Restaurant

Yum Brands Agrees to Sell Pizza Hut in Two Separate Transactions Totaling $2.7B

by John Nelson June 16, 2026

LOUISVILLE, KY. — Yum! Brands Inc. (NYSE: YUM), the Louisville-based operator of the Pizza Hut, Taco Bell and KFC franchises, has entered into an agreement to sell the Pizza Hut chain across two separate transactions with a combined value of $2.7 billion. LongRange Capital, a private equity firm based in Stamford, Conn., has agreed to purchase Pizza Hut outside of mainland China for approximately $1.5 billion. The company is financing its acquisition using funds from UBS Investment Bank. Yum China Holdings Inc. (NYSE: YUMC), which is based in Shanghai and was spun off from Yum! Brands in 2016, is acquiring the Pizza Hut holdings in mainland China for approximately $1.2 billion. Yum China says it is financing its acquisition using a combination of cash and debt financing. Yum! Brands announced in November that it began exploring strategic options for the Pizza Hut vertical. Founded in 1958, Pizza Hut is considered the second-largest pizza brand in the world with more than 15,500 restaurants in 108 countries globally and approximately $10 billion in annual system-wide sales, according to LongRange Capital. “Under LongRange and Yum China, Pizza Hut will be well-positioned for future growth with ownership that brings deep expertise in the restaurant …

June 16, 2026

Acquisitions Arizona Development Mixed-Use Office Restaurant Retail Western

Diversified Partners Acquires Site for 100,000 SF Mixed-Use Project in Scottsdale, Arizona

by Amy Works June 9, 2026

SCOTTSDALE, ARIZ. — Diversified Partners has closed on a waterfront property in Scottsdale that will become The Lakefront at Scottsdale, a mixed-use redevelopment. The project will revitalize a landmark waterfront site in Scottsdale, transforming a long-established location into a destination for dining, retail and gathering spaces. The 100,000-square-foot property will be redeveloped in phases offering restaurant, retail and office space centered around walkability, gathering spaces and waterfront activation. Originally developed in 1978, the redevelopment will preserve elements of the property’s longstanding architectural character while modernizing the site to serve the needs of the Scottsdale community. The Lakefront at Scottsdale will feature signature restaurants with outdoor dining overlooking the lake, boutique and experiential retail concepts, luxury wellness and lifestyle tenants and Class A office space with waterfront views, as well as a small marina with Duffy boat rentals. Construction is slated to start in third-quarter 2026 with the first phase focused on demolition and development of the restaurant and retail components. The second phase scheduled to begin in early 2027 and focus on the redevelopment of the remaining retail and office portions.

June 9, 2026

Acquisitions Arizona Restaurant Retail Western

Marcus & Millichap Brokers $4.4M Acquisition of Single-Tenant Retail Property in Phoenix

by Amy Works June 5, 2026

PHOENIX — Marcus & Millichap has arranged the $4.4 million purchase of a single-tenant retail property located at 2975 W. Dove Valley Road in Phoenix. An Arizona-based limited liability company acquired the asset from an undisclosed seller. Chipotle occupies the 2,458-square-foot restaurant building, which was built in 2025. Mark Ruble, Chris Lind and Zack House of Marcus & Millichap represented the buyer in the off-market transaction.

June 5, 2026

Market Reports Restaurant Retail South Carolina Southeast Southeast Market Reports

With Suburban and Infill Projects, Columbia Takes the Next Step in its Retail Evolution

by John Nelson June 1, 2026

As we wrap up April, Columbia’s retail market is growing in two distinct directions. Out in Lexington County and the northeast Richland County, new retail-anchored mixed-use projects are stepping up to meet the demands of a booming housing market. At the same time, downtown is getting a major facelift as new infill developments reshape the city center. Historically, Columbia has always had a reputation as a steady, reliable market — thanks to our major hospital systems, state government, universities and Fort Jackson. But that steady market is officially evolving. Between tightening vacancy rates and the massive wave of economic confidence brought on by the Scout Motors plant, Columbia has moved beyond just being a “safe bet” and is quickly emerging as a highly competitive powerhouse in the Southeast. Suburban powerhouse Platt Springs Crossing (South Lexington/Red Bank): A centerpiece of this growth is Platt Springs Crossing, a $65 million, 57-acre mixed-use development at the intersection of Platt Springs and Old Orangeburg roads, has seen overwhelming interest from national brands. • Anchor success: Lowes Foods opened its 51,000-square-foot store in late 2025, serving as a massive traffic driver. • Tenant velocity: Confirmed regional and national tenants include Chipotle Mexican Grill, Panda Express, …

