Transcripts

"Last Word"-One Sweet Real Estate Deal

SUSIE GHARIB: And finally tonight, in these days of growing real estate problems, one landlord has come up with a pretty sweet deal. It's rent, plus a dozen cupcakes! The landlord of the space on New York's Third Avenue wrote a free cupcake rider into a lease for a bakery that rented the space. Now, each month, the Crumbs bakery sends a dozen sweet treats to the landlord's sales meeting. In exchange, the bakery got a better price per square foot and a months' free rent while the store was being fitted out. So Paul, despite the recession, the bakery says business is booming, because cupcakes are an affordable luxury.

KANGAS: That's not a half-baked idea is it?

GHARIB: And you know Paul, I can speak from experience. I've had those cupcakes from Crumbs and they are a very delicious piece of comfort food.

KANGAS: Are you going to send some of those down?

GHARIB: Do you want some? What's your favorite?

KANGAS: Blueberry.