Content about Contract law

August 13, 2014

Burger 21, founded by the owners of The Melting Pot Restaurants, has executed its first franchise agreement in Michigan, under which a debut restaurant in Ann Arbor will open summer 2015.

August 4, 2014

ARC Group Inc., owner, operator and franchisor of the Dick's Wings & Grill concept, has named Chris Perrella has joined the company as its director of marketing.

July 16, 2014

Empire State Realty Trust, Inc. (ESRT), a New York-based real estate investment trust, has completed the acquisition of the ground and operating leases at 112 West 34th Street and the ground lease at 1400 Broadway for a total of approximately $734 million in cash, common stock and operating partnership units.

June 24, 2014

More strategic. That’s how Greg Esgar, CFO of Massage Envy Spa, the nation’s largest therapeutic massage chain, sums up the evolving role of today’s CFO. Esgar joined the Scottsdale, Arizona-based business as financial chief in 2004, two years after it was founded. As part of the executive team, he helped spur the company’s growth from 17 locations to its present total of nearly 1,000 sites in 49 states. With its membership-based, monthly-fee business model, Massage Envy Spa eschews the luxury amenities and high prices of traditional day spas.

June 24, 2014

▲ Understand the assets covered by your leases: Taken together, leases are more than just one of a chain’s largest costs — they are the largest fixed expense, and they are fixed for the long term. As a rule, individual leases average seven to 10 years.

“Understanding that is critical,” said Michael P. Glimcher, chairman and CEO, Glimcher Realty Trust, Columbus, Ohio. “For a cost so large, you should have a strong knowledge about the assets covered by your leases.”

May 19, 2014

The vast majority of Target customers intend to continue spending the same amount of money or more there in the next year as they did before the December 2013 data breach.

May 8, 2014

The Wendy’s Co. reported soaring net income in the first quarter of fiscal 2014 on lower costs and a sharp decline in interest expenses.

May 2, 2014

Mike George likes to say that his company is in the retail real estate information business. “Our clients buy, sell and lease retail real estate,” said George, principal and president of Oakbrook Terrace, Ill.- based Mid-America Real Estate Group. “Clients that buy and sell real estate rely on us for information that helps them make the best business decisions. When clients hire us to manage and lease shopping centers, they want our information-based decisions.”

May 1, 2014

Editor’s Note: The 25th annual survey of Fastest-Growing Managers surveys new domestic and international third-party management and leasing contracts obtained during the 2013 calendar year and ranks the top performers. As always, the measuring stick is square footage.

May 1, 2014

Build-A-Bear Workshop has reached an agreement with Horizon Toy Company of Turkey as a new international franchisee.

April 22, 2014

Arby's Restaurant Group Inc. (ARG), franchisor of Arby’s, has signed development agreements with new and existing franchisees.

April 14, 2014

Divaris Real Estate has announced the signing of two retail leases in the greater Richmond suburb of Midlothian.

March 27, 2014

Divaris Real Estate has announced the signing of two new leases for a combined 7,700 sq. ft. and one lease renewal for 3,612 sq. ft. in the greater Richmond area.

February 7, 2014

Levin Management inked 27 new leases and lease renewals totaling more than 190,000 sq. ft. over the past several months.

January 21, 2014

McDonald's New York Tri-State Area Restaurants, a franchisor group, has launched a new social media campaign to connect fans across the globe with athletes who will be competing in the upcoming Winter Olympics in Sochi, Russia.

January 15, 2014

PizzaRev has signed agreements with four franchisee groups covering territory in five states.

December 23, 2013

A Dutch arbitration panel has ordered Tiffany & Co. to pay Swatch damages of about $449.5 million plus interest in a breach of contract case dating back to 2011.

December 17, 2013

Valpak has signed a franchise agreement with Lia Jensen to acquire the Valpak of West Michigan territory.

November 26, 2013

Dollar General, Lily’s As Seen on TV, Sunrise Pizzeria and General Nutrition Corporation have all signed leases for retail space in Virginia, according to Divaris Real Estate, which represented the shopping centers in the transactions.

November 22, 2013

Mid-America Real Estate Corp.’s Net Lease Investment Group recently brokered the sale of a two-tenant 88,000-sq.-ft. retail building leased to Big Lots and Home Owners Bargain Outlet in Crest Hill, Ill.

November 6, 2013

Togo’s Eateries has announced signed development agreements with new and existing franchisees to open nine new restaurants in markets across California.

October 16, 2013

Gap Inc. has reportedly signed a non-binding agreement for Australia-based Oroton Group to take control of its franchise operation in Australia, New Zealand, and some Pacific islands.

October 4, 2013

National mobility equipment franchisor 101 Mobility is seeking to attract potential franchisees in the Kansas City, Mo., market.

September 20, 2013

Divaris Real Estate has renewed two retail leases totaling more than 9,500 sq. ft. in Richmond, Va.

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