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The company reported about $3.4 billion in sales in 2019, but like most consumer-driven businesses, Fertitta’s chains were hit hard by the coronavirus.
Knotel filed for chapter 11 bankruptcy protection and will be taken over by Newmark Group, reports The Wall Street Journal. The WeWork meltdown will get turned into a prestige limited series by Apple with Jared Leto and Anne Hathaway starring, according to The Verge. These are among today’s must reads from around the commercial real estate industry.
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