Introduction:
This outline follows the developments in the commercial real estate market, previously depicted on this Blog and centers on the actions of one of the Nation’s top Defense Contractors, NGC, which is reported to have undertaken some puzzling moves in the summer of 2010 that left some amazed after this Corporate Giant’s announcement of its intent to move its headquarters from southern CA generally and LA specifically to northern VA and purchase instead of lease an office in the Falls Church, VA area.
Here are the Facts Behind this Development:
First of all, NGC is reported to have gotten a very good deal on the property. In addition, the 14-story office building owner in-part, an affiliate of ING NV of the Netherlands as reported in the July 21, 2010 edition of that Business Street Daily/Weekend Publication (C6), was being sold for at least a minimum of $78.6 million and no more than $105 million (the price paid by ING to the Wireless Industry “Carnder” VW in 2007).
NGC considered their options before deciding to purchase, reversing a 20-year pattern of leasing versus purchasing real estate property. The factors that influenced their decision reportedly are: a) the low cost of borrowing (if you are a Defense Contractor), b) proposed new rule changes in accounting standards that could make it less attractive to lease real estate, c) the chosen location placing NGC close to its main customer base, the Pentagon in Washington, DC and d) an incentive package of grants and infrastructure improvements from State and local government totaling approximately $16 million. A Company Representative pointed out “buying made more sense, anyway; it just made more sense in the light of the (accounting) rules”. The Company, was reported to be planning to pay cash for the property and not assume any debt in the deal that will relocate its (lean) executive workforce totaling some 300 to its new headquarters with a target date scheduled for the summer of 2011 assuming the purchase is completed as planned.
These proposed accounting Rule changes, which ends the practice by corporations of showing the cost of leasing their properties as an expense but not as a liability is scheduled for implementation this year 2013. Companies would be forced to show leasing, which is a significant operating cost as a liability on their balance sheets.
Those corporate entities now armed with the “voice to speak”, may find it more difficult to obtain leased locations from, which to “speak”. THERE MAYBE AN ELEMENT OF FAIRNESS IN HOW ALL EVENTS HAVE A WAY OF COMING TOGETHER AND WORKING OUT; in the matter relating to those of the "free loader's cause" types, "without origins"; taking the passing of the 1st Amendment “free speech rights” legislation and abusing it by misapplying it in a manner not intended on one hand, and then attempting to find plentiful corporate space to exercise those “rights” by adopting a posture that what they were brandishing was not stolen, when the complete opposite was the case. As a matter of fact, not only was the identities, accomplishments, history and qualifications stolen, but they were being held together by such tenuous connections that the only thing required to expose it's inner "nakedness" was a slight whiff in just the right place.
The unavailability of plentiful corporate leasing space, subsequently making locating of offices more difficult in the current market for all being harder to obtain (excluding those with the resources of Giant Defense Contractor types of course); because the change in the accounting rule being implementing this year (2013), makes it very, very unattractive financially to lease corporate office space, but more so to purchase instead as giant defense contractor NGC did (and, which is also available as well to others with their type of cash reserves).
Conclusion:
However, this singular development in itself may not be a sufficient deterrent to the type of "uncontrollable monster" those of the "free loader's cause", collectively have become WHILE TAKING NO RESPONSIBILITY FOR THEIR ACTIONS OR PAYING TAXES INDIVIDUALLY IN THEIR OWN IDENTITIES OR AS AN ENTITY COLLECTIVELY; but it's exposure of their:
This outline follows the developments in the commercial real estate market, previously depicted on this Blog and centers on the actions of one of the Nation’s top Defense Contractors, NGC, which is reported to have undertaken some puzzling moves in the summer of 2010 that left some amazed after this Corporate Giant’s announcement of its intent to move its headquarters from southern CA generally and LA specifically to northern VA and purchase instead of lease an office in the Falls Church, VA area.
Here are the Facts Behind this Development:
First of all, NGC is reported to have gotten a very good deal on the property. In addition, the 14-story office building owner in-part, an affiliate of ING NV of the Netherlands as reported in the July 21, 2010 edition of that Business Street Daily/Weekend Publication (C6), was being sold for at least a minimum of $78.6 million and no more than $105 million (the price paid by ING to the Wireless Industry “Carnder” VW in 2007).
