Richmond American Homes has agreed to spend about $80,000 to settle a four-year dispute with the U.S. Army Corps of Engineers over alleged wetlands......
Larry Mizel CEO MDC Holdings, Inc.
http://denver.bizjournals.com/search/results.html
Obama collecting most contributions from Coloradans
If the U.S. presidential election were decided by money Coloradans have contributed to candidates so far, Democrat Barack Obama would win by a landslide.
Colorado residents contributed $8.1 million to this year's presidential campaign through April 20 -- with $2.53 million going to Sen. Obama, D-Ill.; $1.5 million to Sen. Hillary Clinton, D-N.Y.; and $879,819 to Sen. John McCain, R-Ariz., according to contribution information provided to the Federal Election Commission (FEC). The rest of the money went to candidates no longer running.
Satellite TV company EchoStar Corp. of Englewood had the most contributors by company from Colorado as of March, with donations totalling $263,450, according to the Center for Responsive Politics. Charlie Ergen, EchoStar's chairman and CEO, has backed Clinton and McCain.
McCain is a senior member of the Senate Commerce Committee, which oversees the telecommunications industry EchoStar belongs to and the Federal Communications Commission (FCC).
The Center for Responsible Politics of Washington, D.C., compiles campaign data using FEC statistics, and makes the data available on its OpenSecrets.org website.
Denver-area business people supporting Obama range from attorney Steve Farber, president of Brownstein Hyatt Farber & Schreck LLP as well as co-chair of the Democratic National Convention Host Committee, to Federico Peña, managing director at Vestar Capital Partners Inc. and co-chair of Obama's national campaign. Peña formerly was mayor of Denver, and transportation and energy secretary in the cabinet of Hillary Clinton's husband, former President Bill Clinton.
The Democrats are holding the Democratic National Convention (DNC), their presidential nominating convention, at downtown Denver's Pepsi Center sports arena Aug. 25-28.
Farber, like several Democratic business leaders, has contributed to more than one Democratic contender, including Clinton and former candidate, Gov. Bill Richardson, D-N.M. The lawyer gave $2,300 each to those candidates, according to the FEC.
"We said early on [at Brownstein Hyatt] that the executive committee would try to remain neutral," Farber said of the current presidential campaign. "That's my neutrality move."
Other Obama backers include Rob Katz, CEO of Vail Resorts Inc.; Jack Box, president and CEO of the Frederick Ross Co. commercial real estate firm; and hotel developer/operator Walter Isenberg, president and CEO of Sage Hospitality Resources LLC.
Hillary Clinton has gotten support from Linda Alvarado, president and CEO of Alvarado Construction Inc., and attorney Jim Lyons at Rothgerber, Johnson & Lyons LLP. Lyons was general counsel to Bill Clinton in the early 1990s, when Clinton was president-elect.
Alvarado's company leads the construction team that's reconfiguring the Pepsi Center to accommodate the DNC.
Major Democratic Party contributors include Tim Gill -- Quark Inc. founder, philanthropist and gay-rights activist -- and attorney Willie Shepherd Jr. of Kamlet Shepherd & Reichert LLP. FEC records show no candidate contributions by the two, but the Colorado Democratic Party received $10,000 from Gill and $2,500 from Shepherd in 2007.
Shepherd also is finance chair for the DNC host committee.
Some backers of Democratic candidates would like to see whoever ends up in the White House focus on the economy by coming up with an energy program that makes the U.S. less dependent on foreign oil, strengthening the banking system and withdrawing from Iraq, among other things.
"It's time to take care of ourselves," Farber said. "If we do that -- if we focus on the economy -- the business environment will get a lot healthier."
The nonpartisan Denver Metro Chamber of Commerce, and its companion group the Metro Denver Economic Development Corp. (MDEDC), hope the next president will deal with business issues such as transportation infrastructure and trade.
"We would like to see a commitment to infrastructure improvements -- roads and rebuilding the highway system," said Tom Clark, executive vice president of the chamber and the MDEDC. "The second thing we'd like to see is a sensible and outward-looking trade policy."
A Republican for some 30 years, Clark supports McCain in the current election. "He's the most moderate Republican," Clark said.
Republicans have attracted financial support from local business moguls such as Phil Anschutz of The Anschutz Corp., who gave $10,000 to the Colorado Republican Federal Campaign Committee and $2,300 to ex-candidate and former Massachusetts Gov. Mitt Romney, and Liberty Media Corp. Chairman John Malone. Malone kicked in $2,300 to McCain's campaign and $5,000 to the Liberty Media Corp. Political Action Committee.
Other Republican backers include Larry Mizel, chairman and CEO of home-building firm MDC Holdings Inc.; Terry Considine, chairman and CEO of Apartment Investment & Management Co. (AIMCO); and Walt Imhoff, managing director emeritus at Stifel Nicolaus & Co.
Mizel, Considine and Imhoff all support McCain, and Mizel coughed up $28,500 for the Republican National Committee and $10,000 for the Colorado Republican Federal Campaign Committee. Considine gave $20,000 to the state Republican federal campaign.
Imhoff, who retired from the Stifel Nicolaus brokerage and investment banking firm at the end of 2007, calls himself a "lifelong Republican" who is concerned about the Democrats' attitude toward raising taxes. "I'm concerned there will be a free-spending attitude," Imhoff said.
Imhoff hopes that whoever takes over the Oval Office works to create jobs.
Some Denver-area business people favor one party, but contribute to candidates of both major parties. That strategy is a way for givers to play it safe politically by hedging their bets, according to Seth Masket, assistant professor of political science at the University of Denver.
"There's a belief, in politics and the business world, that even if a campaign contribution doesn't buy you influence, it buys you access. ... Some people are just trying to be very pragmatic and covering their bets," Masket said.
Supporters of candidates from both parties include Brownstein Hyatt Chairman Norm Brownstein, who gave $2,300 each to Clinton and former Democratic contenders Richardson, Sen. Chris Dodd, D-Conn., and Sen. Joe Biden, D-Del., but donated the same amount to McCain, according to the FEC.
Jeff Schwartz, president and CEO of ProLogis, gave to Dodd as well as to Romney. Real estate developer Jordon Perlmutter of Jordon Perlmutter & Co. gave to McCain and former Republican candidates Romney and Rudy Giuliani, former mayor of New York, as well as Democrat Dodd.
_____________________________________________
Sub Prime Kings: Larry Mizel and Leonard Millman threw Richmond Homes and KB Homes create 100,000 plus mortgages without house or buyers another Junk Bond Daisy Chain game and George Bush bails them out when the got busted at tax payers expense.estimated at $600 billion or more.
Bush_Millman_Clinton_Lindner_Crime_Family_Flow_Chart1
Inside The Bush Crime Family Part1.
Inside The Bush Crime Family Part2.
Stew Webb Savings & Loan Whistleblower faces federal charges.jpg
Junk Bond Daisy Chain Fraud by Stew Webb
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...CFO of M.D.C. Holdings Inc. He certainly wouldn't...division. M.D.C. (NYSE: MDC) builds homes under the name......
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...He formerly was a regional vice president with Richmond American Homes/MDC Holdings...
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...Feb. 11. Before his time at Ashton Woods, he served with MDC Holdings Inc. in accounting and finance roles. "His combination of accounting, financial......
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...NASDAQ: LBTYA) -- no change at $40.27. M.D.C. Holdings Inc. (NYSE: MDC) -- down 12 cents at $37.78. Molson Coors Corp. (NYSE......
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...LBTYA) -- down 18 cents at $40.64. M.D.C. Holdings Inc. (NYSE: MDC) -- up $2.62 (7.22 percent) at $38.91. Molson......
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...for a total 77 percent share) of the agency to Canadian holding company MDC Partners. Business and creative decisions are made locally, whether that means......
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...LBTYA) -- down 32 cents at $39.76. M.D.C. Holdings Inc. (NYSE: MDC) -- up 16 cents at $40.77. Molson Coors Corp. (NYSE......
...LBTYA) -- up 4 cents at $40.08. M.D.C. Holdings Inc. (NYSE: MDC) -- up $1.87 at $40.61. Molson Coors Corp. (NYSE......
...LBTYA) -- down $1.83 at $40.04. M.D.C. Holdings Inc. (NYSE: MDC) -- down 30 cents at $38.74. Molson Coors Corp. (NYSE......
...LBTYA) -- down 26 cents at $41.87. M.D.C. Holdings Inc. (NYSE: MDC) -- down 42 cents at $39.04. Molson Coors Corp. (NYSE......
...LBTYA) -- up 29 cents at $42.13. M.D.C. Holdings Inc. (NYSE: MDC) -- down 26 cents at $39.46. Molson Coors Corp. (NYSE......
...LBTYA) -- down 16 cents at $41.85. M.D.C. Holdings Inc. (NYSE: MDC) -- down $1.07 at $39.72. Molson Coors Corp. (NYSE......
...LBTYA) -- down 40 cents to $42.01. M.D.C. Holdings Inc. (NYSE: MDC) -- down $1.17 to $40.79. Molson Coors Corp. (NYSE......
...LBTYA) -- up 61 cents at $42.41. M.D.C. Holdings Inc. (NYSE: MDC) -- down 95 cents at $41.96. Molson Coors Corp. (NYSE......
