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SAN FRANCISCO-The 451,300-sf, 27-story class A office building is owned by US Property Fund GmbH & Co. Major tenants of the fully-leased development include Delta Dental and Young & Rubican.
MINNEAPOLIS- AMB Insitutional Realty sells Manhattan Village to Madison Marquette. Madison bought 424,000-sf of the center's 551,847-sf, which excluded the Macy's store and an adjacent office complex.
AUSTIN-Boxx Technologies has relocated its corporate headquarters into more than 12,000 sf at the Kaleido II building, 9390 Research Blvd. plus has plans to double its executive staff. The digital video manufacturer has added some Hollywood power players to its client roster, including MTV Network.
BOSTON-Charles E. Smith Residential Realty Inc., an urban multifamily REIT, reports FFO of $0.94 per diluted share for the quarter ended September 30, a 13.3% increase over the third quarter of 1999.
LIVERMORE, CA- Located along the 580 corridor, construction of the four-building Copper Hill Business Park is expected to break ground in the beginning of next year. As things stand currently, the first three buildings have already been approved by the Planning Commission, with final approval of the last building expected by January.
REDWOOD CITY, CA-Corrigo, a locally-based provider of software tools to the online commercial real estate community, will use its software to assist Boston-based Brickwire in connecting owners and managers with tenants over the Internet.
ORLANDO-Developer David A. Siegel says the 24-year-old, six-acre dirt at his Mystery Fun House on Major Boulevard, across the road from the front door of Universal Orlando, is becoming too valuable to keep as a second-tier attraction. The parcel has been appraised at $550,000 per acre or $12.63 per sf.
DENVER-Another high-speed alliance unveils for the real estate world. Rhythms NetConnections and the newly formed Firetap Communications, a venture backed by the National Association of Realtors, will be providing customized B2B broadband services to the industry
ATLANTA-A November ground-breaking is scheduled for the first phase of the planned one million-sf Northwest Landings Commerce Center, an 80-acre venture in the Town Center/Kennesaw market in metro's northwest quadrant. The estimated hard construction cost is $75 million.