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Old 12-29-2019, 09:56 PM
 
Location: North Carolina
88 posts, read 72,103 times
Reputation: 30

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Quote:
Originally Posted by urbancharlotte View Post
That property was recently sold and Duke has agreed to pay a lease.

Duke Energy tower under construction in uptown acquired in record deal

So it seems that Duke Energy is reducing its office "footprint" by 25% and is leasing rather than owning. What are those rascals up to ? Are they trying to be more efficient ? Does Wells Fargo have anything to do with this efficiency ? Will my electric bill go down ?

Last edited by Dr. City; 12-29-2019 at 10:04 PM..

 
Old 12-30-2019, 02:51 AM
Yac
 
6,051 posts, read 7,727,132 times
Please stick to the North Carolina development topics. Had to delete many posts in this thread due to bickering and off topic discussion.
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Old 12-30-2019, 04:40 PM
 
1,092 posts, read 1,148,005 times
Reputation: 2188
Quote:
Originally Posted by Dr. City View Post
So it seems that Duke Energy is reducing its office "footprint" by 25% and is leasing rather than owning. What are those rascals up to ? Are they trying to be more efficient ? Does Wells Fargo have anything to do with this efficiency ? Will my electric bill go down ?
There are lots of changes to lease accounting that are taking effect this year (IFRS required and GAAP optional) and next (GAAP required). I imagine this change is so they have more expense. Seems counter intuitive, but, when you operate a cost-plus monopoly, any expense that can be justified and passed on with a margin to ratepayers is a good thing.
 
Old 12-31-2019, 09:08 AM
 
Location: Washington DC
4,980 posts, read 5,393,399 times
Reputation: 4363
Source for the below; https://youtu.be/x8ahXz-KPGw









https://s3.amazonaws.com/up-bucket-0...dae6973f7.jpeg
 
Old 12-31-2019, 09:23 AM
 
3,083 posts, read 4,856,412 times
Reputation: 1954
Quote:
Originally Posted by Charlotte485 View Post
The Residence Inn looks so out of place
 
Old 12-31-2019, 10:21 AM
 
Location: Greensboro, NC USA
6,156 posts, read 7,222,091 times
Reputation: 2458
Quote:
Originally Posted by Charlotte485 View Post

Fantastic. Charlotte's skyline has grown dramatically since I attended UNC-Charlotte back in 1997.
 
Old 12-31-2019, 01:07 PM
DPK
 
4,594 posts, read 5,726,364 times
Reputation: 6220
Quote:
Originally Posted by HP91 View Post
The Residence Inn looks so out of place
Which one is the Residence Inn? From an out-of-towner point of view, nothing stood out for me as being out of place in the above pictures. Outside of that one building that looks like it has a techno rave going on inside it.
 
Old 12-31-2019, 01:28 PM
 
Location: Charlotte
1,409 posts, read 1,959,790 times
Reputation: 624
Honestly, Charlotte looks just as impressive as Atlanta.
 
Old 12-31-2019, 01:39 PM
 
Location: Raleigh, NC
1,141 posts, read 1,033,646 times
Reputation: 530
Quote:
Originally Posted by YinXyang View Post
Honestly, Charlotte looks just as impressive as Atlanta.
I don't know about all that but it does look very very impressive for a metro it's size. Not just in size and height of uptown but the aesthetic of the buildings and their arrangement.
 
Old 12-31-2019, 02:24 PM
 
Location: Greensboro
511 posts, read 510,792 times
Reputation: 417
Quote:
Originally Posted by DPK View Post
Which one is the Residence Inn? From an out-of-towner point of view, nothing stood out for me as being out of place in the above pictures. Outside of that one building that looks like it has a techno rave going on inside it.
It's the yellow/beige building. If you look at the 2nd to last photo, it's to the left of Bank of America Stadium between it and the crane.
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