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Hospitality

  • Johnny Rockets names Campanaro CFO

    Aliso Viejo, Calif. – Johnny Rockets has named Gary Campanaro as CFO. Campanaro previously served as CFO for the El Pollo Loco and Claim Jumper restaurant chains and has also held executive roles at Keith Companies, CB Richard Ellis and CKE Restaurants.

  • McDonald’s reports small Q2 gains

    Oak Brook, Ill. -- McDonald’s Corporation reported modest global gains in net income, revenues and same-store sales during the second quarter of fiscal 2013. Both its profit and revenue trailed analysts’ estimates.

  • Cheesesteak, financial tenants to Centre Plaza

    Bensalem, Pa. -- Philly It Cheesesteaks and MGM Financial Strategies Inc. have signed leases at the 43,550-sq.-ft. Centre Plaza in Bensalem, Pa., according to Levin Management Corp.

    Philly It Cheesesteaks opened a 1,700-sq.-ft. in the spring, while MGM Financial Strategies Inc. will follow with a 1,700-sq.-ft. opening this summer or fall.

  • Report: Fast-casual industry shows no signs of slowing down

    Chicago -- According to Technomic's Top 150 Fast-Casual Chain Restaurant Report, fast casual makes up just 14% of the total $223 billion limited-service restaurant segment, but its sales continue to outpace other operators. Fast-casual sales increased 13% in 2012, and the largest chains — those which each made more than $325 million last year — did even better, growing by 16%.

  • RKF arranges sale of mixed-use Bowery property

    New York -- RKF has arranged the $9.25 million sale of a 6,800-sq.-ft. mixed-use building in Manhattan’s Bowery neighborhood. RKF represented the seller, 325 Bowery Development LLC, and the buyer, Atlas Bowery LLC, an affiliate of Atlas Capital Group.

    Constructed in 1990, the building consists of retail and loft-style residential space on four floors above a basement and sub-basement. Peels NYC café occupies the ground floor.

     

  • Fort Worth’s West 7th inks two new leases

    Fort Worth, Texas -- Brewsters Burger Bar and Chiro One Wellness Centers have leased space in the Fort Worth mixed-use development of West 7th, according to Cypress Equities, the property’s developer.

    Brewsters Burger Bar will open a 2,969-sq.-ft. location in December of this year.

    Chiro One Wellness Centers will open a 2,563-sq.-ft. location in fourth quarter 2013. It will be the tenth Chiro One in the Dallas-Fort Worth metropolitan area.

     

  • Former AT&T Cloud Solutions exec jumps to a new cloud

    ATLANTA — Red Book Connect, a global, cloud-based software solutions company serving the broader retail and restaurant industries, has appointed Arnab Sur as SVP of global sales, a previously unfilled position since the formation of the company in January 2013.

  • NRF to Congress: Delay Affordable Care Act employer mandate

    Washington, D.C. -- The National Retail Federation penned a letter to Speaker of the House John Boehner and Minority Leader Nancy Pelosi, asking Congress to pass a one-year delay of the Affordable Care Act’s employer mandate.  

    The impending House vote follows the Administration’s announcement earlier this month of a one-year delay of the employer mandate provisions.

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