Leasing

Basic Energy Services Announces Completion of Sale-Leaseback Transaction

Retrieved on: 
Monday, May 3, 2021
Oil, Gas, Energy, Leasing, Contract law, Leaseback, Sales, OTC Markets Group, Economy

b'Basic Energy Services, Inc. (OTCQX: BASX) (\xe2\x80\x9cBasic\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d) today announced that it has completed a sale-leaseback transaction related to certain real property in Los Angeles County, California.

Key Points: 
  • b'Basic Energy Services, Inc. (OTCQX: BASX) (\xe2\x80\x9cBasic\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d) today announced that it has completed a sale-leaseback transaction related to certain real property in Los Angeles County, California.
  • The Company has entered into a simultaneous lease of the property for an initial term of three years.\nBasic Energy Services provides wellsite services essential to maintaining production from the oil and gas wells within its operating areas.
  • Additional information on Basic Energy Services is available on the Company\xe2\x80\x99s website at www.basices.com .\nThis release includes \xe2\x80\x9cforward-looking statements\xe2\x80\x9d within the meaning of the federal and securities laws.
  • While Basic makes these statements and projections in good faith, neither Basic nor its management can guarantee that the transactions will be consummated or that anticipated future results will be achieved.

Presidential Auto Leasing -- Above & Beyond

Retrieved on: 
Monday, May 3, 2021
Leasing, Business law, Contract law, Vehicle leasing, Economy, Articles, Law

b'NEW YORK, May 3, 2021 /PRNewswire/ -- Brooklyn is a known hot spot of the auto leasing business in the region and Presidential Auto Leasing is on the map of Brook for a reason.

Key Points: 
  • b'NEW YORK, May 3, 2021 /PRNewswire/ -- Brooklyn is a known hot spot of the auto leasing business in the region and Presidential Auto Leasing is on the map of Brook for a reason.
  • Whether the service is run in Brooklyn or the Tri-State area, Presidential Auto Leasing customers are always treated as family around the clock.\nBearing an empire state of mind, Presidential Auto Leasing has been ambitiously expanding, now offering a solid variety of services ranging from trade-ins and auto insurance to car hauling and auto body shop.
  • Presidential Auto leasing quickly and efficiently moved all its services online to ensure the well-being of the customers and to help CDC in fighting the global pandemic.
  • The current circumstances have proved us that auto leasing and technology is a good match, indeed.

W. P. Carey Announces Two Industrial Investments Totaling $67 Million

Retrieved on: 
Thursday, April 29, 2021
Leasing, Real property law, Contract law, Leaseback, Sales, Real estate investment trust, Net lease, W. P. Carey, Economy, Property, Law and economics

b'NEW YORK, April 29, 2021 /PRNewswire/ --W. P. Carey Inc. (NYSE: WPC), a leading net lease REIT specializing in corporate sale-leasebacks, build-to-suits and the acquisition of single-tenant net lease properties, today announced two industrial investments totaling $67 million and covering approximately 580,600 square feet.

Key Points: 
  • b'NEW YORK, April 29, 2021 /PRNewswire/ --W. P. Carey Inc. (NYSE: WPC), a leading net lease REIT specializing in corporate sale-leasebacks, build-to-suits and the acquisition of single-tenant net lease properties, today announced two industrial investments totaling $67 million and covering approximately 580,600 square feet.
  • The company serves numerous OEM and Tier I clients, including Ford, General Motors, Paccar and General Electric Appliance.
  • The highly-fungible site is located in a supply-constrained submarket of Detroit in close proximity to both Ford\'s largest production plant and the I-75 highway.
  • For further information on factors that could impact W. P. Carey, reference is made to its filings with the U.S. Securities and Exchange Commission.\n'

Lexington Realty Trust to Report First Quarter 2021 Results and Host Conference Call on May 7, 2021

Retrieved on: 
Monday, April 19, 2021
Contract law, Leaseback, Leasing, Sales, Real estate investment trust, Economy

b'NEW YORK, April 19, 2021 (GLOBE NEWSWIRE) -- Lexington Realty Trust (NYSE:LXP) (\xe2\x80\x9cLexington\xe2\x80\x9d), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced it will release its first quarter 2021 financial results the morning of Friday, May 7, 2021.

