HomeNewsBusinessMoney Monday: Hello to New Businesses and Goodbye to Business Leaders

Money Monday: Hello to New Businesses and Goodbye to Business Leaders

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In this premiere business column, let’s say “hello” to some businesses and “goodbye” to business leaders who have either retired, moved on to other markets, or switched careers.

Since I cannot title this column, “Buzz on Biz” -- as I sold the brand to Morris -- or “Scuttlebiz”-- since Damon Clin...

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10 COMMENTS

  1. Excellent . Glad to have the local biz read restored……..what is interesting about the Starbucks story……Most leaseholders like Rooted have language in their leases that preclude leaseholders from have like competition in the same market area (the river wood shopping center?). Any idea how Starbucks got away with it?

    • Exclusivities typically only apply to users in the same shopping center. Those exclusivities typically do not carry forward to the land outparcels in the same shopping center. Sometimes it can carry on to outparcels but it is rare and would only be done to attract an anchor national user style tenant not for a mom and pop style start up such as Rooted.

  2. Thanks Eric for your comment and believe me we all debated this and I got a first-class education from Joe Edge on how these deals work. Starbucks did nothing wrong. From a broader sense, it struck me that there are also components of retail leases’ that tenants need to understand before signing. I am working on that story as a follow-up. Hope to have it this week in the midst of stories on restaurant buildings being sold!

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