Eminent-domain action imminent?
Transcription
Eminent-domain action imminent?
$1 BLUEPRINTS GREEN BUILDING GUIDE Homeowners are itchin’ to spruce up their kitchens Builders make headway on energy-efficient homes SECTION B SECTION C Volume 32 Issue 8 | March 29 - April 11, 2013 Eminent-domain action imminent? BY BETH POTTER bpotter@bcbr.com LONGMONT — City officials paid $8,500 for an appraisal of the Dillard’s store at Twin Peaks Mall recently in connection with talk of invoking eminent domain on the property. All details of the appraisal — including the price of the building Appraisal signals possible impasse between mall developer, Dillard’s and/or the property on which it sits, when the appraisal was done and the company or individual who did the work — are considered confidential under the “attorney-client communication privilege” and the “attorney work product privilege” of the Colorado Open Records Act, according to Rigo Leal, a Longmont city spokesman. After more than a year of negotiations, Twin Peaks Mall developer VOLUME 2 | EDITION 1 | APRIL 2013 | BIZWEST MEDIA RESEARCH colorado Cancer drug could be Array’s ticket Boulder-based biopharma enters final trials for new treatments HELPING AT HOME University researchers improving lives of Coloradans 10 BIOSCIENCE FLOURISHES From Fort Collins to Aurora, research and startups thriving 31 GROUND CONTROL CU-Boulder’s $485 million mission to Mars prepares for liftoff 52 SIDE-BY-SIDE Students learn the ropes in the lab right next to veteran scientists 72 SPONSORED BY ➤ See Eminent, 14A Bills aim to close frackers’ loopholes BY DALLAS HELTZELL Research Colorado reports on vital work Universities and federal laboratories along the Front Range have a huge impact on the local economy, and their professors and researchers make discoveries that improve the way we live. This special publication contains feature articles highlighting the economic impact, key areas of scientific excellence, and profiles of new initiatives and researchers. Read about unraveling the mysteries of wildfires, 10 life-changing ideas, and how scientists are using genetics to redefine the “hows” and” whys” of substance abuse. NewMark Merrill Mountain States appears to be at an impasse with Dillard’s over redevelopment plans for the mall. Project manager Allen Ginsborg did not return repeated requests for comment. Dillard’s spokeswoman Julie Bull said March 25 that the department store retailer had nothing new to say when asked about possible continued negotiations with New- dheltzell@bcbr.com COURTESY ARRAY BIOPHARMA INC. Array BioPharma Inc. employee Tomas Kaplan works on a chemical synthesis project for discovering new drugs at Array’s laboratory at 3200 Walnut St., in Boulder. Array has five drug candidates in the late stages of development — two on its own and three in partnership with other pharmaceutical companies. See story, 11A. Serving Boulder & Broomfield Counties Boulder County’s Business Journal WASHINGTON — A bill introduced this month by Rep. Jared Polis, D-Colo., aims to make sure oil and gas extraction companies that use hydraulic fracturing follow the same federal anti-pollution rules that cover other industries. HR 1154 has been named the BREATHE Act, which stands for Bringing Reductions to Energy’s Airborne Toxic Health Effect. Polis also is co-sponsoring a related bill, HR 1175, dubbed the FRESHER Act, for Focused Reduction of Effluence and Stormwater runoff through Hydraulic Environmental Regulation, and sponsored by Rep. Matt Cartwright, D-Pa. CONTENTS Awards ....................... 17A BCBRdaily.................... 2A Business Digest ......... 18A Blueprints Calendar..................... 19A Directory of builders CEO Roundtable .......... 4A Section B Editorial ...................... 22A Green Building Guide Eye ............................... 3A Energy efficiency Bioscience Focus on medicine 11A ➤ See Bills, 14A For the Record ........... 16A Medical File ................ 10A Nonprofit Network...... 19A On the Job ................. 19A Product Update.......... 18A Publisher’s Notebook... 22A Real Estate ................. 20A Section C Distinctive Homes A look at luxury Section D LISTS Bioscience Companies ......12A Private-Sector Employers ..15A 2A | March 29 - April 11, 2013 Boulder County Business Report | www.bcbr.com PUC blocks Xcel Energy’s smart-grid fee hikes Editor’s note: The following is a wrapup of breaking local business stories published daily on the Boulder County Business Report’s website. Sign up for our free BCBRdaily, an all local e-news report sent to your email each weekday. Just click on “Register for E-Newsletters” at www.BCBR.com. BY BUSINESS REPORT STAFF news@bcbr.com DENVER — Xcel Energy Inc. will not be allowed to collect $16.6 million from customers in connection with its SmartGridCity pilot project in Boulder, the Colorado Public Utilities Commission ruled March 19. The SmartGrid City project, started in 2008, allowed Xcel (NYSE: XEL) to manage voltage flows on appliances for customers who signed up for it. An administrative law judge ruled in February that the electric and naturalgas utility should not be allowed to collect the $16.6 million in program costs because Xcel did not meet criteria that showed customer benefits. PUC commissioners upheld the administrative law judge’s decision. In particular, Xcel’s application to the PUC to allow the utility to recoup the $16.6 million through customer rates did not meet predetermined criteria, according to a PUC spokesman. Posted March 21. BlogFrog renamed as TapInfluence BOULDER — BlogFrog Inc. has outgrown its name. The newly named TapInfluence Inc. in Boulder released a new, cloudbased “influencer marketing” software platform March 18. Software on the platform will help companies with well-known consumer brands connect with “influencers,” or people with significant audiences on social media sites who write about those brands, said Holly Hamann, a company co-founder. BCBR DAILY In the past, Hamann said, “(our) software was meant to help brands connect with bloggers. Now, this is really people with significant audiences on Facebook, Pinterest and YouTube.” “Influencer marketing” is seen as increasingly important as customers ignore banner ads on websites, according to a TapInfluence press release. So, for example, Haven Home, a division of Reader’s Digest North America, has signed on to use the new software in online marketing campaigns, according to the press release. Financial details of the Haven Home deal were not disclosed. BlogFrog Inc. started in 2009 in Boulder as a network of bloggers that grew to reach an estimated more than 5 million female consumers online, the company has said. Posted March 18. Amadeus develops OR software BOULDER — Software developer Amadeus Consulting Services LLC will develop an operating-room safety system modeled after an airplane safety checklist for medicalequipment manufacturer Parallax Enterprises LLC. Terms of the deal between Boulder-based Amadeus and Pikesville, Maryland-based Parallax were not disclosed. Amadeus recently bought a 5 percent stake in Parallax. Amadeus is building the Consolidated Healthcare and Resource Ma nagement s ys tem acros s a HIPAA-compliant cloud system, an operating room hardware suite and an enterprise software suite. It will use interactive checklists and a medical display that shows surgeons critical information about the patient, along with a surgery checklist. The system is designed to increase patient safety and decrease medical mistakes in the operating room. Jeffrey Woolford, chief executive of Parallax, is a licensed physician and pilot, one of only 12 pilot-quali- fied flight surgeons in the Air Force. After his stint with the Air Force, he enrolled in medical school at the Uniformed Services University in Bethesda, Maryland, where he earned his doctorate in medicine. Posted March 15. BiOptix closing funding round BOULDER — Approval from a Russian venture capital firm means research biosensor company BiOptix Diagnostics Inc. is about to complete a $5 million funding round. Moscow-based Rusnano Group on March 14 committed the final $800,000 of the round, according to Richard Whitcomb, Boulder-based BiOptix’s president and chief executive. The other $4.2 million was led by Boulder Ventures Ltd., Dallasbased Remeditex Ventures LLC and private investors. The money mostly will be used for sales and marketing, Whitcomb said. “We want to move strongly in the market and especially get our products into the hands of the local biotech industry,” he said. “The industry is everywhere, but an important piece of the biotech pie is here in Colorado.” The company markets a biosensor device, the BiOptix 404pi, which uses optical technology that ➤ See BCBRdaily, 10A Investing in the health of our community. Guaranty Bank and Trust helps Longmont United Hospital manage their day-to-day banking and expand their facilities to further support their overall mission. A Colorado bank for over 50 years, Guaranty Bank offers practical advice, personalized solutions and local decision making. We’re here to help you reach your financial goals. GuarantyBankCO.com 303.293.5500 | 970.454.4220 Dr. Fabio Pivetta, DO Erin Dobbs, BSN Longmont United Hospital 12GBT BCBR Ad_LongmontFO.indd 1 1/12/12 8:15 AM March 29 - April 11, 2013 Boulder County Business Report | www.bcbr.com | 3A Smoking ban on Pearl Street Mall starts April 1 BY DOUG STORUM dstorum@bcbr.com BOULDER — A delay in the manufacturing of “No Smoking” signs has postponed the enforcement of a smoking ban on the Pearl Street Mall in Boulder that went into effect Jan. 18. Enforcement will begin Monday, April 1, after the signs are installed on the outdoor mall during the last week of March. They were ordered in December. The signs are custom enameled and take longer to fabricate, according to a city press statement. The enamel signs are more resistant to graffiti and other tampering. The ordinance bans smoking between 11th and 15th streets on the mall, and on the lawn of the Boulder County Courthouse. The maximum penalty for a first or second offense within two years is a fine of $500; a third and subsequent conviction within two years triggers the general penalty provision of a maximum $1,000 fine and/or maxi- Oil baron mum of 90 days in jail. Boulder police officers who patrol on the Pearl Street Mall have been educating people about the smoking ban since it went into effect, and have not written any tickets while the signs were being manufactured, according to statement released by the city Thursday. The city is collaborating with several partners, including Boulder County Public Health and Downtown Boulder Inc., to create an educational campaign for downtown employees and visitors about the smoking ban on the mall. An event will be held from 11:30 a.m. to 1:30 p.m. Friday, April 12, on the 1300 block of the mall, where Boulder County, city of Boulder and DBI staff will be available to answer questions about the smoking ban and about free resources available for individuals who wish to quit smoking. Boulder County Public Health website for smok ing cessation resources: bouldercounty.org/family/ healthyhome/pages/smokefree.aspx. Book savors running’s local flavor Believe it or not, distance running has not always been a popular activity, unless you were a caveman trying to hunt animals. So who do we have to thank for the immense popularity of running as a sport in the United States, and especially the Boulder Valley? Author Cameron Stracher, a runner who resides in Westport, Connecticut, has boiled it down to three men in his new book “Kings of the Road: How Frank Shorter, Bill Rodgers and Alberto Salazar Made Running Go Boom.” Shorter won America’s first gold medal in the Olympic marathon in 64 years when he won the race in Munich in 1972. Nearer home, he was instrumental in creating the Bolder Boulder running race. BCBR EYE JONATHAN CASTNER Steve Lewis, an importer of organic extra virgin olive oil, said the appeal of his olive oils is the short time it takes for them to go from olives to oils and then the limited time they are sold as fresh. Fresh from Mediterranean olive trees to area gourmets BY ELIZABETH GOLD news@bcbr.com BOULDER — Restaurants such as the Mediterranean and Oak at Fourteenth strive for fresh ingredients and unique tastes to keep diners coming back for more. It’s no surprise, therefore, that finding olive oil that’s as close to the tree as possible stands at the top of their shopping lists. “The chefs I deal with know what’s good,” said Steve Lewis, founder and owner of Giuliani Direct Olive Oil. The appeal of his organic extra virgin olive oils is the short time it takes for them to go from olives to oils and then the limited time they are sold The chefs I deal with know what’s good. Steve Lewis FOUNDER/OWNER, GIULIANI IMPORTS LLC as fresh. Lewis launched the business in 2010 as a natural accompaniment to Giuliana Imports LLC, a wine importing company he founded with Tavio Laudisio in 1996 in Boulder. Both the wines and the organic extra virgin olive oils are products of the Mediterranean. “The oils come exclusively from the Mediterranean region because that’s where the wines are from. I know the lay of the land,” Lewis said. Some of the wine producers with whom he’s worked over the years also are producers of the olive oils. “The Mediterranean is the motherland of olive oil,” he said. “There are 250 million olive trees in the world, and 95 percent of them are in the Mediterranean Basin. And with 500 different types of olives, 300 of them are in Italy.” Lewis saw the opportunity to branch out into olive oil sales as a way to explore options that aren’t available to him as a wine importer. ➤ See Baron, 23A Stracher describes Shorter, who trained and still lives in Boulder, as a Yale graduate and medical school student who ran in his spare time while pursuing a traditional career path. But eventually he gave up med school so he could train more. Stracher paints Rodgers as a chain-smoking motorcycle-loving 20-something who spent his free time hanging out in Boston bars. Then someone stole his motorcycle. Then he was fired from his job. Feeling adrift, he threw himself into running. And Salazar, Stracher explains, started breaking records at age 16. His father, a Cuban exile, was unhappy with life in America. To please him, Alberto ran and ran. At 22 he predicted that he would finish his debut marathon in less than 2 hours and 10 minutes — and succeeded. The book shows how these runners f lourished at a time when injury treatment was limited and financial compensation was almost nonexistent. 4A | March 29 - April 11, 2013 Boulder County Business Report | www.bcbr.com Still drinking bottled water at the office? Go Bottle-less for $1 a day All the BUSINESS NEWS You Need. Filtered Water Coolers Cleaner + Greener + Responsible www.bcbr.com 720-320-6630 clearH2Ocoolers.com Find your Green Building Professional Resources for Home & Business Owners * Find a local green building professional * in our online directory * Ask our members questions about your * project on our online “Ask an Expert forum” Tap Our Local Expertise *Realtors *Landscapers *Contractors *Renewable Energy Experts *Architects Working on a Building Project? ... Find out how to save energy and money Make sure you know about current rebates and incentives * Energy Auditors *Suppliers & More The Guild is the “go-to-place” to find your professional and get your questions answered. info@bgbg.org 303 447 0901 www.ColoradoGreenBuildingGuild.org She’s always been there for me. Roundtable panelists cite keys for renewable energy Consumer savings, incentives top list BY BETH POTTER bpotter@bcbr.com BOULDER — Consumers looking to save money on utilities and government financial incentives appear to be the two key factors driving renewableenergy growth. Whether it’s buying an electric car or converting a gas-powered car to run on electricity, or participating in an Xcel pilot program to save energy and money, consumers want to pay the same or less for renewable energy, according to participants March 19 at the Boulder County Business Report’s CEO Roundtable on Smart Grids & Alternative Transportation. For example, many of Xcel Energy’s customers were disappointed to find out that they saved just 75 cents to $1.50 while participating in a pilot program to save energy, said Andre Gouin, Xcel Energy Inc.’s business technology consultant managing the company’s Electric Vehicle and Smart Grid pilots. Customers who participated in the pilot program in Denver agreed to measures including having their air conditioners or refrigerators cycle less frequently during peak power demand time. “Customers are willing to change their behavior when given a price (goal),” Gouin said. “But there’s only so much we can adjust the price. There’s not enough room to make a dramatic impact.” One positive example of cost sav- ings, several participants said, is that electric-car buyers seem to be willing to pay more for their new cars, knowing that they will pay less for the electricity it takes to drive the cars than they would for the same amount of gasoline. Alfalfa’s Market grocery store in Boulder offers a free electric-car charging station for example, said John Gartner, research director at Navigant Research (formerly Pike Research LLC) in Boulder, a division of Navigant Consulting Inc. (NYSE: NCI). Electric cars, which make up 1 percent of all cars in the United States, can “charge up” for free at about 200 free charging stations around the state, most paid for with federal and state grants, Gartner said. On the negative side of the incentive equation, a $7,500 government rebate to convert gas-powered cars to electricity ended Dec. 31, said Paul Guzyk, owner of Boulder Hybrid Conversions LLC in Boulder. The company went from about 23 car conversions in one month to zero the next month, Guzyk said. Volatility of government-incentive dollars continues to have a negative effect on companies across the renewable-energy industry, said Andy Paliszewski, director of wind research and development at Siemens Energy Inc.’s office in Boulder. A wind-energy tax credit expired at the end of 2012, putting people out of work across the nation, Paliszewski said. “Wind is approaching (price) parity with fossil fuels,” he said. “But what we need is a predictive legislative climate.” Zam Energy LLC in Longmont ➤ See Roundtable, 5A CORRECTION In a story about Slow Money on Page 7A of the March 15 edition, information about Boulderbased Localization Partners LLC was unclear. Localization Partners LLC is a for-profit company that invests in other companies. It also is a member of the local Slow Money Investment Club. Localization Partners is owned by Transition Colorado, a nonprofit group that raises public awareness about environmental issues. Volume 32 : Issue 8 March 29 - April 11, 2013 Now, I want to do my best to be there for her, and Via helps me. I’m thankful that Via gets my mom to her doctor’s appointments when I can’t and keeps her connected to the community. Please donate to help ensure Via is there for you and your family. www.viacolorado.org 303.447.2848 Via is a private, nonprofit organization. Copyright 2013. BizWest Media LLC. Reproduction or use of editorial or graphic content without written permission is prohibited. The Boulder County Business Report (USPS 018-522, ISSN 1528-6320) Is published biweekly, with an extra issue in December, by BizWest Media LLC, a Colorado corporation, 3180 Sterling Circle, Suite 201,Boulder Colorado, 80301-2338. Periodical Postage Paid at Boulder, CO and at additional mailing offices. Subscriptions are $49.97. International subscriptions are $180.00. POSTMASTER; Send change of address notices to: The Boulder County Business Report, P.O. Box 270810, Fort Collins, CO 80527. (303) 440-4950 Fax: (303) 440-8954 E-mail:cwood@bcbr.com Web: www.BCBR.com March 29 - April 11, 2013 Boulder County Business Report | www.bcbr.com ROUNDTABLE | 5A from 4A looks for the chance to use feed-in tariffs on projects, said Erin Geegan Sharp, founder and chief executive of the renewable-energy development company. Feed-in tariffs, another government incentive, are designed to support investment in renewableenergy projects. As such incentives support more electric-vehicle charging stations and other related projects, American consumers will change their habits, Geegan Sharp said. “It’s the culture of ‘charging’ that America is going to start to experience,” he said. “It’s the adaptation of charging in a public environment.” In addition, retailers can benefit in the future by offering charging stations, said Charlie Olness, sales director at eGauge Systems LLC in Boulder, a company that manufactures meters that provide more information about power usage. “It’s a new behavior,” he said. “The companies that get it and can provide it will attract business.” Homer Energy LLC in Boulder looks for places where renewableenergy projects can make money without government incentives - usually developing countries and islands, said Peter Lilienthal, chief executive of the company. Homer Energy’s software can help make wind power and other renewable-energy sources operate more efficiently with an existing power grid to save money, Lilienthal said. DOUG STORUM Andre Gouin, left, a business technology consultant who runs Xcel Energy Inc.’s Electric Vehicle and Smart Grid pilot programs, said customers are willing to change their behavior when given a price goal, “but there’s only so much we can adjust the price.” Also participating in the Boulder County Business Report’s CEO Roundtable on Smart Grids and Alternative Transportation are from left, Erin Geegan Sharp, Zam Energy Inc.; John Gartner, Navigant Research; and Andy Paliszewski, Siemens Energy Inc. Participants John Gartner, Navigant Research, a division of Navigant Consulting Inc.; Erin Geegan Sharp, CEO, Zam Energy Inc.; Andre Gouin, business technology consultant, Xcel Energy Inc.; Paul Guzyk, owner, Boulder Hybrid Conversions LLC; Peter Lilienthal, CEO, Homer Energy LLC; Charlie Olness, sales director, eGauge Systems LLC; Andy Paliszewski, director wind research and development, Siemens Energy Inc. Moderator: Christopher Wood, publisher, Boulder County Business Report. Places that burn oil to make electricity, such as a native village in Alaska where two wind turbines were installed in a Homer Energy project, usually are good candidates for the software, Lilienthal said. “These odd places in the world are places where the renewables are going to be 60 to 70 percent of the grid. It’s possible with smart-grid technologies, but it … changes the way the systems operate,” Lilienthal said. Law firm Berg Hill Greenleaf & Ruscitti LLP in Boulder and certified public accounting firm EKS&H PC’s Boulder office sponsor the CEO Roundtables. Reliability you can count on. Our reliability record is among the best in the country. Reliable electric service depends on equipment, but poles and wires don’t carry it alone. It takes expertise and a skilled workforce. With Xcel Energy, you get the whole package—great people with the equipment to get the job done. When service is interrupted by a major snowstorm or a car’s encounter with a utility pole, we restore it as quickly and safely as possible. Our employees are often requested by utilities across the nation to assist in storm restoration. The people at Xcel Energy are among the best at what they do. You can see our crews repairing cables and installing poles. There are also people behind the scenes working hard to make sure you have the safe, reliable energy you count on every day. Energy is our only business. xcelenergy.com © 2013 XCEL ENERGY INC. 9.5x6.7_BoulderDaily_March2013.indd 1 3/21/13 1:07 PM 6A | March 29 - April 11, 2013 Boulder County Business Report | www.bcbr.com Tensentric’s know-how a lifesaver for medical clients Firm’s engineers focus efforts on development of medical equipment BY HEATHER McWILLIAMS news@bcbr.com BOULDER — Whether designing medical equipment for a doctor’s office down the block or a mobile medical unit meant to bump through the backcountry of Africa treating the poor, Boulder-based Tensentric Inc. offers clients needed engineering services. Founded in 2009, Tensentric designs and develops medical devices and life-science equipment for original equipment manufacturers. The company works with clients from the top 10 list of largest medicaldevice manufacturers in the market to start ups with an idea but not the staff or experience to implement it, said Wade Lukianow, chief executive officer of Tensentric. Clients own the idea and Tensentric provides the know-how. “They will give us entire projects, and we will develop the products for them under their name and often along with their team,” he said. Tensentric works on a pure services business model, and all intellectual property remains with the client. PETER WAYNE Wade Lukianow, chief executive of Tensentric Inc., reviews a component for a medical device with senior mechanical engineer Susan Scharf at the company’s office in Boulder. “I anticipate business opportunities will grow significantly in the next several years as we are now being sought out by potential clients,” Lukianow said. “Even if we invent something for them, they own that,” Lukianow said. Business swelled at Tensentric since its inception going from nine fulltime employees at the end of 2009 to 35 full-time employees now with a dozen part-time contractors. The Tensentric team of engineers ➤ See Tensentric, 8A “Your Trusted Source for Health & Wealth Information” AM 1060 • 303.776.2323 www.krcn1060.com KRCN 1060 AM • Small Business Advocate ........................ 