9 Stories

Starbucks Sued by Nation's Biggest Mall Operator

Simon Property says company's plan to close Teavana stores will violate mall leases

(Newser) - America's largest shopping mall operator is suing Starbucks—over its tea. Last month, Starbucks announced it would close all 379 of its Teavana stores next year. But in a lawsuit filed last week in Indianapolis, Simon Property Group says the closures are actually scheduled to take place before the... More »

Secret Service Now Stuck in Trailer Outside Trump Tower

They couldn't agree on lease terms with Trump Organization

(Newser) - The agency tasked with protecting President Trump and his family has had to leave a command post amid a lease dispute with the Trump Organization. The Secret Service vacated its command post in Trump Tower, in a unit one floor below the president's apartment, to a trailer on the... More »

Trump Tower May Lease Space to Pentagon

Which, if that happens, raises new questions about president's conflicts of interest

(Newser) - Questions about presidential conflicts of interest resurfaced Wednesday after a Pentagon announcement that it's looking into leasing space in Trump Tower, the New York Times reports. DOD spokesman Lt. Col. JB Brindle said in a statement that, to "meet official mission requirements," it may be necessary to... More »

Obama Puts New Obstacle in Coal Industry's Way

President to announce stop to new coal-mining leases on federal land

(Newser) - During his SOTU address Tuesday, President Obama forewarned he'd "push to change the way we manage our oil and coal resources." Today, part of that blueprint is set to become more clear, with an expected announcement by the president to stop all new coal-mining leases on public... More »

Landlord Sues Tenant Over Derogatory Tweet

Chicago firm claims libel after resident posts mold complaint

(Newser) - Twitter enthusiasts may want to watch what they write—a Chicago landlord has sued a tenant for libel after she posted a Tweet complaining about her apartment, the Tribune reports. “Who said sleeping in a moldy apartment was bad for you? Horizon realty thinks it’s okay,” Amanda... More »

Starbucks Looks to Cut Back on Rent

Coffee chain presses landlords for 20%-25% reductions

(Newser) - Starbucks is asking some of its landlords for a venti favor: lower lease rates by as much as 25%, Bloomberg reports. With the real-estate market in decline, a rep says, “We’re taking advantage of the opportunity,” adding that most landlords foresee a “mutually beneficial situation.”... More »

Coney Island's Astroland to Shut Down

Owner of legendary amusement park can't strike deal on lease

(Newser) - The iconic Astroland, one of two theme parks on New York’s Coney Island, will close for good on Sunday, the New York Post reports. Owner Carol Albert said she couldn't strike a lease deal with the 46-year-old site's developer and landlord. The park’s historic (and bruising) Cyclone rollercoaster... More »

GM, Ford Join Chrysler in Retreat From Leasing

As resale values plummet and credit tightens, automakers leave market

(Newser) - Ford and GM are joining Chrysler in moving away from auto leasing, the Wall Street Journal reports, signalling the end of an era in which leases allowed many Americans to drive more expensive cars than they could afford to buy. The move is prompted by falling prices for used SUVs... More »

Chrysler to Scrap Leasing

Struggling automaker says it will focus more on financing loans

(Newser) - Chrysler will no longer offer auto leases through its financial arm, due to the declining value of used automobiles, particularly trucks and SUVs, the Detroit Free Press reports. Instead, it plans to focus on financing, which could lead to better deals for those who buy cars through loans. Given the... More »

9 Stories