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JUST POSTED: Rising revenues at NYC & San Fran office towers that Pres Trump has a stake in r helping boost Trump Org's bottom line--offsetting declines/flat business at certain Trump hotels hurt by customers turning away from Trump brand. with @SteveEder
nytimes.com/2019/12/25/us/…
@SteveEder To report on this story, in addition to visiting office towers in NY and San Francisco that Trump owns or has a stake in, we visited Trump Doral in November. Yes, it was a weekday, but the place was surprisingly quiet.
@SteveEder What was most striking was that despite massive meeting room space the resort has, there were no big corporate events being held. Just a few small business gatherings. Certain corporations seem less willing now to hold corporate events at Trump venues where,There is this stuff
@SteveEder But the office towers on Sixth Avenue in NYC and in San Francisco, and a third near Wall Street--are nearly fully leased, and just pumping out cash. Major increases in lease revenue. And new tenants coming in.
@SteveEder Trump owns 30 percent of 1290 AVENUE OF THE AMERICAS in NYC and of 555 CALIFORNIA STREET in San Francisco, with rest owned by Vornado, the real estate giant. Ironically, Trump Org is seeing biggest gains in cities where he is perhaps least popular. Some tenants in San Fran tower
@SteveEder Here is the story again. Give it a read and tweet. nytimes.com/2019/12/25/us/…
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