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Billionaire Restaurateur Warns of Commercial Real Estate Bust

Billionaire Tilman Fertitta, CEO of Landry’s, has cautioned that if landlords don’t allow tenants to hit pause on their rent payments, a “commercial real estate bust” may result. So reports FOX Business.

->Speaking on CNBC’s “Power Lunch,” Fertitta said: “If you don’t do something, we are going to cause a commercial real estate bust at some time. Because you can’t pay rent if we’re not doing business.”

Fertitta, who recently participated in a Trump administration roundtable with restaurant executives, emphasized that landlords and tenants ought to find a “reasonable” way to address the economic impact of the coronavirus outbreak.

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