Restaurants all across the Region have been struggling to find staff despite raising pay, posting frequent ads and even offering signing and recruitment bonuses in some cases.
An auction for Southlake Mall, the Region s largest enclosed shopping mall, has been delayed.
Christopher McGlone, managing director of capital markets and national loan portfolio sales for Cushman & Wakefield, the Chicago-based commercial real estate firm that s overseeing the sale of the Southlake Mall s debt, said the public auction that had been scheduled for Thursday morning has been postponed until May 27. He declined to elaborate on why.
Commercial real estate experts said such delays can occur for a number of reasons, including that the broker doubted any bidders would offer a price the seller would be comfortable with and wanted more time to market the property, or that the broker sought more time to allow for restructuring with a senior lender or to resolve a legal issue. In some cases, the delays are the result of anticipated good news such as a big new tenant or better rent collection, which the broker would want to announce to potential buyers before the auction to com