Spamdex - Spam Archive

Report spam

Send in your spam and get the offenders listed

Create a rule in outlook or simply forward the spam you receive to questions@spamdex.co.uk

Also in myequityoffice.com

Equity Office Daily Brief: September 11, 2017

Can't see content of this e-mail? Click HERE for browser version.
Daily Brief

September 11, 2017

  EquilityOffice

PRINT NEWS

 

Stocks rise as Hurricane Irma weakens into a tropical storm

Los Angeles Times

 

Insurers and travel companies are rising sharply in early trading on Wall Street after Hurricane Irma didn't turn out to be as destructive as many had feared. Royal Caribbean Cruises rose 3% in early trading Monday, and Chubb gained 3.2%. Technology companies were also...

 


Amazon's Dual Headquarters Is Bad News For Investors

Forbes

 

I am not an investor in Amazon shares and after learning about its plans for dual headquarters, it made me feel bad for those who are. That's because operating out of two headquarters locations is bound to create confusion when it comes...

 


Chinatown Park Moves Toward Groundbreaking

Los Angeles Downtown News

 

A long-in-the-works park in Chinatown appears finally to be moving toward a groundbreaking. The city is expected to close escrow this week on a one-acre parcel at Yale and Ord streets, according to the office of City Councilman Gil Cedillo, whose...

 



BLOG & ONLINE NEWS

 

Which Office Markets Offer the Best Value to Investors?

National Real Estate Investor

 

The U.S. office market has gained a lot of momentum over the last eight years, with many markets now reporting low vacancies and record-high rents. The bottom line for investors, however, is each market’s value in terms of return on investment (ROI)...

 


L.A. Boosts CA Onto Nation's Top 20 Deals List

GlobeSt

 

Los Angeles has boosted California onto Commercial Café’s Nation’s Top 20 Office Deals list for the second year in a row. California has four deals on the top 20 list, with three in Los Angeles. The largest, ranking number 8, is the...

 


1020 Figueroa Heads to Planning Commission

urbanize.LA

 

Developer Shenzhen Hazens' plan for a high-rise complex near L.A. Live is taking its latest step forward in the approval process, as the proposed $700-million project goes before the Los Angeles City Planning Commission next week. The project, which would replace the Luxe City Center hotel...

 

FULL TEXT


Stocks rise as Hurricane Irma weakens into a tropical storm

Los Angeles Times

 

Insurers and travel companies are rising sharply in early trading on Wall Street after Hurricane Irma didn't turn out to be as destructive as many had feared.

Royal Caribbean Cruises rose 3% in early trading Monday, and Chubb gained 3.2%.

Technology companies were also rising in the early going. Apple added 1.2% and Facebook climbed 1.1%. Technology remains the highest-performing sector in the market this year.

Banks were also rising more than the rest of the market Monday as bond yields jumped. Bank of America shares rose 1.2%.

The Standard & Poor's 500 index rose 18 points, or 0.7%, to 2,479.

The Dow Jones industrial average rose 172 points, or 0.8%, to 21,479. The Nasdaq composite increased 66 points, or 1%, to 6,426.

-Associated Press

Amazon's Dual Headquarters Is Bad News For Investors

Forbes

 

I am not an investor in Amazon shares and after learning about its plans for dual headquarters, it made me feel bad for those who are.

That's because operating out of two headquarters locations is bound to create confusion when it comes to making decisions and carrying them out.

But before getting into that, let's look at Amazon's September 7 announcement regarding the second headquarters. According to the New York Times, Amazon is soliciting bids for its so-called HQ2 location from North American cities with populations over 1 million and "a diverse population, good schools and malleable lawmakers" to host a second headquarters that will employ 50,000 people making six figure salaries.

Why would Amazon want an HQ2? With 19% of Seattle's prime office space and "housing prices skyrocketing, the competition for tech industry talent getting more fierce and traffic choking the roads," Amazon does not think Seattle can handle its growth plans, according to the Times.

To meet its needs, Amazon wants "on-site access to mass transit, a commute of 45 minutes or less to an international airport, easy access to a major highway or arterial road — no more than two miles, evidence of fiber optic internet connections, a coverage map showing strong cellular phone service at the location, traffic congestion figures, lists of universities and statistics on the qualifications of local workers," noted the Times.

My hunch is that if there was an obvious city that could satisfy all these criteria, Amazon would not have made a public announcement about this -- it would have quietly negotiated a deal. But the simple reality is that the cities that satisfy Amazon's requirements -- specifically the supply of talent and the rest -- already have most of Seattle's problems -- the high housing prices, the congested roads and infrastructure, and the long commutes.

