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Bikeguy

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Posts posted by Bikeguy

  1. https://www.nytimes.com/2023/04/25/nyregion/office-landlords-nyc.html

     

    "

    Large banks like JPMorgan Chase and Wells Fargo have increasingly warned that a heap of commercial loans are coming due by the end of 2025 — estimated to amount to $1.5 trillion nationwide — and that the companies may struggle to repay or refinance them.

    Shares of SL Green and two other publicly traded office landlords in the city, Vornado Realty Trust and Empire State Realty Trust, are all trading near their lowest level since the pandemic started.

    SL Green’s stock has fallen 76 percent since early 2020. Vornado is trading at its lowest territory since 1996. Empire State Realty, which owns the Empire State Building, is near its record low. Collectively, $17 billion of their market value has been erased since the pandemic started.

    “All three of them are office-centric, all three of them New York City-centric,” Mr. Van Nieuwerburgh said. “Those are the stocks, the office stocks, that have been clobbered. It’s staggering.”"

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  2. On 12/11/2022 at 1:52 PM, LKN704 said:

    CLT-CDG has been loaded. Flight runs from 1 June through 13 August with a 772...an extremely short season given it used to run from April through the end of October.  I'm guessing they are playing it safe with the August end date and can always extend the season depending on how bookings play out. 

    Same flight number as it used to have...786/787. 

     

    Late Summer in France is absolutely miserable.  

  3. On 10/25/2022 at 11:24 AM, tarhoosier said:

    It was another dealer of another American make before Cadillac but I cannot recall whom or which. All moved to the outer areas of the city as downtown became uptown and other uses prevailed. I bought a used 1977 Honda Civic CVCC from the Cadillac dealership and it was a bold strategy, Cotton, which marginally paid off for me.

     

    Folger Buick.

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