...LBTYA) -- down 52 cents at $41.80. M.D.C. Holdings Inc. (NYSE: MDC) -- up 64 cents at $42.91. Molson Coors Corp. (NYSE......
...LBTYA) -- up 2 cents at $42.16. M.D.C. Holdings Inc. (NYSE: MDC) -- no change at $42.25. Molson Coors Corp. (NYSE: TAP......
...LBTYA) -- down 18 cents at $42.14. M.D.C. Holdings Inc. (NYSE: MDC) -- down 79 cents at $42.25. Molson Coors Corp. (NYSE......
...LBTYA) -- up 32 cents at $42.32. M.D.C. Holdings Inc. (NYSE: MDC) -- up 20 cents at $43.04. Molson Coors Corp. (NYSE......
...LBTYA) -- up 32 cents at $42.00. M.D.C. Holdings Inc. (NYSE: MDC) -- down 54 cents at $42.84. Molson Coors Corp. (NYSE......
...LBTYA) -- up 16 cents at $41.68. M.D.C. Holdings Inc. (NYSE: MDC) -- up 65 cents at $43.38. Molson Coors Corp. (NYSE......
...LBTYA) -- down 27 cents at $41.52. M.D.C. Holdings Inc. (NYSE: MDC) -- up $1.07 at $42.73. Molson Coors Corp. (NYSE......
...LBTYA) -- up 77 cents at $41.79. M.D.C. Holdings Inc. (NYSE: MDC) -- up 72 cents at $41.66. Molson Coors Corp. (NYSE......
...LBTYA) -- down 91 cents at $41.02. M.D.C. Holdings Inc. (NYSE: MDC) -- up 9 cents at $40.94. Molson Coors Corp. (NYSE......
...LBTYA) -- up 2 cents at $42.20. M.D.C. Holdings Inc. (NYSE: MDC) -- down 26 cents at $40.31. Molson Coors Corp. (NYSE......
...LBTYA) -- down 2 cents at $42.18. M.D.C. Holdings Inc. (NYSE: MDC) -- down 12 cents at $40.57. Molson Coors Corp. (NYSE......
...LBTYA) -- down 13 cents at $42.20. M.D.C. Holdings Inc. (NYSE: MDC) -- down $1.74 at $40.69. Molson Coors Corp. (NYSE......
...LBTYA) -- up 29 cents at $42.33. M.D.C. Holdings Inc. (NYSE: MDC) -- down 3 cents at $42.43. Molson Coors Corp. (NYSE......
...LBTYA) -- down 49 cents at $42.04. M.D.C. Holdings Inc. (NYSE: MDC) -- down $1.98 at $42.46. Molson Coors Corp. (NYSE......
...LBTYA) -- down 28 cents at $42.53. M.D.C. Holdings Inc. (NYSE: MDC) -- down 71 cents at $44.44. Molson Coors Corp. (NYSE......
...LBTYA) -- up $1.67 at $42.81. M.D.C. Holdings Inc. (NYSE: MDC) -- up $2.49 at $45.15. Molson Coors Corp. (NYSE......
...LBTYA) -- down 2 cents at $41.14. M.D.C. Holdings Inc. (NYSE: MDC) -- up 4 cents at $42.66. Molson Coors Corp. (NYSE......
...LBTYA) -- up 43 cents at $41.16. M.D.C. Holdings Inc. (NYSE: MDC) -- up 98 cents at $42.62. Molson Coors Corp. (NYSE......
...LBTYA) -- down 3 cents at $40.68. M.D.C.Holding Corp. (NYSE: MDC) up 3 cents at $40.96. Molson Coors Corp. (NYSE......
...Homes Corp. (105) and Richmond Homes (87), owned by Denver-based MDC Holdings Inc. (NYSE: MDC). Oakwood trades over-the-counter on the Pink......
...LBTYA) -- up 17 cents at $41.51. M.D.C. Holdings Inc. (NYSE: MDC) -- down 90 cents at $40.98. Molson Coors Corp. (NYSE......
...LBTYA) -- down 9 cents at $41.34. M.D.C. Holdings Inc. (NYSE: MDC) -- down $1.44 at $41.88. Molson Coors Corp. (NYSE......
...LBTYA) -- down 17 cents at $41.43. M.D.C. Holdings Inc. (NYSE: MDC) -- down 13 cents at $43.32. Molson Coors Corp. (NYSE......
...LBTYA) -- down 19 cents at $41.60. M.D.C. Holdings Inc. (NYSE: MDC) -- down $1.39 at $43.45. Molson Coors Corp. (NYSE......
...LBTYA) -- up 81 cents at $41.79. M.D.C. Holdings Inc. (NYSE: MDC) -- up 35 cents at $44.84. Molson Coors Corp. (NYSE......
...LBTYA) -- up 45 cents at $40.00. M.D.C. Holdings Inc. (NYSE: MDC) -- down 2 cents at $43.31. Molson Coors Corp. (NYSE......
...LBTYA) -- up 41 cents at $39.55. M.D.C. Holdings Inc. (NYSE: MDC) -- up $1.15 at $43.33. Molson Coors Corp. (NYSE......
...LBTYA) -- down 86 cents at $39.14. M.D.C. Holdings Inc. (NYSE: MDC) -- down $1.82 at $42.18. Molson Coors Corp. (NYSE......
...LBTYA) -- down 68 cents at $40.00. M.D.C. Holdings Inc. (NYSE: MDC) -- down $1.40 at 44.00. Molson Coors Corp. (NYSE......
...LBTYA) -- up 68 cents at $40.68. M.D.C. Holdings Inc. (NYSE: MDC) -- down 1 cent at 45.40. Molson Coors Corp. (NYSE......
...LBTYA) -- down 35 cents at $40.00. M.D.C. Holdings Inc. (NYSE: MDC) -- down 88 cents at $45.41. Molson Coors Corp. (NYSE......
...LBTYA) -- up 63 cents at $40.35. M.D.C. Holdings Inc. (NYSE: MDC) -- up 61 cents at $46.29. Molson Coors Corp. (NYSE......
...LBTYA) -- up 3 cents at $39.72. M.D.C. Holdings Inc. (NYSE: MDC) -- down 8 cents at $45.68. Molson Coors Corp. (NYSE......
...LBTYA) -- down 27 cents at $39.69. M.D.C. Holdings Inc. (NYSE: MDC) -- down 51 cents at $45.76. Molson Coors Corp. (NYSE......
...LBTYA) -- up 99 cents at $39.96. M.D.C. Holdings Inc. (NYSE: MDC) -- up $1.12 at $46.27. Molson Coors Corp. (NYSE......
...LBTYA) -- down $2.51 at $38.97. M.D.C. Holdings Inc. (NYSE: MDC) -- up $1.79 at $45.15. Molson Coors Corp. (NYSE......
...LBTYA) -- down 39 cents at $41.48. M.D.C. Holdings Inc. (NYSE: MDC) -- down $1.02 at $43.36. Molson Coors Corp. (NYSE......
...LBTYA) -- down 8 cents at $41.87. M.D.C. Holdings Inc. (NYSE: MDC) -- down $1.42 at $44.38. Molson Coors Corp. (NYSE......
...LBTYA) -- up $1.33 at $41.95. M.D.C. Holdings Inc. (NYSE: MDC) -- down $1.97 at $45.80. Molson Coors Corp. (NYSE......
...LBTYA) -- down 68 cents at $40.62. M.D.C. Holdings Inc. (NYSE: MDC) -- down $1.20 at $47.77. Molson Coors Corp. (NYSE......
...LBTYA) -- down $1.73 at $41.30. M.D.C. Holdings Inc. (NYSE: MDC) -- down 23 cents at $48.97. Molson Coors Corp. (NYSE......
...LBTYA) -- down 46 cents at $43.03. M.D.C. Holdings Inc. (NYSE: MDC) -- up 80 cents at $49.20. Molson Coors Corp. (NYSE......
...LBTYA) -- up 66 cents at $43.49. M.D.C. Holdings Inc. (NYSE: MDC) -- up 84 cents at $48.40. Molson Coors Corp. (NYSE......
...LBTYA) -- down 12 cents at $42.83. M.D.C. Holdings Inc. (NYSE: MDC) -- up 62 cents at $47.56. Molson Coors Corp. (NYSE......
...LBTYA) -- up 84 cents at $42.95. M.D.C. Holdings Inc. (NYSE: MDC) -- down $1.53 at $47.19. Molson Coors Corp. (NYSE......
...LBTYA) -- up 28 cents at $42.11. M.D.C. Holdings Inc. (NYSE: MDC) -- up $2.43 at $48.72. Molson Coors Corp. (NYSE......
...LBTYA) -- down 10 cents at $41.83. M.D.C. Holdings Inc. (NYSE: MDC) -- up 29 cents at $46.29. Molson Coors Corp. (NYSE......
...LBTYA) -- up 52 cents at $41.93. M.D.C. Holdings Inc. (NYSE: MDC) -- down $1.00 at $46.00. Molson Coors Corp. (NYSE......
...LBTYA) -- up 54 cents at $41.41. M.D.C. Holdings Inc. (NYSE: MDC) -- up 65 cents at $47.00. Molson Coors Corp. (NYSE......
...LBTYA) -- down 29 cents at $40.87. M.D.C. Holdings Inc. (NYSE: MDC) -- down 52 cents at $46.35. Molson Coors Corp. (NYSE......
