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RALEIGH, NC-Though total revenues were down for Highwoods Properties in 2000, the company saw its FFO increase 12.8% in the fourth quarter, to $64.2 million compared to $61.1 million in fourth quarter 1999.
SACRAMENTO-In trade for $35 million in new financing to keep its boat afloat, Wavve is joint venturing with the New York City-based credit tenant lender that will acquire and build out 10 Internet data centers throughout the U.S.
MINNEAPOLIS-The Twins, Vikings and University of Minnesota football team want new facilities. Gov. Jesse Ventura wants to "reconcile and balance the public interest with the competing private interests on this contentious issue.
SAN FRANCISCO-Greenwich Capital Markets has hired executives from Merrill Lynch and Donaldson Lufkin Jenrette to bolster its San Francisco operations. "Our clients will continue to have seasoned professionals offering the most innovative solutions," says Greenwich managing director Ryan Mullaney.
AUSTIN-A state capital-based logistics provider sees the need to be in the southeast submarket, which is piquing the interest of tenants and developers. MSAS N. American Logistics reportedly is the first tenant in the newly completed 150,000 sf Expo VII.
ANN ARBOR, MI-The national pizza firm needs more space, but has no firm plans to move out of its namesake 185,000-sf office complex here. The company denies it's moving into a new 200,000-sf office development across the street.
ASPEN, CO-The Ritz-Carlton is getting all decked out for its grand opening Saturday. The time-share venue serves as the centerpiece to a $230-million, mixed-use development by Houston-based Hines Resort Development.
AVENEL, NJ-Siclare Corp. will relocate all three of its divisions to Murray Construction Co.'s 32,000-sf building in a transaction arranged by SBWE. The new tenant supplies specialty products to tri-state area businesses.