5-7AM • Rebuild America with Jeff Santos ..........1-2PM • Straight Talk Money with Mike Robertson............................... 7-8AM • Healthline with Dr. Bob Marshall .....3:30-4PM • Business for Breakfast ............................ 8-9AM • Market Wrap with Moe Ansari ...............5-6PM • The Tonya Hall Show............................ 9-10AM • Repaving Main Street ..............................6-7PM • Scott Luther’s Gold & Silver Express ...................................11-12PM • Women’s Radio Network .........................7-8PM • Winning on Wall Street ...........................4-5PM • Boomer Radio Network ...........................8-9PM March 29 - April 11, 2013 Boulder County Business Report | www.bcbr.com | Realities for Children helps business as well BY DALLAS HELTZELL dheltzell@bcbr.com JONATHAN CASTNER Eric Schulz, executive director of Realities for Children Boulder County, shows off piggy banks that are sold to raise funds for the organization. People who bought the banks – Schulz calls them “piggy parents” – are saluted on the nonprofit’s Facebook page and will be honored April 25 at an awards luncheon. BOULDER — Can one organization be a business networker, an aggregator of social services and a provider of emergency funding for abused and neglected children — all at once — and devote every penny of its fundraising proceeds to its charitable mission? It’s been done successfully in Larimer County for 17 years. In Boulder County it’s now a reality as well. Realities for Children Boulder County will conduct a ribbon-cutting at 4 p.m. Thursday, April 11, at its office in northwest Boulder, marking the expansion of a dream hatched in the 1990s by a man its executive director, Eric Schulz, describes as “my big brother. Someday I’ll grow up to be just like him.” Craig Secher was a Larimer County child-protection case manager who had grown frustrated by watching children slip through the cracks of the system. Secher started the original Realities for Children in 1996 in Fort Collins, but knew that child-welfare agencies his organization wanted to fund would be in direct competition with each other in scrambling for the limited resources. In too many cases, that meant they didn’t work together and services ended up being doled out inefficiently. Secher’s solution was to create a hybrid two-pronged nonprofit: a 501 (c) 6 business association that has the same legal status as a chamber of commerce, and a 501 (c) 3 pure charity. The business arm raises money for Realities’ administrative costs and staff salaries through membership dues paid by private businesses, enabling NON PROFIT the charitable arm to raise money that all can be given back to member social-service agencies. In turn, the member businesses get to network and promote themselves through Realitiessponsored events and online. Schulz met Secher three years ago, said he was “very taken by his model of a healthy interface between the business community and service providers,” and copied it when he founded Realities for Children Boulder County in January 2012. “We’re not the spoke,” Schulz said. “We’re the axle.” ➤ See Realities, 23A LOOKING FOR A BANK THAT KNOWS YOUR BUSINESS, YOUR NAME... Vectra Bank. The Right Balance. OR BOTH? What makes Proactive Relationship Banking different? We’ve learned some valuable things from business owners over the years. First, they like working with smart people who understand banking. Second, they like working with people who care enough to spend time getting to know their business. Sounds simple, right? But the truth is, there are very few banks who can give you both. Capability and Consideration. That’s what you’ll come to expect from Proactive Relationship Banking at Vectra Bank. vectrabank.com 866-4VECTRA Boulder - Pearl 1700 Pearl St. Boulder, CO 80302 720-947-8450 Boulder - Broadway 2696 Broadway Boulder, CO 80304 720-947-8401 7A Proactive Relationship Banking Longmont 2011 Ken Pratt Blvd. Longmont, CO 80501 720-947-8470 Broomfield 1990 W. 10th Ave. Broomfield, CO 80020 720-947-8275 Thornton 4151 E. 136th Ave. Thornton, CO 80602 720-947-8040 Westminster - Park Centre 1955 W. 120th Ave. Westminster, CO 80234 720-947-8060 Westminster 3300 W. 72nd Ave. Westminster, CO 80030 720-947-8300 Member FDIC 8A | March 29 - April 11, 2013 Boulder County Business Report | www.bcbr.com Made in Nature moving HQ to Boulder BY DOUG STORUM dstorum@bcbr.com BOULDER - Made in Nature LLC has purchased the building at 1708 13th St. in Boulder, where it will relocate its corporate headquarters from Wellington, Florida. Made In Nature, an organic food company, will renovate the former Map Gallery building to house its offices and create an environment to engage with Boulder’s organic and natural-foods community. The purchase price of the building was not disclosed, and it sale has yet to be made public through the assessor’s office. TENSENTRIC Plans include building architectural garage doors that open onto the street. “We are very proud to join the thriving number of businesses dedicated to natural and organic products in Boulder and look forward to actively participating in this vibrant community,” said Doug Brent, president and chief executive of Made in Nature. “We hope to play a small part in the rejuvenation and redevelopment of the neighborhood, consistent with the plans currently being discussed by city council for Boulder’s Civic Center.” Made In Nature’s products are 100 percent certified organic and are available nationwide at Whole Foods Market, Sprouts, Costco and natural, specialty and regional grocers. Made In Nature also offers organic fresh produce and organic artisan frozen pizzas. Made in Nature’s growth and expansion over the past several years have mirrored the sector’s growth, especially in the healthy snack category.. According to The Mintel Group, the $7.2 billion nuts and dried fruit category fared well during the recession posting a gain of 36 percent in dollar sales from 2007-2012. Todd Walsh and Jessica Cashman of The Colorado Group brokered the sale of the 1,432-square-foot building. COURTESY MADE IN NATURE LLC Doug Brent, president and chief executive of Made in Nature, is moving the organic food company’s headquarters from Florida to Boulder. from 6A has designed everything from electrosurgical equipment used to simultaneously cut and coagulate during surgery to rugged, diagnostic systems for mobile HIV detection in the developing world and for the detection of other pathogens in a variety of settings. The Tensentric idea began when Lukianow and company co-founder Jeff Gentry worked at another medical-device business. The duo aimed for a business niche with Tensentric rather than take an “all things to all people” approach, said Gentry, the company’s chief operations officer. “We focus our efforts strictly on medical devices and strictly on development,” he said. “We know what we do well and are trying to be the best in the world at it.” The Great Recession worked in their favor and boosted the company’s ability to grab clients. Medicaldevice manufacturing takes years to complete because of extensive safety guidelines, regulations and clinical trials, creating a gap between development and a cash generating product. As large companies trimmed budgets during the recession, fulltime engineering and development staff often took a cut. “Instead, they come to our company and get a very experienced team today,” Gentry said, “and we’re not We focus our efforts strictly on medical devices and strictly on development. We know what we do well and are trying to be the best in the world at it. Jeff Gentry CO-FOUNDER, TENSENTRIC INC. full-time employees on their payroll forever.” Certification for medical-device development is significant, Gentry said. He stays current on necessary regulations and paperwork, so all devices Tensentric touches meet appropriate guidelines. The company itself, however, doesn’t do the Food and Drug Administration certification process. That’s left up to the clients. Likewise, clients choose their own manufacturer, sometimes before hiring Tensentric. Tensentric can then work hand-in-hand with manufactures to facilitate a smooth transition from the design, testing and validation stages to production. “We’ve worked with companies all over the world both from a design and a manufacturing standpoint,” Lukianow said. Additionally, the company meets ISO International Standards for medical-device certification, Gen- try said. Both Lukianow and Gentry have decades of experience in the industry and cite the quality talent recruited from a deep Boulder engineering pool as a big reason for Tensentric’s success.” “I truly believe I have the best engineering team around,” Lukianow said. Tensentric’s director of engineering, John M. Nichols, helped build that team and now manages it. He looks for employees with a good understanding of the service-for-fee business model, experience, excitement about the job and a strong ability to work on a team. The company culture encourages a happy work environment by hiring good communicators, treating them as professionals, tracking efficiency and allowing a flexible work schedule through work-from-home options, Nichols said. This reduces stress for many employees. “The lower the stress in the environment, the higher the creativity,” Nichols said. This philosophy equals more solutions and a better value for clients, something that pays off in repeat business. That business allowed Tensentric in 2012 to purchase its own building in Boulder as a permanent headquarters. About 25 percent of the 19,000-square-foot facility is lab space, Lukianow said, and includes offices with room to grow. For a company that started at zero in 2009, it’s a bright future, Lukianow said. The company earned a spot on the Colorado Office of Economic Development and International Trade’s Companies to Watch list in 2012, awarded to rapidly growing businesses. The average increase in revenue for such companies hit 30 percent, according to the state’s website. So far, the company largely drummed up business through legwork and connections, but things are hitting a tipping point as word gets out about Tensentric’s work. “I anticipate business opportunities will grow significantly in the next several years as we are now being sought out by potential clients,” Lukianow said. “I can easily see 20, 30, or 40 percent growth over the next couple of years.” FOR LEASE 21,355 SF Office Research & Development Facility • Prime Gunbarrel location • Dock-high and drive-in loading • Prominent tenant signage • Sprinklered building Lookout Business Center, 6150 Lookout Road, Boulder, Colorado • Outdoor volleyball court Etkin Johnson Group owns over 1.5 million square feet of office/warehouse space along the US 36 corridor to meet all your real estate needs. For more information on our current availabilities, contact: Ryan Good | 303.223.0496 | rgood@etkinjohnson.com March 29 - April 11, 2013 Boulder County Business Report | www.bcbr.com | 9A Wacari Group takes innovative ideas to market Virtual firm in Boulder has team of experts to help clients find niche BY CLAYTON MOORE news@bcbr.com BOULDER — The Wacari Group helps its clients take their ideas to market, specializng in products and concepts that cannot find a home through traditional market venues. Daniel Moorer Jr., a career Army officer and Ball Aerospace & Technologies Corp. veteran, founded the firm in 2008 and carries a very small portfolio of clients but commits to long-term partnerships with each of them. One of The Wacari’s Group’s most successful partnerships has been with Rebecca MacLean, a Castle Rock-based mother of three children who was frustrated with the bother and imprecision of the various ways to give cough syrup and other liquid medications to her children. To help herself, MacLean invented the True Easy Syringe, which she was able to patent herself. However, the product languished for more than seven years until she was introduced to The Wacari Group. The Wacari Group was able to forge a licensing agreement with Health Enterprises Inc., based in Massachusetts. Today, the True Easy Syringe is sold in Walmarts and Walgreens pharmacies around the country. Despite having a highly trained mix of licensing experts, technologists and strategic advisers on its small team, the Wacari Group doesn’t charge inventors upfront for its services. Instead, the company relies on royalties from successful products for its revenue. “The level of risk is quite high in our business,” Moorer admitted. “But the long-term reward of produc- JONATHAN CASTNER Daniel Moorer Jr. founded The Wacari Group in 2008 to help clients commercialize their product ideas. “Good ideas don’t necessarily come from one specific source, like inventors or even great thinkers,” Moorer said. “Sometimes they come from average Americans who are frustrated with what exists today and want to make something better.” THE COMPANY EXISTS LARGELY FOR CLIENTS who have the capacity to take their product to market, but simply don’t have the time, resources or personnel to do it. ing something that is useful to society that also offers a good financial reward is worth it to us.” The company specializes in products and concepts that cannot find a home through traditional market venues. In addition to successfully licensing the True Easy Syringe, the company also works with California-based Davis Energy Group on its Nightbreeze cooling system. Other products in the lineup include a specialized sports clothing product, sev- eral Department of Defense-funded technologies and other aerospace products. As a virtual company, The Wacari Group maintains no physical facilities and doesn’t specialize in funding for research and development. The company exists largely for clients who have the capacity to take their product to market, but simply don’t have the time, resources or personnel to do it. One of the company’s lead scouts is John Svoboda, vice president of advanced programs. Recently, Svoboda found himself researching a hovercraft, a car-lift for auto repair shops, a children’s high chair, and a de-icing material for driveways. “We look at everything,” Svoboda said. Web-based research allows the company to gather enough information on potential clients or products to make decisions about financial and technical viability quickly. While a significant percentage of potential clients don’t pass The Wacari Group’s high standards, a good match can be lucrative for everyone involved. For Svoboda, key elements include a firm proof of concept, defensible intellectual property, large market potential, a clear path to those markets, and an accessible distribution system. ➤ See Wacari, 14A Reception shines spotlight on inductees Class of 2013 meets members of Boulder County Business Hall of Fame Jon Kottke, right, president of the Boulder County Business Hall of Fame’s board of directors, introduces the class of 2013 during a reception March 20 for inductees, members of the Hall of Fame and sponsors of the event. At podium with Kottke is inductee Scott Nix of Nixcavating Inc. From left, are inductees Courtland Dixon, Kinsley & Co.; and Linda Cain, The Cain Travel Group Inc. Inductees not pictured are Tom Chapman, First MainStreet Insurance Ltd.; Jirka Rysavy, Gaiam Inc.; and the Hover family — Charles and Katherine Hover and their daughter, Beatrice — who will be inducted posthumously. The Hall of Fame luncheon will be April 24 at the Plaza Conference Center in Longmont, home of the Hall of Fame. Tickets to the luncheon are available online at www. halloffamebiz.com. CHAD COLLINS 10A | March 29 - April 11, 2013 Boulder County Business Report | www.bcbr.com App offers fertility guidance based on vital stats A company in Boulder is poised to launch a for-pay version of a smartphone application that helps women figure out which days of the month that they’re most fertile. A free version of the fertility charting application from Kindara Inc. has been downloaded by 75,000 people. About 75 percent of the app’s users are trying to get pregnant, while 25 percent of the users want to remain babyless, said Kati Bicknell, who launched the app in May 2012 with her husband, Will Sacks. The couple said when women input information on their body temperature, the time period of their monthly cycle and “custom” data about diet, exercise and sleep, among other things, the application’s fertility chart is as effective as birth control pills in helping to prevent pregnancy. As proof, the couple has been using the app (calendar-based contraception is historically known as the rhythm method) for three years with great success, Sacks said. Conversely, the application shows users when they’re at their most fertile, meaning it can help women who want to get pregnant. Bicknell became interested in fertility several years ago because her mother has a health history that included a 10-year period of BCBRDAILY fertility issues. After reading the book “Taking Charge of Your Fertility” by Toni Weschler, Bicknell started looking for a smartphone application she could use to chart her own menstrual cycles. When Bicknell didn’t find exactly what she was looking for in a phone app, Sacks suggested the couple build MEDICAL FILE the tool. Beth Potter “I want other women … to know this method exists and is successful and useful,” Bicknell said. “I’m on a mission to help women to understand that they don’t have to take the pill if they don’t want to.” The company received about $150,000 in initial funding from friends and family and other sources. Kindara later received an undisclosed amount from SOS Ventures in Ireland in October, as well as from some local angel investors in Boulder. Bicknell and Sacks were invited to participate in the business incubator called Haxlr8r in Shenzhen, China, which is sponsored by SOS Ventures. As a result of that experience, the couple may create its own hardware device in the future, Sacks said. As for revenue — the new, paid support model will offer fertility counseling and other features to members who pay a fee, which has not bee decided, Sacks said. It will be offered as an upgrade to the basic phone application, which will still be available for free. “We’re giving women a whole new window into what is happening with their bodies. Women don’t want to put chemicals in their bodies if they don’t have to,” Sacks said. “I see what we’re doing as the evolution of fertility and medicine and personal health.” The company has been featured in stories in The New York Times, Forbes and Women 2.0. Kindara has four employees along with contract workers and interns. Check it out at www. kindara.com. presence in downtown Boulder. The company initiated the Gnip Gives Back program, which coordinates charitable giving and organizes group service opportunities for the company to participate in. Gnip offers Eco Passes, Boulder B-Cycle memberships and annual Boulder city recreation passes to its employees. Posted March 15. The flexible rebate program is one of the