1A1A 1A
GIVING GUIDE Helpful directory of nonprofits in Boulder Valley Special publication
Serving Boulder and Broomfield Counties $1 Volume 29 Issue 5 | Feb. 19 - March 4, 2010 Foresters land stimulus funding BY JEFF THOMAS this fast,” White said. The group has [email protected] Anchor Point Group creating jobs overseen on-the-ground projects, includ- ing an equally large project in the Vail/ BOULDER — Chris White has spent to prevent catastrophic wildfires Beaver Creek area, but normally does most of his working life helping com- about 90 percent planning and 10 per- munities protect against catastrophic ground as he has today. and Reinvestment Act of 2009. It will cent managing fire-mitigation crews. wildfires, and the Boulder company he The Anchor Point Group LLC, use the money to thin the growth Those figures are reversed today, co-founded 10 years ago is internation- a fire-management consultant firm that feeds wildfires around mountain which means Anchor Point has to ally known for that expertise. named for the center at which fire sup- communities in Gilpin, Boulder, Lar- hit the ground running with five new But he’s never had quite the oppor- pression activities begin, received $1.7 imer and Grand counties. employees it is hiring with the fund- tunity to put that knowledge on the million from the American Recovery “We’ve never done anything this big ➤ See Funding, 7A SimpleGeo targets app developers Boulder startup enters relatively untouched location-data market
BY RYAN DIONNE [email protected]
BOULDER — With the prevalence of smart phones and location-based social media services, Matt Galligan thinks he’s in the perfect market. Galligan and Joe Stump co-founded Boulder-based SimpleGeo Inc. to pro- Section B | Feb. 19 - March 4, 2010 vide back-end location-based infra- structure for application developers. Rising business stars By scooping up location-based data in the Boulder Valley and storing it until needed, Galligan MICHAEL MYERS and Stump said they’re getting a hold Joe Stump, left, and Matt Galligan co-founded SimpleGeo Inc. to fill a void in the location- By any standard, the Boul- on a relatively untouched market. based technology industry. Boulder-based SimpleGeo collects location-based data that can der County Business Report’s Currently, they said, there’s no major be used by software developers. inaugural class of the Forty competition. Under 40 represents an amaz- Late last year, Twitter bought Sim- at, users potentially could find out mobile development overall, and so ing group of young profession- pleGeo’s biggest competitor, Mixer what a specific building is, or power many of these devices have location als. Labs, to give Twitter geotagging capa- companies could access all their data capabilities that are just begging to be From entrepreneurs at bility. But because Twitter doesn’t about a targeted utility pole. tied into social networking,” said Jeff clean-energy companies and focus on geolocation data, Galligan Other uses include pinging Simple- Hammond, a principal analyst with tech firms to up-and-coming doesn’t consider it to be a competitor. Geo’s location database with the user’s Cambridge, Mass.-based Forrester leaders in the nonprofit sector With SimpleGeo’s database, which phone’s GPS coordinates and receiving Research Inc. (Nasdaq: FORR). to banking executives and real is stored at three fully redundant data the address where the user is. “For example, think of a ‘who’s estate professionals, these indi- centers, developers have access to a Stump and Galligan said they’ve near me?’ type capability for all the viduals are the rising business wide array of information that could thought about only a few of the seem- conferences of social events we go to, stars of the Boulder Valley. add value to their app – especially in ingly endless uses for the location- or a ‘where’s the best drink special Meet them in Forty Under the world of smart phones. based database. It’s that growing mar- tonight?’ application for the weekend 40, section B. Based on a phone’s GPS coordi- ket that provides optimism. revelries,” he said. nates and what the phone is pointed “We’ve seen a tremendous spike in ➤ See SimpleGeo, 6A Visit bcbr.com for breaking news
CONTENTS Awards ...... 19A High-Tech Marketplace ...... 6A LISTS Real Estate BCBRdaily ...... 2A Internet News ...... 19A Family-Owned Businesses ...... 8A & Development Boulder Valley Scoreboard...... 10A Nonprofit Network ...... 27A Residential Property-Management Selling distressed Business Digest ...... 9A Observations ...... 26A Firms ...... 14A property ...... 11A Calendar ...... 27A On the Job ...... 20A Mortgage Lenders ...... 16A ExecStyle CEO Roundtable ...... 4A Product Update ...... 27A Single-Office Residential Racing at the velodrome.... 21A Editorial ...... 26A Real Estate ...... 24A Real Estate Brokerages ...... 18A Eye ...... 3A Multi-Office Residential Real Estate Brokerages ...... 19A 2A 2A2A
2A | Feb. 19 - March 4, 2010 Boulder County Business Report | www.bcbr.com FirstBank buys naming rights to Odeum Colorado Editor’s note: The following is a wrap-up of breaking local business stories published daily BCBR Opinion Poll on the Boulder County Business Report’s Web Our online question: site. Sign up for our free BCBRdaily, an all How will you help a nonprofit local e-news report sent to your e-mail each organization this year? weekday. Just click on “Register for E-News- letters” at www.BCBR.com. Donate money 26.6 %
BY BUSINESS REPORT STAFF Volunteer time 14.2 % [email protected]
BROOMFIELD — Lakewood- Donate money and volunteer time 44.9 % based FirstBank Holding Co. has acquired naming rights to the Odeum I will not donate money Colorado. or volunteer time 14.3 % The live entertainment venue, — 49 responses originally known as the Broomfield COURTESY FIRSTBANK HOLDING CO. Take the BCBR Opinion Poll Lakewood-based FirstBank Holding Co. has acquired naming rights to the Odeum Colorado Event Center, will begin operating as Online at BCBR.com. 1STBANK Center on March 1. events center in Broomfield. This photo illustration shows what the new signs will look like.
Live Rocky Mountains. The facility, stores — they will only be offered they ran out of money. He said there BCBRdaily with a scalable capacity from 3,500 to on the company’s Web site, www. were many reasons why they ran out The agreement, which gives the 6,500 attendees, opened in 2006. elliesecohomestore.com. of money — including they didn’t seek bank naming rights for five years, Ellie’s also is promoting Boulder- more capital from investors. “We never allows FirstBank, the largest locally Ellie’s selling sustainable caskets based Natural Transitions if people found that market,” Johnson said. owned banking organization in Colo- BOULDER — Ellie’s Eco Home inquire about funeral arrangements. He said, as a company, they learned rado, to give customers preferred ticket Store Inc. is entering the funeral busi- Natural Transitions is a funeral-consult- what not to do next time, such as: Wait- access and rights to use the facility for ness via partnerships with Nature’s ing company focused on sustainability. ing too long to address big problems, company and philanthropic events. Casket and Natural Transitions. trying to sell the product before it was Financial details of the transaction Boulder-based Ellie’s will sell caskets TechStars’ startup shuts down ready and making early hiring compro- were not disclosed. made by Longmont-based Nature’s Cas- BOULDER - EventVue Inc., a mises instead of smart decisions. The center, located adjacent to ket. The caskets are made of wood from 2007 TechStars company that con- U.S. 36 at 11450 Broomfield Lane trees killed by pine beetles. The caskets nected eventgoers before the event, Kmart closing in Longmont in Broomfield, is owned by the city are100-percent biodegradable and made has closed. LONGMONT — Kmart plans to of Broomfield and managed by Peak in a facility that is powered with energy Rob Johnson, co-founder of the Boul- close its store in Longmont at 2151 Entertainment, a joint venture of obtained through wind credits. der-based firm, said he and co-founder Main St. in May. Kroenke Sports Enterprises and AEG The caskets won’t be available in Josh Fraser closed the business because ➤ See BCBRdaily, 10A Smart solutions for your Banners business needs We offer everything you value from a local business • Expert assistance and personal service Trade Show Booths • Flexibility to meet your growing and changing needs • Responsive, dedicated support when you need it
...with everything you demand from a big business • over 40,000 items one day away • Competitive value pricing and FREE local supply delivery • No minimum order fee • Powerful network of 31 nation wide distribution centers Banner Stands Whether your business is large or small, we look forward to showing you why we are your single source for business products. Come visit our New Location! The Photo Craft Building at 2901 55th St. (55th and Pearl Pkwy.) Boulder (303)442-6410 Celebrating our 36th year Serving Boulder County Since 1974 www.pcigrafx.com 3A3A 3A
Boulder County Business Report | www.bcbr.com Feb. 19 - March 4, 2009 | 3A InPhase lays off workers; hopes to restructure BY DAVID CLUCAS “Ultimately, the company didn’t up the East Coast-based Signal Lake Longmont. [email protected] have enough money to keep it going, Management LLC, invested in and “It’s where the talent pool is for but the reality is that the company has helped InPhase raise money. disk drives,” he said. LONGMONT - InPhase Tech- made significant progress to make a Stuck said InPhase raised about Similar to CD and DVD storage, nologies Inc., a Longmont-based com- viable commercial product,” said Bart $100 million over the past nine years InPhase’s technology uses lasers to pany developing holographic disk Stuck, an investor of InPhase since its to develop and advance the technol- write data onto a disk. But with data-storage technology, laid off its 60 inception in December 2000. ogy. The company’s Tapestry 300r holographic storage, a lot more data employees after the company simply The company was founded as a holographic storage drives have a can be written at one location on ran out of money. Lucent Technologies venture, spun capacity of 300 gigabytes; equivalent the disk, each at a slightly different Officials with the nine-year-old out of Bell Labs research, with the to 460 CDs or 64 DVDs. InPhase was angle. Each layer of data has its own company said they are in the midst of goal of being the first company to working to make the product more unique angle, so much like a holo- raising additional capital to restruc- bring holographic data-storage tech- commercially viable. graphic image, when the viewing ture and put the company back nology to market. Stuck, who also Stuck said if InPhase can be restruc- angle is changed, so does the image together as soon as they can. worked at Bell Labs and now heads tured and return, it will remain in of data. A horse’s heart and soul
COURTESY BOULDER INTERNATIONAL FILM FESTIVAL Actor Alec Baldwin drew a crowd to his clos- ing night tribute at the Boulder Theater during the Boulder International Film Festival. Film festival attendance sets record The sixth annual Boulder Interna- tional Film Festival set an attendance JONATHAN CASTNER record this year with 16,450 people Emily Johnson, right, owner of Mountain Rose Horsemanship Training in Longmont, works with client Moran Wilson and her horse, Char- attending the four-day event Feb. 11-14 lie. Johnson offers horses, horse owners and horse lovers the opportunity to learn how to be “their best selves” from each other. that featured special events with actors Alec Baldwin and Blythe Danner, 13 sold-out films and the inaugural Digital Training focuses on creating equine-human partnership Media Convergence Symposium “The 2010 Festival was a stunning BY ELIZABETH GOLD owners and horse lovers the oppor- curious about a mountain lion and success made possible by BIFF’s unique [email protected] tunity to learn how to be “their best goes to investigate, it gets killed.” combination of accomplished filmmak- selves” from each other. An additional difference in the ers, cinema lovers, sponsors and volun- LONGMONT — A realization “I first started out as a horse train- psychology of prey animals versus teers, and we thank them all for their came to Emily Johnson while study- er, but horses get trained to a specific predators comes from the basic prin- important contributions, “said Robin ing equine science at Colorado State human not to humanity,” Johnson ciples of pressure and release. Beeck, BIFF’s executive director. University that set the course for explains. “Training a horse is about To predators, pressure is a plea- what she would do with the next building a trusting relationship with a surable way of connecting physically phase of her life. human. To serve the horses, I needed with each other. We like standing THE EYE “I realized that I didn’t want to to teach people how to teach them close, touching and hugging. “I get learn where a horse’s tendons and — starting with how to understand home and my dog runs to greet me, ligaments were but where their heart their psychology and behavior.” rubbing up against me while I pet and soul were.” Horses are prey animals by him,” Johnson explains. To honor the insight, Johnson set nature, according to Johnson, and Prey animals, however, are all According to USA Today, Boulder out to bring her passion to life by open- polar opposite from what humans, about safety and survival and move is the happiest and healthiest city in ing Mountain Rose Horsemanship dogs and cats are: predators. away from pressure. the U.S. Training in 2006 at the age of 21. “Picture an unexpected object “If someone is standing next to Boulder was followed by Holland/ Today she maintains a 40-acre in your house — a mouse running me and shifts a few inches away or Grand Haven, Mich. and Honolulu, ranch in Longmont that includes across the floor. A dog and cat would toward me it’s no big deal. But prey Hawaii, according to the Gallup- paddocks, a riding arena and a pen go investigate it because predators animals are attuned to all shifts. Healthways Well-Being Index. used for instruction. With four have the luxury of getting curious,” They move away from pressure. The study obviously didn’t factor employees, four lesson horses and she says. “Prey animals, on the other Sheer fear is their reaction to it.” in people’s unhappiness with the lack space for 15 horses to board during hand, don’t have that luxury. It’s all Prey animals actually learn from of snow this winter and high housing training, Johnson offers horses, horse about survival for them. If a horse gets ➤ See Soul, 18A ➤ See Eye, 9A 4A 4A4A
4A | Feb. 19 - March 4, 2010 Boulder County Business Report | www.bcbr.com Bankers say commercial Consistency Counts real estate market in limbo Strength on its own can be impressive. When consistency is added, that’s when it becomes real. At Northwestern Mutual, Buyers on sidelines waiting for discounts we’ve been able to deliver real strength for over 150 years. DAVID CLUCAS CEO ROUNDTABLES [email protected] The Boulder County Business Report conducts Northwestern Mutual paid more dividends than any company CEO Roundtable discussions monthly to address in the industry for the past 12 years. BOULDER –The mood of local key issues facing companies and industries in bankers was better than a year ago at Boulder and Broomfield counties. this event, but an air of uncertainty The CEO Roundtable is conducted in collabora- remained over how the commercial tion with Holland & Hart LLP and Ehrhardt Keefe real estate mortgage market would Steiner & Hottman PC. The roundtables are pan out for the industry in 2010. closed to the public, but the Business Report Ten area banking executives gath- reports on each roundtable in its print editions ered at the downtown Boulder offices and posts video interviews with some partici- of Holland & Hart on Feb. 9 to share pants on its Web site at www.bcbr.com. their opinions at the Boulder County Business Report’s CEO Roundtable 2010 schedule event sponsored by Holland & Hart Jan. 19: Economy, published Feb. 5 Feb. 9: Banking, published Feb. 19 LLP and Ehrhardt Keefe Steiner & March 9: Energy and Utilities, publishes March 19 Hottman PC. April 20: Natural Products, publishes April 30 May 18: Green Business, publishes May 28 June 15: Outdoors Industry, publishes June 25 July 13: Real Estate, publishes July 23 Put our strength to work for you. Contact me to learn how. Aug. 10: Innovation, publishes Aug. 20 Sept. 7: Health Care, publishes Sept. 17 Oct. 19: Technology and Telecommunications, Daniel M. Day, CLU®, ChFC® publishes Oct. 29 Wealth Management Advisor “There’s not enough capital in the (303) 444-8840 system to work out all these (com- Nov. 16: Bioscience, publishes Nov. 26 danday.com mercial) loans coming due,” said Kyle Sponsored by: Heckman, president of Boulder-based Flatirons Bank. “Will the market fall 05-2931 The Northwestern Mutual Life Insurance Company, Milwaukee, WI (Northwestern Mutual). Daniel Macleish Day off a cliff? No. But will it tumble is an Insurance Agent of Northwestern Mutual (life and disability insurance, annuities), a Representative of Northwestern Mutual Wealth Management Company®, Milwaukee, WI, a subsidiary of Northwestern Mutual and limited purpose federal down the stairs? Yes.” savings bank, and a Registered Representative of Northwestern Mutual Investment Services, LLC (securities), a subsidiary of Northwestern Mutual, broker-dealer and member FINRA and SIPC. The dividend scale and the underlying interest rates Local bankers said the investors are reviewed annually and are subject to change. Future dividends are not guaranteed. that supported all the commercial loans a few years ago through the banks are now on the sidelines, and they won’t return until they think the executives are having to deal with market has hit a bottom. increased pressure from regulators – Boulder Business & Right now they’re only looking for many telling them to reduce their real “screaming deals.” And that has hurt estate concentrations. That’s led banks Professional Women the local Boulder Valley transaction to sell off real estate they’ve acquired market, said Joe Coleman, area man- through foreclosure or troubled loans on ager for Chase Bank. their books to investors at a discount. “I’m seeing a lot more transaction “Some of them are pretty big dis- P sen activity outside of the (Boulder) city counts,” said Elizabeth Dodds, presi- Celebration of Women and county,” Coleman said. “The dent of First National Bank in Boul- buyers are following the discounts in der. “Up to 50 percent off, especially When: Thursday, March 18 from 5:15-8:30 pm. the Denver metro area and Northern on land.” Honoring: Woman of the Year, Woman Owned-Business of Year, Colorado. The owners here aren’t Those discount opportunities in Man of the Year, Member and New Member of the Year accepting discount prices, yet.” real estate are pulling some inves- The question is if local landlords tors away from the venture capital have enough money to hang on. If funding market, said Frank Amoroso, Young Careerist Program they run out, the log jam will break, senior relationship manager at Silicon When: Thursday, April 15 from 5-8:30 pm. bankers said. Valley Bank in Broomfield. Still, some Highlights achievements of women between age 21 and 35 Within the banking industry, local ➤ See Bankers, 5A Seeking YC Candidates and Exhibitors. YC Applications due April 2.
Exhibits selling out fast. Events Location: Spice of Life Event Center in Boulder A sell-out is expected. Register Early!
Info and Register now at www.boulderbpw.org Volume 29: Issue 5 Events support YWCA, Colorado BPW Education Foundation, Feb. 19 - March 4, 2010 and other advancement of women programs Copyright 2010. Boulder Business Information Inc., a subsidiary of Brown Publishing Co. Reproduction or use of editorial or graphic content without written permission is prohibited. Corporate Sponsor: Media Sponsors: The Boulder County Business Report (USPS 018-522, ISSN 1528-6320) Is published biweekly, with an extra issue in December, by Boulder Business Information Inc., 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 $180.00.
