

Oh also, the zoning and type of property matters too. A strip mall has different requirements than an office or hotel. Obviously
formerly @w3dd1e@lemm.ee
Oh also, the zoning and type of property matters too. A strip mall has different requirements than an office or hotel. Obviously
I’ll try to look some up today but I think it varies by lease and by loan. You can’t apply the same rules to a warehouse as an office as a grocery store. Also, big spaces are different than small restaurants. Might not be consequences for a Chipotle but there could be for a grocery store in the same strip mall. The leases negotiated between the landlord and the tenant also have to be approved by the lender.
The whole thing is called “going dark”, meaning they are still paying rent but not operating on the premises. It causes the borrower/landlord to go into something called “cash management”. They lose the ability to collect rents directly. It all gets sent to a special lockbox that the lender has access to. They use those funds to post the payment and other things like that. They send a portion back to the borrow for operating expenses then hold onto the rest. The borrower also has to pay cash management and bank account fees when this happens.
I remember there was a big fight at a shopping center near me because a grocery store wanted to move the grocery location and open a giant liquor store in its place but the landlord didn’t like that. I believe they ended up terminating the lease and a different grocery store moved in. My company didn’t handle that loan so I don’t know the details but I knew that the loan was likely the real reason for the fight.
Their mortgages have clauses that cost them when tenants are not operating onsite. It devalues restaurants and stores in the area. I’m not saying it’s right. It’s just how it works. Tenants have to do business on site during the lease or they pay fees and their landlords have to pay the banks.
Source: I work in commercial real estate.
Even r/Conservative was defending her. He’s losing his base faster than I expected.
I wish I could. Can’t afford to live anywhere else. I’m just doing what I can to make my community better. It makes me feel a little less hopeless.
He also just took away funding for child abuse protection.
He cares more about professional sports than child sexual abuse.
Which is ironic because much of the MAGA platform is stopping pedophiles.
Missouri does this all the time. The laws here are so bad.
I tell everyone if I don’t plan on doing it, but I want the heightened security to annoy my target.
I know some who still works for RadioShack in KS. It’s official RadioShack but also it’s its own thing. Idk maybe a franchise or something.
But they are expanding the street car! ……a few blocks north. ヽ( `д´*)ノ
Also, Gladstone cancelled their bus contract entirely. If you want to take a bus in Gladstone, you have to call some weird company contracted by the city to drive you to the bus stop.
Everything is awful.
Edit: I just remembered. If you live in Blue Springs, the bus only comes twice a day. 6am and 3pm. If you take the bus, you ride for a few hours, get to work at 9am, leave work at 12pm to get back at 3pm.
Geoengineering… like fracking?
Or like building man-made lakes and tunnels? What about digging a pool in my backyard?
Does anyone know if there is another federated version of GitLab/GitHub? That’s something I wouldn’t absolutely switch to.
Both you and @DoucheBagMcSwag@lemmy.dbzer0.com are correct. Google bought reCAPTCHA in 2012.
Here’s an article about it from 2018.
(╯°□°)╯︵ ┻━┻
Captcha if you can: how you’ve been training AI for years without realising it
And another from 2019! Captchas got harder for us because the AI had learned from our training.
I’d like to fire him from a canon…into the Sun. Melania could be denaturalized.
This is how I rolled my car off the interstate.
(I’m fine!)
I was less than a mile from my exit and I thought I could make it. I was trying to hard to stay awake I ended up driving past several exists. Suddenly, I realized my eyes were closed and I wasn’t sure how long they had been like that. I panicked, afraid I would hit the median, slammed on my brakes and swerved.
Once that happened, I was alert and I knew I couldn’t stop the car from rolling so I let go and let it happen. Apparently, that’s partly why I wasn’t seriously injured. I didn’t tense up and try to brace myself. That and seatbelts/good safety design.
I was scared to drive for awhile but it’s fine now. Though, I never speed. I always pull over if it doesn’t feel right. By that I mean, if I’m tired, if there is bad weather, if my car isn’t driving properly….anything. I don’t risk it.
Other drivers seem annoyed that I’m going the speed limit but I don’t give a fuck.
No worries! Ask as many questions as you like!
It affects the value of the surrounding spaces.
Example: A strip mall has a grocery store. If the grocery is active on the property, the surrounding spaces are more valuable to rent. The landlord can rent the spaces to restaurants retail stores because the grocery store has a lot of foot traffic.
If the grocery store “goes dark” or stops operating at the strip mall, the neighboring Chipotles and Game Stops lose money and close. The landlord can’t fill those spaces as easily as when the grocery store was there.
If the spaces are empty, no rent comes in. No rent means no mortgage payments.
Edit: I forgot to add. Commercial mortgages are different than residential for lots of reasons but a big one is the dollar amount. Some of these properties are $100M loans so the trusts and banks involved have a lot more say as to what goes on at the property.
If you want to fix your sink, you do it. If they want to, they have to get permission to make changes.
Actually, I work in commercial real estate.
It’s not uncommon for there to be triggers on these loans that go into effect when a tenant vacates a property, even if they are still paying rent.
They direct control of their rents and they have to pay a monthly fee for management.
I can promise you, the only reason we returned to remote is luck. Our lease happened to be up at the same time our moral dropped.
Still, many of our employees cheered and celebrated the announcement. Take the wins where you can.
My company did a forced RTO. Moral dropped. In one category, it dropped to 14%. We couldn’t hire anyone and people were quitting. Our president kept saying “We will never return to WFH.”
Less than 6 months after he said that, we went fully remote. The whole RTO thing lasted about a year before they gave up.
Yes. The best thing that could happen would be for no one to show up
Edit: fix typo
Elon musk is CEO of like 7 places. If they can do it, so can we.