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May 25 - June 7, 2012 BLUEPRINTS SECTION B CONSTRUCTION | HOME BUILDING | REMODELING DIRECTORY FOR BOULDER AND BROOMFIELD COUNTIES MERCURY 100 BLUEPRINTS MERCURY 100 The wizards at OZ Architecture ...... 2B DirectoryKGA maneuvers industry featuring reset ...... 4B contact Meet the 100 fastest-growing informationDirectory of building industry businesses for.....6B construction companies in Boulder Valley SECTION B SECTION D $1 Volume 31 Issue 12 | May 25 - June 7, 2012 Device makers brace for fed tax BY BETH POTTER other things. [email protected] 2.3% levy could affect research, “With innovation and research and development, the overall BOULDER — Local companies amount of dollars you could put are strategizing about how to cope workforce at area medical firms into investment here would be with a 2.3 percent federal tax on on research and development at its energy-based device division in decreased, so it could impact us medical devices that’s slated to go new $18 million Innovation Center Boulder. here,” Newhart said. into effect in 2013. in Boulder when the tax goes into Covidien workers in Boulder Researchers work on making Covidien Plc anticipates a effect, according to Marta Newhart, manufacture surgical and respira- new medical devices for Covidien decrease in how much it can spend a spokeswoman for the company’s tory monitoring devices, among ➤ See Tax, 7A
City, Xcel TENNIS ANYONE? Rocky Mountain Tennis Center in Louisville on drawing board at odds over utility incentives BY MICHAEL DAVIDSON [email protected]
BOULDER — The chief executive of Xcel Energy Inc.’s Colorado unit and Boulder’s city manager have dif- fering opinions about the company’s request to modify the terms of incen- tive programs for Boulder customers: Is it justified because of the risk that the city will form a municipal utility, or is it an attempt to discriminate? ➤ See Utility, 14A
COURTESY COLORADO TENNIS FACILITIES LLC The Rocky Mountain Tennis Center in Louisville is expected to have 33 tennis courts when its three phases of construc- tion and development are completed. Colorado Tennis Facilities LLC is building the tennis club at 1326 S. 96th St. near Dillon Road in Louisville. See story, 13A. Eves Brautigam
CONTENTS Serving Boulder & Broomfield Counties Real Estate Awards...... 18A For the Record...... 16A Visit bcbr.com for breaking news & Development BCBRdaily...... 2A Medical File...... 9A Steel Ranch in Louisville...... 10A Business Digest...... 18A Nonprofit Network... 19A Calendar...... 18A On the Job...... 19A The Edge CEO Roundtable...... 4A Product Update...... 19A Sales teams’afflictions...... 15A Editorial...... 22A Publisher’s Notebook..22A Eye...... 3A Real Estate...... 20A Green Building Guide Directory...... Section C
Distinctive Homes’ Real estate rebound....Section F 2A 2A
2A | May 25 - June 7, 2012 Boulder County Business Report | www.bcbr.com Seagate hiring engineers at Longmont plant Editor’s note: The following is a wrap- said. Seagate’s Longmont campus is Class of 2009. up of breaking local business stories BCBR Opinion Poll home to one of the company’s two Next Big Sound is moving because Our online question: published daily on the Boulder County U.S. design centers. it needs better access to the music
Who will you vote for in th 100 Business Report’s website. Sign up 10 20 30 40 50 60 70 80 90 Seagate also continues to expand industry, chief executive Alex White 0 presidential election in November? for our free BCBRdaily, an all local a hybrid technology in the industry, said. e-news report sent to your email each which combines traditional magnetic Next Big Sound also needs access to Barack Obama weekday. Just click on “Register for recording data storage drives with software developers with experience 52.9% E-Newsletters” at www.BCBR.com. solid-state data storage drives, Martini in “big data,” White said. Many of the said. In addition, the company recently developers it is hiring have experi- Mitt Romney BY BUSINESS REPORT STAFF bought the hard disk drive business of ence in the financial industry and are 32.7% [email protected] Samsung, a division of Samsung Elec- located in the New York area, he said. tronics Corp. in South Korea. About two-thirds of the company Someone else (tell us who) LONGMONT — Data-storage already works out of Next Big Sound’s 5.8% company Seagate Technology Inc. is office in New York’s Flatiron Dis- looking to hire 117 new workers — BCBR DAILY trict, and eight of the company’s 10 Undecided mostly engineers — by the end of employees will be relocating effective 8.6% June, a spokeswoman said May 18. Seagate in Longmont employs June 1. One designer is remaining in The new workers will help Cuperti- more than 1,100 people. Across the Boulder to work remotely. 104 responses from April 24 to May 22, 2012 no, California-based Seagate (Nasdaq: company, it shipped 60.7 million Leaving Boulder is a necessary This poll is not scientific and reflects only the STX) to expand its line of products product units during the first quarter step, but Next Big Sound’s early years opinions of those Internet users who have chosen — including its new GoFlex Satellite of 2012, generating $4.4 billion in in the city were crucial, White said. to participate. The results cannot be assumed to represent the opinions of Internet users in general, Wireless storage product, which can revenue and $938 million in operat- The company’s founders moved to nor the public as a whole. store 300 movies and stream them ing cash flow, according to a report Boulder for the TechStars startup wirelessly to a tablet device. filed with the U.S. Securities and accelerator program, and almost all of Take the BCBR Opinion Poll online at BCBR.com. The company makes hard drives Exchange Commission. its hires relocated to Boulder. found in computer desktops and lap- Posted May 18. Boulder-based VC firm Foundry tops, various related consumer elec- Group is a major investor in the com- accelerator program there, which was tronic storage and “nearline” storage Next Big Sound moving pany, and Foundry Group managing featured on Bloomberg’s television systems, which can store data for BOULDER — Next Big Sound director Jason Mendelson is a board network. small businesses, said Cindy Martini, Inc. is taking its next big step and will member. David Cohen, TechStars’ Next Big Sound raised a $6.4 mil- a Seagate spokeswoman in Longmont. move its headquarters from Boulder co-founder and CEO, was an angel lion investing round in January, with Seagate in Longmont already has to New York City. investor. New York-based VC firm IA Ventures hired 86 new workers and 38 interns Next Big Sound tracks bands’ pop- New York is developing its own investing and a partner joining the since January, to work mostly on ularity on social media platforms such scene for startups, primarily located board of directors. design engineering and reliability as Facebook and YouTube. The com- around the Flatiron and Union Square Posted May 18. testing of company products, Martini pany was a member of the TechStars areas, White said. TechStars hosts an ➤ See BCBRdaily, 23A
2012 Boulder Economic Summit
Presenting Sponsor Tuesday, June 5, 2012, 8:00 - 12:00 Our fifth annual Boulder Economic Summit features a fresh approach with a few new twists. Exciting new location. Brand-new Jennie Smoly Caruthers Biotechnology Building on the East Campus of the University of Colorado Boulder. Gold Sponsors New format and schedule with more time to connect with industry, academic, and community leaders. Join us to learn about new initiatives to support innovation and more. Speakers include: Tom Cech, Nobel laureate and Director, Biofrontiers Institute, Distinguished Professor of Chemistry and Biochemistry, University of Colorado Boulder Silver Sponsors Phil DiStefano, Chancellor, University of Colorado Boulder Thomas Frey, Futurist and Executive Director, The DaVinci Institute Ken Lund, Executive Director, Colorado Office of Economic Development and International Trade Monisha Merchant, Senior Advisor for Business Affairs, Senator Michael Bennet’s Office Richard Wobbekind, Economist and Senior Associate Dean for Academic Programs, Bronze Sponsors Media Sponsors University of Colorado Boulder
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Boulder Economic Council, 2440 Pearl Street, Boulder, CO 80302, 303.442.1044 3A
Boulder County Business Report | www.bcbr.com May 25 - June 7, 2012 | 3A RidgeviewTel’s bankruptcy won’t disrupt Wi-Fi Company will continue bankruptcy on April 24 and plans geviewTel were set up so that the Once a year, the two groups settle to emerge from the process within city and RidgeviewTel basically pay up the small dollar differences in to manage wireless ’net the next few months, according to about $43,000 to each other every what they owe each other, Roiniotis for city of Longmont Nicolae Toderica, RidgeviewTel’s year for the infrastructure and the said. president. RidgeviewTel is open operations, said Tom Roiniotis, RidgeviewTel was hired in 2009 BY BETH POTTER and operating at an office at 2101 director of Longmont Power & Com- to manage the city’s wireless net- [email protected] Ken Pratt Blvd., Longmont, with munications. The system is used by work, provide customer support, seven employees, Toderica said. police, fire and emergency services, upgrade the system, bill customers LONGMONT – RidgeviewTel At its peak, RidgeviewTel had 40 among others. and treat the network as its own, LLC’s recent Chapter 11 bankrupt- employees. Specifically, in the owner-opera- Vince Jordan, RidgeviewTel’s former cy filing won’t hinder the wireless The services RidgeviewTel pro- tor agreements, RidgeviewTel leases president and chief executive, said at Internet services it provides to the vides to the city are not affected by fiber-optic cable from the city and the time. city of Longmont, according to a city the bankruptcy, said Deb Cameron, pays co-location fees to the city to At the time, Toderica was a Rid- spokeswoman. a spokeswoman at Longmont Power operate the city’s wireless network. geviewTel investor. He bought Dub- The Longmont-based telecom- & Communications, a city utility. In return, the company charges the lin, Ohio-based DHB Networks munications company filed for The city’s contracts with Rid- city to have access to the network. ➤ See RidgeviewTel, 8A Red bikes’ Born of fire green miles lift Boulder Boulder B-cycle is a proud parent of a calorie-burning, gasoline-saving, carbon emission-reducing 1-year-old baby. The nonprofit organization in Boulder launched its bike-sharing program on May 20 last year. During that time more than 1,300 annual members have joined, and 5,000 day- users have ridden the bright red bikes. Together, these Boulder B-cyclists have taken more than 23,000 trips and logged more than 70,000 B-cycle miles. BCBR eye No wonder. Boulder was ranked No. 3 on Bicycling magazine’s list of best bike cities. By riding instead of driving, pro- gram organizers estimate Boulder’s B-cyclists have: JONATHAN CASTNER • burned more than 5.2 million Carolyn and Leland Oxley put their culinary experience to work and developed a line of sauces that originated in their Gold calories. Hill kitchen. • saved close to 3,500 gallons of gasoline. • spared the air roughly 125,000 Motherlode Provisions adds taste of Gold Hill to sauces pounds of carbon emissions. To keep the wheels rolling, orga- BY ELIZABETH GOLD the products include Whole Foods, nizers at Boulder B-cycle are urging [email protected] MOTHERLODE Liquor Mart and Alfalfa’s Market. people to green their karma by par- Provisions LLC now sells “It all started in our kitchen in ticipating. Find out more by going GOLD HILL — After the devas- Gold Hill,” Leland said. The com- online at boulderbcycle.com. tating Fourmile Canyon fire in 2010, two barbecue sauces, pany name pays tribute to its roots in residents got a hearty welcome home the town that got its start with gold According to the Bureau of Labor with a barbecue at Gold Hill Inn. two hot sauces and one and silver mining. Statistics, 2.1 million workers quit Leland Oxley answered the Bloody Mary mix in near- With a culinary arts and restau- their jobs in March. A recent survey request to cater the event with 100 rant background, Leland knew his of executives conducted by Robert pounds of pork and beef and some ly 150 different locations way around a kitchen and set out Half International found some job barbecue sauce he and his wife, to come up with a taste that could seekers have given wacky reasons for Carolyn, bottled and brought along. as well as online. define the Rocky Mountains. jumping ship, such as: They left the event with orders “I didn’t want to create another • Someone left because her boss for more and a developing business Kansas City-style sauce, and Carolyn lost the dog she had given him. plan. and I achieved that.” • A person quit because he hated “We were winding down the on store shelves. Carolyn brought her own culi- the carpet. food-service management company Motherlode Provisions LLC sells nary experience from 15 years of • Another left to join the circus. so I sold the BMW M3 I was going two barbecue sauces, two hot sauces work with her parents in the restau- • And yet another quit because he to restore as injection of funds into and one Bloody Mary mix in nearly rant industry. didn’t like the way the office smelled. this business,” Leland said. 150 different locations as well as The Oxleys describe their Rocky So much for dog and kraut lunches By 2011, the Oxleys had products online. In Boulder, stores that carry ➤ See Motherlode, 21A in the adjoining cubicle. 4A 4A
4A | May 25 - June 7, 2012 Boulder County Business Report | www.bcbr.com Clean technologies improve, become more cost-effective Government subsidies, incentives still play part BY MICHAEL DAVIDSON [email protected] CEO Roundtables The Boulder County Business Report conducts BOULDER — The near term is CEO Roundtable discussions monthly to address promising for clean-tech companies, key issues facing companies and industries in even if partisan politics means the Boulder and Broomfield counties. industry’s fate could be impacted The CEO Roundtable is conducted in collabora- by this year’s election, according to tion with Ehrhardt Keefe Steiner & Hottman a roundtable of chief executives of PC and Berg Hill Greenleaf & Ruscitti LLP. The some of the area’s leading clean-tech roundtables are closed to the public, but the companies. Business Report reports on each roundtable in its print editions and posts video interviews The clean-tech world is maturing, with some participants on its website at www. and much of the unrealistic buzz has bcbr.com. stopped and has been replaced with unwarranted skepticism, said David 2012 schedule Gold, managing partner of Access Jan. 24: Economy, published Feb. 3 Venture Capital, a Westminster- Feb. 21: Banking, published March 2 based VC firm. March 21: Smart Grid/Alternative Transportation, “There was a lot of hype, and very published March 30 April 18: Bioscience, published April 27 May 15: Clean Tech, published May 25 June 12: Sports/Outdoors, publishes June 22 July 10: Real Estate/Construction, publishes July 20 Aug. 7: Innovation, publishes Aug. 17 lofty expectations for what would Sept. 13: Health Care, publishes Sept. 28 happen in clean tech,” Gold said. Oct. 16: Technology/Telecommunications, pub- “You’ve seen the pendulum swing lishes Oct. 26 all the way past the median and Nov. 13: Natural Products, publishes Nov. 23 beyond.” Many of the underlying tech- nologies are rapidly improving and becoming more cost-efficient, Albeo Government subsidies and incen- Technologies Inc.’s CEO Jeff Bisberg tives do matter in that calculation, said. His company develops LED Jones said. Cash grants from the lighting systems for industrial and American Recovery and Reinvest- commercial users and made $10.5 ment Act are going away, and an million last year. important tax credit for the solar Advances also make solar tech- industry is set to expire in 2016, he nology less expensive, which helps said. promote demand, Namaste Solar’s The wind industry could be CEO Blake Jones said. That could upended if Congress does not renew lead to nationwide expansion. the production tax credit, Boulder “Companies like ours are looking Wind Power’s chief financial officer June 12-14 • Boulder, CO outside of Colorado’s borders for Tim Connor said. Overseas markets that expansion,” Jones said. ➤ See Clean, 5A
Join the $290 Billion U.S. LOHAS market Participants The premiere business conference focusing Jeff Bisberg, CEO, Albeo Technologies Inc.; Tim Connor, CFO, Boulder Wind Power; David Gold, partner, Access Venture Partners; Blake Jones, CEO, Namaste Solar; Deane Little, CEO, New Sky Energy; Jerry on the opportunities in the Lifestyles of Health and Sustainability marketplace. Martin CEO, Boulder Ionics Corp.; Robert Schaefer, CEO, AlsoEnergy; Trent Yang, director of entrepre- neurship and business development, Renewable and Sustainable Energy Institute; and managing director, Clean Range Ventures. Moderator: Chris Wood, publisher, Boulder County Business Report. New Ideas I New Partnerships I New Opportunities
TOPICS: “LOHAS in my opinion offers the • Consumer Trends highest ROI on investment of any • LOHAS Success Stories conference we attend...” • Social Innovations & Entrepreneurship — Wayne Zink, President of Endangered Species Chocolate Foundation Volume 31 : Issue 12 • Public/Private Partnerships May 25 - June 7, 2012 PLUS: Hands-on Workshops on Harnessing Social Media, Pitching to Investors, Story Telling & more... Copyright 2012. BizWest Media LLC. www.lohas.com Reproduction or use of editorial or graphic content without written permission is prohibited. The Boulder County Business Report (USPS 018-522, ISSN 1528-6320) Is published biweekly, with an extra issue in December, by BizWest Media LLC, a Colorado corporation, 3180 Sterling Circle, Suite 201,Boulder Colorado, 80301-2338. Periodical Postage Paid at Boulder, CO and at additional mailing offices. Subscriptions are $49.97. International subscriptions are $180.00.
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CLEAN from 4A are growing, in part because foreign governments are nurturing compa- nies and markets much more so than in the United States. “If you just look at the U.S., you get kind of queasy,” Connor said. The upcoming election could help put an end to that. The clean-tech sector has become politicized, with Democrats supportive of subsidies that benefit the industry and Repub- licans generally hostile to them. Being caught in the middle is never good for any industry, Gold said. The heat could be turned down once campaigns end, he said. “After the election, regardless of who wins, is going to be a better time for clean tech,” Gold said. Connor said he is optimistic that the production tax credit will pass after the election removes some of the political aspects of the vote. “I think it’s a political football right now, so nobody is getting behind it,” he said. Meanwhile, companies still need money from private sources. DOUG STORUM Albeo Technologies raised $8 mil- Boulder Wind Power’s chief financial officer Tim Connor, center, said the wind industry could be upended if Congress does not lion earlier this year in a Series C renew the production tax credit. Connors made the comment during the Boulder County Business Report’s CEO Roundtable round and a debt financing. It was on clean technology held May 15. At right is Jeff Bisberg, CEO of Boulder-based Albeo Technologies Inc., and at left is Shan- difficult to raise the money, and the non Golden Schubert of event co-sponsor Berg Hill Greenleaf & Ruscitti. company only began attracting real interest from investors after it proved gy’s founder and CEO Robert Schae- goals. to get better deals. it was profitable and began earning fer said. He supported AlsoEnergy For venture capital firms, which “This is actually one of the best millions in revenue, Bisberg said. with a home equity loan and is not have sufficient funds, now is a good times to make clean-tech invest- Foregoing investment is a strategy sure additional investment really time to invest, Gold said. With fewer ments,” he said, “because you can some companies can use, AlsoEner- would help his company achieve its firms competing, investors are able make wiser investments.”
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6A | May 25 - June 7, 2012 Boulder County Business Report | www.bcbr.com Report: CU’s economic impact on Colorado $5.3 billion in 2011
BY BETH POTTER state and private sources, according [email protected] to the study. CU-Boulder and the No other company sells more Anschutz Medical Campus received BOULDER — The University of 94 percent of all federal program luxury real estate in Colorado* Colorado’s economic impact on the funding to the university, according state’s economy in 2011 was $5.3 to the study. To learn why visit us online at billion, according to a new study Eleven new companies were start- PreviewsMembersOnly.com from the business research division ed in 2011 as a result of technology of the university’s Leeds School of coming from CU research laborato- ©2011 Coldwell Banker Real Estate LLC. Coldwell Banker®, Previews® and Previews International® are registered trademarks licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Owned and Operated by NRT LLC. *Based on information from Metrolist and Information & Real Estate Services, LLC for the period 1/1/10 through 10/31/10. FILTER: Sales Price: Business. ries, according to the study - several $500,000-$99,999,999 Prop. Types: SFH Condo TwnHm Areas: ALL Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data Across the state, CU was the of them in Boulder. CU’s job-cre- accuracy. Data maintained by the MLS’s may not refl ect all real estate activity in the market. third-largest employer, with a total ation efforts typically concentrate on payroll of nearly $1.2 billion for its industries such as biotechnology and 27,483 faculty, staff and students, clean energy, the study said. according to the study. Average earn- A team of researchers, led by CB-NCBR_Ad-0412.indd 1 4/10/12 10:58:39 AM ings were $44,828, including student chief analyst Richard Wobbekind, pay. CU-Boulder had the highest executive director of Leeds’ busi- number of employees – 13,200 – of ness research division, conducted any campus in the system, the study the study research. The team worked said. with campus business analysts, the “CU is a substantial, stable eco- CU system’s Office of Technology nomic driver for Colorado that not Transfer and the offices of spon- only produces a highly educated sored programs, as well as those from workforce but also creates jobs and private-sector companies. The team companies in our state,” said CU’s examined data compiled from the president Bruce D. Benson in a press fiscal years of 2009, 2010 and 2011, statement accompanying the study. and focused on numbers from 2011. “Our faculty researchers also bring The study did not quantify the hundreds of millions to Colorado, economic impacts of the nearly which has significant ripple effects in 200,000 CU alumni living and work- key sectors of Colorado’s economy.” ing in the state or the impacts of uni- At CU-Boulder, students spent versity-related visitors, Wobbekind $318 million in 2011, based on a said in the press statement. survey administered across all CU Other studies in recent years had campuses. Nearly 38 percent of the calculated CU’s annual economic spending went to housing, followed impact on the state to be as high as by groceries (11 percent) and books $6 billion, according to the press (11 percent). That was 63 percent statement. The new CU analysis is of the total estimated $500.9 mil- intentionally conservative and based lion in student spending across all on more accurate methodology, the campuses, according to the study. press statement said. CU-Boulder was followed by the About 57,000 students are pursu- University of Colorado- Denver, and ing academic degrees at CU campus- CU’s Anschutz Medical Campus in es across the state. The National Sci- Aurora. The fourth campus in the ence Foundation ranks CU seventh CU system is in Colorado Springs. among public institutions in federal On the research side, CU received research expenditures in engineering more than $793 million from federal, and science. FRCC’s economic impact: $412 million BY BETH POTTER to the study, conducted by Economic . [email protected] Modeling Specialists Inc., a national STRENGTH research firm. Named #17 on the Forbes Best Banks in WESTMINSTER — Front Range “I’m proud of the impact that America list, First National Bank is proud Community College contributes Front Range Community College $412 million annually to the regional has on the diverse communities we to be one of the most financially strong economy, according to a new study serve,” Andy Dorsey, president of banks in the nation. conducted for the Colorado Com- Front Range Community College, munity College System. said in a press statement. “The results So when you’re ready for one of the best banking experiences in Front Range Community College of this study show that students earn America, stop into one of our convenient branches, or visit us online offers nearly 100 degree and certifi- back their investment many times at 1stnationalbank.com. cate programs from its campuses in over.” Longmont, Fort Collins, Westmin- Students working after gradua- 800.883.8773 | Member FDIC ster, Brighton and online. The college tion were the main economic impact system is a member of the Colorado measured – creating nearly $369 Community College System. million in added income annually in CHECKING | SAVINGS | LOANS Once they graduate, Front Range the region, according to the study. MORTGAGE | CREDIT CARDS Community College students see an Front Range Community College SMALL BUSINESS average of $2.70 more in their work- awarded more than 3,000 degrees WEALTH MANAGEMENT ing lives for every $1 they invested and certificates in 2011, Dorsey said. CORPORATE BANKING in their college educations, according Of those, 472 were in career techni- to the study. In all, students see a 9.7 cal education degrees in industries
FIRST NATIONAL BANK, A DIVISION OF FIRST NATIONAL BANK OF OMAHA. percent return on their investments ranging from nursing to clean energy throughout their careers, according technology. 7A 7A
Boulder County Business Report | www.bcbr.com May 25 - June 7, 2012 | 7A
TAX from 1A (NYSE: COV) at the center, which and not making any money will still opened in March and employs be required to pay the tax at the about 150 people. In all, Coviden same rate as a big medical device has about 1,400 workers in Boulder. company,” Riebel said. “A lot of Newhart did not give specific companies are thinking it’s very dollar impacts the tax might have unfair as to how it’s applied.” on Covidien’s campus in Boulder. Spinal device company Lanx Inc. But she emphasized that the com- in Broomfield is another company pany never had said the tax might that says it will be limited by the tax mean layoffs for Covidien globally, in how much it can spend for future as was reported in a column by research and development, as well syndicated columnist George Will as for new jobs, said Steve Deitsch, a recently. Will quoted Coviden as company spokesman. blaming the federal tax for a deci- At Encision Inc. in Boulder, the sion to lay off 200 workers and feeling is much the same. Encision’s move some of its production to 61 employees are involved in mak- Costa Rica and Mexico in a column ing and selling devices and monitors in the Washington Post titled “Tax- used in laparoscopic, or minimally ing jobs out of existence.” invasive, surgeries, said Fred Perner, “We have never cited (the tax) COURTESY COVIDIEN PLC the company’s chief executive. as a reason for laying off employ- Covidien’s workers manufacture surgical and respiratory monitoring devices, among While a 2.3 percent tax may not ees or transferring work overseas,” other things, at the company’s campus in Boulder. A 2.3 percent federal tax on medical sound like a lot, it’s a significant Newhart said. devices that’s slated to go into effect in 2013 has area medical-device manufacturers amount of the company’s profitabil- It’s not only large medical-device coming up with plans to cope with the impact it will have on their balance sheets. ity, Perner said. To respond, Enci- companies that will be affected by sion may have to look at personnel the tax, said Robert Kline, a founder costs in sales and marketing, as well and former chief executive of Medi- offshore. most such companies in the region, as pricing and current research and vance Inc. in Louisville, a company “It’s a huge burden before you said Holli Riebel, director of the development costs, he said. that makes Arctic Sun cooling- have any critical mass or profits. Colorado Bioscience Association in “It’s going to impact our bottom blanket products used in hospitals. It reduces the amount of capital Denver, an industry trade group with line,” Perner said. “I really believe Startup medical-device companies you have to invest in products or numerous Boulder and Broomfield it was a move by the government, also may struggle more from the people,” Kline said. “I think it’s county members. The trade group is perhaps with little forethought.” new tax, said Kline, adding that he shortsighted and will have a very watching the measure closely, Riebel The tax was part of the Afford- plans to start a new medical device detrimental effect on the medical- said, adding that there’s a move afoot able Care Act, approved by Con- company soon. He gave no specifics. device field and job creation.” in Congress to potentially repeal it gress and signed into law in March Kline said the tax is expected The 2.3 percent excise tax on before it takes effect. 2010. The act has created sweep- to drive more funding and more gross revenue of medical device com- “Small companies that are in the ing changes across the health-care fledgling medical-device companies panies will double the tax bills of research-and-development phase industry since it was passed.
The Boulder County Business Re- port’s Fifth Annual Green Summit 303-440-4950 is a full-day conference, including expert breakout sessions, green business ex- www.bcbr.com hibitors and a globally focused keynote speaker addressing the balancing of business and the environment. green As THE business news source in the Boulder Valley, we provide a BLENDINGsummit BUSINESS & THE ENVIRONMENT unique stage for leading local or- ganizations to collaborate on ideas GREEN SUMMIT and strategies that make sustain- AUG. 7, 2012 able business practices profitable. Millennium Harvest House Hotel Additionally, we provide a platform to 7:30 a.m. – 5:30 p.m. engage with companies showcasing cut- ting edge products and expertise which Featuring: ECO-HEROES are making a global difference. AWARDS The Eco Heroes Honorees will be joined this year by the Boulder Valley’s Best Green Buildings Honorees, a collaboration of the Colorado Green Building Guild and the Boulder County Business Report. To place a nomination for an Eco Hero based on their dedication to sustainable practices, or a Green Building, please see Our Sustainable Future Starts NOW www.bcbr.com and click on the events The new Western Disposal Achievement Awards will be presented during lunch. tab for more information. For any questions on the event, or how The Eco Heroes Awards & the Best of Boulder Valley Green Buildings Awards your company can sponsor the Green presented at the Cocktail Reception: 3:30-5:30 Summit, please contact your sales rep today. 303-440-4950 8A 8A
8A | May 25 - June 7, 2012 Boulder County Business Report | www.bcbr.com
RIDGEVIEWTEL from 3A Ltd’s wireless Internet infrastruc- “That’s what destroyed Rid- ture in Longmont for back taxes RIDGEVIEWTEL HAS BEEN STRUGGLING geviewTel,” Toderica said. “It makes owed by the company and its prede- since being hit by the bankruptcy of telecommunications sense to restructure and bring Rid- cessor for $121,770. geviewTel back to a stable state.” Toderica then hired RidgeviewTel customer FairPoint Communications Inc. (NasdaqCM: FRP), FairPoint filed for Chapter 11 to manage the citywide wireless bankruptcy in 2009 and emerged Internet network in Longmont. As Toderica said. RidgeviewTel had a $20 million contract with from the bankruptcy process in part of a three-year contract, Tod- the Charlotte, North Carolina-based firm. 2011, according to company spokes- erica paid RidgeviewTel a flat fee woman Sabina Haskell. Haskell said for providing the services. After the she could not provide details of Rid- three years, the contract was to be geviewTel’s specific case before the renewed on a year-to-year basis. Lending LLC, an investor, according RidgeviewTel had a $20 million Boulder County Business Report’s Jordan is now the telecommu- to Cynthia Kennedy, the company’s contract with the Charlotte, North daily deadline. nications manager at the city of bankruptcy attorney. Carolina-based firm, he said. RidgeviewTel expects to be back Longmont. He took the position in RidgeviewTel has been struggling Unfulfilled promises from tele- on even footing by late summer, and March, Cameron said. since being hit by the bankruptcy communications company Cincin- is losing less money today than it did RidgeviewTel’s major creditors of telecommunications customer nati Bell in Ohio also caused prob- nine months ago, Toderica said. The include Circle Capital Partners LLP, FairPoint Communications Inc. lems for RidgeviewTel, Toderica company also is hoping to find new the landlord, and Rural Broadband (NasdaqCM: FRP), Toderica said. said. investors, he said.
