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 More atlanta investment property, new jersey office spaceThis 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 […]
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