...LBTYA) -- down $1.50 at $41.16. M.D.C. Holdings Inc. (NYSE: MDC) -- up 1 cent at $46.87. Molson Coors Corp. (NYSE......
...LBTYA) -- down 33 cents at $42.66. M.D.C. Holdings Inc. (NYSE: MDC) -- up 63 cents at $46.86. Molson Coors Corp. (NYSE......
...LBTYA) -- down 81 cents at $42.99. M.D.C. Holdings Inc. (NYSE: MDC) -- down 99 cents at $46.23. Molson Coors Corp. (NYSE......
...LBTYA) -- down 11 cents at $43.80. M.D.C. Holdings Inc. (NYSE: MDC) -- down $1.42 at $47.22. Molson Coors Corp. (NYSE......
...LBTYA) -- down 84 cents at $43.91. M.D.C. Holdings Inc. (NYSE: MDC) -- down $1.05 at $48.64. Molson Coors Corp. (NYSE......
...LBTYA) -- down 3 cents at $44.75. M.D.C. Holdings Inc. (NYSE: MDC) -- up 50 cents at $49.69. Molson Coors Corp. (NYSE......
...LBTYA) -- up 13 cents at $44.78. M.D.C. Holdings Inc. (NYSE: MDC) -- down 42 cents at $49.19. Molson Coors Corp. (NYSE......
...LBTYA) -- up 56 cents at $44.65. M.D.C. Holdings Inc. (NYSE: MDC) -- down 47 cents at $49.61. Molson Coors Corp. (NYSE......
Steven J. Hilton, chairman and chief executive of Meritage Home Corp., Arizona's only publicly traded home builder, saw his total compensation drop by $1.2......
...LBTYA) -- down 41 cents at $44.09. M.D.C. Holdings Inc. (NYSE: MDC) -- down 25 cents at $50.08. Molson Coors Corp. (NYSE......
...LBTYA) -- up 29 cents to $43.19. M.D.C. Holdings Inc. (NYSE: MDC) -- up 19 cents to $48.15. Molson Coors Corp. (NYSE......
...LBTYA) -- up 75 cents at $42.72. M.D.C. Holdings Inc. (NYSE: MDC) -- up $1.27 at $49.80. Molson Coors Corp. (NYSE......
...LBTYA) -- up 29 cents at $41.97. M.D.C. Holdings Inc. (NYSE: MDC) -- up 30 cents at $48.53. Molson Coors Corp. (NYSE......
...LBTYA) -- down 6 cents at $41.68. M.D.C. Holdings Inc. (NYSE: MDC) -- down 17 cents at $48.23. Molson Coors Corp. (NYSE......
...LBTYA) -- up 70 cents at $41.74. M.D.C. Holdings Inc. (NYSE: MDC) -- up 4 cents at $48.40. Molson Coors Corp. (NYSE......
...LBTYA) -- up 15 cents at $41.04. M.D.C. Holdings Inc. (NYSE: MDC) -- down 25 cents at $48.36. Molson Coors Corp. (NYSE......
...LBTYA) -- down 22 cents at $40.89. M.D.C. Holdings Inc. (NYSE: MDC) -- down 48 cents at $48.61. Molson Coors Corp. (NYSE......
...LBTYA) -- up 74 cents at $41.11. M.D.C. Holdings Inc. (NYSE: MDC) -- up $1.55 at $49.09. Molson Coors Corp. (NYSE......
...LBTYA) -- up 22 cents at $40.37. M.D.C. Holdings Inc. (NYSE: MDC) -- down $1.20 at $47.54. Molson Coors Corp. (NYSE......
...LBTYA) -- down 1 cent at $40.15. M.D.C. Holdings Inc. (NYSE: MDC) -- down 20 cents at $48.74. Molson Coors Corp. (NYSE......
...LBTYA) -- up $1.32 at $40.55. M.D.C. Holdings Inc. (NYSE: MDC) -- down 92 cents at $50.08. Molson Coors Corp. (NYSE......
...LBTYA) -- down 48 cents at $39.23. M.D.C. Holdings Inc. (NYSE: MDC) -- down $1.02 at $51.00. Molson Coors Corp. (NYSE......
...LBTYA) -- up 43 cents at $39.71. M.D.C. Holdings Inc. (NYSE: MDC) -- up 19 cents at $52.02. Molson Coors Corp. (NYSE......
...LBTYA) -- up 2 cents at $39.28. M.D.C. Holdings Inc. (NYSE: MDC) -- down 49 cents at $51.83. Molson Coors Corp. (NYSE......
...LBTYA) -- down 63 cents to $39.26. M.D.C. Holdings Inc. (NYSE: MDC) -- down 8 cents to $52.32. Molson Coors Corp. (NYSE......
...homes in six new-home communities. Richmond American, a division of MDC Holdings Inc. of Denver, usually buys finished lots so it did not......
...LBTYA) -- up 40 cents at $39.89. M.D.C. Holdings Inc. (NYSE: MDC) -- up 28 cents at $52.40. Molson Coors Corp. (NYSE......
...LBTYA) -- up $1.37 at $39.49. M.D.C. Holdings Inc. (NYSE: MDC) -- up 63 cents at $52.12. Molson Coors Corp. (NYSE......
...LBTYA) -- up 39 cents at $38.12. M.D.C. Holdings Inc. (NYSE: MDC) -- down 56 cents at $51.49. Molson Coors Corp. (NYSE......
...LBTYA) -- up 60 cents at $37.73. M.D.C. Holdings Inc. (NYSE: MDC) -- down 9 cents at $52.05. Molson Coors Corp. (NYSE......
...ranged from Centex Corp. and Pulte Homes Inc. to Denver-based MDC Holdings Inc., owner of Richmond American Homes. But with record-high housing......
...LBTYA) -- down 10 cents at $37.13. M.D.C. Holdings Inc. (NYSE: MDC) -- up $1.28 at $52.14. Molson Coors Corp. (NYSE......
...LBTYA) -- down 48 cents at $37.23. M.D.C. Holdings Inc. (NYSE: MDC) -- down $2.28 at $50.86. Molson Coors Corp. (NYSE......
...and new construction at the CU-Boulder Leeds School of Business. MDC Holdings Foundation donated $1 million to establish the Gilbert Goldstein Fund, which......
...LBTYA) -- down 98 cents at $37.71. M.D.C. Holdings Inc. (NYSE: MDC) -- down 94 cents at $53.14. Molson Coors Corp. (NYSE......
...LBTYA) -- down 63 cents at $38.69. M.D.C. Holdings Inc. (NYSE: MDC) -- down 65 cents at $54.08. Molson Coors Corp. (NYSE......
...LBTYA) -- up 59 cents at $38.99. M.D.C. Holdings Inc. (NYSE: MDC) -- down 61cents at $53.73. Molson Coors Corp. (NYSE: TAP......
...LBTYA) -- up 14 cents at $38.40. M.D.C. Holdings Inc. (NYSE: MDC) -- down 25 cents at $54.34. Molson Coors Corp. (NYSE......
...LBTYA) -- up 53 cents at $38.26. M.D.C. Holdings Inc. (NYSE: MDC) -- up 38 cents at $54.59. Molson Coors Corp. (NYSE......
...LBTYA) -- down 11 cents at $37.73. M.D.C. Holdings Inc. (NYSE: MDC) -- up 86 cents at $54.21. Molson Coors Corp. (NYSE......
...LBTYA) -- up 8 cents at $37.84. M.D.C. Holdings Inc. (NYSE: MDC) -- down 25 cents at $53.35. Molson Coors Corp. (NYSE......
...LBTYA) -- down 13 cents at $37.76. M.D.C. Holdings Inc. (NYSE: MDC) -- up 12 cents at $53.60. Molson Coors Corp. (NYSE......
...LBTYA) -- down 11 cents at $37.89. M.D.C. Holdings Inc. (NYSE: MDC) -- down 12 cents at $53.48. Molson Coors Corp. (NYSE......
...LBTYA) -- down 29 cents at $38.00. M.D.C. Holdings Inc. (NYSE: MDC) -- up $1.65 at $53.60. Molson Coors Corp. (NYSE......
____________________________________________
Larry Mizel, chairman of Denver-based home building giant M.D.C. Holdings Inc., purportedly has had a big hand in bringing along the posh $50 million, 58-unit One Polo Creek condominiums in Cherry Creek.
Mizel, according to sources, used his financial clout to get construction financing for the project and purchased its pricey penthouse to move presales along. Units at the development go for $500,000 to $2.5 million.
Mizel was unavailable for comment, and project developer Don Betts declined comment on the topic.
There's speculation, too, that sales at One Polo Creek have been slow. The Devonshire Co.'s Christy Owen, wife of One Polo Creek's other developer, Steve Owen, is marketing the property.
Betts admits it has taken longer than hoped to show prospective buyers the project because of a lack of salespeople, and building the units has taken extra time because that construction involves a lot of specialty touches.
He contends, however, that sales have been brisk the last four months. "We're effectively building 58 custom homes," he explained.
More than 75 percent of the units have been sold, according to Betts, with five units closed so far and another five or six closings scheduled for next month. The developers anticipate closing that many units a month over the next few months.
Meanwhile, Owen's and Betts' company, Asset Investment Management LLC of Denver, continues be caught up in confusion.