JULY 20 2012 Plastic surgery firm seeks Chapter 7 30 bankruptcy
BY BETH POTTER [email protected]
LOUISVILLE – Plastic surgery office Bluestein Surgical Arts PC filed for Chapter 7 bankruptcy on April 26. 30 Dr. Eve Bluestein, principal of the Louisville-based firm, declined to comment. It was unclear if the office at 1068 S. 88th St. in Louisville was open, after an answering machine picked up two separate calls during business hours. A hearing will be scheduled for THREE DECADES creditors to meet, said Robert Shil- liday, the firm’s bankruptcy attorney. — 30 YEARS OF BOULDER VALLEY BUSINESS Under Chapter 7 bankruptcy, a com- pany’s assets are liquidated. Bluestein Surgical Arts in April The Boulder County Business Report is proud to have provided coverage and insight lost a civil suit that it filed against into the Boulder Valley Business Community for the past 30 years. Celebrate the landlord Gateway Properties LLC, and against Chrisman Commercial history of your business as we celebrate completion of our 30th year with this special LLC, Chrisman Construction Inc. section July 20. and Susan Chrisman, according to Shilliday and to a 137-page ruling on the case. The case focused on water Three Decades – 30 Years of Boulder drainage and sewer backup and drain- age issues at the former Bluestein Valley Business will feature: Double the office at the Gateway Properties com- plex at 864 W. South Boulder Road n Stories on the growth of key Boulder Valley Distribution! industries over the past 30 years. in Louisville, according to the ruling. More than 13,000 Bluestein alleged several cases of n Guest columns from key personalities in the fraud in connection with water and history of BCBR. copies mailed. sewer issues and improvements in the case, according to the ruling. n An overview of BCBR’s history. Susan Chrisman declined to com- ment on the civil suit. n A timeline of major business news from the past 30 years. SIGN UP FOR THE Call 303-440-4950 FREE BCBRDAILY to reserve your WWW.BCBR.COM 303-440-4950 | www.BCBR.com advertising space 9A 9A
Boulder County Business Report | www.bcbr.com May 25 - June 7, 2012 | 9A Computer responses call head-trauma signals BOULDER — Hundreds of stu- School District, Averton said. school athletes is a personal issue taurus, Monarch and Fairview dent athletes in the Boulder Valley “If the concussion is severe for many parents, said Amrich, high schools all seeing about 100 have taken a neurocognitive test at enough that you need treatment who remembers suffering a student athletes take the test. the Boulder Center for Sports Medi- with speech, balance, vision and concussion in a school football The second concussion test scores cine that may help save lives. cognitive issues, the athlete can practice as a youth while trying never kept a student out of a game if The free, 30-minute Concussion sit around and wait for symptoms to show his coach that he could a doctor had given the OK to be able Vital Signs test basically measures a to clear up,” tackle the quarterback. to play again last year, Averton said. person’s reaction times and ability to Amrich said. The greatest risk from a concus- But Averton believes the test will be concentrate. “(But) return- sion is Second Impact Syndrome, used more in coming years to make How it works: The person being ing to sports which causes brain injury or even decisions about safety. tested sits at a computer and responds improperly is death when an injured athlete “If it’s the Boulder-Fairview on the keyboard to a series of num- unsafe, both in returns to competition too soon (football) game, you can’t tell bers and shapes that flash across the the short term and suffers another head injury, someone he can’t play because of an screen. The baseline test measures and the long said Rich Sheehan, a spokesman at injury,” Averton said. “But parents verbal memory, visual memory, term. It’s a great Boulder Community Hospital. realize that you only get one brain, psycho-motor speed, cognitive flex- MEDICAL FILE idea to add more That’s one of the reasons the and it’s the second hit that’s going ibility, and simple reaction time, said Beth Potter science to the hospital and the Center for Sports to hurt you, not the first one.” Jason Amrich, a physical therapist equation.” Medicine have joined to offer the School trainers and the Center and director of the Boulder Center Since the recent suicides of profes- testing free of charge to students. for Sports Medicine expect to see for Sports Medicine, a division of sional football players Junior Seau and The Boulder Community Hos- an increase in testing this year, Boulder Community Hospital. Ray Easterling, — which some believe pital Foundation paid the $3,750 now that more student athletes If the test is taken again after suf- are related to repeated concussions the needed to buy the licenses needed know about it. The test is cur- fering a concussion, he said, the test men received during football — the to offer the test to students in the rently voluntary, and parents learn score will be lower — a measure that concussion issue has been a hot topic Boulder Valley school district, about it in an informational bro- signals to coaches, athletes and par- of discussion in sports. Amrich said. chure in the packet their kids get ents that an athlete is not ready to go In addition, an Atlanta attorney “We see repeated head trauma when they sign up to play a sport. back to the game. is co-counsel for more than 200 effects that we’re just starting to “We’ve learned a lot, and we Since every person’s baseline test players who have sued the National realize,” Amrich said. “This helps want to publicize it to parents result is different, the second test Football League. Seau is best known the coach . . . navigate around an more,” Averton said. result is used as a comparison with for his play on the San Diego Char- athlete withholding symptoms. It’s Anyone can take a sample test the original, said Shannon Averton, gers, and Easterling was a former a little more of a black-and-white online by going to the local website head athletic trainer at Boulder High Atlanta Falcons safety. result that shows this person is concussionvitalsigns.com. School. About 150 Boulder High ready. It’s a really helpful thing.” School student athletes took the Brain damage gets personal At Broomfield High School, Beth Potter can be reached at baseline test last year, the first year Potential brain damage to their about 150 students took the test 303-630-1944BOULDER VALLEY or via email at bpot- it was offered in the Boulder Valley sons and daughters who are high last year, Averton said, with Cen- [email protected].
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2013 2012 BOULDER & Dealing with Dementia Caregivers treat the symptoms while researchers VALLEY MD hunt for cure Page 6 BOULDER VALLEY
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10A | May 25 - June 7, 2012
BOULDER COUNTY BUSINESS REPORT WWW.BCBR.COM 11A Housing on The Hill REAL ESTATE AND 12A Top commercial sales DEVELOPMENT 13A Vacancy rates FOCUS: QUARTERLY ROUNDUP Steel Ranch a homebuyer’s magnet Two developers ironed out deal to secure tract BY MICHAEL DAVIDSON [email protected]
LOUISVILLE — It’s been a long time since developers specializing in single-family housing have had reason to be optimistic. That’s part of the reason why Ryland Homes and Boulder Creek Builders, the companies behind the Steel Ranch development in Louisville, are pleasantly surprised about the success of the fast-selling project. The development is off Colorado Highway 42, between Baseline and South Boulder roads. The companies started building last year, and both are on pace to build out — and sell out — well ahead of schedule. “We can’t build any faster. We’ve got people on top of people. I’ve never been witness to a community built this fast,” said David Sinkey, Boulder Creek Builders’ principal and managing director. “This is MICHAEL MYERS a pace nobody’s seen, especially Developers David Sinkey of Boulder Creek Builders and Ruth Rowley of Ryland Homes are pleased with how quickly homes around here.” have sold at Steel Ranch in Louisville. “This is one of anybody’s most successful communities, in any $525,000 for a 3,056-square-foot and a sense the economy is improv- the builders said, is its proximity market,” said Ruth Rowley, Ryland two-story home. ing are two of the driving factors to Louisville, with its charming Homes’ vice president for sales and Boulder Creek has sold 38 of behind the brisk sales, Sinkey and downtown. marketing. the 68 homes it will build on its Rowley said on a recent tour of the “It’s different in a good way,” As of mid-May, Ryland Homes portion. Prices range from the low development. There’s also a lack of Rowley said. “You have the feeling sold 70 of the 84 homes it will $400,000s to $600,000. The Steel existing homes going on the market of a small town, which is very big build on its 57-acre portion of Steel Ranch models have won awards in the greater Boulder area. right now.” Ranch, Rowley said. The prices of from local and national homebuild- But that doesn’t explain why The area also has weathered the its homes range from $356,000 for ers’ associations. Steel Ranch is outselling other recession better than have most a 1,711-square-foot ranch to about Growing demand for new homes projects. The major reason for that, ➤ See Ranch, 12A Cyclists’ dream on track to become reality in June
BY BETH POTTER will be, talking about the vision [email protected] he and business partner Doug Emerson have for the develop- ERIE — The new Boulder Val- ley Velodrome is expected to open ■ More tennis choices this summer, 10 years after two on way ...... 13A entrepreneurial cycling enthu- siasts started working on their ment. Banta and Emerson bought dream to build it. the land at the northwest corner of COURTESY DAVID A. BEAL, ARCHITECT On a recent warm spring day, Bonnell Avenue and County Line An artist’s rendering shows the planned Boulder Valley Velodrome, locat- developer Frank Banta stood Road just south of Erie Commu- ed just south of Erie Community Park. where the bicycle track’s infield ➤ See Track, 12A 11A11A
Boulder County Business Report | www.bcbr.com May 25 - June 7, 2012 | 11A
TOP 10 OFFICE LEASES IN BOULDER AND BROOMFIELD COUNTIES Jan. 1 to March 31, 2012 Tenant Square Address Listing / Selling Housing for students Footage Agency – Broker(s) 1 Rally Software 65,545 3333 Walnut St., Paige Coker Heiman, Acquire Inc; Development Corp. Boulder being built on The Hill 2 Aububon Engineering Co. 14,356 12303 Airport Way, Joe Serieno, David Hart, Chris Phenicie, Broomfield CBRE Inc.; UGL Services Developers, frat team up for 39-unit complex 3 Integral Center LLC 13,734 2805 Broadway, B. Scot Smith, Chris Hansen, The Colorado Group Boulder BY MICHAEL DAVIDSON is accessible to members, Boyers said. 4 Backflip Studios Inc. 11,964 1690 38th St., Chris Ball, Cassidy Turley Fuller; Todd Walsh, [email protected] The company formed to build the Boulder Jason Kruse, B. Scot Smith, The Colorado Group Inc. development, 955 Plaza LLC, closed 5 Aspen Laser 10,966 1551 S. Sunset St., Becky Callan Gamble, Hunter Barto, Dryden BOULDER — A real estate devel- on the lot on 1715 Aurora Ave. on & Technologies Longmont Dunsmore, Dean Callan & Co.; Scott Garel, Newmark Knight Frank Frederick Ross; opment group led by Boulder devel- Thursday, Boyers said. The prop- Joel Hanson, Pro Tenant oper Mike Boyers has begun work on erty was purchased from Beta Kappa 6 Terma Software Labs Inc. 10,407 5555 Central Ave., Chris Boston, Gibbons-White Inc.; a 39-unit student apartment complex Association for $2.4 million. Suite 200, Boulder Rob Fellows, Phelco Group LLC on The Hill. The other lot already is owned by The project, called the Plaza on Acacia. 7 PicoSpin LLC 9,084 5445 Conestoga Court, Audrey Berne, B. Scot Smith, Wade Arnold, Steven Boulder Johnson, The Colorado Group Inc.; Westland Development the Hill, will be on two lots, 955 The price tag for the project is Broadway and 1715 Aurora Ave. The about $22 million, including the land, 8 Zidea LLC 7,642 1011 Walnut St., Alex Hammerstein, Marty Knape, CBRE Inc.; Suite 200, Boulder Lynda Gibbons, Angela Topel, Gibbons-White Inc. units will be spread between two Boyers said. Demolition work on the buildings and total 153 bedrooms, old property already has started, and 9 Actium Biosystems Inc. 6,936 7007 Winchester Circle, Neil Littmann, Jessica Cashmore, The Colorado Boulder Group Inc.; Scott Reichenberg, Susan Chrisman, Boyers said. The buildings will total the developers plan to have the Plaza Valerie Johnson, The Colorado Group Inc. about 69,240 square feet, and the ready for University of Colorado- 10 VersaCart Systems Inc. 5,690 4720 Walnut St. Chris Boston, Michael-Ryan McCarty, complex will have an approximately Boulder students by the start of the No. 105, Boulder Gibbons-White Inc.; Nate Litsey and Chad 30,000-square-foot underground 2013-14 school year. Henry, W.W. Reynolds Cos. garage. Fort Collins-based Brinkman Con- Source: Survey of commercial real estate firms The Plaza on the Hill is a new type struction Inc. will build the project. TOP 10 INDUSTRIAL LEASES IN BOULDER AND BROOMFIELD COUNTIES of collaboration between private Boyers recently has built two other Jan. 1 to March 31, 2012 developers and the Acacia fraternity, student-housing projects on The Hill, which will have a 3,150-square-foot the Lofts on the Hill at 1155 13th St. Tenant Square Address Listing / Selling Footage Agency– Broker(s) chapter room in the building. and Lofts on College at 1350 College “This is the first of a new model Ave. 1 Claremont Foods LLC 31,003 6325 Monarch Erik Abrahamson, Tyler C. Carner, CBRE Inc.; Park Place, Niwot Jones Lange LaSalle for the CU campus,” Boyers said. The Student housing has been a prof- Acacia will be a tenant, its members itable niche, Boyers said, although 2 Colorado Envelope Inc. 17,507 2275 W. Midway, Jeremy Kroner, CBRE Inc Broomfield are free to live in the Plaza on the sometimes it takes some explaining Hill or elsewhere, and the fraternity to his peers. 3 Ionex Research Corp., 11,358 1149 Telleen Ave., Craig Ockers, The Colorado Group Inc. Erie is freed of the burden of owning and “My buddies in the development running what is essentially a small business have always said, ‘You’re 4 Bergans USA LLC 7,437 455 Weaver Park Tebo Development Co.. apartment building. crazy to be on The Hill,’ ” Boyers said. No. 200, Longmont The Acacia chapter space is sepa- “I like it. I like dealing with the 5 Power & Performance LLC 4,650 1849 Cherry St. Todd Walsh, The Colorado Group Inc. rated from the other parts of the students, and I love working with the No. 3, Louisville building to diminish noise and only neighbors.” 6 Colorado Cultivators. 4,620 1900 55th r Tebo Development Co. Association Inc No. A105, Boulde 7 Cross Concepts LLC 4,000 14399 Mead St., Tim Conarro, The Colorado Group Inc.; Longmont Carol Davis, Summit Real Estate Dog-track redevelopment plan a winner 8 Foothills Creations Ltd. 4,000 505 Weaver Park Tebo Development Co. BUSINESS REPORT STAFF equity capital.” Units G and H, Longmont [email protected] The CU-Boulder team included 9 AscenDance Project 3,800 5721 Arapahoe Ave., Jessica Cashmore, The Colorado Group Inc., John Bauknight, Tyler Field, Matt Fer- and Exteriors Unit C, Boulder Steve Rosen, Sierra Management Co. BOULDER - A team from the guson, Blake Ottersberg, and Craig 10 Rural/Metro 3,600 3297 Walnut St., Jay Johnson, Cresa Partners; Andrew Freeman, University of Colorado-Boulder’s Townsend, all second-year MBA can- of Central Colorado Boulder Freeman-Myre Inc. Leeds School of Business bested the didates in Leeds’ real estate program. Source: Survey of commercial real estate firms University of Denver’s Daniels Col- This is the second victory for TOP 10 RETAIL LEASES IN BOULDER AND BROOMFIELD COUNTIES lege of Business in the 10th annual the Real Estate Center in as many Jan. 1 to March 31, 2012 Rocky Mountain Real Estate Chal- months. Two Leeds School MBA stu- Tenant Square Address Listing / Selling lenge. dents, Alex Atherton and Chad Mur- Footage Agency– Broker(s) The Buff One Development team phy, won first place in the national 1 Greenwood Wildlife 8,748 3600 Arapahoe Ave., Becky Callan Gamble, Dryden Dunsmore, representing CU-Boulder was award- ULI/Gerald D. Hines Student Urban Rehabilitation Center Boulder Dean Callan & Co.; Chad Henry ed $5,000 in prize money for its Design Competition in April. and Nate Litsey, W.W. Reynolds Cos. winning proposal for the former Mile 2 Seasoned Outdoor 4,720 2095 30th St., Dryden Dunsmore, Rodney Foster, High Greyhound Park in Commerce Exchange Boulder Dean Callan & Co. City. 3 Fabulous Finds 4,030 600 S. Airport Road, Jason Kruse, Jack Kruse, “The Leeds Real Estate team devel- Longmont The Colorado Group Inc. oped an economically and financially 4 Café Mexcali 4,000 2900 Baseline Road, Neil Littmann, Scott Reichenberg, , feasible plan for the redevelopment SINCE 1980 Boulder Boulder Jessica Cashmore, The Colorado Group Inc. of the very challenging 64-acre site,” COLOR ME 5 GoLite LLC 3,854 1222 Pearl St., Jason Kruse, The Colorado Group Inc.; said Tom Thibodeau, academic direc- green Suite B, Boulder James Dixon, Tebo Development Co. tor of the University of Colorado Real Plants forPLANTS Business FOR BUSINESS 6 Montbell America Inc. 3,503 1500 Pearl St., Audrey Berne, The Colorado Group Inc.; Estate Center. “The plan included Suite A, Boulder Bittner Commercial Advisors uses supported by the local market: 7 Harvest of Hope Pantry 3,400 2960 Valmont Road, Brit Banks, Dryden Dunsmore, Dean Callan & a Boys and Girls Club, two techni- Boulder Co.; Dan Hendrick and Sallie Taylor, Irwin & Hendrick cal schools, affordable housing and 8 Family Garden Center 3,216 600 S. Airport Road, Re/Max Traditions; Jason Kruse, retail. The development is financed Longmont Jack Kruse, The Colorado Group Inc. primarily by Commerce City and by 9 Boulder Bridal LLC 2,894 3151 Walnut St., Angela Topel, Gibbons-White Inc.; Chad Henry private sources of debt and equity. Boulder and Nate Litsey, W.W. Reynolds Cos. The development team did a remark- 10 Wendy’s 2,500 2480 Baseline Road, Jim Lee, Jon Weisiger, Matt Debartolomeis, able job creating a market-driven Boulder CBRE Inc.; Swanson Real Estate proposal that meets the needs of the 303.494.8834 Source: Survey of commercial real estate firms local community while providing colormegreenco.com market rates of return for the debt and 12A 12A
12A | May 25 - June 7, 2012 Boulder County Business Report | www.bcbr.com
MICHAEL MYERS The Steel Ranch single-family home models have won awards from local and national homebuilders’ associations.
RANCH from 10A communities, Sinkey said, and Ryland and Boulder Creek Ryland’s homebuyers are Boulder Creek is about to local employers are strong. benefit from offering homes tar- younger, mainly families who have expand its reach beyond its tra- “It allowed everyone to feel geted at different demographics. outgrown their first home, Rowley ditional area in Boulder Coun- they could take a chance on the According to Sinkey, Boulder said: A mom and dad who are ty, Sinkey said. He is not able to area,” he said. Creek’s homebuyers are predom- professionals in successful careers disclose the new location at the Louisville has been piling up inantly empty nesters who are and can afford a bit extra for a moment, but he said it will be awards as one of the nation’s best downsizing from the homes in good school district and small- building in major metro-Denver places to live, including taking which they raised their children. town feel. developments. the top spot on Money magazine’s They want smaller homes, and “It’s been nice in that regard,” Boulder Creek’s growth shows biennial list of best small towns in the smaller lots mean virtually no Rowley said. “We don’t really small, locally owned development 2009 and 2011. yard work. compete.” and building companies can sur- “The Money magazine story Middle-aged single women Steel Ranch never would have vive and thrive, which seemed is just the cherry on top,” Sinkey also find the patio-home concept gotten off the ground if the com- very much in doubt at times dur- said. appealing, Sinkey said. panies had not cooperated in the ing the recession, Sinkey said. early days. Another major national Ryland Homes is part of the homebuilder was looking to pur- Ryland Group Inc., a 45-year-old TRACK from 10A chase the land, but Boulder Creek national homebuilder that is pub- and Ryland were able to put togeth- licly traded (NYSE: RYL). The nity Park in 2006 for an undisclosed er a last-second proposal to buy the company is based in Westlake Vil- sum. It’s valued at $408,600 by the We’re two guys with tract. The deal took two frantic lage, California, with its Colorado Boulder County assessor’s office for weeks to put together, Sinkey said. division headquartered in Green- tax purposes. a dream who are finally The success of Steel Ranch will wood Village. Now, the 250-meter track is putting it together. We help both companies launch new Ryland returned to the Colo- finally going up. The track will be forays into the Colorado market. rado market in 2010, and its part funded by founding members, each want to create a culture Louisville-based Boulder Creek of Steel Ranch is helping the com- of whom pays $5,000 for a mem- Builders LLC is a privately held pany regain its foothold in the bership. So far, about 210 founding where everybody out company which specializes in state, Rowley said. members have joined — about 30 there has a good time. patio homes and townhouses. It is “It’s a very exciting time for us,” each from seven area cycling clubs, building five communities in Lou- she said. “We’re getting back on Banta said. Frank Banta isville, Longmont and Loveland. the map in Colorado.” These aren’t just any bicycle rid- CO-OWNER, ers. Many of these riders train at BOULDER VALLEY VELODROME speeds of 30 miles per hour for sustained periods, Banta said. The TOP COMMERCIAL PROPERTY SALES way the track is being built, he said, meant a lower overhead for the proj- IN BOULDER COUNTY riders will need to ride at 10 mph or ect, which has helped it get going, Jan. 1 to March 31, 2012 more to keep from falling off. Banta said, declining to give specific Buyer Address Type Price Straightaways will be banked at financial details. When finished, the 1 VTR Vistas Longmont LLC 2310 9th Ave., Retirement community $28,000,000 Longmont about 12 degrees, Banta said, and track will feature wood built on a 2 NMMS Twin Peaks LLC 2000 Ken Pratt Blvd., Twin Peaks Mall $8,500,000 the track’s curves on the corners are concrete foundation. Longmont 42 degrees. With the closing of the Boulder 3 Diagonal Tech Investments LP 1625 S. Fordham St., Office building $6,875,000 The private track will include Indoor Cycling velodrome track at Longmont 250 bleacher seats and food vendors 3550 Frontier Ave. in Boulder on 4 371 Centennial LLC 371 Centennial Parkway, Office building $5,865,000 in the future. Some cycling clubs April 30, the new outdoor track is Louisville already are planning races, Banta expected to do even better, Banta 5 1000 Alpine LLC 1000 Alpine Ave. Medical office building $4,650,000 Boulder said. said. The state’s only current opera- 6 Conscience Bay Motors LLC 3150 28th St., Auto dealership $4,259,000 Architect David A. Beal called tional velodrome is in Colorado Boulder the project a “labor of love” that Springs. 7 Mackintosh Academy 6717 S. Boulder Road, School $3,766,800 started for him in 2007. Boulder Valley Velodrome will Boulder “It has been a dream project for offer cycling coaches to its mem- 8 J.P. Morgan Chase Bank NA 2950 Pearl St., Bank branch $3,000,000 an architect. How many times do bers, Banta said. Boulder you get to work on a velodrome.” “We’re two guys with a dream 9 Walnut Street 1109 LLC 1109 Walnut St., Nightclub/bar $2,300,000 Boulder Beal said. “(Banta’s and Emerson’s) who are finally putting it together,” 10 Cole CA Portfolio LLC 575 S. McCaslin Blvd. Restaurant $2,233,400 enthusiasm for this project is mind- Banta said. “We want to create a Louisville boggling, and it’s infectious.” culture where everybody out there Building a track outdoors has has a good time.” Source: SKLD 1A 1A MERCURY
A Special Publication of the Boulder County Business Report Section D 100 May 25-June 7, 2012 Fast companies The Boulder County Business Report presents its annual list, Mercury 100 Fastest-Growing Private Companies, the top 50 with annual revenue of more than $2 million and the top 50 with less than $2 million based on percent increase from 2009 to 2011. To make the list, a private company must have its headquarters in Boulder or Broomfield counties. Albeo Technologies Inc. Hanover Financial Services
MICHAEL MYERS JONATHAN CASTNER Jeff Bisberg, chief executive of Boulder-based Albeo Technologies Inc., holds one of Ron Blekicki, CEO and president of Hanover Financial Services, grew the Boulder- the company’s light-emitting diode, or LED, systems. Albeo’s revenue growth earned based financial consulting firm’s revenue 290 percent, good enough for the No. 1 it the No. 1 spot on the Boulder County Business Report’s Mercury 100 list of fastest- spot on the Boulder County Business Report’s Mercury 100 list of fastest-growing growing private companies based in Boulder and Broomfield counties with annual rev- private companies in Boulder and Broomfield counties reporting annual revenue enue of more than $2 million. The company’s revenue increased to nearly $10.6 million, of less than $2 million. Hanover Financial reported $1.5 million in revenue in 2011 a 427 percent increase from the $2 million the company recorded in 2009. compared with $385,000 in 2009.
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2D | May 25- June 7, 2012 Boulder County Business Report | www.bcbr.com Albeo shines bright light on sales LED lighting system Albeo Technologies Inc. 2108 55th St., Suite 100 maker tops Merc 100 Boulder, CO 80301 720-407-4960 BY MICHAEL DAVIDSON www.albeotech.com [email protected] Jeff Bisberg, chief executive Employees: 35 BOULDER — Even in tough times, Primary service: Light-emitting diode (LED) there always will be companies with lighting systems. bright futures. Founded: 2004 That has proved to be the case for Albeo Technologies Inc., a Boulder- based company that designs and manu- sive, too. Not long ago, equipping a factures light-emit- workspace with LED fixtures cost about ting diode, or LED, MERCURY six times as much as traditional options. lighting systems. Now, the multiplier is down to three, 2011 proved to 100 making the difference much easier to be a very big year MICHAEL MYERS offset with electric bill savings. Jeff Bisberg, chief executive of Boulder-based Albeo Technologies Inc., holds one for Albeo. The While the construction and renova- of the company’s light-emitting diode, or LED, systems. Albeo’s revenue growth company’s revenue tion market remains affected by the 1 earned it the No. 1 spot on the Boulder County Business Report’s Mercury 100 list increased to nearly recession, green building is a growing REVENUE of fastest-growing private companies based in Boulder and Broomfield counties $10.6 million, a MORE THAN market share, Bisberg said. with annual revenue of more than $2 million. more than 51 per- $2 MILLION Even with Albeo’s growth, there’s a cent increase from chance the company’s days on the Mer- 2010 sales of $7 million and a 427 per- $8 million through investment from rapidly advancing while the cost is drop- cury 100 list are nearing the end. With cent increase from the $2 million the venture capitalists and a debt financing. ping. The quality of the light that LED venture capital on board, the company company sold in 2009. Albeo also has been racking up industry systems produce has improved, and could be destined for an IPO or a take- Albeo’s growth earned it the No. 1 awards, including a recent award spon- Albeo is able to improve the efficiency over from a larger competitor. spot on the Boulder County Business sored by the U.S. Department of Energy of its products by 30 percent every year. Bisberg declined to go into specifics Report’s Mercury 100 list of fastest- for being the industry’s best high-bay LED systems are steadily gaining about that, but he said he would like growing private companies based in lighting option. market share over traditional fluorescent to see more IPOs for the clean-tech Boulder and Broomfield counties with Jeff Bisberg, Albeo Technologies’ and halogen systems. industry. annual revenue of more than $2 million. CEO, said the surge is “a perfect storm” “LED is the first technology people “We think there’s a need for clean- Albeo’s momentum carried over into of several factors. think about now,” Bisberg said. tech companies on the public mar- this year, when it announced it has raised The first is that the technology is The technology is getting less expen- ket,” Bisberg said.
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Boulder County Business Report | www.bcbr.com May 25 - June 7, 2012 | 3D Success tastes sweet at Justin’s Nut Butter Treats made healthier Justin’s Nut Butter LLC without losing flavor 2438 30th St. Boulder, CO 80301 BY BETH POTTER 303-449-9559/303-449-9559 [email protected] www.justinsnutbutter.com Justin Gold, founder/chief executive BOULDER — Justin Gold, the Lance Gentry, president “Justin” in Justin’s Nut Butter LLC, Employees: 10 Primary service: Makes nut butters, peanut recently did some research at a choco- butter cups and candy bars. late plant in Pittsburgh, the town Founded: 2004 where he grew up. The 34-year-old founder of Justin’s was thinking about some of the pos- er’s Market in 2004 to his current sible new treats his company might strategy to build a platform of prod- make to add to its ucts aligned around nut butters and current success MERCURY health. The company took a gamble with nut butters, when it rolled out its organic peanut peanut butter 100 butter cup product several years later, cups and a new, but that also has done well, Gold said. Snickers-style “It’s a dream come true for me.” candy bar 2 The company also was helped by But Gold REVENUE Whole Foods Market Inc (Nasdaq: hasn’t only been MORE THAN PETER WAYNE WFMI), which loaned it $100,000 thinking about $2 MILLION President Lance Gentry, left, and founder/CEO Justin Gold have taken Justin’s Nut in October 2010, following a loan of confectionary Butter on a “rocket ship ride” of growth. $50,000 in 2007. Both loans were items. He’s now paid back in full. thinking about how he may brand Justin’s growth also has helped his company to become more like the Boulder County Business Report’s said. “We have had a lot of success contract manufacturer food company Amy’s Kitchen, a mostly frozen-food Mercury 100 list of fastest-growing identifying things that I love and Fresca Foods in Louisville grow, said vegetarian products company in Peta- private companies in Boulder and making them healthier without com- Liz Myslik, executive vice president of luma, California. Broomfield counties reporting rev- promising on taste. That formula has marketing and sales at Fresca. Contract Justin’s revenue grew 378 percent, enue of more than $2 million. proven extremely successful for us.” workers at Fresca make all of the Justin’s from $2.3 million in 2009 to $11 “A lot of our growth is taking prod- Gold calls the company’s success a nut butters as well as the fillings for the million in 2011. That rapid growth ucts that consumers already love and “rocket ship ride,” from his start sell- peanut butter cups and the recently put the company in the No. 2 spot on making them better for you,” Gold ing nut butter at the Boulder Farm- released Snickers-style candy bar.
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4D | May 25- June 7, 2012 Boulder County Business Report | www.bcbr.com SurveyGizmo meets the challenges of growth
BY MICHAEL DAVIDSON [email protected] SurveyGizmo 4888 Pearl East Circle BOULDER — Just because you’ve Boulder, CO 80301 built a thriving company doesn’t mean 800-609-6480 you get to relax. www.surveygizmo.com That’s one of the lessons the 50 Christian Vanek, cofounder and CEO employees of SurveyGizmo and its chief Employees: 50 executive, Christian Vanek, are learning. Primary service: Web tool for online surveys. SurveyGizmo’s software helps users, Founded: 2006 primarily consulting agencies and busi- ness marketers, create online surveys municating within a growing company and polls. is a challenge. It also is one of the pain The company, which incorporated points on which SurveyGizmo is look- as Widgix LLC in ing to capitalize as it enhances its offer- 2006, has seen rev- MERCURY ings this year. enue grow 173 per- SurveyGizmo is working to add tools cent over the past 100 that encourage and aid collaboration two years, from to its suite of features. It enables the $1.9 million in opinions of users or customers to spread 2009 to $5.2 mil- 3 through the company and not be “siloed” lion in 2011. REVENUE in a single department. That is enough MORE THAN PETER WAYNE “Your entire company can discuss the to place Sur- $2 MILLION Christian Vanek is learning what it takes to make the transition from founder to surveys in a very social way,” Vanek said. veyGizmo No. chief executive at Boulder-based SurveyGizmo. SurveyGizmo also is working to 3 on the Boulder make sure it presents fresh, interesting County Business Report’s Mercury 100 challenges to employees. The company list of fastest-growing private companies set of challenges. for them to be involved in every issue has started to let small teams of devel- in Boulder and Broomfield counties with “We had figured out what we do, and decision. opers dedicate time to projects of their more than $2 million in annual revenue. how to do it well, and who our cus- “I’m trying to make the switch from a own devising. It’s an idea pioneered It’s an achievement that “never gets tomers are, and we really grew,” Vanek founder’s mentality to a CEO’s mental- by Google, and SurveyGizmo hopes old,” Vanek said, and he should know. said. “Now there are a whole new set of ity. Both personally and as a company, it leads to new features and projects, This is SurveyGizmo’s third time near lessons to learn.” it’s been a real change for us,” Vanek said. Vanek said. the top of the list. Many of those lessons touch on the “Once you get to 50 employees, it’s not The company’s long-term vision is to SurveyGizmo mastered the chal- often problematic issues founders face the same game.” develop other software suites it can sell lenges startups face, but now it has a new after their companies grow too large Employees have learned that com- alongside SurveyGizmo.
