Debt-strapped Le Pain Quotidien was working to shrink its US presence even before the coronavirus pandemic battered its business, The Post has learned. The Belgian bakery’s website says says it “temporarily closed” all its US outlets last month “out of an abundance of caution” due to the crisis. In reality, sources say, the struggling restaurant …
The commercial real estate industry is adapting to the coronavirus quarantines by renegotiating sales and leases, pausing physical tours and having frank negotiations with lenders — when they can be reached. Tenants still searching for their next office space — coronavirus be damned — can only do it through flyers and virtual tours, while tenants …