Weekly Perl: A Commercial Real Estate News Recap
Jack in the Box to Sell Del Taco to Franchisee for $115M
Jack in the Box announced Thursday that it will sell Del Taco to franchisee Yadav Enterprises for $115 million.
The burger giant will use money from the transaction to pay off debt. The move, which is expected to close by January 2026, will also allow Jack in the Box to focus on its core business...
Curtain call for current Civic revitalization efforts as split Council cites economic reasons for ending negotiations
The Santa Monica City Council voted 4-3 Tuesday night to end exclusive negotiations with Revitalization Partners Group over a proposed $360 million restoration of the long-shuttered Civic Auditorium, citing frustration with the lack of financial documentation after nearly two years of discussions...
First Look: Kim Kardashian's Skims opens its largest store to date
Skims has opened its largest store yet, fittingly at North America’s biggest retail and entertainment complex.
The $4 billion-plus shapewear brand co-founded by reality TV superstar and entrepreneur Kim Kardashian has opened its 8,000-sq.-ft. space at Mall of America in Bloomington, Minn...
Lazy Acres Sets Opening Date For New Westside Spot
The move comes after the Whole Foods which formerly occupied the space near the 405 Freeway closed on Oct. 13
Lazy Acres Natural Market, a Southern California-based grocer specializing in organic produce and wellness products, will take over a former Whole Foods location in West Los Angeles, with construction set to begin early next year and an opening targeted for fall 2026...
Nordstrom adds 2028 location to 2026/2027 new store lineup — here is the list
Nordstrom continues to grow the footprint of its off-price retail division.
The department store retailer plans to open a Nordstrom Rack in Rehoboth Beach, Del., in spring 2028. The 25,000-sq.-ft. store will be located in Atlantic Fields, which is owned and managed by a partnership of Southside Investment Partners and Buchanan Partners...
Wendy’s launches turnaround plan to drive growth, profitability
The Wendy's Company has unveiled a strategic plan as its deals with sluggish sales and changing consumer behavior — and continues its search for a new CEO.
Called “Project Fresh,” the new plan is designed to designed to revitalize the brand, reignite growth, accelerate profitability across the Wendy's system and enhance shareholder value. The burger chain has cut its guidance twice during the past year...
Levi’s Q3 profit tops estimates as DTC drives sales; could double U.S. store count
Levi Strauss & Co. reported another solid quarter and raised its full-year outlook as its shift from being a traditional jeans brand to a “DTC-first, head-to-toe denim lifestyle” retailer continues to win over both male and female shoppers.
The apparel giant posted its fourth consecutive quarter of high-single-digit growth and 14th consecutive quarter of positive comp growth.
Ross Stores opens 40 new locations, plans to continue expansion
Ross Stores Inc. expanded the footprint of its two off-price retail banners in both new and existing markets in recent weeks.
The company opened 36 Ross Dress for Less ("Ross") and four DD’s Discounts stores across 17 different states in September and October. The new locations complete Ross Stores’ growth plans for fiscal 2025, for a total of 90 new locations. The retailer said that it “remains confident” in its expansion plans and sees a pathway to grow to at least 2,900 Ross Dress for Less and 700 DD’s Discounts locations over time...
First tenants sign on for $10 billion botanical project aiming to reshape Beverly Hills retail
Three high-profile dining and retail tenants are the first to commit to One Beverly Hills, a $10 billion luxury development that aims to rethink the way people shop in Los Angeles County by adding more green space than any such project in the city.
Italian fashion house Dolce & Gabbana, Italian marketplace and food hall Casa Tua Cucina and London-based restaurant Los Mochis will anchor the 200,000 square feet of retail and dining space, according to the project’s master developer, Cain...
REI to shut some high-profile stores, adding to outdoor retailer closings
A year ago, outdoor retailer REI Co-op was touting its expansion plans. Now the chain plans to close three high-profile stores in New York, Boston and Paramus, New Jersey, next year.
The Sumner, Washington-based chain on Monday confirmed that it’s closing up shop in the landmark Puck Building at 295-309 Lafayette St. in Manhattan’s SoHo neighborhood; 401 Park Drive near Fenway Park in Boston; and 2200 Bergen Town Center in Paramus...
