Morning Glory < 30 Seconds
By Cliff Oxford
Life starts all over again when it gets crisp in the fall. ~ F. Scott Fitzgerald
Daily Deal—Remember Cougar from the movie "Top Gun." Actor John Stockwell and his wife, chef Helene Henderson, yesterday cut a deal with San Diego port commissioners on a 10-year lease for their growing restaurant chain Malibu Farm, which in this location plans to transform the 14,000-square-foot half-empty Harbor House into much more of an indoor-outdoor venue that will include full-service dining, an ice cream and espresso bar, and a home goods store.
Basically, Cracker Barrel on the beach. Give hide cutters in Tennessee credit for that shop-and-eat biz model—it just works if you can pull it off.
Malibu Farm, founded in 2013, currently has eight locations, including Malibu, Newport Beach, Miami, New York, and Tokyo.
As part of the lease agreement, Malibu Farm will get a subsidy of $2.8 million from the port. Sounds like a Palmer deal—Steve did you help negotiate it?
Side Deal—Speaking of cougars¹, Brady Bunch with maybe the first Zoom screen, will do a musical in a Maine theater—produced by kids of the show’s creator and two original actors, Barry Williams (Greg) and Christopher Knight (Peter). Remainder of cast will come from Broadway. CBS gave the green light yesterday.
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IPO Glow—Investors are betting now on what is next big category to go public in 2021: audio apps, including Betty Labs, Geneva, Chalk, Orbit, Rodeo, and Spoon. These apps serve as places for people to talk live with friends, colleagues, or new acquaintances.
Entries/Exits—Put this on your radar. (NYSE: COLD) the world’s largest publicly traded REIT focused on the ownership, operation, acquisition, and development of temperature-controlled warehouses, announced it has entered into a definitive agreement to acquire privately held AGRO Merchants.
P.S. Two pics from live event last week
Cliff notes:
1 Actors Florence Henderson (Mrs. Brady/mom) and Barry Williams (Greg Brady/son) confirmed fling during taping of shows—other-end-of-house thing.
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