city’s business incentives and covers a wide range of fees, equipment and construction use taxes. The flexible rebate program uses social, community and environmental sustainability guidelines. Companies choose the guidelines that best fit their circumstances, but must meet minimum requirements in order to receive the rebate. HEAD USA provides funds to each employee for the purchase of a bicycle, as well as providing secure, covered bike storage and showers. In addition, the company has partnered with the global environmental charity Cool Earth to fight climate change by matching 10 times the company’s annual carbon emissions with avoided deforestation credits. Posted March 20. Boulder Heart adds staff The Boulder Heart cardiology practice is up to 15 members working at the new Anderson Medical Center at the Boulder Community Hospital Foothills campus, 4743 Arapahoe Ave. Drs. Jamie Doucet and Molly Ware and two other staff members came over to the Boulder Community Hospital-based practice from Colorado Cardiovascular Center, which closed its office on Center Green Drive. The Colorado Cardiovascular doctors aren’t the only ones to join the hospital in recent months. Spruce Street Internal Medicine in Boulder also joined the Boulder Community Hospital network. The practice remains open at 2575 Spruce St. in Boulder. Pamela Stone, a gynecologic oncologist, joined the hospital’s network late last year. She has broad expertise in minimally invasive surgery techniques, including how to use the daVinci Surgical System for robotic-assisted surgery. Top worker’s comp injury Orthopedic, and back and neck injuries are the most common worker compensation issues in the Boulder area, according to Peter Mars, the staff physician at WorkWell LLC’s office in Boulder. WorkWell has treated more than 300 people at the office since it opened in June. Longmontbased WorkWell also has clinics in Fort Collins, Greeley, Longmont and Loveland. Factoid of the day: WorkWell’s office at 3434 47th St. in Boulder is in a building built at the location of the former Peggy’s Hi-Lo country-western bar. Look for it on the east side of the road the next time you’re on the Diagonal overpass headed into or out of Boulder. Contact Beth Potter at 303-4401944 or bpotter@bcbr.com. from 2A can monitor biological interactions, including molecule interactions of proteins. Posted March 14. Gnip OKed for Boulder rebates BOULDER — Gnip Inc., an aggregator of social-media data, has been approved to receive up to $45,000 in tax and fee rebates from the city of Boulder. The rebates were authorized for sales and use taxes, and permit-related fees. “Gnip is a fast-growing company in Boulder’s thriving downtown and high-tech communities,” said Jane Brautigam, Boulder’s city manager. “The city is very pleased that it can support Gnip’s expansion so it can grow as an industry leader, delivering 3 billion social media activities per day.” The flexible rebate program is one of the city’s business incentives, covering a wide range of fees, equipment and construction use taxes. Gnip partners with Twitter, Facebook, Tumblr and WordPress, among others, to aggregate social-media data and information for its clients. Gnip’s 50 employees recently expanded into a new space at 1050 Walnut St., Suite 115, to maintain its HEAD OKed for Boulder rebates BOULDER — HEAD USA has been approved to receive up to $50,000 in rebates from the city of Boulder. HEAD USA’s winter-sports division recently moved to Boulder and will be eligible for rebates for sales and use taxes and permit-related fees. T he d ivision moved i nto a 5,995-square-foot space at 3125 Sterling Circle in August. The office has 13 employees and is expecting continued growth. HEAD USA is part of HEAD NV, an Amsterdam-based sporting goods company. HEAD is best known for racket-sports, ski and snowboarding equipment. HEAD USA is based in Norwalk, Connecticut, which was the former home of the winter-sports division. Rosetta Stone refocusing BOULDER — Rosetta Stone Inc.’s office in Boulder could grow in the coming months as the Virginia-based producer of language-learning products restructures and expands its operational footprint. The company eliminated approximately 70 positions from its Arlington, Virginia-based product team to make way for new offices in Austin, Texas, and San Francisco. With a combined capacity to house roughly 100 employees, the new offices are expected to grow quickly this year as they support the company’s rapid shift toward online, subscriptionbased digital learning products. Jonathan Mudd, a Rosetta spokesman in Virginia, said the office in Boulder – where its staff works on speech-recognition software – likely would grow if the company is successful in its reorganization. “The office in Boulder is a critical operation to what we do,” he said. “If the company grows, the Boulder operation will grow with it.” Bryan Pellom and Kadri Hacioglui co-direct the office that employs 25 workers at 2040 14th St. While at the University of Colorado-Boulder, Pellom and Hacioglui created Sonic, speech-recognition software, that Rosetta began implementing in 2006. Rosetta Stone maintains offices in Boulder, Austin and San Francisco as well as in Arlington and Harrisonburg, Virginia, in the United States. It also has offices in London, Seoul, Korea, Tokyo, Sao Paulo, Brazil, and Dubai, United Arab Emirates. The company employs a global workforce of approximately 1,500 people. Posted March 14. March 29 - April 11, 2013 BOULDER COUNTY BUSINESS REPORT | 11A WWW.BCBR.COM 12A | Bioscience Companies BIOSCIENCE 13A | Financial woes threaten Arca Biopharma FOCUS: MEDICINE Local firms blaze trails to treatment Clinical trials target cancers, heart disease BY BETH POTTER bpotter@bcbr.com BOULDER — Through therapies and drug candidates, bioscience companies in Boulder are developing treatments for heart disease and various forms of cancer. The region has a strong history of drug research coming from discoveries at area companies and the University of Colorado-Boulder. The companies often partner with each other as well as with bigger bioscience and pharmaceutical firms outside of the region to help offset costs while developing new drug candidates. Research and clinical trials to develop new drugs for market often take a decade or more before getting necessary U.S. Food and Drug Administration approval. A sampling of what’s coming in 2013: Clovis Oncology Inc. Clovis Oncology Inc. plans to announce as early as the end of this year that it has a new, viable drug candidate to treat gastrointestinal tumors. Boulder-based Clovis (Nasdaq: CLVS) is partnering with Array BioPharma Inc. (Nasdaq: ARRY) on the drug research. Financial terms of the deal have not been disclosed. COURTESY SIVA THERAPEUTICS INC. Siva Therapeutics Inc. intern Courtney Anderson, foreground, and bioengineer Mary Popp perform photo-thermal heating experiments in simulated tumor models in the Siva laboratory in Boulder. If all goes as planned, the company would move forward with additional trials on the gastrointestinal tumor drug candidate after initial findings are announced by Array, said Breanna Burkart, a company spokeswoman. “We hope to identify (the drug candidate) at the end of the year,” Burkart said. “There’s not much to say until we have identified something.” In addition, Clovis has two other candidate drugs in its research pipeline. One is called CO-1686, a drug candidate to treat a form of lung cancer. CO-1686 is in an initial trial stage required by the FDA that identifies the safest doses for patients, Burkart said. Clovis’s other drug candidate is rucaparib, which is used to treat ovarian cancer. Rucaparib is at about the same time frame as CO-1686 in terms of testing, Burkart said. “It’s an important year for us to find out whether or not these drugs will be efficacious and offer benefit for patients,” Burkart said. Clovis is focused on the new drug studies after seeing a disappointing outcome to a study on a drug candidate for pancreatic cancer in 2012. ➤ See Treatment, 13A Cancer drug could prove healthy for Array BY BETH POTTER bpotter@bcbr.com BOULDER — New cancer treatment drug selumetinib, with projected annual sales of $1 billion once it’s approved, could be Array BioPharma Inc.’s ticket to the big time. In 2003, the Boulder-based drug research company (Nasdaq: ARRY) partnered with London-based pharmaceutical giant AstraZeneca plc to develop the drug. After years of research, AstraZeneca (NYSE: AZN) in 2013 plans to do two final clinical trials necessary for U.S. Food and Drug Ad m i n i s t ration approval, according to Tricia Haugeto, an Array spokeswoman. One clinical trial will focus Needle on get ting selu met i n ib approved by the FDA to treat a particular form of lung cancer. The other will focus on getting the drug approved to treat thyroid cancer, Haugeto said in an email. AstraZeneca is projecting the high future sales potential for selumetinib because it may be used to treat more than one form of cancer, including a cancer of the eye and gastroSquarer intestinal cancers, according to information forwarded by Haugeto from an industry conference. To date, Array has earned $21.5 million in payments related to the AstraZeneca partnership and could make another $75 million and royalties on product sales, once the drug is approved for sale. At the same time, Array has hired Michael Needle, a nationally known hematologist and oncologist, to head up its own clinical development work. Needle’s first order of business is expected to be a push to put together late-stage trials on two of the company’s own cancer drugs in development. One of those drugs is ARRY-520 to treat multiple myeloma, a cancer of the body’s plasma cells. The other is ARRY-614 for myelodysplastic syn➤ See Array, 13A 12A | March 29 - April 11, 2013 BUSINESS REPORT LIST Boulder County Business Report | www.bcbr.com BIOSCIENCE COMPANIES BIOSCIENCE COMPANIES (Companies in Boulder and Broomfield counties ranked by parent company revenue.*) (Companies in Boulder and Broomfield counties ranked by parent company revenue.*) Revenue 2012 Revenue 2011 Employees: Local Companywide Products/services Public or private Parent company name Stock exchange Stock ticker Phone Fax Website Person in charge Year founded RANK Company 1 SANDOZ INC. 2555 W. Midway Blvd. Broomfield, CO 80020 $57,561,000,000 $59,375,000,000 N/A 127,724 Develops, produces and markets a wide range of affordable, high-quality pharmaceuticals. Public Novartis AG NYSE NVS 303-466-2400 N/A www.us.sandoz.com Joseph Jiminez CEO 1946 AMGEN INC. 4000 Nelson Road Longmont, CO 80503 $17,300,000,000 $15,053,000,000 700 18,000 Manufacturer of biologics. Public Nasdaq AMGN 303-401-1000 N/A www.amgen.com Robert Bradway president, CEO 1980 THERMO FISHER SCIENTIFIC INC. 2650 Crescent Drive, No. 100 Lafayette, CO 80026 $12,510,000,000 $11,558,800,000 120 39,000 Life science research reagents and consumables including siRNA, shRNA, miRNA, custom RNA, cDNA, PCR/qPCR and other molecular biology applications. Public Thermo Fisher Scientific Inc. NYSE TMO 303-604-9499 303-604-9680 www.thermoscientificbio.com Mitchell A. Kennedy vice president, general manager molecular biology products 1995 AGILENT TECHNOLOGIES INC., NUCLEIC ACID SOLUTIONS DIVISION 5555 Airport Road Boulder, CO 80301 $6,858,000,000 $6,615,000,000 N/A 20,500 Flexible therapeutic oligonucleotide development services and manufacturing for the biotech and pharmaceutical industries. Public Agilent Technologies Inc. NYSE A 877-663-2500 303-440-0273 www.agilent.com William P. Sullivan CEO 1999 HOSPIRA BOULDER INC. 4876 Sterling Drive Boulder, CO 80301 $4,092,100,000 $4,057,100,000 153 16,000 Pharmaceuticals, consumer products, pathology, diagnostic imaging and pharmacy. Public Hospira Inc. NYSE HSP 303-245-6200 303-938-1255 www.hospira.com Chad Telgenhof plant manager 1995 ARRAY BIOPHARMA INC. 3200 Walnut St. Boulder, CO 80301 $85,135,000 $71,901,000 250 250 Discovery, development and commercialization of targeted small-molecule drugs to treat patients afflicted with cancer. Public Nasdaq ARRY 303-381-6600 303-386-1390 www.arraybiopharma.com Ron Squarer CEO 1998 MICROBAC LABORATORIES INC., HAUSER DIVISION 4750 Nautilus Court South, Unit A Boulder, CO 80301 $3,000,000 $3,284,966 28 N/A Independent laboratory for chemical, physical and microbiological testing of materials, biomass, dietary supplements and foodstuffs. Private Microbac Laboratories Inc. 720-406-4800 303-581-0195 www.hauserlabs.com Steve Ferry director 1961 SPORIAN MICROSYSTEMS INC. 515 Courtney Way, Suite B Lafayette, CO 80026 $1,500,000 $1,250,000 12 12 Provides novel sensors, microelectromechanical systems (MEMS) design and packaging services. Private 303-516-9075 303-516-9116 www.sporian.com Brian Schaible Michael Usrey president vice president 2000 OWL TECHNICAL ASSOCIATES INC. 357 McCaslin Blvd., No. 200 Louisville, CO 80027-2932 $500,000 $250,000 3 3 Polarimeters, saccharimeters and refractometers for the sugar, beverage and pharmaceuticals industries. Private 303-651-1616 N/A www.owltechnical.com Cris Lovett general manager 1973 NEW VISTA RESEARCH INC. 2330 Dartmouth Ave. Boulder, CO 80305 $200,000 N/A 3 N/A Research consulting, engineering consulting, computer modeling, information services; aerospace, mechanical, chemical, physics, bioengineering. Private 720-288-0506 N/A newvistaresearch.com Rom McGuffin senior scientist 2002 AKTIV-DRY LLC 2100 Central Ave., Suite 109 Boulder, CO 80301 $178,871 $829,437 4 4 Licenses drying and aerosodelivery processes.Provides dry powder processing solutions; microparticles and nanoparticles research and development; inhalable measles vaccine, inhalable pharmaceuticals. Private 303-350-3060 ,ext. 106 303-402-9445 www.aktiv-dry.com Robert E. Sievers co-founder, CEO and president 2002 RENEWABLE AND SUSTAINABLE ENERGY INSTITUTE (RASEI) 2445 Kittredge Loop Drive, Fleming Building Suite 208 Boulder, CO 80309 $120,000 N/A 8 8 A joint institute between the University of Colorado Boulder and the National Renewable Energy Laboratory (NREL). Public University of Colorado Boulder 303-492-0284 N/A rasei.colorado.edu Michael Knotek director 2006 SIRIUS DATA CONSULTING 4840 Aspen Creek Drive Broomfield, CO 80023 $90,000 $85,000 1 1 SAS programming and data anlaysis. Private 303-827-9335 N/A N/A Marcia Craib founder and principal 2008 CLOVIS ONCOLOGY INC. 2525 28th St. Boulder, CO 80301 $0 $0 35 61 Focused on acquiring, developing and commercializing innovative anti-cancer agents in the U.S., Europe and other international markets. Public Nasdaq CLVS 303-625-5000 N/A www.clovisoncology.com Patrick J. Mahaffy president and CEO 2009 MERCK SHARPE & DOHME 2500 Central Ave. Boulder, CO 80301 N/A N/A 75 185,000 Drug development for metabolic diseases and endocrine disorders. Public Merck & Co Inc. Nasdaq INSM 303-339-5600 303-339-5625 www.merck.com David Mitchell executive director 1899 16 OPX BIOTECHNOLOGIES INC. 2425 55th St., Suite 100 Boulder, CO 80301 N/A N/A 65 65 Bioproducts company using proprietary bioengineering technology to economically convert renewable biomass feedstocks into fuels and green chemistry products. Private 303-243-5190 303-243-5193 www.opxbio.com Charles Eggert CEO, president 2007 17 ADVANCED THIN FILMS LLC 5733 Central Ave. Boulder, CO 80301 N/A N/A 60 60 Precision optical components and ion beam sputtered coatings for applications in scientific research, defense, aerospace, telecommunications and laser and semiconductor manufacturing. Public IDEX Corporation Nasdaq IEX 303-815-1545 720-652-9948 www.atf-ppc.com Joe Stupsel general manager 1992 N30 PHARMACEUTICALS INC. 3122 Sterling Circle Boulder, CO 80301 N/A N/A 32 32 Clinical-stage biopharmaceutical company focused on modulating cystic fibrosis and to treat respiratory diseases. Private 303-440-0486 303-440-8399 www.n30pharma.com Charles Scoggin CEO 2006 ACCERA INC. 380 Interlocken Crescent, Suite 780 Broomfield, CO 80021 N/A N/A 30 30 Research and development on Alzheimer's disease, Parkinson's disease and related neurodegenerative disease therapeutic drugs. Private 303-439-0004 303-999-3799 www.accerapharma.com Holger Kunze CEO 2001 MIRAGEN THERAPEUTICS INC. 6200 Lookout Road, Suite 100 Boulder, CO 80301 N/A N/A 30 N/A Developing innovative microRNA based therapeutics. Private 303-531-5952 303-531-5094 www.miragenrx.com William Marshall CEO, president 2007 INDEVR INC. 2100 Central Ave., Suite 106 Boulder, CO 80301 N/A N/A 20 20 Inventing, developing and manufacturing biomedical instruments. Private 303-402-9100 303-402-9300 www.indevr.com Kathy Rowlen CEO 2002 BOLDER BIOPATH INC. 5541 Central Ave., Suite 160 Boulder, CO 80301 N/A N/A 13 N/A Contract research lab specializing in inflammatory diseases, such as arthritis as well as cancer. Private 303-633-5400 720-294-9971 www.bolderbiopath.com Allison Bendele Phillip Bendele co-owner co-owner 1998 QUARK PHARMACEUTICALS INC. 2990 Wilderness Place Boulder, CO 80301 N/A N/A 13 N/A Using RNA interference technology to develop siRNAs, or drugs that inhibit targeted genes from producing proteins. Private 303-339-2105 720-565-9943 www.quarkpharma.com Daniel Zurr CEO, president 1994 ENDOSHAPE INC. 2450 Central Ave., Suite I Boulder, CO 80301 N/A N/A 11 11 Manufactures surgical and medical instruments focusing on shape memory polymer devices for endolumenal application. Private 303-951-6898 N/A www.endoshape.com Bill Aldrich CEO 2006 SAMSON DESIGN ASSOCIATES INC. 5757 Central Avenue, ste. F Boulder, CO 80301-2871 N/A N/A 10 10 Provides full-service product development ranging from concept to production specifications, with many products for the consumer, energy, high-tech, medical field. Private 303-444-4496 N/A www.samsondesign.com Jeff Samson president 1984 2 3 4 5 6 7 8 9 10 11 12 13 14 15 18 19 20 21 22 23 24 25 N/A: Not available. *Second ranking criterion is number of local employees. If your company should be on this list, please request a survey by e-mailing research@bcbr.com or calling our research department at 303-440-4950. Researched by Mariah Gant Source: Business Report Survey March 29 - April 11, 2013 Boulder County Business Report | www.bcbr.com | 13A Financial woes threaten Arca Biopharma BY DOUG STORUM dstorum@bcbr.com BRO OM F I E L D — A rc a Biopharma Inc. has “substantial doubt” about its ability to continue operations beyond September, according to documents filed with the Securities and Exchange Commission. The publicly traded biotechnology firm in Broomfield (Nasdaq: ARCA) lost $4.3 million in 2012 following a loss of $5.4 million in 2011, according to its annual report. TREATMENT options, a strategic combination, partnering and licensing opportunities. “If we are delayed in obtaining funding or are unable to complete a strategic transaction, we may discontinue our development activities on Gencaro or discontinue our operations,” Arca said in the documents. Arca has been in danger of being delisted from the Nasdaq stock exchange on several occasions because its stock price has fallen below $1 per share. In the past 52 weeks, the stock has traded in a range between 23 cents and $1.15. Arca has received delisting notices from Nasdaq in each of the past three years, according to SEC documents. The company regained compliance in 2010, 2011 and 2012. Arca completed a reverse stock split to raise its per-share trading price and regain compliance with Nasdaq stock market rules on March 4. As a result of the reverse split, every six shares of issued and outstanding common stock were combined into one. A person with pulmonary arterial hypertension has abnormally high blood pressure in the arteries of the lungs, which is life-threatening because it rises to dangerously high levels and strains the heart. MiRagen has a license agreement for intellectual property rights to the drug, according to Bill Marshall, the company’s founder and chief executive. Researchers at the University of Glasgow and the University of Cambridge found that the developmental drug helped stop the progression of some pulmonary arterial hypertension cases, Marshall said. Separately, MiRagen researchers are working to develop a heart disease treatment drug. Researchers looked at microRNA variations in human blood, and found particular molecules that appeared to indicate a worsening of heart disease, Marshall said. They’re focusing on a molecule they have named MIR208 to come up with a new drug candidate. Since coronary heart disease is the leading cause of death in the United States, such a drug could someday see big sales. MiRagen is funded through venture-capital financing as well as a strategic alliance with French pharmaceutical company Les Laboratoires Servier signed in October 2011. The strategic alliance is to develop certain therapies for patients with cardiovascular disease which could someday be worth $1 billion in revenue, the company has said. Evaluation Grant Program of the Colorado Office of Economic Development and International Trade to move forward with its work. The company also recently hired two new workers and moved into laboratory and office space at 5541 Central Ave., Suite 140, in Boulder. Siva must get a safety clearance from the FDA before moving forward with planned clinical trials, Pagliaro said. The company’s goal is to receive something called an “investigation device exemption” from the FDA, which could make the clinical trials approval process go more smoothly, he said. If the injection/nanorod process is classified as a drug, the FDA approval process might take much more work, he said. “They’re giving you an exemption from the normal rules from going to market, and to do that, you have to convince them that you’re safe,” Pagliaro said. Animal studies have been done that show the rods warm up when exposed to the infrared light, Pagliaro has said. from 11A Clovis is returning the pancreatic cancer drug candidate’s licensing rights to Clavis Pharma ASA, a publicly traded company in Norway, Burkart said. Clovis had $144 million in cash and cash equivalents and 26.2 million outstanding shares of common stock at the end of 2012, according to a quarterly earnings statement. The company said it expects to use $53 million to $57 million of its existing cash in 2013, and to end the year with about $90 million, according to the earnings statement. MiRagen Therapeutics This year, MiRagen Therapeutics Inc. plans