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Baker Katz completes leases of five Chipotle locations in Texas
Houston - Baker Katz, an X Team International partner and full-service commercial real estate brokerage firm, announced that it has negotiated five Chipotle leases in Texas. Jason Baker negotiated the leasing of the five Chipotle locations, ranging in size from just over 2,000 sq. ft. to 3,000 sq. ft. with a variety of different brokers. -
Sears loss widens but beats estimates; doubles 2014 store closings
Hoffman Estates, Ill. – Sears Holdings Corp. reported a third quarter fiscal 2014 net loss of $548 million, up from the $534 million loss it reported in the year-ago period but smaller than its previously estimated. Cost-cutting measures helped Sears reduce its net loss growth. The discounter also revealed that it plans to close a total of 235 underperforming stores in 2014, which is nearly double the projection of 130 it made in August. Sears said eliminating those stores should boost EBITDA by $50 million.