Did they pay for the renovations though?
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Not sure. Good question!
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They have to pay all those settlements and legal fees somehow....¯\_(ツ)_/¯
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That's not counting the millions in construction and renovation, that I imagine were at least $50 million.
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Land speculation. The way to make money without working.
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The economy is powered by productive investments
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that 1-year 5x flip prior to Uber tho
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True, but post massive money on full renovation, right?
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Nevermind - $40M of renovation paid by prior owners: https://www.bizjournals.com/sanfrancisco/blog/real-estate/2015/09/uber-oakland-lane-partners-walton-street-capital.html … so could be largely profit.
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That is messed up.
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