have nine Fortune 500
companies.”
But he also acknowledges when Fortune 500 companies exit the state, it adds
to outsiders’ negative perceptions.
He also tells them about large, successful companies that began here, such as
Corporate Express.
About that alleged lax work ethic:
“We’ve seen recent studies that show
Colorado workers put in, on average, an
extra hour of work per week more than
their East Coast counterparts,” he says.
“There’s a certain bias or arrogance
in major cities when they’re looking for
opportunities in smaller cities, and overlook the fact that there’s a lot of talent
elsewhere,” Shahnazarian says.
ON PATROL: Louise and Jim Gunderson
created and built Vigilus, a security robot
that can detect problems such as temperature anomalies, smoke, water and
hazardous gases — and they’ll bring it to
market in the third quarter.
The Gundersons own Gamma Two
Robotics (gamma-two.com) in Denver,
and designed Vigilus to be a mechanical security guard, a reliable sentry who
can patrol such facilities as warehouses,
event centers, museums and art galleries at night. Each robot will cost between
$35,000 and $40,000.
“The security industry estimates it costs
a security company between $40,000 and
$60,000 to have a guard in that warehouse
every night for one year,” Gunderson says.
“Vigilus costs less than that.”
And for all you accountants out there,
“It’s a capital expenditure, not a head
count, and it depreciates,” he says.
He’s found pent-up demand for Vigilus. At trade
shows and elsewhere, “The one
thing we hear
most frequently
is, ‘How fast
can I get one?’”
Gunderson
says.
“There
are 1,500 to
2,000 unfilled
security guard
positions nationwide,” says
Gunderson, a
computer scien- The propotype of Vigilus.
tist; Louise is a systems engineer. “That
has been constant for a year. Even in the
middle of the recession, they couldn’t
hire enough people because the qualifications they need qualify these people
for better jobs.”
Gamma Two is marketing Vigilus with
ads in trade publications and running a
national marketing campaign.
“Vigilus was an outgrowth of feedback
we got at a consumer electronics show
with our home robot [named Basil]. We
were approached by two people with
large warehouses in the Nevada desert.
There were amazing problems they had
hiring enough guards to guard their
warehouses.” That was in January 2010.
The four-employee company funded
Vigilus’ development with money it made
from selling financial-analysis software,
which proved “very lucrative,” Gunderson says.
NO ETCH A SKETCHES, PLEASE: If you think “fine
art” means poker-playing dogs on black
velvet, then this isn’t for you.
But for those with higher tastes and
creativity, the Denver Art Museum
(DAM) offers a chance to display something at its facility.
DAM invites everyone to create “a solution to a design issue in their neighborhood” and to “transform an object or
material into something that makes their
neighborhood a better place.” The museum will display the designs in “Open For
Design: A DAM Community Challenge,”
which opens Aug. 4 in the Anschutz Gallery on level two of the Hamilton Building. It closes Sept. 2.
The submissions must fit into a 2-by2-by-2-foot space, and can be an object,
model, sketch or photograph. They’ll be
accepted Saturday, July 28.
“This will be our first exhibit with
everything being from the public,” says
Tara Moberly, communications associate at the museum. She cited possible
examples as being scrap wood converted
into a bird feeder, or taking tires and
making them into a planter.
We hope this works out better than some
Open Mike nights we have witnessed.
Info: denverartmuseum.org/
openfordesign.
Bruce Goldberg, associate editor, can be
reached at 303-803-9226 or bgoldberg
@bizjournals.com.
denver business journal
on twitter: denbizjournal June 29-july 5, 2012 |
online: denverbusinessjournal.com Walker: Colorado banks
in best shape since 2007
No Other Company Sells More
Luxury Homes in Colorado!*
Local Luxury Market Share
By heather draper
Denver Business Journal
The banking sector, especially in Colorado, appears to have turned the corner
and is on more solid ground financially
than it was from 2008-2011. In general,
banks’ capital levels have improved, and
the bad loans on their balance sheets
have declined.
But banks still face plenty of uncertainty: the ongoing European debt crisis, a struggling U.S. economy, increased
government regulation, historically low
interest rates holding down profits and,
on June 21, Moody’s downgraded 15 of the
largest banks in the world.
The banks grabbing the spotlight and
driving much of the regulation are the
largest ones that played the biggest role in
the financial crisis. None of those banks
is based in Colorado, yet the small community banks here are being affected in
their own ways.
Barbara Walker, executive director of
the Independent Bankers of Colorado,
offered the Denver Business Journal her
thoughts on the state of Colorado’s community banking sector, four years after
the nation’s financial crisis began.
Q: In general, how would you say Colorado’s banking sector is doing in 2012?
A: The banking sector is in the best
shape it has been in since 2007. This year
is going to be a good year for community banks in our state. Profitability has
improved significantly over the past few
years, although it is still below the boom
times. The majority of community bankers are upbeat and optimistic about the
future. All banks are aggressively seeking
new loans, but overall loan demand continues to be weak.
Q: What have community bankers done
since 2008 to improve their balance
sheets?
8.2%
Share
400
156
DOM
91.5%
SPLP
9.1%
Share
126
DOM
7.6%
Share
94.7%
SPLP
132
DOM
93.5%
SPLP
200
Kentwood
Coldwell Banker
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6.8%
Share
123
DOM
94.8%
SPLP
Re/Max
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When buying or
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©2012 Coldwell Banker Real Estate LLC. Coldwell Banker®, Previews®
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in U.S., July 2011 ***Forbes.com – January 14, 2011. Market Comparison
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Areas: Adams (5579), Arapahoe (8387), Boulder - IRES (3590), Denver
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Jefferson (7032). Days on Market (DOM). List Price to Sales Price (LPSP).
T:4.63”
S:4.63”
kathleen lavine | Business Journal
Barbara Walker heads the Independent Bankers of
Colorado.
From a community bank perspective,
Congress passed the Dodd-Frank Act to
correct the mistakes, mismanagement
and greed of the money center banks.
Community banking is one of the victims
of the financial crisis largely created by
Wall Street financial institutions.
A core financial issue we face as a country is having FDIC-insured financial institutions that are so big and so complex that
they are very difficult to regulate, and their
impact on our financial system and markets is potentially disastrous in the event of
their failure. The Independent Bankers of
America and its state affiliates, like the IBC,
secured many pro-community bank provisions in Dodd-Frank, yet unproductive federal regulations increase compliance costs
for community banks year after year.
Q: When giant JPMorgan Chase, considered one of the best managed banks in
the world, announced its $2 billion-plus
trading loss in May, it shook the financial sector and raised fears of a repeat
of 2008. Do community bankers believe
JPMorgan’s mistake will have political
ramifications when it comes to bank
regulation?
A: It will have no impact on how big
banks operate. New legislation cannot
eliminate the greed and stupidity of money center banks. New legislation may be
passed to rein in some Wall Street bank
practices, but all it will do is increase
regulatory burden, and those costs are
just passed on to consumers. No bank
that engages in that kind of investment
banking should enjoy FDIC insurance —
the full faith and credit protection of the
United States. But I can’t see Congress
getting this done.
Q: What will the increased regulation
and continued weak economy mean for
Colorado’s small banks going forward?
A: I expect continued industry consolidation, as the owners of many smaller,
closely held community banks have simply tired of the endless struggle to maintain compliance with ever-increasing, restrictive regulation.
What I find most ironic about the last
10 years of endless state and federal laws
to “fix” banking to “protect” consumers
is that the final result has been to drive
community financial institutions out of
business and leave the same number of
Wall Street banks, thereby reducing consumer and small-business choices, competition and innovation.
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B:10”
A: Since the 1960s, the community
banking industry has warned Congress
about the risks of too-big-to-fail financial institutions. Our industry was not
supportive of the 1999 repeal of the
Glass-Steagall Act, which had effectively
separated investment banking from commercial banking since 1933. The removal
of restrictions that allowed the melding
of banking, security sales and insurance
underwriting was pushed by the largest
financial institutions.
800
600
2011
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T:10”
Q: Bankers have been vocal critics of the
Dodd-Frank Act with its thousands of
pages of regulations. But Dodd-Frank
supporters say banks need to be reined
in. Some have suggested simply passing
a law similar to the Glass-Steagall Act,
to force big banks to get rid of their
investing banking arms. Where do small
community bankers stand on this issue?
Units
Sold
S:10”
A: Community banks that held concentrations in commercial real estate have
made strong efforts to reduce those concentrations, shrink their balance sheets,
work with struggling borrowers to restructure loans where possible, charge off
nonperforming loans, recognize losses,
sell non-earning assets, redeploy funds,
and, to the extent feasible, raise capital.
They also are reducing their reliance on
volatile funding sources and have been
building core deposit business. Community banks are well-positioned to move
forward and can once again focus on relationship banking.
A5
A6
| June 29-july 5, 2012
Reworked deal helps St. Charles Town avoid foreclosure
By Dennis Huspeni
St. Charles Town Co. has avoided a foreclosure on its Sloans Lakefront Market by
doing what many commercial developers
have done: refinancing the deal by bringing more equity to the table.
Foreclosure proceedings had begun
against the company, headed by Denver developer Charlie Woolley, although
it hadn’t missed a payment, and the
11-business property was generating income and was (and is) almost 100 percent
occupied.
Next, Woolley and CFO Darrin Grommeck got the original investors to reinvest in the project, injected some of St.
Charles’ own capital and found a lender
interested in Sloans.
“We don’t believe the foreclosure proceedings were necessary,” Grommeck
said. “We were in discussions to recapitalize it and believe we could have done that
without the taint of a foreclosure filing.”
Woolley, the company president, had a
stronger opinion: “We felt indignant because we had worked so hard to keep the
payments current and do the best things
for the property, keeping it well maintained, attractive and leased up. Then we
got punished.”
St. Charles, known for repurposing
old buildings for new uses, bought the
property in 2007 and developed it into
a 20,000-square-foot retail center at
2001-2045 Sheridan Blvd. in Edgewater. It
funded the project using a U.S. Treasury
Department program called New Markets Tax Credits (NMTC).
CGFR Subsidiary One LLC of Denver
held the loan, but funds also came from
private lender Capmark Bank, an affiliate
Kathleen Lavine | Business Journal
A new loan has kept Sloan’s Lakefront Market from being forced into foreclosure.
St. Charles Town Co. CFO Darrin Grommeck (left) and
president Charlie Woolley.
of Capmark Financial Group Inc. The Horsham, Pa.-based company once was one of
the nation’s largest commercial real estate
finance firms until it filed for Chapter 11
bankruptcy in October 2009. It emerged
from bankruptcy in September 2011.
The loan changed hands in the shifting
of Capmark’s assets during the bankruptcy, Woolley said.
The foreclosure was initiated because
of an alleged nonmonetary covenant
violation. Those are requirements the
borrower agrees to when taking a NMTC
loan. Woolley declined to provide specifics, citing a confidentiality agreement.
Using the new equity and its own money, coupled with financing from RAIT Financial Trust, based in Philadelphia, St.
Charles was able to pay off the original
$8.29 million loan.
The new $3.25 million loan came with
a 10-year fixed rate of 5 percent interest. RAIT will package the loan into a
commercial mortgage-backed security
(CMBS) offering.
“The project was attractive to us,” said
Farrell Ender, RAIT senior vice president.
“We liked the asset and we knew the
sponsor had a good reputation. But the
key component of this deal was that new
equity, investors recommitted to the deal.
They came to the table with more than $1
million.”
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Ender said there’s an appetite for
10-year loans, with a 5 to 6 percent fixed
rate, among lenders.
“Banks and other lending institutions are
coming to terms with borrowers,” he said.
“The values are getting reset and the deals
are getting refinanced. This St. Charles
deal is very representative of what’s currently going on in the marketplace.”
Woolley said St. Charles would do an
NMTC project again, despite the ordeal,
and learned much from the process.
“Money is out there for good projects,”
he said. “One of the things we’ve gotten
really good at is finding creative ways to
finance these deals.”
Mile High Chapter
JUNE 29JULY 5, 2012 |
Colorado lawmakers earn
high marks from chamber
for support of businesses
BY ED SEALOVER
Colorado legislators had a good probusiness session in 2012, with House
Republican leaders rated the highest, according to the Denver Metro Chamber of
Commerce’s new legislative scorecard.
The chamber is the only business organization to issue an annual scorecard,
with scores for each legislator determined
by their votes on 51 bills and one resolution the chamber had decided to support
or oppose.
It gave the Legislature a score of 75
percent in 2012. That was down slightly
from 78 percent in 2011
but far higher than the
58 percent score given
for the 2010 session,
which featured the socalled “Dirty Dozen”
tax-exemption suspensions and is considered
the toughest session for
business interests in recent memory.
Kelly Brough, presi- Kelly Brough is
dent and CEO of the president of the Denchamber, attributed the ver Metro Chamber of
2012 high marks to the Commerce.
split Legislature, where
anti-business bills coming from the Democratic-held Senate or Republican-led
House often are killed in the other body.
Of the nine Senate bills the chamber opposed, for example, five passed the Senate
and died immediately in a House committee, including efforts to ban employers from considering the credit history of
job applicants and to give state bidding
preferences to companies hiring locally.
Chamber CEO lauds legislative efforts
But Brough lauded the Legislature also
for passing job-creating legislation, such
as a measure to give an additional $4 million to an economic development incentive fund and a bill to remove legal barriers to companies considering developing
a spaceport in the Denver area.
Of the 32 pieces of legislation that the
chamber supported this past session, 19
bills and one resolution
passed — a successful
ratio of 62.5 percent,
she noted. In comparison, 19 of the 20 bills the
chamber opposed died
in the House or Senate.
“What our elected officials are recognizing
is that our voters care
deeply about jobs for
all Coloradans,” Brough
Amy Stephens
said. “It makes people
earned high marks
say: ‘I need to be aligned
in the chamber’s
with that.’”
scorecard.
The highest scores —
96 percent — went to
House Speaker Frank McNulty, R-Highlands Ranch, and House Majority Leader
Amy Stephens, R-Monument, as well as
Rep. Mark Barker, R-Colorado Springs.
McNulty and Stephens focused their caucus’ energy on a regulatory reform package that the chamber mostly backed.
Sens. Steve King, R-Grand Junction,
and Keith King, R-Colorado Springs,
earned the highest scores in their body,
WINNERS AND LOSERS: The Denver
Metro Chamber of Commerce ranked
Colorado legislators. Here’s the highestand lowest-scoring members of each
chamber.
HOUSE: HIGHEST
96%: Frank McNulty, R-Highlands Ranch
96%: Amy Stephens, R-Monument
96%: Mark Barker, R-Colorado Springs
HOUSE: LOWEST
62%: Jeanne Labuda, D-Denver
63%: Dickey Lee Hullinghorst,
D-Gunbarrel
SENATE: HIGHEST
94%: Steve King, R-Grand Junction
92%: Keith King, R-Colorado Springs
SENATE: LOWEST
70%: Irene Aguilar, D-Denver
70%: Jeanne Nicholson, D-Black Hawk
71%: Angela Giron, D-Pueblo
at 94 and 92 percent, respectively. Senate
Majority Leader Bill Cadman, a Colorado
Springs Republican who received the
lowest score in the Senate in 2011, was
tied for third this year after sponsoring or
backing several regulatory reform measures.
Maybe more telling
than the high scores was
the fact that the lowest
score among all legislators was the 62 percent
earned by Rep. Jeanne
Labuda, a Denver Democrat who sponsored a
chamber-opposed bill
to limit enterprise zone
tax credits to a maximum of $250,000 a year.
Jeanne Labuda
received the lowest In comparison, 24 legislators received scores
marks of any Coloof 25 percent or lower in
rado legislator.
2010.
The lowest scores in the Senate went to
Democratic Sens. Irene Aguilar of Denver
and Jeanne Nicholson of Black Hawk, at
70 percent each.
We are pleased to announce that
Mark S. Palmer
Managing Director – Investments
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Have joined our Denver, CO office.
Governor didn’t get graded
The chamber didn’t score the performance of Gov. John Hickenlooper. But
Brough noted that of the 20 chamberfollowed bills that he signed, the organization had opposed only one of them
— a measure that creates new incentives
for fi lmmaking in the state. Chamber officials believe that program will lead to
low-paying, unsustainable jobs.
“We’re pretty happy,” she said of Hickenlooper’s performance this past session.
Democrats will make a push to win
back the House this election season, while
Republicans will do the same in the Senate. The chamber doesn’t endorse candidates, but Brough said she hopes to use
the scorecard to educate business leaders
about their local candidates, and about
how checks and balances in the Legislature lead to better policy.
ESEALOVERbizjournals.com | 3038039229
A7
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©2012 Wells Fargo Advisors, LLC. All rights reserved. 0612-02419
A8
| June 29-july 5, 2012
Obama administration Forest Oil CEO leaves post
delays rules on fracking
By MARK HARDEN
By MARK HARDEN
The Obama administration has extended the public-comment period for
its proposed rules on the use of hydraulic fracturing in oil and gas operations,
delaying their implementation.
The rules would force energy companies to disclose chemicals they use
in fracking on public lands and also
calls for steps at wells to verify that fluids used during fracturing operations
aren’t escaping.
The U.S. Interior Department said
June 22 it’s extending the comment period on the rules another two months,
into mid-September.
The Denver-based Western Energy
Alliance issued a June 25 statement applauding the extension and renewing
its call that implementation of the rules
be suspended until their economic impact is studied.
Several energy groups and some
states had asked for more time to comment on the rules, which were proposed
in May.
Heather Zichal, top energy aide to
President Barack Obama, told reporters that the rules, which would expand
federal oversight of fracking, are still on
track and likely to be implemented before year-end, The Hill reports.
Hydraulic fracturing, or fracking, is
the technique of injecting water, chemicals and sand deep underground to
fracture rock and release trapped natu-
ral gas and oil.
The practice is criticized by some environmentalists and others who fear it
could contaminate groundwater and
may cause earthquakes. The energy
industry insists fracking is safe when
done properly and is vital to the nation’s
energy production.
The Western Energy Alliance — formerly known as the Independent Petroleum Association of Mountain States
(IPAMS) — represents some 400 independent energy companies. It and other industry groups argue that fracking
regulation is best left to the states.
“States have been successfully regulating [fracking] for generations, including on federal lands, with no incident of
contamination that would necessitate
redundant federal regulation,” Kathleen Sgamma, vice president of government and public affairs for the alliance,
said in a news release.
In a Colorado campaign appearance
in May, Mitt Romney, who will face
Obama in the November presidential
election, agreed that states should regulate fracking.
An Interior Department official told
Congress in May that the draft rules are
aimed at “improving public awareness
and oversight [of fracking] without introducing complicated new procedures
or delays in the process of developing
oil and gas resources.”
H. Craig Clark is no longer CEO at Forest
Oil Corp., which is saddled with debt.
It was the second C-level departure at
the Denver oil and gas company (NYSE:
FST) in June, following COO J. C. Ridens’
move to Great Western Oil and Gas Co.
Forest didn’t give a reason for Clark’s
departure from the post, which he had
held since 2003.
James Lightner, chairman of Forest
Oil, said in a statement that the company
wished Clark well in “his future endeavors.”
Forest had debt of $1.8 billion as of
March 31, more than twice its market value, Reuters reports.
The board named board member and
veteran oil and gas executive Patrick R.
McDonald as interim CEO while a search
is under way for a permanent successor to
Clark. McDonald, 55, does not want the
job permanently, the company said.
Recruiting firm Spencer Stuart is assisting with the CEO search.
Lightner said the company’s immediate
goal is to boost its oil and natural gas liqu
ids production.
McDonald is CEO, president and board
member at Carbon Natural Gas Co., and
previously held those same posts with Interenergy Corp.
Earlier in June, Forest COO Ridens left
the company to become president and
COO of Denver-based Great Western Oil
and Gas Co. It is an affiliate of The Broe
Group real estate company.
Falcon Oil moving headquarters to Dublin
denverbusinessjournal.com
Falcon Oil & Gas Ltd. will relocate its
headquarters from Denver to Dublin, Ireland, where the company’s new top executives are based.
The news of the relocation was first reported last week by The Irish Times.
Falcon Oil, which trades on the TSX
Venture Exchange as FO, employs a dozen
people in Denver. The company has about
half of the 11th floor in the south tower of
Denver Place, 999 18th St.
The office is scheduled to close by the
end of September, said Helen Mitchell,
Falcon’s communications manager.
COO Rod Wallis has resigned, effec-
A Night In New York
to benefit The Leukemia & Lymphoma Society
tive June 30. CFO Evan Wasoff has announced his resignation as well, effective
this summer.
Falcon has oil and gas assets in South
America, Hungary and Australia. The
company said its executive and finance
functions will be moved to Dublin while
technical functions will be done in Budapest.
Falcon in September named John Craven chairman and in April hired Philip
O’Quigley as CEO. Both men live in Dublin.
Falcon previously was run by Marc A.
Bruner, who resigned in November as
president, CEO and director.
They
Get it.
We congratulate our 2012 Man & Woman of the Year, Marc Paolicelli who raised $53,410
and Kelly Bar-Or who raised $58,218. Together 14 candidates raised more than $280,000
to fund blood cancer research and patient services.
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on twitter: denbizjournal June 29-july 5, 2012 |
online: denverbusinessjournal.com A9
A10
| june 29-july 5, 2012
on facebook: denverbusiness the list
Denver-Area Bank Holding Companies1
Ranked by total assets
Rank / Holding company name
Prior Headquarters location
Top local executive
1
2
3
4
5
6
7
8
9
10
11
12
13
14
FirstBank Holding Co.
15
16
17
18
First American Bancorp
19
20
21
22
23
24
25
Omega Capital Corp. / Front Range Bank
1
2
3
4
8
6
10
nr
11
13
12
15
16
17
18
19
21
20
23
nr
22
24
25
nr
nr
Lakewood / 303-232-3000
John Ikard, president, CEO
CoBiz Financial
Denver / 303-312-3400
Steve Bangert, chairman, CEO
Sturm Financial Group Inc.
Denver / 303-394-5000
Koger Propst, president
Guaranty Bancorp
Denver / 303-293-5500
Paul W. Taylor, president, CEO
Citywide Banks of Colorado Inc.
Denver / 303-365-3650
Kevin G. Quinn, president, CEO
Big Sandy Holding Co.
2011 Assets /
2010 Assets
(in thousands)
2011 Loans /
2010 Loans
(in thousands)
2011 Deposits /
2010 Deposits
(in thousands)
2011 Net income /
2010 Net income
(in thousands)
FTE2 /
Branches3
$11,597,148
$5,107,291
$4,427,225
$10,530,399
$9,643,452
$174,413
$163,644
1,936
130
FirstBank
$1,573,317
$1,558,603
$1,946,005
$1,921,005
$31,363
($666)
405
19
CoBiz Bank
$471,797
$667,737
$1,523,942
$1,522,922
$7,659
$18,021
486
40
ANB Bank, Premier Bank
$1,063,479
$1,171,711
$1,331,829
$1,480,915
$10,254
($28,540)
350
34
Guaranty Bank and Trust Co.
$636,903
$607,803
$866,659
$836,461
$4,411
$4,358
221
14
Citywide Banks
$758,654
$952,801
$929,085
$1,084,364
($32,693)
($57,258)
93
16
Mile High Banks
$515,112
$411,526
$531,379
$417,760
($1,232)
$3,858
117
8
First Western Trust Bank
$314,182
$329,527
$525,306
$492,711
$1,111
$1,810
180
10
The Home State Bank
$395,547
$425,598
$465,244
$417,954
$988
$1,475
93
18
Colorado Community Bank
$275,788
$247,393
$358,248
$329,722
$5,716
$4,401
50
4
Steele Street Bank & Trust
$159,778
$192,988
$322,375
$352,073
$1,824
($68)
46
1
Banker’s Bank of the West
$141,768
$201,228
$272,760
$292,180
($5,340)
($10,983)
117
10
The Pueblo Bank and Trust Co.
$167,005
$184,501
$228,624
$239,321
($1,750)
($7,893)
53
8
Millennium Bank
$123,487
$138,960
$220,920
$209,844
$509
$1,651
97
10
Valley Bank and Trust
$130,558
$144,064
$198,286
$176,102
$150
($857)
25
1
First American State Bank
$136,550
$116,596
$180,431
$163,523
$1,459
$251
54
4
Collegiate Peaks Bank
$42,081
$28,708
$177,839
$137,096
$2,774
$1,319
111
5
AMG National Trust Bank
$115,829
$129,044
$164,332
$165,073
$2,042
$2,052
54
5
The Bank of Denver
$83,662
$62,517
$117,226
$104,925
($838)
$0
32
5
Front Range Bank
$68,731
$24,639
$131,204
$76,162
($863)
($1,658)
27
3
Centennial Bank
$54,501
$57,647
$121,386
$113,595
$542
$397
25
1
Solera National Bank
$101,147
$107,766
$114,869
$109,679
($737)
$198
43
3
North Valley Bank
$65,608
$66,810
$92,870
$93,043
$971
($189)
19
2
Castle Rock Bank
$33,122
$41,427
$89,852
$88,455
$43
($142)
33
4
Evergreen National Bank
$43,546
$42,123
$78,977
$71,602
$1,745
($10,287)
15
3
FlatIrons Bank
$10,384,792
$2,372,399
$2,339,174
$1,905,347
$1,895,542
$1,687,800
$1,867,535
$989,322
$961,942
$957,092
Longmont / Limon / 303-772-2227
Daniel L. Allen, chairman, CEO
$1,145,716
First Western Financial Inc.
$625,063
Denver / 303-531-8100
Scott C. Wylie, chairman, CEO
Home State Bancorp
Loveland / 970-203-6100
Harry Deveraux, president
$496,899
$599,068
$565,671
Washington Investment Co.4
$528,539
Yuma / 970-848-3838
Patrick Lynch, president
$533,982
Steele Street Bank Corp.
$399,694
Denver / 303-376-3800
Brian R. Wilkinson, president
Bankers’ Bank of the West Bancorp Inc.
Denver / 303-291-3700
William Mitchell, president, CEO
Pueblo Bancorporation
Pueblo / 719-545-1834
Michael Seppala, president, CEO
Millennium Bancorp.
Edwards / 970-569-3633
Craig H. Sakin, interim president
Valley Bancorp Inc.
Brighton / 303-659-5450
James J. O’Dell, chairman; Donna O’Dell Petrocco,
president, CEO
Greenwood Village / 303-694-6464
Jay Davidson, founder, chairman, CEO
Columbine Capital Corp.
Buena Vista / 719-395-2472
Charles J. Forster, president
AMG National Corp.
Englewood / 800-999-2190
Earl L. Wright, co-founder, CEO, chairman
Denver Bankshares Inc.
Denver / 303-572-3600
Eugene Rock, chairman
Lakewood / 303-989-1313
Brian M. Soeldner, president, COO
CIC Bancshares Inc.
Centennial / 303-680-1600
Kevin Ahern, president, CEO
Solera National Bancorp. Inc.
Lakewood / 303-209-8600
Douglas Crichfield, CEO, president
Citizens Investment Co.
Thornton / 303-452-5500
Chuck Johnston, president
Castle Rock Bank Holding Co.
Castle Rock / 303-688-5191
Thomas Miller, chairman, CEO
Evergreen Bancorporation
Evergreen / 303-674-2700
Dave Brewick, president
FBHC Holding Co.
Boulder / 303-530-4999
Kyle Heckman, president
Sources: FDIC reports and DBJ research
nr - Not ranked last year.
n/a - Not available.
Footnotes: 1. In order to qualify for this list, the holding company must have
a bank location in the seven-county (Adams, Arapahoe, Boulder, Broomfield,
Denver, Douglas and Jefferson) metro area, regardless of Colorado headquarters.
$369,770
$367,367
$387,791
$309,637
$332,931
$256,739
$273,272
$245,159
$232,977
$240,966
$219,882
$217,942
$196,204
$198,425
$156,838
$192,118
$192,533
$151,176
$135,610
$147,670
$86,649
$145,371
$140,162
$130,787
$128,617
$105,273
$104,216
$99,768
$98,189
$93,503
$86,167
Reporting institutions
2. Number of full-time equivalent employees. 3. ATM-only locations are not
included in the number of branches. 4. Carlile Bancshares of Fort Worth, Texas,
has entered into a definitive agreement in which it will acquire Washington
Investment Co.
can be obtained from the Business Journal’s designated partner company, Scoop
ReprintSource, at 800-767-3263 or scoopreprintsource.com. No other companies
offering similar services are affiliated in any way with the Business Journal.
Information for obtaining commemorative plaques, reprints or web permissions
phone 303-803-9223, email [email protected]
Researched by Connie Elsbury
June 29-july 5, 2012 |
on twitter: denbizjournal online: denverbusinessjournal.com A11
CSO’s new artistic leader wants to give CDs a spin
Our editors and reporters take you
inside business in our Denver BizBlogs.
Here’s a roundup of some of our recent
blog posts. Visit denverbusinessjournal.
com/news/blogs for more.
C
onductor Andrew Litton, who
already has 101 recordings to his
credit, would like to add CDs by the
Colorado Symphony Orchestra to his
discography.
Litton, who’s previously served as guest
conductor for the CSO, said he’s in talks
with an independent label about having
the orchestra record CDs. The musicians
sound better than what the audience at
Boettcher Concert Hall hears, he said.
“The only time you can really hear how
great they are is on recordings,” Litton
said at a June 25 press conference at
Boettcher. Litton has joined the staff of
the CSO as artistic adviser under a threeyear contract beginning Sept. 1.
The CSO has been recorded before, including for the Moody Blues’ 1993 release
“A Night At Red Rocks With The Colorado
Symphony Orchestra,” but Litton said
the Denver orchestra doesn’t have a long
discography.
“This is not to make money,” said Litton. Instead, he explained, a recording
would serve as a calling card for the orchestra to open doors beyond Colorado.
He said it “would be great” if the CSO
could record a CD next season.
Litton’s been music director for the
Bergen Philharmonic in Norway since
2003, and from 1994 to 2006 was music director for the Dallas Symphony
Orchestra. He recorded 27 CDs with the
Dallas orchestra. Litton also took that
orchestra far beyond Dallas, including
three European tours and five appearances at Carnegie Hall.
He would like to get the CSO to tour
as well, but doesn’t know how soon that
could happen. Litton said he hoped that
could happen in the 2014-2015 season.
“This orchestra never really plays away
games,” he said. “They always play home
games. The best way to get known as an
orchestra is to get out there where you’re
not known and not loved.”
BIZ blogs
R E AD M O R E AT D E N V E R BUS INE S S J O UR N AL .CO M
DigitalGlobe gets a leg up in rivalry
Colorado’s DigitalGlobe Inc. has
gained a federal funding advantage over
its rival GeoEye Inc. should the rival
satellite imaging companies restart their
corporate takeover duel.
Investors in GeoEye (Nasdaq: GEOY),
of Herndon, Va., have learned the National Geospatial-Intelligence Agency
granted it only a three-month extension
of its contract under the agency’s EnhancedView space-imaging program, for
as much as $40 million, and that another
$119 million in EnhancedView fund-
ing for GeoEye in the remainder of the
government’s 2013 fiscal year would be
based on the money’s availability.
The NGA also wants to renegotiate its
longer-term commitment to help GeoEye
pay for its next imaging satellite, GeoEye-2, the company announced.
GeoEye employs about 130 people in
Thornton. DigitalGlobe employs about
600 people at its Longmont headquarters.
On the other hand, during the week of
June 18, the NGA granted a full-year extension of DigitalGlobe’s EnhancedView
contract to supply satellite imagery for
nonclassified military and intelligence
purposes.
The extension under the existing con-
L. Wayne Hicks writes the Cultural
Attaché blog. Reach him at whicks@
bizjournals.com.
Covington on Cherry Creek sells for $47M
The Griffis Group of Denver has
continued its 2012 push to acquire more
multifamily assets with the recent purchase of The Covington on Cherry Creek
apartment complex in Denver.
The 384-unit complex at 2234 S. Trenton Way sold for $47 million, according to
property records.
Carmel Cos., doing business as Covington LLC, sold the Class A property.
Griffis plans more than $2 million
in capital improvements, according to
the company, by way of unit upgrades,
common-area improvements, security
fencing and landscaping.
Earlier this year, Griffis purchased the
Links at Legacy Ridge in Westminster for
$28.6 million.
The Covington purchase brings the
company’s portfolio up to 2,244 units in
the metro Denver area, and 1,100 apartments in Colorado Springs.
Dennis Huspeni writes the Real Deals
blog. Reach him at dhuspeni@bizjournals.
com.
We anticipate your
business’s financial
needs because to
us you’re a big deal.
You shouldn’t have to ask questions to get financial
guidance. At KeyBank, we believe in asking the questions.
We take the time to understand your needs, and look for
opportunities to help you reach your financial goals. And
because we’re in your community, we help you maximize
those opportunities. You’re a big deal. It’s about time you
had a bank that sees you that way.
Visit key.com/bigdeal to learn how
we’ll make you a priority.
Banking products and services are offered by KeyBank N.A. Member FDIC and Equal Housing Lender.
tract is key — it provides as much as $250
million a year to DigitalGlobe (NYSE:
DGI) if its imaging meets the technical
standards of the NGA.
The NGA’s smaller commitment to
GeoEye than to DigitalGlobe is big. Cuts
are looming for federal budgets in fiscal
2013, and they’ll be particularly severe
for defense agencies should Congress
allow automatic cuts to defense spending
to kick in at the end of 2012.
The two companies publicly offered to
buy each other in early May.
Greg Avery writes the Boosters, Bits &
Bioscience blog. Reach him at gavery@
bizjournals.com.
A12
| June 29-july 5, 2012
Home Depot Foundation
donates to VOA Colorado
T
New Ownership & Substantial
Renovation Planned
he Home Depot Foundation made a
grant of $100,000 to the Volunteers
of America Colorado Branch to help
homeless veterans. It’s part of $1.37
million in grants announced for 16 VOA
homeless veterans’ programs in 15 U.S.
cities. The Colorado branch will use
the money to help fund the building of
the Clermont Commons, a three-home
facility that will house up to 15 female
veterans and their children.
(Left to right) Colorado Casualty’s Mike Brewer, Brian Schiller, Rob Ronzio and Chris Wood clown around
during the Arapahoe House Golf Tournament. Golfers made extra donations at the “dress-up” hole.
FORE A GOOD CAUSE: Arapahoe House raised
$63,000 at its 12th Annual Teeing Off
for Arapahoe House Golf Tournament,
held June 18 at Arrowhead Golf Club in
Littleton. It drew 148 golfers. Sponsors
included Colorado Casualty, Encana
Natural Gas, Pinnacol Assurance, Flood
& Peterson, Lockton Cos., 1st Electric
Contractors, Adco General, Budget
Control Services, Chubb & Son, CNA
Insurance, Colorado Business Bank,
Ehrhardt Keefe Steiner & Hottman PC,
Hanover Insurance Group, St. Anthony
Hospital, The Hartford, Travelers Insurance and Xcel Energy.
CONFERENCE: The Sue Miller Day of Caring
With over 900,000 square feet available, 1801 California
offers efficient floor plates, flexibility and room to expand.
For leasing inquiries, contact:
Nick Pavlakovich
303.813.6438
[email protected]
Matt Gautreau
303.813.6424
[email protected]
breast cancer conference raised $50,000
to cover the expenses of the event, which
featured sessions about research, health,
nutrition and integrative care. Sponsors included Rocky Mountain Cancer
Centers, Safeway, Susan G Komen for
the Cure, Breast Reconstruction Matters.com, Singer Family Foundation,
Judy Ungerman Foundation, Macy’s, 3rd
Ave Studio, Brooks Ltd., Medline, NSO
Printing, Vollbracht Family Foundation,
California Pizza Kitchen, American
Cancer Society, Kim Wright Graphic
Design & Photography, Lancôme Paris
and Michael Guzofsky.
FOOD DRIVE: 9Cares Colorado Shares raised
32 tons of food and $35,745 in cash at its
summer food drive June 16. In addition,
9News and the Fort Collins Coloradoan
raised $14,623 for the American Red
Cross to help fire victims, firefighters and
their families through the Colorado Professional Fire Fighters Foundation fund.
FOR VETS: Groove Auto in Englewood
raised $20,000 — donating money from
each car sale from May 17-31 — for The
Home Front Cares, which provides emergency funds to Colorado military families. The Home Front Cares, a nonprofit,
has provided more than $3 million in
emergency funds to more than 2,000 active military families and recently retired
Iraq and Afghan veterans since 2001.
FIRE HELP: Verizon Wireless gave a $10,000
Good works
DENVER-AREA BUSINESSES HELPING OTHERS
disaster-relief grant to the American
Red Cross Mile High Chapter for help
with the High Park fire. That’s on top
of phones, data devices and wireless
network support for firefighters. The
company also set up a tent at The Ranch
in Loveland, where it supplies charging
stations, mobile Internet access, respiratory masks, sunscreen, bottled water and
more.
• Anthem Blue Cross and Blue Shield
in Colorado donated $10,000 to the same
chapter, also to help with relief efforts
for the High Park fire. The company also
revised its pharmacy guidelines in order
to help those who are or were under a
mandatory evacuation order.
FOR STUDENTS: NetApp, based in Sunnyvale,
Calif., donated a new network storage
system to Metropolitan State University of Denver. The system will make it
possible for students with disabilities to
do their classwork remotely rather than
have to travel to the campus to get it
done.
COMMUNITY SERVICE: Westwood College’s
Central Administration staffers — 127 of
them — donated more than 400 service
hours the week of May 21. It was part of
the Accrediting Council for Independent
Colleges and Schools Centennial Community Service Week. They volunteered
with Food Bank of the Rockies, Food for
Thought Denver, Junior AchievementRocky Mountain Inc., St. Anthony’s
Hospital and the Douglas-Elbert Task
Force. Westwood also donated $5 to the
Boys and Girls Club of America for each
volunteer hour served by staffers.
PAINT JOB: Denver-based Ireland’s Finest
Inc., a painting contractor, donated free
painting of the exterior of the New Jerusalem Missionary Baptist Church as the
winner of its “Hard Times, Soft Hearts”
contest. Benjamin Moore Paints donated
all the paint. Other contractors that
donated services were Burning Metal
Welding, Weaver Construction, Weaver
Custom Contracting, Genesis Exteriors,
Mile High Gutters, Signs by Tomorrow
and Denver Disposal.
