Cheaper leases have restaurants and retailers taking new spaces in Manhattan
July 15, 2021
Restaurant chains signed 23 new lease deals in Manhattan during the second quarter and retailers agreed on 10 others as lower rents are being offered by landlords trying to attract commercial tenants following the damage done to their businesses last year by the novel coronavirus pandemic. “Restaurants are busy right now. Super busy. And so a lot of that deal-making is a bit opportunistic because … people are thinking more about the long-term comeback,” said David LaPierre, vice chairman of CBRE’s global retail services team.
Recent News
loanDepot and MLB Bring Back Ballpark Bingo
loanDepot, the Official Mortgage Provider of Major League Baseball (MLB), is reviving its beloved “Ballpark Bingo: A Celebration of Firsts” campaign for the 2024 season, aiming to further captivate fans in America’s favorite pastime through an interactive sweepstakes.
Amazon Secures Bally Sports RSN Streaming
In a bid to bounce back from bankruptcy, Diamond Sports, parent company of Bally Sports RSNs, struck a deal in January that ropes in Amazon as a minority investor.
7-Eleven Unveils Hot Dog-Flavored Drink
7-Eleven has revealed an array of new 7-Select sparkling waters sporting bold and innovative flavors. Partnering with Miracle Seltzer, 7-Eleven is introducing Lemon Lime, Green Apple, Sweet Orange, and the surprising addition of Hot Dog flavor.
Waffle House Workers Strike for Fair Pay and Better Working Conditions
Waffle House workers in Conyers, Georgia, are now on their third day of striking over what they call the company’s unfair policies. Led by the Union of Southern Service Workers (USSW), Waffle House employees are demanding an end to the mandatory “meal credit” deductions from their paychecks, along with better wages and improved working conditions.