volume 32 issue 26 | dec. 6-19, 2013 building boom ...€¦ · real estate .....24a sales smarts...

Serving Boulder & Broomfield CountiesBoulder County’s Business Journal

CONTENTS

Awards ........................................ 22ABCBRdaily ..................................... 2ABusiness Digest .......................... 22ACalendar ...................................... 23AEditorial ....................................... 26AEye ................................................ 3A

For the Record ............................ 20AMedical File ................................... 8AObservations ............................... 26AOn the Job .................................. 22AReal Estate .................................. 24ASales Smarts ................................. 6A

LISTSSoftware Companies .................. 10A Telecommunications Companies 11A

$1

Volume 32 Issue 26 | Dec. 6-19, 2013

TECHNOLOGYCool gadgets worthyof a holiday wish list

9A

Building boom continues at CUBY JOSHUA [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

vice chancellor for facilities manage-ment, 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 aver-age,” Thweatt said. “Even through

the recession, the campus has been as busy as it’s ever been in the past, which is really amazing. … Alterna-tive 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 construc-

tion 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

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 Con-ference & Forecast, held Nov. 21 at the University of Colorado-Boulder. See stories, 13A-19A.

Real estate outlookConference draws experts on area’s housing, commercial markets

BY BETH [email protected]

BOULDER – Two very differ-ent publicly traded local companies have seen success served up in rising share prices in recent years.

Restaurant chain Noodles & Co. Inc. and biopharmaceutical develop-er Clovis Oncology Inc. announced stock sales in early December, creat-ing 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 Man-agement 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 offi-cers at Broomfield-based Noodles

Stockholdersput Noodles,Clovis shareson sale block

➤ See Stockholders, 23A

Construction projects nourish campus, local economy

2A | Dec. 6-19, 2013 Boulder County Business Report | www.bcbr.com

CU grad students invest $30,000 in startup ElihuuEditor’s note: The following is a wrap-up 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.

BY BUSINESS REPORT [email protected]

BOULDER – Elihuu, a startup company whose slogan is “meet your manufacturer,” has met an investor – a group of University of Colorado-Boulder graduate students.

The students put $30,000 into Eli-huu, an online software platform that connects product designers with manu-facturers who can make their wares. The students-turned-venture capital-ists direct CU-Boulder’s Deming Cen-ter 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 man-age everything from scouting new companies to vetting business plans, negotiating the terms of agreements, making final decisions on invest-ments and supporting investees with ongoing resources and advice.

The $30,000 investment will go toward development and expansion

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.

Collective IP raises VCBOULDER – Collective IP Inc., a

company focused on buyers and sell-ers in the technology licensing mar-ket, received $2.5 million from High Country Venture LLC, investor David Cohen of Boulder and other unnamed investors.

Boulder-based Collective IP mar-kets its online search engine and relat-ed website platform to inventors, buy-ers and others in the estimated $100 billion technology licensing market.

The new funding will be used to build a new version of the website plat-form, based on feedback from users, Adam Rubenstein, founder and chief operating officer, said in a press state-ment. The search engine gives business development professionals access to technology listings from more than 1,000 sources including universities, research institutes, hospitals, govern-ment labs, foundations, associations, agencies and patent offices.

Posted Nov. 20.

CU raises $1.5 billionBOULDER – Private donors gave

more than $1.5 billion to the Univer-sity of Colorado’s four campuses dur-ing a seven-year fundraising campaign.

The University of Colorado received more than $1.521 billion from the Creating Futures fundrais-ing campaign, according to Univer-sity of Colorado president Bruce Benson. The University of Colorado-Boulder 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 Col-orado system receives 5.4 percent of its funding from public sources, McConnellogue said.

Of the total raised, $45 mil-lion went toward biotechnology research and building support at CU-Boulder, according to the press statement.Posted Nov. 22.

Area jobless rate dropsBOULDER – The unemployment

rates in Boulder and Broomfield coun-ties decreased for the fourth month in a row in October as Colorado record-

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

BCBR DAILY

May your Spirits be BrightGift Sets, Gift Cards, Beer of the Month

Club Certificates

May your Spirits be BrightMay your Spirits be BrightMay your Spirits be BrightMay your Spirits be Bright

➤ See BCBRdaily, 27A

BCBR Opinion PollOur online question:It’s the holiday season. How many days will you take off from work in December?

Take the BCBR Opinion Poll online at BCBR.com.

0 10 20 30 40 50 60 70 80 90 100

0-5 66%

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.

6-10 24%

11-15 8%

16-20 0%

21-25 0%

26-31 2%

Boulder County Business Report | www.bcbr.com Dec. 6-19, 2013 | 3A

BY JOSHUA LINDENSTEIN [email protected]

BOULDER – Noah Goldstein is looking to bring traditional Chi-nese medicine to the people with The Acupuncture Bus mobile clinic.

Goldstein, a licensed acupunc-turist 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 get-ting renovated in anticipation.The business model is straightfor-

ward. Goldstein, 28, plans to have a front office on the bus as well as a treatment area with two sepa-rate 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

Caterer awaits plan for flood-damaged building

Connect forslackers,Colorado?

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

Points of pride

BY JOSHUA [email protected]

BOULDER – David Rubin is anxious to see what the city of Boul-der decides to do with the flood-damaged 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 roll-ing 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 pub-lic 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 busi-ness 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 con-sultant to conduct architectural and engineering assessments of the building, assessing f lood mitiga-tion 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

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 con-sultant’s report, which is expected sometime in January.

In early 2010, the city worked on a master plan that included, in addi-tion 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-

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 – Progress-Now Colorado and Colorado Con-sumer Health Initiative – have launched a privately funded marketing push that mimics the classic “Got Milk?” cam-paign with a millennial-focused dose of absurd advertisements.

The campaign, with its tagline “Do You Got Insurance?” is meant to moti-vate young adults to purchase coverage from Connect for Health Colorado, the state’s insurance exchange.

“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.

➤ See Points, 4A

BCBR EYE

➤ See Caterer, 8A

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 GoldsteinOWNER,THE ACUPUNCTURE BUS

COURTESY DOYOUGOTINSURANCE.COM


Copyright 2013. BizWest Media LLC.Reproduction or use of editorial or graphic content without written permission is prohibited.The Boulder County Business Report (USPS 018-522, ISSN 1528-6320) 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.Periodical Postage Paid at Boulder, CO and at additional mailing offices.Subscriptions are $49.97. International subscriptions are $180.00.

POSTMASTER; Send change of address notices to:The Boulder County Business Report, P.O. Box 270810, Fort Collins, CO 80527.(303) 440-4950 Fax: (303) 440-8954 E-mail:[email protected] Web: www.BCBR.com

Volume 32 : Issue 26Dec. 6-19, 2013

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Freeman Myre adds residential divisionBY JOSHUA [email protected]

BOULDER — Local commer-cial 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 Loveland-based Key Realty Group LLC for five years before closing that busi-ness, joined Freeman Myre a month ago to manage the residential opera-tions. Before entering the real estate industry seven years ago, the South African native worked in the avia-tion industry.

“I’ve known (Freeman Myre owner and managing broker Andrew Freeman) a couple years,” Seymour said. “With his connec-tions and professionalism and the way he operates his business, he and the other partners here are very well known and very knowl-edgeable in the real estate indus-try. 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 com-pany. But Freeman said another big source for the residential business will be the commercial connec-tions, as the company now will be able to assist commercial clients with employees’ relocation needs.

Particularly with the strength of

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 stay-ing 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 five-person 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.”

POINTS 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 acupunc-ture more affordable and accessible, while also creating more awareness

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, Tennes-see, 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 vol-unteer 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 f lew to Seattle last

week and purchased his RV for $12,500. He’s working with a con-tractor 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 one-man 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 acupunc-ture,” he said of the entrepreneurial aspect.

Goldstein said he’s hoping even-tually 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.


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Plans set for neighborhood in North BoulderBY JOSHUA [email protected]

BOULDER — Allison Manage-ment 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 Com-munities 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 exten-sion of 10th Street is planned to bor-der the neighborhood on the east.

Allison Management and Thistle are under contract to buy the county-owned 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 mainte-nance 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 docu-ment review and permitting processes.

“It’s a great site,” Allison said. “There’s just not a lot of these parcels left in Boulder. It’s a unique opportu-nity 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 base-ments, with Coburn Development doing the design. A pathway would run east-west through the neighbor-hood, 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 lean-ing toward making six of the homes comply with Boulder’s affordable-housing program rather than building other affordable units offsite or paying cash in lieu.

Allison said he anticipates build-out 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

$400,000 to $700,000 homes.”The neighborhood is the fourth

development in which Allison Man-agement has partnered with Thistle, a nonprofit geared toward providing per-manently affordable homes for families, seniors and people with disabilities.

Both companies, Allison said, have had a common focus on mid-range 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.

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.


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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 presenta-tion. At Sandler, we train our clients to avoid making a presentation, pro-posal or quote without a prior com-mitment from the prospect to make a “no” or “yes” decision at the end of the presentation.

Two valuables a salesperson pos-sesses 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 pre-sentation, 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 rea-sons 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 sys-

tem for buying, which largely involves gather-ing the most information while making the fewest com-mitments.

To put your prospect at ease and get a deci-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 – rath-er 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

questions and holding them account-able for the commitments they made earlier in the sales dialogue.

Observe your prospect’s physiol-ogy and tone. Prospects aren’t used to making commitments to sales-people. 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 presenta-tion. Here again, the traditional sales-person, uncomfortable with the natu-ral 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 direct-ly 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 pre-sentation. Instead of assuming which issue is most important to your pros-pect, ask them to drive your presenta-tion, which gets them more emotion-ally 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 pros-pect 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 char-acteristic to differentiate you from your competition: the lowest price.

Stop wasting your time and infor-mation 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].

Asking for commitment not a hard-sell tactic

SALES SMARTSBob Bolak

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.


Call for NominationsCall for NominationsCall for Nominations Inductee and Alumni Reception

(open only to inductees, alumni and sponsors)March 19, 2014

Induction Luncheon

April 23, 2014 11:30-1:30 p.m.

Plaza Conference Center1850 Industrial Circle, Longmont, CO 80501

1 Hall of Fame

of

16th Annual Boulder County BusinessHALL FAME´´´´

Class of 2008Top row: Joan Brett and David Wyatt.

Second row: Harlow C. Platts, John Fenstermaker, Peter D. Behrendt.

Third row: Edwin Kanemoto.

100 C 50 M 100 K

April 25 - May 8, 2008 SECTION B

COURTESY THE CAMERA

HALL FAME1B - HOF

of17th Annual Boulder County Business

HALL FAME´´´´

Class of 2009Top row: Jeff Schott, Jerry Lewis and

Richard Herring.Second row: Lou DellaCava,

Jay Elowsky, William Boettcher.

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100 C 50 M 100 K

May 1 - 14, 2009

SECTION B

rry Lewis and

Second row: Lou DellaCava,

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May 1 - 14, 2009

The Boulder County Business Hall of Fame recognizes outstanding business leaders from the present and past. Inductees honored have been instrumental, through business-related e�orts, in providing direction, energy and support to the shaping of Boulder County since its inception.

The Boulder County Business Hall of Fame is a nonpro�t 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.

Submit nominations for the2014 class at www.hallo�amebiz.com

Contact Chris Wood at 303-630-1942 or [email protected], for nomination or sponsorship information.

17th Annual Boulder County Business

HALL FAME

Ball imager set to ride NASA weather satelliteBUSINESS REPORT [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 multi-channel, conical-scanning, microwave radiometer that is part of an interna-tional 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 next-generation 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 moni-toring 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 capabili-ties 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 Tech-nology business unit.

Roughly 10 1/2 feet tall, the GMI instrument is a powerhouse of radi-ometry. 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 suc-cess because it provides temporal sampling of rainfall accumulations and more frequent and higher-qual-ity data collection than currently available. With less than 2 percent of the Earth’s total water volume being potable, the scientific com-munity has long been committed to acquiring more precise and complete precipitation information.

GMI, along with Japan’s Dual-frequency Precipitation Radar, will make radiometric and radar measure-ments of precipitation around the world and will provide the compre-

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.

Instrument to be launched from Japan in 2014

➤ See NASA, 22A


BCH, Cigna try ‘pay for value’ to cut costsYou may have noticed that

many hospitals and health-care 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 spokes-woman. Vroom declined to give financial details of the collaboration.