NEW GARDEN: Veterans Green Jobs, Weston
Solutions Inc., YouthBiz and Engage
8 helped complete a 5,700-square-foot
community garden at 3280 Downing St.
The garden includes a courtyard with
a dedication to military veterans and
their families in the Five Points area. The
garden will produce fresh produce for the
Whittier, Cole and San Rafael neighborhoods.
RENOVATION: The Rocky Mountain College of Art + Design (RMCAD), Ikea and
Mary Knoll Fabric made donations, and
volunteers from RMCAD and Covergent
Technologies helped do the work of renovating Bridget’s Boutique, the clothing
distribution program of The Gathering
Place.
Compiled by Bruce Goldberg, Good Works
reports on charitable giving and volunteer work
by businesses and foundations. Email items to
[email protected].
THE LIST
JUNE 29JULY 5, 2012 |
A13
Denver-Area Mutual Fund Companies
Ranked by total net assets under management as of March 31, 2012
Rank /
Prior
Business name
Address
1
OppenheimerFunds Inc.
2
3
4
Janus Capital Management LLC
5
Marsico Capital Management LLC
6
Cambiar Investors LLC
7
8
9
ICON Advisors Inc.
1
2
7
4
3
5
8
10
9
Phone /
Website
6803 S. Tucson Way,
Centennial, Colo. 80112
303-768-3700
www.oppenheimerfunds.com
151 Detroit St.,
Denver, Colo. 80206
303-333-3863
www.janus.com
ALPs Fund Services Inc.
1290 Broadway, Suite 1100
Denver, Colo. 80203
303-623-2577
www.alpsinc.com
Denver Investment Advisors LLC / Westcore Funds
1225 17th St., 26th floor
Denver, Colo. 80202
1200 17th St., Suite 1600
Denver, Colo. 80202
2401 E. Second Ave., Fifth floor
Denver, Colo. 80206
5299 DTC Blvd., 12th floor
Greenwood Village, Colo. 80111
303-312-5000
www.denveria.com
888-860-8686
www.marsicofunds.com
303-302-9000
www.cambiar.com
800-828-4881
www.iconadvisors.com
Equinox Fund Management LLC
1775 Sherman St., Suite 2500
303-837-0600
Denver, Colo. 80203
www.equinoxfundmanagement.com
Freedom Funds Management Co.
1200 17th St., Suite 850
Denver, Colo. 80202
Sources: Lipper, a Reuters company; DBJ research
nr- Not ranked last year.
n/ap- Not applicable.
303-572-6990
Total net assets
as of March 31,
2012
($ millions) 1 /
number of funds
managed
$164,934
341
$94,052
270
$4,524
54
$3,445
19
$3,067
7
$2,731
8
$1,490
51
$865
13
$813
1
Equity funds
Total net assets
($ millions) /
number of funds
managed
Fixed-income funds
Total net assets
($ millions) /
number of funds
managed
Mixed-income funds
Total net assets
($ millions) /
number of funds
managed
$84,064
131
$72,044
140
$8,827
70
Darren Walsh, president, Oppenheimer
Funds Services
—
MassMutual Financial Group / Springfield,
Mass.
$73,046
186
$11,412
30
$9,593
54
Richard Weil, CEO
—
Janus Capital Group Inc. (JNS) / Denver
$4,432
48
n/ap
n/ap
$92
6
Ned Burke, CEO
—
ALPs Advisors Inc. / Denver
$1,562
14
$1,883
5
n/ap
n/ap
Todger Anderson, chairman, chief
compliance officer
—
employee owned / Denver
$2,553
6
n/ap
n/ap
$514
1
Tom Marsico, CEO
—
UMB Financial Corp. (UMBF) / Kansas City,
Mo.
$2,731
8
n/ap
n/ap
n/ap
n/ap
Brian Barish, president, chief investment
officer
—
employee owned / Denver
$1,386
48
$104
3
n/ap
n/ap
Craig Callahan, president
—
ICON Advisors Inc. / Greenwood Village
$22
3
n/ap
n/ap
$844
10
Robert J. Enck, president, CEO
—
Equinox Fund Management LLC / Denver
n/ap
n/ap
$813
1
n/ap
n/ap
Fred Kelly Jr., president
—
Carbon County Holding Co. / Rawlins,
Wyo.
Footnote: 1. The total net assets used in this ranking are comprised
of equity, fixed-income and mixed-income funds.
Information for obtaining commemorative plaques, reprints or web
permissions can be obtained from the Business Journal’s designated
Top local executive
—
Owner (ticker symbol), headquarters
partner company, Scoop ReprintSource, at 800-767-3263 or scoopreprintsource.com. No other companies offering similar services are
affiliated in any way with the Business Journal.
Researched by Connie Elsbury
phone 303-803-9223, email [email protected]
See how a small
batch of hops
became a big deal.
Our customers inspire us.
umb.com/stories
+ Commercial Banking & Lending
+ Treasury Management
+ Commercial Card
+ International Services
Boulevard Brewing Company
UMB Customer
Since 1991
Call us: 303.839.1300
A14
| JUNE 29JULY 5, 2012
WEEK IN REVIEW online
return “another serious warning sign for
retirees and taxpayers.”
DAILY NEWS FROM DENVERBUSINESSJOURNAL.COM
THURSDAY, MAY 21: Inflection Energy LLC,
a Denver-based natural gas exploration
company, says it’s raised $22 million
from private equity investors. The company is planning to drill in the Marcellus
shale formation in Pennsylvania.
The Colorado Avalanche will open their
2012-13 campaign Oct.
11 by hosting the St.
Louis Blues. The season
ends April 13 at home
against the Detroit Red
Wings.
Colorado insurers must pay $27.5 million back to customers because a number
of companies did not spend at least 80
percent of premiums collected on medical care, the U.S. Department of Health
and Human Services announces. About
121,000 Colorado families will get an
average of $227 each from insurers.
The cost of car repairs in Colorado is
down 9.7 percent from 2010, estimates
CarMD.com Corp. Colorado ranked No. 6
for the average cost of a repair, at $359.05,
which includes parts and labor.
Spectrum Pharmaceuticals Inc.
extends until July 9 its offer to buy the
outstanding shares of Colorado biotech company Allos Therapeutics Inc.
The deadline has been extended twice
already.
FRIDAY, MAY 22: Denver Mayor Michael
Hancock proposes exempting Denver businesses that buy new
equipment from paying
business personal
property taxes for up to
four years. The mayor
also wants to permanently end the city’s tax
limitations imposed by
the Taxpayer’s Bill of
Michael Hancock
Rights.
The U.S. Department
of Transportation will give Colorado $15
million to help pay for part of the cost to
add toll lanes along Interstate 25 across
Adams County. The $44.3 million project
involves extending a pair of special lanes
for toll payers, multi-passenger vehicles
and express buses on a six-mile stretch of
the highway between U.S. 36 and 120th
Avenue.
A new survey by Country Financial
reveals Denver-area residents are less
optimistic about their financial security
than they were two months ago.
MONDAY, JUNE 25: The U.S. Justice Department is questioning Dish Network as
part of its probe of whether online video
startups are being shortchanged in their
deals with TV networks compared to
satellite and cable companies.
The parent of the Denver-based Village
Inn restaurant chain is buying another eatery brand, J. Alexander’s Corp.
American Blue Ribbon Holdings LLC is
offering $72 million for the Nashvillebased chain.
Liberty Media Corp. wins a $950 million jury verdict against French media
company Vivendi Universal S.A. in a
lawsuit stemming from a 2002 sale of
USA Networks. Liberty Media received
shares in Vivendi as part of the sale
of USA Networks, but their value was
diminished when Vivendi’s finances fell
apart after the deal.
Ritz Camera & Image, parent of
Colorado’s Wolf Camera stores, fi les for
Chapter 11 bankruptcy protection. The
company, which owns seven stores in
Denver and Colorado Springs, is evaluating which of its 265 stores to close.
TUESDAY, JUNE 26: The latest S&P/CaseShiller Home Prices Index shows metro
Denver posted a year-over-year increase
in home prices for the fourth straight
month. Denver’s four consecutive
months of year-over-year price gains followed 18 months of declines.
Colorado Treasurer Walker Stapleton
warns the Colorado Public Employees’ Retirement Association’s lowerthan-expected 1.9 percent return on its
investments in 2011 will mean
the state’s unfunded pension
liabilities will continue to
grow. Stapleton calls
the rate of
video before the House Subcommittee on
Communications and Technology.
Forbes includes two Colorado cities
near the top of its new ranking of America’s best places for business and careers.
Fort Collins is No. 3 and Denver’s No. 5.
The National Association for Retail
Marketing Services says it’s moving its
national headquarters to Broomfield next
month from Wisconsin. The new office
will have a staff of three at first.
Rembrandt’s “Christ Presented to the People” —
previously owned by Shawn Merriman — has an
opening bid of $68,000.
The U.S. Marshals Service is auctioning off valuable artwork that once
belonged to convicted swindler Shawn
Merriman of Aurora, who was sentenced
to more than 12 years in prison for running a Ponzi scheme. Up for grabs are a
collection of paintings by the 17th century Dutch artist Rembrandt van Rijn.
Liberty Global Inc. announces a subsidiary and a group of investment funds
will acquire a cable company in Puerto
Rico. The deal will create the
largest cable service on the
island commonwealth.
The number of companies
operating in Colorado has
fallen for a fourth year, the
U.S. Census Bureau reports.
The annual report on business patterns counted 151,973 businesses
with paid employees in the state during
2010,down from 152,997 in 2009.
The Rocky Mountain Insurance Information Association says that hail storms
in Colorado during early June stand out
as the fourth most costly catastrophe in
the state’s history. The Greenwood Village-based organization estimates 69,842
auto and property insurance claims have
been fi led for a combined $321.1 million.
Richard Florida, author of the “The
Rise of the Creative Class, Revisited,”
picks Boulder as the most creative city in
America after analyzing 350 metro areas
using three measurements — technology, talent and tolerance.
WEDNESDAY, JULY 27: Dish Network Chair-
man Charlie Ergen testifies before a
congressional subcommittee that rules
for broadcast TV networks need to
be overhauled. Ergen spoke
at a hearing about
the future of
Smashburger signs five franchise
deals to open a combined 44 restaurants
in New York, Boston, Philadelphia and
other markets. The Denver-based burger
chain, which opened its fi rst location five
years ago, now has 160.
An exploratory committee
“enthusiastically” recommends that
Denver make
a bid to host
the 2022 winter
Olympic Games. The committee voted
unanimously to recommend to Colorado
Gov. John Hickenlooper and Denver
Mayor Michael Hancock that the city vie
for the 2022 games.
Go to denverbusinessjournal.com and click
on “Get Morning Call & DailyUpdate” to
have the latest business news delivered to
your inbox every morning and afternoon.
ONLINE ADVICE
Aimee Cohen, owner and president of Cohen
Career Consulting, and Sarah Procopio, chief
strategy officer of Profit Builder, have written
this edition’s online business-advice columns.
They will be published July 2 at denverbusinessjournal.com.
If you’re looking for a job, don’t slow down just
because it’s summer, Cohen advises. She suggests ways to keep pushing your search.
The success of your direct-mail efforts depends
greatly on the quality of the mail shop you
hire, Procopio says. She offers advice on how
to ensure you’re working with a good one.
Check our website every Monday for the latest
columns from our contributors.
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June 29-july 5, 2012 |
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| June 29-july 5, 2012
NREL wins national awards for two inventions
Briefcase
A
new approach to air conditioning
and a three-junction solar cell that
holds the world efficiency record —
both developed at the U.S. Department
of Energy’s National Renewable Energy
Laboratory (NREL) in Golden — were
named among this year’s most significant innovations by R&D Magazine.
“These two R&D 100 awards honoring
our work in solar cells and energy efficiency demonstrate how NREL research
produces results that can be moved to
the marketplace,” NREL Director Dan
Arvizu said in a news release.
The two awards bring to 52 the number
of R&D 100 awards that NREL has won
since 1982.
One of the recent award winners,
the Desiccant-enhanced Evaporative
(DEVAP) Air-Conditioning Cycle, cools
commercial buildings at a small fraction
of the energy use of a traditional cooler,
releases far less carbon dioxide and could
cut costly peak electricity demand by 80
percent, according to NREL. Air conditioning consumes about 15 percent of the
electricity generated in the United States,
an NREL statement said.
The solar cell — called the SJ3 — uses
tunable bandgaps, lattice-matched architecture, and ultra-concentration tunnel junctions to achieve a world-record
conversion efficiency of 43.5 percent,
with potential to reach 50 percent.
Awards: Westmoreland Coal Co. (Nasdaq: WLB), based in Douglas County,
announced that its Texas Westmoreland
Jewett Mine was presented with the Railroad Commission of Texas’ 2012 Coal
Mining Reclamation Award for its stream
Co m pan y n e ws fr o m ar o u n d m e t r o d en v er
restoration project. The Jewett Mine is a
surface coal mine southeast of Dallas.
Steve Ells and Montgomery Moran, coCEOs of Denver-based
Chipotle Mexican Grill,
were named “Executive
of the Year” in Hospitality and Leisure and
received Gold Stevie
Awards at the 10th Annual American Business
Awards, which were
presented at a ceremony Steve Ells
in New York City.
Epilog Laser of Golden received the
2012 North American Customer Value
Enhancement Award from Frost & Sullivan, a business research & consulting
firm. The company makes optics-based
CO2 and fiber laser systems that can
engrave and cut wood, acrylic, plastic,
fabric, rubber and other materials. The
award honors the company for creating
value for its customers, with a focus on
improving the return on the investment
they make in its products.
Done deals: Agrebon Inc., a Louisville-
based company that is developing nitrogen fertilizer plants, has closed on a $1
million Series A preferred stock financing. With the assistance of its engineering partners, Agrebon is using a combination of off-the-shelf and proprietary
technology to develop small-scale plants
initially in North Dakota and Illinois.
The small scale of the plants enables
the use of renewable inputs for nitrogen
fertilizer production, such as biogas from
corn-ethanol plant waste or wastewater
treatment plants. The funding was provided by Leading Edge Angel Fund LLC
of Fargo, N.D.
The Aleut Corp. (TAC) of Alaska
acquired Analytica Group of Thornton.
Terms of the deal weren’t disclosed.
Established in 1984, Analytica Group is
a water-testing laboratory with offices
in Thornton, Anchorage, Fairbanks and
Wasilla, Alaska. Its monitoring program helps water utilities in Alaska and
Colorado fulfill industrial compliance
requirements. Analytica has played a vital role in providing clients with precise,
defensible baseline data. Jim Santmyer,
Analytica’s CEO in Thornton, will continue in an executive post.
Tech BizSolutions Inc. and PBC Inc.
have merged to form a new company
called ReliAscent LLC. Russ Farmer,
owner of PBC, and Brian Sperry, owner
of Tech BizSolutions, are the new owners.
Mike Anderson is the new CEO. ReliAscent provides accounting systems that
the federal government requires its small
contractors to use. It also offers expertise
in federal contract management and
federal acquisition regulations, among
other areas. Its offices are located at 5710
Flatiron Parkway, Suite B, in Boulder and
1777 S. Harrison St., No. 350, in Denver.
Impossible TV of Denver developed a
comprehensive campaign for the launch
of Discovery Communications’ newest channel, Destination America. The
brand-building production company developed a voice and tone for the network,
including a launch spot and numerous series promos, all of which reflect
the brand’s celebration of the nation’s
people, food and travel. The new channel
launched in late May.
Comer & Associates LLC of Boulder
was retained by Boulder Community
Hospital to assist in drafting a market
plan for 2013. The hospital is working on
a 10-year comprehensive plan that will
result in a consolidated, main hospital at
the Foothills campus in east Boulder.
Openings: MBM Editing (www.mbmedit
ing.com) is a new business in Denver that
provides editors, writers and proofreaders with more than 20 years of experience
to improve the quality of documents
for professionals and students. Margie
Mushkin is president and executive editor.
The CareMeridian Specialty Rehabilitation and Nursing Facility opened at
5945 S. Wright St., Littleton.
A new website called LocalGiftCards.
com, which enables customers to support small businesses when purchasing
gift cards, has been launched by Smart
Transaction Systems Inc. in Boulder.
It’s a marketplace where consumers can
buy and send gift cards from businesses
all over the country — but all the brands
are small businesses. To buy a gift card
on LocalGiftCards.com, shoppers select
a state to see all participating businesses
in that area. They can send plastic cards
by mail, or send virtual gift cards by
email or text message.
Send Briefcase items to Sharon Wright, associate
editor, at [email protected].
presented by
The Social Madness media challenge is in full swing, take a look at this week’s head-to-head matchups.
It’s not too late to vote, follow, like, and connect to help your local favorite win!
Small companies
1-99 employees
Medium companies
100-499 employees
Large companies
500+ employees
USA Pro Challenge (1)
New Belgium Brewing Co (1)
FirstBank (1)
Cheribund (4)
SofTec Solutions Inc. (4)
DaVita (4)
Mills Force (2)
Ping Identity (2)
U. of Colorado Denver (2)
FantasyBest (3)
Citywide Banks (6)
Centura Health (3)
www.socialmadness.com
For official rules go to www.socialmadness.com/rules
June 29-july 5, 2012 |
on twitter: denbizjournal online: denverbusinessjournal.com Carrie Hadley
as architectural
intern.
DTJ Design Inc.
named principals
Chris Moore CEO
and Bill Campie
president.
News makers
Hires, Promotions from around metro denver
BANKING AND FINANCE:
Hilary Lewis Porter
Rick Alexander
Carrie Hadley
ARCHITECTURE:
Barker Rinker
Seacat Architecture hired Hilary
Lewis Porter as
project architect,
Rick Alexander as
job captain and
RMB Capital Management named
Lauren Husney a
client associate,
and Walt Melcher
vice president and
director of RMB
Retirement Plan
Solutions.
First Financial
Equity Corp.
named Karyn DeLuna and Jeff Elinsky vice president
of investments.
Premier
Members Federal Credit Union
added Peter Jansky II to its board
of directors and
reappointed Harvey Kamionka,
Michael Meyers
and Matt Rarden
to the board.
LenderLive
Network Inc.
named Joseph
Neamon vice
president of operations and Eric
Seabrook vice
president of client
management.
Darren Fisk
Johnson Capital
named Darren
Fisk managing director of its Denver
office.
First Commercial Bank promoted Shannon Perkins to manager
of its Highlands
Ranch branch,
and Jan Hagan to
customer service
representative and
mortgage loan assistant at the Lone
Tree office.
Monticello Associates Inc. named
Teng Huang director of quantitative research, W.
Christopher Doyle
an investment
analyst and John
Montgomery a
senior investment
analyst.
Tamara Bujakowski
Ken Botkin
CONSULTING: Q4B
named Carmen
Lapham director
of recruiting and
operations.
Greg Mears medical director of its
data management
products division.
Denver Health
added to its faculty Drs. Whitney
Barrett, Ryan
Borne, Margaret
Clarke, Jack Cunningham, Aaron
Murray and Joao
Teixeira.
ENERGY: SIGMA3 In-
HOSPITALITY: Tim-
tor of business
development, Ken
Botkin general
superintendent
and Mark Jackson
project superintendent.
tegrated Reservoir
Solutions named
Peter O’Connor
senior director of
business development.
Xcel Energy Inc.
added Richard
O’Brien (Newmont
Mining Corp.)
to its board of
directors, effective
Aug. 1.
ENGINEERING: Ols-
son Associates
promoted Megan
Orloff to associate
engineer.
HEALTH CARE: HCA-
Mark Jackson
CONSTRUCTION: RJM
Construction
named Tamara
Bujakowski direc-
HealthOne named
Richard Hammett CEO of The
Medical Center of
Aurora and Centennial Medical
Plaza.
Zoll Medical
Corp. named Dr.
A17
bers Hotel Denver
named Eric Garcia
sales manager.
Dana Faulk
Sage Hospitality
promoted Dana
Faulk to general manager of
Kachina Southwestern Grill and
Jerome Fosset to
general manager
of The Corner Office Restaurant +
Martini Bar.
INSURANCE: Van
Gilder Insurance
Corp. promoted
Vince Ciulla to
vice president.
MARKETING: 90octane named Diane
Melka human resources and training senior manager. The firm also
promoted Nicole
Johnson and Misty
Markley to account supervisors,
and Rosemary
Dempsey to director of storytelling.
NONPROFITS: LoDo
District Inc.
named Christopher Shears
(Shears Adkins
Rockmore Architects) board chairman and Robert
Grey (Denver
Money Manager
LLC) vice chairman.
AdvocacyDenver named Kaley
Day coordinator
of communications and grant
development.
REAL ESTATE: Zillow
Inc. added Scott
Nordby (Innovative Real Estate
Group) to its new
Agent Advisory
Board.
Peter Ferguson
RETAIL: Elements
named Peter Ferguson an account
executive.
TECHNOLOGY: Mega
Path promoted
Jeffrey Pearl to senior vice president
of sales.
Transzap Inc.
promoted Jim
Allison to vice
president of strategic marketing, and
named Michael
Weiss vice president of software
engineering.
BlogFrog named
Molly Theda
director of human
resources.
Newsmakers items
and photos can be
submitted online at
bizjournals.com/denver/potm/form. The
Newsmakers column
is limited to people
working in the Denver
area.
Nomination deadline is
5 p.m., Tuesday, July 3, 2012
The Denver Business Journal is seeking the most
outstanding health and wellness programs created
and implemented by local companies for our annual
awards event – Metro Denver’s Healthiest Employers.
The Healthiest Employers Award recognizes
companies that have made a commitment to
making wellness a reality for their employees. Those
companies proactively shape the health of their
employees. The award winners will be measured
using six core areas of workplace wellness.
To submit your nomination,
www.healthiestemployers.com/events/denver
For more information about the nomination
process, contact Connie Elsbury at 303-803-9223 or
[email protected].
Presenting Sponsor
A18
| June 29-july 5, 2012
If you get them
when everyone else gets them,
ARE THEY
REALLY LEADS ?
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New businesses, new building permits, real estate transactions,
lawsuits filed, get all this fresh information, while it’s still fresh.
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BUILDING PERMITS, COMMERCIAL . . . . . . . . . . . . . . . . . 22
BUILDING PERMITS, RESIDENTIAL. . . . . . . . . . . . . . . . . . 22
BUSINESS MEETINGS / SEMINARS. . . . . . . . . . . . . . . . . . .19
CONVENTIONS / CONFERENCES . . . . . . . . . . . . . . . . . . . . .19
COURT JUDGMENTS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
DEEDS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
Leads
FEDERAL TAX LIENS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19
FORECLOSURES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19
MECHANICS’ LIENS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
NEW LAWSUITS FILED. . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
RELEASES OF FEDERAL TAX LIENS . . . . . . . . . . . . . . . . . . .19
STATE TAX LIENS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
JUNE 29JULY 5, 2012 |
BOULDER COUNTY
CALENDAR
To submit Calendar items, email
Sharon Wright, associate editor,
at sharonwright@bizjournals.
com at least three weeks prior to
the event. Questions? Call 303803-9225.
CONVENTIONS / CONFERENCES
Among the upcoming events at
the Colorado Convention Center
(with 1,000-plus attendees
expected):
• July 2-7 — International Youth
Conference; 5,000 expected
• July 15-18 — School Nutrition
Association National Conference;
6,000 expected
• July 22-25 — American Correctional
Association; 5,000 expected
• July 31-Aug. 5 — Fire-Rescue
International Conference; 15,000
expected
• Aug. 13-16 — Colorado Oil & Gas
Association Energy Epicenter; 3,000plus expected
• Aug. 18-21 — American Sociological
Association Annual Convention;
6,000 expected
• Aug. 26-28 — National Association
of Chain Drug Stores Pharmacy
• Sept. 7-12 — Shop.org Annual
Summit; 3,000 expected
• Sept. 23-25 — American Society
for Healthcare Human Resources
Administration Convention; 1,000
expected
• Oct. 3-7 — National Association
of College Admission Counseling
Annual Conference; 5,500 expected
• Oct. 4-12 — American College of
Emergency Physicians 2012 Scientific
Assembly; 7,050 expected
• Oct. 14-16 — Association for
Operations Management Annual
Convention; 5,000 expected
• Oct. 15-19 — Urban Land Institute
Fall Meeting and Urban Land Expo;
6,000 expected
• Oct. 21-24 — Leading Age Annual
Meeting; 7,000 expected
• Oct. 31-Nov. 3 — Sweet Adelines
International Convention and
Competition; 8,000 expected
• Nov. 6-9 — EduCause Annual
• Nov. 15-17 — National Association
for Gifted Children Annual
Convention; 3,000 expected
• Upcoming conventions to be held
elsewhere:
• Sept. 12 — Colorado BioScience
Association’s BioWest Conference for
medical device and biotechnology
industries in the Rocky Mountain
region; at the Marriott City Center,
Denver
The Leads section is a compilation
of data obtained from a variety
of public and private sources.
Listings encompass Adams,
Arapahoe, Boulder, Denver,
Douglas and Jefferson counties.
Deed information is provided
by SKLD Information Services at
303-695-3850.
To purchase the information
listed with phone numbers call
877-593-4157, delivered via email.
FORECLOSURES
Key: (B:) Borrower,
(L:) Lender, (P:) Property,
(F:) Filed, (A:) Amount
ADAMS COUNTY
B: Kevin and Miriam Jones; L:
Wells Fargo Bank NA; P: 15483
E. 117th Ave., Commerce
City 80022-8758; F: 06/14/12
(70797); A: $314,244
B: Timothy and Jaelyn Gallert;
L: Bank Of America NA; P:
293 Montezuma St., Brighton
80601-4191; F: 06/14/12
(70803); A: $261,667
BUSINESS MEETINGS / SEMINARS
FRIDAY, JULY 6
All-Day Business Tax Symposium
Key details: The Colorado
Department of Revenue and
seven home-rule cities — Wheat
Ridge, Denver, Colorado Springs,
Lakewood, Westminster, Aurora
and Grand Junction — will offer the
tax symposium for businesses, tax
preparers, tax-exempt organizations
and anyone interested in learning
about Colorado sales/use taxes. The
symposium will feature sessions
covering such topics as sales tax
laws, the liabilities businesses face
when they aren’t in compliance
and myths surrounding sales and
use taxes — such as the incorrect
notion that zip codes can be used to
determine sales tax rates.
When/Where: 8 a.m.-5 p.m., Denver
City Center Marriott, 1701 California
St.
Cost: $99, includes CPE credits; preregistration required and must be
made by postal mail.
Info: www.TaxSeminars.state.co.us
Startup workshop
Key details: The Small Business
Chamber of Commerce’s Denver
IDEA Cafe Startup Workshop will
feature attorney Jody Heltenberg
speaking on “How I Started My Law
Practice.”
When/Where: 2-4 p.m., Charlie
Brown’s at the Colburn Hotel, 980
Grant St. in Denver.
Cost: Free
Info: www.SmallBizChamber.org
TUESDAY, JULY 10
“Be Your Own Boss” seminar
Key details: Score Denver’s Small
Business Basics program features a
seminar on “The Six Essentials for
Small Business.” This is a very basic,
introductory program for people
who are just thinking about going
into business, are starting to plan a
small business or trying to decide
if small-business ownership is right
or them.
When/Where: 4-7 p.m.; Center For
Innovation, 900 Auraria Parkway,
Denver
Cost: $25 online, $30 at the door
Info: www.scoredenver.org
B: Mitchell and Deonne Behm;
10279 Richfield St., Commerce
City 80022-0683; F: 06/14/12
(70755); A: $258,587
B: William and Collin Steeves;
L: JP Morgan Chase Bank
NA; P: 11709 Bradburn Blvd.,
Westminster 80031-5124; F:
06/14/12 (70771); A: $393,750
B: Christopher and Shonette
Fushimi; L: Bank Of America
NA Successor; P: 392 Las Lomas
St., Brighton 80601-4189; F:
06/14/12 (70782); A: $272,228
B: Tad Dilbeck and Deborah
Mihaltan; L: Federal National
Mortgage Assoc.; P: 11848
Idalia St., Commerce City
80022-9845; F: 06/14/12
(70790); A: $284,000
B: Gary Skogen; L: Everbank;
P: 4566 W. 110th Circle,
Westminster 80031-2021; F:
06/14/12 (70801); A: $273,847
B: Amnouy Keomany and
Vanalath Chaikhuang; L: Green
Tree Servicing LLC; P: 3564 E.
141st Drive, Thornton 806028870; F: 06/14/12 (70810); A:
$301,750
Featured event
Tory Johnson, a business speaker,
author and columnist, will bring
her “Spark & Hustle” national tour
to Denver on Tuesday, July 10. The
event, filled with business seminars,
will be from 9 a.m.-5 p.m. at the
Infinity Park Event Center, 4400 E.
Kentucky Ave., in Glendale.
Johnson will moderate the seminars,
led by such business experts as
Julie Aigner-Clark, founder of Baby
Einstein Co.; Nell Merlino, founder of Tory Johnson
Count Me In for Women’s Economic
Independence; Janet Rickstrew, co-founder of Tomboy Tools;
Holly Hamann, VP of marketing for BlogFrog Inc.; and Denon
Moore, founder of Cake Crumbs/The Denver Cupcake Truck.
Cost is $77 for early-bird registration; $20 more later. Tickets can
only be purchased online. Lunch and snacks will be provided.
Info: http://sparkandhustle.com.
WEDNESDAY, JULY 11
Discussion on Supreme Court ruling
on health care reform
Key details: Wells Fargo will host a
discussion led by Liliana Salazar,
its employee benefits compliance
practice co-leader, on “What’s Next
After the U.S. Supreme Court Ruling
on the Affordable Care Act.” She will
discuss the impact it will have on
business and group health plans,
and how employers can reduce the
financial impact. This is for CEOs,
CFOs, COOs and human resource
leaders at companies with 51 or
more employees.
When/Where: Registration at 11:30
a.m., program from 11:45 a.m.-1
p.m.; Wells Fargo Bank, 1700 Lincoln
St., The Hirshner Room, Denver
Cost: Free; lunch provided; RSVP by
July 6.
Info: Email debbie.snow@wellsfargo.
com.
Broomfield Business Resource
Forum
Key details: This is people planning to
open, sustain or expand a business.
A panel will discuss resources that
are available to help, with panelists
from such organizations as the
Broomfield Chamber of Commerce,
the new Broomfield Business
Resource Center, City and County of
Broomfield Economic Development,
Broomfield Economic Development
Corp. and the Small Business
Administration.
When/Where: 8-10 a.m.; Omni
Interlocken Resort, 500 Interlocken
Blvd., Broomfield
Cost: Free, but registration preferred
by July 9
Info: www.broomfieldchamber.com
B: Indigo Trails Owners
Association; L: HSBC Bank
USA NA; P: 1694 Bluebell
Drive, Brighton 80601-6524; F:
06/14/12 (70759); A: $275,500
B: Albert and Angela Tanghal;
L: Wells Fargo Financial
Colorado Inc.; P: 158 Paloma
Ave., Brighton 80601-8790; F:
06/14/12 (70774); A: $323,203
B: Melvin Gazloff; L: Bank Of
America NA; P: 11903 A St.,
Commerce City 80022-6224; F:
06/18/12 (70819); A: $292,350
B: Henry and Jaclyn Roelfsema;
34450 E. 25th Ave., Watkins
80137-7135; F: 06/18/12 (70824);
A: $285,000
B: Greg and Nichole Poppie; L: US
Bank NA; P: 5234 Snow Goose
St., Brighton 80601-5343; F:
06/18/12 (70836); A: $301,500
B: Larry and Laura Ottosen; L:
Aurora Bank FSB; P: 4394 E.
139th Ave., Thornton 806027027; F: 06/18/12 (70821); A:
$360,000
B: Phillip Esquibel; L: PHH
Mortgage Corp.; P: 1622 E.
100th Place, Thornton 802293948; F: 06/18/12 (70833); A:
$255,000
Board Bound
Key details: The Women’s Leadership
Foundation and the Colorado
Women’s Chamber of Commerce
Foundation will host a program to
help more women to get in board
positions at nonprofit and corporate
organizations.
When/Where: 5:30-7:30 p.m.;
Denver Museum of Nature &
Science’s Schlessman Lobby, 2001
Colorado Blvd.
Cost: Free
Info: www.cwcc.org
THURSDAY, JULY 12
Broomfield Business Resource
Center grand opening
Key details: The new business
resource center is designed to be
a “one-stop shop” for business
resources and services. Events will
include seminars, business advising
sessions and tours of the center.
When/Where: 9 a.m.-5 p.m., following
by ribbon-cutting ceremony at 5
p.m.; 2095 W. Sixth Ave., Suite 109,
Broomfield
Cost: Free
Info: www.broomfieldchamber.com
Mountain States Employers Council
program for new members
Key details: The MSEC, with more
than 3,000 members, is holding a
breakfast program to explain the
benefits of joining the organization,
such as “hands-on assistance”
available from its staff of HR
and training professionals, and
employment and labor attorneys.
When/Where: 8-9 a.m., MSEC Denver,
1799 Pennsylvania St., Denver
Cost: Free, includes breakfast
Info: To register, call 303-894-6732 or
email [email protected]
B: James Kirksey; L: BOKF NA
A National Banking Assoc.;
P: 2675 Signal Creek Drive,
Thornton 80241-1351; F:
06/18/12 (70837); A: $270,103
ARAPAHOE COUNTY
B: Steven Wilson/Michelle Wilson/
Eugene Wilson; L: The Bank
Of New York Mellon Trust
Co.; P: 5701 S. Aspen Court,
Greenwood Villa 80121-3915; F:
06/14/12 (1809); A: $1,000,000
B: Daniel Fair and Lee Luljak-Fair;
L: Wells Fargo Bank NA; P:
6726 S. Quantock Way, Aurora
80016-2487; F: 06/15/12 (1815);
A: $462,596
B: Stephen and Carol Neely; L:
S. County Road 133, Bennett
80102-8316; F: 06/18/12 (1821);
A: $283,000
B: Mary Walden; L: New York
Community Bank; P: 3809 S.
Elkhart St., Aurora 80014-4110;
F: 06/18/12 (1830); A: $413,500
B: Dennis and Kimberli Lonergan;
25460 E. Hinsdale Place, Aurora
80016-2198; F: 06/19/12 (1845);
A: $262,214
B: Andrew and Julie Spaulding;
L: Wells Fargo Bank NA; P:
1019 E. Easter Way, Centennial
80122-5206; F: 06/19/12 (1849);
A: $270,000
B: Young Suh; L: Bank Of America
NA; P: 6272 S. Billings Way,
Centennial 80111-6009; F:
06/19/12 (1846); A: $450,000
B: James and Andrea Starry; L:
E. County Road 2, Strasburg
80136-9541; F: 06/19/12 (1851);
A: $310,000
B: Rodney and Krystal McCoy; L:
Bank Of America NA; P: 2493
W. Peakview Court, Littleton
80120-3069; F: 06/20/12 (1859);
A: $753,000
B: Reed McDonald; L: Citibank NA
As Trustee; P: 6214 S. Datura
St., Littleton 80120-2640; F:
06/20/12 (1870); A: $348,600
B: Allen Schreiber and Lisa Mya;
L: Citimortgage Inc.; P: 7101 E.
Crestline Ave., Greenwood Villa
80111-1655; F: 06/20/12 (1868);
A: $999,000
B: Donald and Deborah Lebleu; L:
JP Morgan Chase Bank NA; P:
7798 S. Coolidge Way, Aurora
80016-5241; F: 06/20/12 (1871);
A: $448,000
B: Cameron Tyler; L: Bank Of
America NA; P: 572 Arapahoe
Ave., Boulder 80302-5827; F:
06/15/12 (26201); A: $333,700
B: Juaneta Miller; L: Wells Fargo
Bank NA; P: 4638 Starboard
Drive, Boulder 80301-3164; F:
06/18/12 (26203); A: $333,000
B: Robert and Jonna Palmer; L:
The Bank Of New York Mellon;
P: 1411 Zamia Ave., Boulder
80304-4416; F: 06/19/12
(26205); A: $608,000
B: Lawrence and Ann Marquis; L:
Ephesus Road, Longmont
80503-9034; F: 06/20/12
(26211); A: $331,900
BROOMFIELD COUNTY
B: Steven and Kayla Lucas; L: State
Farm Bank FSB; P: 13614 Plaster
Circle, Broomfield 80023-8200;
F: 06/14/12 (106); A: $259,601
B: Dale and Andrey Gonzales;
L: Citimortgage Inc.; P: 3360
Briarwood Drive, Broomfield
80020-5241; F: 06/15/12 (108);
A: $285,000
B: Steve and Kimberly Allen; L:
Bank Of America NA Successor;
P: 12598 Eliot St., Broomfield
80020-5494; F: 06/20/12 (115);
A: $256,715
DENVER COUNTY
B: Kerry Sims and Roger Manke Jr.;
L: HSBC Bank USA NA; P: 1700
Bassett St. No. 1604, Denver
80202-1935; F: 06/13/12 (1484);
A: $495,568
B: Inok Sagstetter; L: Deutsche
Bank National Trust Co.; P: 40
Madison St. No. U-102, Denver
80206-5444; F: 06/13/12 (1492);
A: $272,500
B: David Nowick; L: Bank Of
America NA; P: 630 Jersey St.,
Denver 80220-5320; F: 06/13/12
(1508); A: $387,667
B: Greg Noonan; L: HSBC Bank
USA As Trustee; P: 3000
Monaco Parkway, Denver
80207-2853; F: 06/13/12 (1543);
A: $287,920
B: Patrick MacClain; L: Bank Of
America NA; P: 4875 S. Monaco
St. No. 410, Denver 80237-3477;
F: 06/13/12 (1550); A: $340,000
B: Benjamin and Veronica
Harris; L: Bank Of America NA
Successor; P: 3030 S. Reed St.,
Denver 80227-3550; F: 06/13/12
(1502); A: $261,436
B: Jeorge and Carolina Chavez; L:
Bank Of America NA; P: 4601 W.
