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fareastwarriors

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  1. Philanthropic Billionaire Walter Scott Dies At 90 https://www.npr.org/2021/09/25/1040728667/philanthropic-billionaire-walter-scott-dies-at-90
  2. NYC Office Market Revives With Tech Firms Hunting for Space Microsoft, Roku among companies seeking Manhattan leases Growing firms line up new offices even as staffs work remotely https://www.bloomberg.com/news/articles/2021-09-24/nyc-tech-push-gains-steam-with-microsoft-roku-in-hunt-for-space Video-streaming company Roku is in talks to lease more than 100,000 square feet at 5 Times Square in Midtown, and Microsoft is close to a deal for roughly 100,000 square feet in the Flatiron district, according to people familiar with the companies’ plans. Stripe recently took more than 100,000 square feet at a WeWork location in lower Manhattan, people familiar with the transaction said.
  3. I guess @Parsad is not buying this dip!
  4. Hines, Korean Pension Fund Bet Big on San Francisco Comeback They plan to redevelop site of PG&E’s office campus in San Francisco https://www.wsj.com/articles/hines-korean-pension-fund-bet-big-on-san-francisco-comeback-11632225601 Real-estate developer Hines Interests LP and a South Korean pension fund are planning a $2.5 billion-plus office and apartment project in San Francisco, a vote of confidence in one of the markets most upended by the pandemic.
  5. What's the theme here for COMP and Z? Continued strong demand for housing?
  6. Google’s $2.1 billion office building deal is latest sign of Big Tech’s muscle in Manhattan market Google’s $2.1 billion deal to buy a Manhattan office building adds to the rapid growth of Silicon Alley. Its latest deal brings its total square footage in Manhattan to over 3.1 million square feet. The leasing activity from Big Tech has helped spark early signs of a recovery in the Manhattan office market, which has been hit hard by the Covid-19 pandemic and urban flight. https://www.cnbc.com/2021/09/22/big-tech-is-helping-to-save-manhattans-real-estate-market-.html
  7. https://www.businessinsider.com/new-york-city-real-estate-prices-sales-worse-pre-pandemic-2021-9 It's a horrible time to be a New Yorker looking for a new pad, but a great time for NYC's economy. NYC real estate "recovered" as residents returned over the summer — meaning the high prices are back. Prices for rentals and sales are up, as are lease signings and buyer purchases.
  8. Who's next? https://www.space.com/news/live/spacex-inspiration4-updates SpaceX successfully launched the first all-civilian mission to orbit Earth on Sept. 15, 2021 using a used Crew Dragon capsule and veteran Falcon 9 rocket
  9. The Hottest Tax Break for the Rich Is a Middle-Class Retirement Account More than $279 billion sits in IRAs with at least $5 million each. They allow the wealthy to avoid taxes and pass on their fortune. https://www.bloomberg.com/news/articles/2021-09-16/roth-ira-how-the-richest-americans-use-retirement-accounts-to-avoid-taxes?srnd=premium
  10. How much does Coinbase usually charge? What about custody? Any concern with Paxos?
  11. New York Renters Face 70% Increases as Pandemic Discounts Expire The era of Covid concessions for apartment hunters is over. https://www.bloomberg.com/news/articles/2021-09-15/new-york-city-rents-landlords-jack-up-prices-70-in-lease-renewals-post-covid?srnd=premium
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