CRIPPLE CREEK, CO-A subsidiary that showed a $217,000 profit in the third quarter of 2000 posts a $31,000 this year. Net income falls to $687,000, or $0.05 per share.

DENVER-Gross proceeds are up 4% in October, with experts explaining gamblers in this state tend to drive to gaming venues, rather than fly to those in Las Vegas and Atlantic City.

DENVER-The dark cloud on the horizon is the 15.6% vacancy rate in R&D/flex space, notes Grubb & Ellis, particularly in the Southeast and Northwest submarkets. Also, an uptick in sublease space is cause for concern.

PHOENIX-The 420-unit Bay Club Apartments in north Phoenix is bought by a Denver-based group that creates and preserves affordable housing, which is in short supply throughout the state. Public and private entities provide financing.

DENVER-Condominium sales at Swallow Hill and other upper-end developments follow the NASDAQ, opines Grey Star Development managing partner Don MacKenzie. Sales were unaffected by Sept. 11, he adds.

DENVER-The $50-million pilot training center in Gateway Park near Denver International Airport will be school for Air Wisconsin and Frontier Airlines pilots beginning next June. The two airlines will be anchor tenants.

COLORADO SPRINGS, CO-The 152-unit multifamily rental complex gets financing in spite of a high percentage of US Army personnel from nearby Fort Carson through Uniondale, NY-based Arbor Commercial Mortgage LLC.

PHOENIX-The 13,300-sf building occupied by Epsilon Technology Inc., a subsidiary of ASM International N.V., is funded by Manulife Financial on behalf of the Douglas Allred Co. L.J. Melody Co. arranges financing.