29th Ave., Denver 80212-1506;
F: 06/13/12 (1516); A: $279,632
B: James O’Brien; L: SunTrust
Mortgage Inc.; P: 3357 S.
Clermont St., Denver 802227222; F: 06/13/12 (1546); A:
$414,000
B: Maren McCleary; L:
Citimortgage Inc.; P: 1760
Bellaire St., Denver 80220-1049;
F: 06/13/12 (1558); A: $299,500
B: Paul Flick; L: Bank Of America
NA; P: 3416 Gaylord St., Denver
80205-4117; F: 06/15/12 (1570);
A: $304,286
B: Maria Villafana and Jesus
Martinez; L: Wells Fargo Bank
NA; P: 2203 Emerson St.,
Denver 80205-5126; F: 06/15/12
(1597); A: $259,214
B: Sean Tennant; L: The Bank Of
New York Mellon; P: 2972 S.
Fillmore Way, Denver 802106744; F: 06/15/12 (1584); A:
$680,000
B: Denis and Shay Tinling; L:
Antonio Corona Aka Tony
Corona; P: 3015 S. Akron St.,
Denver 80231-4604; F: 06/18/12
(1613); A: $270,000
B: Keith Hartigan; L: Wells Fargo
Bank NA; P: 1700 Bassett St. No.
1616, Denver 80202-1935; F:
06/18/12 (1621); A: $299,600
B: Zsolt Pap; L: Bank Of America
NA; P: 1896 S. Humboldt St.,
Denver 80210-3303; F: 06/18/12
(1609); A: $372,454
B: Lyall and Patricia Ryden; L: Bank
Of America NA; P: 1654 Fillmore
St. No. Al-1, Denver 80206-1550;
F: 06/18/12 (1615); A: $405,000
B: Michail and Marina Nihamkin;
L: Federal National Mortgage
Assoc.; P: 40 Madison St. No.
306, Denver 80206-5446; F:
06/18/12 (1622); A: $413,000
JEFFERSON COUNTY
B: Samuel and Gina Goldwater;
L: JP Morgan Chase Bank
NA; P: 10238 Christopher
Drive, Conifer 80433-8800; F:
06/14/12 (1309); A: $256,000
B: Wesley Snyder and Brianne
Kelly; L: The Bank Of New York
Mellon Trust Co.; P: 10546
Kipling Place, Westminster
80021-7319; F: 06/14/12 (1313);
A: $255,000
B: Janssen Cotton; L: Wells
Fargo Bank NA As Trustee; P:
571 Ridgeside Drive, Golden
80401-5711; F: 06/14/12 (1317);
A: $460,000
B: Eric Holzwarth; L: Wells Fargo
Bank NA; P: 7227 S. Yarrow
St., Littleton 80128-4349; F:
06/14/12 (1325); A: $284,827
B: Noelle Tarabulski; L: US Bank
NA; P: 14524 W. Dartmouth
Ave., Lakewood 80228-4897; F:
06/14/12 (1332); A: $650,000
B: James Glau; L: Bank Of America
NA; P: 7939 W. Ninth Ave.,
Lakewood 80214-4508; F:
06/14/12 (1345); A: $250,261
B: Larry Fanning Sr.; L:
Serendipity Trail, Evergreen
80439-9640; F: 06/14/12 (1850);
A: $1,475,000
B: Cynthia Daniels and Roy
Bloomer; L: JP Morgan Chase
Bank NA; P: 7388 Upham Circle,
Arvada 80003-3029; F: 06/14/12
(2468); A: $276,000
B: Martin Herburger and Sharon
Mowry; L: Wells Fargo Bank
NA; P: 26841 Hilltop Road,
Evergreen 80439-5439; F:
06/14/12 (1300); A: $259,500
B: Lawrence and Susan Fiduccia;
L: Deutsche Bank National
Trust Co.; P: 8774 Rudd Road,
06/14/12 (1311); A: $342,000
B: Nancy Smull and David White;
L: Bank Of America NA; P: 6597
S. Newland Circle, Littleton
80123-3751; F: 06/14/12 (1315);
A: $272,333
B: Roy Firestack; L: Bank Of
America NA; P: 7908 W. Harvard
Drive, Lakewood 80227-3212; F:
06/14/12 (1321); A: $309,053
B: Joseph and Victoria Matarazzo;
L: Bank Of America NA; P: 6250
W. Lakeridge Road, Lakewood
80227-3994; F: 06/14/12 (1329);
A: $1,500,000
B: Raymond Tuell; L: Wilmington
Trust Co. As Successor; P: 15401
W. Sampson Road, Littleton
80127-9501; F: 06/14/12 (1342);
A: $399,000
B: Charles and Deborah Gilmore;
L: Deutsche Bank National
Trust Co.; P: 10306 W. Idaho
Place, Lakewood 80232-5019; F:
06/14/12 (1349); A: $293,400
B: Eugene and Sheri Dorrance; L:
Deutsche Bank National Trust
Co.; P: 7156 Timbers Drive,
06/14/12 (2273); A: $547,000
B: Jaime Sandoval Granados; L:
Chase Way, Broomfield 800206811; F: 06/14/12 (2563); A:
$265,533
B: Scot and Laura Quick; L: Ocwen
Loan Servicing LLC; P: 14146
W. Cornell Ave., Lakewood
80228-5321; F: 06/14/12 (1301);
A: $417,000;
A19
Light Shine Inc., 1393 S. Santa
Fe Drive, Denver 80223,
$267,404, (941), reception no.
2012073757, 06/06/12.
Posh Maids LLC, 1742 Champa
St. Unit 3-D, Denver 80202,
$27,216, (1120/941), reception
no. 2012073759, 06/06/12.
Crimson Gold LLC t/a Crimson
and Gold Tavern, 2017 S.
Univeristy Blvd., Denver 80210,
$10,886, (940), reception no.
2012076386, 06/12/12.
Colorado DHCA Longmont
Professional LLC/Stephen M.
Perry, 1600 Stout St. Suite
600, Denver 80202, $18,346,
(1065/941), reception no.
2012076381, 06/12/12.
Palma Co. LLC, 2207 Larimer
St., Denver 80205, $10,023,
2012076385, 06/12/12.
Chriss Music Exchange Inc., 6487
Federal Blvd., Denver 80221,
$14,866, (1120), reception no.
2012076376, 06/12/12.
Precious Metals Resource LLC/
Joseph Lowry, 1550 Larimer
St. Suite 641, Denver 80202,
$14,981, (940/941), reception
no. 2012076384, 06/12/12.
Mile High Auto Electric Inc.,
4895 Washington St., Denver
80216, $19,781, (1120/940/941),
reception no. 2012076397,
06/12/12.
DOUGLAS COUNTY
Pretty Perfect LLC/Aspen Grove
Day Spa, 1501 Millbrook Court,
Castle Rock 80109, $47,095,
2012042063, 06/11/12.
JEFFERSON COUNTY
Paintball Adventures Inc., 4729 S.
Swadley St., Morrison 80465,
$135,132, (940/941), reception
no. 2012050385, 05/15/12.
Colorado AFLCIO/American
Federation of Labor & Congress
of Industrial Orgs, 140 Sheridan
Blvd. Suite 201, Denver 80226,
$33,250, (941/990), reception
no. 2012050416, 05/15/12.
Kelly R. Spencer, 11252 Harlan
St., Westminster 80020,
$53,989, (6672), reception no.
2012050415, 05/15/12.
RELEASES OF FEDERAL TAX
LIENS
ARAPAHOE COUNTY
FEDERAL TAX LIENS
Badger Excavating Inc., 6895 E.
Hampden Ave., Denver 80224,
$19,388, (941), reception no.
D2062675, 06/11/12.
Badger Excavating Inc., 2175 S.
Jasmine St. Suite 209, Denver
80222, $18,644, (941), reception
no. D2062677, 06/11/12.
Badger Excavating inc., 2175 S.
Jasmine St. Suite 209, Denver
80222, $77,273, (940/941),
reception no. D2062678,
06/11/12.
Cox Professional Landscape
Services/Kenneth K. Cox, 6800
S. Dawson Circle, Centennial
80112, $50,039, (941), reception
no. D2062686, 06/11/12.
ARAPAHOE COUNTY
DENVER COUNTY
Lafore Commercial Services
Inc., 15400 E. Fremont Drive,
Centennial 80112, $108,668,
(941), reception no. D2062669,
06/11/12.
HP Construction Inc., 2200 Tower
Road, Aurora 80011, $18,972,
D2062667, 06/11/12.
Adames Enterprises LLC/Veronica
Adames, 14303 E. Evans Ave.,
Aurora 80014, $15,383, (941),
06/11/12.
BOULDER COUNTY
Colorado DHCA Longmont
Professional LLC/Perry M.
Stephen, 1600 Stout St. Suite
600, Denver 80202, $18,436,
3228819, 06/12/12.
Produced Water Solutions, 2425
W. 1-25 Frontage Road, Erie
80516, $42,890, (941), reception
no. 3228822, 06/12/12.
Deborah E. Milot, 3500 Nelson
Road, Longmont 80503,
$120,815, (6672), reception no.
3228815, 06/12/12.
DENVER COUNTY
Artisan Kitchen Fabrication &
Design Ltd., 595 E. 56th Ave.,
Denver 80216, $22,253, (942),
06/06/12.
Creative Estates LLC/Carl A. Stull
et al., 6825 Broadway, Denver
80221, $70,344, (941), reception
no. 2012073766, 06/06/12.
Nancy Scruggs, 232 Dahlia St.,
Denver 80220, $15,014, (6672),
06/06/12.
Platte Group Inc., 1553 Platte St.,
Denver 80202, $33,148, (6721),
06/06/12.
KCJS-FM Enterprises Inc./
Freakys Gift Shoppe, P.O. Box
12126, Denver 80212, $61,753,
2012073770, 06/06/12.
Clayton & Associates PC, 4330 W.
37th Ave. Suite 100, Denver
80212, $14,897, (6721/940/941),
06/06/12.
$19,388, (941), reception no.
2012076402, 06/12/12.
$32,894, (941), reception no.
2012076404, 06/12/12.
Badger Excavating Inc., P.O. Box
101626, Denver 80250, $32,457,
2012076405, 06/12/12.
A20
leads
| June 29-july 5, 2012
on facebook: denverbusiness Optimal Home Care Inc., 3540
S. Poplar St. Suite 101, Denver
80237, $74,497, (940/941),
06/12/12.
DLC Landscape Inc., 123 Vallejo
St., Denver 80223, $37,300,
(941), reception no. 2012076417,
06/12/12.
Jefferson County
Dale S. Skinner, 11153 W.
Caley Ave., Littleton 80127,
$311,215, (6672), reception no.
2012050419, 05/15/12.
Glenn D. Groustra, 4478 S.
Alkire St., Morrison 80465,
$22,058, (6672), reception no.
2012050409, 05/15/12.
Stapleton Town Center Liquors
Inc. dba East 29th Wine &
Spirits, $519, (Unemployment),
06/11/12.
A Better Garden Maintenance
LLC, $9,901, (Unemployment),
06/11/12.
Four Winds Interactive LLC,
$10,231, (Unemployment),
06/12/12.
Ultimate Acquistion Partners LP,
06/12/12.
PM Kleaning LLC, $930,
(Unemployment), reception no.
2012076727, 06/12/12.
STATE TAX LIENS
Douglas County
Adams County
Colorado Tree Spade Services
Inc., $808, (Unemployment),
06/06/12.
Chansen Don Cheek dba Sears No.
05276, $668, (Unemployment),
06/06/12.
Teq Xperts LLC, $2,131,
2012040885, 06/06/12.
Bright Choice Basement Finishes
Inc., $1,304, (Unemployment),
06/06/12.
Rubbish Solutions LLC, $233,
2012000043503, 06/15/12.
Boulder County
Coal Creek Family Medicine PC,
06/07/12.
St. Andrews Yardscape, $1,755,
3228255, 06/07/12.
Secure Vantage Technologies
06/07/12.
Coachman Restaurant & Lounge
Inc., $172, (Unemployment),
06/13/12.
Pain Partners MD LLC, $3,146,
3229189, 06/13/12.
Denver County
J&S Audio Visual Communications
06/04/12.
Onyx Fulfillment LLC, $4,530,
2012071943, 06/04/12.
KS&S Inc./Cherokee Dining
on 12th Avenue, $2,675,
2012071944, 06/04/12.
Remote Business Services Inc.
dba RemoteBiz, $2,970,
2012071941, 06/04/12.
Hung Hoang, $15,882,
2012073191, 06/06/12.
Agneta LLC, $2,458,
2012073198, 06/06/12.
Elizabeth Painting Inc., $1,765,
2012073192, 06/06/12.
The Local LLC dba The Local,
$780, (Unemployment),
06/06/12.
Environment America Inc., $1,732,
2012073195, 06/06/12.
Posh Maids, $235,
2012073196, 06/06/12.
Spirit Relocation Inc., $566,
2012073194, 06/06/12.
Sharp Start II LLC, $4,668,
2012073190, 06/06/12.
Shazz Cafe LLC, $750,
2012073193, 06/06/12.
Julie Blackbirds New
Mexican Cafe LLC, $735,
2012073796, 06/07/12.
2620 Walnut Bar LLC dba
Casselmans Bar & Venue,
06/07/12.
Miami Computer Supply Corp.,
06/07/12.
Josge LLC dba Graphic Elements,
06/07/12.
Project PB&J LLC dba Dish Bistro,
06/07/12.
Kingsbridge Holding LLC, $1,921,
2012074208, 06/07/12.
Global 5 Resources LLC, $1,917,
2012074211, 06/07/12.
Unleaded Software Inc., $1,495,
2012074210, 06/07/12.
5280 Homes Inc., $3,338,
2012074213, 06/07/12.
Guild Associates LLC, $46,459,
2012074214, 06/07/12.
Metal Construction Resource
LLC, $3,227, (Unemployment),
06/11/12.
Big Papas BBQ Inc., $12,197,
2012075148, 06/11/12.
Jefferson County
JH Mueller dba ACIM
Personnel Services, $30,208,
2012051026, 05/16/12.
TT&T Employment Service Co.
dba ACIM Personnel, $30,208,
2012051025, 05/16/12.
Million Inns LLC dba Holiday Inn
Express Hotel & Suites, $2,348,
2012051027, 05/16/12.
Rocky Mountain Front
Range Services, $231,
2012051613, 05/17/12.
MECHANICS’ LIENS
Denver County
Claimant: Magnum Materials
of Colorado Inc., Contractor:
Thaten Construction Inc.,
$54,270, Owner: Circle K Stores
Inc./Thaten Construction
Inc./Whatever It Takes Co., on
property at 411 W. Florida Ave.,
Denver 80223, reception no.
2012071935, 06/04/12.
Claimant: eBuilding Service
LLC, Contractor: Mancka
Development Co., $12,685,
Owner: Ronald G. Kaiser
Separate Property Revocable
Trust, on property at 900
W. Alameda Ave., Denver,
06/06/12.
Douglas County
Claimant: Metco Landscape
Inc., Contractor: Provident
Construction Inc., $27,518,
Owner: Bellco Credit Union,
on property at 9220 Park
Meadows Drive, Lone
Tree 80124, reception no.
2012041335, 06/07/12.
Claimant: Rocky Mountain Premix
Inc., Contractor: Maverick Steel
Erectors Inc./Tammi Williams
dba Maverick Steel/Ronnie
A. Williams dba Maverick
Steel/Jerry W. Aaberg Sr. dba
Quality Concrete Specialists
et al., $14,255, Owner: The
Denver Dumb Friends League,
on property at 5540 E. State
Highway 86, Franktown,
06/11/12.
Claimant: Koldeway Electric Inc.,
Contractor: Horizon Retail
Construction Inc., $17,365,
Owner: Florida Sherwood
Forest LLC, on property at 103
Centennial Blvd., Highlands
Ranch 80129, reception no.
2012042040, 06/11/12.
DEEDS
Adams County
Bascom Regis Place Phase I LLC
to Green Leaf Regis LP, 588 San
Ramon Valley Blvd. No. 200,
Danville, Calif. 94526, Regis
Place I, $16,250,000.
Highland Properties 1110 LLC
to John and Carol Jewsbury,
12650 W. 64th Ave. No.
244, Arvada 80004-3893,
property at 5575 Logan St.,
Denver 80216-1757, Dykstra,
$3,069,900.
Family Dollar Stores Colorado
to Realty Income Properties
18 LLC, (no addresses shown),
Monticello, $1,605,000.
Family Dollar Stores Colorado
to Realty Income Properties
19 LLC, (no addresses shown),
Rocky Mountain Plaza,
$1,432,300.
Brookfield Residential Inc. to
Melody Homes Inc., 9555 S.
Kingston Court Suite 200,
Englewood 80112-6008,
Brighton Crossing, $1,045,000.
David L. Krieger to Bart
MacGillivray, 5245 Idylwild
Trail, Boulder 80301-3620,
property at 1420 W. 71st Place,
Denver 80221-7249, Royal
Crest, $952,300.
Glenda C. Lambert to Krock
Properties LLC, property at 915
Sharis Court, Bennett 801028625, Lambert Addition Block
2, $925,000.
Utes Real Estate Co. to RCS
Presidential Ridge LLC, 371
Centennial Parkway No.
200, Louisville 80027-1360,
Presidential Ridge, $900,000.
Lynda J. Finley to Steven Lee
Sharp Trust, property at 8236
E. 130th Circle, Thornton
80602-8476, Gleneagle Estates,
$815,000.
Utes Real Estate Co. to Belle
Creek Holdings LLC, property
at 10406 Belle Creek Blvd.,
Henderson 80640-7570, Belle
Creek, $775,000.
National Residential Nominee
Service to Chadwick M. and
Jennifer K. Hodges, property
at 11343 Decatur Court,
Westminster 80234-2689,
Ranch Reserve, $720,000.
Rodney L. and Audrey H. Rogers
to James T. and Patricia A.
Paquette, property at 4905
W. 107th Loop, Westminster
80031-1981, Legacy Ridge
West, $630,000.
Darrell D. and Maria V. Torres
to Chad D. and Stacy S.
Hestermann, property at
11731 Osceola St., Westminster
80031-5142, Bradburn,
$620,000.
Normax LLC to Shamuel Hills
Plaza LLC, 1193 S. Troy St.,
Aurora 80012-4819, property
at 10300 Washington St.,
Thornton 80229-2004, (no
description shown), $590,000.
Gordon Family Trust to Four
Brothers Demolition LLC, 7796
E. Napa Place, Denver 802372159, property at 15690 E. 33rd
Ave., Aurora 80011-1321, ATSI,
$550,000.
Melody Homes Inc. to Keith M.
and Kathann L. Seiler, property
at 14290 Lipan St., Westminster
80023-8434, Huntington Trails,
$535,900.
Murray and Kimberly Kennedy
to Gregory H. Johnson and
Andrea Barry Johnson,
property at 2787 W. 115th
Circle, Westminster 802344667, Ranch Reserve, $495,000.
Amy Hoferer to Jeffrey A. Carter,
Court, Westminster 802341746, Home Farm, $475,000.
Romeo and Amy Bandison to
Amanda Melby, property
at 4135 W. 116th Way,
Bradburn, $475,000.
Christina and Vincent Vu to Thanh
Cong and Minh Chau Hong
Nguyen, property at 6235
Tennyson St., Arvada 800036705, Bettini Gonzales Minor,
$463,000.
John Robert and Patricia A. Ord
to Justin Noll, property at 441
E. 134th Ave., Thornton 802411722, Rolling Hills, $450,000.
Country Manor Properties LLC to
Saisivm Lodging LLC, 1901 Rose
Ave., Burlington 80807-1549,
Watkins, $425,000.
Jeffrey and Michelle Searing
to Micah T. and Michelle L.
Strand, property at 10321
Tennyson Court, Westminster
80031-2320, Hyland Greens,
$409,000.
Andrea Barry and Gregory H.
Johnson to William C. and
Laura A. Fuller, property
at 3681 W. 101st Ave.,
Hyland Greens East, $397,000.
Van A. and Donna M. Miranda
to Jason Skolnick, property
at 1750 W. 129th Drive,
Village At Harmony Park,
$396,000.
Frieda Nancy Sanchez to Steven R.
and Misti M. Fortune, property
at 738 S. 15th Ave., Brighton
80601-3622, Shenandoah,
$394,000.
Leigh Ann Hayes to Sean M.
and Nicole M. Koon, property
at 12725 Kalamath Court,
Home Farm, $392,000.
Brad C. and Christina K. Coons
to Leann R. Ostheimer, 11624
Melody Drive, Northglenn
80234-2956, property at 1018
W. 127th Place, Westminster
80234-1775, Home Farm,
$390,000.
Lennar Colorado LLC to Arnold
A. and Ardyce R. Parks,
2597 Greensborough Drive,
Highlands Ranch 80129-2226,
property at 8511 E. 148th Lane,
Thornton 80602-5812, Heritage
Todd Creek, $387,100.
Sharon and Eric Brinkman to
David Prichard, property
at 2764 W. 119th Ave.,
Ranch, $385,000.
1717 Paris St. LLC to No
Boundaries Property
Investment, 9265 Lacrosse
Lane, Parker 80138-6833,
property at 1717 Paris St.,
Aurora 80010-2943, Marvel
Homes, $385,000.
Buy Out Co. LLLP to Chengkou
Kue, property at 11366 Quivas
Way, Westminster 80234-2619,
Ranch, $380,000.
Quentin and Jody Domsch to
April F. Shaver, property at
12950 Quivas Way, Denver
80234-2792, Village At
Harmony Park, $379,900.
Amy Darby to Jun and Jie Hong,
Court, Westminster 80031-7827,
Weatherstone, $378,000.
Mark W. Danielson to Adrian and
Kerri Peech, property at 13128
Logan St., Thornton 802411735, Rolling Hills, $374,000.
Scott A. and Vicki K. Caschette
to Douglas Wyatt and Cassie
Leigh Jones, property at 2862
E. 135th Place, Thornton 802411396, Signal Creek, $373,500.
Mario Montes to Steven Charles
and Thomas Shoppman, 1545
E. 31st Ave., Denver 802054487, property at 3380 W. 63rd
Ave., Denver 80221-1975, Aloha
Beach, $366,000.
Rebecca A. and Bryce J.
Whitesides to Jamie L. and
Michelle Judson, property at
13367 Kearney St., Thornton
80602-9251, Marshall Lake,
$355,000.
Mark A. and Carrie E. Foss to
John A. and Rosanna Ruffolo,
6 Granite Circle, Roswell, N.M.
88201-3301, property at 13310
Jasmine St., Thornton 806029215, Marshall Lake, $354,400.
Carrington Edwin Jr. and Karen
Jean Hardy Whitenton to Alan
J. and Carol M. McCormick,
Place, Westminster 80234-3190,
Legacy Ridge, $354,000.
Emil A. and Margaret Rinaldi to
Darsi Jan Neff, property at 3847
W. 103rd Drive, Westminster
80031-2453, Windings,
$354,000.
Colorado Community Bank to
BW Holdings LLC, 7991 Shaffer
Parkway Suite 200, Littleton
80127-3740, (no description
shown), $350,000.
Brent N. and Jamie M. Allshouse
to Shelly Duvall, property at
14709 Detroit Way, Thornton
80602-7320, Haven At York
Street, $350,000.
Good Start LLC to Cory J. and
Tiffany Thornton, property
at 13694 Cherry St., Thornton
80602-6973, Homestead Hills,
$350,000.
Arapahoe County
V3 Condos LLC to JKS Pak LLC,
10111 Inverness Main St. Suite
N., Englewood 80112-5729,
Inverness, $5,457,500.
US Bank to Steven C. Owsley,
property at 4301 S. Lafayette
St., Cherry Hills 80113-5941,
Cherrys Broadway Gardens,
$3,050,000.
Amy Wine Venerable to Martz
Revocable Trust, property at 23
Covington Drive, Englewood
80113-4144, Highline Meadows
In Cherry Hills, $2,400,000.
Gary R. and Sherry L. White to
John M. and Joy P. Stephens,
property at 2195 Cherryville
Road, Greenwood Village
80121-1508, Plaza Acres,
$1,934,000.
Christopher Tetzeli to James A.
and Theresa M. Rolls, property
at 4949 S. Birch St., Littleton
80121-2007, East Belleview,
$1,575,000.
Cheryl K. Koch to Stephen A. and
Joan E. Thompson, property
at 5595 S. Forest Lane,
Greenwood Village 80121-2117,
Preserve At Greenwood Village,
$1,485,000.
OPSB LLC to Gartrell Properties
LLC, 5697 Xenon Court, Arvada
80002-1313, property at
7500 S. Gartrell Road, Aurora
80016-4237, Saddle Rock East
Commercial, $1,295,000.
Pamela R. and Douglas W. Adams
to Jennifer Lynn Roybal,
property at 4681 S. Columbine
Court, Englewood 80113-7107,
Cherry Hills Farm, $1,250,000.
George M. Karl to Robin and
David Kehoe, property at 9142
E. Harvard Ave., Denver 802317647, Cherry Creek Country
Club, $1,050,000.
John C. Jr. and Mary Kristine
McMullan to James Michael
Buckley, property at 5750
Oak Creek Lane, Greenwood
Village 80121-1553, Green Oaks,
$1,049,000.
Gregory L. and Stefanie R. Cannon
to Michael J. and Angela
C. Miller, property at 4841
Christensen Drive, Littleton
80123-6585, Fox Hollow,
$930,000.
Patricia T. Moye to Jon M.
and Monica D. Greenfield,
property at 7257 S. Niagara
Circle, Centennial 80112-1570,
Homestead In The Willows,
$930,000.
Patricia A. Branson to Madison
Macht, property at 9556 E.
Orchard Drive, Greenwood
Village 80111-3501, Orchard
Hills, $875,000.
Elizabeth A. Burns to Henry
B.H. III and Dianne D. Ripley,
property at 5744 E. Oxford
Ave., Englewood 80111-1025,
Southmoor Vista, $863,900.
Dian I. True to Brian L. Pesch,
property at 7 Cottonwood
Lane, Greenwood Village
shown), $850,000.
Ronald L. and Roxie A. Antonio to
Daniel F. and Amy L. Feldman,
property at 5500 S. Franklin St.,
Plaza Acres, $750,000.
Gwenn B. Vicker to Douglas M.
Moore, property at 2255 W.
Jamison Way, Littleton 801203935, Freewood, $699,900.
John T. Milton Jr. Revocable
Trust to Jason and Kelly Land,
property at 4358 Christensen
Lane, Littleton 80123-6526,
Christensen Lane Estates,
$660,000.
Robert P. and James H. Nadorff to
Citywide Banks Colorado Inc.,
property at 10660 E. Colfax
Ave., Aurora 80010-5021,
Aurora, $645,000.
Andrew C. and Sarah E. Rogers
to Hal and Kareen Shapiro,
property at 6124 S. Moline Way,
Englewood 80111-5845, Cherry
Creek Vista, $640,000.
National Residential Nominee
Service to Forest R. and Annie
M. Sheppard, property at 7182
S. Ireland Way, Centennial
80016-1700, Antelope,
$635,000.
Rodney W. and Susan C. Penner
to Lloyd F. and Nancy R. Sweet,
property at 5001 E. Mineral
Circle, Centennial 80122-3840,
Heritage Greens, $625,000.
Gregory J. and Jayne P. Walerius
to Garry R. and Kimberly J.
Byers, property at 15 Doral
Lane, Littleton 80123-6635,
Burning Tree At Columbine,
$622,500.
Duane L. and Karen R. Haley to
James M. Slaggert, property
at 9550 E. Orchard Drive,
Orchard Hills, $622,000.
Michael and Annelise Oshins
to Xiu Juan Hou, property at
11696 E. Maplewood Ave.,
Englewood 80111-5826, Cherry
Creek Vista, $620,000.
Arthur L. and Janice E. Kedrie
to David E. and Lynn M.
Hutchinson, property at 6391 S.
Malaya St., Centennial 800162650, Meadows At Saddle Rock,
$615,000.
NT Construction LLC to Daniel
L. and Jessica D. Mortensen,
property at 24996 E. Geddes
Circle, Aurora 80016-5254,
Tallyns Reach, $608,200.
David T. and Joann Blackford to
Carl and Sandra A. Newton,
property at 7665 S. Trenton
Drive, Centennial 80112-2613,
Willow Creek, $600,000.
Susan W. and Mitchell D. Miller
to Min Li, property at 5930
S. Akron Circle, Greenwood
Village 80111-5216, Sundance
Valley, $590,000.
Gary E. and Colleen Keogh to
Jaye and Mary Kuchman,
property at 8 Columbine Lane,
Littleton 80123-6633, Village In
Columbine Valley, $578,300.
Thomas R. and Verneda L. Cronk
to Paul J. and Joanne Stephens,
1075 W. Seventh St., Colby, Kan.
67701-1713, property at (vacant
land), (no description shown),
$576,000.
CNL APF Partners LP to Alpina
Black LLC, 3550 S. Jason St.,
Englewood 80110-3491,
Englewood, $575,000.
H. Shaw and Janice K. Thomas to
Kenneth Diamond, property
at 10886 E. Crestline Circle,
Englewood 80111-3805, Hills At
Cherry Creek, $565,000.
Aragon Benenati Investments
LLC to SEP 2012 LLC, 5299 DTC
Blvd. Suite 815, Greenwood
Village 80111-3329, property
at 15552 E. Fremont Drive No.
B-101, Centennial 80112-6908,
FBC Industrial Condominiums,
$562,500.
Marc W. and Lynne E. Scarbeary
to Vance J. Sanders, property
at 5537 South St., Centennial
80015-4055, Piney Creek,
$546,000.
Ralph R. and Bonnie P. Sampson
to E. Dean and D. Ann Massey,
property at 25682 E. Indore
Drive, Aurora 80016-2468,
Tallyns Reach, $543,500.
Layton Lane LLC to Lisa Kosmiski,
2200 S. Adams St., Denver
80210-4912, property at 1552 S.
Leyden St., Denver 80224-1953,
Layton Lane, $535,000.
Pulte Home Corp. to Brent M. and
Samantha K. Leger, property
at 27403 E. Euclid Drive, Aurora
80016-2508, Southshore At
Aurora, $525,000.
Cameron J. and A. Jared Syke
to Brandon and Lisa Howell,
property at 6942 E. Costilla
Place, Centennial 80112-1110,
$514,000.
Lauren H. Senior to Kevin G.
and Vanessa N. Huston,
property at 7729 S. Glencoe
Way, Centennial 80122-3815,
John and Barbara Lane to Gina
L. Scheidt, property at 8012
S. Albion St., Centennial
80122-3900, Fairways Of South
Suburban, $500,000.
Brenda N. Newman to John L.
Griffith, property at 5824 S.
Hanover Way, Greenwood
Village 80111-3734, Sundance
Hills, $490,000.
Christopher H. and Maricruz
Robertson to Don M. and
Jennifer J. Candelaria, property
at 8240 S. Shady Grove Court,
Aurora 80016-7268, High Plains
Country Club, $490,000.
Arvind V. and Aruna A. Donde
to Patrick and Elizabeth
Coppinger, property at 6371
S. Geneva Circle, Englewood
80111-5437, Cherry Creek Farm,
$489,900.
Arkadiy Lvovskiy to Muraleedhar
Allareddy, property at 6183
S. Espana Way, Aurora 800163872, Tuscany South, $465,000.
Vincent P. and Julie Anne Vogel
to Deron Ohlarik, property at
26540 E. Arbor Drive, Aurora
80016-6123, Beacon Point,
$465,000.
Lennar Colorado LLC to Kenny W.
and Mary S. Duncan, property
at 25721 E. Orchard Drive,
Aurora 80016-6143, Beacon
Point, $464,900.
Daniel J. and Kimberley A.
Shockman to Clinton Ryan and
Rachael Marie Miller, property
at 1450 S. Bonnie Lane, Watkins
shown), $462,500.
Cort and Meghann Battles to
Lauren N. York, property
at 7113 S. Newport Way,
Centennial 80112-1613,
$461,500.
Lynn D. and Steven P. Miller to
David J. Egar, property at 11333
E. Cimmaron Drive, Englewood
80111-4007, Hills At Cherry
Creek East, $460,000.
Lennar Colorado LLC to William J.
and Tammie L. Elliott, property
at 8230 S. Blackstone Parkway,
Aurora 80016-7340, High Plains
Country Club, $450,000.
Ronald L. and Karen I. Newton
to Nathan F. and Ashley R.
Bole, property at 6472 E. Irish
Homestead Farm, $450,000.
Janice A. Gardner Revocable
Living Trust to Scott H. and
Whitney L. Cain, property
at 7741 S. Eudora Court,
Centennial 80122-3702,
Fifth Third Mortgage Co. to John
C. Skrzypek and Holly B. Miller
Skrzypek, property at 7724
S. Birch Court, Centennial
80122-3704, Heritage Greens,
$444,900.
Michael and Felicia Gaither to
Jay R. and Amy L. Wortham,
property at 5568 S. Jasper Way,
Centennial 80015-4228, Piney
Creek, $443,000.
Kevin Kennett to Zachary K.
and Arika Williams, property
at 7136 S. Quatar St., Aurora
80016-6026, Saddle Rock Golf
Club South, $440,000.
Sachin S. Chouksey to Pui Ki
Wong, property at 13797 E.
Weaver Lane, Centennial 801112436, Castlewood, $436,500.
Marion E. and Terri L. Gulley to
Glen E. and Heather L. Biron,
property at 24542 E. Ontario
Drive, Aurora 80016-4124,
Tallyns Reach North, $430,000.
Charles S. and Robin Keach to
Matthew and Sarah E. Elston,
property at 5616 S. Lewiston
Court, Centennial 80015-4033,
Piney Creek, $429,000.
Lennar Colorado LLC to David
C. and Nicole R. Johnson,
property at 5920 S. Little River
Way, Aurora 80016-2502,
Beacon Point, $426,900.
Carolyn J. Hess to Beth L. Cochran,
property at 2130 E. Eastman
Ave., Englewood 80113-3060,
Hampden Hills, $425,000.
Therese G. Scholle Living Trust
to Alan and Karen Weber,
property at 16839 E. Caley
Farm At Arapahoe County,
$420,000.
Wheatlands LLC to David N. and
Jacqueline L. Deyo, property
at 25489 E. Fair Drive, Aurora
80016-6168, Wheatlands,
$415,600.
John Derek and Lindsay M. Evans
to Vadim and Yelena Kalmykov,
property at 5520 S. Helena St.,
Centennial 80015-4279, Piney
Creek, $415,000.
Michael B. and Kelly M. Abrams
to Kenneth Stuart and Audrey
A. Klein, property at 15454 E.
Grand Ave., Aurora 80015-1706,
Shenandoah Smoky Hill,
$415,000.
Lennar Colorado LLC to Jeffrey
E. and Danielle L. Hartberger,
property at 5922 S. Little River
Court, Aurora 80016-2501,
Lennar Colorado LLC to Terrence
R. and Carmen E. McMurray,
property at 8260 S. Blackstone
Parkway, Aurora 80016-7340,
High Plains Country Club,
$414,400.
Weichert Relocation Resources
to Jacob and Elizabeth Lacy,
property at 6262 S. Kellerman
Court, Aurora 80016-6170,
Wheatlands, $413,000.
Wendy S. Anderson to Kearin S.
Schulte, property at 12060 E.
Lake Circle, Greenwood Village
80111-5253, Cherry Creek Vista,
$410,000.
Loretta Chiofolo to Kimberly and
Charles Simmons, property
at 6820 S. Bemis St., Littleton
80120-3602, Ridgewood,
$407,000.
Jane A.W. Pigford to Min S. and
Hyon K. Park, property at 14139
E. Bellewood Drive, Aurora
80015-1170, Cherry Creek Villas,
$404,000.
Cheryl Geis to Bryan Zive, 3303
S. Tulare Circle, Denver 802314363, property at 6278 E. Euclid
Ave., Centennial 80111-4309, El
Vista, $396,000.
Ribeiro Family Trust to Patrick L.
and Gina H. Lefranc, property
at 845 Imboden Mile Road,
Watkins 80137-8924, Watkins
Farm, $390,000.
Wheatlands LLC to John G. and
Shannon L. Robledo, property
at 25327 E. Arbor Drive, Aurora
$389,100.
Michael A. Pieper to R. Craig and
Christie J. Finch, property at
5062 S. Auckland Court, Aurora
80015-3910, Villas At Cherry
Creek, $385,000.
Lynne F. Robertson to Aaron
Dean Webb, property at
8207 S. Albion St., Centennial
80122-3903, Fairways Of South
Suburban, $380,000.
Bong S. and Myongja A. Sun
to Michael Richard Kaiser,
property at 8215 S. Newport
Foxridge, $379,900.
Robert D. Kerbs to Chalmer
W. Jr. and Myrna M. Smith,
property at 6186 S. Jericho
Greenfield, $379,500.
Wheatlands LLC to Michael C.
and Arlee A. Renella, property
at 25328 E. Fair Drive, Aurora
$377,600.
Georgetown Greenwood Village
LLC to Clinton D. Fraley Living
Trust, property at 5432 DTC
Parkway, Greenwood Village
80111-2755, Georgetown At
Greenwood Village, $372,500.
Robert and Tracy Sorg to Madhu
and Jewel S. Natarajan, 5670
Greenwood Plaza Blvd. No.
525, Greenwood Village 80111,
property at 16623 E. Powers
Piney Creek, $365,000.
David L. Thomas to Stephen C.
and Marion M. Henneman,
property at 8208 S. Sicily
Heritage Eagle Bend, $365,000.
Doug and Mary Ann Sjoberg to
Joan L. Oakes Revocable Trust,
property at 6299 E. Long Circle
S., Centennial 80112-2438,
Stephen M. and Judy R. Groth to
Don and Kelly Fair, property at
8121 S. Quatar Circle, Aurora
80016-7249, Heritage Eagle
Bend, $357,500.
Daniel M. Jr. and Amanda V.
Turner to Pamela R. Ohara,
property at 6416 S. Oak Hill
Mark Kevin Smith to Kahnoksak
Chan, property at 20705 E.
Weaver Drive, Aurora 800161116, Greenfield, $357,000.
