Building boom continues at CU

Transcription

$1
TECHNOLOGY
Cool gadgets worthy
of a holiday wish list
9A
Volume 32
Issue 26 | Dec. 6-19, 2013
Building boom continues at CU
BY JOSHUA LINDENSTEIN
[email protected]
BOULDER – New buildings seem
to be sprouting on Boulder’s University
of Colorado campuses like wildflowers
lately – and the list of dated buildings
getting makeovers keeps growing.
Still, Steve Thweatt, CU’s assistant
Construction projects nourish campus, local economy
vice chancellor for facilities management, said recently that the amount
of construction activity is really no
anomaly in terms of the number of
facilities or the overall project costs.
“Amazingly, it’s probably average,” Thweatt said. “Even through
the recession, the campus has been
as busy as it’s ever been in the past,
which is really amazing. … Alternative sources of funding have really
come through. It’s been a terrific
boost for the campus.”
It’s been a boost for the local econ-
omy as well.
The seven CU-Boulder construction projects under way combine for
$229.7 million in costs, including soft
costs such as architectural plans and
permitting fees.
That’s not to mention the $100
million renovation and expansion
➤ See Building, 12A
Stockholders
put Noodles,
Clovis shares
on sale block
Real estate outlook
Conference draws experts on area’s housing, commercial markets
BY BETH POTTER
[email protected]
JONATHAN CASTNER
Brad Blackwell, an executive vice president in charge of portfolio lending at Wells Fargo Bank, offers his forecast for
2014 to a crowd of about 400 people at the Boulder County Business Report's annual Boulder Valley Real Estate Conference & Forecast, held Nov. 21 at the University of Colorado-Boulder. See stories, 13A-19A.
Serving Boulder & Broomfield Counties
Boulder County’s Business Journal
BOULDER – Two very different publicly traded local companies
have seen success served up in rising
share prices in recent years.
Restaurant chain Noodles & Co.
Inc. and biopharmaceutical developer Clovis Oncology Inc. announced
stock sales in early December, creating future cash wealth estimated in
the hundreds of millions of dollars,
mostly for shareholders.
Companies and stockholders
hold such sales when they think they
can get the best prices, said Robert
Pyle, a certified financial planner
who heads Diversified Asset Management Inc., a wealth-management
firm in Boulder. The stock market
has gained about 30 percent this
year, an indication that the market is
getting stronger, he said.
Stockholders and company officers at Broomfield-based Noodles
➤ See Stockholders, 23A
CONTENTS
Awards ........................................ 22A
BCBRdaily..................................... 2A
Business Digest .......................... 22A
Calendar...................................... 23A
Editorial ....................................... 26A
Eye ................................................ 3A
For the Record ............................ 20A
Medical File ................................... 8A
Observations ............................... 26A
On the Job .................................. 22A
Real Estate .................................. 24A
Sales Smarts ................................. 6A
LISTS
Software Companies .................. 10A
Telecommunications Companies 11A
2A
|
Dec. 6-19, 2013
Boulder County Business Report | www.bcbr.com
CU grad students invest $30,000 in startup Elihuu
66%
6-10
24%
11-15
8%
16-20
0%
21-25
0%
26-31
2%
50 votes from Sept. 18 to Dec. 10.
This poll is not scientific and reflects only the opinions of
those Internet users who have chosen to participate. The
results cannot be assumed to represent the opinions of
Internet users in general, nor the public as a whole.
Take the BCBR Opinion Poll online at BCBR.com.
ed its lowest unemployment rate since
January 2009, according to a report
by the Colorado Department of Labor
and Employment.
The report included September
and October numbers because the
➤ See BCBRdaily, 27A
May your Spirits be Bright
Gift Sets, Gift Cards, Beer of the Month
Club Certificates
60
0-5
50
40
Area jobless rate drops
BOULDER – The unemployment
rates in Boulder and Broomfield counties decreased for the fourth month in
a row in October as Colorado record-
30
BOULDER – Elihuu, a startup
company whose slogan is “meet your
manufacturer,” has met an investor
– a group of University of ColoradoBoulder graduate students.
The students put $30,000 into Elihuu, an online software platform that
connects product designers with manufacturers who can make their wares.
The students-turned-venture capitalists direct CU-Boulder’s Deming Center Venture Fund, which was launched
by a donor in 1997 and is a program of
the Leeds School of Business.
Selected from across campus to be
part of the fund, the students manage everything from scouting new
companies to vetting business plans,
negotiating the terms of agreements,
making final decisions on investments and supporting investees with
ongoing resources and advice.
The $30,000 investment will go
toward development and expansion
Collective IP raises VC
BOULDER – Collective IP Inc., a
company focused on buyers and sellers in the technology licensing market, received $2.5 million from High
Country Venture LLC, investor David
Cohen of Boulder and other unnamed
investors.
Boulder-based Collective IP markets its online search engine and related website platform to inventors, buyers and others in the estimated $100
billion technology licensing market.
The new funding will be used to
build a new version of the website platform, based on feedback from users,
Adam Rubenstein, founder and chief
operating officer, said in a press statement. The search engine gives business
development professionals access to
technology listings from more than
1,000 sources including universities,
research institutes, hospitals, government labs, foundations, associations,
agencies and patent offices.
Posted Nov. 20.
BCBR Opinion Poll
Our online question:
It’s the holiday season. How many
days will you take off from work in
December?
20
[email protected]
BCBR DAILY
CU raises $1.5 billion
BOULDER – Private donors gave
more than $1.5 billion to the University of Colorado’s four campuses during a seven-year fundraising campaign.
The University of Colorado
received more than $1.521 billion
from the Creating Futures fundraising campaign, according to University of Colorado president Bruce
Benson. The University of ColoradoBoulder received $574.8 million in
funds from the campaign, said Ken
McConnellogue, a CU spokesman.
Benson, who graduated from CU
in 1964, kicked off the fundraising
campaign in July 2006 with a goal
to raise $1.5 billion. The campaign
formally wrapped up on Sept. 30.
Results were announced Nov. 21.
In general, the University of Colorado system receives 5.4 percent
of its funding from public sources,
McConnellogue said.
Of the total raised, $45 million went toward biotechnology
research and building support at
CU-Boulder, according to the press
statement.
Posted Nov. 22.
10
BY BUSINESS REPORT STAFF
of the Elihuu tool, which Ferlauto
says is similar to a matchmaking
website except it’s for designers and
manufacturers working to line up
with the right business partners.
Posted Nov. 27.
0
Editor’s note: The following is a wrapup of breaking local business stories
published daily on the Boulder County
Business Report’s website. Sign up
for our free BCBRdaily, an all local
e-news report sent to your email each
weekday. Just click on “Register for
E-Newsletters” at www.BCBR.com.
Dec. 6-19, 2013
|
3A
Caterer awaits plan for flood-damaged building
[email protected]
BOULDER – David Rubin is
anxious to see what the city of Boulder decides to do with the flooddamaged building at Flatirons Golf
Course that formerly housed his
Spice of Life Event Center.
But he’s also got plenty to attend
to with the still-operating portions
of his business, including trying to
bring those all under one roof.
Rubin, who co-owns A Spice of
Life Catering Services LLC with
Dan Bruckner, said the catering
portion of the business still is rolling along with its corporate cafés
and event-planning divisions. But
the event center has been shuttered
for about two months now after the
September flood damaged the public portions of the aging city-owned
building.
“We’re still plenty busy; we just
have a big hole where that events
center was,” said Rubin, whose business leases about 13,000 square feet
of the roughly 18,000-square-foot
building at 5706 Arapahoe Ave.
“Maybe it’s finally time to rebuild,
and maybe this put it over the edge.
“The city is just doing it by the
book as you would expect.”
The city is working with a consultant to conduct architectural
and engineering assessments of the
building, assessing flood mitigation that would be required in any
repairs, as well as what retrofits
would have to be done to bring
the building up to city codes and
Americans with Disabilities Act
requirements.
The intent, said city recreation
Points of pride
superintendent Alice Guthrie, is to
gain a general sense of new building
cost versus repair cost. Guthrie said
there is no timeline for when repairs
or a rebuild might be done until city
staff has time to evaluate the consultant’s report, which is expected
sometime in January.
In early 2010, the city worked on
a master plan that included, in addition to various upgrades to the golf
course, a new building to house a
pro shop, bar and events area. Parks
and Recreation director Kirk Kin➤ See Caterer, 8A
Connect for
slackers,
Colorado?
Do you got insurance?
How about proper grammar? Or
ideas about marketing to Colorado’s
healthy young people?
Two nonprofits unrelated to the
state health-care exchange – ProgressNow Colorado and Colorado Consumer Health Initiative – have launched
a privately funded marketing push that
mimics the classic “Got Milk?” campaign with a millennial-focused dose
of absurd advertisements.
The campaign, with its tagline “Do
You Got Insurance?” is meant to motivate young adults to purchase coverage
from Connect for Health Colorado,
the state’s insurance exchange.
BCBR EYE
JONATHAN CASTNER
Licensed acupuncturist Noah Goldstein of Boulder is shooting for an early February launch of The Acupuncture Bus. The
mobile clinic will be housed in a 1993 Coachmen Royal 38-foot recreational vehicle that Goldstein is renovating, with a
front office and a treatment area with two separate bays.
Boulder acupuncturist launching clinic on bus
[email protected]
BOULDER – Noah Goldstein
is looking to bring traditional Chinese medicine to the people with
The Acupuncture Bus mobile
clinic.
Goldstein, a licensed acupuncturist and August graduate of the
Southwest Acupuncture College
in Gunbarrel, said he’s shooting
for an early February launch. His
1993 Coachmen Royal 38-foot
recreational vehicle already is getting renovated in anticipation.
The business model is straightfor-
“Got Insurance?” has dwarfed the
Connect for Health campaign, at least in
terms of controversy, with its depiction
of a young woman eager to get her male
friend “between the covers” or a young
man perched atop a beer keg with no
recollection of how he got there.
Will it work? Judge for yourself at
doyougotinsurance.com.
I know a lot of people who can’t get acupuncture
because they can’t afford it or it’s not near them or not
around them. I wanted to do something a little bit different
and find out if this could work.
Noah Goldstein
OWNER,
THE ACUPUNCTURE BUS
ward. Goldstein, 28, plans to have
a front office on the bus as well as
a treatment area with two separate bays. He plans to coordinate
with existing health-care facilities,
schools, universities, businesses
and community centers to park
the bus and provide care onsite
much as a food truck might serve
➤ See Points, 4A
COURTESY DOYOUGOTINSURANCE.COM
4A
|
Dec. 6-19, 2013
Freeman Myre adds residential division
PROGRESS
[email protected]
BOULDER — Local commercial real estate brokerage Freeman
Myre Inc. is adding a residential
side to the firm.
The official launch date is Jan. 1,
although broker Sharon Seymour
already is working with clients as
she and the company ramp up the
website, marketing information
and other support structure.
Seymour, who owned Lovelandbased Key Realty Group LLC for
five years before closing that business, joined Freeman Myre a month
ago to manage the residential operations. Before entering the real estate
industry seven years ago, the South
African native worked in the aviation industry.
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the housing market, Freeman said
now felt like a good time to add the
residential side of the company.
“We saw a niche where a lot of
our clients were asking for help and
they already had long-term existing
relationships with us,” Freeman
said. “So they felt comfortable staying in that environment if we did
residential.”
Seymour worked with Freeman
Myre on some special projects early
in her real estate career. Freeman
said Seymour would be the only
immediate addition to the fiveperson company based at 3000
Pearl St. in Boulder.
“Our intent is to most likely
keep it small,” Freeman said, “and
focus on one on one service with
our clients as opposed to a big
operation.”
about alternative health care and
acupuncture in particular.
“I know a lot of people who can’t
get acupuncture because they can’t
afford it or it’s not near them or not
around them,” Goldstein said. “I
wanted to do something a little bit
different and find out if this could
work.”
Goldstein, a Nashville, Tennessee, native who moved from there
to Israel to south Florida before
attending college in Boston, spent
time as an environmental educator
for a pair of nonprofit organizations
in New York. He began acupuncture
school in Brooklyn, transferring to
Gunbarrel two years ago.
Since graduating, he’s done volunteer work in Guatemala and run
a small private practice out of his
home while hatching plans for The
Acupuncture Bus.
Goldstein is expecting to put
about $30,000 in startup costs into
the project. That includes $15,000
of his own money. He’s also raised
close to $5,000 in pledges through
an Indiegogo.com crowdfunding
campaign in which he’s seeking to
raise a total of $15,000.
Goldstein flew to Seattle last
week and purchased his RV for
$12,500. He’s working with a contractor to have the inside refinished
with wood floors, walls, planters and
lighting. He’s having the exterior
painted and wrapped with his logo.
There have also been tasks such
as purchasing business insurance,
which he said has been tricky
because of the uniqueness of what
he’s doing.
For now, the business is a oneman show. But Goldstein said he’s
hoping to be able to hire another
acupuncturist to work with him
within three to six months after
launch.
“It’s been really exciting for me
to get to engage in this other part
of myself that isn’t just acupuncture,” he said of the entrepreneurial
aspect.
Goldstein said he’s hoping eventually to franchise the operation or
sell business plans to other operators
around the state and nation.
“I feel like if I start to franchise it I
might become a business person and
not an acupuncturist,” Goldstein
said. “But I would love to franchise
it. When that happens and how that
happens” is to be determined.
from 3A
an office park on select days. He also
plans to park the bus at festivals,
concerts and sporting events.
Goldstein said his rates will be
on a sliding scale, from $40 to $80
for a half-hour session, with patients
choosing what amount to pay in that
range.
The idea is to make acupuncture more affordable and accessible,
while also creating more awareness
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“I’ve known (Freeman Myre
ow ner a nd ma nag i ng broker
Andrew Freeman) a couple years,”
Seymour said. “With his connections and professionalism and the
way he operates his business, he
and the other partners here are
very well known and very knowledgeable in the real estate industry. It’s just a very professional
company.”
Freeman said the commercial
side of his business will continue
to operate as usual. Seymour brings
her own client base to the company. But Freeman said another big
source for the residential business
will be the commercial connections, as the company now will be
able to assist commercial clients
with employees’ relocation needs.
Particularly with the strength of
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Volume 32 : Issue 26
Dec. 6-19, 2013
Copyright 2013. BizWest Media LLC.
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Is published biweekly, with an extra issue in December, by BizWest Media LLC, a Colorado
corporation, 3180 Sterling Circle, Suite 201,Boulder Colorado, 80301-2338.
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Dec. 6-19, 2013
|
5A
Plans set for neighborhood in North Boulder
[email protected]
BOULDER — Allison Management LLC owner Andy Allison said
that a groundbreaking in March is on
tap if things go as planned for a new
neighborhood in North Boulder of 31
single-family homes at the former site
of Boulder County’s fire-training center.
Allison Management is partnering
with Boulder nonprofit Thistle Communities on the neighborhood, which
Allison said at this point is dubbed 820
Lee Hill for the address of the site.
The neighborhood will sit on 6.2
acres tucked between Lee Hill Drive
on the north and Yellow Pine Avenue
to the south. Eighth Street borders
the area to the west, while an extension of 10th Street is planned to border the neighborhood on the east.
Allison Management and Thistle
are under contract to buy the countyowned land for $3 million, and Allison
said the sale could close in December
or January. The county built a new fire
training facility near Boulder Reservoir
in 2010, with the Lee Hill property
being used as a transportation maintenance facility since then.
The neighborhood passed site
review with the planning board in
October and was not called up for
review by city council. Developers still
need to go through the technical document review and permitting processes.
COURTESY THISTLE COMMUNITIES
An artist’s rendering depicts a new neighborhood in North Boulder of 31 single-family homes at the former site of Boulder
County’s fire-training center. Tentatively called 820 Lee Hill for the address of the site, it will sit on 6.2 acres bounded by Lee Hill
Drive, Yellow Pine Avenue, Eighth Street and a planned extension of 10th Street.
“It’s a great site,” Allison said.
“There’s just not a lot of these parcels
left in Boulder. It’s a unique opportunity west of Broadway to bring some
different styles up there.”
The 820 Lee Hill homes will range
in size from 1,200 to 2,360 square
feet above grade plus unfinished basements, with Coburn Development
doing the design. A pathway would
run east-west through the neighborhood, connecting to a park in the
central area and some more open
space at the southeast corner of the
development. Allison said prices will
generally range from $400,000 to
$600,000 for market-rate homes.
Allison said the developers are leaning toward making six of the homes
comply with Boulder’s affordablehousing program rather than building
other affordable units offsite or paying
cash in lieu.
Allison said he anticipates buildout of the neighborhood to take 15 to
18 months.
“I don’t think sales will be an issue,”
Allison said. “It’s a strong market for
Longmont
$400,000 to $700,000 homes.”
The neighborhood is the fourth
development in which Allison Management has partnered with Thistle, a
nonprofit geared toward providing permanently affordable homes for families,
seniors and people with disabilities.
Both companies, Allison said,
have had a common focus on midrange housing in Boulder somewhere
between rentals on the lower end and
the higher-end single-family homes.
“It’s just been a good fit for our two
companies,” Allison said.
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6A
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Dec. 6-19, 2013
Asking for commitment not a hard-sell tactic
I
read an article recently that
slammed sales people for using
the “hard-sell” tactic of asking for
a decision at the end of a presentation. At Sandler, we train our clients
to avoid making a presentation, proposal or quote without a prior commitment from the prospect to make
a “no” or “yes” decision at the end of
the presentation.
Two valuables a salesperson possesses are information and time.
Making presentations without a
commitment by a prospect to make
a choice between “no” and “yes” at
the end is a waste of both.
There are two instances when
asking for a decision at the end of a
presentation is a hard-sell tactic:
The prospect didn’t agree up
front to make a decision. Without
an agreement beforehand to make a
clear decision at the end of the presentation, a salesperson essentially
ambushes his or her prospect. This
then triggers the prospect’s “fight or
flight” response, neither of which
will result in a closed sale.
The salesperson’s presentation
doesn’t speak to the prospect’s reasons for buying. This seems obvious,
but too many sales presentations fall
into “here’s what we can do for you”
instead of “here’s how we’ll solve
your specific issues.” Both instances
come directly from the traditional
sales playbook of “qualify” (find
someone who will listen to you),
“present” (let me tell you about our
features and benefits), and “close”
(hope that your prospect chooses
you instead of your competitors
who made the same presentation)
and plays right into a prospect’s system for buying,
which largely
involves gathering the most
information
while making
the fewest commitments.
To put your
prospect at ease
SALES SMARTS
and get a deciBob Bolak
sion each time
you present, follow these three
steps:
Give your prospect an out first.
Prospects expect salespeople to ask
for a “yes.” Giving your prospect
the option to say “no” enhances
your credibility and lowers your
prospect’s defenses. It also sets your
mindset correctly so that you can
focus on truly helping the prospect
discover if your solution/product/
service is right for him or her – rather than latching on to “yes” (at all
costs) and avoiding ‘no.” Salespeople
that embrace a “no” as a natural part
of the sales process actually close
more sales because they’re less likely
to avoid asking prospects the hard
TWO VALUABLES
a salesperson possesses
are information and time.
Making presentations
without a commitment by a
prospect to make a choice
between “no” and “yes” at
the end is a waste of both.
questions and holding them accountable for the commitments they made
earlier in the sales dialogue.
Observe your prospect’s physiology and tone. Prospects aren’t used
to making commitments to salespeople. If you see your prospect tense
up, pull away, waver their voice or
become quieter when you ask them if
they would be OK making a decision
at the end of your presentation, you
must address their discomfort right
away or you can expect to get a “no”
decision at the end of your presentation. Here again, the traditional salesperson, uncomfortable with the natural tension of a traditional sales call
(where the prospect’s yes/no decision
is saved as the crescendo for the end
of the call), often either skirts directly asking for the business at the end of
the sales call or shocks the prospect
by asking them to do something they
weren’t prepared to do.
Have your prospect guide the presentation. Instead of assuming which
issue is most important to your prospect, ask them to drive your presentation, which gets them more emotionally involved and more likely to buy.
The “average” salesperson out
there today has read all of the books
on closing and been to all of the
seminars on how to convince a prospect to say “yes.” The problem with
such focus on sales technique is that
many of those same prospects have
been to the similar seminars and
see those outdated tactics coming
from a mile away. To make matters
worse, your competitors have been
to those same seminars and are using
those same techniques. You begin to
see the problem now – when you’re
using the same outdated tactics as
your competition. You all look alike
to the prospect, and that leaves them
with only one distinguishing characteristic to differentiate you from
your competition: the lowest price.
Stop wasting your time and information and close more sales. Look
different and act different from your
competition. If you ask up front, it
isn’t a hard sell.
Bob Bolak, president of Sandler
Training in Boulder, can be reached at
303-376-6165 or [email protected].
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Dec. 6-19, 2013
Ball imager set to ride
NASA weather satellite
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7A
Instrument to be launched from Japan in 2014
BUSINESS REPORT STAFF
[email protected]
BOULDER — A Ball Aerospace
& Technologies Corp. instrument
essential for a new era in precipitation
measurements has arrived in Japan,
where it will launch aboard NASA’s
Global Precipitation Measurement
mission.
