Weekly Perl: A Commercial Real Estate News Recap

Marc Perlof • November 22, 2024
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The logos for jack in the box and deltaco are next to each other on a white background.

Jack in the Box Inc. Reports Fourth Quarter and Full-Year 2024 Earnings


Jack in the Box same-store sales of (2.1%) in Q4 2024, (1.3%) for FY 2024.

A fast food restaurant with tables and umbrellas in front of it.

It Took Chipotle Just Five Years to Build 1,000 ‘Chipotlanes’


One of the first times Chipotle spoke openly about the so-labeled “Chipotlane” was in November 2019, when former CEO Brian Niccol addressed CNBC’s Evolve Summit in Los Angeles. He claimed it was taking the brand “all of 12 seconds” to get food to customers through the format.

A jersey mikes sub shop is located in a brick building.

Sandwich chain Jersey Mike’s acquired for a reported $8 billion


Jersey’s Mike’s has been acquired by the world's largest alternative asset manager.

A sign for katz ace hardware and rental

Ace Hardware revenue grows to record $2.3B in Q3


Operating expenses also rose nearly 13% in the quarter as the company invests in store openings, marketing and more ad spending.

A red and white advance auto parts store with a blue sky in the background

Advance Auto Parts to close 523 corporate stores, exit 200 independent locations


Advance Auto Parts reported another quarter of declining sales and said it planned to close 700-plus stores as part of a “strategic plan to improve business performance with a focus on core retail improvements."

A parking lot with cars parked in front of a restaurant sign

More small businesses to close across from Inglewood Sports & Entertainment District


INGLEWOOD – The city of Inglewood is in negotiations to purchase a dilapidated strip mall across the street from the Inglewood Sports and Entertainment District (ISED) that houses Hollywood Park, Intuit Dome and SoFi Stadium.

A dutch bros store with a truck parked in front of it.

Dutch Bros to accelerate openings in 2025 to 160-plus sites; testing food options


Dutch Bros. Inc. reported better-than-expected third-quarter earnings and sales, fueled in part by its new mobile ordering system and continued store growth.

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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