DENVER
Continuum Partners
plans upscale homes
Continuum Partners on Wed nesday confirmed it has purchased nearly 12 acres of land at South University Boulevard and East Hampden Avenue in Englewood for a luxury residential development, Kent Place. The site was occupied until mid-2005 by Denver Seminary.Demolition of existing structures will begin next spring, said Continuum. Prices are to range from $500,000 to $2.5 million.
CENTENNIAL
Dillard’s to close
at Southglenn Mall
Little Rock, Ark.-based Dillard’s Inc. will close its Southglenn Mall store at the end of February. Dillard’s spokeswoman Julie Bull attributed the planned closure to the company’s effort to reposition itself in Denver, where it is building new stores at the Town Center at Aurora and Southwest Plaza mall in Jefferson County. Some 125 employees at the Southglenn Mall store will be offered positions at the company’s other metro area stores.
DENVER
Xcel CEO named
chairman of board
Xcel Energy said Wednesday that chief executive Richard Kelly has been named the company’s chairman of the board. He replaces Wayne H. Brunetti, who retires as chairman this month. Kelly, who began at the company as a meter reader in college, became president and chief operating officer of Xcel in October 2003 and was elected CEO in June.
DENVER
Newspaper agency
to add shopping site
The Denver Newspaper Agency, publisher of The Denver Post and Rocky Mountain News, announced Wednesday it has hired Travidia Inc.,based in Chico, Calif., to help launch shopping.postnewsmarketplace.com, later this month.
The site will feature print advertisements, special sections, classified ads and Travidia’s Syndicated Marketplace program, which lets clients collect a percentage of revenue generated each time a consumer clicks on an advertisement.
DENVER
Quark buyout adds
to software support
Quark Inc. said Wednesday that it has acquired Carlsbad, Calif.-based A Lowly Apprentice Production (ALAP) Inc., a technology provider for graphic design companies. Terms of the deal were not disclosed. ALAP founder Paul Schmitt joins Quark as vice president of product development.
ALAP’s imaging and productivity tools will add compositing and Photoshop support to QuarkXPress, according to interim president Linda Chase.
DENVER
QualMark purchases
Ling Electronics
QualMark Corp., a manufacturer of electronic testing devices said Wednesday that it purchased Ling Electronics, from SatCon Power Systems Inc. Terms of the deal were not disclosed. Massachusetts- based Ling is known for vibration testing, and had delivered more than 6,000 electro dynamic shakers to more than 20 countries since its inception in 1957. QualMark said it would relocate Ling Electronics to its West Haven, Conn., manufacturing facility.
GREENWOOD VILLAGE
Red Robin bank deal
a $200 million credit
Greenwood Village-based Red Robin Gourmet Burgers Inc. said it has entered into an amended and restated credit agreement for a total of $200 million with Wachovia Bank National Association, Wells Fargo Bank and other financial institutions. The agreement can be increased by an additional $40 million.
BALTIMORE
Energy deal could
light up East Coast
Shares of power-plant operator Constellation Energy Group Inc. surged Wednesday on news that Florida power company FPL Group Inc. is in talks to buy Constellation for more than $11 billion in a deal that would create a huge electricity conglomerate stretching from Maine to Florida.
INDIANAPOLIS
Judge approves ATA
bankruptcy proposal
A federal judge Wednesday cleared the way for ATA Airlines to begin the process of emerging from bankruptcy, the company said. The U.S. Bankruptcy Court in Indianapolis approved the company’s disclosure statement, which includes an analysis of the feasibility of the company’s restructuring plan.
