In a closely watched decision, the Federal Reserve cut its benchmark interest rate for the second consecutive month.

If you own retail real estate, here’s what might change for you.

The hospitality workers’ union UNITE HERE Local 11 is pushing a bold new initiative to raise the City of Los Angeles $30 minimum wage for all city employees by July 1, 2028¹.

If you own commercial real estate within California, here’s what just changed for you.

Jack in the Box announced Thursday that it will sell Del Taco to franchisee Yadav Enterprises for $115 million.

When the entertainment zone ordinance was enacted in June, the Oktoberfest celebration on the Promenade was presented as a good opportunity for seeing the legislation’s potential.

Hey Commercial Real Estate Rockstars!

In Los Angeles, upzoned sites near transit sold for 20–40% more than similar properties that weren’t near transit.⁴ That price jump is now coming statewide.

In Japan, Konbini convenience stores have become part of the country's infrastructure, offering fresh meals delivered several times a day, tickets to concerts and museums, and even services like bill payments.

Hey, Retail Real Estate Rockstars!

City deficits are the hidden NOI risk most retail property owners aren’t watching. When cities go broke, service cuts, fee hikes, and tenant stress follow and that hits your bottom line. Let’s take a closer look.

Petco is set to close 25 stores this year, on top of the 25 it shuttered last year, as it becomes the latest retailer to trim its store fleet.

One of QSR’s fastest-growing concepts is getting another accelerant. Franchise Equity Partners, a private investment firm with $1 billion of committed capital, announced Tuesday it’s acquired a majority stake in 7 Crew

Hey, Retail Real Estate Rockstars!
Property owners could lose tens of thousands in federal tax savings on building upgrades starting July 2026.

California Governor Gavin Newsom has signed several executive order aimed at accelerating the rebuilding of fire-ravaged communities in Los Angeles County. A new order, announced on Thursday, March 27, suspends permitting and environmental review requirements to fast-track infrastructure repairs and prevent future wildfires.

The brick and mortar comeback of Toys"R"Us is moving into high gear ahead of the toy industry’s busiest season.

Malibu’s one-of-a-kind seafood spot, The Reel Inn, may once again serve its signature fish puns and fried and grilled platters on Pacific Coast Highway after the state reversed its earlier position that blocked the restaurant’s return, according to Eater LA.

Hey, Retail Real Estate Rockstars!

Opportunity Zones 2025 (also known as "OZ 2.0") are now a permanent power tool in your portfolio plan if you own or invest in commercial real estate.

Plans to resurrect The Reel Inn Malibu after the Palisades Fire have been shelved following a decision by the California Department of Parks and Recreation not to renew the restaurant’s lease, as reported by The Wall Street Journal.

Hey, Retail Real Estate Rockstars!

Big news just dropped and it may present a great opportunity for retail property owners looking to increase their income, upgrade their properties, and make wise future plans.

Hey, Retail Real Estate Rockstars!

The Big Beautiful Bill (H.R. 1) has completely changed the rules for State and Local Taxes (SALT), which is great news for any property owner who has ever cringed when they see their tax bill.

Louisiana-based chicken chain Raising Cane's will open its first Santa Monica location on the Third Street Promenade as the company continues its aggressive California expansion and the city continues to relax restrictions on chain restaurants in its flagship retail district.

The City Council on Tuesday permanently adopted interim zoning measures that were approved and amended over the past two years to revitalize the Promenade area.

The US single-tenant net lease market saw one of its weakest quarters in more than 10 years in Q2 2025, reports GlobeSt. Sales volume dropped to $9.61B.The decline puts midyear sales at $20.66 billion.

Hey, Retail Real Estate Rockstars!

Big news--The One Big Beautiful Law, HR 1 (2025), recently made 100% Bonus Depreciation permanent. No expiration date. No phase-out.

Thanks to stockpiling, neither the markets nor consumers have been as badly affected by the trade wars as feared. But signs of trouble are looming chaotic and unpredictable, keeping up with Donald Trump’s volatile trade war – never mind his presidency – can be tough.

