Tim Durham’s Obsidian Enterprises Inc. plans to vacate the top floor of the state’s tallest building next month,
real estate sources say.
The leveraged-buyout firm subleases the 48th
floor of downtown’s Chase Tower from JPMorgan Chase & Co. but hasn’t
paid rent for a couple of months and has agreed to give the space back.
Obsidian has been closed since Nov. 24, when FBI agents converged on the office and seized documents and computers. Agents
simultaneously raided another Durham company: Akron, Ohio-based Fair Finance Co.
Federal prosecutors alleged
in a court filing that day that Fair operated as a Ponzi scheme, using money raised
from selling investment certificates to pay off earlier investors.
Durham could not be reached for comment this morning.
Obsidian was
committed to the space until 2020, when Chase’s lease as anchor tenant comes up. It
signed the sublease in 2002, a short time after the bank moved its executives offices to a lower floor.
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Ameriana Bank took over Westfield Farmers Market for 2013 and it is held in their parking lot, corner of 32 and Carey road, 5 to 8. I am selling soap and candles there. great market!
B&T certainly has enough of our taxpayer dollars to do this thanks to Mayor Ballard. Given the firm's exceedingly poor reputation in the legal community, the basement would seem a better option.
Should read MAY hire 20 people.
Not a good location for a 300,000 home. 10th Street fumes, buses, noise. Max for this location 150,000.
The state constitution also does not say that the majority has a right to quorum, nor that the minority is required to allow them quorum. In fact, denial of quorum has been a parliamentary maneuver since the establishment of the first parliaments in the early 1600s. The right to deny quorum (and the requirement fore quorum) are to prevent exactly what happened in Indiana: A tyrannical majority pushing through odious, objectionable legislation. Denial of quorum is totally legitimate, and lest we forget, a tactic the GOP has employed many, many times to ensure their issues weren't given short shrift. By allowing the majority to impose "fines" on the minority for exercising the authority the constitution grants them (to deny quorum,) they are violating the constitution.