Boston Café Wins Rent Reprieve in Court

A Massachusetts Superior Court judge has ruled that a London-based Caffe Nero chain café cannot be forced to backpay rent for the months during the early days of the pandemic when they were shut down by a state mandate. Judge Kenneth Salinger ruled that the café, which closed permanently in October, was still legally bound…

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Starbucks

For the past few months, Starbucks has pointed to its experience in China – and more specifically in the city of Wuhan, where the coronavirus originated – as proof that it would come out of the pandemic quickly and in relatively good stead. Back at the end of March, CEO Kevin Johnson pointed to the…

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What Is Causing Agita Among Landlords Is The Demand By Tenants For Rent Concessions

Shopping Center Digest Blog reports that rent concessions has been causing agita among landlords in this industry over the last year or so is the pandemic of retailers rushing for rent concessions as an inducement to remain in a shopping center, renew a lease, or to make a new deal. As we’ve said several times before, the balance of power—due to the increasing number of vacant stores and the decreasing number of chains that are aggressively expanding—has for the first time surged to the tenant side.

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