NGC considered their options before deciding to purchase, reversing a 20-year pattern of leasing versus purchasing real estate property. The factors that influenced their decision reportedly are: a) the low cost of borrowing (if you are a Defense Contractor), b) proposed new rule changes in accounting standards that could make it less attractive to lease real estate, c) the chosen location placing NGC close to its main customer base, the Pentagon in Washington, DC and d) an incentive package of grants and infrastructure improvements from State and local government totaling approximately $16 million. A Company Representative pointed out “buying made more sense, anyway; it just made more sense in the light of the (accounting) rules”. The Company, was reported to be planning to pay cash for the property and not assume any debt in the deal that will relocate its (lean) executive workforce totaling some 300 to its new headquarters with a target date scheduled for the summer of 2011 assuming the purchase is completed as planned.
These proposed accounting Rule changes, which ends the practice by corporations of showing the cost of leasing their properties as an expense but not as a liability is scheduled for implementation this year 2013. Companies would be forced to show leasing, which is a significant operating cost as a liability on their balance sheets.
The Implications/Outcome:
While the full impact of the Rule changes were unclear as
of the time of the article, there appears to be agreement that the it is likely
to make it more difficult for corporations to borrow (especially those who ever
included corporate "corporate free loaders" in their ranks in major positions). Admittedly,
the RER, (a real estate trade group) is concerned that the Rule would put
pressure on corporations to sign short-term leases, consequently reducing building
owners’ ability to obtain long-term leases, typically a key to their financing
strategies. It is likely these are the very factors that influenced ING NV’s decision
to sell its interest in the office building (rather than face the task of
searching for long-term leasing clients in an unattractive long-term leasing
environment). Those corporate entities now armed with the “voice to speak”, may find it more difficult to obtain leased locations from, which to “speak”. THERE MAYBE AN ELEMENT OF FAIRNESS IN HOW ALL EVENTS HAVE A WAY OF COMING TOGETHER AND WORKING OUT; in the matter relating to those of the "free loader's cause" types, "without origins"; taking the passing of the 1st Amendment “free speech rights” legislation and abusing it by misapplying it in a manner not intended on one hand, and then attempting to find plentiful corporate space to exercise those “rights” by adopting a posture that what they were brandishing was not stolen, when the complete opposite was the case. As a matter of fact, not only was the identities, accomplishments, history and qualifications stolen, but they were being held together by such tenuous connections that the only thing required to expose it's inner "nakedness" was a slight whiff in just the right place.
The unavailability of plentiful corporate leasing space, subsequently making locating of offices more difficult in the current market for all being harder to obtain (excluding those with the resources of Giant Defense Contractor types of course); because the change in the accounting rule being implementing this year (2013), makes it very, very unattractive financially to lease corporate office space, but more so to purchase instead as giant defense contractor NGC did (and, which is also available as well to others with their type of cash reserves).
Conclusion:
However, this singular development in itself may not be a sufficient deterrent to the type of "uncontrollable monster" those of the "free loader's cause", collectively have become WHILE TAKING NO RESPONSIBILITY FOR THEIR ACTIONS OR PAYING TAXES INDIVIDUALLY IN THEIR OWN IDENTITIES OR AS AN ENTITY COLLECTIVELY; but it's exposure of their:
- presence,
- actions,
- activities
- methods (including heinous examples) on the pages of this Blog by connecting the dots as documented in the post HISTORICAL FACTS CANNOT BE ALTERED BY CURRENT EVENTS - UPDATED and
- specific actions as depicted in posts such as in the Finale/Outcome section of ETHICAL TREATMENT OF OTHERS SHOULD ALWAYS BE PRACTICED - EDITED AND UPDATED as well as the Conclusion section of THE OUTSPOKEN PEN PAL, WHO BECAME A FRIEND (EDITED W/INSERTS - UPDATED/AMENDED) and THE FINANCIAL CRISIS INQUIRY COMMISSION's (FCIC's) REPORT IN ADDITION TO TIME, ALSO VINDICATES A CRUSADER - UPDATED!; and more generally in the post THE "FREE LOADERS CAUSE" "CREDIBILITY", THEIR STORY IS NOW TOLD - UPDATED as supplemented by the details documented in the itemized listing in the Conclusion section of the post WHAT DOES TREATING OTHERS AS PROPERTY AND THE LOTTERY HAVE IN COMMON - UPDATED AND AMENDED,
- ability to generally attempt to manipulate historical FACTS even at the Court level when not expecting others to subject their version of the FACTS to close scrutiny, while
- relying on the "status" of such types and
- the current words of an expedient vindictive impostor type as described in Comment #1 from 5/29/2015, 7/7/2015 and 8/2/2015 on the Cosvry Investments COMMENTS Page, to cover-up their own expedient actions to "win"-the-day for them as well as in the post WHEN SACRIFICING IS IMPLEMENTED BY DECREE - UPDATED that have made their normally clandestine actions more visible and/or publicly noticeable that have made their operation increasingly more challenging.
