1. deercreekmichael's Avatar
    Just heard in the news that BlackBerry sold its headquarters in Texas. However, they will continue to be a tenant of the facility.
    http://business.financialpost.com/20..._lsa=7252-8884
    Posted via CB10 on my Z10
    03-11-14 08:02 AM
  2. jaydee5799's Avatar
    Yes that happened last week, did it not?
    03-11-14 08:27 AM
  3. deercreekmichael's Avatar
    Probably. But I just heard it this morning on 680 AM News.

    Posted via CB10 on my Z10
    03-11-14 08:38 AM
  4. beantownwindsorite's Avatar
    This is great news. They need to get lean

    Posted via CB10
    03-11-14 09:32 AM
  5. playbookster's Avatar
    Good, it was mostly an empty building anyway

    C001B7B16 The Gif Exchange
    03-11-14 09:40 AM
  6. rohetaku's Avatar
    Why wasn't this on the front page of crackberry.com?

    Posted via CB10
    03-11-14 10:47 AM
  7. KDB84's Avatar
    They've been doing this for months - selling their real estate holdings and leasing back what they need. There was an article about it on CrackBerry awhile back (not specifically for Texas, just in general selling down of assets). It makes good business sense (in fact, that's what my company does - we have no interest in being property-owners, that's not our business).
    03-11-14 10:55 AM
  8. toner123's Avatar
    They did this in waterloo also, sold it to the university then leased some back. It's a way to reduce cost quickly and get cash flow

    Posted via CB10
    03-11-14 01:19 PM

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