A hub for independent voices and hard truths
An empty 16-story office building at 995 Market Street in San Francisco recently sold for a mere $6.5 million. This price represents a staggering 90% plunge from its 2016 value of $62 million. The building, which was once home to Burning Man headquarters and later occupied by WeWork, has faced significant challenges in the city’s struggling office …
An urgent urgent health warning has been issued after cases of a potentially lethal infectious disease were detected in Britain. Invasive meningococcal disease has been traced to people returning from Saudi Arabia. An urgent urgent health warning has been issued after cases of a potentially lethal infectious disease were detected …
It’s quite an unusual move! Swiss bank UBS, along with its brokers at JLL, has listed a nearly 1 million-square-foot Midtown office building at 135 West 50th Street for sale on the online auction platform Ten-X. Here are the key details: Building: The 920,000-square-foot property is a Class A building constructed in …
It appears there’s significant activity in Washington, D.C.’s trophy office building market. Let me break down some recent developments: 1099 New York Avenue, NW: This iconic trophy office building, located just four blocks from the White House, was recently sold for $95 million. It’s a 180,878-square-foot, 11-story building with floor-to-ceiling windows, average floor plates …
E184: in conversation with @realDonaldTrump, live on @X (0:00) bestie intros: big house talk! (1:37) economy: regulation, taxes, tariffs, taming inflation, de-dollarization (12:02) federal debt: growth, spend control, where to cut, role of energy, nuclear (20:22) foreign… pic.twitter.com/Z7JF7FRQYU — The All-In Podcast (@theallinpod) June 20, 2024
by confoundedinterest17 I can’t wait to get back where we started from. In terms of the economy. And the CRE office market is showing disaster. San Francisco office market availability rates have soared in Q1 2024 to over 35%, up from less than 10% in Q1 2019. Welcome to The Streets of San …
Its almost like government spending is directly tied to inflation. The inflation rate in Argentina has fallen for its 5th straight month: 25.5% when Milei took over. 4.2% now. pic.twitter.com/6UF52UnbYe — End Wokeness (@EndWokeness) June 14, 2024 They actually came up with the idea that lowering inflation is bad because …
The landscape of US commercial real estate (CRE) is facing unprecedented challenges, with prices plummeting 21% from their 2022 peaks. The latest figures reveal a staggering milestone: the US office vacancy rate has surged to a historic high of 19%, eclipsing levels observed during the financial crises of 2008 and …
But the stock market broke 40,000! Inflation flattens Americans’ wealth gains under Biden: report The move was widely expected after the PBOC left another medium-term facility rate unchanged last week. Both rates were kept at record lows, as Beijing sought to shore up economic growth by keeping local monetary conditions …
Walmart cutting hundreds of corporate jobs, asking remote workers to return to office Walmart is about to have hundreds fewer people working in corporate offices, and remote workers are being asked to return to offices, the Wall Street Journal reported Monday. The U.S. retailer is asking workers at offices in …
USPS just announced a 25% hike in shipping. That is inflationary. That is shipping and logistics… Ok Jerome Powell, what sort of BS is the @federalreserve going to shovel today? — Ann Vandersteel™️ (@annvandersteel) May 14, 2024 WASHINGTON (Reuters) – The U.S. Postal Service on Friday said it is seeking …
Disgraced former National Security Adviser Michael Flynn revealed that he had been served with eight subpoenas in one night in what he said was an effort to keep Donald Trump out of office. During a Thursday interview with right-wing host Steve Bannon, Flynn insisted that there was “no way in …
by confoundedinterest17 I said over and over again, Bidenomics will be a drag. Larger cracks are appearing in the US commercial real estate market at a time when uncertainty around the regional bank industry flashes red. The latest report from real estate data provider ATTOM shows CRE foreclosures topped 625 in March, …
Calexico has voted to oust the first transgender mayor in California in a long awaited recall vote as the politician blames transphobia for the decision. Mayor Raul Ureña, 26, identifies as a transgender woman and prefers she/they pronouns. Ureña was elected into office in 2020 at the age of 23 …
Here is a look at delinquency’s. Full disclosure 2009 was 8% delinquent. pic.twitter.com/ckwMsvdw0R — Nathaniel Frank (@Nathaniel8Frank) April 19, 2024 This new record-high vacancy rate is 50 basis points "above the recessionary peaks recorded in 1986 and 1991," an analysis published by Moody's revealed. Read more: https://t.co/f3HLlsWwT4 — unusual_whales (@unusual_whales) …
These numbers are so large & offices cost so much to maintain & lease up I have no idea if they will ever make $ no matter how much discount they get. It really is the worst asset class IMO, and I've held that opinion pre-pandemic. It's just a prestige …
The precipitous decline in the value of a prominent Class A office tower, 750 Lexington in NYC, sends shockwaves through the commercial real estate sector, with Morningstar reporting an alarming 83% decrease in valuation since 2015. The transfer of a $130M loan tied to the building into special servicing due …
JUST IN: Another Washington DC office building has just sold at a massive ~75% discount to what it last sold for The 175k sq ft tower at 1101 Vermont Ave sold for $16M The building last sold for $60M in 2006 The assessment value in 2018 was $72M in 2018 …
Notably, commercial real estate delinquency rates have been on the rise, with a large contributor being office real estate. The RTO company mandates have not brought occupancy levels back to where they were previously: https://t.co/afY0mHeh88 — Reef Insights (@ReefInsights) March 19, 2024 Rising delinquency rates in commercial real estate present …
via Mike Shedlock The CRE implosion is picking up steam. Check out the grim stats on Pittsburgh. Unions are also a problem in Pittsburg as they are in Illinois and California. Downtown Pittsburgh Implosion The Post Gazette reports nearly half of Downtown Pittsburgh office space could be empty in 4 years. …
BREAKING INSIDE THE PENTAGON: Associate Director in the Office of the Secretary of Defense says, “Why not just have an open border?” “Tear down the wall.” “I think we should repeal the Second Amendment and take the guns all away!” says Jason Beck, who has a classified security… pic.twitter.com/QSuXmgQAPz — …
The new Anchorage office of the Alaska Permanent Fund Corporation, located just across from the Memorial Park Cemetery on Cordova Street, should be shut down to save about $170,000, according to draft budget language moving through the Legislature. The proposed intent language from lawmakers is aimed directly at the trustees …
After January’s surprised upside shift, expectations have been adjusted up over the last month for another sizable MoM move in headline CPI. But that was not enough as the 0.4% MoM rise in the headline (as expected – highest since August) lifted CPI YoY up to +3.2% (hotter than the 3.1% exp)… Source: Bloomberg The 3-month …
A car rammed into the Chinese Royal Palace where Xi Jinping’s main office hall and residence are located An unknown individual attempted to use a vehicle to forcefully enter the main office hall and residence of Xi Jinping within the Chinese Royal Palace in Beijing, China. The driver was quickly …
Erdogan declared he would no longer run for office. According to the law, this month’s local council elections will be my last. As a result, my brothers and sisters who will follow me will inherit the inheritance. — President Erdogan of Turkey Erdogan declared he would no longer run for …
New York during the inflationary surge of the late 70s and early 80s was a mythical place where one could purchase a Park avenue penthouse for $1 (while assuming the copious debt, of course). Now, thanks to the brutal bear hug of the highest interest rates in 40 years and …