POSTMASTER; Send change of address notices to: Jgfejfij_`gjXi\jk`ccXmX`cXYc\%:Xcc*'*$+(,$*./'KF;8P The Boulder County Business Report, P.O. Box 1399, Fort Collins, CO 80522. (303) 440-4950 Fax: (303) 440-8954 E-mail:[email protected] Web: www.BCBR.com K_\9lj`e\jjXe[Gif]\jj`feXcNfd\e 9GN nfibj]fi]lccgXik`Z`gXk`fe#gXp\hl`kp#Xe[\Zfefd`Zj\c]$jl]ÔZ`\eZp]finfib`e^nfd\e% 5A5A 5A
Boulder County Business Report | www.bcbr.com Feb. 19 - March 4, 2009 | 5A
BANKERS from 4A Stay informed encouraging news is that activity has picked up in past eight weeks, Amo- with BCBR roso said. Laurie Bartholomew, president of REAL ESTATE U.S. Bank in Boulder, echoed that sen- timent, saying that transactions –albeit eNewsletters few –were starting to get done again. Rick Nelson, senior vice president and regional private banking manager at Wells Fargo Private Bank, said he sees many clients taking advantage of low fixed-interest rates and other conservative moves –keeping more in reserve and using debit cards instead of credit cards. Their largest concern today is the possibility of higher taxes, he said. Tom Chesney, president of AMG National Bank Trust’s commercial banking division, said the industry likely will see more consolidations in the next few years as banks realize Reporting the there are too many providers for too RYAN DIONNE little activity. Heckman countered Tom Chesney, right, president of AMG National Bank Trust’s commercial banking division, that the opposite may happen as regu- said the industry likely will see more consolidations in the next few years as banks realize region’s top real lators look to break up larger financial there are too many providers for too little activity. Looking on, from left, are Laurie Bar- institutions. tholomew with U.S. Bank and Frank Amoroso with Silicon Valley Bank. Matt Roan and Nancy Stevens with estate news every First Western Trust Bank in Boulder participants said their bank is looking fill the void Frank Amoroso, senior relationship manager, Silicon Valley Bank; Laurie Bartholomew, market presi- Wednesday. of other banks pulling back –they’re dent, U.S. Bank; Tom Chesney, president, commercial banking division, AMG National Bank Trust; Joe looking to grow. Coleman, area manager, Chase Bank; Brian Connor, branch president, Advantage Bank; Elizabeth “We’d like to be making a lot more Dodds, president, First National Bank of Boulder; Kyle Heckman, president, Flatirons Bank; Rick Nel- loans, but we haven’t seen the busi- son, senior vice president/regional private banking manager, Wells Fargo Private Bank; Matt Roan, SUBSCRIBE NOW! ness activity come back quite yet,” president, First Western Trust Bank; Nancy Stevens, chairwoman, First Western Trust Bank. Stevens said. 303-440-4950 | www.BCBR.com
TRANSITIONING FROM YOUR BUSINESS? IN 2010, FIVE MILLION OWNERS WILL CONSIDER THIS CRITICAL DECISION A Certified Exit Planner guides: HjXXZhh[jaigVch[Zgid[Vb^anbZbWZgh IgVch[ZgidZbeadnZZhdgh]VgZ]daYZgh HVaZidVi]^gYeVgin >cXgZVh^c\cZildgi]d[Wjh^cZhhjci^aigVch[Zg BVm^b^o^c\egdÒi[gdbigVch^i^dc 8N8I;J BGBG Green Building Education RESIDENTIAL BROWNBROWN BAG SERIES:SERIES: Green and Healthy Interiors, REI Commu- nity Room, 1789 28th St Boulder, March 9, 2010 11:30 AM - 1:30 PM COMMERCIAL BROWN BAG SERIES: Commercial Roofing Options - What you need to know for the ClimateSmart Loan Program Sharing Boulder’s vision for the future. Helping the community prosper. -- REI Community Room, 1789 28th St Boul- der, March 3, 2010 11:30 AM - 1:30 PM Business and Finance Homes and Services for the Aging Litigation Education Law Immigration Law and Naturalization Real Estate PANEL DISCUSSION: R.O.I. in 5 Years – How to take advantage of time critical Employment Law Land-Use and Development Special Education For More Information, Rebates and Incentives to Green your build- Health Law Lifestyles of Health & Sustainability (LOHAS) Wills, Trusts and Estates Please Visit ing. February 26, 2010, 11:30 AM - 1:30 PM, Boulder County Main Court House, Phone: 303-443-8010 • www.celaw.com bgbg.org 1325 Pearl Street, Commissioners Hearing One Boulder Plaza • 1800 Broadway, Suite 200 • Boulder, CO 80302-5289 Room on 3rd Floor ARTWORK BY BETSY CAPLAN 6A 6A6A 6A | Feb. 19 - March 4, 2010 Boulder County Business Report | www.bcbr.com Soldiers benefit from high-tech earplugs BY LYLA D. HAMILTON Environmental [email protected] Acoustical Research Inc. BOULDER — Healthy hearing is 5673 Arapahoe Ave., Unit L among the casualties of war. Boulder, CO 80303 303- 447-2619 Fifteen percent of the American www.hearplugz.com veterans who began accepting disabil- Garry Gordon, CEO; Andrew Gordon, president; Hol- ity compensation in fiscal 2008 had lyn Gordon, vice president and chief financial officer; service-connected tinnitus (noises Employees: 6 in the ear) or hearing loss. The tab Primary service: hearing protection products for these taxpayer-funded benefits Founded: 1994 exceeds a billion dollars annually. Boulder-based Environmental officer, Gordon said, which generates Acoustical Research Inc. offers a $25 leads for industrial sales of the earplugs. solution: the HearPlugz-DF. This new Gordon anticipates sales of 1 mil- hearing protection device features dual lion to 2 million HearPlugz-DF sets in acoustical filters to suppress noise. While JONATHAN CASTNER the first year, moving quickly to five or protecting their hearing, combatants can The HearPlugz-DF custom-fit, left, and universal-fit earplugs, made by Boulder-based Environ- 10 times that annually. hear others speak and even communi- mental Acoustical Research Inc., headed by Garry Gordon, has dual filters than let in low level He characterized the recent prod- cate via two-way radio or cell phone. noise like voices while blocking loud noises such as helicopter engines or bomb explosions. uct of the year award as “a big deal” In 2009, Occupational Health & for the small, family-owned business. Safety magazine named the Hear- rating from American troops. “Data and hospitality employees who work in “The recognition and market aware- Plugz-DF the new product of the year presented a year ago at the American noisy environments are also at risk. ness help us compete with the likes in the hearing protection category. Academy of Audiology looked good,” Field testing of the HearPlugz-DF in of 3M Co.,” he explained. “Those serving in the military aren’t Gordon said. “But we needed to know industrial markets has yielded positive One subsidiary of that Minnesota- wearing the hearing protection that’s whether ‘Mikey’ liked it.” results, Gordon said, noting especially based conglomerate focuses on hearing provided because it doesn’t fit well, To reach the military market, that the company had been in touch protection and offers the Combat Arms and it keeps them from hearing voices E.A.R. is negotiating contracts with with pilots and crews on oil rigs. earplug for military applications. or other warning sounds,” said Garry the General Services Administration, Gordon said the recreational mar- Other competitors include Nor- Gordon, E.A.R.’s chief executive. the federal government’s centralized ket is currently the company’s largest way-based Nacre AS. The U.S. Army, “When an attack occurs,” he noted, procurement system. segment. Users of its earplugs include Navy and Marine Corps have all pur- “there’s no time to put on hearing chased hearing protection devices protection.” HIGHTECH from Nacre. Purchasers of the com- The HearPlugz-DF’s patent-pend- MARKETPLACE pany’s QuietPro or QuietPro+ also ing filtering system adjusts to the include the French Special Forces, the level of noise in the environment. It E.A.R.’s network of independent firearms enthusiasts, snowmobilers Royal Netherlands Armed Forces and protects the wearer from both the representatives also includes retired ser- and motorcyclists. the Norwegian Army. continuous noise of a helicopter or vice personnel who have introduced the “Even football players need filtered HearPlugz-DF units, which come in other engine and impact noise such as device at various military procurement earplugs,” he said, citing the noise three sizes and various colors, are avail- gunfire or the detonation of an impro- offices and testing locations. levels exceeding 100 decibels that able at E.A.R.’s website and through vised explosive device, or IED. E.A.R. also sells to the armed forces buffeted the Minnesota Vikings in a 2,500 distribution points that include According to the American Tin- in Canada, Australia, Turkey, Great Brit- recent game. audiologists, industrial medicine prac- nitus Association, an Apache heli- ain and Japan. Gordon said that distribu- Among consumers, personal rec- titioners and industrial safety experts. copter pilot experiences noise at 104 tion of the HearPlugz-DF in Europe “is ommendations foster sales. “We sell a E.A.R., incorporated in 1994, decibels. Eight hours of unprotected coming online” as the company seeks pair of earplugs to a trap shooter, who has been in Boulder for almost four exposure to that volume of noise can appropriate certification there. then tells his friends about it because decades. Its recent expansion included cause serious hearing impairment. Customers include industrial and they have the same problem,” he said. modest hiring and took the company’s Detonation of an IED, with noise consumer users worldwide. Industries Actor and gun owner Tom Selleck footprint to more than 4,000 square levels at 140 decibels or more, can in which hearing loss is an occupation- has given E.A.R. products visibility on feet. The local operation houses cor- rupture an eardrum or cause perma- al hazard include agriculture, mining, television. In addition, the company porate functions and serves as a dis- nent tinnitus. construction, manufacturing, trans- works with the U.S. Olympics shooting tribution point. Laboratories in Penn- Field-tested in Afghanistan, the portation, utilities and law enforce- team. Consumers often take the prod- sylvania and Florida manufacture the HearPlugz-DF earned a thumbs-up ment. Audio engineers, entertainers uct to their corporate safety or medical hearing protection products. SIMPLEGEO from 1A What makes geolocation collection Too many young companies or founded Socialthing Inc., which was SimpleGeo Inc. hard, Stump said, is that thousands first-time entrepreneurs are focused acquired by AOL LLC, and Stump of location points are being collected on the end result without seeing the was the lead architect at Digg. 1360 Walnut St., Suite 110 every second — such as in the form of overall picture, Galligan said. Their business plan and track Boulder, CO 80302 geotagged photos, Twitter messages SimpleGeo is in private beta with records helped them land $1.5 mil- 303-482-2488 www.simplegeo.com and FourSquare information. about 400 people testing the features lion in funding within a month of Matt Galligan, Joe Stump, co-founders Typically, most information is clus- now, but Stump said they plan on open- switching gears toward what they’re Employees: 8 tered according to location, which ing it to the public in March. It wouldn’t doing now. And they plan on raising Primary service: Providing back-end location- means locations like New York City be that soon without Galligan’s and more later this year. based infrastructure for developers are way more popular than places like Stump’s business strategy, they said. The duo initially formed Crash Founded: 2009 Lafayette. The popular locales can In order for SimpleGeo to produce Media Inc., which was focused on overload servers handling that data, but a product or feature that’s 80 percent reality gaming for smart phones. SimpleGeo is working to distribute the ready, his team would need until They planned on creating games information evenly, Stump said. June. Instead, they launch products like scavenger hunts and geocaching fully launch a location-based gaming By structuring the business so the that are 30 percent ready knowing games where people would play using company, Galligan and Stump decid- development team has two-week that users will find bugs that Simple- their cell phones. In a scavenger hunt, ed to change gears, and the company tasks that ultimately accomplish Sim- Geo can quickly fix. the user may have to go to a specific name, to pursue SimpleGeo. pleGeo’s short- and long-term goals, Despite their ages, Stump is 29 and nearby location and upload a picture “We’re not a sexy forward-fac- Galligan said his team can think on its Galligan is 25, their experience and of a specific object. ing company,” Galligan said. But the feet and react quickly if something is history speaks for itself. But, after figuring out they needed company is sexy to developers, Stump or isn’t working. Prior to joining forces, Galligan co- the backend infrastructure to success- added. 7A7A 7A Boulder County Business Report | www.bcbr.com Feb. 19 - March 4, 2009 | 7A FUNDING from 1A ing. In addition, the group expects 46 breaks. Rodrigo “Rod” Moraga have very local and later worked for the city of Boul- “temporary” positions will be retained “Once they have the projects roots. White has specialized in wild- der Open Space department as the or created by the crews who will actu- selected, Anchor Point takes over,” land-urban interface fire management ranger supervisor responsible for law ally do the logging. White said. The work may be allo- for 21 years, beginning at the Colo- enforcement, search and rescue, fire But what White envisions goes cated to fire-mitigation crews from rado State Forest Service where he and medical response, and then the beyond temporary. He hopes the the counties or rural fire departments developed plans to mitigate wildfire forest and fire ecologist. In 1999, he funding leads to an economically sus- or put out to bid to a selective group impacts for approximately 1,100 sub- was hired by the Boulder Fire Depart- tainable forestry model and sustained of logging companies. divisions. In 1994, he became a fire ment as the prescribed fire manager, employment for the logging crews. For the co-founders of Anchor management specialist for Boulder overseeing forest management and His own group has doubled in size Point, the project is very much a home- County and helped develop the first prescribed fires on the city’s public with the additional staff members. coming. As the company’s expertise national building and development lands. “The money is not to get the most has grown so has its work locations code for construction in the interface, The duo formed Anchor Point in acres treated,” White said. “We have — from Alaska to Hawaii to Florida. which has now developed into the 2001 and their formulas for protect- to make this more sustainable by cut- “Most of our work now is outside the International WUI Code. ing communities were much of the ting and utilizing the wood. That’s Rocky Mountains,” White said. Moraga began working for the basis for the Community Wildfire critical if we are going to sustain But White, the managing mem- United States Forest Service on the Protection Plans of George W. Bush’s those jobs. ber of Anchor Point, and co-founder White River National Forest in 1988, administration. “This isn’t a road to nowhere. We aren’t building another rock wall.” But it is a tall order in the wood business today because a lack of con- struction has hit all markets, even in Colorado where the emphasis is not on dimension timber. Most of the material thinned from forests surrounding mountain towns will be small in diameter, and White hopes that he will be able to sell that mate- rial, for instance, to small sawmills, furniture makers and for use in bio- fuel — primarily wood pellets or utility plant co-firing material. “We are going to use this opportu- nity to test markets and develop more markets,” he said. “We are aiming for 100 percent utilization, though we know we won’t get there.” Anchor Point received the largest grant in the more than $10 million in stimulus funds allocated through responsive the Colorado State Forest Service for high-priority forests, Community Wildfire Protection Plans and wood industry improvements. But the com- pany had a leg up on the competition, because it had written most of the protection plans outside of Larimer County, which has its own planners for that task. The counties were strategic part- ners in the grant proposal, and now that the funding is in place those counties will begin to set priorities for which plans are implemented first. The counties may take the oppor- tunity to thin areas that have been cost-prohibitive in the past, such as steep slopes. That’s fine with White, who said labor-intensive projects are right in line with the recovery act’s goals. It’s a simple word, but at EKS&H, we strive to be responsive “We are looking for very strategi- cally placed, almost surgically placed, to our clients’ needs and help them reach their goals. fuel breaks to protect communities and lives,” he said. “It’s important to EKS&H- keep the support of the environmen- tJTUIFMBSHFTU$PMPSBEPCBTFEBDDPVOUJOHBOECVTJOFTTBEWJTPSZĕSN tal community, and we’ll do that with tPČFSTBWBSJFUZPGCVTJOFTTDPOTVMUJOHTFSWJDFT good projects close to the communi- tIBTFYQFSUTUIBUSFQSFTFOUUIFUPQJOEVTUSJFTJO$PMPSBEP ties we are protecting.” tIBTPďDFTJO%FOWFS #PVMEFSBOE'PSU$PMMJOT While creating biodiversity and protecting soils are usually not a main To learn more about how EKS&H can meet your goal of protection planning, Anchor business needs, please call Hy Harris or Jim Cowgill Point does take into account values that are suggested to the group during at 303-448-7000. community meetings. Such thinnings create diversity in the age of trees in 1155 Canyon Blvd., Suite 400, Boulder, CO 80302 tP: 303-448-7000 stands and also reintroduce species lost in even-age pine forests, such as aspen, which are important fire 8A 8A8A 8A | Feb. 19 - March 4, 2010 Boulder County Business Report | www.bcbr.com business report =8D@CP$FNE<;9LJ@E Boulder County Business Report | www.bcbr.com Feb. 19 - March 4, 2009 | 9A business digest Penton Media Inc., a New York City-based busi- sories following in summer and fall of 2010. Gaiam ness-to-business media company with an office in (Nasdaq: GAIA), a healthy lifestyle media company, Boulder, intends to file for Chapter 11 bankruptcy. The and Reebok, a subsidiary of the adidas Group based publishing company, which owns health and lifestyle in Canton, Mass., will produce a series of Reebok has a new address. publications in Boulder such as New Hope Natural branded DVDs to be released throughout the duration home Media and Delicious Living Magazine, expects to file of the agreement. Two new programs, Cardio Tone Welcome to Bank of America Home Loans. the bankruptcy papers with the court by the end of the and Boot Camp, will launch in March 2010 and will be week. Penton lenders already approved it. Accord- available wherever fitness DVDs are sold. The fitness ing to a press release, Penton’s bankruptcy filing content of the DVDs was developed by Reebok and Where you will experience a new approach to lending. So you can will negate $270 million of the company’s debt. The Reebok instructors Sara Haley and Tanja Djevelic. choose the mortgage that’s right for you and close it on time. amount of debt Penton has was not released. Financial terms of the deal were undisclosed. t)PNF-PBO(VJEF — a new interactive experience that will help Lehman Communications Corp., publisher of the Broomfield-based Level 3 Communications Inc. you learn about the process, loan options, and what you can Times-Call in Longmont, consolidated three of its (Nasdaq: LVLT) will provide content delivery network weekly newspapers and eliminated nine employees in services to the United States Geological Survey, or comfortably afford. an effort to cut costs. The Louisville Times, Lafayette USGS, a bureau of the Department of the Interior. The t$MBSJUZ$PNNJUNFOU™ — a one-page summary that explains key News and Erie Review were consolidated into the services will optimize Web site performance for www. 1 Colorado Hometown Weekly on Jan. 20. The new usgs.gov and related Web sites that deliver publicly terms of your loan in plain language. weekly has a circulation of approximately 20,000. available information about natural resources and haz- t.PSUHBHFMPBOPGmDFST — located nearby, ready to serve you when Lehman Communications also eliminated nine jobs at ards, including critical updates about earthquake activ- and where you need us. the Times-Call and the Colorado Hometown Weekly. ity. Financial terms of the deal were undisclosed. Of those nine, four were newsroom staff with the rest coming from other departments. Not all nine were Boulder-based biopharmaceutical company miRa- associated with the consolidation. gen Therapeutics has retained Scout Investor Relations to provide investor relations and corporate Whole Foods Market has signed on to be an communications support services. entrepreneurial sponsor for the Boulder Innovation Center’s Natural and Organic Program. New and Boulder-based public relations firm Abraham Paiss early stage companies in the program receive cus- & Associates Inc. has been hired by Berthoud-based tomized assistance designed to help them overcome AgriHouse, an agribiotech firm with aeroponic and bio- the roadblocks and obstacles encountered while control products; Triology Partners, a custom home growing a business. Whole Foods Market will work builder/developer of energy efficient homes based in closely with the innovation center to support member Breckenridge; Goddess Garden, a manufacturer of companies’ natural product growth and development. organic sun-care and facial products based in Boulder, The Boulder Innovation Center’s network of mentors and Mid-Atlantic Cohousing, a consortium of envi- If you are planning to purchase or refinance a home, please call today for more information. and advisers provides assistance to companies in a ronmentally focused cohousing neighborhoods. variety of industries. For more information, visit www. Longmont-based DigitalGlobe Inc. (NYSE: DGO) has Janice Case boulderinnovationcenter.com. signed a contract to modify its service level agreement Senior Mortgage Loan Officer Boulder-based Filtrbox Inc., acquired earlier this year with the National Geospatial-Intelligence Agency. by Jive Software Inc., is eliminating its free “basic” The modification restructures the option for the agency 303.880.7382 service as it focuses more on its business-oriented to extend the term of the agreement. The original option, G2 offering. Filtrbox filters about 10 million articles or if exercised, provided for a single nine-month extension [email protected] posts from online news Web sites, blogs, message of the term from April 1 through Dec. 31 The modified http://mortgage.bankofamerica.com/janicecase boards and social media sites like Twitter. option grants the agency to extend the agreement for three months on the same terms, from April 1 to June 30, 1 The summary is provided as a convenience, does not serve as a substitute for a borrower’s actual loan documents, and is not a commitment to lend. Level 3 Communications Inc. in Broomfield expanded with six additional options, each for a one-month period, Borrowers should become fully informed by reviewing all of the loan and disclosure documentation provided. Bank of America, N.A. Member FDIC. Equal Housing Lender © 2009 Bank of America Corporation. Credit and collateral are subject to approval. its operations and is enhancing its local presence in with the last option term expiring Dec. 31.. