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Nine Must Reads for the CRE Industry on May 7, 2021

Nine Must Reads for the CRE Industry Today (May 7, 2021)
The Wall Street Journal looks at how changes adapted by restaurants during the pandemic might endure in the long term. Crain’s Chicago Business asks whether Sam Zell’s latest bet on industrial real estate is likely to pay off. These are among today’s must reads from around the commercial real estate industry.
Restaurants Plan for Post-COVID Renewal: Smaller Menus, Merch Stores, Healthcare for Workers“Perhaps no group has pivoted more quickly and more visibly during the pandemic than the restaurant industry. City landscapes across the U.S. have changed: tables, chairs and plywood structures sitting where cars used to park, pedestrians sharing sidewalks with diners and space heaters, thermometer-wielding hosts working double-duty as health monitors. The pandemic has taxed restaurant workers, who are asked to provide service but haven’t received enough of it themselves, says Brandon Jew, chef and owner o ....

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Queen K Center faces foreclosure suit | News, Sports, Jobs

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Queen Kaâahumanu Center, Mauiâs main mall that includes anchors Macyâs, Sears and Foodland, is facing a foreclosure lawsuit after defaulting last year on a multimillion-dollar loan. However, a representative for the owners on Thursday expressed optimism about the mallâs future.
The Maui News / KEHAULANI CERIZO photo
KAHULUI Despite facing a foreclosure lawsuit after defaulting on a massive loan, Queen Ka’ahumanu Center owners through a representative expressed optimism about the future of Maui’s main mall.
Lender U.S. Bank filed for foreclosure on the Kahului shopping center on Nov. 12, alleging owner QKC Maui Owner LLC defaulted in June, according to 2nd Circuit Court documents. The lender said nearly $87.5 million was owed on the loan as of Oct. 14. ....

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Groundbreaking held for new bus hub | News, Sports, Jobs

Feb 18, 2021
West Maui Construction President Josh Dean (from left), Project Manager Yigit Unlu, Mayor Michael Victorino, Council Member Yuki Lei Sugimura and county Transportation Director Marc Takamori break ground on the new Central Maui Transit Hub in Kahului on Tuesday morning.
COUNTY OF MAUI photo
The Maui News
County and project officials held a groundbreaking ceremony on Tuesday morning for a new $2 million bus hub in Kahului.
The Central Maui Transit Hub will be located off Vevau Street near Kane Street and will replace the current transit hub on the Wailuku side of Queen Ka’ahumanu Center.
“This will be Maui County’s first transit hub designed and built to serve those who choose public transportation,” Mayor Michael Victorino said in a news release following the groundbreaking. “It’s great news for the community and the environment. This project will enable safe, convenient travel and access for people of all ages and abilities.” ....

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