Terry W. and Leslie S. Allen to
Alison L. and Jeffrey S. Salerno,
property at 27182 E. Ontario
Place, Aurora 80016-7514,
Southshore At Aurora,
$355,000.
Meritage Homes Colorado Inc.
to Susan L. Meany, property at
24373 E. Dorado Place, Aurora
80016-4319, Sorrel Ranch,
$353,600.
Mark and Michele Hellerstein
to Linda Lakas Frazier,
property at 7640 S. Ivanhoe
Scott S. and Deborah K. Jeffries
to Glen P. Gordon, property at
18155 E. Weaver Ave., Aurora
80016-1123, Farm At Arapahoe
County, $350,000.
Brett J. and Wendy C. Dempsey
to Tano E. Jr. and Ginger L.
Ozzello, property at 5215
S. Haleyville Way, Aurora
80016-5903, Tollgate Crossing,
$350,000.
Louise A. Lucero to Jefferson
Colwell, property at 3997 S.
Malta St., Aurora 80013-7422,
Saddle Rock Highlands,
$350,000.
Boulder County
Community Hospital Association
to ENT Holdings LLC, property
at 4745 Arapahoe Ave. No.
115/130, Boulder 80303-1080,
Foothills Medical Building
Condominium, $1,497,500.
Don Altman to Luke and Lia
Wolstenholme, property
at 440 Alpine Ave., Boulder
80304-3209, Mountain Heights,
$1,435,000.
Leisure Family 1991 Trust to
Nichols Begovic Famiy Trust,
2931 Linden Ave., Berkeley,
Calif. 94705-2327, property at
5156 Flagstaff Road, Boulder
shown), $1,075,000.
Michael M. and Marilyn Lou
Wertheimer to Michael W.
Stengel, property at 546
Geneva Ave., Boulder 803027140, Geneva Park Addition,
$1,000,000.
Timothy R. and Linda E. Coss to
Justin Ferri, property at 153
Poorman Road, Boulder 803028737, (no description shown),
$844,500.
Richard Gilbert to Derek R. and
Denise A. Curd, P.O. Box 811,
Niwot 80544-0811, property
at 856 10th St., Boulder
80302-7564, University Place,
$830,000.
Stanley H. and Henny J. Krantz
to Sheila Bratun and Frederick
Richard Hill, property at
8753 Crimson Clover Lane,
Longmont 80503-8777, Ranch
At Clover, $817,100.
James R. and Alyse H. Marlatt to
Peter C. and Diane S. Michel,
property at 5233 Laurel Ave.,
Boulder 80303-2847, Country
Club Park, $809,000.
James D. and Patricia A. Theall
to Julie K. Vanacker, property
at 700 Linden Drive, Boulder
80304, Linden Estates,
$800,000.
Karine Wegrzynowicz to Steve
and Melinda Courtman,
property at 2455 Bluff St.,
Boulder 80304-3719, Kiwi,
$779,000.
Sharon P. Rusnak to Charlotte L.
Tieman, 4021 Bimini Court,
Boulder 80301-6068, property
at 4075 Nassau Place, Boulder
80301-6029, Four Mile Creek,
$725,000.
Alan and Beverly Kronisch to
James C. and Elizabeth T.
Servaites, property at 3271
Sixth St., Boulder 80304-2154,
3275 6th Street, $725,000.
Michael A. and Vickie L. Brewer to
Brian K. Brinkley, 1406 E. Main
St. Suite 200, Fredericksburg,
Texas 78624-5338, property at
2156 Lefthand Canyon Drive,
Boulder 80302-9345, Eagle
View Estates, $695,000.
Deborah S. and Frank A. Denino
to Joseph M. and Terri Ann
Taydus, 3190 Lane Court,
80302-5503, 12 Maples
Condominiums, $663,900.
Daniel M. and Pamela J.
Knollenberg to Clinton K. Nash,
property at 7760 Crestview
Lane, Niwot 80504-7319,
Hillcrest Heights, $645,000.
Ben Peter Duke Trust to Raul
Jr. and Allison Margaret
Le Villarreal, property at
3615 Berkley Ave., Boulder
80305-5529, William Martin
Homestead Addition, $630,000.
Zia Parker to Susan M. Mitchell,
property at 6481 N. 63rd St.,
Longmont 80503-8853, (no
Jason L. and Michelle L. Shockley
to Kathaleen and Jeffrey
Alan Golds, property at 2983
Thunder Lake Circle, Lafayette
80026-9447, Indian Peaks,
$590,000.
Luke and Lia Wolstenholme
to Douglas A. and Karen C.
Truesdell, property at 5008
Carter Court, Boulder 803013838, Evergreen, $585,000.
leadsJune 29-july 5, 2012 | A21
on twitter: denbizjournal Mitchell Rosenbaum to Adam and
Jennifer Dunbar, property at
3865 19th St., Boulder 803041308, Norwood, $569,900.
H. Kevin and Ashley Cox Cohen to
Tamara S. Andrade, property
at 635 Fourmile Canyon Drive,
Boulder 80302-9742, (no
Lori Mohr Alt to Douglas R.
O’Classen, property at 787
Racquet Lane, Boulder 803032971, Ponderosa Addition,
$559,000.
George E. Brandon to Howard
T. and Barbara V. Holden,
property at 102 Sunrise Lane,
Boulder 80302-9485, Boulder
Heights, $555,000.
Patricia C. Nugent to Adam L. and
Michelle L. Howkins, property
at 2582 Ginny Way, Lafayette
80026-9158, Blue Heron
Estates, $535,000.
Alejandro and Laura Avella to
Suzanne Smith, property
at 5963 Brandywine Court,
Boulder 80301-5802, Willows,
$533,000.
Michael David Lucero to Kari and
Dwight Cornwell, property at
1288 Redwood Ave., Boulder
80304-1144, Redwood Nine,
$517,000.
Ryland Group Inc. to Melissa M.
Sholders, property at 2013
Wagon Way, Louisville 800278513, Takoda, $516,300.
Don and Cecily S. Breit to Rebecca
B. and Jason J. Shine, property
at 2665 Clayton Circle, Superior
80027-8311, Rock Creek Ranch,
$499,000.
Matthew S. and Julie G. Jary to
Bryan and Audra Bergland,
property at 1401 Vinca Place,
Superior 80027-6006, Rock
Creek Ranch, $485,000.
Benjamin D. and Katherine S.
Brantley to Cassandra J. and
James C. Longino, property at
3660 Ridge Road, Nederland
80466-9712, Saint Anton
Highlands, $480,000.
Indian Peak South LLC to Nathan
W. and Jennifer L. Longbotham,
property at 2853 Crater Lake
Lane, Lafayette 80026-3488,
Indian Peaks, $468,500.
Mark J. Smithpoelz to Paul C.
Vranas, property at 4494
Applewood Court, Boulder
80301-5827, Orchard Creek,
$465,000.
Stephen M. and Lynn M. Sherick
to Christopher J. and Geraldine
B. West, property at 6535
McCall Drive, Longmont 805039191, (no description shown),
$450,000.
Wal Mart Stores Inc. to CFT
Developments LLC, 1683
Walnut Grove Ave., Rosemead,
Calif. 91770-3711, Walmart
Retail Center, $425,000.
Boulder Creek Takoda LLC to
Barbara M. Rumsey, property at
2320 E. Hecla Drive, Louisville
80027-2367, Takoda, $419,900.
Alpha Boulder LLC to Andrew T.
and Leslie J. Albritton, property
80304-2805, Green Meadows,
$419,000.
David D. and Kathleen McGuire
Parrish to Sean and Sarah
Colleen Donovan, property
at 8117 Alfalfa Court, Niwot
80503-8518, Johnson Farm,
$408,000.
Handmade Homes Co. to Timothy
R. Duggan and Loren Tillotson
Duggan, property at 717 S.
Highway 119, Nederland 80466,
McMillen Meadow, $400,000.
Ryland Group Inc. to Akhil and
Akiiil Deodhar, property at
2129 Wagon Way, Louisville
80027-8519, Takoda, $398,800.
James F. Butterworth to Margaret
Elizabeth and Christopher
Edward Shutze, property at
2153 Grove Circle W., Boulder
80302-6608, Culvers, $396,000.
Jeri M. and Richard L. Natter to
Dominique and Sandra Aris,
property at 915 W. Chestnut
Circle, Louisville 80027-9568,
Cherrywood, $385,000.
Jeff Hare to Ryan N. Hughes,
property at 1666 Deer Trail
Road, Boulder 80302-9446,
Boulder Heights, $384,000.
Daniel J. Forman to David D.
Parrish and Kathleen McGuire
Parrish, property at 4555 13th
St. No. 2-E, Boulder 803044823, Village At Uptown At
Village At Uptown Broadway,
$380,000.
Reed W. and Elizabeth A. Benson
to Karen and Corey A. Lewison,
property at 1517 E. Riverbend
St., Superior 80027-8045, Rock
Creek Ranch, $375,000.
Thomas P. and Frances I.
Montoya to Richard and Jill K.
Rumley, property at 5729 Blue
Mountain Circle, Longmont
80503-2709, Meadow
Mountain, $375,000.
online: denverbusinessjournal.com Clarice E. Streets to Brian M. and
Megan L. Sweeney, property
at 1517 Taft Court, Louisville
80027-1021, Hillsborough West,
$363,000.
Dean E. Davis to Michael N. and
Jolene G. Lewis, property at
3685 Dahlia Way, Longmont
80503-7546, Clover Creek,
$360,600.
Margaret A. and T. Keith Harley
to Sydney and Michael
E. Strickland, property at
7272 Mount Meeker Road,
Longmont 80503-7126, Gun
Barrel Estates, $360,000.
Alande Co. to Robert and Mary
Pantier, property at 1375 Allen
Ave., Erie 80516-7005, Erie
Village, $353,000.
Meritage Homes Colorado Inc. to
Todd C. Anderson, property at
575 Cordova Drive, Lafayette
80026-2680, Silver Creek,
$352,300.
Richard A. Valent to Joanne
Greene, 1085 Albion Road,
at 1074 Berea Drive, Boulder
80305-6535, Mountain Terrace,
$350,000.
Broomfield County
Suburban Homes Inc. to Bl JM
Realty Assoc. LP, (no addresses
shown), Westbrooke Preserve,
$1,700,000.
Pulte Home Corp. to Mark and
Dawn G. Hopkins, property at
4629 Hope Circle, Broomfield
80023, Anthem, $732,700.
Rod L. Stambaugh to Patrick
Freeman, property at 5077
Brookside Drive, Broomfield
80023-3985, Aspen Creek,
$517,000.
Matthew and Colleen A.
Cardamone to Daniel R.
Schmitz and Shauna Giddings
Schmitz, property at 3300
Alexander Way, Broomfield
80023-8030, Anthem, $515,000.
Pulte Home Corp. to Jon H. and
Susan K. Stafford, property
at 16683 Pinnacle Court,
Broomfield 80023-8051,
Anthem, $449,000.
Robert and Kristy Connolly
to Pamela J. and James D.
Arroway, property at 14347
Waterside Lane, Broomfield
80023-4526, McKay Landing,
$435,000.
Pulte Home Corp. to Thomas R.
and Jane Hensley, property at
15933 Torreys Way, Broomfield
80023-8126, Anthem, $432,800.
Matthew J. and Elizabeth A.
Anderson to Monica Kidd,
property at 14066 Roaring Fork
Circle, Broomfield 80023-3928,
Broadlands, $430,000.
Christopher M. and Allison M.
Bryson to Eleanor T. and Eric T.
Minick, property at 14227 Piney
River Road, Broomfield 800233919, Broadlands, $405,800.
Rajesh G. and Nita R. Ahuja to
Christopher and Billie Reyes,
property at 14197 Waterside
Lane, Broomfield 80023-9394,
McKay Landing, $402,500.
Jeffrey A. and Deborah A.
Obermeyer to Andrew L. and
Rebecca L. Traver, property at
13872 Meadowbrook Drive,
Broomfield 80020-6149, Aspen
Creek, $400,000.
Linda S. Higdon to Luke A. and
Kelly J. Anderson, property at
1113 Sunset Drive, Broomfield
80020-7037, Ridgeview
Heights, $400,000.
Pulte Home Corp. to Clifton P.
and Judith C. Moak, property
at 3509 Wolverine Loop,
Anthem, $388,000.
Deborah J. Collier to John D. and
Janell M. Hugins, property at
16618 Plateau Lane, Broomfield
80023-8052, Anthem,
$380,000.
Christian F. and Samantha J.
Hoffman to Jennifer and Barry
Snyder, property at 14001 Zuni
St., Broomfield 80023-9341,
McKay Landing, $370,000.
Chris E. Kraft to Jonathan Philip
and Caryn Alysse Datz,
property at 1345 Laurel St.,
Miramonte Farms, $358,900.
Denver County
Wellshire Arms Co. LLLP to
Pathfinder Bruckal Colorado
Holding, property at 2499 S.
Colorado Blvd., Denver 802225913, University Gardens,
$12,500,000.
Gerald E. and Esther G. Priddy
to Robert William Jesperson,
property at 7020 E. 12th Ave.,
Denver 80220-2925, Richthofen
Park, $3,490,000.
Colorado Mack Sales Service Inc.
to Bruckner Truck Sales Inc.,
9471 E. Interstate 40, Amarillo,
Texas 79118-6960, property
at 4850 Vasquez Blvd., Denver
shown), $1,960,000.
Moonstar 969 LLC to Clarkson
Street Partners LLC, 789
Sherman St. Suite 320, Denver
80203-3531, Capitol Hill South
Division, $1,925,000.
Thomas and Kellie Haygood to
David Pollard and Susan White,
property at 4340 E. Cedar Ave.,
Denver 80246-1023, Burns Park
Addition, $1,895,000.
1133 Tower LLC to Urban Moment
LLC, property at 1133 14th St.
Unit 3200, Denver 80202-2267,
Teatro Tower Residences,
$1,859,900.
1133 Tower LLC to Nancey
Zoellner, property at 1133 14th
St. Unit 3000/3010, Denver
80202-2265, Teatro Tower
Residences, $1,844,900.
Robert C. Fanch to Matthew
J. Fiegel, 9857 E. 31st Ave.,
Denver 80238-3552, property
at 366 S. Gaylord St., Denver
80209-2715, Broadway Heights,
$1,600,000.
EOW Holdings LLC to Dlsco2
LLC, 3105 Dubuque St. N.E.,
Iowa City, Iowa 52240-7918,
property at 1920 Blake St.,
Denver 80202-1230, East
Denver, $1,550,000.
1133 Tower LLC to Carol Lynn
Wagner, 464 Columbine St.,
at 1133 14th St. Unit 2300,
Denver 80202-2262, Teatro
Tower Residences, $1,449,900.
Great Midwest Bank to Patricia
Farncombe, property at 100
Detroit St. Unit 305, Denver
80206-4852, Residences At
Northcreek Condominium,
$1,350,000.
Spencer Chase to Andrew D.
Holleman, property at 369 Elm
St., Denver 80220-5740, Malone
& Dubois, $1,275,000.
Henry Hoa Nguyen to Jade
Industries LLC, 2630 S.
Broadway, Denver 802105705, Broadway Highlands,
$1,250,000.
Plaza At Cherry Creek North LL to
Richard P. and Terese I. Porreco,
property at 100 Detroit St.
Unit 406, Denver 80206-4853,
Residences At Northcreek
Condominium, $1,225,000.
Long Family Trust to Guy Goudy,
1600 Glenarm Place Apt. 1801,
at 2557 S. Adams St., Denver
80210-6229, Asbury Park,
$1,200,000.
Lisa A. Kosmiski to Laura E. Love,
property at 2595 S. Fillmore
St., Denver 80210-6210, Iliffs
University Addition, $1,100,000.
Robert and Robert S. Hahn to
Adam Donner, 1811 Boulder St.,
Denver 80211-3917, Kassermans
Addition, $1,096,000.
Thomas P. Groth to Thomas R.
and Alison F. Finley, property at
2441 S. Columbine St., Denver
80210-5423, Iliffs University
Addition, $1,057,500.
Raymond and Nancy Levon to
Stephanie Harris, property
at 461 Humboldt St., Denver
80218-3935, Driving Park Place,
$1,036,800.
Mark L. Epstein Revocable Trust
to David H. and Mary Patricia
Lehman, property at 2500 E.
Cherry Creek S. Drive No. 602,
Denver 80209-3287, Portico
Condominiums, $1,035,000.
1133 Tower LLC to Michael J. and
Lolinda S. Quigley, 16467 Rocky
Point Lane, Morrison 80465,
property at 1133 14th St. Unit
1950, Denver 80202-2255,
$999,900.
Imago Dei Global Communities I
to Park Church, P.O. Box 12182,
Denver 80212-0182, Highland
Park, $950,000.
American Data Bank to Craig
M. and Antonia B. Camozzi,
Ave. Unit 16-A, Denver
80204-3688, Belvedere Tower
J. David and Susan A. Goodson
to Evan T. and Jessica P. Riles,
property at 773 Adams St.,
Denver 80208, Capitol Avenue,
$949,000.
Bruce and Ann Valentine to
Mary Jo Warren, property at
492 S. Williams St., Denver
80209-2639, Broadway Heights,
$932,000.
Andrew and Catherine Goodwillie
to Marc Sarti and Ellen Coffey
Sarti, property at 815 S.
Milwaukee St., Denver 802094827, Bonnie Brae, $919,000.
Ann P. McCabe to Christopher T.
and Eliza Phillips, property at
2613 S. Milwaukee St., Denver
Addition, $917,500.
Scott A. Davis to Christina R.
Palesh, property at 1690
Bassett St. Unit 4, Denver
80202-1879, Park At One
Riverfront, $899,000.
Karlyn and Srikant Vasan to
Charles G. and Jennifer
Crichton, property at 111 Forest
St., Denver 80220-6333, Eastern
Capitol Hill, $883,300.
Mary T. Valenta to Daniel and
Rebecca Galemba, property
at 2435 S. Fillmore St., Denver
Addition, $850,000.
Donald G. and Roxanna L.
Cassilwatts to BD Hunt Invest
II LLC, 1069 Bonnie Blvd.,
Denver 80209, property at
1195 S. Madison St., Denver
80210-2112, Coronado Heights,
$849,000.
Max B. Mitchell Trust to Shelly
M. Anderson Living Trust,
property at 6401 E. Sixth Ave.
Parkway, Denver 80220-5345,
Porter & Raymonds Montclair,
$825,000.
Richard D. and Mary K. Krugman
to John M. and Melinda R.
Couzens, property at 399
Madison St., Denver 802064436, Harmans, $812,500.
Nancy Zoellner to 1133 Tower LLC,
730 17th St. Suite 108, Denver
80202-3536, property at 1133
14th St. Unit 2610, Denver
80202-2250, Teatro Tower
Residences, $800,000.
Jennifer Anne and Roger Dean
to Douglas W. and Pamela
R. Adams, property at 2900
Champa St., Denver 802052747, Case & Eberts Addition,
$800,000.
Timothy Jay and Kimberl
Coughlon to Peter C. Smith,
property at 780 Fillmore St.,
Denver 80206-3848, Fishers
Cheesman Park Addition,
$785,000.
Craig M. and Anne B. Camozzi
to Daniel and Caitlyn Clark,
property at 1175 S. Clayton St.,
Denver 80210-2012, Electric
Heights, $775,100.
Spire Denver LLC to Dolores G.
Storer, P.O. Box 250, Tabernash
80478-0250, property at
891 14th St. Unit 3609,
Denver 80202-3282, Spire
Stephanie S. Kroth to Michael
Thomas Loftus, property at
1672 S. Clayton St., Denver
80210-2821, Alta Vista,
$770,000.
Hawley Personal Residence
Trust to Arun and Angela
Madan, property at 2552 E.
Alameda Ave. Unit 71, Denver
80209-3322, Polo Club North
Deborah Suzanne Froeb
Revocable Trust to Michael T.
and Megan E. Harry, property
at 3773 Gill Drive, Denver
80209-3510, Stokes Place
Addition, $753,400.
Ivan Gamayunov to Lorena P.
Browne, property at 118 S. Ivy
St., Denver 80224-1025, Eastern
Capitol Hill, $740,000.
Lead Properties IV LLC to Bryan S.
and Katie E. Ahlgren, property
at 1410 S. Humboldt St., Denver
80210-2319, Stebbins Heights,
$740,000.
JBGL Inwood LLC to Weekley
Homes LLC, 1111 N. Post Oak
Road, Houston, Texas 770557310, Lowry, $714,000.
Raechel N. Okelley to Michael
P. and Stephanie McGurren,
property at 3330 Shoshone
St., Denver 80211-3427, H.
Witters North Denver Addition,
$700,000.
1133 Tower LLC to Ira Langenthal
Revocable Trust, 1499 Blake
St. No. 61, Denver 80202-1355,
property at 1133 14th St. Unit
2810, Denver 80202-2252,
$690,000.
Dino V. Hacker to Lori A.
Palazzolo, property at 538
Madison St., Denver 802064441, Harmans, $684,900.
David H. and Jolayne K. Lowell to
Allan S. and Mary S. Ivascu, 265
Indies Way Apt. 1603, Naples,
Fla. 34110-6534, property at
4505 S. Yosemite St. Unit 339,
Denver 80237-2518, Stoney
Brook, $675,000.
1628 S. Grant Street LLC to Mary
Beth Archibald, property at
1626 S. Grant St., Denver 80210,
Santa Fe, $674,600.
Kristin H. and Timothy J. Callahan
to David Michael Jr. and Pa
McDermott, property at 670
Bellaire St., Denver 80220-4935,
Skinner Brothers, $673,000.
Loren and Deborah Snyder to
Mark E. and Linda K. Warnke,
property at 700 S. Gaylord St.,
Denver 80209-4630, Bohms,
$667,000.
1058 S. Corona LLC to John D.
Vlasic, property at 1058 S.
Corona St., Denver 80209-4414,
JP Farmers Addition, $662,000.
David A. Nemovitz to Frederick
J. Suchy, property at 8116
E. Fairmount Drive, Denver
80230-6700, Lowry, $660,000.
G. Christian Crosby to Cameron
Syke, property at 210 Garfield
St., Denver 80206-5519,
Harmans, $650,000.
Spire Denver LLC to R. Wade
Breisch, property at 891 14th
St. Unit 3408, Denver 802023280, Spire Condominiums,
$649,000.
1922 W. 36th Ave LLC to Michael
Fadell, property at 1922 W.
36th Ave., Denver 80211-2910,
Clarks, $640,600.
Lisa A. and Steven Paul Cruise
to Kathrine L. Weissner,
property at 740 York St., Denver
80206-3748, Capitol Hill South
Division, $640,000.
Infinity Home Collection Pure at
Stapleton LLC to Kelly Cooke,
property at 3309 Uinta St.,
Denver 80238-2833, Stapleton,
$639,500.
C. Frank and Barbara L. Gilliland
to Carole K. and Harold Kaiser,
property at 440 Dahlia St.,
Denver 80220-5106, Malone &
Dubois, $630,000.
Jason A. and Sara L. Chong to
Staci Egloff, property at 9724 E.
34th Ave., Denver 80238-2938,
Stapleton, $625,000.
Suzanne Morey to Melanie and
Scott Joy, property at 10571 E.
28th Place, Denver 80238-3111,
Jack Garrett May to Daniel A. and
Kimberly A. Tighe, property at
5400 Montview Blvd., Denver
80207-3853, Downington,
$621,800.
1326 Clayton LLC to Jonathan
Tucker and Jen Ladd, property
at 1326 S. Clayton St., Denver
80210-2430, Alta Vista,
$619,900.
Carter John Price to Gene W.
Schneider Trust, 2550 E.
Willamette Lane, Greenwood
Village 80121-1610, property
at 2634 S. Williams St., Denver
80210-5941, Evanston,
$608,600.
Gene W. Schneider Trust to
2634 S. Williams Street LLC,
property at 2634 S. Williams St.,
Denver 80210-5941, Evanston,
$608,600.
Duncan J.B. and Shana D. Horner
to Justin Lee and Lindsey
Voigts, property at 1657
Kearney St., Denver 802201544, Downington, $604,800.
Christopher L. and Kathr Valdez to
Carlos and Meryl S. Livermore,
property at 4716 W. Moncrieff
Place, Denver 80212-1604,
Cottage Hill, $595,000.
Kevin Salsich to Marian E. Lyons,
property at 1968 S. Clarkson St.,
Denver 80210-4104, Mountain
View Place, $590,000.
Fredrick Dean Rosendall to
Douglas Edward Roerig,
property at 746 S. Gilpin St.,
Denver 80209-4513, Bohms,
$587,500.
Matthew P. and Kelly K. Osborn to
Marc T. and Melanie B. Avner,
property at 42 S. Roslyn St.,
Denver 80230-6971, Lowry,
$580,000.
Kendall E. Colman to John J. and
Joan Fitzgerald, 316 Fifth St.
N.E., Washington, D.C. 200025806, property at 222 S. Marion
Parkway, Denver 80209-2527,
Shackelton Place, $575,000.
Parkwood Homes Stapleton II
Inc. to Brian and Laura Riniker,
property at 8131 E. 33rd Ave.,
$571,800.
Michael Anthony and Carr
Williams to Paul J. and Irene
S. Rochon, property at 1746
Locust St., Denver 80220-1632,
Downington, $570,000.
Kelly L. Murphy to Christian A. and
Olga Laursen, P.O. Box 1984,
Fraser 80442-1984, property at
2000 Little Raven St. Unit 401,
Denver 80202-6134, Flour Mill
Lofts, $570,000.
John L. Eich Jr. to Brick Mortar
LLC, 800 E. Third St., Los
Angeles, Calif. 90013-1820,
Clements Addition, $567,000.
Spire Denver LLC to Cimex
Investments Inc., 5150 Tamiami
Trail N. Suite 503, Naples,
Fla. 34103-2822, property
at 891 14th St. Unit 3108,
Denver 80202-3277, Spire
K. David Kubena to H. Shaw and
Janice K. Thomas, property
at 797 E. Asbury Ave., Denver
80210-4144, Santa Fe,
$565,000.
Robert David and Nancy Lewis
to Christopher John Vincent,
property at 375 Josephine St.
No. B, Denver 80206-4255,
Verdelais Townhomes,
$564,000.
William J. and Joan L. Betz to
John Mitchell Laird, property
at 501 Clermont St., Denver
80220-5021, Malone & Dubois,
$560,000.
Staci R. Egloff to Rick Winans,
property at 1531 Steele St.,
Denver 80206-1715, Colfax
Avenue Park, $559,000.
Standard Pacific Colorado Inc. to
Shari C. McKoin, property at
3430 Uinta St., Denver 802382873, Stapleton, $558,500.
Michael K. Miro to Ross and
Jennifer S. Bielak, property at
581 S. Race St., Denver 802094602, Broadway Heights,
$555,800.
Hilary Masell and Jason Oswald
to Frank Madren, 106 Gemini
Court, Los Gatos, Calif.
95032-5141, property at 536 S.
High St., Denver 80209-4525,
Broadway Heights, $553,000.
David T. Jones to Frank S. Madren,
106 Gemini Court, Los Gatos,
Calif. 95032-5141, property at
1253 S. Race St., Denver 802101817, Washington Park Place,
$551,000.
CCS Pinnacle LLC to Patricia A.
Pirch, property at 1650 Fillmore
St. Apt. 904, Denver 802061590, Pinnacle At City Pike
South, $545,000.
Michael S. Congdon to Michael
Wayne and Coree Miller, 2006
Royal Downs Drive, Katy, Texas
77450-8561, property at 1777
Larimer St. Apt. 1808, Denver
80202-1549, The Windsor,
$540,000.
Robert Dawe to Clayton Bergsma,
property at 1925 W. 32nd Ave.
Unit 501, Denver 80211-3485,
Highland Lofts Condominiums,
$540,000.
Isobel R. McGowan to Dean
Sobel, property at 3600 Clay
St., Denver 80211-2832, Potter
Highlands, $538,700.
Jonathan and Jessica Kosares to
Barbara L. Riste, property at
1257 Eudora St., Denver 802202518, Keatings Colfax Avenue,
$535,000.
Bradley D. Patton to Benjamin
Greenberg and Sharon Wei
Greenberg, property at 246 S.
Poplar St., Denver 80230-6959,
Lowry, $527,500.
Margaret L. Berube to Daniel
J. and Marguerite Malone,
property at 2256 Dexter St.,
Denver 80207-3757, Park Hill,
$525,000.
Prism Real Estate Development
Inc. to Daniel R. Buscarello,
property at 2517 Lafayette
St., Denver 80205, Schinners
Addition, $521,000.
Nicholas R. Cotts to Ryan Patrick
and Amy Jo Murrin, property
at 2823 Clinton Way, Denver
80238-2904, Stapleton,
$517,900.
Mosaic Partners LLC to Kristin
Laux, property at 6901 E. Walsh
Place, Denver 80224-1559, Lee
Downs, $513,000.
Vince Jordan to Justin R. and
Jennifer Silverstein, property
at 3166 Elmira Court, Denver
$512,000.
Carla M. Macartney to Guber
Family Revocable Trust,
property at 875 S. Milwaukee
St., Denver 80209-4827, Bonnie
Brae, $505,000.
Nathan E. and Stacey G. Eshelman
to William J. Hansen, (no
addresses shown), Crestmoor
Park, $500,000.
Phillip S. Strain to Douglas Kinsley,
property at 415 S. Gaylord St.,
Denver 80209-2728, Broadway
Heights, $499,000.
Weekley Homes LLC to Paul and
Lee Buchmann, property at 872
Ulster Way, Denver 80230-7107,
Lowry, $497,600.
NT Residential LLC to Margaret M.
and R. Camero Cooke, property
at 9237 E. 35th Ave., Denver
80238, Stapleton, $492,300.
Longview Family Enterprises to
Anna L.C. Salas, property at
672 S. Grant St., Denver 802094118, Exposition Addition,
$490,000.
Joseph M. Abruzzo to Jeffrey P.
Fitzgerald, property at 2105 E.
Iowa Ave., Denver 80210-2836,
Buckeye Addition, $490,000.
Theodore C. and Brandy H.
Radey to Aaron and Magan
Blankenship, property at 3305
Stuart St., Denver 80212-1715,
Wolff Place Addition Blocks
11-18, $490,000.
Michael E. and Julia Jan Donnelly
to Catherine Pullins and S.
Miles, property at 614 S.
Race St., Denver 80209-4605,
Broadway Heights, $485,000.
Steven P. Konkol and Tracy
Edwards Konkol to Gerald L.
and Kaye S. Mullaney, property
at 902 Roslyn St., Denver
80230-7078, Lowry, $475,000.
Berkeley Real Estate LLC to
Joni Deane, property at 4172
Yates St., Denver 80212-2234,
Berkeley Blocks 1-40, $472,500.
Sherri L. Hager to Bryan W. and
Bonnie A. Kean, property at
2705 Xanthia St., Denver 802382551, Stapleton, $468,000.
Leslie Zahler to Barry A. and
Frances S. Lazarus, property
at 257 S. Monroe St., Denver
80209-3008, Burlington Capitol
Hill Addition, $465,000.
Stephen G. and Amie M. Gulick
to Sean J. Coughlin, property
at 8199 E. 28th Place, Denver
$459,000.
US Bank to Empire Holding,
111 W. Cannon St., Lafayette
80026-1605, property at 1368
Gilpin St., Denver 80218-2511,
Wymans Addition Denver,
$458,700.
EBM Realty Investment LLC to
NCS Trust, 2564 S. Holly Place,
Denver 80222-6222, Craigs
Block 4-5 Lakeview, $454,000.
Edward Champoux to Aaron and
Meredith Berman, property
at 1391 S. Edison Way, Denver
80222-3519, Christian Noe,
$452,000.
National Equity Inc. to Mave A.
and Kyle A. Gasaway, property
at 1200 Monroe St., Denver
80206-3446, Capitol Avenue,
$445,000.
Laurent Gapin to Brad Miller,
property at 2873 Willow St.,
$445,000.
Tiffany Jo and Brett Ma Ellen to
Michael A. and Beth R. Hockett,
property at 3615 S. Roslyn Way,
Denver 80237-1352, Pine Ridge
Estates, $442,500.
Denver Traditions At Stapleton
to Jesse D. and Lindsay A.
Horning, property at 9284
37th Ave., Denver 80238-3511,
Mary A. Lederer to Forza LLC,
property at 2036 Glencoe St.,
Denver 80207-3833, Mores Park
Heights, $440,000.
Stephen E. and Cheryl A. Read
to John David and Jennifer
Milstead, property at 4051
S. Narcissus Way, Denver
80237-2025, Southmoor Park,
$440,000.
Michael P. McGurren to Amy
Randers and Scott E. Harrison,
property at 1111 S. Josephine
St., Denver 80210-1918, Electric
Heights, $439,000.
Rosanna D. Kippur to Chris
Jonkman, property at 7371 E.
Archer Place, Denver 802306719, Lowry, $437,900.
Cherry Creek Rowhomes LLC to
Irene F. Berry, property at 526
University Blvd., Denver 802064127, Harmans, $435,400.
Creek Development LLC to
Kelley J. Rand, property at 512
University Blvd., Denver 802064127, Harmans, $435,000.
Mark A. and Nina P. Kuhl to
Michael A. Queneau, 1801
Wynkoop St. Apt. 609, Denver
80202-1196, property at 1777
Ivanhoe St., Denver 802201421, Downington, $432,500.
James John and Ellen Ma
McDonough to Erin Marie
Herrera Chavarro, property at
2726 Xanthia St., Denver 802382608, Stapleton, $429,500.
Jennifer L. Garrett to William
Dickinson, property at 4139
Stuart St., Denver 80212-2111,
Thompsons, $427,500.
Carolyn Martin and Jose Taylor
to Blake L. and Jessica L.
Bienemann, property at 1045
Olive St., Denver 80220-4817,
Richthofens Montclair,
$426,000.
Gillian M. Deck to Jessica J. Wolfe,
property at 1020 15th St.
Apt. 209, Denver 80202-2399,
Brooks Tower Residences
Marie A. Wanasz to J4 Rentals LLC,
2080 P.O. Box 1138, Alamosa
81101-1138, property at 2080
S. Josephine St. Unit 4, Denver
80210-4358, University Park,
$425,000.
Richard W. and Nancie B. Halls
to Robert H. and Meghan A.
Statton, property at 6600 E.
Fourth Ave., Denver 802206005, Mayfair Park, $425,000.
Gerald R. and Marnie M.T.
Weidman to Julie Roberts,
property at 3311 Raleigh St.,
Denver 80212-1709, Wolff
Place Addition Blocks 11-18,
$425,000.
Kelley J. Rand to Phillip D. and Erin
L. Lockwood, property at 3365
Beeler Court, Denver 802383487, Stapleton, $422,500.
Stacey L. Bowers to Beverly
Kay Sloan, property at 1736
Cherry St., Denver 80220-1144,
Hartmans Addition, $422,000.
Ethan D. and Margaret C.
Hampton to Jonathan R. Zalisk,
property at 2455 Meade St.,
Denver 80211-4435, Lake Park,
$419,000.
Pine Valley LLC to Hans E. Cary,
property at 1324 S. Lincoln St.,
Denver 80210-2209, Sherman,
$417,500.
Christopher J. Wilcox to Michael
Kenneth Klinker, property at
2662 Tennyson St., Denver
80212-3035, McGills, $417,000.
John Weeber to Benjamin B.
Kurtz, property at 252 S.
Shackelton Place, $411,500.
Michael L. and Ashley A. Corbett
to Kristen M. Nelson, property
at 2675 Tamarac St., Denver
$410,000.
Samantha L. and Chad J. Menard
to Matthew C. and Anne V.
Warner, property at 1328 S.
Washington St., Denver 802102241, Sherman, $410,000.
Cristina Calabrese to Andrew
Galbraith, property at 2465 S.
Lafayette St., Denver 802105118, Evanston, $410,000.
Sara D. and Rodney A. Muller to
Kyle B. and Vanessa B. Clark,
property at 1945 Krameria
St., Denver 80220-1556,
Downington, $408,000.
Lisa Morris to Lorraine Whelan,
25 Foothill Ash, Littleton
80127-3541, property at 221
Adams St., Denver 80206-5213,
Harmans, $408,000.
Daniel and Lacy Beck to Marc
Jason and Tara M. Hammond,
property at 6915 E. Lane Salle
Place, Denver 80224-2626,
Hutchinson Hills, $407,500.
Anna E. Holland and Samu
Edwards to Daniel J. Horton,
property at 245 W. Second Ave.,
Denver 80223-1406, Broadway
Terrace, $407,000.
Nathan and Eric Fletemeyer to
Amy Darby, property at 2520
High St., Denver 80205-5566,
Schinners Addition, $407,000.
Thomas R. and Alison F. Finley
to Jeffrey and Jessica Erb,
property at 2234 Krameria St.,
Denver 80207-3931, Bell Park,
$407,000.
Julia J. and Jeffrey M. Smith to
Carol G. Schoen, property at
2467 S. Lafayette St., Denver
80210-5118, Evanston,
$404,500.
Lead Properties IV LLC to
Benjamin Scott and Eliz
Trevathan, property at 2316
Dexter St., Denver 80207-3151,
Park Hill, $403,000.
Charles Q. Powell to Katherine
Whitner Belk, property at 619
S. Grant St., Denver 80209-4117,
Exposition Addition, $400,000.
Sarah L. Orr to James and Valerie
Luckenbill, property at 411
Corona St., Denver 80218-3914,
Arlington Park, $396,000.
Ryan Patrick and Amy J. Murrin
to Mario T. and Allison Trimble,
property at 2689 Wabash St.,
$389,000.
Mark T. and Dana M. Nickless to
Jeffrey and Andrea Dudeck,
property at 3765 S. Willow
Circle, Denver 80237-1629,
Hutchinson Hills, $389,000.
Lowry Greens LLC to Holly M.
Burke, property at 404 Dallas
St., Denver 80230-6551, Lowry,
$388,600.
Sandra J. Goralnik to Linda R.
Reisman, property at 3967 S.
Peach Way, Denver 80237-2055,
Southmoor Park, $385,000.
