The first time I visited Pajarito was in the company of Rick Nelson, the restaurant reviewer for the Star Tribune (Rick and I aren’t close personal friends; this dinner for four was a silent auction item from last year’s Les Dames’ fundraiser). As someone who enjoys food immensely but doesn’t review it for a living, […]
The restaurant industry has been one of the most prolific users of sale-leaseback financing. Over the last few years, cap rates have been favorable. That means the price the potential tenant gets for their property has been high, with some cap rates in the 5%-plus range, which means someone is getting 15 to 20 times […]
It was a long time coming, but the newly refurbished Lexington in St. Paul appears to be worth the wait. The beautiful, old building, once the sipping grounds for St. Paul notables, has been restored to its original glory, creating a sensory experience that goes beyond the tastebuds. All that carved wood, two bars, the […]
