Weekly Perl: A Commercial Real Estate News Recap

Marc Perlof • September 6, 2024
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A rite aid store with a tree in front of it

US pharmacy chain Rite Aid to operate as a private company as it emerges from bankruptcy


Sept 3 (Reuters) - Rite Aid will operate as a private company after it successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy, the U.S. drugstore chain said on Tuesday.


A bowl of acai bowl with blueberries and strawberries and a spoon.

Playa Bowls Acquired by Another Private Equity Firm


Playa Bowls, a 250-unit superfruit bowl concept, has been purchased by Sycamore Partners. The company was previously owned by Tamarix Equity Partners and other investors.


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A burlington store with cars parked in front of it.

Burlington income soars, sales jump; on track to open 100 stores


Burlington Stores reported better-than-expected second-quarter results with profit that more than doubled as consumers shopped its stores for deals.



A car is parked in front of a building with the number 202 on it

100-Year-Old Venice Building Set for New Restaurant: Report


Chef Travis Lett, known for his work with the Gjelina Group, is spearheading a new restaurant project in Venice, according to LA Eater. 



A blue building with a yellow sign that says best buy

Best Buy tops Street, lifts full-year guidance


Best Buy reported better-than-expected earnings and sales for its second quarter and raised its full-year guidance.



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

Tropical Smoothie Cafe to Stay the Course Under New Ownership


It’s been about two and a half months since Blackstone finalized its acquisition of Tropical Smoothie Cafe. During this period, CEO Charles Watson and his team have met with the private equity firm a few times.



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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