They Used To Be A Pizza Hut: Finding New Purposes For Commercial Spaces

By PATRICK LAVERY You’ve seen them. They masquerade as churches, funeral homes, radio stations, pharmacies, even –blasphemy! – other restaurants. But they all have one thing in common. They used to be a Pizza Hut. Now, it may be true that no one out-pizzas the Hut, but the huts themselves have slowly become outmoded relics over the past two to three decades when it comes to the chain’s business model. In that time, the take-out option that was always an alternative to sitting under the red, trapezoidal roof has brought Pizza Hut closer in spirit to its main competitors Domino’s, Little Caesars, and Papa John’s. It’s now common to see Pizza Hut paired in strip malls, airports, or rest stops…

Industry Leaders To Cover Travel Expenses For Employee Abortions

By KIMBERLEY HAAS At least four industry leaders will cover the travel expenses for employee abortions after the U.S. Supreme Court overturned Roe v. Wade on Friday. The New York Times named Bank of America, JPMorgan Chase, Wells Fargo, and Zillow in a Tweet on Monday. There were 4,307 Retweets, 705 Quote Tweets, and over 17,300 Likes as of Tuesday morning. The media relations departments at Bank of America and JPMorgan put out press releases about their stress test results on Monday. Bank of America announced plans to increase its quarterly common stock dividend beginning in the third quarter of 2022. “Our responsible growth strategy over the last decade has put us in a strong position to support our clients…

Metaverse Not Just A Trendy Word After $5 Million Commercial Real Estate Deal

By KIMBERLEY HAAS and TYRONE TOWNSEND TCG World has announced a strategic partnership with Curzio Research, which has spent $5 million to acquire 19 commercial real estate properties inside the Metaverse. The acquisition is one of the largest real estate purchases for virtual property inside the Metaverse, and Curzio plans on building its headquarters in the Asia region of TCG World, near WallStreetBets. By being part of this region, company leaders expect to have access to traders. VIP members can meet with other investors, attend live events, host conferences, listen to exclusive podcasts, and hold special education courses, according to a video posted online. Curzio is expected to complete its headquarters before September. More celebrities and companies are putting money…

Commercial And Industrial Real Estate Doing Well

By CHUCK GREEN While climbing interest rates are throwing a monkey wrench in the U.S. economy, commercial real estate – at least in the short term – seems to be looking up. In a recent address to the 2022 REALTORS Legislative Meetings’ Commercial Economic Issues and Trends Forum, NAR Chief Economist Lawrence Yun said regardless of burgeoning rates, the commercial real estate market is expected to prosper. “Outside of the office sector, which is lagging behind as employers allow increased remote work flexibility to keep and attract talent, commercial real estate continues to strengthen,” Yun said. Apparently shucking aside setbacks in light of the 2020 and 2021 pandemic, heading into this year conditions were looking up for the commercial real…