https://www.marcperlof.com https://www.marcperlof.com/how-to-price-a-retail-property-for-sale-in-todays-market <div data-rss-type="text"> <p> <span> By Marc Perlof | MarcRetailGuy  </span> </p> <p> <span> CA #01489206 <br/> <br/> </span> </p> <p> <span> May 4, 2026 </span> </p> <p> <span> <br/> If you own retail real estate, here’s what just changed for you. </span> </p> <p> <span> <br/> Pricing your retail property is not about picking a number. It is about choosing the right strategy to drive buyer demand and maximize your final sale price. </span> </p> <p> <span> If you use the wrong approach, you limit your buyer pool and your outcome. </span> </p> <p> <span> <br/> Retail property pricing has become more strategic. Buyers are more selective and move quickly when deals are positioned correctly. Properties that are not positioned well are being ignored. </span> </p> <p> <strong> <br/> What is causing it? </strong> <span> <br/> Higher interest rates and rising operating costs have made buyers more disciplined. At the same time, demand still exists for well-located assets, especially in Southern California. </span> </p> <p> <span> <br/> This creates a gap. Strong deals get attention. Weakly positioned deals sit. </span> </p> <p> <strong> <br/> How does pricing affect your property value? </strong> <span> <br/> Pricing determines how many buyers engage. More buyers create competition. Competition drives stronger offers and higher pricing. </span> </p> <p> <span> <br/> If your property attracts only one buyer, that buyer controls the negotiation. If multiple buyers engage, you control the process. </span> </p> <p> <strong> <br/> How are buyers responding today? </strong> <span> <br/> Buyers are prioritizing deals that feel well positioned from the start. If pricing creates hesitation, they move on quickly. If pricing creates opportunity, they act. </span> </p> <p> <strong> <br/> What should you do right now? </strong> <span> <br/> Start by understanding that pricing is a strategy, not just a number. Different approaches create different outcomes depending on your asset and buyer pool. </span> </p> <p> <span> What should you focus on? <br/> <br/> </span> </p> <p> <span> Match your pricing approach to your property. A stabilized NNN asset, a strip center with upside, and a redevelopment site should not be brought to market the same way. </span> </p> <p> <span> <br/> Buyers are actively pursuing deals that feel correctly positioned and ignoring those that feel priced without strategy. </span> </p> <p> <span> <br/> There are several ways to bring a retail property to market, including an exact asking price, pricing guidance, request for offers, submit offers, and off-market sales. Each approach attracts a different buyer mindset and leads to a different outcome. </span> </p> <p> <span> <br/> In retail real estate and select commercial opportunities, including development sites, pricing strategy plays a direct role in the final outcome. </span> </p> <p> <span> <br/> Pricing controls demand. Demand controls price. </span> </p> <p> <span> <br/> In the next three weeks, I will break down how each pricing strategy works and when to use it. Start with </span> <strong> “Should You List Your Retail Property With an Asking Price?” (Part 2) </strong> <span> , where I explain when pricing helps and when it hurts your result. </span> </p> <p> <span> <br/> If you listed your property today, would your pricing strategy attract multiple buyers or just one? </span> </p> <p> <span> <br/> Call or DM me for more information. </span> </p> <p> <span> <br/> If pricing drives demand, are you using the right strategy for your property? </span> </p> <p> <span> <br/> Based in Los Angeles. Serving Southern California. Active across California. Advising clients nationwide. </span> </p> <p> <span> <br/> #RetailRealEstate #CommercialProperty #NNN #StripCenters #ShoppingCenters #CRE #LosAngelesRealEstate #InvestmentProperty #PropertyValue <br/> </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <span> <br/> </span> <strong> Disclaimer </strong> </p> <p> <span> This post is for information only. It is not legal, tax, or financial advice. Always check with a licensed professional before making decisions. </span> </p> <p> <span> <br/> </span> </p> <p> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> © 2026 Marc Perlof Group. All rights reserved. </span> </p> <p> <span> <br/> </span> </p> </div> Mon, 04 May 2026 03:38:46 GMT https://www.marcperlof.com/how-to-price-a-retail-property-for-sale-in-todays-market thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap0de08f12 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/69f2701220e2bb31d24cca47.jpeg" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> Fed's Powell says he'll stay on as governor after term as chair ends - as it happened </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Powell said he'll be staying on the  </span> <a href="https://www.reuters.com/markets/us/federal-reserve/" target="_blank"> Fed </a> <span>  Board of Governors after his term as chair ends in May. </span> </p> <p> <span> He said his choice reflects his concern over a series of legal attacks on the Fed. </span> </p> <p> <span> "I worry that these attacks are battering the institution and putting at risk the thing that really matters to the public, which is the ability to conduct monetary policy without taking into consideration political factors," he said... