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Its consumer-credit and leasing operations sit awkwardly in an investment bank.
Citigroup sold its Travelers Life and Annuity business and asset management arm, and part of its commercial leasing operations.
Ms. Salusbury, who leads Related's residential leasing operations, said the idea for a technology concierge evolved from watching residents and learning about their needs.
Chrysler will exit the leasing business beginning Friday, and the financing unit for General Motors said Thursday that it also planned big reductions in its leasing operations.
Although Durst usually handles the leasing operations for its office buildings internally, it has signed up with the Ellis organization to handle the leasing for the CyberCenter.
The government's job is to make sure that all of them are, by ensuring transparency in its leasing operations, upholding environmental laws and reminding leaseholders that they hold their leases in trust for the rest of us.
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The investor consortium will take advantage of the leasing operation's booming business in China, which the company said it expected to account for much of its future growth.
"I think they saw an opportunity to release more value from Qantas by setting up a leasing operation and using the fleet in a different way, and that is what we look like we will do, too," Mr. Dixon said.
Edmund and Kathleen Bennett, founders of the Bennett Funding Group, the collapsed office-equipment leasing operation in Syracuse that prosecutors say bilked 12,000 investors out of nearly $700 million in a huge Ponzi scheme, argued in Federal bankruptcy court last week that Richard Breeden, the former chairman of the Securities and Exchange Commission, ought to pay them $5.8 billion in damages.
As mentioned, an outright sale of the leasing operation is one possible outcome, and outside parties have already shown interest in such a sale according to our source.
The transaction follows in close order the sale of Citi's truck leasing unit to General Electric last fall for $4.4 billion and the earlier divestiture of its European vendor-finance leasing operation to CIT Group.
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CEO of Professional Science Editing for Scientists @ prosciediting.com