You don’t see this headline every day: Voltari exiting mobile ads, entering real estate; shares +23.8% Their SEC filing goes on to say that they are essentially firing the engineers and purchasing rental properties. This is an effort to preserve and maximize the shareholders’ capital. I wonder why the company did not just return capital…
Read MoreThis sale-leaseback transaction involving a suburban office campus in New Jersey was completed at $464 per square foot, the highest /SF price of any suburban sale-leaseback transaction in the United States. The article goes on to say that AT&T sold the property in 2002 for $142 /SF but that Verizon made “a significant investment to extensively upgrade…
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.