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.reuters.com/world/us/fed-decision-live-us-central-bank-set-hold-rates-what-could-be-powells-last-2026-04-29/" target="_blank"> Read Full Article... </a> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-05-01+at+6.51.03-AM.png" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <br/> </p> <p> <strong> <span>  </span> Tariff refund portal opens; some retailers may be due billions </strong> <span> <br/> <br/> The 10-year yield rose 0.017 percentage point to 4.352% today. The price fell 4/32 to 98 6/32. </span> </p> <p> <span> --Yield is up for two consecutive trading days </span> </p> <p> <span> --Yield is up 0.044 percentage point over the last two trading days </span> </p> <p> <span> --Largest two-day yield gain since Wednesday, April 22, 2026 </span> </p> <p> <span> --Yield is up eight of the past 10 trading days </span> </p> <p> <span> --Today's yield is the fifth highest this year </span> </p> <p> <span> --Highest yield since Friday, March 27, 2026,... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.morningstar.com/news/dow-jones/2026042811299/10-year-treasury-yield-rises-to-4352-data-talk" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_2464497601.jpg" alt="An elevated outdoor view of a modern shopping mall promenade with manicured greenery, palm trees, and pedestrians."/> </a> </div> <div data-rss-type="text"> <p> <strong> Levi’s, Whole Foods Market among ‘most trustworthy’ companies in U.S. </strong> <span> <br/> <br/> Some retailers score better than others when it comes to being trusted by comsumers. </span> </p> <p> <span> Brands that have earned a high degree of trust among consumers are highlighted in Newsweek’s “Most Trustworthy Companies in America 2026” report. The annual study, conducted in partnership with Statista, ranks companies based on trustworthiness. (See end of article for top 20 companies.) </span> </p> <p> <span> Newsweek noted that while trust is a corporation’s most prized possession, it’s an intangible quality that remains “notoriously difficult to quantify...” </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/levis-whole-foods-market-among-most-trustworthy-companies-us?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGhbV2f23kJzwHKZXm9R12GiQC0lDkXIpQv5zQSVbGzBrSbnqY5sjz0fUvoK04mw0q5vy47v4B2H6GsZqVrKWw9gGG-wx62O1Tpt50fA-amYrZ2" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/0526_CPE_Invest_Retail.webp" alt="The American flag waves against a bright blue sky between towering glass skyscrapers, viewed from a low angle."/> </a> </div> <div data-rss-type="text"> <p> <strong> 2025 Retail Net Lease Sales Volumes and Cap Rates </strong> </p> <p> <span> <br/> </span> </p> <p> <span> The single-tenant retail sector posted $2.2B in third-quarter sales volume, down 13.5 percent from the second quarter and nearly 17 percent year-over-year. Cap rates recorded slight upward pressure, rising 1 basis point to 6.93 percent, and by 13 basis points year-over-year. </span> </p> <p> <span> The Southeast region dominated transaction activity in the third quarter, recording $653.7 million in volume and accounting for 29.7 percent of the total. The West followed with $430.9 million, representing 19.6 percent of overall volume. The Southwest ranked third with $373.3 million, or 16.9 percent, while the Northeast recorded $361.0 million, representing 16.4 percent. The Midwest contributed $261.3 million, or 11.9 percent of total volume, and the Mid-Atlantic region trailed with $123.2 million, accounting for 5.6 percent... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.commercialsearch.com/news/2025-retail-net-lease-sales-volumes-and-cap-rates/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=quarterly-apartment-supply-hits-four-year-low&amp;_bhlid=a29f4b2735b78deb1f7c75fede12f370ee9a7cbd" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/IMG_6057.webp" alt="A flat, single-story retail building with a &quot;Pharmacy&quot; sign and a large, empty asphalt parking lot in front."/> </a> </div> <div data-rss-type="text"> <p> <strong> Two more big brands leave the Promenade </strong> <span> <br/> <br/> </span> </p> <p> <span> Doc Martens and It's Sugar have closed their locations on the Third Street Promenade contributing to the 30% vacancy rate on the City’s flagship economic street, even as officials point to millions of dollars in revitalization investments and a wave of new tenants preparing to open their doors. </span> </p> <p> <span> <br/> </span> </p> <p> <span> The departures add to a growing list of vacancies on a street that has struggled to regain its footing since the pandemic. The closures of the Misfit and Anthropologie prompted community debate while the replacement of the Britannia with Taco Bell has also generated significant conversation... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.smdp.com/two-more-big-brands-leave-the-promenade/" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE_Daily_Breif_Image_4743532673.webp" alt="The main entrance of the NuHAA building, featuring a modern glass and stone facade, at sunset."