ROSEVILLE, CA—Hardly a week goes by without news of anothercelebrity restaurant operator who is having trouble with hislandlord. Is the celebrity tenant at a disadvantage, as comparedwith a non-celebrity, when it comes to negotiating with thelandlord? We chatted with Jim Haslem, a principalwith Huntley, Mullaney, Spargo & SullivanInc., a real estate and financial restructuring firm, onthe subject.
According to Haslem, if a high profile restaurant operator, suchas Gordon Ramsay or Bobby Flay,has difficulty with a lease or his landlord, you're sure to readabout it in the press. “That coverage may imply that celebritytenants actually are at a disadvantage in dealing with theirlandlords.”
Reality, however, appears to be more nuanced, he says. “On theplus side, the celebrity operator may enjoy advantages overnon-celebrity operators in terms of attracting publicity, patronsand investors. The celebrity operator may also be courted bylandlords seeking to raise the profile of their retailcenters.”
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
