Recent transactions bring 2 Park Ave. to 90% occupancy
New Developments at 2 Park Avenue A prewar property spanning 1.2 million square feet has been leased since Hudson Realty acquired 2 Park Avenue from Morgan Stanley for $360 million last year. This purchase was actually 31% below what Morgan Stanley paid in 2007. The recently inked agreement leaves the 165,000+ square foot building with […]
Occupancy map of Third Street Promenade shows all store closures
A product designer from Santa Monica is bringing to light some numbers that many residents have sensed for a while. About 30% of the shops on Third Street Promenade are currently unoccupied. An interactive map has been created to show the occupancy rates in the area, but the findings aren’t encouraging. With a vacancy rate […]
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. […]