to continue developing its two drug candidates related to the human heart. First, the Boulder company plans to work on getting approval to sell a drug to treat pulmonary arterial hypertension. MiRagen executives signed an agreement earlier this year with two universities in the United Kingdom related to the drug candidate after collaborating with researchers at those universities. ARRAY The company is developing the drug Gencaro to treat cardiovascular diseases, including heart failure and atrial fibrillation, the formal name for irregular heartbeat. Officials said in the SEC documents they hope to continue development of Gencaro by pursuing an underwritten public offering to fund its general and administrative costs, as well as clinical trials for the drug. Arca said it may seek additional interim funding that could allow it to operate while pursing financing Siva Therapeutics Siva Therapeutics Inc. has a novel cancer treatment that involves intravenously injecting minute metal pieces called nanorods into a cancer tumor in a patient’s body. Such nanorods can be heated by infrared light from outside the body to shrink a cancer tumor, according to company literature. Siva plans to be in the “pre-clinical” phase of approval with the FDA in about a year, said Len Pagliaro, the company’s chief executive. Siva recently received a $250,000 grant from the Bioscience Discovery and from 11A drome, which was formerly known as pre-leukemia. Needle’s title is chief medical officer, a newly created position at the company. He is known in the industry for his most recent job as chief medical officer at the Multiple Myeloma Research Foundation, as well as his previous work shepherding new drugs through clinical trials to FDA approval, said Ron Squarer, Array’s chief executive. “I am delighted to be joining at such a pivotal point as the company transitions into a development stage organization,” Needle said in a press statement. “It will be my privilege and pleasure to lead the development activities that will enable Array to deliver on the promise of the pipeline, and bring these important medicines to patients who are fighting cancer.” Needle’s hire is symbolic of Array’s maturation process from a discovery company to one that sells drugs, Squarer said. In all, the company has 15 drugs still going through various stages of the FDA approval process – drugs that treat pain, asthma and ARRAY IS PARTNERING WITH NOVARTIS INTERNATIONAL AG in Basel, Switzerland (NYSE: NVS) on MEK-162, a drug to treat cancer tumors. A clinical trial of the drug is expected to start in April. diabetes as well as the cancers. In addition, Squarer said he has decided to focus on blood-related drugs since taking over as head of the company in April 2012. “This ties into the transition of the company from one that is very broad in our focus to ... hematology,” Squarer said. In the high-stakes world of drug research and development, Array BioPharma Inc. also is focused on its partnerships with other large pharmaceutical companies on two other drugs it developed, Squarer said. Most fledgling biopharmaceutical companies have one or maybe two drugs in the pipeline for final FDA approval, Squarer said. Array’s decision to partner with big drug com- panies after discovery of promising drugs, puts it on the path for bigger potential commercial success in the next couple of years, he said. Array is partnering with Novartis International AG in Basel, Switzerland (NYSE: NVS) on MEK-162, a drug to treat cancer tumors. A clinical trial of the drug is expected to start in April. Array also has its own co-development rights to do its own late-stage clinical trial on MEK-162, Squarer said. That work could lead to Array selling its own version of the drug in coming years – possibly by the end of 2015, Squarer said. Needle is expected to be helpful in working on that drug development as well, he said. Another Array partnership is for danoprevir, a drug used to treat hepatitis C. A clinical trial on danoprevir is expected in 2013 as well. Scientists at Array and InterMune Inc. (Nasdaq: ITMN) in Brisbane, California, jointly discovered the drug in 2002. Roche acquired all rights to danoprevir from InterMune for $175 million in 2010. A r ray’s approx i mately 3 0 0 employees work in locations in Boulder, Longmont and Morrisville, North Carolina. “It’s a legacy. The heart and soul of the company was always doing great science,” Squarer said. “What we have found is how to partner the discovery capability and keep it cost-neutral to us.” Array BioPharma shares climbed 10 percent on March 25 as investors absorbed positive information about the planned 2013 trials and Needle’s hire. Shares traded between $4.51 and $4.90 after a Piper Jaffray analyst upgraded his stock recommendation from “neutral” to “overweight” and suggested a future target stock price of $7. Array’s stock has traded between $3 and $6.17 in the past year. 14A | March 29 - April 11, 2013 EMINENT from 1A Mark Merrill. Little Rock, Arkansas-based Dillard's (NYSE: DDS), which owns the building it occupies at the mall in southwest Longmont, can prohibit new development on the mall site, based on an existing agreement between the retailer and mall owners that was signed decades ago, Ginsborg has said. Dillard’s representatives have said the company wants to continue to operate at the site. Longmont city officials may authorize the use of eminent domain on the Dillard’s property at a meeting scheduled for April 9 or earlier, Longmont Mayor Dennis Coombs has said. “Eminent domain” is the term used to describe a government’s legal right to take private property for public use after compensating a property owner. “I really personally hope that Dillard’s stays,” Coombs said March 26. “They have been a wonderful asset to our community, and I would be thrilled if they want to stay a part of our community.” The Dillard’s department store is valued at $3.799 million by the Boulder County Assessor, a number city council members have looked at in addition to its own appraisal, Coombs said. Of the total value of the Dillard’s property, the 94,500-square-foot building was assessed at $2.32 million and the land was assessed at $1.48 million for the 2008-2010 assessment period, said John Helton, chief deputy assessor in the Boulder County Assessor’s Office. A new value is being calculated and will be available for Dillard’s and all other properties BILLS Boulder County Business Report | www.bcbr.com Regal agrees to terms at Twin Peaks Mall BY BETH POTTER bpotter@bcbr.com LONGMONT — Regal Cinemas has agreed to terms of a lease to operate a new 12-screen theater at Twin Peaks Mall. All details of the new theater will “really be up to the landlord,” Regal Entertainment Group spokesman Russ Nunley said March 25. Nunley referred all questions about the theater’s design, its location on the site and other details to mall developer NewMark Merrill Mountain States. Project manager Allen Ginsborg did not return requests for comment. Regal operates the 10-screen United Artists theaters at the existing mall. The new theater is expected to be a stand-alone building, based on an artist’s drawing of what the new shopping area is expected to look like. Other buildings are to include an as-yet-unnamed retailer in 100,000 square feet of space and a natural-foods grocery store. Ginsborg has said in the past that his development company “couldn’t build the theater that Regal would like without Dillard’s approval.” The Knoxville, Tennessee-based Dillard’s department store holds veto power over any redevelopment plans at the mall. The department store opened at Twin Peaks Mall in 1998. Dillard’s spokeswoman Julie Bull said Dillard’s had no comment when asked March 25 about potential mall negotiations. The successful redevelopment of Twin Peaks Mall is one of Longmont’s highest priorities, according to Longmont Mayor Dennis Coombs. Senior city staff members have been involved in negotiations between NewMark Merrill and Regal and between NewMark Merrill and Dillard’s, “but specific terms have been exchanged directly between the parties,” Coombs said. NewMark Merrill bought the indoor mall for $8.5 million last year. The existing mall is scheduled to be demolished, starting this summer, Ginsborg has said. A new, unnamed 100,000-square-foot retail tenant has been signed. The new development is slated to be complete in fall 2014. in the county at the end of April, using a time frame of July 2010 to June 2012, Helton said. Because the city’s appraisal of Dillard’s is confidential, not even NewMark Merrill representatives have seen it, Coombs said. In terms of the value of Dillard’s set by the county, Helton said all properties in the county are valued using market data from three comparable properties. For example, the Macy’s department store in the Twenty Ninth Street shopping area in Boulder might be considered a comparable property when assessing value, Helton said. “I would say (the value) is probably not more. If (the value) is less, I'm not sure how much less it would be,” Hel- ton said. “It now is in the state of transition to being a redeveloped mall.” Coombs and city council members, meeting as the Longmont Urban Renewal Authority, met behind closed doors for about an hour and a half on March 19 to “discuss negotiation positions and strategies regarding redevelopment of the Twin Peaks Mall and the potential acquisition of property interests therein; and to receive legal advice, provide instructions to negotiators and consider confidential documents, re: same,” according to a published city council agenda. Coombs made the eminentdomain announcement immediately after the closed-door meeting. Separately, Regal Entertainment Group (NYSE: RGC) appears to have wrapped up negotiations with NewMark Merrill, Coombs said that night. Knoxville, Tennessee-based Regal operates the existing 10-screen United Artists theaters at the mall. NewMark Merrill bought the indoor mall for $8.5 million last year. Since then, Ginsborg has said he has spent “hundreds of thousands of dollars” on the project. Newmark Merrill has met the other two key points needed to receive $27.5 million in urban-renewal authority bonds. One point was to sign an agreement with a 100,000-square-foot retailer, Ginsborg said. The other was to sign a letter of intent with a natural-foods grocery store. The new development is slated to be complete in fall 2014. that have traditionally had strong bipartisan support and ensure gas industry accountability.” Oil and gas operators are exempt from the some of the provisions of the Clean Air Act, Clean Water Act and other environmental laws. According to the press statement, the BREATHE Act would close the oil and gas industry’s exemption to the Clean Air Act’s aggregation provision, in addition to adding hydrogen sulfide — a chemical associated with nausea, vomiting, headaches and irritation of the eyes, nose, and throat — to the Clean Air Act’s federal list of hazardous air pollutants. The FRESHER Act would reverse the oil and gas companies’ construction and operations exemption from the Clean Water Act for stormwater runoff permits and mandate a study of the effects of these operations on surface water. On Election Day in November, 60 percent of Longmont voters approved Measure 100, which banned fracking — as well as the storage and disposal of fracking waste — within the city limits. That vote prompted the state Oil and Gas Conservation Commission to sue the city. Earlier this month, the Fort Collins City Council voted 5-2 to back Longmont in the suit. However, Lakewood-based TOP Operating Co. LLC, which does most of the oil and gas drilling in the Wattenberg Field that includes the Longmont area, asked to join the state commission’s suit against Longmont. In its proposed complaint, TOP said the city’s ban “affects and renders impossible” its plans to drill in Longmont, including wells approved by the city council months before last year’s election. COGA filed the suit in December in Weld County, where municipal and county officials have looked more kindly on fracking. However, 19th Judicial District Judge Daniel Maus on March 8 granted Longmont’s request for a change of venue, meaning the case now will be heard in Boulder County. The BREATHE Act was referred to the House Committee on Energy and Commerce. The FRESHER Act was referred to the House Transportation and Infrastructure Committee, which sent it to its subcommittee on water resources and environment. Hearings have yet to be scheduled on either measure. utives with decision-making power. However, another significant factor can be the personalities involved. “Something I impress upon clients is that we’re looking for those people or companies that have the capacity both technically and personally to become a long-term partner with us,” Svoboda explained. “We have shared risk, and it’s not always easy.” A significant part of Wacari’s business is in seeking out intellectual property or products that have been developed for a specific market and then shifting that IP to other markets. While the company has a portfolio of only six clients, its investment in those partnerships can be significant. It can take thousands of work hours and hundreds of thousands of dollars of the company’s funds to successfully commercialize a product. “We try to look at markets around $30 million to $50 million a year and up,” Svoboda said. “Anything smaller doesn’t have the potential for us to break even.” from 1A Polis’ congressional district covers parts of Boulder and Larimer counties, in which the process known as “fracking” has become a heated political issue. “New technologies have led to the rapid development of hydraulic fracturing in Colorado and Pennsylvania before community members could fully understand the potential health, safety, and quality-of-life implications of drilling in their neighborhood,” Polis said in a press statement. “Through the BREATHE Act and the FRESHER Act, we want to make sure that fracking is not exempt from the Clean Air Act and the Clean Water Act simply because fracking was not prevalent when these laws were initially written. These bills update health and safety protections WACARI from 9A Once a contract is signed, the experts at The Wacari Group assemble to assess the intellectual property as well as competing patents, develop a full market analysis that takes into account pricing, distribution and likely licensing candidates. Once licensing candidates are identified, Wacari will go so far as to research individual exec- March 29 - April 11, 2013 Boulder County Business Report | www.bcbr.com BUSINESS REPORT RANK 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 LIST Company | 15A PRIVATE-SECTOR PRIVATE-SECTOR EMPLOYERS EMPLOYERS (Private-sector employers ranked by number of employees in Boulder and Broomfield counties.)counties.) (Private-sector employers ranked by number of employees in Boulder and Broomfield Local employees Employees worldwide Products/Services Revenue 2012 Revenue 2011 Fiscal year end Headquarters Parent company Public/Private Website Headquarters Web site Parent company IBM CORP. 6300 Diagonal Highway Boulder, CO 80302 303-924-6300 3,400 433,362 Computer software, hardware and services. $104,507,000,000 $106,900,000,000 Dec. 31 Armonk, New York Public www.ibm.com Pete Lorenzen, senior state executive 1911 LEVEL 3 COMMUNICATIONS INC. 1025 Eldorado Blvd. Broomfield, CO 80021 720-888-2750/720-888-5085 2,500 10,800 Global provider of telecommunication services, delivering data, voice, video and managed solutions leveraging a reliable, secure network. $6,380,000,000 $6,320,000,000 Dec. 31 Broomfield Public www.level3.com James Q. Crowe, CEO 1998 BOULDER COMMUNITY HOSPITAL 1100 Balsam Ave. Boulder, CO 80304 303-440-2273/303-441-0478 2,350 2,350 Emergency, cardiology, oncology, ICU, orthopedics, neurology, general medical-surgical care, rehabilitation, stroke care, radiology (imaging), laboratory. $307,429,000 $286,145,720 Dec. 31 Boulder Private www.bch.org David Gehant, president/ CEO 1922 BALL CORP. 10 Longs Peak Drive Broomfield, CO 80021 303-469-3131/303-460-2127 2,160 15,000 Provides metal packaging products for beverage, food and household customers; aerospace unit provides imaging, communications and information systems, products, software and services to government and $8,735,700,000 $8,630,900,000 Dec. 31 Broomfield Public www.ball.com John A. Hayes, president and CEO 1880 EXEMPLA GOOD SAMARITAN MEDICAL CENTER 200 Exempla Circle Lafayette, CO 80026 303-689-4000/303-689-6999 1,400 N/A Cardiovascular care, comprehensive cancer care, neurology, level II neonatal care, emergency and trauma services, Bone and Joint Institute, general surgery, occupational medicine, OB/GYN. N/A N/A N/A Denver Exempla Healthcare Private www.exempla.org/goodsamaritan David Hamm, CEO, president 2004 LONGMONT UNITED HOSPITAL 1950 W. Mountain View Ave. Longmont, CO 80501 303-651-5111/303-678-4050 1,265 1,265 Cardiology, dialysis, orthopedics, cancer treatment, women services, neurosurgery, diagnostic imaging, rehabilitation, 24/7 emergency. $456,151,000 $445,446,000 Dec. 31 Longmont Private www.luhcares.org Mitchell C. Carson, president, CEO 1959 SEAGATE TECHNOLOGY LLC 389 Disc Drive Longmont, CO 80503 720-684-1900 1,215 55,000 Hard disk, solid state and hybrid drives. storage solutions for enterprise, desktop, mobile computing, consumer electronics and retail markets. $15 $11,000,000,000 June 30 Cupertino, California Seagate Technology LLC Public www.seagate.com Steve Luczo, CEO 1979 WAL-MART STORES INC. 702 S.W. Eighth St. Bentonville, AR 72716 479-273-4000/479-273-4053 1,200 2,000,000 Retail/discount department stores and Sam's Club warehouse. $446,950,000,000 $421,849,000,000 Jan. 31 Bentonville, Arkansas Public www.walmart.com S. Robson Walton H. Lee Scott 1969 TARGET CORP. 1625 Owens St. Lakewood, CO 80215 612-304-6073/612-696-3731 900 355,000 Discount retail chain. $69,865,000,000 $67,390,000,000 Jan. 31 Minneapolis, Minnesota Public www.target.com Gregg Steinhafel, CEO, president 1962 WHOLE FOODS MARKET INC. 2905 Pearl St. Boulder, CO 80301 303-545-6611/303-545-6633 900 53,100 Organically grown produce, fresh-baked goods, deli foods, florist. Full catering and concierge services available including carry-out and on location. $11,698,828,000 $10,107,790,000 Sept. 30 Austin, Texas Public www.wholefoods.com Jennifer Rudback, store team leader 1980 HUNTER DOUGLAS INC., WINDOW FASHIONS DIVISION 1 Duette Way Broomfield, CO 80020 303-466-1848/303-876-3630 891 N/A Manufactures custom window coverings. N/A N/A Dec. 31 Pearl River, New York Private www.hunterdouglas.com Hurley Mitchell, president manufacturing group Richard Pellett, president, general manager of Window Fashions Division 1946 DIGITALGLOBE INC. 1601 Dry Creek Drive, Suite 260 Longmont, CO 80503 303-684-4000/303-682-3848 708 N/A Provider of high-resolution commercial satellite imagery and geospatial information products. $421,400,000 $339,500,000 Dec. 31 Longmont Public www.digitalglobe.com Jeffrey R. Tarr, president, CEO 1992 SAFEWAY INC. 6900 S. Yosemite St. Englewood, CO 80112 303-843-7600/303-843-7939 704 180,000 Retail grocery. $44,206,500,000 $41,050,000,000 Jan. 1 Pleasanton, California Public www.safeway.com Steven A. Burd, CEO 1927 AMGEN INC. 4000 Nelson Road Longmont, CO 80503 303-401-1000 700 17,800 Manufacturer of biologics. $17,300,000,000 $15,053,000,000 Dec. 31 Thousand Oaks, California Public www.amgen.com Robert Bradway, president, CEO 1980 630 630 Provides comprehensive medical services, including 24-hour emergency care. Maternity care and advanced total joint replacement provider. $85,500,000 $81,000,000 June 30 Louisville Centura Health Private www.avistahospital.org Cheryl Curry, CFO 1990 MWH GLOBAL INC. 380 Interlocken Crescent, Suite 200 Broomfield, CO 80021 303-533-1900/303-533-1901 611 8,000 Provides water, wastewater, energy, natural resource, programmanagement, consulting and construction services to industrial, municipal and government clients. $1,545,399,000 $1,483,954,000 Dec 30 Broomfield Private www.mwhglobal.com Alan J. Krause, chairman and CEO 1945 EMERSON PROCESS MANAGEMENT, MICRO MOTION DIVISION 7070 Winchester Circle Boulder, CO 80301 800-522-6277/303-530-8459 591 823 Manufactures precision flow and density meters. N/A $24,222,000,000 Sept. 30 St. Louis, Missouri Emerson Public www.micromotion.com Neal Ingram, president 1977 WHITEWAVE FOODS CO. 12002 Airport Way Broomfield, CO 80021 303-635-4000/303-635-5657 460 2,600 Horizon offers organic and natural dairy products; Silk offers soy and almond milk products; International Delight nondairy coffee creamer; Land O' Lakes liquid and cultured dairy products. $2,325,472,000 $2,068,431,000 Dec. 31 Dallas, Texas Dean Foods Co. Public www.whitewave.com Gregg L. Engles, CEO, chairman 2004 YMCA OF BOULDER VALLEY 2800 Dagny Way Lafayette, CO 80026 303-664-5455/303-664-5456 429 429 Youth development, healthy living and social responsibility. $9,167,233 $8,707,792 Dec. 31 Boulder Private www.ymcabv.org Chris Coker, CEO, president 1955 SPECTRA LOGIC CORP. 6285 Lookout Road Boulder, CO 80301 303-449-6400/303-939-8844 325 399 Data protection with tape and disk-based backup, recovery and archive storage solutions. N/A N/A June 30 Boulder Private www.spectralogic.com Nathan C. Thompson, CEO, chairman 1979 LONGMONT CLINIC 1925 W. Mountain View Ave. Longmont, CO 80501 303-776-1234 300 N/A Multispecialty medical center with more than 50 physicians and 20 medical specialties. Ancillary services include radiology, lab, walk in urgent care , diagnostic imaging, nuclear medicine and more. N/A N/A Dec. 31 Longmont Private www.longmontclinic.com Jack B. Campbell, administrator 1906 NORTHROP GRUMMAN ELECTRONIC SYSTEMS INC. 6120 Longbow Drive Boulder, CO 80301 720-622-6008 290 N/A Satellite ground stations supporting missile warning and missile defense. N/A N/A Dec. 30 Baltimore Public www.ngc.com Ron Alford, director of Colorado operations 1939 CELESTIAL SEASONINGS INC. 4600 Sleepytime Drive Boulder, CO 80301 303-530-5300/303-581-1332 250 N/A More than 70 varieties of herbal, green, black, wellness, Rooibos and chai teas, plus ready-to-drink beverages like organic Kombucha and natural shots. $1,378,247,000 $1,108,546,000 June 30 Melville, New York The Hain Celestial Group Inc. Public www.celestialseasonings.com