/> </a> </div> <div data-rss-type="text"> <p> <strong> Luxury Retailers Cluster Around Three Cities and Stay There </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Bisnow reports that amid a  </span> <a href="https://www.bisnow.com/national/news/retail/luxury-retailers-focusing-in-on-haute-us-real-estate-corridors-amid-space-crunch-134248" target="_blank"> sector-wide slowdown </a> <span> , luxury retailers are consolidating their presence in just three US cities: New York, Los Angeles, and Miami. After years of expansion into secondary markets, declining revenues and an uncertain economic outlook have prompted leading brands to double down on established, high-traffic corridors. </span> </p> <p> <span> According to JLL, Rodeo Drive, Madison Avenue, Fifth Avenue, Bal Harbour, and the Miami Design District represented 80% of luxury retail openings in 2025. These locations continue to attract brands seeking proximity to wealthy shoppers and solid brand recognition... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/luxury-retailers-cluster-around-three-cities-and-stay-there/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=quarterly-apartment-supply-hits-four-year-low&amp;_bhlid=3d6edb4893924f1fa80d3b53d0f6cd665d30f0ef" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-05-01+at+6.05.25-AM.png" alt="A modern two-story commercial office building with a stone-accented entrance at dusk, seen from a paved parking lot."/> </div> <div data-rss-type="text"> <p> <strong> Fifth Third's new Texas flagship sets tone for $700 million expansion </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Financial services firm Fifth Third Bancorp is going big when it comes to real estate in Texas as part of its planned $700 million expansion, looking to attract new customers after its  </span> <a href="https://www.costar.com/article/1455487390/fifth-third-to-boost-branch-network-in-high-growth-markets-with-deal-to-buy-comerica" target="_blank"> nearly $11 billion acquisition </a> <span>  of Dallas-based Comerica Bank. </span> </p> <p> <span> The Cincinnati-based bank opened its first retail financial center in Texas on the ground floor of an office building in Frisco, Texas, a northern suburb of Dallas. Fifth Third also has three floors of office space at the building at  </span> <a href="https://product.costar.com/detail/lookup/11220584/summary" target="_blank"> 17 Cowboys Way </a> <span>  that it inherited as part of the Comerica deal... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1370511338/fifth-thirds-new-texas-flagship-sets-tone-for-700-million-expansion?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p9&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc3NzU0ODg0M30.IjCcC6McBkCMVtnoCBb1oj94c2rADLVe0DvgmICN7oY" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-05-01+at+6.07.01-AM.png" alt="A green Publix Food &amp; Pharmacy sign mounted on a white and beige building exterior against a blue sky."/> </a> </div> <div data-rss-type="text"> <p> <strong> CVS expands national rollout of pharmacy-only stores to DC </strong> <strong> <br/> </strong> <span> <br/> </span> </p> <p> <span> CVS says it is planning several pharmacy-only locations across the country this year — including one that just opened in Washington, D.C. — as the nation's largest drug store chain works to improve customer access to medications. </span> </p> <p> <span> The Woonsocket, Rhode Island-based retailer opened its D.C. location at 3701 New Hampshire Ave. NW. The store is open seven days a week on the ground floor of the multifamily building Modo Apartments... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1934272503/cvs-expands-national-rollout-of-pharmacy-only-stores-to-dc?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p6&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc3NzU0ODgyMn0.H_vCMAZHXm1jxEvDF9hnWwxsCB90legQ23hDlgkjJuk" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE_Daily_Breif_Image_1523691893.webp" alt="Two bundt cakes on small plates: one with chocolate drizzle, one with caramel drizzle, with cinnamon sticks nearby."/> </div> <div data-rss-type="text"> <p> <strong> Retail Real Estate Gets Smaller and More Selective in 2026 </strong> <span> <br/> <br/> </span> </p> <p> <strong> Retail Real Estate Adapts to New Tenant Demands </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Retail real estate is experiencing a reset as tenants pivot to smaller, more efficient stores, especially in sought-after locations. According to Globe St, landlords are responding by investing in subdividing larger spaces to accommodate the shift, often creating flexible layouts that support the growing demand for multiple small units over single large ones... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/retail-real-estate-gets-smaller-and-more-selective-in-2026/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=office-foot-traffic-hits-post-covid-high-for-march-led-by-west-coast-rebound&amp;_bhlid=d7031009467df0d84040267c1ef017734327eae0" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE_Daily_Breif_Image_2915897111.webp" alt="Interior of a casual restaurant featuring blue chairs, red accents, brick walls, and a &quot;Drink Shack&quot; sign."