Developer of downtown Denver loft projects Streetcar Stables and Stadium Lofts as well as One Polo Creek, Asset Investment has gone by AIMCO since its founding by Owen in 1980.
Another local real estate company, highly acquisitive Denver-based real estate investment trust Apartment Investment & Management Co., also goes by that acronym. Apartment Investment & Management, which owns and manages apartment properties across the country, went public in 1994.
Ironically, Mizel hired Terry Considine, chairman of the AIMCO REIT, to run M.D.C.'s REITs, Asset Investors Corp. and Commercial Assets Inc.
Mixing up the companies has been a headache for Asset Investment Management.
"In the 1980s, we tried to register as AIMCO, but the [Colorado] Secretary of State said it was too close to AMOCO," said Asset Investment Management's Judy Buchholz. "Since then, it's gone from being to too close to AMOCO to anybody who wants to be AIMCO can be."
Said Leeann Morein, chief financial officer and senior vice president at Apartment Investors & Management: "We've always defined ourselves. Unfortunately people don't like to look in the phone book. We are not listed under AIMCO."
Another metro-area developer, the Stonebridge Cos., may be small, but it boasts big plans.
A developer of limited-service hotels, 5-year-old Stonebridge will build $100 million in new properties from Phoenix to Anchorage in the next 18 to 24 months, according to principals.
In 1996, the company erected six hotels valued at $30 million in Colorado. It also reaped $20 million in revenue that year.
Currently, Stonebridge owns and operates 12 properties in Colorado, Utah and Arizona and expects to hold a total of 30 hotels in the next couple of years.
"The market in Denver has been very good for us," said Stonebridge principal Navin Dimond. "Now we're looking to diversify into the rest of the western United States."
Added partner Gary Rohr: "We like quality markets, ones where there are barriers to entry. It takes us two years to develop a project instead of six months."
...Larry Mizel, the chairman and CEO of homebuilder MDC Holdings Inc., disclosed Tuesday......
...Larry Mizel, chairman of Denver-based M.D.C. Holdings Inc., was the......
...higher than revenues of $400 million for the same period in 1999. Mizel, MDC's chairman and chief executive officer, said that the company's......
...Larry Mizel, Denver home-building giant M.D.C. Holdings Inc.'s top......
...Larry Mizel, chairman of Denver-based home building giant M.D.C. Holdings......
...Considine, CEO and president of Apartment Investment & Management Co. (NYSE: AIM); Larry Mizel, chairman and CEO of MDC Holdings Inc. (NYSE: MDC); and Greg......
If the U.S. presidential election were decided by money Coloradans have contributed to candidates so far, Democrat Barack Obama would win by a landslide.......
...to transform and streamline our business practices ... ," MDC Chairman and CEO Larry Mizel said in a statement. Those improvements ranged from improving the company......
...Securities and Exchange Commission. The filing included the compensation packages for Larry Mizel, chairman and CEO, and David Mandarich, president and chief operating officer......
...our operating structure and processes, in preparation for an eventual recovery," Larry Mizel, M.D.C.'s founder, chairman and CEO, said in a......
...advantage of opportunities ... when these markets begin to stabilize and recover," Larry Mizel, MDC chairman and CEO, said in a statement. Mizel said the......
Steven J. Hilton, chairman and chief executive of Meritage Home Corp., Arizona's only publicly traded home builder, saw his total compensation drop by $1.2......
...reporting lower orders for new homes compared to a year earlier," Larry Mizel, the company's chairman and CEO, said in a statement. "Many......
...first half of 2006 remained prevalent during the third quarter," said Larry Mizel, MDC's chairman and CEO, in a news release. MDC reported......
Harry Frampton, Managing Partner, East West Partners, Avon Harry Frampton has developed resort communities in Vail, Beaver Creek, Summit County and Lake Tahoe. Frampton......
...If you have the time and inclination, you might ask homebuilder Larry Mizel to provide you with the arithmetic to support his contention that......
The special session of the Colorado Legislature on immigration concluded with such thunderous backslapping, you could barely hold a conversation about the weather within......
...again confirms our position as an industry leader," Chairman and CEO Larry Mizel said in a statement. "Our exceptional earnings growth in 2004 has......
...returns to our shareowners in a variety of economic conditions," said Larry Mizel, M.D.C.'s chairman and chief executive officer, in a......
...Imhoff. Walt Isenberg, Sage Hospitality Resources. Don Kortz, Fuller and Company. Larry Mizel, M.D.C. Holdings Inc. Daniel Ritchie, chancellor, University of Denver......
...not speculating in land," said M.D.C. Chairman and CEO Larry Mizel, in a statement. "The outstanding results for the quarter were driven......
...be the best year in our company's history," Chairman/CEO Larry Mizel said in a statement. "Through a balance of disciplined organic growth......
...our 25th consecutive month of record home orders," MDC Chairman/CEO Larry Mizel said in a statement. "A quarterly increase of more than 20......
...Linda Clark, managing director of Piper Jaffray's Investment Banking Group; Larry Mizel, founder and CEO of MDC Holdings; and Patricia Gage, director of......
...meanwhile, rose to $2.92 billion, an increase of 26 percent. Larry Mizel, chairman and CEO of M.D.C., said the fourth quarter......
...percent, to $2.06 billion from $1.55 billion last year. Larry Mizel, M.D.C.'s chairman and CEO, attributed his company's......
...York City Sept. 6. M.D.C. Chairman and Chief Executive Larry A. Mizel and Executive Vice President and Chief Financial Officer Paris G. Reese......
...has distanced itself from the Mizel Museum of Judaica, two years after the two organizations agreed to merge. Larry Mizel, the Denver homebuilder behind......
...with a future sales value of more than $1.6 billion," Larry Mizel, MDC's chairman, founder and CEO, said in a statement. Mizel......
...increase in our first quarter cash dividend," MDC Chairman and CEO Larry Mizel said in a statement. "In addition, the payment of the stock......
...the strength of record home closings and mortgage loan originations," said Larry A. Mizel, chairman and CEO, in a statement...
...success of our strategy and the strength of our operating performance," Larry A. Mizel, chairman and CEO, said in a statement. Other stories about M......
...originations, and profits from both our homebuilding and mortgage lending businesses," Larry A. Mizel, chairman and chief executive officer, said in a statement...
...and Steve Farber, Jean and Ben Galloway, Arlene and Barry Hirschfeld, Larry Mizel, Susan and Eddie Robinson, Nancy and Mike Shaw and Dean Singleton......
Last year's terrorist attacks hurt many Colorado public companies, but not nearly as much as the Enron and WorldCom scandals that rocked Wall Street.......
...enhanced with the amendment of our unsecured bank credit facility," said Larry A. Mizel, M.D.C.'s chairman and chief executive officer. "This amendment......
...the year, including seven straight months of record home orders," said Larry A. Mizel, chairman and CEO, in a statement...
...s new strategy was ordered by MDC Chairman and Chief Executive Larry Mizel. MDC builds new houses in Arizona, Colorado, Utah, California, Nevada, Virginia......
...and a general constraint on the supply of new homes," said Larry A. Mizel, chairman and CEO, in a statement. MDC builds homes under the......
...000 homes and produce record revenues and earnings in 2003," said Larry A. Mizel, chairman and CEO, in a statement. MDC is the state's......
...demand for new homes in our country's growth markets," said Larry A. Mizel, chairman and CEO, in a statement. The firm also said it......
...85 fewer homes closed, compared with the first quarter of 2001. Larry A. Mizel, MDC's chairman and CEO, said the quarter gave M.D......
...and $1.75 billion, respectively, for the same periods in 2000. Larry Mizel, the company's chairman and CEO attributed the positive earnings in......
...is looking at its best year. That's the prediction from Larry Mizel, the chairman and CEO of Denver-based homebuilder M.D.C......
...a total of $10 million for relief efforts. In a statement, Larry Mizel, chairman and CEO said, "We trust that our contribution, together with......
...balance sheets in the industry," said MDC chairman and chief executive Larry Mizel. "Our financial flexibility recently has been enhanced through the expansion of......
...508 million, from $420 million during the second quarter of 2000. Larry Mizel, chairman and CEO of M.D.C., said he expected the......
Spencer Browne, a force in Colorado's real estate market for more than a decade, is branching out into other parts of the business world.......
A couple of substantial suburban tenants are in the market for new digs, according to real estate insiders. Denver-based environmental engineering concern Woodward-Clyde Group......
Beer magnate Bill Coors is tangling with Jeffco developer Ken Slyziuk in a little-noticed case now before Judge John Coughlin in Denver District Court.......
...the CEOs of the 15 largest public companies in 1991, only Larry Mizel of M.D.C. is still around. Many top companies back......
Political insiders are quietly noting Blue Cross Blue Shield CEO David Kikumoto's timing in cutting a preliminary deal that eventually could lead to a......
...such as the Alpert family, M.D.C. Holdings Inc. chief Larry Mizel and land developer Mike Cooper; Mike Messina, principal owner of one......
...Councilwoman Joyce Foster, developer Alex and Becky Topelson, Jo Marie Dancik, Larry Mizel, Larry Gelfond, Bob McAlister, Shelly Cook, Rick Sapkin, Herb Cook and......
...Bruce Bee, Mary Frances Kelley, Jim Lyons, Steve Farber, Norm Brownstein, Larry Mizel, Spencer Browne, Dewey Haberman, Doris Drury, Bill Kendall, Walt and Diane......
