Weekly Perl: A Commercial Real Estate News Recap

Marc Perlof • March 14, 2025
A banner for weekly commercial real estate news recap
1000th Store Orlando

The continuous downfall of the Third Street Promenade


Residents of Santa Monica are no longer taken aback by the crippling state of the Third Street Promenade – for some it is a normalcy they have always known, and for others, it is a fall from grace they have come to accept. 

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

Kroger to launch superstore concept in retail-starved Denver suburb


Grocery giant Kroger is looking to match supersized population growth with plans to debut its superstore concept in a Denver suburb where retail development has lagged far behind its residential boom.

The front of a dollar tree store with green awnings

Circle K owner considers selling 2,000 US stores as part of potential 7-Eleven deal


The parent company of 7-Eleven said Alimentation Couche-Tard agreed to consider divesting about 2,000 Circle K stores in the United States to address potential antitrust concerns that could torpedo a merger of the companies.

The front of a dollar tree store with green awnings

Dollar stores surge, Walgreens retreats in new store map


February was another big month for dollar stores across the U.S., with 122 opening and 37 closing, according to the monthly Supermarket News store map.

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

Walgreens in $10 billion deal to go private


The struggling retail pharmacy giant has entered into an agreement with Sycamore Partners to be acquired for an equity value of around $10 billion. Upon completion of the deal, Walgreen’s common stock will no longer be listed on the Nasdaq Stock Market, and it will become a private company.

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

CVS plans test of small-format stores


CVS Health is planning to open “a dozen or more” smaller-format CVS Pharmacy locations in markets around the country during the next year, a spokesperson for the retailer told Supermarket News.

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

Jack in the Box reveals opening timeline for 10 new restaurants in Chicago, suburbs


The iconic fast-food chain Jack in the Box will return to the Chicago area this summer with as many as 10 new restaurants set to open in the city and the suburbs, the company said in a release.

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

Retail’s 2025 Outlook: A Tale of Diverging Trends


This year’s outlook for the retail sector and its bricks-and-mortar locations is decidedly mixed, strikingly so across different categories, according to Datex Property Solutions’ latest report.

A person wearing a cowboy hat carries a yellow Dollar General basket while walking past a truck at a store entrance.

Dollar Stores Fight for Relevance Amid Stiffer Competition, Tariffs


Online portals like Temu and Shein — never mind old standbys like Walmart and Costco — have eaten into the record sales dollar retailers enjoyed during COVID-19

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

Costco on tariffs: Margins are much tighter on food


Costco did not seem overly concerned about the Trump administration’s 25% tariffs on Canada and Mexico during its second-quarter earnings call on Thursday, but it reminded shareholders that grocery items will be particularly vulnerable.

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

BJ's Wholesale Club to make big move into Texas


A new wholesale club is looking to expand into Texas for the first time, taking on rivals Sam's Club and Costco.

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

Jollibee launches first U.S. franchise program


Quick-serve chain Jollibee is looking to expand its store count — through franchising.

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

Gap reports strong Q4 as turnaround shows no signs of slowing


Gap Inc. maintained its turnaround momentum during the holiday quarter, reporting sales and earnings that topped Street expectations and a big comp sales increase across its namesake division. 

