Some relatives of mine of mine dined at Karam's the other day, at which point one of the owners came to join them. (One member of the family is a regular customer.) They were told that the restaurant would be closing in a few months because none of the children wanted to carry on the family business. I'm not sure if this means that they've definitely accepted the offer discussed here:
To be on the safe side, though, any die-hard fans might want to head over to Karam's while there's still time.