Follow the Yankees
Despite a solid, early-season winning record, the New York Yankees were selling grandstand and bleacher seats for $5 this week, according to a dispatch on Yahoo. It's not just because Jeter and A-Rod are on the disabled list and who-knows-who is in the line-up to replace them and some of the other big name stars. Attendance is down, because the average fan just cannot afford the price tags the Yankees envisioned for seating when they formulated plans for their new billion dollar stadium—those $2,500 box seats around home plate, tailored to the Wall Street expense account crowd—have always gone wanting since the new stadium opened in 2009 and now Yankees tickets are always available for online resale at a fraction of face value. The Yankees, meanwhile, are trying to get out from under the salary cap after paying egregiously outlandish salaries to A-Rod and others before the Era of Less took hold. If Average Joe cannot keep up, eventually the guys at the top of the compensation pyramid will make less too.
NEW YORK CITY—Bearing the American Finance Trust name, the merged entity is a retail-focused REIT with an enterprise value of approximately $3.9 billion.
BOISE, ID—The new hire brings more than 35 years’ experience in commercial real estate finance to the middle-market loan provider.
NEWPORT BEACH, CA—A “forest for the trees” mentality, in addition to seeking yield for investors, is causing firms based in other markets to expand to the West Coast, creating more demand for talent in a tight market, RETS’ Kent Elliott tells GlobeSt.com.
Middle Market Digest
Here’s a look at this week's trends, announcements and deals that you may have missed in the country’s North West region.