Cigna plans to pay doctors a set amount every month for each mem-ber 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 Organiza-tions 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

money on Medicare patient treat-ment.

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 hospitalsWe also want

to give Boulder Community Hospital a shout-out for receiving an “A” grade in a recent national safety survey by The Leapfrog Group, a self-described inde-pendent industry

watchdog.The rating indicates how well

hospitals protect patients from acci-dents, errors, injuries and infections, according to Washington, D.C.-based Leapfrog, which was created in 1998 by member employer hospi-tals 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 Hospi-tal does not plan to pay to license the logo or to advertise the score, according to Rich Sheehan, a hospi-tal spokesman.

The rating uses 28 measures of

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 rat-ings. 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 differ-ent ways, creating results that “can be inconsistent and therefore confus-ing 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 insulinBiopharmaceutical research com-

pany AmideBio LLC has named a biotech veteran to its business advi-sory 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 state-ment.

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 Bristol-Myers Squibb (NYSE: BMY) in 2012 for an estimated $5.3 billion.

AmideBio hopes to use Brad-bury’s expertise to help build its own research as well as to “cultivate new relationships with pharma partners,” said Misha Plam, the com-pany’s president and chief executive.

Beth Potter can be reached at 303-630-1944 or [email protected].

MEDICAL FILEBeth Potter

CATERER 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 sce-narios likely would be discussed as a point of comparison.

“It will certainly drive the discus-sion (of whether to rebuild) one way or the other,” Kincannon said of the flood damage.

The building had about two inch-es of floodwater inside, Rubin said, damaging flooring and walls and causing some mold issues. Rubin and Bruckner originally began work-ing right away to rip out flood-dam-aged 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, Kin-cannon and Guthrie said, it probably

would seek out a public-private partnership, potentially with Rubin and Bruckner, who have talked to the city in past years about rebuild-ing at the site.

“We hope we have first right of refusal on what happens there next,” said Rubin, whose 25-year-old com-pany 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 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.

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 remain-ing portions of the business run-ning 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, pos-sibly, 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.”

CIGNA PLANS TO PAY DOCTORS

a set amount every month for each member insurance

patient – as long as the patients don’t use services.

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.

Dec 6-19, 2013 | 9A

TECHNOLOGY10A | Software Companies

11A |Telecommunications Companies

BOULDER COUNTY BUSINESS REPORT WWW.BCBR.COM

WATER BLASTERWhat’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

GADGETSGizmos worthy of being on a holiday wish list

FUTORO CUBELike Rubik’s reinvented for

Generation Y, the Futuro Cube uses 54 multi-color LEDs and 4-channel audio for a puzzle-

making experience that can involve touch, shaking or speech

to create the pocket-sized fun. Price: $99

BLADEPADStylish 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

HD CAMERA GOGGLE: Zeal 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

FABRIC KEYBOARDLogitech’s amazingly thin, light Bluetooth Fabric-skin Keyboard has wipe-clean keys that magically vanish into the inner fabric. The keyboard is com-fortable 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

OCTOPODBreffo’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

on a holiday wish list4-channel audio for a puzzle-

making experience that can involve touch, shaking or speech

to create the pocket-sized fun. Price: $99

BLADEPADStylish 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

ACTIVITY MONITORWhistle’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


SOFTWARE COMPANIES(Companies in Boulder and Broomfield counties ranked by revenue.*)

BUSINESSREPORTLIST SOFTWARE COMPANIES

(Companies in Boulder and Broomfield counties ranked by revenue.*)

RANK Company2012 Earnings2011 Earnings

Local employeesWorldwide employees Products/Services Person in charge

1 IBM CORP.6300 Diagonal HighwayBoulder, CO 80302303-924-6300

$104,507,000,000$106,900,000,000

3,400N/A

Computer software, hardware and services. Pete Lorenzensenior state executive

2 MENTOR GRAPHICS CORP.1811 Pike Road, Building 2, Suite FLongmont, CO 80501720-494-1000/720-494-0457

$1,900,000,000$1,100,000,000

10355,000

Electronic design automation software and consulting services for engineers designingintegrated circuits and printed circuit boards.

Gregory K. Hinckleypresident, COO

3 RETURN PATH INC.8001 Arista Place, Suite 300Broomfield, CO 80021303-999-3100/303-999-3101

$57,000,000$45,000,000

275N/A

Global email intelligence innovation that includes competitive benchmarking anddeliverability insight, security and anti-phishing solutions, and marketing/response

consultation.

Matt BlumbergCEO/chairman/founder

4 PS TECHNOLOGY INC.4801 N. 63rd St., Suite 200Boulder, CO 80301303-527-2100/303-527-2001

$16,172,000$15,380,000

4366

Workforce scheduling, crew management and timekeeping software, RCO and Locomotivesimulation software, Yard Operation software.

Edward Williamspresident

5 GORILLA LOGIC INC.1500 Pearl St., Suite 300Boulder, CO 80302303-974-7088/303-484-3466

$10,439,000$9,010,000

61N/A

Custom application development services on the ground and in the cloud as well as testingservices.

Stu SternCEO/president

6 ENLASO CORP.4888 Pearl East Circle, Suite 300EBoulder, CO 80301-3339303-516-0857/303-516-1701

$6,300,000$6,000,000

2030

Documentation translation, software and website localization, interpretation services,localization consulting and training services.

Yves Langvice president sales and marketing

7 SHIPCOMPLIANT1877 Broadway, Suite 703Boulder, CO 80302303-449-5285/720-528-7942

$5,447,100$4,187,600

3737

Compliance and reporting automation software and market enabling solutions for the wineand spirits industry.

Jason EckenrothCEO/founder

8 OPTTEK SYSTEMS INC.2241 17th St.Boulder, CO 80302303-447-3255/303-447-3886

$3,500,000$3,000,000

2020

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. KellyCEO

9 VISIONLINK INC.3101 Iris Ave., Suite 240Boulder, CO 80301303-402-0170/303-402-0169

$3,317,295$3,021,018

3234

Offers web-based software for social services, disaster management, homelessmanagement (HMIS), information and referral (2-1-1/ I&R), elder care and educational

sectors.

W. Douglas ZimmermanCEO/president

10 BOULDER IMAGING INC.1500 Cherry St., Suite CLouisville, CO 80027303-604-2368/720-890-7731

$3,300,000$4,500,000

22N/A

Vision inspection solutions for precision applications. Our intelligent, learning-basedtechnology transforms the manufacturing quality assurance process by driving downoperating costs, reducing risk and improving quality with unprecedented speed and

accuracy. Specialties include surface inspection, meteorology and high=performance digitalvideo recording.

Carlos JorqueraCEO

Don Millspresident, COO

11 CRMCULTURE LLC1455 Dixon Ave., Suite 300Lafayette, CO 80026303-875-7163

$3,028,620$1,753,301

206

Salesforce.com partner and innovative CRM software and consulting services provider.Specializing in Marketing Automation, Business Intelligence, CRM Implementation, Training

and Rescue.

Steve RochCEO/president

12 ALSO ENERGY INC.3360 Mitchell LaneBoulder, CO 80301866-303-5668

$3,000,000$1,500,000

1215

From panel to portfolio, AlsoEnergy provides the most robust energy monitoring and assetmanagement solutions for renewable energy financiers, developers, EPCs and inverter

manufacturers.

Holden CaineCTO

Robert J. SchaeferCEO

13 ISONAS INC.4720 Walnut St., Suite 200Boulder, CO 80301303-567-6516/303-567-6991

$2,527,773$1,891,315

1616

Software and hardware for Pure IP access control in physical environments. Rob MossmanCEO

14 NEOMEDIA TECHNOLOGIES INC.100 W. Arapahoe Ave., Suite 9Boulder, CO 80302303-546-7946/636-648-9922

$2,300,000$2,270,000

420

QR and mobile barcode technology and infrastructure solutions that enable the mobilebarcode ecosystem worldwide.

Laura MarriottCEO

15 IMULUS LLC3005 Sterling Circle, Suite 201Boulder, CO 80301303-247-0550/303-247-0084

$1,483,997$1,383,317

17N/A

Interactive design and .Net, iOS, and Rails application development. Scott HootenGeorge MorrisJohn Skufcaco-owners

16 BOULDER LABS INC.7105 La Vista PlaceNiwot, CO 80503303-652-0725

$1,300,000$1,300,000

9N/A

Software for inventors, entrepreneurs and scientists. Robert Graypresident

17 INTELLIPROP INC.105 S. Sunset St., Suite NLongmont, CO 80501303-774-0535/303-774-0535

$1,000,000$1,000,000

10N/A

Provider of SATA, SAS and RAID-based IP cores, bridges, port multipliers. ASIC and FPGAcustomized designs. Provider of SSD chip.

Ami Patelgeneral manager

18 SECOND PHASE250 Arapahoe Ave., Suite 208Boulder, CO 80302303-582-9326/303-582-9326

$500,000$400,000

N/AN/A

Web-development services; XML-based data integration, JSP based eCommerce, intelligentsearch tools and drill downs for dynamic attributes. Focused on the distribution sector.

Mark Kostovnypresident

19 BAREFOOT PRODUCTIONS INC.1101 W. Enclave CircleLouisville, CO 80027-2900303-665-7843/303-665-8234

$250,000$210,000

11

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 Metzlerpresident

20 DD94725 16th St., No. 104Boulder, CO 80304303-417-6369/303-417-6313

$225,000$175,000

24

Website 2.0 design, application development, systems integration, database development.Ruby on Rails, PHP/MySQL, high-level WordPress.

Todd G. Dumaspresident, creative director

21 WEBROOT INC.385 Interlocken Crescent, Suite 800Broomfield, CO 80021303-442-3813/303-442-3846

N/AN/A

200350

Internet security solutions for consumers, SMBs and enterprises. Dick WilliamsCEO

22 FLATIRONS SOLUTIONS500 Discovery Parkway, Suite 200Superior, CO 80027303-627-6535/303-666-6711

N/AN/A

120380

Content management consulting and software. Geoffrey GodetCEO/president

23 CARDINAL PEAK LLC1380 Forest Park Circle, Suite 202Lafayette, CO 80026303-665-3962

N/AN/A

55N/A

Hardware and software development for embedded devices and mobile and set-topapplications.

Howdy PierceMike Perkins

managing partners

24 PARASCRIPT LLC6273 Monarch Park PlaceNiwot, CO 80503303-381-3100/303-381-3101

N/AN/A

5090

Image analysis suite extracts information from images. Bill PearlmanCEO

25 TRAININGPEAKS7007 Winchester CircleBoulder, CO 80301720-406-1839

N/AN/A

48N/A

Training and nutrition software for endurance coaches and athletes. Dirk FrielGear Fisherco-founders

*Second ranking criterion is number of employees.

Researched by Mariah Tauer

Source: Business Report Survey


TELECOMMUNICATIONS COMPANIES(Companies in Boulder and Broomfield counties ranked by number of employees.)

BUSINESSREPORTLIST TELECOMMUNICATIONS COMPANIES

(Companies in Boulder and Broomfield counties ranked by number of employees.)

RANK Company

Local employeesWorldwideemployees Products/Services

PhoneWebsite

HeadquartersPerson in charge

Year founded

1 LEVEL 3 COMMUNICATIONS INC.1025 Eldorado Blvd.Broomfield, CO 80021

2,50010,000

Global provider of telecommunication services. 720-888-2750www.level3.com

Broomfield

Jeffrey K. StoreyCEO/president

1998

2 QUALCOMM INC.6180 Spine RoadBoulder, CO 80301

50030,000

Research and development of digital wireless communications, including mobile, satellite and cellular. 303-247-6000www.qualcomm.comSan Diego, California

Donna Angeldirector, facilities and

administration1985

3 ZAYO GROUP LLC1805 29th St.Louisville, CO 80301

3501,300

Provides bandwidth infrastructure services over regional and metropolitan fiber networks, enabling customersto transport data, voice, video and Internet traffic.

303-381-4683www.zayo.com

Louisville

Dan CarusoCEO, president

2007

4 ADVANCED THIN FILMS LLC5733 Central Ave.Boulder, CO 80301

7575

Precision optical components and ion beam sputtered coatings for applications in scientific research, defense,aerospace, telecommunications and laser and semiconductor manufacturing.

303-815-1545www.atf-ppc.com

Boulder

Joe Stupfelgeneral manager

1992

5 CONNECT FIRST INC.3101 Iris, Suite 200Boulder, CO 80301

3842

Connect First platform is suited for inbound, outbound and blended contact centers serving a range ofindustries.