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Boulder County Business Report | www.bcbr.com May 25 - June 7, 2012 | 5D
MICHAEL MYERS David Kasnic, president of Checkers Industrial Products LLC in Broomfield, said targeting the mining industry helped his company survive the recession. Checkers made right moves during downturn Controlling costs kept safety-product maker safe
BY ELIZABETH GOLD Checkers Industrial [email protected] Products LLC BROOMFIELD — Coming out of 620 Compton St. an economic crisis with more than the Broomfield, CO 80020 essential office furniture still in place 720-890-1187/720-890-1191 www.checkersindustrial.com indicates a great deal of luck or a great David Kasnic, president deal of business savvy. Employees: 140 For Checkers Industrial Products Primary service: Manufactures industrial LLC, success safety products, including wheel chocks, cable points to the lat- protectors and safety flags. ter, according to MERCURY Founded: 1989 David Kasnic, president. 100 The company, founded in 1989, as well as consumer confidence came manufactures 4 back in 2009, according to Kasnic. industrial safety REVENUE “We started to make money at that products used pri- MORE THAN time on the inventory we had.” marily by the min- $2 MILLION Focusing 40 percent of the com- ing, oil and gas and pany’s business on the mining indus- entertainment industry as well as the try, Checkers grew as the price and federal government and military. demand for precious metals increased. From producing warning whips that “They might add 10 more trucks to increase visibility of off-road vehicles keep expenses down,” he said. “And and speed bumps that keep traffic in the more trucks and activity in the check to wheel chocks that add extra mines means the more wheel chocks hold to vehicle tires and goggle retainers and warning whips they’ll need.” to secure protective eyewear to head- He referred to the Mine Safety and gear, Checkers has made it through the Health Administration as similar to recession with flying colors. the Occupational Safety and Health Checkers’ revenue grew 138 per- Administration in terms of regulat- cent, from $12.6 million in 2009 to ing safety procedures for the mining $29.9 million in 2011. The growth industry. places Checkers at No. 4 on the Boul- As a manufacturer of equipment der County Business Report’s Mercu- that meets and sometimes exceeds ry 100 list of fastest-growing private MSHA’s safety specifications, Checkers companies in Boulder and Broomfield has a secure seat at the table that serves counties reporting annual revenue of growing industries such as mining. more than $2 million. A shot in the arm for the company “Coming out of 2008, we were came in February 2011 when Tonka down 25 percent so we tightened our Bay Equity Partners took an equity buckle and focused on controlling stake in Checkers, joining with cur- costs,” Kasnic said. rent management to provide capital In 2009, the company followed for growth. the course many organizations took Since then, Checkers has acquired to make it through by downsizing. three more companies and continues The Broomfield-based manufacturer to focus on further acquisitions, organic decreased its workforce from 120 to 80. growth and international sales. Demand for Checkers’ products Checkers now employs 140 people. 6A 6A
6D | May 25- June 7, 2012 Boulder County Business Report | www.bcbr.com
MICHAEL MYERS Dave Videon, left, vice president, and Tom Hanchin, president of CCX, run a busi- ness that started in a 400-square-foot space and has grown to require 30,000 square feet. CCX’s workforce as strong as its cables
Company proud to say CCX CORP. it never left the U.S. 1399 Horizon Ave. Lafayette, CO 80026 303-666-5206/303-666-4918 BY HEATHER McWILLIAMS www.ccxcorp.com [email protected] Tom Hanchin, president Dave Videon, vice president LAFAYETTE — Fueled by dedi- Employees: 150-180 cated employees, Lafayette-based Primary service: Fiber-optic cables, wire har- CCX Corp. has been propelled to ness, SCSI cables. explosive growth in recent years. Founded: 1996 “This is definitely all because of our employees,” said the company’s success. Tom Hanchin, MERCURY “One of the things we’re most proud president and of is we have low employee turnover,” chief executive of 100 Hanchin said, with the majority of CCX Corp., Con- employees working for CCX for more nection and Cable than a decade — people such as Amy Experts. 5 Wimmer, CCX Corp.’s director of The company REVENUE sales. manufactures MORE THAN “She was our second employee, and custom cables — $2 MILLION she was very instrumental in helping such as fiber-optic, us grow the company,” he said. A clear wire-harnesses and internal SCSI set of expectations and a good work cables — for large original-equipment environment keeps employees around, manufacturers such as those in the he said. medical, telecommunications and “It’s a very positive attitude,” aerospace industries. Hanchin said. “We’re all in this togeth- CCX started in 1996 with 400 er, and there is never any finger point- square feet of office space and now ing.” operates out of a 30,000-square-foot While many companies trumpet manufacturing facility. It employs the return of their manufacturing between 150 and 180 full-time work- facilities to the United States, Hanchin ers, including manufacturing employ- said, CCX is proud to say it never left. ees, managers and a sales team. A “We’ve always worked hard to keep full staff of engineers works closely our manufacturing here whenever pos- with clients and their engineering sible,” he said. A dedication to efficien- teams to design custom cable prod- cy keeps CCX Corp.’s manufacturing ucts, Hanchin said. process trim and allows the company Revenue growth of nearly 130 to offer competitive pricing. percent, from $9,074,832 in 2009 to CCX Corp.’s growth recently accel- $20,818,250 in 2011, placed CCX erated when several loyal customers Corp No 5 on the Boulder County were purchased by larger companies Business Report’s Mercury 100 list and passed on additional work to of fastest-growing private companies CCX. based in Boulder and Broomfield coun- Hanchin expects growth to con- ties reporting more than $2 million tinue at 15 percent to 20 percent a year annually. for the next five years. He expects the Hanchin points to a CCX history need for additional engineers at the of retaining quality workers as a key to company, as well. 7A 7A
Boulder County Business Report | www.bcbr.com May 25 - June 7, 2012 | 7D
EKS&H would like to congratulate the nominees and winners of the Boulder County Business Report’s Mercury 100 Fastest Growing Private Companies. ank you for inspiring trust in our business community.
To learn more about EKS&H’s philosophy of serving others and building trust, please call us at 303.740.9400 or visit online at www.eksh.com. 8A 8A
8D | May 25- June 7, 2012 Boulder County Business Report | www.bcbr.com BUSINESS MERCURY 100 FASTEST-GROWING PRIVATE REPORT LIST COMPANIES (Companies based in Boulder and Broomfield counties reporting annual revenue more than $2 million, ranked by percent revenue change from 2009 to 2011.)
Percent Growth Company Revenue 2011 No. of local employees Phone/Fax Person in charge RANK Address Revenue 2009 Products/Services No. of local locations Website Year founded ALBEO TECHNOLOGIES INC. 426.74% Developer and marketer of patent-protected, white light- 35 720-407-4960/720-407-4965 Jeff Bisberg, CEO 2108 55th St., Suite 100 $10,577,000 emitting diode (LED) lighting systems for industrial and 1 www.albeotech.com 2004 1 Boulder, CO 80301 $2,008,000 commercial applications.
JUSTIN'S NUT BUTTER LLC 378.26% Justin’s produces nut butters, peanut butter cups and 10 303-449-9559/303-449-9559 Justin Gold, Founder/ 2438 30th St. $11,000,000 candy bars using ingredients found as locally and 1 www.justinsnutbutter.com CEO 2 Boulder, CO 80301 $2,300,000 sustainable as possible. 2004
SURVEYGIZMO 173.02% Online survey software for creating custom-branded 50 800-609-6480/425-920-8175 Christian Vanek, CEO 4888 Pearl East Circle $5,160,000 online surveys, questionnaires or online forms. Providing 1 www.surveygizmo.com 2006 3 Boulder, CO 80301 $1,890,000 survey features and customer support.
CHECKERS INDUSTRIAL PRODUCTS LLC 137.89% Manufactures industrial safety products, including wheel 85 720-890-1187/720-890-1191 David Kasnic, 620 Compton St. $29,915,000 chocks, cable protectors and safety flags. 1 www.checkersindustrial.com President 4 Broomfield, CO 80020 $12,575,000 1989
CCX CORP. 129.41% Fiber-optic cables, wire harness, SCSI cables. 150 303-666-5206/303-666-4918 Tom Hanchin, 1399 Horizon Ave. $20,818,250 1 www.ccxcorp.com President 5 Lafayette, CO 80026 $9,074,832 1996
ZAYO GROUP LLC 129.17% Provides bandwidth infrastructure services over regional 140 303-381-4683/N/A Dan Caruso, CEO, 400 Centennial Parkway, Suite 200 $287,235,000 and metropolitan fiber networks, enabling customers to 2 www.zayo.com President 6 Louisville, CO 80027 $125,339,000 transport data, voice, video and Internet traffic. 2007
CERES TECHNOLOGY GROUP INC. 128.94% Mitel exclusive business partner specializing in VoIP 22 303-573-8647/303-440-6964 Lloyd Brady, President 2985 Sterling Court, Suite A $2,500,000 phone solutions, digitial phone solutions, hospitality 1 www.cerestech.com Darrin LeBlanc, Owner 7 Boulder, CO 80301 $1,092,000 solutions and telephony systems. 1993
SPARKFUN ELECTRONICS LLC 128.89% Online store that sells the bits and pieces to make 138 303-284-0979/303-443-0048 Nathan Seidle, CEO 6175 Longbow Drive $25,145,160 electronics projects possible. 1 www.sparkfun.com Trevor Zylstra, COO 8 Boulder, CO 80301 $10,985,500 2003
OSKAR BLUES BREWERY LLC 120.89% Restaurant, brewpub and brewery. 191 303-776-1914/303-684-9021 Dale Katechis, Owner 1800 Pike Road, Unit B $23,301,098 3 www.oskarblues.com 1997 9 Longmont, CO 80501 $10,548,713
EXPRESS EMPLOYMENT PROFESSIONALS LLC 109.74% Human resource services including office/industrial 8 303-678-1608/303-678-1615 G. Todd Isaacson, 700 Ken Pratt Blvd., Suite 109 $5,133,324 staffing, human resources consulting/training and Web- 1 www.expressboulder.com Owner 10 Longmont, CO 80501 $2,447,443 based payroll. 2001
AVERY BREWING CO. 109.44% Family-owned and operated microbrewery. 58 303-440-4324/303-786-8790 Adam Avery, President 5763 Arapahoe Ave. $11,000,000 1 www.averybrewing.com 1993 11 Boulder, CO 80303-1350 $5,252,000
SHIPCOMPLIANT INC. 93.15% Wine and spirit industry provider of automated 31 303-449-5285/720-528-7942 Jason Eckenroth, CEO, 1877 Broadway, Suite 703 $4,187,600 compliance software to distribute their products legally 1 www.shipcompliant.com Founder 12 Boulder, CO 80302 $2,168,000 and efficiently within the U.S. 2000
LEFT HAND BREWING CO. 91.83% Craft-beer brewer. 53 303-772-0258/303-772-9572 Eric Wallace, Co- 1265 Boston Ave. $8,951,578 1 www.lefthandbrewing.com founder 13 Longmont, CO 80501 $4,666,372 1993
INTELA LLC 82.35% International performance-based online lead generation. 50 303-473-0000/N/A 2006 1881 9th St., Suite 102 $31,000,000 1 www.intela.com 14 Boulder, CO 80302 $17,000,000
CAMP BOW WOW LLC 73.65% National pet-care franchise providing day and overnight 22 720-259-2932/N/A Heidi Ganahl, CEO 8820 W. 116th Circle, Unit D $7,413,000 dog camps, in-home services and training in 39 states. 1 www.campbowwow.com 2000 15 Broomfield, CO 80020 $4,268,978
GORILLA LOGIC INC. 69.81% Provides custom enterprise application development 60 303-974-7088/303-484-3466 Stu Stern, CEO, 1500 Pearl St., Suite 300 $9,000,000 services to software-driven organizations. Creator of 1 www.gorillalogic.com President 16 Boulder, CO 80203 $5,300,000 automated open source testing tools. 2002
MD-IT LLC 67.84% Medical documentation software and service designed 40 720-932-6262/720-932-6348 Tom Carson, CEO, 4940 Pearl East Circle, Suite 100 $28,700,000 specifically for physician offices and ambulatory clinics. 1 www.md-it.com President 17 Boulder, CO 80301 $17,100,000 2000
BLUE POPPY ENTERPRISES INC. 66.94% Chinese medical research, textbooks, herbal products, 12 303-447-8372/303-245-8362 Bruce Staff, General 1990 N. 57th Court, Unit A $3,950,385 acupuncture needles and treatment room supplies. 1 www.bluepoppy.com Manager 18 Boulder, CO 80301 $2,366,387 1981
ANCO ENGINEERS INC. 66.67% Testing of materials, equipment and structures: seismic 15 303-443-7580/303-443-8034 Paul Ibanez, President 1965-A 33rd St. $2,000,000 and vibration testing and analysis; custom vibration test 1 www.ancoengineers.com 1971 19 Boulder, CO 80301 $1,200,000 systems; servo-electric and hydraulic shake tables and energy management consulting. ROBERT W. BAIRD & CO. 66.67% Wealth management, public finance, investment 8 303-786-7240/303-786-7234 Shawn Smith, Branch 1301 Canyon Blvd., Suite 220 $2,500,000 banking, equity research, institutional sales and trading, 1 www.rwbaird.com Office Manager, SVP 20 Boulder, CO 80302 $1,500,000 private equity and asset management. 1919
THE CAIN TRAVEL GROUP INC. 62.51% Complete corporate-travel management, discount vendor 55 303-443-2246/303-443-4485 Linda Cain, CEO 2990 Center Green Court $110,100,000 negotiations, integrated expense management software 1 www.caintravel.com Michael Cain, 21 Boulder, CO 80301 $67,750,000 and data management and consolidation. President 1985 BOLDER STAFFING (BSI) AND BOLDER 57.66% Specializing in temporary, temp-to-hire, direct and 16 303-444-1445/303-444-1645 Jackie Osborn, PROFESSIONAL PLACEMENTS (BP2) $7,276,383 contract hire for administrative, skilled labor, executive, 1 www.bsihires.com President, CEO 22 350 Interlocken Blvd., Suite 106 $4,615,245 management, engineering, IT and professional positions. 1992 Broomfield, CO 80021 DTJ DESIGN INC. 56.70% Architecture, planning and landscape architecture for 38 303-443-7533/303-443-7534 Mike Beitzel, 3101 Iris Ave., Suite 130 $5,139,900 residential, resort and mixed-use environments. 38 www.dtjdesign.com President, Director of 23 Boulder, CO 80301 $3,280,000 landscape architecture 1988 WORKWELL OCCUPATIONAL MEDICINE LLC 56.01% Workers compensation injury care, physical therapy, 16 303-702-1612/303-774-7899 Steve Pottenger, CEO 205 S. Main St., Suite C $4,341,852 ergonomics, functional capacity evaluation, pre- 2 www.workwelloccmed.com 1997 24 Longmont, CO 80501 $2,783,112 employment physical examinations, drug and alcohol testing, corporate and occupational health. QSC SYSTEMS INC. 53.03% Contract manufacturing. 28 303-651-7786/303-651-9982 Richard Gall, President 630 S. Sunset St. $2,552,474 1 www.qscsystems.com 1990 25 Longmont, CO 80501 $1,667,935 Researched by Mariah Gant
Source: Business Report Survey 9A 9A
Boulder County Business Report | www.bcbr.com May 25 - June 7, 2012 | 9D BUSINESS MERCURY 100 FASTEST-GROWING PRIVATE REPORT LIST COMPANIES (Companies based in Boulder and Broomfield counties reporting annual revenue more than $2 million, ranked by percent revenue change from 2009 to 2011.)
Percent growth Company Revenue 2011 No. of local employees Phone/Fax Person in charge RANK Address Revenue 2009 Products/Services No. of local locations Website Year founded CLOUD 9 LIVING LLC 51.86% Gift company offering memorable experiences as 10 303-443-8777/866-524-1481 John Augst, President 4999 Pearl East Circle, Suite 102 $3,681,438 gifts; more than 1,800 experiences nationwide. 1 www.cloud9living.com 2005 26 Boulder, CO 80301 $2,424,220 AMADEUS CONSULTING INC. 46.09% Consulting services include lead generation, 80 720-564-1231/720-367-5467 Lisa Calkins, CEO, 1995 N. 57th Court, Suite 200 $6,848,503 conversion analytics and overall management of 1 www.AmadeusConsulting.com President 27 Boulder, CO 80301 $4,687,947 an online marketing presence. 1994 WALLAROO HAT CO. 42.84% Importer and distributor of crushable, packable, 10 303-494-5949/303-245-8720 Lenya Shore, Co- 1880 S. Flatiron Court, Suite E $3,758,000 washable fabric sun hats with ultraviolet 1 www.wallaroohats.com Owner 28 Boulder, CO 80301 $2,631,000 protection for men, women and children. 1999 ST. VRAIN MANUFACTURING INC. 41.81% Precision Machining of Space Flight Hardware for 31 303-702-1529/303-702-1534 Bob Bergstrom, 819 S. Lincoln St. $3,714,084 aerospace. 2 www.stvrainmfg.com President 29 Longmont, CO 80501 $2,619,017 1995 ROOM 214 INC. 41.71% Social media and digital marketing solutions for 30 303-444-9214/303-736-4377 James Clark, Founding 3390 Valmont Road, Suite 214 $2,383,236 iconic brands and companies. 1 www.room214.com Partner 30 Boulder, CO 80301 $1,681,743 Jason Cormier, Founding Partner 2004 WHITESTONE CONSTRUCTION SERVICES INC. 39.33% Commercial renovation and tenant-finish projects. 15 303-661-0613/303-661-0895 Bob Bosshart, 1930 Central Ave., Unit C $3,957,180 Specializing in projects in occupied facilities: 1 www.whitestone-construction.com President 31 Boulder, CO 80301 $2,840,083 laboratories, offices, retail, restaurants. 1994 OMNI PROMOTIONAL LLC 37.36% Banners, tents, flags, inflatables, point-of-sale 36 303-443-8595/N/A Michael Doland, 1558 Cherry St. $7,902,042 and event materials. 1 www.omnipromo.com President/Managing 32 Louisville, CO 80027 $5,752,724 Member Dave Skiffich, General manager 1994 RADIOMETRICS CORP. 35.29% Microwave radiometers for atmospheric and 23 303-449-9192/303-786-9343 Dick Rochester, CEO 4909 Nautilus Court North, Suite 110 $4,600,000 terrestrial remote sensing. 1 www.radiometrics.com 1987 33 Boulder, CO 80301 $3,400,000 DATA NETWORK GROUP INC. 35.06% Computer consulting firm specializing in 18 303-447-8398/303-442-8946 Michael Perkins, 5777 Central Ave., Suite 100 $2,431,000 outsourced IT solutions for small- to mid-size 1 www.DNGnet.com President 34 Boulder, CO 80301 $1,800,000 companies along the Front Range. 1997 S.M. STOLLER CORP. 34.48% Technical consulting and engineering. 215 303-546-4300/303-443-1408 Nicholas Lombardo, 105 Technology Drive, Suite 190 $160,032,000 1 www.stoller.com President 35 Broomfield, CO 80021 $119,000,000 1959 KRISCHE CONSTRUCTION INC. 33.86% New office and retail construction, restaurants, 47 303-776-7643/303-776-9598 V. Mark Pilkington, 605 Weaver Park Road $19,571,413 historical renovations and educational/ 1 www.krischeconstruction.com Owner, President 36 Longmont, CO 80502 $14,620,423 governmental facilities. 1987 SARGENT BICKHAM LAGUDIS LLC 30.66% Investment management and financial counsel. 20 303-443-2433/303-443-0254 Brad Bickham, CEO, 1801 13th St., Suite 208 $3,808,500 1 www.sargentbickham.com Partner, Owner, CFA, 37 Boulder, CO 80302 $2,914,750 CFP 1988 VERMILION INC. 29.96% Integrated marketing, brand strategy, graphic and 29 303-443-6262/303-443-0131 Robert Morehouse, 3055 Center Green Drive $2,961,360 interactive design, social media, broadcast, print, 1 www.vermilion.com CEO 38 Boulder, CO 80301 $2,278,675 and online advertising, identity and packaging. 1982 MOUNTAINSIDE MEDICAL LLC 29.24% Contract manufacturing for medical products. 105 303-222-1260/303-222-1270 Pete Neidecker, 6165 Lookout Road $12,731,000 3 www.mountainsidemed.com Executive Vice 39 Boulder, CO 80301 $9,851,000 President 2006 ACCENT ELECTRICAL SERVICES CORP. 25.58% Electrical contractor. 40 303-466-8966/303-466-8955 Donna Neddeau, 7223 W. 118th Place, Unit L $5,400,000 1 www.accentes.com President 40 Broomfield, CO 80020 $4,300,000 2003 BIG RED F RESTAURANT GROUP 25.43% Jax Fish House, Zolo Grill, Centro Latin Kitchen & 300 303-448-9182/303-939-9277 Dave Query, Chef, 1928 Pearl St. $19,458,292 Refreshment Palace, Bitter Bar, Lola Coastal 5 www.bigredf.com Founder 41 Boulder, CO 80302 $15,512,916 Mexican and The West End Tavern. John Bachman, Director of Operations 1994 A SPICE OF LIFE CATERING SERVICES 25.00% Catering for weddings, corporate events and 130 303-443-4049/303-443-1138 David Rubin, General 5541 Central Ave., Suite 272 $3,500,000 deliveries at any venue of your choice. 2 www.aspiceoflife.com Manager 42 Boulder, CO 80301 $2,800,000 Dan Bruckner, Director of Operations 1988 APPLIEDTRUST INC. 21.61% IT consulting services focused on infrastructure, 23 303-245-4545/303-245-4510 Trent Hein 1033 Walnut St. $3,804,000 security and opensource. 1 www.appliedtrust.com Ned McClain, Co- 43 Boulder, CO 80302 $3,128,000 founders 2001 BOLDER CALLS 18.07% Services include lead generation, appointment 160 303-415-9830/303-415-9025 Vic Weese, President 3220 Prairie Ave. $4,515,000 setting, membership renewals, product sales and 1 www.boldercalls.com 1992 44 Boulder, CO 80301 $3,824,000 customer ups PHARMACA INTEGRATIVE PHARMACY INC. 16.05% Combines pharmacy services and over-the- 103 303-442-2304/303-442-4605 Mark Panzer, CEO, 4940 Pearl East Circle, Suite 301 $94,000,000 counter medications with natural health and 3 www.pharmaca.com President 45 Boulder, CO 80301 $81,000,000 beauty products, delivered by licensed health- 2000 care practitioners. HYDE ENGINEERING + CONSULTING INC. 15.56% Biopharmaceutical, pharmaceutical, biofuel and 21 303-530-4526/303-581-0839 John Hyde, Chairman 6260 Lookout Road, Suite 120 $15,870,000 medical device engineering consulting services. 1 www.hyde-ec.com and Founder 46 Boulder, CO 80301 $13,733,320 1993 SILL-TERHAR MOTORS INC. 15.05% Ford, Lincoln, Mercury, Mazda, Volvo, Jaguar and 144 303-469-1801/720-284-0791 Jack TerHar, President 150 Alter St. $94,657,316 Aston Martin sales, parts and service. 1 www.sthmotors.com Beau Smith, Vice 47 Broomfield, CO 80020 $82,273,975 President 1960 BOULDER NISSAN INC. 7.89% Automotive sales. 34 303-443-8110/303-444-5469 Jason Purdum 2285 28th St. $2,681,987 1 www.bouldernissan.com Ted Christiano, 48 Boulder, CO 80301 $2,485,919 General Managers 1994 SAFE SYSTEMS INC. 6.48% Commercial and residential burglar and fire alarm 58 303-444-1191/303-449-0370 Larry Halpern, Owner, 421 S. Pierce Ave. $6,974,518 company providing sales, installation service and 1 www.safe-systems.com President 49 Louisville, CO 80027 $6,550,312 monitoring of alarm systems. 1982 HOUSING HELPERS LLC 6.36% A real estate and relocation services company 25 303-545-6000/303-545-6537 Stephanie Iannone, 2865 Baseline Road $4,264,532 providing integrated housing solutions for 1 www.housinghelpers.com Owner 50 Boulder, CO 80303-2311 $4,009,626 corporations and individuals. 1987 Researched by Mariah Gant
Source: Business Report Survey 10A 10A
10D | May 25- June 7, 2012 Boulder County Business Report | www.bcbr.com Blekicki finds niche as financial matchmaker
Business consultancy Hanover Financial Services 6388 Clearview Road, Suite 100 increases revenue 290% Boulder, CO 80303 303-494-3617/303-494-3568 BY BETH POTTER www.hanoverfinancialservices.com [email protected] Ronald J. Blekicki, president Employees: 3 BOULDER — Business consultant Primary service: Consulting and financial Ron Blekicki and his firm, Hanover services work with small- and medium-size Financial Services, have taken advan- companies. tage of turmoil in the financial world Founded: 1984 to grow rapidly in recent years. MERCURY From focus- “direct opposite” of venture capital ing on demands 100 investment help, in which investors for capital from typically take stakes in companies, sit new social media on company boards, and work with companies to gen- 1 JONATHAN CASTNER them directly. erating more busi- REVENUE Ron Blekicki, president of Hanover Financial Services in Boulder, attributes his Blekicki said Hanover educates cli- ness in Europe, LESS THAN company’s success to “knowing capital sources and clients whom they can help ents about opportunities they can take Blekicki said his $2 MILLION finance, and we have stayed connected to unconventional funding sources.” to market themselves on social media Boulder-based sites, and with online advertising and company with three employees con- practically anyone, so it’s difficult for a mandate on investing in renewable publishing. tinues to grow. some of our competitors to morph energy companies, with a promising In 2011, Hanover was No. 2 on Hanover Financial Services’ reve- with this economy.” start-up renewable energy firm. the Mercury 100 list. At that point, nue grew 290 percent, from $385,000 As its competitors languish, “Part of the key to our success is Blekicki said he was able to match in 2009 to $1.5 million in 2011, good Hanover often has been able to pick knowing capital sources and clients equity-based investors with clients, enough for the No. 1 spot on the Boul- up more business, Blekicki said. The whom they can help finance,” Blekicki taking referrals from investment bank- der County Business Report’s Mer- funding guru said he has more than said. “And we have stayed connected ers, hedge funds, private equity groups cury 100 list of fastest-growing private 25 years of experience working with to unconventional funding sources.” and similar long-term relationships in companies in Boulder and Broomfield companies that need debt and equity- Blekicki has an unofficial network the financial industry. counties reporting annual revenue of funding strategies. As just one exam- around the world of noncontrolling Blekicki said he helped Boulder less than $2 million. ple of how Hanover might work in equity-based investors who are will- metalworking company Dynamic “Being a business consultant is an today’s financial world, Blekicki said he ing to take positions in companies and Materials Corp. go public, and former incredibly competitive space,” Blekicki might be able to match up a large pen- help them grow. He characterizes his Parker oil exploration company Gulf- said. “Banks refuse to lend money to sion fund with $5 billion to invest and consulting help with companies as the star Energy Corp. to be acquired.
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Boulder County Business Report | www.bcbr.com May 25 - June 7, 2012 | 11D Electrifying e-commerce powers Voltage
Agency helps rebrand Voltage Advertising & Design a wide range of clients 901 Front St., Suite B115 Louisville, CO 80027 BY DALLAS HELTZELL 303-664-1687 [email protected] www.voltagead.com Eric Fowles, owner, CEO LOUISVILLE — Eric Fowles Employees: 12 always has been a man on a mission — Primary service: Branding and identity, web and interactive, print design and packaging. whether it’s the two years he served Founded: 2008 as a Mormon missionary in Paraguay, his role as father of six children, or MERCURY his time behind national brands such as European out- the wheel of The 100 door-equipment brands FjallRaven Beast, a white and HanWag, and even a few quirky 15-passenger clients such as Big Chill, manufactur- van he uses as a 2 ers of retro appliances. recruiting tool to REVENUE He developed a typeface that won bring young new LESS THAN MICHAEL MYERS a certificate of excellence from the talent into his $2 MILLION Owner Eric Fowles embraces a highly charged philosophy at Voltage Advertising & New York Type Directors Club, and growing four-year- Design in Louisville, where, he said, “doing good work just leads to more work.” will offer it in Voltage’s new font store, old business, Voltage Advertising & Voltage Limited. Design. Fowles, 38, graduated from Brigham That sense of purpose has helped growth. “Doing good work just leads merce team to provide creative strat- Young University in Provo, Utah, with him propel Voltage to No. 2 on the to more work,” he said. “We’re not an egy, design and deployment of e-blasts, a degree in graphic arts and a clearly Boulder County Business Report’s aggressive, oversell business. We take banner ads, online marketing and on- defined set of values. Mercury 100 list of fastest-growing little steps at a time. But each one of site creative,” Fowles said. Voltage “My faith absolutely has an influ- private companies based in Boulder those small steps has been a big step has redesigned Reebok’s e-commerce ence on our business,” he said, “the and Broomfield counties that report for us.” website, which will launch at the end way we treat people, clients, and the annual revenue of less than $2 million. One of those little steps was a digi- of July. office environment. I hope our agency Voltage reported a 179 percent tal partnership with Colorado Springs The list of major rebranding cli- is different in the fact that family is increase in revenue from $287,000 in agency Vladimir Jones. ents is long: Major accounts such as very important, and even though we 2009 to $801,000 in 2011. Some bigger steps are taken in Ree- Centura Health and Smashburger, do have tough deadlines, we believe a Fowles credits doing “honest, bok shoes. local players such as Xcel Energy and proper balance is needed to be creative straightforward business” for that “We partner with their e-com- Boulder-based Cloud 9 Living, inter- and keep a positive work environment.