Boulder-based Ball Aerospace’s
GPM Microwave Imager is a multichannel, conical-scanning, microwave
radiometer that is part of an international satellite mission led by NASA
and the Japan Aerospace Exploration
Agency. Following launch in early
2014 aboard the spaceborne GPM
Core Observatory, the radiometer
is part of an international satellite
constellation that will capture nextgeneration observations of rain and
snow worldwide every three hours,
as well as unprecedented 3-D views
of hurricanes and snowstorms. GPM
data also will contribute to the monitoring and forecasting of weather
events such as droughts, floods and
hurricanes.
“Ball is proud to be part of an
international satellite mission that has
advanced microwave sensor capabilities to set a new standard of calibration
for the scientific community,” said Jim
Oschmann, vice president and general
manager of Ball’s Civil Space and Technology business unit.
Roughly 10 1/2 feet tall, the GMI
instrument is a powerhouse of radiometry. Rotating at 32 revolutions
per minute, it will use four very
stable calibration points on each
revolution to calibrate the data it has
scanned. Ball Aerospace designed,
developed and fabricated the GMI,
which is central to the mission’s success because it provides temporal
sampling of rainfall accumulations
and more frequent and higher-quality data collection than currently
available. With less than 2 percent
of the Earth’s total water volume
being potable, the scientific community has long been committed to
acquiring more precise and complete
precipitation information.
GMI, along with Japan’s Dualfrequency Precipitation Radar, will
make radiometric and radar measurements of precipitation around the
world and will provide the compre➤ See NASA, 22A
COURTESY BALL AEROSPACE & TECHNOLOGIES CORP.
A worker at Boulder-based Ball Aerospace & Technologies Corp. adjusts
a microwave imager to be used in orbit as part of a joint NASA-Japanese
Global Precipitation Measurement mission.
Call for Nominations
Inductee
and Alumni
Reception
(open only to inductees,
alumni and sponsors)
March 19, 2014
The Boulder County Business Hall of Fame
recognizes outstanding business leaders from
the present and past. Inductees honored have
been instrumental, through business-related
efforts, in providing direction, energy and
support to the shaping of Boulder County since
its inception.
The Boulder County Business Hall of Fame
is a nonprofit corporation, with all proceeds
supporting the Hall of Fame and its programs.
Every year, the Hall of Fame donates scholarships
to deserving students at the University of Colorado
Leeds School of Business. In both 2012 and 2013,
four scholarships totaling $10,000 were presented.
Induction
Luncheon
April 23, 2014
11:30-1:30 p.m.
Plaza
Conference Center
1850 Industrial Circle,
Longmont, CO 80501
1 Hall
16th Annua
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H ALLulderofCounty Business
FA ME
´´´´
1B - HOF
17th Annual Boulder County Business
´´´´
HALL of FAME
Submit nominations for the
2014 class at www.halloffamebiz.com
Contact Chris Wood at 303-630-1942 or
[email protected], for nomination or sponsorship information.
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COURTE
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rry Lewis and
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Top row: Jeff Schott,
Richard Herring.
Second row: Lou DellaCava,
Jay Elowsky, William Boettcher.
Third row: Jerry Lee.
May 1 - 14, 2009
SECTION B
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8A
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Dec. 6-19, 2013
BCH, Cigna try ‘pay for value’ to cut costs
Y
ou may have noticed that
many hospitals and healthcare providers are looking for
more ways to keep patients healthy
and to lower medical costs.
A new collaboration between
Boulder Community Hospital and
Cigna Corp. (NYSE: CI) insurance
company is a good example. If 4,500
Boulder Valley residents who have
Cigna insurance use health-care
services less often than they have in
the past, doctors affiliated with the
hospital program may get paid more
than they have in the past, according
to Michelle Vroom, a Cigna spokeswoman. Vroom declined to give
financial details of the collaboration.
Cigna plans to pay doctors a set
amount every month for each member insurance patient – as long as the
patients don’t use services, according
to Vroom. Without giving financial
details, Vroom said the amounts
paid will vary among doctors who
see Cigna patients, depending on
location and by practice.
Cigna’s goal with the Boulder
Community Hospital program is to
create something that works similar
to the Accountable Care Organizations that are coming online as part
of the federal Affordable Care Act
going into effect in January, Vroom
said. The Affordable Care Act, now
commonly called “Obamacare,” was
passed by Congress in 2010.
Accountable Care Organizations
are the result of a provision in the
Affordable Care Act that allows the
federal Medicare program to reward
doctors and hospitals who save
CATERER
money on Medicare patient treatment.
The new “pay for value” structure
for the hospital/Cigna collaboration
is very different from the old model
of how insurance companies paid
for health-care services, Vroom said.
Under the old model, doctors would
be paid for the number of services
they provide.
Strong marks for area hospitals
We also want
to give Boulder
Community
Hospital a shoutout for receiving
an “A” grade in a
recent national
safety survey by
The Leapfrog
MEDICAL FILE
Group, a selfBeth Potter
described independent industry
watchdog.
The rating indicates how well
hospitals protect patients from accidents, errors, injuries and infections,
according to Washington, D.C.based Leapfrog, which was created
in 1998 by member employer hospitals and other health-care providers.
Hospitals are surveyed and rated for
free but must pay a licensing fee if
they want to advertise their scores or
use a related safety logo.
Boulder Community Hospital does not plan to pay to license
the logo or to advertise the score,
according to Rich Sheehan, a hospital spokesman.
The rating uses 28 measures of
CIGNA PLANS TO PAY DOCTORS
a set amount every month for each member insurance
patient – as long as the patients don’t use services.
publicly available hospital safety
data to come up with a grade of “A,”
“B,” “C,” “D” or “F.” More than 2,500
hospitals in the United States were
assigned scores by The Leapfrog
Group this fall.
Avista Adventist Hospital in
Louisville also received an “A” in the
national safety survey. Longmont
United Hospital in Longmont and
Exempla Good Samaritan Medical
Center in Lafayette both received a
“C” in the survey.
No Longmont United Hospital
representative was immediately
available for comment about the ratings. Exempla spokeswoman Mary
Meeks pointed out that the hospital
received an “A” grade the last time a
Leapfrog Group rating was compiled
about a year ago. Meeks also said
different groups gather and report
hospital safety information in different ways, creating results that “can
be inconsistent and therefore confusing to all of us.”
Exempla has received awards
recently from other rating groups –
most notably two commendations
related to heart failure and stroke
from U.S. News & World Report
magazine in October and other
recent mentions from the American
Heart Association, Meeks said.
Alzheimer’s to insulin
Biopharmaceutical research company AmideBio LLC has named a
biotech veteran to its business advisory board as the company starts to
research a form of insulin that would
not need refrigeration.
AmideBio made its name as a
company that created a product
that could be used by Alzheimer’s
researchers. The company plans
to use its existing manufacturing
processes to make the new form of
insulin, according to a press statement.
David Bradbury, the new business
advisory board member, formerly
was president and chief executive
of Amylin Pharmaceuticals Inc.
(Nasdaq: AMLN) in San Diego, a
diabetes drug and research company.
Amylin was bought by a subsidiary
of pharmaceutical company BristolMyers Squibb (NYSE: BMY) in
2012 for an estimated $5.3 billion.
AmideBio hopes to use Bradbury’s expertise to help build its
own research as well as to “cultivate
new relationships with pharma
partners,” said Misha Plam, the company’s president and chief executive.
Beth Potter can be reached at 303630-1944 or [email protected].
from 3A
cannon said there were three different
plans drawn up for such a building
that varied in size and amenities,
although nothing was set in stone as
far as what would happen or when.
Once estimated repair costs are
known, Kincannon said it’s likely
that the three new-building scenarios likely would be discussed as
a point of comparison.
“It will certainly drive the discussion (of whether to rebuild) one way
or the other,” Kincannon said of the
flood damage.
The building had about two inches of floodwater inside, Rubin said,
damaging flooring and walls and
causing some mold issues. Rubin
and Bruckner originally began working right away to rip out flood-damaged materials in preparation to
make repairs. They even cleaned up
enough to host two weddings and a
memorial service at the event center
on Sept. 14 and 15, just days after
the flooding began.
But city officials advised them the
next week to nix any repair efforts
until the city decided what direction
it wanted to go with the building.
If the city decides to rebuild, Kincannon and Guthrie said, it probably
THE FLOOD DIDN’T COME WITHOUT SOME HEFTY
consequences, however. Spice of Life had to lay off about
16 of its 162 employees about a month ago because of the
wiped-out event-hosting business. After hitting $4.2 million in
revenue last year, Rubin said, the company will do about $3.6
million this year. He said it stands to lose about $850,000 in
sales because of the flood.
would seek out a public-private
partnership, potentially with Rubin
and Bruckner, who have talked to
the city in past years about rebuilding at the site.
“We hope we have first right of
refusal on what happens there next,”
said Rubin, whose 25-year-old company has leased space there since
1998. “But we really are waiting on
studies, cost and whether it’s going
to be a rebuild or a refurbish.”
Fortunately for Spice of Life,
the building’s kitchen area was
untouched by the flood. Rubin said
Spice of Life got approval on air
quality, had the walls tested for
moisture and mold, and has been
operating the catering business out
of the space ever since.
The flood didn’t come without
some hefty consequences, however.
Spice of Life had to lay off about 16
of its 162 employees about a month
ago because of the wiped-out eventhosting business. After hitting $4.2
million in revenue last year, Rubin
said, the company will do about
$3.6 million this year. He said it
stands to lose about $850,000 in
sales because of the flood.
The event center had played host
to meetings for more than 30 civic
groups in the city, and Rubin said
the first few weeks after the flood
were spent scrambling to help those
groups find spaces. The company
still is catering some of the events
that it had to move offsite.
“It was very, very hard for us,”
Rubin said of laying off staff and
announcing to clients that the event
center was going to close.
Aside from keeping the remaining portions of the business running smoothly, Rubin and Bruckner
are zeroing in on new space for
the company. Spice of Life’s main
business offices are at 5541 Central
Ave. Rubin said the intent is to find
about a 10,000-square-foot space
that could house the main offices,
kitchen, catering business and, possibly, even a small event space.
The new space, he said, could
end up being temporary if Spice of
Life were a part of whatever plans
the city moves forward with on
the building at the golf course. He
also acknowledged that if the city
rebuilds, a new building there could
be two to three years away.
“In the meantime, I need to hedge
my bets,” Rubin said, “and I need to
find a permanent home with a very
large commissary kitchen that can
handle the growth that Spice of Life
continues to have.”
Dec 6-19, 2013
BOULDER COUNTY BUSINESS REPORT
|
9A
WWW.BCBR.COM
10A | Software Companies
11A |Telecommunications
TECHNOLOGY
Companies
GADGETS
Gizmos worthy of being
on a holiday wish list
FUTORO CUBE
Like Rubik’s reinvented for
Generation Y, the Futuro Cube
uses 54 multi-color LEDs and
4-channel audio for a puzzlemaking experience that can
involve touch, shaking or speech
to create the pocket-sized fun.
Price: $99
BLADEPAD
Stylish Apple accessory designed for gamers who like to play
on-the-go. Includes low-latency gaming controller that slides
out when needed with illuminated joysticks and buttons.
Additional charging power cable allows you to charge your
iPhone/iPad or iPod Touch while playing so you won’t have
to fear your battery’s demise.
Price: $125
OCTOPOD
HD CAMERA GOGGLE : Zeal
FABRIC KEYBOARD
Optic’s HD Camera Goggle uses an in-goggle
viewfinder to create videos and photos. It
shoots 12-megapixel HD photos and 1080p
and 720p HD quality video. Rechargeable
lithium-ion battery has a three-hour run time,
depending on usage. Easily integrates with all
social media outlets to share your memories.
Price: $399
Logitech’s amazingly thin, light Bluetooth Fabricskin Keyboard has wipe-clean keys that magically
vanish into the inner fabric. The keyboard is comfortable for typing when you need it and almost
invisible when you don’t. Full-size keys help you
type as fast as on a standard keyboard.
Price: $29.99
Breffo’s flexible rubber-coated metal legs attach to
your camera via a screw-mount. A handy solution
for taking group photos without having to require
the help of strangers.
Price: $20
ACTIVITY MONITOR
Whistle’s utility belt is an on-collar device that measures your
dog’s activities including walks, play and
rest, giving you an idea on your canine’s
day-to-day ventures. You can even check in
on your smartphone to see what your dog
is up to while you are at work. For now, the
device is only compatible with Apple iOS
5.1 or greater, but Android compatibility is on the horizon.
Price: $99.95. Engraving, $20
WATER BLASTER
What’s better than flying a helicopter drone
around, annoying people? Flying a drone that’s
equipped with a water pistol, of course. Cool off
your foes with pinpoint moisture strikes.
Price: $65
10A
|
Dec. 6-19, 2013
BUSINESS
REPORT
RANK
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
LIST
SOFTWARE
SOFTWARE COMPANIES
COMPANIES
(Companies in Boulder and Broomfield counties ranked by revenue.*)
(Companies in Boulder and Broomfield counties ranked by revenue.*)
2012 Earnings
2011 Earnings
Local employees
Worldwide employees
Products/Services
Person in charge
$104,507,000,000
$106,900,000,000
3,400
N/A
Computer software, hardware and services.
Pete Lorenzen
senior state executive
$1,900,000,000
$1,100,000,000
103
55,000
Electronic design automation software and consulting services for engineers designing
integrated circuits and printed circuit boards.
Gregory K. Hinckley
president, COO
RETURN PATH INC.
8001 Arista Place, Suite 300
Broomfield, CO 80021
303-999-3100/303-999-3101
$57,000,000
$45,000,000
275
N/A
Global email intelligence innovation that includes competitive benchmarking and
deliverability insight, security and anti-phishing solutions, and marketing/response
consultation.
Matt Blumberg
CEO/chairman/founder
PS TECHNOLOGY INC.
4801 N. 63rd St., Suite 200
Boulder, CO 80301
303-527-2100/303-527-2001
$16,172,000
$15,380,000
43
66
Workforce scheduling, crew management and timekeeping software, RCO and Locomotive
simulation software, Yard Operation software.
Edward Williams
president
GORILLA LOGIC INC.
1500 Pearl St., Suite 300
Boulder, CO 80302
303-974-7088/303-484-3466
$10,439,000
$9,010,000
61
N/A
Custom application development services on the ground and in the cloud as well as testing
services.
Stu Stern
CEO/president
ENLASO CORP.
4888 Pearl East Circle, Suite 300E
Boulder, CO 80301-3339
303-516-0857/303-516-1701
$6,300,000
$6,000,000
20
30
Documentation translation, software and website localization, interpretation services,
localization consulting and training services.
Yves Lang
vice president sales and marketing
SHIPCOMPLIANT
1877 Broadway, Suite 703
Boulder, CO 80302
303-449-5285/720-528-7942
$5,447,100
$4,187,600
37
37
Compliance and reporting automation software and market enabling solutions for the wine
and spirits industry.
Jason Eckenroth
CEO/founder
OPTTEK SYSTEMS INC.
2241 17th St.
Boulder, CO 80302
303-447-3255/303-447-3886
$3,500,000
$3,000,000
20
20
Advanced analytics optimization software for enhancing most applications including HR,
finance, defense, logistics, etc. Ideal for managing uncertainty in complex systems such as
workforce environment.
James P. Kelly
CEO
VISIONLINK INC.
3101 Iris Ave., Suite 240
Boulder, CO 80301
303-402-0170/303-402-0169
$3,317,295
$3,021,018
32
34
Offers web-based software for social services, disaster management, homeless
management (HMIS), information and referral (2-1-1/ I&R), elder care and educational
sectors.
W. Douglas Zimmerman
CEO/president
BOULDER IMAGING INC.
1500 Cherry St., Suite C
Louisville, CO 80027
303-604-2368/720-890-7731
$3,300,000
$4,500,000
22
N/A
Vision inspection solutions for precision applications. Our intelligent, learning-based
technology transforms the manufacturing quality assurance process by driving down
operating costs, reducing risk and improving quality with unprecedented speed and
accuracy. Specialties include surface inspection, meteorology and high=performance digital
video recording.
Carlos Jorquera
CEO
Don Mills
president, COO
CRMCULTURE LLC
1455 Dixon Ave., Suite 300
Lafayette, CO 80026
303-875-7163
$3,028,620
$1,753,301
20
6
Salesforce.com partner and innovative CRM software and consulting services provider.
Specializing in Marketing Automation, Business Intelligence, CRM Implementation, Training
and Rescue.
Steve Roch
CEO/president
ALSO ENERGY INC.
3360 Mitchell Lane
Boulder, CO 80301
866-303-5668
$3,000,000
$1,500,000
12
15
From panel to portfolio, AlsoEnergy provides the most robust energy monitoring and asset
management solutions for renewable energy financiers, developers, EPCs and inverter
manufacturers.
Holden Caine
CTO
Robert J. Schaefer
CEO
ISONAS INC.
4720 Walnut St., Suite 200
Boulder, CO 80301
303-567-6516/303-567-6991
$2,527,773
$1,891,315
16
16
Software and hardware for Pure IP access control in physical environments.
Rob Mossman
CEO
NEOMEDIA TECHNOLOGIES INC.
100 W. Arapahoe Ave., Suite 9
Boulder, CO 80302
303-546-7946/636-648-9922
$2,300,000
$2,270,000
4
20
QR and mobile barcode technology and infrastructure solutions that enable the mobile
barcode ecosystem worldwide.
Laura Marriott
CEO
IMULUS LLC
3005 Sterling Circle, Suite 201
Boulder, CO 80301
303-247-0550/303-247-0084
$1,483,997
$1,383,317
17
N/A
Interactive design and .Net, iOS, and Rails application development.
Scott Hooten
George Morris
John Skufca
co-owners
BOULDER LABS INC.
7105 La Vista Place
Niwot, CO 80503
303-652-0725
$1,300,000
$1,300,000
9
N/A
Software for inventors, entrepreneurs and scientists.
Robert Gray
president
INTELLIPROP INC.
105 S. Sunset St., Suite N
Longmont, CO 80501
303-774-0535/303-774-0535
$1,000,000
$1,000,000
10
N/A
Provider of SATA, SAS and RAID-based IP cores, bridges, port multipliers. ASIC and FPGA
customized designs. Provider of SSD chip.
Ami Patel
general manager
SECOND PHASE
250 Arapahoe Ave., Suite 208
Boulder, CO 80302
303-582-9326/303-582-9326
$500,000
$400,000
N/A
N/A
Web-development services; XML-based data integration, JSP based eCommerce, intelligent
search tools and drill downs for dynamic attributes. Focused on the distribution sector.
Mark Kostovny
president
BAREFOOT PRODUCTIONS INC.
1101 W. Enclave Circle
Louisville, CO 80027-2900
303-665-7843/303-665-8234
$250,000
$210,000
1
1
Application and component software architecture, design and development services.
Specializing in all aspects of Windows, OS X desktop applications and iOS and Android
mobile software development.
Don Metzler
president
DD9
4725 16th St., No. 104
Boulder, CO 80304
303-417-6369/303-417-6313
$225,000
$175,000
2
4
Website 2.0 design, application development, systems integration, database development.
Ruby on Rails, PHP/MySQL, high-level WordPress.
Todd G. Dumas
president, creative director
WEBROOT INC.
385 Interlocken Crescent, Suite 800
303-442-3813/303-442-3846
N/A
N/A
200
350
Internet security solutions for consumers, SMBs and enterprises.
Dick Williams
CEO
FLATIRONS SOLUTIONS
500 Discovery Parkway, Suite 200
Superior, CO 80027
303-627-6535/303-666-6711
N/A
N/A
120
380
Content management consulting and software.
Geoffrey Godet
CEO/president
CARDINAL PEAK LLC
1380 Forest Park Circle, Suite 202
Lafayette, CO 80026
303-665-3962
N/A
N/A
55
N/A
Hardware and software development for embedded devices and mobile and set-top
applications.
Howdy Pierce
Mike Perkins
managing partners
PARASCRIPT LLC
6273 Monarch Park Place
Niwot, CO 80503
303-381-3100/303-381-3101
N/A
N/A
50
90
Image analysis suite extracts information from images.
Bill Pearlman
CEO
TRAININGPEAKS
7007 Winchester Circle
Boulder, CO 80301
720-406-1839
N/A
N/A
48
N/A
Training and nutrition software for endurance coaches and athletes.
Dirk Friel
Gear Fisher
co-founders
Company
IBM CORP.
6300 Diagonal Highway
Boulder, CO 80302
303-924-6300
MENTOR GRAPHICS CORP.
1811 Pike Road, Building 2, Suite F
Longmont, CO 80501
720-494-1000/720-494-0457
Researched by Mariah Tauer
*Second ranking criterion is number of employees.
Source: Business Report Survey
Dec. 6-19, 2013
BUSINESS
REPORT
RANK
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
LIST
Company
|
11A
TELECOMMUNICATIONS
TELECOMMUNICATIONSCOMPANIES
COMPANIES
(Companies ininBoulder
andand
Broomfield
counties
rankedranked
by number
of employees.)
(Companies
Boulder
Broomfield
counties
by number
of employees.)
Local employees
Worldwide
employees
Products/Services
Phone
Website
Headquarters
Person in charge
Year founded
LEVEL 3 COMMUNICATIONS INC.
