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CHARLOTTE- Fourth-quarter core revenues for the telecommunications firm amounted to $30.5 million, a 16% increase over the third quarter. For all of 2000, core business revenue rose to $101.8 million compared to $53.5 million for the year before.
COLUMBUS, GA-Hobby Lobby is entering the Columbus market with a 10-year lease on big-box space vacated by Home Quarters more than a year ago. The lease marks the sixth HQ store Hobby Lobby has used to move into a market.
KANSAS CITY-Rezoning of the Central Industrial District for lofts is met with opposition. However, other property owners favor plans by 3rd Millennium Developers to develop 34 lofts in a used tire warehouse.
BOSTON-The head of the convention center being developed here in South Boston is reportedly on his way out. Sources close to the project confirm for GolbeSt.com that Walter Upton will be off the project soon.
DENVER-Vicorp Restaurant stock has surged with a recent $174 million in cash offer to buy out the 256-eatery portfolio. The purchaser is an investor group that wants to take the Denver-based restaurateur private.
BOSTON-Industry sources confirm for Globest.com that Verizon Communications will be subletting between 200,000 sf to 350,000 sf of space here downtown. This substantially increases the vacancy rate here.
LOS ANGELES-GlobeSt.com has learned that city officials may have asked for bribes from developers in the Inland Empire community of Ontario to speed up approval process.
LYON TOWNSHIP, MI-Two Lyon Township properties are used as collateral to secure a $1.4-million fixed-rate loan for the company. The loan is placed through First Federal of Michigan by the Farmington Hills, MI-based company.
NEW YORK CITY-Insiders said it wasn't supposed to play out this way, but GlobeSt.com has learned from sources close to the deal that Vornado will enter into 20-day negotiation period with Port Authority board for 99-year leasehold.
TROY, MI-The engineering firm transfers its corporate headquarters from Dayton, OH to a site at 560 Kirts Blvd. A renovated building houses corporate headquarters functions.