866-929-1390www.connectfirst.com

Boulder

Geoffrey MinaCEO2005

6 SOURCE COMMUNICATIONS INC.2260 Industrial LaneBroomfield, CO 80020

26N/A

National installations of voice, data, security and sound systems including Bose and Bogen for large commercialbusinesses. Belden, Corning and Panduit certified installation partners.

303-466-8925www.source-communications.com

Broomfield

Jeff Ditgespresident

1987

7 PEI5435 Airport Blvd., Suite 106Boulder, CO 80301

22N/A

Microsoft Lync and Cisco Unified Communications, Polycom video conferencing, virtualization technologies, ITnetwork infrastructure services.

303-786-7474www.pei.com

Boulder

Tim Kruegerpresident

1988

8 CERES TECHNOLOGY GROUP INC.2985 Sterling Court, Suite ABoulder, CO 80301

20N/A

Mitel Exclusive Business Partner specializing in VoIP phone solutions, digitial phone solutions, hospitalitysolutions and telephony systems.

303-440-6963www.cerestech.com

Boulder

Lloyd Bradypresident

Darrin LeBlancowner1993

9 AEROSOLUTIONS LLC5500 Flatiron Parkway, Suite 100Boulder, CO 80301

1723

Custom design-build services for telecommunications industry tower owners. 720-304-6882www.aerosolutionsllc.com

Boulder

James D. LockwoodCEO2004

10 DRAGON CONSULTING INC.2355 Canyon Blvd., Suite 202Boulder, CO 80302

13N/A

Custom business software for collecting data including the wireless telecommunications industry. 303-284-0471www.dragondev.com

Boulder

Keith DragonCEO/president

2000

11 FORETHOUGHT.NET2347 Curtis St.Denver, CO 80205

1234

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.

303-815-1000www.forethought.net

Denver

Jawaid Bazyarpresident

1995

12 INTELLIPROP INC.105 S. Sunset St., Suite NLongmont, CO 80501

1010

Provider of SATA, SAS and RAID-based IP cores, bridges, port multipliers. ASIC and FPGA customized designs.Provider of SSD chip.

303-774-0535www.intelliprop.com

Longmont

Ami Patelgeneral manager

1999

13 CONVERGENCE SOLUTIONS INC.421 21st Ave., Suite 2Longmont, CO 80501

99

Specializes in Toshiba and Avaya communications systems (VoIP), surveillance systems, Lifesize videoconferencing systems, Aruba wireless networking and structured cabling.

303-772-4300www.wifipros.com

Longmont

Steve Soltonpresident

1999

14 RADISH SYSTEMS LLC2525 Arapahoe Ave., Suite E4-604Boulder, CO 80302

811

A cloud-based software-as-a-service solution, ChoiceView helps businesses share visuals in-call with mobileusers to transform dreaded interactive voice response systems into Visual IVRs and enhance agent transactions.

720-440-7560www.radishsystems.com

Boulder

Theresa M. Szczurekco-founder

Richard A. Davisco-founder

2009

15 EVOLVE TECHNOLOGIES LLC250 Arapahoe Ave., Suite 102Boulder, CO 80302

710

ShoreTel, Extreme Networks, Enterasys Networks, Aruba Networks, Juniper Networks, LifeSize VidConferencing, Microsoft partner. Local:XO, Level3, TW Telecom, Cbeyond, Integra, Windstream Century Link

303-543-0470www.evolvewithus.com

Boulder

Doug Hansonpresident

1995

16 ROCKY MOUNTAIN SYSTEMS INC.1725 Vista View Drive, Suite ALongmont, CO 80504

77

ESI, Avaya, Vodavi, mountain phone service. Networking, servers, Cat6 cabling, fiber optic installation andtesting, VOIP phone service.

303-772-2881www.mountainphone.com

Longmont

Jeffrey T. Korringapresident

1989

17 ROCKYNET INC.382 S. Arthur Ave.Louisville, CO 80027

6N/A

SSAE-16, HIPAA and PCI Data Center specializing in colocation, managed servers and virtual cloud machines. 303-444-7052www.rockynet.com

Louisville

Paul MakoCEO/president

1996

18 EARTHNET INC.4735 Walnut St., Suite FBoulder, CO 80301

5N/A

SSAE 16 Type II/SOC1/HIPPA compliant data center, e-commerce consulting, cloud services, systemsadministration and managed services, moe provider, rack space, co-location, in+outside managed services

303-546-6362www.earthnet.net

Boulder

Bahman SalessCEO1994

19 PRECISION FIBEROPTICS INC.3042 Stevens Circle S.Erie, CO 80516

5N/A

Communications cabling for data, voice and fiber optics. 303-661-0977www.precisionfiberoptics.com

Erie

Steven R. Gageowner1993

20 DIGITAL SOLAR TECHNOLOGIES5775 Arapahoe Ave.Boulder, CO 80303

4N/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.

303-442-6553www.digitalsolar.com

Boulder, Colorado

Dan Pringlepresident

Ken Terminoperations manager

1986

21 BOULDER PHONE INC.2805 Wilderness Place, Suite 1200Boulder, CO 80301

3N/A

Ericsson-LG VoIP & digital business telephone systems for 5-500 employees; commercial voice, data, & videocabling, infrastructure; and carrier services of Century Link, Comcast, Integra, & Windstream

303-442-5500www.boulderphone.com

Boulder

David McIntoshpresident

1986

22 BLUIP INC.1880 Industrial Circle, Suite DLongmont, CO 80501

317

BroadSoft hosted VoIP, cloud-based unified messaging, broadband solutions. Co-location data center. 303-500-1104www.bluip.comLas Vegas, NV

Joe Yandrofskivice president, national

accounts2010

23 ACT COMMUNICATION TECHNOLOGY1726 Gay St.Longmont, CO 80501

N/AN/A

Computer networking and security, telephone systems, voice and data connectivity, cabling, wireless. 303-772-2622www.actcomtech.com

Longmont

Chip Titchenal2003

24 INTUICOM INC.4900 Nautilus Court N., Suite 100Boulder, CO 80301

N/AN/A

Designs and manufactures industrial wireless data solutions that enable and enhance automation, intelligenttransportation, and precision GPS applications.

303-449-4330www.intuicom.com

Boulder

Tom FoleyCEO/president

1999

25 LEWAN & ASSOCIATES INC.4900 Pearl East Circle, Suite 100Boulder, CO 80301

N/AN/A

IT consulting, IP networks and phone systems, videoconferencing, SAN storage, backup solutions, businesscomputing, professional services.

303-541-2824www.lewan.com

Denver

Frank Narumbranch manager

1972

N/A: Not available.

Researched by Mariah Tauer

Source: Business Report Survey


BUILDING from 1A

of the MacAllister building on East Campus. The Sustainability, Ener-gy and Environment Complex, as that project is called, is set to break ground this month, upgrading the 289,000-square-foot MacAllis-ter 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 exist-ing 235,242-square-foot space while also gaining a 69,199-square-foot addition that will double weight training space and add a multi-activ-ity 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 expec-tations 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 elec-tricity to power all of CU-Boulder if needed, although Xcel Energy Inc. is the primary power supplier to cam-pus.

“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 boom-ing 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 Ave-nue, a medical clinic to support the University Hospital System that could break ground in spring, according to Thweatt.

Originally a research park, Thwe-att said East Campus has the capac-ity 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.

N.Y. Times: NSA tapped into Level 3’s cablesBY DOUG [email protected]

BROOMFIELD — The National Security Agency was able to eaves-drop 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 Perl-roth 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 fiber-optic cables that connect data centers around the world that are owned by companies like Verizon Communica-tions, 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 com-panies’ knowledge,” the Times article continued, “But both companies, in response to concerns over those vul-nerabilities, 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 gov-ernment 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.

Under construction at CUConstruction projects under way at various University of Colorado sites in Boulder. Information courtesy of Steven Thweatt, assistant vice chancellor for facilities management.

Recreation center upgradeWhat: 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 systemWhat: 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.Cost: $91.1 million.Funding: Bonded and paid for through the auxiliary utility cost structure by which campus users pay for services.Expected completion: Spring 2015.

Ekeley Sciences Middle WingWhat: Renovation of 21,660 square feet to modernize undergraduate teaching labs for chemistry. Cost: $15.6 million.Funding: University cash reserves.Expected completion: Ready for fall 2014.

Baker HallWhat: Renovation of 114,534-square-foot residence hall built in 1937.Cost: $41.3 million.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.Expected completion: Spring 2015.

Campus data centerWhat: 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.Cost: $11.8 million.Funding: University cash reserves.Expected completion: First $3 million phase to be completed by summer 2014.

Cristol ChemistryWhat: 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.Funding: University cash reserves.Expected completion: 2014.

Source: Steven Thweatt, assistant vice chancellor for facilities management

Business Hall of Fame seeking nominationsBY BUSINESS REPORT [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 ceremo-ny April 23 at the Plaza Convention Center in Longmont, home of the

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 Insur-ance; Mark Retzloff, Alfalfa’s; Linda Cain, Cain Travel; Scott Nix, Nix-cavating; Jirka Rysavy, Gaiam Inc.; and Court Dixon, Kinsley & Co. The Hover Family – Charles, Katherine

and Beatrice – was inducted posthu-mously.

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 nomina-tion is Tuesday, Dec. 31.

To become a sponsor of the 2014 Boulder County Business Hall of Fame program, contact Chris Wood at 303-630-1942, email [email protected], or Kevin Loewen at 303-630-1945, email [email protected].


Wells Fargo exec talks rates, regs, home buyingBY DOUG [email protected]

BOULDER – Home-loan inter-est rates will rise, new federal regu-lations will require more of mort-gage lenders, and the demand for housing will increase in the coming year, according to Brad Blackwell with Wells Fargo Bank.

Blackwell delivered his predic-tions in his keynote address, “The National Picture: Residential Mar-kets 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 per-cent range for a 30-year fixed home

loan, will increase to 4.5 percent next year, if the federal govern-ment begins to taper its purchase of mortgage-backed securities. The feds have been buying $40 bil-lion 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 inde-pendent 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 spon-sored 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 conform-ing loan limits from $417,000 to $400,000.

Blackwell predicted that the housing market will continue to become stronger because more buy-ers are becoming financially able to buy that next home¸ and more first-time buyers are becoming finan-cially 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 confi-dence to move will gain confidence as real estate values increase.

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 Con-ference & Forecast that the demand for housing will increase in 2014.

Boulder commercial market called unique, strongBY BETH [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, mak-ing 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 Gibbons-White 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 interest-ing wrinkle in the regional mar-ket, 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 sur-rounded 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

the market need to be patient, Gib-bons said. About 50 percent of the real estate transactions in which Gib-bons 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 con-dominium structure – is very pop-ular 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 compa-nies, 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 per-cent 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 pos-sible 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.

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.

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Apartment construction booming in BroomfieldBY JOSHUA [email protected]

BOULDER – As things stand, Broomfield has a mix of about 15,000 single-family homes and 8,000 multi-family residential units.

That dynamic will look a lot dif-ferent when the city is finally done growing.

“What we’re seeing at build-out is something closer to 20,000 single-family 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 Con-ference & 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 hous-ing 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

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

Boulder and Broomfield counties as local communities grow together. Next door to Broomfield in Lafayette, community development director

Phillip Patterson said there are no Broomfield-scale plans in the works for multifamily housing. But in the

JONATHAN CASTNER

Phillip Patterson, community development director for the city of Lafayette, talks about that city’s growth as part of the “Break-ing Ground” panel at the Boulder Valley Real Estate Conference & Forecast on Nov. 21 at the University of Colorado-Boulder.


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Home-building revival under way across areaBY BETH [email protected]

BOULDER — Builders are put-ting 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 Confer-ence & 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.

Boulder Creek Neighborhoods is building homes for empty nesters and early retirees after quickly sell-ing 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 Neigh-borhoods, 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 mar-ket 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 develop-ing 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 rang-ing from 1,900 to 3,200 square feet are expected to sell for $300,000 to $550,000, said Robyn Asbury, direc-tor 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 per-cent of Richmond’s new-home sales, Asbury said.

JONATHAN CASTNER

Paul Gortzig, director of sales at Louisville-based Boulder Creek Neighborhoods, outlines plans for new homes in developments in southern Boulder County.



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Uninsured still may have legal flood claimBY BETH [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 “Disas-ter 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

buyers to make sure flood damage and subsequent cleanup is document-ed correctly on property sales, said Melanie Nygren, branch manager of Premier Mortgage’s Boulder office.