...Micky" Miller, Fox/Prime sports chief Bob Thompson, Don Knox, Larry and Carol Mizel, David Mandarich and John Lay. Art auction netted $30,000......
Spencer Browne, a force in Colorado's real estate market for more than a decade, is branching out into other parts of the business world.
Browne, principal of Strategic Asset Management, is putting his keen financial mind to use by investing in various ventures, including a property management company in Paris, and is using his experience to help sprout new companies.
His influence in the Denver business world has spanned many areas. Dick Robinson, president of Robinson Dairy, served on the board of Asset Investors Corp., a Real Estate Investment Trust that Browne co-founded. "He's a good CEO," Robinson said. "He's very capable."
After growing up in Philadelphia, Browne, 50, attended the University of Pennsylvania and then Villanova University where he graduated from law school cum laude.
He worked for four years at the Securities and Exchange Commission in Washington before moving to Cleveland. While in private practice for Benesch, Friedlander, Coplan & Aronoff in securities in Cleveland, his client Michael Feiner went to work at M.D.C. Holdings Inc., a homebuilding company in Denver.
Feiner became executive vice president of M.D.C. and encouraged Browne to leave the cold weather of the Midwest and join him in Colorado.
Browne chose better weather over an opportunity to be junior partner in Cleveland and moved to Colorado just as the securities business began to see tough times.
"I got here in `81 and by `82 the securities business had really fallen off," he said.
Although he became partner of the law firm Brownstein Hyatt & Farber PC in 1983, Browne decided that the real estate business looked better. He joined Feiner at M.D.C. in 1984. M.D.C. owns and manages subsidiary companies that build and sell homes under the name Richmond American Homes.
Richmond builds and sells single-family homes in Denver and Colorado Springs, and out-of-state in Virginia, Maryland, California, Arizona and Nevada. The company also owns and manages HomeAmerican Mortgage Corporation which originates mortgage loans primarily for M.D.C.'s homebuyers.
M.D.C. grew quickly. It acquired many companies and sold close to a $1 billion of homes. But in the late 1980s the real estate business took a bad turn.
"You could say the rest is history," Browne said. "The real estate business in Colorado basically closed down."
M.D.C. had hard times of its own and a lot of the principal people left the company. Browne, who was executive vice president and general counsel at the time, was promoted to president and CEO in 1989. With this opportunity, he also faced the challenge of revamping the company.
"I completely changed the company," he said. "I reduced debt and brought back bonds." In 1994, the transition was complete.
As interest rates came down starting in 1995, the company began to regain its position on top.
"All of a sudden we had upwards of $2 billion of housing revenues," Browne said. M.D.C. was the nation's seventh largest homebuilder, with 1998 revenues of $1.3 billion.
Steve Farber, partner at Brownstein Hyatt & Farber, has known Browne for 20 years and said he was very influential during its transition.
"I think when he was at M.D.C. he got it through some tough times," Farber said.
Browne left M.D.C. to pursue other investment interests and Larry Mizel took over the helm. After leaving M.D.C., Browne ran Financial Asset Management LLC and Asset Investors Corp., two REITs that he co-founded.
"I left with a terrific reputation on the street," Browne said. He said his success since leaving M.D.C. has been greatly due to the credibility he developed while at M.D.C.
...starting Murrayhill at the age of 38, Ellis was vice president of Asset Investors Corp. where she was in charge of its risk management for...
Denver Water is considering a proposal to increase water rates and tap fees by $3.2 million, or 2.4 percent, for 2001. The proposal was...
...merge the trusts. Commercial Assets Inc. will once again be part of Asset Investors Corp., having spun off from its parent in 1993. Both publicly...
...areas. Dick Robinson, president of Robinson Dairy, served on the board of Asset Investors Corp., a Real Estate Investment Trust that Browne co-founded. "He...
...asks. The local manufactured home community REITs include Considine's Denver-based Asset Investors Corp. and Commercial Assets Inc., two mortgage REITs he purchased a...
Spencer Browne, a force in Colorado's real estate market for more than a decade, is branching out into other parts of the business world.......
Denver-based Asset Investors Corp. purchased 39,900 shares of its stock last month. The company paid $598,000 for the stock, for an average price of......
Asset Investors Corp. acquired the assets and operations of its manager, Financial Assets Management LLC, for 3.4 million limited-partnership units worth about $11.6 million.......
Former Colorado gubernatorial candidate Bruce Benson has joined the board of directors of both Asset Investors Corp. and Commercial Assets Inc., two Denver-based companies.......
...MDC Holdings Inc. named Christopher Anderson its senior vice president of finance on......
...MDC Holdings Inc. of Denver wins high marks for its policy toward green......
...MDC Holdings Inc. will be the only Colorado home builder included in a......
...Labor groups hope to make a splash at home builder MDC Holdings Inc.'s annual meeting, to be held Tuesday in Denver. One......
...Colorado home-building company MDC Holdings Inc. narrowed its net loss in the first quarter, even as......
...The total compensation of the top two executives at homebuilder MDC Holdings Inc. dropped by half in 2007 as the company struggled with......
...Larry Mizel, the chairman and CEO of homebuilder MDC Holdings Inc., disclosed Tuesday that he made nearly $2 million from the......
...MDC Holdings took a big hit in the fourth quarter, with a much......
...home builder M.D.C. Holdings Inc. battled a "turbulent" housing...2006, M.D.C. (NYSE: MDC) posted net income of $48......
...Denver's MDC Holdings Inc. on Wednesday reported a net loss for the second quarter......
...Net income continues to slide for Denver-based MDC Holdings, the parent company of Richmond American Homes. The company released its......
...MDC Holdings' second-quarter profit dropped amid slowing new-home orders and a......
...M.D.C. Holdings Inc. (NYSE: MDC) dipped $1.73, or 3.2 percent, to $52.08......
...the first quarter, homebuilder M.D.C. Holdings Inc. announced Thursday. Denver-based M.D.C. (NYSE: MDC) reported net income of $95.4 million......
...M.D.C. Holdings Inc. (NYSE: MDC) climbed 6.5 percent, or $4.15, to close at......
...existing or additional participant lenders. Denver-based M.D.C. Holdings Inc. (NYSE: MDC) builds homes under the name Richmond American Homes. "We are......
...MCDT) -- up 7 cents at $4.15. M.D.C. Holdings Inc. (NYSE: MDC) -- down 15 cents at $58.90. Molson Coors Corp. (NYSE......
...M.D.C. Holdings earned $505.7 million in...The Denver-based homebuilder (NYSE: MDC) credited increased levels of home......
...MCDT) -- down 3 cents at $4.69. M.D.C. Holdings Inc. (NYSE: MDC) -- down 29 cents at $74.97. Molson Coors Corp. (NYSE......
...C. Holdings Inc. on Thursday announced an increase in its medium-term notes program to $750 million. The Denver home builder (NYSE: MDC) already......
...M.D.C. Holdings Inc. on Thursday announced its...periods in 2004, Denver-based MDC (NYSE: MDC) had 4,232......
...M.D.C. Holdings Inc. (NYSE: MDC) shares rose by $5.24, or 7.77 percent, to......
...form of a 30 percent stock dividend. M.D.C. Holdings stock (NYSE: MDC) will be distributed Jan. 12 to the shareholders of record......
...Denver-based M.D.C. Holdings (NYSE: MDC) reported that its third quarter 2004 net income, earnings per share......
...Denver-based M.D.C. Holdings Inc. (NYSE: MDC) announced Tuesday it's received orders, net of cancellations, for......
...M.D.C. Holdings Inc. (NYSE: MDC) climbed $2.12, or 3.5 percent, to $62.29......
...prices in Nevada and California, Denver-based M.D.C. Holdings Inc. (NYSE: MDC) Tuesday announced it expects second-quarter earnings per share to......
...by land investment company Dade Holdings as trustee, is on the...his willingness to sell to MDC despite offers for significantly more......
...MCDT) -- down 3 cents to $4.86. M.D.C. Holdings Inc. (NYSE: MDC) -- down $2.72 to $60.88. Newmont Mining Corp. (NYSE......
...Denver-based MDC Holdings Inc. (NYSE: MDC) posted record first quarter revenues and operating profits......
...During the first quarter of 2004, Denver-based MDC Holdings Inc. received the highest number of home orders of any quarter......
...M.D.C. Holdings Inc. (NYSE: MDC) fell $4.45 to $62.05, or 6.69 percent......
...M.D.C. Holdings Inc. (NYSE: MDC) today built a 5 percent increase of $3.16, climbing......
...MDC Holdings Inc. (NYSE: MDC), based in Denver, received 1,958 home orders......
...MDC Holdings Inc. promoted Doug Moran to president of the new Jacksonville division......
...Clay County -- MDC Holdings Inc. of Denver, which refused to disclose the purchase price when......
...Denver-based M.D.C. Holdings Inc. (NYSE: MDC), parent of home builder Richmond American Homes, reported record revenue......
...Denver-based home builder M.D.C. Holdings Inc. (NYSE: MDC) reported that in the third quarter, it set a record......
...Denver-based M.D.C. Holdings Inc. received the Extraordinary Service...California and Salt Lake City. MDC also has a growing presence......