1025 Eldorado Blvd.
2,500
10,000
Global provider of telecommunication services.
720-888-2750
www.level3.com
Broomfield
Jeffrey K. Storey
CEO/president
1998
QUALCOMM INC.
6180 Spine Road
Boulder, CO 80301
500
30,000
Research and development of digital wireless communications, including mobile, satellite and cellular.
303-247-6000
www.qualcomm.com
San Diego, California
Donna Angel
director, facilities and
administration
1985
ZAYO GROUP LLC
1805 29th St.
350
1,300
Provides bandwidth infrastructure services over regional and metropolitan fiber networks, enabling customers
to transport data, voice, video and Internet traffic.
303-381-4683
www.zayo.com
Louisville
Dan Caruso
CEO, president
2007
ADVANCED THIN FILMS LLC
5733 Central Ave.
Boulder, CO 80301
75
75
Precision optical components and ion beam sputtered coatings for applications in scientific research, defense,
aerospace, telecommunications and laser and semiconductor manufacturing.
303-815-1545
www.atf-ppc.com
Boulder
Joe Stupfel
general manager
1992
CONNECT FIRST INC.
3101 Iris, Suite 200
Boulder, CO 80301
38
42
Connect First platform is suited for inbound, outbound and blended contact centers serving a range of
industries.
866-929-1390
www.connectfirst.com
Boulder
Geoffrey Mina
CEO
2005
SOURCE COMMUNICATIONS INC.
2260 Industrial Lane
26
N/A
PEI
5435 Airport Blvd., Suite 106
Boulder, CO 80301
22
N/A
Microsoft Lync and Cisco Unified Communications, Polycom video conferencing, virtualization technologies, IT
network infrastructure services.
303-786-7474
www.pei.com
Boulder
Tim Krueger
president
1988
CERES TECHNOLOGY GROUP INC.
2985 Sterling Court, Suite A
Boulder, CO 80301
20
N/A
Mitel Exclusive Business Partner specializing in VoIP phone solutions, digitial phone solutions, hospitality
solutions and telephony systems.
303-440-6963
www.cerestech.com
Boulder
Lloyd Brady
president
Darrin LeBlanc
owner
1993
AEROSOLUTIONS LLC
5500 Flatiron Parkway, Suite 100
Boulder, CO 80301
17
23
Custom design-build services for telecommunications industry tower owners.
720-304-6882
www.aerosolutionsllc.com
Boulder
James D. Lockwood
CEO
2004
DRAGON CONSULTING INC.
2355 Canyon Blvd., Suite 202
Boulder, CO 80302
13
N/A
Custom business software for collecting data including the wireless telecommunications industry.
303-284-0471
www.dragondev.com
Boulder
Keith Dragon
CEO/president
2000
FORETHOUGHT.NET
2347 Curtis St.
Denver, CO 80205
12
34
One of Colorado's largest independent voice and data service providers, offering gigabit fiber internet access,
cloud, voice and data solutions, business phone systems, colocation, IaaS and more.
303-815-1000
www.forethought.net
Denver
Jawaid Bazyar
president
1995
INTELLIPROP INC.
105 S. Sunset St., Suite N
Longmont, CO 80501
10
10
Provider of SATA, SAS and RAID-based IP cores, bridges, port multipliers. ASIC and FPGA customized designs.
Provider of SSD chip.
303-774-0535
www.intelliprop.com
Longmont
Ami Patel
general manager
1999
CONVERGENCE SOLUTIONS INC.
421 21st Ave., Suite 2
Longmont, CO 80501
9
9
Specializes in Toshiba and Avaya communications systems (VoIP), surveillance systems, Lifesize video
conferencing systems, Aruba wireless networking and structured cabling.
303-772-4300
www.wifipros.com
Longmont
Steve Solton
president
1999
RADISH SYSTEMS LLC
2525 Arapahoe Ave., Suite E4-604
Boulder, CO 80302
8
11
A cloud-based software-as-a-service solution, ChoiceView helps businesses share visuals in-call with mobile
users to transform dreaded interactive voice response systems into Visual IVRs and enhance agent transactions.
720-440-7560
www.radishsystems.com
Boulder
Theresa M. Szczurek
co-founder
Richard A. Davis
co-founder
2009
EVOLVE TECHNOLOGIES LLC
250 Arapahoe Ave., Suite 102
Boulder, CO 80302
7
10
ShoreTel, Extreme Networks, Enterasys Networks, Aruba Networks, Juniper Networks, LifeSize Vid
Conferencing, Microsoft partner. Local:XO, Level3, TW Telecom, Cbeyond, Integra, Windstream Century Link
303-543-0470
www.evolvewithus.com
Boulder
Doug Hanson
president
1995
ROCKY MOUNTAIN SYSTEMS INC.
1725 Vista View Drive, Suite A
Longmont, CO 80504
7
7
ESI, Avaya, Vodavi, mountain phone service. Networking, servers, Cat6 cabling, fiber optic installation and
testing, VOIP phone service.
303-772-2881
www.mountainphone.com
Longmont
Jeffrey T. Korringa
president
1989
ROCKYNET INC.
382 S. Arthur Ave.
6
N/A
SSAE-16, HIPAA and PCI Data Center specializing in colocation, managed servers and virtual cloud machines.
303-444-7052
www.rockynet.com
Louisville
Paul Mako
CEO/president
1996
EARTHNET INC.
4735 Walnut St., Suite F
Boulder, CO 80301
5
N/A
SSAE 16 Type II/SOC1/HIPPA compliant data center, e-commerce consulting, cloud services, systems
administration and managed services, moe provider, rack space, co-location, in+outside managed services
303-546-6362
www.earthnet.net
Boulder
Bahman Saless
CEO
1994
PRECISION FIBEROPTICS INC.
3042 Stevens Circle S.
Erie, CO 80516
5
N/A
Communications cabling for data, voice and fiber optics.
303-661-0977
www.precisionfiberoptics.com
Erie
Steven R. Gage
owner
1993
DIGITAL SOLAR TECHNOLOGIES
5775 Arapahoe Ave.
Boulder, CO 80303
4
N/A
Smart PV/gen/wind/hybrid power site controllers. Customized for use with renewable energy sources. Industries
- remote telecommunications, oil and gas and military. Remote monitoring and programming.
303-442-6553
www.digitalsolar.com
Boulder, Colorado
Dan Pringle
president
Ken Termin
operations manager
1986
BOULDER PHONE INC.
2805 Wilderness Place, Suite 1200
Boulder, CO 80301
3
N/A
Ericsson-LG VoIP & digital business telephone systems for 5-500 employees; commercial voice, data, & video
cabling, infrastructure; and carrier services of Century Link, Comcast, Integra, & Windstream
303-442-5500
www.boulderphone.com
Boulder
David McIntosh
president
1986
BLUIP INC.
1880 Industrial Circle, Suite D
Longmont, CO 80501
3
17
BroadSoft hosted VoIP, cloud-based unified messaging, broadband solutions. Co-location data center.
303-500-1104
www.bluip.com
Las Vegas, NV
Joe Yandrofski
vice president, national
accounts
2010
ACT COMMUNICATION TECHNOLOGY
1726 Gay St.
Longmont, CO 80501
N/A
N/A
Computer networking and security, telephone systems, voice and data connectivity, cabling, wireless.
303-772-2622
www.actcomtech.com
Longmont
Chip Titchenal
2003
INTUICOM INC.
4900 Nautilus Court N., Suite 100
Boulder, CO 80301
N/A
N/A
Designs and manufactures industrial wireless data solutions that enable and enhance automation, intelligent
transportation, and precision GPS applications.
303-449-4330
www.intuicom.com
Boulder
Tom Foley
CEO/president
1999
LEWAN & ASSOCIATES INC.
4900 Pearl East Circle, Suite 100
Boulder, CO 80301
N/A
N/A
IT consulting, IP networks and phone systems, videoconferencing, SAN storage, backup solutions, business
computing, professional services.
303-541-2824
www.lewan.com
Denver
Frank Narum
branch manager
1972
National installations of voice, data, security and sound systems including Bose and Bogen for large commercial
303-466-8925
businesses. Belden, Corning and Panduit certified installation partners.
www.source-communications.com
Broomfield
Jeff Ditges
president
1987
Researched by Mariah Tauer
N/A: Not available.
Source: Business Report Survey
12A
|
Dec. 6-19, 2013
N.Y. Times: NSA tapped into Level 3’s cables
BY DOUG STORUM
[email protected]
BROOMFIELD — The National
Security Agency was able to eavesdrop on the communications of
Google and Yahoo! users without
breaking into either company’s data
center by targeting the fiber-optic
cables that connect their data centers,
according to a New York Times report
in late November.
Fingers have been pointed at
Broomfield-based Level 3 Commu-
nications Inc., an Internet backbone
provider whose cables are used by
Google and Yahoo!.
The article, written by Nicole Perlroth and John Markoff at the Times,
said those interception points could
have been approved by Level 3, which
owns the cable infrastructure through
which the majority of America’s web
traffic travels.
“People knowledgeable about
Google and Yahoo!’s infrastructure
say they believe that government spies
bypassed the big Internet companies
and hit them at a weak spot – the fiberoptic cables that connect data centers
around the world that are owned by
companies like Verizon Communications, the BT Group, the Vodafone
Group and Level 3 Communications,”
Perlroth and Markoff wrote.
“It is impossible to say for certain
how the NSA managed to get Google
and Yahoo!’s data without the companies’ knowledge,” the Times article
continued, “But both companies, in
response to concerns over those vulnerabilities, recently said they were
now encrypting data that runs on the
cables between their data centers.”
According to venturebeat.com,
Level 3 released a statement saying,
“It is our policy and our practice to
comply with laws in every country
where we operate, and to provide government agencies access to customer
data only when we are compelled to
do so by the laws in the country where
the data is located.”
A Level 3 spokesman said the
company has no further comments
beyond the press statement.
Business Hall of Fame seeking nominations
BY BUSINESS REPORT STAFF
[email protected]
LONGMONT — The Boulder
County Business Hall of Fame is
accepting nominations for its class of
2014.
Each year the hall identifies five to
eight businesspeople who exemplify
business, cultural and philanthropic
initiatives that serve as the foundation
of communities in Boulder County.
The class of 2014 will be honored
at a luncheon and induction ceremony April 23 at the Plaza Convention
Center in Longmont, home of the
BUILDING
hall of fame where plaques honoring
members adorn a wall.
The Boulder County Business Hall
of Fame was established in 1992 to
recognize and honor women and men
who personify “business at its best.”
The inaugural class was inducted in
1993. Since then, approximately 150
people have been inducted.
The class of 2013 included Tom
Chapman, First MainStreet Insurance; Mark Retzloff, Alfalfa’s; Linda
Cain, Cain Travel; Scott Nix, Nixcavating; Jirka Rysavy, Gaiam Inc.;
and Court Dixon, Kinsley & Co. The
Hover Family – Charles, Katherine
and Beatrice – was inducted posthumously.
Nominations are being accepted
at www.halloffamebiz.com, through
an online form or a form that can be
downloaded, completed and mailed
to Boulder County Business Hall of
Fame, P.O. Box 2081, Longmont, CO
80502. Deadline to submit a nomination is Tuesday, Dec. 31.
To become a sponsor of the 2014
Boulder County Business Hall of Fame
program, contact Chris Wood at 303630-1942, email [email protected],
or Kevin Loewen at 303-630-1945,
email [email protected].
from 1A
of the MacAllister building on East
Campus. The Sustainability, Energy and Environment Complex, as
that project is called, is set to break
ground this month, upgrading the
289,0 0 0 -square-foot MacA llister building and adding an adjacent
120,000-square-foot wet laboratory
building.
The two largest projects under way
account for more than $150 million.
The recreation center, built in
1973 and added on to in 1990, is
undergoing a renovation of its existing 235,242-square-foot space while
also gaining a 69,199-square-foot
addition that will double weight
training space and add a multi-activity gym with indoor turf. There’s
also a Ralphie-shaped outdoor pool
in homage to the school’s buffalo
mascot.
That project is funded by a student
fee increase that students voted in
themselves.
Thweatt said the rec center hosts
many more activities now than when
it was originally designed.
“It’s really bringing it to the expectations that students have today,”
Thweatt said.
The other big project under way is
the improvements being done to the
campus utility system, including the
construction of a new energy plant on
the east side of the main campus, next
to Coors Events Center. The total
project cost is $91.1 million.
The university’s current power
plant at 18th Street and Colorado
Avenue doesn’t have room to expand.
The old and new plants will provide
the chilled water and steam for the
main campus as well as enough electricity to power all of CU-Boulder if
needed, although Xcel Energy Inc. is
the primary power supplier to campus.
“In projecting the growth of the
campus over time, the current energy
plant is not large enough to handle
the capacity … of all the facilities
we expect to be built in the campus
master plan,” Thweatt said.
One area in particular that’s booming is CU’s East Campus, where the
$160 million Jennie Smoley Caruthers
Biotechnology Building opened last
year. A $32 million addition to that
building is slated for completion by
August 2016. In the meantime, the
SEEC renovation and expansion will
come online along with the Pod J
building at the southwest corner of
Foothills Parkway and Colorado Avenue, a medical clinic to support the
University Hospital System that could
break ground in spring, according to
Thweatt.
Originally a research park, Thweatt said East Campus has the capacity for about 4 million square feet
of building space but has less than 2
million now.
“It has migrated over the years to a
true campus,” Thweatt said.
Under construction at CU
Construction projects under way at various
University of Colorado sites in Boulder.
Information courtesy of Steven Thweatt, assistant
vice chancellor for facilities management.
Recreation center upgrade
What: Renovation of existing 235,242-square-foot
facility includes replacement of 40-year-old building
systems, a rebuilt ice rink, renovated aquatics
area, multipurpose group fitness, plus wellness
and athletic training areas. A 69,199-square-foot
addition doubles weight training space and adds a
multi-activity gym with indoor turf in addition to a
Ralphie-shaped outdoor pool.
Cost: $63.5 million.
Funding: Student fee increase voted on by
students.
Expected completion: Spring 2014.
Campus utility system
What: Improvements include construction of an
East District Energy Plant next to Coors Events
Center, rebuilding existing heating and cooling
plant at 18th Street and Colorado Avenue,
upgrading piping infrastructure and connecting
new energy plant with current system. Project
gives campus ability to produce its own power
when needed through natural gas-fired turbines.
Funding: Bonded and paid for through the
auxiliary utility cost structure by which campus
users pay for services.
Ekeley Sciences Middle Wing
What: Renovation of 21,660 square feet to
modernize undergraduate teaching labs for
chemistry.
Funding: University cash reserves.
Expected completion: Ready for fall 2014.
Baker Hall
What: Renovation of 114,534-square-foot
residence hall built in 1937.
Funding: Auxiliary funding from housing and
dining services.
Expected completion: Ready for fall 2014.
Glenn Miller Ballroom
What: Renovation of $13,304-square-foot space
in the University Memorial Center, including
ballroom upgrades, pre-function improvements,
kitchen renovations and the addition of a
gender-neutral restroom.
Cost: $3.8 million.
Funding: UMC auxiliary funding and university
cash reserves.
Campus data center
What: An ongoing renovation of the Space
Sciences Center building that will centralize
servers for campus so that CU constituents
can pay a fee to the data center rather than
maintaining their own individual servers.
Expected completion: First $3 million phase to
be completed by summer 2014.
Cristol Chemistry
What: An 8,400-square-foot backfill renovation
to place an atmospheric chemistry testing
chamber in space vacated by researchers who
moved to the new Caruthers Biochemistry
building on East Campus.
Cost: $2.6 million.
Expected completion: 2014.
Source: Steven Thweatt, assistant vice chancellor for
facilities management
Dec. 6-19, 2013
|
13A
BOULDER VALLEY REAL ESTATE CONFERENCE & FORECAST
Wells Fargo exec talks rates, regs, home buying
BY DOUG STORUM
[email protected]
JONATHAN CASTNER
Brad Blackwell, an executive vice
president in charge of portfolio lending
at Wells Fargo Bank, tells a crowd at
the Boulder County Business Report’s
annual Boulder Valley Real Estate Conference & Forecast that the demand for
housing will increase in 2014.
BOULDER – Home-loan interest rates will rise, new federal regulations will require more of mortgage lenders, and the demand for
housing will increase in the coming
year, according to Brad Blackwell
with Wells Fargo Bank.
Blackwell delivered his predictions in his keynote address, “The
National Picture: Residential Markets in 2014,” on Nov. 21 during the
Boulder County Business Report’s
annual Boulder Valley Real Estate
Conference & Forecast held at the
Stadium Club on the University of
Colorado-Boulder campus.
Blackwell, in charge of portfolio
lending at Wells Fargo, expects
interest rates, now in the 3.5 percent range for a 30-year fixed home
loan, will increase to 4.5 percent
next year, if the federal government begins to taper its purchase
of mortgage-backed securities. The
feds have been buying $40 billion worth of those securities per
month, a practice it started in 2009
to help stimulate the economy.
He said federal regulations that
will require lenders to obtain independent third-party verification of
a borrower’s ability to repay a loan
will go into effect Jan. 14.
“Commercial and FHA loans
won’t change, but people who are
self-employed will find it harder” to
secure a loan, Blackwell said.
Blackwell expects federally sponsored Freddie Mac (Federal Home
Loan Mortgage Corp.) and Fannie
Mae (Federal National Mortgage
Association) will “go away, and be
replaced with a system that will
make taxpayers less at risk.” He
said dissolving Freddie and Fannie
requires a congressional act.
He said to expect the federal
government to lower conforming loan limits from $417,000 to
$400,000.
Blackwell predicted that the
housing market will continue to
become stronger because more buyers are becoming financially able to
buy that next home¸ and more firsttime buyers are becoming financially eligible.
“Realtors are in a good place
as we head into the next decade,”
he said. “Property is beginning to
appreciate. More people have the
ability to buy as they begin to attain
equity in their existing homes.” He
said sellers who had lacked confidence to move will gain confidence
as real estate values increase.
Boulder commercial market called unique, strong
BY BETH POTTER
[email protected]
BOULDER — Real estate is all
about supply and demand, making
Boulder’s commercial real estate
market a great investment, according
to top brokers here.
Boulder is relatively unique in the
nation as a “supply-constrained” real
estate market with continued strong
fundamentals, said Ned Carner, vice
president for investment at Unico
Properties LLC, which is based in
Seattle. In addition, vacancy rates in
downtown Boulder remain low, making commercial real estate attractive,
said Becky Gamble, chief executive
of Dean Callan & Co. Inc. Regional
constraints on building also have
kept existing properties performing
well, said Lynda Gibbons, president
and managing broker of GibbonsWhite Inc. in Boulder.
The three brokers spoke at an
“Art of Investment” panel Nov. 21
as part of the Boulder Valley Real
Estate Conference & Forecast at the
Stadium Club on the University of
Colorado-Boulder.
Because properties in the region
typically sell for $10 million or less,
most larger institutional investors
aren’t interested, another interesting wrinkle in the regional market, Carner said. Unico recently has
invested in several properties in the
Boulder market, including 1738 Pearl
St. just east of the Pearl Street Mall.
Boulder commercial real estate is
“a very strong market, and a different
market,” said Carner. “I hear people
say Boulder is 10 square miles surrounded by reality, and from a real
estate perspective, that holds true
as well.”
But because commercial real
estate here is such a great investment,
potential investors trying to get into
JONATHAN CASTNER
A panel on commercial real estate investing includes, from left, Marc Painter, a partner at the Holland & Hart law firm; Lynda
Gibbons, president and managing broker of Gibbons-White Inc. in Boulder; Becky Gamble, chief executive of Dean Callan &
Co. Inc.; and Ned Carner, vice president for investment at Seattle-based Unico Properties LLC.
the market need to be patient, Gibbons said. About 50 percent of the
real estate transactions in which Gibbons is involved are never formally
listed for sale, she said. Potential
investors should be ready and willing
to pay 45 percent to 55 percent of a
property price to get their foot in the
door, Gibbons said.
“Be exceedingly patient and get
your money put together,” Gibbons
said. “It takes a long time to get an
asset” in Boulder.
One commercial real estate trend
– office properties sold under a condominium structure – is very popular among business owner-users,
Gibbons said. There also is a lot of
owner-user activity in the marijuana
industry, since many landlords won’t
lease property to marijuana companies, Gamble said.
About 50 percent of business
owner-users buy property with
the help of federal Small Business
Administration loans, which offer
favorable interest rates.
Potential investors can expect an
average return on investment ranging
from 4.5 percent to 6.5 percent in
downtown Boulder and from 7 percent to 10 percent in business parks
to the east, Gibbons said. Carner
suggested that investors could expect
up to a 30 percent to 40 percent
return on investment if they’re will-
ing to take on high-risk properties.
“I want to invest with you at 30
percent,” Gamble said to Carner,
drawing a laugh from the crowd. She
suggested that most properties see a
return of 5.5 percent to 8.5 percent
these days.
Potential investors can dip a toe
into the commercial real estate
waters by forming a limited liability
corporation, something that’s possible to do online, said Marc Painter,
a partner at the Holland & Hart law
firm, based in Denver with offices in
Boulder. A real estate attorney can
help them with the finer points of
title review and other legal details,
Painter said.