Nygren suggested that a variety of federal Small Business Administra-tion loans are available to homeown-ers 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 appre-ciation 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

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 con-tinue 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 respon-sible 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 cre-ated 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.

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 Alter-mat, a broker at Re/Max of Boulder, looks on.




Low inventory concerns residential RealtorsBY JOSHUA [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 Uni-versity 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 num-ber 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 inven-tory “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

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 communi-ties 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 con-tinuing to see improvements as rents soar and vacancies evaporate in down-town Boulder.

“Overall we expect the market to continue its improvement, remain robust and make steady gains in 2014,” Boston said.

The projected strength in occu-pancy and rental rates in downtown Boulder is in spite of new projects on

the way such as the major redevelop-ment 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 per-cent. 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.

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.

vision for downtown Lafayette, den-sity 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 proj-ect 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 apart-ments come from a variety of places, but mostly from outside communi-ties, 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 sustainabil-ity, was about all of the commercial

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

streets to the Golden Buff Lodge site to 30th and Pearl to Baseline Zero in south Boulder.

The 30th and Pearl area, in par-ticular, is undergoing massive trans-formation. 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 Junc-tion 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 improv-ing 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 eco-nomic development, said residential development is coming back in a big way, particularly in the northeast and southwest parts of town, and down-town is getting renewed revitalization.

But Power said the city has suf-fered $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 spend-ing 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 outstand-ing projects and things that need to be fixed,” Power said.

In Louisville, economic develop-ment director Aaron DeJong said the city will begin looking in earnest at a small area plan for the Centennial Val-ley/McCaslin Boulevard area in spring as it wraps up its small area plan for the South Boulder Road corridor.

“There are always cycles to devel-opment and infrastructure,” DeJong said, “and so we want to be ahead of the game and proactive as far as what is happening there.”

BOOMING from 14A

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.


5,000 engaged in Boulder civic center visionBY DOUG [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. Ear-lier 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 munic-ipal 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 mul-tipurpose municipal building, per-forming arts center and a conference center. He mentioned Millennium

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-

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 avail-able 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 Cen-ter, 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 chan-cellor for facilities management at the University of Colorado-Boulder, gave a rundown of about 15 construction projects under way on the five cam-puses in Boulder. The projects include renovations to existing classroom buildings, housing and utilities. They represent more than $200 million in construction costs.

JONATHAN CASTNER

City of Boulder senior urban designer Sam Asseffa describes the concept for the Boul-der Civic Area on Nov. 21 at the Boulder Valley Real Estate Conference & Forecast.

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FOR THE RECORD

Source: SKLD Information Services

BankruptciesApplications 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. Chap-ter 13 indicates filings that enable petitioners to pay off their creditors over three to five years.

ForeclosuresIncludes notices of election and demand filed by credi-tors alleging default on a debt. Foreclosures are not final until a Public Trustee’s Deed has been issued.

State Tax LiensJudgments filed against assets of individuals or businesses with delinquent taxes.

JudgmentsJudgments constitute deci-sions by a court of law against an individual or corporation for payment of monetary damages.

Warranty DeedsTransfers property while guaranteeing a clear title free of any encumbrances that are not listed on the deed.

BANKRUPTCIES

Boulder CountyChapter 7MARGARET ANN PETERSON, 202 SKYLARK CIRCLE, BOULDER; CASE #2013-28458, DATE FILED: 11/6/2013

BONNI SUE RADERMAN, PO BOX 64, JAMESTOWN; CASE #2013-28470, DATE FILED: 11/6/2013

LESTER LEE NEWLAND, 5000 BUTTE #90, BOULDER; CASE #2013-28472, DATE FILED: 11/6/2013

GERARDO LEONEL SIFUENTES, 826 ATWOOD ST, LONGMONT; CASE #2013-28596, DATE FILED: 11/8/2013

ANDREA ECKHARDT, 11115 DOBBINS RUN, LAFAYETTE; CASE #2013-28623, DATE FILED: 11/8/2013

CAROL CLAVIEN, 510 EAST SIMPSON STREET, LAFAYETTE; CASE #2013-28700, DATE FILED: 11/9/2013

APRIL MARIE FLETCHER, 2727 NELSON ROAD, LONGMONT; CASE #2013-28749, DATE FILED: 11/12/2013

MIGUEL E GURROLA PUENTES, 122 SAINT CLAIR, LONGMONT; CASE #2013-28750, DATE FILED: 11/12/2013

FRANK THEODORE CALVO, 599 LONDON AVENUE, LAFAYETTE; CASE #2013-28769, DATE FILED: 11/12/2013

GREGORY JOHN JACKA, 4475 BROADWAY, BOULDER; CASE #2013-28770, DATE FILED: 11/12/2013

ANTHONY MATEO SOTO, 1095 ATLANTIS AVENUE, LAFAYETTE; CASE #2013-28786, DATE FILED: 11/12/2013

KEDRICK RENYA MCDUFFIE, 2855 ROCK CREEK CIRCLE, LOUISVILLE; CASE #2013-28804, DATE FILED: 11/13/2013

JAMES WALTER LOW, 1997 LODGEPOLE DR, ERIE; CASE #2013-28846, DATE FILED: 11/13/2013

ELLORA CHRISTINE CURTIS, 1464 LASHLEY, LONGMONT; CASE #2013-28864, DATE FILED: 11/13/2013

KENNETH J BRAY, 730 HALLMARK LN, LONGMONT; CASE #2013-28890, DATE FILED: 11/14/2013

JAMES BENHART ADSON, 4660 TALBOT DRIVE, BOULDER; CASE #2013-28929, DATE FILED: 11/14/2013

MATTHEW D WEIMER, 8165 DRY CREEK CIRCLE, LONGMONT; CASE #2013-28930, DATE FILED: 11/14/2013

JULIAN ALFREDO MARTINEZ, 3800 PIKE RD #4101, LONGMONT; CASE #2013-28946, DATE FILED: 11/15/2013

JULIETTE L STRAUSS, PO BOX 18538, BOULDER; CASE #2013-28952, DATE FILED: 11/15/2013

JOHN FLETCHER JR STILES, 860 WEST BASELINE ROAD, LAFAY-ETTE; CASE #2013-28995, DATE FILED: 11/15/2013

GUY RUSSELL GREENSTEIN, 2855 ROCK CREEK CIRCLE #316, SUPE-RIOR; CASE #2013-29010, DATE FILED: 11/15/2013

JACOB WALTER JUNGHO HEIL-VEIL, 40 FRONTIER PLACE, LONG-

MONT; CASE #2013-29015, DATE FILED: 11/15/2013

Chapter 13ALEANA CAROLYN DOGGETT, 2552 WEDGEWOOD AVENUE, LONGMONT; CASE #2013-28616, DATE FILED: 11/8/2013

KAREN LYNN MAAS, 1510 CREST-WOOD CIRCLE, LONGMONT; CASE #2013-28727, DATE FILED: 11/9/2013

Broomfield CountyChapter 7BENJAMIN JOSEPH III BOPP, 3245 W 135TH AVENUE, BROOMFIELD; CASE #2013-28494, DATE FILED: 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; CASE #2013-28771, DATE FILED: 11/12/2013

CARMEL SCHIFF, 1040 EAST 10TH AVENUE, BROOMFIELD; CASE #2013-28838, DATE FILED: 11/13/2013

ANDREW LELAND ANDERSON, 6431 W 108TH AVE, BROOMFIELD; CASE #2013-28912, DATE FILED: 11/14/2013

Chapter 13ROSS E WINTER, 12527 DALE COURT, BROOMFIELD; CASE #2013-28652, DATE FILED: 11/8/2013

FORECLOSURES

Boulder CountyBORROWER: 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, AMOUNT DUE: $169874. CASE #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, AMOUNT DUE: $395560. CASE #3351485. 11/7/2013

Broomfield CountyBORROWER: TOMMY R & SHERI L CHAPMAN, 4704 CAPITOL CT, BROOMFIELD. LENDER: NATION-STAR MORTGAGE LLC, AMOUNT DUE: $386641. CASE #15502. 11/5/2013

BORROWER: RUBEN K YOKOMIZO, 3381 BRIARWOOD DR, BROOMFIELD. LENDER: NATION-STAR MORTGAGE LLC, AMOUNT DUE: $198851. CASE #15503. 11/5/2013

BORROWER: SCOTT A & LISA SCHLICHTING, 375 BERYL ST,

BROOMFIELD. LENDER: CITIMORT-GAGE INC, AMOUNT DUE: $157190. CASE #15511. 11/5/2013

BORROWER: DOUGLAS H RAY-MOND, 136 CORAL WAY, BROOM-FIELD. LENDER: WELLS FARGO BANK, AMOUNT DUE: $157037. CASE #15640. 11/7/2013

BORROWER: JOSEPH A & HEATHER D ROTH, 13643 WIN-DOM LN, BROOMFIELD. LENDER: HORIZONS NORTH CREDIT UNION, AMOUNT DUE: $25181. CASE #15673. 11/8/2013

BORROWER: JORGE & PATRICIA RUIZ, 2690 RIDGE DR, BROOM-FIELD. LENDER: JPMORGAN CHASE BANK NATIONAL A, AMOUNT DUE: $265508. CASE #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 CountyDEBTOR: 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 VAL-LEY CREDIT UNION. AMOUNT: $8622.31. CASE #C-06C-001628. DATE: 11/1/2013

DEBTOR: THOMAS HAUCK, CREDITOR: MICHAEL IWANICKI. AMOUNT: $793544.7. CASE #D-12CV000792. DATE: 11/1/2013

DEBTOR: GLORIA & ALFREDO AYALA, CREDITOR: PUBLIC SER-VICE CREDIT UNION. AMOUNT: $4439.22. CASE #C-13C-033462. DATE: 11/2/2013

DEBTOR: WINTER BROTHERS INC, CREDITOR: PRO COAT SYS-TEMS INC. AMOUNT: $14462.12. CASE #C-2013C50435. DATE: 11/2/2013

DEBTOR: MEREDITH N GINDI, CREDITOR: BK WEST. AMOUNT: $2679856.71. CASE #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, CREDI-TOR: BC SERVICES INC. AMOUNT: $646.07. CASE #C-13C-031000. DATE: 11/7/2013

DEBTOR: JASON JARVIS, CREDI-TOR: JASON HUTKAY. AMOUNT: $7595.25. CASE #C-13S-00022. DATE: 11/7/2013

DEBTOR: CARRIE A GOLDEN, CREDITOR: BOULDER VAL-LEY 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-12C-00630. DATE: 11/2/2013

DEBTOR: ELIZABETH ATKIN-SON, CREDITOR: CITIFINANCIAL AUTO LTD DEN REG. AMOUNT: $10800.72. CASE #C-09C-000521. DATE: 11/5/2013

DEBTOR: THOMAS CHRISTIAN NORTH, CREDITOR: DIANE YALEY NORTH. AMOUNT: $93590.05. CASE #D-1998DR428. DATE: 11/6/2013

Broomfield CountyDEBTOR: LAURIE J MAJEWSKI, CREDITOR: BC SERVICES INC. AMOUNT: $3072.42. CASE #C-13C-030277. DATE: 11/2/2013

DEBTOR: WINTER BROS INC, CREDITOR: PRO COAT SYSTEMS INC. AMOUNT: $15469.0. CASE #C-2013C50435. DATE: 11/5/2013

DEBTOR: LARRY PUGEL, CREDI-TOR: KAREN D BENSON. AMOUNT: $20947.05. CASE #D-02PR-000466. DATE: 11/13/2013

DEBTOR: JONATHAN ALAN BER-LIN, CREDITOR: CAVALRY INVEST LLC. AMOUNT: $26569.45. CASE #D-13CV-030147. DATE: 11/13/2013

DEBTOR: DARREN G CASTINE, CREDITOR: CAPITAL ONE BK. AMOUNT: $6375.86. CASE #C-07C-001835. DATE: 11/13/2013

DEBTOR: JAIME L DRAKE, CREDITOR: CAPITAL ONE BK USA. AMOUNT: $2040.13. CASE #C-13C-031134. DATE: 11/13/2013

DEBTOR: CYNTHIA M CARLEY, CREDITOR: CAVALRY SPV I LLC. AMOUNT: $1710.36. CASE #C-13C-031135. DATE: 11/13/2013

DEBTOR: MARIA HERNANDES, CREDITOR: CAVALRY SPV I LLC. AMOUNT: $5150.62. CASE #C-13C-031139. DATE: 11/13/2013

DEBTOR: ANNE WEBER, CREDI-TOR: BONDED BUSINESS SERVIC-ES LTD. AMOUNT: $1382.11. CASE #C-13C-030900. DATE: 11/13/2013

DEBTOR: TOMA LAGOS, CREDI-TOR: BC SERVICES INC. AMOUNT: $1051.81. CASE #C-13C-031177. DATE: 11/14/2013

DEBTOR: JENISE A & JOHN H STURKEN, CREDITOR: AM FAM-ILY 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, CREDI-TOR: EQUITY RESIDENTIAL MAN-AGEMENT. AMOUNT: $0.0. CASE #D-10CV6744. DATE: 11/13/2013

