Weekly Perl: A Commercial Real Estate News Recap

Marc Perlof • February 28, 2025
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1000th Store Orlando

‘Experiential’ retail surges as landlords try to lure customers back to the mall


In a former clothing store in Santa Monica, young entrepreneurs hawk products live on TikTok, sometimes in marathon sessions that last many hours.

A kfc restaurant with a sign that says ' mr. kentucky ' on it

Palisades High School could come to Downtown Santa Monica


Palisades Charter High School (PCHS) may temporarily relocate to the currently vacant Sears Building in Downtown Santa Monica while the school works to rebuild sections of its campus destroyed by the Palisades Fire. 

The front of a dollar tree store with green awnings

Jack in the Box expands; Outback Steakhouse slows new development; Apartment construction stays muted


Jack in the Box is pushing ahead with planned expansion into Chicago and Florida, as it also deals with slowing sales growth and this week’s announced departure of CEO Darin Harris after five years at the helm of the burger chain.

The front of a dollar tree store with green awnings

Home Depot Q4 earnings, sales top estimates; to open 13 stores


The Home Depot reported a strong quarter that included its first same-store increase in eight quarters, but issued soft guidance as consumers continue to hold back on large remodeling projects.

A large brick building with a tower on top of it is on the corner of a street.

Starbucks laying off 1,100 corporate employees; eliminating these 13 beverages…


Starbucks Corp. is streamlining its corporate organization as its new CEO works to revive the chain’s lackluster performance and focus on the customer experience. 

A large brick building with a tower on top of it is on the corner of a street.

Dollar General launches high-tech distribution center in Arkansas


The discount retailer’s newest distribution center uses automation to more efficiently store and retrieve products.

A large brick building with a tower on top of it is on the corner of a street.

Chicken chain Wingstop aims to expand in face of competition, higher costs and bird flu


Wingstop, a chicken restaurant chain, has ambitious plans for a company that says it's "the largest brand no one has heard of."

A large brick building with a tower on top of it is on the corner of a street.

Family Dollar may have buyers, but Dollar Tree still needs to pull the trigger


Private equity firms are lining up to buy Family Dollar, according to reports. 

A large brick building with a tower on top of it is on the corner of a street.

How Trump administration policies could shape the real estate recovery


As they celebrate another quarter of surging deals, executives with the largest commercial real estate brokerages are sounding notes of caution amid what they say is growing uncertainty over the potential effects of the Trump administration's economic policies.

A large brick building with a tower on top of it is on the corner of a street.

Shake Shack, Cheesecake Factory plan expansion; Walmart warns of slowing sales; Jobless claims edge higher


Buoyed by rising sales at a tough time for the restaurant industry, operators of Shake Shack and Cheesecake Factory said this week they have plans for significant expansions in 2025.

By Isaiah Angeles April 25, 2025
Council wants Downtown entertainment zone to be ‘bigger, broader better’ City Council members unanimously directed staff to develop a more ambitious entertainment zone for the Third Street Promenade this week, rejecting a limited pilot program in favor of a permanent, seven-days-a-week allowance for open container alcohol consumption throughout the area.
By Isaiah Angeles April 18, 2025
The Unintended Consequences of Measure ULA We present evidence suggesting that Measure ULA has reduced higher-end real estate transactions in Los Angeles. Since Measure ULA was enacted, the odds of a Los Angeles property selling at a price above its tax threshold have fallen by as much as 50%. In raw terms, this sharp decline occurred across all types of properties, but our strongest evidence suggests it was particularly pronounced for non-single family transactions, which fell by 30-50%.
By Marc Perlof April 11, 2025
Sam’s Club in big store remodeling and expansion move Sam’s Club is ramping up its expansion along with its investments in existing stores. 
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