Estimated reading time: 0 minutes, 33 seconds

Billionaire Restaurateur Warns of Commercial Real Estate Bust

Billionaire Tilman Fertitta, CEO of Landry’s, has cautioned that if landlords don’t allow tenants to hit pause on their rent payments, a “commercial real estate bust” may result. So reports FOX Business.

->Speaking on CNBC’s “Power Lunch,” Fertitta said: “If you don’t do something, we are going to cause a commercial real estate bust at some time. Because you can’t pay rent if we’re not doing business.”

Fertitta, who recently participated in a Trump administration roundtable with restaurant executives, emphasized that landlords and tenants ought to find a “reasonable” way to address the economic impact of the coronavirus outbreak.

Read the full article from Fox Business

Read 2827 times
Rate this item
(0 votes)

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.