DEBTOR: WDC HOLDINGS LLC, CREDITOR: WOODRIDGE CAPITAL PARTNERS LLC. AMOUNT: $102854.61. CASE #D-13CV-030708. DATE: 11/13/2013

RELEASE OF JUDGMENT

Boulder CountyDEBTOR: 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 CountyDEBTOR: JA WALKER CO INC, CREDITOR: KEYBANK. AMOUNT: $0.0. CASE #. DATE: 11/5/2013

STATE TAX LIENS

Boulder CountyANANDA 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

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

KARMACEUTICALS SKIN CARE, $3203.0, CASE #3350766, 11/1/2013

MOUNT HIGH APPLIANCE, $2967.2, CASE #3351459, 11/6/2013

MT AMA BABLAM INC, $1213.0, CASE #3350767, 11/1/2013

NEW CENTURY TAX LLC, $3870.98, CASE #3351295, 11/6/2013

PRIMORIS ENERGY SOLUTIONS INC, $4246.78, CASE #3351292, 11/6/2013

RLS CONSTR LLC, $525.94, CASE #3351290, 11/6/2013

SUSHI ZANMAI INC, $2089.45, CASE #3351291, 11/6/2013

UMPQUA FEATHER MERCHANTS LLC, $1760.04, CASE #3351758, 11/7/2013

WHOLE GRAINS BOULDER INC, $3580.4, CASE #3351458, 11/6/2013

Broomfield CountyREQUEST 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 CountyAARONS 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 CountyPROSPECT MARKETING GROUP INC, $4884.77, CASE #15641, 11/7/2013

JACK CTANNER, $0.0, CASE #15494, 11/5/2013

WARRANTY DEEDS

Boulder CountySeller: ROBERT A & ANNA M LIB-ERATOREBuyer, Buyer’s Address: CHRIS-TOPHER A & DONNA T LEE, 2659 BEECH CIR Address: 2014 YEAGER DR, LONG-MONTPrice: $215000Date Closed: 11/5/2013

Seller: MATTHEW J DOLANBuyer, Buyer’s Address: NICOLE & MARK J RINGELMANN, 83107 PAWNEE LN Address: 818 S TERRY ST APT 2, LONGMONTPrice: $186000Date Closed: 11/5/2013

Seller: R CRAIG REESEBuyer, Buyer’s Address: REBECCA E & LUCAS A LOVELL, 1485 MAY-FIELD CIR Address: 1485 MAYFIELD CIR, LONGMONTPrice: $258500Date Closed: 11/5/2013Seller: SCOTT W HUBERBuyer, Buyer’s Address: BETH A PARSONS, 721 FRANCIS ST

Address: 721 FRANCIS ST, LONG-MONTPrice: $285000Date Closed: 11/5/2013

Seller: TY M & JAMES F MILLERBuyer, Buyer’s Address: PRISCILLA MURPHY, 4845 OLD POST CIR Address: 4845 OLD POST CIR, BOULDERPrice: $371500Date Closed: 11/5/2013

Seller: MERITAGE HOMES COLO-RADO INCBuyer, Buyer’s Address: ZACHA-RIAH S & ROBYN L YODER, 610 SMOKY HILLS LN Address: 610 SMOKY HILLS LN, ERIEPrice: $509500Date Closed: 11/5/2013

Seller: I ROLAND MARY E GOLD-BERG FAMILBuyer, Buyer’s Address: BRIAN T & SARAH R GOLDBERG, 2275 SCHOONER ST Address: 2275 SCHOONER ST, LAFAYETTEPrice: $548500Date Closed: 11/5/2013

Seller: MCCOY LIVING REVOCABLE TRUSTBuyer, Buyer’s Address: LEO J & DANIELLE THERESE PATNODE, 434 BLUE LAKE TRL Address: 434 BLUE LAKE TRL, LAFAYETTEPrice: $485000Date Closed: 11/5/2013

Seller: PATRICK DILLOWBuyer, Buyer’s Address: STEVEN P HEBERT, 81 GARFIELD PL # 1 Address: 2479 TULIP ST, LONG-MONTPrice: $220500Date Closed: 11/5/2013

Seller: GEORGE O JR BAUGHBuyer, Buyer’s Address: KATH-ERINE & SHANE BULLOCK, 2118 JUDSON ST Address: 2118 JUDSON ST, LONG-MONTPrice: $233000Date Closed: 11/5/2013

Seller: BRADFORD P & SHELLIE A FUNKBuyer, Buyer’s Address: MICHAEL EDWARD & ELIZABETH ANN KET-TERER, 2110 SAND DOLLAR CIR Address: 2110 SAND DOLLAR CIR, LONGMONTPrice: $475000Date Closed: 11/5/2013

Seller: AMY L POWELLBuyer, Buyer’s Address: AMY C RUSSELL, 715 TEAL CIR Address: 2721 VILLANOVA CT, LONGMONTPrice: $365000Date Closed: 11/5/2013

Seller: RUTH ILENE GUNZEN-HAUSERBuyer, Buyer’s Address: DONALD & MARIETTA CHAPMAN, 11818 BILL-INGS AVE Address: 6927 TOTARA PL, NIWOTPrice: $201000Date Closed: 11/5/2013

Seller: DAVID J & LISA M BARBERISBuyer, Buyer’s Address: MICHAEL A & STEPHANIE SMEENK, 486 WHITETAIL CIR Address: 486 WHITETAIL CIR, LAFAYETTEPrice: $434900Date Closed: 11/5/2013

Seller: KATHARINE BARTKOBuyer, Buyer’s Address: PAUL J DAUGHERTY, 5012 BUCKINGHAM RD Address: 5012 BUCKINGHAM RD, BOULDERPrice: $237000Date Closed: 11/5/2013

Seller: MICHAEL S & EMILY A WILSONBuyer, Buyer’s Address: JASON & KELSIE EARLEY, 762 PEAR CT Address: 762 PEAR CT, LOUISVILLEPrice: $455000Date Closed: 11/5/2013

Seller: WILLIAM D WALTERSBuyer, Buyer’s Address: JANE & DONALD MICHAEL SANDERS, 369 WHISPERING PNES Address: 4053 SUNSHINE CANYON DR, BOULDERPrice: $425000Date Closed: 11/5/2013

Seller: KATHERINE GANEV


Buyer, Buyer’s Address: JONA-THAN HEIST, 1922 OXFORD LN Address: 1922 OXFORD LN, SUPE-RIORPrice: $189900Date Closed: 11/5/2013

Seller: PETER R & LAURA P WOLTONBuyer, Buyer’s Address: CAROL A WESSMAN, 2938 KALMIA AVE APT 23 Address: 2938 KALMIA AVE APT 23, BOULDERPrice: $370000Date Closed: 11/5/2013

Seller: SUSAN FRANKBuyer, Buyer’s Address: ALBERT R & TERESA J HUCK, 278 CASPER DR Address: 278 CASPER DR, LAFAY-ETTEPrice: $293500Date Closed: 11/5/2013

Seller: DAVID L ROTER TRUSTBuyer, Buyer’s Address: LOUIS R & JAN KARP, MULT PROP Address: MULT PROP, Price: $560000Date Closed: 11/5/2013

Seller: BRUCE A & DALE E BLEWBuyer, Buyer’s Address: DENNIS A & VICKI L LOGAN, 1728 SPEN-CER ST Address: 1728 SPENCER ST, LONGMONTPrice: $252000Date Closed: 11/5/2013

Seller: MARK E & STACY M ANDER-SONBuyer, Buyer’s Address: CHRISTO-PHER M CALDWELL, 1832 ELDO-RADO DR Address: 1832 ELDORADO DR, SUPERIORPrice: $483000Date Closed: 11/6/2013

Seller: KYLE SUZANNE MCDONOUGHBuyer, Buyer’s Address: MATTHEW T REDDY, 203 BASS CIR Address: 203 BASS CIR, LAFAY-ETTEPrice: $248000Date Closed: 11/6/2013

Seller: ARTHUR & PENELOPE ROSEBuyer, Buyer’s Address: JEFFREY V LUTKUS, 2880 SUNDOWN LN APT 301 Address: 2880 SUNDOWN LN APT 301, BOULDERPrice: $275000Date Closed: 11/6/2013

Seller: MARGARET P GERBOREBuyer, Buyer’s Address: JERRY W TURNER, 5339 IDYLWILD TRL Address: 5339 IDYLWILD TRL, BOULDERPrice: $527000Date Closed: 11/6/2013

Seller: NANCY C & KENNETH R BAKERBuyer, Buyer’s Address: JONA-THAN RUBINSTIEN, 9718 SUGAR-LOAF RD Address: 9718 SUGARLOAF RD, BOULDERPrice: $431000Date Closed: 11/6/2013

Seller: JENNIFER L DITTENHOFERBuyer, Buyer’s Address: CHRIS-TINE LARSCHEIDJONES, 1414 ORCHID CT Address: 1414 ORCHID CT, LAFAY-ETTEPrice: $317000Date Closed: 11/6/2013

Seller: ARGYRES LIVING TRUSTBuyer, Buyer’s Address: FRANK HERMAN & LINDA RAISIN ROBI-SON, 2043 BUCHANAN PT Address: 2043 BUCHANAN PT, LAFAYETTEPrice: $1145000Date Closed: 11/6/2013

Seller: PEGGY & CHARLES CALDWELLBuyer, Buyer’s Address: MARIA SOLEDAD MINGOORDONEZ, 525 MILLS ST Address: 5540 STONEWALL PL APT 12, BOULDERPrice: $146500Date Closed: 11/6/2013

Seller: TODD M CORNWELLBuyer, Buyer’s Address: DAVID P & MARILYN L TERZIAN, 9300 SPRINKLEWOOD LN Address: 1001 LARAMIE BLVD UNIT H, BOULDERPrice: $271300

Date Closed: 11/6/2013

Seller: PING & SHOU NUNG HWANGBuyer, Buyer’s Address: TODD KINZLE, 9440 CRYSTAL LN Address: 328 21ST AVE, LONG-MONTPrice: $322000Date Closed: 11/6/2013

Seller: SHOU NUNG & PING HWANGBuyer, Buyer’s Address: TODD KINZLE, 9440 CRYSTAL LN Address: 334 21ST AVE, LONG-MONTPrice: $322000Date Closed: 11/6/2013

Seller: SHOU NUNG & PING HWANGBuyer, Buyer’s Address: TODD KINZLE, 9440 CRYSTAL LN Address: 340 21ST AVE, LONG-MONTPrice: $322000Date Closed: 11/6/2013

Seller: BRANDON & DENNIS PEARCEBuyer, Buyer’s Address: RACHEL & STEPHEN DOWNEY, 2235 EDGE-WOOD DR Address: 2235 EDGEWOOD DR, BOULDERPrice: $390000Date Closed: 11/7/2013

Seller: BRADLEY H MCKINLEYBuyer, Buyer’s Address: ALLEN STENGER, 2892 95TH ST Address: 2892 95TH ST, BOULDERPrice: $1022000Date Closed: 11/7/2013

Seller: DARRELL R ROBERTSONBuyer, Buyer’s Address: KATHER-INE ELLEN & CHAD EVAN WILLIS, 908 CLOVER CIR Address: 908 CLOVER CIR, LAFAY-ETTEPrice: $282400Date Closed: 11/7/2013

Seller: MICHAEL J & RUTH B NEW-BERGERBuyer, Buyer’s Address: EMILY & JARRET GREENBERG, 1405 BEL-LEVUE DR Address: 2995 AURORA AVE, BOULDERPrice: $792900Date Closed: 11/7/2013