/> </div> <div data-rss-type="text"> <p> <strong> Store Expansion Puts Starbucks Back in Growth Mode for 2026 </strong> <span> <br/> <br/> </span> </p> <p> <span> CoStar reports that Starbucks posted its first  </span> <a href="https://www.costar.com/article/835230374/starbucks-raises-outlook-as-store-expansion-gains-steam" target="_blank"> quarterly earnings growth </a> <span>  in over two years, signaling momentum in its ongoing turnaround. The company resumed store expansion, ending its fiscal Q2 with 41,129 global cafes, including nearly 17,000 in the US and almost 8,000 in China. </span> </p> <p> <span> The brand aims to open 650 stores worldwide in 2026, continuing a rebound after last year’s closures and layoffs. US expansion is expected to add 150 to 175 company-owned locations, while international regions will see 450 to 500 new cafes... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/store-expansion-puts-starbucks-back-in-growth-mode-for-2026/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=avalonbay-and-equity-residential-are-talking-merger&amp;_bhlid=151af8efca7a4cb730f98419540fa021041cff34" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-05-01+at+6.42.28-AM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> 7-Eleven to renovate, expand thousands of North American stores </strong> </p> <p> <span> <br/> </span> </p> <p> <span> 7-Eleven, the world’s largest convenience store chain, is accelerating its strategy to boost food and beverage sales with a new initiative to renovate thousands of stores to make room for bigger kitchens and coolers to hold chilled food and drinks. </span> </p> <p> <span> 7-Eleven said it is planning to expand and modernize about 7,000 stores in North America by 2030. It’s an addition to a previously announced plan to open 1,300 new stores in the U.S., Canada and Mexico by 2030. 7-Eleven did not provide a cost estimate for the renovation initiative and did not identify the stores slated for upgrades... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1609711782/7-eleven-to-renovate-expand-thousands-of-north-american-stores?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p3&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc3NzU0ODQyMn0.DxoEyILMilTF-P_HzTwhfEj6W8zTm_tM8Sh0-DUQM7M" target="_blank"> Read Full Article... </a> </p> </div> Fri, 01 May 2026 10:30:09 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap0de08f12 2026 thumbnail main image https://www.marcperlof.com/ray-dalio-is-worried-should-retail-property-owners-be-too <div data-rss-type="text"> <div> <span> By Marc Perlof | MarcRetailGuy  </span> </div> <div> CA #01489206 </div> <div> <br/> </div> <div> April 27, 2026 </div> <div> <br/> </div> <div> If you own retail real estate, here's what just changed for you. </div> <div> <br/> </div> <div> Every warning this year has sounded the same. Oil prices are up. Jobs are slowing. Inflation is high. Cap rates are rising. If you have been paying attention, none of that is new. This is different. Ray Dalio is not warning about a recession. He is warning that the system itself is breaking. That is a bigger problem. And it should change how you think about when to sell. </div> <div> <br/> </div> <div> <b> What Dalio Actually Said </b> </div> <div> Ray Dalio runs Bridgewater Associates, one of the biggest hedge funds in the world. In interviews covered by major financial outlets in 2026, he said the U.S. is "very close to a recession." But a recession is not what worries him most. He said something bigger is happening. "We have a breaking down of the monetary order," he said. "We are going to change the monetary order because we cannot spend the amounts of money... We are having profound changes in our domestic order... and we're having profound changes in the world order."¹ </div> <div> <br/> </div> <div> He compared today to the 1930s. Not 2008. Not 2001. The 1930s, when tariffs, debt, and countries fighting over power caused a collapse that took over a decade to fix. He has also warned that rising tensions between countries could trigger a "capital war," where money is used as a weapon and the flow of global investment breaks down.² These are not warnings about next quarter. They are warnings about the next era. </div> <div> <br/> </div> <div> <b> A Recession You Can Wait Out. This You Cannot. </b> </div> <div> This is the part most retail property owners are missing. A recession is a cycle. It goes down and then it comes back up. Owners who held through 2008, through COVID, through rate hikes know how this works. You cut costs, keep tenants in place, and sell when things recover. That works when the basic system stays intact. </div> <div> What Dalio is describing is different. It is not a dip. It is a shift in how the whole economy is valued. When the U.S. dollar loses strength, when other countries stop buying U.S. debt, when the federal deficit is headed toward $1.9 trillion this year more than double what Dalio says is safe,³ interest rates do not fall the way they do after a normal recession. They stay high, or go higher, because the government needs to keep borrowing. That keeps cap rates up. And it does not fix itself on a normal timeline. </div> <div> <br/> </div> <div> In a recession, waiting can be smart. In a reset, waiting is the risk. A recession self-corrects because the Fed can cut rates, credit loosens, and buyers come back. A reset does not self-correct because the government cannot cut rates when it needs to keep borrowing just to stay solvent. </div> <div> <br/> </div> <div> <b> What This Means for Your Tenants </b> </div> <div> Not every tenant feels this the same way. Tenants who sell physical goods: clothes, electronics, furniture, home products, are already paying more because of tariffs. Their costs are up and their profits are shrinking. If several of your tenants are in this category, your risk is real if things get worse. </div> <div> <br/> </div> <div> Service tenants are more insulated. Food, hair salons, auto repair, medical, and personal services generate most of their income from serving people locally. Yes, some of their supplies are imported and tariffs add cost pressure, but they are not dependent on imported inventory the way a clothing store or electronics retailer is. Their business survives because people need those services every week regardless of global trade conditions. Across Los Angeles and Southern California, these tenants have held up through every major downturn. Know which type of tenants you have. In a reset, that difference matters more than ever. </div> <div> <br/> </div> <div> Net lease owners are not off the hook here. A net lease protects you from paying the bills, not from a tenant going under. In a long downturn, even strong tenants can get squeezed. If your tenant closes or restructures, you are left with an empty building in a market where finding a new tenant and selling are both harder than they were two years ago. And lease term matters too. Buyers pay more for properties with long leases remaining. Every year you hold, you burn off term you cannot get back. </div> <div> <br/> </div> <div> <b> What This Means for Your Property Value </b> </div> <div> Consumer prices rose 3.3% in the 12 months ending March 2026. Energy costs jumped 10.9%. Gas prices alone went up 21.2% in a single month, the biggest one month jump since records started in 1967.⁴ U.S. employers added just 181,000 jobs in all of 2025. That is an 88% drop from the 1.46 million jobs added in 2024. Hiring picked up a little in March 2026, with 178,000 jobs added, but unemployment is at 4.3%, the highest since 2024.¹ </div> <div> <br/> </div> <div> These numbers matter because they make it very hard for the Federal Reserve to cut interest rates. Goldman Sachs expects core inflation to still be at 2.5% by the end of 2026 and sees only one rate cut this year at best.⁵ That means buyers will keep demanding higher returns. Cap rates stay wide. And the math hits hard. </div> <div> <br/> </div> <div> If your property brings in $100,000 a year in net income and buyers are pricing it at a 5.5% cap rate, it is worth about $1.82 million. If buyers move to a 6.5% cap rate, an 18% increase in the cap rate, that same income is worth about $1.54 million. That is $280,000 gone, a 15% drop in your dollar property value. No vacancy. No bad tenants. No change in your rent roll. Just an 18% shift in how buyers price risk that wipes out 15% of what your property is worth. In a recession, you can reasonably expect that gap to close when things recover. In a reset, you are betting on a system fixing itself that Dalio says is actively breaking down. </div> <div> <br/> </div> <div> In a recession, you can reasonably expect that gap to close when things recover. In a reset, you are betting on a system fixing itself that Dalio says is actively breaking down. </div> <div> <br/> </div> <div> <b> What You Should Do Right Now </b> </div> <div> First, look at your tenants. Which ones sell goods and which ones sell services. Which ones are paying below market rent. Below market tenants are likely to stay, but buyers will discount your price because they are taking on the risk of getting rents up to market when those leases expire. In a tight capital environment, buyers want stable income, not a re-leasing project. </div> <div> <br/> </div> <div> Second, get a real valuation based on where buyers are today. Not 2022 numbers. Not 2025 numbers. Not what sold nearby 18 months ago. Today's buyers, today's cap rates, today's market. </div> <div> <br/> </div> <div> <b> Real Deal Insight </b> </div> <div> Buyers in Southern California retail are pushing cap rates wider and looking harder at tenant credit than at any point in the last two years. Properties with goods based tenants or short leases are taking longer to price and drawing fewer buyers. Necessity retail with long leases are still trading, but only when sellers price it where the market actually is, not where it used to be. </div> <div> <br/> </div> <div> <b> The Question You Should Be Asking Right Now </b> </div> <div> Cap rates are moving. Buyer pools are shrinking. Pricing windows close quietly. If you are thinking about selling in the next one to three years, now is the time to find out where you actually stand. Not next quarter. Not after the next Fed meeting. Call or DM me and let's look at your property with today's buyers and today's numbers. Don't let uncertainty make this decision for you. </div> <div> <br/> </div> <div> #RetailRealEstate #MarcRetailGuy #CommercialRealEstate #RetailInvestment  </div> <div> #SouthernCaliforniaRealEstate #LosAngelesRealEstate #NNNProperties #StripCenters #RetailPropertyOwners #CapRates #CREInvesting #MomAndPopInvestors </div> </div> <div data-rss-type="text"> <p> <strong> Sources </strong> </p> <p> <a href="https://finance.yahoo.com/economy/policy/articles/1930s-ray-dalio-warns-trump-101700486.html" target="_blank"> ¹ Yahoo Finance / Moneywise, April 19, 2026. </a> <a