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12D | May 25- June 7, 2012 Boulder County Business Report | www.bcbr.com Osmosis architecture takes artful approach
Firm in Niwot establishes osmosis art and reputation as go-to experts architecture Inc. 290 Second Ave. Niwot, CO 80544-1024 BY VALERIE GLEATON 303-652-2668 [email protected] www.osmosisarchitecture.com Anne Postle, AIA, owner, principal NIWOT — The last few years have Employees: 7 been big ones for osmosis architec- Primary service: Architecture: custom residen- ture. Three years ago, the firm – then tial, office and retail. called Olson Architecture – opened Founded: 1994 the osmosis art gallery in its stu- dio space after a MERCURY Cementing osmosis’ position in the neighboring gal- design world is the recognition Postle lery closed. Last 100 received at the National Association September, the of Home Builders National Sales and firm changed its Marketing Awards in February. The name to osmosis 3 firm won the Architectural Design art and architec- REVENUE JONATHAN CASTNER Gold Award for “One of a Kind Home” ture to reflect its LESS THAN Anne Postle, founder and president of osmosis art and architecture Inc., (formerly for Panorama Point, a residence in integration with $2 MILLION Olson Architecture), changed the company’s name in September to reflect its inte- Louisville. the gallery. gration with an art gallery. Postle predicts more building And this year, the firm received a activity as the economy continues to prestigious award from the country’s with annual revenue less than $2 mil- establish themselves as experts. recover. largest competition for home sales and lion. “Builders want to know what buy- “The market was hit so hard dur- marketing professionals. “The housing market is definitely in ers want, and we want to be the go-to ing the recession — we’re seeing a lot It’s been a financially successful recovery now,” said Anne Postle, osmo- firm for that information,” Postle said. of that pent-up demand coming out three years, as well. sis’ founder and president. “We’ve been “What buyers are looking for today is now.” The firm’s revenue grew from steadily gaining new clients and seeing completely different from what they Postle said osmosis will also con- $203,774 in 2009 to $544,037 in repeat business from past clients.” wanted five years ago. Our clients tinue to give back to the community. 2011, an increase of 167 percent, good But the newly improved economy are interested in things like energy The firm recently donated design plans for No. 3 on the Boulder County Busi- can’t take all the credit for the compa- efficiency, multigenerational housing, for three homes for female veterans in ness Report’s Mercury 100 list of fast- ny’s success. Postle and her employees and making sure that every detail of a Denver. One has been completed, and est-growing private companies based (five for the architecture firm and two home works for them. They don’t want the other two are slated for construc- in Boulder and Broomfield counties for the art gallery) have worked hard to to waste money anywhere.” tion this year. Smart move ups revenue for DevelopIntelligence Software training firm DevelopIntelligence LLC switches to custom classes 706 Front St. HEATHER McWILLIAMS Louisville, CO 80027 [email protected] 303-395-5340 www.developintelligence.com LOUISVILLE — In an industry Kelby Zorgdrager, president stocked with instructors taking an Employees: 5 off-the-shelf approach to training, Primary service: Custom software develop- ment training. Louisville-based DevelopIntelligence Founded: 2003 LLC stepped out-of-the box to tread a fresh path that has led to off-the-hook growth. “We’re a software development using an array of software applica- training company, tions, something a pre-made training and our primary MERCURY program linked to a certain software focus is help- or company doesn’t permit. ing teams adopt Quality instructors energized new technology,” 100 growth, too. said Kelby Zorg- “We call them practitioners,” Zorg- JONATHAN CASTNER drager, president drager said. “They go through a rather Kelby Zorgdrager, president of Louisville-based DevelopIntelligence LLC, said busi- of DevelopIntel- 4 lengthy, five-step interview process,” ness began picking up when the software development training company decided to ligence. The com- REVENUE including teaching sample lessons. LESS THAN offer custom approaches to helping teams adopt new technology. pany, founded in $2 MILLION Most practitioners split their time 2003, originally between software development and provided pre- ized training class provides differen- of fastest-growing private companies teaching, he said. The practitioners designed training, but shifted its focus tiated instruction for the employee based in Boulder and Broomfield write books and attend conferences a few years ago. expected to produce code using a new counties reporting annual revenue in their field. The company currently “In 2009, we put this stake in the technology versus the manager inter- less than $2 million. employs a core staff of five people ground saying we were going to do ested in the concept and impact a new “It’s a better profit margin, and we with 30 practitioners across the U.S. this fully customized approach ... it’s technology will have on a project. get to do a better job because we can and a couple in Canada and Europe, been a big contributor to our success,” The change resulted in reve- customize the training to the cus- Zorgdrager said. Zorgdrager said. nue growth of 141 percent, from tomer,” Zorgdrager said. DevelopIn- DevelopIntelligence plans contin- DevelopIntelligence now creates $256,000 in 2009 to $617,000 in telligence largely serves Fortune 100 ued growth in coming months with customized classes around clients’ 2011. The growth places DevelopIn- companies throughout the country expansion into the mobile computing needs, he said, on software tools such telligence No. 4 on the Boulder Coun- such as Apple, Motorola and Yahoo. A and cloud computing space, Zorg- as Java, JBoss and Apache. A custom- ty Business Report’s Mercury 100 list customized approach supports clients drager said. Boulder County Business Report | www.bcbr.com May 25 - June 7, 2012 | 13D Elements’ clients go where they’re kneaded
Business thrives amid Elements Therapeutic the mecca of massage Massage LLC 2321 30th St. BY DALLAS HELTZELL Boulder, CO 80301 [email protected] 303-440-3998 www.touchofelements.com/boulder BOULDER — “Boulder is the epi- Mark Mills, Kate Mills, co-owners center of massage in the country,” Employees: 16 according to Mark Mills. If he can Primary service: Therapeutic, sports, deep-tis- make it there, he’d make it anywhere sue, Swedish relaxation, hot-stone and prenatal — but he’s making massage, injury rehabilitation. Founded: 2009 it there. Mark Mills and MERCURY wife, Kate, opened ments to 20 to 25 clients a week. Elements Thera- 100 He and Kate decided to develop a peutic Massage co-op studio with many therapists — LLC. in 2009. and Kate’s skill as an interior decora- It s reve nue 5 tor. She had attended the University grew 125 percent REVENUE JONATHAN CASTNER of Colorado-Boulder and wanted to from $200,000 LESS THAN Elements Therapeutic Massage has been a labor of love for Mark and Kate Mills, return. Boulder’s reputation made it that year to $2 MILLION who met in 2000 where she was teaching at a private school in New Hampshire the perfect choice, and the Millses $450,000 in 2011, and he was a sailing coach. They moved to Boulder five years later. found a perfect location to be visible ranking it No. 5 on the Boulder Coun- to a health-conscious, literate clientele: ty Business Report’s Mercury 100 list said, describing his “very rigorous” Hit by a car in 1991, Mills suffered near Whole Foods, Vitamin Cottage of fastest-growing private companies four-step interview process. a broken back. “The doctors were and Barnes & Noble. in Boulder and Broomfield counties Mills’ hiring process might appear all doom and gloom,” he recalled. “I “I can go a little lighter on market- reporting annual revenue of less than easy compared with what he described looked to alternative therapies. I was ing, because of my visibility,” Mills $2 million. as the job’s “physically and emotion- back on my feet and running in six said, adding that 90 percent of his From four therapists and two front- ally draining” demands. A licensed months, and it changed my life com- advertising is done on social media desk staffers at the start, it has 12 massage therapist’s average career is pletely.” and nearly 40 percent of his new-client therapists and four receptionists today six or seven years, he said. However, Lured by the benefits of massage base comes from referrals. — and Mills wants to hire more. driven by his tenacity and passion as a and trading high stress for working in His “grand vision” is for two or three Because Boulder massage custom- competitive endurance runner, Mills, “a dark, warm room with soft music,” more studios, including one in Port- ers’ expectations are so high, “We’re 58, has been giving massages for nearly Mills opened a practice in New Hamp- land, Maine.BOULDER VALLEY But to Mills, “Boulder is very fussy about who we hire,” Mills 22 years. shire where he gave 1- to 2-hour treat- the big leagues.”
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Boulder Valley MD: Provides comprehensive listings of: & • 1,500+ clinics based in Boulder & Broomfield Counties • 2,000+ physicians with practices in Boulder & Broomfield counties Direct-mailed to: • Top executives & managers of more than 3,500 of the Boulder Valley’s leading companies Reach a healthy market Available to consumers at: • Major hospitals in the Boulder Publishes September 2012 Valley • Select medical facilities and The Boulder County Business Report is pleased to produce its 9th annual Boulder Valley MD, featuring editorial physician offices throughout Boulder & Broomfield counties on recent trends in the health-care & wellness sector. The Medical & Wellness Directory provides residents and • Retail locations serving health- business owners with direct access to the names and practices of Boulder Valley health-care professionals. conscious consumers Call 303-440-4950 to reserve 303-440-4950 | www.BCBR.com your advertising space 14D | May 25- June 7, 2012 Boulder County Business Report | www.bcbr.com BUSINESS MERCURY 100 FASTEST-GROWING PRIVATE REPORT LIST COMPANIES (Companies based in Boulder and Broomfield counties reporting annual revenue less than $2 million, ranked by percent revenue change from 2009 to 2011.)
Percent Growth Company Revenue 2011 No. of local employees Phone/Fax Person in charge RANK Address Revenue 2009 Products/Services No. of local locations Website Year founded HANOVER FINANCIAL SERVICES 289.61% Specializes in working with small- to medium-sized 3 303-494-3617/303-494-3568 Ronald Blekicki, CEO, 6388 Clearview Road, Suite 100 $1,500,000 businesses to produce innovative business development 1 www.hanoverfinancialservices.com President 1 Boulder, CO 80303 $385,000 strategies. 1984 VOLTAGE ADVERTISING & DESIGN LTD. 179.09% Branding and identity, Web and interactive, print design 14 303-664-1687/N/A Eric Fowles, Owner 901 Front St., Suite 340 $801,000 and packaging. 1 www.voltagead.com 2008 2 Louisville, CO 80027 $287,000 OSMOSIS ARCHITECTURE INC.1 166.98% Architecture: custom residential, production residential, 7 303-652-2668/303-652-2717 Anne Postle, AIA, 290 Second Ave. $544,037 office and retail. 1 www.osmosisarchitecture.com Owner, Pricipal, 3 Niwot, CO 80544-1024 $203,774 Architect 1994 DEVELOPINTELLIGENCE LLC 141.02% Open-source technologies and software development 5 303-395-5340/303-395-5340 Kelby Zorgdrager, 706 Front St. $617,000 languages and processes. 1 www.developintelligence.com President 4 Louisville, CO 80027 $256,000 2003 ELEMENTS THERAPEUTIC MASSAGE INC. 125.00% Therapeutic massage, injury rehabilitation, sports and 16 303-440-3998/N/A Mark Mills, Owner 2321 30th St. $450,000 deep-tissue massage, hot stone, Swedish relaxation 1 www.touchofelements.com/boulder Kate Mills, Owner 5 Boulder, CO 80301 $200,000 massage, prenatal massage. 2009 TRANSFORMANCE ADVISORS INC. 90.13% Strategy development and lean supply-chain consulting 5 720-565-9549/N/A Mike Loughrin, CEO 2150 Orchard Ave. $512,419 and education. 1 www.transformanceadvisors.com 2003 6 Boulder, CO 80304 $269,516 CUSTOM SOLAR LLC 82.41% Commercial, residential and municipal solar electric (PV) 12 303-859-8597/303-379-6543 Richele Mein, Owner 2840 Wilderness Place, Suite F $1,200,000 and solar thermal engineering, design and installation. 1 www.CustomSolar.us Willie Mein, Owner / 7 Boulder, CO 80301 $657,855 Manager 2008 BOULDER DOG FOOD CO. LLC 80.89% Gourmet dog and cat food and treats. 13 303-449-2540/303-443-0155 Ed Withers, Co-owner P.O. Box 4417 $584,033 1 www.boulderdogfoodcompany.com 2002 8 Boulder, CO 80306 $322,872 UPSLOPE BREWING CO. 74.66% Craft beer. 15 303-449-2911/N/A Matt Cutter, Founder 1501 Lee Hill Road, No. 20 $1,275,000 1 www.upslopebrewing.com 2008 9 Boulder, CO 80304 $730,000 IMULUS LLC 68.66% Interactive design and .Net, iOS, and Rails application 12 303-247-0550/303-247-0084 Scott Hooten 3005 Sterling Circle, Suite 201 $1,383,317 development. 1 www.imulus.com George Morris 10 Boulder, CO 80301 $820,173 John Skufca, Co- owners 2002 BELT COLLINS WEST LTD. 66.58% Drainage and flood control modeling and design; utility 8 303-442-4588/303-786-8026 David Love, President; 4999 Pearl East Circle, Suite 100 $1,374,275 design including stormwater, sanitary and water, road 1 www.beltcollins.com Principal Engineer 11 Boulder, CO 80301 $825,000 design, construction management, mined land 1985 reclamation; wetland delineation. COLORADO CAPITAL MANAGEMENT INC. 65.35% Investment management, financial planning. 5 303-444-9300/303-444-2027 Steven Ellis, President 4430 Arapahoe Ave., Suite 120 $1,050,000 1 www.coloradocap.com 2000 12 Boulder, CO 80303 $635,000 HUSKY SIGNS & GRAPHICS INC. 61.22% A 3M-certified company offering design, print and 4 303-442-8262/720-563-0099 Mark Johnson, 7340 Valmont Road $661,000 installation of vehicle wraps and fleet-side advertising. 1 www.huskysigns.com Principal Partner, 13 Boulder, CO 80301 $410,000 Commercial sign solutions for retail and corporate. Creative Director 1989 BOLDER VISION OPTIK INC. 60.00% Polarization control devices, UV-NIR wavelengths 5 303-440-3327/303-440-0929 Roberto Gonzalez, CEO, 4730 Walnut St., Suite 102 $1,200,000 covering all applications utilizing polarizer, waveplates 1 www.boldervision.com President 14 Boulder, CO 80301 $750,000 (retarders) and liquid crystal devices. 1994 BKMEDIA GROUP INC. 59.18% Full-service design and production studio offering 10 303-651-2203/303-651-6964 Bradley Moss, Creative 202 Main St., Suite 3 $435,341 creative solutions for print, web, exhibits and branding. 1 www.bkmediagroup.com Director, Founder 15 Longmont, CO 80501 $273,485 2001 BLUESTONE MARKETING INC. 52.54% Branded apparel programs, business gifts, promotional 2 303-527-0900/303-530-2434 Tom Bagli, President 720 Hawthorn Ave. $810,000 products. 1 www.aiabluestone.com 2002 16 Boulder, CO 80304 $531,000 OPERATOR INTERFACE TECHNOLOGY INC. 50.00% Manufactures rugged keyboards and keypads. 9 303-684-0094/303-684-0062 Robert Nolan, President 650 Weaver Park Road $900,000 1 www.oitkeypad.com 1993 17 Longmont, CO 80501-6000 $600,000 WISHGARDEN HERBS INC. 48.01% Medicinal herbal supplements. 23 303-516-1803/303-516-1804 Catherine Hunziker, 3100 Carbon Place, Suite 103 $1,563,000 1 www.wishgardenherbs.com Owner, President 18 Boulder, CO 80301-6134 $1,056,000 Samuel Hunziker, General Manager 1979 ROCKY MOUNTAIN DAY CAMP LLC 47.80% Summer day camp for boys and girls. 25 303-495-5204/303-482-2764 David Hansburg, P.O. Box 270608 $290,708 2 www.rockymtndaycamp.com Owner, Manager 19 Louisville, CO 80027 $196,696 2008 PARALLEL PATH CORP. 45.45% Develops and deploys complete Internet marketing 15 303-396-1111/N/A Brian Cleveland, CEO 1637 Pearl St., Suite 201 $1,600,000 campaigns using the entire online toolset: search, 1 www.parallelpath.com 2005 20 Boulder, CO 80302 $1,100,000 display, social, mobile and local. BSC SIGNS INC. 44.78% Design, permitting, manufacture, installation and 20 303-464-0644/303-464-0608 John Dobie, President/ 6970 W. 116th Ave., Unit C $1,467,164 servicing of commercial, electric and architectural signs. 2 www.bscsigns.com CEO 21 Broomfield, CO 80020 $1,013,343 Full fabrication facilities. 1999 1-800-GOT-JUNK? LLC 42.44% Full-service junk hauler. 4 303-827-5573/N/A Lillianne Wallace, 2635 Mapleton Ave., No. 23 $230,771 1 www.1800gotjunk.com Owner 22 Boulder, CO 80304 $162,010 2005 FASTFRAME OF BOULDER INC. 36.33% Provides custom picture framing, ready made frames, 3 303-448-1000/303-448-1001 Kim Obert, Owner 2327 30th St. $315,485 mounting, matting and local artist exhibits. 1 www.boulderfastframe.com Paul Obert, Owner 23 Boulder, CO 80301 $231,420 2002 ADVENTURES WITHIN REACH INC. 32.81% Adventure travel. 4 303-325-3746/N/A Robin Paschall, Owner 1200 Pearl St., Suite 60 $1,471,590 1 www.adventureswithinreach.com 2000 24 Boulder, CO 80302 $1,108,000 WILD ROSE MARKETING INC. 30.70% Marketing firm made up of brokers representing 4 303-448-9556/303-448-9762 Rose Pierro, Owner P.O. Box 21276 $430,000 specialty foods with a focus on organic, sustainable and 1 www.wildrosemarketing.com 1996 25 Boulder, CO 80308 $329,000 natural products. Researched by Mariah Gant 1 Formerly Olson Architecture Inc. Source: Business Report Survey Boulder County Business Report | www.bcbr.com May 25 - June 7, 2012 | 15D BUSINESS MERCURY 100 FASTEST-GROWING PRIVATE REPORT LIST COMPANIES (Companies based in Boulder and Broomfield counties reporting annual revenue less than $2 million, ranked by percent revenue change from 2009 to 2011.)
Percent Growth Company Revenue 2011 No. of local employees Phone/Fax Person in charge RANK Address Revenue 2009 Products/Services No. of local locations Website Year founded BEDFORD WEALTH ADVISORS 29.41% Investment advisory, estate and wealth planning, 1 303-499-8800/303-499-7300 Gary Bedford, Ch.F.C., 7850 Edelwiess Court $550,000 retirement strategies. 1 www.garybedford.com CIMA, M.A. 26 Boulder, CO 80303 $425,000 1982 TRIDENT ENERGY SERVICES INC. 28.01% Energy consulting, engineering and strategic planning. 3 303 247-0193/303 247-0194 John Canfield, 1430 Nelson Road, Suite 204 $537,468 1 www.tridentenergy.com President 27 Longmont, CO 80501 $419,851 1999 JACQUE MICHELLE LLC 27.50% Clothing, jewelry, gifts and accessories. 12 303-786-7628/303-417-0755 Janet Taffet, Owner 2670 Broadway $1,020,000 1 www.jacquemichelle.com 1984 28 Boulder, CO 80304 $800,000 SQUEEGEE CLEAN INC./ BLUE SKY WINDOW 26.40% Specializes in construction and remodel window cleaning 4 303-661-0430/303-926-9591 Chris O'Leary CLEANING CO. $152,000 as well as commercial and residential. 1 www.squeegeecleanboulder.com Megan O'Leary 29 P.O. Box 668 $120,249 1986 Lafayette, CO 80026 CATAPULT PR-IR 25.23% Helps technology companies establish market positions 8 303-581-7760/303-581-7762 Terri Douglas, Founder 6560 Gunpark Drive, Suite C $1,044,925 through strategic positioning and messaging, media 1 www.catapultpr-ir.com Guy Murrel, Founder 30 Boulder, CO 80301 $834,396 relations, social media and community building. 1999 INSIGHT DESIGNS WEB SOLUTIONS LLC 22.77% Full-service interactive agency offering custom digital 14 303-449-8567/303-449-8568 Beth Krodel, Co-owner 2006 Broadway, Suite 300 $1,561,852 and print design, custom application development and 1 www.insightdesigns.com 1999 31 Boulder, CO 80302 $1,272,142 business strategy. HILLCREST GLASS LLC 22.50% Commercial and residential glass. Complimentary design 18 303-776-9511/303-776-3443 Lisa Sklar, President 504 Fourth Ave. $1,960,000 consultations and material selection help always 1 www.hillcrest-glass.com Michael Sklar, COO 32 Longmont, CO 80501 $1,600,000 available. Full showroom. 1969 BOULDER LABS INC. 21.72% Software for inventors, entrepreneurs and scientists. 8 303-652-0725/N/A Robert Gray, President 7105 La Vista Place $1,300,000 1 www.boulderlabs.com 1998 33 Niwot, CO 80503 $1,068,000 OPTIBIKE LLC 20.63% Custom-made, high-performance electric bikes. 11 303-443-0932/N/A Jim Turner, President 3200 28th St. $1,450,000 1 www.optibike.com 1999 34 Boulder, CO 80301 $1,202,000 RDS ENVIRONMENTAL INC. 20.60% Nationwide environmental testing (radon, mold, lead, 5 303-444-5253/303-444-1331 Tammy Linton, 11603 Teller St., Suite A $1,206,000 asbestos); certified radon laboratory. DBA Always Best 1 www.rdsenvironmental.com President 35 Broomfield, CO 80020 $1,000,000 Choice Electrical Inc. 1987 PATENT LAW OFFICES OF RICK MARTIN PC 20.00% Patent, trademarks, copyright, trade secret, licensing and 4 303-651-2177/303-772-3163 Rick Martin, Patent 3341 Larkspur Drive $300,000 litigation. 1 www.patentcolorado.com Attorney 36 Longmont, CO 80503 $250,000 1992 BETTER BACK STORE OF BOULDER INC. 18.18% More than 50 ergonomic office chairs in stock. Wide 2 303-442-3998/303-449-4378 Cynthia Marshall, 1664 30th St. $650,000 selection of lumbar and seat cushions. Also Tempur- 1 www.backstoreboulder.com Owner 37 Boulder, CO 80301 $550,000 Pedic beds and pillows. 1991 REDWOOD LANDSCAPE LLC 18.18% Woodwork, stonework, irrigation, plantscapes, lighting, 20 303-543-7708/303-449-0299 Nathan Kent, Lead P.O. Box 477 $650,000 fountains, maintenance. 1 www.redwoodlandscape.com contractor 38 Longmont, CO 80502 $550,000 Adrian Mondello, Lead contractor 1995 THE LAW OFFICE OF BENNETT BRAVERMAN 16.67% Estate planning, asset protection, planning trust 2 303-800-1588/N/A Bennett Braverman PC $350,000 administration, probate. 1 www.boulderestateplanning.com/bcbr.html N/A 39 1823 Folsom St. $300,000 Boulder, CO 80302 METZGER ASSOCIATES INC. 16.39% Public relations, investor/analyst relations, digital 20 303-786-7000/303-786-7456 John Metzger, CEO 5733 Central Ave. $1,120,044 marketing, social media strategies and programs. 1 www.metzger.com 1991 40 Boulder, CO 80301 $962,348 AMERICAN MOVING & STORAGE LLC 12.12% Local and long distance moving services. 28 303-402-0100/720-863-2164 Gabriel Kierson, 2760 Industrial Lane $1,850,000 2 www.americanmoving.com President 41 Broomfield, CO 80020 $1,650,000 1998 STUDIO NYL STRUCTURAL ENGINEERS INC. 12.00% Structural design of buildings and specialty structures 6 303-558-3145/303-440-8536 Chris O'Hara, Co- 2995 Baseline Road, Suite 314 $560,000 including educational, institutional, commercial, 1 www.studionyl.com founder 42 Boulder, CO 80303 $500,000 residential, resort, historic and structural glass. Julian Lineham, Co- founder 2004 INDRA'S NET INC. 11.11% Colocation, managed hosting, dedicated Internet access, 10 303-546-9151/N/A John Green, Managing 5435 Airport Blvd., Suite 100 $1,000,000 Web hosting and development, programming services, 1 www.indra.com Partner, Vice President 43 Boulder, CO 80301 $900,000 network design and consulting. of Sales and Marketing 1994 GREENBRIAR INN 11.06% Fine-dining restaurant and banquet facility. 33 303-440-7979/303-449-2054 Philip Goddard, 8735 N. Foothills Highway $1,740,000 1 www.greenbriarinn.com Proprietor 44 Boulder, CO 80302 $1,566,791 Emma Goddard, Sales 1967 FREE RANGE GEEKS 10.40% IT outsourcing, support, networking, servers and training. 2 303-438-6972/877-658-2717 David Young, Partner P.O. Box 3118 $191,000 1 www.freerangegeeks.com Vinc Duran, Partner 45 Boulder, CO 80307-3118 $173,000 2000 COAL CREEK PHYSICAL THERAPY LLC 10.40% Sports, orthopedic, spine, auto, work injury, knee, ankle, 8 303-666-4151/303-666-4166 Julie Byrt, Executive 315 South Boulder Road, No. 100 $1,005,902 shoulder, neck, low back, hip, orthotics, women's health, 1 www.coalcreekpt.com Director 46 Louisville, CO 80027 $911,157 TMJ, vertigo, trauma and PTSD. 1999 GREENS POINT CATERING INC. 8.52% Eco-friendly full-service catering; seasonal menus, local 60 303-772-2247/303-772-1502 Donn Nannen, Co- 1240 Ken Pratt Blvd., Suite 3 $1,975,000 produce. 1 www.greenspointcatering.com owner 47 Longmont, CO 80501 $1,820,000 Bridgett Nannen, Co- owner Susie Plank, General Manager 1987 GREEN GIRL RECYCLING SERVICES LLC 5.59% Provides front-door pickup service to restaurants, offices, 9 303-442-7535/303-459-1012 Bridget Johnson, P.O. Box 324 $529,000 small and large commercial sites. Data destruction and 1 www.greengirlrecycling.com Owner 48 Jamestown, CO 80455 $501,000 electronic recycling. 1999 PCD ENGINEERING SERVICES INC. 5.13% Mechanical and electrical engineering, energy analysis, 8 303-678-1108/303-678-1142 Peter D'Antonio, 323 Third Ave., Suite 100 $720,000 facility commissioning, sustainability consulting, green 1 www.pcdengineering.com President 49 Longmont, CO 80501 $684,842 building. 2000 AFFORDABLE CLOSETS LLC 0.47% Functional storage solutions custom designed for all 2 303-527-0331/303-527- 2723 Barbara Stern, 2907 55th St., Suite 7A $430,000 closets, offices, media centers and garage and 2 www.affordableclosets.biz President 50 Boulder, CO 80301 $428,000 everywhere else that needs organization. 2001 Researched by Mariah Gant
Source: Business Report Survey 16D | May 25- June 7, 2012 Boulder County Business Report | www.bcbr.com
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Commercial Vacancy Rates More choices coming Tracked by Xceligent Inc. First quarter 2012 Type Total Vacant Vacancy for tennis enthusiasts (sq. ft.) (sq. ft) Rate Boulder Projects gain steam in Louisville, Boulder Offi ce 8,044,250 734,924 9.1% Flex 5,559,637 451,162 8.1% BY BETH POTTER ship, and we want to make sure the Industrial 4,126,531 165,568 4.0% [email protected] members can get enough court time and lessons.” Broomfi eld LOUISVILLE — For charter Separately, the Rocky Mountain Offi ce 2,522,767 362,544 14.4% member Lisa Reichert, planned clay Tennis Center group has signed an Flex 1,356,115 144,487 10.7% Industrial 3,203,042 367,257 11.5% courts were the clarion call that agreement with the Millennium drew her to join the Rocky Moun- Harvest House hotel to operate Erie tain Tennis Center, slated to be built the 15 courts that make up Har- Flex 19,420 0 0% at 1326 S. 96th St. near Dillon Road vest House Tennis. While financial in Louisville. terms of the deal were not disclosed, Lafayette Reichert is one of about 100 Paluch and the Chitambars will run Offi ce 231,204 20,715 9.0% members eagerly awaiting the new the existing private club at the Har- Flex 907,162 171,047 18.9% tennis club, which recently received vest House along with the teaching Industrial 703,438 3,200 0.5% initial approval from the Louisville facility and related programs. Longmont planning commission for the $3.1 Offi ce 1,128,159 102,056 9.0% million, 13.4-acre site. Flex 8,732,802 420,795 4.8% The club’s building plan could Industrial 5,061,060 757, 865 15.0% get final approval in June from the Louisville City Council, according Louisville to Bill Boothey, general manager Our goal with Offi ce 957,913 115,093 12.0% of Colorado Tennis Facilities LLC, both of these businesses Flex 2,815,851 314,294 11.2% the club’s parent company. About Industrial 2,061,443 50,893 2.5% 25 investors have put in money is to grow the game toward the approximately $2 mil- Superior lion needed to get the club started, and get more people Offi ce 184,009 37,791 20.5% Boothey said. playing tennis. We Total Duke Paluch, 25-year general Offi ce 13,090,990 1,373,123 10.5% manager of Harvest House Tennis know it’s a great game, Flex 19,390,987 1,501,785 7.7% at the Millennium Harvest House Industrial 15,155,514 1,344,783 8.9% Boulder, joins Boothey in heading and it’s great exercise Buildings larger than 10,000 square feet up plans for the Rocky Mountain for people. Tennis Center. Kendall Chitambar, Tracked by CB Richard Ellis First quarter 2012 also from the Harvest House, and Duke Paluch Donna Chitambar are involved. PRINCIPAL, Type Total Vacant Vacancy (sq. ft.) (sq. ft) Rate “It’s exciting to see that they’ll COLORADO TENNIS FACILITIES LLC Boulder offer a more serious platform of ten- Offi ce 5,811,264 679,918 11.7% nis for people who are more serious Industrial 14,129,199 1,511,824 10.7% players,” Reichert said. “The profes- Longmont sionalism they’ll bring to it is a step Offi ce 974,909 128,688 13.2% up for those who enjoy the game.” Industrial 6,058,675 987,564 16.3% Construction is expected to start As part of the Harvest House Buildings larger than 10,000 square feet, excluding government, medical and single tenant owner buildings this summer, and the facility is to be agreement, Rocky Mountain Ten- open by winter. The first phase will nis Center will resurface the tennis include four clay courts and four courts and upgrade the facilities Tracked by economic developers hard courts, which will be covered as well as add new services and First quarter 2012 by tennis “bubble covers” in winter. programs. The group is able to add Type Total Vacant Vacancy In the second phase of develop- excitement for the local tennis com- (sq. ft.) (sq. ft) Rate ment, 19 more courts would be munity by getting involved at Har- Broomfi eld built, including eight smaller courts vest House, Paluch said. Offi ce 6,270,891 909,279 14.5% specifically designed for tennis play- “Our goal with both of these Industrial and Flex 4,892,220 591,959 12.1% ers ages 10 and under. A pool also businesses is to grow the game and Source: Broomfi eld Economic Development Corp. would be built in the second phase, get more people playing tennis,” Longmont Boothey said. In the third phase, Paluch said. “We know it’s a great Offi ce, fl ex and industrial 8,706,294 1,654,196 19.0% six permanent indoor courts would game, and it’s great exercise for be built, for an eventual total of 33 people.” Source: Longmont Area Economic Council tennis courts both indoors and out- Ty Gee, another founder member (includes city of Longmont plus surrounding unincorporated areas of Boulder and Weld counties). doors, Boothey said. of the future Louisville club, com- Club memberships include an mutes 10 minutes from his home in initiation fee cost and monthly dues. Louisville to the Harvest House to The current initiation fee for an play tennis. Across the nation, the Subscribe to the Business Report individual is $665 with month- sport of tennis continues to grow, ly dues of $165, according to the 1A1A Gee said. MANUFACTURING NONPROFITS Precision molding, tooling Boulder County CareConnect firm expands in Longmont celebrates 40 years of service 8A 7A Thousands of Issue 11 | May 11-24, 2012 $1 Volume 31
released a letter firmly rejecting the club website. A family pays $1,575 “These guys are upbeat profes- takeover bid. GeoEye’s bid “undervalues the DigitalGlobe nixes takeovercompany in relation to DigitalGlobe’sbid Firm says GeoEye’s $792 million stand-alone business and financial BY MICHAEL DAVIDSON prospects, and is not in the best [email protected] The bid was for $17 per share, or interests of the company’s stock- gambit ‘undervalues the company’ holders,” DigitalGlobe said in a press LONGMONT — Satellite imag- about $792 million. Inc. (Nasdaq: GEOY), a Herndon, Vir- statement. “In addition, the board ery provider DigitalGlobe Inc. has DigitalGlobe’s board of directors ➤ See DigitalGlobe, 23A ginia-based satellite-imagery company, rejected what the company character- met with its financial and legal advis- announced it was making a takeover bid izes as a hostile takeover attempt by a ers that weekend, and on Sunday for DigitalGlobe (NYSE: DGI), which desperate competitor. News of the company’s decision is headquartered in Longmont. Colorado for the initiation fee and $285 per sionals,” Gee said. “I have no doubt came May 6, two days after GeoEye business leaders CANCER FIGHTERS ranks low Exempla Good Samaritan brings treatment closer to home on tracking incentives Cities in Boulder Valley do better job than state month. The club already has about that they’ll succeed.” BY MICHELLE VENUS [email protected]
A new national report ranks Colo- rado among the nation’s most lax at tracking whether economic incentives translate into jobs — but municipali- ties in Boulder and Broomfield coun- ties seem to be bucking the trend. Economic development is a high priority for municipalities across the nation — in strong financial climates as well as now, when businesses 100 “starter members,” and plans The group previously planned to have weathered the recent economic storms. Attracting new business as well as retaining and helping to grow existing ones requires establishing strong relationships between town . Now MICHAEL MYERS and industry. Businesses may be lured by the Rocky Mountain West’s qual- GET IT ity of life, but once they’ve decided See story, 10A. ➤ See Incentives, 15A
Registered nurse Wendy Bogulsky, who is specially trained in infusion chemotherapy, administers medication to a For the Record ...... 17A patient at Exempla Good Samaritan Medical Center’s new Comprehensive Cancer Center inCONTENTS Lafayette. Awards ...... 19A Manufacturing ...... 8A Health Care Bank Notes ...... 9A Nonprofit Network ...... 21A & Wellness BCBRdaily ...... 2A On the Job ...... 20A Exempla’s Business Digest ...... 19A Product Update...... 21A to get to 175 by the time it opens, build a tennis center near Boulder. Serving Boulder & Broomfield Counties cancer care ...... 10A Visit bcbr.com for breaking news Calendar ...... 20A Publisher’s Notebook .26A Editorial ...... 26A Real Estate ...... 24A Eye ...... 3A
LISTS Plastic and Cosmetic Highest-Paid Surgeons ...... 12A Donna Chitambar said. In 2009, it purchased about 10 acres Executives ...... 16A you can too. “Everything is moving along nice- in unincorporated Boulder County Subscribe today for only $ Newspaper, Book of ly,” Chitambar said. “We do have a at 6400 Arapahoe Road for $3.9 49.97 Lists, Directories, Special Call 303-440-4950 Publications - ALL delivered to substantial amount of members, but million. The group later sold that your door for one low price! we want to control the member- piece of land, Boothey said. Get the paper that will help you succeed in business. 14A 14A
14A | May 25 - June 7, 2012 Boulder County Business Report | www.bcbr.com Rapidly growing companies can get boost new companies. The region also is Boulderite heads known nationally for the efforts of organizers involved in the TechStars division that offers business incubator program, which is funded by more than 50 venture- asset-based loans capital firms and more than 25 indi- vidual “angel” investors in locations BY BETH POTTER around the nation. [email protected] For that reason and others, Colo- rado Business Bank believes there’s BOULDER — Banker Chris a large untapped market for the Randall believes he is in a sweet structured-finance loan program, spot to offer loans to local, would- Simpson said. be borrower companies with assets. “It’s only been in operation for Randall, a Boulderite and a for- four months, and we’ve already mer University of Colorado football booked a significant amount of player, heads the CoBiz’s new struc- assets in the millions, so that’s really tured finance division in Denver, a Chris Randall heads CoBiz’s structured Valorie Simpson is CoBiz’s Boulder exciting,” Simpson said. division of CoBiz Financial (Nas- finance division. market president. Randall previously was a co- daq: COBZ). founder, board member and chief Opened at the end of January, operating officer of MFC Capital the division offers asset-based loans of credit to move forward. has built relationships with the Boul- Funding in Chicago. He is a trustee to rapidly growing companies, While conservative lending rules der Valley’s large number of venture- of the CU Foundation and a Colo- Randall said. The division can use at a traditional bank may not allow capital and private-equity firms. Can- rado native. a company’s accounts receivable, loan approval for such a company, didate companies may be technology CoBiz Financial is a $2.4 billion inventory, equipment and other Randall may decide to approve one related but don’t have to be, he said. financial service that serves com- assets as collateral for loans. — and may require more monitoring Growing manufacturing companies panies in Colorado and Arizona. Three or four companies in the of the loan’s payback terms, he said. also are good candidates as are any in The company has the commer- Boulder Valley have received mil- “This is a creative bank debt the market that have gone through a cial bank arm (Colorado Business lions of dollars in loans since the pro- solution for growing companies or recent sale or a buyout, or are backed Bank and Arizona Business Bank); gram started, said Valorie Simpson, companies coming out of erratic by venture capital, Randall said. a wealth-planning and investment CoBiz’s Boulder market president. earnings coming out of the troubled “These are companies that are arm through CoBiz Wealth Man- Because the bank’s parent company economy,” Randall said. not easily bankable,” Randall said. agement; trust services through is publicly traded, neither Simpson In general, Colorado Business “They’re high growth and higher risk.” CoBiz Trust; property and casu- nor Randall gave specifics of the Bank has been going great guns in Boulder Valley’s reputation as a alty insurance brokerage and companies that have received loans. commercial lending in recent years, place where entrepreneurs can start employee benefits through CoBiz However, for example, Randall with $460 million made in commer- new companies that do well is part Insurance; investment banking said he talked recently to an alterna- cial loans in the first quarter of 2012, of the reason it’s so attractive to services through Green Manning tive-energy company north of Boul- compared with $385 million in loans lenders, Randall said. & Bunch; and executive-benefits der. The rapidly growing company is in the first quarter of 2008, accord- Some Boulder companies are consulting and wealth-transfer financed by a private equity firm, he ing to the bank’s annual report. involved in Startup America, a services through Financial Designs said, but may need a revolving line To find his clients, Randall said he White House initiative to start Ltd.