Seller: RONALD R DIEDERICHSENBuyer, Buyer’s Address: MARY T & RODNEY L MORPHEW, 4270 COR-RIENTE PL # C 1 Address: 4270 CORRIENTE PL # C 1, BOULDERPrice: $310000Date Closed: 11/7/2013

Seller: MICHAEL G & MARTHA H WILLIAMSBuyer, Buyer’s Address: LISA H & ROBERT K BESHORE, 1628 STONES PEAK DR Address: 1628 STONES PEAK DR, LONGMONTPrice: $560000Date Closed: 11/7/2013

Seller: HENRY WALKER CON-STRUCTION LLCBuyer, Buyer’s Address: RUSSELL POULIN, 1525 GRANT DR Address: 1525 GRANT DR, LONG-MONTPrice: $353600Date Closed: 11/7/2013

Seller: MERITAGE HOMES COLO-RADO INCBuyer, Buyer’s Address: JOSHUA E & AMANDA L WHITE, 696 FOSSIL BED CIR Address: 696 FOSSIL BED CIR, ERIEPrice: $403500Date Closed: 11/7/2013

Seller: MARKEL HOMES CON-STRUCTION COBuyer, Buyer’s Address: TONY M & KATHLEEN BRADY FLIPPO, 2128 HECLA DR #E Address: 2128 HECLA DR #E, LOUISVILLEPrice: $435600Date Closed: 11/7/2013

Seller: PATRICIA A & J BRUCE JOURNEAYBuyer, Buyer’s Address: RICHARD F & EDNA JOEY DEAN, 420 STICK-NEY ST Address: 420 STICKNEY ST, LYONSPrice: $475000Date Closed: 11/7/2013

Broomfield County

Seller: PARKWAY CIRCLE BROOM-FIELD LLCBuyer, Buyer’s Address: SANDRA RUSH, 13598 VIA VARRA APT 417 Address: 13598 VIA VARRA APT 417, BROOMFIELDPrice: $177400Date Closed: 10/31/2013

Seller: PARKWAY CIRCLE BROOM-FIELD LLCBuyer, Buyer’s Address: MOLLY JENSON, 13598 VIA VARRA APT 123Address: 13598 VIA VARRA APT 123, BROOMFIELDPrice: $156300Date Closed: 10/31/2013

Seller: DANIEL P & KAREN K CLARKBuyer, Buyer’s Address: WILLIAM PATRICK & TERESE E TENNYSON, 12544 UTICA ST Address: 12544 UTICA ST, BROOM-FIELDPrice: $405000Date Closed: 10/31/2013

Seller: SCOTT A & SARAH M SAND-ERSBuyer, Buyer’s Address: JAFFA S W & JENNIFER S ROSENFELS, 1208 FERN CIR Address: 1208 FERN CIR, BROOM-FIELDPrice: $274700Date Closed: 10/31/2013

Seller: JASE T & JENIFER K SMITHBuyer, Buyer’s Address: JASON GOODE, 1203 17TH AVE Address: 12579 TAMMYWOOD ST, BROOMFIELDPrice: $266000Date Closed: 10/31/2013

Seller: PULTE HOME CORPBuyer, Buyer’s Address: JEAN R RICHARDS, 15990 REDCLOUD WAY Address: 15990 REDCLOUD WAY, BROOMFIELDPrice: $439100Date Closed: 10/31/2013

Seller: PULTE HOME CORPBuyer, Buyer’s Address: BENNETT S & DEBRA L MILLER, 15980 RED-CLOUD WAY Address: 15980 REDCLOUD WAY, BROOMFIELDPrice: $404200Date Closed: 10/31/2013

Seller: JOHN T & CYNTHIA J SMITHBuyer, Buyer’s Address: RYAN CANDAGE, 13522 CASCADE ST Address: 13522 CASCADE ST, BROOMFIELDPrice: $365000Date Closed: 10/31/2013

Seller: HELEN C WOLFEBuyer, Buyer’s Address: JOHN III MCGOWAN, 869 LILAC ST Address: 869 LILAC ST, BROOM-FIELDPrice: $258000Date Closed: 10/31/2013

Seller: KB HOME COLORADO INCBuyer, Buyer’s Address: BASANTA LAMSAL, 8493 REDPOINT WAY Address: 8493 REDPOINT WAY, BROOMFIELDPrice: $297400Date Closed: 10/31/2013

Seller: KB HOME COLORADO INCBuyer, Buyer’s Address: PETER J & KATHY Z LAIRD, 8485 REDPOINT WAY Address: 8485 REDPOINT WAY, BROOMFIELDPrice: $295800Date Closed: 10/31/2013

Seller: KB HOME COLORADO INCBuyer, Buyer’s Address: MITCHELL SCOTT DUSINA, 11346 DESTINA-TION DR Address: 11346 DESTINATION DR, BROOMFIELDPrice: $312800Date Closed: 10/31/2013

Seller: JEREMY S & TONYA P SINGBuyer, Buyer’s Address: CHARLES ALAN & CARLY W REILEY, 14641 PRAIRIE SKY LN Address: 14641 PRAIRIE SKY LN, BROOMFIELDPrice: $650000Date Closed: 11/1/2013

Seller: PULTE HOME CORPBuyer, Buyer’s Address: ALAN M & LISA H IGUCHI, 4558 HOPE CIR Address: 4558 HOPE CIR, BROOM-FIELDPrice: $456700Date Closed: 11/1/2013

Seller: PULTE HOME CORPBuyer, Buyer’s Address: ARNOLD

H & MARCIA P SOROCKI, 15985 REDCLOUD WAY Address: 15985 REDCLOUD WAY, BROOMFIELDPrice: $418100Date Closed: 11/1/2013

Seller: PULTE HOME CORPBuyer, Buyer’s Address: CATHY BITTLER, 4280 CRYSTAL DR Address: 4280 CRYSTAL DR, BROOMFIELDPrice: $462500Date Closed: 11/1/2013

Seller: JOSEPH DESANTISBuyer, Buyer’s Address: JOHN & NANCY FERRARO, 13729 STONE CIR UNIT 101 Address: 13729 STONE CIR UNIT 101, BROOMFIELDPrice: $298000Date Closed: 11/1/2013

Seller: PARKWAY CIRCLE BROOM-FIELD LLCBuyer, Buyer’s Address: NANCY KERVER, 13598 VIA VARRA APT 421 Address: 13598 VIA VARRA APT 421, BROOMFIELDPrice: $197200Date Closed: 11/1/2013

Seller: PARKWAY CIRCLE BROOM-FIELD LLCBuyer, Buyer’s Address: ANDREW W BARRON, 13598 VIA VARRA APT 419 Address: 13598 VIA VARRA APT 419, BROOMFIELDPrice: $204800Date Closed: 11/1/2013

Seller: TOLL CO 1 LLCBuyer, Buyer’s Address: SRINIVAS BABU TUMMALAPENTA, 1855 TIVERTON AVE Address: 1855 TIVERTON AVE, BROOMFIELDPrice: $740500Date Closed: 11/1/2013

Seller: KAREN PENNER TRUSTBuyer, Buyer’s Address: MATTHEW & KAYLEE JENNINGS, 4751 W 123RD PL Address: 4751 W 123RD PL, BROOMFIELDPrice: $296500Date Closed: 11/1/2013

Seller: PARKWAY CIRCLE BROOM-FIELD LLCBuyer, Buyer’s Address: CINDY L WITT, 13598 VIA VARRA APT 316 Address: 13598 VIA VARRA APT 316, BROOMFIELDPrice: $204400Date Closed: 11/1/2013

Seller: PARKWAY CIRCLE BROOM-FIELD LLCBuyer, Buyer’s Address: RICHARD B & SANDRA K BORDEN, 13598 VIA VARRA APT 310 Address: 13598 VIA VARRA APT 310, BROOMFIELDPrice: $263100Date Closed: 11/1/2013

Seller: MARVIN J & BARBARA A EAKESBuyer, Buyer’s Address: BERNARD F & KATHLEEN J VAHLING, 31 WAL-TER WAY Address: 31 WALTER WAY, BROOMFIELDPrice: $236500Date Closed: 11/1/2013

Seller: DUONG NGUYENBuyer, Buyer’s Address: BUDDHI P & BHAGAWATI LAMICHHANE, 417 OAK LN Address: 417 OAK LN, BROOM-FIELDPrice: $257500Date Closed: 11/4/2013

Seller: ERIC & MARGARET SCHARFFBuyer, Buyer’s Address: SHAWN P & CYNTHIA M BICKLEY, 1270 W 12TH AVE Address: 1270 W 12TH AVE, BROOMFIELDPrice: $340000Date Closed: 11/4/2013

Seller: JAFFA S W & JENNIFER S ROSENFELSBuyer, Buyer’s Address: MARK & SUSAN ROSS, 14920 TWING ST Address: 358 MULBERRY CIR, BROOMFIELDPrice: $197000Date Closed: 11/4/2013

Seller: LYNN & KEVIN MCDONALDBuyer, Buyer’s Address: SHAUB ENTERPRISES INC, 1737 PO BOX 3301 Address: 1737 WHISTLEPIG LN,

BROOMFIELDPrice: $465000Date Closed: 11/4/2013

Seller: PARKWAY CIRCLE BROOM-FIELD LLCBuyer, Buyer’s Address: ARLENE R RUDDUCK, 13598 VIA VARRA APT 406 Address: 13598 VIA VARRA APT 406, BROOMFIELDPrice: $240700Date Closed: 11/4/2013

Seller: MARLAN E & ERIC B MULLERBuyer, Buyer’s Address: ROBERT J & CAROLYN TOLOCZKO, 14371 WATERSIDE LN Address: 14371 WATERSIDE LN, BROOMFIELDPrice: $480000Date Closed: 11/4/2013

Seller: KENT T & SHERYL L ADDYBuyer, Buyer’s Address: ZACHARY D & DANICA R NELSON, 13735 TEAL CREEK CT Address: 13735 TEAL CREEK CT, BROOMFIELDPrice: $510000Date Closed: 11/4/2013

Seller: MELISSA J RICHTERBuyer, Buyer’s Address: YONG ZHANG, 4440 CRESTONE CIR Address: 12248 ELKEN CT, BROOMFIELDPrice: $236000Date Closed: 11/4/2013

Seller: KLEBOLD CONSULTING GROUP INCBuyer, Buyer’s Address: BPC HOLDINGS LLC, 2502 W 1136TH AVE #108 Address: 3301 W 144TH AVE UNIT 205, BROOMFIELDPrice: $250000Date Closed: 11/4/2013

Seller: PARKWAY CIRCLE BROOM-FIELD LLCBuyer, Buyer’s Address: DEBORAH J HELBURG, 13598 VIA VARRA APT 323 Address: 13598 VIA VARRA APT 323, BROOMFIELDPrice: $195400Date Closed: 11/5/2013

Seller: JOHN & LORI ANN MORRISBuyer, Buyer’s Address: NORTON NEY BITTENCO DEFARIA, 1660 S BITKAN AVE Address: 1432 DOVER ST, BROOM-FIELDPrice: $210000Date Closed: 11/5/2013

Seller: PARKWAY CIRCLE BROOM-FIELD LLCBuyer, Buyer’s Address: JOHN T & SHARON T QUIGLEY, 13598 VIA VARRA APT 415 Address: 13598 VIA VARRA APT 415, BROOMFIELDPrice: $214900Date Closed: 11/5/2013

Seller: NATHAN P ARNOLDBuyer, Buyer’s Address: COLFIN AI CO 1 LLC, 2450 BROADWAY Address: 13595 GREEN CT, BROOMFIELDPrice: $193000Date Closed: 11/5/2013

Seller: KATHLEEN M MEIERBuyer, Buyer’s Address: XAVIER & LUCINDA FLORES, 12568 HAZEL ST Address: 12568 HAZEL ST, BROOMFIELDPrice: $376000Date Closed: 11/5/2013

Seller: TODD C COTTENBuyer, Buyer’s Address: ROBERT C JR & LESLIE A PRAY, 3152 W 10TH AVENUE PL Address: 3152 W 10TH AVENUE PL, BROOMFIELDPrice: $239900Date Closed: 11/5/2013

Seller: RICHMOND AMERICAN HOMES COLORABuyer, Buyer’s Address: JASON JOE & ANN MARIE SCHIMSCHAL, 3326 YALE DR Address: 3326 YALE DR, BROOM-FIELDPrice: $479400Date Closed: 11/5/2013

