Long-Term Capital's losses were generated through nine cross-border lease-stripping transactions, complicated arrangements involving several entities and steps.
"Most of the Borders leases had relatively short terms left on them," said Sara Hinckley, the vice president for book buying and promotions for the Hudson Group, adding that Hudson was still interested in other Borders airport locations.
And do your retail neighbors attract the same shopper you're looking for?" Although Books-A-Million has taken over leases for more than a dozen Borders stores, and Barnes & Noble is expected to acquire some of its intellectual property, like the Borders.com Web site, there were few takers for the Borders leases offered at auction in recent weeks under the bankruptcy process.
The Non-Strategic Assets Portfolio segment offers commercial residential development loans, cross-border leases, consumer brokered home equity loans, retail mortgages, non-prime mortgages, and residential construction loans.
As fracking has opened new fields to drilling, and the U.S. has striven to get more of its energy from within its borders, leases from Louisiana to Pennsylvania have been gobbled up.
At the same time, Mr. Hegde, the corruption investigator, is looking into claims that the Reddys have been secretly controlling mining on the Karnataka side of the border by illegally operating leases held by other people — and taking the majority of the ore.
The owner of Chetti's Roadhouse Café, at 182 Route 22, a remote strip just over the Westchester border in Putnam, said his lease was not being renewed because of disputes with his landlord involving money and the fact that the bar catered to a gay clientele.
The company is now moving into the business of providing least-cost routing: software installed on a customer's premises routes a call to a switch over the border in the Netherlands on a leased line, from where the call heads off across the world by whatever the switch calculates as the least expensive route of the moment.
Related declined to comment on a report that the Swedish fast-fashion retailer H&M had agreed to lease about half of the Borders space.
The Borders bankruptcy, which left Related with a lease still five years to run, could have meant a long-running retail black hole while Related and other creditors slugged it out in bankruptcy court.
Janardhan Reddy, alleges Ganesh, used the location to trespass across the border too, where there were 11 mining leases, including that of Ganesh's Tumti Mines.