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. Central Florida, which includes the Tampa-St. Peters- AR82729 00-62-1322D 06-2009 burg and Orlando metropolitan areas. Level 3 (Nasdaq: GRANTS LVLT) has 600 miles of fiber in Central Florida that Longmont-based BioHarmony Corp. was awarded passes nearly 30,000 businesses. The company will add $50,000 through the Colorado Department of Agri- capacity to the network and will expand the number of culture’s Advancing Colorado’s Renewable Energy businesses directly connected to the network. program to help fund its fermentation acceleration technology that can be used in ethanol production. The PGA Tour’s Tournament Players Club has upgraded to the latest software offering of Boulder- Boulder-based Synergistic Building Technologies based Culinary Software Services Inc. CorTec Inc. was awarded $50,000 through the Colorado Enterprise MMX is software that helps the food- Department of Agriculture’s Advancing Colorado’s service industry make orders and track inventories at Renewable Energy program. The grant is for a phase 2 Are you confident multiple locations. TPC’s network includes 23 facilities study of a close-to-zero carbon footprint greenhouse. (including some still in development) across the U.S The city of Boulder Parks and Recreation Depart- that your that serve as PGA tournament sites ment’s EXPAND Program has received a $15,000 Sprouts Farmers Market in Boulder is selling Boulder- grant from the National Recreation and Park Asso- BACKUP STRATEGY based Ellie’s Eco Home Store’s eco-friendly, nontoxic ciation. The grant, part of the United States Olympic household cleaners and dishwashing liquids. Committee’s Paralympic Grant Initiative, will be used to provide athletic opportunities for injured service is working? Boulder-based Enlaso Corp., a provider of medical men and women. and life sciences translation and localization services, released a case study describing best practices for The Northern Colorado Energy Star Homes coali- streamlining localization and translation processes tion, sponsored in part by Longmont Power & Com- for consumer medical content. The online version munications, has received $50,000 in funding from of “Enlaso Provides Healthwise With Localization the Governor’s Energy Office for the implementation Streamlining Solutions” can be downloaded for free of the Energy Star New Homes program along the at www.translate.com. Northern Front Range. CONTRACTS Deadline to submit items for Business Digest is three Reebok International Ltd. has signed a multiyear weeks prior to publication of each biweekly issue. Mail licensing agreement with Louisville-based Gaiam to Editor, Boulder County Business Report, 3180 Ster- Inc. to launch a line of DVDs, fitness accessories ling Circle, Suite 201, Boulder, CO 80301-2338; fax and workout kits. The Reebok branded fitness DVDs to 303-440-8954; or e-mail to [email protected] with are scheduled to launch in March 2010, with acces- Business Digest in the subject line. Photos submitted will not be returned. DNG’s Data Defender 8JUI[FSPTUBGGUVSOPWFS XF EYE from 3A QSPWJEFBTBGFBOETFDVSFTFSWJDF can SAFEGUARD your prices in the city. /BNFFREE So The Eye isn’t sure which is bet- ESTIMATEZPVSPXO ter: To live in Louisville, the best place QSJDF STRATEGIC ASSETS to live in the U.S., or Boulder, the happy/healthy capital of the country. YOUR IT SOLUTIONS PARTNER Like breaking up with a middle school Call us or go online today girlfriend via a note passed during class, Sun Microsystems Chief Executive Jon- 303-447-8398 athan Schwartz reportedly announced his resignation via Twitter. www.dngnet.com “Today’s my last day at Sun. I’ll &DP'SJFOEMZ1SPEVDUT miss it. Seems only fitting to end on a #haiku. Financial crisis/Stalled too many customers/CEO no more,” he 1SPGFTTJPOBM$PNNFSDJBM$MFBOJOH (SFBU3FGFSFODFT tweeted Feb. 3. 10A 10A10A 10A | Feb. 19 - March 4, 2010 Boulder County Business Report | www.bcbr.com At a glance: Bankruptcies, BOULDER VALLEY Boulder/Broomfield Counties BCBRDAILY from 2A Nov. 2009 71 Í39.7% The national retailer owned by Sears Holding Corp. (Nasdaq: Oct. 2009 131 SHLD), said the closure would be Economic Scoreboard part of 1,300 Kmart stores closing nationwide. Longmont’s location was Year Ago 201 the sole Kmart closing in Colorado. The company has nearby stores in Source: SKLD Information Services LLC Broomfield and Loveland. CITY STATS Population Population City City Latest home Previous year Change in home Last Fifty-nine full- and part-time work- change square miles sales tax median sales price home median median sales price updated ers will be affected by the closing, and sales price Boulder 102,569 0.6% 25.5 3.41% $535,000 $551,375 -3.0% 02/09 officials said the company would look Broomfield 55,000 6.5% 33.6 4.15% $348,490 $310,500 12.2% 02/09 to move as many employees to other Erie 17,500 8.2% 17.5 3.5% $303,540 $303,000 0.2% 02/09 Lafayette 25,945 2.2% 9.3 3.5% $315,000 $315,500 -0.2% 02/09 local Kmart and Sears stores. A liqui- Longmont 87,249 3.9% 22.3 3.275% $220,000 $239,900 -8.3% 02/09 dation sale at the Longmont Kmart is Louisville 19,488 0.5% 7.9 3.375% $355,000 $339,000 4.7% 02/09 Superior 14,000 1% 4.26 3.46% $401,000 $393,000 2.0% 02/09 scheduled to begin Feb. 21. K-Mart leases its space in the REAL ESTATE Latest Previous Change Year ago Change from YTD Change Last from previous year ago from YTD updated 84,180-square-foot building on the Boulder/Broomfield counties 284 336 -15.5% 259 9.7% 4,131 -8.9% 12/09 northwest corner of Main Street and existing home sales Boulder County 20 23 -13.0% 28 -28.6% 363 -27.8% 12/09 21st Avenue. Florida-based real estate new home sales investment group Gator Horizon Part- Boulder County residential $171,383,900 $151,101,100 13.4% $129,595,300 32.2% $1,774,833,500 N/A 12/09 and commercial property sales ners Ltd. owns the property, acquiring Boulder/Broomfield 130 160 -18.8% 98 32.7% 130 32.7% 01/10 it for $2.1 million in 2000, according counties foreclosures Boulder County annual -0.56% 0.57% -1.13% 2.58% -3.14% N/A N/A 3Q/09 to Boulder County public records. home appreciation rate Boulder County residential 46 73 -37.0% 108 -57.4% 340 -27.2% 4Q/08 building permits Jibbitz founders start GeoPalz Boulder County residential $11,772,000 $21,057,000 -44.1% $22,550,307 -47.8% $86,650,589 -22.8% 4Q/08 BOULDER — Jibbitz co-founders building permits value Boulder County commercial 30 25 20.0% 59 -49.2% 112 -9.7% 4Q/08 Rich and Sheri Schmelzer, and Alex- building permits andra O’Leary have formed GeoPalz Boulder County commercial $69,095,000 $55,171,000 25.2% $65,073,000 6.2% $304,826,000 70.4% 4Q/08 building permits value LLC, a company designed to get kids outside and active. BOULDER VALLEY Latest Previous Change Year ago Change Total space Change in total Last VACANCY RATES from previous from year ago surveyed (s.f.) space surveyed (s.f.) updated Scheduled to fully launch in April, Office 12.6% 13.3% -0.7% 12.5% 0.1% 13,039,170 -2.3% 3Q/09 Boulder-based GeoPalz is creating Flex 8% 7.9% 0.1% 10.9% -2.9% 18,956,304 -2.1% 3Q/09 Industrial 7.7% 7.9% -0.2% 4.4% 3.3% 17,000,446 0.2% 3Q/09 kid-oriented pedometers that track physical activity and convert that GROSS CONSUMER SALES Latest Previous Change Year ago Change YTD Change Last from previous from year ago from YTD updated into points that can be traded for free Boulder $1,062,775,377 $1,092,487,223 -2.7% $1,196,751,184 -11.2% $2,155,262,600 -9.2% 2Q/09 games, sports equipment, educational Broomfield $508,768,369 $497,420,325 2.3% $535,026,546 -4.9% $1,006,188,694 -8.9% 2Q/09 Erie $12,848,421 $14,290,401 -10.1% $14,650,617 -12.3% $27,138,822 -9.7% 2Q/09 toys and other products. Lafayette $129,035,459 $179,528,690 -28.1% $140,151,607 -7.9% $308,564,149 -25.9% 2Q/09 In addition to the three found- Longmont $581,262,311 $546,487,880 6.4% $574,103,243 1.2% $1,127,750,191 -5.8% 2Q/09 Louisville $179,808,671 $175,216,773 2.6% $196,168,211 -8.3% $355,025,444 -10.1% 2Q/09 ers, the self-funded company has six Lyons $11,567,791 $11,571,768 0.0% $20,578,398 -43.8% $23,139,559 -46.4% 2Q/09 contracted employees, some of whom Nederland $7,782,860 $6,229,712 24.9% $7,524,421 3.4% $14,012,572 -9.2% 2Q/09 Niwot $13,670,990 $7,580,971 80.3% $9,135,782 49.6% $21,251,961 -1.5% 2Q/09 also came from Boulder-based Jibbitz, Superior $82,895,245 $83,759,642 -1.0% $89,500,419 -7.4% $166,654,887 -5.8% 2Q/09 a maker of tiny decorative snaps that Ward $288,383 $171,887 67.8% $184,963 55.9% $460,270 37.6% 2Q/09 Unincorporated $168,450,146 $210,460,054 -20.0% $252,977,984 -33.4% $378,910,200 -18.7% 2Q/09 fit into the holes of Crocs shoes, which Boulder County Crocs Inc. (Nasdaq: CROX) acquired Total $2,759,154,023 $2,825,205,326 -2.3% $3,036,753,375 -9.1% $5,584,359,349 -10.5% 2Q/09 in 2006, said O’Leary, GeoPalz’s SELECT CONSUMER SALES Latest Previous Change Year ago Change YTD Change Last chief operating officer. from previous from year ago from YTD updated Boulder/Broomfield $140,943,000 $125,246,000 12.5% $181,959,000 -22.5% $307,205,000 -14.4% 2Q/09 Each pedometer has a kid-oriented counties motor vehicle sales design such as a pirate or princess and Boulder/Broomfield $152,260,000 $140,359,000 8.5% $161,548,000 -5.7% $301,907,000 -2.7% 2Q/09 counties restaurant sales will sell for $19.99. Until the products Boulder/Broomfield $75,517,000 $51,903,000 45.5% $79,668,000 -5.2% $609,112,000 -9.0% 2Q/09 are available in April, people can preor- counties building material sales der them at www.geopalz.com. JOBS Latest Previous Change Year ago Change Unemployment Change in Last from previous from year ago rate unemployment rate updated Boulder County 162,536 164,436 -1.2% 170,154 -4.5% 5.7% 0.3% 12/09 Ferrero opens Green Garage Broomfield County 27,778 28,159 -1.4% 28,942 -4.0% 6.7% 0.5% 12/09 BOULDER — Ryan Ferrero has Colorado 2,455,650 2,485,572 -1.2% 2,567,210 -4.3% 6.6% 0.6% 12/09 United States 137,792,000 138,381,000 -0.4% N/A N/A 10% 0% 12/09 launched the Green Garage, an eco- friendly automobile repair and service BANKRUPTCIES Latest Previous Change Year ago Change YTD Change from YTD Last from previous from year ago updated business based in Boulder. Boulder / Broomfield Counties 79 131 -39.7% 201 -60.7% 1133 1.2% 11/09 Green Garage brings the station VENTURE CAPITAL Latest Previous Change Year ago Change YTD Change Last to the customer’s front door through from previous from year ago from YTD updated its Valet service and its Corporate Boulder/Broomfield counties $33,715,200 $35,688,100 -5.5% $57,190,200 -41.0% $300,876,000 -32.3% 4Q/09 Colorado $132,015,300 $50,348,100 162.2% $127,600,000 3.5% $470,379,200 -41.6% 4Q/09 Mobile service. United States 5,018,591,300 $4,808,819,400 4.4% $5,400,000,000 -7.1% $16,505,491,500 -40.8% 4Q/09 Ferrero developed a line of more LOCALLY BASED BANKS Total assets Yearly change Total deposits Yearly change Total loans Yearly change Quarterly income Last than 60 “green” products with the help in assets in deposits in loans updated of experts in the automotive and sus- AMG National Trust Bank $115,030,000 15.4% $96,981,000 16.9% $23,772,000 77.3% $509,000 3Q/09 FirstBank of Boulder $525,385,000 5.2% $484,879,000 14.2% $207,727,000 7.2% $7,008,000 3Q/09 tainability industries. Green Garage’s FirstBank of Longmont $393,241,000 -5.6% $359,320,000 4.5% $137,535,000 14.3% $4,677,000 3Q/09 FirsTier Bank $885,143,000 20.9% $734,816,000 23.9% $723,033,000 6.4% -$8,667,000 3Q/09 products are evaluated on solid-waste Flatirons Bank $96,680,000 97.8% $52,222,000 72.1% $42,592,000 35.8% -$3,000 3Q/09 reduction, carbon dioxide emission, Mile High Banks $1,296,569,000 -0.25% $1,100,860,000 9.6% $1,145,769,000 -8.6% -$2,141,000 3Q/09 Summit Bank & Trust $99,724,000 40.9% $89,131,000 92% $58,406,000 6% -$2,967,000 3Q/09 toxicity, water conservation, use of natural resources and social impact. LOCALLY BASED Total assets Yearly change Total deposits Yearly change Total loans Yearly change Quarterly income Last CREDIT UNIONS in assets in deposits in loans updated The breadth of products includes Ashoka Credit Union $2,414,803 8.5% $2,142,598 8.3% $2,158,091 3.7% $20,660 3Q/09 nonleaded wheel weights to bio-diesel Boulder Municipal $56,450,353 6.6% $51,573,039 7.2% $37,485,731 -4.2% -$113,815 3Q/09 Employees Credit Union engine conversions. Boulder Valley Credit Union $199,408,658 19.1% $178,931,055 19.6% $109,346,133 1.6 $957,513 3Q/09 Green Garage approved its “green- Community Financial $115,446,003 7.2% $98,191,153 6.2% $74,317,647 14.9% -$257,409 3Q/09 Credit Union tuning” products through an advisory Elevations Credit Union $922,208,730 7.3% $846,026,500 10.3% $675,272,482 23.5% $6,937,256 3Q/09 group that includes experts from the Premier Members Credit Union $319,506,273 9.7% $284,020,386 10.7% $264,534,848 10.2% $3,450,683 3Q/09 St. Vrain Valley Credit Union $82,208,572 6.7% $74,514,253 7% $63,179,317 8.8% $401,781 3Q/09 Renewable and Sustainable Energy Insti- tute and the University of Colorado. Compiled By David Clucas Green Garage is headquartered at 1433 Pearl St., Suite 100. 11A11A 11A Boulder County Business Report | www.bcbr.com Feb. 19 - March 4, 2009 | 11A REAL ESTATE & DEVELOPMENT 12A | Residential gains momentum, 13A | Top leases, 17A | Vacancy rates 2009 bank/lender sales Banks and lenders sold a total of 345 Foreclosure sales press home prices; repossessed or distressed properties for a combined $84.6 million in Boulder County during 2009, according to public records. They accounted for 6.2 percent of total sales, nearby discounts can lower appraisals and 4.8 percent of total sales dollar volume in Boulder in 2009. BY DAVID CLUCAS Bank/lender seller Dollar No. of [email protected] amount properties If we had a large Fannie Mae $8,973,300 49 Flush with a record number of Deutsche Bank $6,231,800 25 foreclosures, banks and lenders sold inventory of sales to Aurora Loans $6,115,300 24 345 repossessed or distressed prop- Services LLC erties in Boulder County for $84.6 draw from, the distressed Wells Fargo Bank $5,836,800 17 million in 2009. Freddie Mac $4,987,400 32 sales wouldn’t make U.S. Bank $4,611,600 27 The foreclosure sales accounted for Bank of New York $3,454,700 18 6.2 percent of total real estate sales in much of a difference. JP Morgan Chase Bank $3,363,500 9 the county, and 4.8 percent of total Bank of Choice $3,300,000 1 real estate transaction dollar volume Cynthia Arey HBBC Bank $3,041,700 17 locally in 2009. The Boulder County Bank of America $2,159,900 8 BROKER OWNER Business Report compiled the figures First Horizon $2,044,000 3 COLORADO LIVING REAL ESTATE Home Loans from public records. Louisville Lofts LLC $1,956,000 9 While those figures and percent- Long Beach Mortgage $1,903,600 8 ages seem low amid a record year of Loan Trust 1,435 foreclosures filed in Boulder Countrywide $1,716,000 2 Home Loans Inc. County, real estate experts point out er sales in 2009, the Business Report properties in Boulder County last Front Range Real $1,660,800 7 that a majority of troubled properties randomly chose 10 single-family home year, selling 49 properties. It was fol- Estate Partners get sold before the bank seizes them. transactions to gauge the level of local lowed by fellow federal agency Fred- Citywide Banks $1,581,000 3 Commonly referred to as a “short discounts. The results showed any- die Mac, selling 32 properties; and Colorado Capital Bank $1,500,000 1 sale,” the foreclosing bank will allow where from a 2 percent to 38 percent U.S. Bank selling 27. Firstier Bank $1,355,000 2 the owner to sell the property at a loss markdown from the home’s previ- Most banks and lenders have a “real Saxon Mortgage Services $1,106,800 3 CAP Financial $1,101,000 2 to the loan so the physical property ous sale price or refinance value. The estate-owned” section of their Web Initial Holding Entity LLC $963,500 3 never reaches the banks’ books. median, the mid-point of the sampling sites set up to sell their properties, Elevations Credit Union $927,900 3 It’s difficult to discern the number set, was a discount of 15 percent. such as Homepath.com for Fannie Homesales Inc. $921,000 3 of short sales from public records, “If we had a large inventory of sales Mae and Homesteps.com for Freddie Greenpoint $889,500 6 but local real estate experts estimate to draw from, the distressed sales Mac. Prospective buyers can search by Mortgage Funding First Community Bank $879,500 1 there are as many, if not more, short wouldn’t make much of a difference,” state, county, city or ZIP code. Suntrust Mortgage Inc. $800,000 1 sales than there are bank foreclosure Arey said. But she sees distressed “When foreclosures occur on Lasalle Bank $773,300 4 sales. That means distressed prop- sales on the rise, and predicts they mortgages in which Fannie Mae is the Credit Suisse First Boston $679,000 5 erty sales in Boulder County likely could account for 20 percent to 25 investor, our goal is to sell properties Household Finance Corp. $649,500 4 accounted for at least 13 percent of percent of total sales in 2010. in a timely manner in order to mini- St. Vrain Valley $639,800 3 sales in 2009. Appraisers have to take those dis- mize the impact on the community,” Credit Union CitiMortgage $634,900 3 Those local figures are relatively tressed property sales into account. the agency says on its Web site. MTJ Investments LLC $597,000 3 healthy when you consider other mar- “Our job is to interpret what the The discount price benefit of buy- American Home $571,000 2 kets in Nevada, Arizona and Califor- market tells us, not what the brokers ing a foreclosed home does carry some Mortgage Services nia reporting more than 50 percent or banks tell us,” said Bill Kamin, co- extra risk for the buyer — most banks National City Bank $553,100 2 in distressed property sales. But any owner of Boulder-based Appraisal and lenders like Fannie sell the home Nationstar Mortgage LLC $545,000 2 FirstBank of Boulder $540,000 2 amount of foreclosure and short-sale Consultants Inc. “If five of the last “as-is.” Wachovia Bank $524,000 3 activity can negatively affect sellers in seven sales in a neighborhood were “Fannie Mae may make some repairs Morgan Stanley $508,300 3 the market, said Cynthia Arey, broker short sales, then yes, that’s going to to properties to increase their market- GMAC Mortgage LLC $494,000 3 owner of Boulder-based Colorado affect the next appraisal, but with ability; however, the buyer should Bank of New York $476,000 3 Living Real Estate. most of the stuff I do around here, be aware that other repairs may be Flatirons Mortgage $426,000 2 Lending LLC Distressed property sales are that hasn’t been the trend.” needed,” the agency tells buyers on its Vectra Bank $365,000 1 almost always discounted, Arey said, Kamin said he’s only seen a couple Web site. “Even if the house has fresh Bank of the West $307,800 2 and when those properties sell, the of local properties slightly hurt by paint, brand new carpet, new appli- First Mortgage $269,900 1 lower recorded prices go on to hurt surrounding distressed sales. ances, perhaps even a new roof or sid- Strategies Group future offer amounts and appraisals. Federal housing lender Fannie Mae ing, it doesn’t mean everything in the MBH Investments LLC $253,000 2 In its review of local bank and lend- individually sold the most foreclosed house is new, or even works.” Taylor Bean $206,300 1 Whitaker Mortgage Guaranty Bank $195,500 1 Eagle Legacy $193,000 1 Credit Union Foreclosed residential sales A random sampling of 10 bank and lender property single-family home sales in Boulder County in 2009 shows that the finanacial ARB Lending $160,000 1 Acquisition LLC instutions discounted the properites anywhere from 2 percent to 38 percent from the previous sales price or refinance. New Century Home $158,000 1 Address Description Previous sale Forclosing bank Post-foreclosure Discount by bank Equity Loan or refinance* price (date) or lender sale price (date) or lender Cherry Creek $150,000 2 2073 Willow Creek Drive, Boulder 5,049 sf - 5 bed, 5.5 bath $1,575,000* (11/9/2006) JPMorgan Chase Bank $980,000 (12/14/2009) 38% Mortgage Co. 2111 Hackberry Circle, Longmont 1,272 sf - 2 bed, 1.5 bath $198,000 (6/26/2002) U.S. Bank $133,000 (1/9/2009) 33% American General $128,000 1 1042 Lilac St., Longmont 1,170 sf - 3 bed, 1 bath $175,000 (11/24/2004) Aurora Loan Services $138,500 (11/24/2009) 21% Financial Services Banco Popular $111,000 1 5391 Pennsylvania Ave., Boulder 2,723 sf - 4 bed, 3.25 bath $719,500 (7/6/2006) Deutsche Bank $572,000 (6/16/2009) 21% North America 912 Stein St., Lafayette 1,452 sf - 2 bed, 1.5 bath $228,000 (5/13/2002) Fannie Mae $192,500 (3/172009) 16% Novastar Mortgage $89,900 1 2265 Clayton Circle, Superior 2,630 sf - 4 bed, 2.5 bath $436,900* (2/3/2006) Long Beach Mortgage $375,000 (8/27/2009) 14% Funding Trust 1255 Ptarmigan Drive, Longmont 2,834 sf - 4 bed, 2.75 bath $317,000 (4/16/2003) Bank of New York $275,000 (8/3/2009) 13% Beneficial Colorado Inc. $50,000 1 65 Durian Court, Longmont 4,074 sf - 4 bed, 3.4 bath $319,900 (9/6/2005) HSBC Bank $285,000 (11/3/2009) 11% Total $84,629,900 345 7672 Concord Drive, Boulder 1,050 sf - 3 bed, 1.75 bath $279,000 (5/17/2005) Wells Fargo $260,000 (2/9/2009) 7% 1346 Graham Circle, Erie 1,884 sf - 3 bed, 2.5 bath $281,000 (9/12/2006) Freddie Mac $275,000 (11/2/2009) 2% Source: Compiled from Boulder County public records. Source: Compiled from Boulder County public records. 