Portland Feb 27, 2012 at 12:29 pm

SE Portland's Crazy Candy Kitchen in Danger of Closing

Sarah Mirk
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Comments

1
I wouldn't really be too worried about that particular property being quickly snapped up.

Commenty Colin on February 27, 2012 at 1:58 PM Report this
2
@Commenty Colin: No - with respect, I think you've got it backwards!

Rental property with an existing tenant that wants to stay? And they've already been there 16 years, with an existing customer base? That kind of property gets snapped up quick - people fight over those. Buy it and continue to rent to Candyland - that's about as low-risk as you can get in real estate.

That's going to really attractive to investors - and evicting and remodeling is going to be super unattractive to any other types of buyers.
Reymont on February 27, 2012 at 2:41 PM Report this
3
Awww, I hope they get to stay! That place is a Portland landmark of forever kidness-adultness candy and goody yummies!

It just makes you feel good to walk through the front door.
chicostix on February 27, 2012 at 2:58 PM Report this
4
Cheerily corrected. Either way, she's probably not going anywhere.

As our local real estate guru: will the new buyers negotiate with her directly to settle on a rent figure before they pull the trigger on the property? That seems like common sense to me, but then, so did my first comment.

Commenty Colin on February 27, 2012 at 3:29 PM Report this
5
@Colin - Hardly a guru, here! I think that discussion is normally only done third-hand through the current landlord, and direct contact between the new buyer and the tenant is frowned on until the property has actually changed hands.

That's how it was for my residential properties, but commercial real estate may allow for something more formal.

Direct contact must happen, though, because I sure see a lot of ads that say "Do not disturb current tenants!!!1!1!"
Reymont on February 27, 2012 at 3:37 PM Report this
6
Our whole family loves the Candyland and the owner is so kind. I can't imagine it closing after all of her hard work and prayers. We will stick by you Candyland!
on March 1, 2012 at 10:39 AM Report this
7
After seeing KGW's new piece on this today I was hot to trot to make a donation, but then wondered why there was a $3k dollar amount related to a "lose of lease". I still don't get that. Why is there a US Bank "donation" account set up that is being promoted on the news? Where is this money going to go? Clearly this "crisis" is not a real one until the new owners are unwilling to negotiate a new lease with these people. So....unless this has happened, what is with the sense of urgency to raise money that KGW news is promoting? I smell a bit of con going on here and perhaps KGW has bought into this.
on March 1, 2012 at 7:52 PM Report this

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