14A
|
Dec. 6-19, 2013
Apartment construction booming in Broomfield
[email protected]
BOULDER – As things stand,
Broomfield has a mix of about 15,000
single-family homes and 8,000 multifamily residential units.
That dynamic will look a lot different when the city is finally done
growing.
“What we’re seeing at build-out
is something closer to 20,000 singlefamily and 18,000 multifamily,” said
Dave Shinneman, acting community
development director for the city and
county of Broomfield.
Shinneman was speaking as part
of the “Breaking Ground” panel at
the Boulder Valley Real Estate Conference & Forecast on Nov. 21 at the
University of Colorado-Boulder. He
was joined by officials from the cities
of Boulder, Longmont, Louisville and
Lafayette.
It’s not hard to imagine such a
drastic shift in Broomfield’s housing ratio when one looks at what is
going on with construction in the
city. Shinneman said the city issued
permits for 1,770 multifamily permits
in 2012 alone. This year is shaping
up to have about half that many, but
numbers presented by Shinneman
projected 2014 to climb again to the
JONATHAN CASTNER
Phillip Patterson, community development director for the city of Lafayette, talks about that city’s growth as part of the “Breaking Ground” panel at the Boulder Valley Real Estate Conference & Forecast on Nov. 21 at the University of Colorado-Boulder.
second most ever in the city behind
2012. Shinneman said such levels are
the highest in the Denver metro area.
Density seems to be a trend around
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Broomfield-scale plans in the works
for multifamily housing. But in the
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Dec. 6-19, 2013
Homes
Homes
Homes
66
PINNACLE
at UTE CREEK
25
LONGMONT
COUNTY LINE RD
Homes
119
N
42
COUNTY ROAD 8
MAP NOT
TO SCALE
ERIE
COMMONS
BASELINE RD
BOULDER
OVERLOOK at
STEEL RANCH
E-470
SUPERIOR
QUEBEC ST
MCCASLIN BLVD
LOUISVILLE
36
COALTON RD
CALMANTE
70
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DENVER
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PINNACLE
at UTE CREEK
25
25
LONGMONT
42
COUNTY ROAD 8
MAP NOT
TO SCALE
ERIE
COMMONS
BASELINE RD
BOULDER
OVERLOOK at
STEEL RANCH
E-470
SUPERIOR
COALTON RD
36
QUEBEC S
MCCASLIN BLVD
LOUISVILLE
STAPLETON
EMERALD DR
COUNTY LINE RD
119
CASTLE ROCK
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|
15A
16A
|
Dec. 6-19, 2013
Home-building revival under way across area
BY BETH POTTER
[email protected]
BOULDER — Builders are putting up new homes in 33 different
communities in the Boulder Valley – a
big change from just a few years ago,
according to Veronica Precella, chief
executive of the Boulder Area Realtor
Association.
She gave participants a sneak peek
at some of those home styles and
prices by interviewing developers
and builders in the “Home-Building
Revival” panel sponsored by Boulder
Creek Neighborhoods as part of the
Boulder Valley Real Estate Conference & Forecast held Nov. 21 at the
Stadium Club at the University of
Colorado-Boulder.
“Our home buyers are finding slim
inventories,” Precella said. “Now we’re
going to add 20,000 houses to the
market, and it will be a daunting task
because of the shortage of housing.”
Boulder Creek Neighborhoods –
including the Calmante neighborhood
planned in Superior, the neighborhood
of Pinnacle at Ute Creek in Longmont
and the Overlook neighborhood at Steel
Ranch in Louisville – is going great
guns, said Paul Gortzig, director of sales
at the Louisville-based company.
JONATHAN CASTNER
Paul Gortzig, director of sales at Louisville-based Boulder Creek Neighborhoods,
outlines plans for new homes in developments in southern Boulder County.
Boulder Creek Neighborhoods is
building homes for empty nesters
and early retirees after quickly selling 68 patio homes in the original
Steel Ranch neighborhood in 2012.
“Lifefullness” – a term the company
coined to describe living life to the
fullest rather than doing chores – is
the tagline for Boulder Creek Neighborhoods, Gortzig said.
Calmante neighborhood homes
are expected to sell in the “low 500s.”
Overlook town homes are expected
to sell for the “high 300s to the low
400s,” Gortzig said, without giving
details.
“We want to price (Calmante and
Overlook) in line with what the market is asking for,” Gortzig said.
Two recreation centers will be
draws for residents who buy Anthem
neighborhood homes in Broomfield,
said Carl Nelson, project director
at Wheelock Street Capital LLC,
which is based in Connecticut. The
private investment firm is developing the Anthem neighborhoods in
Broomfield near Colorado Highway 7
and Interstate 25 and the Provenance
neighborhood in northeast Longmont
near Colorado Highway 66 and Ute
Creek Golf Course.
Anthem Highlands homes ranging from 1,900 to 3,200 square feet
are expected to sell for $300,000 to
$550,000, said Robyn Asbury, director of sales at Richmond American, a
company working with Wheelock to
build the homes.
The Candelas neighborhood going
up in Arvada also will have its own
recreation center run by solar power,
Asbury said. The neighborhood near
Indiana Street and Colorado Highway
93 will feature 4,800-square-foot
homes with views of Standley Lake
and the Flatirons in the $600,000 to
$800,000 range, Asbury said.
Richmond is building other homes
near Clover Basin Drive on the west
side of Longmont in the 2,000- to
3,000-square foot range, Asbury
said. Those homes will be priced at
$400,000 and up, she said.
Realtors participate in 80 percent of Richmond’s new-home sales,
Asbury said.
Boulder County
Native
Dec. 6-19, 2013
|
17A
Uninsured still may have legal flood claim
BY BETH POTTER
[email protected]
BOULDER – If your home was
hit by flooding in September, you
probably have a legal argument for
an insurance claim, even if you don’t
have flood coverage, according to
attorney George Berg.
Boulder County was just one of
several areas along the Front Range
hit by flooding caused by torrential
rain that started Sept. 11 and lasted
for several days.
Berg’s legal tip and real estate tips
from others highlighted the “Disaster Lesson Plan: Floods, Fires and
Recovery” panel presented Nov. 21
as part of the Boulder Valley Real
Estate Conference & Forecast at the
Stadium Club at the University of
Colorado-Boulder. Berg is a partner
at the Boulder law firm Berg, Hill,
Greenleaf & Ruscitti LLP.
If water was diverted by “the hand
of man” some time before it damaged
your house, there’s probably a legal
insurance claim to be made, Berg said.
He said he is willing to take pro bono
cases to help residents struggling to
repair destroyed homes.
Mortgage companies are working
closely with appraisers, sellers and
JONATHAN CASTNER
George Berg, right, a partner at the Boulder law firm Berg, Hill, Greenleaf & Ruscitti
LLP, discusses the aftermath of September’s catastrophic flooding as Steve Altermat, a broker at Re/Max of Boulder, looks on.
buyers to make sure flood damage
and subsequent cleanup is documented correctly on property sales, said
Melanie Nygren, branch manager of
Premier Mortgage’s Boulder office.
Nygren suggested that a variety of
federal Small Business Administration loans are available to homeowners to help pay to fix flood damage,
ranging from $35,000 to $460,000.
Across the nation, homes involved
in natural disasters appreciated in
price about 15 percent in the year
after a disaster, compared with an
average 4.4 percent increase in appreciation for all other homes, said Steve
Altermat, an agent at Re/Max of
Boulder. In disaster areas, there was
a 22 percent increase in the number
of homes sold in the quarter after a
disaster, he said. Altermat said he
made his findings after compiling
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g row
extensive sales information from
communities affected by Hurricane
Sandy in 2012, Hurricane Katrina in
2005, the terrorist attacks of Sept.
11, 2001, and several flooding and fire
events around the nation.
Altermat said he had no details
to explain the statistics, but he used
them to suggest that Boulder County
residential real estate sales will continue to do well in coming months.
“We have a greater percent of our
listings getting sold. Appreciation in
Boulder ... we’re the highest we’ve
ever been,” Altermat said. “This
is very typical in a market after a
disaster. More homes sell and we see
appreciation.”
For county government officials, one
problem is figuring out who is responsible for cleanup and repair in areas
newly affected by flooding, said Mark
Chard, director of the Boulder Office of
Emergency Management. For example,
in Lyons, a new river channel was created during the flooding, Chard said.
If a home used to be 100 yards away
from the river and now is close enough
to the river where it can be eroded
away by water, Chard asked rhetorically
whether it’s the landowner’s problem, a
county problem, a federal problem or a
combination of all three.
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18A
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Dec. 6-19, 2013
Low inventory concerns residential Realtors
[email protected]
BOULDER — Third-quarter
absorption rates of for-sale housing
in the county are lower than they’ve
been at any point in the past two
decades, said D.B. Wilson of Re/Max
of Boulder.
Delivering a 2014 Boulder County
residential real estate forecast on Nov.
21 at the Boulder Valley Real Estate
Conference & Forecast at the University of Colorado-Boulder, Wilson
said he sees inventories getting even
tighter in 2014, keeping sellers happy.
“This spring is going to be even
tougher than last spring,” Wilson
said. “When you think of the number of multiple offer transactions
(that occurred last spring), I think
that’s what we’re going to see again.
... I think we’re going to have a strong
market but I think we’re going to be
fighting over the same listings.”
Wilson said the absorption rate
for a healthy and balanced market
is five to seven months of inventory
on the market. Currently, he said
Boulder County is at 3.2 months for
single-family homes and 1.9 months
for attached dwellings. He called the
condominium and town-home inventory “scary” low, with only 110 listings
in the county right now.
“I’ve never seen anything like it,”
Wilson said.
Wilson added that a still relatively
low number of single-family building
permits in recent years in the area
BOOMING
JONATHAN CASTNER
D.B. Wilson of Re/Max of Boulder tells the audience at the Boulder Valley Real Estate Conference & Forecast that the inventory
of condominiums and town homes in Boulder County is “scary” low.
will only contribute to the inventory
issues locally.
But if you’re selling, life is good.
Wilson said average and median
sales prices are up almost everywhere
in the county, with many communities seeing record highs. Boulder’s
median single-family home price
through the first three quarters of the
year is $642,000, while the average
price for the same period is $747,233.
On the commercial side of things,
Lynda Gibbons and Chris Boston
of Gibbons-White Inc. said occu-
pancy and lease rates will see slow and
steady climbs throughout the county,
with eastern portions of Boulder and
the rest of the county in general continuing to see improvements as rents
soar and vacancies evaporate in downtown Boulder.
“Overall we expect the market to
continue its improvement, remain
robust and make steady gains in
2014,” Boston said.
The projected strength in occupancy and rental rates in downtown
Boulder is in spite of new projects on
the way such as the major redevelopment of the former Daily Camera
building at 11th and Pearl streets,
which will break ground in early
2014.
Gibbons said occupancy rates
downtown have been rising steadily
since 2006 and are around 95 percent. But office isn’t the city’s only
strength. She projects that retail, flex
and industrial spaces in town all will
see improvements in 2014.
“We’re not projecting any big
slides in 2014 or 2015,” Gibbons said.
streets to the Golden Buff Lodge site
to 30th and Pearl to Baseline Zero in
south Boulder.
The 30th and Pearl area, in particular, is undergoing massive transformation. The Solana 3100 Pearl
luxury apartments are well under
way on the southeast corner. At the
southwest corner is the Pearl Place
development that will include a hotel
and hundreds of thousands of square
feet of office and retail space. To the
northeast is Boulder Junction, where
Depot Square is under way with a
hotel, apartments, retail and a bus
rapid transit station.
Driskell said development of the
western portion of the Boulder Junction area could be a few years out.
Pollard Motors’ lease runs through
2014 with an option to renew for two
more years on the city-owned land.
However, Driskell said staff would be
talking to city council next year about
the property and options related to it.
Driskell added that recent flooding
could give the civic area master plan
downtown a boost, given that improving flood safety in the area was one of
the impetuses for the plan.
“I think it will give momentum
to looking at implementation of the
plan,” Driskell said.
Longmont, too, will see impact from
the flood. Brad Power, director of economic development, said residential
development is coming back in a big
way, particularly in the northeast and
southwest parts of town, and downtown is getting renewed revitalization.
But Power said the city has suffered $130 million in damage to city
infrastructure. As a result, Longmont
has taken a bit of a “time out” from its
five-year capital improvement spending program.
“We’re shifting a lot of that back
into flood recovery so we can recover
more immediately so we don’t have
years and years and years of outstanding projects and things that need to be
fixed,” Power said.
In Louisville, economic development director Aaron DeJong said the
city will begin looking in earnest at a
small area plan for the Centennial Valley/McCaslin Boulevard area in spring
as it wraps up its small area plan for the
South Boulder Road corridor.
“There are always cycles to development and infrastructure,” DeJong
said, “and so we want to be ahead of
the game and proactive as far as what
is happening there.”
from 14A
vision for downtown Lafayette, density has become a focus – although not
necessarily easily.
“It was a struggle because the
downtown urban renewal authority
and the city zoning codes downtown
did not allow standalone multifamily,”
Patterson said.
If multifamily was part of a project downtown, it had to be part of a
mixed-use project with a cap of 60
percent residential. Patterson said
he’s worked with the city council
and urban renewal authority to allow
for some standalone multifamily and
mixed-use projects that are as much
as 95 percent residential.
The residents to fill all of the apartments come from a variety of places,
but mostly from outside communities, Patterson said. In Broomfield,
Shinneman said the Arista area along
U.S. Highway 36 accounts for much
of the apartment growth because of
easy access for commuters to Boulder
and Denver.
Boulder has its own fair share of
apartment projects that have popped
up recently, but the bulk of a talk by
David Driskell, executive director of
community planning and sustainability, was about all of the commercial
JONATHAN CASTNER
Brad Power, director of economic
development for the city of Longmont,
said residential development is coming
back in a big way, particularly in the
northeast and southwest parts of the
city, and downtown is getting renewed
revitalization.
and mixed-use projects going on. It
seems a major project is sprouting on
every major street and intersection
in Boulder, from the former Daily
Camera building at 11th and Pearl
Dec. 6-19, 2013
|
19A
5,000 engaged in Boulder civic center vision
BY DOUG STORUM
ability for the city of Boulder, said the
city staff is excited about the prospects
of the plan. “We need it to be family
friendly, with multiuse facilities available all hours of the day,” he said.
The east end could include a Hyatt
Andaz hotel, farmers’ market, event
space and public plaza. The west end
might consist of a municipal building,
library café, arts performance space
and parking.
Jason Elliott, a member of the
Tatonka Development Partnership
that came up with a plan for the area
called the Boulder International Center, said his team’s research indicated
a need for a conference center and
another hotel. Currently, there are
two hotels downtown, The St Julien
Hotel and Spa and Hotel Boulderado.
He said they both run at 80 percent
occupancy. With a conference center,
demand for rooms would increase.
Steve Thweatt, assistant vice chancellor for facilities management at the
University of Colorado-Boulder, gave
a rundown of about 15 construction
projects under way on the five campuses in Boulder. The projects include
renovations to existing classroom
buildings, housing and utilities. They
represent more than $200 million in
construction costs.
[email protected]
BOULDER – A 27-acre tract in
downtown Boulder, mostly owned by
the city, is up for an overhaul – and
it was the main topic of discussion
among “Visionary Ventures” panelists
Nov. 21 at the Boulder Valley Real
Estate Conference & Forecast.
More than 5,000 people were
engaged in the yearlong process of
sharing ideas to create a vision for what
the Boulder Civic Area could be. Earlier this year the Boulder City Council
OK’d the area’s master plan.
The area – bounded by 13th and
17th streets, Canyon Boulevard and
Arapahoe Avenue – is home to municipal buildings, the Boulder Farmers’
Market and two historical-landmark
buildings, The Boulder Museum of
Contemporary Art and the Dushanbe
Teahouse. It also loosely continues
east to Ninth Street, where there is
privately owned property.
Boulder senior urban designer
Sam Asseffa said the vision for the
area consists of a park at the core.
It would preserve the arts museum
and teahouse. It could include a multipurpose municipal building, performing arts center and a conference
center. He mentioned Millennium
JONATHAN CASTNER
City of Boulder senior urban designer Sam Asseffa describes the concept for the Boulder Civic Area on Nov. 21 at the Boulder Valley Real Estate Conference & Forecast.
Park in Chicago as an example of
how a civic area can provide a heart
for a city and also have a positive
economic impact.
Because 15 acres of the site are in
a flood plain, safety was a paramount
consideration in creating the vision,
Asseffa said.
David Driskell, executive director
of community planning and sustain-
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20A
|
Dec. 6-19, 2013
FOR THE RECORD
Bankruptcies
Applications for bankruptcy
protection are filed with the
U.S. Bankruptcy Court in
Denver. Chapter 7 denotes
filings made for liquidation.
Chapter 11 indicates filings
for reorganization. Chapter 13 indicates filings that
enable petitioners to pay off
their creditors over three to
five years.
Foreclosures
Includes notices of election
and demand filed by creditors alleging default on a
debt. Foreclosures are not
final until a Public Trustee’s
Deed has been issued.
State Tax Liens
Judgments filed against
assets of individuals or
businesses with delinquent
taxes.
Judgments
Judgments constitute decisions by a court of law
against an individual or
corporation for payment of
monetary damages.
Warranty Deeds
Transfers property while
guaranteeing a clear title
free of any encumbrances
that are not listed on the
deed.
Source: SKLD Information Services
BANKRUPTCIES
Boulder County
Chapter 7
MONT; CASE #2013-29015, DATE
FILED: 11/15/2013
Chapter 13
MARGARET ANN PETERSON,
202 SKYLARK CIRCLE, BOULDER;
CASE #2013-28458, DATE FILED:
11/6/2013
ALEANA CAROLYN DOGGETT,
2552 WEDGEWOOD AVENUE,
LONGMONT; CASE #2013-28616,
DATE FILED: 11/8/2013
BONNI SUE RADERMAN, PO BOX
64, JAMESTOWN; CASE #201328470, DATE FILED: 11/6/2013
KAREN LYNN MAAS, 1510 CRESTWOOD CIRCLE, LONGMONT;
11/9/2013
LESTER LEE NEWLAND, 5000
BUTTE #90, BOULDER; CASE
#2013-28472, DATE FILED:
11/6/2013
GERARDO LEONEL SIFUENTES,
826 ATWOOD ST, LONGMONT;
11/8/2013
ANDREA ECKHARDT, 11115
DOBBINS RUN, LAFAYETTE;
11/8/2013
CAROL CLAVIEN, 510 EAST
SIMPSON STREET, LAFAYETTE;
11/9/2013
APRIL MARIE FLETCHER, 2727
NELSON ROAD, LONGMONT;
11/12/2013
MIGUEL E GURROLA PUENTES,
122 SAINT CLAIR, LONGMONT;
11/12/2013
Broomfield County
Chapter 7
BENJAMIN JOSEPH III BOPP, 3245
W 135TH AVENUE, BROOMFIELD;
11/6/2013
RIAN CLARE SOUTHWORTH,
11011 WEST 107TH PLACE,
BROOMFIELD; CASE #2013-28668,
DATE FILED: 11/9/2013
TERRY ORLOWSKI, 7402 CHURCH
RANCH BLVD, BROOMFIELD;
11/12/2013
CARMEL SCHIFF, 1040 EAST
10TH AVENUE, BROOMFIELD;
11/13/2013
ANDREW LELAND ANDERSON,
6431 W 108TH AVE, BROOMFIELD;
11/14/2013
Chapter 13
FRANK THEODORE CALVO, 599
LONDON AVENUE, LAFAYETTE;
11/12/2013
ROSS E WINTER, 12527 DALE
COURT, BROOMFIELD; CASE
#2013-28652, DATE FILED:
11/8/2013
GREGORY JOHN JACKA, 4475
BROADWAY, BOULDER; CASE
#2013-28770, DATE FILED:
11/12/2013
FORECLOSURES
ANTHONY MATEO SOTO, 1095
ATLANTIS AVENUE, LAFAYETTE;
11/12/2013
KEDRICK RENYA MCDUFFIE, 2855
ROCK CREEK CIRCLE, LOUISVILLE;
11/13/2013
JAMES WALTER LOW, 1997
LODGEPOLE DR, ERIE; CASE
#2013-28846, DATE FILED:
11/13/2013
ELLORA CHRISTINE CURTIS,
1464 LASHLEY, LONGMONT;
11/13/2013
KENNETH J BRAY, 730 HALLMARK
LN, LONGMONT; CASE #201328890, DATE FILED: 11/14/2013
JAMES BENHART ADSON,
4660 TALBOT DRIVE, BOULDER;
11/14/2013
MATTHEW D WEIMER, 8165 DRY
CREEK CIRCLE, LONGMONT;
11/14/2013
JULIAN ALFREDO MARTINEZ,
3800 PIKE RD #4101, LONGMONT;
11/15/2013
JULIETTE L STRAUSS, PO BOX
18538, BOULDER; CASE #201328952, DATE FILED: 11/15/2013
JOHN FLETCHER JR STILES, 860
WEST BASELINE ROAD, LAFAYETTE; CASE #2013-28995, DATE
FILED: 11/15/2013
Boulder County
BORROWER: RICHARD DUVAL
ORR, 2712 15TH AVE, LONGMONT.