...Denver-based M.D.C. Holding Inc.'s (NYSE: MDC) Richmond American Homes subsidiary is entering the Chicago market. Chicago......
...M.D.C. Holding Inc.'s Richmond American Homes...15, M.D.C. (NYSE: MDC) reported a record second quarter......
...based homebuilder M.D.C. Holdings Inc. reported a record second...have been even higher, but MDC had $9.3 million in......
...Denver-based M.D.C. Holdings Inc. (NYSE: MDC) reported that it received more home orders in its last......
...Homes name is adding Houston to its growing list of markets. MDC Holdings Inc.'s new division will be headed by Jim See, who......
...of 1,000 homes over the next four years. Denver-based MDC Holdings Inc., which builds under the name of Richmond American Homes, has......
...Denver-based M.D.C. Holdings Inc. (NYSE: MDC), the holding company for homebuilder Richmond American Homes, declared a......
...Denver-based M.D.C. Holdings (NYSE: MDC) reported that in the first quarter, it received more home orders......
...board of directors at Denver-based homebuilder M.D.C. Holdings Inc. (NYSE: MDC) has approved buying back up to an additional 1.35......
...MDC Holdings Inc., whose subsidiaries build homes under the name Richmond American Homes......
...Denver-based homebuilder MDC Holdings Inc. (NYSE: MDC) reported that it received 1,981 orders in......
...November home orders at M.D.C. Holdings Inc. (NYSE: MDC) dipped in Colorado from 173 last year to 147 this......
...MDC Holdings Inc. (NYSE: MDC), a Denver-based homebuilder, has sold $150 million......
...Denver-based MDC Holdings Inc., whose subsidiaries build homes under the name Richmond American Homes......
...MDC Holdings reported a 65 percent increase in October nationwide home orders. The......
...Denver-based M.D.C. Holdings (NYSE: MDC) reported third quarter earnings of $43.6 million, or $1.57......
...orders boomed in July for Denver-based M.D.C. Holdings Inc. (NYSE: MDC), increasing from 179 last year to 204. Nationally, the homebuilder......
...quarter net income at Denver-based homebuilder M.D.C. Holdings Inc. (NYSE: MDC) fell slightly to $34.3 million, or $1.22 per......
...Denver-based homebuilder M.D.C. Holdings (NYSE: MDC) reported that home orders in Colorado and the nation boomed in......
...Denver-based MDC Holdings Inc., whose subsidiaries build homes under the Richmond American label, Tuesday......
...Denver-based MDC Holdings (NYSE: MDC) reported that home orders jumped in Colorado last month......
...Denver-based MDC Holdings Inc. (NYSE: MDC), which builds homes under the name Richmond American......
...MDC Holdings Inc., whose subsidiaries build homes under the Richmond American Homes banner......
...Denver-based M.D.C. Holdings Inc. (NYSE: MDC), whose subsidiaries build homes under the name Richmond American Homes......
...Denver-based M.D.C. Holdings Inc. (NYSE: MDC) said it's buying the homebuilding operations of W.L......
...Orders for MDC Holdings homes in Colorado, built under the Richmond American Homes name, were......
...Denver-based homebuilder M.D.C. Holdings Inc. (NYSE: MDC) will have earnings per share "to exceed the high end......
...MDC Holdings Inc., a Denver-based company that builds homes under the Richmond......
...about the same for Denver-based homebuilder M.D.C. Holdings Inc. (NYSE: MDC), increasing from 295 last year to 296 this year. Nationally......
...largest builders is reporting quarterly numbers higher than a year ago. MDC Holdings Inc., which builds homes under the name Richmond American Homes, reported......
...M.D.C. Holdings' November home orders increased from...dipped from 466 to 457. MDC's Richmond American Homes is......
...MDC Holdings Inc., which builds homes under the Richmond American brand in several......
...MDC Holdings of Denver reported that the number of home orders dipped slightly......
...Denver-based MDC Holdings Inc., the parent company of Richmond American Homes, the Valley's......
...Denver-based M.D.C. Holdings Inc. said Thursday that its...the latest quarter in Colorado, MDC, whose subsidiaries build homes under......
...MDC Holdings Inc. reported April housing orders in Colorado were slightly higher than......
...Denver-based MDC Holdings Inc., owner of Colorado's largest home builder, Richmond Homes Inc......
...Denver-based M.D.C. Holdings Inc. filed on July 29 with the Securities and Exchange Commission its......
Richmond American Homes has agreed to spend about $80,000 to settle a four-year dispute with the U.S. Army Corps of Engineers over alleged wetlands......
...M.D.C. Holdings Inc. posted a $100.7...market. M.D.C. (NYSE: MDC), which builds under the Richmond......
...LBTYA) - up 30 cents at $28.83. M.D.C. Holdings Inc. (NYSE: MDC) - up 70 cents at $41.52. Molson Coors Corp. (NYSE......
...LBTYA) - down 14 cents at $28.53. M.D.C. Holdings Inc. (NYSE: MDC) - down 66 cents at $40.82. Molson Coors Corp. (NYSE......
...LBTYA) - up $1.05 at $28.67. M.D.C. Holdings Inc. (NYSE: MDC) - up $2.81 at $41.48. Molson Coors Corp. (NYSE......
...LBTYA) - down $1.25 at $27.62. M.D.C. Holdings Inc. (NYSE: MDC) - down $1.99 at $38.67. Molson Coors Corp. (NYSE......
...LBTYA) - down 13 cents at $28.87. M.D.C. Holdings Inc. (NYSE: MDC) - up $1.25 at $40.66. Molson Coors Corp. (NYSE......
...LBTYA) - down 78 cents at $29.00. M.D.C. Holdings Inc. (NYSE: MDC) - down $4.09 at $39.41. Molson Coors Corp. (NYSE......
...LBTYA) - up 26 cents at $29.78. M.D.C. Holdings Inc. (NYSE: MDC) - up $1.16 at $43.50. Molson Coors Corp. (NYSE......
...LBTYA) - down 33 cents at $29.52. M.D.C. Holdings Inc. (NYSE: MDC) - up $1.53 at $42.34. Molson Coors Corp. (NYSE......
...LBTYA) - up 19 cents at $29.85. M.D.C. Holdings Inc. (NYSE: MDC) - down $1.92 at $40.81. Molson Coors Corp. (NYSE......
...LBTYA) - down 36 cents at $29.66. M.D.C. Holdings Inc. (NYSE: MDC) - up 84 cents at $42.73. Molson Coors Corp. (NYSE......
...LBTYA) - down 25 cents at $29.32. M.D.C. Holdings Inc. (NYSE: MDC) - up $1.05 at $36.55. Molson Coors Corp. (NYSE......
...LBTYA) - up 12 cents at $29.57. M.D.C. Holdings Inc. (NYSE: MDC) - up 26 cents at $35.50. Molson Coors Corp. (NYSE......
...LBTYA) -- down 61 cents at $29.45. M.D.C. Holdings Inc. (NYSE: MDC) -- down 14 cents at $35.24. Molson Coors Corp. (NYSE......
...LBTYA) -- down 2 cents at $30.06. M.D.C. Holdings Inc. (NYSE: MDC) -- down 47 cents at $35.38. Molson Coors Corp. (NYSE......
...LBTYA) -- down 16 cents at $30.08. M.D.C. Holdings Inc. (NYSE: MDC) -- down $2.73 at $35.85. Molson Coors Corp. (NYSE......
...LBTYA) -- up 61 cents at $31.01. M.D.C. Holdings Inc. (NYSE: MDC) -- up 54 cents at $37.33. Molson Coors Corp. (NYSE......
...LBTYA) -- down 37 cents at $31.06. M.D.C. Holdings Inc. (NYSE: MDC) -- down 73 cents at $38.33. Molson Coors Corp. (NYSE......
...Investment & Management Co. (NYSE: AIM); Larry Mizel, chairman and CEO of MDC Holdings Inc. (NYSE: MDC); and Greg Maffei, president and CEO of Liberty......
...LBTYA) -- down 3 cents at $31.43. M.D.C. Holdings Inc. (NYSE: MDC) -- down $1.13 at $39.06. Molson Coors Corp. (NYSE......
...LBTYA) -- down 9 cents at $31.46. M.D.C. Holdings Inc. (NYSE: MDC) -- up 15 cents at $40.19. Molson Coors Corp. (NYSE......
...LBTYA) -- down 53 cents at $31.55. M.D.C. Holdings Inc. (NYSE: MDC) -- down 70 cents at $40.04. Molson Coors Corp. (NYSE......
...LBTYA) -- up 69 cents at $32.08. M.D.C. Holdings Inc. (NYSE: MDC) -- down 2 cents at $40.74. Molson Coors Corp. (NYSE......
...LBTYA) -- down 24 cents at $31.39. M.D.C. Holdings Inc. (NYSE: MDC) -- up 19 cents at $40.76. Molson Coors Corp. (NYSE......
...LBTYA) -- down 42 cents at $31.91. M.D.C. Holdings Inc. (NYSE: MDC) -- down $1.99 at $41.58. Molson Coors Corp. (NYSE......
...LBTYA) -- down 51 cents at $32.33. M.D.C. Holdings Inc. (NYSE: MDC) -- up 79 cents at $43.57. Molson Coors Corp. (NYSE......
...for Domino's pizza, Burger King and Volkswagen. The Toronto-based holding company MDC Partners Inc. (NASDAQ: MDCA) is majority owner of CP+B...
