The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Upal Rana - KeyBanc Capital Markets Inc - Analyst
: Great. Thank you. Good morning out there. Jamie, could you walk us through? How the renewal would we work at Block 83 games to fruition? And
do you have any plans or expectations after the lease expires in 2026.
Question: Upal Rana - KeyBanc Capital Markets Inc - Analyst
: Okay, great. And then regarding occupancy, what are some of the moving pieces that get you to that 85.5% midpoint of your guidance? And, and
I know I'm sure we work is, is a big driver of that, but is there anything else there that's included in your assumption?
Question: Upal Rana - KeyBanc Capital Markets Inc - Analyst
: Okay, great. That was helpful. And then last one for me, you know, you mentioned on a prior call that you started to see interest from relatively
larger tenants, is that still the case or what sort of tenant demographics are you seeing in regards to leasing demand today?
Question: Barry Oxford - Colliers Securities - Analyst
: Great. Thanks guys. Jamie, when you're looking and signing leases, what are you seeing today? Like maybe versus a year ago when it comes to
concessions and free rent? Are you having to kind of give more to get deals done or are you holding the line and actually doing better?
Question: Barry Oxford - Colliers Securities - Analyst
: Okay, great, great. And then tell me, I know you don't have a lot of expirations, but as, as you work into 25 and the later half of 25. Do you anticipate
the banks giving you a lot of pushback on refinancing or? Look, I'm in conversations with them Barry and right now I don't think we're going to
have difficulty.
Question: Barry Oxford - Colliers Securities - Analyst
: Great. Thanks for the color guys.
Question: Craig Kucera - Lucid Capital Markets - Analyst
: Yeah. Hey, good morning guys. It looks like the bulk of occupancy games are occurring here in the fourth quarter. Can you give us some color on
when the remaining called 100 to 150 basis points are expected to take occupancy and start paying rent in 25.
Question: Craig Kucera - Lucid Capital Markets - Analyst
: Okay, great. You're changing gears. I'd like to talk about the city center redevelopment. How, how would city office monetize that? I mean, you
know, most likely, I would think maybe a sale to the developer might make sense or, but could it be a ground lease or maybe some sort of revenue
sharing agreement? Any color that would be appreciated?
Question: Craig Kucera - Lucid Capital Markets - Analyst
: Got it, Okay. And, and just one more for me, you know, looking at 2025 debt maturity, I I know they're all in the fourth quarter of next year. But you
know, are you giving some thought to how you anticipate handling them after using a lot of liquidity here in the third quarter with a line of credit?
You know, maybe exploring using Block 83 as a source of liquidity or other sources.
Question: Craig Kucera - Lucid Capital Markets - Analyst
: Okay, great. Appreciate the coming guys. Thanks.
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