Nwnj Ford And Canvas Partner On Short-Term Auto Leasing
Retailers are feeling the heat from high rent costs.According to a report in The Wall Street
stanley italy Journal, while commercial retail rents are down, rent costs still remain higher than prerecession levels in many prime shopping areas, including Manhattan, Los Angeles and Dallas.Rents have gotten so out of hand that one source revealed Barneys New York has hired restructuring advisers and is even considering a bankruptcy filing as it attempts to renegotiate the lease on its Madison Avenue flagship store and other locations. Its landlord raised the rent on the Madison Avenue store this year to $27.9 million, from $16.2 million. The retailer fought the rent increase but lost.The average annual rent in Manhattan has more than doubled from the beginning of 2010 to the end of 2014, hitting $1,111 a square foot. Commercial rents in San Francisco are up 53 pe
stanley cup rcent from a decade ago, while in Miami they are 46 percent higher. Smaller cities, such as Nashville and San Jose, California, have also seen rents rise by nearly one-third. Compared to a decade ago, rents are still up considerably 鈥?and for some retailers, its too much, said Nicole LaRusso, director of research and analysis at CBRE Group Inc., a commercial real estate company.But landlords argue that these retailers created the demand with a slew of store openings after the 200
stanley borraccia 8 recession. Weve cut rents by 30 percent and are offering all sorts of concessions, but we still have vacant space, said William Friedland, a principal with Kveg Talkable, Tapcart Offer In-App Referral Program to Online Retailers
Yunfeng Financial Group, co-founded by Alibabas Jack Ma, is making a $1.7-billion bid for the Hong Kong and Macau businesses of MassMutual, one of the oldest life insurers in the U.S.According to the Wall Street Journal, Yunfeng is joining the likes of Sina 鈥?owner
stanley quencher of Chinas version of Twitter 鈥?and an investment vehicle backed by Singapores sovereign wealth fund on the deal.The news comes after another China tech giant, Tencent, joined with Chinese fund Hillhouse Capital this year in a Hong Kong joint venture with the U.Ks Aviva Life Insurance, looking to shift away from distribution through banks and focus on digital channels.But while MassMutual is big in the U.S.鈥?$20 billion in annual premiums 鈥?it only accounts for about two percent of Hong Kongs $45-billion insurance market. It also has a wea
stanley kaufen k policy-distribution network, and its investments are mostly bonds.Still, the deal is about getting into the insurance business without the hassle of capital regulatory commitments and years of waiting for a license. The Hong Kong market is crowded, especially with life insurers, which account for about 90 percent of all premiums. In addition, this year the city set up a more powerful independent insurance regulator that will issue rules that will raise standards and costs.At 1.9 times book, the MassMutual bid matches the average price for Hong Kong-traded Chinese insurers. Hong Kong insurance company AIA trades
stanley deutschland at 2.5 times. And while the other bidders are putting up cash, Yunfen