James Lee to Yvonne M. Breasher,
property at 2596 S. Leyden St.,
Denver 80222-7141, Eastgate,
$385,000.
2900 Inca LLC to Terry W. Norton,
2009 Inca St. No. 24, Denver
80202, property at 2900 Inca
St. Unit 24, Denver 80202-1875,
Inca 29 Brownstones, $380,000.
Alice P. Doyle to Lauren Anne
Debell, property at 2459 W.
33rd Ave., Denver 80211-3327,
Potter Highlands, $380,000.
Michael Kuryla to Shama
Revocable Trust, 229 Spring
Creek Lane N.E., Albuquerque,
N.M. 87122-2013, property at
260 Monroe St., Denver 802065506, Harmans, $378,800.
Sean Maguire to Paul and Gemma
Marshall, property at 4023
S. Newport Way, Denver
80237-2031, Southmoor Park,
$375,000.
Barbara Wells to Gene Johnson,
property at 1000 E. 18th Ave.
Apt. 203-B, Denver 80218-1071,
Avenue Lofts Condominiums,
$375,000.
Jean Pierre and Diana Pedinielli to
Julie Ross and David S. Fuller,
property at 860 S. Jackson St.,
Denver 80209-5012, Belcaro
Park, $372,500.
Jean Pierre Pedinielli to David
Sherman and Julie Fuller,
property at 860 S. Jackson St.,
Denver 80209-5012, Belcaro
Park, $372,500.
Wash Park Townhomes LLC
to Rory P. and Amanda M.
McCarthy, property at 945 S.
Washington St., Denver 802094315, Lincoln, $370,500.
David Vetter to Dagfinn Senturia
and Laura Ruttu Senturia,
property at 2358 Glencoe St.,
Denver 80207-3248, Strayers
Park Place, $370,000.
Scott J. Zurfluh to James Patrick
Askins, property at 1451
Grape St., Denver 80220-2609,
Bellevue, $370,000.
A22
leads
| June 29-july 5, 2012
on facebook: denverbusiness Ryan J. Pjesky to Jay Arl Holdings
LLC, 3720 Poinciana Ave.,
Coconut Grove, Fla. 331336420, property at 379 E. Bayaud
Ave., Denver 80209-1707,
West Wash Park Townhomes,
$370,000.
Thomas G. Liehe to John T.
and James A. Pentecost,
7240 W. Custer Ave., Unit
406, Lakewood 80226-2779,
property at 753 S. Logan St.,
Denver 80209-4125, Lincoln,
$370,000.
Elizabeth B. Coppinger to Anh
and Toan Nguyen, property
at 1467 Adams St., Denver
80206-2615, Capitol Avenue,
$365,000.
Spire Denver LLC to Zachary P.
May, property at 891 14th
St. Unit 3506, Denver 802023281, Spire Condominiums,
$365,000.
Betty J. Fox to William E.
Holway, property at 2960
Inca St. Unit 116, Denver
80202-1102, Watertower Lofts
Larry James and Joan La Baker to
Carmen Gray, property at 3975
S. Syracuse Way, Denver 802372132, Park Vista, $360,000.
Jamie L. Cier to Catherine
Diamond, property at 2071
S. Corona St., Denver 802104122, Mountain View Place,
$360,000.
Camerata Homes LLC to Scott
Kaiser, property at 1944 S.
Evanston, $360,000.
James H. and Amy M. Wood to
James Obermaier, property
at 1174 Saint Paul St., Denver
80206-3368, Saint James
Heights, $360,000.
Linda and John Samuelson to
Sandra L. Gudat, property
at 1030 Logan St. Apt. 2-W,
Denver 80203-5701, Landmark
Oakwood Homes LLC to Tima
Efendicortiz, property at 5203
Malaya St., Denver 80249-8550,
Green Valley Ranch, $358,600.
Chris H. and Claire F. Mootz to
Alan R. Barber, property at 3475
W. 20th Ave., Denver 802115079, East Bay, $356,000.
Contemporary Classics LLC to
Corey and Renee Whitley,
property at 2651 Fillmore St.,
Denver 80205-4714, Ashleys
Addition, $353,500.
Sell Now Colorado LLC to Michael
Prentice Messimer, property
at 4444 Zenobia St., Denver
80212-2406, Berkeley Blocks
1-40, $350,000.
Douglas County
Shea Homes LP to Toll Co. I LLC,
250 Gibraltar Road, Horsham,
Pa. 19044-2323, Highlands
Ranch, $1,839,800.
Steven H. and Kitty L. Orchard
to Richard M. Jr. and Diane
B. Hoag, property at 2988
Rockbridge Drive, Highlands
Ranch 80129-1551, Highlands
Ranch, $907,000.
Daniel J. and Kathleen A. Gannon
to Samantha J. Marnick,
property at 5000 S. Perry Park
Road, Sedalia 80135-8209, (no
Beatriz M. Ortino Revocable
Trust to Richard W. and Paula
L. Turpenoff, property at
5284 Red Pass Lane, Castle
Rock 80108-7787, Castle Pines
Village, $715,000.
John R. Randall Living Trust to
Derek C. and Ann L. West,
property at 724 Evening Star
Drive, Castle Rock 80108-8349,
Castle Pines Village, $695,000.
Linda L. Latenser to Darilyn
W. Fritz, property at 9414 E.
Hidden Hill Lane, Lone Tree
80124-5407, Heritage Hills,
$670,000.
Shea Homes LP to Richard
C. Cornish and Jennifer A.
Erickson Cornish, property at
9347 Viaggio Way, Highlands
Ranch, $608,100.
Hidden Forest Development LLC
to Gary Paul and Honnie Ann
Korngold, property at 678
Independence Drive, Larkspur
80118-8612, Sage Port,
$580,000.
Martha Hunt to Damian and Paige
Fesmire, property at 6695
Diamond Ridge Parkway, Castle
Rock 80108-7519, Diamond
Ridge Estates, $560,000.
Shea Homes LP to Scott D. and
Claire M. Oppliger, property
at 10655 Manorstone Drive,
Highlands Ranch, $543,500.
Steven S. and Linda L. MacDonald
to Mark William and Stacie
Renee Sonius, property at
10042 Clyde Circle, Highlands
Ranch, $525,500.
Jesse and Joanna Masloski to
Diana Sklenar, property at 2380
Crestmont Lane, Highlands
Ranch, $515,200.
Shea Homes LP to Karen E. Ryan,
property at 9349 Viaggio Way,
Andrew S. Walter to Duane E.
and Jane M. Lenz, property at
7268 Brighton Place, Castle
Pines 80108-8896, Castle Pines
North, $455,000.
Lennar Colorado LLC to Andy
J. and Katherine D. Genasci,
property at 2814 Mashie Circle,
Castle Rock 80109-3680, Red
Hawk, $454,900.
J. Dale and Sherri L. Schlotzhauer
to Kelly J. and Marcy C.
Stuhlsatz, property at 10146
Fairgate Way, Highlands Ranch
80126-7854, Highlands Ranch,
$450,000.
Richmond American Homes
Colorado to Benny and Hope
Lynn S. Corrales, property at
2386 Tavern Way, Castle Rock
80104-3381, Plum Creek South,
$439,600.
Lincoln Park At Ridgegate LLC
to Richard Allen Schwartz,
property at 9217 Mornington
Way, Lone Tree 80124-5603,
Ridgegate, $428,900.
Larry G. Heafner to Robert W.
and Katie P. Hunt, property
at 5306 Gould Circle, Castle
Rock 80109-7726, Meadows,
$427,000.
Old West Land Co. to Charles
and Ann Dirks, property at
1525 Putter Place, Castle
Rock 80104-3701, Plum Creek
Fairway 10, $425,000.
Charles W. and Linda M. Kercheval
to Allen B. Jr. and Katina C.H.
Lundberg, property at 11758
Pine Hill St., Parker 80138-8467,
Villages Of Parker, $422,500.
NVH WIP LLLP to Patrick A. and
Donna M. Harmon, property at
612 Bristolwood Lane, Castle
Pines 80108-7905, Castle Pines
North, $421,300.
Susanne J. Allen to Ian and Jodie
A. Deshmukh, property at 1782
Red Fox Place, Highlands Ranch
80126-2619, Highlands Ranch,
$415,000.
Michael V. Garno to Timothy
D. and Rachael A. McCarty,
property at 5375 Lenox Court,
Castle Rock 80104-5446,
Castlewood Ranch, $409,000.
Mary O. Livingston to Kenneth
and Judith F. Rutkowski,
property at 5020 Vermillion
Drive, Castle Rock 80108-9032,
Castle Pines Village, $400,000.
Adam and Tyra Sellers to Jeffrey
Scott Thetford and Jeanne
Seidel Thetford, property at
8781 Mourning Dove Lane,
Lee R. and Katharine H. Lindig
to David Shawn and Sheryl K.
Connor, property at 1674 Sand
Wedge Way, Castle Rock 801043706, Plum Creek Fairway 10,
$390,000.
William R. and Jennifer A.
Routon to Markus and Melissa
Lonnquist, property at 10032
Sage Sparrow Court, Highlands
Ranch, $389,900.
Joseph E. and Dee A. Beaudet to
Spencer M. and Julie C. Boggs,
property at 6179 N. Hurricane
Court, Parker 80134-5704,
Pinery, $388,000.
Janice L. Butler to Joseph C.
Romano, property at 15428
Flowergate Way, Parker 801349592, Stonegate, $385,000.
Andrew T. and Lacey M. Charles
to Glenn and Nicole Certain,
13860 W. 66th Drive, Arvada
80004-2025, property at 10272
Bentwood Court, Highlands
Ranch, $375,000.
Geoffrey C. and Rebecca A. Fry
to Ryan and Elaine Vaughn,
property at 16549 Amberstone
Way, Parker 80134-3726,
Stonegate, $370,000.
Craig C. McGuire Revocable
Trust to Michael Edward and
Erika Joy Humbert, property
at 12066 Pine Top St., Parker
80138-8694, Villages Of Parker,
$360,000.
Scott R. and Stephanie S. Ebert
to Samuel S. and Elizabeth E.
McKelvey, property at 10210
Royal Eagle St., Highlands
Ranch, $354,500.
Jefferson County
Colfax Investment Partners LLC
to E.J. Judd Partnership, 2222
S. Albion St. Suite 100, Denver
80222-4928, property at 5505
W. Colfax Ave., Lakewood
80214-1815, Edgewater,
$1,777,500.
Jerry J. and Tari M. Eggebrecht to
Deborah Lisa Hruza, property
at 6347 Willow Springs Drive,
Morrison 80465-2155, Willow
Springs, $895,000.
Jeffrey A. Chamberlain to
Hillary and Rommert
VanDerzee, property at 29603
Thimbleberry Lane, Evergreen
80439-8544, Hiwan Hills Block
3, $850,000.
Portledge Partners LLC to Oak
Tree LLC, 10128 W. Wesley
Place, Lakewood 80227-3071,
property at 4260 S. Wadsworth
Blvd., Littleton 80123-1308,
Academy Pike, $850,000.
Theodore R. Jr. and Mary V.
Rieple to Hamish B. and Gina V.
Walker, property at 1805 Prima
Lane, Evergreen 80439-9481,
Ridge At Hiwan, $835,000.
Nellen G. Jones to Garlan B.
Jr. and Jaime L. Moreland,
property at 678 Soda Creek
Drive, Evergreen 80439-9712,
Soda Creek, $750,000.
Richard G. and Barbara A. Schick
to Fred Albert and Trudi
Lynn Graffam, property at
8 Mountain Laurel Drive,
Littleton 80127-2227, Ken Caryl
Ranch Valley, $687,000.
James R. Urban to John B. IV and
Kathryn J. Booth, property
at 16361 W. Ellsworth Ave.,
Golden 80401-6538, Sixth
Avenue West Estates, $630,000.
Steven R. and Thea Jo Ferrie to
Jennifer and Marc A. White,
property at 16558 W. First Ave.,
Golden 80401-6505, Sixth
Avenue West Estates, $630,000.
Toll Co. LP to Min Zhang,
property at 14988 W. Warren
Ave., Lakewood 80228-6453,
Solterra, $618,600.
Gary E. and Karen S. Coates
to Kevin and Amy Kilburg,
property at 7 Summit Ash,
Littleton 80127-4355, Ken Caryl
Ranch Valley, $615,000.
Michael W. and Kathleen M.
Walker to J Bradford Geiger,
property at 5353 Devils Head
Circle, Golden 80403-2066,
Tablerock, $600,000.
Michael J. and Charlotte K.
Brazelton to Robert D. and
Dorie M. Dalton, property
at 1285 Lupine Way, Golden
80401-9182, Genesee,
$559,000.
Sean D. Brown and Jennifer L.
Jaskolka Brown to Ryan and
Lisa M. Hill, property at 17523
W. 60th Lane, Arvada 804037461, Fieldstone, $535,000.
Remington Homes Colorado
to Theodore W. and Carol L.
Michelsen, property at 2381
S. Juniper Circle, Lakewood
80228-6446, Solterra, $521,500.
Steven E. Altermatt to Katarina
VanVeen, property at 2472
Coors Drive, Golden 804012169, Applewood West,
$485,000.
Brad J. and Sandi L. Sundling
to Gary D. and Mary O. Field,
property at 7358 W. 96th Ave.,
Westminster 80021-4868, Fox
Meadow Estates, $475,000.
Dean A. and Jennifer C. Johnen
to Ben R. and Jessica M.
Wiederholt, property at 6265
Devinney Circle, Arvada
80004-6109, Wyndham Park,
$465,000.
K.D. Holdings LLC to Matthew J.
and Becky Sue Telfer, property
at 29145 Summit Ranch Drive,
Golden 80401-9765, (no
Brian P. and Heidi J. Hammell to
Mary E. Doherty, property at
9878 S. Johnson Way, Littleton
80127-8584, Chatfield Green,
$434,000.
Cutler Family Trust to Nathaniel
Wieler, property at 10489
Christopher Drive, Conifer
80433-8820, Conifer Mountain
Unit 9, $425,500.
Richard W. and Elizabeth Skulski
to Brian J. Chimileski, P.O. Box
3125, Winter Park 80482-3125,
property at 22073 Crestmoor
Road, Golden 80401-8805,
Panorama Estates, $411,000.
Rae Ann Coffman to John D. and
Tiffany R. Peterson, property at
7 Periwinkle, Littleton 801275794, Ken Caryl Ranch Valley,
$404,000.
Matthew and Julianne Brown
to J.G. and Brandee Price,
property at 32825 Saint Moritz
Drive, Evergreen 80439-6742,
Alpine Hills, $395,000.
Kevin F. and Kristine A. Fletcher
to Frank III and Debra Schillie,
Place, Golden 80403-1269,
North Foothills Estates,
$390,000.
Mary Beth Riss to H. Warrick and
Traci M. Jervis, property at 2
Claret Ash, Littleton 801273536, Ken Caryl Ranch Valley,
$389,900.
Randy Michael Starr to Mary P.
Miller Sudweeks, property at
5928 El Diente Court, Golden
80403-2043, North Table
Mountain Village, $389,000.
Timothy J. and Marykate H.
McCutcheon to Edward and
Jaime H. Scherer, property at
6020 W. Iliff Drive, Lakewood
80227-2512, Lakewood Estates,
$388,000.
Taylor Morrison Colorado to
Jack David and Carolyn Beth
Cochran, property at 9165
Ellis Way, Arvada 80005-1434,
Whisper Creek II At Wild Grass,
$385,200.
Troy and Sally Bane to Walter
D. and Patricia A. Jackson,
property at 9379 S. Jellison
Way, Littleton 80127-5919,
Chatfield Green, $384,000.
Stephen F. and Kimberly M.
Starzec to Benjamin E. Hughes,
property at 5396 Nelson St.,
Arvada 80002-4945, Skyline
Estates, $383,000.
Lester R. III and Lori L. Bowen
to Gregory and Angie Herrig,
property at 2817 S. Fig St.,
Lakewood 80228-5331,
Hutchinsons Green Mountain
Village, $382,700.
Patrick L. and Vicki A. Seal to
Gregory Critchfield, property
at 3300 Moore St., Wheat Ridge
80033-5532, Rolling Hills Blocks
6-8, $378,900.
Brian A. and Sandra M. Chavez
to Richard E. Klatt, property
at 10973 W. Aqueduct Lane,
Littleton 80127-1646, Sunrise
Creek, $375,000.
Frederick H. and Erika C. Maxwell
to Casey and Katherine
Korejwo, property at 5550 Oak
Court, Arvada 80002-1178,
Skyline Estates, $375,000.
Laurene A. Heinsohn, property
at 9164 Ellis Way, Arvada
80005-1434, Whisper Creek II
At Wild Grass, $371,300.
Pamela C. Capaldi to Leonard A.
and Mia A. Somers, property
at 225 Kimball Ave., Golden
80401-6901, Heritage Dells,
$369,000.
Enclave At Boyd Ponds LLC to
Casey N. Colclasure, property
at 15960 W. 62nd Drive, Arvada
80403-2197, Boyd Ponds,
$363,800.
John W. and Toni M. Ziska to
William L. and Gail Rickman,
property at 4090 Field Drive,
Wheat Ridge 80033-4358, Bel
Aire, $358,000.
Daryl C. and Joan E. Masztaler,
property at 9130 Fig St., Arvada
80005-1422, Whisper Creek II At
Wild Grass, $355,000.
Michael J. and Betty La Rae
McNierney to George W. Klee
Trust, property at 8487 W.
Quarles Place, Littleton 801288910, Ridge At Stony Creek,
$355,000.
Jimmy D. and Mary E. Pierce to
Edward and Lindsey Benks,
4450 Yates St., Denver 802122427, property at 9405 W. 73rd
Place, Arvada 80005-4213,
Paradise Acres, $351,700.
Brookfield Relocation Inc. to
Patrick and Ann Hampton,
property at 7754 S. Brentwood
St., Littleton 80128-8278,
Columbine Knolls South,
$350,000.
NEW LAWSUITS FILED
Plaintiff vs defendant, type of
action, case number, filing date.
Adams County
Karen Ryan vs. Dollar Tree Store
Stores Inc., personal injury,
case #12CV700, 06/14/12.
NAS Recruitment
Communications vs. Colorado
Smart Staff Inc./fka and dba JFI
Employment Resources/Mile
High Employment, services
rendered, case #12CV703,
06/14/12.
Brent Bowen and Edith Bowen
vs. Lennar Colorado LLC, fraud,
case #12CV707, 06/15/12.
Arapahoe County
Gregory E. Rand/Traci Rand
Individually and on behalf of
Stephanie Rand and Logan
Rand minors vs. Corinne F.
Brogren/Bruce Hamon/Hamon
Contractors Inc., personal
injury motor vehicle accident,
case #12CV1142, 06/14/12.
Boulder County
Mary Sanchez vs. Henry Karr/
FedEx Office and Print Services,
personal injury motor vehicle
accident, case #12CV0500,
06/04/12.
Johnny Tuan Thach Anh Bui vs.
Green Medicals LLC/fka Green
Medicals Inc., money, case
#12CV0504, 06/05/12.
Ceva International Inc. vs. Revert
Inc./dba Radiant Data Corp./
fka Peak Data Services Inc.,
goods sold & delivered, case
#12CV0505, 06/05/12.
J.S. International Shipping
Corp. dba JSI Shipping aka
JSI Logistics vs. Revert Inc./
aka Rivert Inc./fka Peak Data
Services Inc. et al., money, case
#12CV0511, 06/07/12.
Kathleen Roemer vs. Boulder
Medical Center PC/Boulder
Medical Building Inc., personal
injury, case #12CV0517,
06/11/12.
Jack Pease dba 5735 LLC vs. JDC
Enterprises LLC/Dominick
Kessaris, breach of contract,
case #12CV0518, 06/11/12.
Volvo Construction Equipment
Rents Inc. vs. Crall Companies
LLP/Steven P. Crall/Bret Crall,
breach of contract, case
#12CV0527, 06/13/12.
Debra L. Sander vs. NRT Colorado
LLC/dba Coldwell Banker
Residential Brokerage/Karen L.
Bernardi et al., negligence, case
#12CV0531, 06/14/12.
Denver County
Rhonda Chase vs. Star-Tek
Holdings LLC/ReMax
Professionals City Properties
(Interpleader Defendant),
breach of contract, case #12CV
3667, 06/13/12.
Liberty Acquisitions Servicing
LLC vs. Shane W. Sills/Starla J.
Stills/Steamboat Kitchen and
Bath LLTP LLP, note, case #12CV
3669, 06/13/12.
Sheryl Williams Stapleton vs.
Marriott Denver Tech Center/
Marriott International Inc./dba
Marriott et al., personal injury,
case #12CV 3673, 06/14/12.
Arnold Krause vs. Wal-Mart Stores
Inc., personal injury, case #12CV
3674, 06/14/12.
Integral Recoveries Inc. vs. Cherry
Grove, services rendered, case
#12CV 3700, 06/14/12.
State of Colorado Department of
Personnel et al vs. Heart Check
America-Denver LLC/dba Heart
Check America/Sheila Haddad
et al., money, case #12CV 3701,
06/14/12.
Leticia Mickelson vs. Denver
Airport Authority, personal
injury, case #12CV 3702,
06/14/12.
Brett Lamar et al vs. Stephen
Wolfe/Sense of Healing LLC,
breach of contract, case #12CV
3714, 06/14/12.
Rampart Plumbing & Heating
Supply Inc. dba Water Systems
Inc. vs. Builders Bathtubs Inc./
Mark George Hankinson/
Margaret Hankinson et al.,
money, case #12CV 3704,
06/15/12.
Joe Hand Promotions Inc. vs.
Laura A. Newman LLC/dba
Herb’s Jazz & Blues/aka Herb’s
Hideout, breach of contract,
case #12CV 3715, 06/15/12.
Palace Lofts Condominium
Association vs. McDonald
Waterproofing Inc./
BornEngineering Inc./Neil
Mekelburg et al., negligence,
case #12CV 3718, 06/15/12.
The Denver Post LLC vs. Wine
Valley LLC/dba Twig’s Wine Bar/
Pickle’s Deli LLC et al., money,
case #12CV 3723, 06/15/12.
Amanda G. Duran vs. Dillon
Companies Inc./dba King
Soopers, personal injury, case
#12CV 3727, 06/15/12.
Teresa Rossi vs. Federal Boulevard
Apartments LLC/dba Park Place
at 92nd, personal injury, case
#12CV 3729, 06/15/12.
Builders Warehouse Inc. vs.
Westar Framing Inc., goods
sold & delivered, case #12CV
3731, 06/15/12.
COURT JUDGMENTS
Plaintiff vs defendant, amount,
prevailing party, case number,
reception number, recording
date.
Adams County
Capital One Bank (USA) NA vs.
Jenelle B. Lucier/JBL Designs
LLC, $1,347, plaintiff, case
#11C056920, reception no.
2012000043035, 06/14/12.
Capital One Bank (USA) NA vs.
Mercy Cruz dba Los Cruz
Catering, $10,353, plaintiff,
case #11C056899, reception no.
2012000043024, 06/14/12.
Arapahoe County
Pioneer Materials West Inc. vs.
Range Drywall Stucco LLC/
Milton G. Crowe, $2,958,
plaintiff, case #12 C 303849,
06/08/12.
Stride Card LLC vs. Terry Erwin/
Private Resources LLC (foreignSummit County), $22,568,
plaintff, case #12 CV 000106,
06/08/12.
Murray Motor Imports Co. vs.
Cherry Creek Collision Inc./
Stephen Zinanti Jr., 1425
S. Lipan St., Denver 80223,
$32,781, plaintiff, case #10
CV 001745, reception no.
D2062752, 06/11/12.
DDR MDT Pioneer Hills LLC
vs. Restaurant Realty LLC/
Quiznos, $19,731, plaintiff, case
#12 CV 200231, reception no.
D2063374, 06/12/12.
Denver County
3522 Alcott St. LLC vs. AB Ryken
& Associates LLC/Michael
Norman Bennett/Matthew Lee
Aurth, $908,617, plaintiff, case
2012073389, 06/06/12.
Jon Van Rees Sr. dba
Exquisitecrystals.com aka
John Vanrees Sr. vs. Unleaded
Software Inc. aka Unleaded
Group, $21,899, plaintiff, case
2012076502, 06/12/12.
NBH Bank NA vs. Clydesdale
Investments LLC/PLM LLC/
Rocci Trumper/Allan Braun/
Erik G. Fischer/Gary Westlind
(foreign-Larimer County), 108
N. Sixth Ave., Greeley 80631,
$2,333,771, plaintiff, case
2012076357, 06/12/12.
BUILDING PERMITS,
COMMERCIAL
Boulder County
Concreations Inc., commercial
alteration at 2801 Iris Ave.,
(tenant alteration/relocate
walls/enlarge restroom/
commercial-retail), $57,000.
Facilities Contracting Inc.,
commercial alteration at 3215
28th St., (replace mansard roof
with EIFS parapet at height
of existing roof/commercialretail), $98,649.
Faurot Construction Inc.,
N. 57th Court, Enterprise
Management Associates
(tenant remodel 1st floor/install
walls/associated utilities/officetechnical), $161,233.
Milo Construction Corp.,
13th St., (tenant remodel of
restaurant/add 2nd prep area
& seating area by expansion to
adjacent space), $90,532.
Narvaes Western LLC, commercial
alteration at 637 S. Broadway
H, Escoffier School of Culinary
Arts (tenant remodel/replace
hood & piping/install wall),
$150,000.
Quinlan Construction Inc.,
55th St., (tenant expansion/
reconfigure interior walls for
offices/redesign reception/
manufacturing), $54,236.
Denver County
Alpine Demolition Inc.,
commercial addition/alteration
at 235 S. Cherokee St.,
(demolition), $142,000.
Bison Construction Inc.,
at 2120 Blake St., $325,000.
Boots Construction Co.,
at 4610 S. Ulster St., (lobby),
$334,583.
Catamount Constructors Inc.,
at 3909 E. Evans Ave., $363,000.
EGC Services Inc., commercial
addition/alteration at 920 S.
Monaco St. Parkway, $150,000.
Hill Commercial Construction LLC,
at 50 S. Steele St., $500,000.
Hitt Contracting Inc., commercial
addition/alteration at 1825
Arapahoe St. No. 1, $412,890.
Integrated Interiors &
Construction LLP, commercial
addition/alteration at 6116 E.
Warren Ave., $74,244.
Interior Alterations Inc.,
at 2000 S. Colorado Blvd. No.
110, $61,450.
Interior Alterations Inc.,
at 1625 N. Broadway No. 720,
$85,000.
Interlock Construction Corp.,
at 951 N. Elati St., $248,679.
James R. Howell & Co Inc.,
at 1900 16th St. Suite 500,
$380,257.
Johnston Construction Co. Inc.,
at 2929 S. Monaco St., $120,000.
Mortenson Hunt Saunders Joint
Venture, commercial addition/
alteration at 8400 Pena Blvd.,
$5,700,000.
Provident Construction Inc.,
at 1595 Wynkoop St. No. 1,
$135,000.
Provident Construction Inc.,
at 1560 N. Broadway No. 1099,
$85,000.
Saunders Cosntruction Inc.,
at 1835 N. Franklin St., (floor 1),
$108,824.
Tres Birds Inc., commercial
33rd St. No. 1-2, $825,655.
BUILDING PERMITS,
RESIDENTIAL
Boulder County
CDC Development/Porchfront
Homes, single-family residence
at 3973 Springleaf Lane, Lot 2
Block 2 Forest Glen, $450,000,
4,523 square feet.
Coast To Coast Residential
Development, single-family
residence at 4111 Westcliffe
Court, Lot 21 Northfield Village,
$495,647, 5,581 square feet.
Jamey Valentine Construction,
single-family residence
Eighth St., (add front porch/
install dormer/remodel entire
residence), $300,000, 66
square feet.
Jonathan Webb (owner), singlefamily residence at 2686 Fourth
St., Lot 2 Block 2 Mountain
Heights, $332,871, 4,113
square feet.
Denver County
Caliber Construction LLC, singlefamily residence addition/
alteration at 2345 W. 32nd Ave.,
$100,000.
Canady Construction Inc., singlefamily residence addition/
alteration at 130 N. Vine St.,
$150,000.
CDL Homes Inc., single-family
residence addition/alteration
at 3278 N. Syracuse St.,
$198,748.
$109,748.
$109,748.
David C. Williams, single-family
at 3300 E. Flora Place, $112,000.
FC Stapleton II LLC, single-family
at 2402 N. Uinta St., $71,638.
$109,748.
$109,748.
at 2404 N. Uinta St., $80,640.
GJ Gardner Homes Denver,
multi-family residence at 2053
S. Clayton St., $221,000.
GJ Gardner Homes Denver,
multi-family residence at 2049
S. Clayton St., $221,000.
Infinity Home Collection at
Stapleton LLC, single-family
residence at 7799 E. 32nd Ave.,
$221,696.
Infinity Home Collection st
Stapleton LLC, single-family
residence at 7779 E. 32nd Ave.,
$249,527.
KB Home of Colorado Inc., multifamily residence at 2906 N. Iola,
$118,607.
$118,607.
KB Home of Colorado Inc., multifamily residence at 2910 N. Iola
St., $130,997.
$95,232.
Kuhn Construction, single-family
at 1929 N. Kearney St.,
$225,000.
Oakwood Homes LLC, singlefamily residence at 5547 N.
Malta St., $144,194.
Oakwood Homes LLC, singlefamily residence at 21081 E.
Randolph Place, $144,194.
Oakwood Homes LLC, singlefamily residence at 21001 E.
Randolph Place, $170,060.
Oakwood Homes LLC, singlefamily residence at 5553 N.
Lisbon St., $103,432.
Parkwood Homes-Stapleton II
Inc., single-family residence at
8119 E. 32nd Ave., $342,784.
Parkwood Homes-Stapleton II
Inc., single-family residence at
8179 E. 32nd Ave., $470,579.
Standard Pacific of Colorado Inc.,
single-family residence at 3300
N. Uinta St., $253,512.
Standard Pacific of Colorado Inc.,
single-family residence at 3107
N. Ulster Court, $242,000.
Weekley Homes LLC, singlefamily residence at 8054 E. 31st
Ave., $191,892.
Weekley Homes LLC, singlefamily residence at 886 N.
Ulster Way, $238,500.
Business Marketplace
PROfESSIONal CaREER SEaRCh
SYSTEMS CONVERSION ENGINEER
Fast Enterprises headquartered in Denver requires conversion engineer responsible
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For a complete job description and minimum requirements go to
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Respond with your resume to:
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CLASSIFIEDS
JUNE 29-JULY 5, 2012 |
A23
BUSINESS MARKETPLACE
LEGAL NOTICES
NOTICE TO CREDITORS
NOTICE TO CREDITORS*
Estate of Ellen Victoria Murphy,
a/k/a Ellen V. Murphy, a/k/a Ellen
Murphy, Deceased Case Number
2012 PR 505. All persons having
claims against the above-named
estate are required to present them
to the Personal Representative or
to Denver Probate Court of the City
and County of Denver, Colorado on
or before October 30, 2012, or the
claims may be forever barred.
Estate of MARIAN A. STINSON, aka
MARIAN S. STINSON, Deceased.
Case Number 2006 PR 1796
All persons having claims against
the above-named estate are required to present them to the personal representative or to Probate
Court of the City and County of
Denver, Colorado on or before October 15, 2012, or the claims may
be forever barred.
Richard James Murphy
2632 W 37th Ave.
Denver, Colorado 80211
Michael Taylor,
Personal Representative
624 Pine Branches Circle
Leland, NC 28451
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CMYK VERSION
| June 29-july 5, 2012
from the front
on facebook: denverbusiness online: denverbusinessjournal.com on twitter: denbizjournal
A24
West Highlands carries on fight against apartments
By Dennis Huspeni
So far, the only legal challenge to Denver’s 2-year-old zoning code overhaul has
come from a handful of residents in the
west Highlands neighborhood, who are
fighting a multifamily apartment development off West 32nd Avenue and Lowell
Boulevard.
RedPeak Properties LLC has plans for
a $32 million, three-building development that could include 150 units and
about 10,000 square feet of retail. An advocacy group called “No High Rises in
West Highlands” has fought the development, saying it’ll decrease the values of
single-family homes across the street and
bring too much traffic to the area, and the
proposed four-story height of some of the
buildings is too high.
Area property owners Peter Brey, Don
Fowler, Dennis and Lynn Keane, Todd
Lilienthal, Bea Lopez, Christine Manesis,
Gail Montoya, Richard Montoya and Victoria Rozales filed a lawsuit in Denver District Court, alleging the zoning code put
on the area, U-MS-5, violated city planning document Blueprint Denver.
The suit states the city’s enacting of the
new zoning code in that area was “arbitrary, erroneous and not a proper exercise of the police power as applied to the
property because it was not intended to
further a comprehensive general zoning
plan and as a result created an impermissible spot zoning.”
It asks that the ordinance creating the
new zoning in 2010 be reversed and remanded back to the City Council for rezoning of that property “consistent with
the provisions of Blueprint Denver and in
conformity with surrounding properties.”
Suit names City Council, others
The lawsuit names Denver’s City Council as a defendant, along with RedPeak
and businesses controlled by landowner
Tom Wootten, the Denver businessman
who, with other investors, is selling the
parcels in question to RedPeak.
Plaintiff attorneys Jack and Karen Reutzel, and Curtis R. Henry, all of Littleton,
didn’t return calls seeking comment.
RedPeak officials declined to comment
on the pending litigation, other than to
confirm it’s filed a motion to dismiss the
lawsuit.
Assistant City Attorney Kerry Buckey
said the plaintiffs have a “heavy burden”
to prove their case, as the City Council’s
action was a legislative initiative.
“It’s very unusual to sue over a legislative action,” he said.
Even if the lawsuit were successful, the
previous zone for the parcels was R-4,
which allowed for even denser development with higher buildings than the
U-MS-5 allows.
Work on the development continues,
according to sources close to the deal.
zoning: Builders say new code clearer, more consistent
continued from A1
Developers, architects and land-use attorneys agree it seems to be working. And
even when pressed for negative feedback
about, or unintended consequences from
the new zoning code, the experts said
they’ve heard almost no complaints.
“The process is pretty fluid, and it’s
gone well,” said Paul Books, president of
Palisade Partners LLC of Denver.
Palisade went into new multifamily
development in the past couple of years.
Previously, it focused on refurbishing older apartment buildings. It broke ground
in early June on a 73-unit building at 1736
Boulder St., Denver, in LoHi — which fell
into the CMX-5 zone, one of seven new
zoning areas.
Books said the new code is working well
because of the city’s new Development
Services office. One point-of-contact representative from that office is assigned to
each new development project and all city
agencies, such as the building department, work through that office instead of
separately.
“It’s been a huge upgrade in clarity and
consistency,” said Chris Crosby, executive vice president for Denver’s Nichols
Partnership LLC, which is developing a
multifamily complex near Denver Union
Station, two smaller build-to-suit office
buildings in the city and another apartment building at 19th Avenue and Gaylord
Street. “The Development Services group
has been excellent to deal with.”
Zoning-change requests declining
Under the old zoning code, zonechange requests often led to confrontations between developers, area residents
and city officials. But that seems to have
subsided.
In 2008, the city approved 52 zoningchange requests. That rose to 55 in 2009.
But in 2010 — the first six months after the
new code became law included a built-in
grace period during which developers
could file under the old or new zoning
code — there were only 13 zoning-change
requests approved and three denied. Last
year, 21 requests were approved, according to city records.
Developers said instead of spending
money battling neighbors and city hall
with zoning-change requests, their resources are better focused on improving
project quality.
Work on the new form-based zoning
Molly Urbina, interim manager, Community Planning and Development for the City of Denver, says the number of applications for projects sent to the city is picking up this year.
code began in earnest in 2005. It included
seeking input from both business and
residential interests, remapping the entire city and drafting the plan.
Brad Buchanan, principal of Denver architecture firm RNL Design Inc., was on
the city’s zoning code task force.
“It was a terrifying moment when we
realized the only way to truly make a zone
district the right zone district was to map
the entire city,” Buchanan said. “It was
like, ‘Holy cow. We’re not just doing a new
zoning code but remapping the entire city
with one fell swoop.’ It was Herculean, but
we knew it was the only way. That probably added more than a year of work, but
it was absolutely critical to do.”
The old zone code was based on what’s
called a floor-area-ratio (FAR), which
dealt with the relationship between the
above-ground floor area of a building
and the land it stands on. Buchanan said
that zoning is what led to different-sized
buildings on Colfax Avenue.
“It didn’t support context, which is why
you have a big building, then a little building next door,” Buchanan said.
Colfax Avenue was designated with
the first “main street” zone that the city
now commonly uses. New developments
on East Colfax Avenue under the new
code include the new Sunflower/Sprouts
market, Argonaut Liquors’ remodel and a
7-Eleven convenience store.
“I feel like people are fairly impressed
with what’s going on with Colfax,” Books
said. “The form-based zones helped
there. I’ve only heard positive things, as
opposed to negative.”
Old code led to ‘patchwork’ development
Land-use attorney Jim Mulligan, of Snell
& Wilmer LLP of Denver, summarized the
old code like this: “It included housing in
one area, retail in another area and never
the twain shall meet,” which made for a
patchwork of planned-unit development
zones around the city.
“From my perspective, the form and
context-based zoning will improve the
market going forward,” Mulligan said. “A
lot of things are moving from single to
mixed use, and it creates more integration.”
Mulligan has represented Forest City
Stapleton Inc. and Opus Development
Corp., and helped provide industry input
to city officials when the new zoning ordinance was created.
“From the clients I’ve worked with,
what I’ve heard is a great majority say the
new code concepts make good sense,”
he said. “It’s flexible and mixed-use, and
there are exceptions for certain parts
of the city. ... The framework of the new
code makes all sorts of sense from a business perspective.”
“The goal was always that requests
conform to the new code, but have a little
flexibility that the old code didn’t provide,” Urbina said.
A handful of cities around the nation,
including Aurora, are moving toward
form-based zoning.
Urbina said it’s hard to tell if the goals
have been fully realized, as “we’re just
starting to see development happen
again.”
She emphasized it’s still a “living,
breathing document” and city officials
continue to make minor tweaks along the
way.