UTILITY from 1A
David Eves, CEO of Public Ser- demand-side management programs vice Co. of Colorado, which is Xcel XCEL ENERGY ALSO BELIEVES THE PUC SHOULD RULE and exclude them from the solar gar- Energy’s Colorado division, and Boul- now because uncertainty is affecting residents and dens and Windsource programs. der City Manager Jane Brautigam The issue is part of the fallout of discussed the topic at a luncheon developers who would like to participate in the programs. Boulder voters’ approval of two ballot organized by Boulder Tomorrow, a measures that gave the city the author- coalition of businesses, organizations municipalization, Brautigam said. tomers differently. ity to create a municipal utility and and individuals who are concerned Language in the charter will prevent Xcel Energy’s obligation to treat allocated money for additional engi- with the issues that impact quality of it from municipalizing “unless and customers the same remains in place, neering and legal research. Both initia- life and the business climate. until we can provide reliable energy she said. tives passed in November with narrow Xcel Energy in February asked to our customers and do so at a rate The obligation only pertains to majorities. the Colorado Public Utilities Com- comparable to Xcel Energy,” she said. “similarly situated” customers, accord- Boulder officials said they are study- mission to allow it to change four “Can we do that? I don’t know yet, ing to PUC regulations. The possibility ing the feasibility of creating a munici- incentive and demand management and it’s going to take a couple of years that Boulder might end its relationship pal utility and have not decided to go programs. SolarRewards, Windsource to figure out,” Brautigam said. with Xcel Energy means they are no forward. The city has hired an energy and solar garden programs would be If the city decides not to munici- longer similarly situated, Eves said. policy director and retained the services among the affected programs. palize, Boulder residents and business The PUC has asked both sides of law firms specializing in eminent Eves said the company is trying might have lost the chance to partici- whether the issue is ripe for adjudica- domain and utility-regulation cases. to protect customers and investors pate in incentive programs into which tion and has scheduled a June meeting Xcel Energy repeatedly has said from taking a financial hit if Boulder they have paid for years, she said. to decide. It is possible the commis- it is not a willing seller and would decides to form a municipal utility. Brautigam and Eves also discussed sion will decline to make a ruling, fight the city in court and before Xcel Energy also believes the PUC conflicting views about whether Xcel leaving the programs unchanged. regulators to get what it considers to should rule now because uncertainty Energy had the right to treat Boulder The requested modifications be a fair price for its assets and lost is affecting residents and developers differently. would allow Xcel Energy to end its business. Boulder has said it would who would like to participate in the Brautigam cited a letter Xcel Ener- involvement in the SolarRewards pro- condemn the system and take it over programs. gy sent Boulder several years ago gram if the city municipalizes and through the eminent-domain process “There’s a lot of uncertainty about when the two sides were attempting require the new utility to take over if elected officials decided to pursue whether a municipal utility will be to renegotiate a 20-year franchise existing contracts. It also would shift municipalization. formed,” Eves said. agreement. Boulder asked for creation the payment structure for customers Both sides are required by law Brautigam acknowledged that, but of what it considered to be innovative to a “pay-for-performance” model. to attempt to negotiate a fair price drew a different conclusion. programs, but Xcel Energy refused, Additional requests would limit before the eminent-domain case The city’s current charge is to study saying it could not treat Boulder cus- Boulder customers’ eligibility for would proceed through the courts. 15A15A
May 25 - June 7, 2012 | 15A
THE EDGE BOULDER COUNTY BUSINESS REPORT WWW.BCBR.COM FOCUS: XXXXXXX Five common afflictions of sales teams ’ve been a part of many sales objective of any sales meeting should and well-implemented strategy can commissions are reduced, earnings teams in my career, and over and be to increase sales — period. Every be assured of certain death. These capped, or territory removed, they Iover I’ve noticed five common high-performing salesperson who types of companies usually say, “It’s a will feel like that ability has been afflictions that affect them, each attends a meeting will be thinking, huge market, and we can grab some taken away, and the high performers of which reduces morale and sales “Is this meeting making me money, or of it,” but it’s not that simple. The will quickly look for employment performance. They can be found to is my time being wasted?” Powerful sales team will recognize ineffective elsewhere. some degree in most almost every salespeople are self-motivated, and strategy and will lose faith in the Affliction 5: Favoritism. We organization. Smart management they intuitively know if their time is managers who developed it. If the all have favorites in life and that’s teams are aware of these afflictions being wasted. If it is, management is players on a sports team lose faith in normal, but playing favorites with and work to avoid their potentially hurting sales and morale. Wasteful the coaching, the path to winning individuals on a sales team is very destructive impact. Any one occur- or unnecessary meetings also send a will be difficult, if not impossible; the destructive. Salespeople want to rence of these problems will not clear message that same is true with sales teams. Don’t work for companies that keep the necessary hurt the sales effort, but if management let lackluster or nonexistent strategy playing field level for all. If select allowed to progress to extremes, or doesn’t know cause this lack of faith. salespeople are given extra incentives, if multiple conditions exist at once, what needs to To compound the error, compa- special attention, benefits, or favors they can be extremely harmful. be accomplished nies often try special promotions to not afforded others, management is Affliction 1: Wasting sales repre- to increase sales save sagging sales on products that sending a clear message that there is a sentatives’ time. One of the prime — and no good are ill-conceived or supported by privileged class within the team. This afflictions of sales teams is forcing salesperson will poor strategy. Special promotions is one of the best ways to lessen team them to spend time on nonsales tasks, have confidence can be very effective, but manag- spirit, as reps will spend their time for example making accounts receiv- in that type of ers should never call for a pointless trying to move into that special class able collections, managing product GUEST OPINION leadership. The charge of the light brigade. Sending and not trying to close sales. Manag- recalls, or filling out reports that do John R. Treace simple way to the sales team on a promotion in ers can’t buy the loyalty of a team by not directly relate to the sales process. ensure effective support of a poor product or service strengthening a small political power Nonsales management often sales meetings is to develop a state- is a severe tactical error. A successful base within a company. Playing favor- requests that reps perform these ment of strategic intent that includes sales effort hinges on good strategy, ites within a sales team causes prob- tasks, but great care should be taken clear success metrics. This state- and companies that fail in this regard lems for all team members (even the before delegating them to valuable ment will define in specific terms severely handicap their sales teams. favored ones), but keeping the play- salespeople. If you, for instance, what needs to be accomplished and Affliction 4: Capping or reducing ing field level will pay big dividends. divert 5 percent of a sales team’s the metrics needed to determine income. Powerful companies have Wasting time, poor sales meetings, time to managing customer collec- whether the goals set in the meeting managers who do not get envious poor strategy, capping income and tions, you effectively reduce the were accomplished. It takes a deep when large paychecks go to the sales playing favorites are, with few excep- number of feet on the ground by understanding of the business, the force. Managers who are resentful tions, situations to be avoided. They the same amount — and the reverse market, and the competition to write of this often respond to rising sales are destructive to morale and they is true as well. Sometimes it’s nec- an effective statement of strategic income by reducing commissions, lead to poor performance. Effective essary to assign nonsales tasks to intent, and managers who can’t write capping earnings, reducing territo- managers will be careful to avoid these salespeople, but before this is done them need a better understanding of ries, or removing products. These situations, and astute salespeople will it’s worthwhile to audit a company’s the business. The bottom line is that are all practices to be avoided, as bring these practices to the attention sales process to determine whether powerful sales meetings produce sales they destroy morale, which hurts of management for correction. they could be assigned elsewhere. and keep morale high. sales. When it is absolutely neces- Finding as many ways as possible to Affliction 3: Poor strategy. Inef- sary to cap or reduce reps’ earnings, John R. Treace has more than 30 remove unnecessary tasks from the fective marketing or sales strategies it must be done carefully. If it’s done years experience as a sales executive sales team’s shoulders will result in will always negatively impact the carelessly, management will send in the medical products industry. In sales increases that will more than sales team, and this is especially true the message that future earnings for 2010, he founded JR Treace & Associ- pay for the adjustments in duties. for teams selling commodity prod- the sales team have been limited. ates, a sales management consulting Affliction 2: Poor sales meetings. ucts or services. A player with small Powerful salespeople want to lever- business based in Jacksonville, Flor- Another affliction of sales teams is market share who enters a commod- age today’s efforts into greater sales ida. He is a member of the National poor or boring sales meetings. The ity market without a well-defined and income for tomorrow. If their Speakers Association. Five promising bioscience companies given grants
BY BETH POTTER from CU research laboratories and are of Medicine professor and surgeon, and Cancer drug development com- [email protected] making their way forward into the Greg Grudic, a former CU-Boulder pany SuviCa Inc. in Boulder received commercial world,” said David Allen, computer science researcher, received $125,000 from the program. The BOULDER — Five bioscience com- CU’s associate vice president for tech- grants from the program in 2009. company also received program fund- panies that use technology created at nology transfer, in a press statement. OnKure Inc. in Longmont received ing in 2011 and is based on the work the University of Colorado-Boulder Alzheimer’s disease research $250,000 from the program, Guram of CU-Boulder professor Tin Tin Su. have received a total of $825,000 in company AmideBio LLC in Boulder said. The company is developing Two other Boulder companies grants from a state program. received $250,000 from the grant compounds that inhibit cancer cell received funding from the program Helping startup companies to com- program, according to Sonya Guram, growth, based on the work of CU- in fall 2011: Crestone Inc., which mercialize new technology is the idea program manager. The company’s Boulder professor Xuedong Liu. makes antibacterial compounds; and of the state Bioscience Discovery Eval- technology is based on the work Shape Ophthalmics LLC in Aurora Sophono Inc., which makes implant- uation Grant Program. Companies of CU-Boulder associate professor received $150,000 from the program. able hearing devices. that applied for the grants had to show Michael Stowell. The company is developing shape- Since 2002, 80 companies have matching funds to be eligible for the Flashback Technologies LLC in memory polymer-based devices to been formed based on CU intellectual program, which is funded from state Longmont, a company that makes com- deliver medication to the surface of property, according to the CU Tech- gambling revenue and is part of the puter software to test physiological the eye. It is based on the work by CU nology Transfer office, which licenses Colorado Office of Economic Devel- data, received $50,000 from the pro- School of Medicine faculty members research from the university to compa- opment and International Trade. gram. The software is used to predict Malik Kahook and Naresh Mandava nies. Of those, 65 companies continue “These are high-potential, Colora- cardiovascular collapse in emergency and of CU-Denver/CU-Boulder pro- to operate, either on their own or after do-based companies that have emerged situations. Steve Moulton, a CU School fessor Robin Shandas. merging with other companies. 16A 16A
16A | May 25 - June 7, 2012 Boulder County Business Report | www.bcbr.com FOR THE RECORD FARGO BANK, AMOUNT DUE: ATWOOD, CREDITOR: BC SER- 001096. DATE: 4/19/2012 Bankruptcies Foreclosures Judgments $114403. CASE #3218458. 4/25/2012 VICES INC. AMOUNT: $0. CASE DEBTOR: DAVID W BLONDIN, Applications for bankruptcy Includes notices of election Judgments constitute deci- #C-08C1450. DATE: 4/16/2012 BORROWER: JOHN PUTERBAUGH, CREDITOR: POWDERHORN CONDO protection are filed with the and demand filed by credi- sions by a court of law 2516 CONCORD CIR, LAFAYETTE. DEBTOR: ROGER RICKETTS, ASSOC INC. AMOUNT: $17671.5. U.S. Bankruptcy Court in tors alleging default on a against an individual or LENDER: BANK AMERICA, AMOUNT CREDITOR: WOOD SOURCE INC. CASE #D-11CV-000360. DATE: Denver. Chapter 7 denotes debt. Foreclosures are not corporation for payment of DUE: $295768. CASE #3218459. AMOUNT: $6302.89. CASE #C-09C- 4/20/2012 4/25/2012 001686. DATE: 4/17/2012 filings made for liquidation. final until a Public Trustee’s monetary damages. DEBTOR: JAY CASSARA, CREDI- Chapter 11 indicates filings Deed has been issued. BORROWER: JEROME E REIF, DEBTOR: J NOLD MIDYETTE, TOR: HSBC BK NEVADA. AMOUNT: Warranty Deeds for reorganization. Chap- 1610 BLUEFIELD AVE, LONGMONT. CREDITOR: PC SERVICING CO $15482.76. CASE #C-10C-004251. State Tax Liens Transfers property while ter 13 indicates filings that LENDER: CITIMORTGAGE INC, LLC. AMOUNT: $0. CASE #D-2010- DATE: 4/20/2012 Judgments filed against guaranteeing a clear title AMOUNT DUE: $218824. CASE CV-998. DATE: 4/19/2012 enable petitioners to pay off DEBTOR: MARNITA KAUMANS, assets of individuals or free of any encumbrances #3218460. 4/25/2012 their creditors over three to DEBTOR: OMFT LLLP, CREDITOR: CREDITOR: AM EXPRESS CENTURI- businesses with delinquent that are not listed on the BORROWER: YULIANA VIANET & PC SERVICING CO LLC. AMOUNT: ON BK. AMOUNT: $55878.72. CASE five years. taxes. deed. S AGUILARROMERO, 2114 DALEY $0. CASE #D-2010-CV-998. DATE: #D-11CV1872. DATE: 4/20/2012 BD DR, LONGMONT. LENDER: PNC 4/19/2012 JDG This information is obtained from SKLD Information Services. BK, AMOUNT DUE: $198443. CASE DEBTOR: HARVEY BARNETT, DEBTOR: RICK BROOKS, CREDI- #3218830. 4/26/2012 CREDITOR: JUDY & NORMANN TOR: BECT INVEST LLC. AMOUNT: BANKRUPTCIES FILED: 5/1/2012. BORROWER: KENNETH J & JAC- HEUMANN. AMOUNT: $142720.97. $21734.5. CASE #D-12CV-000228. BORROWER: KEITH EDWARD HIN- QUELINE M TAFF, 1365 FLANNAGAN CASE #D-2009CV1142. DATE: DATE: 4/20/2012 FORECLOSURES Boulder County KLE, 1209 DELLA ST, LONGMONT. CT, ERIE. LENDER: BANK AMERICA, 4/20/2012 LENDER: BANK AMERICA, AMOUNT AMOUNT DUE: $247471. CASE DEBTOR: MARIAM SAKILIBA, Boulder County DEBTOR: MANUEL A CORDO- Chapter 7 DUE: $197864. CASE #3216887. #3218831. 4/26/2012 CREDITOR: BRISTOL POINTE HOLD- BORROWER: JIMMY M & JENNIFER VA, CREDITOR: ACBL. AMOUNT: FELICE PETICHA HOYT, 446 CAR- 4/17/2012 INGS LLLP. AMOUNT: $23538.08. E DUNEHEW, 1927 ASHFORD CIR, BORROWER: STEVEN E & JULIE $306. CASE #C-02C-001306. DATE: MEN ST, LOUISVILLE; CASE #2012- CASE #D-11CV-204559. DATE: LONGMONT. LENDER: CITIMORT- BORROWER: TYLER TAAPKEN, PICKUS, 31 DOE TRL, NEDERLAND. 4/25/2012 18268, DATE FILED: 4/24/2012. 4/20/2012 GAGE INC, AMOUNT DUE: $264934. 1632 EGRET WAY, SUPERIOR. LEND- LENDER: JPMORGAN CHASE BANK PAMELA JEAN HERMAN, 12782 CASE #3216049. 4/12/2012 ER: BANK AMERICA, AMOUNT DUE: NATIONAL A, AMOUNT DUE: $98376. Broomfield County DEBTOR: REAL LIFE CAPITAL WOODLAND DRIVE, LONGMONT; $187207. CASE #3217351. 4/19/2012 CASE #3218832. 4/26/2012 DEBTOR: CLINT F CONVERSE, CASE #2012-18307, DATE FILED: BORROWER: CHRISTOPHER CREDITOR: WAKEFIELD ASSOC INC. INC, CREDITOR: FLORIDA MALL 4/25/2012. BERGER, 1103 S GAY DR, LONG- BORROWER: JASYNDA KEYS, 1403 BORROWER: WILLIAM R LEE, 1222 AMOUNT: $402.19. CASE #C-07C- LLC. AMOUNT: $15254.79. CASE MONT. LENDER: AURORA BANK SANBORN PL, LONGMONT. LEND- LANYON LN, LONGMONT. LENDER: 000559. DATE: 4/25/2012 #D-12CV-000977. DATE: 4/20/2012 JUDY RAY CASCO, 278 S TAFT CT, FSB, AMOUNT DUE: $143001. CASE ER: WELLS FARGO BANK, AMOUNT FIDELITY BANK, AMOUNT DUE: LOUISVILLE; CASE #2012-18409, #3216050. 4/12/2012 DUE: $191100. CASE #3217352. $171382. CASE #3218833. 4/26/2012 JUDGMENTS DEBTOR: MARK EKUS, CREDITOR: DATE FILED: 4/26/2012. 4/19/2012 CAPITAL ONE BK USA. AMOUNT: BORROWER: RICHARD & EILEEN Boulder County MONICA MARIA RINALDI, 311 16TH Broomfield County $1097.150. CASE #C-12C-000950. COLLINS, 924 E 4TH AVE, LONG- BORROWER: JAMES B & BOBBIE L BORROWER: JEREMIAH J JOANI- DEBTOR: JONATHAN & THU AVE, LONGMONT; CASE #2012- DATE: 4/23/2012 MONT. LENDER: AURORA BANK BOEVE, 2312 FRONTIER ST, LONG- NO, 12822 KING ST, BROOMFIELD. MAI, CREDITOR: RBS CITIZENS. 18523, DATE FILED: 4/26/2012. FSB, AMOUNT DUE: $136332. CASE MONT. LENDER: PENNYMAC LOAN AMOUNT: $35964.308. CASE LENDER: JPMORGAN CHASE DEBTOR: CRAIG & CRAIG CRAIG #3216051. 4/12/2012 SERVICES LLC, AMOUNT DUE: #D-12CV-000148. DATE: 4/12/2012 CATHERINA PERKINS PRESSMAN, BANK NATIONAL A, AMOUNT DUE: LEVIN, CREDITOR: CAPITAL ONE 1590 TAMARACK AVE, BOULDER; $98695. CASE #3217353. 4/19/2012 BORROWER: CATHERINE C $206508. CASE #4294. 4/11/2012 DEBTOR: STEVE MIKESELL, BK USA. AMOUNT: $1493.85. CASE CASE #2012-18538, DATE FILED: CHILDS, 1887 ORCHARD AVE, BORROWER: ZOETHA AMRI- BORROWER: LELAND D & PAME- CREDITOR: WAKEFIELD ASSOC INC. #C-11C-005075. DATE: 4/23/2012 4/27/2012. BOULDER. LENDER: AURORA BANK TAM, 5216 SUNSHINE CANYON LA K JANSSEN, 754 DEXTER DR, AMOUNT: $1071.400. CASE #C-10C- MARK S KELESKE, 3800 PIKE ROAD FSB, AMOUNT DUE: $1031717. DR, BOULDER. LENDER: US BROOMFIELD. LENDER: JPMOR- 004551. DATE: 4/12/2012 DEBTOR: EMORY FRAKER, CREDI- #18203, LONGMONT; CASE #2012- CASE #3216052. 4/12/2012 BANK NATIONAL ASSOCIATION TOR: LIBERTY ACQUISITIONS SER- GAN CHASE BANK NATIONAL A, DEBTOR: CHRISTOPHER MEYER, 18589, DATE FILED: 4/27/2012. T, AMOUNT DUE: $671013. CASE VICING. AMOUNT: $821.019. CASE BORROWER: ZOETHA S AMRI- AMOUNT DUE: $121361. CASE CREDITOR: CHIPS ROOFING #3217354. 4/19/2012 #C-12C-044048. DATE: 4/23/2012 JOHN HOWARD COX, 705 TAM, 6119 ANDRUS RD, BOUL- #4337. 4/12/2012 LLC. AMOUNT: $7352.93. CASE MEADOWLARK DR, LAFAYETTE; DER. LENDER: JPMORGAN CHASE BORROWER: EDWARD S WAIT- #D-10CV-000022. DATE: 4/13/2012 BORROWER: SANDRA J & DANIEL DEBTOR: SANDY B IAMS, CREDI- CASE #2012-18619, DATE FILED: BANK NATIONAL A, AMOUNT KUS, 1155 WOODLAND CT, BOUL- E PETERS, 4350 CRESTONE CIR, DEBTOR: PLUS FOUR PROP- TOR: LIBERTY ACQUISITIONS SER- 4/27/2012. DUE: $1212467. CASE #3216053. DER. LENDER: AURORA BANK FSB, BROOMFIELD. LENDER: WELLS ERTIES LLC, CREDITOR: AVA- VICING. AMOUNT: $1210.180. CASE 4/12/2012 AMOUNT DUE: $745383. CASE FARGO BANK, AMOUNT DUE: LANCHE FUNDING LLC. AMOUNT: #C-12C-000886. DATE: 4/23/2012 GREGORY ALAN REWERTS, 1465 #3217355. 4/19/2012 ALPINE STREET, LONGMONT; BORROWER: GREGORY A & $259339. CASE #4362. 4/12/2012 $210963.91. CASE #D-11CV-000791. DIANE M REWERTS, 1465 ALPINE DATE: 4/16/2012 DEBTOR: ROBERT D HIGDON, CASE #2012-18646, DATE FILED: BORROWER: ANDREW THOMAS BORROWER: LORI & TODD 4/28/2012. ST, LONGMONT. LENDER: GMAC CREDITOR: ROCKY MOUNT LAW & KELLY LYNN WILLIAMS, 824 LA GRUNEWALD, 419 HIMALAYA CT, DEBTOR: ANTHONY D MOODY, MORTGAGE LLC, AMOUNT DUE: BROOMFIELD. LENDER: GMAC ENFORCEMENT FE. AMOUNT: RICK HODOROWICH, 2855 FARGE AVE, LOUISVILLE. LENDER: CREDITOR: CAVALRY PORTFO- $161814. CASE #3216599. 4/16/2012 $14707.25. CASE #C-2011C68199. WHITETAIL CIRCLE, LAFAYETTE; HSBC BANK USA NATIONAL ASSO- MORTGAGE LLC, AMOUNT DUE: LIO SERVICES LLC. AMOUNT: DATE: 4/23/2012 CASE #2012-18679, DATE FILED: BORROWER: STEPHEN C BURKE, CIA, AMOUNT DUE: $444913. CASE $926103. CASE #4389. 4/13/2012 $1111.170. CASE #C-09C-001926. 4/30/2012. 6453 N 63RD ST, LONGMONT. #3217356. 4/19/2012 DATE: 4/16/2012 BORROWER: TODD ALLEN DEBTOR: MELISSA PATTEE, CRED- LENDER: JPMORGAN CHASE OGBURN, 3519 VESTAL LOOP, INESSA URIEVNA DOUTHIT, 427 BORROWER: TEMPEST A DONNEL- DEBTOR: KAROL J FERRERA, ITOR: PREMIER MEMBERS FED CU. BANK NATIONAL A, AMOUNT DUE: BROOMFIELD. LENDER: BANK BLACKFOOT STREET, SUPERIOR; $494495. CASE #3216600. 4/16/2012 LY, 45 FRONTIER PL, LONGMONT. CREDITOR: WAKEFIELD ASSOC AMOUNT: $8478.46. CASE #C-06C- CASE #2012-18829, DATE FILED: LENDER: COLORADO HOUSING AMERICA, AMOUNT DUE: $316776. INC. AMOUNT: $4931.8597. CASE 000491. DATE: 4/23/2012 4/30/2012. BORROWER: GERALD E KARRE, FINANCE AUTHO, AMOUNT DUE: CASE #4551. 4/17/2012 #C-12C-001111. DATE: 4/16/2012 13183 N 95TH ST, LONGMONT. $146134. CASE #3217357. 4/19/2012 TIMOTHY A & CINDY DEBTOR: NICHOLAS P WIL- CECILIA OROZCOOLIVAS, 1022 BORROWER: DEBTOR: TAE HO & GRACE W LENDER: HSBC BANK USA, LIS, CREDITOR: PREMIER MEM- S GAY STREET, LONGMONT; BORROWER: HECTOR D PEREDA, K HERNANDEZ, 3241 W 134TH AVE, SONG, CREDITOR: REMNANT AMOUNT DUE: $282793. CASE BERS FED CREDIT UNI. AMOUNT: CASE #2012-18907, DATE FILED: 702 FOLKLORE AVE, LONGMONT. BROOMFIELD. LENDER: BANK INVEST LLLP. AMOUNT: $69322.02. #3216681. 4/16/2012 $11647.94. CASE #C-12C-000707. 4/30/2012. LENDER: JPMORGAN MORTGAGE AMERICA, AMOUNT DUE: $149130. CASE #D-12CV-000327. DATE: DATE: 4/23/2012 BORROWER: CAREN BAKER, 364 ACQUISITION, AMOUNT DUE: CASE #4575. 4/18/2012 4/16/2012 CHRISTINE FRANCES PANDYA, MONARCH ST, LOUISVILLE. LEND- $292407. CASE #3217358. 4/19/2012 DEBTOR: ULITIMATE PARTNERS 1630 30TH STREET NO 141, BOUL- BORROWER: ALAN WARDLOW, DEBTOR: KELSEY E EVAVOLD, ER: BANK NEW YORK MELLON COLO SPRING, CREDITOR: WEIN- DER; CASE #2012-18910, DATE 14255 WRIGHT WAY, BROOMFIELD. CREDITOR: CAPITAL ONE BK USA. TRUSTEE, AMOUNT DUE: $188356. BORROWER: JENNY SANTUCCI, GARTEN NOSTAT INC. AMOUNT: FILED: 4/30/2012. LENDER: JPMORGAN CHASE AMOUNT: $2960.96. CASE #C-12C- CASE #3216682. 4/16/2012 446 DICKSON ST, LONGMONT. $85300.50. CASE #D-12CV-001187. BANK NATIONAL A, AMOUNT DUE: 001177. DATE: 4/17/2012 MEGAN ELIZABETH MACDON- LENDER: BANK AMERICA, AMOUNT $318913. CASE #4656. 4/19/2012 DATE: 4/23/2012 NELL, 302 RIVER VIEW CT, LONG- BORROWER: AMY E SCHEIDING- DUE: $117833. CASE #3217359. DEBTOR: SHARLA L FORTIER, DEBTOR: DAVID C SR STAHL, MONT; CASE #2012-18928, DATE WALIGORA, 717 DRIFT PL, LONG- 4/19/2012 BORROWER: JANINE MICHELLE & CREDITOR: US BK. AMOUNT: CREDITOR: COLO ST REVENUE. FILED: 5/1/2012. MONT. LENDER: US BK, AMOUNT M DANIEL SEERY, 4283 BRANDON $6673.94. CASE #C-12C-000421. BORROWER: SUSAN LEDOUX, 1234 AMOUNT: $79703.61. CASE DUE: $143952. CASE #3216683. AVE, BROOMFIELD. LENDER: BANK DATE: 4/17/2012 JEFFREY PRESTON MCCUTCH- 4/16/2012 ATWOOD ST, LONGMONT. LENDER: AMERICA NA SBM, AMOUNT DUE: #D-D72011CV805416. DATE: EON, 2150 FOLSOM ST APT D, PENNYMAC LOAN SERVICES LLC, $255808. CASE #4812. 4/23/2012 DEBTOR: JOHN B PENNINGTON, 4/24/2012 BOULDER; CASE #2012-19176, BORROWER: MARIUSZ MACH- AMOUNT DUE: $159475. CASE CREDITOR: BILLY FROST. AMOUNT: DEBTOR: JOSEPH R MON- DATE FILED: 5/3/2012. ACZKA, 695 MANHATTAN DR #3218056. 4/24/2012 BORROWER: THOMAS J CAP- $200000. CASE #D-00CV-001109. TANTE, CREDITOR: COLO ST APT 106, BOULDER. LENDER: US PELLETTI, 13951 QUAIL RIDGE DR, DATE: 4/17/2012 Chapter 13 BANK NATIONAL ASSOCIATION BORROWER: JIMMIE L & SHARON K BROOMFIELD. LENDER: HSBC REVENUE. AMOUNT: $22827.54. MARY KENNEDY, 1614 GOLDEN T, AMOUNT DUE: $129607. CASE RODELANDER, 1308 LAMPLIGHTER BANK USA, AMOUNT DUE: $504860. DEBTOR: JAMES GARRETT MAR- CASE #D-D72011CV805151. DATE: BEAR DR UNIT A, LONGMONT; #3216684. 4/16/2012 DR, LONGMONT. LENDER: JPM- CASE #4813. 4/23/2012 TIN, CREDITOR: CHARLES H SIM- 4/24/2012 ORGAN CHASE BANK NATIONAL MONS. AMOUNT: $6670.64. CASE CASE #2012-18280, DATE FILED: DEBTOR: LOUISE B FREED, CREDI- BORROWER: JEANNE & CHRIS- A, AMOUNT DUE: $112226. CASE BORROWER: RICHARD S WOOLEY, #C-09C-003714. DATE: 4/17/2012 4/24/2012. TOR: COLO ST REVENUE. AMOUNT: TOPHER GOFFREDO, 636 BROSS #3218057. 4/24/2012 13425 GREEN CIR, BROOMFIELD. MICHAEL DAVID SWAINEY, LENDER: JPMORGAN CHASE DEBTOR: THOMAS & THOMAS A $42740. CASE #D-D72011CV805813. 1804 FOUNTAIN CT, LONGMONT; ST, LONGMONT. LENDER: JPM- ORGAN CHASE BANK NATIONAL BORROWER: ANDREW J & NANCY BANK NATIONAL A, AMOUNT DUE: DENNING, CREDITOR: PORTFOLIO DATE: 4/24/2012 CASE #2012-18556, DATE FILED: D SECKINGER, 633 AMERICANA RD, INVEST EXCHANGE INC. AMOUNT: A, AMOUNT DUE: $237809. CASE $186968. CASE #4814. 4/23/2012 DEBTOR: LOUISE B FREED, CREDI- 4/27/2012. LONGMONT. LENDER: HSBC MORT- $11429.41. CASE #C-12C-001349. #3216685. 4/16/2012 TOR: COLO ST REVENUE. AMOUNT: GAGE SERVICES INC, AMOUNT BORROWER: LEROY & TIFFANY DATE: 4/17/2012 Broomfield County $12740. CASE #D-D72011CV805921. BORROWER: CRISTY J COLEMAN DUE: $264708. CASE #3218058. SAMUELS, 3401 TRAVER DR, DEBTOR: SCOTT THOMAS, DATE: 4/24/2012 Chapter 7 REVOCABLE TRU, MULT PROP, . 4/24/2012 BROOMFIELD. LENDER: JPMOR- CREDITOR: CAPITAL ONE BK USA. HEATHER MARIE SIMON, 12205 LENDER: JPMORGAN CHASE GAN CHASE BANK NATIONAL A, DEBTOR: LARRY J RAHRICH, BORROWER: KEVIN STOUGH, AMOUNT: $7254.61. CASE #C-12C- N PERRY ST #164, BROOMFIELD; BANK NATIONAL A, AMOUNT DUE: AMOUNT DUE: $363898. CASE CREDITOR: COLO ST REV- 603 GLENWOOD DR, LAFAYETTE. 000942. DATE: 4/18/2012 CASE #2012-18361, DATE FILED: $172838. CASE #3216883. 4/17/2012 #4941. 4/26/2012 ENUE. AMOUNT: $14780. CASE LENDER: JPMORGAN CHASE 4/25/2012. DEBTOR: DAVID P ASTROM, CRED- #D-D72012CV800928. DATE: BANK NATIONAL A, AMOUNT DUE: BORROWER: KENNETH D & BORROWER: LOUISE M FORTIN, ITOR: ATLANTIC CREDIT FIN INC. 4/24/2012 ELIZABETH A MUNSON, 1375 E $128110. CASE #3218455. 4/25/2012 ELNORA E GREEN, 355 CORAL ST, 8060 NIWOT RD APT 55, NIWOT. AMOUNT: $13197.29. CASE #C-12C- HOLLY DRIVE, BROOMFIELD; CASE BROOMFIELD. LENDER: GMAC DEBTOR: ADAM & REBECCA LENDER: SUNTRUST MORTGAGE BORROWER: SIMON & EMILIA 001046. DATE: 4/18/2012 #2012-19054, DATE FILED: 5/2/2012. MORTGAGE LLC, AMOUNT DUE: LANDKAMMER, CREDITOR: SPRIN- INC, AMOUNT DUE: $59946. CASE PALOMINO, 500 LASHLEY ST UNIT $205535. CASE #4946. 4/26/2012 DEBTOR: PATRICIA L KEIL, CREDI- GLEAF FIN SERVICES INC. AMOUNT: MICHAEL RAYMOND CHAVEZ, #3216884. 4/17/2012 8, LONGMONT. LENDER: JPMOR- TOR: FIA CARD SERVICES. AMOUNT: $10126.86. CASE #C-12C-000923. 13378 ALCOTT CIR, BROOMFIELD; GAN CHASE BANK NATIONAL A, BORROWER: RICHARD J & C HOLLY BORROWER: DEZMOND NUKUH, $10469.42. CASE #C-12C-001045. DATE: 4/25/2012 CASE #2012-19182, DATE FILED: AMOUNT DUE: $120113. CASE STICKLE, 1034 MCINTOSH AVE, 5/3/2012. 1446 BURLINGTON DR, LONG- BROOMFIELD. LENDER: CITIMORT- DATE: 4/18/2012 MONT. LENDER: BK AM, AMOUNT #3218456. 4/25/2012 DEBTOR: KEVIN WIARDA, CREDI- GAGE INC, AMOUNT DUE: $237322. DEBTOR: STILL RIVER LLC, CREDI- TOR: JUDI LESTA. AMOUNT: $11637. Chapter 13 DUE: $176911. CASE #3216885. BORROWER: STEPHEN EARL CASE #4955. 4/26/2012 TOR: FIBERGRATE COMPOSITE CASE #C-12C-000013. DATE: KURT PHILLIP STURDIVAN, 12251 4/17/2012 BROWN, 1103 HERA CT, LAFAY- STRUCTURE. AMOUNT: $127488.28. 4/25/2012 SUNFLOWER ST, BROOMFIELD; ETTE. LENDER: WELLS FARGO BORROWER: RICHARD M & CASE #D-10CV-002964. DATE: CASE #2012-18496, DATE FILED: BANK, AMOUNT DUE: $85510. CASE RELEASE ALICE L DORMAN, 4993 CLUB- 4/18/2012 DEBTOR: OTOLOGICS LLC, CREDI- 4/26/2012. #3218457. 4/25/2012 OF JUDGMENT HOUSE CT, BOULDER. LENDER: TOR: SA NEURELEC. AMOUNT: DEBTOR: DANIEL E GROVES, RANDALL JULIAN CULLEN, 13729 US BANK NATIONAL ASSOCIATION BORROWER: DENNIS SITON- $250000. CASE #D-08CV-010601. Boulder County CREDITOR: WAKEFIELD ASSOC INC. LEGEND TRAIL UNIT 101, BROOM- T, AMOUNT DUE: $383878. CASE GIA, 981 SIR GALAHAD DR UNIT DATE: 4/26/2012 DEBTOR: KEVIN A & HEATHER AMOUNT: $1373.79. CASE #C-12C- FIELD; CASE #2012-18997, DATE #3216886. 4/17/2012 C, LAFAYETTE. LENDER: WELLS 17A17A
