The COVID-19 pandemic has pushed Jack in the Box to look beyond the traditional definition of value, CEO Lenny Comma said. Value is usually equated with price and the quantity one receives for that price. But Comma said consumers’ evaluation… Read More
(Bloomberg)—The world’s biggest real estate investors are sitting on piles of cash, preparing for once-in-a-lifetime opportunities created by the pandemic. With economies around the world sputtering, commercial real estate prices are expected to come down. How much they’ll fall is… Read More
On Wednesday, a new California law was proposed in the Senate that would allow all small businesses financially hurt by the coronavirus pandemic to be able to renegotiate their lease and leave the lease more easily, as well as halting… Read More
Democrats in the House of Representatives presented a $3 trillion stimulus package Tuesday that includes changes to the Paycheck Protection Program requested by voices in the restaurant industry. The program provides loans to small businesses contingent upon them rehiring employees…. Read More
The outlook for post-COVID-19 restaurant expansion remains cloudy, but a slowdown in new-unit development is inevitable, according to operators and observers. Some operators that were well-financed before the pandemic and have business models that support off-premise dining could be poised… Read More
Agencies, life companies, banks and other sources have shown a willingness to do deals on well-positioned assets. When the Fed slashed rates to near zero two months ago, there was speculation that it would fuel a wave of commercial real… Read More
Even as COVID-19 continues to wreak havoc with the global economy—putting the majority of commercial real estate investment activity on pause—entities are lining up gobs of capital to pounce on distressed real estate opportunities expected to arise in the coming… Read More
The CARES Act includes several tax-related provisions intended to mitigate the adverse economic effects of the health crisis by reducing tax burdens and getting cash into the hands of taxpayers sooner. Most of these tax provisions relax changes made by… Read More
Not too long ago, Taco Bell CEO Mark King was dreaming big about the chain’s future – one where he pledged to grow the wildly popular Yum Brands division into a $20 billion business. But like other restaurant CEOs today,… Read More
For the third consecutive week, restaurant chains witnessed year-over-year same-store sales improve versus the previous period, according to Black Box Intelligence. Comps for the week ending April 19 declined 47.6 percent—the best result since March 15 and an 11.3 percent… Read More