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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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Who woulda thunk?

Completely 'Unexpected!'

1 posted on 06/22/2020 7:14:27 PM PDT by PROCON
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To: PROCON

Bookmark


2 posted on 06/22/2020 7:18:24 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: PROCON

3 posted on 06/22/2020 7:19:05 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: PROCON

Seattle will soon look like Gary, Detroit and Dayton. Sad but that’s what democraps do.


4 posted on 06/22/2020 7:23:07 PM PDT by pnut22
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To: PROCON
I get wanting to leave Seattle, but Phoenix? Not exactly stepping up in the world.

I'm sure many of the workers will be excited about this move. /s

5 posted on 06/22/2020 7:25:55 PM PDT by CatOwner
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To: PROCON

Happy now, Madame Mayor?
Big money-bagged corporations are quickly packing their bags and making haste for the nearest airports.
“So long, Suckers!” they said.


6 posted on 06/22/2020 7:26:27 PM PDT by lee martell
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To: PROCON
Seattle needs a new name.

Ideas? Anybody?

Nuevo Caracas comes to mind as a contender.

.

7 posted on 06/22/2020 7:26:46 PM PDT by Seaplaner
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To: CatOwner

They should go to Boston. Arizona might be savable. But it needs to stop importing idiot democraps


8 posted on 06/22/2020 7:28:30 PM PDT by Fai Mao (There is no justice until The PIAPS is legally executed)
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To: PROCON

https://www.12news.com/article/news/crime/two-more-arrested-after-riots-looting-in-scottsdale-bringing-total-to-36-arrests/75-ea3e696f-adbc-461c-ae33-0deedeef33be


9 posted on 06/22/2020 7:28:35 PM PDT by Jane Long (Praise God, from whom ALL blessings flow.)
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To: PROCON

The price of tolerating idiots is high indeed.


10 posted on 06/22/2020 7:29:11 PM PDT by Rurudyne (Standup Philosopher)
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To: PROCON

Unexpectedly.... why would any corporate entity want to stay in Seattle?! Boeing left years ago didn’t they?


11 posted on 06/22/2020 7:29:22 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

Move the company... Leave the communist voters that caused these problems behind... Don’t infest AZ any more than it is...


12 posted on 06/22/2020 7:29:48 PM PDT by SuperLuminal (Where is Sam Adams now that we desperately need him)
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To: pnut22

Yeah, my once conservative birth city of Seattle got Californicated back in the late ‘70’s, early ‘80’s from those escaping high taxes and government regulations and unfortunately, they brought their politics with them.


13 posted on 06/22/2020 7:30:36 PM PDT by PROCON (Molon Labe)
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To: CatOwner

...at least it’s a dry rain.


14 posted on 06/22/2020 7:30:58 PM PDT by who_would_fardels_bear
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To: PROCON
“We’re hearing rumors of 40-story buildings that will be only 20-percent occupied by October,” Smead said.

The city government and the nut job inhabitants have brought it on themselves. They are about to learn a hard lesson. And when they scream to the Federal government for help around the first of the year, I hope President Trump tells them politely to go to hell.

15 posted on 06/22/2020 7:32:46 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: CatOwner

Phoenix is hot as all get out in the summer. And many of these twits seem come from places with relatively nice weather.

Maybe they think of it as improving the odds they’ll harass them for those months?


16 posted on 06/22/2020 7:33:08 PM PDT by Rurudyne (Standup Philosopher)
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To: Rummyfan

Corporate Boeing HQ’s left for Chicago in the late ‘90’s, Boeing airplanes are still made in Seattle and elsewhere.


17 posted on 06/22/2020 7:33:52 PM PDT by PROCON (Molon Labe)
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To: Seaplaner

How about Little Moscow?


18 posted on 06/22/2020 7:34:46 PM PDT by AmericanMermaid
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To: Rurudyne

My kid has been on business to the Phoenix several times during the past four years. Said because of the weather most of the people stay indoors and are out of shape. Surprising number of unhealthy people there.


19 posted on 06/22/2020 7:34:51 PM PDT by CatOwner
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To: AmericanMermaid

More like Little Leningrad.


20 posted on 06/22/2020 7:35:10 PM PDT by dfwgator (Endut! Hoch Hech!)
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