...LBTYA) -- down 55 cents at $32.84. M.D.C. Holdings Inc. (NYSE: MDC) -- up $1.18 at $42.78. Molson Coors Corp. (NYSE......
...LBTYA) -- down 61 cents at $33.39. M.D.C. Holdings Inc. (NYSE: MDC) -- down 17 cents at $41.60. Molson Coors Corp. (NYSE......
...LBTYA) -- up 96 cents at $33.96. M.D.C. Holdings Inc. (NYSE: MDC) -- up $1.41 at $41.05. Molson Coors Corp. (NYSE......
...LBTYA) -- down 58 cents at $33.00. M.D.C. Holdings Inc. (NYSE: MDC) -- up 80 cents at $39.64. Molson Coors Corp. (NYSE......
...Clean Water Act. Richmond is a brand owned by Denver-based MDC Holdings Inc. The four settlements were filed Wednesday in federal court in......
...LBTYA) -- down 55 cents at $33.58. M.D.C. Holdings Inc. (NYSE: MDC) -- down $1.95 at $38.84. Molson Coors Corp. (NYSE......
...LBTYA) -- down 92 cents at $34.13. M.D.C. Holdings Inc. (NYSE: MDC) -- up 71 cents at $40.79. Molson Coors Corp. (NYSE......
...LBTYA) -- down 39 cents at $35.05. M.D.C. Holdings Inc. (NYSE: MDC) -- down 76 cents at $40.08. Molson Coors Corp. (NYSE......
...LBTYA) -- down 64 cents at $35.44. M.D.C. Holdings Inc. (NYSE: MDC) -- down $1.63 at $40.84. Molson Coors Corp. (NYSE......
...LBTYA) -- down 3 cents at $36.08. M.D.C. Holdings Inc. (NYSE: MDC) -- up $1.01 at $42.47. Molson Coors Corp. (NYSE......
...LBTYA) -- up 61 cents at $36.11. M.D.C. Holdings Inc. (NYSE: MDC) -- down 66 cents at $41.46. Molson Coors Corp. (NYSE......
...LBTYA) -- down 49 cents to $35.50 M.D.C. Holdings Inc. (NYSE: MDC) -- up $1.46 to $42.12 Molson Coors Corp. (NYSE......
...LBTYA) -- up 14 cents at $35.99. M.D.C. Holdings Inc. (NYSE: MDC) -- up 3 cents at $40.66. Molson Coors Corp. (NYSE......
...LBTYA) -- down 11 cents at $35.85. M.D.C. Holdings Inc. (NYSE: MDC) -- down 45 cents at $40.63. Molson Coors Corp. (NYSE......
...LBTYA) -- up 30 cents at $35.96. M.D.C. Holdings Inc. (NYSE: MDC) -- up 13 cents at $41.08. Molson Coors Corp. (NYSE......
...LBTYA) -- down 38 cents at $35.66. M.D.C. Holdings Inc. (NYSE: MDC) -- up 40 cents at $40.95. Molson Coors Corp. (NYSE......
...LBTYA) -- up 62 cents at $36.04. M.D.C. Holdings Inc. (NYSE: MDC) -- up 86 cents at $40.55. Molson Coors Corp. (NYSE......
...LBTYA) -- up 3 cents at $35.42. M.D.C. Holdings Inc. (NYSE: MDC) -- down 94 cents at $39.69. Molson Coors Corp. (NYSE......
...LBTYA) -- up 25 cents at $35.39. M.D.C. Holdings Inc. (NYSE: MDC) -- down 57 cents at $40.63. Molson Coors Corp. (NYSE......
...LBTYA) -- down 9 cents at $35.14. M.D.C. Holdings Inc. (NYSE: MDC) -- down $1.73 at $41.20. Molson Coors Corp. (NYSE......
...LBTYA) -- down 21 cents at $35.23. M.D.C. Holdings Inc. (NYSE: MDC) -- down 99 cents at $42.93. Molson Coors Corp. (NYSE......
...LBTYA) -- up 4 cents at $35.44. M.D.C. Holdings Inc. (NYSE: MDC) -- down $1.01 at $43.92. Molson Coors Corp. (NYSE......
...LBTYA) -- down 6 cents at $35.40. M.D.C. Holdings Inc. (NYSE: MDC) -- down 52 cents at $44.93. Molson Coors Corp. (NYSE......
...LBTYA) -- up 72 cents at $35.46. M.D.C. Holdings Inc. (NYSE: MDC) -- up $1.55 at $45.45. Molson Coors Corp. (NYSE......
...LBTYA) -- down 24 cents at $34.74. M.D.C. Holdings Inc. (NYSE: MDC) -- up 58 cents at $43.90. Molson Coors Corp. (NYSE......
...LBTYA) -- down 2 cents at $34.98. M.D.C. Holdings Inc. (NYSE: MDC) -- up 66 cents at $43.32. Molson Coors Corp. (NYSE......
...Lennar, Miami; M.D.C. Holdings, Denver; Meritage, Scottsdale, Ariz.; NVR...one of four companies -- NVR, MDC and K. Hovnaian were the......
...LBTYA) -- down 33 cents at $34.88. M.D.C. Holdings Inc. (NYSE: MDC) -- down 30 cents at $42.28. Molson Coors Corp. (NYSE......
...LBTYA) -- dow $1.13 at $35.21. M.D.C. Holdings Inc. (NYSE: MDC) -- down $1.42 at $42.58. Molson Coors Corp. (NYSE......
...LBTYA) -- up 22 cents at $36.34. M.D.C. Holdings Inc. (NYSE: MDC) -- down $1.76 at $44.00. Molson Coors Corp. (NYSE......
...other lower-ranked companies K. Hovnanian of Red Bank, N.J.; MDC Holdings of Denver, Colo.; and Standard Pacific of Irvine, Calif. -- "make virtually......
...K. Hovnanian of Red Bank, N.J. (NYSE: HOV), Denver-based MDC Holdings (NYSE: MDC) and Standard Pacific Homes (NYSE: SPF). Many builders have......
...LBTYA) -- up 38 cents at $36.12. M.D.C. Holdings Inc. (NYSE: MDC) -- up 23 cents at $45.76. Molson Coors Corp. (NYSE......
...LBTYA) -- down $1.01 at $35.74. M.D.C. Holdings Inc. (NYSE: MDC) -- up 29 cents at $45.53. Molson Coors Corp. (NYSE......
...of Hillary Clinton's husband, former President Bill Clinton. The Democrats are holding the Democratic National Convention (DNC), their presidential nominating convention, at downtown Denver......
MDC FOUNDATION
The University of Colorado raised $125 million in fiscal year 2007, shattering its previous annual fundraising record by more than $32 million, university officials......
The University of Colorado raised $125 million in fiscal year 2007, shattering its previous annual fundraising record by more than $32 million, university officials said Wednesday.
Previously, the best fundraising year in the school's 131-year-old history was 2000, when donors gave $93 million.
The fundraising total includes gifts to the University of Colorado Foundation -- which accounted for about three-quarters of the total -- as well as to the CU Real Estate Foundation and directly to the university.
"Setting this record shows the renewed confidence our donors and alumni have in CU's world-class faculty, researchers and educational experience," CU President Hank Brown said in a statement.
Notable gifts include:
In addition, The ALSAM Foundation recently committed $10 million to assist with the construction of a new $42 million Skaggs School of Pharmacy and Pharmaceutical Sciences building on UCDHSC's Anschutz Medical Campus. It is the largest gift ever to the School of Pharmacy.
The CU Foundation's annual student outreach calling program to alumni and parents has also seen a significant increase in donations, which are up 24 percent (to $1.1 million) in pledges and employer matching gifts over the same period last year.
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David Getches, dean of the University of Colorado School of Law
School, today announced the MDC/Richmond American Homes Foundation
will donate $1 million to ...
lawweb.colorado.edu/news/showArticle.jsp?id=350 - 35k - |
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Million Dollar Charity Foundation: Giving everyone a chance
to beat drugs.
www.mdcfoundation.org/ - 1k - |
|
Founded on a personal conviction to make a difference, the
newly-formed MDC Foundation will give aid to those seeking
information and financial assistance ...
www.mdcfoundation.org/news.html - 8k - More results from www.mdcfoundation.org » |
MDC Partners Inc. is a leading marketing communications firm that owns interests in roughly 20 marketing agencies. MDC operates more than 30 offices, serving high-profile clients such as AOL, Sprint, Xerox, and Purina. The company generally acquires between 51 percent and 80 percent of advertising agencies, giving each agency control over the day-to-day operation of its business.
Origins
The history of MDC was the story of the entrepreneurial ventures and diverse investments made by Miles Nadal, MDC's founder, chairman, chief executive officer, and president. Nadal exerted comprehensive influence over the development of MDC, guiding the company through a divergent corporate life that saw a small photography business develop into a leader in the secure transaction business before becoming an entity charged with overseeing dozens of loosely affiliated marketing agencies. MDC, as it existed in the early 21st century, represented the former communications and marketing division of MDC Communications Corp., a company that garnered the bulk of its revenues from the secure transaction business for most of the 1990s. The individual behind the various incarnations of the MDC enterprise was Nadal, who started his maturation into a multimillionaire in 1980, when he formed a photography business while in his early 20s.
