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Jeddah Tower 3,281'
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KJP last won the day on August 23

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About KJP

  • Birthday 08/05/1967


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    "The early bird gets the worm, but the second mouse gets the cheese." --Steven Wright

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  1. No one has left yet. DiGeronimo approached SHW, not the other way around. And just like in Cleveland, where many corporations are moving to downtown from the suburbs, there are always exceptions even in healthy downtowns.... TORONTO: https://business.financialpost.com/real-estate/property-post/suburban-offices-outpace-downtown-for-the-first-time-in-a-year MINNEAPOLIS: https://finance-commerce.com/2018/03/former-target-campus-may-appeal-to-downtown-tenants/ SEATTLE: https://www.geekwire.com/2019/exclusive-amazon-moving-thousands-employees-seattle-relocating-key-division-nearby-city/ SAN FRANCISCO: https://www.bizjournals.com/sanfrancisco/news/2018/10/09/bay-area-exodus-headquarters-move.html If you think NEO is circling the drain, you're not paying attention to the employment data.
  2. Good timing to get the building glassed-in for winter and interior work.
  3. Nothing is for certain until a formal announcement is made. And we may be months away from that. I don't expect anything this year. Keep an eye on SHW's cash flow. If it keeps flowing, we should hear something before this time next year...... Sherwin-Williams' (SHW) Shares Rise 34% YTD: Here's Why https://finance.yahoo.com/news/sherwin-williams-shw-shares-rise-121212292.html BTW, to emphasize the importance of cash flow, consider that, six months ago, SHW had been on a glidepath to get its long-term debt down to a 2:1 ratio by December 2019. But it's already five months ahead of that pace. On June 30, I expected that long-term debt would be $8.12 billion. Instead, it was $7.2 billion. Shareholder equity is only slightly below where I expected it to be on June 30, 2019. I expected that it would be at about $3.77 billion. Instead it was at $3.75 billion. It's debt-to-equity ratio on June 30 was already below 2:1 -- at 1.92:1. According to second-hand sources, SHW officials have said that they wouldn't consider building a new HQ until its debt was down to reasonable levels (I assume that to mean industry norms of 1:1 ratio). I wasn't expecting SHW to hit that level until the end of 2022. If things keep going the way they are, SHW should get its long-term debt down to the industry norm by early 2022. And it takes more than three years to plan and build a skyscraper (even without a site search).
  4. In the old days, when everything was great, the billionaire would only take 800 cookies, give 62.3 to the worker, 48.16 to the immigrant, give the remainder away at the annual factory picnic after which everyone would say they should erect a statue for his benevolence...
  5. My knowledge is in transportation. I don't know much about real estate news except where to find it.
  6. He's a writer for the Brecksville Magazine. His readers are interested in Brecksville. I spoke to him after he put the story to bed. That's OK, it's looking more likely that SHW stays and its R&D stays with it. BTW, I also told him that Brecksville-based Cross Country Mortgage is likely to move its HQ downtown too. The company has bought a lot of property on the east end of downtown, between Superior and Payne.
  7. Welcome @Nickel Plate RR! I'm a big fan of your forum name, and your namesake! I live just 10 houses from it in Lakewood.
  8. Blogger: Sherwin-Williams might be interested in former VA Hospital property http://www.scriptype.com/2019/08/20/blogger-sherwin-williams-might-be-interested-in-former-va-hospital-property/
  9. Must be making an impact to instigate such a fear-mongering opinion piece...
  10. This strawman sure does get around.... That would be the totalitarian form of socialism which is very uncommon but provides a useful fear tool for those who like having few people in control of the many, rather than many people in control of the few. The democratic form of socialism turns private goods into public goods to make them more accessible so that more people (and private employers) can benefit from them, such as health care, highways, Internet, parks, airports, libraries, mental health facilities, transit systems, coastal areas, railroad infrastructure, etc. Everything else is unnecessary.
  11. Especially since it would save a lot of money -- potentially $30+ million per year -- the state currently spends on cutting grass along its highways.
  12. New rail tunnel from NJ to NYC can be built a lot cheaper, officials announce https://www.nydailynews.com/new-york/ny-gatewat-tunnel-new-price-20190823-gz3tf4obhvdoxnkfqge4eeqrua-story.html
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