Billions Wasted on Leasing Empty Buildings
According to Sen. Rand Paul's (R-Ky.) annual Festivus Waste Report, the government wastes $10 billion maintaining, leasing, and furnishing vacant buildings. This year, Paul highlighted over $1 trillion in government waste, including “an ice-skating drag queen, a $12 million pickleball facility in Las Vegas, $4,840,082 on a Ukrainian influencer, and more.” “It's included!” “No matter […]
Biden Admin Bans Future Leasing In Top Coal Mining Region On Thanksgiving Eve
On the eve of Thanksgiving, the Biden administration took action to ban future coal leasing in the Powder River Basin, one of the most coal-rich regions in the United States, according to multiple reports. The Powder River Basin, which spans parts of Montana and Wyoming, accounted for about 43% of U.S. coal in 2019. According […]
Brookfield taps leasing giant JLL to find tenants for nearly full Manhattan West towers
Brookfield Properties, with most of its three largest office towers leased for rents well above $100 per square foot, is building a 700-storey building between East Pennsylvania Station and its affiliate Hudson Yards. The world doesn't seem to care about million square feet of development. To the west. Still, leases don't last forever, and there […]
NYC retail leasing shows signs of rebound after COVID carnage
It may be too early to pop the champagne cork, but Manhattan's massive retail leasing industry is showing strong signs of ending the pandemic carnage. Even before anyone had heard of COVID-19, online shopping reduced demand for brick-and-mortar stores by perhaps 10%. The lockdown made things even worse. Readers of this column know that we […]
Manhattan DA opens probe into Adams admin’s leasing of commercial properties tied to possible bribery: report
The Manhattan District Attorney's Office has launched an investigation into City Hall's commercial real estate lease for possible bribery, according to reports. This latest investigation, elements of which have been previously reported, is the fifth criminal investigation into Mayor Eric Adams and his inner circle. As part of the Manhattan DA's investigation, Adams' right-hand woman, […]
Leasing a car more popular, high-credit consumers choosing to lease more than 30% of the time
Borrowers with good credit scores choose to lease more often than those with poor credit scores. (iStock) With car prices rising since the peak of the pandemic, many drivers are likely buying cars on leases rather than loans. Experian’s State of the Auto Finance Market Q1 Report. Borrowers with higher credit scores are more likely […]
Island Territory of Anguilla Makes Millions from Leasing .ai Domain Name
The tiny Caribbean nation of Anguilla has found a lucrative side business by encouraging artificial intelligence (AI) companies to use the country’s “.ai” domain code for their websites. Officials in Anguilla, a British overseas territory about 230 miles east of Puerto Rico, are boasting that the tiny island’s revenues have “exponentially” increased after selling domain […]
Ex-WeWork space converted into first NYC site for flexible leasing firm The Square
The former WeWork floor at 205 Hudson St. in Hines will remain as a co-working space, but with a different business model and some sections will be redesigned. Hines, which owns the boutique office tower in a joint venture with Trinity Church Wall Street and Norges Bank Investment Management, has converted 63,000 square feet of […]
Biden Admin Releases Robust Leasing Schedule For Struggling Green Industry After Issuing Restrictive Oil And Gas Plan
The Biden administration unveiled a plan Wednesday to hold up to a dozen offshore wind leases over the next several years as the industry struggles to cement itself in the U.S. The Department of the Interior (DOI) announced its five-year schedule for offshore wind leasing, which envisions lease sales for plots in the Atlantic, Pacific, […]
Kristi Noem Signed Law Exempting Massive Chinese Communist-Linked Company From Land Leasing Ban
Republican South Dakota Gov. Kristi Noem earlier this month banned companies based in six hostile countries, including China, from owning or leasing agricultural land in the state, including carve-outs of major Chinese-owned employers. signed the bill. of law The bill included a provision that would allow Smithfield Foods to continue leasing land in South Dakota […]