real estate

Financing

How the Saks Global bankruptcy could affect restaurant real estate

A Deeper Dive: Stephen Cohen, a real estate attorney, joins the restaurant finance podcast to talk about mall real estate and how the retailer’s bankruptcy could affect that.

Operations

Torchy's Tacos set to close 7 restaurants next month

The move follows another six closures late last year as the fast-casual chain evaluates performance across the portfolio. But growth is also planned, officials say.

Chipotle, Raising Cane's and Wingstop are gung ho on growth this year. Other brands, however, are slowing their roll or closing units.

The Columbus, Ohio-based fast casual won a minority investment last year from Chipotle's Cultivate Next fund. Now Brassica is readying a jump to three new markets.

Sales at the fast-casual chain in the once-hot market slowed in the second quarter, prompting a revenue downgrade and questions about the company's expansion plans.

It was more collegial executive exchange than smack down, but the leaders of the drive-thru coffee concept and fast-casual Italian beef concept shared notes on growth, menu innovation and digital tech at the Restaurant Leadership Conference in Phoenix.

Even five years after COVID, urban centers were dead on Fridays. But the full return-to-office movement could bring an unexpected boost, especially to fast casuals.

It isn't scheduled to open until 2026. But the unit will be in the massive upcoming retail center The BLVD.

The fast-casual chicken specialist owns the building and has proposed a conversion that will preserve the historic Atomic Age style and character. But pushback is expected.

Consumers are returning to malls to seek out favorite restaurant brands, with The Cheesecake Factory and soup dumpling concept Din Tai Fung topping the list, according to Yelp data.

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