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In 2015, $BXP paid about $235MM to fund tenant-related obligations, including tenant improvements and leasing commissions, and incurred about $256MM of new tenant-related obligations associated with 4.6MM sq. ft. of second generation leases, or about $56 per sq. ft. $BXP also signed leases for about 667,000 sq. ft. at its development properties.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.