LENDER: NATIONSTAR MORTGAGE
LLC, AMOUNT DUE: $204771. CASE
#3350591. 11/1/2013
BORROWER: MICHAEL METCALF,
395 E ROGERS RD, LONGMONT.
LENDER: WILLIAM G JAMES,
AMOUNT DUE: $37852. CASE
#3351081. 11/5/2013
BORROWER: JAMES B & HEIDI G
TEEGARDEN, 1459 WHITE HAWK
RANCH DR, BOULDER. LENDER:
MILE HIGH BANKS, AMOUNT
DUE: $1786000. CASE #3351082.
11/5/2013
BORROWER: ANDREW ROBERT
& SCOTT LESLIE MCMULLIN, 731
SUMNER ST, LONGMONT. LENDER:
NATIONSTAR MORTGAGE LLC,
#3351083. 11/5/2013
BORROWER: DORIS ROSS, 5058
BUCKINGHAM RD, BOULDER.
LENDER: EVERBANK, AMOUNT
DUE: $180545. CASE #3351305.
11/6/2013
BORROWER: HOLLY MATTHEWS,
5045 NIWOT RD, LONGMONT.
LENDER: WELLS FARGO BANK,
#3351485. 11/7/2013
Broomfield County
BORROWER: TOMMY R & SHERI
L CHAPMAN, 4704 CAPITOL CT,
BROOMFIELD. LENDER: NATIONSTAR MORTGAGE LLC, AMOUNT
DUE: $386641. CASE #15502.
11/5/2013
GUY RUSSELL GREENSTEIN, 2855
ROCK CREEK CIRCLE #316, SUPERIOR; CASE #2013-29010, DATE
FILED: 11/15/2013
BORROWER: RUBEN K
YOKOMIZO, 3381 BRIARWOOD DR,
BROOMFIELD. LENDER: NATIONSTAR MORTGAGE LLC, AMOUNT
DUE: $198851. CASE #15503.
11/5/2013
JACOB WALTER JUNGHO HEILVEIL, 40 FRONTIER PLACE, LONG-
BORROWER: SCOTT A & LISA
SCHLICHTING, 375 BERYL ST,
BROOMFIELD. LENDER: CITIMORTGAGE INC, AMOUNT DUE: $157190.
CASE #15511. 11/5/2013
BORROWER: DOUGLAS H RAYMOND, 136 CORAL WAY, BROOMFIELD. LENDER: WELLS FARGO
BANK, AMOUNT DUE: $157037.
CASE #15640. 11/7/2013
BORROWER: JOSEPH A &
HEATHER D ROTH, 13643 WINDOM LN, BROOMFIELD. LENDER:
HORIZONS NORTH CREDIT UNION,
#15673. 11/8/2013
BORROWER: JORGE & PATRICIA
RUIZ, 2690 RIDGE DR, BROOMFIELD. LENDER: JPMORGAN
CHASE BANK NATIONAL A,
#15883. 11/14/2013
BORROWER: MARIO F & TAMARA
S HORTA, 244 POWDERHORN TRL,
BROOMFIELD. LENDER: RAYMOND
JAMES BANK, AMOUNT DUE:
$366461. CASE #15884. 11/14/2013
JUDGMENTS
Boulder County
DEBTOR: CAROL ANN BRAXTON,
CREDITOR: WILLIAM B MARCUS.
AMOUNT: $579400.84. CASE
#D-2011CV892. DATE: 11/8/2013
DEBTOR: R J WELCH, CREDITOR:
AMTERRE PINE II LLC. AMOUNT:
$0.0. CASE #D-2013CV30157. DATE:
11/8/2013
DEBTOR: R J WELCH, CREDITOR:
AMTERRE PINE II LLC. AMOUNT:
$0.0. CASE #2013CV30157. DATE:
11/8/2013
DEBTOR: MARY K BUKSZAR,
CREDITOR: CURT BOOK. AMOUNT:
$18002.66. CASE #D-12CV-030126.
DATE: 11/1/2013
DEBTOR: COLBY J KARNIK,
CREDITOR: ST VRAIN VALLEY CREDIT UNION. AMOUNT:
$8622.31. CASE #C-06C-001628.
DATE: 11/1/2013
DEBTOR: THOMAS HAUCK,
CREDITOR: MICHAEL IWANICKI.
#D-12CV000792. DATE: 11/1/2013
DEBTOR: GLORIA & ALFREDO
AYALA, CREDITOR: PUBLIC SERVICE CREDIT UNION. AMOUNT:
$4439.22. CASE #C-13C-033462.
DATE: 11/2/2013
DEBTOR: WINTER BROTHERS
INC, CREDITOR: PRO COAT SYSTEMS INC. AMOUNT: $14462.12.
CASE #C-2013C50435. DATE:
11/2/2013
DEBTOR: MEREDITH N
GINDI, CREDITOR: BK WEST.
#D-09CV-000898. DATE: 11/5/2013
DEBTOR: MARIA S MOLINA,
CREDITOR: PROFESSIONAL FIN
CO INC. AMOUNT: $2558.53. CASE
#. DATE: 11/5/2013
DEBTOR: KATHY L ROSSER,
CREDITOR: LAF LSVL DOWNTOWN
REVITALIZATI. AMOUNT: $31919.94.
CASE #D-13CV-031146. DATE:
11/5/2013
DEBTOR: JOHN A GARCIA, CREDITOR: BC SERVICES INC. AMOUNT:
$646.07. CASE #C-13C-031000.
DATE: 11/7/2013
DEBTOR: JASON JARVIS, CREDITOR: JASON HUTKAY. AMOUNT:
$7595.25. CASE #C-13S-00022.
DATE: 11/7/2013
DEBTOR: CARRIE A GOLDEN,
CREDITOR: BOULDER VALLEY CREDIT UNION. AMOUNT:
$3761.23. CASE #C-13C-030998.
DATE: 11/7/2013
DEBTOR: CARRIE L SPYRA,
CREDITOR: BC SERVICE INC.
AMOUNT: $5269.42. CASE #C-12C00630. DATE: 11/2/2013
DEBTOR: ELIZABETH ATKINSON, CREDITOR: CITIFINANCIAL
AUTO LTD DEN REG. AMOUNT:
$10800.72. CASE #C-09C-000521.
DATE: 11/5/2013
ELLIOTT B HIGGINS PC, $0.0,
CASE #3350809, 11/2/2013
FLATIRONS CLEANING LLC,
$1905.18, CASE #3351863,
11/8/2013
INNOVISION PROFESSIONAL
MEDIA, $452.25, CASE #3351296,
11/6/2013
DEBTOR: THOMAS CHRISTIAN
NORTH, CREDITOR: DIANE YALEY
NORTH. AMOUNT: $93590.05. CASE
#D-1998DR428. DATE: 11/6/2013
KARMACEUTICALS SKIN CARE,
$3203.0, CASE #3350766, 11/1/2013
Broomfield County
MT AMA BABLAM INC, $1213.0,
CASE #3350767, 11/1/2013
DEBTOR: LAURIE J MAJEWSKI,
CREDITOR: BC SERVICES INC.
DEBTOR: WINTER BROS INC,
CREDITOR: PRO COAT SYSTEMS
INC. AMOUNT: $15469.0. CASE
#C-2013C50435. DATE: 11/5/2013
MOUNT HIGH APPLIANCE,
$2967.2, CASE #3351459, 11/6/2013
NEW CENTURY TAX LLC,
$3870.98, CASE #3351295,
11/6/2013
PRIMORIS ENERGY SOLUTIONS
INC, $4246.78, CASE #3351292,
11/6/2013
DEBTOR: LARRY PUGEL, CREDITOR: KAREN D BENSON. AMOUNT:
$20947.05. CASE #D-02PR-000466.
DATE: 11/13/2013
RLS CONSTR LLC, $525.94, CASE
#3351290, 11/6/2013
DEBTOR: JONATHAN ALAN BERLIN, CREDITOR: CAVALRY INVEST
LLC. AMOUNT: $26569.45. CASE
#D-13CV-030147. DATE: 11/13/2013
UMPQUA FEATHER MERCHANTS
LLC, $1760.04, CASE #3351758,
11/7/2013
DEBTOR: DARREN G CASTINE,
CREDITOR: CAPITAL ONE BK.
Broomfield County
DEBTOR: JAIME L DRAKE,
CREDITOR: CAPITAL ONE BK USA.
DEBTOR: CYNTHIA M CARLEY,
CREDITOR: CAVALRY SPV I LLC.
DEBTOR: MARIA HERNANDES,
CREDITOR: CAVALRY SPV I LLC.
DEBTOR: ANNE WEBER, CREDITOR: BONDED BUSINESS SERVICES LTD. AMOUNT: $1382.11. CASE
#C-13C-030900. DATE: 11/13/2013
DEBTOR: TOMA LAGOS, CREDITOR: BC SERVICES INC. AMOUNT:
$1051.81. CASE #C-13C-031177.
DATE: 11/14/2013
DEBTOR: JENISE A & JOHN H
STURKEN, CREDITOR: AM FAMILY MUTUAL INS CO. AMOUNT:
$5045.33. CASE #C-13C-030620.
DATE: 11/14/2013
DEBTOR: STEPHEN M HARDESTY,
CREDITOR: AM FAMILY MUTUAL
INS CO. AMOUNT: $16404.74. CASE
#C-13C-031001. DATE: 11/14/2013
DEBTOR: GARY GOOGINS, CREDITOR: EQUITY RESIDENTIAL MANAGEMENT. AMOUNT: $0.0. CASE
#D-10CV6744. DATE: 11/13/2013
DEBTOR: WDC HOLDINGS
LLC, CREDITOR: WOODRIDGE
CAPITAL PARTNERS LLC.
#D-13CV-030708. DATE: 11/13/2013
RELEASE
OF JUDGMENT
Boulder County
DEBTOR: JA WALKER CO INC,
CREDITOR: KEYBANK. AMOUNT:
$0.0. CASE #. DATE: 11/5/2013
DEBTOR: AMANDA J GLENN,
CREDITOR: ELEVATIONS CREDIT
UNION. AMOUNT: $0.0. CASE
#2009C1583. DATE: 11/5/2013
Broomfield County
DEBTOR: JA WALKER CO INC,
CREDITOR: KEYBANK. AMOUNT:
$0.0. CASE #. DATE: 11/5/2013
STATE TAX LIENS
Boulder County
ANANDA INC, $4481.88, CASE
#3351862, 11/8/2013
BAGS INC, $1082.59, CASE
#3350527, 10/31/2013
COLO CARE INC, $1384.0, CASE
#3350765, 11/1/2013
COLO IN BASKET BOULDER,
$1205.0, CASE #3350764, 11/1/2013
CUSTOM SOLAR LLC, $373.88,
CASE #3350528, 10/31/2013
DURANS HOBBY ACRES INC,
$8046.72, CASE #3350529,
10/31/2013
SUSHI ZANMAI INC, $2089.45,
CASE #3351291, 11/6/2013
WHOLE GRAINS BOULDER INC,
$3580.4, CASE #3351458, 11/6/2013
REQUEST CARPET SERVICES
CORP, $5640.84, CASE #15510,
11/5/2013
SCOTT FIRE SECURITY LLC,
$460.46, CASE #15522, 11/5/2013
STREET LEGAL PIZZA, $1061.0,
CASE #15425, 11/2/2013
RELEASE
OF STATE TAX LIENS
Boulder County
AARONS AUCTIONS INC,
$3996.82, CASE #3351456,
11/6/2013
AARONS AUCTIONS INC, $0.0,
CASE #3350531, 10/31/2013
AQUA BRIGHT CLEANERS INC,
$0.0, CASE #3350530, 10/31/2013
ELAINE RAMONABRIZUELA, $0.0,
CASE #3350458, 10/31/2013
ELAINE RAMONABRIZUELA, $0.0,
CASE #3350459, 10/31/2013
ROSA ELVACHAVEZ, $3666.09,
CASE #3351457, 11/6/2013
HIGH QUALITY WEB SERVICES
INC, $506.96, CASE #3351864,
11/8/2013
JON M ERICKSON MD PC,
$4650.83, CASE #3351294,
11/6/2013
RESOURCE MEDIA, $2263.18,
CASE #3351293, 11/6/2013
HARTMUT & RIA ESPETZLER,
$0.0, CASE #3351811, 11/8/2013
Broomfield County
PROSPECT MARKETING GROUP
INC, $4884.77, CASE #15641,
11/7/2013
JACK CTANNER, $0.0, CASE
#15494, 11/5/2013
WARRANTY DEEDS
Boulder County
Seller: ROBERT A & ANNA M LIBERATORE
Buyer, Buyer’s Address: CHRISTOPHER A & DONNA T LEE, 2659
BEECH CIR
Address: 2014 YEAGER DR, LONGMONT
Price: $215000
Date Closed: 11/5/2013
Seller: MATTHEW J DOLAN
Buyer, Buyer’s Address: NICOLE
& MARK J RINGELMANN, 83107
PAWNEE LN
Address: 818 S TERRY ST APT 2,
LONGMONT
Price: $186000
Seller: R CRAIG REESE
Buyer, Buyer’s Address: REBECCA
E & LUCAS A LOVELL, 1485 MAYFIELD CIR
Address: 1485 MAYFIELD CIR,
LONGMONT
Price: $258500
Seller: SCOTT W HUBER
Buyer, Buyer’s Address: BETH A
PARSONS, 721 FRANCIS ST
Address: 721 FRANCIS ST, LONGMONT
Price: $285000
Seller: TY M & JAMES F MILLER
Buyer, Buyer’s Address: PRISCILLA
MURPHY, 4845 OLD POST CIR
Address: 4845 OLD POST CIR,
BOULDER
Price: $371500
Seller: MERITAGE HOMES COLORADO INC
Buyer, Buyer’s Address: ZACHARIAH S & ROBYN L YODER, 610
SMOKY HILLS LN
Address: 610 SMOKY HILLS LN,
ERIE
Price: $509500
Seller: I ROLAND MARY E GOLDBERG FAMIL
Buyer, Buyer’s Address: BRIAN
T & SARAH R GOLDBERG, 2275
SCHOONER ST
Address: 2275 SCHOONER ST,
LAFAYETTE
Price: $548500
Seller: MCCOY LIVING REVOCABLE
TRUST
Buyer, Buyer’s Address: LEO J &
DANIELLE THERESE PATNODE, 434
BLUE LAKE TRL
Address: 434 BLUE LAKE TRL,
LAFAYETTE
Price: $485000
Seller: PATRICK DILLOW
Buyer, Buyer’s Address: STEVEN P
HEBERT, 81 GARFIELD PL # 1
Address: 2479 TULIP ST, LONGMONT
Price: $220500
Seller: GEORGE O JR BAUGH
Buyer, Buyer’s Address: KATHERINE & SHANE BULLOCK, 2118
JUDSON ST
Address: 2118 JUDSON ST, LONGMONT
Price: $233000
Seller: BRADFORD P & SHELLIE
A FUNK
Buyer, Buyer’s Address: MICHAEL
EDWARD & ELIZABETH ANN KETTERER, 2110 SAND DOLLAR CIR
Address: 2110 SAND DOLLAR CIR,
LONGMONT
Price: $475000
Seller: AMY L POWELL
Buyer, Buyer’s Address: AMY C
RUSSELL, 715 TEAL CIR
Address: 2721 VILLANOVA CT,
LONGMONT
Price: $365000
Seller: RUTH ILENE GUNZENHAUSER
Buyer, Buyer’s Address: DONALD &
MARIETTA CHAPMAN, 11818 BILLINGS AVE
Address: 6927 TOTARA PL, NIWOT
Price: $201000
Seller: DAVID J & LISA M BARBERIS
Buyer, Buyer’s Address: MICHAEL
A & STEPHANIE SMEENK, 486
WHITETAIL CIR
Address: 486 WHITETAIL CIR,
LAFAYETTE
Price: $434900
Seller: KATHARINE BARTKO
Buyer, Buyer’s Address: PAUL J
DAUGHERTY, 5012 BUCKINGHAM
RD
Address: 5012 BUCKINGHAM RD,
BOULDER
Price: $237000
Seller: MICHAEL S & EMILY A
WILSON
Buyer, Buyer’s Address: JASON &
KELSIE EARLEY, 762 PEAR CT
Address: 762 PEAR CT, LOUISVILLE
Price: $455000
Seller: WILLIAM D WALTERS
Buyer, Buyer’s Address: JANE &
DONALD MICHAEL SANDERS, 369
WHISPERING PNES
Address: 4053 SUNSHINE CANYON
DR, BOULDER
Price: $425000
Seller: KATHERINE GANEV
Dec. 6-19, 2013
|
21A
FOR THE RECORD
Buyer, Buyer’s Address: JONATHAN HEIST, 1922 OXFORD LN
Address: 1922 OXFORD LN, SUPERIOR
Price: $189900
Seller: PETER R & LAURA P
WOLTON
Buyer, Buyer’s Address: CAROL
A WESSMAN, 2938 KALMIA AVE
APT 23
Address: 2938 KALMIA AVE APT 23,
BOULDER
Price: $370000
Seller: SUSAN FRANK
Buyer, Buyer’s Address: ALBERT
R & TERESA J HUCK, 278 CASPER
DR
Address: 278 CASPER DR, LAFAYETTE
Price: $293500
Seller: DAVID L ROTER TRUST
Buyer, Buyer’s Address: LOUIS R &
JAN KARP, MULT PROP
Address: MULT PROP,
Price: $560000
Seller: BRUCE A & DALE E BLEW
Buyer, Buyer’s Address: DENNIS
A & VICKI L LOGAN, 1728 SPENCER ST
Address: 1728 SPENCER ST,
LONGMONT
Price: $252000
Seller: MARK E & STACY M ANDERSON
Buyer, Buyer’s Address: CHRISTOPHER M CALDWELL, 1832 ELDORADO DR
Address: 1832 ELDORADO DR,
SUPERIOR
Price: $483000
Seller: KYLE SUZANNE
MCDONOUGH
Buyer, Buyer’s Address: MATTHEW
T REDDY, 203 BASS CIR
Address: 203 BASS CIR, LAFAYETTE
Price: $248000
Seller: ARTHUR & PENELOPE ROSE
Buyer, Buyer’s Address: JEFFREY
V LUTKUS, 2880 SUNDOWN LN
APT 301
Address: 2880 SUNDOWN LN APT
301, BOULDER
Price: $275000
Seller: MARGARET P GERBORE
Buyer, Buyer’s Address: JERRY W
TURNER, 5339 IDYLWILD TRL
Address: 5339 IDYLWILD TRL,
BOULDER
Price: $527000
Seller: NANCY C & KENNETH R
BAKER
Buyer, Buyer’s Address: JONATHAN RUBINSTIEN, 9718 SUGARLOAF RD
Address: 9718 SUGARLOAF RD,
BOULDER
Price: $431000
Seller: JENNIFER L DITTENHOFER
Buyer, Buyer’s Address: CHRISTINE LARSCHEIDJONES, 1414
ORCHID CT
Address: 1414 ORCHID CT, LAFAYETTE
Price: $317000
Seller: ARGYRES LIVING TRUST
Buyer, Buyer’s Address: FRANK
HERMAN & LINDA RAISIN ROBISON, 2043 BUCHANAN PT
Address: 2043 BUCHANAN PT,
LAFAYETTE
Price: $1145000
Seller: PEGGY & CHARLES
CALDWELL
Buyer, Buyer’s Address: MARIA
SOLEDAD MINGOORDONEZ, 525
MILLS ST
Address: 5540 STONEWALL PL APT
12, BOULDER
Price: $146500
Seller: TODD M CORNWELL
Buyer, Buyer’s Address: DAVID
P & MARILYN L TERZIAN, 9300
SPRINKLEWOOD LN
Address: 1001 LARAMIE BLVD UNIT
H, BOULDER
Price: $271300
Seller: PING & SHOU NUNG
HWANG
Buyer, Buyer’s Address: TODD
KINZLE, 9440 CRYSTAL LN
Address: 328 21ST AVE, LONGMONT
Price: $322000
Seller: SHOU NUNG & PING
HWANG
Price: $322000
Seller: SHOU NUNG & PING
HWANG
Price: $322000
Seller: BRANDON & DENNIS
PEARCE
Buyer, Buyer’s Address: RACHEL
& STEPHEN DOWNEY, 2235 EDGEWOOD DR
Address: 2235 EDGEWOOD DR,
BOULDER
Price: $390000
Seller: BRADLEY H MCKINLEY
Buyer, Buyer’s Address: ALLEN
STENGER, 2892 95TH ST
Address: 2892 95TH ST, BOULDER
Price: $1022000
Seller: DARRELL R ROBERTSON
Buyer, Buyer’s Address: KATHERINE ELLEN & CHAD EVAN WILLIS,
908 CLOVER CIR
Address: 908 CLOVER CIR, LAFAYETTE
Price: $282400
Seller: MICHAEL J & RUTH B NEWBERGER
Buyer, Buyer’s Address: EMILY &
JARRET GREENBERG, 1405 BELLEVUE DR
Address: 2995 AURORA AVE,
BOULDER
Price: $792900
Seller: RONALD R DIEDERICHSEN
Buyer, Buyer’s Address: MARY T &
RODNEY L MORPHEW, 4270 CORRIENTE PL # C 1
Address: 4270 CORRIENTE PL # C
1, BOULDER
Price: $310000
Seller: MICHAEL G & MARTHA H
WILLIAMS
Buyer, Buyer’s Address: LISA H
& ROBERT K BESHORE, 1628
STONES PEAK DR
Address: 1628 STONES PEAK DR,
LONGMONT
Price: $560000
Seller: HENRY WALKER CONSTRUCTION LLC
Buyer, Buyer’s Address: RUSSELL
POULIN, 1525 GRANT DR
Address: 1525 GRANT DR, LONGMONT
Price: $353600
Seller: MERITAGE HOMES COLORADO INC
Buyer, Buyer’s Address: JOSHUA
E & AMANDA L WHITE, 696 FOSSIL
BED CIR
Address: 696 FOSSIL BED CIR,
ERIE
Price: $403500
Seller: MARKEL HOMES CONSTRUCTION CO
Buyer, Buyer’s Address: TONY M
& KATHLEEN BRADY FLIPPO, 2128
HECLA DR #E
Address: 2128 HECLA DR #E,
LOUISVILLE
Price: $435600
Seller: PATRICIA A & J BRUCE
JOURNEAY
Buyer, Buyer’s Address: RICHARD
F & EDNA JOEY DEAN, 420 STICKNEY ST
Address: 420 STICKNEY ST, LYONS
Price: $475000
Broomfield County
Seller: PARKWAY CIRCLE BROOMFIELD LLC
Buyer, Buyer’s Address: SANDRA
RUSH, 13598 VIA VARRA APT 417
Address: 13598 VIA VARRA APT
417, BROOMFIELD
Price: $177400
Buyer, Buyer’s Address: MOLLY
JENSON, 13598 VIA VARRA APT 123
123, BROOMFIELD
Price: $156300
Seller: DANIEL P & KAREN K CLARK
Buyer, Buyer’s Address: WILLIAM
PATRICK & TERESE E TENNYSON,
12544 UTICA ST
Address: 12544 UTICA ST, BROOMFIELD
Price: $405000
Seller: SCOTT A & SARAH M SANDERS
Buyer, Buyer’s Address: JAFFA S W
& JENNIFER S ROSENFELS, 1208
FERN CIR
Address: 1208 FERN CIR, BROOMFIELD
Price: $274700
Seller: JASE T & JENIFER K SMITH
Buyer, Buyer’s Address: JASON
GOODE, 1203 17TH AVE
Address: 12579 TAMMYWOOD ST,
BROOMFIELD
Price: $266000
Seller: PULTE HOME CORP
Buyer, Buyer’s Address: JEAN R
RICHARDS, 15990 REDCLOUD WAY
Address: 15990 REDCLOUD WAY,
BROOMFIELD
Price: $439100
Buyer, Buyer’s Address: BENNETT
S & DEBRA L MILLER, 15980 REDCLOUD WAY
BROOMFIELD
Price: $404200
Seller: JOHN T & CYNTHIA J SMITH
Buyer, Buyer’s Address: RYAN
CANDAGE, 13522 CASCADE ST
Address: 13522 CASCADE ST,
BROOMFIELD
Price: $365000
Seller: HELEN C WOLFE
Buyer, Buyer’s Address: JOHN III
MCGOWAN, 869 LILAC ST
Address: 869 LILAC ST, BROOMFIELD
Price: $258000
Seller: KB HOME COLORADO INC
Buyer, Buyer’s Address: BASANTA
LAMSAL, 8493 REDPOINT WAY
Address: 8493 REDPOINT WAY,
BROOMFIELD
Price: $297400