“There was this fear that once the new
code happened, it would never change
again,” Urbina said. “But we’ve been addressing things as new developments test
it.”
“Transition takes time with anything
this comprehensive,” Mulligan said. “But
the framework is now in place. With the
city’s new permitting system, the combination of the two has made Denver much
more business friendly towards economic
development and business development.”
FROM THE FRONT
JUNE 29JULY 5, 2012 |
A25
WORKERS: Tech employees
quitting to shop around
CONTINUED FROM A1
recruiting firm. It’s that 2.1 million U.S.
professionals voluntarily left their jobs in
March, up 18 percent from a year before,
according to federal labor statistics.
That includes a growing number of technically qualified workers who are quitting
their jobs to test the market for their skills,
taking more lucrative short-term contracts
or going from project to project in search
of better pay, more free time or different
professional opportunities, he said.
“When IT workers start hearing their
friends finding contract work that pays
better, that’s when they start considering
their options,” Hellmuth said. “It does end
up being a bit of a tidal wave of turnover
once people generally believe the economy has turned around, and we may be
getting close to that.”
There have been more “buzz” about job
opportunities in tech than Hellmuth has
seen since 2007, and perhaps any time
since the 1990s dot-com boom.
“And it’s much more difficult to refi ll positions with the same level of quality than
it was a just couple years ago,” he said.
JOBLESS RATES: Here’s how the unemployment rates for various technology
jobs compares with the overall rates for
all types of work for Colorado and the U.S.
2.5% Computer network architect
3.1%
3.6%
System information
manager
Software developer
8.1%
Colorado
8.2%
U.S.
Sources: Robert Half Technology, U.S. Bureau of Labor
Statistics
STRONGER
TOGETHER.
L. WAYNE HICKS | BUSINESS JOURNAL
said. “If you look more at what makes people thrive, it’s what they’re going to learn,
what opportunities they have ... and havTrying to prevent turnover
ing something they’re passionate about to
Employers know this, too. Andre Du- work on.”
Effective UI makes a point to take work
rand, CEO of Denver-based Ping Identity,
has watched his company’s employee for nonprofit causes and give workers opturnover rate linger well below what he’d portunities to be involved with those “noexpect historically. Among his primary ble cause” clients, she said.
But there’s not enough of that work to go
concerns, as Ping has hired and grown
to meet demand for its cloud computing around, so Effective UI also creates “SWAT
security products, is trying to prevent an teams” of veteran workers to handle unusual internal projects, such as redesignexplosion of employee turnover.
“Is there a pent-up demand for changing the company’s office space, or improving jobs when the economy reaches a ing its remote collaboration technology
and work flow. The
certain point? Probcompany tries to recably,” he said. “That’s
why we’re trying to
‘When IT workers start hearing ognize employees at
company staff meetbuild an organization where employees their friends finding contract work ings for hitting goals
or excelling in some
have opportunities to
grow, and where peo- that pays better, that’s when they way, Flavin said.
Global advertising
ple will want to stay.”
Studies and recruitstart considering their options. giant WPP, based in
London, bought Efers have said, during
the recession, that
It does end up being a bit of a fective UI this spring,
making it a subsidskilled tech workers place as high a
tidal wave of turnover once iary company still
run from Denver. The
priority on healthy
work-life
balance,
people generally believe the new ownership gives
Effective UI employprofessional growth
opportunities, flexeconomy has turned around, and ees chances to work
at a wider range of
ible schedules and
telecommuting opwe may be getting close to that.’ clients, opportunities
to work in various
portunities as they do
on pay and benefits.
Ted Hellmuth cities and training
But that may be
Robert Half Technology opportunities they
didn’t have before —
changing.
and all of that should
Salaries have risen across the tech industry, and really help with retention, Flavin said.
In addition, Effective UI tries to enjumped for specialty expertise. At the top
end, the salaries of U.S. mobile software courage workers to take part in conferdevelopers jumped 9 percent this year ences and industry organizations. That
compared to 2011; also, senior web de- burnishes their professional credentials,
veloper and database developer pay both which can make them more enticing to
jumped 6.9 percent, Robert Half’s annual other would-be employers, but also helps
them feel more recognized among their
salary survey found.
At Effective UI, the company is over- industry peers and helps them take pride
hauling its bonus system to reward em- in their job at Effective UI, Flavin said.
“I think that stuff is more powerful than
ployees and help in retention, Flavin said.
But wages, benefits and flexible schedules businesses often realize,” she said. “You
only go so far in retaining workers whose can throw out a lot of one-time things to
help with employee retention, but what it
skills are in high demand, she said.
“You’ve got to be competitive, of course, comes down to in the long run is culture.”
but when it comes to money and benefits,
somebody can always outbid you,” Flavin GAVERYbizjournals.com | 3038039222
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| June 29-july 5, 2012
from the front
A26
Pure Barre: Studio stretching its brand to offer more
continued from A1
expects the 100th Pure Barre franchise to
open in December.
Her success hasn’t gone unnoticed. Earlier this month, Dorr was invited to the
White House with other entrepreneurs to
provide tips on how the government can
help jump-start the economy.
Like most entrepreneurs, Dorr took a
risk opening that first bare-bones studio,
leaving behind a career as a lawyer in Detroit. Dorr has a law degree from Wayne
State University in Detroit, and a bachelor’s degree in business law from Michigan State University.
“There’s a misperception that women
in spandex aren’t smart,” she said.
Dorr eventually ended up in Los Angeles, because she knew she needed to be in
California to really sell her unique fitness
routine, which revolves around a ballet
barre. She founded the franchise company there in 2009.
“That’s how this company was funded.
I would start a location, build it up and
sell it,” Dorr said. “I did that several times.
That’s how I got my seed money.”
But she knew she didn’t want to live in
Los Angeles forever — she’s a Midwestern
girl, having grown up in Michigan. She
was planning to move the company to
Vancouver or Chicago.
Things don’t always go as planned.
When Dorr, then Carrie Rezabek, was
launching her first Colorado Pure Barre
location in Cherry Creek in 2009, she met
the man who is now her husband, Frank
Dorr.
So the headquarters for Pure Barre
ended up in the Lower Highlands area
Carrie Rezabek Dorr, founder of Pure Barre, says, “I’ve always thought of Pure Barre as a women’s lifestyle
brand, not a franchise.”
of Denver, and her husband became the
company’s CFO.
“It was for love,” Dorr said, laughing. “I
had no intention of settling down. I was
a gypsy. But he kind of stopped me in my
tracks.”
The Dorrs are now expecting their first
baby, and Carrie Dorr is getting ready to
shoot a pre-natal DVD series for pregnant
moms this fall.
In fact, Pure Barre already has moved
beyond exercise studios to include several
retail products, including at-home barres,
10 DVDs for in-home exercise, skin-care
products and a line of nutrition bars.
“I’ve always thought of Pure Barre as a
women’s lifestyle brand, not a franchise,”
Dorr said.
She also recently launched the “pureneur program,” which aims to help newly
started, female-run businesses succeed.
The empowerment of women is important to Dorr, as it is to her clients and franchise owners. All of Pure Barre’s franchisees are women, and about “99 percent”
of class participants are women, she said.
And Dorr is fine with that. “It is what it
is. It was designed by women, it’s taught
by women, and it’s woman-owned. We
know our market.”
Plus, she noted, “most men don’t care
about lifting their seats or tapering their
hips, and that’s two areas we really focus
on at Pure Barre.”
Briget Russomanno opened her Pure
Barre franchise in Greenwood Village in
September 2010, and she said it’s “grown
in amazing ways in the last two years. Our
numbers are great.”
Russomanno described Pure Barre
franchise owners as “a sisterhood.”
“We just had our owners’ conference get-
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together, and it was a really empowering,
exciting weekend,” she said. “I’m so happy
to be doing what I love and am passionate
about, not only on the fitness side, but also
in helping women change their lives.”
Pure Barre franchises cost $75,000 to
$80,000, which includes the franchise
fee, and often are profitable within a year,
Dorr said.
“It’s because the workout really works,”
she said. “We don’t recruit franchisees or
go to expos. The technique really changes
people’s bodies. And our franchising model is extremely successful and profitable.”
Mary Jane Rogers, a Denver spokeswoman with New York-based JPMorgan
Chase & Co. (NYSE: JPM), said Pure Barre
workouts give her “a good sense of sore.”
“You work a muscle to fatigue and then
stretch it deeply,” she said. “Something
about that combination makes you less
sore.”
Rogers said the social pull of the women
who go to her Pure Barre studio in Westminster helps motivate her.
“There are young women there, women
in their 40s and 50s, girls in their teens and
20s, and some who come with their mothers,” she said. “It’s really inspirational. I
plan to bring my daughter, Sheridan.”
For Dorr, beyond becoming a mom
soon, she plans to keep Pure Barre’s overhead costs low and continue to add franchises, as long as she can keep finding
franchise owners who are “rock stars.”
“Did I know anything about franchising? No way,” she said. “But law school
trains you to figure anything out. Now I’m
the CEO of a 100-franchise company.”
FROM THE FRONT
JUNE 29JULY 5, 2012 |
A27
Village Inn parent to buy another restaurant chain
BY MARK HARDEN
The parent of the Denver-based Village
Inn restaurant chain is buying another
eatery brand, J. Alexander’s Corp.
The deal for Nashville-based J. Alexander’s (Nasdaq: JAX) is valued at $72 million. The purchase must be approved by J.
Alexander’s shareholders.
Under the deal, J. Alexander’s will be
added to the growing list of restaurant
brands operated by American Blue Ribbon Holdings LLC.
ABRH — formerly based in Denver, and
now headquartered in Nashville— is par-
ent of the Village Inn chain among several
others.
Not including the J. Alexander’s acquisition, ABRH operates 650 company and
franchise restaurants in more than 40
states.
The previous owner of the Village Inn
and Bakers Square chains, Denver-based
Vicorp Restaurants Inc., was sold to ABRH
in 2009.
ABRH is owned by Fidelity Newport
Holdings LLC, a joint venture of Jacksonville, Fla.-based Fidelity National Financial Inc. (NYSE: FNF) — also the country’s
largest provider of title insurance — as
well as Newport Global Opportunities
Fund LP and other investors. Fidelity National Financial currently owns a 55 majority share in the venture.
“J. Alexander’s provides the upscale casual restaurant guest with a high-quality
dining experience and outstanding professional service. We are proud to add J.
Alexander’s to American Blue Ribbon
Holdings’ existing restaurant concepts,”
Fidelity National Financial Chairman
William P. Foley II said in a statement.
Under the deal, announced June 25, J.
Alexander’s shareholders can elect to be
paid $12 a share they now hold, or get one
share of ABRH stock and $3 cash. J. Alexander’s stock closed at $9.90 Friday.
J. Alexander’s has 33 restaurants in 13
states, including one in Centennial near
the new Ikea store.
In February, Fidelity acquired another
Nashville-based chain on behalf of ABRH,
the 340-location O’Charley’s.
ABRH also operates the Max & Erma’s,
Stoney River Legendary Steaks, Ninety
Nine and Legendary Baking brands.
FIRST REPORTED ONLINE
@denverbusinessjournal.com
VESTA: 15-year-old eatery mixes ‘trendy with depth’
CONTINUED FROM A3
bergamo, who wrote the first press release
for the fledgling eatery, is astounded how
wildly popular Vesta has remained.
“It’s hard to stay hip in a town that tends
to discard hip pretty quickly,” Imbergamo
said. “In a town where trendy is very ethereal, Vesta’s trendy has lasted 15 years ...
They’re trendy, but they’re not superficially trendy. They’re trendy with depth.”
That depth is found in the food — entrees such as venison, scallops or beef
tenderloin that are made to stand on their
own but come with edgy dipping sauces
that accentuate their flavors.
Josh Wolkon and Selby — who became
Vesta executive chef at 23, just three
months after it opened — jettisoned the
skewers and have evolved the menu, but
the concept of dipping fancy food in a relaxed atmosphere has remained.
Eight months into its existence, Vesta
was drawing reservations for 300 to 400
people on a weekend night, and those
numbers have stayed steady for nearly
15 years, Selby said. That’s rare in such
a volatile industry. In 2009, when many
restaurants were hammered, Vesta sales
dipped just 3 percent, and profits rose as
Wolkon tightened spending.
That steady success for many years led
to the 2006 opening of Steuben’s, one of
the first of Denver’s recent spate of highquality diners. The staff wanted to create
familiar regional favorites, and it flies in
lobsters for the lobster roll and trucks up
chiles from New Mexico for the green chili
cheeseburger. Seats at brunch are among
the most coveted in the city.
Two of Volkon’s longtime chefs wanted
to do something new, and that led to Ace.
Wolkon first looked at the 9,000 square
feet of indoor space and the 3,000-squarefoot patio linking Ace and Steuben’s in
the 500 block of East 17th Avenue, and
realized it was twice the size of his other
two restaurants. That made him decide
to set up 10 pingpong tables. Then, after
contemplating a pizza parlor or Jewish
deli, his staff pushed for the chance to do
something a little more adventurous, and
it settled on offerings such as dim sum,
noodles and bao buns.
While no one knows whether such a
concept will fly in Denver — pingpong
clubs, including a chain owned partly
by actress Susan Sarandon, are getting
trendier — there’s likely to be significant
community support for the venture mirroring the support Wolkon has given to
the community. That’s because the restaurant executives have strived to generate good will with their support of chari-
Partners at Vesta Dipping Grill celebrate 15 years: executive chef Matt Selby, Josh Wolkon and Jennifer Wolkon.
ties, such as Urban Peak.
Also, Wolkon and several employees
helped to found EatDenver, the organization of independent restaurants that
helps to promote locally owned businesses. And Shelby chaired Taste of the Nation
Denver, which helps to fight childhood
hunger, for three years.
“We started with recognizing there’s a
responsibility that comes with operating
a popular restaurant, and that is to give
back to the community,” Wolkon said.
Line cooks from Vesta have gone on to
become sous chefs or executive chefs at
Denver hot spots such as Lola, Mizuna
and Duo. Many will be back for an anniversary event, where the food will be edgy,
the service will be spirited and donations
will be taken for charity, as always.
“I like to think we helped contribute to
the overall dining scene and we inspired
a lot of other restaurateurs and chefs
to make Denver a better dining town,”
Wolkon said. “When you see other passionate restaurateurs adding to our city,
it’s inspiring.”
ESEALOVERbizjournals.com | 3038039229
Construction is under way at Ace, a new restaurant at East 17th Avenue and Pennsylvania Street — another
venue from Josh Wolkon.
| June 29-july 5, 2012
from the front
A28
Housing: Stapleton set aside land for affordable homes
continued from A3
is not about how much money you make,
but shared values. The person in the affordable housing wants the exact same
thing for their children the people in the
$1 million home across the street want.”
Mercy Housing, a Denver-based nonprofit, has 16 complexes in the state with
943 units of housing for seniors, transitional, special needs, family and “supportive” services.
The two Stapleton developments were
ground-up construction projects. But
Mercy Housing also refurbishes buildings, such as the 66-unit Aromor Apartments, 1309 Grant St., Denver.
The organization reported 2011 revenue
of $202.33 million, with $228.80 million
in expenses and losses, for a $26.47 million loss.
But it had $1.8 billion in total assets,
mostly in 270 properties nationwide with
16,486 units. That’s a 10-year increase of
almost 10,000 units.
In 2009, Mercy Housing generated
$162.93 million in revenue, with $181.70
million in expenses, for a $18.77 million
loss.
The nonprofit derives income from both
donations and a loan fund it operates for
other affordable-home, not-for-profit
builders that loaned out $213 million in
2011; a housing-management group; and
portfolio services. Its biggest moneymakers in 2011 were the housing development
division with $18 million in revenue and
the corporate services division at $13.4
million.
Forest City Stapleton Inc., the area’s
master developer, signed an agreement
Mercy Housing has developed the Bluff Lake Apartments, located at 10295 E. 31st Ave. in the Stapleton area
of Denver. It provides affordable housing.
with the City of Denver in 2001 to set aside
at least eight acres of land for affordable
housing development. It donated the land
for both developments.
“Urban neighborhoods are all about diversity, in age, race, lifestyle and income,”
said Tom Gleason, Forest City vice president and spokesman.
Asked why Forest City settled on Mercy
Housing, Gleason said: “They did a very
nice job with Parkside. It’s very attractive.
They did quality work like we thought
they would.”
Gleason said that not only did neighbors support the developments as they
were being proposed and planned, the
Stapleton Development Corp.’s citizen’s
advisory board also sent a letter of support to the state of Colorado to help Mercy
Housing secure state funding.
“There was no NIMBY [not-in-mybackyard] attitude,” Erixon said. “We had
overwhelming support.”
Erixon credits that attitude, in part, to
the educational efforts of Denver’s Road
Home anti-homelessness initiative, which
helped with funding.
Porche heard about Bluff Lake in January and got to Mercy’s headquarters, 1999
Broadway, by 5:30 a.m. one day to be one
of the first 100 to submit an application.
Erixon said the spots were gone before
the day was over, and there’s currently a
700-person waiting list.
By June 26, Porche was relaxed as he
sat in his air-conditioned apartment with
hardwood floors, marveling at how far
he’d come from living on the streets of
Denver.
“I feel really blessed,” Porche said.
The units became available in June just
as the Denver Police Department started
to enforce the city’s new urban camping
ban.
Fourteen units are set aside for people
transitioning from homelessness.
Erixon, ironically enough, said the law
was a good idea.
“We recognize City Council had a challenge with trying to balance the needs
of businesses downtown with those of
the city’s most vulnerable population,”
she said. “But since some of our funding
comes from real estate taxes [from the
Central Business District], it’s really important the city presents a vibrant downtown to ensure high real estate values
there so the city can collect those funds.”
Mercy has 8,847 units nationwide under development or in pre-development
stages.
Source: Business Journals Book of List Survey, Summer 2011
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from the frontJune 29-july 5, 2012 | A29
on twitter: denbizjournal online: denverbusinessjournal.com on facebook: denverbusiness
Dr. Mark Groshek is a pediatrician and physician lead for eHealth at Kaiser Permanente Colorado, which began working with IBM to build an electronic records system around 2000.
E-records: Doctors pushed to put in systems by 2014
continued from A3
tury, there was reluctance to implement
them. It caused people to change how
they practiced medicine, and the cost of
up-front investments reduced income in
the short term, said Dr. Gary VanderArk, a
retired Denver physician.
Stimulus package pushed EHR
Former President George W. Bush advocated for the expansion of electronic
health records; President Barack Obama
allocated $40 billion for health information technology in the 2009 stimulus
legislation. That bill also mandated that
anyone who didn’t have such records in
place by 2014 could lose 15 to 20 percent
of Medicare reimbursements.
Since then, the U.S. Department of
Health and Human Services (HHS) has
made $5.7 billion in EHR incentive payments to more than 100,000 providers
nationally, including $46.6 million to 937
eligible providers in Colorado. About 48
percent of all eligible U.S. hospitals have
received such payments, according to a
June 19 HHS news release.
“It’s changed dramatically in the past
two years. There’s been a huge uptick,”
said Heather Haugen, corporate vice president of research for The Breakaway Group,
a Denver company that creates computer
programs to train doctors, nurses and
others how to use the new records.
Demand for the services of her company, which Xerox purchased in 2011, has
led to revenue growth of at least 120 percent a year for four of the past five years,
and a doubling of employees from 35 to 70
last year.
Hospital systems such as SCL, which
has e-records systems running in its
three Front Range hospitals — Exempla
St. Joseph in Denver, Exempla Lutheran in
Wheat Ridge and Exempla Good Samaritan in Lafayette — have used it to improve
internal functions and work better with
outside physicians.
A medication reconciliation process
has led to a “dramatic reduction” in the
wrong drugs being delivered to patients,
Pecoraro said. The e-records system has
cut the average amount of time to order
drugs for patients in the
facilities from 40 minutes to seven. And SCL
has greatly cut sepsis
mortality with computerized order sets that
improve and prescribe
work flow, he said.
Exempla Saint Joseph
used the system in December to help set up
Sharon Rutherford InQuicker, a program
is emergency services under which people
director at Exempla with non-life-threatenSt. Joseph Hospital. ing emergencies such as
sore limbs, continuing
migraines or children with fever symptoms can call ahead and reserve a time to
come to the emergency room.
EHRs allow nurses to evaluate patients’
medical histories, get them into care
right away based on their symptoms or
call them back to tell them to get in more
quickly, said Sharon Rutherford, the hospital’s emergency services director.
“It’s been amazing the advances and
the opportunities that come with shared
medical records,” she said, noting that
about 17 people a week use the system.
Reducing hospital visits
Doctors who use the records at their
practices have found they can keep patients out of the hospitals as well.
Kaiser Permanente Colorado was an
early adopter of EHRs, working with IBM
to build a system around 2000. Since then,
doctors have had patients’ records at their
fingertips when one of them calls their
office, and they’ve been able to study re-
cords of groups of patients with the same
maladies to determine the most effective
ways to treat them, said Dr. Mark Groshek,
a pediatrician.
In early January, Kaiser launched a
mobile application that allows patients
to make appointments, see lab results, email doctors, and see what vaccines their
children have and need. Even before the
app was finished, the number of people
who had accessed Kaiser’s electronic
health records from a phone rather than
a home computer rose by 46 percent in
2011, he said.
Not only do patients have access to their
records — which gets them more involved
in their own health care — but also, doctors can use the records to send reminders to large groups of patients to take
medications or to individuals to come in
for physical examinations. And Kaiser
studies have shown that immunization
and mammography rates are up because
of this, Groshek said.
“If you flip on a medical record and
don’t do anything else, you’re going to
spend money, because it costs money to
get it up,” he said. “But if you use them to
monitor health and do research, it will
improve health and lower costs. It’s not
the software that saves the money ... The
way we reduce our cost is by keeping people healthier in the first place.”
Charles Fred, founder and CEO of The
Breakaway Group, said that costs to
implement such systems have fallen so
much that monetary concerns no longer
are a legitimate excuse for not implementing EHRs.
“Our biggest competitor is a juggernaut
called the status quo,” Fred said.
But even before the federal government began giving grants for EHRs, the
Colorado Health Foundation decided to
make such investments with safety-net
clinics, where the poorest Coloradans get
their health care. From 2007-11, it issued
$9.4 million to 43 organizations to build
support and evaluate health information
technology, and realized benefits.
The electronic connections allowed for
more team-based care of patients, making it easier for primary-care doctors and
specialists to work quickly to treat someone, said Kelly Durkin, vice president of
philanthropy for the foundation.
And while an analysis of the spending
couldn’t determine if the use of records
allowed for more efficient treatment of
patients, she found the majority of clinics
that received grants saw more patients after EHR implementation.
Dr. Mark Wallace invested $1.5 million
in December 2004 to install the first EHR
system for his North Colorado Health Alliance, a group of primary care, oral health,
mental health and public health providers in the Greeley-Loveland area. The system now links 12 clinics that provide care
to 30,000 individuals annually, he said.
No longer do patients travel from clinic
to clinic, forgetting their medical records
or prescriptions, and requiring redundant and unnecessary tests, Wallace said.
Doctors also can look to see if patients
have picked up their prescriptions and
are using them. Since the system went
live, emergency department visits by patients are down, he said.
Such health and treatment benefits can
save doctors and hospitals more money
than they invest in the systems. A study
published June 25 in the Archives of Internal Medicine found that physicians in
practices that had adopted EHRs were six
times less likely to get sued for malpractice then they were before adoption.
“It has been worth every penny that
we’ve invested in it,” Wallace said of his
EHR system. “I think it’s one of the major drivers in reform today — improving
quality in our outcomes.”
Opinion
A30
MATTER OF OPINION
“If you want to annoy your neighbors, tell the truth about them.”
— Pietro Aretino (1492-1556) was an Italian author,
playwright, poet and satirist
| JUNE 29JULY 5, 2012
I’m feeling ambivalent about Wal-Mart
I
n much of my community and downtown development career in the past
20 years, I have counseled cities and
towns on how to strengthen local business districts and compete with large
retailers such as Wal-Mart.
Like most urban snobs, I’m not a WalMart fan. I’ve seen Wal-Mart methodically suck the life out of Main Streets.
I’m not wild about the retail behemoth’s labor practices and embodiment
of frenzied consumerism that has become an unseemly American addiction.
I’ve shopped in Wal-Mart only once,
when there was absolutely no alternative. I clearly suffer from a professional
bias and personal aversion to the place.
So I surprised myself when I reacted
with pure ambivalence when a neighbor contacted me to attend a June 26
community forum to preview the evil
empire’s planned incursion into our
neighborhood at Ninth Avenue and Colorado Boulevard.
The store is part of a planned mixeduse redevelopment of a vacant hospital
campus.
Chief among my neighbor’s concerns
is that Wal-Mart will bring down property values and cheapen the neighborhood.
In the newspaper account of the forum, one speaker warned of an increase
in crime and concern about “the element
of people who will be drawn to our
neighborhood.”
What makes this case particularly
interesting is that my
same neighbors are
rejoicing over Trader
Joe’s, the upscale
specialty grocer
that’s planning a new
store one block to the
south at Eighth and
Colorado.
If not the 1 percent,
certainly our Congress Park and Hilltop
neighborhoods are
Brad Segal comprised largely of
households within
the 10 percent of
higher incomes, welleducated folks that would seem to have
a natural affi nity for Trader Joe’s and a
dislike for Wal-Mart.
But the hypocrisy is, frankly, unbearable. It’s like demanding we all listen
to NPR and outlaw classic rock and
hip-hop.
Here, unbelievably, is my list of reasons of why my neighbors shouldn’t fear
Wal-Mart:
• Colorado Boulevard is not Main
Street — Colorado Boulevard is a major
six-lane thoroughfare, a state highway
with tens of thousands of cars traveling
on it every day.
In the center of the city, with a
plethora of existing big-box stores within
15 minutes in any direction, Wal-Mart
won’t cripple local independent businesses in central Denver.
SHARE YOUR OPINION
By KARL WIMER
FOR GUEST VIEWPOINTS: In-depth
commentaries, or guest opinions, are welcomed by the DBJ. Submissions should
be 700 to 800 words, originals never
before published and include a photo of
the author. The DBJ reserves the right to
select and edit submissions. Submit guest
opinions to Neil Westergaard, Editor,
Denver Business Journal, 1700 Broadway,
Suite 515, Denver, Colo. 80290 or email
[email protected].
FOR LETTERS TO THE EDITOR: Send
letters to Neil Westergaard, Editor, 1700
Broadway, Suite 515, Denver, Colo. 80290,
or email letters to him at nwestergaard@
bizjournals.com.
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Viewpoint
• Wal-Mart has many formats — The
Wal-Mart at Ninth and Colorado is to be
one of its new urban-format stores, an
adaptation to higher-density sites with
diverse demographics. Two stories, underground parking and a tailored design
are planned — this ain’t the original
cinder-block prototype that eats up acres
of farmland.
• Wal-Mart will improve our shopping choices — Not only will Wal-Mart
provide a value shopping alternative
and an intriguing complement to Trader
Joe’s, it will bring competitive pressure to improve existing stores. Most
of us already patronize a Super Target
located about one mile to the south (in a
conventional sea of parking, by the way).
Look for improvements to that and other
large-format stores.
• Wal-Mart will improve our city —
Denver is facing drastic budget challenges, and basic services are at risk.
The Wal-Mart will provide badly needed
sales tax revenue to support city services
and improve our neighborhoods.
• Wal-Mart won’t decrease values
— The notion that an urban-format
Wal-Mart at Ninth and Colorado will decrease property values is laughable. Remember, it’s part of a solution to replace
a vacant, blighted hospital campus.
The real threat to our property values
is the lingering inability to trigger redevelopment of the site and its continued
decay.
Hilltop and Congress Park, let’s please
get over ourselves and our visceral fear
of Wal-Mart. Let’s work with the developer and leverage the best design solution that we can. Then, if you wish, get
If not the 1 percent, certainly
our Congress Park and Hilltop
neighborhoods are comprised
largely of households within the 10
percent of higher incomes, welleducated folks … the hypocrisy
is, frankly, unbearable. It’s like
demanding we all listen to NPR and
outlaw classic rock and hip-hop.
in your BMW and drive to Target, where
you can rub elbows with the “right element” in Glendale.
BRAD SEGAL, president of Progressive Urban
Management Associates, a Denver community
and downtown development consulting firm
— and who, since the Eisenhower administration, has mostly lived within a mile of the Ninth
and Colorado site — can be reached at brad@
pumaworldhq.com.
OPINION
JUNE 29JULY 5, 2012 |
Ukraine sees Colorado as model
for sound gas development
I
recently spoke at a shale gas conference in Kiev, Ukraine, about
Colorado’s experience producing the
energy that we need while protecting the
environment that we
treasure.
Interest in shale gas
Viewpoint
production is growing worldwide and is
particularly keen in
Eastern Europe.
Nations such as
Ukraine, Poland and
Lithuania obtain
much of their energy
from Russia, and they
pay many times
what we do per unit
David Neslin of energy for that
privilege.
Their costly dependence on Russian oil and gas has created
a strong economic incentive for them to
develop their own resources.
Fortunately, several of them hold
promising shale gas reserves.
Just as shale formations span the
globe, so do the issues associated with
their development.
Although Kiev is more than 5,500
miles from Denver, the topics discussed
at the conference would be instantly familiar to any reader of the Denver Business Journal: energy security, economic
benefit, technological innovation, workforce education, government regulation
and environmental protection.
These aren’t just local or regional issues. They’re global considerations.
Economic development is extremely
important to the Ukrainians. They have
struggled economically for years.
Although they’re still in the beginning
stages of exploratory drilling, there’s
hope that shale gas development can
jump-start their economy and provide
needed jobs and revenues. But Ukrainians, like Coloradans, also value clean
water, fresh air and healthy landscapes.
So about one-fourth of the conference
was devoted to regulatory and environmental considerations, and the participants raised several questions about
hydraulic fracturing, water consumption and land reclamation.
As both a major oil and gas producer
and an international outdoor destination, Colorado was perceived at the conference as an example of how to balance
energy development with environmental
protection.
With 47,000 active oil and gas wells, 12
million annual skier visits, and 1.65 million annual fishing and hunting licenses,
Colorado faces competing considerations and unique challenges.
Perhaps for this reason, we have developed innovative approaches to many
of the environmental issues that are
attracting attention around the world,
such as:
• Requiring public disclosure of
hydraulic-fracturing chemicals.
• Collecting baseline ground-water
samples.
• Mandating special well-completion
practices to reduce air emissions.
• Limiting waste pits in certain areas.
• Integrating local concerns into the
state’s regulatory program.
These environmental protections were
of great interest to many conference
participants.
In fact, one Ukrainian service company touted its compliance with Colorado’s
oil and gas rules to illustrate its own
environmental responsibility.
As circulated at the conference, the
company’s literature states that because
the Ukraine lacks unified environmental standards, the company has “based
[its] services ... on the environmental
standards of the State of Colorado” and
promises that each step in its development process “meets or exceeds ... State
of Colorado” requirements.
This example demonstrates how
Colorado can serve as a role model for
responsible energy development, not
just nationally but also internationally.
Our approach, which emphasizes collaboration, transparency, efficiency and
problem prevention, is both successful
and transferable.
So, too, are many of our substantive
requirements and cooperative programs. In this way, our most valuable
energy export may not be the billions of
Although Kiev is more than 5,500
miles from Denver, the topics
discussed at the conference would
be instantly familiar to any
reader of the Denver Business
Journal: energy security, economic
benefit, technological innovation,
workforce education, government
regulation and environmental
protection.
cubic feet of natural gas that we send to
other states, but the balanced and deliberative approach we take to these issues
and some of the solutions we’ve crafted.
This doesn’t mean that Colorado’s
rules are perfect or beyond criticism.
They’ll continue to evolve and new initiatives will be undertaken, such as Gov.
John Hickenlooper’s recent task force on
local government regulation.
But it does help illuminate a future
that involves not a choice between
energy development or environmental
protection, but the promise of both.
DAVID NESLIN, former director of the Colorado
Oil and Gas Commission who’s now with the law
firm of Davis Graham and Stubbs, can be reached
at 303-892-7401 or [email protected].
THE PULSE
In last week’s Web survey, we
asked:
This is shaping up to be one of Colorado’s worst wildfire seasons ever.
Will fire danger keep you out of the
mountains this summer?
We received 365 responses.
This week’s question:
Is the state of the U.S. economy
today the fault of President Barack
Obama?
To respond, visit our site at:
No way I’m going
to the mountains
50%
38%
Other
Business Journal
DENVER
SCOTT BEMIS
President and Publisher
[email protected]
PHONE: 303-803-9200
FAX: 303-803-9203
1700 Broadway, Suite 515, Denver, Colo. 80290
web: www.denverbusinessjournal.com
General email: [email protected]
Newsroom: [email protected]
EDITORIAL
Neil Westergaard Editor
303-803-9220
[email protected]
FB: Neil Westergaard, Editor, Denver Business Journal
L. Wayne Hicks
Managing editor
303-803-9221
[email protected]
Boots Gifford
Associate editor/Special sections
303-803-9224
[email protected]
FB: BootsGiffordAtDBJ Twitter: BootsAtDBJ
Bruce Goldberg
Associate editor
303-803-9226
[email protected]
Twitter: bagoldberg
Mark Harden
New media editor
303-803-9227
[email protected]
FB: Mark Harden DBJ Twitter: markhardenDBJ
Sharon Wright
Associate editor/Copy
303-803-9225
[email protected]
Greg Avery
Tech, telecom, aerospace,
303-803-9222
[email protected]
FB: Greg Avery, tech reporter Twitter: gregavery
Heather Draper
Banking, finance, law
303-803-9230
[email protected]
FB: Heather Draper Twitter: HD99
Dennis Huspeni Real estate, retail
303-803-9232
[email protected]
FB: Dennis Huspeni Twitter: Dennis Huspeni
Cathy Proctor
Energy, transportation
303-803-9233
[email protected]
FB: Cathy Proctor Twitter: cathyproctor123
Ed Sealover
Legislature, health care, tourism,
airlines, hospitality
303-803-9229
[email protected]
FB: DBJ Ed Sealover Twitter: EdSealoverDBJ
Kathleen Lavine Photographer
303-803-9228
[email protected]
FB: DBJKathleenLavine Twitter: kikilavine
Connie Elsbury
Research director
303-803-9223
[email protected]
PRODUCTION
Luis A. Uribe
303-803-9290
Eileen Hall
Ashley Davis
Production director
[email protected]
Production assistant
Classified advertising artist
ADVERTISING
Denise Jendrusch Advertising director
303-803-9250
[email protected]
Rachel Hesterman Advertising coordinator,
classified advertising
Bradley J. Segura Associate sales manager
Annie Herricks, Rachel Finley, Lauren Prewitt,
Lesley Dunn
Display account executives
AUDIENCE DEVELOPMENT
Janet Wambolt
Audience development director
303-803-9280
[email protected]
Deborah Sadinsky Audience dev. coordinator
Susan Allard, Brad Butler, Trisha Jorgensen
Audience development
account executives
I’m still going,
I’ll just be careful
5%
A31
ADMINISTRATION
Susie Griffin
Business manager
303-803-9211
[email protected]
Neuane Cam
Advertising accounts
coordinator/credit manager
7%
I’ll go, but I probably
won’t stay as long
as I’d like
The Denver Business Journal is a publication of
American City Business Journals Inc.
120 W. Morehead St., Suite 400
Charlotte, N.C. 28202
Whitney Shaw, President and CEO
Ray Shaw, Chairman (1989 to 2009)
All submissions become the property of the Denver
Business Journal and may be re-used in any medium.
This poll is not a scientific sampling, but offers a quick view of what readers are thinking.
A32
| June 29-july 5, 2012
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Entrepreneurs have a com
tive desire to excel at achie
potential, not only for them
selves but inspiring others
do the same. Entrepreneur
have a vision.
By
building t
The competitors
were fearless.
And because they triumphed,
future, entrepreneurs
are t
we all have reason to celebrate.
lifeblood of the world econ
We are honoring the best
of the best because we r
ognize their achievement
They inject a vibrant optim
into markets, creating jobs
proving and growing the ec
omy. Never afraid to fail an
ways striving for a better w
The leaders who we celebr
June 29-July 5, 2012
Founded and produced by
Nationally sponsored by
Regionally sponsored by
1112-1314618 Gala Special Section Cover 9.5 x 13.5.indd 1
6/13/2012 3:07:35 PM
Entrepreneur of the Year
B2
| JUNE 29JULY 5, 2012
WELCOME
Where would we be
without our entrepreneurs?
Their ability to innovate, to
inspire others, to power a
business along the difficult journey from start-up
to market leader is truly
extraordinary.
Where others have
doubts,
they bring
optimism.
Where some
see only
risk, they
see opportunity.
They have
passion,
Scott Hefner
self-belief
and an extraordinary drive
to keep going when others
would give up.
We need their unique
gifts now more than ever.
These special people have
created many of the world’s
most dynamic and successful companies, and the
Ernst & Young Entrepreneur
of the Year Award celebrates
their remarkable achievements.
That’s why it’s the world’s
most prestigious business
accolade — it recognizes
the most exceptional among
a unique group of people.
The 2012 program
received more than 1,700
nominations across the
26 regional U.S.programs,
creating stiff competition
among those pursuing their
dreams.
Along their path to success, our 2012 national
finalists have demonstrated
exceptional determination,
foresight and inspiration.
This extraordinary group
of business leaders have
overcome many challenges
to achieve their potential
and make a difference.
Let’s all congratulate
them for their achievements!
Thank you to this year’s
finalists for allowing us
to share your stories and
celebrate your success.
SCOTT HEFNER
DENVER OFFICE MANAGING PARTNER
ERNST & YOUNG LLP
Awards presented to 9 honorees
This year brings about the 26th year for the
Mountain Desert Region Entrepreneur of the
Year awards presented by Ernst & Young LLP.
Awards are given to entrepreneurs who
demonstrate excellence and extraordinary
success in such areas as innovation, financial
performance and personal commitment to
their businesses and communities.
Twenty-one finalists were selected, before
seven category winners were named.
Two special awards also were presented
this year — lifetime achievement and entrepreneurial excellence.
