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Interesting. I am a real estate lawyer, and Starbucks is quite typical with these hardball tactics.
Oct 23 16:14 pm
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All Comments by Greg Weston »Starbucks Stops Paying the Rent [View article]
Commercial real estate is imploding because of news like this. Assumptions about rent and rent growth were too high, as was the degree of leverage in these deals.
If you have a real estate contract dispute, DO NOT assume the other party is going to work things out with you in a fair matter. Especially if the other party is a big corporation like Starbucks or DR Horton. Instead, hire a lawyer immediately. Too many people wait until too long before hiring a lawyer, and in the mean time take actions that hurt their positions.