• 0
  • Home
  • About Us
  • What We Do

Shopping Cart

GPAM
  • Home
  • About Us
  • What We Do

“It is catastrophic:” Sam Nazarian, Kobi Karp talk coronavirus toll

Last week, The Real Deal publisher Amir Korangy sat down for another episode of Coffee Talk with luxury hospitality group SBE’s Sam Nazarian and leading architect Kobi Karp. This time, though, coffees were kept at home, with Karp and Nazarian joining TRD for a virtual conversation.

Nazarian detailed the difficulty in maintaining his large workforce, which includes over 7,000 employees in the United States who are unable to work.

“Every one of our hotels are either closed or closing,” Nazarian said. “It is catastrophic.”

Some of the workers furloughed at home are receiving packages of food from Nazarian’s company and online GoFundMe pages. Despite this, Nazarian is moving ahead with a number of international projects, including hotels in Dubai, Seoul, and Buenos Aires.

Karp, too, noted projects that were moving ahead.

“We do not have clients coming to the office, we don’t have vendors coming to the office, we don’t have suppliers coming to the office,” he said. Yet, “work for us here as architects and engineers is going on as normal.”

Looking to the future, Karp laid out a number of improvements that would enable buildings to be cleaner, safer and less susceptible to infectious disease.

“Instead of coming in to the front door of your building and having to open it up, it would just open up automatically. We have that technology. I can have it controlled by my retina. … We don’t need to be touching things,” he explained.

Both Karp and Nazarian saw opportunity in disaster to improve the functionality and safety of the buildings and to be better prepared for crises to come.

And while restaurants are struggling to survive as dining out is widely restricted, Nazarian is opening up Sam’s Crispy Chicken. He cited growth in delivery demand and the high cost of labor and built restaurants as his logic for “making a really big push into the ghost kitchen and virtual kitchen business.” That led to the launch of virtual food brands, of which Sam’s Crispy Chicken is one of 15.

“Ghost kitchens are revolutionizing real estate,” he said.

Nazarian and Karp both ended with messages of unity, urging safety and sanity in reactions to the ongoing coronavirus epidemic.

“If you can… try to support [hospitality businesses],” Nazarian said. “We’re trying to look at the humanity side of this more than just the virus itself.”

Berdon LLP is the sponsor of TRD’s Coffee Talk 

The post “It is catastrophic:” Sam Nazarian, Kobi Karp talk coronavirus toll appeared first on The Real Deal Los Angeles.

Powered by WPeMatico

  • 25 March 2020
  • The Real Deal
  • Uncategorized
  •  Like
With malls shut, what happens to Simon and Taubman’s deal? →← Sam Zell’s Equity Residential halts evictions, rent hikes on 80K-unit portfolio
  • Recent Posts

    • Carolwood asks “why wouldn’t we” as brokerage launches private listings portal May 10, 2025
    • Post-wildfires, shipping containers, 3D-printed homes provide temporary shelter May 9, 2025
    • Archer snack company leases 351K sf Dodger dog factory in Vernon May 9, 2025
    • One in three distressed borrowers handing back buildings, experts say May 9, 2025
    • LA County greenlights self-certification for Altadena rebuilding May 8, 2025
  • Recent Comments

    • Archives

      • May 2025
      • April 2025
      • March 2025
      • February 2025
      • January 2025
      • December 2024
      • November 2024
      • October 2024
      • September 2024
      • August 2024
      • July 2024
      • June 2024
      • May 2024
      • April 2024
      • March 2024
      • February 2024
      • January 2024
      • December 2023
      • February 2023
      • January 2023
      • December 2022
      • November 2022
      • October 2022
      • September 2022
      • August 2022
      • July 2022
      • June 2022
      • May 2022
      • April 2022
      • March 2022
      • February 2022
      • January 2022
      • December 2021
      • November 2021
      • October 2021
      • September 2021
      • August 2021
      • July 2021
      • June 2021
      • May 2021
      • April 2021
      • March 2021
      • February 2021
      • January 2021
      • December 2020
      • November 2020
      • October 2020
      • September 2020
      • August 2020
      • July 2020
      • June 2020
      • May 2020
      • April 2020
      • March 2020
      • February 2020
      • January 2020
      • December 2019
      • November 2019
      • October 2019
      • September 2019
      • August 2019
      • July 2019
      • June 2019
      • May 2019
      • April 2019
      • March 2019
      • February 2019
      • January 2019
      • December 2018
      • November 2018
      • October 2018
      • September 2018
      • August 2018
      • July 2018
      • June 2018
      • May 2018
      • April 2018
      • March 2018
      • February 2018
      • January 2018
      • December 2017
    • Global Property and Asset Mangement, Inc.
      137 North Larchmont
      Los Angeles, California 90010
      +1 213-427-1127

    © 2025 GPAM