Weekly Perl: A Commercial Real Estate News Recap

Marc Perlof • January 24, 2025
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An aerial view of a map showing the location of a fire

Palisades Fire Update: 77% Contained, 23,448 Acres Burned as of Friday, Jan. 24 at 6:24 a.m.


As of this morning, the Palisades Fire has reached 77% containment, having burned 23,448 acres. Overnight, Santa Ana winds brought gusts of 35-45 mph, but today’s forecast shows improving conditions, with winds shifting from northeast to southwest and increasing humidity expected by afternoon.

A chick fil a restaurant with a canadian flag flying in front of it.

Chick-fil-A’s Next International Push: More Growth in Canada


The chain is targeting British Columbia for development after successful expansion into Alberta in 2024.

The front of a smoothie king restaurant with a blue awning.

Smoothie King eyes 100+ new stores in 2025


After a strong 2024, Smoothie King is projecting even more expansion in the new year.

A person is holding a brown paper bag in their hand.

Consumer spending forecast to grow 3.1% this year


2025 could be a “breakthrough year,” as retailers engaging with generative AI see some results, according to Deloitte.

The front of a walgreens store with a blue sky in the background

List of Walgreens Stores Closing in 2025


In 2024 the pharmacy chain Walgreens announced it will be closing 1,200 unprofitable stores around the U.S., with some 500 of those closures set for the 2025 financial year.

A hamburger on a bun with cheese and mustard on a marble cutting board.

90-Year-Old Krystal’s Next Act Starts with People


The restaurant industry has, in short order, progressed from a technology laggard to a well of shiny objects. 

A woman is sitting at a table in a restaurant.

Why Cortadito Coffee House is One to Watch


The rising beverage concept infuses Cuban culture into morning coffee rituals.

A restaurant with a red awning that says j on it

This Iconic Restaurant Chain Has Lost 90% of Its Locations—And Just Shut Another Down


Friendly’s just closed another location—can the struggling chain make a comeback?

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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