12A 12A12A 12A | Feb. 19 - March 4, 2010 Boulder County Business Report | www.bcbr.com Residential sales gained momentum in 2009 n looking at a 12-month rolling cal- past decade, Boulder County did not place I like to look at absorption rates is a little more than four months of endar, we went from the number have the high appreciation rates that on a quarterly basis. For the quarter inventory. For those more than $1 mil- of residential and attached dwell- others experienced. One of the great ending December 2009, there was lion, there is 17 months of inventory. ing sales being off by nearly 30 features of the FHFA.gov site is the 6.6 months of inventory for single Ipercent at the end of March to finishing family homes. A rule of thumb is that Inventory by month per area ability to compare up to three MSAs down 14.4 percent in residential and 11 at a time. For the Boulder MSA, if anything less than 5 months is consid- Boulder 8.1 Louisville 3.5 percent in attached dwellings in 2009. you check back to ered a seller’s market, over 7 months Lafayette 6.4 At the same time, inventories 2003, the quar- is a buyer’s market and 5 to 7 months Longmont 8.3 declined by 8.6 percent for residential terly figures show is a stable market. Suburban plains 5.6 Superior 4.6 and 10.6 percent for attached dwell- that our MSA Broomfield 4.7 ings, helping to protect home values. averaged 2.59 Months of inventory by area This decline in inventory put us at a percent apprecia- Boulder 6.8 As we move into 2010, statistics will Louisville 4.8 level not seen since 2000 for a lack of tion during that Lafayette 6.2 show a normal seasonal decline in the available homes on the market. time. If you look Longmont 5.3 number of closed sales in January. If Re/ In looking at property values, it is at a couple of mar- Suburban plains 9 Max of Boulder Inc. is indicative of the Suburban mountains 14.7 interesting to look at FHFA.gov, the GUEST OPINION kets where values Superior 3.1 rest of the market though, we will be Web site for the Federal Housing D.B. Wilson have crashed, Broomfield 4 experiencing a very good first quarter. Finance Agency. The agency computes for instance Las We continue to see too little inven- the housing price index, or HPI. The Vegas and Phoenix, you will see they Focusing on attached dwell- tory in the lower price ranges leading HPI is a weighted, repeat-sales index, had quarters of as much as 40 percent ing which includes condos and to multiple offer situations. It really is meaning that it measures average price appreciation. This is why they had town houses, average prices vary a tale of two markets with plenty of changes in repeat sales or refinancing on their bubble burst and we did not. substantially from area to area. supply of inventory for homes more the same properties. The new mortgage When drilling down further it than $500,000 and too little inven- acquisitions are used to identify repeat is important to understand just Change in average, median prices tory in the lower price ranges. transactions for the most recent quarter how local the markets really are. City Average Median With interest rates at historical Boulder +1.1% -5.9% and for each quarter since 1975. Louisville -3.5% -2.4% lows, around 5 percent, it is a great The most recent quarter available Change in appreciation Lafayette +1.9% +0.9% time to buy, no matter your price is through third quarter 2009 for the City Average Median Longmont -8% +0.2% range. And remember, to take advan- Boulder -1.3% -2.4% Suburban plains -9.4% -24% Boulder metropolitan statistical area Louisville +0.6% 0.0% Superior +26% -1.2% tage of the homebuyer tax credit, you (all of Boulder County). It shows just Lafayette -0.8% +0.8% Broomfield -1.2% -8% must be under contract by April 30 a 0.56 percent decline when com- Longmont -4.3% +0.05% and close by June 30, 2010. Suburban plains -3.2% -5.7% pared with the same quarter in 2008, Suburban mountains -6.8% +2.7% There are striking differences for just the first such decline since 1988. Superior -5.5% -1.2% absorption rates based upon price point. D.B. Wilson is the manager at Re/Max of Another very important factor in Broomfield -11.5% -7.9% The overall inventory for Boulder Coun- Boulder Inc. in Boulder. He can be reached property values holding steady is that, ty is seven months. For those priced at 303-441-5655 or e-mail at dbwilson@ unlike many areas of the country this To figure trends in the market between $100,000 and $200,000 there boulderco.com. Our Experience and Expertise Will Steer Your Company in the Right Direction. www.freemanproperty.com | 303-827-0020 13A13A 13A Boulder County Business Report | www.bcbr.com Feb. 19 - March 4, 2009 | 13A DOORS, GATES, OPERATORS AND ACCESS CONTROL SYSTEMS TOP 10 OFFICE LEASES IN BOULDER AND BROOMFIELD COUNTIES Oct. 1 - Dec. 31, 2009 Tenant Square Address Listing / Selling oors Footage Agency – Broker(s) D ur distinctive driveway gates flank 1 Synkera 20,026 2605 Trade Center Ave., Dean Callan & Co. - Becky Gamble, Hunter ates O some of the most beautiful homes and high- Technologies Inc. Longmont Barto and Dryden Dunsmore Frederick Ross Co. G - Scott Garel, Joe Heath and Don MisnerCB O perators end residential communities in Colorado. Richard Ellis - Ken Voss Let us design an entrance system that will 2 Crestone Capital 15,065 1050 Walnut St., Dean Callan & Co. - Becky Gamble ACCESS Boulder and Hunter Barto Advisors LLC Keys increase security while providing a beautiful Commercial - Geoffrey Keys Also offering: accent to your home. 3 Gordon West DDS 14,593 1140 W. South Boulder The Colorado Group Inc. - Audrey Berne Road, Lafayette Iron Gates 4 Wesley Tate MD 12,226 1255 Cimarron Drive, Gibbons-White Inc. - Jim Ditzel Railings Suite 201, Lafayette Wine & 5 Intela LLC 7,610 929 Pearl St., Suite 200, Gibbons-White Inc. - Lynda Gibbons Cellar Doors Boulder and Angela Topel Irwin & Hendrick - Sallie Taylor Security 6 360networks 7,004 370 Interlocken Blvd., CB Richard Ellis - Chris Phenicie Doors Broomfield and David Hart Cresa Partners - Bill Baldwin 7 Urban Settlement 5,317 390 Interlocken Crescent, Dean Callan & Co. - Hunter Barto Services Broomfield 8 The Ollilaw Group LLC 4,774 2569 Park Lane, The Colorado Group Inc. - Wade Arnold Lafayette Gibbons-White Inc. - Lynda Gibbons and Annie Lund 9 Goliath Solutions LLC 4,222 1860 Lefthand Circle, Dean Callan & Co. - Becky Gamble, Hunter Longmont Barto and Dryden Dunsmore Frederick Ross Co. Offering custom design, - Scott Garel, Joe Heath and Don Misner 10 Rocky Mountain Trade 3,960 2595 Canyon Blvd., Gibbons-White Inc. - Lynda Gibbons and installation, and repair. Adjustment Assistance Center No. 440, Boulder Annie Lund Jones Lang Lasalle - Joe Hollister Source: Survey of commercial real estate firms Let DGO Access show you how TOP 10 INDUSTRIAL LEASES IN BOULDER AND BROOMFIELD COUNTIES affordable a QUALITY custom Oct. 1 - Dec. 31, 2009 gate or gate system can be. Tenant Square Address Listing / Selling Footage Agency– Broker(s) 1 Trinity Custom 10,952 3801 Industrial Lane, Gibbons-White Inc. - Patrick Weeks 303-485-1700 Carpentry Broomfield 2 Morganically 10,520 4699 Nautilus Court, Acquire Inc. - Paige Coker Heiman T www.dgoaccess.net Grown LLC No. 501 and No. 502, Boulder he Colorado Group Inc. - Jason Kruse and Jim Howser Proudly serving Boulder County since 1987. 3 Clear Blue 9,504 1650 Coal Creek Drive, Casey Partners Ltd - Mark Casey Engineering LTD Suites C, D and E, Lafayette The Colorado Group Inc. - B. Scot Smith, Wade Arnold and Anya Allen 4 Newton Running Co. 7,300 3655 Frontier Ave., W.W. Reynolds - Chad Henry and Nate Litsey We’re Moving In! Boulder Pre- 5 Technology 7,281 5700 Flatiron Parkway, The Colorado Group Inc. - Jim Fisher Applications Inc. Boulder GrandNow Opening 6 The Farmacy LTD 6,760 5735 Arapahoe Ave., Wright Kingdom - Eric Rutherford and Tom Special Boulder Hill Gibbons-White Inc. - Michael-Ryan McCarty Open 7 Ion Engineering LLC 6,000 3052 Sterling Circle, No. 200, Westland Development - Peter Aweida Boulder Gibbons-White Inc. - Jim Ditzel and Ashley Overton The Vistas in Longmont is a brand new 8 Future Green LLC 5,000 6420 Gunpark Drive, Dean Callan & Co. - Becky Gamble and Independent Living, Assisted Living and Boulder Ryan Blasdell 9 TechBiz Solutions 4,302 5700 Flatiron Parkway, The Colorado Group Inc. - Jim Fisher Memory Care community in Longmont. Boulder It is brimming with fun and excitement as 10 Pisces Molecular LLC 4,130 1600 Range St. The Colorado Group Inc. - Jason Kruse our new residents are moving in to their Boulder Freeman Myre Inc. - Andrew Freeman Source: Survey of commercial real estate firms new spacious apartments. TOP 10 RETAIL LEASES IN BOULDER AND BROOMFIELD COUNTIES Reserve your apartment now! Oct. 1 - Dec. 31, 2009 Tenant Square Address Listing / Selling Footage Agency– Broker(s) 1 Guru Motor Sports 19,617 The Village at Flatiron Crossing, The Macerich Co. CallLIMITE forDTIM EGrand OFFER Broomfield 2 Goodwill Industries 13,989 2486-2490 Baseline Road, Gibbons-White Inc. - Chris Boston and Opening Special. of Denver Boulder Stacey Hutton Crosbie Real Estate - Limited time o er. Rich Otterstetter 3 Crocs Inc. 6,110 1129 Pearl St., Tebo Development Co. Come and check out your options and Boulder 4 Skinny Pineapple Inc. 5,000 1975 31st St., Flagstaff Properties - Doug Haffneiter ask us how we can help with funding Boulder Gibbons-White Inc. - Patrick Weeks while you sell your home. and Angela Topel 5 28th Street Pub 4,100 2690 28th St., Tebo Development Co. Units E and J, Boulder 6 At Altitude 3,624 The Village at Flatiron Crossing, The Macerich Co. Broomfield 7 Rustic Ranch Relics 3,501 The Village at Flatiron Crossing, The Macerich Co. The Vistas in Longmont Broomfield 2310 9th Avenue 8 Kabash Restaurant LLC 3,446 300 S. Public Road, Gibbons-White Inc. - Angela Topel Lafayette Longmont, CO 80503 9 Color Me Mine 2,751 The Village at Flatiron Crossing, The Macerich Co. (303) 678-5050 Broomfield 10 Shoe Fly 2,200 947 Pearl St., Dean Callan & Co. - Becky Gamble, www.vistasinlongmont.com Boulder Dryden Dunsmore, and Ryan Blasdell Joefqfoefou!Mjwjoh!¦!Bttjtufe!Mjwjoh!¦!Nfnpsz!Dbsf Tours Daily Gibbons-White Inc. - Angela Topel Source: Survey of commercial real estate firms 14A 14A14A 14A | Feb. 19 - March 4, 2010 Boulder County Business Report | www.bcbr.com business report RESIDENTIAL PROPERTY-MANAGEMENT FIRMS LIST (Companies in Boulder and Broomfield counties ranked by total number of local units managed.) Company Person In Charge Street Address Title of Person In Charge PREV. City,State/Province Zip Total no. of Year Founded RANK RANK Phone/Fax units Occupancy rate Products/Services Major buildings under management Web site 1 HAST & CO. 4,211 98% Professional residential, commercial and homeowner Kensington, Marine Park, Horizon West, Wimbledon, Two Mile Creek, Villa Thomas Hast 1 525 Canyon Blvd. association management, brokerage and consulting. del Prado, The Shores, Fountain Greens, Arrowhead, Saddlebrooke at Broker and President Boulder,CO 80302 Rock Creek. 1979 303-444-7575/303-447-8864 N/A 2 COUNTRYSIDE ASSET 3,901 94% Apartment communities, office buildings, homeowner Apartments: Argyle at Willow Springs, Chateau, Fox Ridge, Glen Lake, John Moritz and Don Getty 2 MANAGEMENT associations and manufactured-homes communities. Victoria Inn, Habitat, Harper House, Kimberly Court, The Shores, Thistle CEO and Co-president and CFO and 7490 Clubhouse Road, Suite Sage, Tyrol. Homeowners Associations: Country Club Estates, Co-president 201 Countryside Condominiums, The Farm in Boulder Valley, The Grove at 1968 Boulder,CO 80301 Harper Lake, Kingsbridge, Renaissance, The Seasons, Landmark Lofts, www.csamc.com 303-530-0700/303-530-0217 Stonewall, Trout Farm, Westwood and Sunwest. 4 MOCK PROPERTY 1,136 93% Rentals, property management, homeowner Various apartment complexes in Boulder and Longmont. Bruce Mock 3 MANAGEMENT CO. associations. President 825 S. Broadway St., Suite 200 1966 Boulder,CO 80305 www.mockpm.com 303-497-0670/303-497-0666 6 FOUR STAR REALTY & 800 100% Leasing, management, maintenance and financial Residential single-family homes, townhomes, and small multiple units. Phil Swan 4 PROPERTY MANAGEMENT reporting. In addition to Pearl Street office, separate office on the Hill to serve President INC. students and investors in student properties. New office in Denver area 1986 1938 Pearl St., Suite 200 serves both DU students and non-student clientele. More than 800 units www.fourstarrealty.com Boulder,CO 80302 managed in the Boulder County and Denver area. 303-440-8200/303-443-1440 5 BOULDER PROPERTY 790 99% Student and professional housing; leasing, Colorado Place, College Place, Wimbledon Condos, Gregory Creek. Jared Minor 5 MANAGEMENT CORP. maintenance, financial reporting and customer service. CEO and Owner 1100 28th St., Suite 100 1994 Boulder,CO 80303 www.bpmco.com 303-473-9559/303-473-9614 7 PROPERTY MANAGEMENT 500 94% Places qualified tenants into apartments, homes, Multiple smaller units. Karen Epperson 6 PLUS INC. townhomes and duplexes. Owner 612 Mountain View Ave. 1992 Longmont,CO 80501-2708 http://pmprealty.com 303-776-7368/303-772-4005 10 POINT WEST PROPERTIES 260 100% Commercial and residential management; leasing and Multiple small properties. Steven O'Donnell 7 608 Pearl St., Suite A sales; student housing. Broker Boulder,CO 80302 1989 303-447-1502/303-447-2129 www.curent.com 12 OMNIBUS GROUP INC. 200 100% Professional property management, homeowner Maple Creek Apartments, 701 Arapahoe Ave. Sal Cirincione 8 2885 Aurora Ave., Suite 21 associations, apartments. Broker/Owner Boulder,CO 80303 1965 303-444-2611/303-440-8840 www.theomnibusgroup.com NR ROBERTS & SONS LLC 200 100% Property management, home sales and city of Boulder All residences. Jeanne Roberts 9 7920 Grasmere Drive rental license inspection services. Owner Boulder,CO 80301 1977 303-581-9937/303-530-5237 www.robertsandsons.com 9 TRACY REAL ESTATE & 176 95% Apartments. Canyon Creek Apartments Mike Tracy 10 PROPERTY MANAGEMENT Owner 730 29th St. 1978 Boulder,CO 80303 www.boulderrentals.com 303-442-5795/303-447-1846 13 ALERT REALTY & 152 99% Full-service residential property management. Single-family homes, duplexes, triplexes. Bryan Potter 11 INVESTMENT CO. Broker and Owner 1132 Francis St. 1980 Longmont,CO 80501 www.alertrealty.net 303-776-5156/303-447-9440 15 PERSONALIZED 100 98% Consulting and management for residential income Single-family homes, condos, townhomes and four- to 15-unit Scott Henderson 12 MANAGEMENT SERVICES properties in Boulder and Broomfield counties. apartment buildings. Owner 5757 Central Ave., Suite 205 1975 Boulder,CO 80301 www.ColoradoRentalServices.com 303-998-0754/303-544-1411 NR BORG PROPERTY 87 98% Real estate sales with buyer/seller representation. Borg building. Ed Borg 13 MANAGEMENT Full-service property management of homeowner Owner 236 Pearl St. associations, income property and single-family 1984 Boulder,CO 80302 houses. www.borghomes.com 303-449-1010/303-449-6087 NR FULL SERVICE REAL ESTATE 48 97% Provides a full range of rental properties for Boulder Full range of rental properties for Boulder and Weld counties and the John Braswell 14 INC. and Weld counties and the Denver area, in addition to Denver area. Owner 107 S. Public Road listing and selling property. 1993 Lafayette,CO 80026 www.fsbosp.com 720-690-9506/720-565-6686 NR STAUFER TEAM REAL 30 100% N/A Single-family homes. Terri Ellerington 15 ESTATE Broker Associate/Property Manager 950 Spruce St., No. 1B 2005 Louisville,CO 80027 www.stauferteam.com 303-664-0000/303-664-0007 N/A: not available. SOURCE: BUSINESS REPORT SURVEY RESEARCHED BY Beth Edwards PROFESSIONAL PROPERTY MANAGEMENT Celebrating 30 Years in Business • Apartments, Commercial, and Owner Associations. • 4,500 Units Under Management in Boulder and Denver Metro • Full Marketing and Investment Consulting Services Call Today for a Consultation on Your Properties 303-444-7575 ~ www.hast.com 15A15A 15A Boulder County Business Report | www.bcbr.com Feb. 19 - March 4, 2009 | 15A Introducing Xcel Energy’s Energy Design Assistance program. Break down how much you’ll save before you break ground. Plan for and achieve energy effi ciency goals during design. Reap big rebates after construction. Get started at ResponsibleByNature.com. © 2010 XCEL ENERGY INC. 16A 16A16A 16A | Feb. 19 - March 4, 2010 Boulder County Business Report | www.bcbr.com business report MORTGAGE LENDERS LIST (Ranked by dollar volume of loans originated in Boulder and Broomfield counties.) No. of Percent of loans Percent of loans Company Dollar volume of loans loans Avg. local refinanced conventional Person in charge PREV. Address 2009 2009 loan size 2009 Percent of loans Headquarters Year founded RANK RANK Phone/Fax 2008 2008 2009 2008 Services offered government Parent company Web site 1 WELLS FARGO $896,164,000 3,480 $257,518 78% Complete financial services. N/A San Francisco Mike Burnell, Branch Manager 1 1242 Pearl St. $520,555,000 1,834 47% N/A Wells Fargo Bank 1852 Boulder, CO 80302 N.A. www.wellsfargo.com 303-441-0355/303-441-0392 2 PREMIER MORTGAGE GROUP $517,000,000 1,902 $271,832 50% Complete mortgage banking 75% Greenwood Village Melanie Nygren, Production Manager and Ariel 2 1844 Folsom St. $320,000,000 1,250 30% services, construction loans, FHA 25% Solomon, Branch Manager Boulder, CO 80302 and VA, jumbo loans. 1997 303-449-8855/303-449-4455 www.pmglending.com 4 ELEVATIONS CREDIT UNION $323,153,410 1,367 $237,250 80% Full-service mortgage lending, 90% Boulder Gerry Agnes 3 2960 Diagonal Highway $106,544,045 430 31% online application, local service. 10% 1952 Boulder, CO 80301 www.elevationscu.com 303-402-5458/720-565-4673 3 BANK OF COMMERCE MORTGAGE $230,000,000 859 $268,000 60% Residential lending. 70% Boulder Calvin Cox, President 4 1637 Pearl St., Suite 203 $205,000,000 1,053 39% 30% BWC Mortgage 2000 Boulder, CO 80302 Services www.bankofcommercemortgage.com 303-544-0600/303-544-0700 NR LIBERTY HOME LOANS $169,160,000 658 N/A 70% Mortgage loans, conventional, 74% N/A Robert Myers, President and Don Sprague, CFO 5 2687 North Park Drive, Suite 102 N/A N/A N/A jumbo, FHA, VA with local 26% 2006 Lafayette, CO 80026 underwriting and processing. www.libertyhomeloans.com 303-604-2240/303-604-2241 6 WR STARKEY MORTGAGE $166,881,291 632 $264,052 53% Conventional, jumbo, FHA ,VA, with 64% Plano, Texas Carrie Nash, Sales Manager, Mortgage Planning 6 1470 Walnut St., Suite 100 $83,510,160 326 47% local underwriting and processing. 36% Specialist and Amanda Sessa, Branch Manager, Boulder, CO 80302 Mortgage Planning Specialist and Vice 303-545-9600/303-545-2950 president 2000 www.wrstarkey.com 5 CROWDER MORTGAGE LLC $86,280,160 241 $416,000 86% Any type of real estate financing: 96% Boulder James Crowder, Jr., President 7 3445 Penrose Place, Suite 240 $97,265,203 242 76% residential, commercial, land or 2% 1984 Boulder, CO 80301 construction. www.crowder.com 303-444-1545/303-444-3534 12 DNL MORTGAGE AUTHORITY INC. $24,500,000 122 $200,819 75% Conventional loans, 100 percent 100% Broomfield Ted Degenhart, President 8 1242 Inverness St. $22,000,000 78 25% loan-to-value second mortgages, 0% 1994 Broomfield, CO 80020 in-home appointments. www.hsh.com/lshow/dnl_mortgage.html 303-469-5062/303-469-5074 NR FIRSTBANK OF LONGMONT $19,117,816 107 $178,671 N/A Full-service mortgage lender. 100% Lakewood Bruce Robbins, President 9 1707 N. Main St. $18,096,367 74 N/A Offers many affordable loan 0% FirstBank Holding 1963 Longmont, CO 80501 programs. Co. www.efirstbank.com 303-772-5500/303-678-4157 10 J. STEVENS MORTGAGE $10,000,000 N/A $300,000 50% Mortgage lending. 100% Boulder Joshua Stevens 10 2299 Pearl St., Suite 304 $10,000,000 N/A 50% 0% 1998 Boulder, CO 80304 www.jstevensmortgage.com 303-444-1115 13 BANK OF AMERICA HOME LOANS N/A N/A N/A N/A Diversified financial services, N/A Plano, Texas Elizabeth Million, Branch Manager 11 2595 Canyon Blvd., Suite 110 N/A N/A N/A specializing in mortgages. N/A 1969 Boulder, CO 80302 www.bankofamerica.com 303-443-1122/303-443-6739 NR CHASE MORTGAGE N/A N/A N/A N/A Pre-qualification programs, N/A N/A Cheryl Lemberg, Senior Loan Officer 12 603 S. Broadway N/A N/A N/A first-time home buyer programs, N/A JPMorgan Chase & 2000 Boulder, CO 80305 jumbo and super jumbo mortgages, Co. http://homeloan.chase.com/cheryl.l.lemberg 303-859-9196/866-544-0471 vacation home financing, FHA and VA mortgages. 9 DOVETAIL LENDING LLC N/A N/A N/A N/A Sustainable mortgage lending. N/A Boulder Eric S. Peltier, Owner 13 1035 Pearl St., Suite 301 $13,344,000 80 33% N/A 2005 Boulder, CO 80302 www.dovetaillending.com 303-449-0343/800-928-5042 7 EQUITABLE SAVINGS & LOAN N/A N/A N/A N/A Mortgage loans, consumer loans, N/A Sterling, Colo. Donald M. Koenig, Jr., CEO and President 14 ASSOCIATION $39,699,051 436 31% checking accounts, MMA, CDs, IRAs. N/A 1954 221 N. Third St. www.equitable-savings.com Sterling, CO 80751 970-522-6522/970-522-3917 NR FIRSTBANK OF BOULDER N/A N/A N/A N/A N/A N/A Lakewood, CO Jim Hall, President 15 6500 Lookout Road N/A N/A N/A N/A FirstBank Holding 1963 Boulder, CO 80301 Co. www.efirstbank.com 303-530-1000/303-581-2540 NR GREENCO FINANCIAL INC. N/A N/A N/A N/A FHA, VA, underwrite and fund N/A Boulder Mike Greenberg, President 16 3005 Center Green Drive, Suite 200 N/A N/A N/A in-house, first mortgages of all N/A 1988 Boulder, CO 80301 types, adjustables, jumbo, fixed www.greencofinancial.com 303-444-8900/303-444-8979 and CHFA. 14 MORTGAGEMAX INC. N/A N/A N/A N/A Full-service FHA, VA and N/A Boulder James Dorney, President 17 3005 Center Green Drive, Suite 110 N/A N/A N/A conventional residential financing N/A 1995 Boulder, CO 80301 in-state, nationwide lending, www.mortgagemaxloans.com 303-443-5566/303-444-8610 commercial, foreclosures, construction, lots, developers, spec. homes, investment property. NR ORION MORTGAGE INC. N/A N/A N/A N/A Mortgage loans for any purpose. N/A Broomfield Don Opeka, President 18 10560 Wadsworth Blvd. N/A N/A N/A N/A 1996 Broomfield, CO 80021 www.orionmortgageinc.com 303-469-1254/303-469-6744 8 UNITED LENDING INC. N/A N/A N/A N/A Mortgages (conventional, jumbo, N/A Boulder Nahid Cohen, CEO 19 3005 Center Green Dr. Suite 100 $23,808,000 500 20% construction, purchases, N/A 1997 Boulder, CO 80301 refinances, no income, no asset), www.unitedlendingonline.com 303-494-5170/303-494-1460 bridge loans, interest only. N/A: Not available. SOURCE: BUSINESS REPORT SURVEY If your company should be on this list, please request a survey by e-mailing [email protected] or calling our research department at (303) 440-4950. RESEARCHED BY Beth Edwards book greenGUIDE TO SUSTAINABLE BUSINESS IN THE BOULDER VALLEY june 26 - july 9, 2009 A Special Publication of the Boulder County Business Report 17A17A 17A Boulder County Business Report | www.bcbr.com Feb. 19 - March 4, 2009 | 17A Commercial Vacancy Rates Commercial Vacancy Rates Tracked by Xceligent Inc. Tracked by CoStar Group Inc. Fourth quarter 2009 Fourth quarter 2009 Type Total Vacant Vacancy Type Total Vacant Vacancy (sq. ft.) (sq. ft) Rate (sq. ft.) (sq. ft) Rate Boulder Boulder Office 8,186,097 900,738 11% Office 10,079,163 922,106 9.1% Flex 5,988,146 412,901 6.9% Flex 4,970,435 626,570 12.6% Industrial 6,813,066 514,292 7.5% Industrial 4,355,899 383,445 8.8% Broomfield Broomfield Office 2,577,616 580,943 22.5% Office 5,621,842 549,144 9.8% Flex 910,953 176,237 19.3% Flex 1,544,184 235,579 15.3% Industrial 3,680,433 288,167 7.8% Industrial 3,184,858 297,908 9.4% Lafayette Lafayette Office 1,440,023 148,403 10.3% Office 231,204 17,375 7.5% Flex 564,491 49,713 8.8% Flex 907,162 166,026 18.3% Industrial 1,172,833 178,407 15.2% Industrial 703,473 74,108 10.5% Longmont Longmont Office 1,886,470 191,981 10.2% Office 722,150 65,418 9.1% Flex 3,933,357 461,422 11.7% Flex 8,111,827 317,241 3.9% Industrial 4,408,641 481,882 10.9% Industrial 6,290,208 871,904 13.9% Louisville Louisville Office 1,398,041 243,214 17.4% Office 992,146 135,242 13.6% Flex 1,354,181 264,840 19.6% Flex 2,621,889 235,988 9% Industrial 3,406,983 246,287 7.2% Industrial 2,013,284 76,608 3.8% Superior