Seller: PARKWAY CIRCLE BROOM-FIELD LLCBuyer, Buyer’s Address: JEFFREY J & LINDA BROTMAN EVANS, 13598 VIA VARRA APT 303 Address: 13598 VIA VARRA APT

303, BROOMFIELDPrice: $240700Date Closed: 11/5/2013

Seller: ROBERT R WRIGHT LIVING TRUSTBuyer, Buyer’s Address: DAVID J & LISA M BARBERIS, 5040 ASPEN CREEK DR Address: 5040 ASPEN CREEK DR, BROOMFIELDPrice: $528000Date Closed: 11/6/2013

Seller: PULTE HOME CORPBuyer, Buyer’s Address: STINGEL FAMILY IRREVOCABLE TRU, 15965 REDCLOUD WAY Address: 15965 REDCLOUD WAY, BROOMFIELDPrice: $399300Date Closed: 11/6/2013

Seller: RICHARD A REINHARDBuyer, Buyer’s Address: SHAWN M & STEPHEN E ARNOLD, 3301 COL-UMBINE CT Address: 3301 COLUMBINE CT, BROOMFIELDPrice: $220000Date Closed: 11/6/2013

Seller: AARON LADDBuyer, Buyer’s Address: ELIZA-BETH M WELCHCARRE, 1706 DAISY CT Address: 1706 DAISY CT, BROOM-FIELDPrice: $339000Date Closed: 11/6/2013

Seller: JOHN V & NANCY FERRAROBuyer, Buyer’s Address: AARON LADD, 1691 DAPHNE ST Address: 1691 DAPHNE ST, BROOMFIELDPrice: $410000Date Closed: 11/6/2013

Seller: JUDITH E RUBINROTTHALLBuyer, Buyer’s Address: HARSHA PILLI, 3535 MOLLY CIR Address: 3535 MOLLY CIR, BROOMFIELDPrice: $230000Date Closed: 11/6/2013

Seller: DIRK A & HEATHER C CAMILLETTIBuyer, Buyer’s Address: BASSAM F & WAFAA K ALDAGHESTANI, 12527 BIG DRY CREEK DR Address: 12527 BIG DRY CREEK DR, BROOMFIELDPrice: $270000Date Closed: 11/6/2013

Seller: DOUGLAS BENSONBuyer, Buyer’s Address: JEFFREY ALAN BRENNER, 4440 AUGUSTA DRAddress: 4440 AUGUSTA DR, BROOMFIELDPrice: $753800Date Closed: 11/7/2013

Seller: JEFFREY BRENNERBuyer, Buyer’s Address: LAURIE N & ANDREW J DODD, 4125 BROAD-MOOR LOOP Address: 4125 BROADMOOR LOOP, BROOMFIELDPrice: $725000Date Closed: 11/7/2013

Seller: STANDARD PACIFIC COLO-RADO INCBuyer, Buyer’s Address: DAVID & DARCIE SALAZAR, 15972 LOOK-OUT PT Address: 15972 LOOKOUT PT, BROOMFIELDPrice: $554100Date Closed: 11/7/2013

Seller: 15549 ZUNI STREET LLCBuyer, Buyer’s Address: DOUG & KELLY SEHR, 2480 RED HAWK PL Address: 2480 RED HAWK PL, BROOMFIELDPrice: $140000Date Closed: 11/7/2013

Seller: WILBUR G BERRYBuyer, Buyer’s Address: JAMES M SCHOMER, 294 GARNET ST Address: 290 GARNET ST, BROOM-FIELDPrice: $215000Date Closed: 11/7/2013

Seller: PAUL M & JENNY L DURANBuyer, Buyer’s Address: FREDER-ICK SCHERR, 2618 QUAIL CREEK DR Address: 2618 QUAIL CREEK DR, BROOMFIELDPrice: $451500Date Closed: 11/7/2013

Seller: MARK W SORENSENBuyer, Buyer’s Address: BRIAN &

FOR THE RECORD

➤ See Record, 23A


BRIEFSThe city of Boulder reported a 12.9 percent increase in sales- and use-tax revenue from September transactions. Collections in Oc-tober, representing September sales, were $10,035,006, up from $8,882,987 a year ago. Construction use-tax revenue con-tributed 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 sales-tax 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 pe-riod 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 refi-nancing a company loan and a credit agree-ment. 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, Sun-Trust and UBS AG served as co-managers on the loan re-pricing. SunTrust acted as the agent on the revolving credit facility, accord-ing to the press statement.

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 in-struments is a $5 million sensor built by work-ers 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.

Almost all of Backcountry Access Inc.’s ava-lanche airbag products are being recalled, ac-cording to the company and to the U.S. Con-sumer 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 represen-tative 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

the other products – is not affected by the re-call, Olson said. He estimated the company’s recall cost in the “double digits,” without dis-cussing specifics.For more information about the recall, customers can contact Backcoun-try 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].

CONTRACTSRock Resorts, a subsidiary of Broomfield-based 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.

Boulder-based Elevations Credit Union entered into a contract with CU Direct Corp. to provide members auto loans. Members will have ac-cess 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.

Longmont-based Dot Hill Systems Corp. (Nasdaq: HILL), a provider of SAN storage solutions, announced that Northwest Mis-souri 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 net-work.

MERGERS & ACQUISITIONSColorado Health Brokers, a health-in-surance brokerage, has acquired Boulder-based health-insurance brokerage Colorado Affordable Health from Charley Mallon. Mallon, who founded Colorado Affordable Health in Boulder in 2002, sold Colorado Af-fordable 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.

Deadline to submit items for Business Digest is three weeks prior to publication of each bi-weekly issue. Mail to Editor, Boulder County Business Report, 3180 Sterling Circle, Suite 201, Boulder, CO 80301-2338; fax to 303-440-8954; or email to [email protected] with Busi-ness Digest in the subject line. Photos submit-ted will not be returned.

ON THE JOB

BUSINESS DIGEST

BIOSCIENCEDaniel M Bradbury joined the business ad-visory board of Boulder-based biopharma AmideBio LLC. Bradbury is the manag-ing member of BioBrit LLC, a life sciences consulting and investment firm in La Jolla, California.

ENGINEERING

JVA Inc. hired Si-mon Farrell, Kris-tin Johansen and Janet Cardenas. Farrell will be a proj-ect engineer in the Boulder office. He received a bach-elor’s degree in en-vironmental health 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-

fice. She received a bachelor’s degree in civil engineering from the University of Colorado-Boulder. 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 de-gree in civil engineering from the University of Colorado-Boulder. JVA is a structural, civ-il, and environmental consulting engineering firm with offices in Boulder, Winter Park and Fort Collins.

HEALTH CAREDr. Michelle Sniderjoined the team at Austin Chiropractic Center in Louisville. Snider is a chiro-practor who spe-cializes in neurobe-havioral disorders such as autism. She received training at the Carrick Institute.

HIGH TECHBoulder-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 compa-nies in data storage, industrial products and health-care information technology.

NONPROFITNonprofit Firsts Nations Development Insti-tute in Longmont hired Rachel Vernon as

a program officer. Vernon, who is Yaqui and Mescalero Apache, has a bachelor’s degree from Stanford University and is working to-ward 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 ESTATEMcKenzie 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 De-velopmental Disabilities and with the Albany County (Wyoming) Sheriff’s Department.

OTHERDan Powers has joined Boulder Tomor-row as its interim executive director. Boul-der Tomorrow monitors local issues and shares information with its members, the media and local government. Previously, Powers was community relations coordi-nator for Western Disposal Services Inc. in Boulder.

Deadline to submit items for On the Job is three weeks prior to publication of each bi-weekly issue. Mail to Editor, Boulder County Business Report, 3180 Sterling Circle, Suite 201, Boulder, CO 80301; fax to 303-440-8954; or email to [email protected] with On the Job in the subject line. Photos submit-ted will not be returned.

AWARDSGregory James Smith, a health-care attorney at Caplan and Earnest LLC in Boulder, received the Lloyd E. Worner Award from Colorado Col-lege 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 learn-ing, as well as the general well-being and future excellence of the institution. At Caplan and Ear-nest, Smith works in the health-care law prac-tice group. He assists health-care professionals, including physicians, who are either establishing their practices or transitioning practices to others.

Broomfield-based MWH Global, a consult-ing, 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 publica-tion for the engineering and construction indus-try, 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 con-tracting-specific revenue. Contractors are also ranked in industry related categories.

Guy Higgins and Jennifer Freeman, principals of Boulder-based Firestorm, a franchisee that spe-cializes in disaster preparedness, crisis manage-ment and business recovery, were named Princi-pals of the Year by Firestorm, a national franchisor.

Farrell

Johansen

Cardenas

Snider

NASA 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

Radar Topography Mission, the Space-borne 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. gov-ernment and commercial entities. The company develops and manu-factures spacecraft, advanced instru-ments and sensors, components, data exploitation systems and RF solutions for strategic, tactical and scientific applications.

Its parent company, Broomfield-

based Ball Corp. (NYSE: BLL), sup-plies packaging for beverage, food and household products customers, as well as aerospace and other tech-nologies 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.


CALENDARDECEMBER

9 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 Cen-ter, 1701 California St., Denver. For more information, contact Brian Lewandowski at 303-492-3307 or [email protected].

10 The Boulder Small Business De-velopment 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-

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 infor-mation and to register contact Rachel Gar-cia at 303-442-1475 ext. 2, or email [email protected].

11 The Boulder Small Business Devel-opment Center presents Startup-

Essentials from 1 to 4:30 p.m. Wednes-day, 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 time-bound. Learn how to create a balanced and successful life by goal-setting in daily, short- and long-term increments. For cost and to R.S.V.P. contact [email protected] or call 303-928-0932.

18 The Boulder Small Business Develop-ment 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 cal-endar alternates with the monthly events calendars; each appears once every other issue. Mail Calendar items to Calendar, Boul-der County Business Report, 3180 Sterling Circle, Suite 201, Boulder, CO 80301-2338 or [email protected] with Calendar as subject.

JULIE SHERWOOD, 885 W 9TH AVE Address: 885 W 9TH AVE, BROOM-FIELDPrice: $238000Date Closed: 11/7/2013

Seller: 11203 COLONY CIRCLE LLCBuyer, Buyer’s Address: GOLDEN PROPERTY GROUP LLC, 1360 WAL-NUT ST APT 311 Address: 11203 COLONY CIR, BROOMFIELDPrice: $255000Date Closed: 11/8/2013

Seller: JOSEPH L & KELLI K SCHWARTZBuyer, Buyer’s Address: FELISA M MOORE, 3751 W 136TH AVE # 13 Address: 3751 W 136TH AVE # 13, BROOMFIELDPrice: $279000Date Closed: 11/8/2013

Seller: MATTHEW W & KATHERINE O HANSENBuyer, Buyer’s Address: DENNIS J & ADRIENNE A ASBURY, 14836 FALCON DR Address: 4570 W 124TH AVE, BROOMFIELDPrice: $290000Date Closed: 11/8/2013

Seller: WILLIAM PATRICK & TERESE E TENNYSONBuyer, Buyer’s Address: THOMAS E & LINDY J JOSEPHSON, 12294 WOLFF DR Address: 12294 WOLFF DR, BROOM-FIELDPrice: $319900Date Closed: 11/12/2013

Seller: KEVIN M & JEANNE M SUL-LIVANBuyer, Buyer’s Address: OLIN &

EILEEN HOOVER, 3337 ALEXANDER WAY Address: 3337 ALEXANDER WAY, BROOMFIELDPrice: $545000Date Closed: 11/12/2013

Seller: KIRK JONESBuyer, Buyer’s Address: JOHN B & RHONDA S MEDING, 4774 RAVEN RUN Address: 4774 RAVEN RUN, BROOM-FIELDPrice: $307000Date Closed: 11/12/2013

Seller: MICHAEL & MICHELLE YUR-CHAKBuyer, Buyer’s Address: BELARMINO SERNA, 4259 SNOWBIRD AVE Address: 4259 SNOWBIRD AVE, BROOMFIELDPrice: $262000

Date Closed: 11/12/2013

Seller: STANLEY E & CHER L MON-ROEBuyer, Buyer’s Address: BRYAN KEITH & SARA IRENE LAUER, 12587 DALE CT Address: 12587 DALE CT, BROOM-FIELDPrice: $269200Date Closed: 11/12/2013

Seller: DARLENE J MCCOLLUMBuyer, Buyer’s Address: JENNIFER K & JUSTIN L MILLETTE, 941 BIRCH ST Address: 941 BIRCH ST, BROOM-FIELDPrice: $221000Date Closed: 11/12/2013

Seller: RICHMOND AMERICAN HOMES COLORABuyer, Buyer’s Address: BILL L CYPERT, 3511 HARVARD PL

Address: 3511 HARVARD PL, BROOMFIELDPrice: $486900Date Closed: 11/12/2013

Seller: NANCI L ORTEGABuyer, Buyer’s Address: WILSON T & ALLISON JOHNSON, 2860 W 133RD AVE Address: 2860 W 133RD AVE, BROOMFIELDPrice: $229900Date Closed: 11/13/2013

Seller: ANTHONY S & JENNY R GRAHAMBuyer, Buyer’s Address: BRIAN C NICHOLSON, 387 E FREDONIA DR Address: 3327 MOLLY LN, BROOM-FIELDPrice: $206500Date Closed: 11/13/2013

Seller: 226 COMMERCE LLC

Buyer, Buyer’s Address: FLAGSTAFF HOLDINGS 224 LLC, 3000 PEARL ST STE 200 Address: 226 COMMERCE ST, BROOMFIELDPrice: $3992100Date Closed: 11/13/2013

Seller: RG OPTIONS LLCBuyer, Buyer’s Address: JERRY N JR GILLESPIE, 12546 MARIA CIR Address: 12546 MARIA CIR, BROOM-FIELDPrice: $232200Date Closed: 11/13/2013

RECORD from 21A

STOCKHOLDERS 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 fast-casual restaurants expects to see sales growth of up to 3 percent through the end of the year, accord-ing 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 repur-chase shares of common stock directly from certain Noodles offi-cers. 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.

