Investments Blog
Food truck Red River Kitchen taking over former Tin Fish space at Braemar Golf Course
Red River Kitchen — a food truck operation led by the team behind Republic and Bar Brigade — is opening its first brick-and-mortar operation in Edina.
Red River Kitchen is taking over the former Tin Fish space at Braemar Golf Course, located at 6364 John Harris Drive. The Edina City Council approved the partnership Tuesday night. Red River Kitchen will start operations at the city-owned course this summer, owner Matty O'Reilly said.
“This thing is going to be a great fit for the golf course,…
Winn-Dixie parent Southeastern Grocers approved for bankruptcy filing
Southeastern Grocers received bankruptcy court approval Monday to proceed with its debt restructuring plans.
The Jacksonville-based grocer, which announced its Chapter 11 bankruptcy filing on March 15, operates Winn-Dixie, Harveys, Bi-lo and Fresco y Mas banners throughout the southeast, including Central Florida.
The refinancing initiative includes lowering debt by about $600 million – including $522 million of debt exchanged for equity in the reorganized company – and closing 94 stores.…
Life companies aggressively seek multifamily
Life insurance companies continue to show a strong appetite for commercial mortgages as a piece of their investment allocation. In 2017, life insurance companies originated over $61 billion of commercial mortgage
The post Life companies aggressively seek multifamily appeared first on Colorado Real Estate Journal.
A few minutes with … Mike Lenard of TaKorean restaurants
Korean-Mexican fusion restaurant chain, TaKorean of Washington, D.C., will open at The Bourse Marketplace. We spoke with CEO and founder Mike Lenard about Philadelphia.
MidCity Huntsville adds first three eateries to $350M development
The first three dining venues for a major mixed-use development in the Rocket City have been announced.
Wahlburgers, Rascal Flatts and Alchemy Lounge are planned for a 2019 opening at the $350 million MidCity destination in Huntsville.
“This is an exciting time for MidCity and the entire Tennessee Valley,” said Max Grelier, co-founder of RCP Companies. “We have reached a heightened level of anticipation for this dynamic community with these two celebrity-driven dining concepts and the already…
Peter’s Pub in Oakland to close after almost 50 years
Peter's Pub in Oakland will be making its last toast.
The business, owned by the Leventis family, is closing at the end of the month after 44 years in business on Oakland Avenue, according to the Post-Gazette.
“Friendships were made and memories created. In this most important way we have accomplished what we set out to do 44 years ago,” said a Facebook post by the bar's ownership on Wednesday.
Last day in operation for Peter's Pub will be May 25, featuring half-price food and drinks.
This Midtown Nashville bar is expanding across the South
WKND, a Midtown Nashville bar and lounge, is growing its reach.
Robert Higgins, who co-owns the bar with Adrian Granderson and Joe Johnson, said the trio has signed a lease for a Memphis location. WKND Memphis will take over the former home of the city's beloved Raiford's Hollywood Disco, at 115 Vance Ave., ideally by late summer or early fall, Higgins said.
The Memphis location is the team's first project outside Nashville. But that's not the only expansion they have in mind. Having just wrapped…
Bite Squad restaurant delivery acquires local delivery company, expands to St. Augustine
The Minneapolis-based restaurant delivery service Bite Squad it has acquired local restaurant delivery service Zipit, enabling it to expand into St. Augustine. The new service will add delivery options for more than 30 restaurants when it launches next week.
Bite Squad operates in more than 40 metro areas in the country, with St. Augustine joining the 20-plus cities it serves in Florida.
“We’re thrilled to be launching in St. Augustine, just down the way from our Jacksonville delivery area,”…
Fertitta’s blank-check co. to acquire restaurant-ordering platform
A blank-check company created by Tilman Fertitta's Fertitta Entertainment Inc. and New York-based Leucadia National Corp. in 2016 has found a company to acquire.
Houston-based Landcadia Holdings Inc. (Nasdaq: LCA) — Fertitta's special purpose acquisition company, or SPAC — will acquire Lake Charles, Louisiana-based Waitr Inc. for $308 million.
The deal is expected to be complete later this year, according to a press release. When the deal closes, Landcadia will pay at least $50 million in…
CEO of Old Chicago restaurant chain parent resigns, interim CEO named
The CEO of CraftWorks Restaurants & Breweries Group Inc., the parent of the Old Chicago restaurant chain, has resigned and an interim CEO has been named.
The Broomfield company said Srinivas Kumar, who became CEO of the company in 2014, resigned and Fred Beilstein III is the interim CEO.
“Despite what have been difficult times for many in casual dining, the CraftWorks family of brands represent enduring concepts that have resonated with our guests over many decades,” Beilstein said in a statement.
In…