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Restaurant Chain BurgerFi Files for Chapter 11 Bankruptcy Protection September 12, 2024 FORT LAUDERDALE, FLA. — BurgerFi International (NASDAQ: BFI) has filed for voluntary Chapter 11 bankruptcy protection. The Fort Lauderdale-based company operates under two brands: BurgerFi and Anthony’s Coal Fired Pizza & Wings. The two entities have a total of 144 locations open across the United States, Puerto Rico and Saudi Arabia. The filing pertains to 67 corporately owned locations operating under both the BurgerFi and Anthony’s banners. The remaining 77 franchisee-owned locations are excluded from the filing, with the company’s total portfolio expected to remain open and continue normal operations. Read the article: https://lnkd.in/eP6dwygH #Florida #Restaurant #Retail #Southeast #TopStories

Upcoming HVAC Refrigerant Changes — Planning Ahead of 2025 An approaching shift in refrigerants for heat pumps and air-conditioning systems will have far-reaching implications for restaurants and retail operators, potentially delaying the availability of new equipment, replacement parts and access to the service providers needed to install or repair them. “In the months before a rule change like this, everybody starts to scramble to get ready,” says John Brightwell, regional project manager at facilities repair service provider MaintenX. “We’ve budgeted for this and have adjusted our equipment, tools and training to install and service the new systems; but if an end user hasn’t planned ahead and suddenly needs to replace a failed system next year, they may struggle.” https://lnkd.in/dMJ-TcFv Sponsored by MaintenX #ashrae #hvac #retail #Standard34 #Standard15 #refrigerant #refrigerants

Be sure to catch the latest issue of Western Multifamily & Affordable Housing Business — What's Driving the Third-Party Management Boom? Cost savings and efficient use of AI are a few reasons many owners hire management companies to run their properties.  By Nellie Day; insights from — Richard Doetsch, Hudson Valley Property Group; Stephanie Rath, Bozzuto Management Co.; Jay Pedde, Veritas Investments, Inc.; Laura Khouri, Western National Property Management. Inside this Issue: Orange County Plays to Its Strengths In the land of Mickey Mouse, the thriving entertainment, education and medical sectors increasingly attract REITs and institutional investors.  By Greg Reed, Arcus Harbor Real Estate Capital How Property Owners Can Guard Against Renter Fraud Scams are on the rise and growing increasingly sophisticated. Owners and operators can use tenant screenings and fraud prevention technology to protect themselves.  By Channing Hamilton; insights from — Joshua Albrechtsen, RealPage, Inc.; Chris Hansen, Nova Credit; Caitlin Sugrue Walter, PhD, National Multifamily Housing Council (NMHC); Jackie Impellitier, ZRS Management ; Daniel Berlind, Snappt. Read the issue: https://lnkd.in/esFgUSDj #Multifamily #CRE #AffordableHousing Scott France

Big Lots Files for Chapter 11 Bankruptcy, Enters into Sale Agreement with Nexus Capital September 9, 2024 COLUMBUS, OHIO — Big Lots (NYSE: BIG) has filed for voluntary Chapter 11 bankruptcy protection and has entered into a sale agreement with Los Angeles-based private equity firm Nexus Capital Management, a deal that would take the Ohio-based discount retailer private. Continue reading: https://lnkd.in/eWjbfrr5 #CRE #CompanyNews #Midwest #Ohio #Retail #TopStories

Don't miss the latest issue of Southeast Multifamily & Affordable Housing Business— What's Driving the Third-Party Management Boom? Cost savings and efficient use of AI are a few reasons many owners hire management companies to run their properties.  By Nellie Day; insights from — Richard Doetsch, Hudson Valley Property Group; Stephanie Rath, Bozzuto Management Co.; Jay Pedde, Veritas Investments, Inc.; Laura Khouri, Western National Property Management. Inside this Issue: How Property Owners Can Guard Against Renter Fraud Scams are on the rise and growing increasingly sophisticated. Owners and operators can use tenant screenings and fraud prevention technology to protect themselves. By Channing Hamilton; insights from — Joshua Albrechtsen, RealPage, Inc.; Chris Hansen, Nova Credit; Caitlin Sugrue Walter, PhD, National Multifamily Housing Council (NMHC); Jackie Impellitier, ZRS Management ; Daniel Berlind, Snappt. South Florida's Deep Renter Pool Buoys Investment Outlook Developers are expected to deliver nearly 26,000 units to the market this year, but lease-up activity remains healthy due to strong underlying fundamentals. By Roberto Pesant & Charles Foschini, Berkadia Read the issue: https://lnkd.in/eXBNng5s #Multifamily #CRE #AffordableHousing Scott France

Prep Now for HVAC Manufacturer Backlogs, Service Delays in 2025 An approaching shift in refrigerants for heat pumps and air-conditioning systems will have far-reaching implications for restaurants and retail operators, potentially delaying the availability of new equipment, replacement parts and access to the service providers needed to install or repair them. “In the months before a rule change like this, everybody starts to scramble to get ready,” says John Brightwell, regional project manager at facilities repair service provider MaintenX. “We’ve budgeted for this and have adjusted our equipment, tools and training to install and service the new systems; but if an end user hasn’t planned ahead and suddenly needs to replace a failed system next year, they may struggle.” https://lnkd.in/dMJ-TcFv Sponsored by MaintenX #ashrae #hvac #retail #Standard34 #Standard15 #refrigerant #refrigerants

LAST CHANCE to register for the webinar, "Webinar: Creating Value in Seniors Housing — The Economics of Dealmaking in This Cycle" Hosted by CBRE & Seniors Housing Business. Today, Sept. 5, at 2:00 pm EDT, Seniors Housing Business magazine is hosting the second in its series of three 2024 investment-themed webinars. Our panel of industry experts will re-examine the drivers to creating value, discussing the following: ✴ Transaction volume: what part of the seniors living continuum is hot and what’s not ✴ Cap rates: understanding current trends and their implications ✴ Market fundamentals: lessons from past down cycles and what they mean for today Register NOW to secure your spot & receive a recording of the webinar (24hrs after) — https://lnkd.in/eCqhP2Ai #SeniorsHousing #CRE #SeniorLiving

Barings, Counterpointe Provide $315.5M Construction Financing for Habitat Mixed-Use Project in Los Angeles LOS ANGELES — Barings has provided a $160 million construction loan alongside $155.5 million in C-PACE financing from a subsidiary of Counterpointe Sustainable Advisors for the development of Habitat, a “live-work-thrive” campus in Los Angeles. Lendlease is developing the project, which will include creative office space, luxury apartments, retail and an integrated park. Continue reading: https://lnkd.in/eemGaxre #California #Development #MixedUse #TopStories #Western