Some of the EOS stockhold-ers who received Clovis shares in the sales transaction now want to sell them. The company is offer-ing 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 exist-ing 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 execu-tives 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 Colora-do-born restaurant company. As of May 28, Noodles & Co. had 343 res-taurants – 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 for-merly worked for Chipotle Mexi-can 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 mac-aroni 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 execu-tives of Boulder-based Pharmion

Corp., which he also co-found-ed. 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 com-pany’s cancer-treatment drug can-didate, 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-develop-ment 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.

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 restau-

rants 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.


BOULDER VALLEY REAL ESTATE WATCH BOULDER COUNTY BUSINESS REPORT WWW.BCBR.COM

Plans in works to redevelop James buildingBOULDER — Local real estate

management and development firm ElementProperties LLC has filed con-cept plans with the city of Boulder that could bring one of the downtown civic area’s first commercial rede-velopments 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 con-struction on the parking lot around it.

The project includes 8,517 square feet of traditional office space in addi-tion to 1,570 square feet of “micro-offices.” 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 proj-ect 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 cross-section of our population.”

In August, the James family sold the James Travel building and the three-

quarter-acre par-cel on which it sits for $3.7 mil-lion to an entity formed by Ele-ment for the pur-chase. Element then sold just the 10,000-square-foot building to the owners of Broomfield-based

Tax Guard Inc. and 20/20 Tax Resolu-tion 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 neighbor-hood meeting for sometime in January.

If the site-review process progress-es as planned, Kyle McDaniel, project manager for The James, said develop-ers could break ground by late sum-mer or early fall, with construction slated to take 11 to 12 months.

The developers are seeking plan-ning 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 envi-sioned 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 crite-ria,” 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 includ-ed in much of the redevelopment downtown in recent years. While the residential units won’t be rent-restrict-ed, 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 multi-income 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

REAL ESTATEJoshua Lindenstein

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.

➤ See Real Estate, 25A


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 Rich-ard 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 gar-den and the proximity to downtown amenities such as the RTD bus sta-tion. 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 Englewood-based hotel development and manage-ment firm, earlier this month submit-ted 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 loca-tion. To the northeast, at the site of the former Best Western Golden Buff Lodge and Eads Newsstand, develop-ers 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 Stone-bridge. “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 con-tract to purchase the land for the hotel, but declined to disclose the sale price.

The hotel would become Boulder’s second Residence Inn, an extended-stay, limited-service model. The first, at 3030 Center Green Drive in north-east Boulder, is not affiliated with Stonebridge. Stonebridge operates 25 hotels in Colorado, mostly in the Den-ver 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

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 configu-ration, 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 under-ground 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 fla-vor 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 speculat-ing 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 Fron-tier Ave., Unit A2, in Boulder.

Founders Lewin and Bill Goodrich, operating as The Studio LLC, are ren-ovating the space for about $250,000. It includes conference rooms, a com-munal meeting area, kitchen, mul-timedia rooms, bathrooms, showers and outdoor decks.

“The idea is to create commu-nity 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. Co-working desks are commonly shared at different times by more than one person.

Private offices have monthly rents ranging from $920 to $1,140. Two pri-vate 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 one-third of the space, she said. Lewin invested in remodeling the total space, which is leased for an undis-closed amount.

Construction is expected to be complete in mid-December. Tours are available by signing up at thestu-dioboulder.com.

LONGMONTGE LIGHTING TO LONGMONT:

GE Lighting Systems Inc. plans to move its growing manufacturing busi-ness from Boulder to a 63,000-square-foot 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 loca-tion 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 com-pany 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 prox-imity to the 174,000-square-foot GE Energy plant at 1800 Nelson Road, next door, he said.

General Electric does not release

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 trans-action. 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 for-mer Albeo Technologies Inc. in Boulder in 2012, which was founded by Bisberg.

BOULDER COUNTYOCTOBER FORECLOSURES:

The number of Boulder County fore-closure 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. Broom-field 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 fil-ings in October versus the same month a year ago, falling to the lowest level in any month since the Division of Hous-ing began collecting the totals in 2007.

Beth Potter contributed to this report. Joshua Lindenstein can be reached at 303-630-1943 or [email protected].

Highest-Priced Home Sales in Boulder CountyOctober 2013Sale 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

Foreclosuresin Boulder Valley Oct. 1 – 31, 2013

City Foreclosures Deeds Filed IssuedAllenspark 0 0Boulder 3 3Broomfield 7 4Eldorado Springs 0 0Erie 1 0Golden 0 0Gold Hill 0 0Hygiene 0 0Jamestown 0 0Lafayette 1 4Longmont 10 4Louisville 1 0Lyons 2 1Nederland 0 0Niwot 1 0Pinecliffe 0 0Superior 1 0Ward 0 0TOTAL 27 16*Reflects only the portion of Golden in Boulder County

Source: Public trustees of Boulder and Broomfield counties

26A | Dec. 6-19, 2013

Boulderite Scott A. Smith has a plan to balance the federal bud-get, 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 revolu-tionary four-point plan for the U.S. economy.

The key to Smith’s four-part plan is taxing the flow of financial transac-tions taking place every nanosecond of every day – a whopping $2,510 trillion in regulated annual transac-tions, 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

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 econo-my, as consumers would spend the money they save from not paying taxes, boosting the gross domes-tic product.

“The chronic f ight in Con-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 propos-als would result in a substantial increase in the amount of discretion-ary 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, assum-ing a $400,000 mortgage, $100,000

in student loans and $50,000 in con-sumer 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, edu-cation and technology.

He was an early pioneer in struc-tured 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 Boulder-based FinaTech, a portfolio of patent-pending structured solutions for pri-vate 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 303-630-1949 or [email protected].

Welcome 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 expe-rienced high foreclosures, rising inven-tories and downward price pressures.

Today, the Boulder Valley is expe-riencing 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.

At the Boulder Valley Real Estate Conference & Forecast, conducted recently at the Stadium Club at Fol-som Field, Re/Max of Boulder’s D.B. Wilson highlighted some of the chal-lenges 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.

Tight housinginventoriesto continue

Boulderite backs boomsday scenarioSmith: My 4-point planbalances budget, cutsincome tax, pays off debt

OPINION BOULDER COUNTY BUSINESS REPORT WWW.BCBR.COM

EDITORIAL

BOULDER COUNTY BUSINESS REPORT 3180 Sterling Circle, Suite 201, Boulder, Colo. 80301-2338, is published biweekly by BizWest Media LLC a Colorado corpora-tion, in Boulder, Colo.

VOLUME 32, ISSUE 26

To advertise or subscribe: 303-440-4950 Fax: 303-440-8954 Online edition: www.BCBR.comThe entire contents of this newspaper are copyrighted by BizWest Media with all rights reserved. Reproduction or use, without permission, of editorial or graph-ic content in any manner is prohibited.

PUBLISHERChristopher Wood ................ [email protected]

EDITORDoug Storum ..................... [email protected]

COPY EDITORDallas Heltzell.................... [email protected]

WRITERSJoshua Lindenstein ....... [email protected] Beth Potter [email protected]

RESEARCH DIRECTORMariah Tauer [email protected]

PRODUCTION DIRECTORDave Thompson [email protected]

WEB DIRECTORChase Miller ........................ [email protected]

WEB DESIGNERDenise Schwartz [email protected]

DIRECTOR OF BUSINESS DEVELOPMENTKevin Loewen ................. [email protected]

ACCOUNT EXECUTIVES Storm Hostetter ............... [email protected] Scott Haniszewski [email protected]

DIRECTOR OF EVENTS AND MARKETINGRenie Mayfield [email protected]

CIRCULATION MANAGERJanet Hatfield [email protected]

OFFICE MANAGERTiffanie Moore [email protected]

CARTOONISTRon Ruelle

CONTRIBUTING PHOTOGRAPHERJonathan Castner

OBSERVATIONSDoug Storum


BCBRDAILY 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 coun-ty 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 Octo-ber 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 look-ing 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. Colo-rado’s rate was down from 7.7 percent in October 2012.Posted Nov. 22.

RoundPegg raises $2.8 millionBOULDER – Software company

RoundPegg Inc. announced comple-tion of a $2.8 million round of fund-ing. Lead investors were Access Ven-ture Partners, Point B Capital and Dundee Venture Capital, according to a press release.

RoundPegg provides web-based tools that help manage company cul-ture, integrate acquired companies,

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 cli-ent base that includes eBay, Kaiser Permanente and Nike. The release did not say specifically what the lat-est funding will be used for but did indicate that the company is adding to its sales and marketing teams.Posted Nov. 22.

Fresh VC lets Revolv hireBOULDER – 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 con-trol 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.

BDA expands to FloridaBOULDER – Boulder Digital Arts

LLC has big plans to expand its train-ing-program company to sites across the nation, recently opening an office in Sarasota, Florida.

Owners of the Boulder-based digi-tal-arts program formed the Creative Collective company within its walls to handle expansion plans. Creative Col-lective partnered with a business incu-bator 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 incu-bator office, and “ED,” short for “educa-tion,” for the new training programs offered through Creative Collective.

HuBED is billed as a “community-powered 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; Port-land, Oregon; and Miami, said Bruce Borowsky, who co-owns Boulder Dig-ital Arts with Zach Daudert.Posted Dec. 3.

Medical center opensF R E D E R I C K – T h e

36,000-square-foot Indian Peaks Medical Center has opened near the

intersection of Colorado Highway 52 and Interstate 25 in Weld County.

The center at 440 Oak St. in Fred-erick includes primary-care, cardiol-ogy 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.

An open house is scheduled for Sunday, Dec. 8, at the medi-cal 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 infor-mation 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 Den-ver managed the project. Fransen-Pittman Construction Co. Inc. in Denver was the general contractor.Posted Dec. 3.

How to avoid holiday etiquette gaffes at workBy its very nature, the work-

place is a minefield of hidden dangers for the etiquette

challenged. Come holiday time, even seasoned employees make eti-quette 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

you want to give gifts to others in the office, do it in private.

Posting inappropriate pho-tos 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. If you just can’t 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 num-ber, 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 peo-ple 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, writ-ten 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 holi-day get-together, ask your work-place friends to please not discuss it during workplace hours. Hurt feel-ings can affect workplace relation-ships 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 rein-deer brooch pinned to a lapel or Hanukkah cards splayed out on a desk. But if your cubicle is start-ing to resemble Santa’s workshop, complete with fake snow, a Nativ-ity 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 reli-gious. Keep your tinsel for the tree at home.

Participating in the end-of-year rumor mill. Nasty gossip, vicious during any season, has a particu-larly 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 purg-ing? 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.

Vicky Oliver writes books on job-hunting and job-interview questions, business etiquette, frugalista style, advertising and office politics. She can be reached at [email protected].

GUEST OPINIONVicky Oliver

Serving Boulder and Broomfield CountiesVolume 32, Issue 4 | Feb. 8-14

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