Buyer, Buyer’s Address: PETER J
& KATHY Z LAIRD, 8485 REDPOINT
WAY
Address: 8485 REDPOINT WAY,
BROOMFIELD
Price: $295800
Buyer, Buyer’s Address: MITCHELL
SCOTT DUSINA, 11346 DESTINATION DR
Address: 11346 DESTINATION DR,
BROOMFIELD
Price: $312800
Seller: JEREMY S & TONYA P SING
Buyer, Buyer’s Address: CHARLES
ALAN & CARLY W REILEY, 14641
PRAIRIE SKY LN
Address: 14641 PRAIRIE SKY LN,
BROOMFIELD
Price: $650000
Buyer, Buyer’s Address: ALAN M &
LISA H IGUCHI, 4558 HOPE CIR
Address: 4558 HOPE CIR, BROOMFIELD
Price: $456700
Buyer, Buyer’s Address: ARNOLD
BROOMFIELD
Price: $465000
303, BROOMFIELD
Price: $240700
Buyer, Buyer’s Address: ARLENE
R RUDDUCK, 13598 VIA VARRA
APT 406
406, BROOMFIELD
Price: $240700
Seller: ROBERT R WRIGHT LIVING
TRUST
Buyer, Buyer’s Address: DAVID J
& LISA M BARBERIS, 5040 ASPEN
CREEK DR
Address: 5040 ASPEN CREEK DR,
BROOMFIELD
Price: $528000
Seller: JOSEPH DESANTIS
Buyer, Buyer’s Address: JOHN &
NANCY FERRARO, 13729 STONE
CIR UNIT 101
Address: 13729 STONE CIR UNIT
101, BROOMFIELD
Price: $298000
Seller: MARLAN E & ERIC B
MULLER
Buyer, Buyer’s Address: ROBERT
J & CAROLYN TOLOCZKO, 14371
WATERSIDE LN
Address: 14371 WATERSIDE LN,
BROOMFIELD
Price: $480000
Buyer, Buyer’s Address: STINGEL
FAMILY IRREVOCABLE TRU, 15965
REDCLOUD WAY
BROOMFIELD
Price: $399300
Buyer, Buyer’s Address: NANCY
KERVER, 13598 VIA VARRA APT 421
421, BROOMFIELD
Price: $197200
Seller: KENT T & SHERYL L ADDY
Buyer, Buyer’s Address: ZACHARY
D & DANICA R NELSON, 13735
TEAL CREEK CT
Address: 13735 TEAL CREEK CT,
BROOMFIELD
Price: $510000
Buyer, Buyer’s Address: ANDREW
W BARRON, 13598 VIA VARRA
APT 419
419, BROOMFIELD
Price: $204800
Seller: MELISSA J RICHTER
Buyer, Buyer’s Address: YONG
ZHANG, 4440 CRESTONE CIR
Address: 12248 ELKEN CT,
BROOMFIELD
Price: $236000
H & MARCIA P SOROCKI, 15985
REDCLOUD WAY
BROOMFIELD
Price: $418100
Buyer, Buyer’s Address: CATHY
BITTLER, 4280 CRYSTAL DR
Address: 4280 CRYSTAL DR,
BROOMFIELD
Price: $462500
Seller: TOLL CO 1 LLC
Buyer, Buyer’s Address: SRINIVAS
BABU TUMMALAPENTA, 1855
TIVERTON AVE
Address: 1855 TIVERTON AVE,
BROOMFIELD
Price: $740500
Seller: KLEBOLD CONSULTING
GROUP INC
Buyer, Buyer’s Address: BPC
HOLDINGS LLC, 2502 W 1136TH
AVE #108
Address: 3301 W 144TH AVE UNIT
205, BROOMFIELD
Price: $250000
Seller: KAREN PENNER TRUST
Buyer, Buyer’s Address: MATTHEW
& KAYLEE JENNINGS, 4751 W
123RD PL
Address: 4751 W 123RD PL,
BROOMFIELD
Price: $296500
Buyer, Buyer’s Address: DEBORAH
J HELBURG, 13598 VIA VARRA
APT 323
323, BROOMFIELD
Price: $195400
Buyer, Buyer’s Address: CINDY L
WITT, 13598 VIA VARRA APT 316
316, BROOMFIELD
Price: $204400
Seller: JOHN & LORI ANN MORRIS
Buyer, Buyer’s Address: NORTON
NEY BITTENCO DEFARIA, 1660 S
BITKAN AVE
Address: 1432 DOVER ST, BROOMFIELD
Price: $210000
Buyer, Buyer’s Address: RICHARD
B & SANDRA K BORDEN, 13598 VIA
VARRA APT 310
310, BROOMFIELD
Price: $263100
Buyer, Buyer’s Address: JOHN T
& SHARON T QUIGLEY, 13598 VIA
VARRA APT 415
415, BROOMFIELD
Price: $214900
Seller: MARVIN J & BARBARA A
EAKES
Buyer, Buyer’s Address: BERNARD
F & KATHLEEN J VAHLING, 31 WALTER WAY
Address: 31 WALTER WAY,
BROOMFIELD
Price: $236500
Seller: DUONG NGUYEN
Buyer, Buyer’s Address: BUDDHI P
& BHAGAWATI LAMICHHANE, 417
OAK LN
Address: 417 OAK LN, BROOMFIELD
Price: $257500
Seller: ERIC & MARGARET
SCHARFF
Buyer, Buyer’s Address: SHAWN
P & CYNTHIA M BICKLEY, 1270 W
12TH AVE
Address: 1270 W 12TH AVE,
BROOMFIELD
Price: $340000
Seller: JAFFA S W & JENNIFER S
ROSENFELS
Buyer, Buyer’s Address: MARK &
SUSAN ROSS, 14920 TWING ST
Address: 358 MULBERRY CIR,
BROOMFIELD
Price: $197000
Seller: LYNN & KEVIN MCDONALD
Buyer, Buyer’s Address: SHAUB
ENTERPRISES INC, 1737 PO BOX
3301
Address: 1737 WHISTLEPIG LN,
Seller: NATHAN P ARNOLD
Buyer, Buyer’s Address: COLFIN AI
CO 1 LLC, 2450 BROADWAY
Address: 13595 GREEN CT,
BROOMFIELD
Price: $193000
Seller: KATHLEEN M MEIER
Buyer, Buyer’s Address: XAVIER &
LUCINDA FLORES, 12568 HAZEL
ST
Address: 12568 HAZEL ST,
BROOMFIELD
Price: $376000
Seller: TODD C COTTEN
Buyer, Buyer’s Address: ROBERT C
JR & LESLIE A PRAY, 3152 W 10TH
AVENUE PL
Address: 3152 W 10TH AVENUE PL,
BROOMFIELD
Price: $239900
Seller: RICHMOND AMERICAN
HOMES COLORA
Buyer, Buyer’s Address: JASON
JOE & ANN MARIE SCHIMSCHAL,
3326 YALE DR
Address: 3326 YALE DR, BROOMFIELD
Price: $479400
Buyer, Buyer’s Address: JEFFREY J
& LINDA BROTMAN EVANS, 13598
VIA VARRA APT 303
Seller: RICHARD A REINHARD
Buyer, Buyer’s Address: SHAWN M
& STEPHEN E ARNOLD, 3301 COLUMBINE CT
Address: 3301 COLUMBINE CT,
BROOMFIELD
Price: $220000
Seller: AARON LADD
Buyer, Buyer’s Address: ELIZABETH M WELCHCARRE, 1706
DAISY CT
Address: 1706 DAISY CT, BROOMFIELD
Price: $339000
Seller: JOHN V & NANCY FERRARO
Buyer, Buyer’s Address: AARON
LADD, 1691 DAPHNE ST
Address: 1691 DAPHNE ST,
BROOMFIELD
Price: $410000
Seller: JUDITH E RUBINROTTHALL
Buyer, Buyer’s Address: HARSHA
PILLI, 3535 MOLLY CIR
Address: 3535 MOLLY CIR,
BROOMFIELD
Price: $230000
Seller: DIRK A & HEATHER C
CAMILLETTI
Buyer, Buyer’s Address: BASSAM F
& WAFAA K ALDAGHESTANI, 12527
BIG DRY CREEK DR
Address: 12527 BIG DRY CREEK
DR, BROOMFIELD
Price: $270000
Seller: DOUGLAS BENSON
Buyer, Buyer’s Address: JEFFREY
ALAN BRENNER, 4440 AUGUSTA DR
Address: 4440 AUGUSTA DR,
BROOMFIELD
Price: $753800
Seller: JEFFREY BRENNER
Buyer, Buyer’s Address: LAURIE N
& ANDREW J DODD, 4125 BROADMOOR LOOP
Address: 4125 BROADMOOR
LOOP, BROOMFIELD
Price: $725000
Seller: STANDARD PACIFIC COLORADO INC
Buyer, Buyer’s Address: DAVID &
DARCIE SALAZAR, 15972 LOOKOUT PT
Address: 15972 LOOKOUT PT,
BROOMFIELD
Price: $554100
Seller: 15549 ZUNI STREET LLC
Buyer, Buyer’s Address: DOUG &
KELLY SEHR, 2480 RED HAWK PL
Address: 2480 RED HAWK PL,
BROOMFIELD
Price: $140000
Seller: WILBUR G BERRY
Buyer, Buyer’s Address: JAMES M
SCHOMER, 294 GARNET ST
Address: 290 GARNET ST, BROOMFIELD
Price: $215000
Seller: PAUL M & JENNY L DURAN
Buyer, Buyer’s Address: FREDERICK SCHERR, 2618 QUAIL CREEK
DR
Address: 2618 QUAIL CREEK DR,
BROOMFIELD
Price: $451500
Seller: MARK W SORENSEN
Buyer, Buyer’s Address: BRIAN &
➤ See Record, 23A
22A
|
Dec. 6-19, 2013
BUSINESS DIGEST
BRIEFS
The city of Boulder reported a 12.9 percent
increase in sales- and use-tax revenue from
September transactions. Collections in October, representing September sales, were
$10,035,006, up from $8,882,987 a year
ago. Construction use-tax revenue contributed significantly to the increase, going
from $422,866 a year ago to $1,196,147 this
year. September marked the second month
in a row that construction use-tax revenue
reached nearly $1.2 million. The retail salestax component, meanwhile, decreased 0.03
percent in September, from $7,502,227 a
year ago to $7,500,133 this year. Year to
date, overall sales- and use-tax revenue is
up 7.7 percent to $74,459,236 for the first
nine months of the year versus the same period last year. Retail sales-tax revenue, while
down for September year over year, remains
4.94 percent ahead of last year on a year to
date basis at $59,033,481. Construction use
tax year to date is up 41.5 percent.
Boulder-based telecom Zayo Group LLC
received $150 million in cash and expects to
save $2 million annually in interest after refinancing a company loan and a credit agreement. Zayo said it would use the loan money
for general corporate purposes, according
to a press release. The company provides
Internet bandwidth infrastructure and related
services. Zayo’s previous $1.6 billion loan was
increased to $1.75 billion in the transaction,
according to the release. Zayo is expected to
pay interest on the loan of 3 percent, instead
of the previous 3.5 percent, according to the
release. Financial companies Morgan Stanley,
Barclays Investment Bank and RBC Capital
Markets served as joint bookrunners in the
transaction. Citigroup, Goldman Sachs, SunTrust and UBS AG served as co-managers
on the loan re-pricing. SunTrust acted as the
agent on the revolving credit facility, according to the press statement.
the other products – is not affected by the recall, Olson said. He estimated the company’s
recall cost in the “double digits,” without discussing specifics.For more information about
the recall, customers can contact Backcountry Access at 1-800-670-8735 from 8 a.m. to
5 p.m. Mountain Standard Time, Monday
through Friday, or by email at [email protected].
Longmont-based Dot Hill Systems Corp.
(Nasdaq: HILL), a provider of SAN storage
solutions, announced that Northwest Missouri State University has selected Dot Hill
AssuredSAN Pro 5000 real-time, autonomic
tiered storage to support campus backup
systems and to support virtualization and
exchange servers across the university network.
A $26 million satellite made by Boulder-based
Ball Aerospace & Technologies Corp. was
launched Nov. 19 from Wallops Island, Virginia.
The STPSat-3 satellite is carrying five research
instruments that will collect space data for five
government science projects. One of the instruments is a $5 million sensor built by workers at the Laboratory for Atmospheric and
Space Physics, or LASP, at the University of
Colorado-Boulder, to monitor changes in solar
irradiance at the top of Earth’s atmosphere.
CONTRACTS
Rock Resorts, a subsidiary of Broomfieldbased Vail Resorts Inc. (NYSE: MTN), and
developer JMA Ventures LLC have signed
a management agreement for Constellation
Residences at Northstar. Rock Resorts will
manage the ski-in/ski-out boutique residences
located mid-mountain at Northstar California
Resort adjacent to The Ritz-Carlton at Lake
Tahoe. JMA Ventures announced plans for the
final phase of development at Constellation,
which includes building and selling 50 new
mid-mountain residences over the next three
years.
MERGERS & ACQUISITIONS
Colorado Health Brokers, a health-insurance brokerage, has acquired Boulderbased health-insurance brokerage Colorado
Affordable Health from Charley Mallon.
Mallon, who founded Colorado Affordable
Health in Boulder in 2002, sold Colorado Affordable Health to Eric Smith, president of
Colorado Health Brokers. The acquisition
consisted of Smith buying Mallon’s list of
clients for an undisclosed amount. Colorado
Health Brokers will now serve 1,100 clients
and take over Mallon’s office space at 2222
14th St. in Boulder. Smith will man the office
himself, and he has one employee who will
work remotely, he said. Smith previously had
his headquarters in Wheat Ridge.
Almost all of Backcountry Access Inc.’s avalanche airbag products are being recalled, according to the company and to the U.S. Consumer Product Safety Commission. As part of
the recall, Boulder-based Backcountry Access
is giving customers a free trigger mechanism
upgrade that they can install themselves on
their avalanche airbags, said Dane Olson, an
inside sales and technical service representative at the company. The avalanche airbag
models Float 18, 22, 30, 32, 36 and Throttle all
are affected by the recall, Olson said. Only the
company’s original avalanche airbag product –
which had a different opening mechanism than
Boulder-based Elevations Credit Union entered
into a contract with CU Direct Corp. to provide
members auto loans. Members will have access to new online vehicle buying tools as well
as mobile applications that will provide resources
24/7. Members will be able to access inventories
real-time throughout the Front Range. Elevations
anticipates $30 million in vehicle loan financing in
2014 through CU Direct programs. As part of its
Dec. 1, rollout, Elevations will be offering vehicle
loan financing at 2.99 APR.
AWARDS
ON THE JOB
BIOSCIENCE
Daniel M Bradbury joined the business advisory board of Boulder-based biopharma
AmideBio LLC. Bradbury is the managing member of BioBrit LLC, a life sciences
consulting and investment firm in La Jolla,
California.
ENGINEERING
Cardenas
Farrell
JVA Inc. hired Simon Farrell, Kristin Johansen and
Janet Cardenas.
Farrell will be a project engineer in the
Boulder office. He
received a bachelor’s degree in environmental health Johansen
from Colorado State
University and a
master’s degree in environmental science
and engineering from the Colorado School
of Mines. Johansen has joined has joined the
firm as a design engineer in the Boulder of-
NASA
Deadline to submit items for Business Digest
is three weeks prior to publication of each biweekly issue. Mail to Editor, Boulder County
Business Report, 3180 Sterling Circle, Suite
201, Boulder, CO 80301-2338; fax to 303-4408954; or email to [email protected] with Business Digest in the subject line. Photos submitted will not be returned.
fice. She received a bachelor’s degree in civil
engineering from the University of ColoradoBoulder. Cardenas has joined the firm as a
design engineer and will be working in the
Boulder Office. She received a bachelor’s
degree in environmental engineering from
the University of Florida and a master’s degree in civil engineering from the University
of Colorado-Boulder. JVA is a structural, civil, and environmental consulting engineering
firm with offices in Boulder, Winter Park and
Fort Collins.
HEALTH CARE
Dr. Michelle Snider
joined the team at
Austin Chiropractic
Center in Louisville.
Snider is a chiropractor who specializes in neurobehavioral disorders
such as autism. She
received training at
the Carrick Institute.
Snider
HIGH TECH
Boulder-based TapInfluence Inc. hired Pat
Benner as chief financial officer. Benner
will oversee all finance and administrative
activities. Benner has 25 years experience
and has worked for fast-growing companies in data storage, industrial products and
health-care information technology.
a program officer. Vernon, who is Yaqui and
Mescalero Apache, has a bachelor’s degree
from Stanford University and is working toward a master’s degree in ethnic studies at
Colorado State University. For the past year,
she worked at the Native American Cultural
Center at CSU.
REAL ESTATE
McKenzie Navarro was hired by Skystone
to manage the daily activities for residents
at its new 55-plus community in Broomfield.
Previously, Navarro worked for a residential
agency in Denver where she managed the
medical, financial and recreational aspects
of clients’ lives. She also interned with the
state of Wyoming’s Planning Council on Developmental Disabilities and with the Albany
County (Wyoming) Sheriff’s Department.
OTHER
Dan Powers has joined Boulder Tomorrow as its interim executive director. Boulder Tomorrow monitors local issues and
shares information with its members, the
media and local government. Previously,
Powers was community relations coordinator for Western Disposal Services Inc. in
Boulder.
NONPROFIT
Nonprofit Firsts Nations Development Institute in Longmont hired Rachel Vernon as
Deadline to submit items for On the Job is
three weeks prior to publication of each biweekly issue. Mail to Editor, Boulder County
Business Report, 3180 Sterling Circle, Suite
201, Boulder, CO 80301; fax to 303-4408954; or email to [email protected] with On
the Job in the subject line. Photos submitted will not be returned.
