Foreclosure activity is up in most U.S. cities, real-estate data firm RealtyTrac reported Friday.
The Irvine, Calif.-based firm said that 318,355 properties in the United States entered some stage of foreclosure in the third quarter, a 17 percent increase over the prior quarter.
The metro areas of Detroit; Fort Lauderdale, Fla.; and Denver-Aurora saw the highest foreclosure activity.
One in every 80 Detroit-area households had a property enter some stage of foreclosure, while in the Fort Lauderdale area it was one in every 88 households. The figure was one in every 90 homes in metro Denver.
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WASHINGTON
Red Cross honors Qwest’s Notebaert
Qwest chairman and chief executive Dick Notebaert has received the American Red Cross Circle of Humanitarian Award.
The award recognizes companies and individuals whose contributions provide life-saving support through Red Cross programs.
Qwest’s monetary contributions of more than $2 million have helped the American Red Cross train disaster volunteers, spread the preparedness message and respond to the task of providing for those affected by Hurricane Katrina.
The award came before Notebaert announced last week that he would donate millions of dollars in stock-sale proceeds to charities.
DENVER
Cherry Creek North bond tally delayed
The Cherry Creek North Business Improvement District has rescheduled the final vote tally for its proposed $18 million bond issue until Tuesday.
The unofficial vote count in the Nov. 7 election was 146 in favor and 138 against the bond issue to fund renovations in the district, but 19 provisional ballots still must be counted.
The district extended the deadline to allow more time to verify identifications on provisional ballots.
DENVER
Venoco going public with stock offering
Denver-based Venoco Inc., an independent oil and gas company, plans an initial public offering of 12.5 million shares, priced between $19 and $21, this week.
The IPO will be managed by Credit Suisse, Lehman Brothers and J.P. Morgan Securities. The proposed ticker symbol on the New York Stock Exchange is VQ.
The company was founded by Tim Marquez in 1992.
