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Started By
Message
re: Serop’s on Corporate in BR is closing in late December
Posted on 11/26/25 at 7:57 am to Shexter
Posted on 11/26/25 at 7:57 am to Shexter
quote:
Who remember the first Serop's on Government across the street from Calandro's? I remember as a child loving the belly dancers.
Loved going there as a kid. My Mom loved Kibbehs, but they had an amazing menu. There was a crawfish and rice dish that I adored. It was elegant.
My Grandma would only shop at Calandro's.
0
Posted on 11/26/25 at 8:30 am to hansenthered1
quote:
I've seen this so many times. The landlord raises the rent to the point that a well established and frequented place closes.
Seems counter intuitive to those making money off rents to let a cash cow go .
What you have to understand is a lot of times the Landlord isn't simply waking up one day and decides to jack up the rent. They want stable, long-term tenants who pay rent on time.
But when property insurance costs skyrocket, and interest rates on their loans shoot up, the LL is faced with the these tough calls.
Also, these property values in BR aren't rising either so it makes financing tricky.
While I suspect Serop's was a great tenant, often times you 'll see a tenant who is behind on rent and the LL won't renew their lease but the tenant says they are "moving out" to save face...
Posted on 11/26/25 at 10:04 am to hansenthered1
quote:
Seems counter intuitive to those making money off rents to let a cash cow go .
This X100.
Posted on 11/26/25 at 10:12 am to hansenthered1
quote:
I've seen this so many times. The landlord raises the rent to the point that a well established and frequented place closes.
Seems counter intuitive to those making money off rents to let a cash cow go .
What baffles me even more is when I see commercial real estate listed so high that it stays vacant for months, or years, at a time.
Posted on 11/26/25 at 10:15 am to RunninReb
quote:
What you have to understand is a lot of times the Landlord isn't simply waking up one day and decides to jack up the rent. They want stable, long-term tenants who pay rent on time.
But when property insurance costs skyrocket, and interest rates on their loans shoot up, the LL is faced with the these tough calls.
Also, these property values in BR aren't rising either so it makes financing tricky.
While I suspect Serop's was a great tenant, often times you 'll see a tenant who is behind on rent and the LL won't renew their lease but the tenant says they are "moving out" to save face...
I would assume this was a triple net lease, and if so, property taxes and insurance should already be covered by the tenant. As for interest rates skyrocketing, I would question the wisdom in leveraging to the point that I need to finance with a variable rate.
Posted on 11/26/25 at 11:50 am to Joshjrn
as long as that building has been there, it seems it would be paid for by now.
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