Boulder County Business Report | www.bcbr.com May 25 - June 7, 2012 | 17A FOR THE RECORD
DEBTOR: OTOLOGICSLLC, CREDI- GURI SINGH CO, $312.11, CASE ITE, $3794.06, CASE #3216265, LE, 3125 W 134TH CT Address: 16130 MEEKER WAY, Buyer, Buyer’s Address: ELIZABETH TOR: SA NEURELEC. AMOUNT: #3218712, 4/25/2012. 4/12/2012. Address: 3125 W 134TH CT, BROOMFIELD COLLINS, 13456 VIA VARRA UNIT $1250000. CASE #D-08CV-010601. BROOMFIELD Price: $305000 238 IMRIS INC, $129.0, CASE #3217979, HONDACURRA SERVICE REPAIR DATE: 4/26/2012 Price: $188800 Date Closed: 4/26/2012 Address: 13456 VIA VARRA UNIT 4/23/2012. CORP, $7314.65, CASE #3216207, Date Closed: 4/24/2012 238, BROOMFIELD DEBTOR: JAMES MCMANUS, 4/12/2012. Seller: WILLIAM J & KAREN L SHA- IRONHORSE CONSTR LLC, Price: $208100 CREDITOR: TED & JILL NELSON. Seller: PULTE HOME CORP NAHAN $205.24, CASE #3216744, 4/16/2012. ADAMKULIKOWSKI, $1171.0, CASE Date Closed: 4/16/2012 AMOUNT: $360363.04. CASE Buyer, Buyer’s Address: CYRILLUS Buyer, Buyer’s Address: KAREN L #3218981, 4/26/2012. #D-12CV-000061. DATE: 4/26/2012 JESTERS PERFORMING ARTS LLC, K HUTABARAT, 3406 YALE DR SHANAHAN, 50 CARLA WAY Seller: MICHAEL SHANE & CHRIS- $598.62, CASE #3218710, 4/25/2012. LONGS PEAK TRANSPORT INC, Address: 3406 YALE DR, BROOM- Address: 50 CARLA WAY, BROOM- DEBTOR: JUAN OLIVAS, CREDI- TINE MARIE PAGE $2203.0, CASE #3218979, 4/26/2012. FIELD FIELD TOR: PROFESSIONAL RECOVERY JWH SPORTS LLC, $118.68, CASE Buyer, Buyer’s Address: ROBERT W Price: $450000 Price: $ LONGMONT. AMOUNT: $589.88. #3216456, 4/13/2012. M L INC, $1884.75, CASE #3218968, & ALEXANDRA T SCHNEIDER, 4929 Date Closed: 4/25/2012 Date Closed: 4/26/2012 CASE #C-11C-001817. DATE: 4/26/2012. SILVER FEATHER CIR KARE BEAR GIFTS INC, $692.55, 4/26/2012 Seller: CLINTON F & SHANDRA Seller: BANK WEST Address: 4929 SILVER FEATHER CIR, CASE #3216210, 4/12/2012. ENRIQUEMADRIGAL, $211.29, CONVERSE Buyer, Buyer’s Address: GEORGE BROOMFIELD DEBTOR: CHRISTIAN J & ERIN CASE #3218980, 4/26/2012. LOUISVILLE AUTO SUPPLY INC, Buyer, Buyer’s Address: MELANIE G G & LINDA C CAPAN, 14142 WHIT- Price: $485000 B MALDOFF, CREDITOR: LIB- $0.0, CASE #3216162, 4/12/2012. MRS ENTERPRISES LLC, $1920.41, & JAMES N FRENCH, 14167 ROAR- NEY CIR Date Closed: 4/15/2012 ERTY ACQUISITIONS SERVICING. CASE #3218974, 4/26/2012. ING FORK CIR Address: 14142 WHITNEY CIR, AMOUNT: $887.96. CASE #C-12C- MEIERS MECHANICAL, $2730.97, Seller: KATHRYN A OTTEN Address: 14167 ROARING FORK BROOMFIELD 003582. DATE: 4/26/2012 CASE #3216737, 4/16/2012. NEDICATE, $2433.5, CASE Buyer, Buyer’s Address: TAJ JERRY 472500 #3218969, 4/26/2012. CIR, BROOMFIELD Price: $ MAHABUB, 4485 FAIRWAY LN Broomfield County PATRICIAMONTGOMERY, $0.0, Price: $450000 Date Closed: 4/26/2012 Address: 4485 FAIRWAY LN, CASE #3217035, 4/17/2012. R EATING PLACE INC, $467.08, Date Closed: 4/24/2012 KIMBERLY D SEMER BROOMFIELD CASE #3218714, 4/25/2012. Seller: DEBTOR: SAEID GHAEMI, CREDI- PATRICIAMONTGOMERY, $0.0, Seller: JOSEPH LEWIS WALTUCH Buyer, Buyer’s Address: ZACHARY Price: $950000 TOR: TEAL ROCK HOLDINGS CASE #3217034, 4/17/2012. R T S SONS INC, $1609.0, CASE AND PAMEL M BIDELMAN, 12638 GROVE ST Date Closed: 4/11/2012 LLC. AMOUNT: $62024.23. CASE #3218970, 4/26/2012. Buyer, Buyer’s Address: KENNETH R Address: 12638 GROVE ST, BROOM- #D-10CV-008512. DATE: 4/11/2012 PATRICIAMONTGOMERY, $0.0, Seller: STANDARD PACIFIC COLO- CASE #3217032, 4/17/2012. RM BEDELL ASSOC PC, $616.4, CALES, 16683 ANTERO ST FIELD RADO INC DEBTOR: JOHN H SCHICK, CREDI- CASE #3216461, 4/13/2012. Address: 16683 ANTERO ST, Price: $199000 Buyer, Buyer’s Address: MICHAEL & PATRICIAMONTGOMERY, $0.0, TOR: BC SERVICES INC. AMOUNT: BROOMFIELD Date Closed: 4/26/2012 TINA TOTH, 4736 RAVEN RUN CASE #3217033, 4/17/2012. SAGE AUTOMOTIVE MAN- $0. CASE #C-09C1835. DATE: Price: $275000 Address: 4736 RAVEN RUN, AGEMENT INC, $9340.1, CASE Seller: BANK AMERICA NA SBM 4/16/2012 PAZZA COCINA INC, $0.0, CASE Date Closed: 4/26/2012 BROOMFIELD #3216735, 4/16/2012. Buyer, Buyer’s Address: FEDERAL DEBTOR: KAM J BOENIG, CREDI- #3218924, 4/26/2012. Seller: STANDARD PACIFIC COLO- NATIONAL MORTGAGE ASSO, MULT Price: $311000 RICHARD HSELDEN, $596.60, CASE Date Closed: 4/11/2012 TOR: LIBERTY ACQUISITIONS SER- ROCKY MOUNT INSTRUMENT CO, RADO INC PROP #3218975, 4/26/2012. Buyer, Buyer’s Address: WILLIAM M Address: 260 BERTHOUD TRL, VICING. AMOUNT: $2271.69. CASE $0.0, CASE #3216163, 4/12/2012. Seller: PULTE HOME CORP & DEBRA A SHEARER, 4759 RAVEN BROOMFIELD #C-2012C54955. DATE: 4/16/2012 SENSATIONAL EYES VISION Buyer, Buyer’s Address: RAMAK- SNYDER GROUP CO, $326.79, RUN Price: $ CLINIC, $644.13, CASE #3216208, RISHNA & SRIDEVI MULLAPUDI, DEBTOR: TAE HO & GRACE W CASE #3218711, 4/25/2012. Address: 4759 RAVEN RUN, Date Closed: 4/23/2012 4/12/2012. 15966 WHEELER PT SONG, CREDITOR: REMNANT BROOMFIELD ST CLAIRES ORGANICS INC, $0.0, Seller: JOHN S & CAROL J LUND Address: 15966 WHEELER PT, INVEST LLLP. AMOUNT: $69322.02. STONEBRIDGE GAMES INC, Price: $287900 CASE #3218925, 4/26/2012. Buyer, Buyer’s Address: LUCAS & BROOMFIELD CASE #D-12CV-000327. DATE: $1446.52, CASE #3218927, Date Closed: 4/23/2012 4/16/2012 ST JULIEN HOTEL CO LLC, $0.0, 4/26/2012. MOLLY MARKLEY, 1000 W 17TH CT Price: $465400 CASE #3218926, 4/26/2012. Seller: PULTE HOME CORP Address: 1000 W 17TH CT, BROOM- Date Closed: 4/18/2012 DEBTOR: MICHAEL J ZISSIMOS, DIANA JTILLMAN, $123.39, CASE Buyer, Buyer’s Address: TODD S & FIELD CREDITOR: CAVALRY PORTFOLIO STEPHENS FAMILY CHIROPRAC- #3218978, 4/26/2012. KRISTEN R DEPPE, 15946 WHEELER Price: $321000 Seller: DOUGLAS J & KAREN GAS- SERVICES LLC. AMOUNT: $2555.40. TIC I, $2567.7, CASE #3216742, TON MALCOLM TRANSFER TO INC, $182.41, CASE PT Date Closed: 4/26/2012 CASE #C-11C-001785. DATE: 4/16/2012. Address: 15946 WHEELER PT, Buyer, Buyer’s Address: DAVID A & #3216734, 4/16/2012. Seller: ROBERT & PAMELA WARD 4/17/2012 BROOMFIELD NANCY L WALSHE, 4557 MAROON SYKES ENTERPRISES INC, $303.46, Buyer, Buyer’s Address: CLARK CIR DEBTOR: MARIAM SAKILIBA, WILD HARE COMPUTER SYSTEMS Price: $472500 CASE #3216209, 4/12/2012. LEDBETTER, 13276 MIRROR LAKE Address: 4557 MAROON CIR, CREDITOR: BRISTOL POINTE HOLD- INC, $9025.0, CASE #3218971, Date Closed: 4/23/2012 WAY BROOMFIELD INGS LLLP. AMOUNT: $23538.08. TERRACOM SYSTEMS INC, $0.0, 4/26/2012. Seller: PARKWAY CIRCLE BROOM- Address: 13276 MIRROR LAKE WAY, Price: $420000 CASE #D-11CV-204559. DATE: CASE #3216159, 4/12/2012. ZAPATERIA CHAVEZ INC, $735.0, FIELD LLC BROOMFIELD Date Closed: 4/12/2012 4/20/2012 TERRACOM SYSTEMS INC, $0.0, CASE #3218972, 4/26/2012. Buyer, Buyer’s Address: JAMES F Price: $360000 DEBTOR: REAL LIFE CAPITAL CASE #3216161, 4/12/2012. JR & KAREN V MACNAMARA, 13570 Date Closed: 4/22/2012 Seller: KEVIN R & MOLLI D JORDAN WARRANTY DEEDS Buyer, Buyer’s Address: NGHI TRAN, INC, CREDITOR: FLORIDA MALL TERRACOM SYSTEMS INC, $0.0, VIA VARRA 13258 NIWOT TRL LLC. AMOUNT: $15254.79. CASE CASE #3216160, 4/12/2012. Broomfield County Address: 13570 VIA VARRA, Seller: PULTE HOME CORP Address: 13258 NIWOT TRL, #D-12CV-000977. DATE: 4/20/2012 Seller: BROOMFIELD 112TH AND BROOMFIELD Buyer, Buyer’s Address: ROBERT THEATRICAL COSTUMES ETC LLC, BROOMFIELD MAIN PART Price: $260000 L & COLLETTE K MORTON, 4593 DEBTOR: ULITIMATE PARTNERS $0.0, CASE #3216158, 4/12/2012. Price: $225000 Buyer, Buyer’s Address: JA BUILD- Date Closed: 4/23/2012 HOPE CIR COLO SPRING, CREDITOR: WEIN- Address: 4593 HOPE CIR, BROOM- Date Closed: 4/12/2012 THOMSEN ROOFING INC, $585.36, ING CORP, 9955 YARROW ST Seller: PULTE HOME CORP GARTEN NOSTAT INC. AMOUNT: FIELD CASE #3216459, 4/13/2012. Address: FARM, Buyer, Buyer’s Address: JAMES K Seller: F MICHAEL & CAROL L $85300.50. CASE #D-12CV-001187. Price: $473200 Price: $1221600 JANET E OSBORNE TRUST, 16020 BRETH DATE: 4/23/2012 WALTER RHOADES POST 111 Date Closed: 4/15/2012 Date Closed: 4/15/2012 QUANDARY LOOP Buyer, Buyer’s Address: LARSON DEBTOR: ELITE AUTO SER- AM LEG, $0.0, CASE #3216164, 4/12/2012. Address: 16020 QUANDARY LOOP, Seller: ROBERT M & JUDY A VARNES FAMILY TRUST, 4045 LISA DR VICE AUTO BODY I, CREDITOR: Seller: COALTON ACRES LLC BROOMFIELD Buyer, Buyer’s Address: AARON M & Address: 16320 SOMERSET DR, WW GRAINGER INC. AMOUNT: WERKS GROUP INC, $344.68, CASE Buyer, Buyer’s Address: CP III FLAT- Price: $ ERIN T CLEMMER, 2734 BRUCHEZ BROOMFIELD $40997.80. CASE #D-11CV-000224. #3216269, 4/12/2012. IRONS LLC, 1000 SANSOME ST STE Date Closed: 4/24/2012 PKWY UNIT 207 Price: $417000 DATE: 4/26/2012 180 Address: 12429 ARLINGTON AVE, Date Closed: 4/10/2012 Broomfield County Seller: PULTE HOME CORP Address: MULT PROP, BROOMFIELD RELEASE OF STATE BOULDER AVIATION MANAGE- Buyer, Buyer’s Address: SIVARAM- Seller: KATIE MARGARET & MAT- Price: $600000 Price: $287000 MENT LLC, $789.42, CASE #4789, KUMAR KANDASAMY, 3412 HAR- THEW DONOVAN BELL TAX LIENS Date Closed: 4/17/2012 Date Closed: 4/12/2012 4/23/2012. VARD PL Buyer, Buyer’s Address: MARIANA Boulder County Seller: MIDCITIES METROPOLITAN Address: 3412 HARVARD PL, ABABEI, 260 GREENWAY CIR W JH PAVIA TRUCKING INC, $85.77, Seller: REMINGTON HOMES CO AEGIS GOLDSMITHS LTD, $2425.24, DISTRIC BROOMFIELD Address: 260 GREENWAY CIR W, CASE #4300, 4/11/2012. Buyer, Buyer’s Address: ZEPHYR F CASE #3216213, 4/12/2012. Buyer, Buyer’s Address: CP III FLAT- Price: $327800 & JILL M VILLANO, 3751 W 136TH BROOMFIELD KARE BEAR GIFTS INC., $692.55, IRONS LLC, 1000 SANSOME ST STE Date Closed: 4/25/2012 AVE UNIT B1 Price: $198500 AHLMANS CLEANING LLC, CASE #4298, 4/11/2012. 180 Address: 3751 W 136TH AVE UNIT Date Closed: 4/12/2012 Seller: CHARLES E & AMBER L $3670.81, CASE #3216736, Address: MULT PROP, B1, BROOMFIELD KLINE ANESTHESIA CONSULTING IRWIN Seller: SCOTT K YOUNG 4/16/2012. Price: $100000 Price: $284200 LT, $267.12, CASE #4568, 4/18/2012. Date Closed: 4/17/2012 Buyer, Buyer’s Address: JULIA Buyer, Buyer’s Address: JEREMY ROBERTALSOBROOK, $6697.6, Date Closed: 4/16/2012 LARSON FIN GROUP INC, $217.73, PETTEWAY, 3151 W 134TH AVE B & CHRISTINE M WIRE, 925 COT- CASE #3216211, 4/12/2012. Seller: TAYLOR MORRISON COLO- Address: 3151 W 134TH AVE, Seller: JUDY M FOX TON ST CASE #4299, 4/11/2012. RADO INC AVOCET COMMUNICATIONS BROOMFIELD Buyer, Buyer’s Address: ROBERT Address: 13856 LEGEND TRL UNIT Buyer, Buyer’s Address: DARREN INC., $2050.08, CASE #3216457, ERICPATTON, $16335.17, CASE Price: $167500 RAY & CYNTHIA L WILKES, 25 WAL- 103, BROOMFIELD D & EMILLY L LARSON, 4451 TANA- 4/13/2012. #4792, 4/23/2012. Date Closed: 4/25/2012 TER WAY Price: $200000 GER TRL Address: 25 WALTER WAY, BROOM- REDHORSE REAL ESTATE INC, Seller: ROBERT M & JANET E MED- Date Closed: 4/12/2012 AVOCET COMMUNICATIONS Address: 4451 TANAGER TRL, FIELD $835.64, CASE #4621, 4/19/2012. DLES INC., $4580.12, CASE #3216458, BROOMFIELD Price: $200000 Seller: 15549 ZUNI STREET LLC Buyer, Buyer’s Address: DOROTHY 4/13/2012. SAMUEL J BILLER EQUITEIES INC, Price: $621200 Date Closed: 4/16/2012 Buyer, Buyer’s Address: RYAN T & Date Closed: 4/23/2012 ANN BARRON, 1202 MADERO ST ASHLIE J WIENS, 2450 RED HAWK JOSHBAYLIN, $554.36, CASE $0.0, CASE #4495, 4/17/2012. # A5 Seller: PAUL & JILANE SAVIGNANO PL #3217225, 4/18/2012. Seller: WILLIAM T & JEANNE C GRAY SNAVELY DEVL CO, $150.17, CASE Address: 1202 MADERO ST # A5, Buyer, Buyer’s Address: PAUL V Address: 2450 RED HAWK PL, Buyer, Buyer’s Address: R JOHN BENJAMIN ELECTRIC INC., #4915, 4/25/2012. BROOMFIELD AND JILANE C SAVIGNANO, 917 BROOMFIELD RHOADES, 4607 PO BOX 237 $455.84, CASE #3217955, 4/23/2012. Price: $160000 23RD AVE Price: $100000 STATE TAX LIENS Address: 4607 BELFORD CIR, Date Closed: 4/26/2012 Address: 16231 RED MOUNTAIN Date Closed: 4/22/2012 CLUSTERSTOR INC., $128.67, BROOMFIELD WAY, BROOMFIELD Boulder County Seller: BANK NEW YORK MELLON CASE #3216460, 4/13/2012. Price: $340000 Price: $ Seller: KATHRYN A WILSLOW ACOUSTIC VISIONS LLC, $7603.31, Buyer, Buyer’s Address: TIMOTHY Date Closed: 4/25/2012 Date Closed: 4/16/2012 Buyer, Buyer’s Address: HAN L TAT, DAN LEAHY INC, $2978.58, CASE CASE #3216206, 4/12/2012. & ABBIE HOWELL MCNEIL, 14359 #3218713, 4/25/2012. Seller: ELMER LEE & NANCY ELIZA- 12229 YATES CT ARUP NORTH AM LTD INC, LAKEVIEW LN Seller: KONCHOK TENZIN BETH HODGE Address: 12229 YATES CT, BROOM- DESERT MOUNT MEDICINE LTD, $1307.77, CASE #3217020, Address: 14359 LAKEVIEW LN, Buyer, Buyer’s Address: SARAH Buyer, Buyer’s Address: JOHN FIELD $417.18, CASE #3216212, 4/12/2012. 4/17/2012. BROOMFIELD PETERSIAN, 2590 W 133RD CIR DAVID & CAROLIN KOPP RAY, 12565 Price: $235000 Price: $294000 Address: 2590 W 133RD CIR, Date Closed: 4/12/2012 FIRE MOUNT MARKETING INC, BIG HOUSE DOORS HARDWARE SHERIDAN BLVD APT 211 Date Closed: 4/10/2012 BROOMFIELD $286.62, CASE #3216738, 4/16/2012. LLC, $24873.5, CASE #3218973, Address: 12565 SHERIDAN BLVD Price: $191000 Seller: SHEILA FLEET Seller: ZIMMERMAN LIVING TRUST 4/26/2012. APT 211, BROOMFIELD Date Closed: 4/16/2012 Buyer, Buyer’s Address: ANTHONY Buyer, Buyer’s Address: SVEN & FIVERUNS CORP, $278.46, CASE Price: $145000 JOHN & COLIN M SCHIESSL, 200 CARPET OUTPOST LLC, $17211.0, KIMBERLY S EVELSIZER, 12546 Seller: ROBERT J & SUSAN M #3217978, 4/23/2012. Date Closed: 4/15/2012 KOHL ST CASE #3218977, 4/26/2012. DALE CT CAGLEY FRONT RANGE MARKETING Seller: BARBARA E WAIBEL Address: 200 KOHL ST, BROOM- ESPRESS OH AT THE DAIRY Address: 13632 PLASTER CIR, Buyer, Buyer’s Address: KRISTEN INC, $1406.76, CASE #3216743, Buyer, Buyer’s Address: SEAJONES FIELD LLC, $5632.85, CASE #3218976, BROOMFIELD & COLBY STODDEN, 14505 COL- 4/16/2012. PROPERTIES LLC, 8008 PEBBLE RD Price: $193000 4/26/2012. Price: $335000 UMBINE ST 660 COMPTON ST, Date Closed: 4/12/2012 FULL PARTNERS LLC, $201.54, Address: Date Closed: 4/26/2012 Address: 1242 CLUBHOUSE DR, EXTREME CARE LLC, $1602.3, BROOMFIELD BROOMFIELD Seller: RICHARD T CAUDILL CASE #3216739, 4/16/2012. Seller: DONALD J & SANDRA A LAN- CASE #3217226, 4/18/2012. Price: $1800000 Price: $444800 Buyer, Buyer’s Address: MURILO & DAUER GOOD FAITH INC, $275.18, CASE Date Closed: 4/24/2012 Date Closed: 4/11/2012 KRISTA K DAROCHA, 2764 CANOS- FIRST BITE INC, $1135.95, CASE Buyer, Buyer’s Address: PETER & #3216741, 4/16/2012. SA DR #3218369, 4/24/2012. Seller: FRED SINN JUNE COCOLLA, 16130 MEEKER GOOD FAITH INC, $579.75, CASE Buyer, Buyer’s Address: JOE CAO Seller: PARKWAY CIRCLE BROOM- HERITAGE TITLE MARBLE GRAN- WAY #3216740, 4/16/2012. FIELD LLC ➤ See Record, 19A 18A 18A
18A | May 25 - June 7, 2012 Boulder County Business Report | www.bcbr.com BUSINESS DIGEST MOVES agents fill out contracts and transaction paper- ed to join the EMC Information Intelligence purchases, Checkers hired an unspecified Attorney Paul M. Bierbaum Jr. is moving the work using computers. Group Consulting Preferred Partner Program. number of new employees in Broomfield “with Bierbaum Law Office from The Heritage The new program consists of a small group the expectation of driving synergies between House, 1443 Spruce St. in Boulder, to 255 The city of Longmont’s sales- and use-tax of partners who will work in conjunction with the acquisitions and expected growth,” Gun- Canyon Blvd., Suite 100, in Boulder. Phone collections decreased 5.6 percent in April com- the group’s consulting team to drive customer drum said in an email. number remains the same, 303-443-3235, but pared with the same period a year ago, ac- success. the fax number changes to 303-447-9840. cording to the city finance department’s latest Louisville-based Coalfire Systems Inc. ac- report. Longmont collected $4,199,864 in April, Longmont-based Parascript LLC, a machine quired Digital Resources Inc. based in Red- BRIEFS compared with $4,450,748 collected in April print, handprint and cursive-recognition tech- wood City, California, for an undisclosed Boulder-based Campus Publishers has add- 2011. The collection in April represents sales nology provider, announced that document amount. Coalfire provides independent audits ed Florida Atlantic University to its family of 35- made in March. The sales-tax component of capture and enterprise content management for information technology, government risk plus official visitor guides. The guide, to come collections decreased by 3.8 percent from the integrator, Synapses Inc., has joined its partner and compliance. By acquiring DRG, Coalfire out in spring 2013, will reach 60,000 members same month the year before, and the use-tax program. Through the partnership, Synapses gains staff, skills and additional geographic of the FAU community. Campus Publishers component decreased by 26.5 percent. Total will offer Parascript’s FormXtra technology presence in the northeast and western United also publishes the University of Colorado’s sales- and use-tax collections year-to-date in- integrated with its existing offerings to help States and in Latin America and the Caribbean. guide. creased 3.2 percent compared with 2011, ac- companies in banking, insurance, health-care, cording to the report. City lodging-tax revenue manufacturing and other industries to extract SERVICES Ball Aerospace & Technologies Corp. has increased 11 percent month over month, with business information including name, address, Auguste Escoffier Schools of Culinary Arts submitted a study to NASA that demonstrates $18,921 in lodging-tax revenue collected from demographic and other data from forms. will offer a Sustainable and Ethical Cooking solar-electric propulsion technologies that can hotels in April for the month of March, com- class at 637 S. Broadway, Suite H, in Boulder. be used in space. Boulder-based Ball Aero- pared with $17,042 in March 2011. CONTRACTS The course will explore where food comes space was one of five companies that received K2 Sports, a Seattle-based manufacturer of from, how chefs can benefit from that knowl- up to $600,000 each from the federal National Boulder Creek Quality Inn & Suites, 2020 outdoor sports gear, hired Boulder-based edge, and the application of basic cooking Aeronautics and Space Administration in Sep- Arapahoe Ave., in Boulder, has earned the U.S. Verde PR & Consulting as its agency of re- techniques in food preparation. More informa- tember 2011 to demonstrate solar-electric Environmental Protection Agency’s EnergyStar cord. Verde PR, led by founder and president tion at 877-249-0305 or escoffier.edu/loca- propulsion technologies that could be used in certification, which signifies that the building Kristin Carpenter-Ogden, has managed public tions/boulder. space. NASA plans to test those science tech- performs in the top 25 percent of similar facili- relations for Madshus skis and Atlas and Tubbs nologies in a future flight mission. ties nationwide for energy efficiency and meets snowshoes since 2009. Boulder College of Massage Therapy has the EPA’s energy-efficiency performance lev- added 800- and 1,000-hour massage-therapy Longmont-based Reveal Systems Inc., which els. More information at qualityinnboulder.com/ MERGERS & ACQUISITIONS certificate programs, which replace the 760- develops software that helps real estate agents our-hotel/green-initiatives. Checkers Industrial Safety Products LLC hour program. They will take effect in July with streamline the closing process, has sold its two acquired two safety-products companies in the start of the 2012 summer quarter. major software lines to its principal competitor. The city of Lafayette has installed its first the past two months and added new jobs at RE Formsnet LLC., a Fraser, Michigan-based charging station for electric vehicles at the its headquarters in Broomfield, a company Deadline to submit items for Business Digest company doing business as zipLogix, has Lafayette Public Library, just off U.S. Highway spokesman said. Checkers acquired C&C is three weeks prior to publication of each bi- purchased the TrueForms and Formulator 287 on Baseline Road. The installation was Signal LLC in Mesa, Arizona, a highway safety weekly issue. Mail to Editor, Boulder County software lines from Reveal Systems. The price made possible through efforts and grants from and traffic control product company April 18. Business Report, 3180 Sterling Circle, Suite was not disclosed, and the transaction was an the Lafayette Energy Sustainability Advisory On April 5, Checkers bought HBM Canada 201, Boulder, CO 80301-2338; fax to 303-440- asset sale. Reveal Systems will continue do- Committee. Manufacturing Inc. in British Columbia, an- 8954; or email to [email protected] with Busi- ing business, executive vice president Steve other safety product company. Dollar terms of ness Digest in the subject line. Photos submit- Wostenberg said. The two companies both Boulder-based business system integrator the purchases were not disclosed, said Greg ted will not be returned. make software packages, which let real estate Flatirons Solutions Corp. has been select- Gundrum, a Checkers spokesman. After the CALENDAR MAY Tuesday, June 5, at the University of Colorado- The inaugural Online Strategy Sum- ning with a 7:30 a.m. shotgun start, includes A Workplace Ambassadors Network Boulder’s Stadium Club. The event will high- 10 mit 2012 will be held Sunday, June a $25,000 hole-in-one contest sponsored by 31meting for 36 Commuting Solutions will light the charity’s collaborations, programs, 10, at the Millennium Harvest House Hotel in Great Western Bank. Breakfast and a lunch be held from noon to 1 p.m. Thursday, May initiatives and plans. Keynote speaker will be Boulder. Entrepreneurs from across the Rocky banquet will be provided and sponsored by the 31, in the Telluride Room at Key Equipment Fi- Jon Embree, CU’s head football coach. More Mountain region will gather for a day of strate- Blue Parrot restaurant and Old Style Sausage. nance, 1000 S. McCaslin Blvd., Superior. information at unitedwayfoothills.org. gic skill building designed to help them grow Cost: $110 per player. Sign up by June 13, or their businesses and retain customers online. before June 1 to enter a drawing for a free four- JUNE The annual Longmont Chamber of Registration and more information at onlines- some at Coal Creek. Sign up or apply to be a The Louisville Chamber of Commerce is Commerce Golf Tournament will be held 7 trategysummit.com. corporate sponsor online at louisvillechamber. taking reservations for booth space at the Thursday, June 7, at Ute Creek Golf Course, 2 com or at 303-666-5747. annual Taste of Louisville, which will be held Longmont. Players can register as individuals The CU Real Estate Center at the Uni- Saturday, June 2. Cost is $100 for Chamber for $150 or as a foursome for $500. Register 13 versity of Colorado-Boulder’s Leeds AUGUST members and $250 for nonmembers. Apply at at longmontchamber.org. For more informa- School of Business will hold the CU Real Estate The 2012 Boulder County Fair will be louisvillechamber.com under “events” or call tion, contact Scott Cook at 720-864-2872 or Council’s summer quarterly meeting from 11 1 from 10 a.m. to 10 p.m. Wednesday, Aug. 303-666-5747. [email protected]. a.m. to 1 p.m. Wednesday, June 13 at the His- 1, through Sunday, Aug. 5, at the fairgrounds, tory Colorado Center, 1200 Broadway, Denver. 