Weekly Perl: A Commercial Real Estate News Recap

Marc Perlof • January 10, 2025
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A store window with a sign that says `` sale up to 60 % ''.

H&M set to leave the Third Street Promenade


Posts have appeared on the social media platform Nextdoor showing a sign placed on the windows of the popular high street clothing store, H&M, stating that it's closing on Saturday January 11 and the Daily Press can confirm that this is indeed correct.

An aerial view of an albertsons grocery store at night.

Albertsons ‘more reactive than proactive’ in future buyer search


Albertsons Companies posted strong earnings in its third-quarter financial report Wednesday, beating analyst earnings expectations and announcing plans to cut spending by $1.5 billion over the next three years. 

A restaurant with a glass display case filled with food and stools.

Legendary Italian sandwich shop, All’antico Vinaio, coming to downtown


All’antico Vinaio, a rapidly growing chain of sandwich shops that originated in Italy in 1991, is preparing to open a new location at 316 Santa Monica Blvd, formally the site of Trejo's Tacos.

A woman is taking a picture of a christmas tree with her cell phone.

US retail sales rose 3.8% this holiday season


Consumers were motivated by deals with last minute purchases accounting for 10% of all holiday spending, per Mastercard.

A building with cars parked in front of it at night

Neighborhood Shopping Centers: A National Retail Revival


Neighborhood shopping centers are regaining investor interest, thanks to rising occupancy rates and a limited supply.

The front of a big lots store with a blue sky in the background

Done Deal: Big Lots closes sale to Gordon Brothers Retail Partners


Big Lots has completed a deal that will save up to 400 of its approximate 950 stores from going out of business.

The front of a burger fi restaurant with a palm tree in the foreground.

BurgerFi acquired by Savvy Sliders


A fast-growing Michigan-based restaurant chain has made a new acquisition.

A car is parked in front of a dutch bros restaurant at night.

Why 2025 Promises Even Bigger Things for Dutch Bros


A technology unlock has set the stage for growth on multiple fronts.

A group of people are standing in front of a store cutting a ribbon.

IKEA Opens Small Format Store in Arcadia


IKEA has just opened its first ever small-format store in the Los Angeles market, an 11,000-square-foot retail shop in Arcadia.

Weekly Perl: A Commercial Real Estate News Recap

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.

Weekly Perl: A Commercial Real Estate News Recap

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%.

Weekly Perl: A Commercial Real Estate News Recap

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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