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Fairlane Town Center value plunges by more than 50 percent


Fairlane Town Center value plunges by more than 50 percent
Dearborn mall appears headed for sale as owner struggles to pay CMBS debts
Dearborn s Fairlane Town Center appears headed for sale as owner Starwood Capital Partners struggles to pay its CMBS debts.
As a sale appears likely following a mortgage default, the Fairlane Town Center shopping mall in Dearborn is worth less than half what it was when it was bought more than six years ago.
Data provided by New York City-based Trepp LLC shows that Fairlane, located at 18900 Michigan Ave., is worth just $42.75 million, according to an August 2020 appraisal.
That s down 57.7 percent from $101 million when Miami Beach, Fla.-based owner Starwood Capital Partners bought it from what was then Taubman Centers Inc. as part of a $1.4 billion deal that also included The Mall at Partridge Creek in Clinton Township and five other malls. ....

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Pandemic pivot: New owners of Les Crepes target wedding rehearsal dinners


Pandemic pivot: New owners of Les Crepes target wedding rehearsal dinners
March 1, 2021
Now under new ownership, Les Crepes in Carytown will focus more heavily on wedding rehearsal dinners to generate steadier revenue. (
Jack Jacobs photo)
There’s a new face behind a Carytown crepe maker, one that wants to make a play for a niche segment of restaurant clientele: rehearsal dinners for weddings.
Ownership of the Les Crepes at 3325 W. Cary St. in Carytown recently passed to longtime employee Andrea Ramirez and the restaurant’s chef, Gonzalo Viloria.
With its fixed pricing, deposits and reservations, Ramirez said rehearsal dining provides a steady revenue stream worth leaning into, in addition to continuing to cater to its usual customers. ....

Gonzalo Viloria , Jack Jacobs , Fernando Lozada , Grotta Ristorante , Andrea Ramirez , Les Crepes , Crepes Carytown , Stony Point Fashion , Stony Point , Gayton Crossing , Les Crepes Carytown , South Korea Based , Ariana Kabob , பலா ஜாகோப்ஸ் , கிரோதடா ரிஸ்டராஂட்ய் , ஆண்ட்ரியா ரெமிரெஸ் , லேஸ் கிரேப்ஸ் , கிரேப்ஸ் கேரிடவுன் , ஸ்டோனி பாயஂட் ஃபேஷன் , ஸ்டோனி பாயஂட் , கேடந் கடக்கும் , லேஸ் கிரேப்ஸ் கேரிடவுன் , தெற்கு கொரியா அடிப்படையிலானது , அரியானா கபோப் ,