However, these activities alone have not stopped their functioning because of how widespread they are embedded in our society and the "grip" that they have on this unique Nation's "power" sources [both financial, (that some specific ethnic types groups with questionable historical records as referenced in the post LABELS NUMBERS AND ACCIDENTS) think are theirs to control at the expense of all others) and political as documented in the Here are Selected Examples for Consideration section of the post AT WHAT PRICE LOYALTY - UPDATED AND AMENDED], which enables them and their supporters to continue "somewhat unaffected" due to:
- the VERY, VERY MANY "two faced" types in various occupations as generally described in The Finale section of the post THE METHODS OF "FREE LOADERS" - UPDATED (especially those involved in the "entertainment" industry as marginally successful "stars" of the "a" and "b"- list kind) as well as those who "attach" themselves to such in addition to others in all walks of life today such as for example, those who surrounded me in my previous workplace by choice to support such types as documented in the Footnote description in the post THE CONDITIONAL PRICE OF VOLUNTEERING'S FINAL CHOICES - UPDATED, who make up their ranks and continue to practice their trade even in public unexpected places as depicted in the "There is nothing unfair..." paragraph in the Conclusion section of the post WHAT DOES TREATING OTHERS AS PROPERTY AND THE LOTTERY HAVE IN COMMON - UPDATES AND AMENDED.
- the bizarre examples/methods used by such types as documented in # 5 from the listing and in the last part of The outcome section generally of the post A BADLY SCRIPTED DRAMA P UPDATED and
- their (supporters) ability to continue to prop-up the "made-up" "foundations" for such types regardless of the sinking life boat their are "floating" on at sea by imperiling the lives and destroying the rights of others as generally documented in the post GARBAGE IN - (
SWEET SMELLING ODORS), GARBAGE OUT, which is graphically depicted in the post the Conclusion section of the post ETHICAL TREATMENT OF OTHERS SHOULD ALWAYS BE PRACTICED - EDITED/UPDATED AND AMENDED that has permitted them to continue "functioning" somewhat unimpeded. as indicated in the 1st bulleted highlight indicates.
Real success will come for me when the "entitled" supporters of such types find another path to provide these "free loader cause" types with their hog "manure" structures and "without origins", with the continued "support" they need that does NOT include my history, identity/heritage, accomplishments and qualifications (or my solid "foundations") for the purpose of providing such a cloned operation with the "heavenly" links sought to provide the "halo effect" required for this type of model as documented in the underlined details prior to and after the CONSISTENT WITH MY DECISION... in the Here are the Facts section of the post HOW TO VIOLATE FERPA AND STILL COMPLY WITH THE INTENT OF THE LAW - EDITED/UPDATED AND AMENDED that's specifically called out in chapter 17 of the Biblical book of Revelation by the name its authors deserve supplemented with the details discussed in the Footnote and generally in the post ETHICAL TREATMENT OF OTHERS SHOULD ALWAYS BE PRACTICED - EDITED/UPDATED AND AMENDED and I am permitted to carry on with my plans as outlined in the Pages of the Blog COSVRY INVESTMENTS on receipt of the funds owed me for my material used as documented in the post TIME FOR THE "OVERLOOKED" PAYMENT IS FINALLY HERE, MR. BUFFETT - EDITED AND AMENDED.
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