Corning Optical sells Charlotte HQ for 58.5 million
An affiliate of Crown Realty & Development bought Corning Optical’s 182,169 square foot Charlotte headquarters for 58.5 million, with a 14 year lease. The move from Hickory to Charlotte was announced in 2016, part of Riverbend development with mixed use including Harris Teeter and homes.
MENTIONED IN THIS ARTICLE
Corning Optical
Charlotte
Riverbend
Crown Realty & Development
Costa Mesa
Calif
Cushman & Wakefield
Hickory
Riverbend Village
Brookshire Boulevard
Mount Holly- Huntersville Road
Corning Optical Communications
New York
Corning Inc
The
Observer
Survey Finds Americans Turning to Comfort Buying During Pandemic
A Wallethub survey of about 450 adults shows 43 percent of Americans are comfort buying during the coronavirus outbreak, spending on entertainment and booze while 58 million spend more than usual. It notes most rise in discretionary purchases, with 51 to 150 dollars the typical range, and 60 percent worry about package safety.
MENTIONED IN THIS ARTICLE
U.S
Wallethub
Pew Research Center
Washington
Pew
U.S. Treasury
Ngvald Kaldhussater
Dreamstime
TNS
American Airlines Posts 2.24 Billion Quarter Loss
American Airlines reported a 2.24 billion loss in Q1 as the coronavirus slammed demand. Revenue fell 19 percent while costs rose, with U.S. air travel plunging about 95 percent from a year earlier. Chief executive Doug Parker warned of a slow recovery.
MENTIONED IN THIS ARTICLE
Dallas
American Airlines
U.S
Doug Parker
American
US Airways
FactSet
American Airlines Group Inc
Parker
Treasury Department
Fort Worth
Texas
Pittsburgh International Airport
Imperial
Gene J. Puskar
Real Estate Investors Eye Deals From Pandemic Fallout
After decades in real estate Craig Hall of the Hall Group plans to buy problem debt from banks as many commercial properties default. He foresees value in distressed mortgages and hotel assets while noting pricing and financing gaps. Other Dallas players like Quadrant Investment Properties and Champion Partners anticipate a brief but potent window for opportunistic buys as markets reset.
MENTIONED IN THIS ARTICLE
Craig Hall
Hall
Chad Cook
Dallas’ Quadrant Investment Properties
Dallas
Cook
Champion Partners
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Freddie Mac
Helane Becker
Airlines
Cowen
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