Formerly known as the Rocky Mountain
Region, the Mountain Desert Region includes
Colorado, Arizona and New Mexico.
The regional winners were announced during a June 28 gala in Denver.
Overseeing the difficult selection process
for the Mountain Desert Region were the following independent panel of judges:
• Sue Allon, CEO, Allonhill (2002 award
recipient)
• Joe Assell, president and CEO, GolfTEC
(2008 award recipient)
• Joel Barthelemy, managing director,
GlobalMed (2011 award recipient)
• Jim Burke, chairman, president and CEO,
High Sierra Energy (2011 award recipient)
• Robert Kline, former CEO, Medivance
(2011 award recipien)
• Amy Leroy-Gelb, president, Arizona Angels (2000 award recipient)
• Chris Onan, managing director, Appian
Ventures
• Kate Paul, president and CEO, Delta
Dental
The Mountain Desert Region winners will
join award recipients from the other regions
in the United States in being honored for their
2012 Mountain Desert Region judges
Sue Allon
Joe Assell
Joel Barthelemy
Jim Burke
Robert Kline
Amy Leroy-Gelb
Chris Onan
Kate Paul
achievements and considered for national
Entrepreneur of the Year award honors Nov.
17 in Palm Springs, Calif.
The overall national winner then moves on
to compete for the Ernst and Young World Entrepreneur of the Year Award.
The Ernst & Young program has expanded to recognize business leaders in more
than 140 cities and more than 50 countries
throughout the world.
Founded and produced by Ernst & Young
LLP, the program’s national sponsor is the
Ewing Marion Kauffman Foundation.
In the Mountain Desert region, sponsors
include Faegre & Benson, Clifton Gunderson, ADP, Scherzer International, the Denver
Business Journal and JohnstonWells Public
Relations.
Media & Communications..................B14-B15
Winner: Russell Sigler, Russell Sigler Inc.
Finalists: Jeff Bisberg, Albeo Technologies; Mike Durham, ADA-ES Inc.
Entrepreneurial Excellence ........................B4
Government & Security .......................B9-B10
Winner: Michael Fries, Liberty Global
Winner: Mike Buchen, Skydex Technologies
Finalists: Andre Durand, Ping Identity Corp.; Shawnee
Huckstep, TechWise
THE INDEX
Lifetime Achievement ................................B3
Consumer Products & Services ............. B5-B6
Winner: Dale Katechis, Oskar Blues Brewery
Finalists: Heide Ganahl, Camp Bow Wow; Katherine
Ott, SlimGenics
Energy & Cleantech ...............................B7-B8
Winner: Jack Hays, WPD/Resource West
Winner: Glenn Jones, Jones International LLC
Finalists: Clate Mask, Infusionsoft; Jud Valeski, Gnip
Services .............................................B16-B17
Winner: Jeremy Woan, CyraCom International
Finalists: John Griffith, Alpine Waste & Recycling; Terry
Shadwick, Blu Sky Restoration Contractors
Health Technology & Services ...........B11, B13
Winner: Bruce Johnson, Global Healthcare Exchange
Finalists: Thomas Sandgaard, Zynex; Dr. Ken Weiner,
Eating Recovery Center
Technology ........................................ B17-B18
Winner: Matt Taylor, Mercury Payment Systems
Finalists: Matt Larson, Confio Software; Matthew
Pittinsky, Parchment Inc.
JUNE 29JULY 5, 2012 |
B3
Russell Sigler, chariman of Russell Sigler Inc. in Tolleson, Ariz., attends the Ernst & Young’s Entrepreneur of the Year finalists reception at the Governor’s Mansion in Denver. He started his business in 1950.
Sigler shows no sign of slowing down at age 95
BY LISA WIRTHMAN
SPECIAL TO THE BUSINESS JOURNAL
Russell Sigler wrote himself a note in
1949.
It said: “I expect to acquire $1 million
by 1980 … In order to acquire this I plan
to establish an air conditioning contracting business and to install and service the
best air conditioning systems at competitive prices for my customers.”
Sigler is chairman and CEO of Russell
Sigler Inc., a wholesale air conditioning distribution company that has well
surpassed that goal. Last year, the nearly-600-employee company in Tollesen,
Ariz., made about $390 million in sales,
he said.
Sigler, 95, goes to work every day at the
business he started in 1950 with $15,000
from savings bonds. During his three
years serving overseas in the Army during
World War II, Sigler sent all his paychecks
home to his family. When he came home,
it was waiting for him in a safety deposit
box, and eventually became seed money
for his startup.
Growing up in the Great Depression in a
small town in Oklahoma, with no electricity until he was in the ninth grade, Sigler
says it was “a lucky thing” that he got to go
to college in 1937. He studied mechanical
engineering and took his first course in
air conditioning.
After the war ended, Carrier Corp., in
Farmington, Conn.,
recruited Sigler as an
engineer. Dr. Willis
Carrier, who invented modern air conditioning, founded
Lifetime
the company.
Achievement
Eventually Sigler
Winner
worked his way back
to Oklahoma in 1950
with an opportu- Russell Sigler
nity to open his own Title: Chairman and
Carrier franchise. It CEO
was Napoleon Hill’s Company: Russell
book, “Think and Sigler Inc.
Grow Rich,” that gave Industry: Air condiSigler the confidence tioning distributors
to go into business Location: Tolleson,
Ariz.
for himself.
Phone:
623-388-5100
Sigler has grown
his business for 60 Website: www.
years, and his clients siglers.com
have grown, too.
Sigler supplied increasingly bigger air-conditioning units
to a small preacher with a local radio
show who later became a famous televangelist — Oral Roberts.
“The thing I learned from Oral is that
you never, never give up,” Sigler said.
Sigler also created a cooling system for
a “fancy house trailer” owned by billionaire oil producer J. Paul Getty. Getty gave
the trailer as a gift to King Saud of Arabia,
who later granted Getty oil rights in the
Middle East.
In 1958, Carrier gave Sigler the choice of
becoming an independent contractor or a
distributor. He chose to be a distributor —
an operation now expanded to California,
Nevada, New Mexico, Arizona, Idaho and
Texas.
Sigler’s business continues to innovate,
including the purchase of a truck with an
attached crane to help install larger airconditioning units. The company also
operates three trucks that each carry
$30,000 in air-conditioning parts that are
sold directly to service technicians and
customers.
Sigler cites three ingredients for starting a successful business: seed money,
a product or service that’s good for customers, and most importantly, good employees.
To keep those good workers, Sigler
shares company profits with all eligible
employees, prorated according to their
base salaries, and also lets key employees
purchase stock.
Looking forward, Sigler has written
Russell Sigler, chariman of Russell Sigler Inc. in Tolleson, Ariz., still goes to work every day at age 95.
down another goal: He plans to reach $1
billion in sales in 2017 — the year he turns
100.
LISA WIRTHMAN | LISAWIRTHMANyahoo.com
B4
| JUNE 29JULY 5, 2012
Michael Fries, president and CEO of Englewood–based Liberty Global Inc., is being honored with a special award for entrepreneurial excellence by the Ernst & Young Entrepreneur of the Year program.
Fries led Liberty Global through rough patches
BY LISA WIRTHMAN
The best way to help a big business stay
entrepreneurial is to always remember
its roots, said Michael Fries, president
and CEO of Englewood–based Liberty
Global Inc., the nation’s second-largest
cable provider, which connects 19.6 million customers in 13 countries.
“We’re one big family in a way, even
though we have 22,000 employees, because we all feel a special connection
to our history and our genealogy,” Fries
said.
He left a lucrative investment banker
position at Paine Webber in 1990 to become the fi fth employee at what became
UnitedGlobalCom Inc.
“It was a very bold idea that people
outside the U.S. were going to be just
as interested in watching great TV … as
people inside the U.S.,” Fries said.
Fries did much of the outreach in Liberty Global’s early years, managing global acquisitions and new business development. He was traveling eight months
out of the year and moved his wife to
Australia when she was four months
pregnant.
But it wasn’t just the startup days that
shaped Fries’ experience as an entrepre-
neur. He also had to
lead Liberty Global
through more difficult times when
the dot.com bubble
burst in 1999-2000.
“We had a nice run
for the fi rst 10 years
and then we fell on
Entrepreneurial
our face,” Fries said.
Excellence
“Most of my core reWinner
ports have the same
scar tissue that I
have from the post- Michael Fries
Title: President and
bubble period.”
Staying on with CEO
Liberty Global after Company: Liberty
it crashed “meant Global Inc.
risking what little I Industry: Cable
had left,” Fries said. Location: EngleThus he started wood
rebuilding the com- Phone:
pany, with no guar- 303-220-6600
antee of success Website: www.lgi.
but knowing the com
business model remained viable.
“There was nothing fundamentally
wrong with the business — it was the
way we were structured and fi nanced,”
he said. “Once we were able to peel away
the fi nancial and structural problems,
we were left with a very lucrative and
very productive core business.”
Fries and his team worked to rebuild
the company from 2000–2004.
In 2005, Liberty Global was created
through the combination of Liberty
Media International, Inc. and UnitedGlobalCom Inc., and Fries was named
CEO.
Once the company regained its momentum, Fries made it a point to remember the lessons of the past — and
the importance of teamwork.
“You will not get anywhere without a
committed, focused management team
that cares about each other,” Fries said.
“It’s really about being warriors together, and all the great camaraderie and joy
and pain that comes with being warriors.”
It’s important to keep a sense of perspective, Fries added.
“It’s not about building empires, it’s
about creating value for ourselves, our
shareholders and our customers, and
there’s a purity to that approach that is
not just rewarding, it’s also refreshing,”
he said.
Even for a big company, creating that
value requires risk, Fries said.
‘You will not get anywhere
without a committed, focused
management team that cares
about each other. It’s really about
being warriors together,
and all the great camaraderie and
joy and pain that comes
with being warriors.’
Michael Fries
president, CEO of Liberty Global Inc.
“I don’t think you can be an entrepreneur unless you have a little daredevil in
your DNA,” he said. “We have to make
sure people realize that we are fundamentally an entrepreneurial business.
Great opportunities don’t come without
great cost and great risk.”
JUNE 29JULY 5, 2012 |
B5
Katechis has always been ahead of the pack
said. Knight was one of the earliest brewers of big hoppy beers on the market, Katechis said. “I learned from him how to really push the envelope and do something
aggressive.”
When Knight was killed while fighting
BY LISA WIRTHMAN
Even as a kid, Dale Katechis, founder of
Oskar Blues Brewery in Longmont, had
the entrepreneurial bug. From selling
Jolly Rancher candies on his school bus
at age 8, to mowing lawns, to starting the Oskar Blues
Cajun Grill in Lyons
in 1997, Katechis always has been his
own boss.
“I was always the
guy who jumped off
the bridge and figConsumer Products
ured out what was
& Services
going to happen afWinner
ter I got to the bottom,” Katechis said.
Dale Katechis
“I still operate that
Title: Founder
way today.”
Company: Oskar
Katechis anchors
Blues Brewery
his adventures with
Industry: Craft
a strong work ethic
brewing
he learned from his
Location: Longmont
mother. His beer
Phone: 303-776-1914
business grew when
Website:www.
he turned his resoskarblues.com
taurant into a brewpub in 1999. By 2002,
Katechis decided to
start packaging his beer, and Oskar Blues
became the first craft brewer to put its
beer in cans.
Today, cans are more widely accepted
as containers that keep beer fresher longer, are more portable and are easy to
recycle, Katechis said. In 2002, however,
consumer perception was more negative.
Robin Baron, Executive Chef
Udi Baron, President
Udi’s
‘I was always the guy who
jumped off the bridge
and figured out what was
going to happen after I got
to the bottom.’
Dale Katechis
founder, Oskar Blues Brewery
Dale Katechis is founder of Oskar Blues Brewery in Longmont.
Knowing he would have to educate
distributors and consumers about the
benefits of cans, Katechis acted more as a
consultant than a salesman. That turned
out to be a successful approach in the
craft-brew market, where beer is sold one
can at a time and marketing spreads by
word-of-mouth.
“The challenge was risking going out
and doing something no one else had
done before,” Katechis said. “That just
sounded like too much fun, so we did it.”
Today, that irreverent attitude is a
strong part of Oskar Blues’ (anti) corporate culture. “When you open a brewpub
in a town of 1,400, there’s some magic that
comes along with being the underdog and
doing something that’s exciting,” Katechis
said. “You learn that success is the feeling
you have from that, and you want to keep
doing it.”
Another strong influence for Katechis
was his friendship with brewer Gordon
Knight. Katechis, a home brewer, met
Knight when he was riding along a bike
path in Boulder and smelled beer brewing.
“Gordon made me realize I could turn
my hobby into something more than
brewing beer in my bathtub,” Katechis
a local forest fire, Katechis named Oskar
Blues’ G’Knight Imperial Red beer in honor of his friend.
Katechis’ adventure in brewing is traveling far beyond his tiny hometown. Oskar Blues beers are sold in 25 states, and
volume tripled in three years from 18,000
barrels in 2008 to 59,000 barrels in 2011.
This year, the brewery expects to produce
95,000 barrels, and projects revenue of
$36 million.
“We have our foot on the gas as fast as
we can go,” Katechis said. “It’s more of
an adventure, and I think that keeps life
exciting. We refuse to let any mediocrity
settle in at the company at any level.”
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B6
| JUNE 29JULY 5, 2012
Ganahal’s gone to the dogs — in a good way
BY PAULA MOORE
When most people let their careers go
to the dogs, it’s a bad thing. When Heidi
Ganahl did it more
than 10 years ago,
she started what has
become a multimillion-dollar business
that continues to
grow.
An entrepreneur
at heart, Ganahl
tried other ventures
Consumer Products
— from a baby-bed& Services
ding catalog business to a financialFinalist
management firm
Heidi Ganahl
— before launching
Title: CEO
Camp Bow Wow
Company: Camp
day-care centers for
Bow Wow
dogs in 2000. The
Industry: Pet care
Broomf ield-based
Location: Broomchain, which started
field
franchising in 2003,
Phone: 303-541-2267 now has more than
Website: www.
150 operating francampbowwow.com chises in the United
States and Canada,
and hopes to have
250 camps open by the end of 2012. It
projects $100 million in system sales by
year-end.
The company ranked No. 422 on Entrepreneur magazine’s Franchise 500 ranking for 2012.
But Camp Bow Wow had a rough birth.
Ganahl, who was in pharmaceutical sales
at the time, and her first husband, Bion,
came up with the concept in the mid-
Heidi Ganahl founded Camp Bow Wow in 2000 and began franchising the company in 2003.
1990s, when they couldn’t find a place to
board their two large dogs. They wrote a
business plan for their doggie day-care
venture, which would be the first to standardize pet care, but didn’t have the money to start it. Then Bion died in a plane
crash, at age 25.
Though Heidi received a $1 million insurance settlement from the accident,
she lost most of the money in poor investments. Not sure what to do next, Ganahl
took her brother’s advice to follow her
passion and started Camp Bow Wow with
the money she had left.
“Being the first ones out of the gate to
standardize a pet-care facility was a challenge,” said Ganahl, who recently gave
birth to twins with her second husband.
“We had to educate people about things
like why it’s good to socialize the animals
— even vets.”
Ganahl decided early on that the main
goal at Camp Bow Wow locations is to
make sure the dogs are safe and happy,
and that pet owners trust that their animals are cared for. To that end, the company does innovative things such as
providing owners with streaming video
of their pets, and making sure dogs have
comfortable beds, and both indoor and
outdoor play areas. Dogs from the same
household even can stay together in the
same “cabin.”
As an extension of Camp Bow Wow’s
original mission, Ganahl added services
such as the Behavior Buddies training
program and Home Buddies in-home pet
care.
The company is working on taking its
model to corporate campuses, airports
and casinos, and expanding in Canada
and to other countries such as the United
Kingdom and Australia.
Camp Bow Wow’s rapid growth also has
created challenges. Finding capital for
expansion and capable corporate people,
for example, have been difficult. Because
the U.S. Small Business Administration
cut back on lending during the global
financial crisis, helping franchisees get
SBA loans is harder.
“We grew so fast, and nobody warns you
growth is very expensive,” Ganahl said.
“It’s been a challenge finding money to
put back into the company without selling ownership. But I’m still full owner.”
PAULA MOORE | MOOREPAULA52gmail.com
One man’s loss is definitely Ott’s business gain
BY DOUG MCPHERSON
It sounds like an iffy business model:
When customers lose, the company wins.
But it’s working like a charm for Katherine Ott.
She founded Slimgenics, a company
that offers weightloss programs, in
2003. So of course
it’s weight that customers are losing.
But Ott is quick
Consumer Products
to point out that
& Services
customers also gain
a lot, too, as in a
Finalist
healthier lifestyle.
(One of the compaKatherine Ott
ny’s slogans is, “It’s
Title: CEO
Company: SlimGen- not what you lose,
it’s what you gain.”)
ics
“That’s what sets
Industry: Health and
us
apart from the
wellness
Location: Centennial competition,” Ott
said. “The people
Phone:
who come to us
720-309-6105
want to keep the
Website: www.
weight off. Many
slimgenics.com
of our customers
come to us because
they’ve been on the
lose-gain yo-yo; they haven’t been taught
how to eat right or make the right behavioral lifestyle changes.”
In a country that’s grown plump,
there’s clearly no shortage of potential
patrons. And Ott has made a profitable
place for herself at the table — now with
about 20,000 customers.
“I knew obesity was a growing crisis,
and I thought it’d be a good space because there’d be a lot of customers,” she
said. “It’s perfect because I have a passion
for health and wellness and a passion for
entrepreneurship. I’ve always wanted to
start a business, and this is a business I
can be passionate about because we’re
helping people.”
A key guideline is one she picked up
from a manager in her fi rst job at an engineering and architectural fi rm in Santa
Ana, Calif.
“He told me that, ‘Whatever you do
or wherever you are, do the job as if you
were working for yourself,’” Ott said.
Before she started Slimgenics, Ott spent
25 years in marketing, working for others,
and said she’s used that advice in all her
jobs. “It’s served me very well.”
Ott is putting kiosks in schools, corporate campuses, hospitals, military bases
and drug stores this year.
At the kiosks, people can weigh in, update food journals, check progress and
get tips.
SlimGenics will be able to access statistics and tailor each kiosk for the customers visiting them.
Ott said the long-term goal is to partner
with pharmacies in larger retail stores,
such as Walgreens.
Kids is another market segment Ott is
working to reach. “In the last 10 years,
childhood obesity has tripled,” Ott said.
“It’s just horrible.”
In 2010, Slimgenics started a foundation to prevent childhood obesity.
Katherine Ott is CEO of SlimGenics, a weight-loss company based in Centennial.
“The good news is we’re seeing more
and more parents taking the step to get
help for their kids with nutrition,” she
said. “Many of our employees are parents,
and they love helping kids lose weight.”
Another key to success, Ott said, is that
she’s embraced the idea of helping others to be effective in adopting a healthier
lifestyle.
“That’s really the core philosophy be-
hind the company, delivering on our
promise … we’re committed to their success, and we’ll do everything we can to
make them successful,” Ott said. “That’s
what drives me and what gives me my
motivation. I truly enjoy creating opportunities for others and seeing them be
successful.”
DOUG MCPHERSON | WORDPUBaol.com
JUNE 29JULY 5, 2012 |
Jack Hays is president and owner of WPD/Resource West Inc. in Grand Juction.
Hays knows how
to spot opportunity
BY DOUG MCPHERSON
Maybe the best way to describe Jack
Hays is that he’s an opportunity spotter.
He’s proven that without question. But
there’s more: He’s a hard worker, honest
and cares deeply
about integrity —
traits that come
standard to those
raised on farms.
Hays grew up on
one about 25 miles
east of Grand Junction. His mom and
dad are still at it — in
Energy &
their 80s — growing
Cleantech
peaches, alfalfa and
Winner
vegetables.
When he was 14,
Jack Hays
Hays demonstrated
his penchant for
owner
hard work, doing
Company: WPD/
whatever needed to
Resource West Inc.
be done in oil fields.
Industry: Oil field
But by the early
services
1990s,
the work
Location: Grand
there
dried
up and
Junction
he was laid off — but
Phone:
not before he spot970-244-9097
ted his first opporWebsite: www.
tunity. He paid close
wpandd.com
attention to the men
who sucked up the
groundwater that
surfaced near the oil drills.
“I thought that was something I could
do a job at with a pump,” Hays said.
So he borrowed $30,000 from family
members and loaded his new pump in the
back of his half-ton 1986 Chevy pickup,
traveling the West in search of work. Hard
times ensued.
He lived out of his pickup, cleaning up
in restaurant restrooms.
“I couldn’t afford hotel rooms, and there
were times I couldn’t even afford to buy
food,” Hays said.
But he stuck with it. “I wanted to be a
successful, and I was always determined
to succeed, even though no one would
ever loan me money,” Hays said.
He eventually landed odd jobs, pumping water for cities, water treatment plants
and refineries. He even pumped grape
sludge for winery owners in California.
“For the first five or six years, it was a
one-man operation,” Hays said.
One of the first opportunities he spotted
was that many customers often needed
their water treated, so Hays learned how
to do that and added it to his repertoire.
Besides his work ethic, Hays had something else going for him: a deep understanding of the oil field business from his
teen years.
And when the business picked up in the
late 1990s, companies began calling him
to deal with their water.
Again, he realized an opportunity,
which led to his using snowmaking machines to evaporate water near oil drills.
Demand grew so much for that service,
Hays developed and sold machines designed specifically for oil field work.
By the early 2000s, Hays again spotted
an opportunity when drilling technology
changed from just going directly vertically to vertically then horizontally; he developed pumps that could keep up.
That move helped grow the company
from about $500,000 to $80 million in revenue and from 20 employees to 500 in six
years.
Hays also created a way for operators to
recycle much of the water at drill sites. Today, at some sites, his ingenuity is saving
millions of barrels of water.
Hays is quick to credit the lessons he
learned on the farm for his success.
“My parents are my idols and my role
models,” he said. “They’re the salt-of-theearth kind of people and they taught me
a lot.”
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B7
THIS WEEK
COLORADO’S TECH
NOLOGY industry took
a huge hit from the last
recession. It’s still recovering, but there are signs
the tech companies that
remain will be stronger
once the economy improves. A tech industry
update. | A21-A26
A LOUISVILLE company
JULY 31AUGUST 6, 2009
56 PAGES $3.00
REAL ESTATE QUARTERLY
A look at new
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space and more.
SECTION B.
T H E N AT I O N ’ S O L D E S T W E E K LY B U S I N E S S J O U R N A L
www.denverbusinessjournal.com
No free rides for sustainability
B8
| JUNE 29JULY 5, 2012
Durham definitely cleans up
BY PAULA MOORE
Jeff Bisberg, CEO of Albeo Technologies, says he began his “sales” career in elementary school.
Bisberg took to sales early
BY PAULA MOORE
Jeff Bisberg always knew he would
have his own company.
“I’ve always been a bit of an entrepreneur,” he said. “In
elementary school,
I used to sell toy
wiggly worms to
the other kids.”
Bisberg
and
partner Peter Van
Laanen,
Albeo
Te c h n o l o g i e s ’
Energy &
chief technology
Cleantech
officer,
founded
their company in
Finalist
2004 when they
saw “LEDs were
Jeff Bisberg
doing to the lightTitle: CEO
ing industry what
Company: Albeo
digital did to anaTechnologies Inc.
log,” Bisberg said.
Industry: Lighting
One of the most
Location: Boulder
significant advancPhone:
es in green tech720-407-4960
nology, energy-efWebsite: www.
ficient LED lighting
albeotech.com
has the potential
to save billions of
dollars in maintenance and energy costs, cut carbon
emissions by millions of metric tons a
year and reduce spending on electricity
by $125 billion in the next 20 years, according to Albeo.
Bisberg has helped build Albeo into
a leading designer and manufacturer
of LED lighting fi xtures for commercial
buildings — including data centers, cold
storage facilities, schools, retail centers and even nuclear power plants —
through his ability to envision the future
of LED technology.
He’s also a stickler for quality control,
to ensure Albeo’s products meet — or
surpass — industry standards. The Colorado company has lit a total of more than
8 million square feet of space to date.
In 2011, Inc. magazine included Albeo on its Inc. 500 list of fastest-growing
U.S. companies. The Colorado company
ranked 447th on the list, with three-year
revenue growth of 776 percent from
$804,000 in 2007 to $7 million in 2010,
according to the magazine.
Bisberg learned firsthand what happens when a company can’t adapt to new
technology. The New England native
worked for Polaroid Corp. of Cambridge,
Mass., a former Fortune 500 company
that pioneered instant photography, but
failed to adjust to the digital photography revolution that took off in the late
1990s.
“Polaroid realized digital imaging
would turn instant imaging upside
down,” Bisberg said. “They tried to bring
digital imaging into an analog company.
They were not successful, and now Polaroid is just a brand. … Polaroid taught me
the vulnerability of analog companies in
the digital age.”
Bisberg believes working for Polaroid
also gave him a good foundation in the
importance of branding, because the
company was such an iconic brand for
many years. While at the fi lm company,
he realized the real value of some companies — from Walmart Stores Inc. (NYSE:
WMT) to Eastman Kodak Co. (OTC QB:
EKDKQ) — is their brand.
The entrepreneur has strengthened
Albeo’s brand by using his bachelor degree in chemical engineering from the
University of Rochester, and master’s degree in materials science and engineering from Northwestern University, to
conduct pioneering research in organic
light-emitting devices and to develop
imaging systems. The company has numerous patents for thermal, circuit and
design technologies. It’s won awards for
cutting-edge products, including several
from the U.S. Department of Energy.
Because of his engineering background, Bisberg didn’t start out as “a
lighting guy.” But he turned that situation to his advantage in the fledgling
LED industry. “It’s something of a risk going into an industry and market I wasn’t
deeply in tune with,” Bisberg said. “But
sometimes it’s better not to come from
the traditional imaging industry.”
Mike Durham spent a long time in
the academic world before he decided
to translate his studies and research in
clean coal technology into a business.
Durham holds a
bachelor’s degree
in science in aerospace engineering
from Pennsylvania
State University,
and master’s and
doctorate degrees
Energy &
in environmental
Cleantech
engineering from
Finalist
the University of
Florida, as well as
Mike Durham
an MBA from the
Title: President, CEO
University of DenCompany: ADA-ES
ver. He joined DU’s
Inc.
research
faculty
Industry: Energy
in 1978, after he
Location: Highlands
got out of graduate
Ranch
school, and left in
Phone: 303-734-1727
1985 to start what’s
Website: www.
now ADA-ES Inc.
adaes.com
“I wanted to
continue to do the
work I wanted to in
emission controls for the coal-powered
industry, and I wanted to leave the university,” Durham said. “I wanted to stay
in Colorado, but the options with existing companies were outside Colorado. I
had no big plans, other than to stay employed.”
Durham co-founded ADA-ES, originally called ADA Technologies Inc., to develop emission technologies for the federal
government and other clients. The company’s technologies and specialty chemicals help coal power plants enhance airpollution controls, minimize emissions
such as mercury and carbon dioxide, and
operate more efficiently.
ADA-ES (Nasdaq: ADES) went public
in 2003 and now employs roughly 100
people; the company expects to have
200 people by early 2013 because of new
joint ventures. Its market cap has grown
to nearly $250 million, and revenue im-
proved to $53.3 million in 2011 from
$22.3 million in 2010.
Also in 2011, the company installed 26
refi ned coal facilities, which are projected to produce more than 40 million tons
of refi ned coal a year once they’re fully
operational and generate annual pretax income of $50 million, according to
ADA-ES. The plants are expected to get
up to speed this year.
Durham earned his MBA while running ADA-ES to better understand the
financial aspects of his business. “The
best technical answer isn’t always the
best commercial answer,” he said.
Because a big challenge for any entrepreneurial business is finding capital,
Durham also channeled his creativity to
that arena. He learned good ways to fund
growth include picking a good equity
partner and creating joint ventures such
as Clean Coal Solutions LLC, which is a
joint venture with affi liates of Colorado’s
NexGen Resources Corp. and The Goldman Sachs Group Inc. (NYSE: GS). “We
do a lot of joint ventures,” he said.
Durham needed his financial acumen
when a trade-secrets dispute with Norit
Americas Inc. went against ADA-ES in
2011, and his company had to find a way
to pay significant damages. The company came up with the money, and averted
bankruptcy, by raising funds, selling
nonperforming assets and negotiating a
reduced legal settlement.
“The bottom line is we got through all
that, and were still able to have a really
stellar year. … We ended the year with
$40 million in the bank,” Durham said.
The entrepreneur has parlayed his
technical expertise into business and
political connections that benefit his
business, as well. Durham has served on
the board of the American Coal Council
trade group and is 2011-2012 vice president of the Institute of Clean Air Companies. He’s also a member of the National Coal Council in Washington, D.C.,
which is a federal advisory committee to
the U.S. energy secretary on coal-related
issues.
Mike Durham, president and CEO of ADA-ES Inc., took the company public in 2003.
JUNE 29JULY 5, 2012 |
B9
Buchen driven by passion for the safety of others
BY DOUG MCPHERSON
Mike Buchen might not like that the following story is told — he’s modest about
his good deeds — but it’ll help you know
him better.
Buchen was visiting a wounded soldier whose legs were
amputated at the
Walter Reed Army
Medical Center in
Washington, D.C., in
2010. (Buchen visits
VA hospitals reguGovernment
larly.) He noticed
& Security
the soldier’s wife
Winner
seemed particularly
distraught.
Mike Buchen
Eventually
he
spoke to her outCEO
side the room and
Company: Skydex
learned the couple,
Technologies Inc.
which had a new
Industry: Manufacbaby girl, was strugturing
gling
financially.
Location: Centennial
He asked her what
Phone:
their fi xed monthly
303-952-8900
expenses were and
Website: www.
then covered them
skydex.com
until they got back
on their feet.
It’s insight into
how passionate Buchen is about his work
at Skydex Technologies Inc. in Centennial. It makes materials that at absorb
the shock from bombs and other projectiles, and they’re used in military
helmets, body armor, and on the floors
and seats of tanks, helicopters and Navy
SEAL boats.
Mike Buchen, president and CEO of Skydex, peers through some stunt tech padding, used in such arenas as
action films — one of the products the company makes.
The company used to sell the technology in sports, for football helmets and even
the soles of Nike shoes, but now it focuses
on military applications.
Buchen’s direction for Skydex was clear:
“In 2005, we decided to attack the war
with everything we had.”
The sentence Buchen lives by at work is
this: “If you focus on the soldier who’s out
there fighting for our freedom, the com-
pany will run itself.”
It’s working: Skydex has doubled its revenue each of the last four years.
When Buchen joined Skydex at the end
of 2003, he already was a seasoned businessman at age 47 who’d spent 23 years
rising through the ranks of the lumber
and plastics industries.
He then began consulting with struggling companies.
Skydex leaders called Buchen in 2003
to see if he’d be interested in steering the
company.
“When I got that call, I felt I was the
happiest and luckiest man on earth,” he
said. “Skydex was the beginning of my
life’s work.”
And he goes about that work with fervor. An example: He takes new employees
to Washington, D.C., to visit memorials
and the Arlington National Cemetery.
“We bawl on the way out,” Buchen says.
“You’ll always see two or three funerals
when you’re there.”
Last Christmas, Skydex matched employee contributions, 3-to-1, and bought
1,300 gifts and delivered them to about
1,000 kids of soldiers at Fort Carson.
“This is really what our work is about,”
Buchen said. “We’re not really a product
company; we’re a passion company —
driven by saving soldiers’ lives.”
Buchen said that passion runs throughout all the employees. “They’re fi red up
and it’s because of the mission. Passion
and energy are the fi rst places you start
— it’s why we come to work.”
Buchen said employees found defending an idea they feel strongly about often
are rewarded with an American Express
credit card loaded with $50.
“When our employees are being passionate and defending their position,
they’re exhibiting the kind of behavior
we want to see here.”
Oh, and that couple mentioned earlier
in this article: They’re now contract employees doing research for Skydex from
their home in Virginia.
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B10
| JUNE 29JULY 5, 2012
Huckstep remains positive
BY DOUG MCPHERSON
Andre Durand, founder, chairman and CEO of Ping Identity, built two other successful startups before his
current venture.
Durand born to create
BY LISA WIRTHMAN
Andre Durand likes to say he was born
an entrepreneur. By that, he means he
could have pursued another field with
just as much passion, given his love
of people and business.
Durand
has
proven his entrepreneurial skills
through
founding two successful
startup ventures —
Government
Durand Communi& Security
cations and Jabber
Finalist
Inc. — before starting Ping Identity in
Andre Durand
2002. He’s the comTitle: Chairman, CEO pany’s chairman
and founder
and CEO.
Company: Ping
Ping helps more
Identity Corp.
than 800 busiIndustry: Security
nesses manage the
software
online identities of
Location: Denver
their employees by
Phone:
enabling users to
303-468-2900
access online inforWebsite: www.
mation and cloud
pingidentity.com
applications with a
single sign-on.
While starting up
companies has gotten easier with time,
the first step is often the hardest, Durand said. For many entrepreneurs, that
first step may feel like crossing the Grand
Canyon. But that’s not the case, he said.
“The first step is literally nothing more
to saying to yourself, ‘I’m going to go do
that,’” Durand said. Right now, Durand
is telling himself that he’s going to build
a billion-dollar company. “It might be 15
years from now, but that’s where I’m going,” he said.
People believe Durand’s pledges more
readily now — another advantage of his
experience. Raising money also gets easier after the first venture, he said.
Durand learned some hard lessons
in his first startup, where he frequently
struggled to make payroll. “I was in this
negative vortex of decision making, and
it was leading to failure,” he said.
At Ping, a wiser Durand made sure he
had sufficient resources in place before
starting the new company. “Patience is
an amazing virtue,” he said. “It creates a
foundation where we take two steps forward and no steps back.”
Durand still encourages entrepreneurial thinking at Ping through cultural
endorsements of risks. “If someone does
something and it doesn’t work and they
report a failure, that is the moment where
your culture fosters innovative thinking
or shuts it down,” he said.
Ping is growing quickly, with about 240
employees, and plans to increase that to
310 by year-end, Durand said. Ping also
surpassed $100 million in lifetime sales
in 2011 and projects another $100 million
in sales in the next two years, he said.
Keeping the company culture consistent among the growing number of employees in offices around the globe is a
challenge, Durand said. Once a year, if
the company hit its growth plan, Durand
flies every employee to Denver for a weeklong company meeting, complete with a
band, costume party and lots of humor.
“It’s such a reward. Our company would
be different if we didn’t do this,” said Durand, who says he’ll keep up the tradition
as long as he can.
Durand also is working to create a
strong team of executives — people who
can excel independently but who also
will be team players.
He did note one challenge he’s now
facing: The company is growing so fast,
sometimes it outpaces an employee’s
ability to step up. He’s trying to figure out
how to deal with this dynamic.
Durand’s advice to new entrepreneurs
is to practice perseverance. “The world
builds filters to take out the uncommitted,” Durand said. “You just have to keep
believing in yourself and keep your head
down, and keep persevering.”
It doesn’t much matter how bad things
get, Shawnee Huckstep will find what’s
positive and then move forward. It’s
something
she’s
been doing all her
life, starting at the
age of 9 months.
That’s when her
parents got divorced. And when
the influences of
her
stepparents
grew negative, she
Government
sought out positive
& Security
feedback through
work early on —
Finalist
very early on — at
Shawnee
age 8.
Huckstep
Her grandmother
Title: CEO
owned a real estate
Company: TechWise business, so little
Industry: Consulting Shawnee
would
Location: Colorado
help her clean propSprings
erties. And besides
Phone: 719-591-9966 earning
money,
Website: www.
she earned praise.
techwise.com
“She gave me a lot
of praise and positive reinforcement
for my work ... I wanted and needed that
positive praise ... it made me feel good.”
Huckstep kept working through her
childhood and got her first job outside of
the family at 14.
“Everywhere I worked, I would get promoted within a month — I’d become the
manager or supervisor. I worked hard for
the praise I needed.”
No doubt, praise and success have
followed her throughout her career. In
2008, the Small Business Administration
awarded her Colorado’s Small Business
of the Year honor. No big surprise: Her
company, Techwise, which offers hightech training and consulting to armies,
has grown revenue 50 percent in each of
the last three years.
Huckstep started the business in her
home in 1994 with her husband. “We
both had full-time jobs, so we’d work on
it in our off hours.”
Back then the company did software
training, helping businesses with their
information technology systems.
But when the economy flattened in the
early 2000s, that was Huckstep’s cue to
find the positive. She decided to add services for military outfits via government
contracts that would train active-duty
and reserve military in weapons, strategy, technology, communications and
simulations.
Then in 2009, when soldiers began returning home, Huckstep again sought
out the positive. She started TechWise’s
mentoring program, a community service initiative for Colorado Springs military personnel returning from war, to
help them find employment.
She also took TechWise overseas to
serve U.S. allies in the Middle East, enabling the company to grow revenue
and services. Many in the Middle East
have noticed her work in the United Arab
Emirates, where the company is training
soldiers to protect their homeland and
U.S. interests.
This year, the Saudi Arabian royal
family contacted Huckstep to help it develop a 20-year plan to help change the
Saudi Arabian culture toward women,
beginning with training the first 100
women ever admitted to the Saudi Arabian army.
Huckstep just returned in May from
Saudi Arabia, where she met with the
royal family to begin the work.
“We’re doing well and expect our
growth to continue,” Huckstep said.
But she’s not one to rest on her laurels.
“The thing I’ve learned in business
is that nothing is easy,” Huckstep said.
“You have to stay optimistic and turn
any negative to a positive. I think that’s
the difference in making it or not making it.”
Shawnee Huckstep, CEO of TechWise, began working as a child, helping her grandmother clean real estate properties.
JUNE 29JULY 5, 2012 |
W E A LT H M A N A G E M E N T
Bruce Johnson is CEO and president of Global Healthcare Exchange.
Johnson willing to
take big risk for GHX
BY LISA WIRTHMAN
Founded by five of the world’s largest medical product manufacturers in
2000, Global Healthcare Exchange LLC
(GHX) wasn’t a typical small startup.
