Investments Blog
Supervalu and its dissident investor bury hatchet, bringing acquisition one step closer
Supervalu Inc. and its activist investor have made peace — brining a sale of the company one step closer. Blackwells Capital, the dissident investor that owns 8 percent of Supervalu, announced it has dropped its agenda and is on board with the potential sale of the company to Providence, R.I.-based United Natural Foods in a deal worth $2.9 billion in cash and debt.
In a filing posted Tuesday Blackwells said it has dropped its slate of board candidates, will no longer push a proxy fight and is…
Four Seasons Austin to refresh popular restaurant, bar
The restaurant and bar at the Four Season Hotel — a celebrity haunt and hub for Austin’s elite — is undergoing a facelift with new branding, new menus and modernized decor.
Called the Arborist, the expanded high-end restaurant is scheduled to open this fall and replace Trio, which had been in operation for more than a decade. In the interim, food is still being served at the Four Seasons ballroom.
The new eatery is part of the final phase of a multimillion-dollar, three-year renovation…
Pita Pit franchisees talk successful growth in Jacksonville, planned expansion
After a rookie franchisee hit bit numbers a few years back, Pita Pit started to take notice of Jacksonville. Now, the sixth Pita Pit location is readying to open.
Bill Wilfong, vice president of franchise development with Pita Pit, said that traditionally, Florida has been one of the company's top markets.
“Our average unit volume in Florida is higher than in most places in the country,” he said. “We also stuck a deal with Aramark to have school facilities and airports – that's how we got in…
Beer distribution bill suddenly pops up in House
Under a bill that is backed by distributors, breweries that make less than 930,000 gallons of beer annually and are owner-operated and managed by the owner would be able to pull out of distribution agreements.
Stop everything: ChiKo signs for second location in D.C.
ChiKo, the super-popular Chinese and Korean restaurant that opened about a year ago on Barracks Row, is coming to Dupont Circle.
Owners Danny Lee, Scott Drewno and Drew Kim have signed a lease for 2029 P St. NW, in space that was once home to Pizzeria Paradiso. At 1,150 square feet, the space is similar in size to the original. Taylor Hayes of NextRealty represented ChiKo in the lease deal; John Gogos of Papadopoulos Properties represented the landlord, Douglas Development.
The restaurant aims…
Strong economy brings about staffing challenges
It is obvious the retail apocalypse, led by Amazon and other retail giants taking much of consumers’ shopping online, has left once crowded big-box retail locations noticeably empty, even with many creative promotional
The post Strong economy brings about staffing challenges appeared first on Colorado Real Estate Journal.
Sale-leaseback of ‘iconic’ Denver Diner Restaurant yields $3.5 million
The post Sale-leaseback of ‘iconic’ Denver Diner Restaurant yields $3.5 million appeared first on Colorado Real Estate Journal.
Personalize, customize to transform the experience
I spend half of my day listening to real estate experts and shopping gurus discuss the death of brick-and-mortar shopping, the demise of the mall and the end of retail as we know it. But I can assure you that, at least
The post Personalize, customize to transform the experience appeared first on Colorado Real Estate Journal.
Form strategic partnerships for mixed-use projects
In a business where partnership is vitally important, it can be hard to determine which combination of teams is right for a project. Mixed-use is an asset class that requires the right partnership team as these developments
The post Form strategic partnerships for mixed-use projects appeared first on Colorado Real Estate Journal.
Popular breakfast chain to open in former Arcodoro space near Galleria
The space that formerly housed Arcodoro — an upscale Italian restaurant that closed earlier this year — will soon become a breakfast concept.
Snooze, An A.M. Eatery, will open in early 2019 in a 3,734-square-foot space at 5000 Westheimer Road, suite 120, at Houston-based Weingarten Realty Investors' Centre at Post Oak retail center, according to a July 31 press release. The endcap location includes a 1,100-square-foot dog-friendly patio.
The contractor for the remodel is a company called…