Weekly Perl: A Commercial Real Estate News Recap

Marc Perlof • October 11, 2024
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A blue sign that says the google store is coming soon

Google Is Opening a Store on Third Street Promenade


Within months, Google phones, smartwatches, home accessories, and other items will be sold from the iconic Keller Building at the corner of Third Street and Broadway in the heart of Downtown Santa Monica. This will be one of the only Google Stores in the country and the first in Southern California.


A map of the united states showing the share of out of state movers

Where out-of-state movers are going


Many out-of-state movers stay near their former home — but others wind up about as far away as they can get, per new census data.


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A 7 eleven store with cars parked in front of it

7-Eleven gets new, higher buyout offer from Circle K's parent


Convenience store chain Circle K's parent company raised its bid to buy the owner of 7-Eleven about a month after an initial offer was rejected as too low.

A man is standing next to a dog in a pet services store.

Walmart to open five new pet services centers


Walmart Inc. is expanding its veterinary services offering to new locations. The discount giant, which introduced its first-ever dedicated Pet Services center in the Atlanta suburb of Dallas, Ga.


A large tray of food including chicken , french fries , hot dogs , macaroni and cheese and pickles.

How Dave’s Hot Chicken Transformed a $900 Pop-Up Into a Fast-Casual Growth Engine


With its authentic hot chicken and a solid franchise model, the rising chain continues to attract operators and customers.

A white building with a brown sign that says aaron 's

Done Deal: The Aaron's Company acquired for $504 million


Fintech company IQVentures Holdings has completed its acquisition of the retailer of lease-to-own and purchase solutions for appliances, electronics, furniture and other home goods for $10.10 per share in cash, in a deal valued at approximately $504 million.

The outside of a jack in the box restaurant

Jack in the Box ramps up growth plans for Chicago


Jack in the Box is planning to further its re-entry into Chicago with a new franchise agreement.

A plate of meat and french fries on a wooden table.

5 Fast-Growing BBQ Chains You're About To See Everywhere


Dine at a barbecue joint and expect to be transported to a place of sheer comfort. Ribs are getting covered in sweet, smoky sauce, brisket is getting seasoned, and pulled pork is getting sandwiched between two fluffy buns.

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.
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%.
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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