Toronto, Boston, Washington, Atlanta, Dallas or Denver are the "options," according to Bloomberg. While these cities already have many corporate headquarters, the places that host declining corporations and therefore have lower housing prices and less crowded roads might be willing to offer the most attractive investment incentives for Amazon -- but then they would again be too dependent on one company that could ultimately hurt the city were it to move or decline.

Regardless of where Amazon ends up locating HQ2, I think it's bad news for investors. That's because I think having two headquarters will slow down decision making and execution unless each location has completely non-overlapping responsibilities. If not, people from both headquarters will need to coordinate -- possibly from different time zones -- before making decisions and while executing them.

My guess is that this coordination will take longer than it takes when Amazon now. What's more, HQ1 will need to invest management time and other resources to make sure that HQ2 has the same culture and processes as HQ1. If Amazon is not expecting that to be a challenge, it will be in for a surprise.

What offsetting benefit will Amazon get that will make it worth operating two headquarters? Amazon is obviously looking for a less expensive and business-unfriendly city where it can expand.

If Amazon's second headquarters is in a location that hosts and later attracts the number of talented workers it needs, Amazon may ultimately move all its people from Seattle -- where it currently employs 40,000 and has 6,000 openings, according to the Times -- to that new city.

I think that during the time that Amazon is operating two headquarters, it will suffer from slower decision-making and less effective execution of some of those decisions.

And that will give an advantage to Amazon rivals who are not distracted by trying to solve the problems of operating with dual headquarters.

- Cohan

Chinatown Park Moves Toward Groundbreaking

Los Angeles Downtown News

 

A long-in-the-works park in Chinatown appears finally to be moving toward a groundbreaking. The city is expected to close escrow this week on a one-acre parcel at Yale and Ord streets, according to the office of City Councilman Gil Cedillo, whose First District includes Chinatown. A groundbreaking is expected by January.

Planning for the park started in 2010 and $8.25 million was secured by 2014, but the process was delayed amid unforeseen challenges in acquiring the land. The L-shaped public space will include a children’s playground, fitness equipment, shade structures and public artwork. Due to the steep incline of the land, the park will be split into multiple levels connected by a set of trails. Downtown-based AHBE Landscape Architects designed the park.

Construction is expected to last approximately a year. The news was first reported by the website Urbanize L.A.

-Los Angeles Downtown News

Which Office Markets Offer the Best Value to Investors?

National Real Estate Investor

 

The U.S. office market has gained a lot of momentum over the last eight years, with many markets now reporting low vacancies and record-high rents. The bottom line for investors, however, is each market’s value in terms of return on investment (ROI) relative to pricing.

To help investors make informed decisions, a new report from Situs RERC, a global research and advisory firm, analyzed U.S. primary, secondary and tertiary office markets based on second quarter property performance stats, growth, demand markers and other criteria and ranked them on a value vs. price index.

Noting that office is a more volatile product type than multifamily or industrial, Situs RERC President Ken Riggs says, “On the demand side, office fundamentals look good, but on the supply side office markets are measured by whether banks are willing to give developers money to do projects.”

Riggs points out that banks are mostly passing on speculative development right now, but speculative projects still continued in some of Sitrus RERC’s top markets.

For example, Dallas, which topped the ranking for primary markets, has eight speculative buildings with a total of 1.7 million sq. ft. under construction, as does Seattle, with nearly 5 million sq. ft. of speculative development underway.

“Dallas’ strongest positive is it’s an attractive market to relocate,” Riggs says, pointing out that the region’s strong office performance reflects its diverse, growing economy. More than 2.6 million sq. ft. of office space has been absorbed so far this year, according to a second quarter 2017 report from real estate services firm JLL. Office rents rose 5.4 percent year-over-year in the second quarter in all submarkets, and about half of the office space under construction (7.8 million sq. ft.) is pre-leased.

Seattle came in second out of 10 primary markets, with office performance reflecting strong demand by both large and small technology firms. “Seattle’s tech factor has been over-estimated in the short-term and the impact of what will happen under-estimated in the long-term,” Riggs says.

Similar to what happens in the life sciences sector, accumulation of tech companies in one location creates industry hubs that serve as magnets for more companies attracted by the concentration of talent. That’s what’s happening in Seattle, where users have absorbed nearly 2.9 million sq. ft. of space so far this year, nearly twice as much as during the same period in 2016, according to JLL. Class-A vacancy dropped 90 basis points, and rents rose 4.1 percent. Overall office vacancy in the city averaged 8.5 percent, and average asking rent is $35.60 per sq. ft.

