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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: Seaplaner

See-addled is my favorite


81 posted on 06/22/2020 11:34:33 PM PDT by Gasshog
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To: PROCON

Same with Colorado... once a bastion of conservatives in the 1960s.


82 posted on 06/22/2020 11:47:40 PM PDT by Cobra64 (Common sense isnÂ’t common anymore.)
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To: PROCON

New name for Seattle:...LAGO (from Clint Eastwood’s 1973 movie, High Plains Drifter. Paint the city red...ALL of it.


83 posted on 06/23/2020 12:20:45 AM PDT by Gnome1949
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To: CatOwner; All
You just about had me until I saw the "s" for sarcasm.

I mean the Camelback Corrider in Phoenix is a perfect place for investment firms.

Lots or wealthy people living close by, lots of upscale shopping amenities for clients, and golfing in beautiful weather year round with over 200 courses nearby.

Who wants to headquarter their business in a place where the mayor lets communist thugs burn down your building and stake claim to it as a new country?

Seattle is going to suffer badly from these mistakes the mayor and city council are making in support of rioting, looting, and arson versus protection of businesses' commercial assets.

I hope they take it hard in the ass for not realizing which side of the toast is buttered.

84 posted on 06/23/2020 1:16:03 AM PDT by HotHunt
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To: PROCON

bookmark


85 posted on 06/23/2020 2:15:27 AM PDT by GOP Poet
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To: Fai Mao
They should go to Boston.

Boston as in Boston Mass. ?

LOLOLOLOL

86 posted on 06/23/2020 6:33:42 AM PDT by Popman
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To: Dr. Sivana
And AZ has really diverse geography.

Where we are in AZ, we basically get the 4 seasons, mild snowfalls, (last year we had 2 snows of about 4" each) and oh yeah, no emissions testing due to a bit of altitude. And we have, forests, 6 lakes, 2 rivers all within about a 40 minute drive! And for off road fun? It's everywhere. ☺

87 posted on 06/23/2020 4:43:59 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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