Key Points: 
  • b'NEW YORK, April 19, 2021 (GLOBE NEWSWIRE) -- Lexington Realty Trust (NYSE:LXP) (\xe2\x80\x9cLexington\xe2\x80\x9d), a real estate investment trust (REIT) focused on single-tenant industrial real estate investments, today announced it will release its first quarter 2021 financial results the morning of Friday, May 7, 2021.
  • Lexington will host its conference call and webcast that same day at 8:30 a.m., Eastern Time to discuss these results.
  • Lexington seeks to expand its industrial portfolio through build-to-suit transactions, sale-leaseback transactions, development projects and other transactions, including acquisitions.
  • For more information or to follow Lexington on social media, visit www.lxp.com .\n'

Fly Leasing to Report First Quarter 2021 Financial Results on May 13, 2021

Retrieved on: 
Wednesday, April 21, 2021
Finance, Money, Renting, Leasing, BBAM, Aircraft lease, FLY Leasing, GE Capital Aviation Services, Babcock & Brown

b'DUBLIN, April 21, 2021 /PRNewswire/ --Fly Leasing Limited (NYSE: FLY) ("FLY"), a global leader in aircraft leasing, today announced that it will release its first quarter 2021 earnings results before the market opens on Thursday, May 13, 2021.\nGiven the pending transaction that was announced March 29, 2021, FLY will not host a first quarter earnings call.\nFLY is a global aircraft leasing company with a fleet of modern and fuel-efficient commercial jet aircraft.

Key Points: 
  • b'DUBLIN, April 21, 2021 /PRNewswire/ --Fly Leasing Limited (NYSE: FLY) ("FLY"), a global leader in aircraft leasing, today announced that it will release its first quarter 2021 earnings results before the market opens on Thursday, May 13, 2021.\nGiven the pending transaction that was announced March 29, 2021, FLY will not host a first quarter earnings call.\nFLY is a global aircraft leasing company with a fleet of modern and fuel-efficient commercial jet aircraft.
  • FLY leases its aircraft under multi-year operating lease contracts to a diverse group of airlines throughout the world.
  • FLY is managed and serviced by BBAM LP, a worldwide leader in aircraft lease management and financing.
  • For more information visit www.flyleasing.com .\n'

Visual Lease Reports Q1 Milestones in Product, Brand, Thought Leadership and Industry Recognitions

Retrieved on: 
Monday, April 19, 2021
Professional services, Technology, Other Construction & Property, Software, Finance, Construction & Property, Banking, Financial regulation, International Financial Reporting Standards, GASB, Generally Accepted Accounting Principles, Economy, Finance, Money, Leasing

We\xe2\x80\x99ve anticipated this awakening, and we\xe2\x80\x99ve been planning for it,\xe2\x80\x9d said Visual Lease\xe2\x80\x99s founder and CEO, Marc Betesh.

Key Points: 
  • We\xe2\x80\x99ve anticipated this awakening, and we\xe2\x80\x99ve been planning for it,\xe2\x80\x9d said Visual Lease\xe2\x80\x99s founder and CEO, Marc Betesh.
  • "\nTo keep up with announcements from Visual Lease, visit the Visual Lease Newsroom .\nTo register for the next ASC 842 Lease Accounting Milestone Planner webinar, visit here .\nVisual Lease is the #1 lease optimization software for managing, analyzing, streamlining and reporting on lease portfolios.
  • Developed by industry-leading lease professionals and CPAs, it combines GAAP, IFRS and GASB-compliant lease accounting controls with easy, flexible and automated lease management processes.
  • Committed to ongoing innovation and unparalleled customer service, Visual Lease helps organizations transform their lease compliance requirements into financial opportunities.

Argent Retail Advisors Executes 20,000 SF Foothill Crossings Lease in Rancho Cucamonga

Retrieved on: 
Tuesday, April 20, 2021
Leasing, Real estate, Real property law, Property, Landlord–tenant law, Articles, Commercial real estate, Renting, Lease, Retail leasing, Landlord, Commercial property

b'RANCHO CUCAMONGA, Calif., April 19, 2021 /PRNewswire/ --Argent Retail Advisors has executed a 20,000-square-foot lease at Foothill Crossings with STGi, a national medical tenant which provides comprehensive, nationwide healthcare services to federal, state, and local government customers.