Superior Office 248,838 41,276 16.6% Office 151,342 22,024 14.6% Industrial 52,600 0 0% Grand Total Grand Total Office 12,860,555 1,740,193 13.5% Office 20,674,377 2,096,124 10.1% Flex 19,173,208 1,367,735 8% Flex 11,733,417 1,578,782 13.5% Industrial 16,547,722 1,703,973 10.3% Industrial 19,534,556 1,709,035 8.7% Buildings larger than 20,000 square feet LISTS ACUPUNCTURE CLINICS ADVERTISING, MARKETING & PR FIRMS AEROSPACE COMPANIES AIRCRAFT COMPANIES ALTERNATIVE ENERGY COMPANIES ARCHITECTURAL & DESIGN FIRMS ART GALLERIES ASSISTED LIVING AUDIOLOGY CLINICS AUTO DEALERSHIPS ACUPUNCTURE CLINICS BANK BRANCHES BIOSCIENCE COMPANIES BUSINESS BROKERS CARDIOLOGY CLINICS CATERING COM NIES CERTIFIED PUBLIC ACCOUNTANTS CHAMBERS OF COMMERCE COLLEGES & UNIVERSITIES COMMERCIAL BANKS COMMERCI IT’S BACK! PRINTERSInformation COMMERCIAL REAL ESTATE BROKERAGES COMPUTER TyouRAINING COMPANIES need CONTINUING EDUCATION PROGRAMS CREDIT NOW YEAR- UNIONS CULTURAL ATTRACTIONS DATA STORAGE COMPANIES EMPLOYEE BENEFITS COMPANIES ENGINEERING FIRMS EVENT PLA NERS EVENT VENUES EXECUTIVE PLACEMENT FIRMS EXECUTIVE SUITES FAMILY OWNED BUSINESSES FASTEST GROWING PRIV ROUND! COMPANIES WITH REVENUES LESS THAN $2 MILLION FASTEST GROWINGSTAY PRIV INFORMEDATE COMPANIES WITH REVENUES MORE THAN $2 MILL GENERAL CONTRACTORS GOLF COURSES HEALTH INSURERS HOME BUILDERS HOSPITALS HOTELS & ACCOMMODATIONS HEATING & AIR CONDITIONING COMPANIES INTERIOR DESIGNERS INTERNET SERVICE PROVIDERS IT CONSULTANTS JOB TRAINING PROGRAM LANDSCAPE ARCHITECTS LASIK EYE-SURGERY CLINICS LAW FIRMS LIMOUSINE AND SHUTTLE SERVICES MICROBREWERIES & BREWPU MORTGAGE LENDERS MUNICIPALITIES NATURAL PRODUCTS COMPANIES NETWORK-SECURITY FIRMS NEWSPAPERS NONPROFITS A PHILANTHROPIC ORGANIZATIONS OCCUPATIONAL MEDICINE CLINICS OFFICE FURNITURE AND DESIGN FIRMS PHYSICAL THERA AND REHABILITATION CENTERS PLASTIC AND COSMETIC SURGEONS PRIVATE SCHOOLS PUBLIC COMPANIES RADIO STATIONS RECY CLING COMPANIES REMODELING COMPANIES RESIDENTIAL PROPERTY MANAGEMENT FIRMS RESIDENTIAL REAL ESTATE BROKERAGES SBA LENDERS SOFTWARE COMPANIES SPORTS & RECREATION EQUIPMENT MANUFACTURERS STAFFING AGENCIES STOCK & BOND BROKERS TELECOMMUNICATION COMPANIES TELEPHONE & EQUIPMENT INSTALLATION COMPANIES UTILITY COMPANIES VENTURE CAPITSUBSCRIBEAL FUNDS VIDEO, FILM AND AUDIO PRODUCTION COMPANIES VOIP PROVIDERS WEALTH MANAGEMENT FIRMS WEB DESIGNERS AND DEVELOPERS WOMEN-OWNED BUSINESSES YOGA & PILATES STUDIOS LISTSTO ACUPUNCTURE THE LEADINGCLINICS ADVERTISING, MARKETING & PR FIRMS AEROSPACE COMPANIES AIRCRAFT COMPANIES ALTERNATIVE ENERGY COMPANIES ARCHITECTURAL & DESIGN FIRMS ART GALLERIES ASSISTED LIVING AUDIOLOGY CLINICS AUTO DEALERSHIPS ACUPUNCTUREBUSINESS CLINICS BANK BRNEWSANCHES BIOSCIENCE COMPANIES BUSINESS BROKERS CARDIOLOGY CLINICS CATERING COM NIES CERTIFIED PUBLIC ACCOUNTANTS CHAMBERS OF COMMERCE COLLEGES & UNIVERSITIES COMMERCIAL BANKS COMMERCI PRINTERSSOURCE COMMERCIAL REAL ESTATE BROKERAGES COMPUTER TRAINING COMPANIES CONTINUING EDUCATION PROGRAMS CREDIT UNIONS CULTURAL ATTRACTIONS DATA STORAGE COMPANIES EMPLOYEE BENEFITS COMPANIES ENGINEERING FIRMS EVENT PLA NERS EVENT VENUES EXECUTIVE PLACEMENT FIRMS EXECUTIVE SUITES FAMILY OWNED BUSINESSES FASTEST GROWING PRIV COMPANIES WITH REVENUES LESS THAN $2 MILLION FASTEST GROWING PRIVATE COMPANIES WITH REVENUES MORE THAN $2 MILL GENERWhereAL CONTRACTORS the GOLF COURSES HEALTH INSURERS HOME BUILDERS HOSPITALS HOTELS & ACCOMMODATIONS HEATING & AIR CONDITIONING COMPANIES INTERIOR DESIGNERS INTERNET SERVICE PROVIDERS IT CONSULTANTS JOB TRAINING PROGRAM LANDSCAPE ARCHITECTS LASIK EYE-SURGERY CLINICS LAW FIRMS LIMOUSINE AND SHUTTLE SERVICES MICROBREWERIES & BREWPU MORTGWHO’SAGE LENDERS MUNICIP WHOALITIES NATURAL PRODUCTS COMPANIES NETWORK-SECURITY FIRMS NEWSPAPERS NONPROFITS A PHILANTHROPIC ORGANIZATIONS OCCUPATIONAL MEDICINE CLINICS OFFICE FURNITURE AND DESIGN FIRMS PHYSICAL THERA ANDRead REHABILITATION the CENTERS PLASTIC AND COSMETIC SURGEONS PRIVATE SCHOOLS PUBLIC COMPANIES RADIO STATIONS RECY CLING COMPANIES REMODELING COMPANIES RESIDENTIAL PROPERTY MANAGEMENT FIRMS RESIDENTIAL REAL ESTATE BROKERAGES SBA LENDERS SOFTWARE COMPANIES SPORTS & RECREATION EQUIPMENT MANUFACTURERS STAFFING AGENCIES STOCK & BOND Is your current lender playing BROKERSWHAT’S TELECOMMUNICATION WHATCOMPANIES TELEPHONE & EQUIPMENT INSTALLATION COMPANIES UTILITY COMPANIES VENTURE CAPITAL FUNDS VIDEO, FILM AND AUDIO PRODUCTION COMPANIES VOIP PROVIDERS WEALTH MANAGEMENT FIRMS WEB DESIGNERS HIDE AND SEEK with you? AND DEVELOPERS WOMEN-OWNED BUSINESSES YOGA & PILATES STUDIOS LISTS ACUPUNCTURE CLINICS ADVERTISING, MARKETING & PR FIRMS AEROSPACE COMPANIES AIRCRAFT COMPANIES ALTERNATIVE We at WR Starkey Mortgage have nothing to hide. ENERGY COMPANIES ARCHITECTURAL & DESIGN FIRMS ART GALLERIES ASSISTED LIVING AUDIOLOGY CLINICS AUTO DEALERSHIPS With the personalized and professional services we ACUPUNCTURESubscriptions CLINICS BANK BRstartANCHES atBIOSCIENCE $49.97 COMPA NIESand BUSINESS BROKERS CARDIOLOGY CLINICS CATERING COM NIES CERTIFIED PUBLIC ACCOUNTANTS CHAMBERS OF COMMERCE COLLEGES & UNIVERSITIES COMMERCIAL BANKS COMMERCI provide, you’ll never need to seek another lender. PRINTERSinclude COMMERCI aAL FREEREAL ESTA TEcopy BROKERA ofGES CtheOMPUTER 2011 TRAINING COMPANIES CONTINUING EDUCATION PROGRAMS CREDIT UNIONS CULTURAL ATTRACTIONS DATA STORAGE COMPANIES EMPLOYEE BENEFITS COMPANIES ENGINEERING FIRMS EVENT PLA A leader in the industry... WR Starkey Mortgage — a NERSBook EVENT V ENUESof Lists EXECUTIVE* ($30PLACEMENT value). FIRMS EXECUTIVE SUITES FAMILY OWNED BUSINESSES FASTEST GROWING PRIV different kind of company where people come first! COMPANIES WITH REVENUES LESS THAN $2 MILLION FASTEST GROWING PRIVATE COMPANIES WITH REVENUES MORE THAN $2 MILL Please feel free to contact us at: GENER*2011AL CONTR BookACTORS of Lists GOLF publishesCOURSES HEAL Jan.TH INSURERS 2011. HOME BUILDERS HOSPITALS HOTELS & ACCOMMODATIONS HEATING & AIR CONDITIONING COMPANIES INTERIOR DESIGNERS INTERNET SERVICE PROVIDERS IT CONSULTANTS JOB TRAINING PROGRAM 1470 Walnut Street #100, Boulder, CO 80302 Office: 303.545.9600 LANDSCAPE ARCHITECTS LASIK EYE-SURGERY CLINICS LAW FIRMS LIMOUSINECALL AND SHUTT ORLE S GOERVICES ONLINE MICROBREWERIES TODAY & BREWPU MORTGAGE LENDERS MUNICIPALITIES NATURAL PRODUCTS COMPANIES NETWORK-SECURITY FIRMS NEWSPAPERS NONPROFITS A PHILANTHROPIC ORGANIZATIONS OCCUPATIONAL MEDICINE CLINICS OFF303-440-4950ICE FURNITURE AND Dwww.BCBR.comESIGN FIRMS PHYSICAL THERA AND REHABILITATION CENTERS PLASTIC AND COSMETIC SURGEONS PRIVATE SCHOOLS PUBLIC COMPANIES RADIO STATIONS RECY Amanda Sessa, Branch Manager/Sr. Loan Consultant - [email protected] • 303.883.8858 CLING COMPANIES REMODELING COMPANIES RESIDENTIAL PROPERTY MANAGEMENT FIRMS RESIDENTIAL REAL ESTATE BROKERAGES SBA LENDERS SOFTWARE COMPANIES SPORTS & RECREATION EQUIPMENT MANUFACTURERS STAFFING AGENCIES STOCK & BOND John Sessa, Sr. Home Loan Consultant - [email protected] BROKERS TELECOMMUNICATION COMPANIES TELEPHONE & EQUIPMENT INSTALLATION COMPANIES UTILITY COMPANIES VENTURE CAPITAL FUNDS VIDEO, FILM AND AUDIO PRODUCTION COMPANIES VOIP PROVIDERS WEALTH MANAGEMENT FIRMS WEB DESIGNERS Carrie Nash, AND DEVELOPERS WOMEN-OWNED BUSINESSES YOGA & PILATES STUDIOS Sales Manager/Sr. Loan Consultant LISTS ACUPUNCTURE CLINICS ADVERTISING, MARKETING & PR FIRMS AEROSPACE COMPANIES AIRCRAFT COMPANIES ALTERNATIVE ENERGY COMPANIES ARCHITECTURAL & DESIGN FIRMS ART GALLERIES ASSISTED LIVING AUDIOLOGY CLINICS AUTO DEALERSHIPS [email protected] • 303.478.7696 ACUPUNCTURE CLINICS BANK BRANCHES BIOSCIENCE COMPANIES BUSINESS BROKERS CARDIOLOGY CLINICS CATERING COM Designed by WR Starkey Mortgage. Any reproduction without the express written consent of WR Starkey Mortgage is strictly prohibited. NIES CERTIFIED PUBLIC ACCOUNTANTS CHAMBERS OF COMMERCE COLLEGES & UNIVERSITIES COMMERCIAL BANKS COMMERCI 18A 18A18A 18A | Feb. 19 - March 4, 2010 Boulder County Business Report | www.bcbr.com business report SINGLE-OFFICE RESIDENTIAL REAL ESTATE BROKERAGES LIST (Brokerages ranked by dollar volume of sales in Boulder and Broomfield counties.*) Company Dollar volume of sales No. of sales closed Gross commissions 2009 No. of current listings Person in charge PREV. Address 2009 2009 No. of FT licensed agents Average price Year founded RANK RANK Phone/Fax 2008 2008 No. of local offices Referral network Web site 2 RE/MAX OF BOULDER INC. $520,597,438 1,252 N/A 392 D.B. Wilson, Manager 1 2425 Canyon Blvd., Suite 110 $631,243,307 1,350 84 $548,000 1977 Boulder, CO 80302 1 Yes www.BoulderCO.com 303-449-7000/303-449-8554 3 ERA TRADEWIND REAL ESTATE $88,158,207 372 N/A 176 James Plaster, Owner/Broker 2 601 S. Bowen St. $137,811,000 511 68 $374,754 2002 Longmont, CO 80501 1 Yes www.eratradewind.com 303-772-9620/303-772-9653 13 WRIGHT KINGDOM INC. N/A N/A N/A N/A Gary Collins, Broker; Lew Kingdom and 3 4875 Pearl East Circle, Suite 100 N/A N/A 70 N/A Stu Wright Boulder, CO 80301 1 N/A 1976 303-443-2240/303-443-2893 www.wrightkingdom.com 11 GOODACRE & CO. N/A N/A N/A N/A Bill Goodacre, Owner; Tim Goodacre, 4 2450 Broadway N/A N/A 38 N/A Owner and John Kidder, Managing Boulder, CO 80304-4109 1 N/A Broker and Owner 303-449-3434/303-449-3555 1974 www.goodacreproperties.com 3 MOCK REALTY N/A N/A N/A N/A Gail Mock, Broker/Owner 5 825 S. Broadway $89,912,510 194 21 N/A 1965 Boulder, CO 80305 1 N/A www.mockrealty.com 303-494-4250/303-499-8425 NR BORG REAL ESTATE N/A N/A N/A N/A Ed Borg, Owner 6 236 Pearl St. N/A N/A 8 N/A 1984 Boulder, CO 80302 1 N/A www.borghomes.com 303-449-1010/303-449-6087 7 NIWOT REAL ESTATE INC. N/A N/A N/A N/A Patricia Murphy, President 7 102 Second Ave. N/A N/A 7 N/A 1986 Niwot, CO 80544-0340 1 N/A www.niwotrealty.com 303-652-2626/303-652-3483 NR TRILOGY REAL ESTATE INC. N/A N/A N/A 10 Stephanie Lyon, Managing Broker and 8 608 Main St. N/A N/A 5 $876,000 Owner and Stacey Buck, Broker and Louisville, CO 80027 1 Yes Owner 303-666-7101/303-666-7102 2007 www.trilogycolorado.com 8 ACQUIRE INC. N/A N/A N/A N/A Paige Coker Heiman 9 1155 Canyon Blvd., Suite 110 N/A N/A 4 N/A 2004 Boulder, CO 80302 1 N/A www.insideacquire.com 303-448-1400/303-998-1400 4 HOUSING HELPERS OF BOULDER N/A N/A N/A N/A Stephanie Iannone, Owner 10 LLC $22,000,000 55 4 N/A 1987 2865 Baseline Road 1 N/A www.housinghelpers.com Boulder, CO 80303-2311 303-545-6000/303-545-6537 6 KOIS REAL ESTATE N/A N/A N/A N/A Dody Kois and Bob Kois, Brokers 11 5621 W. 136th Ave. $6,056,000 26 4 N/A 1978 Broomfield, CO 80020 1 N/A XXXX fromwww.koisre.com 11A 303-469-8866/303-484-4314 9 SPEAR AND CO. B N/A N/A N/A N/A Judy Spear 12 4450 Arapahoe Ave., Suite 100 N/A N/A 3 N/A 2009 Boulder, CO 80303 1 N/A www.BoulderCountyInfo.com 303-448-8855/877-532-2982 5 STELLAR PROPERTIES N/A N/A N/A N/A Tony Martinez, Broker 13 1290 Yellow Pine Ave. $13,005,393 41 3 N/A 2004 Boulder, CO 80304 1 N/A www.StellarProperties.net 303-442-2448/1-866-832-8612 12 KELLER WILLIAMS BOULDER N/A N/A N/A N/A Kay Bellhouse, Broker/Team Leader 14 MARKET CENTER N/A N/A 2 N/A 1996 3005 Center Green Drive, Suite 1 N/A www.liveinboulder.com 100 Boulder, CO 80301 303-440-8080/303-440-6263 NR METRO BROKER - THE NEW N/A N/A N/A N/A Mary Ellis, Majority Owner 15 CENTURY GROUP LLC N/A N/A 1 N/A 1996 1790 30th St., No. 130 1 N/A www.maryellis.com Boulder, CO 80301 303-661-9999/303-440-4495 10 THE PELOTON N/A N/A N/A N/A Peter Cushman, Senior Vice President of 16 3601 Arapahoe Ave., Suite 177 N/A N/A 1 N/A Sales Boulder, CO 80303 1 N/A 2006 303-457-5230/303-457-5231 www.ThePeloton.com *Second ranking criteria is number of full-time licensed agents. N/A: Not available. SOURCE: BUSINESS REPORT SURVEY If your company should be on this list, please request a survey by e-mailing [email protected] or calling our research department at 303-440-4950. RESEARCHED BY Beth Edwards B Formerly Help-U-Sell Home Gallery. SOUL from 3A releasing the pressure. a prey animal rather than a predator. ing,” says Feather Berkower, a stu- immersed in the horse community For example, pressure can “Take a woman who’s bubbly and dent for the past three years. “She’s before founding her business, Johnson come from pulling on the reins excited to get close to a horse,” she says, a phenomenal master at this — at started out with clientele. She’s now to stop a horse. As soon as he/she explaining the downside of that behavior understanding their language. It’s like putting effort into marketing. responds by stopping, the pressure around a horse. “The horse gets nervous she’s a horse herself.” “It was a big step getting our Web is released to reward the animal for and fearful around that energy.” Since Johnson went into business site, www.mountainrosetraining. stopping. Releasing the pressure Through MRHT, Johnson, sole already owning horses and equipment, com, up this last year.” actually creates a horse’s desire to owner, offers horsemanship courses startup costs were about $20,000. MRHT revenues for 2008 reached repeat the behavior when pressure like earning respect and building rap- “My father was an angel investor with almost $100,000, making it the best is next applied. Doing so increases port; clinics that range from equine a payment plan that was better than year to date. Although business was the horse’s feeling of safety and first aid to trailer loading; and private any other source.” down 25 percent in 2009, the com- survival. instruction. Since she had worked as a barn pany remains profitable, according to Johnson teaches students to think like “She teaches way more than rid- manager, a horse trainer and been Johnson. 19A19A 19A Boulder County Business Report | www.bcbr.com Feb. 19 - March 4, 2009 | 19A business report DLCK@$F==@:<I :FC;N :FCFI8;FC8E;D8IBI<8CKFIJ (,.#'''#''' *+. E&8 ()) Af\cI`gdXjk\i#9ifb\i&Fne\i ) ) :?I@JKP J>I<8K I<&D8O8CC@8E:< E&8 E&8 E&8 E&8 >i\^Jd`k_#DXeX^`e^9ifb\i * EI +..'9Xj\c`e\IfX[#Jl`k\)'' E&8 E&8 0' E&8 (0/+ 9flc[\i#:F/'*'* * E&8 nnn%_fd\j`eZfcfiX[f%Zfd *'*$+00$0//'&*'*$+00$(.,, I<&D8O8CC@8E:< E&8 E&8 E&8 E&8 D`b\JZfkk#DXeX^`e^9ifb\i + EI -*+*N%()'k_8m\%#Jl`k\('' E&8 E&8 /' E&8 (00' 9iffd]`\c[#:F/'')( ) E&8 nnn%i\Xc\jkXk\gif]\jj`feXc%Zfd *'*$+-0$//)(&*'*$+-0$.0,0 GIL; =FLIJK8II<8CKP GIFG 9 !J\Zfe[iXeb`e^Zi`k\i`X`jeldY\if]]lcc$k`d\c`Z\ej\[X^\ekj% E&81EfkXmX`cXYc\% JFLI:<19LJ@E 20A | Feb. 19 - March 4, 2010 Boulder County Business Report | www.bcbr.com on the job GOVERNMENT The city and county of Broomfield appointed Patri- cia Soderberg as finance director. She replaces Greg Demko who left Broomfield Jan. 22 for a post in North Carolina. Soderberg came to the finance department in 1998 and has been deputy director of finance for Broomfield since 2001. Silverman Cousin Davis Guneratne Higgins Kilburn, Pacey Setter Soderberg HEALTH CARE Longmont United Hospital appointed Thomas ADVERTISING, COMMUNICATIONS including administrative support, grant- writing ers. The network assists credit unions by managing Chapman and Dr. Mark Hinman to its board of directors. Chapman is managing partner of First Boulder-based marketing and public relations firm services, fundraising, marketing and promotion, shared branching and credit union service centers. MainStreet Insurance LCC, and Hinman has been on Pivot Communication LLC hired Brad Turner. education and community outreach. These service-oriented options allow participating the hospital’s staff since 1993 and served as chief of Turner is a former newspaper editor and reporter credit unions’ members to make transactions in BANKING, FINANCE medical staff in 2003 and 2009. who has written for the Denver Post, Longmont service centers or shared branches, extending the Times-Call, Daily Camera and MTV Online. Turner Key Equipment Finance in Superior appointed reach of the participants beyond their geographic Exempla Good Samaritan Medical Center in Lafay- has degrees in journalism and music from the Uni- Lori G. Frasier to senior vice president of research area. ette promoted Barbara Davis to vice president, per- versity of Colorado at Boulder. and development. Frasier is responsible for market research, client insight, sales and key business per- EDUCATION formance excellence. Her work includes care and risk ARTS formance analysis, international business support and Naropa University in Boulder hired Todd J. Kilburn management and infection prevention. John Higgins The Longmont Council for the Arts named Tracy employee development initiatives. Frasier has been as chief administrative officer, a new position in the was promoted to vice president of finance. He is on Taylor-Sea president and Ashley Bradley vice presi- with Key Equipment Finance since 2003. president’s office. Kilburn will be responsible for the hospital’s Business Development Committee. dent of its board of directors. Anne Schmid and organizing, coordinating and reporting on activities And Amy Pacey was promoted to vice president, Lonni Peterson step down as president and secre- Rhett B. Rowe, chief executive of Premier Members established to support the university’s mission, as human resources. tary, respectively. The arts council provides an array Federal Credit Union has been appointed to the well as providing oversight of management and of services to artists and cultural arts organizations, Credit Union Service Network board of manag- implementation of the strategic plan. HIGH TECH Longmont-based Rebit Inc. named Priyan Guneratne senior vice president of engineering. This new position was created to focus on product development for the growing company that specializes in backup storage devices for personal computers. Boulder-based Droplet Measurement Technologies hired Patricia Keady as director of business develop- ment and marketing. Keady has more than 30 years experience in the aerosol instrumentation field, includ- ing positions in engineering, marketing and executive management. She is a past president of the American Association for Aerosol Research and holds two U.S. patents for inventions in the measurement of ultrafine particles and respiratory protection. HOSPITALITY, RECREATION Brad Mastrine has joined Boulder-based All Phases Event Group as director of business development. All Phases Event Group provides entertainment services with a focus on event marketing and live music. All Phases recently moved from Louisville. MANUFACTURING Mix1 Beverage Co. in Boulder, a maker of all-natural drinks, has appointed Doug Rauch to its board of directors. Rauch has more than 30 years of experi- ence in the grocery business, having helped grow Trader Joe’s Co. chain from nine stores in California to more than 330 stores in 27 states. Rauch serves on the boards of a number of nonprofit organizations and is a fellow at Harvard University. NONPROFIT The Colorado Solar Energy Industries Association based in Louisville has selected Neal Lurie as its exec- utive director. Previously, Lurie served as a national director of the nonprofit American Solar Energy Soci- ety based in Boulder. The association represents more than 200 member companies — solar manufacturers, distributors, financers, dealers, installers, utilities, and nonprofit organizations. The Boulder Housing Partners Foundation elected Lynn Guissinger and Bob Walker to serve on its board of directors. The foundation helps Boulder Housing Partners residents pursue successful, productive and dignified lives by mobilizing resources for supportive, life-enriching and community building services The Colorado Chautauqua Association appointed Patricia Limerick, co-founder of the Center of the American West, to its board of directors. Limerick is a midterm replacement for former University of Colorado Leeds School of Business dean Dennis Ahl- burg, who moved to San Antonio, Texas, to become president of Trinity University. Blue Sky Ridge has appointed Judy Toran Cousin as executive director. Cousin has been serving on the agency’s board of directors since 2007, and has been chairwoman of the board since May 2009. She will be stepping down from the board to fill the position, which has been vacant since November. Blue Sky Bridge provides forensic interviews, crisis interven- tion, counseling and referrals to abused children and their nonoffending family members. REAL ESTATE Marcella Setter has joined Coldwell Banker Resi- dential Brokerage in Boulder as a sales associate. Setter previously worked selling park and playground equipment and recently completed a training program through American Real Estate College. Gary Silverman has joined Boulder-based Pedal to Properties Inc. as a broker associate. Silverman has worked as a licensed broker in Boulder and recently earned his GRI. He is also a manager at the Boulder Cork restaurant, where he has worked for 27 years. 21A Boulder County Business Report | www.bcbr.com Feb. 19 - March 4, 2009 | 21A EXECstyle PETER WAYNE CJ Gauss, a local cyclist sponsored by Boulder-based mix1 Beverage Co., rides his track bike on the velodrome at Boulder Indoor Cycling. Racing at the Though Gauss, and many others, is a sponsored Boulder Indoor Cycling rider, it’s not just Velite racers or hardcore enthusiasts Wooden indoor track who use the velodrome. 