June 1, 2026

Development Mixed-Use North Carolina Restaurant Retail Southeast

Portman to Bring 30,000 SF Food Hall to Savona Mill Redevelopment in Charlotte

by John Nelson May 28, 2026

CHARLOTTE, N.C. — Portman has announced plans for Savona Food Works, a 30,000-square-foot food hall that will anchor the company’s Savona Mill adaptive reuse project in Charlotte’s West End district. Veteran food hall operator Robert Montwaid will lead the dining installation, which will offer 25 food stalls, a full-service restaurant and bar, coffee shop, flower market and rooftop bar. Montwaid’s previous ventures include leading Gansevoort Market in New York City’s Meatpacking District and Chattahoochee Food Works in Atlanta’s West Midtown neighborhood. Savona Food Works will be situated in the “Weave building,” which dates back to the 1900s, and will debut in 2027. Other components of the 27-acre mixed-use district include 200,000 square feet of creative office space and 319 apartments, with more multifamily units expected in the next phase of development. Savona Mill is situated adjacent to the Stewart Creek Greenway, a pedestrian trail that connects to the LYNX Light Rail and Blue Line Rail Trail.

May 28, 2026

Acquisitions Georgia Restaurant Retail Southeast

Marcus & Millichap Brokers Sale of Restaurant in Buford, Georgia Leased to Whataburger

by John Nelson May 28, 2026

BUFORD, GA. — The Taylor McMinn Retail Group of Marcus & Millichap has brokered the sale of a restaurant in Buford, a northeast suburb of Atlanta in Gwinnett County. Whataburger occupies the restaurant on a 15-year ground lease that features 10 percent rent increases in the initial term and extension options. The popular burger chain recently backfilled the restaurant vacated by an unnamed tenant. Don McMinn and Andrew Koriwchak of Taylor McMinn Retail Group brokered the sale on behalf of the seller, a developer that is a repeat client for Whataburger. The out-of-state buyer purchased the restaurant in an all-cash 1031 exchange. “Despite challenges with the higher price point, our team sourced an all-cash, out-of-state, 1031 buyer through our national reach and buyer relationships,” says McMinn. “This is our fifth Whataburger sale in Atlanta, and we have additional Atlanta product for sale.”

May 28, 2026

Acquisitions California Mixed-Use Office Restaurant Retail

Bridgeton Divests of 36,000 SF Museum Parc Mixed-Use Property in San Francisco

by Amy Works May 27, 2026

SAN FRANCISCO — Bridgeton has completed the sale of Museum Parc, a mixed-use property in San Francisco’s SoMa neighborhood, to DPI Retail for $19.2 million. Eric Kathrein, Andrew Spangenberg and Allie Repaskey of JLL Capital Markets represented the seller in the transaction. Located at 300 3rd St., Museum Parc features 36,000 square feet of fully leased street-level retail space situated below 234 condominium units. Current commercial tenants include Crunch Fitness, El Dorado Latin Fusion, Aquabyte and TowerWAV.

May 27, 2026

Leasing Activity Michigan Midwest Restaurant Retail

Patty & Press to Open Smash Burger Restaurant in Bloomfield Township, Michigan

by Kristin Harlow May 22, 2026

BLOOMFIELD TOWNSHIP, MICH. — Patty & Press, a smash burger concept by G&B Hospitality, has signed a lease to open a new location at 42983 Woodward Ave. in Bloomfield Township. Norman Abro and Devon Campbell of Keystone Commercial Real Estate represented the tenant, which is taking over the former Zoup! space. The restaurant currently operates in Shelby Township and uses grass-fed beef and beef tallow frying.

May 22, 2026

Development Florida Restaurant Retail Southeast

MMG Plans to Develop 35,810 SF Retail Center at Kendall Town Center in South Florida

by John Nelson May 21, 2026

WEST KENDALL, FLA. — MMG Equity Partners is under contract to acquire a 5.1-acre site within Kendall Town Center, a 70-acre master-planned community in West Kendall. The project, called The Shops at Kendall Town Center, will feature 35,810 square feet of restaurants and shops and 4,321 square feet of outdoor terrace space. The developer has submitted plans to Miami-Dade County and is currently seeking administrative site plan approval. The site is located at the intersection of North Kendall Drive (SW 88th Street) and Southwest 158th Avenue. MMG has selected Ed Schmidt and Robert Eckstein of NAI Miami/Fort Lauderdale to lead leasing at The Shops at Kendall Town Center, with half of the space reserved for restaurant tenants.

May 21, 2026

Development Office Restaurant Retail Texas

PAGEWOOD Breaks Ground on Adaptive Reuse Project in Downtown Houston

by Taylor Williams May 20, 2026

HOUSTON — Local developer PAGEWOOD has broken ground on Phase I of East Blocks, an adaptive reuse project in Houston’s East Downtown neighborhood. Designed by Gensler and developed in partnership with Wile Interests, the project will transform a 10-block stretch of mid-20th century warehouses into a district of walkable restaurants, shops, offices and green spaces. Phase I involves the conversion of two 15,000-square-foot warehouses at 1107 Hutchins St. and 2202 Dallas St. Delivery of Phase I is slated for August.Phase I

May 20, 2026

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