href="https://www.icsc.com/news-and-views/icsc-exchange/11-retail-real-estate-predictions-for-2026" target="_blank">   </a> </p> <p> <a href="https://www.fool.com/investing/2026/02/15/stock-market-crash-in-2026-billionaire-ray-dalio/" target="_blank"> ² The Motley Fool, February 15, 2026. </a> <a href="https://www.icsc.com/news-and-views/icsc-exchange/11-retail-real-estate-predictions-for-2026" target="_blank">   </a> </p> <p> <a href="https://www.cbo.gov/publication/61882" target="_blank"> ³ Congressional Budget Office. The Budget and Economic Outlook: 2026 to 2036. February 2026. </a> <a href="https://www.icsc.com/news-and-views/icsc-exchange/11-retail-real-estate-predictions-for-2026" target="_blank">   </a> </p> <p> <a href="https://www.bls.gov/" target="_blank"> ⁴ U.S. Bureau of Labor Statistics. Consumer Price Index — March 2026. Released April 10, 2026. </a> <a href="https://www.icsc.com/news-and-views/icsc-exchange/11-retail-real-estate-predictions-for-2026" target="_blank">   </a> </p> <p> <a href="https://www.thestreet.com/economy/goldman-just-released-its-inflation-playbook-for-the-rest-of-2026" target="_blank"> ⁵ Goldman Sachs U.S. Inflation Monitor, April 20, 2026. As reported by TheStreet, April 21, 2026. </a> <a href="https://www.icsc.com/news-and-views/icsc-exchange/11-retail-real-estate-predictions-for-2026">   </a> </p> <p> <span> <br/> </span> </p> <p> <span> <br/> </span> </p> <p> <strong> Disclaimer </strong> </p> <p> <span> This post is for information only. It is not legal, tax, or financial advice. Always check with a licensed professional before making decisions. </span> </p> <p> <span> <br/> </span> </p> <p> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> © 2026 Marc Perlof Group. All rights reserved. </span> </p> <p> <span> <br/> </span> </p> </div> Mon, 27 Apr 2026 14:29:17 GMT https://www.marcperlof.com/ray-dalio-is-worried-should-retail-property-owners-be-too thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapf878500d <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/lowes-ffb971f6.jpg" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> Lowe's continues growth with Florida, Texas stores planned </strong> <span> <br/> <br/> </span> </p> <p> <span> Lowe’s Companies Inc. is set to open the first of five new stores it plans to debut this year. </span> </p> <p> <span> The home improvement giant will open its newest location in Port St. Lucie, Fla., in early June. The store will be the retailer's 133rd location in Florida, and will include approximately 94,000 square feet of retail space, a 30,000-square-foot garden center and will employ more than 100 associates... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2026-04-20?article=lowes-continues-growth-florida-texas-stores-planned" target="_blank"> Read Full Article... </a> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/money_concept2.jpg" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Tariff refund portal opens; some retailers may be due billions </strong> <span> <br/> <br/> Businesses that paid tariffs imposed by President Donald Trump under emergency powers authorization can start applying for refunds. </span> </p> <p> <span> In February 2026, the U.S. Supreme Court ruled that Trump Administration does not have the authority to  </span> <a href="https://chainstoreage.com/supreme-court-rules-against-tariffs-trump-sets-15-global-levy" target="_blank"> unilaterally impose tariffs </a> <span>  on imported products under the International Emergency Economic Powers Act, or IEEPA... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/tariff-refund-portal-opens-some-retailers-may-be-due-billions?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGhTncvWKl2zJUV5aiDkZtm8_THtuLJDru-_MpWmwGfQ4AlBftpFsdAHiBcR_7xmQr2q7GDnBOalLfbrkFVVBaxudfJr5-VMS2rZVoI7SwkwBok" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-04-24+at+8.06.57-AM.png" alt="An elevated outdoor view of a modern shopping mall promenade with manicured greenery, palm trees, and pedestrians."/> </a> </div> <div data-rss-type="text"> <p> <strong> Why Stockdale Capital hasn’t given up on the American mall </strong> <span> <br/> <br/> The American mall has been hit in recent years by a pandemic, online shopping and multifamily investors prioritizing apartments over storefronts. Against that backdrop, Stockdale Capital Partners joins a growing cadre of developers betting that some of the most valuable retail hubs are being overlooked... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1856734611/why-stockdale-capital-hasnt-given-up-on-the-american-mall?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=class-b-apartments-emerge-as-the-market-s-quiet-winner&amp;_bhlid=f6016192a58bc5bedf2b52e2e9548b233b84ae2a" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/aldi-3d9f6087.jpg" alt="The American flag waves against a bright blue sky between towering glass skyscrapers, viewed from a low angle."/> </a> </div> <div data-rss-type="text"> <p> <strong> Aldi testing new store format in U.S. </strong> <span> <br/> <br/> </span> </p> <p> <span> Global grocery operator Aldi South Group is rethinking its store design with an eye to launching a singular retail concept that can be adapted to different building types and and formats. