Zayita

La catetada nacionalista de la fachada del Parlamento de Cataluña, intentando esconder el escudo español del siglo XVIII, una obra de arte ornamental reconocida del año 1716, tapándolo, ¿no debería ser un delito contra el patrimonio histórico artístico?

Tell us something isn't going on in the Korean markets.

Office Block on Hong Kong's Queens Road sold by receivers at 71% off. 287-299 Queen’s Road Central sold for HK$611.4M. Purchased for HK$2.1B in 2018. New buyer is a company controlled by veteran local investor Fang Shin and his venture capitalist son Alex Fang (founder of venture capital firm eGarden Ventures). Acquired from receivers appointed by the Macau unit of Industrial and Commercial Bank of China (ICBC). The 1982-vintage tower comprises three floors of retail space in its lower levels, while the floors above are office space. US fast food chain McDonald’s and a Chinese restaurant occupy the entire ground floor. -Mingtiandi #commercialrealestate

Indian glass factories are being forced to pare output due to energy shortages from the Gulf war, pinching buyers of beverage bottles and medicine vials bloomberg.com/news/articles/…

Office vacancy in the Chicago suburbs rose to an all-time high of 33.4% from 22.1% in 2020, having now hit new record highs for 21 consecutive quarters. This is despite the fact that total suburban office inventory has fallen to 93.2 million square feet from nearly 100 million square feet as a result of demolitions and conversions. "The data shows the stubborn post-pandemic imbalance of suburban office supply and demand, an ongoing headache for both landlords and local governments that have long counted on offices for both foot traffic and property taxes." "Office product wholesaler Essendant joined the trend during the first quarter, vacating about 200,000 square feet at 1 Parkway North in Deerfield (below) as it relocated to just 40,000 square feet nearby in Lincolnshire." -Crain's #commercialrealestate

CWCapital forecloses on two Oakland apartment complexes. Telegraph  Arts at 471 26th Street The Moran at 570 21st Street. Telegraph Arts defaulted on a $31.6 million loan. The Moran defaulted on a $20.7 million loan. "Their foreclosure now joins a growing list of distressed assets in the city’s commercial core, where apartments, hotels and office towers have slipped into receivership or lender ownership." -TheRealDeal #commercialrealestate

Real Capital Solutions agreed to buy MetroWest, an office building in Naperville, Illinois. Pricing wasn’t disclosed, but it is expected to come in well below the $32.5 million that seller Equus paid for the building in 2015. Like many suburban office buildings, it has struggled with vacancy, sitting more than 32 percent empty when it was marketed for sale last fall. 207,714 Square Feet Built 1986 -TheRealDeal #commercialrealestate

El país donde crecimos ya no existe

Ascend Elements, which raised $1.1 billion, is filing for bankruptcy as parts of the clean tech industry struggle bloomberg.com/news/articles/…

Nine scientists have died in a span of 27 months following a pattern

135 West 50th Street New York City leasehold sold in 2024 after a two-day auction on the online platform Ten-X for $8.5 million, 97% less than the $332.5 million that UBS paid for the property in 2006. The property is encumbered by a ground lease, with Safehold owning the land beneath the building and commanding a substantial ground rent. The upper floors are slated for conversion. The building will likely retain a mix of uses, with some lower floors continuing as office space and the existing retail tenants remaining in place. The conversion would be the owner's first office-to-residential conversion and its first real estate project outside Texas. 925K SF Built 1963 35% Occupancy -TheRealDeal #commercialrealestate

75% of Iran's petrochemical capacity is offline. Mobarakeh and Khuzestan Steel, with 14 million tons of combined output, are completely shut down. The Pentagon reports 80% of missile production facilities destroyed. Jam Petrochemical, with 3.2 million metric tons of annual capacity, says it will take years to repair the damage from the strikes. But the decay didn't start with the war: Iran's GDP per capita fell from $8,000 in 2012 to $5,000 by 2024 under more than a decade of sanctions. Equipment across its petrochemical plants, refineries, and steel mills was already outdated and under-maintained. The strikes hit the Arak industrial zone, home to Azarab Industries. This is the company that builds the boilers, pressure vessels, heat exchangers, reactors, and fractionating columns Iran's factories need to repair what was hit. Under sanctions, Iran can't import the necessary spare parts, catalysts, or industrial equipment. Pumps corrode without replacement seals, catalyst beds degrade without refresh cycles, and heat exchangers foul without cleaning chemicals. I build chemical plants. Every month a plant sits idle, the cost to restart compounds. Iran lost more than a few factories. It lost the industrial base underneath.

SPACEX RECORDED NEARLY $5 BLN LOSS LAST YEAR DUE TO AI EXPENDITURE - THE INFORMATION

It looks a lot worse when you see it in a graph: 🤦‍♂️

@polymath_media According to Pemex, the fire broke out in the petroleum coke warehouse at the Olmeca (Dos Bocas) refinery in Tabasco last night. It was contained quickly by ~150 responders with no injuries reported and operations continuing normally. The exact cause is still under investigation.

The fire at the Dos Bocas refinery in Mexico serves American interests as the refinery is critical to Mexico's energy independence, and without the domestic supply they will be more heavily reliant on US imports.

@Osint613 @ResistWire Mexicos newest and largest refinery, provides about 20% of supply of gasoline and diesel to the Mexican domestic market

@Osint613 @ResistWire Oil infrastructure is being blown up across the world, Middle East, Russia and now apparently Mexico….. someone wants elevated oil prices..

A massive fire has been reported at the Dos Bocas refinery in Tabasco, Mexico, with workers saying a tower at the coking plant is involved and heavy smoke rising. @ResistWire

BOJ needs to start raising rates ASAP.