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Times Like These

Restaurantuers Stephen Starr and Chris Cannon, along with the Kamali, on the current market: "'There are great deals out there; the problem is, banks won’t lend you any money,' Mr. Starr said...Mr. Cannon, for one, predicts that 10 to 15 percent of New York’s high-profile restaurants will close in the coming months...Steven M. Kamali, the principal of Steven Kamali Hospitality, a brokerage and consulting firm, says his restaurant listings...have surged by 70 percent over the last 90 days." [NYT]

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