Rich Laden

Business Reporter

  • Think Colorado Springs housing prices are high? New study gives perspective

    Published: Sat, Nov 15, 2014

    Colorado Springs has some of the most inexpensive home prices in the state, a new national study shows. The price for a four-bedroom, two-bathroom single-family home in the Springs averaged $223,060 in the first half of this year - lowest among all but one of 28 Colorado communities...

  • Trader Joe's opening another Colorado store in February

    Updated: Fri, Nov 14, 2014

    Now that Trader Joe's has opened in Colorado Springs, it's setting its sights on Fort Collins. The popular California speciality grocer will open a 12,200-square-foot store at 8 a.m. Feb. 27 at 3500 S. College Ave. in Fort Collins. It will be the sixth Trader Joe's in Colorado....

  • Colorado Springs developer taking time to decide fate of Banning Lewis Ranch

    Updated: Fri, Nov 14, 2014

    Nor'wood Development Group says it might take up to two years to decide what it will do with the roughly 18,000 acres of the Banning Lewis Ranch that it purchased this week for $28 million. "It is our intention to assess the entire property, its relationship with adjacent uses,...

  • Developer says it has finalized purchase of Banning Lewis Ranch

    Updated: Thu, Nov 13, 2014

    Real estate company Nor’wood Development Group of Colorado Springs said Wednesday's it has completed its purchase of roughly 18,000 acres of the Banning Lewis Ranch, which makes up the eastern one-third of the city. "As a locally owned multi-generational business operating in the...

  • Woodland Park company reaches valve technology deal with Florida firm

    Published: Wed, Nov 12, 2014

    Woodland Park-based Sturman Industries has inked a licensing agreement with Sun Hydraulics Corp. of Florida that calls for Sturman's sophisticated digital valve technology to be used in Sun's products. Under the agreement, Sturman will research and develop new valve products for Sun,...

  • SBA loans made to Colorado Springs-area businesses plunge in 2014

    Published: Mon, Nov 10, 2014

    The dollar value of local small business loans backed by the federal government plunged in El Paso County in 2014 when compared with last year's record high, even as the rest of the state saw hefty increases. For the federal government's 2014 fiscal year, which ended Sept. 30,...

  • Slow to start, development near Colorado Springs now thrives

    Updated: Mon, Nov 10, 2014

    In 1984, GTL Development, a Southern California real estate company that was looking to diversify its portfolio, bought 2,600 acres in the middle of nowhere northeast of Colorado Springs - and promptly sat on the property for almost two decades. Buy-and-hold strategies aren't new,...

  • 'Economy' extended-stay hotel coming to Colorado Springs' northwest side

    Updated: Fri, Nov 7, 2014

    Value Place, a no-frills, extended-stay hotel chain based in Wichita, Kan., has started construction on a second Colorado Springs location on the city's northwest side. The 124-room Value Place, which bills itself as "affordable, safe and clean," is targeting a June 25 opening at 3350...

  • Colorado Springs-area home prices, sales up again in October

    Published: Thu, Nov 6, 2014

    Last month continued to be a good time to sell a single-family home in the Colorado Springs area, as demand remained strong and prices rose again. Local home sales totaled 972 in October, a 4.6 percent increase over the same month last year, a report this week from the Pikes Peak...

  • Colorado Springs-area foreclosure activity increases in October

    Published: Tue, Nov 4, 2014

    Foreclosure activity in El Paso County, which has been up and down during 2014, was up again last month. Foreclosure filings - the start of the legal process that can lead to the loss of a property - totaled 160 in October, according to a report released Monday by the El Paso County...