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the cost of eating some of the back rent has to be lower than trying to re-lease to an entirely different chain

Posted by: cake boss! (a.k.a mickpix) on Apr 18, 19:12 in response to notfabio's post Could also be negotiating in the press

legal fees alone would probably wipe out any paper savings

Bloomberg via The Wrap: Rick Caruso has no doubt The Grove & Americana theatres will re-open, will either run them himself or re-lease notfabio Apr 18, 17:18

Could also be negotiating in the press {nm} notfabio Apr 18, 17:20

the cost of eating some of the back rent has to be lower than trying to re-lease to an entirely different chain cake boss! Apr 18, 19:12

I would not be shocked if annual rent was at least $5 million for each Rick Caruso property and combined both "only" made 23 million BO notfabio Apr 18, 20:38

one piece of uncertainty in the commercial real estate space is whether COVID counts as a business interruption for insurance purposes cake boss! Apr 18, 21:40

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