Red Lobster's Times Square Closure: Who Really Profited From This Corporate Houdini Act?
In the wake of "Red Lobster Times Square closure," skeptics are asking not just why the iconic, 2,000-seat tourist trap shuttered, but who walked away with the cash. While mainstream reports blame rising rents and sluggish foot traffic, a deeper look reveals a complex web of real estate maneuvers. The building, owned by a trust linked to a major investment group, was quietly revalued upward just months before the crab legs stopped boiling. This isn't just a sad story about a seafood chain; it's a classic tale of asset stripping dressed up as market failure. The big question: did the closure benefit the landlords more than it hurt the employees?