Bay Area Commercial Real Estate News

Dunkin Donuts

Pizza, donuts and bank funding for veterans

President Obama’s State of the Union pledge to bring all American troops home from Afghanistan by the end of 2014 means there will be lots of military veterans looking for work.

TD Bank has an option for them to consider. The bank joined with the International Franchise Association and a pilot group of businesses to help veterans become business owners.

The bank will provide preferred financing to vets seeking to open a franchise among the participating businesses. That includes giving vets lower interest rates and giving them a break on the loan packaging fee, typically around $1,500… Continue Reading

 

Bloomin’ Brands posts 4Q, year-end results

Outback Steakhouse

Promotions and menu enhancements drove traffic to Bloomin’ Brands Inc. restaurants in the fourth quarter, although unfavorable weather in the Northeast, including Superstorm Sandy, offset traffic increases.

Bloomin’ Brands (NASDAQ: BLMN), Tampa-based parent company of Outback Steakhouse, reported total revenues of $998.4 million for the quarter ended Dec. 31, a 4.5 percent increase over $955.6 million for the same quarter in 2011.

Bloomin’ Brands is also the parent company of Carrabba’s Italian Grill, Bonefish Grill, Fleming’s Prime Steakhouse and Wine Bar and Roy’s…Continue Reading

 

Downtown Tampa Army Navy surplus store to shut doors

Tampa’s Army Navy Surplus Market, which has operated in the downtown area at 1312 N. Tampa St. for 75 years, will end its run.

The store will close after it sells everything it has in the store, Manager Awilda LeBron told the Tampa Tribune. A clearance sale is scheduled to begin Feb. 21. The store said it is closing due to store owner Nick Potamitis’ plan to retire, the Tribune said…Continue Reading

 

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