<B>By LAUREY LUMMUS</B> <FONT SIZE=-1><I>Staff Reporter</I></FONT> Pacer Systems Inc., based in Billerica, Md., and Infotec Development Inc.,based in Santa Ana, Calif., which also has a marketing office in ColoradoSprings, have announced a merger. The companies will now be known asPacer-Infotec Inc. and will join forces upon approval of their respectiveshareholders...
<B>By LAUREY LUMMUS</B> <FONT SIZE=-1><I>Staff Reporter</I></FONT> The first endoscopic ambulatory surgery center is under construction in ColoradoSprings. The center, which will be run by Gastroenterology Associates of ColoradoSprings LLP, has two physicians at the helm, Richard Folan, M.D., and SamuelIwata, M.D. The new center will be located at 1699 Medical Center...
<B>By LAUREY LUMMUS</B> <FONT SIZE=-1><I>Staff Reporter</I></FONT> Northgate, one of the largest master planned communities in the Springs,is back in private hands. Italian developer Filipo Pola, who owns 950 acres of the area's 1,500 acres,purchased the land for $4.2 million earlier this year from the ResolutionTrust Corp. The land had been in...
<B>By KAREN SUCHARSKI</B> <I><FONT SIZE=-1>Staff Reporter</FONT></I> Self-storage units have become more important recently as companies relocateto Colorado Springs and employees must store their worldly goods while theysearch for the perfect home. Danny Mientka, vice president of The Equity Group, an investment firm, hasfour storage projects between 10,020 square feet and 26,650...
<B>By LAUREY LUMMUS</B> <FONT SIZE=-1><I>Staff Reporter</I></FONT> Appliance Service Company, A Colorado Springs-based servicer of domesticand commercial appliances, is in the process of constructing a new building.The new site, which will be located at 3608 Betty Drive, is directly southwestof Austin Bluffs Parkway and Academy Boulevard. In 1984, owner Chip Reinhard purchased...
<B>By KAREN SUCHARSKI</B> <FONT SIZE=-1><I>Staff Reporter</I></FONT> Have you heard about a new company thatwill offer local and long-distance phone service and cable television inEl Paso County? You will. But it's not any of the telecommunications giants who are currently dukingit out with U S West over prices for leasing local phone...
<B>By KAREN SUCHARSKI</B> <I><FONT SIZE=-1>Staff Reporter</FONT></I> Kelly Johnson Boulevard's accessibility; its proximity to a booming retailarea, the Air Force Academy, and Interstate 25; and the availability of landsurrounding it are attracting a variety of users. First Pic Lodging LLC has purchased 3.21 acres at 1075 Kelly Johnson Blvd.for $390,000 to build...
<B>By LAUREY LUMMUS</B> <FONT SIZE=-1><I>Staff Reporter</I></FONT> A large chunk of commercial property, located at5825 Mark Dabbling Road, has been leased to the Quantum Corporation, furtherdepleting the inventory for companies seeking existing space. Quantum has signed a five-year lease to move into the former Texas Instrumentsbuilding, which has stood vacant since 1992....
<B>By LAUREY LUMMUS</B> <FONT SIZE=-1><I>Staff Reporter</I></FONT> The Edward Jones Co., a Wall Street investment firm, predicts the Wal-Martchain, which is already dominating the discount department store arena, ispoised to take on rivals for its grocery business as well. The Edward Jones Industry Report on retail says "Given the expected growthfor Wal-Mart...
<B>By KAREN SUCHARSKI</B> <FONT SIZE=-1><I>Staff Reporter</I></FONT> The owner of Colorado Laser Marking has branched out in the last year tofound Aspen Technologies, an integrated circuit assembly company. The two companies are currently side by side on Elkton Drive. But AspenTechnologies needs space to expand and will be moving to an 8,500-square-footfacility...
<B>By KAREN SUCHARSKI</B> <FONT SIZE=-1><I>Staff Reporter</I></FONT> Danny Mientka vice president of Equity Realty, an investment company, isthe managing partner for two partnerships that recently bought two strategicproperties. Both properties closed July 1; the first, at 908 N. Circle, waspurchased for $350,000, the second at 3730 Sinton Road, was purchased for$500,000. The...
Video Update, the fourth largest company in the video rental industry, is planning a move into Colorado that eventually will include the Springs' market. The publicly traded video giant &emdash; which owns, operates, and franchisesvideo rental superstores &emdash; has plans to build stores in the Denverarea, and, within the next...