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The German-based discount grocer has been piloting a new store format in the United States for the past few months. Developed in partnership with Australian-based Landini Associates, the new Aldi design is “modularly adaptable” for different store formats and building types across each of the brand’s five diverse territories: the U.S., Australia, Germany, Hofer (Austria, Italy, Hungary, Slovenia &amp; Switzerland) Ireland, and the U.K., according to a post on Landini’s  </span> <a href="https://www.landiniassociates.com/work/aldi-s%C3%BCd-a-singular-globally-unified--trading-format-designed-by-landini-associates" target="_blank"> website </a> <span> ... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="http://chainstoreage.com/aldi-testing-new-store-format-us?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=starwood-reit-closes-1-7b-refinancing-for-sun-belt-workforce-portfolio&amp;_bhlid=d99fbf1a471846320330136afcb6d525bc7fe3ce" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/walgreens.jpg" alt="A flat, single-story retail building with a &quot;Pharmacy&quot; sign and a large, empty asphalt parking lot in front."/> </a> </div> <div data-rss-type="text"> <p> <strong> A&amp;G puts Walgreens leases on the market — here's where </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Dozens of Walgreens store leases are now available as the drug store chain trims its footprint. </span> </p> <p> <span> A&amp;G Real Estate Partners is seeking offers for 60 leases and 18 fee-owned land parcels, stores and other real estate assets across 27 states and Puerto Rico (full list of leased stores at end of article). The fee-owned and leased Walgreens buildings range from 2,070 to 23,509 square feet, while the undeveloped fee owned parcels range from .12 to 20.86 acres... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/ag-puts-walgreens-leases-market-heres-where?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGhSVEgd8C2KQb6DPX3y52gu9COKfDpwleG7Ci_0KYWVdeJpj6mWTC9jDV0pQEz48QahKvYabi96JRM6sOzJRC9lA80hA0rnmaUa9ocSHc_PDkj" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE_Daily_Breif_Image_7185201432.webp" alt="The main entrance of the NuHAA building, featuring a modern glass and stone facade, at sunset."/> </a> </div> <div data-rss-type="text"> <p> <strong> Commercial Loans Show Stability Across Big Banks </strong> <span> <br/> <br/> </span> </p> <p> <strong> Commercial Loans Remain Resilient </strong> </p> <p> <br/> </p> <p> <span> Major US banks including Wells Fargo, Bank of America, and PNC reported that commercial loans, especially in commercial real estate, are holding up well so far in 2026, reports CoStar. Despite higher inflation, shaky consumer sentiment, and global tensions, delinquencies showed little sign of worsening among these lending portfolios. Bank of America, the nation’s second-largest bank, recorded the most visible improvement, reporting a significant decline in nonperforming commercial real estate loans compared to last year... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://www.credaily.com/briefs/commercial-loans-show-stability-across-big-banks/?utm_source%3Dnewsletter.credaily.com%26utm_medium%3Dnewsletter%26utm_campaign%3Dbig-banks-just-posted-their-cleanest-cre-numbers-in-years%26_bhlid%3Df0461a248a6e87c69ba586fedaf8aeb24c1587e9&amp;source=gmail&amp;ust=1777118275509000&amp;usg=AOvVaw1Wqw7VDvuNLr-bWyGlTzZP" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-04-24+at+8.14.08-AM.png" alt="A modern two-story commercial office building with a stone-accented entrance at dusk, seen from a paved parking lot."/> </div> <div data-rss-type="text"> <p> <strong> Ikea competitor is latest online retailer to go physical in Los Angeles </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Digital-first furniture retailers are moving into Los Angeles’ busiest shopping streets in a bid to turn curious consumers into customers. </span> </p> <p> <br/> </p> <p> <span> Povison is the latest example, with the Anaheim, California-based company planning to open its first permanent store at 500 N. La Brea Ave. in West Hollywood in June. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> Founded in 2020, the retailer built its brand around midcentury modern furniture delivered fully assembled, targeting online shoppers seeking design-forward pieces without the hassle of installation... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1162938573/this-ikea-competitor-is-the-latest-online-retailer-to-go-physical-in-los-angeles" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE_Daily_Breif_Image_2938729219.webp" alt="A green Publix Food &amp; Pharmacy sign mounted on a white and beige building exterior against a blue sky."/> </a> </div> <div data-rss-type="text"> <p> <strong> Grocery-Anchored Retail Footprint Expands Amid K-Shaped Market </strong> <span> <br/> </span> </p> <p> <strong> Consistent Issuance Across Diverse Markets </strong> </p> <p> <br/> </p> <p> <span> According to Trepp, grocery-anchored retail continues to capture steady investor attention, with 61 securitized loans totaling $1.4B closed since June 2025. While the sector accounts for only 11.7% of total retail loan balances, it represents 28% of all retail loan transactions, emphasizing smaller average deal sizes compared to other retail segments... