DENVER-Word on the street is that Denver-based Cherokee Investment Security is the successful bidder for Gates Rubber Co.'s 50 acres near the CBD. Gates isn't saying who just yet, but acknowledges it's talking with just one party. Inside sources insist it's Cherokee.

ASPEN, CO-The upscale Aspen Club Lodge lands a new owner and management company, a move coming shortly after completion of a $2-million renovation. Northridge Capital has bought the property from IRG Aspen LLC. The deal puts Kimpton Hotel and Restaurant Group in as manager.

LONE TREE, CO-The popular Krispy Kreme has gotten a full-fledged welcome from doughnut lovers, who had lined up nearly three hours before the doors had been unlocked. The $2.5-million location is in a high-traffic area near Park Meadows Mall.

DENVER-United Artists had been poised for a year 2000 loss so it came as no surprise when bean counters' calculations tallied $126.3 million. But things are looking better now that billionaire Philip Anschutz is in control.

DENVER-A $105,000 study shows retailers have overlooked a profitable venue in Denver's poorer neighborhoods. An estimated $298 million is spent annually, the bulk of which goes into pockets of out-of-neighborhood retailers.

GLENWOOD SPRINGS, CO-Municipal workers in Glenwood Springs will be getting some needed space. The city is undertaking a $6-million municipal building, ticketed for a late summer 2002 delivery. City workers now doing jobs out of closets and a windowless basement.

DENVER-American Furniture Warehouse is getting a new neighbor. Transwestern and MONY Real Estate are partnering on a 31-acre site in northern Douglas County. Brokers have pegged the completed value upward of $42 million.

DENVER-Wingstop Restaurants, based in Dallas, is flying high with an expansion that has 42 stores under development in seven states. And, the restaurateur has picked up another four with a Colorado franchisee.