Spotlight: Baldwin County

Baldwin County, home to the Alabama Gulf Coast beaches, continues to grow in jobs, population and visitors SOURCE:  Business Alabama Writer: Lori Chandler Pruitt BALDWIN COUNTY, home to the beautiful Alabama Gulf Coast beaches, is growing very quickly by just about any measure. In fact, it’s now the fourth-largest county in Alabama by population. “Most every…

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‘Destination Versus Desperation’: Upscale Convenience Stores are Coming for Prime Retail Locations

Source: BisNow Atlanta Writer: Jarred Schenke When Paul Nair opened the first location of his upscale neighborhood grocer, Savi Provisions, in Atlanta’s Inman Park neighborhood in 2008, he didn’t realize he was on the cutting edge of a trend that has begun to reshape retail markets from the suburbs to prime corners of Manhattan. Savi Provisions, which serves…

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Experts Believe a Retail Property Surge Is Coming Fueled by US Economy With ‘Strongest Growth in a Generation’

(Getty Images)SOURCE: Loopnet Reporter:  Linda Moss The latest forecast for the U.S. retail property market over the next few years is looking bullish, with the industry buoyed by a strong and fast-growing economy, pent-up consumer demand because of the pandemic, and the desire for shoppers to connect with a human. A panel of executives from…

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How Restaurants Can Approach an Exit Strategy

If the restaurant is facing double-digit reductions in revenue, a decrease in staffing, and no immediate path to recovery, then the operator needs to contact a professional, Webb says. Source: NRN BEN COLEY  October 2020 With colder months ahead and a second wave of COVID-19 predicted by some public health officials, the path forward for…

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Former Jamba and Barcelona/Bartaco executives launch new blank-check company

Source:  Lisa Jennings for NRN A group of veteran restaurant operators and investors on Friday filed for an initial public offering with the goal of raising $200 million with a new blank-check company that will likely target the restaurant industry, according to filings with the Securities and Exchange Commission. Tastemaker Acquisition Corp. is the latest…

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SteinMart Files for Bankruptcy with Store Closing Plans

Stein Mart files for bankruptcy with store closing plans By Marianne Wilson – 08/12/2020 Stein Mart is the latest retail victim of the COVID-19 pandemic. The Jacksonville, Fla.-based off-pricer filed for Chapter 11 bankruptcy protection and plans to permanently close most of, if not all, its 279 stores. Stein Mart said it already has launched a store closing…

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ATTENTION RESTAURANT OWNERS AND INVESTORS

If you are looking for a WINNING restaurant concept that would be 1) first to market, 2) family-friendly yet very cool  3) will possess a great opportunity for expansion, I would like to speak with you! In my work as a commercial broker specializing in restaurant and retail concepts, I rarely see concepts that make…

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