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Due to Seattle’s unrest, billion-dollar investment firm moving to Phoenix
ktar.com ^ | June 22, 2020 | PETER SAMORE

Posted on 06/22/2020 7:14:27 PM PDT by PROCON

PHOENIX — Coronavirus pandemic or not, an investment advisory company is leaving the cultural unrest in Seattle and moving its headquarters to Phoenix’s Camelback Corridor.

” … The unrest that has taken place in the city of Seattle … there is really is not a downtown business community today,” Smead Capital Management, President and CEO Cole Smead told KTAR News 92.3 FM.

Smead said that although taxes in Seattle are lower, candidate recruitment is harder and the cost of living within the city is more expensive than Phoenix.

“We’re hearing rumors of 40-story buildings that will be only 20-percent occupied by October,” Smead said.

“My biggest concern for Seattle was what the business community is going to come back to, and what kind of businesses are going to come back for customers.”

(Excerpt) Read more at ktar.com ...


TOPICS: Business/Economy; Crime/Corruption; News/Current Events; US: Arizona; US: Washington
KEYWORDS: businesses; camelbackcorridor; colesmead; mayordurkan; phoenix; rioting; seattle; smead; smeadcapital; unrest
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To: PROCON

the city doesn’t care - it is hostile to all profit

Amazon, the most woke company on Earth... are slowly moving their operations to the eastside suburbs - they’ll continue to hold the valuable real estate in the city of course.


21 posted on 06/22/2020 7:35:21 PM PDT by sheehan (DEPORT ALL ILLEGALS.)
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To: PROCON

I am old enough to remember back in the seventies when Seattle was hard-hit by set backs at Boeing (the SST program was cancelled), and shipping and lumber were hard hit too. The joke was ‘will the last person leaving Seattle please turn out the lights?’ Now Seattle is in for a repeat, but totally self-inflicted.


22 posted on 06/22/2020 7:35:31 PM PDT by Rummyfan (In any war between the civilized man and the savage, support the civilized man. Support Israel.)
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To: PROCON

Progressivism is like that parasitic bug that causes yellow shit storms ... once it gets into the water and soon lots of people have it.


23 posted on 06/22/2020 7:35:33 PM PDT by Rurudyne (Standup Philosopher)
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To: PROCON

And now they are talking about taking down CHAZ. Weird how that works. A billion dollar company says they are leaving and now they want to enforce the law.


24 posted on 06/22/2020 7:36:15 PM PDT by jimpick
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To: CatOwner
I get wanting to leave Seattle, but Phoenix? Not exactly stepping up in the world.

More sunshine that's for certain. But a long way to the shore....

25 posted on 06/22/2020 7:36:48 PM PDT by Rummyfan (In any war between the civilized man and the savage, support the civilized man. Support Israel.)
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To: Seaplaner
Seattle needs a new name.

Ideas? Anybody?


Rhymes with Seattle, but it's very descriptive of what's happening and will continue to happen to Seattle and Washington (state)....

How 'bout: Seattle needs a new name.

Seattle = Skedaddle

skedaddle (definiition): run away, scram especially : to flee in a panic.

Very appropriate.
26 posted on 06/22/2020 7:37:19 PM PDT by adorno
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To: dfwgator

That works, too!


27 posted on 06/22/2020 7:37:45 PM PDT by AmericanMermaid
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To: PROCON

Is this why that airhead Durkin, the “mayor” of Seattle, just blinked about her “summer of love”?


28 posted on 06/22/2020 7:38:59 PM PDT by jonascord (First rule of the Dunning-Kruger Club is that you do not know you are in the Dunning-Kruger club.)
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To: AmericanMermaid

Leningrad, since they already have his statue.


29 posted on 06/22/2020 7:39:06 PM PDT by shotgun
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To: AmericanMermaid

Moscow is a Right-Wing City now, Leftists hate modern Russia, that’s why Leningrad makes more sense.


30 posted on 06/22/2020 7:39:16 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: Fai Mao

They should go to Boston???

It’s just like Seattle only colder in the winter.

I have a friend who lives in a very affluent area near the Common. They have armed guards by the door of their condominium. Do you know what it costs to have two armed guards at your door?


31 posted on 06/22/2020 7:39:41 PM PDT by ladyjane
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To: Fai Mao
They should go to Boston. Arizona might be savable. But it needs to stop importing idiot democraps
Right, because they don't "import idiot democraps" to Boston... because it's already infested with them. And has been forever.

Get a clue!

32 posted on 06/22/2020 7:40:23 PM PDT by lewislynn ( It's not your color stupid, it's your attitude.)
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To: Rummyfan
Boeing left years ago didn’t they?

Yeah, for Chicago. Never could figure that one out.

33 posted on 06/22/2020 7:43:22 PM PDT by AlaskaErik (In time of peace, prepare for war.)
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To: Jane Long
Good point! Why go to Phoenix, it has one of the highest rates of crime in the USA. Going from the frying pan to the fire.
34 posted on 06/22/2020 7:45:01 PM PDT by Aussiebabe
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To: PROCON

Come on down! We’re mostly rational here.


35 posted on 06/22/2020 7:45:33 PM PDT by Not A Snowbird (I trust President Trump.)
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To: All

So what would be wrong with Smead moving completely out of Seattle and setting up HQ in one of better suburbs of Seattle?

It sends the message that they like Washington State but that Seattle is a lost cause. By staying in that area, it helps retain their workers.


36 posted on 06/22/2020 7:47:08 PM PDT by MplsSteve
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To: Seaplaner

Scumbagistan


37 posted on 06/22/2020 7:47:42 PM PDT by Kozy (new age haruspex; "Everyone has a plan 'till they get punched in the mouth.")
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To: CatOwner
I'm sure many of the workers will be excited about this move. /s

The flight to SAFETY outweighs ALL else.

38 posted on 06/22/2020 7:48:43 PM PDT by VideoDoctor
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To: PROCON

Click the Pic

39 posted on 06/22/2020 7:48:56 PM PDT by Fiddlstix (Warning! This Is A Subliminal Tagline! Read it at your own risk!(Presented by TagLines R US))
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To: VideoDoctor

If you read the article, you find out, “As of May 31, the firm managed approximately $1.58 billion.” Hunter Biden got $1.5 B from the CCP as a payoff to daddy.


40 posted on 06/22/2020 7:50:32 PM PDT by Kozy (new age haruspex; "Everyone has a plan 'till they get punched in the mouth.")
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