3550 Frontier Ave., Suite A Steven Herzfeld, the velodrome’s cycling director, Boulder, CO 80301 303-292-5464 draws competitors said they see everyone from first-timers, who typi- www.boulderindoorcycling.com cally become staunch riders, to professional bikers. for team competition “It’s not an elitist group of racers,” he said. Yet, Olympians ride and teach at the track. can only go as fast as they pedal. If the bike’s rear BY RYAN DIONNE Former Olympian Colby Pearce and professional wheel is turning, so are the pedals in the same way [email protected] rider Chuck Coyle are on the list of coaches at the a “fixie” or fixed gear bike operates. velodrome. Herzfeld and Gauss both said riding a track bike BOULDER — Spinning around a 142-meter Those coaches are there to get people hooked on is safer when riding in a tight pack because nobody track over and over while being chased by another the thought of track racing. Herzfeld said after the has brakes. Many crashes in cycling are caused by rider is an every day occurrence at the Boulder initial $30 membership fee to get riders in the door, riders braking hard and then causing a series of Indoor Cycling track. most riders take a roughly $120 to $140 introduc- fender bender-type crashes. The velodrome, which opened in January 2009, is tory class to learn more about the ins and outs of The fixed gear also helps riders become stronger a wooden oval track with 45-degree banked turns. the velodrome. by forcing them to constantly ride with the same And every week, racers grab their fixed-gear track Gauss said he and his road-biking friends took gear ratio and continually keep their legs moving. bikes, don their cycling shorts, jerseys, helmets, the course and most, if not all, have since bought But the track isn’t meant for recreationally riding gloves and shoes, and put their skills to the test. track bikes and are regulars at Boulder Indoor in circles. Numerous times per week riders show up “We’re pretty lucky to have this,” said CJ Gauss, Cycling. At first they used bikes that the business for a handful of individual and team competitions. a local rider sponsored by Boulder-based mix1 “rents” for free. One race, “pursuit,” pits two riders against each Beverage Co. Unlike a road bike, when on a track bike, riders ➤ See Racing, 22A 22A 22A | Feb. 19 - March 4, 2010 Boulder County Business Report | www.bcbr.com RACING from 21A Obstacles help refine other. They start at opposite sides of mountain bike skills the track and try to catch each other within a specific number of laps. BOULDER – If riding in Another race, “Madison,” is much circles with fixed-gear track like a relay in that one rider is in the bikes doesn’t sound fun, Boul- race while the other is resting or slowly der Indoor Cycling also has a circling the track. After a set amount North-Shore-style mountain of laps or time, the riders fluidly and bike park. quickly switch. The first team to cross The park consists of mostly the finish line after a set distance wins. shin-high wooden bridges that Local companies sponsor some of weave throughout the space those riders. Businesses like mix1, along with teeter-totters, logs Excel Sports Boulder, Vics Espresso and other obstacles that help rid- and even Google are some of them. ers work on balance and master “A good example is Google,” Gauss maneuverability. said. “They don’t have a lot to do Though riders can try any with cycling, but they’ve got a big number of paths, each route is office here. They’ve got guys who are PETER WAYNE marked according to skill level. into cycling. One of the guys on our Local cyclists, from left, Taylor Jung, Nick Traggis and Michael Catterall, talk after riding and The obstacles range from riding team rides for them. (I’m) happy to racing on the velodrome at Boulder Indoor Cycling. atop laid down telephone poles have cool local companies like that to dropping in on ramps a few involved.” feet wide. With the high cost of cycling, the OLYMPIANS RIDE Riding narrow tracks works riders appreciate any help. Though on both strength and balance, perhaps less expensive than road bik- and teach at the track. Former Olympian Colby Pearce and profes- said Steven Herzfeld, Boulder ing, track bikes can range from around sional rider Chuck Coyle are on the list of coaches at the velodrome. Indoor Cycling’s cycling direc- $700 to a few thousand dollars. tor. “The sky’s the limit on track bikes,” Boulder Indoor Cycling Herzfeld said. Herzfeld is the only one who rides, house easily accessible from throughout doesn’t have adult-size moun- But even in a recession, the velo- which helps the group take a more Boulder and the surrounding area. tain bikes, so most mountain drome has a consistent pack of rid- businesslike approach because they’re And because the velodrome is bikers must bring their own. ers going in and out, Herzfeld said. not as emotionally invested. inside, unlike some others through- And, like the velodrome, all rid- Though many other velodromes He also said the business has enough out the state and country, it’s not ers must wear a helmet and sign along the Front Range have failed in options for everyone from private party impacted by weather. That makes a liability waiver. the past, he thinks Boulder Indoor spaces, kids riding areas, the track and it a great place for riders to train as Cycling is different. an indoor mountain bike park. they prepare for their summer racing — Ryan Dionne For one, among the co-owners, All of this is in a minimalist ware- season. University of Colorado at Boulder Invest in yourself. Professional development enables you to expand your skill set or explore a new career path. Whether you are looking to advance your career or pursue a new one, Continuing Education can take you there. We have a wide range of university courses in business, technology, communication and leadership to help you reach that next level. Now is the time to rise above the rest. Learn more about where Continuing Education can take you. conted.colorado.edu/invest Offered as part of the Colorado Statewide Extended Campus. e University of Colorado is an equal opportunity/nondiscrimination institution. 23A Boulder County Business Report | www.bcbr.com Feb. 19 - March 4, 2009 | 23A ModMarket’s healthy menu made from scratch Salads, soups, flatbread pizzas served in Jetsons-esque setting BY LAURIE BUDGAR [email protected] BOULDER — Anthony Pigliacam- po has no culinary background. His partner, Rob McColgan? Zilch. Pigli- acampo is a design engineer, McCol- gan a finance wonk. So what is this pair doing opening a restaurant — and arguably one of Boulder’s most-popu- lar lunchtime spots, at that? “I’ve always had a passion for health STEPPINGOUT food and wellness,” said Pigliacampo, a skiing and cycling enthusiast. “I would eat at Whole Foods every sin- gle day for two years because there weren’t other options,” he said. While traveling in Europe and Asia, “I saw a lot of interesting café concepts that were much more modern and less formulaic than you see in the United States. I felt there was a hole here of restaurants that were healthy, afford- able and a cool experience.” MICHAEL MYERS Pigliacampo was further inspired Rob McColgan, left, and Anthony Pigliacampo, are co-owners of ModMarket in Boulder. The restaurant serves what McColgan and Pigli- by green markets. “Markets to me have acampo call simple, healthy food. always symbolized the places you go to get fresh food — not just produce in has no intention of being the food bins, but produce ready to eat, too. We police. “We’re not trying to be lowest don’t always have time to take it home You should be able to get a healthy meal and not pay a calorie or lowest fat or lowest carb and cook from scratch. The modern or anything like that — it’s just real market is a place you can go to get bazillion dollars for it. We have $2 glasses of wine. You have a food,” he said. these freshly prepared foods.” And so Boulder’s ModMarket was conceived: pretty civilized meal in a setting that’s kinda nice and a restaurant serving salads, soups and you’re out $10. flatbread pizzas made from scratch, in MODMARKET an environment filled with Jetsons- Anthony Pigliacampo esque design elements — think white 1600 28th St., Unit No. 1212 (in the CO-OWNER, Twenty-Ninth Street shopping centernear Staples) plastic seating, curvy walls, concrete Boulder, CO floors and solar lighting. MODMARKET The pizzas emphasize moderate 720-663-9440 portions of healthy ingredients (like Monday - Saturday, 11 a.m.-9 p.m.; the Goat, with Haystack chevre, toma- Sunday, 11 a.m.-8 p.m. to, spinach and basil pesto) but a few ipe — a combination of eight grains be able to access a healthy meal. Salads, $4.50-$6.50; grilled toppings indulgences are also available (con- — was something I’d been working on Other considerations include using $1.75-$3 extra sider the dessert pizza with pumpkin for a long time,” he said. “For every- nitrate-free pepperoni and offering Soup, $3.75-$7 Flatbread pizzas, $4.50-$8.50 pie filling and whipped cream). The thing else we had a basic outline — it gluten-free crusts (purchased from Wine & beer, $2-$5 salads offer Asian, southwestern and doesn’t take a rocket scientist to come Boulder’s Gluten-Free Bistro). The American flavors, and the option to up with our recipes — they’re not that soups are also made by a local ven- Business Lunch & Dining add grilled chicken, steak, tofu or por- complex.” dor. “He shares our same ethos—his tobellos. Even the soda is an upgrade Nevertheless, the pair engaged the soups (have) like seven ingredients,” to Boylan’s, which is sweetened with help of Troy Guard, chef-owner of Pigliacampo said. The cashew but- Come here with friends or colleagues for a fast, cane sugar. “I wanted a place where Denver’s acclaimed TAG restaurant. ternut soup, for example, is made affordable lunch in sleek surroundings. But you could eat anything on the menu “He took our outline and ran with it. with squash from Munson Farms and don’t expect to hammer out a new marketing and your health, at worst, would stay He really embraced our idea of healthy has no dairy. “It’s so flavorful and so strategy in this noisy, energetic atmosphere. the same — you wouldn’t have any simple food,” Pigliacampo said. “He colorful. It’s also vegan.” negative effects from the food,” Pigli- developed 90 percent of our salad ModMarket also helps those After hours acampo said. dressings — really interesting, flavorful watching their weight. When you “It was really important to have dressings. He came up with some of pay for your food at the counter, you healthy be affordable, so it’s more the flatbreads and sauces that we use. get a receipt that lists the calorie, accessible to people,” he added. “You Working with him allowed us to bring protein, fat and carbohydrate con- The selection of wine and beer is limited, but at least the options are decent. Among should be able to get a healthy meal a quality level to our food that you tent of everything you just ordered the offerings: Barefoot and Girasole wines, and not pay a bazillion dollars for it. don’t normally see at our price point.” — or at least it will. A few glitches Boulder and Breckenridge beers. The buzz is We have $2 glasses of wine. You have That quality also includes a focus in the technology have prevented it cheap, too. But it hasn’t caught on yet as an a pretty civilized meal in a setting on using local and seasonal ingredi- from consistently printing some of the after-work destination. Co-owner Anthony that’s kinda nice and you’re out $10.” ents when possible. But organic status information, but Pigliacampo expects Pigliacampo thinks that’ll change soon. “As But the new restaurateurs still is a side note, Pigliacampo said. “If we that to be worked out by the time you we move into nicer weather and people are needed someone who knew how to were 100 percent organic, our salads read this. going out more in the evenings, I have a feel- cook. To be fair, Pigliacampo does would be 70 to 80 percent more Despite all the attention he pays ing it’ll become more popular.” some home cooking. “The dough rec- expensive,” and fewer people would to healthy ingredients, Pigliacampo 24A 24A | Feb. 19 - March 4, 2010 Boulder County Business Report | www.bcbr.com boulder valley real estate watch EXISTING HOME SALES January 2010 Statistics Year-to-Year Comparison Location Total# Inventory Avg. Avg. Median Total # Sold Average Sales Price Average Days to Contract Median Sales Price Sold Sales Days to Sales Location 1/01/08- 1/01/09- %chg 1/01/08- 1/01/09- %chg Location 1/01/08- 1/01/09- %chg 1/01/08- 1/01/09- %chg Price Contract Price 12/31/08 12/31/09 12/31/08 12/31/09 12/31/08 12/31/09 12/31/08 12/31/09 Boulder 29 338 $864,051 108 $600,000 Boulder 753 564 <25.1> $656,383 $647,030 <1.4> Boulder 65 79 21.5 $538,000 $525,000 <2.4> Broomfield 16 119 $336,519 63 $285,000 Broomfield 354 355 0.3 $398,094 $354,515 <10.9> Broomfield 83 92 10.8 $348,490 $322,000 <7.6> Erie 7 142 $348,323 148 $286,000 Erie 309 276 <10.7> $345,766 $333,780 <3.5> Erie 88 74 <15.9> $305,000 $312,000 2.3 Lafayette 7 111 $374,000 47 $438,000 Lafayette 254 219 <13.8> $355,413 $352,668 <.8> Lafayette 80 70 <12.5> $311,500 $314,000 0.8 Longmont 30 411 $223,398 82 $214,500 Longmont 1026 896 <12.7> $251,888 $240,892 <4.4> Longmont 77 74 <3.9> $219,900 $218,500 <.6> Louisville 8 73 $439,187 85 $364,000 Louisville 204 203 <.5> $390,577 $394,573 1 Louisville 46 64 39.1 $350,300 $355,000 1.3 Superior 9 27 $376,677 123 $297,000 Superior 120 127 5.8 $437,818 $413,935 <5.5> Superior 65 59 <9.2> $401,300 $396,500 <1.2> Mountains 10 272 $364,752 210 $326,500 Mountains 263 203 <22.8> $435,544 $415,567 <4.6> Mountains 121 146 20.7 $355,000 $360,000 1.4 Plains 11 275 $531,681 112 $435,000 Plains 300 243 <19> $618,344 $617,499 <.1> Plains 80 119 48.8 $475,000 $470,000 <1.1> Total 127 Total 3,583 3,086 EXISTING CONDO SALES January 2010 Statistics Year-to-Year Comparison Location Total# Inventory Avg. Avg. Median Total # Sold Average Sales Price Average Days to Contract Median Sales Price Sold Sales Days to Sales Location 1/01/08- 1/01/09- %chg 1/01/08- 1/01/09- %chg Location 1/01/08- 1/01/09- %chg 1/01/08- 1/01/09- %chg Price Contract Price 12/31/08 12/31/09 12/31/08 12/31/09 12/31/08 12/31/09 12/31/08 12/31/09 Boulder 18 371 $384,663 281 $285,000 Boulder 709 628 <11.4> $298,080 $308,924 3.6 Boulder 74 90 21.6 $249,900 $242,000 <3.2> Broomfield 4 33 $216,050 90 $192,400 Broomfield 81 64 <21> $217,027 $213,339 <1.7> Broomfield 132 111 <15.9> $214,699 $195,000 <9.2> Erie 2 24 $330,210 262 $325,000 Erie 22 32 54.5 $215,314 $211,179 <1.9> Erie 118 84 <28.8> $172,277 $190,000 10.3 Lafayette 0 43 0 0 0 Lafayette 118 95 <19.5> $181,739 $185,676 2.2 Lafayette 93 70 <24.7> $169,500 $172,000 1.5 Longmont 13 116 $140,680 67 $135,000 Longmont 233 185 <20.6> $186,912 $172,038 <8> Longmont 110 111 0.9 $169,500 $169,900 0.2 Louisville 4 20 $191,225 85 $117,000 Louisville 57 69 21.1 $214,677 $207,110 <3.5> Louisville 82 88 7.3 $212,000 $207,000 <2.4> Superior 3 16 $172,666 102 $164,000 Superior 42 46 9.5 $217,947 $274,599 26 Superior 86 73 <15.1> $212,500 $210,000 <1.2> Mountains 0 0 0 0 0 Mountains 1 0 N/A $26,000 0 N/A Mountains 105 0 N/A $26,000 0 N/A Plains 2 45 $202,500 111 $85,000 Plains 85 86 1.2 $203,740 $186,359 <8.5> Plains 99 97 <2> $187,115 $159,900 <14.5> Total 46 Total 1,348 1,205 For more information contact: Kenneth Hotard 303.442.3585 • [email protected] Datasource: IRES-Information Real Estate Services Large Boulder Valley firms look for space hree large companies in the Parkway in the Centennial Valley busi- ing off the sidelines, and we’re start- ing – increasing sales 120 percent Boulder Valley are looking ness park and is looking to expand to ing to see some pent-up demand,” said since October 2009 – and recently for space as their leases come about 90,000 square feet. Chris Boston, a vice president and signed a deal with Republic National due, real estate sources say. Superior-based Key Equipment broker at Gibbons-White Inc. Distributing Co. to further increase TBoulder-based Webroot Software Finance, which employs 285 peo- Part of that demand is being those sales. Inc., TransFirst in Louisville and Key ple locally, is also on the lookout spurred by tenants looking for deals Palmer expects to move the dis- Equipment Finance in Superior are for space. The bank-held equip- in a soft market, Boston said, but the tillery to Boulder in early April. The exploring options that could result in ment finance company, an affiliate deals aren’t always as good as they larger location will allow Roundhouse the companies relocating. of KeyCorp, is looking to downsize expect. to install two new stills - one eight Webroot is said to be in its last from its current “The vacancy rates, while up, are times as big, and the other 50 times as year of a lease at 2560 55th St. in 95,000 square still nowhere near as bad as they were big as the current stills, Nelson said. Flatiron Park business park in East feet of office in 2003,” Boston said. Landlords are Roundhouse Spirits plans to debut Boulder. The computer anti-virus space at 1000 willing to make some deals with free several new products by the end of and anti-spyware firm with nearly South McCaslin rent and concessions, he said, but they 2010, including a bourbon, Ameri- 200 local employees has told real Blvd. in Superior aren’t drastically slashing lease rates. can whiskey and an aged version of estate brokers that is it looking for to 50,000 square Boston said the city of Louisville its gin. about 100,000 square feet of office feet. Jones Lang has seen the most interest activity as Its current Roundhouse Gin and space. LaSalle is repre- of late. He predicts several significant Corretto Coffee Liqueur can be found Boulder Economic Vitality REAL ESTATE senting the com- lease deals will be signed there in the in most liquor stores throughout the Coordinator Liz Hanson and Boul- David Clucas pany. next few months. Boulder Valley and in large liquor der Economic Council Executive Eric Brynes- stores in Colorado and Wyoming. The Director Francis Draper said they tad, a vice BOULDER drinks also are served at local high- both have reached out to Web- president and broker for Jones Lang DISTILLERY EXPANDING: A end restaurants such as The Kitchen, root to see how they can keep the LaSalle, said while a couple of these micro-distillery founded in Long- Salt and Black Cat. company within the city of Boul- big-name companies are looking for mont in 2008 is expanding and mov- der. Some sources say Webroot space, many others are staying put ing its operation to Boulder. NO DEAL: For the second time is considering a deal in Broom- – trying to sign short-term leases and Roundhouse Spirits, which pro- in a year, a deal to buy the Camera field, which could put it in the new extensions in their existing space to duces gin and coffee liqueur, signed newspaper building at 1048 Pearl St. Central Park Tower office building wait out the economic downturn. a lease for 4,756 square feet at 5311 has collapsed. being constructed at the Interlock- “The majority of companies are Western Ave., doubling the space it This time, local developer Ste- en Advanced Technology Environ- still reluctant to make any space deci- had in Longmont at 1335 Sherman phen Tebo dropped his pursuit of the ment business park. sions,” he said. “The reality is that Drive. 76,635-square-foot building, which Dallas-based TransFirst, which more companies are being guarded Dan Marks with Emerald Real he had gone under contract to buy employs about 445 people in Louis- than companies moving.” Estate Group and Peter Aweida with in November. In June 2009, Denver- ville, is searching for office space, local Other brokers say leasing activity Westland Development helped bro- developer Randy Nichols also passed brokers say. The payment-processing has picked up in late 2009 and early ker the real estate deal. up on an earlier intention to purchase services company resides in about 2010. Roundhouse Spirits’ President Ted the building. 75,000 square feet at 371 Centennial “I think a lot of companies are com- Palmer said the company is grow- Camera owner MediaNews Group, ➤ See Real Estate, 25A 25A Boulder County Business Report | www.bcbr.com Feb. 19 - March 4, 2009 | 25A Top-Selling Boulder County Single-Builder Subdivisions Top 10 Boulder County Builders Year-to-date December 2009 Year-to-date December 2009 Subdivision Builder City Average Recorded Builder Home Sales County Market Price Closings Share 1. Landmark Lofts Chanin Development Boulder $403,000 41 1. Markel Homes 61 16.8% 2. The Peloton Cityview Peloton Boulder $411,200 33 2. Engle Homes 42 11.6% 3. Chanin Development 41 11.3% 3. Fox Meadow Fairview Condos Engle Homes Longmont $129,000 17 4. Cityview Peloton 33 9.1% 4. Canyon Creek 6 Richmond American Homes Erie $294,000 16 5. Boulder Creek Builders 26 7.2% 5. Blue Vista Condos & Duplexes Boulder Creek Builders Longmont $229,000 13 6. Markel/Coast to Coast 16 4.4% 6. North End Single Family Markel Homes Louisville $467,500 13 7. Richmond American Homes 16 4.4% 7. Northfield Commons Condos Markel / Coast to Coast Boulder $154,200 11 8. Habitat for Humanity 12 3.3% 8. Creekside 2 Townhomes Engle Homes Erie $200,100 10 9. Louisville Lofts 9 2.5% 9. Centennial Pavilion Lofts Louisville Lofts Louisville $222,300 9 10. MCV Walnut Investments 9 2.5% 10. Creekside 2 Single Family Engle Homes Erie $301,700 9 Remaining homebuilders 98 26.9% 11. The Walnut MCV Walnut Investments Boulder $2,909,200 9 Total 363 100% Source: Home Builders Research Source: Home Builders Research REAL ESTATE from 24A and its former co-owner E.W. Scripps, nonprofit focused on transporting BOULDER VALLEY on their mortgage payments. Those put the building up for sale in Novem- seniors and people with disabilities FORECLOSURES: It’s a new homes haven’t necessarily been repos- ber 2008. The property’s value isn’t in Boulder County has completed its year, but the same story for local sessed yet, but the figures are a good so much in its building, but in its land purchase of 6.8 acres to build a new foreclosures. indication of how many households – 1.37 acres in the heart of downtown facility. Boulder and Broomfield counties are struggling to pay their bills. Boulder. Special Transit purchased the reported record high foreclosure fil- Breaking down January’s monthly But sources say developers have property at 2855 N. 63rd St., which ings for January – 130. foreclosures by city, Longmont had had a tough time justifying a pur- sits just east of Boulder in unin- The number was up from the pre- the most filings with 50, followed chase, in part due to the economy, but corporated Boulder County, for vious January record of 101 filings by Boulder with 38 and Broomfield largely due to uncertainties in Boulder $2.4 million, according to public in 2008. Ninety-eight filings were with 23. politics, which have hinted toward records. Western Disposal Inc. was recorded in January 2009. more restrictive building regulations the seller. Foreclosures typically are filed Contact David Clucas at 303-440-4950 and requirements. With the land purchased, Spe- after borrowers are 75 to 90 days late or [email protected]. cial Transit plans to break ground ANIMAL ARTS HOUSE: A local on Feb. 16 to build a new 36,000- architecture firm that designs animal square-foot facility, doubling its shelters, veterinary clinics and pet current space at 4880 Pearl St. It resorts worldwide has purchased an expects to complete the project by office condo in North Boulder to late fall 2010. move its business across town. Special Transit has raised more Animal Arts, which leases space at than $11 million for the new loca- 735 Walnut St. in downtown Boul- tion and facility through gifts from der, plans to move north to 4520 N. community members, foundations Broadway, Unit C-4E by late April. and public sources, including a The principals of the design studio $5.25 million matching grant from purchased the 2,719-square-foot the state of Colorado. It is still seek- office condo at Uptown Broadway ing donations. from developer Four Mile Canyon Founded in 1979, Special Transit Creek for $774,915, according to continues to grow its business. In Boulder County public records. 