Weekly Perl: A Commercial Real Estate News Recap

Marc Perlof • November 8, 2024
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A grocery store aisle filled with lots of fruits and vegetables.

Blackstone Partners X to Buy ROIC in $4B All-Cash Deal


Blackstone Real Estate Partners X acquired Retail Opportunity Investments Corp. (ROIC) in a $4B all-cash transaction, including debt.

A cvs pharmacy with a heart on the front of it

CVS Q3 revenue rises but earnings down; makes two leadership appointments


CVS Health reported mixed third-quarter results as its revenue rose but higher medical costs in its troubled health insurance arm and a big restructuring charge put pressure on its bottom line. 

A green and white t & t supermarket with a parking lot in front of it

Canadian grocer T&T Supermarket to open 1st U.S. store


Canadian grocer T&T Supermarket is opening its first-ever U.S. store in Bellevue, Wash.

A living room filled with furniture in a furniture store.

Parent of Vitamin Shoppe and Pet Supplies Plus files bankruptcy


Franchise Group has filed for bankruptcy with plans to shut down one of its retail banners.

A pink cup of wendy 's ice cream is sitting on a table.

Wendy’s to Close 140 Stores as it Looks to Strengthen System, Ignite Growth


The burger giant has hit big on some recent promotions as well.

A brick building with a green sign that says publix food & pharmacy.

Publix earnings rise nearly 32%; sales up 5%; stock price increases


Publix reported gains in earnings and sales for its third quarter.

An empty store with a parking lot in front of it.

Store closures to continue into 2025, experts say


The wave of retail closures that was seen in 2024 is expected to continue in the months ahead.

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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