The grocery segment has never been more competitive, and Aldi, Trader Joe’s, and Lidl have consistently emerged as top players.

Hey Retail Real Estate Rockstars! Let’s talk about something important that’s happening in California: AB 380.

Stanley Iezman has been elected to the board of Downtown Santa Monica, Inc. (DTSM), filling the vacant property owner seat left open after the resignation of longtime board member Julia Ladd.

After more than 40 years, Jack in the Box is reopening in the Chicago area.

According to NBC Chicago, the iconic fast food chain announced in June..

Hey, Retail Real Estate Rockstars!

The brand-new “Big Beautiful Bill” (H.R. 1) just rewired the tax rules. Here’s five headline changes—

One of the largest discount grocers has unveiled another new store concept that aims to cater to Hispanic consumers.

WASHINGTON — Rite Aid's bankruptcy proceedings have led to the sale of Thrifty Ice Cream.

Santa Monica’s new Entertainment Zone debuted last weekend with music, crowds and margaritas to-go, serving a host of visitors on the Third Street Promenade during its opening soft launch.

New study tracks tariff impact on US retail and manufacturing costs using real-time pricing and import data analysis.

The same private equity firm that purchased Subway last year has acquired an emerging fast-casual powerhouse.

The Santa Monica City Council has approved a new Entertainment Zone along the Third Street Promenade, allowing adults to consume alcoholic beverages outdoors with a phased implementation beginning next month.

Dollar Tree on Wednesday said that higher tariffs on imported products would have a significant impact on its second-quarter profitability, although it expected to recover over the course of the year.

President Donald Trump’s ability to unilaterally impose sweeping tariffs was restored Thursday, less than 24 hours after a judge said they had no legal justification.

Burger King is giving its restaurants a make-over.

The fast-food giant plan to remodel about 400 of its locations this year, according to a report by USA Today.

Rite Aid Corporation, one of the nation's largest pharmacy chains, is preparing to close all of its remaining stores as part of ongoing bankruptcy proceedings.

A stretch of Pacific Coast Highway (PCH) was fully closed in both directions on Saturday due to flooding and debris flows caused by rainfall near State Route 27 (Topanga Canyon Boulevard), Tuna Canyon, and Big Rock, following a late-season storm.

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.

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%.

Sam’s Club is ramping up its expansion along with its investments in existing stores.

Duke’s Malibu, a popular beachfront restaurant on the Pacific Coast Highway, has given us hope with a social media update on March 25 after online fears and rumors that the PCH institution might not return after all.

Federal Reserve officials held the central bank’s benchmark interest rate flat Wednesday, indicating that they plan to wait for President Donald Trump's early trade moves to percolate through the economy before they act.

Residents of Santa Monica are no longer taken aback by the crippling state of the Third Street Promenade – for some it is a normalcy they have always known, and for others, it is a fall from grace they have come to accept.

Stephen Dacus, current lead outside director of the board, will take over as the company evaluates a takeover bid from Alimentation Couche-Tard.

In a former clothing store in Santa Monica, young entrepreneurs hawk products live on TikTok, sometimes in marathon sessions that last many hours.

Dutch Bros ended its fiscal year on a high note, with better-than-expected earnings and revenue amid store as well as transaction growth.

Consumers pulled back on spending in January after a stronger-than-expected holiday season.

CoStar suggests that the CRE market could be on the rebound, but remains fragile, with potential risks that could disrupt recovery in 2025.

As the industry still struggles to measure and mitigate shrink, there’s now less data than ever.

As of this morning, the Palisades Fire has reached 77% containment, having burned 23,448 acres.

Joann has filed for Chapter 11 bankruptcy protection for the second time in less than a year.

Posts have appeared on the social media platform Nextdoor showing a sign placed on the windows of the popular high street clothing store, H&M, stating that it's closing on Saturday January 11 and the Daily Press can confirm that this is indeed correct.