Radar Topography Mission, the Spaceborne Imaging Radar-C, the GEOSAT
Follow-On and the Submillimeter
Wave Astronomy Satellite.
Ball Aerospace & Technologies
supports critical missions for national
agencies such as the Department of
Defense, NASA, the Boulder-based
National Oceanic and Atmospheric
Administration and other U.S. government and commercial entities.
The company develops and manufactures spacecraft, advanced instruments and sensors, components, data
exploitation systems and RF solutions
for strategic, tactical and scientific
applications.
Its parent company, Broomfield-
Gregory James Smith, a health-care attorney
at Caplan and Earnest LLC in Boulder, received
the Lloyd E. Worner Award from Colorado College in Colorado Springs. The award recognizes
outstanding loyalty, service and generosity to the
college by continuing concern and support for
students, and the quality of teaching and learning, as well as the general well-being and future
excellence of the institution. At Caplan and Earnest, Smith works in the health-care law practice group. He assists health-care professionals,
including physicians, who are either establishing
their practices or transitioning practices to others.
Broomfield-based MWH Global, a consulting, environment engineering and construction
services firm, was recognized as the top U.S.
contractor in wastewater treatment plants in
2013 by Engineering News-Record, a publication for the engineering and construction industry, for the second consecutive year. Overall,
MWH Global has been ranked in several lists
from ENR’s Top Contractors Sourcebook: No.
1 in Top 25 Wastewater Treatment Plants. No. 2
in Top 50 Sewerage and Solid Waste. No. 3 in
Top 25 Water Treatment & Desalination Plants.
No. 4 in Top 50 Water Supply. No. 108 in Top
400 Contractors. Published annually, the 2013
ENR Contractors list ranks the 400 largest
U.S.-based general contractors, both publicly
and privately held, based on construction contracting-specific revenue. Contractors are also
ranked in industry related categories.
Guy Higgins and Jennifer Freeman, principals of
Boulder-based Firestorm, a franchisee that specializes in disaster preparedness, crisis management and business recovery, were named Principals of the Year by Firestorm, a national franchisor.
from 7A
hensive data needed for global rain
maps and climate research products.
These instruments also will provide
an accurate reference for calibrating
other microwave radiometers in the
GPM constellation.
GMI’s design is based on successful
microwave sensors built previously by
Ball Aerospace, including the Shuttle
based Ball Corp. (NYSE: BLL), supplies packaging for beverage, food
and household products customers,
as well as aerospace and other technologies and services primarily for
the U.S. government. Ball Corp. and
its subsidiaries employ 15,000 people
worldwide and reported 2012 sales of
more than $8.7 billion.
Dec. 6-19, 2013
|
23A
CALENDAR
DECEMBER
The University of Colorado-Boulder’s
Leeds School of Business presents
the 2014 Colorado Business Economic
Outlook Forum from 1 to 6 p.m., Monday,
Dec. 9, at the Denver Marriott City Center, 1701 California St., Denver. For more
information, contact Brian Lewandowski
at 303-492-3307 or brian.lewandowski@
colorado.edu.
9
10
The Boulder Small Business Development Center presents SEO
Essentials from 1 to 4:30 p.m. Tuesday,
Dec. 10, at 2440 Pearl St., Boulder. Learn
what search engine optimization (SEO) is,
how it works and why it is critical for your
website and to your business to be found
by your customers. Whether you are build-
RECORD
ing a brand new site, or wanting to modify
an existing website, learn the vital website
components necessary for proper SEO
that anyone can understand, no technical
skills required. Cost is $45. For more information and to register contact Rachel Garcia at 303-442-1475 ext. 2, or email rachel.
[email protected].
11
The Boulder Small Business Development Center presents StartupEssentials from 1 to 4:30 p.m. Wednesday, Dec. 11, at 2440 Pearl St., Boulder.
Attorney Theresa Pickner presents the nuts
and bolts of starting a business, including
legal entity selection, taxes (sales, use, and
payroll), liability protection, registering your
trade name, and more. Cost is $45. For
more information and to register contact
Rachel Garcia at 303-442-1475 ext. 2, or
email [email protected].
13
Sandler Training in Boulder will
present a Goals Setting Workshop
from 9 a.m. to 4 p.m., Friday, Dec. 13, at 357
S. McCaslin Blvd., Suite 200, Louisville. Bob
Bolak will focus on the10 steps of effective
goal-setting. SMART goals are specific,
measurable, actionable, realistic and timebound. Learn how to create a balanced and
successful life by goal-setting in daily, shortand long-term increments. For cost and to
R.S.V.P. contact Alison.Schneider@sandler.
com or call 303-928-0932.
18
The Boulder Small Business Development Center presents QuickBooks
Essentials from 1 to 4 p.m., Wednesday,
Dec. 18, at 2440 Pearl St., Boulder. Class
is an introduction to the basic functions of
QuickBooks. It will cover topics starting with
the initial setup and end with creating the
financial reports that summarizes the heath
of the business. Workshop presenter is Don
Potratz, owner, Long’s Peak Accounting
LLC. For more information and to register
contact Rachel Garcia at 303-442-1475 ext.
2, or email [email protected].
Deadline for Calendar items is three weeks
prior to publication. The weekly events calendar alternates with the monthly events
calendars; each appears once every other
issue. Mail Calendar items to Calendar, Boulder County Business Report, 3180 Sterling
Circle, Suite 201, Boulder, CO 80301-2338
or [email protected] with Calendar as subject.
from 21A
JULIE SHERWOOD, 885 W 9TH AVE
Address: 885 W 9TH AVE, BROOMFIELD
Price: $238000
Seller: 11203 COLONY CIRCLE LLC
Buyer, Buyer’s Address: GOLDEN
PROPERTY GROUP LLC, 1360 WALNUT ST APT 311
Address: 11203 COLONY CIR,
BROOMFIELD
Price: $255000
Seller: JOSEPH L & KELLI K
SCHWARTZ
Buyer, Buyer’s Address: FELISA M
MOORE, 3751 W 136TH AVE # 13
Address: 3751 W 136TH AVE # 13,
BROOMFIELD
Price: $279000
STOCKHOLDERS
Seller: MATTHEW W & KATHERINE O
HANSEN
Buyer, Buyer’s Address: DENNIS
J & ADRIENNE A ASBURY, 14836
FALCON DR
Address: 4570 W 124TH AVE,
BROOMFIELD
Price: $290000
Seller: WILLIAM PATRICK & TERESE E
TENNYSON
Buyer, Buyer’s Address: THOMAS
E & LINDY J JOSEPHSON, 12294
WOLFF DR
Address: 12294 WOLFF DR, BROOMFIELD
Price: $319900
Seller: KEVIN M & JEANNE M SULLIVAN
Buyer, Buyer’s Address: OLIN &
EILEEN HOOVER, 3337 ALEXANDER
WAY
Address: 3337 ALEXANDER WAY,
BROOMFIELD
Price: $545000
Seller: KIRK JONES
Buyer, Buyer’s Address: JOHN B &
RHONDA S MEDING, 4774 RAVEN
RUN
Address: 4774 RAVEN RUN, BROOMFIELD
Price: $307000
Seller: MICHAEL & MICHELLE YURCHAK
Buyer, Buyer’s Address: BELARMINO
SERNA, 4259 SNOWBIRD AVE
Address: 4259 SNOWBIRD AVE,
BROOMFIELD
Price: $262000
Seller: STANLEY E & CHER L MONROE
Buyer, Buyer’s Address: BRYAN
KEITH & SARA IRENE LAUER, 12587
DALE CT
Address: 12587 DALE CT, BROOMFIELD
Price: $269200
Seller: DARLENE J MCCOLLUM
Buyer, Buyer’s Address: JENNIFER K
& JUSTIN L MILLETTE, 941 BIRCH ST
Address: 941 BIRCH ST, BROOMFIELD
Price: $221000
Seller: RICHMOND AMERICAN
HOMES COLORA
Buyer, Buyer’s Address: BILL L
CYPERT, 3511 HARVARD PL
Address: 3511 HARVARD PL,
BROOMFIELD
Price: $486900
Seller: NANCI L ORTEGA
Buyer, Buyer’s Address: WILSON
T & ALLISON JOHNSON, 2860 W
133RD AVE
Address: 2860 W 133RD AVE,
BROOMFIELD
Price: $229900
Seller: ANTHONY S & JENNY R
GRAHAM
Buyer, Buyer’s Address: BRIAN C
NICHOLSON, 387 E FREDONIA DR
Address: 3327 MOLLY LN, BROOMFIELD
Price: $206500
Buyer, Buyer’s Address: FLAGSTAFF
HOLDINGS 224 LLC, 3000 PEARL ST
STE 200
Address: 226 COMMERCE ST,
BROOMFIELD
Price: $3992100
Seller: RG OPTIONS LLC
Buyer, Buyer’s Address: JERRY N JR
GILLESPIE, 12546 MARIA CIR
Address: 12546 MARIA CIR, BROOMFIELD
Price: $232200
Seller: 226 COMMERCE LLC
from 1A
(Nasdaq: NDLS) are expected to
sell stock worth $210.3 million
sometime this month, according
to a federal regulatory filing made
Dec. 2. The latest planned stock
offering comes after a successful
initial public offering raised $100
million in July. The chain of fastcasual restaurants expects to see
sales growth of up to 3 percent
through the end of the year, according to a separate regulatory filing.
Noodles stock traded at $40.63
per share on Nov. 29, creating the
informal value for the latest planned
stock sale. No formal price has been
set and no specific date has been
announced for the new offering.
Of the total 5.175 million shares
of Class A stock to be sold, Noodles
plans to sell 108,267 shares and
stockholders plan to sell 4,391,733.
Underwriters are expected to sell
an additional 675,000 shares of
stock, according to a regulatory
filing.
The company also plans to repurchase shares of common stock
directly from certain Noodles officers. Noodles will use proceeds
from the public offering to fund the
repurchase.
The situation at Boulder-based
Clovis (Nasdaq: CLVS) is a little
different. Clovis purchased Italian
biopharmaceutical company EOS
S.p.A. for $190 million in stock
shares and $10 million in cash, in
a deal announced Nov. 20. EOS is
developing a drug to treat breast
cancer.
BOTH NOODLES AND CLOVIS HAVE BEEN
stock market darlings since going public. Noodles executives
have said they want to grow the franchise to 2,500 restaurants in the next 15 to 20 years. Clovis executives formed a
cancer drug research company that has drug candidates in
the late stages of development.
Some of the EOS stockholders who received Clovis shares in
the sales transaction now want to
sell them. The company is offering 2 million shares to the public
at $57.50 per share, which would
generate about $115 million. All of
the shares are being sold by existing stockholders, according to a
Clovis statement issued Dec. 3. The
company will not receive any of the
proceeds.
Both Noodles and Clovis have
been stock market darlings since
going public. Noodles executives
have said they want to grow the
franchise to 2,500 restaurants in the
next 15 to 20 years. Clovis executives formed a cancer drug research
company that has drug candidates
in the late stages of development.
Noodles originally planned to sell
about 5.8 million shares for $12 to
$14 in its initial public offering in
July. Priced at $18 on the first day,
the shares shot up more than double
to $36.75 that day.
The soaring stock price right out
of the gate is the latest and greatest
in a line of successes for the Colorado-born restaurant company. As of
May 28, Noodles & Co. had 343 restaurants – 291 company-owned and
52 franchised locations – across 26
states and the District of Columbia.
Kevin Reddy, Noodles' chief
executive, and Keith Kinsey, its
chief operating officer, both formerly worked for Chipotle Mexican Grill Inc., and some analysts
compared Noodles’ successful IPO
favorably with that of Chipotle in
2006. Reddy received a $1 million
bonus for helping shepherd Noodles
through the IPO process, according
to SEC documents. Kinsey received
$500,000.
Noodles is known for its wide
range of noodle and pasta dishes,
from its Japanese pan noodles and
pesto Cavatappi to Wisconsin macaroni and cheese.
When it comes to reasons for
Clovis Oncology’s success, look
no further than chief executive
Patrick Mahaffy. He founded the
company with other former executives of Boulder-based Pharmion
Corp., which he also co-founded. Pharmion was sold to Celgene
Corp. in Summit, New Jersey, for
$2.9 billion in 2008.
Clovis was rumored to be for sale
in September, after the stock tripled
in value over the last year or so. The
company raised $130 million in an
initial public offering of 10 million
shares in the fourth quarter of 2011.
Clovis bought EOS for that company’s cancer-treatment drug candidate, named lucitanib. In clinical
studies, lucitanib performed well in
some breast-cancer studies done on
human patients.
In 2012, EOS partnered with
French pharmaceutical company
Les Laboratories Servier in an
agreement that gave the French
company the rights to sell lucitanib
in Europe and other markets. With
Clovis' purchase of EOS, Clovis will
collaborate with Servier to develop
lucitanib, with Servier responsible
for the first 80 million euros of
development costs (about $108
million).
With the purchase, Clovis will
hold exclusive rights for lucitanib
in the United States and Japan.
Clovis can receive an additional 350
million euros (about $470 million)
through its license agreement with
Servier, once certain drug-development and sales milestones are met.
In addition to the breast cancer
drug candidate, Clovis Oncology is
developing drug candidates to treat
lung cancer, ovarian cancer and a
gastrointestinal tumor cancer.
24A
|
Dec. 6-19, 2013
BOULDER VALLEY REAL ESTATE WATCH
WWW.BCBR.COM
COURTESY RE: ARCHITECTURE
Renderings depict The James, a mixed-use project at 1750 14th St. in Boulder. Touted as a “shared-use” space because of the intermingling of different aspects of the
project, The James incorporates the former James Travel building into new construction on the parking lot around it. Aerial views of the project from the southwest and
northeast are shown at bottom left and right, respectively.
Plans in works to redevelop James building
BOULDER — Local real estate
management and development firm
ElementProperties LLC has filed concept plans with the city of Boulder
that could bring one of the downtown
civic area’s first commercial redevelopments since officials adopted a
vision for the area earlier this year.
The James is a mixed-use project
at the site of the former James Travel
building at 1750 14th St. Touted as
a “shared-use” space because of the
intermingling of different aspects of
the project, The James incorporates
the James Travel building into new construction on the parking lot around it.
The project includes 8,517 square
feet of traditional office space in addition to 1,570 square feet of “microoffices.” There will also be 43 rentable
residential units, including one- and
two-bedroom apartments ranging in
size from 700 to 900 square feet as well
as eight 475-square-foot micro-lofts.
Plans propose about 13,000 square feet
of ground-level parking. In all, the project includes about 64,000 square feet of
floor area in the new construction.
“We’re trying to meet a lot of
community needs in one spot,” said
Chris Jacobs, one of the principals of
ElementProperties along with Scott
Holton. “Downtown is to be shared
by lots of different people and a crosssection of our population.”
In August, the James family sold the
James Travel building and the threequarter-acre parcel on which it
sits for $3.7 million to an entity
formed by Element for the purchase. Element
then sold just the
10,000-squarefoot building to
REAL ESTATE
the owners of
Joshua Lindenstein
Broomfield-based
Tax Guard Inc. and 20/20 Tax Resolution Inc. for $2.6 million, with plans
of Tax Guard moving its operations
there.
As part of that arrangement,
Jacobs said, Element is making certain
changes to the James Travel building
to incorporate it into the project, such
as adding a rooftop garden.
Elaine McLaughlin, a planner with
the city, said The James’ concept
review tentatively is set to go before
the planning board Jan. 30. Develop-
ers said they’ve met individually with
several surrounding businesses and
neighbors about the project, and added
that they’ll likely schedule a neighborhood meeting for sometime in January.
If the site-review process progresses as planned, Kyle McDaniel, project
manager for The James, said developers could break ground by late summer or early fall, with construction
slated to take 11 to 12 months.
The developers are seeking planning board exceptions for building
height and the number of stories for
the new L-shaped building that will
wrap around the two-story James
Travel building. The concept plans
call for the new construction to be
a 55-foot, four-story building. The
development is in an area zoned
Downtown-5, where 38 feet and two
stories are allowed by right.
McLaughlin said staff meetings have
yet to be held concerning the project.
But she believes the project is one that
can fit into what city leaders have envisioned for the civic area, which includes
the area bounded on the west by Ninth
Street, on the east by 17th Street, on the
north by Canyon Boulevard and on the
south by Arapahoe Avenue.
“I think so, as long as it’s consistent
with site review and meets that criteria,” McLaughlin said. “It is an infill
opportunity and hopefully would be
set back enough that it wouldn’t offer
too much of an impact on the view
from Canyon.”
Part of the idea for The James is
to provide affordable for-rent spaces
to help balance out the larger for-sale
condominiums that have been included in much of the redevelopment
downtown in recent years. While the
residential units won’t be rent-restricted, Jacobs said they’ll provide a lower
price point than some of the larger new
apartment buildings in Boulder such
as Two-Nine North and The Peloton.
“The vision for the James is to
create a multigenerational and multiincome place in downtown Boulder
for those who want to live without a
vehicle and participate in a culturally
rich community,” Holton said.
The 200- to 300-square-foot micro
offices will be geared toward startup
companies that can’t yet afford or
don’t need some of the larger spaces
available downtown.
“To give them 200 to 300 square
➤ See Real Estate, 25A
Dec. 6-19, 2013
REAL ESTATE
from 24A
feet right next to the civic area seems
like a good spot,” Jacobs said.
Jacobs said he doesn’t yet have an
estimated project cost for The James.
Designed by Boulder-based Richard Epstein Architects Inc., doing
business as RE:Architecture, the
developers said the project should
easily attain Leadership in Energy &
Environmental Design gold status.
They said it could achieve platinum
status because of features such as
rooftop solar panels, the rooftop garden and the proximity to downtown
amenities such as the RTD bus station. Amenities such as a one-to-one
ratio of parking spaces to units in the
development attempt to encourage
alternative modes of transportation
while not burdening surrounding
neighborhoods with parking overflow.
The project site is in the 100-year
flood plain, which means residential
aspects can’t be on the first floor. But
McDaniel, the project manager, said
the site was unaffected during the
September flood that ravaged the area
despite The Farmer’s Ditch running
along the south side of the property.
RESIDENCE INN PLANNED:
The corner of 26th Street and Canyon
Boulevard might soon become known
as Boulder’s “Hotel Row.”
Stonebridge Cos., an Englewoodbased hotel development and management firm, earlier this month submitted formal site review plans with the
city to construct a 171-room Residence
Inn hotel on a 1.65-acre parcel at the
southwest corner of the intersection.
The hotel would join the existing
Marriott hotel southeast of the location. To the northeast, at the site of
the former Best Western Golden Buff
Lodge and Eads Newsstand, developers have received approval to build
a pair of 180-room hotels as well as
a 35,000-square-foot building for
offices, retail and restaurants.
“I think it will be nice to have
those synergies,” said Tommy Nigro,
vice president for real estate at Stonebridge. “We think that could work
well. It’s not really the reason we
selected the site, but we don’t see it
as a negative, either.”
The land for the Residence Inn
is owned by Gart Properties, which
owns the Village Shopping Center that
encompasses much of the area and is
anchored by McGuckin Hardware.
Nigro said Stonebridge is under contract to purchase the land for the hotel,
but declined to disclose the sale price.
The hotel would become Boulder’s
second Residence Inn, an extendedstay, limited-service model. The first,
at 3030 Center Green Drive in northeast Boulder, is not affiliated with
Stonebridge. Stonebridge operates 25
hotels in Colorado, mostly in the Denver metro area. The only other hotel
the company owns in Boulder County
is the Hampton Inn in Louisville.
Stonebridge still has plenty of
hoops to jump through before the new
Residence Inn comes to fruition. City
planning staff sent the initial plans
back to Stonebridge requesting several
Highest-Priced Home Sales in Boulder County
October 2013
Sale Price
Buyer
Address
City
$3,400,000
Thomas Martin and Ann Margaret Boyle, 3639 21st St., Boulder
$2,300,000
Brian and Brenda Fuller, 8215 Cattail Drive, Niwot
$2,225,000
Alexander and Kerri Lynn Mason, 2211 6th St., Boulder
$1,506,400
Howard C. Karawan, 720 Pearl St., B, Boulder
$1,475,000
Thomas W. and Laurie J. Scott, 3119 8th St., Boulder
$1,375,000
Matthew H. and Ashley M. Blomquist, 8976 Little Raven Trail, Niwot
$1,250,000
George Marvin III and Bethany Dupont, 2470 Cragmoor Road, Boulder
$1,241,700
Heather and Brian Pierce, 1559 Birchwood Court, Lafayette
$1,210,000
William B. Stone, 1740 Oak Ave., Boulder
$1,022,000
Allen Stenger, 2892 95th St., Boulder
Source: SKLD Information Services LLC - 303-695-3850
changes to bring the project more in
line with the Boulder Valley Regional
Center design guidelines. The regional
center is the area bordered roughly by
Folsom Street to the west, 30th Street
to the east, Pearl Street to the north
and Boulder Creek to the south.
