"The problem did not emerge until several mortgage lenders reviewed their lending criteria". Last month, it informed residents that the only solution would be for them to pay the cost of it extending its lease on the building, which would reduce the ground rent to a peppercorn.
The General Services Administration made it clear that it would not renew its lease on the 12th and 14th floors when it expired in 2005.
The Cherry Lane Theater announced last July that for cost-cutting reasons it would not renew its lease on the Cherry Pit when it ended last December.
It also broke its lease on its television production studio and ended its live audience for "The Martha Stewart Show".
But then, perhaps, there lies the magic of a skyscraper: that it exists, that it still holds, that its lease on land may be renewed another 10 years.
In a move that wildlife biologists say has spared an African Eden, a German logging company said yesterday that it had given up its lease on a tract of swamp-fringed rain forest in the Congo Republic.
A1 Reprieve for African Eden A German logging company said it had given up its lease on a pristine tract of swamp-fringed rain forest in the Congo Republic, a move that wildlife biologists say has spared an African Eden.
"Where am I going to go?" At the beginning of April, Brunswick Corporation, the company that has operated Woodhaven Lanes since 1966, announced that it would not renew its lease on the bowling alley.
He hopes the new version of P&G — the old one is losing its lease on Wednesday because of a rent increase and has until February to move — can succeed like the original.
But Cox said the company in charge of the toll road after its bankruptcy was able to convince SANDAG that its business was worth the larger amount, because of arguments that it might be able to extend its lease on the road, chop executives' salaries and reduce its property taxes.
The consortium has entered into serious negotiations with the city to extend its lease on Terminal 4 beyond 2015, enabling it to spread out its debt payments.
