Some restaurant landlords are temporarily switching from fixed-rate rents to rents based only on a share of the tenant’s gross sales or revenue, in an effort to help these businesses survive.
Krazy Hog BBQ in Chicago, closed since March, reboots under DoorDash’s Reopen for Delivery initiative; the delivery operator is matching shuttered restaurants with ghost kitchen operators
Blackstone has struck a deal to acquire Simple Self Storage in a deal worth about $1.2 billion, according to The Wall Street Journal. The New York Times has reported that Dunkin’ Brands is in talks to sell itself and go private in a deal that would be worth $8.8 billion. These are among today’s must reads from around the commercial real estate industry.
