BR Guest today brought the ax down on three of its big properties due to economic woes, Eater reports. Effective today, the group's highly regarded NYC Italian Fiamma is closed, with the restaurant becoming an event space and chef Fabio Trabocchi going his separate way. The West 77th Street location of Ruby Foo's is also being shuttered, as is the Chicago outpost of Blue Water Grill. Finally, the Level V lounge beneath NYC's Meatpacking District Italian Vento is being rebranded and will reopen in the spring.