Peter Burns, president 1969 LEANIN' TREE INC. 6055 Longbow Drive Boulder, CO 80301 303-530-1442/303-530-5124 200 N/A Family-owned business providing greeting cards and gifts made in the USA since 1949. Printed on recycled paper. N/A N/A Dec. 31 Boulder Private www.leanintree.com Tom Trumble, CEO, president 1949 SILL-TERHAR MOTORS INC. 150 Alter St. Broomfield, CO 80020 303-469-1801/720-284-0791 130 N/A Ford, Lincoln, Mercury, Mazda, Volvo, Jaguar, Maserati, Lamborghini, Aston Martin, and pre-owned sales, parts and service. $106,980,153 $94,657,316 Dec. 31 Broomfield Private www.sthmotors.com Jack TerHar, president Beau Smith, vice president 1960 AVISTA ADVENTIST HOSPITAL 100 Health Park Drive Louisville, CO 80027 303-673-1000/303-673-1048 N/A: not available. IBM will not release local employment numbers. Employement listed here is a Business Report estimate. Researched by Mariah Gant Source: Business Report Survey 16A | March 29 - April 11, 2013 Boulder County Business Report | www.bcbr.com FOR THE RECORD Bankruptcies Applications for bankruptcy protection are filed with the U.S. Bankruptcy Court in Denver. Chapter 7 denotes filings made for liquidation. Chapter 11 indicates filings for reorganization. Chapter 13 indicates filings that enable petitioners to pay off their creditors over three to five years. Foreclosures Includes notices of election and demand filed by creditors alleging default on a debt. Foreclosures are not final until a Public Trustee’s Deed has been issued. State Tax Liens Judgments filed against assets of individuals or businesses with delinquent taxes. Judgments Judgments constitute decisions by a court of law against an individual or corporation for payment of monetary damages. Warranty Deeds Transfers property while guaranteeing a clear title free of any encumbrances that are not listed on the deed. This information is obtained from SKLD Information Services. BANKRUPTCIES 12622, DATE FILED: 2/27/2013. Boulder County Chapter 7 MICHAEL LEWIS PAUL, 220 SUMMIT BLVD UNIT 364, BROOMFIELD; CASE #2013-12797, DATE FILED: 3/1/2013. MICHELLE ANNE SCOTT, 630 PECK DR, LONGMONT; CASE #201312554, DATE FILED: 2/27/2013. DIANE JEAN CZARKOWSKI, 5339 OLDE STAGE RD, BOULDER; CASE #2013-12759, DATE FILED: 3/1/2013. STEPHEN JAMES ALEXANDER, 1219 LARK ST, LONGMONT; CASE #2013-12761, DATE FILED: 3/1/2013. JUDITH ELIZABETH BAGWELL, 716 INDEPENDANCE DR, LONGMONT; CASE #2013-12774, DATE FILED: 3/1/2013. JULIAN CID HERNANDEZ, 4500 19TH ST #601, BOULDER; CASE #2013-12791, DATE FILED: 3/1/2013. GEOFFREY PAUL GORMAN, 8624 MAGNOLIA DR, NEDERLAND; CASE #2013-12796, DATE FILED: 3/1/2013. EDWARD JOSEPH JR WINCE, 599 EXCALIBUR ST UNIT 107, LAFAYETTE; CASE #2013-12798, DATE FILED: 3/1/2013. DANA ADRIANA MEDINA, 714 LINCOLN PL, BOULDER; CASE #201312803, DATE FILED: 3/1/2013. MARLENA RICH, 4838 BRANDON CREEK DRIVE, BOULDER; CASE #2013-12862, DATE FILED: 3/1/2013. CHRISTOPHER HYUNGHO REIVICH, 2875 STEPHENS ROAD, BOULDER; CASE #2013-12871, DATE FILED: 3/1/2013. ROBERT EUGENE BLASE, 1119 SHERRI MAR COURT, LONGMONT; CASE #2013-12884, DATE FILED: 3/1/2013. BARBARA ANN RICKER, 2121 ENTERPRISE STREET, SUPERIOR; CASE #2013-13011, DATE FILED: 3/5/2013. CARLOS ORONAZAMORA, 325 WADSWORTH CIR, LONGMONT; CASE #2013-13024, DATE FILED: 3/5/2013. RONALD HENRY JR NICHOLS, 1010 E 10TH AVE APT #213, BROOMFIELD; CASE #2013-13026, DATE FILED: 3/5/2013. DEDRIC JAMAL MCGHEE, 753 ELDORADO RD APT 2021, BROOMFIELD; CASE #2013-13077, DATE FILED: 3/6/2013. KRISTY LEE BACA, 333 MULBERRY CIR, BROOMFIELD; CASE #201313123, DATE FILED: 3/6/2013. KIRK A HEADRICK, 209 BERYL WAY, BROOMFIELD; CASE #2013-13277, DATE FILED: 3/8/2013. WESLEY NEAL HARVEY, PO BOX 7587, BROOMFIELD; CASE #201313315, DATE FILED: 3/8/2013. Chapter 13 RYAN W PLUSH, 12271 CHERRYWOOD ST, BROOMFIELD; CASE #2013-13296, DATE FILED: 3/8/2013. FORECLOSURES Boulder County BORROWER: DONOVAN T MARTIN, 3889 NORTHBROOK DR, BOULDER. LENDER: COMPASS BANK, AMOUNT DUE: $533187. CASE #3290232. 2/15/2013 BORROWER: GEOFFREY HILL & CORI BATSON, 5414 GUNBARREL CIR, LONGMONT. LENDER: JPMORGAN CHASE BK, AMOUNT DUE: $324789. CASE #3290716. 2/19/2013 BORROWER: REAGAN J & CHRISTINE PERRY, 2110 STONEHENGE CIR, LAFAYETTE. LENDER: US BK NORTH DAKOTA, AMOUNT DUE: $389340. CASE #3290717. 2/19/2013 BORROWER: DORIS ROSS, 5058 BUCKINGHAM RD, BOULDER. LENDER: BK AM, AMOUNT DUE: $180546. CASE #3290718. 2/19/2013 LAURA BLAIR IRWIN, 721 MILLIONAIRE DRIVE WEST, BOULDER; CASE #2013-13032, DATE FILED: 3/5/2013. BORROWER: ANIRUDDA LOWRIE, 535 ATWOOD ST, LONGMONT. LENDER: CU MEMBERS MORTGAGE, AMOUNT DUE: $109367. CASE #3291032. 2/20/2013 DIANE LOUISE MAYES, 2600 SOUTH ROCK CREEK PKWY APT, SUPERIOR; CASE #2013-13038, DATE FILED: 3/5/2013. BORROWER: ROSA B TELLEZ, 1288 HOFFMAN DR, ERIE. LENDER: ONEWEST BANK FSB, AMOUNT DUE: $225726. CASE #3291033. 2/20/2013 KEITH MURRAY CAMPBELL, 635 GOOSEBERRY DR, LONGMONT; CASE #2013-13044, DATE FILED: 3/5/2013. BORROWER: JOSE MARTINEZ GUTIERREZ, 131 REED PL, LONGMONT. LENDER: BRANCH BANKING TRUST, AMOUNT DUE: $274455. CASE #3291385. 2/21/2013 JESSE THOMAS LISTER, 4505 REDMOND DRIVE APT 11207, LONGMONT; CASE #2013-13064, DATE FILED: 3/6/2013. JOSEPH JAY GORE, 340 LILAC CR, LOUISVILLE; CASE #2013-13068, DATE FILED: 3/6/2013. STACY D WILLIAMS, 1191B MILO CIRCLE, LAFAYETTE; CASE #201313080, DATE FILED: 3/6/2013. DONNA RAE MAUS, 1209 TULIP STREET, LONGMONT; CASE #201313200, DATE FILED: 3/7/2013. Chapter 13 MICHAEL LEE GREENFIELD, 2612 MOUNTAIN VIEW AVE, LONGMONT; CASE #2013-12675, DATE FILED: 2/28/2013. MICHAEL GASPER GONZALES, 4165 APACHE RD, BOULDER; CASE #2013-12934, DATE FILED: 3/2/2013. Broomfield County Chapter 7 JENNIFER TAYLOR, 7835 W 119TH PL, BROOMFIELD; CASE #2013- BORROWER: SHELLY D & ROBERT A KNIGHT, 701 SNOWBERRY ST, LONGMONT. LENDER: US BANK NATIONAL ASSOCIATION T, AMOUNT DUE: $202233. CASE #3291386. 2/21/2013 BORROWER: HEATHER & KYLE HESTER, 616 BAKER ST, LONGMONT. LENDER: US BANK NATIONAL ASSOCIATION T, AMOUNT DUE: $215758. CASE #3291764. 2/22/2013 BORROWER: JUAN VIDAL LOZANO, 207 BROSS ST, LONGMONT. LENDER: US BANK NATIONAL ASSOCIATION T, AMOUNT DUE: $128740. CASE #3291765. 2/22/2013 BORROWER: TIFFANY A MORRISON, 742 CAMERON LN, LONGMONT. LENDER: BANK AMERICA, AMOUNT DUE: $172902. CASE #3292496. 2/26/2013 BORROWER: RICHARD F & JOAN M JOLLIE, 428 NEWMAN CIR, LONGMONT. LENDER: NATIONSTAR MORTGAGE LLC, AMOUNT DUE: $145462. CASE #3292497. 2/26/2013 BORROWER: SCOTT L OLIVER, 8280 DEER RUN, LONGMONT. LENDER: DEUTSCHE BANK NATIONAL TRUST C, AMOUNT DUE: $674272. CASE #3292498. 2/26/2013 BORROWER: CHRISTOPHER H LEWIS, 1054 DELTA DR, LAFAYETTE. LENDER: WELLS FARGO BANK, AMOUNT DUE: $116282. CASE #3293451. 2/28/2013 BORROWER: STUART G & LUANNE WELWOOD, 2109 HACKBERRY CIR, LONGMONT. LENDER: NATIONSTAR MORTGAGE LLC, AMOUNT DUE: $146955. CASE #3293452. 2/28/2013 BORROWER: DONNA R BRINDLEY, 1308 VESTA CIR, LAFAYETTE. LENDER: JPMORGAN CHASE BANK NATIONAL A, AMOUNT DUE: $133791. CASE #3293453. 2/28/2013 BORROWER: MADISON FAUST, 1843 MALLARD DR # 18, SUPERIOR. LENDER: COLORADO HOUSING FINANCE AUTHO, AMOUNT DUE: $145951. CASE #3293454. 2/28/2013 BORROWER: JOEL L SCHAFFER, 3355 TALISMAN CT APT A, BOULDER. LENDER: PNC BANK NATIONAL ASSOCIATION, AMOUNT DUE: $122187. CASE #3293455. 2/28/2013 BORROWER: AVIS BURNETT, 955 JASMINE CIR, BOULDER. LENDER: US BANK TRUST NATIONAL ASSOCIA, AMOUNT DUE: $426576. CASE #3293456. 2/28/2013 BORROWER: CARIBOU INVESTMENT GROUP LLC, 1604 3RD AVE, LONGMONT. LENDER: FIRSTBANK, AMOUNT DUE: $130721. CASE #3293850. 3/1/2013 BORROWER: DAVID & JANE CHAKNOVA, 8687 MORTON RD, LONGMONT. LENDER: CHAKNOVA FAMILY TRUST, AMOUNT DUE: $200000. CASE #3293851. 3/1/2013 BORROWER: ANDRE FRAPPIER, 1220 FAIRFIELD DR, BOULDER. LENDER: HSBC BANK USA, AMOUNT DUE: $294995. CASE #3293852. 3/1/2013 BORROWER: KELLY G ALLEN, 1111 MAXWELL AVE APT 212, BOULDER. LENDER: BANK NEW YORK MELLON TRUST CO, AMOUNT DUE: $171550. CASE #3293853. 3/1/2013 Broomfield County BORROWER: DAN V BUI, 12785 WOLFF CT, BROOMFIELD. LENDER: HOMEWARD RESIDENTIAL INC, AMOUNT DUE: $71555. CASE #2739. 2/21/2013 BORROWER: BARBARA J PIERCE, 13581 SHERIDAN BLVD, BROOMFIELD. LENDER: JPMORGAN CHASE BANK NATIONAL A, AMOUNT DUE: $161506. CASE #2740. 2/21/2013 BORROWER: BEVERLEY IRENE & REBECCA SUE THIRLAWAY, 685 QUARTZ WAY, BROOMFIELD. LENDER: PROVIDENT FUNDING ASSOCIATES L, AMOUNT DUE: $170497. CASE #2759. 2/21/2013 BORROWER: DAVID ADAIR & KARON JUNE HUGHES, 3420 BOULDER CIR UNIT 104, BROOMFIELD. LENDER: BANK AMERICA, AMOUNT DUE: $138956. CASE #2812. 2/25/2013 BORROWER: KERIN E DYER, 12540 DALE CT, BROOMFIELD. LENDER: WELLS FARGO BANK, AMOUNT DUE: $176120. CASE #3027. 2/28/2013 BORROWER: PETER & STEPHANIE PAQUET, 13431 SHERIDAN BLVD, BROOMFIELD. LENDER: DEUTSCHE BANK NATIONAL TRUST C, AMOUNT DUE: $166303. CASE #3038. 2/28/2013 BORROWER: JAIME RECH, 12331 DEERFIELD WAY, BROOMFIELD. LENDER: BANK NEW YORK MELLON TRUST CO, AMOUNT DUE: $226689. CASE #3199. 3/4/2013 JUDGMENTS Boulder County HOMEOWNERS ASSOC. AMOUNT: $1623.74. CASE #C-12C-318640. DATE: 3/1/2013 Broomfield County DEBTOR: GARRETT D QUACKENBUSH, CREDITOR: GARRETT D QUACKENBUSH. AMOUNT: $319596.67. CASE #D-12CV-000507. DATE: 2/19/2013 DEBTOR: JOSEPH MCGOWAN, CREDITOR: 1919 STREET LLC. A M O U N T: $ 2 5 4 2 9 . 4 . C A S E #D-12CV-030013. DATE: 2/19/2013 D E B T O R : RYA N H A N S O N , CREDITOR: TAMARON II CONDO ASSOC. AMOUNT: $3020.97. CASE #C-12C50161. DATE: 2/20/2013 D E B T O R : RYA N H A N S O N , CREDITOR: TAMARON II CONDO ASSOC. AMOUNT: $3020.97. CASE #C-13C50161. DATE: 2/21/2013 DEBTOR: WAYNE E PETERSON, CREDITOR: GREENWAY PARK HOMEOWNERS ASSOC. AMOUNT: $1780.52. CASE #C-12C-001152. DATE: 2/21/2013 DEBTOR: CHRISTINA C STICKLER, CREDITOR: PREMIER MEMBERS FED CREDIT UNI. AMOUNT: $6512.44. CASE #C-12C-001757. DATE: 2/21/2013 DEBTOR: CASA DIEGOS INC, CREDITOR: TUSCAN HILLS LLC. AMOUNT: $79798.36. CASE #D-10CV-005030. DATE: 2/21/2013 DEBTOR: STEVEN R & KAREN M CARRUTHERS, CREDITOR: COUNTRY FIELDS HOMEOWNERS ASSO. AMOUNT: $1389.23. CASE #C-12C001538. DATE: 2/26/2013 DEBTOR: MICHAEL GAUTENBEIN, CREDITOR: CITIFINANCIAL AUTO LTD. AMOUNT: $12264.99. CASE #C-09C-003424. DATE: 3/1/2013 DEBTOR: BRIAN ANGELO TOBIA, CREDITOR: SADDLEBROOKE AT ROCK CREEK HOM. AMOUNT: $3047.59. CASE #C-10C-004514. DATE: 3/1/2013 Broomfield County DEBTOR: ROBERT G MILLER, CREDITOR: ALPINE CREDIT INC. AMOUNT: $0.0. CASE #12C1383. DATE: 2/26/2013 DEBTOR: STEVEN P & ANGELA S LARSEN, CREDITOR: WILDGRASS TOWNHOUSE SUBASSOCIA. AMOUNT: $2656.07. CASE #C-12C000503. DATE: 2/20/2013 DEBTOR: KEVIN D NELSON, CREDITOR: BOULDER VALLEY CREDIT UNION. AMOUNT: $7071.02. CASE #C-11C-000919. DATE: 2/21/2013 DEBTOR: SANDY M JOHANSEN, CREDITOR: ALPINE CREDIT INC. AMOUNT: $2655.5. CASE #C-12C030166. DATE: 2/22/2013 DEBTOR: CATRICE L BOOTHE, CREDITOR: PREMIER MEMBERS FED CREDIT UNI. AMOUNT: $14634.96. CASE #C-12C-001758. DATE: 2/21/2013 DEBTOR: TONYA R LOPEZ, CREDITOR: PORTFOLIO RECOVERY ASSOC LLC. AMOUNT: $1575.07. CASE #C-12C-030123. DATE: 2/25/2013 DEBTOR: JESUS M CORCHADO, CREDITOR: WAKEFIELD ASSOC INC. AMOUNT: $4295.83. CASE #C-12C030458. DATE: 2/21/2013 DEBTOR: JONATHAN DAMON & JONA NORRIS, CREDITOR: WELLS FARGO BK. AMOUNT: $17414.07. CASE #C-12CV-000214. DATE: 2/25/2013 303 VODKA, $6302.18, CASE #3293660, 2/28/2013. DEBTOR: REAL LIFE CAPITAL INC, CREDITOR: FLORIDA MALL LLC. AMOUNT: $50955.88. CASE #D-12CV-000977. DATE: 2/25/2013 AUTOWERKS EAST INC, $3483.0, CASE #3293675, 2/28/2013. DEBTOR: CASA DIEGOS INC, CREDITOR: TUSCAN HILLS LLC. AMOUNT: $79798.36. CASE #D-10CV-005030. DATE: 2/21/2013 DEBTOR: NF P ENTERPRISES LLC, CREDITOR: COMMUNITY BK COLO. AMOUNT: $282078.74. CASE #D-12CV-005282. DATE: 2/22/2013 DEBTOR: MICHAEL LENICK, CREDITOR: DISCOVER BK. AMOUNT: $3507.68. CASE #C-12C-030416. DATE: 2/22/2013 DEBTOR: JOHN B CLAUS, CREDITOR: DREXEL UNIVERSITY. AMOUNT: $5970.1. CASE #C-12C003008. DATE: 2/25/2013 DEBTOR: CAROL E MAYEDA, CREDITOR: DISCOVER BK. AMOUNT: $14679.13. CASE #C-12C030747. DATE: 2/25/2013 DEBTOR: MICHAEL GONZALES, CREDITOR: LIBERTY ACQUISITIONS SERVICING. AMOUNT: $1163.51. CASE #C-11C-005159. DATE: 2/25/2013 DEBTOR: JODY KRAUSE, CREDITOR: PREMIER MEMBERS FED CREDIT UNI. AMOUNT: $3656.95. CASE #C-07C-001260. DATE: 2/25/2013 DEBTOR: LORRY & LORRY MELNICK, CREDITOR: LULUS PLAZAS LLC. AMOUNT: $39955.77. CASE #D-12CV-007715. DATE: 2/25/2013 DEBTOR: REAL LIFE CAPITAL INC, CREDITOR: FLORIDA MALL LLC. AMOUNT: $50955.88. CASE #D-12CV-000977. DATE: 2/25/2013 DEBTOR: COWEST INS BOULDER INC, CREDITOR: PLAZA III LTD. AMOUNT: $36323.0. CASE #D-12CV-000444. DATE: 2/25/2013 DEBTOR: CHARLES C REED, CREDITOR: PLAZA III LTD. AMOUNT: $19814.36. CASE #D-12CV-000444. DATE: 2/25/2013 DEBTOR: CHARLES C REED, CREDITOR: PLAZA III LTD. AMOUNT: $19814.36. CASE #D-12CV-000444. DATE: 2/25/2013 DEBTOR: TAWNYA MONACO, CREDITOR: PREMIER MEMBERS FED CREDIT UNI. AMOUNT: $14232.93. CASE #C-13C-030032. DATE: 2/27/2013 DEBTOR: CHRIS L MARTINEZ, CREDITOR: TCF NATL BK. AMOUNT: $39616.14. CASE #D-12CV-000337. DATE: 2/28/2013 DEBTOR: CERASANI ENTERPRISES LLC, CREDITOR: LJ PARK LLC. AMOUNT: $166227.95. CASE #D-12CV-002505. DATE: 2/28/2013 DEBTOR: PATTRISHA SULLIVAN, CREDITOR: ALWAYS DONE RIGHT ROOFING. AMOUNT: $7655.0. CASE #C-12S-000277. DATE: 2/28/2013 DEBTOR: CHRISTOPHER BARNETT, CREDITOR: SMOKY HILL DEBTOR: LORRY & LORRY A MELNICK, CREDITOR: LULUS PLAZAS LLC. AMOUNT: $39955.77. CASE #D-12CV-007715. DATE: 2/25/2013 DEBTOR: WENDY RITTER, CREDITOR: ALPINE CREDIT INC. AMOUNT: $630.85. CASE #C-12C-030108. DATE: 2/25/2013 DEBTOR: JAVIER MARTI, CREDITOR: LIBERTY ACQUISITIONS SERVICING. AMOUNT: $12241.82. CASE #C-12C-058464. DATE: 2/28/2013 DEBTOR: CERASANI ENTERPRISES LLC, CREDITOR: LJ PARK LLC. AMOUNT: $166227.95. CASE #D-12CV-002505. DATE: 2/28/2013 DEBTOR: RICHARD W & RICH HERRING, CREDITOR: SACOR FIN INC. AMOUNT: $7546.42. CASE #C-12C-001420. DATE: 2/28/2013 DEBTOR: BRYAN J RASMUSSEN, CREDITOR: COMMUNITY FIN CREDIT UNION. AMOUNT: $4190.79. CASE #C-11C-00659. DATE: 3/1/2013 DEBTOR: CHRISTOPHER BARNETT, CREDITOR: SMOKY HILL HOMEOWNERS ASSOC. AMOUNT: $1623.74. CASE #C-12C-318640. DATE: 3/1/2013 RELEASE OF JUDGMENT Boulder County DEBTOR: DELMAR HAMILTON, CREDITOR: MIDLAND CREDIT MANAGEMENT INC. AMOUNT: $0.0. CASE #. DATE: 2/15/2013 DEBTOR: RAY E MUELLER, CREDITOR: CAPITAL ONE BK USA. AMOUNT: $7166.06. CASE #C-11C4723. DATE: 2/15/2013 DEBTOR: BENJAMIN RICHARDSON, CREDITOR: USA. AMOUNT: $0.0. CASE #D-97-CR-63-WM. DATE: 2/20/2013 DEBTOR: JENNIFER A MCCALLUM, CREDITOR: PROFESSIONAL FIN CO INC. AMOUNT: $0.0. CASE #. DATE: 2/25/2013 DEBTOR: HAYDEN L MEIER, CREDITOR: LAW OFFICES SIEGEL SIEGEL. AMOUNT: $0.0. CASE #D-11CV1152. DATE: 2/25/2013 DEBTOR: STOP N PARK LLC, CREDITOR: JEFFREY D & JULI COHEN. AMOUNT: $589.0. CASE #C-11C-003982. DATE: 2/19/2013 DEBTOR: LISA K RASMUSSEN, CREDITOR: LVNV FUNDING. AMOUNT: $5115.74. CASE #C-06C004629. DATE: 2/25/2013 DEBTOR: KAREN & RICHARD LANGHART, CREDITOR: DURANGO VISIONS LLC. AMOUNT: $0.0. CASE #D-07CV178. DATE: 2/26/2013 STATE TAX LIENS Boulder County 2E LLC, $2441.0, CASE #3293682, 2/28/2013. 303 VODKA, $708.92, CASE #3293668, 2/28/2013. APRON STRINGS BAKERY LLC, $959.0, CASE #3293683, 2/28/2013. AUTOWERKS EAST INC, $103.75, CASE #3293256, 2/27/2013. BOULDER DISTILLERY CLEAR SPIRI, $1920.81, CASE #3293662, 2/28/2013. BOULDER MEDICAL MARIJUANA COOP, $3660.0, CASE #3293673, 2/28/2013. BOULDER SECURITY LOCK SAFE INC, $1209.0, CASE #3293663, 2/28/2013. BOULDER SECURITY LOCK SAFE INC, $1203.0, CASE #3293680, 2/28/2013. CABIN FEVER COMICS INC, $3602.0, CASE #3293676, 2/28/2013. CARPET OUTPOST LLC, $2426.0, CASE #3293674, 2/28/2013. CARPET OUTPOST LLC, $2418.0, CASE #3293659, 2/28/2013. CASH ENTERTAINMENT LLC, $954.9, CASE #3293257, 2/27/2013. CHRISTOPHER MECHANICAL SERVICE, $1838.0, CASE #3293670, 2/28/2013. CIRCADENCE CORP, $573.42, CASE #3293255, 2/27/2013. COHERENT FIN SERVICES, $439.14, CASE #3293638, 2/28/2013. COLLEGE SP LLC, $1833.0, CASE #3293664, 2/28/2013. CONILOGUE QUALITY CAR TRUCK RE, $1101.0, CASE #3293677, 2/28/2013. DESIGN WEST ARCHITECTURE INC, $1543.19, CASE #3293646, 2/28/2013. EL TACO FELIZ LLC, $8832.0, CASE #3293672, 2/28/2013. FOCUSED FIN PLANNING INC, $838.47, CASE #3292123, 2/22/2013. FOOTHILLS PREMIER AUTO GROUP L, $8607.0, CASE #3293669, 2/28/2013. HEIGHTS HEALTHCARE CO LLC, $1163.27, CASE #3294017, 3/1/2013. HERITAGE TILE MARBLE GRANITE I, $100.07, CASE #3292816, 2/26/2013. HIGH GRADE ALTERNATIVES LLC, $759.66, CASE #3291775, 2/22/2013. K2 COFFEE, $668.0, CASE #3293666, 2/28/2013. KHOW THAI CAFE LLC, $1638.16, CASE #3293645, 2/28/2013. LABORATORY SUPPLY CO, $764.08, CASE #3291777, 2/22/2013. LATHROP GAGE LLP, $1994.75, CASE #3291778, 2/22/2013. LAW OFFICE BENNETT BRAVERMAN P, $427.77, CASE #3294016, March 29 - April 11, 2013 Boulder County Business Report | www.bcbr.com | 17A FOR THE RECORD 3/1/2013. Broomfield County LINX ACQUISITIONS LLC, $2986.77, CASE #3292372, 2/25/2013. A LURE CO, $0.0, CASE #2756, 2/21/2013. M FITZ ASSOC INC, $2906.61, CASE #3290694, 2/19/2013. BROOMFIELD FUNERAL HOME, $0.0, CASE #2758, 2/21/2013. NEW LINE CONSULTING LLC, $6528.0, CASE #3293678, 2/28/2013. BROOMFIELD SKILLED NURSING REH, $0.0, CASE #2757, 2/21/2013. NHT CORP, $988.65, CASE #3292815, 2/26/2013. WARRANTY DEEDS PILGRIM COMMUNICATIONS INC, $5782.29, CASE #3291780, 2/22/2013. Seller: FANNIE MAE Buyer, Buyer’s Address: MQT HOLDINGS LLC, 1930 EMERALD DR Address: 12960 PRINCE CT, BROOMFIELD Price: $164000 Date Closed: 2/18/2013 PLAZA LATINO, $197.0, CASE #3293681, 2/28/2013. PROQUEST LLC, $837.18, CASE #3291781, 2/22/2013. RA CATERING INC, $892.67, CASE #3291239, 2/20/2013. ROO MANAGEMENT INC, $9894.0, CASE #3293667, 2/28/2013. TAX RESOLUTION CENTER INC, $14012.4, CASE #3291779, 2/22/2013. TERRAPACT LLC, $728.02, CASE #3291776, 2/22/2013. TRI COUNTY GLASS, $449.0, CASE #3293671, 2/28/2013. THOMAS J JRVIDAK, $494.63, CASE #3292122, 2/22/2013. WOODRUFF LLC, $8771.0, CASE #3293679, 2/28/2013. ZAPATERIA CHAVEZ INC, $1196.0, CASE #3293665, 2/28/2013. ZAPATERIA CHAVEZ INC, $1206.0, CASE #3293661, 2/28/2013. Broomfield County OSCARS LLC, $2609.0, CASE #3086, 2/28/2013. PEACE MIND, $3626.0, CASE #3085, 2/28/2013. WILDERNESS ELECTRICAL ENT INC, $1164.8, CASE #3004, 2/27/2013. RELEASE OF STATE TAX LIENS Boulder County BOULDER SPORT SOCIAL CLUB, $1490.64, CASE #3291377, 2/21/2013. BROOMFIELD FUNERAL HOME, $2756.54, CASE #3291774, 2/22/2013. BROOMFIELD SKILLED NURSING REH, $15775.12, CASE #3291773, 2/22/2013. DEMAJ LLC, $1286.8, CASE #3292125, 2/22/2013. EARTHEN DESIGN INC, $1178.75, CASE #3291767, 2/22/2013. GEN DEN CORP, $481.55, CASE #3291770, 2/22/2013. HCPRO INC, $142.23, CASE #3291769, 2/22/2013. JENNIFER GREANY LLC, $1174.63, CASE #3291772, 2/22/2013. JOHNS CREATIVE ROOFING INC, $1233.88, CASE #3292124, 2/22/2013. LEGACY INNOVATION LLC, $0.0, CASE #3290693, 2/19/2013. NEWSEASON SERVICES LLC, $1426.84, CASE #3291771, 2/22/2013. SWEAT LLC, $1747.86, CASE #3293647, 2/28/2013. UNIVERSAL CAPITAL MANAGEMENT I, $3705.97, CASE #3291768, 2/22/2013. Broomfield County Seller: ANN MARIE & RYAN A SONNTAG Buyer, Buyer’s Address: DANIEL A & DAWN A COSIO, 3487 WOLVERINE LOOP Address: 13300 NIWOT TRL, BROOMFIELD Price: $214000 Date Closed: 2/18/2013 Seller: BK AM Buyer, Buyer’s Address: HUD, 490 ASPEN CT Address: 490 ASPEN CT, BROOMFIELD Price: $ Date Closed: 2/18/2013 Seller: STANDARD PACIFIC COLORADO INC Buyer, Buyer’s Address: JEFFREY J JIAMPETTI, 4719 RAVEN RUN Address: 4719 RAVEN RUN, BROOMFIELD Price: $315000 Date Closed: 2/19/2013 Seller: FREEDOM MTG CORP Buyer, Buyer’s Address: HUD, 4284 THORNDYKE PL Address: 4284 THORNDYKE PL, BROOMFIELD Price: $ Date Closed: 2/19/2013 Seller: STATE FARM BANK FSB Buyer, Buyer’s Address: JOHN A THIERSCH, 13456 VIA VARRA UNIT 134 Address: 13614 PLASTER CIR, BROOMFIELD Price: $260000 Date Closed: 2/19/2013 Seller: GLENN A WILLIAMSON Buyer, Buyer’s Address: DAVID L & LENORE J MORTON, 1363 LOCH LOMOND AVE Address: 1363 LOCH LOMOND AVE, BROOMFIELD Price: $299900 Date Closed: 2/19/2013 Seller: HOUSEHOLD FINANCE CORP III Buyer, Buyer’s Address: WILMA I HERRMANN LIVING TRUST, 1135 COUNTY ROAD 253 Address: 350 KOHL ST, BROOMFIELD Price: $181000 Date Closed: 2/20/2013 Seller: GERALD E PETERSON Buyer, Buyer’s Address: RICHARD F MASON, 16671 ANTERO ST Address: 16671 ANTERO ST, BROOMFIELD Price: $296300 Date Closed: 2/20/2013 Seller: NEW WEST VENTURES INC Buyer, Buyer’s Address: JASON A WILLIAMSON, 12435 JULIAN CT Address: 12435 JULIAN CT, BROOMFIELD Price: $318000 Date Closed: 2/20/2013 Seller: NICHOLAS D MCAVOY Buyer, Buyer’s Address: WALTER B JR & CATHERINE M CHRISTMAS, 26900 E COLFAX AVE LOT 19 Address: 12286 UTICA ST, BROOMFIELD Price: $247500 Date Closed: 2/20/2013 Seller: ROBERT E & ADRIENNE I ABBOT Buyer, Buyer’s Address: CRAIG OSTERBUR, 4530 W 124TH AVE Address: 4530 W 124TH AVE, BROOMFIELD Price: $265000 Date Closed: 2/20/2013 Seller: PULTE HOME CORP Buyer, Buyer’s Address: BARRY AND MARILYN VASBOE TRUST, 15920 VERMILLION WAY Address: 15920 VERMILLION WAY, BROOMFIELD Price: $368600 Date Closed: 2/21/2013 Seller: BRANDON Y & CHANSAMON TANI Buyer, Buyer’s Address: TANI FAMILY TRUST, 440 CHESTNUT WAY Address: 440 CHESTNUT WAY, BROOMFIELD Price: $ Date Closed: 2/24/2013 Seller: BK AM Buyer, Buyer’s Address: HUD, 940 MARBLE ST Address: 940 MARBLE ST, BROOMFIELD Price: $ Date Closed: 2/24/2013 Seller: NORMAN E & FRANCES RUBINSTEIN Buyer, Buyer’s Address: JANNY CATHARINE DARBY, 16386 ALIANTE DR Address: 16386 ALIANTE DR, BROOMFIELD Price: $330000 Date Closed: 2/24/2013 Seller: KRISTY S MARTINEZ Buyer, Buyer’s Address: LEAH KAYE EXTEN, 3502 W 125TH DR Address: 3502 W 125TH DR, BROOMFIELD Price: $277500 Date Closed: 2/24/2013 Seller: DOTEN FAMILY TRUST Buyer, Buyer’s Address: THOMAS L & STEPHANIE A EASTON, 16643 EOLUS WAY Address: 16630 ELLINGWOOD DR, BROOMFIELD Price: $494000 Date Closed: 2/25/2013 Seller: TODD C ADELMANN Buyer, Buyer’s Address: ANITA BUDRAITIS, 13817 LEXINGTON PL Address: 13718 ROCK PT # 102, BROOMFIELD Price: $277500 Date Closed: 2/25/2013 Seller: SHROCK STEPHEN A M TRUJILLO Buyer, Buyer’s Address: MARISA KAYLEEN & CHAVEZ FRANCISCA MELENDEZ, 3371 W 134TH AVE Address: 3371 W 134TH AVE, BROOMFIELD Price: $207000 Date Closed: 2/25/2013 Seller: R STEVEN BEACH Buyer, Buyer’s Address: ELIAS & JENNIFER DEQUIROZ, 1156 FERN ST Address: 1156 FERN ST, BROOMFIELD Price: $218500 Date Closed: 2/25/2013 Seller: NATIONSTAR MORTGAGE LLC Buyer, Buyer’s Address: FEDERAL NATIONAL MORTGAGE ASSO, MULT PROP Address: 3460 BOULDER CIR UNIT 103, BROOMFIELD Price: $ Date Closed: 2/25/2013 Seller: LISA MARIE RICHARDSON Buyer, Buyer’s Address: ALLEN L TING, 1465 S