An industry-by-industry log of selected developments at Colorado businesses.
* Vail Resorts, through a subsidiary, accepted reservations for 67 available condominiums at The Arrabelle at Vail Square, a luxury RockResort condominium hotel. The reservations were accepted through a lottery. In all, 573 reservations were received for the available condominiums. To be considered, a reservation required a $100,000 refundable deposit.
* Crescent Real Estate Equities Co. of Fort Worth, Texas, has acquired Peakview Tower, a 10-story, 264,149 square-foot Class AA office property located in the Southeast submarket of Denver. Crescent acquired the property for approximately $47.5 million, or $180 per square foot.
* Starwood Hotels & Resorts Worldwide Inc. has sold the Sheraton Denver Tech Center Hotel to Clinton Street Investments LLC, an affiliate of The Hotel Group Opportunity Fund II, based in Edmonds, Wash., for $11.5 million.
Fay Myers Motorcycle World, Colorado's oldest family-owned motorcycle dealership, was bought out in December by Ralph Schomp Automotive. There are no plans to rename or relocate Fay Myers. Jason White, a nine-year employee of Fay Myers, will stay on as general manager.
A first-ever study commissioned by the Colorado Association of Funders reveals that Colorado-based private foundations, community foundations and corporate giving programs give an annual total of $253 million to charitable causes throughout the state. Since 1990, the number of grantmakers in the state has increased 112 percent and grants have increased twofold.
Denver-based Ross Aviation LLC and Centre Partners, a private equity firm, have bought Denver Air, the primary fixed-base operation (FBO) at Jefferson County Airport in Broomfield--with plans to buy more FBOs across the country. Centre Partners, with offices in New York and Los Angeles, is a private equity firm focused on investments in middle-market companies. No terms of the sale were released.
Advanced Power Technology Inc., Bend, Ore., a supplier of high performance power semiconductors used in the control of electrical power, has acquired PowerSicel Inc., Boulder, for approximately $5.4 million in cash and an exchange of stock options.
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|Title Annotation:||Insiders' Biz; Clinton Street Investments LLC; Fay Myers Motorcycle World|
|Date:||Feb 1, 2005|
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