Weekly Perl: A Commercial Real Estate News Recap

Marc Perlof • September 13, 2024
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How Far and Fast Will the Fed Cut Rates?


Investors hoping for swift and steep cuts may be disappointed as the U.S. central bank prepares to lower interest rates for the first time in more than four years.


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Forrester: Amazon and Walmart to capture one-fourth of U.S. retail sales by 2029


Two retail giants are poised to dominate the U.S. retail landscape in the years to come. Amazon and Walmart have significantly increased their share of total and online retail sales in the U.S. during the past six years, according to Forrester’s “U.S. 


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A shoe carnival store is located in a brick building.

The big switch: Why Shoe Carnival is flipping some of its stores into Shoe Stations


Shoe Carnival is switching things up. The company has been engaging in tests of replacing some of its namesake stores with one of its other banners, Shoe Station. 


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Starbucks to Re-Emphasize Role as Community Coffeehouse Under New CEO


The new executive said the brand has shifted from what made it great, in addition to an inflated menu, inconsistent product, and unreasonable wait times.



A map of the united states with a lot of cities on it

CVS shutters 19 stores, while dollar stores surge across the U.S.


Dollar stores continued to open rapidly across the U.S. in the second half of August, with Dollar General and Dollar Tree opening more than 100 locations combined.

The front of a big lots store with a closing sign.

Placer.ai: Big Lots closures indicate chain will focus on lower-income markets


Big Lots’ rightsizing effort that’s leading it to shutter about 300 of its nearly 1,400 stores indicates that the value merchandise chain intends to focus more closely on lower-income markets.

A freddy 's ice cream parlor is located in a parking lot at dusk.

Freddy's adds 21 stores to pipeline; to enter new state


Freddy’s Frozen Custard & Steakburgers is continuing to roll out plans for new stores.

A large building with a lot of cars parked in front of it.

Demand for retail space keeps rising despite limited availability


While concerns over an increase in store closing announcements dominated headlines, retail tenants remained firmly in expansion mode during the second quarter.

A map showing 99 cents only closures provide an opportunity for retailers.

What happened to Phoenix’s shuttered 99 Cents Only stores?


Discount retailer 99 Cents Only filed for bankruptcy protection in April 2024, closing 371 stores across the United States.

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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