ULSTER ST Address: 3161 QUEEN CT, BROOMFIELD Price: $223000 Date Closed: 2/25/2013 Seller: MICHAEL ROBERT SMITH Buyer, Buyer’s Address: SCOTT GESICKI, 4851 W 127TH AVE Address: 2990 W 133RD AVE, BROOMFIELD Price: $170000 Date Closed: 2/26/2013 Seller: CHARLES AND KATHLEEN RUTH LIVI Buyer, Buyer’s Address: CHARLES S & KATHLEEN A RUTH, 14184 JARED CT Address: 14184 JARED CT, BROOMFIELD Price: $ Date Closed: 2/26/2013 Seller: MIKE B SHELTON Buyer, Buyer’s Address: MICHAEL LEIGHTON, 1995 E COALTON RD # 87 203 Address: 4922 YATES CIR, BROOMFIELD Price: $293500 Date Closed: 2/26/2013 Seller: SUNTRUST MORTGAGE INC Buyer, Buyer’s Address: FEDERAL NATIONAL MORTGAGE ASSO, 14221 DALLAS PKWY STE 1000 Address: 13898 PTARMIGAN DR, BROOMFIELD Price: $ Date Closed: 2/26/2013 Seller: ERIC J & SARA M SANDUSKY Buyer, Buyer’s Address: BRIAN G CRIBARI, 12580 WOLFF ST Address: 12580 WOLFF ST, BROOMFIELD Price: $307000 Date Closed: 2/26/2013 Seller: MICHAEL R BASHER Buyer, Buyer’s Address: TOMAS ROBA, 13269 NIWOT TRL Address: 13269 NIWOT TRL, BROOMFIELD Price: $245500 Date Closed: 2/26/2013 Seller: ERIK S & LAUREN E FISHER Buyer, Buyer’s Address: MOHIT & SHEENAM JHAMB BHATIA, 14290 LAKEVIEW LN Address: 14290 LAKEVIEW LN, BROOMFIELD Price: $387000 Date Closed: 2/27/2013 Seller: LISA L KATCHKA Buyer, Buyer’s Address: GARY A & SHELLEY R PAULSON, 13243 LITTLE RAVEN WAY Address: 13243 LITTLE RAVEN WAY, BROOMFIELD Price: $358000 Date Closed: 2/27/2013 Seller: JANE C THAU Buyer, Buyer’s Address: CASEY ONEILL DAVID, 12961 S PRINCESS CIR Address: 12961 S PRINCESS CIR, BROOMFIELD Price: $229900 Date Closed: 2/27/2013 Seller: JOSEPH KEITH & EVA M SARKIALA KESSEL Buyer, Buyer’s Address: GREGORY R & EMMA L BAKER, 12655 XAVIER ST Address: 12655 XAVIER ST, BROOMFIELD Price: $295000 Date Closed: 2/27/2013 Seller: MATTHEW K DAVIS Buyer, Buyer’s Address: CHONG MING LEE, 5122 BROOKSIDE DR Address: 5122 BROOKSIDE DR, BROOMFIELD Price: $450000 Date Closed: 2/27/2013 Seller: HUD Buyer, Buyer’s Address: RENEE SKYLER & JESSIC SWARTZ, 14081 DOWNING ST Address: 3401 TRAVER DR, BROOMFIELD Price: $ Date Closed: 2/27/2013 Seller: SUSIE & NEIL SPEER Buyer, Buyer’s Address: LINDA L KAHOE, 13732 LEGEND WAY UNIT 101 Address: 13732 LEGEND WAY UNIT 101, BROOMFIELD Price: $203000 Date Closed: 2/27/2013 Seller: LINDA L KAHOE Buyer, Buyer’s Address: LINDA L KAHOE, 13732 LEGEND WAY UNIT 101 Address: 13732 LEGEND WAY UNIT 101, BROOMFIELD Price: $ Date Closed: 2/27/2013 Seller: PULTE HOME CORP Buyer, Buyer’s Address: KENNETH J & PATRICIA A FAGLER, 4566 HOPE CIR Address: 4566 HOPE CIR, BROOMFIELD Price: $426300 Date Closed: 2/27/2013 Seller: HAL T & SHARA L KELTNER Buyer, Buyer’s Address: CASEY J & SARAH M LEVINGER, 12537 RIVERA ST Address: 12537 RIVERA ST, BROOMFIELD Price: $310500 Date Closed: 2/27/2013 Seller: HUD Buyer, Buyer’s Address: NEIL A SHELTON, 12192 BANNOCK CIR APT D Address: 12150 SUNFLOWER ST, BROOMFIELD Price: $ Date Closed: 2/27/2013 Seller: TOLL CO I LLC Buyer, Buyer’s Address: BRUCE D & BARBARA M DAWSON, 1780 TIVERTON AVE Address: 1780 TIVERTON AVE, BROOMFIELD Price: $655900 Date Closed: 2/28/2013 Seller: RICHARD G & J COLLEEN THAXTON Buyer, Buyer’s Address: THOMAS D & MILDRED A GEE, 1107 E 15TH AVE Address: 1107 E 15TH AVE, BROOMFIELD Price: $200000 Date Closed: 2/28/2013 Seller: ALAN A & CANDICE L GREATHOUSE Buyer, Buyer’s Address: SUSAN K SANDERS, 5151 SPYGLASS DR Address: 5151 SPYGLASS DR, BROOMFIELD Price: $236900 Date Closed: 2/28/2013 Seller: ROBERT W & RUTH H EDMONDSON Buyer, Buyer’s Address: RICHARD E & KATHYLEEN J DEVINE, 16533 ANTERO CIR Address: 16533 ANTERO CIR, BROOMFIELD Price: $316000 Date Closed: 2/28/2013 Seller: PULTE HOME CORP Buyer, Buyer’s Address: GLEN J & MARJORIE A KANE, 4854 FLASH CT Address: 4854 FLASH CT, BROOMFIELD Price: $427600 Date Closed: 2/28/2013 Seller: PULTE HOME CORP Buyer, Buyer’s Address: NANCY J & RANDY B CASTERLIN, 4560 HOPE CIR Address: 4560 HOPE CIR, BROOM- FIELD Price: $507300 Date Closed: 2/28/2013 Seller: JOHN L ALCORN Buyer, Buyer’s Address: MARIANNE L GRAHAM, 3751 W 136TH AVE UNIT V2 Address: 3751 W 136TH AVE UNIT V2, BROOMFIELD Price: $249000 Date Closed: 2/28/2013 Seller: US BANK NATIONAL ASSOCIATION Buyer, Buyer’s Address: 555 RESIDENTIAL TRUST, 7105 QUIET RETREAT CT Address: 13242 RED DEER TRL, BROOMFIELD Price: $155000 Date Closed: 2/28/2013 Seller: AUDRA D BLACKLEDGE Buyer, Buyer’s Address: LISA & PAULA GYGER, 1016 OPAL ST UNIT 103 Address: 1016 OPAL ST UNIT 103, BROOMFIELD Price: $165000 Date Closed: 2/28/2013 Seller: DAVID A WALTER Buyer, Buyer’s Address: JACOB D & MICHELLE L NIE, 3201 W 10TH AVENUE PL Address: 3201 W 10TH AVENUE PL, BROOMFIELD Price: $218000 Date Closed: 2/28/2013 Seller: DEBORAH J MCCONNELL Buyer, Buyer’s Address: ROBERT F II PROVOST, 3538 W 126TH PL Address: 3538 W 126TH PL, BROOMFIELD Price: $250000 Date Closed: 2/28/2013 Seller: JPMORGAN CHASE BK Buyer, Buyer’s Address: HUD, 1013 ASH ST Address: 1013 ASH ST, BROOMFIELD Price: $ Date Closed: 3/3/2013 Seller: KIM STEPHANIE & DAVID N ELLISON Buyer, Buyer’s Address: DAVID KEITH & STEPHANIE KATHRYN LONG, 13963 STAR CREEK DR Address: 13963 STAR CREEK DR, BROOMFIELD Price: $412500 Date Closed: 3/3/2013 Seller: KIMBERLY FIELDS Buyer, Buyer’s Address: THOMAS A DOVER, 535 WYATT DR Address: 13608 PARKVIEW PL, BROOMFIELD Price: $295000 Date Closed: 3/3/2013 Seller: CARL L & VICKI L FOSTER Buyer, Buyer’s Address: CARL & VICKI L FOSTER, 1042 LILAC CT Address: 1042 LILAC CT, BROOMFIELD Price: $ Date Closed: 3/3/2013 Seller: SPRUCE MEADOWS DEVELOPMENT LTD Buyer, Buyer’s Address: THOMAS E & DEBRA K DEAN, 1560 MASTERS CT Address: 15497 MOUNTAIN VIEW CIR, BROOMFIELD Price: $261800 Date Closed: 3/4/2013 Seller: JENNIFER A & ROBERT L KALISCH Buyer, Buyer’s Address: JOEL HENDRICKSON, 13900 LAKE SONG LN UNIT B2 Address: 13900 LAKE SONG LN UNIT B2, BROOMFIELD Price: $179900 Date Closed: 3/4/2013º AWARDS Boulder-based natural foods company Justin’s Nut Butter LLC won the Natural Products Expo West’s Best of West: Press Award in Anaheim, California. The new, individually wrapped Dark Chocolate Peanut Butter Cups swept first place at the 33rd annual exposition, the industry’s largest event of the year. Justin’s was one of 2,438 natural and organic product exhibitors at the show this year, which attracted more than 63,000 natural industry retailers, distributors, affiliates, consumers and industry professionals. Louisville-based Jen’s Zen LLC received the Best New Vegan Product award at Natural Products Expo West for its Jen’s Zen Chocolate Sauce, a fudge sauce that is dairy and gluten-free based on owner Jen Lane’s family recipe that uses coconut milk as a base. Longmont United Hospital received the Healthyroads Fit Co. Gold Award from American Specialty Health Inc., a national healthservices organization that provides fitness, exercise and healthy-aging programs, population health solutions and specialty healthcare programs. Broomfield-based Level 3 Communications Inc. received the 2012 U.S. Growth Leadership Award from Frost & Sullivan for dedicated Internet access services. Based on Frost & Sullivan’s analysis, Level 3 has grown its market share at industry-leading rates over the last three years. Level 3 also was recognized for innovation in online dedicated Internet access service capabilities, which enable customers and prospects to easily navigate and streamline their service experience. 18A | March 29 - April 11, 2013 Boulder County Business Report | www.bcbr.com BUSINESS DIGEST OPENINGS Arbor Occupational Medicine, a Boulder-based network founded in 1992, opened a clinic east of Twin Peaks Mall at 1860 Industrial Circle, Suite D, Longmont. Drs. Sander Orent and Lori Long, and certified physician assistant Clint Dillard are providing service for Longmont-area employers. Arbor specializes in treatment and rehabilitation of workplace injuries, drug screenings, physical examinations and medical monitoring. Arbor also has clinics in Boulder, Broomfield and Denver. terms of the deal were not disclosed. The advanced polymer technology was developed by a team led by professor Christopher Bowman at CU-Boulder. Current dental restoration methods use lightcured polymer materials fitted by a dentist or oral surgeon. Eventually, the internal stresses built up within the material by the curing process cause it to shrink, which decreases the effectiveness and durability of the restoration. Exempla Good Samaritan Medical Center in Lafayette opened an emergency room just for seniors. The emergency department includes 10 rooms remodeled from existing space in the hospital. Hospital staff will receive special training to help them look at all health issues a senior patient may be dealing with, not just the emergency issue for seniors. It includes a “more quiet and organized” space in the hospital and nonslip floors, among other things, said Fred Yates, clinical manager of emergency and trauma services at the hospital. Annual revenue in the smart-grid industry will grow to $73 billion by 2020, according to Boulder-based Navigant Research, a division of Navigant Consulting Inc.’s global energy practice. The report said smart-grid technologies still constitute an immature market but already total $33 billion in annual revenue. A smart grid delivers electricity from suppliers to consumers using digital technology with two-way communications to control appliances to reduce energy consumption. Key drivers in the sector include the integration of renewable-energy sources in developed economies and the reduction of nontechnical losses in less-developed economies. NAME CHANGES Clean-tech market research firm Pike Research LLC in Boulder has rebranded as Navigant Research. Pike Research, founded by Clint Wheelock in 2009, was acquired in July by Chicago-based Navigant Consulting Inc. (NYSE: NCI) for an undisclosed amount July 1. The team of analysts in Boulder has expanded its research focus on other aspects of the energy industry, working together with more than 300 new consulting colleagues. Boulder-based Only Natural Pet Store LLC has raised nearly $900,000 of a planned $4 million in an equity offering, according to a recent regulatory document filed with the U.S. Securities and Exchange Commission. The online pet store in August launched its “I and love and you” brand of 55 natural pet products into 26 Whole Foods Market stores in the region. The product line includes pet food, treats, vitamins and nutritional supplements, grooming care, and flea and tick protection. The Broomfield Economic Development Corp. has changed its name to the Northwest Denver Economic Development Partnership as it works to reorganize and expand its scope. The unemployment rate in Boulder County remained steady in January, and the rate in Broomfield County dropped onetenth of a percentage point, according to the Colorado Department of Labor and Employment. The rate in Boulder County remained at 5.5 percent compared with December, and was one percentage point lower than January a year ago. In Broomfield County, the rate dropped from 6.6 percent in December to 6.5 percent in January. The rate was 7.3 percent in January a year ago. Both counties outperformed the state, which had a 7.3 percent unemployment rate, down from 7.5 percent in December. February figures for Colorado will be released March 29. BRIEFS N30 Pharmaceuticals Inc. in Boulder has administered, in a clinical trial, the first dose of a drug designed to treat cystic fibrosis. The drug, labeled N6022, was administered this week to a patient at National Jewish Health in Denver. The primary objective of the study is to evaluate the safety of repeat doses of the drug. Secondary and exploratory objectives include the evaluation of N6022’s serum levels, lung function and other markers of disease activity in cystic fibrosis. The trial is being conducted in collaboration with the Cystic Fibrosis Foundation’s Therapeutics Development Network. The lead principal investigator for the study is Dr. Scott Donaldson at The University of North Carolina-Chapel Hill. The University of Colorado-Boulder licensed technology to 3M Co. that promises to improve the performance of materials used in dental fillings and sealants, dentures and dental implants. Financial The city of Longmont’s sales- and use-tax collections increased 10.1 percent in February, compared with the same period a year ago. Longmont collected $3,935,076 in February, compared with $2,573,058 in February 2011. The collection in February represents sales made in January. The sales-tax component of collections increased by 11 percent from the same month the year before, and the use-tax component increased by 4.4 percent. City lodging-tax revenue increased 18.8 percent, with $19,327 collected in Febru- ary, compared with $16,268 collected for the same period a year ago. The University of Colorado Cancer Center has been added to the National Comprehensive Cancer Network, a notfor-profit group of 23 top cancer hospitals. NCCN clinical practice guidelines in oncology, used as the standard of care for oncology patients, are developed through a rigorous review of the evidence integrated with expert medical judgment and recommendations by multidisciplinary panels from NCCN member institutions. EARNINGS Longmont-based data-storage firm Dot Hill Systems Corp. (Nasdaq: HILL) reported a loss of $5 million for the fourth quarter and a loss of $14.9 million for the year ended Dec. 31. Dot Hill reported revenue of $44.1 million for the fourth quarter compared with $47 million for the same period a year ago, and revenue of $194.9 million for 2012, compared with $197.5 million for 2011. Louisville-based Gaiam Inc. (Nasdaq: GAIA) reported a loss of $12.9 million for 2012 despite ending the year strongly with revenue of $66.7 million and $1.6 million in income for the fourth quarter ended Dec. 31.Gaiam, a producer and marketer of lifestyle media and fitness accessories, posted revenue of $202 million for the year, an increase of 22 percent compared with $165 million in 2011. The amounts do not include Gaiam’s subsidiary Real Goods Solar Inc. (Nasdaq: RSOL). CONTRACTS UQM Technologies Inc. in Longmont signed a three-year contract to supply South-Carolina-based Proterra Inc. with electric propulsion systems to power battery-electric buses. Terms of the deal were not disclosed. The new agreement expands the volume of systems that UQM will provide Proterra for its EcoRide BE35 battery-electric buses. Shipments to Proterra under the agreement are currently under way. Intelligent Power & Energy Research Corp. selected Boulder-based Workshop8 to design the interior of its new office and research space at 4321 Mulligan Drive, Longmont. Joseph Vigil will serve has project architect and Ulla Lange will provide interior design services. Narvaes Western Construction will be the general contractor. Array BioPharma Inc. (Nasdaq: ARRY) in Boulder will collaborate with Global Blood Therapeutics Inc. in San Francisco to identify small-molecule compounds that could be used in drugs to treat chronic blood-based diseases. Terms of the deal were not disclosed. Array will screen its library of 300,000 small molecules to identify compounds of certain Global Blood targets. A target is the naturally existing cellular or molecular structure that the drug in development is meant to act on. Broomfield-based Level 3 Communications Inc. (NYSE: LVLT) is partnering with VEVO LLC, the developer of streaming media apps and a website used to deliver music videos and premium content, in the launch of VEVO TV, an always-on, TV broadcast-style music video channel that delivers 24-hour programming. Level 3 will provide the content delivery network that will be used to stream media to computers, mobile devices, televisions and gaming platforms. USA Ultimate, the nonprofit, Boulderbased national governing body for the sport of ultimate in the United States, reached a multiyear agreement with ESPN for the cable sports networks to carry the sport’s major events. Financial terms of the agreement were not disclosed. ESPN will produce and distribute live coverage of the sport’s college championships, U.S. Open and national championships on ESPN3, which can be viewed on many cable and satellite systems as well as on WatchESPN.com, the WatchESPN app for smartphones and tablets, and through Xbox Live. Boulder-based woman-owned company First RF Corp. s received a contract for up to $24.9 million over a six-year period to make and sell radio-frequency antenna systems to the U.S. military. The U.S. Air Force Research Laboratory in Rome, New York, is the contractor. The contract was made through the Small Business Innovation Research program to research, develop, test, evaluate and deploy advanced radio frequency systems. Calgary, Aberta-based Splice Software Inc. will incorporate Boulder-based Radish Systems LLC’s Choiceview technology into Splice Software’s communication services. Choiceview allows visual information to be shared during a phone call made on a smart mobile device. Financial terms of the partnership were not disclosed. MERGERS & ACQUISITIONS Boulder-based ASD Inc. was acquired by Spectris plc (LSE: SXS) for $14 million. The acquisition was completed Jan. 31. ASD becomes Spectris’ NIR Excellence Center. A contingent consideration of up to $19 million may become payable to the sellers, based on achieving growth in sales targets for the 36-month period ending Dec. 31, 2015. Deadline to submit items for Business Digest is three weeks prior to publication of each biweekly issue. Mail to Editor, Boulder County Business Report, 3180 Sterling Circle, Suite 201, Boulder, CO 80301-2338; fax to 303-440-8954; or email to news@bcbr.com with Business Digest in the subject line. Photos submitted will not be returned. PRODUCT UPDATE Louisville-based Door to Door Organics has added fresh prepared meals to its menu. The company started providing fresh prepared meals in Kansas City March 15. Other Door to Door Organics locations, based in Colorado, Illinois, Michigan (including delivery into Ohio), and Pennsylvania (including delivery into New Jersey and Delaware), will add fresh prepared meals to their offerings over the next six to 12 months. Door to Door will be carrying a rotating assortment of meals, which serve from three to four people, including four main dishes for $13.99 each, four side dishes at $11.99 each, snacks such as kale chips and hummus, $7.99-$9.99, and a dessert,$12.99 each. Boulder-based EVOL Foods is offering several new pasta bowls using chefinspired recipes and real ingredients. These new product offerings include allnatural and vegetarian Truffle Parmesan Mac & Cheese as well as a new all-natural Chipotle Chicken Mac and Cheese bowl. EVOL also introduced a new, high-protein Ziti Bolognese bowl featuring a tomato basil meat sauce with free-range Niman beef and an all natural Chicken Vegetable Pasta entree. EVOL recently expanded its burrito line to offer Plus burritos, which come with a packet of fresh guacamole, and a new line of gluten-free burritos. Boulder-based Zeal Optics launched its environmentally friendly e-llume lens for sunglasses. The lens does not contain crude oil and maintains a clarity value of 38 Abbe. E-llume lenses contain a special hard coating for scratch resistance, along with a high transmission polarized film for increased eye protection from harmful rays. Boulder-based Fate Brewing Co. released American Stout, the company’s first core beer brewed on site. Fate has four other core style beers that it will release in the next several days. March 29 - April 11, 2013 Boulder County Business Report | www.bcbr.com 19A | ON THE JOB BANKING, FINANCE Boulder-based TeQuity Capital & Communications added Andrew Merinoff, Marcy Dockery and Michael Dann to its advisory board. TeQuity invests seed capital, counsel and service for equity positions in companies. TeQuity is a joint effort of Boulder companies Metzger Associates and Tiforp Business Ventures. Key Equipment Finance in Superior, an affiliate of KeyCorp. (NYSE: KEY), named Andrew J. Falcone director, North American rail. Falcone spent 19 years at BTMU Capital Corp., the last two years as managing director, Beacon Rail Leasing Inc., and the previous eight years as managing director, North American rail. Previously, he worked for five years in sales and marketing at Gould Shawmut Inc. High Plains Bank named Chris McVay vice president/location manager in Longmont. McVay previously worked with Guaranty Bank in Boulder and Westminster and has nearly a decade of lending McVay experience including commercial, real estate and small-business loans. He is chairman of the Metro North Chamber’s Leadership Program and serves on the Safe Shelter of St. Vrain’s board of directors. McVay has a bachelor’s degree in business administration from the University of Colorado’s Leeds School of Business. BIOSCIENCE Boulder-based Array BioPharma Inc. (NASDAQ: ARRY) hired Dr. Michael N. Needle as chief medical officer. Needle, a board certified hematologist/oncologist, will oversee clinical development across Array’s pipeline, including its two wholly-owned cancer drugs, ARRY-520 for multiple myeloma and ARRY-614 for myelodysplastic syndromes, as well as collaborate with strategic partners to advance late-stage programs. Needle has more than 14 years of pharmaceutical industry experience in drug development and regulatory affairs. EDUCATION Bixby School, a private school in Boulder, hired David Stringfield as head of school effective July 1. Stringfield succeeds Pat Baker, who is retiring. Baker co-founded the private school with Harlan “Bart” Bartram in 1970. Baker served as executive director and teacher for 43 years. Stringfield has 20 years of elementary school experience, during which he taught preschool and all elementary grade levels in addition to serving as principal at the Yellowstone National Park School. Most recently, Stringfield Stringfield provided professional development and guidance to selected school principals throughout Montana in his role as a transformational leader for the state. LAW Bloomberg BNA Real Estate Law & Industry Report, a national journal, published an article by Rick Angel of Angel Law Offices, a real estate transaction law firm with offices in Boulder and Los Angeles. The article, “Five Important Issues to Con- Angel sider when Parties Negotiate a Lease Guaranty,” provides practical, bottom-line advice for both landlords and guarantors. A copy of the article can be obtained by request sent to Info@AngelLawOffices.com. REAL ESTATE Joel Ripmaster, president and managing broker with Colorado Landmark Realtors, was a speaker at the Luxury Portfolio Summit Feb. 24-26 at The Cosmopolitan of Las Vegas. Participants were luxury sales associates and marketing professionals Ripmaster affiliated with Luxury Portfolio International, the luxury face of Leading Real Estate Companies of the World, an international network of more than 500 real estate firms. More than 500 real estate agents and brokers attended the summit. Deadline to submit items for On the Job is three weeks prior to publication of each biweekly issue. Mail to Editor, Boulder County Business Report, 3180 Sterling Circle, Suite 201, Boulder, CO 80301; fax to 303-440-8954; or email to news@bcbr.com with On the Job in the subject line. Photos submitted will not be returned. CALENDAR APRIL The Boulder Chamber’s Celebration of Leadership will be held from 5:30 to 8 p.m. Thursday, April 4, at the Millennium Harvest House Hotel, 1345 28th St., Boulder. Innovative executives who shape the community will be honored. Tickets are $95 for chamber members and $135 for others. More information at 303-442-1044 or boulderchamber.com. 4 The University of Colorado Energy Club will present its fourth annual Energy Frontiers Conference from 10 a.m. to 5 p.m. Thursday, April 4, in the Glenn Miller Ballroom of the University Memorial Center on the CUBoulder campus. CU students and experts from government and industry will focus on student research and topics including energy storage and cooperation with China. David Gardiner, an expert in climate change and environmental policy, will give a keynote address at 12:30 p.m., and Michael Potts, president and chief executive of the Rocky Mountain Institute, will present a keynote speech at 1 p.m. Cost is free. The Broomfield Chamber of Commerce will present Xhibit After Hours from 4 to 8 p.m., Thursday, April 4, at the Omni Interlocken Resort, Broomfield. Booths of more than 40 Broomfield Chamber of Commerce members. The Broomfield Rotary and North Metro Fire District will be selling raffle tickets for Whitney’s Way, with the chance to win a 2013 Chevrolet Camaro and other prizes. Proceeds from the raffle will go to purchase a service dog for Whitney, a Broomfield teenager who has unpredictable seizures. Nonprofit for the event is Meals on Wheels. $10 admission includes two drink tickets, appetizers and networking. 