{"id":93737,"date":"2020-10-20T18:25:01","date_gmt":"2020-10-20T15:25:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/travis-kalanicks-cloudkitchens-has-spent-130m-on-real-estate\/"},"modified":"2020-10-20T18:25:01","modified_gmt":"2020-10-20T15:25:01","slug":"travis-kalanicks-cloudkitchens-has-spent-130m-on-real-estate","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/travis-kalanicks-cloudkitchens-has-spent-130m-on-real-estate\/","title":{"rendered":"#Travis Kalanick’s CloudKitchens has spent $130M on real estate"},"content":{"rendered":"

“#Travis Kalanick’s CloudKitchens has spent $130M on real estate<\/strong>”
\n<\/p>\n

\n Uber founder Travis Kalanick\u2019s food delivery startup has spent more than $130 million on real estate as it looks to build out a network of \u201cghost kitchens,\u201d a new report says.<\/p>\n

Entities linked to CloudKitchens \u2014 which rents food-prep spaces to delivery-only restaurants \u2014 have snapp<\/a>ed up more than 40 properties in almost two dozen cities over the past two years, the Wall Street Journal reported<\/a> Tuesday.<\/p>\n

The buildings include a $6.6 million industrial property in Queens and a $9.2 million vacant restaurant space in Miami, according to the paper, which connected the limited liability companies that now own the properties to CloudKitchens\u2019 parent firm, City Storage Systems LLC.<\/p>\n

The buying spree is unusual for startups like CloudKitchens, which often rent space or sign revenue-sharing deals with landlords to facilitate faster growth rather than plunking down cash for properties, the WSJ reported.<\/p>\n

CloudKitchens \u2014 which Kalanick started after resigning as Uber\u2019s CEO in 2017 amid a slew of scandals \u2014 will have to spend even more money converting the spaces into functioning commercial kitchens, according to the Journal.<\/span><\/p>\n

But CloudKitchens appears to have plenty of cash to burn \u2014 the startup reportedly got a $400 million investment from Saudi Arabia\u2019s Public Investment Fund, and Kalanick cashed out his Uber stock to the tune of more than $2 billion last year as he left the ride-hailing giant\u2019s board of directors.<\/p>\n

The company has also been careful about keeping its purchases under wraps. Real estate agents who signed contracts for properties that CloudKitchens bought told the Journal that they knew little about the buyer\u2019s identity.<\/p>\n

CloudKitchens did not immedia<\/a>tely respond to an email seeking comment on the Journal\u2019s reporting.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Travis Kalanick’s CloudKitchens has spent $130M on real estate” Uber founder Travis Kalanick\u2019s food delivery startup has spent more than $130 million on real estate as it looks to build out a network of \u201cghost kitchens,\u201d a new report says. Entities linked to CloudKitchens \u2014 which rents food-prep spaces to delivery-only restaurants \u2014 have snapped…<\/p>\n","protected":false},"author":1,"featured_media":93738,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2020\/10\/kalanick.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[76409,74797,71226,70917,76499],"class_list":["post-93737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-10-20-20","tag-food-delivery","tag-real-estate","tag-startups","tag-travis-kalanick"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/93737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=93737"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/93737\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/93738"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=93737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=93737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=93737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}