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April 29, 2020

Scores Of Restaurants Are Likely To Close For Good, Reshaping The Retail Market

The restaurant industry is preparing for a long, uphill battle.  

With government relief measures not working for many restaurant businesses and takeout service not providing sustainable revenue, industry leaders expect this crisis will lead to the permanent closure of a large number of restaurants.  

Scores Of Restaurants Are Likely To Close For Good, Reshaping The Retail Market

The restaurant closures will come not only from those that are unable to reopen after the mandated shutdown, but those that try to resume business and are unable to turn a profit, experts say.Social distancing guidelines and slower consumer spending could cut top-line revenues in half, restaurant owners told Bisnow,…

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Chicago Grants Approval For Another Amazon Fulfillment Center

Chicago Grants Approval For Another Amazon Fulfillment Center

Ryan Cos. US received a $50M construction permit Monday for a 145K SF distribution facility at 100500 South Woodlawn Ave., which will be used by mega-retailer Amazon.The site was once occupied by Ryerson Steel Mill in Chicago’s

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My New Normal: FORE Partnership Managing Director Basil Demeroutis On Collecting the Rent, Housing The NHS And Too Much Celery Soup

 

This series aims to capture a moment in time, talking to men and women in commercial real estate about how their lives and businesses are being transformed by the coronavirus pandemic.

Office landlords face few of the immediate pressures that cause sleepless nights for rivals in the retail and leisure sectors. But the June quarter day could prove their escape was only a temporary reprieve.

FORE Partnership Managing Director Basil Demeroutis presides over a £560M office portfolio that stretches from London’s Victoria Embankment to Aberdeen. One FORE building, the 70K SF Windmill Green office building in Manchester, is in the thick of the coronavirus crisis thanks to housing NHS administrative staff running the city’s new Nightingale field hospital (located in the Manchester Central conference centre next door).

Worrying about the June quarter day, preparing for a new office market post-pandemic, and the dangers of too much celery soup are Demeroutis’ new normal.

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Property Tax Collections Are A Must For County Burdened By Pandemic And A Vulnerable Population Property Tax Collections Are A Must For County Burdened By Pandemic And A Vulnerable Population
 
 
 
       
 
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