6 The Lafayette Urban Renewal Authority is gathering citizens’ opinions on how the city’s downtown should be revitalized. The third in the series of Coffee with Urban Renewal sessions, each attended by two LURA commissioners, will be held from 10 to 11 a.m. Saturday, April 6, at Eats & Sweets, 401 S. Public Road, Lafayette. More information about the Downtown Vision is online at cityoflafayette. com/visionprogress. 11 At The Epicenter presents How to “B” Successful, The Art & Science of Building a Sustainable Company, from 5:30 to 7:30 p.m., Thursday, April 11, at Sterling-Rice Group, 1801 13th St., No. 400, Boulder. B Corp certification is a platform for companies that wish to incorporate sustainability into their business culture. B Lab, the nonprofit behind B Corp, has created tools for businesses and entrepreneurs to define goals and measure success with regard to social and environmental performance, financial accountability, and transparency. Speakers include Andrew Kassoy, co-founder of B Lab, and Jenn Vervier, director of sustainability and strategy at New Belgium Brewery in Fort Collins. 17 The Longmont Area Economic Council will present its 14th Annual Cornerstone Awards Luncheon from 11 a.m. to 1 p.m., Wednesday, April 17, at the Plaza Conference Center, 1850 Industrial Circle, Longmont. The event recognizes contributions of primary employers in the Longmont area. Networking and showcase exhibits at 11 a.m., lunch begins at 11:45 a.m., and the program is from noon to 1 p.m. Cost is $40 per person, corporate table of eight is $280. Reservations due Thursday, April 11. For more information contact Donna Miller at 303-651-0128 or laec@longmont.org. The University of Colorado School of Medicine will present a panel discussion on Alternative Practice Models in Primary Care from 2 to 4 p.m., Wednesday, April 17, at the Hensel Phelps Auditorium East, Anschutz Medical Campus, Aurora. Panelists include Dr. Erika Bliss, Qliance Medical Group of Washington PC, Dr. Clint Flanagan and Dr. David Tusek, North Vista Medical Center and co-founders of Nextera Healthcare, and Dr. Jim Kennedy, Byers Peak Family Medicine. R.S.V.P by April 12 to Linda Niebauer at linda. niegauer@ucdenver.edu or 303-724-9767. 22 The 2012 Heart of Broomfield Awards and Grants Celebration, sponsored by the Broomfield Community Foundation, Broomfield Enterprise, Kaiser Permanente and Omni Interlocken Resort, will be held from 5:30 to 7:30 p.m. Monday, April 22, at the resort, 500 Interlocken Blvd., Broomfield. Tickets are $40 per person, $30 for those 60 and older, or $1,000 for a corporate-sponsored table of 10. More information at 303-469-7208, broomfieldfoundation.org or Broomfield Community Foundation, P.O. Box 2040, Broomfield, CO 80038. If registering by mail, please include names of those attending. 24 The Boulder County Business Hall of Fame will present its class of 2013 at an awards luncheon Wednesday, April 24, at the Plaza Conference Center, 1850 Industrial Circle, Longmont. The Hall of Fame honors individuals who have been instrumental, through business-related efforts, in providing direction, energy and support to the shaping of Boulder County. Tickets are $55 each and can be purchased online at www.halloffamebiz.com. To become a sponsor of the 2013 Boulder County Business Hall of Fame program, contact Chris Wood at 303-630-1942, email cwood@bcbr.com, or Kevin Loewen at 303630-1945, email kloewen@bcbr.com. 29 Slow Money, a Boulder-based nonprofit investment group that focuses on food companies, will host its fourth Slow Money National Gathering in April in Boulder. The event is scheduled for Monday and Tuesday, April 29-30, and will be held at four venues: The Boulder Theater, 2032 14th St.; the Event Center at Rembrandt Yard, 1301 Spruce St.; eTown Hall, 1531 Spruce St.; and the Hotel Boulderado, 2115 13th St. The event will feature guest speakers, a session for entrepreneurs to make pitches for funding, information on how to integrate elements of microlending, philanthropy and crowdsourcing, and an Entrepreneur of the Year award ceremony. Registration fees for the two-day vary from $445 to $945. Investment professionals, foundation officers and consultants pay $945; high-net worth angel investors and accredited investors pay $800; individual investors, food activists and others pay $445. For more information or to register visit online at www.slowmoney.org. Deadline for Calendar items is three weeks prior to publication. The weekly events calendar alternates with the monthly events calendars; each appears once every other issue. Mail Calendar items to Calendar, Boulder County Business Report, 3180 Sterling Circle, Suite 201, Boulder, CO 80301-2338 or news@bcbr.com with Calendar as subject. NONPROFIT NETWORK GRANTS The Coalition to Salute America’s Heroes, based in Leesburg, Virginia, which is dedicated to rebuilding the lives of severely wounded veterans of the War on Terror, presented a $10,000 grant to the Louisville-based Rocky Mountain Hyperbaric Association for Brain Injuries. The grant will fund psychological counseling to veterans suffering from traumatic brain injury and post-traumatic stress disorder. Via, a nonprofit organization in Boulder that provides transportation and mobility options in Boulder County, has received grants totaling $154,000. The funds will be used to provide accessible transportation, travel training, and information and referral for individuals unable to drive. The funds were awarded by Rose Community Foundation, $110,000; Longmont United Hospital, $30,000; Exempla Good Samaritan Medical Center, $10,000; Collins Foundation Trust, $2,000; and the Community Foundation Serving Boulder County, $2,000. The Power of 3 $1 HEALTH INSURANCE CONSTRUCTION Manager provides insights on health-benefit exchange 3A Volume 32 Downtown Boulder project facing planning challenges 11A Issue 4 | Feb. 15-21, 2013 Visa for Startup Another shot category Senate sponsors hope new BY MICHAEL DAVIDSON mmdavidson@bcbr.com bill that WASHINGTON — The entreprewould make it easier for to start neurs from foreign countries States and companies in the United is back, eventually become citizens to rally and its sponsors are looking local support. was introThe Startup Visa Act $1 can attract foreign entrepreneurs least companies, received at formed Mark Udall, and created duced Feb. 6 by Sens. $100,000 from investors R-Ariz. The $500,000 D-Colo., and Jeff Flake, at least five jobs or raised a new catlegislation would create in revenue within two years. the ReportUdall and Flake said egory of visas to allow entrepreneurs Both Colorado Business Northern to work by making who are foreign-nationals bill would create jobs if they have in the United States Report Colorado Business Act attractive to the United States more foreign entrepreneurs. MULLING A MERGER States has a proud COMPANY “The United HOT Laramie economic groups creating opportunity for of Engineering history Rooney $1theboth need new CEOs from around entrepreneurs celebrates 14 years a home to world by giving them 5 3 and create jobs,” Udall innovate 2013 why | March Issue 13“That’s 13 release. in a press Volume said to pass I have fought in Congress legislation the Startup Visas Act — 17A n Hole’ Entrepreneurs shaping ‘Jacksilico Northern BRAVO! ENTREPRENEUR Profiles of this year’s winners SECTION B ➤ See Startup, other forOther members include mer CEOs, communications/mar-a a filmmaker, | March 8-21, 2013 keting professionals, Volume 18 Issue 13and former Wall Street professional professiontechnology and Internet CEOs the group Its members include past als. The mix seems to serve national sucfor are. entry requirement brands that have gained The main providers telecom instance. privatewell. thatforthese be a desire Brian Cousins, Takecustomers cess. same board members seems to Cloudveil, now. competing for the very tech comThey’re they’re at co-founder was the Gardner,ofR-YUMA HeRep. Corey Couto build up the startup and maker The group’s name, Silicon and a then-Jackson-based apparel munity in Jackson. the West the summer do someloir evokes technology, which got bought out in “Anyone that wants to a little bit company of extreme risks, channeling afterwards,” of 2004 by the parent thing, meet me in the bar little bit of Jackson to said at an of Silicon Valley and a Fila and only recently left gnarly organizer Chris Hessler as part of Corbet’s Couloir – a famously ➤ See Investing, 28 focus on different markets Mountain ski run at Jackson Hole another buyout. Resort – to frame their brand. new Liefbusiness One Jackson-based University turns 2013 R O C K Y M O U N TA I N accel- Extreme entrepreneurs orgaan Now, Silicon Couloir is Naropa this from experience. volunteers seeking to as sixth president erator knows founder ushers in new erahas gone nized group ofinto Silicon Valley East. T E C H Angel investing, Early student of school’s Since its inception, the group make Jackson of unique networking characterize group a e r o s pa c e agribusiness bioscience clean tech energy BY MARK WILCOX mwilcox@wyoming.com GIS m a n u fa c t u r i n g y nanotechnolog c n at u r a l / o r g a n i outdoors robotics o video/film/audi will say JACKSON – Any expert straight line no startup marches a established to success. There are no applicable. and manufacturing sectors rules that are universally In-depth guide to high-tech No formulas. published by: Rocky Mountain Tech resource for businesses Woodward move will Waste alleged in program to provide up space Internet access to rural Colorado Not the on market through a name change/rebranding, and plenty expansion, focus shifts to the point of networking in getting Report Northern Colorado Business Equality State yet Business Report Northern Colorado BY MOLLY ARMBRISTER marmbrister@ncbr.com by Rocky Mountain Tech, published of Inc. into company A move by Woodward BizWest Media LLC, parent vacating Report and new headquarters will mean the Boulder County Business of mostly Report, up to 337,000 square feet the Northern Colorado Business anyone Fort Collins for light industrial space in serves as an excellent resource changing tech and Loveland. interested in the rapidly of that Larimer Just what to do with all sector of Boulder, Broomfield, on 76 acres space — nine buildings and Weld counties. of tech cities, ecoThis publication lists thousands those — is a question that the in and manufacturing companies nomic development organizations, focusing on real estate counties, along with articles neighborhood groups and technology a tenants the sub-industries that make brokers and their prospective economy. driver of the Front Range ➤ See Woodward, 22A mailed Feb. MICHAEL MYERS The publication will be MARK WILCOX the two newsand video poetry readings 15 to paid subscribers of Feb. 16 with music, in the direcon the road near sixth president pauses BY BILL MCCARTHY papers and companies listed as Naropa University’s entrance to the Allen Ginsberg largest winter vehicles, park’s outside the the here will be inaugurated oneisofseen purchase Rocky sitting in a swingalong Charles G.ALief into a snowcoach,Lief the road are not uncomnews@wyoming.com tory. Nonsubscribers can BUS – bus converted Buddhist teacher. THE passes it by. Such stops and shippingMISSED to mind. remarks from a renowned Park as a snowmobiler 5A. Mountain Tech for $30 plus traffic in winter, no one seems in Yellowstone National in Boulder. See story, Geyser buy orArtemisia Wyoming the comparatively minor Library at the university Nearly 80 percent of handling by calling 303-440-4950 and snowcoach tour, and with State bcbr.common during a Yellowstone women believe the Equality disthe directory only by visiting Store. reduce clicking on the BCBR Data CONTENTS should bolster policies to For the Record ..............................20A in the Awards ..........................................22A crimination against women Nonprofit Network.........................23A Broomfield Counties ...................................10A & Notes Bank Boulder ....................................23A Job Serving On the workplace. Journal BCBRdaily.......................................2A Boulder County’s Business Product Update.............................23AAccording to the 2012 Wyoming Most Wyo women support stronger anti-discrimination options Yellowstone winter plan opens winter economies pass could revive Private groups, openlandscape may open to private par- BY MARK WILCOX mwilcox@wyoming.com winter With a new permanent approved plan on the verge of being winter this spring, Yellowstone’s 76.9 perBusiness Digest ............................22A Publisher’s Notebook ....................26A Women’s Issues Survey, be permasoon Calendar........................................21A ....................................24A may Estate believe Wyoming Real winter access cent of respondents COURTESY OF EAGLE-NET comes as Discoveries......................................8A resolved. .................................19A this Smarts government Sales But nently should “create stronger again after been Editorial .........................................26A ties of snowmobilers would reduce across the state. news to some who have good policies or statutes that of miles of fiber-optic line temporary rules Eye any and..................................................3A years of debate crews have laid down thousands affected by the rules requiringpark EAGLE-Net workplace gender discrimination.” the Council, banishing them. party to enter LISTS Propertysnowmobile Residential The Wyoming Business communities 14 All of the gateway See Snowmobile, Firms .......................12A Engineering Firms .........................14A ➤Management ➤ See Women, 21 relief that are breathing a sigh of on the Republican lawmakers to compete against comEnergy and payer dollars CONTENTS House Committee on high-speed quesBY STEVE LYNN panies that already sell Commerce, including Gardner, Regional Focus areas. in ruralReal broadband Commercial tioned officials about EAGLE-Net very the Southwest.............................23 hearing in Estatecompeting for “They’re earlier this month in a ....................20 .......7 private that these A $100.6 Retail and restaurants Inc. wider $7.2 Energy the same customers Alliance Washington, D.C., on ...........................31 Business Solutions..........4 Letters awarded to EAGLE-Net providers are,” Rep. Cory stimulus program. .................30 telecom broadband Commentary stimulus billion Hospitality & Tourism the Business Online Poll .....................30 as part of the economic R-Yuma, ................9 Gardner, No. 1 told Daily in Review ................2➤ See EAGLE-Net, 2A who Amangani has drawn fire from lawmakers taxReport. LISTS question whether it is wasting Energy Building fiber networks where they already exist Wyoming Serving slynn@ncbr.com for breaking news Visit wyomingbusinessreport.com million federal grant Oil and gas awards .........17 Serving Northern Colorado news Visit ncbr.com for breaking Project on the Poudre draws fire BY MOLLY ARMBRISTER marmbrister@ncbr.com develFORT COLLINS — The building oper of a proposed office overlook and restaurant that would for the the Poudre River is bracing from appeal possibility of a formal environmentalists. One, The project, called Block faces an important administrative clears that hearing March 12. If it Council hurdle, it then needs City ➤ See Block One, 19A Firms ................................................12 Advertising & Public Relations CONTENTS Guest Opinion ............. 30A Busiest Airports ...................................................................................13 Briefcase ..................... 15A Newsmaker Q&A ......... 11A Calendar...................... 15A Real estate On The Job ................. 17A Careers........................ 13A Assessing Stoner & Online Poll ................... 30A 6A Daily in Review .............. Co.’s odds of pulling off Selling ......................... 11A For The Record ... 23A-29A 7A Nine Bridges. Technology .................... .................................. 4A Editor’s Notebook ....... 30A 3A The Eye ......................... Geek Chic ................... 12A Technology Monfort Entrepreneurial List Challenge features a Bioscience Companies .....................................................8A handful of tech firms ... 5A 20A | March 29 - April 11, 2013 BOULDER VALLEY REAL ESTATE WATCH BOULDER COUNTY BUSINESS REPORT WWW.BCBR.COM EXISTING HOME SALES February 2013 Statistics Location Total# Sold Inventory Avg. Sales Price Avg. Days to Contract Boulder Broomfield Erie Lafayette Longmont Louisville Superior Mountains Plains Total 43 15 18 18 69 9 3 16 23 214 207 85 102 57 242 38 15 189 206 1,141 $705,531 $292,420 $374,672 $447,583 $283,389 $447,611 $414,633 $420,202 $682,515 69 63 66 93 51 62 96 143 78 Year-to-Year Comparison Median Sales Price $654,500 $263,000 $370,000 $412,046 $243,250 $390,000 $459,900 $352,500 $448,500 Total # Sold Location 02/01/11 - 02/01/12 01/31/11 01/31/13 Boulder 625 Broomfield 358 Erie 242 Lafayette 252 Longmont 839 Louisville 209 Superior 104 Mountains 256 Plains 295 Total 3,180 786 378 336 305 1024 237 168 287 412 3,933 Average Sales Price %chg 25.8 5.6 38.8 21.0 22.1 13.4 61.5 12.1 39.7 02/01/11 01/31/11 02/01/12 01/31/13 %chg Average Days to Contract Location 02/01/11 02/01/12 %chg 01/31/11 01/31/13 Median Sales Price 02/01/11 02/01/12 01/31/11 01/31/13 %chg $663,282 $356,378 $326,358 $372,614 $246,517 $413,754 $429,240 $399,339 $627,928 $668,775 $361,684 $352,458 $382,602 $259,902 $430,124 $427,675 $417,409 $632,248 0.8 1.5 8.0 2.7 5.4 4.0 (0.4) 4.5 0.7 Boulder Broomfield Erie Lafayette Longmont Louisville Superior Mountains Plains $550,000 $328,900 $305,000 $320,540 $222,900 $380,000 $379,000 $316,000 $460,000 3.6 (2.6) 8.2 10.8 6.1 3.7 8.2 9.8 5.4 88 83 79 86 73 62 62 121 112 75 65 71 58 60 58 43 128 84 (14.8) (21.7) (10.1) (32.6) (17.8) (6.5) (30.6) 5.8 (25.0) $570,000 $320,500 $330,000 $355,000 $236,500 $394,000 $410,000 $347,000 $485,000 EXISTING CONDO SALES February 2013 Statistics Location Boulder Broomfield Erie Lafayette Longmont Louisville Superior Mountains Plains Total Total# Sold 37 2 2 5 19 2 1 0 5 73 Inventory 214 36 9 22 57 8 6 2 14 368 Avg. Sales Price Avg. Days to Contract $346,476 $239,000 $212,750 $214,700 $168,732 $285,512 $227,000 0 $188,100 84 5 74 98 79 28 35 0 57 Year-to-Year Comparison Median Sales Price $305,000 $239,000 $212,750 $217,500 $164,000 $285,512 $227,000 0 $137,500 Total # Sold Location 02/01/11 02/01/12 01/31/11 01/31/13 Boulder 552 Broomfield 75 Erie 28 Lafayette 95 Longmont 155 Louisville 35 Superior 19 Mountains 2 Plains 74 Total 1,035 656 80 31 97 231 46 30 2 99 1,272 Average Sales Price %chg 18.8 6.7 10.7 2.1 49.0 31.4 57.9 0.0 33.8 02/01/11 01/31/11 02/01/12 01/31/13 %chg Average Days to Contract Location 02/01/11 02/01/12 %chg 01/31/11 01/31/13 Median Sales Price 02/01/11 02/01/12 01/31/11 01/31/13 %chg $302,794 $216,059 $175,417 $189,461 $179,193 $195,239 $217,935 $178,450 $208,264 $306,515 $225,476 $186,048 $196,270 $178,671 $225,643 $203,233 $337,500 $193,605 1.2 4.4 6.1 3.6 (0.3) 15.6 (6.7) 89.1 (7.0) Boulder Broomfield Erie Lafayette Longmont Louisville Superior Mountains Plains $240,000 $202,500 $127,000 $190,000 $165,000 $182,500 $216,000 $178,450 $184,500 8.3 9.9 18.9 3.2 (0.6) 10.4 (16.2) 89.1 (10.6) 156 152 110 86 106 72 67 98 119 92 101 68 64 69 63 40 101 72 (41.0) (33.6) (38.2) (25.6) (34.9) (12.5) (40.3) 3.1 (39.5) $259,950 $222,450 $151,000 $196,000 $164,000 $201,500 $181,000 $337,500 $165,000 For more information contact: Kenneth Hotard 303.442.3585 • khotard@barastaff.com Datasource: IRES-Information Real Estate Services Louisville firm plans senior-living complex BY BUSINESS REPORT STAFF news@bcbr.com LOUISVILLE — Balfour Senior Living, a Louisville-based