Nadal joined Canada's wealthy elite by turning his photography business into a leader in the secure transaction business, a rise that did not begin until the mid-1990s. During the mid-1990s, Nadal's company was operating as MDC Communications Corporation, which was divided into two divisions: secure transaction products and communications and marketing services. The secure transaction products division recorded exponential growth during the second half of the 1990s, increasing its sales from CAD 39 million in 1995 to CAD 361 million by 1998. The division, which produced products such as checks, credit and debit cards, airline and event tickets, and postal stamps, achieved its revenue growth in large part through acquisitions, although the company recorded substantial internal growth, particularly in its check-producing business. In 1996, MDC acquired Canadian check producer Davis + Henderson, which boasted a 40 percent share of the country's market. During the ensuing two years, the company doubled Davis + Henderson's revenues and its market share. MDC's secure transaction division also made other ground during the mid-1990s, entering the global card services business in 1996 with the acquisition of an Australian company named Placard Security Pty Ltd. The following year, the company acquired a Canadian company, Bicybec Ltee, and the card-production unit belonging to Canadian Imperial Bank of Commerce. Further expansion of MDC's secure transaction business occurred in 1996, when the company acquired Data Imaging, an electronic printing and mail service bureau catering to financial institutions and the retail industry.
The growth of MDC's secure transaction business was complemented by strides achieved in the company's other business segment, its communications and marketing services division. While MDC's secure transaction division increased its revenue volume, the company's communications and marketing services division was recording growth as well, eclipsing the CAD 100 million mark in 1998, when the division was renamed Maxxcom Inc. The name change was significant, signaling Nadal's intention to spin the division off as a separate, publicly traded company in the near future. The division, which recorded a CAD 35 million increase in sales to slip past CAD 100 million in sales in 1998, had been built up in large part in Canada by this point. Nadal had purchased roughly a dozen Canadian marketing companies to give the division its foundation. The exceptions to the native profile of the division arrived in 1998, and they were telling additions. Although his plans were not publicly broadcast by 1998, Nadal intended to create a network of advertising agencies and marketing companies with a global reach. He began to aim toward this goal in earnest in 1998, and he directed his efforts toward the United States.
Entering the United States in 1998
MDC's foray into the United States reflected Nadal's desire to build a global competitor in the advertising and marketing industry. The company completed its first U.S. acquisition in May 1998, when it purchased a Portland, Oregon-based Internet marketing firm named CyberSight. MDC also acquired Source Marketing, a Westport, Connecticut-based sales promotion firm. The most significant acquisition of the year was the company's investment in a New York City-based consumer agency named Margeotes/Fertitta & Partners (MFP). MFP's clients included MediaOne, United Distillers & Vintners, and Hearst Corp. The acquisition represented MDC's foundation for its aggressive expansion into U.S. marketing communications.
The investment in MFP was a model of Nadal's acquisition strategy in the United States. Although MDC did not disclose the amount of the investment, industry observers estimated the company spent between $25 million and $35 million for an 80 percent stake in MFP. In the years ahead, MDC typically purchased between 51 percent and 80 percent of an acquisition target. Once its investment was made, the company left the day-to-day operation of the acquired agency to the firm's executives, who generally retained a stake in their business's profitability. Nadal's hands-off approach created a loose and mostly autonomous collection of marketing firms, a federation of agencies that occasionally referred clients to each other but otherwise operated independently. MDC, as Maxxcom's owner, represented what ADWEEK, in the trade publication's March 22, 2004 issue, referred to as an "antiholding company," an arrangement that promoted creativity and encouraged an entrepreneurial spirit throughout the organization. "Large holding companies go at it in a backwards manner," an industry analyst remarked in a March 22, 2004 interview with ADWEEK. "They buy a company and focus on cost cutting. Miles [Nadal] buys a company and focuses on expanding revenue."
Nadal's partnership model appealed not only to industry pundits, but also to the management of acquisition candidates. Agency owners generally readily agreed to Nadal's solicitations, attracted by the independence they would retain and the access to financial resources they would gain by affiliating themselves with MDC's Maxxcom. In 1999, when MDC changed its name from MDC Communications Corp. to MDC Corporation Inc., Nadal completed his next major U.S. acquisition. In April, he paid an estimated $19 million for an 80 percent stake in Colle & McVoy Inc. (the remaining percentage was acquired later). Founded in 1935, Minnesota-based Colle & McVoy provided advertising, public relations, market research, and other services to clients such as 3M Co., Caterpillar, and Winnebago. The reaction of Jim Bergeson, Colle & McVoy's chairman and chief executive officer, typified the response of executives whose agencies joined Maxxcom's fold. "It was appealing to us from a standpoint that MDC is truly a holding company," Bergeson explained in an April 1, 1999 interview with Business Marketing. "They don't want to run our business on a day-to-day basis. They're very hands-off. Their model of perpetual partnership is unique in the industry. It's a much more appealing way to get access to capital that we need to grow our business."
As MDC concluded its second decade of existence, its Maxxcom division was shaping into the company's most valuable asset, although the company continued to generate the majority of its revenue from its secure transaction division. The acquisition of Colle & McVoy was one of seven acquisitions completed by Maxxcom in 1999, helping the division to more than double its revenue volume during the year to CAD 214 million. The gap separating the two divisions' revenue totals promised to narrow in the near future, as Nadal placed increasing emphasis on acquiring marketing and communications companies. "We will look in Europe," Nadal said in an April 1, 1999 interview with Business Marketing, referring to the company's search for acquisition candidates in the marketing field. "We will look in Asia. We will look in Latin America. We will look in Eastern Europe."
Nadal's expansionist mood reflected the importance he was placing on Maxxcom's role within MDC. The communications and marketing division was driving the company's revenue growth at the start of the new decade. MDC surpassed CAD 1 billion in sales for the first time in its history in 2000, a year that also marked the first time the company generated more revenue from communications and marketing services than from secure transactions. For the year, Maxxcom recorded CAD 605 million in sales, while the secure transaction division posted CAD 561 million in sales. During the year, Maxxcom acquired nine companies, most notably a London, England-based company named Interfocus Network Limited. The year's most significant event occurred in March, when Maxxcom completed its initial public offering (IPO) of stock, raising CAD 62.4 million from the offering. After the IPO, MDC remained Maxxcom's majority owner, retaining a 76 percent interest in the company.
Restructuring in 2001 Increasing the Role of Marketing Communications
MDC was beset by difficulties in the wake of Maxxcom's IPO. Recessive economic conditions caused a slowdown in the advertising, marketing, and communications sector throughout North America. Further, the company was hobbled by more than $500 million in debt, a consequence of its aggressive acquisition campaign. Nadal stopped his acquisition activities in the fall of 2001 and initiated a companywide restructuring program that greatly reduced MDC's involvement in the secure transaction industry, but before he retrenched his acquisition campaign, several significant investments were made. During the first half of 2001, Maxxcom acquired a majority interest in Grange Advertising, ranked as one of the leading five business-to-business agencies in the United Kingdom. Maxxcom also invested between $10 million and $15 million for a 49 percent interest in a well-known, Miami, Florida-based advertising agency named Crispin Porter + Bogusky (CP+B).
Nadal began to restructure MDC in September 2001, when the company's stock plunged to below CAD 2 per share. As part of the restructuring efforts, MDC's check-printing businesses were divested, greatly reducing the revenue obtained from its secure transaction division. Another aspect of the restructuring program involved the privatization of Maxxcom, a process completed in July 2003, when MDC acquired all the Maxxcom stock it did not already own. By the end of 2003, the company was ready to begin building again, with Nadal announcing that he was prepared to invest $100 million in the advertising business. The promise to expand was fulfilled in early 2004, when the company, which adopted the name MDC Partners Inc. in January 2004, completed several high-profile acquisitions.
The investments completed in 2004 greatly expanded the awareness of MDC in the United States, leading Nadal to comment in a March 22, 2004 interview with ADWEEK that MDC "took 24 years to build and six months to get recognized." After several months of negotiations, MDC spent between $50 million and $75 million for a 60 percent interest in Kirshenbaum Bond +Partners (KB+P), a firm that an MDC executive referred to as "one of the two best independent agencies of significant size left in America," as quoted in the February 2, 2004 issue of ADWEEK. The New York City-based agency claimed more than $500 million in billings and nearly $50 million in annual revenue, serving clients such as Target Stores, Snapple, and Hennessey. While the deal with KB+P was being concluded, Nadal was in the midst of negotiations with another high-profile agency, Cliff Freeman and Partners. MDC spent between $3 million and $5 million for a 20 percent stake in Cliff Freeman, completing the deal in March 2004.
By the spring of 2004, MDC's prospects were far brighter than two years earlier. The company's stock value had increased significantly, trading around CAD 20 per share in April. Additional investments were expected in the future, as Nadal sought to fulfill his pledge of devoting $100 million to fuel MDC's growth. In the March 22, 2004 issue of ADWEEK, a research analyst expressed his confidence in MDC enjoying a successful future. "The Procter & Gambles and DaimlerChryslers of the world are always going to want and need a global network like the big guys," the analyst said. "There is plenty of business for MDC to win on a slightly smaller scale, and that's where they are focused right now."
Principal Subsidiaries: Maxxcom, Inc.
Principal Competitors: Omnicom Group Inc.; Havas; American Banknote Corporation.
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