Leases

Last year wasn’t easy on Amos Watts. But, with a new location secured for his restaurant, he thinks 2024 is already looking better. The Fifth String — which Watts originally opened in LoHi in 2020 — will reopen in 3,200 square feet at 1490 Eudora St., along East Colfax in the Hale neighborhood. Watts said he closed the LoHi location in August because the space wasn’t right for the restaurant. But there was another complicating factor: doctors found benign tumors on his jaw. Watts said he knew The Fifth String wouldn’t…

If you want to try an EV out before getting locked into a long-term contract, there’s an option for you. EV micro leases are taking off, giving shoppers added flexibility with new models launching next year. Are you waiting for that new electric SUV coming out next year? Or, perhaps, you don’t want to commit to a long-term contract. Either way, EV micro leases may be an option for you. In October, Polestar launched its Flexible Lease program. The new option eliminates the worst part of…

Whole Foods Market has signed a lease for a 137,000-square-foot distribution center in the HighPoint Elevated industrial park under construction near Denver International Airport. CBRE, a commercial real estate services and investment firm, said Thursday that it arranged the lease on the center, which will serve Whole Foods stores across the region. The build-to-suit space will occupy an entire building at the site in Aurora. The building will be at the intersection of Denali Road and 60th Avenue. The site is near…

Uber drivers won't just have easy access to Tesla cars when they want to switch to EVs. Ford and Uber are launching an expanded Drive pilot program that provides a flexible Mustang Mach-E lease to rideshare drivers in Los Angeles, San Diego and San Francisco. Operators pick leases in one- to four-month increments, and get their Mach-E within two weeks. After that, they use a Ford Drive app to handle payments and maintenance. Ford, meanwhile, buys fleets of the electric crossovers from dealerships and uses them for…

Ford is partnering with Uber to offer flexible, no-commitment Mustang Mach-E leases for rideshare drivers. The first-of-its-kind agreement is designed to promote EVs while cutting emissions in cities. Ford and Uber expand Mustang Mach-E lease program The program, called Ford Drive, is kicking off in California, allowing rideshare drivers to lease a Mustang Mach-E over a span of one and four-month increments. Ford and Uber initially launched the lease program last year, giving Uber…

Hyundai has been on a roll in the US as the automaker embraces the industry’s transition to electric vehicles. The automaker says EV leases are climbing as buyers take advantage of the tax credit provided by the Inflation Reduction Act (IRA). After the new IRA guidelines took effect in April, electric models with assembly or battery minerals sourced outside the US or its free trade partners lost eligibility – including Hyundai and Kia models. After a breakout year led by the best-selling…

Corvus Coffee has brewed up a deal for a fifth location.  Founder and owner Phil Goodlaxson signed a lease with Charlotte-based Crescent Communities in March to open a coffee shop inside the company’s Novel Rino apartment complex at 1300 40th St.  “I’ve always thought of RiNo as an area where people care about what they’re doing and pursue excellence,” Goodlaxson said.  He said Corvus will open in a lobby-like area, with about 650 square feet dedicated to the coffee operation attached to roughly 1,500 square feet of…

March 29, 2023 5:30 am ET The owners of New York private members club Fasano Fifth Avenue opened in spring 2021 with 12 fully furnished luxury rental residences on Manhattan’s Upper East Side, aiming to meet a demand for bookings of 30 to 60 days.  The new business didn’t turn out as planned. Some guests checked in for a stay of a month or two but ended up staying for a year to 18 months and more. “The…

Idaho Springs brewpub Westbound & Down has leased a new warehouse in Louisville to bring customers more beer. The brewery is moving its supply to the 4,907-square-feet space at 1849 Cherry Street for added cooler space, storage and meeting areas. Jake Gardner, director of brewing for Westbound, said the company hopes to be fully moved in by June — just in time for peak beer season. “This will be focused on keeping a wider variety of beers available,” Gardner said. “We have more space, and we can make more beer.”…

<!----> Total US new vehicle sales for February 2023, including retail and non-retail transactions, are projected to reach 1,117,100 units, a 7.2% increase from February 2022 according to a joint forecast from JD Power and LMC Automotive. February 2023 has the same number of selling…