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Billionaire Restaurant Owner Warns of Possible Commercial Real Estate Bust

Tilman Fertitta: Don’t Expect Me to Pay You Full Rent With Restaurants Closed
Tilman Fertitta, CEO of Landry’s Inc., speaks during a roundtable at the White House in Washington, D.C. (Getty Images)
Tilman Fertitta, CEO of Landry’s Inc., speaks during a roundtable at the White House in Washington, D.C. (Getty Images)
CoStar News
May 27, 2020 | 6:45 P.M.

Houston billionaire and restaurateur Tilman Fertitta warned of a potential commercial real estate bust as thousands of shops and restaurants struggle to survive the coronavirus pandemic even as economies begin to reopen. And to recover, he said, restaurants need a break on rent.

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News | Billionaire Restaurant Owner Warns of Possible Commercial Real Estate Bust