Large users are leasing whole buildings in Seattle’s urban core, making it difficult for smaller tenants to find space, notes the JLL report. Three office buildings delivered in the second quarter of this year are now fully rented, and a 12-story, 660,000-sq.-ft. office tower that recently broke ground has been preleased by Google. F5 Networks took all 516,000 sq. ft. at The Mark, renamed 5F Tower. Of the nearly 6 million sq. ft. of space under construction, 47 percent is already committed, and the remaining space is expected to lease up quickly, according to JLL.

Los Angeles ranked third among primary office markets.

“Downtown Los Angeles has been under-rated for too long,” Riggs says. “Downtown has become much more attractive compared to the past and is very inexpensive from a value perspective,” he adds, noting that office assets are selling in downtown for one third what it costs to buy assets in other major cities. While technology tenants continue to drive rents and values up on the Westside, downtown is Los Angeles is still a bargain. An office building in Santa Monica, for example, sold in the second quarter for more than $1,400 per sq. ft., while a downtown asset traded for $470 per sq. ft.

Office users in the city’s Central Business District (CBD) absorbed 433,563 sq. ft. of space in the second quarter, while tenants throughout the Los Angeles metro absorbed nearly 2.2 million sq. ft., according to a report from real estate services firm Cushman & Wakefield. Vacancy in the CBD was 19.4 percent and in the overall metro 12.9 percent. Asking rents average $41.97 per sq. ft. and $41.93 per sq. ft., respectively.

High competition and aggressive cap rates in the primary markets are driving investors to the secondary and tertiary markets for higher yields, Situs RERC researchers point out, noting that these markets also offer greater diversification.

Tampa and Orlando in Florida and Raleigh, N.C. topped secondary metro rankings from a relative value vs. price perspective. All three markets have exceptional job growth, positive office space absorption, rising rents and tightening vacancy, with limited or no new office construction.

While tertiary markets do not provide the scale of primary and secondary markets, the Situs RERC report notes they are not as saturated as bigger metros and provide investors with low barriers to entry. Tucson, Ariz., Columbus, Ohio and Milwaukee, Wis. earned the top three places in the ranking for tertiary markets, respectively. All three markets have good job and wage growth, experienced positive absorption and have low vacancies with limited new product under construction.

-Patricia Kirk

L.A. Boosts CA Onto Nation's Top 20 Deals List

GlobeSt

 

Los Angeles has boosted California onto Commercial Café’s Nation’s Top 20 Office Deals list for the second year in a row. California has four deals on the top 20 list, with three in Los Angeles. The largest, ranking number 8, is the 67% stake acquisition of 1999 Avenue of the Stars for $573 million and the sales of 1299 Ocean and 429 Santa Monica in Santa Monica, which total $362 million. The fourth office sale is JMB Financial Advisors’ purchase of 44 Montgomery Street for $475 million.

“In 2016, California had just one deal make it into the nation’s top 20 deals in H1, 10880, 10940, 10960 Wilshire and 1100 Glendon Ave in Los Angeles, for $1.3 billion,” Carina Bukos, a research analyst at Commercial Café, tells GlobeSt.com. “This year, the four transactions brought California’s sales volume up to $1.8 billion in H1. It has been the second best H1 since 2013.  Some of this activity is a result of sustained development. California added 3.2 million square feet in Q2 alone, and is expected to deliver another 11 million square feet by the third quarter. Office transactions on this market so far this year may have been less impressive than their East Coast counterparts, but they provide more flexibility in a valuable market.”

In addition to claiming three spots in the top 20 list, Los Angeles has been one of the most active markets in the first half of the year. “L.A. and Santa Monica have been closing the most deals in these first six months, and at least part of that is due to the more modest average price per square foot commanded by this market, ranking third in Q2, behind both San Francisco and the Bay Area,” adds Bukos.

Some may be surprised that San Francisco doesn’t have more deals on this list; however, the market falls behind Los Angeles in terms of deal volume. “San Francisco has been the leading Californian market when it comes to average price per square foot, but in terms of sales volume and number of deals, L.A. rests securely in the first position,” says Bukos.

Investment activity typically picks up in the second half of the year, and Bukos expects the second half of 2017 to be no different. “Considering market trends since 2013, the second half of the year usually brings about a surge in investment activity,” she adds. “It would be safe to assume that it will probably be the case of H2 2017 too.”