9595 Nelson Road, Longmont. The county fair, The YWCA is sponsoring a Women in A shotgun start golf tournament to ben- The program will focus on the economic im- Colorado’s oldest, will celebrate its 143rd an- Transition Career Series from 6:30 to efit efforts to find a cure for Parkinson’s 4 8 pact of the USA Pro Cycling Challenge on local niversary. Open Class and 4-H/FFA exhibitor 8:30 p.m. Mondays, June 4-18, at the YWCA disease will be at 8 a.m., Friday, June 8, at communities. The event is free for Real Estate information will be posted at bouldercountyfair. of Boulder County, 2222 14th St., Boulder. Ses- Ute Creek Golf Course in Longmont. Cost is Council members and $40 for nonmembers. org. A limited number of complete 2012 pre- sions, which include personal exercises, small $100 per golfer. Four-person scramble format. mium books containing all exhibitor informa- group discussions and creating an individual- Includes green fees, golf carts, range balls, lun- JULY tion also will be available at the county fair or ized action plan, will be facilitated by Emma cheon, prizes, awards. Contact Joleen McGee The Louisville Chamber of Commerce the CSU Extension offices in the Fairgrounds Reuss of Bliss Career Coaching. Cost:$60. at 303-684-5539. Sponsored by Davis Phinney will sponsor the 36th anniversary Spa- 13 Office Building. The 2012 event schedule is Register at 303-443-0419 or ywcaboulder.org. Foundation for Parkinson’s, Life Care Center of ghetti Open Golf Tournament on Friday, July posted on the website, and tickets for grand- Longmont and The Bridge at Longmont. 13, at Coal Creek Golf Course, 858 W. Dil- Foothills United Way will present Live stand events will go on sale in June. lon Road, Louisville. The tournament, begin- 5 United 2012 from 11:30 a.m. to 1:30 p.m. AWARDS Louisville-based Envysion Inc. has won a for consideration for the Ernst & Young Nation- activities. Array received an upfront payment of titled “Watch Technology Transform” and in the TiE50 award in the Internet/Social Network- al Entrepreneur of the Year Program $28 million and is eligible to receive clinical and Best Creative category for its live ice sculptures ing category and was chosen as one of the 50 commercial milestone payments up to $685 and related campaign graphics. It also earned most enterprising startups of 2012. Boulder-based Array BioPharma Inc. (Nas- million and up to double-digit royalties on sales honors in the Single-Page Print Ad and Best daq: ARRY), which formed a strategic al- of any resulting drugs. Strategy categories for its work to introduce Six business leaders based in Boulder and liance with Genentech, a member of the a new line of amniotic-based tissue products Broomfield counties are among 21 finalists Roche Group, has been honored with the Two Boulder County-based marketing firms used in the surgery. Meanwhile, the Lafayette- for the Ernst & Young Entrepreneur of the Year Breakthrough Alliance Award of 2012. The have announced that they won 2012 Gold based Creative Alliance won a Gold Key for 2012 Award in the Mountain Desert region award, sponsored by Deloitte Recap, honors Key awards from the Colorado chapter of its campaign for Henderson-based Birko Corp, which includes Colorado, Arizona and New biotech-pharmaceutical alliances each year as the Business Marketing Association at its an- recrafting its image from a chemical supplier Mexico. Area finalists are:Jeff Bisberg, chief the breakthrough deals of the previous year. nual gala held May 4 at the Denver Art Mu- for the beef industry into a safety leader in the executive, Albeo Technologies Inc., Boulder; The award is bestowed upon the alliance that seum. Boulder-based advertising agency and food-processing industry. The 2012 Gold Key Heidi Ganahl, CEO, NBS East LLC, dba Camp receives the most votes by biotech and phar- medical-marketing firmGriff/SMC Inc. re- competition involved 160 entries from Colo- Bow Wow, Broomfield; Matt Larson, founder/ maceutical business development and licens- ceived four Gold Keys for its work on behalf rado’s top business-to-business firms and CEO, Confio Corp., dba Confio Software, ing executives. Array entered into an oncology of Amedica/US Spine, a Salt Lake City-based agencies. Boulder; Bruce Johnson, CEO/president, agreement with Genentech in August for de- manufacturer and marketer of proprietary im- Global Healthcare Exchange LLC, Louisville; velopment of each company’s small-molecule plants, instrumentation and biologic products Boulder-based architecture and design firm Jud Valeski, CEO, Gnip Inc., Boulder; and Checkpoint kinase 1 program. Under terms of used in spine surgery. The agency received bldg.collective has been awarded Best of Re- Dale Katechis, founder, Oskar Blues Brewery, the agreement, Genentech is responsible for “bests” and Gold Keys in the Direct Market- modeling 2012 by the 1.2 million members of Longmont. Regional award winners are eligible all clinical development and commercialization ing category for a three-part mailing campaign Houzz, an online platform for home remodeling. 19A19A
Boulder County Business Report | www.bcbr.com May 25 - June 7, 2012 | 19A ON THE JOB NONPROFIT NETWORK ADVERTISING, COMMUNICATIONS officer. Neal was con- BRIEFS counties who need a hand during the current Tim Bock has been named senior marketing sulting with software HospiceCare of Boulder and Broomfield tough economic times, said Terry Benjamin, manager at Boulder-based Bikes Belong, a companies in prod- Counties and The Moyer Foundation, a non- executive director of the nonprofit organiza- bicycle-industry organization dedicated to get- uct strategy and de- profit organization founded by Colorado Rock- tion. The organization operates 43 places for ting more people riding bikes more often. Bock sign and conducting ies pitcher Jamie Moyer and his wife, Karen, people who need somewhere to stay and will oversee marketing strategies in tandem research in the text will present Camp Erin Boulder/Denver on provides food, rent and utilities help and fur- with Bikes Belong’s strategic partners. Bock analytics field. Friday through Sunday, Aug. 10-12, at Camp niture to people who need it. has 13 years of experience in communication Wondervu, 40 miles west of Denver. This free and marketing, including running his own on- B oulder-based weekend bereavement camp is for children MEETINGS line marketing company, Bocksplace Design, cloud-identity com- and teens ages 6-17 who have experienced The Colorado Nonprofit Association will and serving as director of marketing for the pany Symplified Inc. Neal the death of someone close to them. hold its 2012 fall conference and exhibition on town of Frisco and as interactive marketing has named Denise For more information or to register a camper, Monday and Tuesday, Oct. 15-16, at the Omni manager at Colorado Ski Country. Hayman senior vice call 303-604-5279. To apply for a volunteer Interlocken Resort in Broomfield. The event, president for world- position, call 303-604-5210 or go to hospicec- expected to draw nearly 700 nonprofit, busi- ARCHITECTURE, CONSTRUCTION wide field operations. areonline.org. ness and community leaders and decision- Louisville-based homebuilder Boulder Creek A serial start-up sales makers, will include plenaries, educational Builders LLC has hired Debbie Barker as di- executive, Hayman GRANTS sessions and networking. Session proposals has helped build rector of sales operations. Barker has more The Boulder-based Emergency Family As- should be submitted by 5 p.m. May 25. Reg- several successful than 15 years of experience working in resi- sistance Association has received $50,000 istration will open this month for organizations information-security dential home sales and operations, including from the Daniels Fund to help struggling fam- vendors including Zs- and businesses wanting to exhibit. More in- KB Homes, McStain Enterprises, Sugar Bush caler, PGP Corp (now ilies and individuals. The money will be used formation is online at coloradononprofits.org/ Construction, Beazer Homes and Melody to help residents in Boulder and Broomfield training-events/fall-conference/ Symantec), Vontu Hayman Homes. and Tripwire. PRODUCT UPDATE BANKING, Boulder-based Solid Fire Inc., a provider of FINANCE solid-state primary storage systems for cloud Boulder-based Limitless Computing Inc., a puting. The companies say the product ren- Boulder-based Har- service providers, has hired Daniel Berg as provider of 3-D mobile augmented reality, and ders SketchUp animations up to 30 times bor Financial Group vice president for engineering. Berg most re- Cambridge, United Kingdom-based ArtVPS faster, and scenes up to five times faster, Inc., an independent cently was vice president In his new role, Berg Ltd, developers of the Shaderlight interac- delivering high resolution, photorealistic vi- wealth-management will be responsible for engineering, develop- tive rendering software for Google SketchUp, sualizations direct from Google SketchUp in firm, hired Megan ment and quality for the SolidFire storage have announced the launch of Shaderlight hours, not days, freeing up desktop comput- Foster as a client product line. Berg had held executive posi- Cloud Rendering powered by Limitless Com- ers for other work. service manager. tions at Avaya, Skype and Sun Microsystems. Boulder-based Simple Energy has named FOR THE RECORD BIOSCIENCE Bud Vos its chief operating officer. Vos brings Earl Douglas has Foster more than 15 years of experience driving RECORD from 17A been named vice rapid growth and innovative product strategy president and general counsel at Boulder- for leading smart-grid companies. Vos most Address: 2764 CANOSSA DR, BROOMFIELD 13237 TELLER LAKE WAY based OPX Biotechnologies Inc. Douglas Price: $247500 Address: 13237 TELLER LAKE WAY, BROOMFIELD previously was senior vice president for util- Date Closed: 4/12/2012 Price: $389000 most recently served as vice president and ity sales and chief technology officer at Com- Date Closed: 4/10/2012 general counsel for publicly traded biotechnol- Seller: A HOWARD & ALETHA ANN BORGMANN verge Inc. Buyer, Buyer’s Address: MATTHEW & MICHELLE STAGL, Seller: JEAN PIERRE & SHANNON BENAY ogy company BioMimetic Therapeutics Inc. 175 BERYL WAY Buyer, Buyer’s Address: STEVEN M FINKLE, 805 KALMIA Joseph Mitchell has been named vice presi- Address: 175 BERYL WAY, BROOMFIELD WAY EDUCATION dent for operations at Longmont-based vehi- Price: $202500 Address: 805 KALMIA WAY, BROOMFIELD The University of cle-electrification company UQM Technolo- Date Closed: 4/19/2012 Price: $199000 Date Closed: 4/19/2012 Colorado-Boulder gies Inc. (NYSE Amex: UQM), and will oversee Seller: SECURE INVESTMENTS INC named Christina its manufacturing, quality and purchasing. Buyer, Buyer’s Address: 132ND CIRCLE REAL ESTATE Seller: EARLE M & ANN A MORENCY Mitchell has more than 25 years of experience TRUST, 4505 WINONA PL Buyer, Buyer’s Address: EARLE M AND ANN A TRUST, Gonzales associate Address: 14300 WATERSIDE LN UNIT L1, BROOMFIELD 1065 E 14TH AVE vice chancellor for in the automotive industry, including more than Price: $ Address: 1065 E 14TH AVE, BROOMFIELD student affairs and 10 years in the development of electric pow- Date Closed: 4/11/2012 Price: $ ertrains and vehicle electrification. Date Closed: 4/19/2012 dean of students ef- Seller: BANC AM FUNDING 2004 5 TRUST fective July 1. Gonza- Buyer, Buyer’s Address: BANC AM FUNDING CROP MTG Seller: HI ROLLERS UNLIMITED INC NONPROFIT PASS, 3232 NEWMARK DR Buyer, Buyer’s Address: DISCOUNT MINI STORAGE LLC, les currently is associ- Boulder-based Attention Homes appointed six Address: 14166 CHANTILLY CT, BROOMFIELD 861 SOUTHPARK DR STE 100 ate dean of students members to its board of directors: Mary Estill Price: $ Address: 7101 W 117TH AVE, BROOMFIELD at the University of Buchanan, former Colorado secretary of state Date Closed: 4/22/2012 Price: $525000 Gonzales Date Closed: 4/19/2012 California-Berkeley. and U.S. Senate candidate; Jim Hayes of Van Seller: GRIFF SICKENDICK Seller: JAMES J & SARA L HALL Gilder Insurance Corp.; Jeff Foltz of Hensley & Buyer, Buyer’s Address: ANN ELIZABETH DESTITO, 12309 Buyer, Buyer’s Address: JASON GLENN & LANAE KATH- UTICA PL ENGINEERING Kennedy PC; Brian Jones of FirstBank; Lars LEEN DAVIS, 5121 MINNOW LN Address: 12309 UTICA PL, BROOMFIELD Jeff Osterkamp Parkin of Arthur J. Gallagher & Co.; and Baird Address: 3751 TROON CIR, BROOMFIELD Price: $236500 McKevitt of Xcel Energy. Price: $671500 has been appointed Date Closed: 4/22/2012 head of Ball Aero- Date Closed: 4/19/2012 Seller: CHRISTA K STRATTON Imagine!, a Lafayette-based nonprofit orga- Seller: ALAN LESSLER space & Technology Buyer, Buyer’s Address: CHRISTA K STRATTON LIVING nization, has named the officers of its board Buyer, Buyer’s Address: BENJAMIN N JR & BARBARA S Corp.’s engineering TRUS, 13669 BOULDER PT # 102 HUNTINGTON, 3669 HEATHERWOOD WAY of directors for 2012. They are president Address: 13669 BOULDER PT # 102, BROOMFIELD department. He will Address: 16652 LAS BRISAS DR, BROOMFIELD John Frisbie, Robert W. Baird & Co.; secre- Price: $ take over as vice Price: $525000 tary Scott Doyen, Adams 12 School District; Date Closed: 4/22/2012 president for engi- Date Closed: 4/19/2012 treasurer Robert L. Davis, CityWide Banks; Seller: DEBRA E & MICHAEL B DAWSON Seller: 340 E FIRST AVENUE VENTURES LL neering from Doug president-elect Whitney Blair, P.C., attorney; Buyer, Buyer’s Address: TARA RECHTENBAUGH, 2817 Buyer, Buyer’s Address: BROOMFIELD OFFICES LLC, Neam, who retired W 126TH AVE and past president Kevin Nelson, Land Title 7374 S ALTON WAY Address: 2817 W 126TH AVE, BROOMFIELD April 27. Osterkamp Guarantee Co. Address: 340 E 1ST AVE, BROOMFIELD Osterkamp Price: $242500 most recently was Price: $ Date Closed: 4/22/2012 Ball’s vice presi- Clif Harald will serve Date Closed: 4/18/2012 Seller: KATHLEEN S WELCH LIVING TRUST dent for component technologies, and also as interim chief ex- Seller: MICHAEL E MCMAHON Buyer, Buyer’s Address: DAVID & CONNIE R SHOTNIK, Buyer, Buyer’s Address: SUSAN K & CULLY R FARHAR, served as vice president for business execu- ecutive officer of the 14167 SUN BLAZE LOOP UNIT D 13952 GUNNISON WAY tion within Ball’s national defense strategic Boulder Chamber Address: 14167 SUN BLAZE LOOP UNIT D, BROOMFIELD Address: 13952 GUNNISON WAY, BROOMFIELD Price: $193000 business unit. Before joining the company, during the search for Price: $635000 Date Closed: 4/19/2012 Osterkamp was a systems engineer at Sperry a permanent CEO. Date Closed: 4/16/2012 Seller: KIMBERLY J VOHS Flight Systems. Ball Aerospace & Technology Harald is the execu- Seller: STANDARD PACIFIC COLORADO INC Buyer, Buyer’s Address: SEAN & REBECCA SLAVIN, 13707 tive director of the Buyer, Buyer’s Address: THOMAS C DELAND, 4734 is a subsidiary of Broomfield-based Ball Corp. MEADOWBROOK CT Boulder Economic RAVEN RUN (NYSE:BLL). Address: 13707 MEADOWBROOK CT, BROOMFIELD Address: 4734 RAVEN RUN, BROOMFIELD Council, the eco- Price: $415000 Harald Price: $304600 nomic development Date Closed: 4/19/2012 HEALTH CARE Date Closed: 4/18/2012 arm of the Boulder Seller: US BANK NATIONAL ASSOCIATION Margaret “Maggie” Harper has returned Seller: STANDARD PACIFIC COLORADO INC Chamber. He also is the executive vice presi- Buyer, Buyer’s Address: MATTHEW S & AUBREY A COR- to the Broomfield-based Colorado Physical Buyer, Buyer’s Address: KENNETH R JR WAGNER, 4740 NETT, 14022 FAIRWIND LN dent of the Boulder Chamber. RAVEN RUN Therapy Institute PC after a four-year ab- Address: 14022 FAIRWIND LN, BROOMFIELD Address: 4740 RAVEN RUN, BROOMFIELD sence. She holds a master’s degree in physi- Price: $325000 Deadline to submit items for On the Job is Price: $337100 Date Closed: 4/17/2012 cal therapy from the University of Colorado three weeks prior to publication of each bi- Date Closed: 4/18/2012 Seller: DEUTSCHE BANK NATIONAL TRUST C and specializes in manual orthopedic therapy. weekly issue. Mail to Editor, Boulder County Seller: KENNETH C JR LANDERS Buyer, Buyer’s Address: KERCO LLC, 945 E 9TH AVE Business Report, 3180 Sterling Circle, Suite Buyer, Buyer’s Address: LIDDON W & CARLE A CARRELL, Address: 945 E 9TH AVE, BROOMFIELD 1140 E 9TH AVE HIGH TECH 201, Boulder, CO 80301; fax to 303-440-8954; Price: $162100 Address: 1140 E 9TH AVE, BROOMFIELD Lafayette-based manufacturing and process or email to [email protected] with On the Job Date Closed: 4/22/2012 Price: $225000 Seller: KATHERINE E & PATRICK KEATING intelligence software provider Aegis Analytical in the subject line. Photos submitted will not Date Closed: 4/22/2012 Corp. has hired Mike Neal as chief technology be returned. Buyer, Buyer’s Address: JAMES E SALZMANWALSH, 20A 20A
20A | May 25 - June 7, 2012 Boulder County Business Report | www.bcbr.com BOULDER VALLEY REAL ESTATE WATCH BOULDER COUNTY BUSINESS REPORT WWW.BCBR.COM
EXISTING HOME SALES APRIL 2012 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 04/01/10 - 04/01/11 %chg 04/01/10 - 04/01/11 %chg Location 04/01/10 04/01/11 %chg 04/01/10 04/01/11 %chg Price Contract Price 03/31/11 03/31/12 03/31/11 03/31/12 03/31/11 03/31/12 03/31/11 03/31/12 Boulder 70 396 $607,205 84 $507,500 Boulder 592 660 11.5 $657,603 $664,902 1.1 Boulder 79 92 16.5 $540,000 $565,000 4.6 Broomfield 41 125 $360,978 77 $335,000 Broomfield 327 370 13.1 $378,795 $357,981 (5.5) Broomfield 90 82 (8.9) $334,000 $330,170 (1.1) Erie 24 145 $345,281 82 $314,950 Erie 269 246 (8.6) $337,306 $328,813 (2.5) Erie 86 81 (5.8) $317,000 $305,350 (3.7) Lafayette 27 119 $378,252 67 $335,000 Lafayette 221 260 17.6 $360,801 $378,476 4.9 Lafayette 73 84 15.1 $311,000 $334,720 7.6 Longmont 81 371 $257,331 76 $239,000 Longmont 819 863 5.4 $255,205 $246,223 (3.5) Longmont 69 75 8.7 $225,000 $223,000 (0.9) Louisville 26 90 $416,809 47 $412,375 Louisville 198 194 (2.0) $434,239 $420,500 (3.2) Louisville 57 61 7.0 $386,000 $385,000 (0.3) Superior 14 54 $421,610 52 $375,000 Superior 102 113 10.8 $431,439 $427,096 (1.0) Superior 50 59 18.0 $424,900 $381,500 (10.2) Mountains 30 315 $339,728 190 $311,750 Mountains 225 256 13.8 $416,242 $398,836 (4.2) Mountains 129 122 (5.4) $369,000 $322,500 (12.6) Plains 31 315 $676,925 128 $550,000 Plains 355 296 (16.6) $631,845 $630,549 (0.2) Plains 103 108 4.9 $475,671 $470,250 (1.1)) Total 344 1,930 Total 3,100 3,258
EXISTING CONDO SALES APRIL 2012 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 04/01/10 04/01/11 %chg 04/01/10 04/01/11 %chg Location 04/01/10 04/01/11 %chg 04/01/10 04/01/11 %chg Price Contract Price 03/31/11 03/31/12 03/31/11 03/31/12 03/31/11 03/31/12 03/31/11 03/31/12 Boulder 56 333 $271,868 145 $250,000 Boulder 586 572 (2.4) $305,425 $306,149 0.2 Boulder 126 160 27.0 $246,875 $248,500 0.7 Broomfield 3 36 $305,067 174 $295,000 Broomfield 55 73 32.7 $217,410 $212,369 (2.3) Broomfield 103 148 43.7 $209,900 $202,300 (3.6) Erie 3 12 $354,199 76 $357,500 Erie 39 21 (46.2) $218,999 $150,708 (31.2) Erie 95 101 6.3 $153,000 $124,900 (18.4) Lafayette 4 39 $225,350 65 $227,750 Lafayette 72 96 33.3 $171,201 $187,916 9.8 Lafayette 62 89 43.5 $165,625 $186,500 12.6 Longmont 21 104 $170,641 102 $150,000 Longmont 162 161 (0.6) $177,750 $180,217 1.4 Longmont 86 102 18.6 $162,900 $167,000 2.5 Louisville 3 16 $241,545 72 $199,500 Louisville 36 34 (5.6) $198,514 $191,217 (3.7) Louisville 76 66 (13.2) $187,100 $180,000 (3.8) Superior 2 11 $225,500 29 $225,500 Superior 25 21 (16.0) $217,044 $217,179 0.1 Superior 63 63 0.0 $222,500 $215,000 (3.4) Mountains 0 3 N/A N/A N/A Mountains 0 2 N/A 0 $178,450 N/A Mountains 0 98 N/A 0 $178,450 N/A Plains 9 27 $181,791 78 $166,125 Plains 110 71 (35.5) $184,037 $211,806 15.1 Plains 117 103 (12.0) $163,000 $185,000 13.5 Total 101 581 Total 1,085 1,051 For more information contact: Kenneth Hotard 303.442.3585 • [email protected] Datasource: IRES-Information Real Estate Services Twenty Ninth Street gets a Lijit new tenant BOULDER — Lijit Networks Inc., a software company that develops AMLI INTERLOCKEN ARISES online advertising, user analytics and reader engagement tools, will leave Complex in Broomfield will consist of 343 apartments downtown Boulder for a new office at Boulder’s Twenty Ninth Street retail district. Lijit will move into a 13,000-square-foot space that for- merly was occu- pied by Borders Books. Lijit will leave a down- town office at 1050 Walnut St. it has occu- pied for about four-and-a-half yea r s, c h ief REAL ESTATE operating offi- Michael Davidson cer Walter Knapp said. “We’re just growing so fast,” Knapp said. “We need to really find a place where we could really grow and expand.” Lijit is a startup founded in Boul- der. Federated Media Publishing Inc., a web-publishing company based in San Francisco, purchased Lijit for an undisclosed amount in October. Lijit is operating as a wholly owned subsidiary, and the integration of the companies “couldn’t be going better,” Knapp said. Neither could revenue growth, which has climbed MICHAEL DAVIDSON more than 300 percent year-to-year, AMLI Residential is building a 343-unit apartment community in Broomfield’s Interlocken area. The community will be he said. Lijit is used by more than wrapped around a centralized parking garage, seen here. 100,000 websites. ➤ See Reawl Estate, 21A Boulder County Business Report | www.bcbr.com May 25 - June 7, 2012 | 21A