Yet while funding
was more secure in
the beginning, the
risk was still great,
said Bruce Johnson,
president and CEO
of GHX in Louisville.
“The amount of
Health Technology
money you have still
& Services
becomes relative to
Winner
the task you’re taking on,” Johnson
Bruce Johnson
said. “We had exTitle: CEO and
tremely big aspirapresident
tional goals for what
Company: Global
[we] were going afHealthcare Exter.”
change LLC (GHX)
At a time when
Industry: Electronic
70 to 80 companies
trading exchange
were trying to conLocation: Louisville
quer the health care
Phone: 720-887-7000
supply-chain marWebsite: www.ghx.
ket, GHX had both
com
the advantage and
challenge of trying
to provide value to
its five founders — Johnson & Johnson,
GE Healthcare, Baxter International Inc.,
Abbott Laboratories and Medtronic Inc.—
all competitors outside the boardroom.
Many early GHX competitors had just a
single view on how to create efficiencies in
the supply chain, an approach that eventually lost out to GHX’s ability to meet the
needs of multiple players.
“What we really hung our hat on was
that for a solution to truly create value ...
all the constituents in the supply chain
had to realize that value,” Johnson said.
Today, GHX is owned by 20 health care
organizations, employs more than 600
people worldwide and connects to hospi-
tals representing more than 80 percent of
the licensed beds in the United States, the
company said.
GHX’s supply chain annually handles a
volume of $46 billion in medical supplies
— and Johnson predicts a 50 percent increase in volume in the next five years.
Focusing on common goals helps GHX
maintain a sense of entrepreneurial spirit
among its widespread employees. “Where
everyone has a common view is around
the patient — not a single person from any
vantage point that can argue that,” Johnson said. “I think I’ve been able to leverage
that more effectively over time.”
Hospital customers keep asking GHX to
help them find ways to lower their operating budgets, he added.
“Being innovative and turning things
on their side and looking at them from a
different perspective to create new efficiencies is going to be critical,” Johnson
said.
The company also invests heavily in
leadership development and training,
holding boot camps for senior leaders
across the globe, Johnson said.
After 12 years with GE Healthcare, Johnson was handpicked to help start GHX in
2000, and became CEO in 2007. In 2010,
GHX set a goal to cut $5 billion in health
care costs over five years, primarily by
opening up the implantable and medicaldevice portion of the supply chain.
“It’s much easier to track an apple
through the supply chain at a grocery
store than to know that the $10,000 knee
replacement you may have had was being recalled,” Johnson said. In May, GHX
documented its first $2 billion in supplychain cost reductions.
“Health care is significantly challenged
right now regardless of what happens on
Capitol Hill or in the elections,” Johnson said. “We will be uncompetitive as
a country if we don’t bend the curve on
spending.”
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B12
| June 29-July 5, 2012
Join us as we salute
Denver’s Fastest Growing
Private Companies!
AwArds L unch
Thursday, July 26, 2012
Hyatt Regency Convention Center
650 15th St., Denver, CO 80202
11:00-11:30 a.m. Networking
11:30 a.m. -1:30 p.m. Awards luncheon
Pre-registration deadline:
Thursday, July 19, 2012
$75 for print subscribers
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After July 19, registration
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JUNE 29JULY 5, 2012 |
B13
Zynex’s Sandgaard says stubbornness serves him well
BY DOUG MCPHERSON
When Thomas Sandgaard was growing
up in Denmark, it was clear he would be
an entrepreneur of some sort.
At age 12, he won
an inventors’ contest
held for kids all over
Europe. He’d created
a part for electronic
keyboards. He loved
rock music.
Then as a teenager
he played in a band,
but also organized
Health Technology
and promoted con& Services
certs fi lling up large
outdoor venues. He
Finalist
even built his own
Thomas Sandrecording studio.
gaard
“I think those
Title: Founder and
early lessons were
chairman
learning how to orCompany: Zynex Inc. ganize things, but I
Industry: Medical
also learned how to
manufacturing
deal with all kinds of
Location: Lone Tree
people,” Sandgaard
Phone: 303-867-3910 said. “You really
Website: www.
meet a lot of interzynexmed.com
esting people along
the way.”
But later on, he
got his first taste of defeat. In 1987, he
tried starting a business that could send
facsimiles via personal computers. “That
failed; I couldn’t get the funding I needed,” Sandgaard said.
He then began tinkering with medi-
Thomas Sandgaard is founder and chairman of Zynex, a medical manufacturing company.
cal devices and by the mid-1990s, he felt
confident enough to take a shot at selling
them in Canada and the United States.
“I really just took a chance to bring
them here,” Sandgaard said. “Sometimes
you make decisions based on gut instinct
… you can’t always walk with a safety net.
I think two qualities that helped me do
that were confidence and stubbornness.”
Add to those sheer determination. Once
he arrived, he worked hard to make Zynex
Inc. a success. “I was building the products, soldering pieces together, calling on
insurance companies, selling to doctors;
I was traveling all over the county and I
had just a few thousand dollars. My fam-
ily would help out in the office.” A few
years later, he was able to hire two parttime employees, and “things started going better.”
He said he’d do whatever his cash flow
would allow him to do. “I always made
sure I could make payroll on time, and
then everything else I had to pay for myself. Cash flow was key. I was very careful
about how fast I grew the business.”
Sandgaard said an important milestone
came in 1998. That’s when he had his first
product approved by the Food and Drug
Administration. He designed it himself;
it was an electric-stimulation device that
managed pain and increased blood circulation to promote healing. “That really
put us in a different league,” he said.
He said after Zynexstarted bringing in
about $1 million in revenue, he took the
company public. “That was a defining
moment for the business because that’s
when all the sweat paid off … right after
we went public in 2004, we grew to $40
million in revenues.”
Since 2005, the company (OTCBB:
ZYXI) has grown revenue by about 50 percent each year.
Looking back, Sandgaard said his keys
to success were good cash-flow management, a talented sales force (“I’ve learned
I’m not too good at sales,” he said) and, of
course, confidence and stubbornness.
“If you’re going to build a company
from the ground up, I’d say you have to be
confident and stubborn,” he said.
DOUG MCPHERSON  WORDPUBaol.com
Weiner challenges the norm in treating eating disorders
BY LISA WIRTHMAN
Dr. Ken Weiner, founding partner and
CEO of the Eating Recovery Center LLC in
Denver, is challenging the norm of mental
health care for eating disorders such
as anorexia and bulimia.
Many eating disorder
treatment
centers are smaller
outpatient facilities.
But the hospitalbased, physicianHealth Technology
intensive
Eating
& Services
Recovery
Center
Finalist
provides a full range
of inpatient and
Dr. Ken Weiner
outpatient care for
Title: Founding
adults, adolescents
partner, CEO
and children.
Company: Eating
Dr. Weiner said
Recovery Center LLC the privately owned
Industry: Clinics and Eating
Recovery
outpatient services
Center takes advanLocation: Denver
tage of his greatest
Phone:
strength — being
877-825-8584
a physician. “One
Website: www.
of the differential
eatingrecovery
advantages that we
center.com
had was to take care
of the sickest of the
sick,” he said.
More than 11 million men and women
in the United States struggle with an eating disorder, which has the highest mortality or death rate of any psychiatric illness, Weiner said.
To offer the highest levels of care, the
center was founded around a “culture of
Dr. Ken Weiner is founding partner and CEO of the Eating Recovery Center.
competence,” said Weiner, which meant
hiring the most experienced doctors and
staff in their fields.
Weiner established the Eating Recovery
Center in October 2008, with Dr. Emmett
Bishop. Together with Chief Clinical Officer Dr. Craig Johnson, and Chief Medical
Officer Dr. Ovidio Bermudez, the medical
team has a combined 120 years of experience treating eating disorders.
“There’s not much we haven’t seen,”
Weiner said.
To attract that expertise, the Eating Recovery Center had to operate as a big company from day one. That included hiring
what Weiner calls “best in their field” executives, establishing a system of corporate governance and developing a sophisticated business plan with the capacity to
adapt to change, Weiner said.
“We’ve actually grown into that footprint over the past 3½ years,” he said.
The Eating Recovery Center’s employees increased from 40 to more than 300,
and treatment centers have grown from
one to four. The center’s revenue has
grown nearly five times since its start,
from $9 million in 2008 to expected revenue of $45 million in 2012.
Weiner also adopted business principles such as profit sharing, performancebased quarterly bonuses and yearly merit-based increases that are uncommon in
the mental health industry, he said.
On the medical side, the Eating Recovery Center embraces innovations, such
as cutting-edge treatments and utilizing
technology such as software that promotes relaxation techniques by operating
only if patients are calm.
That expertise and innovation came
with a “big up-front cost” said Weiner,
who financed the endeavor through personal loans and fundraising: He raised
$2.5 million from 28 of the 72 potential
investors he called.
“My risk tolerance and my persistence
for doing things are different than a lot of
other people,” Weiner said. He established
three other eating disorder programs before taking the leap with Eating Recovery
Center in 2008.
The greatest lesson learned from those
previous ventures is to find the best people and allow them to share in the company’s success, Weiner said. “Then you
just really have to stay true to your vision,
be incredibly optimistic and be unbelievably persistent.”
B14
| JUNE 29JULY 5, 2012
Jones moved by deep commitment to education
BY LISA WIRTHMAN
The idea for the world’s first online university began at the Vietnam Memorial.
Glenn Jones, a Korean War veteran, paid
his first visit to the
wall on a sunny fall
day. Overwhelmed
by the experience,
he sat down on a
park bench to collect
himself. As he got up
to leave, a falling
sycamore leaf hit
him in the forehead.
Media &
Moved, Jones sat
Communications
down again, twirled
Winner
the leaf and stared
at the wall.
Glenn Jones
Jones had been
Title: Executive chairreading
about inman of the board,
equalities in eduCEO and president
cation. He decided
Company: Jones
then that those who
International Ltd.
had the resources
Industry: Online
needed to commit
education
Location: Centennial themselves to education with the same
Phone:
sense of commit800-525-7002
ment as the troops
Website: www.
whose names were
jones.com
on the wall.
“I thought maybe
there would be a few
less wars, more freedom, more justice and
more hope, and that we wouldn’t have so
many war memorials,” said Jones, executive chairman of the board, CEO and
president of Jones International Ltd.
Already a cable pioneer, Jones returned
to Denver and launched his cable television-based Mind Extension University in
1987, which broadcast advanced placement courses across America for free.
The Internet evolved, and that inspired
Jones to create the first online-only university, Jones International University
(JIU), in 1993. JIU also became the first
online-only university to receive regional accreditation in 1999, the same year
Jones sold his Jones Intercable to Comcast
Corp.
To further online education, Jones also
created a technology platform that others
could use to create applications. He also
created the Jones e-global library, a virtual online library used by universities,
businesses and individuals.
Being an entrepreneur “was in my
DNA,” Jones said. “I felt an obligation to
do something for America, and business
was exciting to me. I looked at business as
an art form, because you could be really
creative if you had your own company.”
In his ventures in cable television, radio and the Internet, Jones thrived on
combining technology in different ways
to address evolving needs and opportunities — a concept he called “free market
fusion” in a book he wrote of the same
name.
Jones’ book defines free market fusion
as a convergence of entrepreneurs and
nonprofit organizations to identify and
create new enterprises and innovative
business solutions.
“It’s all related,” Jones said. “It’s like a
tapestry, and you just weave what you
Glenn Jones, executive chairman, CEO and president of Jones International Ltd., created the online university in 1993.
think the future’s going to look like.”
Jones decided to focus his efforts on
fusing learning and technology because
“civilization floats on education,” he said.
Next on Jones’ list is an effort to start curating knowledge on the Internet.
Jones plans to move into the K-12 education market this month by launching a college-ready online global library
for high school students. “Right now I’m
interested in that transition from high
school to college because people aren’t
ready for college when they get there,” he
said.
In his long career, Jones is most proud
of “getting a university off the ground,” he
said. “I think we’re complying with our
commitment to the Vietnam Memorial
in a significant way, so that I can go back
there and feel OK.”
Mask builds relationships with clients and co-workers
BY LISA WIRTHMAN
When Infusionsoft Inc. moves into its
new, 86,000-square-foot headquarters in
Chandler, Ariz., at the end of this year,
it will boast a large
breakfast bar with
about 70 varieties of
cereal.
It pays homage to
the company’s early
days when the three
founders were struggling to feed their
families. But it’s
Media &
also an iconic symCommunications
bol of Infusionsoft’s
Finalist
inherent respect for
entrepreneurs.
Clate Mask
Clate Mask, InfuTitle: CEO and Cosionsoft’s CEO and
founder
co-founder, always
Company: Infusionknew he wanted to
soft Inc.
start his own busiIndustry: Smallness. While some
business CRM
of Mask’s early insoftware
fluencers tried to
Location: Gilbert,
discourage him, he
Ariz.
wouldn’t be swayed
Phone:
from his dream. “Te866-800-0004
nacity is probably
Website: www.
my greatest strength
infusionsoft.com
and my greatest
weakness at the
same time,” he said.
When he started Infusionsoft in 2004
to create customer relationship management (CRM) sales and marketing software for small businesses, Mask quickly
discovered how difficult that dream was
INFUSIONSOFT INC.
Clate Mask is CEO and co-founder of Infusionsoft Inc., which creates a customer relationship management
sales and marketing software.
to achieve.
But Mask didn’t think he could walk
away, even after three solid years of work
yielded little success.
“When it got really, really hard and the
three of us couldn’t provide for our families … the only way I knew was to just be
more tenacious and work harder and do
everything I possibly could to be successful,” he said.
Infusionsoft hit a financial tipping
point when it forged a customer partnership that brought in enough business to
propel the company forward. The company now has about 250 employees, and
is adding about 10 to 15 employees each
month, Mask said.
Revenue is also growing, up 148 percent
from 2007 to 2010, and posting 50 percent
annual growth to hit $26 million in 2011;
it projects $39 million in 2012, Mask said.
That company’s growth spurt accelerated in 2007, when Mask realized the
need for a common vision to motivate employees. Establishing a vision of “helping
small businesses succeed,” and backing it
up with nine core values that range from
empowering entrepreneurs to checking
egos at the door, was a huge turning point
for the company, Mask said.
“We went from the feeling of doing
something really cool to build up a nice
software company and sell it at some
point, to saying we love what we’re doing
… and we think we can change the world
for small businesses,” Mask said.
Mask works to make Infusionsoft’s vision a reality by hiring, training and firing around the company’s core values.
The company also gives stock options to
employees to retain both talent and entrepreneurial spirit.
Infusionsoft makes its first core value,
empowering entrepreneurs, reality by
encouraging employees to develop their
own side businesses. “We believe in entrepreneurs even more than we believe in
a person in a certain role,” Mask said.
About one-third of Infusionsoft’s employees are former entrepreneurs, Mask
said. Others worked in family-run businesses. “Our customers don’t want us to
be a big massive company. They want to
feel like we get them,” Mask said. “One of
the best ways to do that is to make sure
that our employees get entrepreneurs.”
And to keep stocking up on the Lucky
Charms.
JUNE 29JULY 5, 2012 |
B15
Valeski steps out of the crowd
BY LISA WIRTHMAN
Gnip Inc. CEO Jud Valeski’s personal
blog features this quote from Mark Twain:
“Whenever you fi nd yourself on the side
of the majority, it is
time to pause and
reflect.”
In 2006, that’s exactly what Valeski
did, leaving behind
a lucrative job at
AOL Inc. and the
Silicon Valley to return home to BoulMedia &
der and create a new
Communications
majority.
Finalist
A new father,
Valeski
realized his
Jud Valeski
job at AOL “wasn’t
Title: CEO
terribly
challengCompany: Gnip Inc.
ing”
and
decided
he
Industry: Software
didn’t want his kids
Location: Boulder
Phone: 888-777-7405 to grow up watching
Website: www.gnip. him punch a clock.
“I didn’t want to be
com
telling them, go take
risks and put yourself out there, without having lived and done that myself,”
Valeski said, “I wanted to show them what
failure looked like by trying and what success looked like by trying, and the only
way to do that was to go out and try.”
Although Boulder traditionally offered
more hardware opportunities for engineers, the town started receiving more
software investment in 2000, making
Valeski feel it was viable to return home.
Valeski fi rst joined Boulder software
startup Me.dium — a less-risky way to
learn how to launch a software company
of his own — then went on to found Gnip,
also in Boulder, in 2008.
Gnip delivers data streams of activities from social-media sources, including
Twitter, Facebook, Tumblr and WordPress.
Valeski already has faced significant
challenges at Gnip, including moving to
a new technology platform and dealing
with the departure of his co-founder.
That meant technology expert Valeski
became CEO in 2010.
“I get hit on the side of the head every
day with major challenges,” Valeski said.
“What pushes me through … is my belief
that there is so much gold to be mined in
this area.”
Valeski is creating solid partnerships
with social-media companies such as
Twitter and Tumblr, and creating enough
satisfaction among staffers for Gnip to be
named “Best Place to Work in 2012” by the
Boulder Chamber of Commerce.
Gnip’s social-media partnerships also
are boosting growth, as the 40-employee
company will continue to hire two to four
people a month through year-end.
Gnip has been doubling quarterly revenue for the past several quarters, Valeski
said.
Even more remarkable, from late 2010
to late 2011, Gnip’s revenue grew 10 times,
Valeski said, partially driven by an exclusive partnership with Twitter forged in
November 2010.
It’s important for entrepreneurs to have
a solid foundation, Valeski said. “You’ll hit
lots of bumps along the way,” he said. “Being very rooted and grounded in your belief system when that happens is crucial.”
Jud Valeski is CEO of Gnip Inc. He left a job in Silicon Valley to return home to Boulder and build his own
company.
Nomination deadline is
5 p.m., Tuesday, July 3, 2012
The Denver Business Journal is seeking the most
outstanding health and wellness programs created
and implemented by local companies for our annual
awards event – Metro Denver’s Healthiest Employers.
The Healthiest Employers Award recognizes
companies that have made a commitment to
making wellness a reality for their employees. Those
companies proactively shape the health of their
employees. The award winners will be measured
using six core areas of workplace wellness.
To submit your nomination,
www.healthiestemployers.com/events/denver
For more information about the nomination
process, contact Connie Elsbury at 303-803-9223 or
[email protected].
Presenting Sponsor
B16
| JUNE 29JULY 5, 2012
CyraCom’s Woan prefers to invest in his employees
BY LISA WIRTHMAN
Jeremy Woan, chairman and CEO of
Tucson, Ariz.-based CyraCom International Inc., is prioritizing employee
development over
automation and outsourcing to achieve
long-term success.
“I made a clear decision when I joined
that we were going
to do everything in
the domestic U.S.,
and actually have
Services
employees who are
Winner
working out of physical call centers,”
Jeremy Woan
Woan said.
Title: Chairman and
CyraCom, an overCEO
the-phone language
Company: CyraCom
translation provider,
International Inc.
used to do whatever
Industry: Translation
it could to minimize
and interpreters
its fi xed costs, Woan
Location: Tucson,
said. But working
Ariz.
with employees inPhone: 520-745 9447
stead of indepenWebsite: www.
dent contractors encyracom.com
ables the company
to invest in training
to improve customer
results and ultimately grow the business.
Investing in employees was a risky
move to take as the Great Recession took
hold, but the decision paid off in good will
for creating new jobs, Woan said.
The availability of CyraCom’s call centers also scored favorably with clients,
Jeremy Woan is chairman and CEO of CyraCom International Inc., which provides over-the-phone language
translation.
who are regularly invited to visit them, sit
in on trainings and meet interpreters.
Woan also commits to giving clients
transparency through performance metrics, such as the average amount of time
— about 15 seconds — it takes to connect
to an interpreter in one of 175 languages.
Customers are responding to Woan’s
initiatives: CyraCom was named to Inc.
500’s list of fastest-growing private companies in 2009, 2010 and 2011, and is
growing at twice the rate of its industry,
according to Woan.
Prior to taking the lead at CyraCom in
2008, Woan worked for a venture capital
investment firm, and served as a board
member of private and public technology,
telephony and media companies.
Now in his fifth year with CyraCom,
Woan helped the company reduce unit
costs by more than 50 percent while also
posting about 30 percent annual revenue
growth, from $18 million in 2007 to $43.5
million in 2011.
Woan further invests in alent development by empowering the company’s
middle managers, who meet every two
weeks — without the executive management team — to share problems and solutions.
“If you encourage a culture where you
help people identify a problem and identify possible solutions, you will end up
with a level of intellectual engagement
and emotional engagement, which is far
greater than if you end up telling up people what to do,” he said.
That’s a lesson Woan learned from past
experiences as an investor and board
member, where a company’s growth
would get stalled because a CEO or manager “insisted on being at the center of everything,” he said.
Woan encourages consistency by identifying a few core competencies, and
measures of success and failure, that all
employees understand.
“It’s relatively easy to have a good idea.
What is generally very difficult is to execute well,” Woan said. “The more things
you’re trying to do and the more complicated you make them, the more you’re
stacking your odds against success.”
Woan advocates for finding additional
business opportunities that can create
jobs.
“If there are two different things you
can do, and they have a similar economic
end result, but one has a far greater social
community impact, that’s what we should
do,” he said.
Griffith took Alpine Waste up against the big guys
BY PAULA MOORE
John Griffith took advantage of the consolidation going on among the Colorado
waste industry’s biggest players to create
one of its most innovative companies.
He started Alpine
Waste & Recycling
in 1999 out of necessity, soon after
his former employer, Houston-based
waste giant Browning-Ferris IndusServices
tries Inc. (BFI), was
Finalist
acquired by Allied
Waste
Industries
John Griffith
Inc. for $9.1 billion.
Title: President
“When superviCompany: Alpine
sors give you unsoWaste & Recycling
licited letters of recIndustry: Waste
ommendation, you
management
know you need to
Location: Commerce be looking for a job,”
City
said Griffith, a native
Phone: 303-744-9881 of Uvalde, Texas. “I
Website: www.
called a recruiter I’d
alpinewaste.com
used before, but she
couldn’t fi nd a good
fit.”
Griffith knew from
the start that Alpine Waste, as a small company, needed to distinguish itself to successfully compete against larger rivals. He
realized his new venture had to provide
better service to customers and develop
new products to satisfy client needs.
The fledgling entrepreneur used what
he learned getting a business degree at
the University of Colorado Boulder plus
the sales training he received at Sears,
Roebuck & Co., where he managed appliance and electronics departments for
three years, and BFI to deliver the “FedEx-type service” most waste customers
weren’t used to.
When he launched Alpine in his Denver
home, Griffith was advised that “the only
lasting competitive advantage is to have
the next competitive advantage,” and he
took that idea to heart. Alpine realized
sustainable waste handling and recycling
is the future of the industry, and embraced the trend.
Now Commerce City-based Alpine is
the only private waste company in Colorado with its own landfi ll — the East Regional Landfi ll, built to the latest in environmental standards and located just
east of Denver International Airport.
The company also built and owns the
state’s first single-stream recycling center, the $5.5 million, 30,000-square-foot
Altogether Recycling Plant near downtown Denver. With single-stream recycling, customers don’t have to separate
their recyclables.
Alpine also pioneered composting
on a large scale, and the use of natural
gas-powered trash trucks. Natural gas
now powers one-third of the company’s
60-truck fleet.
One of Alpine’s latest innovations is
providing customers with automated recycling reports, so they can see the impact their recycling has on the environment. Alpine’s trucks are outfitted with
John Griffith is president of Alpine Waste & Recycling based in Commerce City.
scales and smart devices that record the
weight and content of each customer’s recycled trash, and using U.S. Environmental Protection Agency ratios, the company
calculates recycling impact.
“We generate a report each month
showing the waste diversion percentage
of trash recycling. … The customer gets a
report saying something like, ‘As a result
of your recycling, you’ve saved 18 trees,’”
Griffith said. “They see quantifiable results of their recycling.”
The waste company’s recycling center
exemplifies Griffith’s philosophy of turn-
ing adversity to his advantage. Alpine
built the center because the state’s only
recycling center at the time — owned
by Waste Management Inc., one of the
country’s largest waste companies — was
closed to third parties. Alpine decided if it
was going to build its own recycling center, the facility would employ the latest,
single-stream technology.
“Being a little guy, we can move quickly
to take advantage of trends,” Griffith said.
“We’re more agile and faster.”
JUNE 29JULY 5, 2012 |
B17
Shadwick learned work
ethic down on the farm
BY PAULA MOORE
Terry Shadwick has been in the construction business all his life, starting
with working in his dad’s rural Iowa
contracting business when he was a
kid. The principles
Shadwick learned
from his father —
quality workmanship and ethical
practices — also
drive his own company, Blue Sky ResServices
toration Contractors.
Finalist
“When
you’re
Terry Shadwick
working for farmTitle: President, CEO ers, if you say you’ll
Company: Blu Sky
be there Monday
Restoration Contrac- morning at 7 a.m.,
tors Inc.
you’re there MonIndustry: Construcday morning at 7
tion
a.m.,”
Shadwick
Location: Centennial said. “If you didn’t
Phone: 303-789-4258 do that, you didn’t
Website: www.
get your next job.
gobluSky.com
… You do whatever
it takes. ‘No, I can’t
do it’ isn’t in your
vocabulary.”
Shadwick and his partner, Andy Bakker, started Blu Sky in 2004, because
the company Shadwick was working for
wasn’t doing well. Shadwick didn’t set
out to be an entrepreneur, he said; he
needed a job.
Privately held Blue Sky is a general and
restoration contracting company that
specializes in cleaning up and rebuilding structures affected by natural disasters, including hail and fire, as well as
man-made challenges, such as keeping
up with routine maintenance.
The company embodies Shadwick’s
experience in the construction business as well as the insurance industry,
where he formerly worked in claims for
the State Farm and Allstate (NYSE: ALL)
insurance companies.
He joined State Farm after graduating
from Iowa State University with a bach-
elor’s degree in business administration.
Blu Sky now employs roughly 200 people and is approaching $100 million in
revenue, according to Shadwick.
The company’s name represents Colorado’s open, often cloudless skies, but
also the optimism the phrase “blue skies”
evokes. “I just kind of pulled it out of the
air, so to speak,” Shadwick said.
That optimistic spirit starts with the
core values Shadwick implemented,
which he calls Cloud 9 Commitments.
Those commitments include practices
such as making sure employees are experts at what they do and professional in
their behavior, and preparing customers
for potential disasters before they occur.
To help employees, as well as customers
and potential customers, get the training they need and keep up with current
industry trends, Shadwick started Blu
Sky University. It offers 10 free courses,
taught by both Blu Sky and industry experts, for continuing education credits.
“Our level of professionalism distinguishes us,” Shadwick said. “Our attitude
is, ‘How can we be a resource and make
our customers’ lives easier.’ It’s all about
keeping your eye on the customers, taking care of business and doing what you
say you’ll do.”
Much of Shadwick’s strategy comes
from management consultant and former Mrs. Fields Cookies exec Brad Hams’
idea of “ownership thinking,” detailed in
his book “Ownership Thinking: How to
End Entitlement and Create a Culture of
Accountability, Purpose, and Profit.”
Blu Sky implemented a profit-sharing
plan based on that strategy. When the
company makes $250,000 in profit, some
of that money goes to employees.
A major lesson Shadwick learned with
Blu Sky is that building a strong company involves not only creating a healthy
corporate culture, but also a robust balance sheet.
“We sort of took our eye off the ball, so
to speak, and forgot the importance of
making money,” he said. “It’s OK to make
money.”
Terry Shadwick is president and CEO of Blu Sky Restoration Contactors Inc. based in Centennial.
Matt Taylor, CEO of Mercury Payment Systems based in Durango, learned about business ownership from
his father and grandfather.
Building up a business is a
family tradition for Taylor
BY LISA WIRTHMAN
Matt Taylor, CEO of Mercury Payment
Systems in Durango, learned important
lessons in entrepreneurship from his
father and grandfather.
Mercury offers
transaction processing services for
small and mediumsized businesses,
and creates technology for thirdparty point-of-sale
Technology
software used by
merchants.
Winner
Taylor still vividly
remembers
Matt Taylor
his grandfather’s
Title: CEO
story of walking
Company: Mercury
away with tears in
Payment Systems
his eyes after being
Industry: Transacturned down for a
tion processing
job as an entry-level
services
salesman when he
Location: Durango
Phone: 970-247-5557 was a young man
in Dayton, Ohio.
Website: www.
“My grandfather
mercurypay.com
decided he wasn’t
going to let someone else control his
life,” Taylor said.
His grandfather found a mentor, and
eventually started his own successful
typesetting business.
Taylor’s father also was an entrepreneur, leasing time over phone lines to
people who wanted to access massive
mainframe computers housed in the
Taylor family basement.
“I saw this personally, that it didn’t
matter where you came from. With the
right amount of energy, creativity and a
little luck, you could be successful,” Taylor said.
But after watching digital printing kill
his grandfather’s typesetting business,
Taylor learned another important lesson
— technology will drive change and disruptions. “You can either ride the wave of
disruption or be completely destroyed by
it,” Taylor said.
As CEO of Mercury since 2009, Taylor
has guided the company to create multiple platforms for payment processing
that embrace mobile devices.
“There’s more innovation in payments
now than in the last 10 years I’ve been in
the business,” Taylor said.
With the convergence in technology
between a merchant’s point of sale and
mobile devices, Taylor predicts that in
five years, a significant number of daily
transactions will occur without a person.
“If we at Mercury don’t pay attention to
that, we could be completely disrupted,”
Taylor said.
Taylor believes so strongly in the need
to integrate support for mobile devices,
he was willing to stand alone to drive
Mercury’s first acquisition when the
company’s management group preferred
a different option.
The company recently completed its
acquisition of a mobile-based loyalty
company that can enable a restaurant to
use consumers’ mobile phone numbers
as loyalty account numbers.
Mercury will deliver its own version of
the technology in July, Taylor says.
Mercury continues to grow with about
575 employees and another 100 jobs to
fi ll next year.
The company recently broke ground
on a new $20 million headquarters and
call center with 100,000 square feet. It
plans to donate 30 acres of the campus to
the city of Durango for conservation.
Since Taylor took the helm three years
ago, earnings and revenue have more
than doubled, and Mercury expects to
grow revenue and earnings another 30
percent in 2012, he said.
Taylor says he’s had to work hard to
prove himself as the company’s first CEO
who wasn’t a founder, although he was
Mercury’s eighth employee.
“A founder can make more mistakes,”
Taylor said. “I had to earn the respect
of the role in ways that were new to any
CEO position in our company.”
Like his grandfather, Taylor isn’t afraid
to forge his own path.
B18
| JUNE 29JULY 5, 2012
Confio’s Larson set out to relieve customers’ pain
BY PAULA MOORE
When Matt Larson was looking for a job
while attending the University of Colorado in Colorado Springs, he turned to local
newspaper employment listings.
He singled out the
highest-paying jobs,
and noticed the
most common word
in those listings was
Oracle — as in computer
technology
giant Oracle Corp.
Technology
(Nasdaq:
ORCL).
Finalist
Then he talked
himself into an inMatt Larson
ternship at Oracle’s
Title: CEO, founder
Colorado
Springs
Company: Confio
operation.
Software
“I had 10 phone
Industry: Software
books’ worth of
Location: Boulder
manuals to study,
Phone:
and I learned every303-938-8282
thing in the manuWebsite: www.
als,” said Larson,
confio.com
who went on to earn
a bachelor of science
degree in business
administration at CU. “On spring break at
Daytona Beach, I was reading manuals.”
That’s how Larson got his start in
the technology industry, and where he
learned a key lesson in what’s become his
business mantra: Big pain in big markets
equals big gain.
“Everybody has a pain list — things that
are bothering you — and the higher up on
that list my product is at addressing that
pain, the more successful it is,” Larson
said. “The lower on the list, the less successful a product will be.”
The entrepreneur, who’s from Minnesota, started Boulder-based Confio Software in 2002, after working for other companies, including an oil and gas dot.com.
Before creating Confio, Larson looked for
a business to buy, but realized the companies he liked were either up for sale because they weren’t doing well or were too
large for him to afford.
Confio builds simple tools that solve
complex information-technology problems for database administrators and
developers. The company is a pioneer
in response-time analysis with its Ignite
product, for example, which monitors and
analyzes the performance of database
systems to prevent user slowdowns. Ignite
resolves issues faster than other systems
by focusing on application and end-user
response, rather than server health.
“The odds of success for a company
that doesn’t solve a problem are one out of
1,000,” Larson said. “You have much higher odds of success, if you solve a problem.
… A lot of innovation is solving a problem
you didn’t think could be solved.”
After a few years at Confio, Larson found
another problem that needed addressing — helping sexually abused children
— and sold the company to create the
Guardian of Angels Foundation of Denver
with his wife, Melanie. He also launched a
private equity company in 2008, but “that
was the worst imaginable time to have a
financial company, and it blew up,” Lar-
Matt Larson is CEO and founder of Confio Software based in Boulder.
son said. Confio subsequently asked Larson to return as CEO.
The company’s problem-solving strategy appears to be working better than
ever. Confio now supports customers
worldwide, with Ignite monitoring nearly
100,000 “database instances,” also called
complete database environments. Its customers include finance, insurance, technology, manufacturing and health care
companies as well as governments and
educational institutions.
In early 2012, Confio doubled the size
of its Boulder headquarters space, at 4772
Walnut St., to 20,271 square feet, after its
revenue jumped 71 percent and its workforce doubled to 60 people in 2011, according to the privately held company.
“I’ve had a great time at Confio since I
went back,” Larson said.
Pittinsky found his formula for success — times two
BY LISA WIRTHMAN
Education entrepreneur Matthew
Pittinsky includes two key ingredients
in his formula for entrepreneurial success: “You have to
have a large marching trend that’s relatively early and untapped, and a strong
team of people who
are willing to work
really hard to tackle
it.”
That
formula
Technology
worked well at eduFinalist
cation
software
company
BlackMatthew
board Inc., which
Pittinsky
Pittinsky co-foundTitle: CEO
ed in 1997 and took
Company: Parchpublic in 2004.
ment Inc.
After
leaving
Industry: Online
Blackboard in 2008
transcripts
to earn a doctorate
Location: Scottsdale,
degree in sociology,
Ariz.
Pittinsky returned
Phone: 480-719-1646
to the education
Website: www.
technology market
parchment.com
and founded Scottsdale,
Ariz.-based
Parchment Inc. in
2011. He’s the CEO.
With Blackboard, the “large marching
trend” was that education was going to
move online, Pittinsky said. Using Parchment, people can manage their academic
and professional credentials, store their
transcripts, and use the data to ascertain
PARCHMENT INC.
Matthew Pittinsky is CEO of Parchment Inc. based in Scottsdale, Ariz.
their chances of being admitted to specific colleges or universities.
Pittinsky first had the idea for Parchment when founding Blackboard. The
idea finally became viable when he discovered California-based Docufide Inc.,
which provides the online transfer of academic transcripts from high schools to
colleges and universities.
“It was an amazing core business to get
involved in, and from it we could build
the broader Parchment vision,” Pittinsky
said.
At a deeper level, Parchment can mine
transcripts to analyze course data and
performance. “If there’s a radical social
agenda … it is to try to make credentials
more meaningful by going to the data underneath,” Pittinsky said.
As for finding strong employees. Pittin-
sky generally sees three types of potential
workers: “the people who take the hill, the
people who fortify the hill and the people
who come in afterwards who reconstruct
the town around the hill.”
At Parchment, the best employee match
is a person who wants to be a company
builder, he said. Parchment has grown to
about 90 employees. It’s held two rounds
of financing, getting $4.5 million in the
first round and $7.5 million in the second.
Transaction volume also doubled every
year for the last four years, reaching 1.6
million in 2011, and ending up another 96
percent in the first quarter of 2012, Pittinsky said.
As CEO, Pittinsky also has grown since
his days at Blackboard. “I get much more
satisfaction from seeing the team accomplish things, than from being the one who
accomplishes them personally,” he said.
To keep Parchment’s culture consistent as the company grows, Pittinsky
holds first-Friday meetings for the whole
company to talk about company news
and goals. “I believe culture is where
the whole is greater than the sum of the
parts,” he said.
Pittinsky’s advice to other entrepreneurs is to create an easy on-ramp. “You’ve
got to be able to break down your idea to
the point where there’s a first proof point
that’s accessible, because that’s what will
beget money and the money will beget
more development,” Pittinsky said. “It’s
that chicken-and-the-egg scenario, and
that’s the way you crack it.”
June 29-July 5, 2012 |
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B20
| JUNE 29JULY 5, 2012
The competitors were fearless.
And because they triumphed,
we all have reason to celebrate.
Congratulations to the Ernst & Young Entrepreneur Of The Year®
2012 Mountain Desert Region Award recipients!
We were inspired by their stories. Honored their hard work. And celebrated.
These entrepreneurs are part of the ranks of game-changing Ernst & Young
Entrepreneur Of The Year Award recipients. Their vision, passion and solid
execution stood out among a strong field of competitors.
Regionally sponsored by
Mike Fries
Liberty Global
Russell Sigler
Russell Sigler, Inc.
Englewood, CO
Tolleson, AZ
Jeremy Woan
CyraCom
International, Inc.
Tucson, AZ
entrepreneurial excellence
Matt Taylor
Mercury Payment
Systems
Mike Buchen
Skydex
Technologies
Louisville, CO
Durango, CO
Centennial, CO
Glenn Jones
Jones International
Ernst & Young LLP refers to the global organization of member firms
of Ernst & Young Global Limited. Ernst & Young LLP is a client-serving
member firm in the US.
Centennial, CO
© 2012 Ernst & Young LLP.
All Rights Reserved.
Services
Bruce Johnson
Global Healthcare
exchange (GHx)
Health Technology & Services
1112-1314618 Winners Ad DBJ 9.5 x 13.5.indd 1
Lifetime Achievement
Media & Communications
Founded and produced by
Government and Security
Technology
Jack Hays
WPd/Resource
West, Inc.
Dale Katechis
Oskar Blues
Brewery
Grand Junction, CO
Longmont, CO
energy & Cleantech
Consumer Products & Services
Nationally sponsored by
6/25/2012 12:03:56 PM

Spectrum Search Partners

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