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Restaurant

Michael Jordan’s Restaurant Opens in Oak Brook, Illinois

OAK BROOK, ILL. — Michael Jordan’s Restaurant has opened in Oak Brook, about 20 miles west of Chicago. Executive chef Craig Couper, who also heads the kitchen at Michael Jordan’s Steak House in downtown Chicago, prepares some of Jordan’s signature items, including prime Delmonico ribeye steaks. In addition to lunch and dinner, the restaurant features made-to-order coffee brewed by Metric Coffee. Michael Jordan’s Restaurant seats 150 diners, not including the 90-seat bar and 68-seat..

July 21, 2017

Trion Real Estate Acquires Mixed-Use Building in Manhattan for $11.5M

NEW YORK CITY — Trion Real Estate Management has purchased a five-story, mixed-use building located at 818 10th Ave. in Manhattan’s Hell’s Kitchen. A local interest group sold the building for $11.5 million, or $932.68 per square foot. Built in 1910, the 12,330-square-foot building features 12 residential apartments and two restaurants, Mamasita Mex and White Oak Oyster Bar & Cocktail Lounge. Peter Vanderpool of Cignature Realty Associates represented the seller and buyer in the deal.

July 20, 2017

Subway Rolls Out New Restaurant Design in 12 Pilot Locations

VANCOUVER, WASH. — Subway is rolling out its new Subway Fresh Forward design. Currently, 12 pilot locations are now open, including two in the Pacific Northwest and one in California. FRCH Design Worldwide designed the space using a new color palette inspired by fresh vegetables. Highlights include: • Self-order kiosks in select locations, digital menu boards and Apple and Samsung Pay options. • Fresh vegetable display with whole tomatoes, green peppers, onions and cucumbers..

July 18, 2017

CalBay Development Buys Two-Restaurant Portfolio in Pleasanton, Newark for $3.6M

PLEASANTON AND NEWARK, CALIF. — CalBay Development has acquired a portfolio of two restaurants located in Pleasanton and Newark for $3.6 million. The sellers were the original developers and current franchisee owner-operators of the sites, which are occupied by drive-thru Arby’s restaurants. CalBay plans to remodel the sites and re-open the properties under a new national tenant brand. Redevelopment is scheduled to begin in fourth quarter 2017, with grand re-openings by the second..

July 10, 2017

Poki Poki Leases Spaces at Encinitas Marketplace, Escondido Valley Center

ENCINITAS AND ESCONDIDO, CALIF. — Poki Poki has signed two leases for new locations in California. The restaurant will occupy 1,240 square feet at Escondido Valley Center, located at 1348 W. Valley Parkway in Escondido, and 896 square feet at Encinitas Marketplace, located at 154 El Camino Road in Encinitas. Beth Sargent and Jon Horning of Flocke & Avoyer Commercial Real Estate represented the tenant in both transactions. Phil Lyons of Cushman & Wakefield represented the..

July 7, 2017

StrEat Park LLC Breaks Ground on $2.5M Food Park Project in San Antonio

SAN ANTONIO — San Antonio-based developer StrEat Park LLC has broken ground on Brooklyn StrEat Food Park, a $2.5 million project located at 201 Burnet St. in San Antonio. Scheduled to open in January 2018, according to Rivard Report, the food park will feature nine food trucks and a full-service bar, provide indoor and outdoor seating for about 450 people and stage live music.

July 6, 2017

NAI Capital Arranges $1.9M Acquisition of Restaurant Property in Woodland Hills

WOODLAND HILLS, CALIF. — NAI Capital has arranged the acquisition of a restaurant property located at 19723 Ventura Blvd. in Woodland Hills. Canzonet Investments purchased the restaurant property from Green Springs Partners for $1.9 million, or $585 per square foot. Sushi Ichiban Kan leases the 3,567-square-foot property. Matt Ehrlich of NAI Capital represented the buyer in the transaction.

June 30, 2017

Chronic Tacos to Open 26 Locations in 2017

ALISO VIEJO, CALIF. — Chronic Tacos, a California-inspired Mexican grill, plans to open 26 new locations in the United States and Canada by the end of 2017, bringing its total to over 50 locations. 2017 planned openings include: Birmingham, Ala. (2 locations) Waterfront, B.C. Bell Gardens, Calif. Burbank, Calif. Clovis, Calif. Hillcrest (San Diego), Calif. Irvine, Calif. Laguna Beach, Calif. Oceanside, Calif. Pacific Beach, Calif. Paseo, Calif. Redlands, Calif. Sacramento,..

June 29, 2017

Dunkin’ Donuts Opens Location in Hard Rock Hotel & Casino

LAS VEGAS — Dunkin' Donuts has opened a new location inside Hard Rock Hotel & Casino Las Vegas in partnership with  travel industry retailer Hudson Group. The newly opened Las Vegas location is one of more than 20 Dunkin' Donuts restaurants operated by Hudson Group. The restaurant can be found on the first floor of the hotel near the main entrance and is open 24 hours a day, 7 days a week. Dunkin' Donuts has been strategically expanding in contiguous markets across the country with..

June 27, 2017

Flocke & Avoyer Arranges 1,300 SF Restaurant Lease in Pacific Beach

PACIFIC BEACH, CALIF. — Flocke & Avoyer Commercial Real Estate has arranged the lease of 1,300 square feet of restaurant space at 1038 Garnet Ave. in Pacific Beach. Square Bar Café signed a five-year lease for the space from Dayani Partners. Ashley Tiefel and Steve Avoyer of Flocke & Avoyer represented the landlord, while the tenant was self-represented in the transaction.

June 22, 2017