Key Points: 
  • b'RANCHO CUCAMONGA, Calif., April 19, 2021 /PRNewswire/ --Argent Retail Advisors has executed a 20,000-square-foot lease at Foothill Crossings with STGi, a national medical tenant which provides comprehensive, nationwide healthcare services to federal, state, and local government customers.
  • Terry Bortnick, President and founder of Argent Retail Advisors, represented the property owner, locally based FC Rancho, LLC, in the 10-year lease agreement.The space is part of a community shopping center located across the street from Victoria Gardens regional mall.
  • A national medical tenant like STGi will drive as much, if not more, foot traffic into the shopping center, which will benefit our restaurants and service retail tenants, and provide a strong, stable rental stream for the landlord from a national medical tenant with an exceptionally strong business.
  • "\nAbout Argent Retail Advisors:Argent Retail Advisors, Inc. is a retail commercial real estate brokerage and consulting firm based in Mission Viejo, California.Since its inception in 2008, Argent has consistently ranked as one of the top Retail Leasing firms in Southern California.\n'

SEC Comment Letters Reveal Lease Accounting Lessons for Private Companies – LeaseQuery Report

Retrieved on: 
Tuesday, April 13, 2021
Commercial Building & Real Estate, Technology, Construction & Property, Finance, Accounting, Professional services, Software, Data management, Residential Building & Real Estate, United States Generally Accepted Accounting Principles, Finance, Accounting, Financial accounting, Money, Leasing, International Financial Reporting Standards

b'After evaluating recent SEC comment letters* on lease accounting disclosures, LeaseQuery , a recognized leader of purpose-built accounting software, announced the findings in its new report, Lease Accounting SECrets Private Companies Can Learn From Public Companies .

Key Points: 
  • b'After evaluating recent SEC comment letters* on lease accounting disclosures, LeaseQuery , a recognized leader of purpose-built accounting software, announced the findings in its new report, Lease Accounting SECrets Private Companies Can Learn From Public Companies .
  • The report uncovers insight into some challenges private companies may encounter when on the other side of implementation - and how to avoid them.\nThe report assesses SEC comment letters on lease accounting disclosures from public companies\xe2\x80\x99 2019 and 2020 filings across a range of industries, including healthcare, biotechnology, retail and financial services.
  • Based on the letters written, it is evident that as private companies gear up for the complex lease accounting transition process for compliance under FASB ASC 842, they should leverage these lessons learned from public companies.\n\xe2\x80\x9cWith the lease accounting transition deadline approaching, private companies must not be complacent in thinking there is ample time to comply,\xe2\x80\x9d said George Azih , CEO and founder of LeaseQuery .
  • The SEC issues comment letters on public financial filings when they conclude disclosures need clarification or correction.

Moneyshake research finds new car leasers seek shorter contracts and lower mileage terms

Retrieved on: 
Thursday, April 15, 2021
Electric vehicles, Business law, Contract law, Leasing, Vehicle leasing, Articles, Charging station, Filling station, Electric car, Surge, Vehicles, Economy

b'KEELE, England, April 15, 2021 /PRNewswire/ -- New research undertaken by car leasing comparison website Moneyshake has shown a surge in the number of people showing interest in getting a new car with lower mileage terms, for fewer years.

Key Points: 
  • b'KEELE, England, April 15, 2021 /PRNewswire/ -- New research undertaken by car leasing comparison website Moneyshake has shown a surge in the number of people showing interest in getting a new car with lower mileage terms, for fewer years.
  • A surge in demand for lower mileage contracts and short-term agreements speaks to underpinning customer confidence in today\'s climate.
  • In light of these trends, the business continues to develop products that empower customers to streamline their options and get the best deal.
  • There are also more electric car charging stations in the UK now than there are petrol stations another encouraging sign for nationwide uptake.

iStar Sets First Quarter 2021 Earnings Release Date and Webcast

Retrieved on: 
Friday, April 16, 2021
Articles, Targeting, Law, Commercial real estate, Leasing, Net lease, Real property law, Finance, Intelligence, surveillance, target acquisition, and reconnaissance, Istar, Lease, New York Stock Exchange

b'iStar Inc. (NYSE: STAR) is focused on reinventing the ground lease sector, unlocking value for real estate owners throughout the country by providing modern, more efficient ground leases on institutional quality properties.

Key Points: 
  • b'iStar Inc. (NYSE: STAR) is focused on reinventing the ground lease sector, unlocking value for real estate owners throughout the country by providing modern, more efficient ground leases on institutional quality properties.
  • As the founder, investment manager and largest shareholder of Safehold Inc. (NYSE: SAFE), the creator of the modern ground lease industry, iStar is using its national investment platform and its historic strengths in finance and net lease to expand the use of modern ground leases within the $7 trillion institutional commercial real estate market.
  • Recognized as a consistent innovator in the real estate markets, iStar specializes in identifying and scaling newly discovered opportunities and has completed more than $40 billion of transactions over the past two decades.
  • Additional information on iStar is available on its website at www.istar.com .\nView original content to download multimedia: http://www.prnewswire.com/news-releases/istar-sets-first-quarter-2021-ea...\n'