1990, it had 30 employees and 15 After nearly 30 years in downtown vehicles. Today, it employs more than Boulder, Animal Arts was looking 220 people with 100 buses. to buy and found more competitive prices in North Boulder, principal EXPANDING: A local company Mark Hafen said. The for-sale office that develops technology for airborne condo units at Uptown Broadway measurements of aerosol and cloud were recently reduced in price, which particles has moved and expanded its has spurred sales, said Chris Boston space in Boulder. with Gibbons-White Inc., who helped Droplet Measurement Technolo- broker the deal. gies signed a lease for 30,000 square Animal Arts has designed more feet at 2545 Central Ave., doubling its than 600 veterinary hospitals, animal space from its former location at 5710 shelters and pet resorts ranging in Flatiron Parkway. size from 900 square feet to 85,000 “By doubling our space, DMT can square feet in 40 states, Japan, Aus- accommodate the development of our tralia and Canada. new products, Chief Executive Offi- Locally, Animal Arts helped cer John Lovett said in a press release. design the Boulder Humane Soci- “We’ve hired additional employees ety, Denver Dumb Friends League over the past year to meet customer and the renovation and expansion demand.” of the Longmont Humane Society, The company recently received along with numerous local veteri- nearly $1.2 million in contracts via nary clinics. the American Recovery and Reinvest- ment Act of 2009, according to public NONPROFIT PURCHASE: A records. 26A 26A | Feb. 19 - March 4, 2010 Boulder County Business Report | www.bcbr.com opinion EDITORIAL Are signs of life in local economy the real thing? oulder Valley business leaders are a lot like NASA scientists looking for signs of life on Mars: They’re eagerly await- Bing any sign that economic recovery is under way, no matter how micro- scopic those signs might be. Sometimes, it’s more of a feeling than actual evidence. At a recent CEO Roundtable conducted by the Boulder County Business Report, Holland & Hart LLP attorney Marc Painter described an exercise whereby he put to the test some of his attor- neys’ assertions that business was picking up. He found that, with a few exceptions, there was little statistical evidence to support the assertion. Still, even a “feeling” that a rebound is under way can become a self-fulfill- Time to embrace electronic gadgets ing prophecy. Just as consumer confi- dence matters enormously in terms of overall economic output, so, too, does Digital divide at my house wider than a Wi-Fi zone confidence displayed by business lead- ers. Are they comfortable enough to t was OK when my golf buddies older generation beat when it comes to She can hardly wait to download increase inventories? Are they ready began transitioning from walking embracing digital technology. Or so I movies and TV series from Netf- to make capital purchases? Are they to riding in a cart. Bad knees, I thought. Take my wife, for example. lix once they become available this prepared — gasp — for hiring? thought. Now I’m thinking it’s While Jane is merely two years spring through the Wii and Wi-Fi. Ithe GPS system that gives you a digi- We hear a lot more optimism these younger than me, she’s got some mad I’m content watching old shows on days, the most since the economy began tal readout of the exact distance to text and tweet skills. I think she American Movie Classics and TNT. to tumble in 2008. It’s not quite confi- the green. joined the e-revolution just so she has She buys, downloads and then dence, but we believe that consumers I could tolerate being the social a leg to stand on when she tells me to reads books on her Kindle, pomp- and business leaders will become more media outcast of the office. Although quit being an old curmudgeon. ously pointing out the push-button optimistic as the year progresses. Wit- surrounded by co-workers with smart She files our page-turning capability. The mail- ness these key indicators: phones, laptops and MP3 players, I taxes online, man brings me my Golf Digest, and I • Boulder last year posted a modest was comfortable not having a Face- banks online, manually turn the pages. 0.72 percent increase in sales and use book page or being LinkedIn. orders and pays She created a Facebook page where taxes collected, reaching $85.2 mil- I was fine when my young reporters for our milk with each passing day more and more lion, compared with $84.6 million began getting more excited about the online. I still old high school friends find her. I still the previous year. navigational features of our Web site carry cash and a thumb through my musty yearbook • Unemployment remains rela- and the daily tweeting of news than our checkbook. and threaten to call an old friend tively low in the Boulder Valley, just print edition. It’s obvious that’s where She has the using my large cell phone. 5.8 percent in Boulder County, com- we’re headed, but all the while I was OBSERVATIONS latest cell phone An epiphany washes over me as pared with 7.5 percent statewide and thinking, “My retirement will occur Doug Storum to keep tabs on I watch these words pop up on my 9.7 percent nationally. before print editions go the way of the our 10-month- old monitor that’s connected to a • Some key employers are hiring, dodo bird.” Now, I’m not so sure. old grandson, computer by wires that is receiving including IBM Corp., which is adding It became more obvious the other aka, Diaper Butt, receiving daily vid- power through a cord plugged into 500 jobs, and other high-tech play- night at the Business Report’s inaugu- eos, photos and texts about his bath- the wall. I will not be a dodo, rest- ers such as Dot Hill Systems Corp., ral Forty Under 40 event celebrating ing, crawling, walking and eating ing in peace having never embraced which is beefing up its Longmont the young, bright, future leaders of the adventures. I have a large cell phone digital gadgets. I’m signing off and headquarters operation. Boulder Valley. Equipped with earpiec- that I talk on. heading to the Apple store. Or maybe Even these indicators can be es, hands were free to text, tweet and She owns an iTouch, buys apps for I’ll let Jane find the best gadget deals deceiving, however. Boulder’s sales- toast each other from one side of the it, downloads music and games, checks online and have her buy them for me and use-tax growth, for example, is room to the other. I began feeling self- her e-mail on it and loves to glide her using a PayPal account. largely attributed to one-time boosts conscious. I was having to walk across fingers over the screen to make it small, such as the “cash-for-clunkers” pro- the floor to offer my congratulations. then big, then small again. When I Doug Storum can be reached at 303-440- gram that drove automobile sales. The younger generation has the touch it, the screen goes black. 4950 or e-mail [email protected]. Neighboring Longmont’s tax revenue was down 7.4 percent in 2009. The PUBLISHER CARTOONIST CIRCULATION MANAGER area’s unemployment rate, though Christopher Wood ...... [email protected] Ron Ruelle Rhonda Doyle ...... [email protected] far better than the state and nation, EDITOR SALES MANAGER CONTRIBUTING WRITERS is up sharply from 5.1 percent a year Doug Storum ...... [email protected] Kevin Loewen ...... [email protected] Laurie Budgar, Elizabeth Gold, Lyla D. Hamilton, Jules Marie, Jeff Thomas ago, and the employment market STAFF WRITERS SENIOR ACCOUNT EXECUTIVE remains weak. David Clucas ...... [email protected] Kim Oremus ...... [email protected] CONTRIBUTING PHOTOGRAPHERS VOLUME 29, ISSUE 5 Ryan Dionne ...... [email protected] Jonathan Castner, Michael Myers, Peter And those jobs added by select BOULDER COUNTY BUSINESS REPORT ACCOUNT EXECUTIVES Wayne employers have been matched by 3180 Sterling Circle, Suite 201, RESEARCH DIRECTOR Marlena Rich...... [email protected] Boulder, Colo. 80301-2338, is Beth Edwards ...... [email protected] Louise March ...... [email protected] To advertise or subscribe: 303-440-4950 cutbacks at large and small employ- published biweekly by Boulder Fax: 303-440-8954 PRODUCTION MANAGER ers alike. Business Information Inc., a Colorado EVENTS MANAGER Online edition: www.BCBR.com Dave Thompson [email protected] corporation, in Boulder, Colo. Emily Trayers ...... [email protected] The entire contents of this newspaper are copyrighted by But as we set foot gingerly onto the Boulder Business Information Inc. with all rights reserved. alien planet of 2010, we’ll take any ART DIRECTOR CONTROLLER Reproduction or use, without permission, of editorial or Brittany Rauch ...... [email protected] Cindy Nosko ...... [email protected] signs of life we can get. graphic content in any manner is prohibited. 27A Boulder County Business Report | www.bcbr.com Feb. 19 - March 4, 2009 | 27A calendar nonprofit network FEBRUARY in Denver. To register, call 303-592-4083 or visit www. FUNDRAISERS The DaVinci Institute presents an Affiliate corecolorado.org/eventcalendar. Arugula Bar e Ristorante chef/proprietor Alec GOOD DEEDS 20 Marketing 101 Boot Camp from 8 a.m. to Schuler will holding a fundraiser for Slow Food Through the end of February, Happy Tails Books noon at the Wolf Law Building, 2450 Kittredge Loop The DaVinci Institute presents the Intuitive Intel- Boulder at 6:30 p.m., Tuesday, March 2, in the in Boulder, publisher of books about rescued dogs, Road in Boulder. Admission is $119 for nonmembers 6 ligence Boot Camp from 8:30 a.m. to 12:30 p.m. restaurant at 2785 Iris Ave. in Boulder. Cost is will donate $2.50 from each book sale (e-book or and $79 for members. For more information, contact at the Wolf Law Building, 2450 Kittredge Loop Road $55 per person for Slow Food members and paperback) and 100 percent of donations made for 303-666-4133 or [email protected] or visit in Boulder. Admission is $119 for nonmembers and $65 for nonmembers. All proceeds go to support the Mill Dog Manifesto e-book to the Animal Relief www.davinciinstitute.com and click on events. $79 for members. For more information, contact 303- Slow Food programs. Prepayment is required. To Coalition for Haiti. Books can be purchased at 666-4133 or [email protected] or visit www. make a reservation and pay, R.S.V.P. Pam Stewart, http://happytailsbooks.com/. Free help in preparing the college financial aid davinciinstitute.com and click on events. [email protected]. Seats are confirmed 21 application will be available from 2 to 4 p.m. at upon receipt of a check made out to Slow Food The Pilates Center in Boulder raised more than Front Range Community College. In addition to free Rocky Mountain Center for Musical Arts presents its Boulder; mail check to Mary Johnson, 787 Meadow $1,500 for the HeathLinks Foundation in Boulder help with the form, a $1,000 scholarship will be given annual gala benefit and silent auction Crescendo! Glen Drive, Boulder, CO 80303. Deadline is Feb.25. through the Pilates for Fun and Fundraising benefit away. For more information, visit www.collegegoal- from 6 to 11 p.m. at the Renaissance Suites Hotel at Slow Food Boulder is a chapter of Slow Food held in February. More than 64 people participated colorado.org or www.frontrange.edu. Flatiron, 500 Flatiron Blvd. in Broomfield. Admission is U.S.A., which promotes the idea that the enjoy- in the event, which offered two class levels of $80. For more information, call 303-665-0599, e-mail ment of wholesome food is essential to the pursuit Pilates. The Colorado Photonics Industry Association [email protected] or visit www.rmcma.org. of happiness. 22 quarterly meeting will be held from 3 to 7 p.m. GRANTS at mBio Diagnostics, 3122 Sterling Circle in Boulder. The YWCA of Boulder County will host its The ABCDEFGHaiti Fundraiser will be held from The Tiny Tim Center in Longmont received a A presentation and tour of mBio Diagnostics will be 13 18th Annual Hall of Fame Awards Dinner from 7 p.m. to midnight, Friday, Feb. 19, at the Boulder $20,000 grant from the Amgen Foundation to sup- included. Admission is $10 for nonmembers and free 6 to 10 p.m. at the Omni Interlocken Resort in Broom- Elks Lodge, 3975 28th St. in Boulder. Admission port the nonprofit’s therapeutic services program, for members. For more information, contact Karen Eye field. Tickets are $125. For more information or tickets, is $25, and all proceeds go to the American Red which gives children and their families access to at 303-834-1022 or [email protected]. call 303-443-0419 or visit www.ywcaboulder.org. Cross Haiti Relief and Development Fund. For affordable, early childhood education and therapies. The event honors locals who have made significant more information, contact Rakesh Ganeriwala at The center also received a $25,000 grant from the Boulder Digital Arts presents Storytelling with Pho- contributions in strengthening our community. The 804-305-5908 or [email protected] or visit Rose Community Foundation to support staff tography from 6 to 9 p.m. at the Boulder Digital Arts Hall of Fame features a seated dinner, a silent auc- www.facebook.com/home.php?#/event.php?eid= development and improve the quality of the center’s studio, 2510 47th St. Suite 202 in Boulder. Learn how tion and video awards presentation. The 2010 Hall of 276365537450&index=1. playground. social media sites like Wikipedia, Facebook and Twit- Fame Award honorees include: Woman of the Year ter are critical components of search-engine optimi- – Cindy Lindsay, co-founder of BoldeReach; Man The annual Curves Food Drive will take place March Boulder Housing Partners has been awarded a zation and Web-marketing campaigns. Admission is of the Year – Christopher Hazlitt, partner, Faegre & 1-21. Curves locations will collect nonperishable $2,000 grant by the Elevations Credit Union Com- $50 for members and $70 for nonmembers. For more Benson; Champion of Diversity – Laura De Castro, food items and monetary donations for food banks munity Relations Committee to encourage lan- information, call 720-331-5940 or visit www.boulder- literacy coach, Boulder Valley School District; Spirits in the area. Members who donate a bag of groceries guage education and financial literacy with Boulder digitalarts.com/training/details.asp?offering=201. of the Community – Robin & Kevin Luff; Organization or make a minimum donation of $30 during March Housing Partners’ residents. Funds will be used to of the Year – Intrado Inc. Event proceeds benefit will receive a free reusable Curves grocery freezer purchase English as a Second Language textbooks MARCH YWCA programs. bag. Nonmembers who donate March 8-20 can join for English classes conducted in partnership with Curves for free. Curves has locations in Erie, Broom- Intercambio de Communidades at Boulder Housing Wells Fargo Home Mortgage and Keller Williams Wells Fargo Home Mortgage and Keller Wil- field, Lafayette, Firestone, Boulder and Lafayette. Partner’s public housing family sites. 2 1st Realty are offering a homebuyer education 16 liams 1st Realty are offering a homebuyer seminar from 7 to 8 p.m. at the Keller Williams office, education seminar from 7 to 8 p.m. at the Keller Wil- 606 Mountain View in Longmont. Attendance is liams office, 606 Mountain View in Longmont. Atten- limited to the first 20 people. To register or for more dance is limited to the first 20 people. To register or for information, call Mark Powell at 303-931-7888 or Ruth more information, call Mark Powell at 303-931-7888 product update McMillen at 720-935-2469. or Ruth McMillen at 720-935-2469. Boulder-based CaraSolva Inc. released Med- cups made from 50 percent recycled PET bottles. Support 2.0, a Web-based software that auto- Fort Collins-based New Belgium Brewery will be Connected Organizations for a Respon- Wells Fargo Home Mortgage and Keller Wil- mates and simplifies scheduling and administer- the first to use the cups. 2-4 sible Economy along with Denver’s Office 30 liams 1st Realty are offering a homebuyer ing medication in long-term nursing facilities, of Economic Development and the Deming Center education seminar from 7 to 8 p.m. at the Keller Wil- hospices, host homes and group homes. Boulder-based Thanasi Foods LLC launched for Entrepreneurship at the Leeds School of Busi- liams office, 606 Mountain View in Longmont. Atten- Jim Beam Bourbon Glaze Steak Strips. The meat ness at CU Boulder are co-hosting the Sustainable dance is limited to the first 20 people. To register or for Boulder-based Eco-Products Inc. has started snack is available in retail stores. Opportunities Summit & Expo from 7 a.m. to 4:30 more information, call Mark Powell at 303-931-7888 carrying 9-, 12-, 16-, 20-, and 24-ounce plastic p.m. at the Colorado Convention Center, 700 14th St. or Ruth McMillen at 720-935-2469. Colorado's RELOCATION EXPERTS ® ...one call to Housing Helpers for all your relocation needs! Real Estate From corporate relocations, to seasoned investors and first time home buyers, our Realtors are dedicated to making every real estate transaction a success. With years of experience and local market knowledge our team will produce great results for all of your real estate needs. Free Rental Locating Service Our rental experts will provide a free customized search for your new home from the largest database of houses, apartments, and condos for rent. With free area tours and property showings, our rental locating service makes finding your new home FAST and EASY! Corporate Housing, Temporary to Extended Stays Whether your company is in need of temporary housing for employees, or you’re booking your own accommodations, we offer high quality fully furnished apartments, condos, and house rentals equipped with all the comforts of home. With flexible terms and superior customer service, you can relax and live more comfortably while saving money over hotels. Relocation Services Every relocation is unique and requires a personal touch, we'll customize our services to meet your needs. Area Tours, School Research, Relocation Packets, Welcome Orientation, Settling-In Services, for domestic or international transferee's, you can count on us for a smooth transition to the area. 2865 Baseline Rd, Boulder, CO www.housinghelpers.com John Iannone, Director Corporate Relocation (303)545-6000 ext 134 28A THE LEADER IN BOULDER VALLEY REAL ESTATE *iÌi Li ,V >À` ViÀ> i -ÌiÛi ÌiÀ>ÌÌ iÞ ÌÌiÀ`} >i >ÀÜi À> >ÀÀiÌÌ * Ài iÀ Ü> >À À} > ÀÞ>Ì >Vii >`À> Àà >ÀÌiÀ Þ V >ÀÌ Þ iÀÀiÌ> -ÌiÛi >ÀÌiÀ / i /iÀÀ Ý *>Õ >ÀÌ *>ÌÀV > Õ>i Õ}}> ,Ì> >}iÌÌ LiÀÞ ià >Ûi à >à Ìâ}iÀ>` >ÀÀÞE â Ài`>`iÀ ,V ÀLL i ÀiiÜ` ÀV À ÀÌÕÃV iÉ > Õi /`` ÕiÌÌi -ÕÃ> >ÀÌ -ÕÃ> >ÀÛiÞ À> iÜ} 7iÃiÞ Là >Ûi Õvv> >ÀÞÕvv> i >Là ÀV >VLà /iÀÀ à / >à / i fn]äää Ì>Ý VÀi`Ì vÀ £ÃÌ Ìi iLÕÞiÀÃ Ü Li VÌÕi`° Óä£ä , - 7-t fÈxää Ì>Ý VÀi`Ì vÀ ÛiÕ« À Ûi`Ü LÕÞiÀà >à Lii >``i`° / Li i}Li >LÕÞiÀ ÕÃÌ Li Õ`iÀ VÌÀ>VÌ LÞ «À Îä] Óä£ä >` VÃi` LÞ Õi Îä] Óä£ä° Þ iÌ >Ì ÀÞ iiÀ " / / , É 8 " "1 , , /",Á /" 9t / i vviÀiVi à i>À ÜÜÜ° Õ`iÀ "°V ià Õi ÜÜÜ° Õ`iÀà iÃÌ°V -Ì> >â> >iÌ i>« L Õ À i` >VÀÌ ÕÀ >ÀÀÞ >VÀÌ ÕÀ iÌ >`à i >iV iÃi >Ã>> -Õi >ÃÌiÀà >iÌÌi V > >ÀÀ V Ài }i> V ÀV ,ÕÃÌÞ V Þ V Ûii Õi i -VÌÌ Õ ÀÀiÃÌ Li ivv *>iÀ >i *i>Àà -ÕÃ> *>}i 6iÀV> *ÀiVi> i ,iLV *>Õ ,>V ÀÌ ,>`iÀ >Ì ii ,ÕLiÃÌi Þ ,Þ> >` -Ì "}i ,LiÀÌ -V `Ì -V ÛiÀ Àii - >vviÀ > -``> >ÀL -*À>ÌiÀ -à >ÀÞ -Ì -ÌiÛi -ÌiÜ>À` -ÌiÛi -Ìi> À> -Õ`LiÀ} ,V /ÀiÛ *iÌiÀ /ÀÃÌ Ã> 7>`i Þ`> 7>ÃÕ -ÕÃ> 7iià ° ° 7à >À <i}i >}i -ÞL <Õ` www.BoulderCO.com 1A1A 1A Advertising Supplement Sponsored by LONGMONT BUSINESS JONATHAN CASTNER Tim Barth, airport manager at Vance Brand Airport in Longmont, said the airport will update its master plan this year. Longmont readies infrastructure projects Improvements could include 18 months. ‘smart-grid’ metering, Wi-Fi, This year, Vance Brand Airport is MILE-HI HAS LEASED along with rail-served biz park also slated to update its master plan, a 200,000-square-foot parcel from the airport – which, when which will determine the amount of By Keely Brown money given by the federal government developed, will accommodate vehicle and airplane parking, for maintenance and improvements. Plans are under way for a myriad At present, the airport is operating on as well as a 50,000-square-foot hangar and two additional of improvements and developments a master plan adopted in 2002. Once the hangars, one that will serve as a classroom and another that to Longmont’s infrastructure over the airport is given its federal grant to com- next several years, ranging from the plete this master plan, Barth said, sta will serve as a maintenance facility for aircraft. A separate implementation of “smart grid” metering members will have the rest of the year to devices and Wi-Fi installations, to new determine the probable capital needs of building for use as a restaurant is also in the works. airport developments and a rail-served the airport for the next ve to 15 years. business park. “Every airport that accepts federal The Mile-Hi Skydiving Center at money is required by law to have an repairing paved areas, or determining president John Cody said that city sta Longmont’s Vance Brand Municipal airport master plan that is somewhat whether a new taxiway is necessary. members are looking for a private devel- Airport has the green light to pursue current,“ Barth said. “Because we get “We need this time to gaze into our oper interested in the project. As of this its plans to move into a proposed new federal and state money in the form of crystal ball and come up with the long- writing, the LAEC is working to secure terminal. Mile-Hi has leased a 200,000- grants for capital development and/or term needs of this airport,” Barth said. formal approval for the project from square-foot parcel from the airport — maintenance, the only way they can be Airport sta members hope to have the Longmont City Council. e next which, when developed, will accommo- funded is if they are contained in our their needs-assessment study and bud- steps will involve annexation and zone date vehicle and airplane parking, as well airport master plan.” geting nished by the end of the year. changes. as a 50,000-square-foot hangar and two Budgeting for any type of contingency A er this budget is approved on a city e proposed 165-acre parcel is locat- additional hangars, one that will serve as spending also has to be included in the sta level, both the Longmont City Coun- ed north of Colo. Highway 66 and east of a classroom and another that will serve master plan, Barth said. cil and the Federal Aviation Administra- the Walmart Superstore. Proposed devel- as a maintenance facility for aircra . A “If a runway is damaged by ood or tion have to approve it as well, in what is opments would include manufacturing separate building for use as a restaurant earthquake — or even by normal wear typically a year-long process. and warehouse distribution facilities, is also in the works. and tear — we have to include budgeting Elsewhere in Longmont, plans are Cody said. e entire development should cost $5 for that in the master plan,” he said. being proposed for the development of a “Rail service already runs through million to complete. Sta members will have the rest of the new business park that would be served the property, so this would be devel- Tim Barth, airport manager, said year to determine foreseeable needs for by the city’s existing rail services. oping a park around the rail line that construction should be completed within the airport, such as replacing asphalt and Longmont Area Economic Council ➤ See Infrastructure, 2C 2A 2A2A 2C | Feb. 19 - March 4, 2010 ADVERTISING SUPPLEMENT Boulder County Business Report | www.bcbr.com INFRASTRUCTURE from 1C already exists,” Cody said. “ ere might be “spur lines” to come out to serve the proprietors on either side, but the main line would be una ected.” e LAEC hopes that the city of Long- mont will help with the preliminary work on annexation and rezoning, in a collaboration that would shorten the time frame, once the LAEC is able to identify an interested developer for the project, Cody said. ere are potential improvements to report from Longmont’s utility services as well. is year, Longmont received a Department of Energy matching grant of $85,000 to begin work on an advanced metering infrastructure project this year. Bill Ewer, customer services and mar- keting manager for Longmont Power and Communications, said the city will use the grant to add several automation devices and components to its electric distribution system and substations. ese automated communication devices will help monitor and control the system more e ciently, Ewer said. e advanced metering pilot program involves implementing “smart grid” infrastructure meters into residence and business areas, and evaluating the per- formance of those meters. e hope is that the meters will convey more infor- mation to the end-use customer. “Users will receive more real-time information as to how and when to use JONATHAN CASTNER electricity, than they get now from a stan- Matt Sheppers, senior electrical engineer, left, and Bill Ewers, marketing manager, in the System Control Room that monitors the Longmont ➤ See Infrastructure, 3C power grid. Longmont is pursuing implementation of “smart-grid” metering. 