REAL ESTATE from 20A Lijit has “at least” 45 employees Jim Ditzel, a broker with Freeman space at 2525 28th St., to 7,500 Foreclosures and 15 open positions, Knapp said. Myre Inc., represented Lijit. square feet at 5435 Airport Blvd., also in Boulder Valley The new office will have space for “There were some unique chal- in Boulder. The new space allows the April 2012 about 120 workers, he said. The com- lenges to do an office lease with a 17-year-old company to improve its pany expects to move in late August retail landlord,” Ditzel said in a news levels of hosting and server colocation. City Foreclosures Filed Deeds Issued or early September. release, “but in the end it all came The data center features raised Allenspark 2 1 “We wanted to stay in downtown together very well.” floors, hot/cold aisle design support- Broomfield 22 4 Boulder, and Twenty Ninth Street is a Macerich handled its side of the ed by more than 70 tons of Liebert Boulder 11 3 nice alternative,” Knapp said. deal through its corporate leasing HVAC, 750 kilowatts of redundant Eldorado Springs 0 0 The new location offers some of office. Other companies had targeted power backed by a 1-megawatt die- Erie 2 0 the amenities of downtown, Knapp the spot. sel generator and multiple cabinet Golden* 0 1 said, such as easy access to restaurants “We had three other offers on this options. Hot/cold aisle is a layout Gold Hill 0 0 and a lot more parking. space and chose to work with Lijit due design for server racks and other com- Hygiene 0 0 The space, on the shopping cen- to their proven track record, growth puting equipment in a data center; Jamestown 1 0 ter’s second floor, will have to be plans and their employees,” Macerich the goal of the configuration is to Lafayette 8 2 completely redesigned by Tres Birds senior leasing manager Nicole Van- conserve energy and lower cooling Longmont 36 11 Workshop, a small Boulder-based Laecken said. costs by managing air flow. Louisville 3 1 architecture and construction firm The new location is outside Boul- Lyons 1 1 that specializes in repurposing uncon- OSKARS EYES DEPOT: Oskar der’s 500-year floodplain. Nederland 1 2 Niwot 1 0 ventional material in contemporary Blues Brewery LLC plans to open a Indra’s Net has eight employees, Pinecliffe 0 0 offices. restaurant in a historic train depot but is seeking technical and data- Superior 2 1 Lijit fills what has proved to be a in Boulder in the next 20 months, center support personnel. Ward 1 0 challenging space for Twenty Ninth according to Chad Melis, a spokes- Between connectivity, web-host- TOTAL 91 27 Street to fill, property manager JT man. ing and server colocation, Indra’s Net Year-to-date 2012 362 170 Fulton said. After Borders closed, the Oskar Blues plans to create some- has approximately 4,000 customers. *Reflects only the portion of Golden in Boulder County space was subdivided, and the first- thing similar to its existing Home- Source: Public trustees of Boulder and Broomfield counties floor space leased. That left a large made Liquids and Solids restaurant in HISTORIC SALE: The Oliver- The seller, a limited-liability com- vacancy in a second-floor space that Longmont, with a southern-inspired Bowman house, a historic home at pany created by Hight Enterpris- was not ideal for retail. menu and a live-music schedule, Melis 2229 Broadway in Boulder that has es Ltd., bought the property as an Twenty Ninth Street has converted said. Oskar Blues also has a restaurant been converted into offices, has sold investment but had trouble finding a other vacant second-floor retail spaces and brewery in Lyons and is opening for $1.3 million. tenant that would occupy the entire and has seen encouraging results that a new restaurant in North Carolina. Minot RE LLC purchased the building, Hill said. inspired a change in strategy. The 122-year-old depot sits near building, which has 3,662 square feet “There’s certainly a demand for the northeast corner of 30th and Pearl of office space, from 2229 Broadway STERLING CIRCLE: A office space in Boulder,” Fulton said. streets and is slated to be part of the LLC, according to Boulder County 9,174-square-foot office/flex build- “We read the news just like everybody Depot Square at Boulder Junction, a property records. ing in East Boulder has sold for $1.37 else. We thought, why not try to new, transit-oriented development. The Oliver-Bowman house was million. attract some of those office users here. “This is a big project that the city built around 1881 and is recognized M & M Real Estate Holdings LLC We’ve got everything they need.” of Boulder has going on,” Melis said. as a Boulder landmark. A plaque on bought the property at 3082 Sterling “The response was huge. People “We’re looking forward to working with the house recognizes it as “one of Circle in the Valmont Business Park really wanted to be here,” he said, them and making it a ‘green’ transpor- Boulder’s best examples of Queen from MJ Sterling LLC and Sterling- noting the area for offices now is 100 tation center, one of the most effective Anne architecture.” McBerne LLC, according to Boulder percent leased. and green centers in the country.” The building will be occupied by County property records. Fulton declined to discuss whether Melis said he did not yet know Minot Capital LLC and Minot Capi- The building formerly was one of retail-to-office conversions generate many details of the new Boulder res- tal Management LLC, according to three occupied by the staff of Log- the same amount of revenue for Mac- taurant project. Tom Hill of Wright-Kingdom Real Rhythm Inc. before the company erich Co. (NYSE: MAC), the mall’s Estate, who represented the seller. consolidated its offices at 4780 Pearl owner. He said it does complement INDRA’S NET: Internet service The new owner plans to make East Circle. the company’s desire to evolve and provider Indra’s Net has moved to improvements to the building’s interi- would be something it will consider expand its operations and has con- or that will restore some of its historic Beth Potter and Doug Storum con- expanding in the future. But ulti- structed a new data center. character, Hill said. The building was tributed to this column. Michael David- mately the area will retain its strong Boulder-based Indra’s Net has remodeled and converted into offices son can be reached at 303-630-1943 or focus on retail. moved from 4,000 square feet of in 1999. [email protected].
MOTHERLODE from 3A
Mountain Style Barbecue Sauce as Original Juan Specialty Foods Inc. all products were at 37, and in April said. The first-round search for invest- savory rather than sweet, with earthy, in Kansas City, Kansas, to meet fed- we sold 131.5 cases for an increase of ments will go out sometime this sum- thick, hearty and rustic definers. eral Food and Drug Administration 255 percent. mer. “We use whole herbs and spices requirements. “Three things helped with this: The Oxleys are waiting until after and butter for thickness,” Leland In addition to helping the Oxleys The acquisition of new accounts, the their participation in the 30th Food said. Sauces include whole celery test batch products, Juan Specialty release of our Wildfire Hot Sauce in & Wine Classic in Aspen in June to seeds and peppers rather than horse- Foods has scaled the sauce recipes February and the onset of barbecue develop their capital-investment plan. radish. to enable the production of larger season.” “It takes a lot of energy and time Eliminating the traditional batches. The company also manages Startup costs to this point have run and could change the trajectory of Worcestershire sauce from the online sales. about $150,000 and come from co- the business,” Leland said. “We’ll see full-bodied, flavorful Sweet Honey “We’re bottling our products every owners Leland and Carolyn, family what this does to our orders and value Lavender Barbecue Sauce makes it one and one-half to two months and and friends. the company at that point.” vegan. approximately doubling the produc- The funds covered commercial Carolyn described selling as one of Some of the ingredients for Moth- tion amount each time,” Carolyn test batches and UPC codes to get the their main challenges in the process erlode products come from farms said. bottles on store shelves. so far. in places such as Washington and Motherlode Provisions beat sales Additional investments include “There are times I have to sit in the California, while others come from forecasts for December with $5,173 label and website design by Patrick car, think through how I’m going to Savory Spice Shop in Boulder. in revenue instead of $3,565. “That Creyts in Denver and marketing do it and take a deep breath before I The five products retail from $5.99 was partly due to Bloody Mary season material development by Gretchen walk in,” she said. to $10.99 and sell in states from Mis- kicking in,” she said, “but also due to Heine in Jamestown. “We’re in so many places now,” souri to California. the fact that we had just made our “We’re getting ready to seek addi- Leland added, “that people have posi- Motherlode Provisions sauces are Rocky Mountain Hot Sauce. tional funds and formed an advisory tive feedback from having used our produced and bottled by co-packer “In November, overall case sales for board to help us with that,” Leland sauces, and that makes it a lot easier.” 22A | May 25- June 7, 2012
OPINION BOULDER COUNTY BUSINESS REPORT WWW.BCBR.COM Congress should rescind tax on medical devices
ne should never be surprised at the ineptitude that’s some- Otimes displayed by members of Congress. Partisan politics, haste and a lack of understanding of the economic impact of their policies often produce bad legislation. But sometimes, Congress so bun- gles policy that it’s truly staggering. That’s the case with a planned 2.3 percent federal tax on medical devic- es — part of the Affordable Care Act that narrowly passed Congress in 2010. The tax, slated to go into effect in 2013, will have a devastat- ing impact on the medical-device sector, which represents thousands of jobs in the Boulder Valley. A spokeswoman for Covidien ‘Mercury 100’ honors fastest-growing Plc, which employs 1,400 workers in Gunbarrel, told Boulder County $10.6 million last year. CEO Jeff Some years, the Mercury lists Business Report staff writer Beth Hanover Financial, Bisberg has done an amazing job might be dominated by one sector or Potter that the tax would cause a growing the company, which devel- another. During the heyday of eco- drop in research-and-development Albeo lead rankings ops lighting systems for industrial nomic growth, Northern Colorado’s funding at Covidien’s $18 million ew local business-related and commercial applications (and list saw many construction-related Innovation Center in Boulder. events generate as much enthu- which recently companies, for example. (Come to Fsiasm — and fun — as the secured millions think of it, this year’s Boulder Valley Mercury 100, honoring the fastest- in venture capi- lists include many such companies, EDITORIAL growing private companies in the tal). signaling that the construction sector Boulder Valley. Or how is bounding back.) Robert Kline, founder and former Locally based private companies about Hanover But Mercury, for the most part, CEO of Medivance Inc. in Louis- are ranked based on two-year rev- Financial Ser- is all about diversity in terms of the ville, told Potter that startup med- enue growth, in this case from 2009 vices, which grew industries represented. ical-device companies will struggle to 2011. We publish two lists, recog- from $385,000 As diverse as these companies with the new tax, and that some nizing 50 companies with revenue of PUBLISHER'S in revenue two are, every one of them faces many of might opt to move offshore. Other more than $2 million, and 50 with NOTEBOOK years ago to $1.5 the same struggles: how to handle executives from local medical-device revenues of less than $2 million. Christopher Wood million last year? extraordinary growth and the companies were equally concerned. The 2012 event was conducted That represents impact that growth has on systems, The tax would be on the gross May 24 at the Plaza Hotel & Confer- growth of 289 cash flow and people. revenue of medical-device firms, ence Center in Longmont. percent. CEO Ronald Blekicki leads It’s in those issues that companies effectively doubling the tax paid by We began the Mercury 100 at the company, which works with busi- in vastly different fields find com- these companies. This will cause our Northern Colorado publication nesses on business-development strate- mon ground. companies such as Covidien to slash many years ago, and it’s proved a gies. This year, I’m very grateful for spending on research and develop- mainstay, both in that region and in Together, Albeo and Hanover the work of our chief researcher, ment, and will deter them from the Boulder Valley. Why does Mer- represent two very different com- Mariah Gant, and to our editorial making additional hires. cury 100 resonate so much, with panies, each experiencing amazing team, including our editor, Doug Sto- Executives with the Colorado me and with the public? growth. Rounding out the top five rum; copy editor and writer, Dallas Bioscience Association are watch- For me, Mercury is probably my in each category, we see companies Heltzell; and our reporters, Michael ing the measure closely, noting that favorite event because it fosters from the marketing, architecture, Davidson and Beth Potter. I hope you some in Congress are attempting to connection with fast-growing, high- software, therapeutic massage, natu- enjoy our special publication in this repeal the tax before it takes effect. energy companies that are led by ral foods, online software, industrial edition, featuring articles on many of Repeal of this tax should happen some amazing entrepreneurs. Who products and fiber-optic sectors. the fastest-growing private companies. now. Bolstering the U.S. economy could not be energized by speaking And therein lies another reason And who knows? Maybe your will require investment in research with executives who have led their that Mercury 100 has become my company will make the list in 2013. and development to ensure that the company to 426 percent growth? favorite event: The variety of indus- nation maintains its lead in key sec- That was the case with Albeo Tech- tries represented, and the intermin- Christopher Wood can be reached tors, including medical devices. nologies Inc., which jumped from gling that occurs as these entrepre- at 303-440-4950 or via email at To tax the gross revenue of an $2 million in revenue in 2009 to neurs gather in one room. [email protected]. entire industry is akin to deconstruc- PUBLISHER WEB DESIGNER CIRCULATION MANAGER tion of that sector. Why not simply Christopher Wood...... [email protected] Dennis Mohr...... [email protected] Janet Hatfield...... [email protected] bulldoze their research laboratories? EDITOR GRAPHIC DESIGNER CARTOONIST The effect will be the same. Doug Storum...... [email protected] Denise [email protected] Ron Ruelle We urge members of the Colo- COPY EDITOR SALES DIRECTOR CONTRIBUTING PHOTOGRAPHERS Dallas Heltzell...... [email protected] Kevin Loewen...... [email protected] Jonathan Castner, Michael Myers, Peter rado congressional delegation to take Wayne VOLUME 31, ISSUE 12 WRITERS MARKETING MANAGER the lead in repeal of this tax, quickly. BOULDER COUNTY BUSINESS REPORT Michael [email protected] De Dahlgren...... [email protected] CONTRIBUTING WRITERS To delay will cause more uncertainty 3180 Sterling Circle, Suite 201, Beth Potter...... [email protected] Keely Brown, Valerie Gleaton, Elizabeth Boulder, Colo. 80301-2338, is EVENTS MANAGER Gold, Heather McWilliams, Jeff Thomas for companies that are budgeting RESEARCH DIRECTOR Jill Deleary...... [email protected] published biweekly by BizWest Mariah Gant...... [email protected] To advertise or subscribe: 303-440-4950 now, or soon will be, for 2013. Media LLC a Colorado corporation, ACCOUNT EXECUTIVES Fax: 303-440-8954 Online edition: www.BCBR.com in Boulder, Colo. PRODUCTION DIRECTOR Storm Hostettern...... [email protected] The entire contents of this newspaper are copyrighted by Ineptitude got us into this mess. Dave Thompson.... [email protected] Dave Thomas...... [email protected] BizWest Media with all rights reserved. Reproduction or We hope that common sense will get use, without permission, of editorial or graphic content in WEB/ART DIRECTOR us out. Brittany Rauch...... [email protected] any manner is prohibited. Boulder County Business Report | www.bcbr.com May 25 - June 7, 2012 | 23A Electricity provider Bicent restructures in bankruptcy BY DOUG STORUM operation. Debtors and creditors are Bicent R.F. LLC, which in turn whol- power plant in Hobbs, New Mexico. [email protected] allowed considerable flexibility in ly owns Bicent Funding LLC, which But CEM hit a snag when Lea Power working together. in turn wholly owns Bicent Power, the Partners LLC, owner of the Hobbs LAFAYETTE — Bicent Holdings Bicent Holdings has negotiated a company’s principal operating entity, project, filed a suit alleging that CEM LLC, an electricity provider based in deal with its creditors to emerge from which is responsible for first- and was negligent in performing its duties Lafayette that operates a coal-fired bankruptcy, according to the filings. second-lien bank debt, according to on the construction of the plant and plant near Billings, Montana, and a Bicent Holding’s largest creditor is Bar- court documents sought more than $114 million in dam- natural gas-fired plant outside the clays Capital, which has a $65.5 million Bicent Power owns subsidiaries ages because of delays. An arbitrator San Francisco Bay area, has filed for claim. Court documents did not indicate Colorado Energy Management LLC in said LPP did not prove CEM was neg- Chapter 11 bankruptcy protection. whether unsecured creditors or equity Lafayette, Centennial Power LLC in ligent, but did find that CEM breached Bicent Holdings and 12 affiliate holders would receive any recovery. Bismarck, North Dakota, and San Joa- the Hobbs contract and awarded LLP companies owe about $383.7 million of Court documents filed by chief quin Cogen LLC in Lathrop, California. $22 million in damages. outstanding principal debt from various financial officer Christopher L. Ryan Bicent Power’s acquisition of Colo- Bicent Holdings is owned by non- credit agreements, according to docu- said Bicent Holdings’ filing was attrib- rado Energy Management and Cen- debtor Bicent Prime Holdings LLC, ments filed as part of the bankruptcy utable to “a series of unexpected and tennial Power in 2007 was based in which in turn is 87 percent owned by filed in the District of Delaware. unforeseen events, including market large part on CEM receiving approx- Natural Gas Partners VIII LP, Natural In Chapter 11 bankruptcy, the pressures, declining revenue and the imately $25 million in incentives Gas Partners IX LP and NGP IX Off debtor remains in possession of loss of a major arbitration case.” and bonus fees in connection with shore Holdings LP, and 13 percent by the business and in control of its Bicent Holdings wholly owns the completion of a combined cycle Beowulf (Bicent) LLC.
BCBRDAILY from 2A
Citizens hires Bartholomew 18 locations across Colorado, includ- Starboard will use the Series B health and science technologies segment. DENVER — Laurie Bartholomew, ing branches in Longmont, Firestone, round to expand sales, marketing and Posted May 14. a former president at U S Bank in Greeley, Johnstown, Loveland and operations. Boulder, has been named area execu- Milliken. Colorado Community Bank Starboard’s AC72 Storage System Harvest House’s GM resigns tive for First Citizens Bank’s 11 loca- has more than $500 million in assets. simplifies storage management in mod- BOULDER — Hotelier Dan Pir- tions in Colorado. Carlile Bancshares was founded in ern IT environments by leveraging pat- rallo resigned from his job as general Bartholomew will work out of offic- 2009 and has assets of about $300 ented dynamic pooling and autonomic manager at the Millennium Harvest es in Cherry Creek and at the bank’s million. Carlile owns two bank sub- storage-tiering technologies. The AC72 House Boulder effective May 11 branch in Boulder at 1601 28th St. sidiaries, including The Bank at Broad- delivers twice the performance at half There has been no announcement She is responsible for all commercial, moor. The Bank at Broadmoor has four the cost of competing unified storage about his replacement. business and retail banking efforts for locations in Colorado Springs. systems, the company claims. Pirrallo has been heavily involved First Citizens Bank branches across The final purchase is pending regu- Posted May 15. in the local business community, the state, said Frank Smith, a spokes- latory approval, Lynch said. serving as vice chairman of the Boul- man for the bank’s parent company, Posted May 17. IDEX buys Precision Photonics der Economic Council, and he was First Citizens BancShares Inc. (Nasdaq: BOULDER — Industrial meter- inducted into the Boulder County FCNCA) in Raleigh, North Carolina. Foundry invests in Mocavo ing and equipment company IDEX Business Hall of Fame in 2007. Bartholomew served as U S Bank’s BOULDER — Mocavo Inc., a Corp. bought optical components and Pirrallo was named Colorado market president in Boulder for Boulder-based company that is devel- coating company Precision Photonics Hotelier of the Year by the Colorado almost five years, after being named oping specialized search engines Corp. for $20 million. Hotel and Lodging Association in to the post in October 2007. She and other online tools for genealogy Boulder-based Precision Photon- 2009. He also served as president of previously was market executive for researchers, announced May 16 that ics will remain at its office at 3180 the Boulder Hotel and Motel Associa- business banking at Bank of America it has closed a $4 million Series A Sterling Circle, but its sign will be tion for three years. in Chicago. Bartholomew is a Uni- funding round with an investment changed to say that it is now a unit Pirrallo served as general manager versity of Colorado-Boulder graduate from the Foundry Group Inc. of IDEX, said Nick Traggis, the com- at the Harvest House for more than 10 and serves on the Boulder Econom- Seth Levine, managing director of pany’s vice president. years. The hotel at 1345 28th St. has ic Council, an arm of the Boulder the Boulder-based Foundry Group, Lake Forest, Illinois-based IDEX 269 rooms and conference facilities. Chamber that champions a healthy will join Mocavo’s board of directors. (NYSE: IEX) - whose name stands Posted May 10. economic business climate in Boulder. Mocavo will use the money to add for Innovation, Diversity, Excellence First Citizens purchased both the developers and project engineers, the - also owns Advanced Thin Films Inc. Two bank branches to combine former Denver-based United Western company said in a blog post. in Boulder, a similar optical compo- BOULDER — Guaranty Bank Bancorp Inc. and Castle Rock-based The Foundry Group decided to nents and coating company. and Trust Co. will consolidate its Colorado Capital Bank in 2011. Both invest in Mocavo because it offers bet- Precision has about 30 employees two branch banks in Boulder when banks had Boulder branches. First Citi- ter search tools and ways to use social and expects to grow and add more it opens a new branch bank in down- zens Bank in Boulder is located in the media to share findings and work col- employees in coming months as a town Boulder by the end of the year. former United Western branch, and the laboratively, Levine wrote in a post on result of the sale, Traggis said, without Bank employees will move into the bank closed the former Colorado Capi- the Foundry Group’s blog. giving specifics. Precision will operate remodeled space at 1300 Walnut St. tal Bank location at 1434 Spruce St. Mocavo was a member of the Tech- in IDEX’s optics and photonics divi- from the bank’s current branch bank First Citizens has 435 branches and Stars Boulder Class of 2012. Founder sion within the company’s health and at 1375 Walnut St., said Pat O’Brien, $21 billion in assets. The company and chief executive Cliff Shaw has science technologies segment. Guaranty Bank’s Boulder market pres- has about 4,400 employees. founded and sold three other software Precision makes custom coatings ident. Guaranty will close its branch at Posted May 17. companies specializing in genealogy, for optics used in high-precision laser 2460 Baseline Road in South Boulder, according to the company. systems, Traggis said. Its components and employees at that branch will Community Bank’s parent sold Posted May 16. and coatings are used in scientific work at the new office, he said. LONGMONT — Colorado Com- research in the aerospace and tele- The bank also plans to hire new munity Bank expects to grow as a Starboard raises $13 million communications industries and in employees in coming months to sup- result of the sale of its parent com- BROOMFIELD — Starboard electronics manufacturing. IDEX port growth, O’Brien said. Treasury pany to Fort Worth, Texas-based Car- Storage Systems Inc. in Broomfield specializes in fluid and metering tech- management and private banking ser- lile Bancshares Inc., bank president has received a $13 million round of nologies, health and science technolo- vices are being added to the Boulder Patrick Lynch said May 17. funding. gies, dispensing equipment, and fire bank branch’s capabilities, he said. Terms of the deal were not disclosed JP Ventures GmbH and existing and safety products in niche markets Local contractors are doing the between Washington Investment Co. investor Grazia Equity GmbH par- to a wide range of industries around remodeling work at the new branch. of Yuma, parent of Colorado Com- ticipated in the round. JP Ventures the globe, the company said. Denver-based Guaranty is a sub- munity Bank, and Carlile Bancshares. invests in technology startup compa- IDEX reported operating income sidiary of Guaranty Bancorp (Nasdaq: The bank’s name will stay the nies and is headquartered in Ohrin- of $89.5 million in the first quarter of GBNK). It also has four branches in same, Lynch said. gen, Germany. Grazia Equity is based 2012. The company reported sales of Longmont and one in Lafayette. Colorado Community Bank has in Stuttgart and Munich, Germany. $174 million in the first quarter in its Posted May 9. brinkman BRINkMAN - The Contractor of Choice in Boulder County
Brinkman Construction continues to build its presence in Boulder County with the construction of four new projects. Plaza on Broadway Hampton Inn & Suites Baseline Crossing Breeze Thru Carwash
PLAZA ON BROADWAY 955 Broadway Street This 98,208 SF redevelopment of two former fraternity houses is located directly across from the University of Colorado campus. It will consist of two, three-story student apartment buildings totaling 159 beds. The apartments will offer two, three and four bedroom units available for rent per bed. This will be the first Green Globe certified multi-family project in Boulder. Coming Fall 2013! HAMPTON INN & SUITES 6333 Lookout Road The 69,100 SF, three-story hotel will feature a conference room, board room, pool and hot tub area, workout facility and breakfast area. Of the 100 total rooms, 30 will be suites. With its location just off Colorado State Highway 119 and in the midst of numerous businesses, the hotel will target business travelers. It is proposed to be the first new construction LEED Silver certified hotel in Boulder. Coming Summer 2013! BASELINE CROSSING 2900 Baseline Drive This is a 17,000 SF, two-building commercial infill redevelopment project near the corner of U.S. Highway 36 and Baseline Road. Brinkman will serve as the general contractor for the core/shell build out. The East Baseline project is one of two redevelopment projects that developer East Baseline Investors is leading near the U.S. 36-Baseline Road interchange. Coming Winter 2012! BREEZE THRU CARWASH 1213 Ken Pratt Boulevard This 5,700 SF carwash is located within Sherman Village in Longmont. It will include a tunnel wash facility, a 2,580 SF vehicle detail building and self-serve vacuum stations. The project is currently going through the necessary site development in preparation for construction. Coming Fall 2012!
Brinkman Construction | 970.267.0954 | www.brinkmanpartners.com