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12.05.26 - 22:36
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Vornado JV Completes $161 Million Refinancing of 61 Ninth Avenue (GlobeNewswire EN)
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NEW YORK, May 12, 2026 (GLOBE NEWSWIRE) -- Vornado Realty Trust (NYSE:VNO) announced today that its 45.1% owned joint venture has completed a $161 million refinancing of 61 Ninth Avenue, a 194,000 square foot office and retail property in the Meatpacking district of Manhattan, which is fully leased to Aetna and Starbucks. The interest only loan, which matures in March 2029, as fully extended, carries a rate of SOFR plus 3.00% for the first year, SOFR plus 3.35% for the second year and SOFR plus 3.85% for the remainder of the term....
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06.05.26 - 12:18
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Nine dollars for a Starbucks is an ′affordable luxury′? CEOs need to wake up and smell the coffee | Arwa Mahdawi (The Guardian)
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The head honcho thinks splurging nearly $10 on a beverage during a cost-of-living crisis is fine for a 'special experience'. It's time to offer my own valuable adviceI don't mean to vent, but what is up with Starbucks CEO Brian Niccol's obscenely large compensation package? Niccol, who joined the company in 2024, is one of the best-paid executives in the US, raking in $96m (£70m) in just his first four months on the job. The man makes 6,666 times more than the company's typical employee, according to a 2025 Executive Paywatch report. He also regularly commutes to work via private jet. Can't expect a strategic genius to live next to the office like the rest of the hoi polloi.Still, while he might be good at flogging drinks, Niccol apparently has trouble reading a room. As the cost of living surges, and the federal minimum wage remains at $7.25, the CEO is getting roasted for calling a $9 coffee “a really affordable premium experience”. Speaking to the Wall Street Journal, Niccol noted that the ...
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04.05.26 - 14:06
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Ditch Starbucks and DoorDash, George Kamel Says. How Cheap Appliances Can Replace Your Takeout Budget (24/7 Wall St.)
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A daily Starbucks run and a couple of weekly DoorDash orders are two of the easiest line items to silently drain a household budget. Americans are still spending heavily on prepared food: food services spending hit $1.5 billion in March. That category, restaurants and delivery, has been climbing while grocery spending stays flat. George Kamel ... Ditch Starbucks and DoorDash, George Kamel Says. How Cheap Appliances Can Replace Your Takeout Budget...
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