3A3A 3A Boulder County Business Report | www.bcbr.com ADVERTISING SUPPLEMENT Feb. 19 - March 4, 2009 | 3C INFRASTRUCTURE from 2C 6DYHZLWK1RUEHO ,VLWWLPHWRFKDQJH\RXUVWULSHV" dard meter,“ Ewer said. “ ey’ll be able to see, on a daily and hourly basis, how 2SHQDQ much energy they’re using, and when With help from the they’re using it. And with this kind of DFFRXQWWRGD\ information, people will be able to man- Jared Polis Foundation and ZZZQRUEHORUJ age their energy use better.” e pilot program should begin by RidgeviewTel Longmont, this fall, Ewer said. we’re revamping older sys- In the meantime, a several-million- &RQYHQLHQFHMXVWJRWEHWWHU dollar investment made by Longmont tems through open-source nearly four years ago is continuing to 0RELOHEDQNLQJLVQRZDYDLODEOH reap bene ts for the city’s ber infra- software and putting Inter- structure. In 2006, 650 Wi-Fi antennas net access into low-income were installed at 500-foot intervals on light poles throughout the city. This households.” $IULHQGRIWKHIDPLO\VLQFH implementation, said Jim Wall, Long- ZZZQRUEHORUJ mont’s chief information o cer, has cre- Jim Wall, ated a ring of ber all around the city. CHIEF INFORMATION OFFICER, “ is has given us the capability of hav- CITY OF LONGMONT ing hot spots all over the city,” he said. Wall said this also gave the city a huge ability to bridge gaps in the service, so that emergency services workers could have access without non-service ® cold spots. “With help from the Jared Polis Foun- Rocky Mountain, REALTORS “We’re using the same ber that was dation and RidgeviewTel Longmont, put in the ground 10 years ago, and we’re revamping older systems through NUMBER ONE OFFICE FOR LONGMONT today, with so ware upgrades, it has so open-source so ware and putting Inter- AREA COMMERCIAL REAL ESTATE NEEDS more capabilities for speed and data,” net access into low-income households,” he said. Wall said. This ring of connectivity is now “We’re trying to make sure there’s full Local representation for commercial sales being used for the city’s latest project, coverage everywhere for everyone,“ he and leasing providing quick response time the Digital Divide Program, which is added. “It’s good for economic develop- designed to provide Internet service ment — and it makes Longmont a more to service and show your properties. and accessibility to low-income and attractive place to live and work — if we subsidized housing areas. can close the digital divide.” MARCH 2010 COLON CANCER Keith Bayne Don Mike Kanemoto Gibson, CCIM Rulle, CCIM AWARENESS MONTH McDonough Now is the time to learn what you can do to help protect yourself and your Jim Ken Ed John Brough Kanemoto, CCIM Kanemoto, CCIM Marlin loved ones from this We are growing! unnecessary disease. Welcome to the Grant Team Steps You Can Take Today to Prevent & Detect Colon Cancer presented by Bruce Grossman, M.D., FACP, FACG Board Certified Gastroenterologist Thursday, March 4 • 7:00 – 8:30 p.m Jerry Schlagel Aaron Grant Becky Lyall FREE FIT TEST Longmont Clinic • West Building FOR EVERY ATTENDEE This seminar is FREE and open to everyone. Colorectal cancer is one of the most The latest screening techniques will be and common, and yet preventable, cancers discussed, including the easy, new take- in the United States. If you are age 50 or home FIT test, which offers no dietary or Jan Cernuda older, or have other risk factors, join us medicinal restrictions, is a one-time sample and learn the simple steps you can take and is the preferred cancer detection test by toward prevention and early detection. the American College of Gastroenterologists. &OR MORE INFO OR TO REGISTER CALL 275 S. Main St., Suite 100, Longmont, CO 80501 OR VISIT WWWLONGMONTCLINICCOM 303-772-2222 •www.prudentialrockymountain.com 7EST -OUNTAIN 6IEW !VENUE s ,ONGMONT #OLORADO 4A 4C | Feb. 19 - March 4, 2010 ADVERTISING SUPPLEMENT Boulder County Business Report | www.bcbr.com Dot Hill moves forward on HQ relocation Engineering talent a key factor in firm’s Longmont vacancy rate holding steady By Keely Brown said. “We’re happy to see that a lot of our from $3.75 to $11 per square foot, with Longmont expansion primary employers were still growing the median at $6.80. Industrial land By Keely Brown As of the fourth quarter of 2009, and occupying space in 2009.” costs range from $2 to $9 per square the Longmont Area Economic Council At the beginning of 2009, primary foot, with the median at $4.50. With the entrance of Dot Hill Sys- (LAEC) reports that Longmont’s o ce employers occupied 7,268,152 square While it’s too early in the year for tems Corp. on the scene, Longmont has and industrial real estate vacancy rate feet. According to the latest gures, pri- any projections, the interest shown in another addition to its impressive roster is 14.8 percent. This compares to a mary employers now occupy 7,338,464 the area by new companies — and the of world-class data-storage companies vacancy rate of 14.2 percent for the square feet of space. relocating to Longmont by primary A recognized leader in the storage same period in 2008. At the present time, there is approx- employers such as Dot Hill and sev- industry, Dot Hill offers flexible data- According to LAEC vice president imately 1,278,511 square feet of o ce eral smaller companies — all reect storage solutions and so ware, as well as Wendi Nafziger, the numbers are good industrial space available for immedi- the potential for continued positive responsive service and support, to original news indeed. ate occupancy on the market. growth, Nafziger said. equipment manufacturers, open storage “ e slight increase of 0.6 percent The LAEC reports that current “Although things are slow everywhere partners and system integrators. Dot Hill’s reflects a positive for the Longmont lease/purchase costs for office/flex right now, we’re con dent, because we’re storage so ware and hardware products are commercial real estate market — espe- space range from $5 to $18 per square still seeing leases happen — as well as used worldwide by service and equipment cially in this economy when we’re seeing foot, with the median at $11.50. Prices prospective interest from companies providers, common carriers, advanced a lot of downturn and vacancies,” she for industrial/warehouse space range looking at the area,” she added. technology and telecommunications com- panies and government agencies. e move to Longmont rst became having more and more employees work- expansion will play a major part in the Originally founded under another a consideration when Dot Hill acquired ing in Longmont.” company’s continued growth. In recent name in 1984, the company through a Longmont based Chaparral Network In addition, there were many other weeks, the company has added 18 employ- process of mergers grew into its present Storage. With the acquisition, Dot Hill deciding factors, Jamal said, which con- ees, with projected openings for another incarnation and became known as Dot also assumed the company’s 45 employ- vinced company executives that Long- 20 positions in the coming months. Hill in 1999. ees. Over a period of time, the number mont would prove a bene cial location. Dot Hill’s employee growth is due not Dot Hill chief nancial o cer Hanif grew so that by 2007 there were 115 Dot “ is area is very rich in storage talent only to the move from California, but Jamal said the decision to move the com- Hill employees working in Longmont. and technology, and there’s such a rich also due to the company’s recent acquisi- pany headquarters to Longmont was Currently, Dot Hill has 186 employees in pool of engineering and development tion of Cloverleaf, a prominent New York made at the beginning of 2009. its Longmont location. talent here,“ he said. “And it helped to so ware-storage company. “We had considered doing it earlier, “When we bought Chaparral, we know that we’ve got the entire university Economic considerations played a but when the economy took a nosedive in bought it not only for the company, but network here, with strong engineering part in the move to Longmont as well, the second half of 2008, we postponed it also for the people“ Jamal said. “The programs that can grow and expand our Jamal said. for a short while and restarted the initia- engineering team blossomed around the employee pool.” “ ere are a lot of cost reasons for our tive in mid-2009,” Jamal said. old Chaparral team, and soon we were Dot Hill executives hope that employee ➤ See Relocation, 7C MORE VALUE • Lower lease rates than in Boulder • One of the lowest operating expenses in Boulder County for similar property • Lower electrical costs than the state average • Significantly lower electrical costs than the national average YOU JUST GET MORE HERE . . . call for leasing opportunities This 37-building, highly-landscaped business park caters to office/flex/R&D users, and is located in an amenity-rich area near the intersection of S. Hover St. and the Owned and Managed by Longmont Diagonal/Highway 119 in Longmont, Colorado. 303.892.1111 Scott Garel • Joe Heath • Don Misner 303.449.1420 Becky Gamble • Hunter Barto • Dryden Dunsmore 5A5A 5A Boulder County Business Report | www.bcbr.com ADVERTISING SUPPLEMENT Feb. 19 - March 4, 2009 | 5C High-tech clusters lure Farragut, Distant Focus By Keely Brown GIS, photonics strength feeds companies’ growth as a venue for exploring the com- mercialization of ideas developed by Two of the latest additions to Long- tions use the addressing capabilities The system also works for city Brady and his research staff. In 2001, mont’s tech community are Farragut of the AddressOne product. planning and development. Farragut’s under the leadership of entrepreneur Systems Inc., a GIS company, and Dis- Anderson, who formerly served as software can track and log new data Rick Morrison and his business part- tant Focus Corp., a photonics products IT director for the city and county for a street — even in its preliminary ner, Ron Stack, Distant Focus became company. While already established as of Broomfield, said that the lack of planning stages — and enter it in the fully operational as a research and leaders in their respective fields, both an accurate address system could city map. development company. are hoping that those fields will prove cause untold chaos and even danger. The AddressOne system is already Today, Distant Focus provides a to be even greener in Longmont. For instance, in cases of emergency in use in several cities across the unique service by collaborating with In the graphic information system response, it’s absolutely crucial for nation, including Charlotte, N.C., other companies to develop and create (GIS) industry, Farragut Systems has firefighters, police and paramedics to where more than a million people prototype imaging systems and cam- become increasingly used by govern- get to a call on time, Anderson said. are served by the address-logging and era platforms. Distant Focus works ment agencies across the country. Last “There‘s often a disconnect mapping software. closely with its clients to develop and December, the company moved from because of the lack of a streamlined Anderson said the affordability of transition their technologies from its Lafayette headquarters to a 2,500- system,” he said. “If you don’t have a rental space, as well as the accessibil- a research stage to what is called a square-foot location at Industrial Circle street address in the system, it can be ity of high-speed Internet — invalu- “proof-of-principle” — or demonstra- next to Twin Peaks Mall in Longmont. disastrous when you’re trying to send able to the company’s remote sup- tional study — stage. The company Founded in 1994 by Mike Wier- people to the right place.” port team — were deciding factors in develops these prototypes in small zbinski and Bill Campbell, the com- Fiscal disasters are common as well, the move to Longmont. In addition, numbers; only 200 or fewer proto- pany now focuses on the marketing Anderson said. Commercial and resi- another deciding factor was the area’s types of each product are made. of its primary product, AddressOne, dential tax records can be misplaced or pool of technical talent. Within the last couple of years, which was created to facilitate the not even be logged, leading to millions “We hope to be able to hire more Distant Focus has moved into product management and creation of address- of dollars of lost revenue. Everything people, as we have ambitious plans to development and commercialization, ing data from throughout a given from voter registration records to build- expand,” Anderson said. “That’s the and now sells some of its components jurisdiction. ing permits and land-value assessments idea of being a product-based com- to customers. Nonetheless, the com- Company president Greg Ander- can be lost forever if a reliable address- pany — once you build it, you can sell pany still continues to be primarily son said Farragut uses foundation ing and mapping system isn’t in place. it a million times.” service-oriented. software from the Environmental Enter AddressOne, a system cre- For photonics company Distant By doing their homework, Morrison Research Institute, creating applica- ated by Farragut that can create an Focus, the move to Longmont was a and his colleagues found that Longmont tions that run on top of this software. address and a permanent record for logical one, given Longmont’s estab- would provide a lot of resources for tal- Farragut has a similar partnership any type of property or building with- lished photonics industry. ent — an important aspect for a rapidly with Microsoft Gold. in a given jurisdiction. If a property Founded in 1997 by David J. Brady, growing company to consider. The majority of the company’s can be given a physical address, it can a leading research professor at the Uni- Morrison said that 75 percent of projects are city, county or state gov- be logged, addressed and mapped by versity of Illinois at Urbana-Cham- the company’s contracts are gov- ernment contracts, where jurisdic- AddressOne. paign, Distant Focus was conceived ➤ See Clusters, 7C Erase years from your skin. No surgery required. -WebMD “The #1 anti-aging breakthrough ofTop the 6 Anti-Aging decade.” Breakthroughs Working to enhance Visit our our environment web site Proven safe and effective, Longmont Power & the state-of-the-art Matrix or call us fractional laser eliminates Communications offers wrinkles, sun damage to learn resources to help Longmont and skin discolorations, how you can softens acne and residents and businesses traumatic scars, and join the effort become more energy efficient, tightens the skin of your face, neck, chest and hands. to achieve save money and improve the Now available at the offi ce quality of our environment. of Dr. Peter Schmid. a sustainable community Contact LPC to learn about If you want to look and feel younger without surgery or renewable energy, discounted a long downtime, call compact fluorescent lights, Dr. Schmid today. Dr. Peter Schmid voted Best of the (303) 651-6846 West by Yellow Scene magazine. appliance rebates and Platinum Botox Cosmetic Provider. National Education Faculy, Allergan Pharmaceuticals. low-cost energy audits. Distinguished Service Award 2006-09, AOCOOHNS. enewable energy • LightenUP efficiency rebates audits r 303.651.8386 Private surgery center Institute of Aesthetic Plastic & Reconstructive Surgery accredited by the AAAHC. Dr. Peter Schmid, Double Board Certifi ed, Fellowship-Trained www.ci.longmont.co.us/lpc 1305 Sumner Street, Suite 100, Longmont www.IAPRS.com (303) 651-6846 6A 6A6A 6C | Feb. 19 - March 4, 2010 ADVERTISING SUPPLEMENT Boulder County Business Report | www.bcbr.com 7A7A 7A Boulder County Business Report | www.bcbr.com ADVERTISING SUPPLEMENT Feb. 19 - March 4, 2009 | 7C RELOCATION from 4C CLUSTERS from 5C ernment-related, with the majority employees — and also for us,“ he said. “It’s IN RECENT YEARS, cheaper to live here, and our employees coming from the Defense Advanced Research Projects Agency (DARPA), from Carlsbad are nding that the cost of the success of Dot Hill’s There’s a lot more going living here is much more attractive. a branch of the U.S. Department “Plus, the cost of real estate is half of product line has been of Defense. Of the remainder of its on for us here than back in contracts, 15 percent are academic- what it is in Carlsbad,” he added. “Prior reflected in its significant to moving, we had a 57,000-square-foot oriented, while 10 percent of the Central Illinois. We decided company’s contracts are with its facility in Carlsbad and a 57,000-square- revenue growth. In 2007, Dot that we’d rather move to an foot facility in Longmont. We felt that we partners in the photonics industry. could consolidate the whole thing into Hill revenue totaled $207 mil- Although the company was relo- area that we’d like to live cated and operational as of last Octo- one facility here.” lion, while in 2008 company In addition, Jamal said that the busi- ber, the move continues to be a grad- in, instead of waiting until ual one, At present, the company‘s ness incentives offered by Longmont, revenue grew to $273 million. we retired before we could which typically include rebates in busi- employees are divided between its ness property taxes and research and As of this writing, 2,000-square-foot facility in Cham- enjoy it. paign, Ill., and its 400-square-foot development equipment, also proved the company has not yet appealing to the company. temporary facility in Longmont . Rick Morrison “It wouldn’t have swung the decision disclosed revenues for 2009. Within the next two years, Mor- PARTNER, one way or the other, but it is attractive rison plans to lease a 2,500 to 4,000- and something that made the decision a square-foot facility, where the entire DISTANT FOCUS little bit easier,” he said. lion. As of this writing, the company has company will be moved. Morrison Located at 1351 S. Sunset St., the not yet disclosed revenues for 2009. also hopes to recruit several local stable for Distant Focus, with the 57,000-square-foot facility is being used Along with expanding its talent pool, employees within the next year. company averaging an increase of to accommodate the entire range of Dot Dot Hill has plans to expand its product line. Morrison said that the wealth $300,000 to $500,000 per year. Mor- Hill’s operations, from research and devel- Jamal said the company plans to introduce of engineering talent in Longmont rison projects that this year’s revenues opment to marketing, nance, adminis- several new products in both its so ware and would give the company a decided will show an increase of 25 percent to tration, operations and customer support. hardware lines during the coming year. edge. But he admits that Longmont’s 30 percent over last year’s. While Dot Hill will continue to maintain One crucial reason for the company‘s unique lifestyle was also a deciding In spite of the huge growth of its three smaller locations in Carlsbad, success, Jamal said, is due to the compa- factor for him and his team. the photonics industry in Longmont, Minneapolis and overseas in Israel, the ny’s talented pool of engineers. And with “There’s a lot more going on for us Morrison said that this doesn’t neces- company will base more than 60 percent an employee turnover rate of less than 5 here than back in Central Illinois,” he sarily mean more competition for of its activities at the Longmont location. percent a year, Dot Hill is justi ably proud said. “We decided that we’d rather the company — particularly because In recent years, the success of Dot of its high level of employee retention. move to an area that we’d like to live of the niche that Distant Focus fills Hill’s product line has been re ected in its “It’s hard to get people to leave us,“ in, instead of waiting until we retired in providing its unique prototype signi cant revenue growth. In 2007, Dot Jamal said. “They like working here, before we could enjoy it.” services. Hill revenue totaled $207 million, while in because at Dot Hill, they’re always work- According to Morrison, revenues “We’ll find more collaborators than 2008 company revenue grew to $273 mil- ing on exciting new technology.” over the last several years have been competitors here,” he said. Longmont Area Economic Council • Finding Affordable Space in Longmont • Ensuring Your Timelines are Met • Exploring Incentives in Longmont • Maintaining the Kind of Business Environment You Want • Engaging on Your Behalf with City Government • Making the Process Painless 9OUR /NE 3TOP 3OURCE FOR'ROWING THE ,ONGMONT %CONOMY 528 Main St. • Longmont, CO 80501 • 303-651-0128 www.longmont.org 8A 8A8A 8C | Feb. 19 - March 4, 2010 ADVERTISING SUPPLEMENT Boulder County Business Report | www.bcbr.com FISH WHERE THE FISH ARE... GOOD ADVICE FOR FISHING ( AND ADVER TISING ) When you want to find fish, go where the fish are plentiful. The same principle holds true when you want to find business decision makers: go where they are plentiful. That’s where we come in. By providing in-depth, local business news and by forming solid ties with our community, we’ve developed unparalleled reader loyalty among the key business decision makers you want to reach. And, as a member of The Alliance, we can provide access to over 1.2 million business professionals in the U.S., Canada, Mexico, Puerto Rico and Australia. Advertise where business decision makers are plentiful: contact us today. A proud member of THE ALLIANCE 3150 Sterling Circle • Boulder, CO 80301 O F AREA BUSINESS P U BLICA TIONS Contact: 303-440-4950 www.BCBR.com www.alliancebizpubs.com BRIN GING YOUR MESSAGE CLOSE R TO YOUR MARRKKEETT