owner/ operator of senior-living rental communities, announced it will build a $74 million senior-living community in Denver. Balfour at Riverfront Park will be located at 15th and Little Raven streets, near Union Station and across from Commons Park. “Colorado has a new generation of seniors who want to enjoy downtown Denver’s dynamic urban lifestyle,” said Michael Schonbrun, chief executive and founder of Balfour Senior Living. “Until now, seniors have had few options for upscale downtown living and few anywhere in the state will offer what Balfour at Riverfront Park will provide: an urban lifestyle in a parklike setting where residents have easy access to the city’s leading restaurants, cultural events, entertainment and sports venues.” T he project originally was designed by Robert Stern, an internationally acclaimed architect based in New York City, and later revised by klipp Architects of Denver, the architect of record. The site is adjacent to the Moffat Train Depot, a landmark historic building that will be incorporated into the project. Upon renovation, COURTESY BALFOUR SENIOR LIVING Balfour Senior Living, a Louisville-based owner/operator of senior-living rental communities, announced it will build a $74 million senior-living community in Denver. Balfour at Riverfront Park will be located at 15th and Little Raven streets, near Union Station and across from Commons Park. the 1,200-square-foot depot will serve as the Great Room for the 275,000-square foot, five-story community. The project will feature: • 112 independent-living rental apartment homes, ranging in size from 600 square feet to 1,600 square feet, with one- and twobedroom units available. • 65 assisted-living apartment homes with specially designed dining and outdoor areas. • A 27 memory-care apartment home community. • Condo-style finishes in all the independent-living apartments with full kitchens, high-end appliances and bathroom fittings, large windows and walk-in closets, many with outdoor terraces, balconies ➤ See Real Estate, 21A March 29 - April 11, 2013 Boulder County Business Report | www.bcbr.com REAL ESTATE | 21A from 20A and fireplaces. • European-style central piazza with gardens. • Three dining rooms, each with a unique dining experience. Also included will be a bistro/pub, rooftop bar and art studio and several private dining rooms. Costs to live at Balfour at Riverfront Park have not yet been established. BOULDER VACANT BUILDING SOLD: A vacant three-story building in downtown Boulder that had been home to a medical-marijuana dispensary has been purchased for $3 million by a local investor. T he top f loor of the 11,950 -square-foot building at 1327 Spruce St. had housed Top Shelf Alternatives LLC, a medical-marijuana dispensary, and the first two floors had been used for storage. It was owned by Michelle Sue Tucker of Denver, who had purchased the building for $3.5 million in 2006. The shop had won Best of Boulder recognition in the Colorado Daily in 2010, but the company was voluntarily dissolved Feb. 25 after a series of court battles with the city. Angela Topel of Gibbons-White Inc. represented the seller, MTLB LLC, owned by Tucker. Todd Walsh of The Colorado Group Inc. represented the buyer, 1327 Spruce St. LLC. Walsh would not disclose who the principals are of 1327 Spruce St. LLC. Space is available for lease in the building, Walsh said. The sale closed March 8. “The building is in good condition and 100 percent vacant at present,” Walsh said. “It’s an excellent location for expanding government needs and for companies desiring prime downtown real estate.” The first floor could be used for a restaurant or coffee shop, according to the listing on The Colorado Group’s website. FORECLOSURE RATE DIPS: Boulder County had the lowest rate of foreclosure sales per household in Colorado during February, according to a report released Wednesday by the Colorado Division of Housing. Boulder County had 19 foreclosure sales, or one for every 6,283 households, the report said. Broomfield County had the second-lowest rate of foreclosure sales in February: four sales, or one for every 5,490 households. Mesa County had the highest rate of foreclosure sales during February with one for every 1,022 households per foreclosure sale. Foreclosure filings in Colorado’s metropolitan counties were down 43.6 percent during February, falling year over year to the lowest level recorded in any month since the Division of Housing began col- Roosevelt Park Apartments Housing project going up in downtown Longmont DOUG STORUM Construction is under way on the Roosevelt Park Apartments at 600 Longs Peak Ave., between Main and Coffman streets in downtown Longmont. It is across the street from Roosevelt Park and the Roosevelt office building, which has a statue of President Theodore Roosevelt on the corner. Longmont-based Burden Inc. is leading the project. Shears, Adkins and Rockmore of Denver is the architect, and JHL Constructors of Centennial is the general contractor. FOR THE FIRST TWO MONTHS OF THE YEAR COMBINED, from January through February, foreclosure filings were down 34.5 percent in 2013 when compared with the same period last year. Foreclosure auction sales were down 31 percent over the same period. lecting monthly totals in 2007. Foreclosure auction sales in Colorado’s metropolitan counties were down 41.9 percent in February compared with February last year, falling from 1,248 to 725. Over the same period, foreclosure filings dropped from 2,056 to 1,160. For the first two months of the year combined, from January through February, foreclosure filings were down 34.5 percent in 2013 when compared with the same period last year. Foreclosure auction sales were down 31 percent over the same period. Foreclosure filings are the initial filing that begins the foreclosure process, and foreclosure auction sales totals are the number of foreclosures that have been sold at auction at the end of the foreclosure process. “There are few ways to describe this other than as a big drop-off in foreclosure filings,” said Ryan McMaken, an economist for the Colorado Division of Housing. “It’s getting easier to sell a house to get out of trouble. Low mortgage rates and low inventory continue to be big factors.” The full report is available on the Division of Housing blog: http:// www.divisionofhousing.com/. LONGMONT YEAGER FARM: A homebuilder has purchased the remaining 45 undeveloped lots in the Yeager Farm subdivision in Longmont. Henry Walker Homes, headquartered in Salt Lake City with an office in Westminster, will open a sales trailer this weekend in the subdivision, located west of Francis Street on 15th Avenue. According to Tom Zieske, division president, the company will build a display home and two more on speculation. It has three more homes under contract to be built, Zieske said, plus reservations for four other lots and plans for more awaiting city approval. Financial terms of the purchase were not available at presstime. Harold Yeager and his brothers bought the farm in 1942. It was purchased by Leo Simons and John McCarty for development in 1977, but remained an undeveloped tract surrounded by existing northwest Longmont neighborhoods until 2006, when Markel Homes started developing it despite some Longmont residents’ insistence that it be preserved as an island of open space. Infill was slow as economic recession hit, however, and today the development between 14th and 16th avenues still consists of a mixture of existing homes and vacant lots. “When I first saw this, I was like, ‘Are you kidding me? This is a hidden gem,’ “Zieske said. “This is quintessential infill.” Lot sizes will vary between 7,000 and 12,000 square feet, Zieske said, and two models of one- to two-story houses – the “Collegian” and the “Metro” – are planned. A “Collegian” in Yeager Farm would range from 1,200 to 2,400 finished square feet and sell for around $300,000, Zieske said, while a “Metro” could hold 1,500 to 3,200 square feet and sell starting at about $350,000. The homebuilder already was active in Firestone and Dacono. Its portfolio in Colorado and Utah includes more than 2,500 lots. 22A | March 29 - April 11, 2013 OPINION BOULDER COUNTY BUSINESS REPORT WWW.BCBR.COM Hey Congress, hold real vote on device tax I t’s time for real action, not a symbolic vote. On one hand, we applaud the 79 U.S. senators who voted March 21 in support of repealing a 2.3 percent tax on sale of medical devices. But can we have a vote on actually repealing the measure? The tax was implemented as part of the Patient Protection and Affordable Care Act but has been controversial because of the heavy burden it places on an industry that should be focused on innovation, not taxation. The Medical Device Manufacturers Association estimates that the tax already has cost medical-device manufacturers — including some in the Boulder Valley — $388 million since its implementation Jan. 1, with estimates that the cost could reach $30 billion over a decade, threatening 43,000 jobs. EDITORIAL Pressure has been building to repeal the tax, resulting in a nonbinding 79-20 Senate vote to do so. (Colorado Sens. Mark Udall and Michael Bennet voted in support of repeal.) The key word there is “nonbinding.” The measure essentially allowed senators to express their support for repeal, without actually doing so. Still, some opponents of the tax were encouraged. “… (O)verwhelming support of the amendment shows that clear majorities in the Senate and the House of Representatives recognize that the medical device tax needs to be repealed so that America’s medical technology community can spur growth and create the great jobs that come along with it,” Mark Leahey, president and chief executive of MDMA, said in a statement. OK, but given that the support is there, let’s see a vote that actually matters. Congress should find a way to repeal this onerous tax before it tosses the medical-device industry into a tailspin. After all, symbolism is most effective when followed by action. Area downtowns set scene Business hubs draw young professionals, creative workforce P etula Clark was right. Forbes magazine this week touted Denver and 14 other cities for their emerging downtowns, with workers drawn by urban neighborhoods, entertainment and shopping options. The piece, “Downtowns: What’s Behind America’s Most Surprising Real Estate Boom,” quoted Lee Fisher, president of CEOs for Cities, as saying that “The cities that capture the mobile, college-educated ‘young and restless’ are the ones who are most likely to revitalize their downtowns and accelerate economic progress in their cities.” Sound familiar? Downtown Denver’s transformation has been dramatic, and impressive. But it’s also a model that is in prime display in Boulder, where young entrepreneurs and professionals congregate for entertainment, work and, increasingly, living. But back to Denver: I covered real estate at the Denver Business Journal beginning in 1990. I remember the demolition of the viaducts that formerly spanned the Central Platte Valley, and I recall watching as their removal opened up block after block BOULDER COUNTY BUSINESS REPORT 3180 Sterling Circle, Suite 201, Boulder, Colo. 80301-2338, is published biweekly by BizWest Media LLC a Colorado corporation, in Boulder, Colo. VOLUME 32, ISSUE 8 To advertise or subscribe: 303-440-4950 Fax: 303-440-8954 Online edition: www.BCBR.com The entire contents of this newspaper are copyrighted by BizWest Media with all rights reserved. Reproduction or use, without permission, of editorial or graphic content in any manner is prohibited. of historic warehouses in Lower Downtown. Loft projects and retail developments accelerated with the eventual construction of Coors Field at 20th and Blake streets. But, not having worked in Denver since 1995, even I am amazed when I travel downtown and see its continued transformation. What began in LoDo is now felt throughout downtown Denver: “Take Denver,” the PUBLISHER'S Forbes article NOTEBOOK states. “Civic and Christopher Wood business leaders began work on the city’s Lower Downtown neighborhood in 1989 with the issuance of $240 million in bonds. Today LoDo is a trendy ‘hood of over 100 restored Victorian warehouses and buildings filled with art galleries, boutiques, local eateries and nightclubs. Now, Denver is in the midst of a 20-year, seven-mega project plan to expand the revitalization efforts through the rest of the downtown district.” Not every city, obviously, has seen the success that Boulder and Denver have demonstrated, but the Boulder Valley and Northern Colorado have some great examples. • Louisville and Lafayette have seen a mix of redevelopment and new projects that have helped fill in the fabric of the downtown experience. • Longmont is working on some ambitious plans for continued renewal of the downtown core, contributing to a fun and vibrant office, retail and residential area. • Loveland has seen some largescale public/private ventures, with both redevelopment of existing properties and new construction. • Fort Collins ranks as a huge success story, with retail, restaurants, offices and nightlife. The city now is exploring options for a new hotel, and Woodward, a high-tech manufacturer, is considering an area adjacent to downtown for a new headquarters. • Greeley, which has struggled to build a vibrant downtown, is seeing some major successes, with new restaurants such as the Greeley Chophouse breathing new life into an area that has struggled. Downtowns work, but only with effort. Denver’s transformation, like that of Boulder before it, resulted from planning, creativity, hard work and investment — none of which can ever stop. Christopher Wood can be reached at 303-440-4950 or via email at cwood@bcbr.com. CIRCULATION MANAGER PUBLISHER WEB DIRECTOR Dennis Mohr......................dmohr@bcbr.com Janet Hatfield ...................jhatfield@bcbr.com EDITOR WEB DESIGNER OFFICE MANAGER COPY EDITOR SALES DIRECTOR CARTOONIST WRITER MARKETING MANAGER CONTRIBUTING PHOTOGRAPHERS ACCOUNT EXECUTIVES CONTRIBUTING WRITERS Christopher Wood ................ cwood@bcbr.com Doug Storum ..................... dstorum@bcbr.com Dallas Heltzell.................... dheltzell@bcbr.com Beth Potter ...........................bpotter@bcbr.com RESEARCH DIRECTOR Mariah Gant ....................research@bcbr.com PRODUCTION DIRECTOR Dave Thompson ..........dthompson@bcbr.com Denise Schwartz...............dschwartz@bcbr.com Kevin Loewen ................. kloewen@bcbr.com De Dahlgren ....................ddahlgren@bcbr.com Storm Hostetter............... shostetter@bcbr.com Dave Thomas ................... dthomas@bcbr.com Lauren O’Brien ...................lobrien@bcbr.com Tiffanie Moore ..................frontdesk@ncbr.com Ron Ruelle Jonathan Castner, Peter Wayne Valerie Gleaton, Elizabeth Gold, Heather McWilliams, Clayton Moore, Jeff Thomas, Michelle Venus March 29 - April 11, 2013 Boulder County Business Report | www.bcbr.com REALITIES BARON from 7A The charity can not only donate to bonafide, vetted youth-services agencies in Boulder County but also “can help kids when they can’t,” Schulz said — whether that means doing the work itself to locate foster and kinship care, coming up with emergency funding for an agency or individual, or providing fun experiences for troubled youths. “Nobody has the budget for that kind of thing,” he said. Realities for Children’s office in the Plaza at Hilltop, 3970 Broadway, Suite 201E, has just two paid staffers, Schulz and program manager Kat Stefanski, but scores of volunteers. In its first year, the organization amassed an operating budget of $100,000 for the business arm and $25,000 for the charitable arm, Schulz said, “and we didn’t even have a fundraiser.” The goal for the 501 (c) 3 arm this year is $50,000, he said. “We don’t fund raise in real time,” he said. “The money we raised last year, we’ll use this year — except for the in-kind donations we received, such as household supplies or sports tickets. We’ve sent lots of kids to CU athletics or to see the Boulder Ballet do ‘The Nutcracker,’ for instance.” Businesses are offered tiered memberships with monthly dues of $75, $150 or $300 — less if paid in advance for the full year. In return, Schulz said, they get website links, networking opportunities, “and we honor them for doing extra things.” More details on membership and events are on the organization’s newly refurbished website, rfcbcc.org. “Our job is to promote business in Boulder County to consumers at large,” he said. “Boulder County has a very ethical consumer base.” The organization also serves as a “clearinghouse for professionals,” Schulz said. “We get to have a presence at fundraising events held by our affiliate agencies, and they agree to include our businesses in their bidding process.” Member businesses also can get visibility at Realities’ annual Hero Awards Luncheon, to be held at 11 a.m. Thursday, April 25, at the Millennium Harvest House hotel, 1345 28th St., Boulder. The event — which Schulz took over last year from Sage Community Partnership, another youth-services nonprofit he headed — will recognize three young people who have overcome obstacles. Two of them will receive scholarships. The younger one will get a bicycle, Schulz said. A big part of Realities for Children’s outreach this year will be to businesses and business organizations in Louisville, Lafayette and Longmont, Schulz said. “We want it to be inclusive, because actually the bulk of kids that need the services are there.” Because no Longmont businesses were members yet, Realities held a ribbon cutting earlier this month at the Longmont Area Chamber of Commerce to promote itself. | 23A from 3A “There are lots of regulations in the wine business — who you can sell to and how,” he said. “You have to sell wines through a distributor, but with the oils it’s been possible to explore different ways of reaching out directly to consumers.” Regulations for the wine side of the business don’t permit him to warehouse any of the wines in Colorado and, as an importer, he’s not allowed to hold a wholesale license. Giuliani Direct Olive Oil, however, can utilize the options of being both an importer and a distributor and maintain inventory. In March the company launched its e-commerce website, www.goliveoil.com, where buyers purchase the latest crop of olive oil available or pre-purchase the upcoming crop. In addition to direct sales through the website, wholesale orders are available and placed by chefs and finer food shops, according to Lewis. Giuliani Direct Olive Oil maintains a 3,000-square-foot warehouse space in Denver where inventory is kept, and oils that are received from producers in the Mediterranean are packaged for quantity sales. Lewis’ brother, Brian, the company’s sole employee, handles logistics of delivery and distribution. “Most of the bottles are 500 milliliters because it allows a person to use the oil in 30 to 60 days,” Lewis said, describing the timeframe as optimum Induction Luncheon April 24 for fresh olive oil taste. Larger quantities of wholesale orders are used up within similar periods. “The Med, for example, buys 220-liter barrels,” he said. “The most tricky thing is for us to run out of oil as soon as the new vintage arrives because it will last in the bottles for 12 to 18 months.” Warehouse inventory for the 2012 harvest amounted to 500 cases, which arrived in February. Three hundred of those cases presold before any of them arrived. “Olive oils in grocery stores have no reference to their harvest date, but ours are vintage dated,” Lewis said, “and we only sell current-vintage oil.” Each case is the equivalent of about 12 500-milliliter bottles, which sell for $15 to $25 each. Lewis expects another 500 cases of the latest vintage to arrive in April. “We want to sell out in October or November to get the new vintage out as soon as it gets here.” The goal is to sell 1,000 to 1,500 cases this year. Three-year projections are to sell 10,000 to 15,000 cases. Lewis self-funded Giuliani Direct Olive Oil with $22,000 to cover the first 500 cases of oil and to build the e-commerce website. “It was easy and not a lot of investment because I’ve been importing wines for about 20 years,” he said. “Adding a bottle of oil here and there made importing affordable.” Induction Luncheon April 24, 2013 11:30 a.m. -1:30 p.m. Plaza Conference Center 1850 Industrial Circle, Longmont, CO 80501 1A 1A siness unty Bu ulder Co nual Bo 20th An L HALM E of FA f Class o 2 10, 201 - May April 27 ION B SECT 2012 1B - HOF The Boulder County Business Hall of Fame recognizes outstanding business leaders from the present and past. Inductees honored have been instrumental, through business-related efforts, in providing direction, energy and support to the shaping of Boulder County since its inception. Presenting Sponsor The Boulder County Business Hall of Fame is a nonprofit corporation, with all proceeds supporting the Hall of Fame and its programs. Every year, the Hall of Fame donates scholarships to deserving students at the University of Colorado Leeds School of Business. In 2012, four scholarships totaling $10,000 were presented. Gold Sponsor B. Scot Charles Gene “Chuck” Caranci 17th Annual Boulder County Business ´´´´ HALL of FAME ce Eric Walla Nathan Diane pson Thom Stow 1 Hall of Fame Silver Sponsors Class of 2009 Top row: Jeff Schott, Jerry Lewis and Richard Herring. Second row: Lou DellaCava, Jay Elowsky, William Boettcher. Third row: Jerry Lee. nty Boulder Cou ´´ Business ´´ of A ME H ALL F 16th Annual Bronze Sponsors Boulder Community Hospital Cain Travel Exempla Good Samaritan Medical Center Foundation FirstMain Street Insurance High Plains Bank Horizon Organic Dairy Kirkland & Company LJD Enterprises Longmont Power & Communications Prudential Realtors - Ed, Jan & Keith Kanemoto Tebo Development Company Copper Sponsors Ahlberg Funeral Chapel BC Services Boulder Chamber of Commerce Smith Sisk Kottke & Brantz LLC Longmont Area Chamber of Commerce Longmont United Hospital Sun Construction & Design The Campus at Longmont The Colorado Group Contact Chris Wood at 303-630-1942 or cwood@bcbr.com for sponsorship information. May 1 - 14, 2009 SECTION B 100 C 50 M 100 K 8 t. of 200and David Wyat ClassJoan Brett , Platts Top row: Harlow C. D. Behrendt. Peter Second row: ermaker, . 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