Prison contracts need to prioritize outcomes rather than occupancy levels
Across the United States, states are re-assuming control over prisons previously managed by private companies. Recently, Oklahoma State completed the acquisition of the Lawton facility for $312 million, effectively ending its last private prison contract. Meanwhile, New Mexico is in the process of phasing out its final private prison after 27 years. In Texas, plans […]
Falling enrollment leaves 150 Chicago schools with low occupancy
Decline in Enrollment Leaves Chicago Schools Half-Empty A recent report indicates a significant drop in student registrations in Chicago, affecting about 150 schools which are now operating below capacity. Various sources highlight that 47 schools operate at less than a third of their potential capacity, yet they continue to incur high costs and have limited […]
Ten dead animals found in Long Island hoarder home unfit for human occupancy
Long Island women say police have found other abused things, hardcore drugs in a house filled with 10 dead pets, 20 abused pets and shit stabbing officers' eyes. After discovering it, it was cuffed. Entering Saturday in Kazandra Nukushi, 42 Kings Park residents, Suffolk County SPCA officials discovered nine dead sugar glider possums and snakes. […]
Hudson Yards skyscraper The Spiral lands five new tenants to lift occupancy above 80%
The Spiral has been a favorite Realty Check story since August 2017, when it was first reported that Pfizer would be the anchor of the Tishman Speyer Tower. Its strong draw, further bolstered by the ZO Clubhouse amenity center with its top-floor open-air terrace, has subsequently attracted other high-profile tenants including HSBC, Debevoise & Plimpton […]
REBNY data shows healthy office occupancy, nearing pre-pandemic levels
Never mind the predictions of foreclosures and ruin: The New York Association of Realtors’ latest office building “visit” analysis paints a less bleak picture of the endlessly discussed and debated commercial real estate market. Attendance at Manhattan offices continues to recover slowly as more companies have encouraged employees to return to their desks over the […]
Eclipse tourism sends short-term rental occupancy rates soaring
Niagara Region President Jim Bradley joins Kabuto: Coast to Coast to discuss regional preparedness and the economic impact of eclipse observers. Americans traveling to areas near the total route on Monday solar eclipse Occupancy rates for short-term rental properties are skyrocketing, according to a report from rental tracking company AirDNA. According to NASA plans, the […]
San Francisco mall loses fifth store this month, occupancy dips to 25%
The battered San Francisco Center has lost another store, closing for the fifth time in the last month, leaving the mall at just 25% occupancy. Clothing brand Madewell announced the closure in San Francisco's largest, sprawling Union Square mall, posting on its website Monday that it would be closing the outpost. Madewell's closure comes after […]