By Marc Perlof September 18, 2026
10-year Treasury yield hits highest level since 2007 ahead of Fed rate decision New York — The bond market sell-off is raising the stakes for the Federal Reserve’s monetary policy meeting this week and putting a spotlight on the central bank’s commitment to reining in inflation. Traders widely expect the Fed to raise its benchmark interest rate on Wednesday for the first time since 2023. Traders are pricing in a 92% chance of a rate hike, according to CME FedWatch, a real-time forecasting tool...
By Marc Perlof September 14, 2026
By Marc Perlof | @MarcRetailGuy CA #01489206 September 14, 2026 If you own retail real estate, here’s what just changed for you. Why CASp Reports Matter A Certified Access Specialist (CASp) report can help a California retail property owner understand accessibility issues before they become a bigger problem. It may identify concerns involving parking, paths of travel, entrances, doors, restrooms, signage, counters, slopes, and common areas. The value of a CASp report is clarity. It helps an owner understand what issues exist, what may need to be corrected, what may affect a lease or sale, and what requires legal guidance. But owners should be careful. A CASp report should not be ordered casually with no plan. If a report identifies issues and the owner does nothing, the owner may create a record of known problems without a strategy to address them. For retail property owners, the real value of a CASp report is not the report itself. It is reducing uncertainty before that uncertainty turns into buyer leverage, tenant demands, settlement pressure, or a lower sale price. What Is a CASp Report? A CASp inspection is performed by a trained accessibility professional who reviews a property for construction-related accessibility issues. For retail owners, a CASp report may review customer-facing areas such as parking, access aisles, ramps, walkways, entrances, doors, restrooms, counters, signage, slopes, and common areas. The exact scope depends on the property, the tenant use, and the purpose of the inspection. That matters because many owners do not know where the problems are until someone else points them out. That someone may be a plaintiff, attorney, tenant, buyer, lender, or inspector. Why Timing Matters Timing matters with CASp reports. In some situations, getting a CASp inspection before a claim may provide more options than waiting until after a lawsuit is filed. Owners should confirm the timing, legal effect, and any potential benefits with an Americans with Disabilities Act (ADA) attorney before relying on a CASp report. This is one reason retail owners should think about accessibility before there is pressure. Before a lawsuit, sale, refinance, major lease negotiation, tenant turnover, or remodel, an owner may have more control. The owner can speak with an attorney, decide whether a CASp inspection makes sense, evaluate the findings, budget for work, and create a plan. After a lawsuit or during escrow, the owner may have less control. Deadlines are tighter. Buyers may use the issue as leverage. Tenants may resist responsibility. Repairs may need to be priced quickly. That is when unknown risk becomes expensive. Can a CASp Report Create a Problem? Yes, if the owner handles it poorly. A CASp report can be helpful, but it can also create pressure if it identifies issues and the owner ignores them. The problem is not the report itself. The problem is having knowledge of potential issues with no plan to address them. That is why owners should speak with an ADA attorney and a qualified accessibility professional before ordering inspections, making written statements, or starting repairs. The right sequence matters. Get the right guidance. Define the purpose of the report. Review the findings. Create a realistic plan for what can be corrected, what may need more review, and what should be documented. How CASp Reports Can Affect Property Value CASp reports can affect value because they reduce uncertainty. Buyers do not only look at rent, Net Operating Income (NOI), lease term, cap rate, and tenant strength. They also look at risk. If a buyer sees unresolved ADA concerns with no report, no explanation, and no plan, the buyer may assume the worst. That can lead to a lower offer, a repair credit, a price reduction, a holdback, a longer due diligence period, or stronger seller protections. A CASp report can help shift the conversation from guessing to facts. That does not mean every buyer will ignore the issue. It does not mean the property is perfect. But it can help the owner show that the issue has been reviewed and that there is a plan. In real estate, fear often creates bigger discounts than facts. If a repair costs $20,000, the owner wants the discussion to be about $20,000, not a buyer guessing the issue could cost $100,000. That is how clarity can protect value. How CASp Reports Can Affect Leasing CASp reports can also affect leasing. A restaurant, medical tenant, dental tenant, franchise operator, or service tenant may care about accessibility before signing a lease or opening for business. If the owner understands the property’s accessibility issues before lease negotiations, the owner can better decide what work belongs to the landlord, what work belongs to the tenant, and whether the issue should affect rent, tenant improvement money, free rent, or delivery condition. Without that information, the owner may negotiate blind. That can cost money. What Retail Property Owners Should Do Retail owners should not treat CASp reports as a box to check. They should treat them as part of a risk and value strategy. Speak with an ADA attorney before ordering reports or making written statements. Use a qualified CASp professional who understands commercial properties and retail access issues. Define the purpose and scope of the report before the inspection begins. Create an action plan for items that may need correction and consider how the findings could affect a sale, refinance, lease negotiation, or tenant relationship. The goal is to avoid surprises. A surprise during escrow can become a price reduction. A surprise during a lease negotiation can become extra landlord work. A surprise after a lawsuit can become settlement pressure. Final Thought A CASp report is not magic. It does not eliminate every risk, replace legal advice, or automatically protect property value. But it can give a retail property owner something valuable: clarity. For retail property owners, the real value of a CASp report is not just knowing what is wrong. It is knowing what to do next. If you are considering a CASp report before a lease, refinance, or sale, I can help you think through how the findings may affect value, timing, and buyer leverage. In next week’s blog, “Readily Achievable ADA Repairs: What Retail Property Owners Should Understand,” we will discuss why some accessibility fixes may be more manageable than owners think, how year built can matter, and why current property condition matters more than assumptions. Based in Los Angeles. Serving Southern California. Active across California. Advising clients nationwide. #RetailRealEstate #CommercialRealEstate #CaliforniaRealEstate #RetailPropertyOwners #ADACompliance #CASp #PropertyValue #CommercialProperty #MarcRetailGuy
By Marc Perlof September 11, 2026
Morning Consult: Five Below, other retailers among 25 fastest-growing brands Five Below is one of the fastest-growing brands in the U.S. The tween and teen extreme value retailer is the No. 10 fastest-growing brand overall and the only retailer to crack the top 10 in Morning Consult’s “Fastest Growing Brands 2026” report. The study ranks the top 25 brands according to year-over-year purchasing intent. A re-launched, decades-old soda brand, Mr. Pibb, ranked No. 1. Five Below’s purchasing consideration increased 3.2 points this year, according to the report. (The retailer recently reported that its second-quarter sales r ose 22.9% to $1.26 billion...)
More Posts