-Kelsi Maree Borland

1020 Figueroa Heads to Planning Commission

urbanize.LA

 

Developer Shenzhen Hazens' plan for a high-rise complex near L.A. Live is taking its latest step forward in the approval process, as the proposed $700-million project goes before the Los Angeles City Planning Commission next week.

The project, which would replace the Luxe City Center hotel and an adjoining parking lot at 1020 S. Figueroa Street, calls for the construction of two high-rise buildings featuring 435 condominiums, a 300-key W Hotel and approximately 80,000 square feet of commercial space.

Hazens revised the project in May from its original three-tower configuration, shaving 215 condominiums from the development.  Other alterations include a reduction in height of a podium structure that would wrap the property, as well as a larger public plaza fronting Figueroa Street.

The new plan has also resulted in revisions the remaining towers, discarding the jagged structures seen when the project was first introduced.  Gensler is designing the approximately 430-foot-tall W Hotel at 11th Street, while Steinberg Architects has been tapped to design the 540-foot residential tower at Olympic Boulevard.

AHBE Landscape Architects is designing the project's open space amenities, which includes multiple decks at the podium and roof levels.

A staff report from the Los Angeles Department of City Planning recommends the approval of the development, which comes with a proposed development agreemnt that would provide 22 units of workforce level housing, as well as funding for the Bringing Back Broadway initiative and the Downtown Streetcar.

Construction would be conducted in two phases, starting with the W Hotel, followed by the demolition of the Luxe and the raising of the residential tower.

1020 Figueroa is one of several Chinese-led tower complexes in the works for the Downtown area, following Oceanwide Plaza and Metropolis.

-Steven Sharp

Daily Brief September 11, 2017 unsubscribe

---------------------------

All titles, content, publisher names, trademarks, artwork, and associated imagery are trademarks and/or copyright material of their respective owners. All rights reserved. The Spam Archive website contains material for general information purposes only. It has been written for the purpose of providing information and historical reference containing in the main instances of business or commercial spam.

Many of the messages in Spamdex's archive contain forged headers in one form or another. The fact that an email claims to have come from one email address or another does not mean it actually originated at that address! Please use spamdex responsibly.


Yes YOU! Get INVOLVED - Send in your spam and report offenders

Create a rule in outlook or simply forward the junk email you receive to questions@spamdex.co.uk | See contributors

Google + Spam 2010- 2017 Spamdex - The Spam Archive for the internet. unsolicited electric messages (spam) archived for posterity. Link to us and help promote Spamdex as a means of forcing Spammers to re-think the amount of spam they send us.

The Spam Archive - Chronicling spam emails into readable web records index for all time

Please contact us with any comments or questions at questions@spamdex.co.uk. Spam Archive is a non-profit library of thousands of spam email messages sent to a single email address. A number of far-sighted people have been saving all their spam and have put it online. This is a valuable resource for anyone writing Bayesian filters. The Spam Archive is building a digital library of Internet spam. Your use of the Archive is subject to the Archive's Terms of Use. All emails viewed are copyright of the respected companies or corporations. Thanks to Benedict Sykes for assisting with tech problems and Google Indexing, ta Ben.

Our inspiration is the "Internet Archive" USA. "Libraries exist to preserve society's cultural artefacts and to provide access to them. If libraries are to continue to foster education and scholarship in this era of digital technology, it's essential for them to extend those functions into the digital world." This is our library of unsolicited emails from around the world. See https://archive.org. Spamdex is in no way associated though. Supporters and members of http://spam.abuse.net Helping rid the internet of spam, one email at a time. Working with Inernet Aware to improve user knowlegde on keeping safe online. Many thanks to all our supporters including Vanilla Circus for providing SEO advice and other content syndication help | Link to us | Terms | Privacy | Cookies | Complaints | Copyright | Spam emails / ICO | Spam images | Sitemap | All hosting and cloud migration by Cloudworks.

Important: Users take note, this is Spamdex - The Spam Archive for the internet. Some of the pages indexed could contain offensive language or contain fraudulent offers. If an offer looks too good to be true it probably is! Please tread, carefully, all of the links should be fine. Clicking I agree means you agree to our terms and conditions. We cannot be held responsible etc etc.

The Spam Archive - Chronicling spam emails into readable web records

The Glass House | London | SW19 8AE |
Spamdex is a digital archive of unsolicited electronic mail 4.9 out of 5 based on reviews
Spamdex - The Spam Archive Located in London, SW19 8AE. Phone: 08000 0514541.