The Stonebridge plans call for the
hotel to be situated in an H configuration, with four stories in the wing
adjacent to Canyon Boulevard and
five stories farther back from the
street. There would be 115 parking
spaces spread out between underground spaces beneath the north
wing, some surface spaces to the west
and enclosed ground-level parking
under the south wing.
Most notably, city planning staff
took issue with an automobile entrance
and drop-off area on the east side of
the hotel off of 26th Street, as well as
the removal of several mature trees at
the corner of 26th and Canyon. City
staff would like to see the drop-off
area moved to the back of the site,
away from Canyon and 26th, as well
as plans that keep the existing trees.
While the hotel’s close proximity
to Canyon achieves the urban flavor the BVRC guidelines encourage,
Boulder planner Elaine McLaughlin
said the city also would like to see a
more active first floor along Canyon
than what the plans entail.
“It just didn’t meet the guidelines,”
McLaughlin said.
Nigro said Stonebridge aims to
resubmit plans by the end of the
year but stopped short of speculating about what type of changes the
company would make. Still, he said
he anticipates no material changes in
terms of the number of rooms or the
general product offering.
“It’s just so early in the process,” Nigro
said. “We’re really just getting going.”
STUDIO BOULDER TO OPEN:
Sculptor Jen Lewin plans to open
The Studio Boulder on Jan. 1 – a
12,000-square-foot space that will
have artist workshops and offices for
rent. The studio will be at 3550 Frontier Ave., Unit A2, in Boulder.
Founders Lewin and Bill Goodrich,
operating as The Studio LLC, are renovating the space for about $250,000.
It includes conference rooms, a communal meeting area, kitchen, multimedia rooms, bathrooms, showers
and outdoor decks.
“The idea is to create community and a really rich environment for
people to work in,” Lewin said. “It’s
a great benefit to me to be a part of
a space like this, and tenant rent is
focused to pay back initial investment
and support the space.”
Rent is $300 for a co-working desk
in a common area, Goodrich said. Coworking desks are commonly shared at
different times by more than one person.
Private offices have monthly rents
ranging from $920 to $1,140. Two private workshop spaces with 24-foot-high
ceilings rent for $2,290 each, a third
with lower ceilings rents for $1,350 per
month. An administrative assistant will
handle mail and other general needs.
Lewin’s studio takes up about onethird of the space, she said. Lewin
invested in remodeling the total
space, which is leased for an undisclosed amount.
Construction is expected to be
complete in mid-December. Tours
are available by signing up at thestudioboulder.com.
LONGMONT
GE LIGHTING TO LONGMONT:
GE Lighting Systems Inc. plans to
move its growing manufacturing business from Boulder to a 63,000-squarefoot space in Longmont at the end of
January.
GE Lighting has sold almost three
times more light-emitting diode lights
this year than last year as the efficiency
of LED lights has gone up and prices
have gone down, said Jeff Bisberg, who
will be the site leader at the new location at 1844 Nelson Road in Longmont.
That location will be about double the
square footage of the space the company
occupies in Boulder. The company will
take up about one-third of an existing
174,000-square-foot building, he said.
“GE is reinvesting in the area and
supporting growth here,” Bisberg
said. “We’re proof that you can do
manufacturing in the United States
and do it successfully.”
About 80 people work at GE
Lighting’s plant in Boulder. The company plans to grow to about 100
people around the time of the move,
Bisberg said. The new site was chosen
for several reasons, including its proximity to the 174,000-square-foot GE
Energy plant at 1800 Nelson Road,
next door, he said.
General Electric does not release
|
25A
Foreclosures
in Boulder Valley
Oct. 1 – 31, 2013
City
Foreclosures
Filed
Allenspark
0
Boulder
3
Broomfield
7
Eldorado Springs
0
Erie
1
Golden
0
Gold Hill
0
Hygiene
0
Jamestown
0
Lafayette
1
Longmont
10
Louisville
1
Lyons
2
Nederland
0
Niwot
1
Pinecliffe
0
Superior
1
Ward
0
TOTAL
27
Deeds
Issued
0
3
4
0
0
0
0
0
0
4
4
0
1
0
0
0
0
0
16
*Reflects only the portion of Golden in Boulder County
Source: Public trustees of Boulder and Broomfield counties
financial details of the revenue from
its divisions, Bisberg said. The LED
lighting systems are used in a variety
of warehouses, commercial buildings
and public buildings.
Dean Callan & Co. Inc. in Boulder
and Scott Garel, a broker at Newmark
Grubb Knight Frank’s Denver office,
represented the landlord in the transaction. Matt Trone and Steve Hagar,
brokers at Cushman & Wakefield of
Colorado in Denver, represented GE
Lighting.
GE Lighting, a division of General
Electric Co. (NYSE: GE), was formed
after General Electric bought the former Albeo Technologies Inc. in Boulder
in 2012, which was founded by Bisberg.
BOULDER COUNTY
OCTOBER FORECLOSURES:
The number of Boulder County foreclosure filings dropped 72 percent
in October versus the same month a
year ago, from 60 to 17, according to
the latest report from the Colorado
Division of Housing.
Boulder County’s foreclosure sales
also plummeted 72 percent for the
same periods, from 43 to 12. Broomfield County also saw strong numbers
in October, with just seven new filings
and four sales representing drops of 36
percent and 77 percent respectively.
Boulder’s rate of one foreclosure sale
for every 10,273 households was the
lowest of the 12 metropolitan counties
measured in the October report.
Through the first 10 months of the
year, both Boulder and Broomfield
counties have seen their number of
foreclosure filings cut in half versus
last year, while foreclosure sales in the
two counties are down 46 percent and
43 percent, respectively.
The strong local numbers come as
the state saw a 55 percent drop in filings in October versus the same month
a year ago, falling to the lowest level in
any month since the Division of Housing began collecting the totals in 2007.
Beth Potter contributed to this report.
Joshua Lindenstein can be reached at
303-630-1943 or [email protected].
26A
|
Dec. 6-19, 2013
OPINION
WWW.BCBR.COM
Tight housing
inventories
to continue
W
elcome to 2014.
It wasn’t that long ago
that the Boulder Valley
housing market felt the sting of the
national housing bust. While some
submarkets such as Boulder weathered
the storm fairly well, maintaining price
stability or even appreciation, other
communities such as Longmont experienced high foreclosures, rising inventories and downward price pressures.
Today, the Boulder Valley is experiencing significant upward pressure
on prices, as inventories decline and
home builders struggle to keep pace
with demand. The result? Prices
are climbing, and residential agents
might find themselves competing for
increasingly precious listings.
EDITORIAL
At the Boulder Valley Real Estate
Conference & Forecast, conducted
recently at the Stadium Club at Folsom Field, Re/Max of Boulder’s D.B.
Wilson highlighted some of the challenges facing the residential sector.
“This spring is going to be even
tougher than last spring,” Wilson
told the audience. “When you think
of the number of multiple offer
transactions (that occurred last
spring), I think that's what we're
going to see again. ... I think we're
going to have a strong market but I
think we're going to be fighting over
the same listings.”
Two numbers tell the story, at
least in the case of Boulder: For
the first three quarters of 2013, the
city’s median home price climbed to
$642,000, while the average sales
price reached $747,233.
While five to seven months is
considered a healthy inventory,
Boulder County’s inventory of
single-family homes stands at a mere
3.2 months.
That’s a buyer’s market. And it’s
one that likely will continue in the year
ahead. So prospective homebuyers
might want to jump in while they can,
before prices escalate even further.
And sellers should consider whether
now might be a pretty good time to
place their homes on the market.
Boulderite backs boomsday scenario
Smith: My 4-point plan
balances budget, cuts
income tax, pays off debt
B
oulderite Scott A. Smith has a
plan to balance the federal budget, pay off the national debt in
eight years, and in the process whittle
the federal income tax down to next
to nothing.
It sounds too good to be true, but
Smith believes his plan could work.
The serial entrepreneur this year
co-founded the Partnership for a New
Economy, with the goal of promoting
and putting into place his revolutionary four-point plan for the U.S.
economy.
The key to Smith’s four-part plan
is taxing the flow of financial transactions taking place every nanosecond
of every day – a whopping $2,510
trillion in regulated annual transactions, he said. All new deposits in
banks, wire transfers and cleared
securities would be clipped at 0.14
percent per transaction. Granted,
bankers won’t like this, and if this
ever came to be, they’d find a way
to make it up at the consumers’
expense. But we, the consumers,
would have more cash on hand to
deal with it.
Smith delves into this plan in more
detail in his self-published book,
“Boom! A Measured Proposal for
BOULDER COUNTY
BUSINESS REPORT
3180 Sterling Circle, Suite 201,
Boulder, Colo. 80301-2338, is
published biweekly by BizWest
Media LLC a Colorado corporation, in Boulder, Colo.
VOLUME 32, ISSUE 26
Economic Revolution.”
Under Smith’s plan, workers would
pay just $1.40 for every $1,000 in
income, instead of up to the $400
they are taxed today. At the same
time, the federal government could
balance its budget, receiving $3.6
trillion in income from taxing. Smith
asserts this would
boom the economy, as consumers
would spend the
money they save
from not paying
taxes, boosting
the gross domestic product.
“The chronic
OBSERVATIONS
f ight in ConDoug Storum
gress over raising
the debt ceiling
shows how desperately we need this
solution,” Smith said. “The fact that
we could balance the budget and do
it without having to pay income taxes
only makes the solution I’m proposing
that much more compelling.”
He points out that his proposals would result in a substantial
increase in the amount of discretionary income for everyone, whether
rich, middle class or poor. The actual
difference for a hypothetical family
of four with a combined income of
$100,000 is calculated on page 62
in “Boom!”
Under the current system, assuming a $400,000 mortgage, $100,000
in student loans and $50,000 in consumer debt, the family would have
less than $32,000 in discretionary
income after paying their taxes and
debt. Under the system proposed in
Boom, the same family would have
more than $89,000 in discretionary
income; nearly triple the amount it
has today.
Smith has spent most of his career
founding companies in finance, education and technology.
He was an early pioneer in structured finance, developing the model
for conduit financing that allowed
commercial real estate mortgages to
be originated and securitized without
third-party credit enhancement.
He is the managing member of C
Squared Structured Investment Fund
in Boulder, tech developer at Boulderbased FinaTech, a portfolio of patentpending structured solutions for private equity funds, and co-founder of
Massively Parallel Technologies Inc.
in Boulder.
Smith, who believes the political
sphere sorely lacks financially savvy
and visionary leaders, is using his
book to build support for a broad
public campaign that would help turn
his approach to public finance into a
reality. His book is available through
his website, www.boomtheeconomy.
com.
Doug Storum can be reached at 303630-1949 or [email protected].
PUBLISHER
WEB DIRECTOR
CIRCULATION MANAGER
EDITOR
WEB DESIGNER
OFFICE MANAGER
COPY EDITOR
DIRECTOR OF BUSINESS DEVELOPMENT
CARTOONIST
ACCOUNT EXECUTIVES
CONTRIBUTING PHOTOGRAPHER
Christopher Wood ................ [email protected]
Doug Storum ..................... [email protected]
Dallas Heltzell.................... [email protected]
To advertise or subscribe:
303-440-4950
Fax: 303-440-8954
Online edition: www.BCBR.com
WRITERS
The entire contents of this newspaper
are copyrighted by BizWest Media with
all rights reserved. Reproduction or use,
without permission, of editorial or graphic content in any manner is prohibited.
Mariah [email protected]
Joshua Lindenstein ....... [email protected]
Beth Potter [email protected]
RESEARCH DIRECTOR
PRODUCTION DIRECTOR
Dave Thompson [email protected]
Chase Miller........................ [email protected]
Denise [email protected]
Kevin Loewen ................. [email protected]
Storm Hostetter............... [email protected]
Scott [email protected]
DIRECTOR OF EVENTS AND MARKETING
Renie Mayfield [email protected]
Janet Hatfield [email protected]
Tiffanie Moore [email protected]
Ron Ruelle
Jonathan Castner
Dec. 6-19, 2013
|
27A
How to avoid holiday etiquette gaffes at work
B
y its very nature, the workplace is a minefield of hidden
dangers for the etiquette
challenged. Come holiday time,
even seasoned employees make etiquette gaffes. Here are eight of the
most common ones – and what to
do instead.
Calling in sick the day before
or after the holiday. Colds and flu
seem to be awfully common before
or after a three-day weekend.
Hmmm. If you’re contemplating
flying back after a holiday trip on a
Monday instead of a Sunday night
to save money, do yourself a favor
and clear it with your manager
first. Calling in sick to extend your
holiday by an extra day won’t fool
anyone and will come back to bite
you. It’s about as transparent as the
dog-ate-my-homework excuse.
Bringing presents for just your
favorite coworkers. No matter how
old, mature and evolved we think
we are, we all feel a twinge of envy
when we notice that a coworker has
gotten presents and we haven’t. It’s
human nature. There’s etiquette
protocol to follow for office gift
giving, but here are a couple of
pointers. It’s OK to give small gifts
to those who serve you on a regular
basis, such as the receptionist or
your assistant, for example. But if
BCBRDAILY
you want to give gifts to others in
the office, do it in private.
Posting inappropriate photos from parties on Facebook or
Instagram. Do you really want
your boss to see you doing Jell-O
shooters with Mrs. Claus? The
problem with
social media is
that you don’t
know who’s
reading about
your weekend
antics and what
opinion they’ll
form about you
once they do.
GUEST OPINION
If you just can’t
Vicky Oliver
resist sending
your friends pics
of your revelry, use Snapchat. The
image disappears after 10 seconds,
too fast for your boss to see it.
Getting wasted at the company
office party. It’s fun to unwind and
show a more relaxed side of your
personality at the office party. If
you’ve got a great Patsy Cline number, by all means take a turn at the
karaoke machine. But keep in mind
that any behavior that’s scandalous,
sloppy or disrespectful will not be
forgotten Monday morning. Your
coworkers will be snickering about
it for years to come. Pour nonalco-
holic punch into a wine glass and
use the party as an opportunity to
network with higher-ups.
Forgetting to tip the service people in your office. There are people
in your building who make your job
easier on a daily basis. These might
include the doorman, mailroom
guy or after-hours cleaner. Give
them cash in a pretty envelope
accompanied by a heartfelt, written message of appreciation. These
people often make minimum wage
or close to it, and a $20 bill goes
a lot farther than a pair of gloves
or Starbucks gift card. Moreover,
they’ll be more willing to help you
out the other 11 months of the
year.
Throwing a private holiday
party and talking about it at work.
It’s just not cool to talk about that
cocktail party you’re having to
which only a few of your coworkers
are invited. If you’re having a holiday get-together, ask your workplace friends to please not discuss it
during workplace hours. Hurt feelings can affect workplace relationships and could even potentially
jeopardize your job or promotion
down the road.
Advertising your personal
religious beliefs to excess. When
people get into the holiday spirit,
it’s not uncommon to see a reindeer brooch pinned to a lapel or
Hanukkah cards splayed out on a
desk. But if your cubicle is starting to resemble Santa’s workshop,
complete with fake snow, a Nativity crèche and flashing lights on a
tiny tree, you’ve stepped over the
good etiquette line. Not everyone
feels cheery about the holidays-especially those who are not religious. Keep your tinsel for the tree
at home.
Participating in the end-of-year
rumor mill. Nasty gossip, vicious
during any season, has a particularly barbed ring to it during the
holidays. This is especially true at
the end of the year when a lot of
companies make layoff decisions
or give holiday bonuses. Have you
heard through the grapevine that
your company is merging or purging? Are you wondering who got
the biggest and smallest bonuses?
Time to keep your lips zipped.
Don’t let idle rumors mushroom
into bad morale and self-fulfilling
prophecies.
and hire employees who are good
cultural fits for the organization.
The RoundPegg press release said
the company projects 250 percent
growth this year as it expands a client base that includes eBay, Kaiser
Permanente and Nike. The release
did not say specifically what the latest funding will be used for but did
indicate that the company is adding to
its sales and marketing teams.
Posted Nov. 22.
BDA expands to Florida
BOULDER – Boulder Digital Arts
LLC has big plans to expand its training-program company to sites across
the nation, recently opening an office
in Sarasota, Florida.
Owners of the Boulder-based digital-arts program formed the Creative
Collective company within its walls to
handle expansion plans. Creative Collective partnered with a business incubator called HuB in Sarasota to open
the new HuBED office, according to
a press release. The name HuBED is a
combination of HuB, the existing incubator office, and “ED,” short for “education,” for the new training programs
offered through Creative Collective.
HuBED is billed as a “communitypowered resource center for people
who create things.” People involved in
film, photography, design, technology
and business all can benefit from the
program’s education, community and
collaboration, according to the HuBED
website (ed.hubsarasota.com).
A new Creative Collective office
in Eugene, Oregon, is expected to
open early next year, and other offices
are planned in Austin, Texas; Portland, Oregon; and Miami, said Bruce
Borowsky, who co-owns Boulder Digital Arts with Zach Daudert.
Posted Dec. 3.
intersection of Colorado Highway 52
and Interstate 25 in Weld County.
The center at 440 Oak St. in Frederick includes primary-care, cardiology and diagnostics departments.
Medical office space is on the second
floor. The building sits on a 70-acre
site that one day is expected to include
a hospital and a separate, stand-alone
emergency department.
A n open house is scheduled
for Sunday, Dec. 8, at the medical center. Doctors affiliated with
Milestone Medical Group, which
is affiliated with Longmont United
Hospital, and from Front Range
Orthopedics & Spine, with offices
in Lafayette, will practice from the
medical center, according to information on the Longmont United
Hospital website.
The medical center project was
announced in December 2010 as a joint
venture between Longmont United
Hospital and Poudre Valley Health
System in Fort Collins through an
entity called Carbon Valley Healthcare
Holdings Corp. Poudre Valley later
partnered with University of Colorado
Health, a system headed by University
of Colorado Hospital at the Anschutz
Medical Center campus in Aurora.
That partnership owns the land and
leases it to Longmont United Hospital.
H+L Architecture’s team in Denver managed the project. FransenPittman Construction Co. Inc. in
Denver was the general contractor.
Posted Dec. 3.
Vicky Oliver writes books on jobhunting and job-interview questions,
business etiquette, frugalista style,
advertising and office politics. She can
be reached at [email protected].
from 2A
September floods caused a delay in
releasing numbers for that month.
Boulder County’s unemployment
rate in October was 4.9 percent, down
a tick from 5 percent in September
and 5.1 percent in August. The county had 173,832 people employed and
8,896 looking for work in October.
The October unemployment rate was
down from 5.6 percent for the same
month a year ago.
Broomfield County’s rate in October was 5.7 percent, down from 5.9
percent in September and 6.0 percent
in August. The county had 30,260
people employed and 1,818 looking for work in October, with the
unemployment rate dropping a full
percentage point from October 2012.
Colorado’s unemployment rate
dropped 6.8 percent in October, the
lowest in nearly five years. Colorado
added 1,500 nonfarm payroll jobs
from September to October. Colorado’s rate was down from 7.7 percent
in October 2012.
Posted Nov. 22.
RoundPegg raises $2.8 million
BOULDER – Software company
RoundPegg Inc. announced completion of a $2.8 million round of funding. Lead investors were Access Venture Partners, Point B Capital and
Dundee Venture Capital, according
to a press release.
RoundPegg provides web-based
tools that help manage company culture, integrate acquired companies,
Fresh VC lets Revolv hire
BOULDER – Revolv Inc. closed
recently on a $4 million round of
funding led by The Foundry Group
and American Family Insurance.
The Boulder-based startup said in
a press release that the funds will be
used for product development and the
expansion of market distribution into
retail channels.
Revolv has 18 employees, and
spokeswoman Kathryn Kelly said the
latest infusion of funding will help
ramp that number up to about 30
over the next six months or so.
Revolv earlier this month began
shipping its Smart Home Solution
wireless hub that allows users to control their smart-home features like
thermostats, garage door openers and
entertainment systems with a single
app on their iPhones. The hub, app
and lifetime subscription to the service
cost $299, and can be purchased on
Revolv’s website and Amazon.com.
Posted Nov. 27.
Medical center opens
FREDERICK
–
The
36,000-square-foot Indian Peaks
Medical Center has opened near the
BOUL
D
ER
CO
UN
TY BUSINES
S REPORT
BOOK OF LI
STS 2013
B O O K of
L
2013I S T S
Effective Year-Round
Marketing Begins
with the
Book of Lists.
Serving Bould
er and Broomfi
eld Counties
Volume 32, Iss
ue 4 | Feb. 8-1
4
As a Colorado-based business that works
with other local companies here and
throughout the state, we find BCBR a vital
resource to stay on top of what’s happening
in our community. The Book of Lists is an
excellent summary of our hottest companies
and who is doing what. We congratulate all
of the companies that contribute to our local
economy and our families.
Len Koch
SVP, Team Leader Northwest
Commercial Group
Vectra Bank Colorado
We’re so proud to be a part of the Boulder
County community, and to serve all of
the people and businesses throughout
this region to ensure marketplace trust.
Thanks to BCBR for helping celebrate the
successes of local businesses each year in
the Book of Lists.
Su Hawk
President and CEO
Denver/Boulder BBB
Reserve Space in the
2014 Book of Lists.
Call 303-630-1945 or
email [email protected]

Building boom continues at CU

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