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Tuesday, August 7, 2012

It used to be tough to be a tenant but now it may be tough for UCLA to be a landlord

From the Daily BruinOn April 26, Chick-fil-A – an Atlanta-based company at the center of a controversy because of its president’s recent expression of his views on same-sex marriage – signed a lease to move into the space where Burger King is currently located, said Steve Ritea, a UCLA spokesman. The restaurant is projected to open at 900 Westwood Blvd. next March. The California State Teachers’ Retirement System, the previous owners of the Westwood Plaza building where Burger King is currently housed, signed the lease with Chick-fil-A. In June, UCLA completed the purchase of the 10-story office building for $72 million and inherited the lease, Ritea said.

...Ritea said UCLA does not support Cathy’s position on gay marriage but cannot revoke the new lease with the company because it is a binding contract, he said...

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