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/grocery-anchored-retail-footprint-expands-amid-k-shaped-market/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=class-b-apartments-emerge-as-the-market-s-quiet-winner&amp;_bhlid=ef4a2aaab4b6c0a932512eadff64462a3e374382" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/GPShospitalitysizzleprototype-4ed271c6.jpg" alt="Two bundt cakes on small plates: one with chocolate drizzle, one with caramel drizzle, with cinnamon sticks nearby."/> </div> <div data-rss-type="text"> <p> <strong> Burger King Has Spent Hundreds of Millions on Remodels. Here’s a Look at Why </strong> <span> <br/> <br/> </span> </p> <p> <span> If there’s one way to describe recent months for Burger King, it’s the brand began to speak up again. The past few years were a retrenching of sorts as it rolled one of the most expansive turnaround projects in fast-food history in “Reclaim the Flame.” We’re talking $700 million invested from the company to boost marketing, assets, technology, and more. </span> </p> <p> <br/> </p> <p> <span> Central to the effort was Burger King needed locations to mirror what it was now saying publicly. So, when it hit media to talk about an updated Whopper—the first major upgrades in a decade—or share how it just retired “The King,” it wanted customers who came back, or visited for the first time, to see a brand that felt as refreshed as its creative... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://www.qsrmagazine.com/story/burger-king-has-spent-hundreds-of-millions-on-remodels-heres-a-look-at-why/?spMailingID%3D195356%26puid%3D2594436%26E%3D2594436%26utm_source%3Dnewsletter%26utm_medium%3Demail%26utm_campaign%3D195356&amp;source=gmail&amp;ust=1777118275509000&amp;usg=AOvVaw2LuD_ZEMj-RYGZuGL3fc29" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/party_city_3.jpg" alt="Interior of a casual restaurant featuring blue chairs, red accents, brick walls, and a &quot;Drink Shack&quot; sign."/> </div> <div data-rss-type="text"> <p> <strong> Party City in retail comeback — inside Staples stores </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Staples has entered into a partnership to open Party City shops in its stores nationwide.  </span> </p> <p> <span> The office supplies and services giant has open branded Party City shops in more than 700 stores nationwide and also on Staples.com. The company plans to expand the experience to additional stores by the end of 2026... </span> </p> <p> <span> <span>  </span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/party-city-retail-comeback-inside-staples-stores?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGhU53qvVx6KLxksQzLalATSE0S0z4v0QneY0wt5qYMbaUiE1_h2stjpb4xfkVdqOXFGwEWwT3m6pBLqGXWSIQgoYMOIoiTqs-TP9FAjyEHmeTq" target="_blank"> Read Full Article... </a> </p> </div> Fri, 24 Apr 2026 12:51:50 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapf878500d 2026 thumbnail main image https://www.marcperlof.com/your-retail-property-is-worth-more-than-you-think-here-s-the-proof <div data-rss-type="text"> <div> By Marc Perlof | MarcRetailGuy  </div> <div> CA #01489206  </div> <div> <br/> </div> <div> April 21, 2026 </div> <div> <br/> </div> <div> If you own retail real estate, here's what just changed for you. </div> <div> <br/> </div> <div> The supply drought in retail is no longer a temporary condition. In Southern California, where available retail space was already scarce before construction costs spiked, it has become a structural advantage for owners. Fewer new competition means higher rents, tighter vacancy, and growing buyer demand for what you already own. </div> <div> <br/> </div> <div> <b> What Is the Supply Drought? </b> </div> <div> For over 15 years, developers have barely built any new retail space. That is not an accident. It is the result of rising construction costs, tighter lending, and weak developer confidence following the so-called retail apocalypse narrative. </div> <div> <br/> </div> <div> The numbers tell the story clearly. According to CBRE, annual retail construction completions from 2021 through 2023 fell by more than 80% compared to the mid-2000s. Construction starts hit all-time lows in both 2024 and 2025, according to Newmark's 2026 Sector Outlook. Colliers forecasts new retail construction will fall another 37% in 2026.¹ </div> <div> <br/> </div> <div> There is simply no new supply coming. And that matters enormously for what your property is worth today. </div> <div> <br/> </div> <div> <b> What Is Causing It? </b> </div> <div> Three forces are keeping new supply off the market simultaneously. </div> <div> <br/> </div> <div> First, construction costs remain elevated. Steel, aluminum, and copper are all subject to significant tariff pressure, which has driven up hard costs on any new development. Second, lenders are cautious. Retail lending has improved but has not fully recovered. Financing new ground-up retail is still expensive and difficult. Third, most developers who would normally deliver new product are focused on redevelopment, not new construction. Ground-up speculative retail is largely off the table for now. </div> <div> <br/> </div> <div> The result is a market where existing retail owners hold an advantage that cannot be easily replicated or replaced. </div> <div> <br/> </div> <div> <b> Why Does This Matter for Your Property Value? </b> </div> <div> How does limited supply affect rent? </div> <div> When tenants cannot find new space, they compete harder for existing space. That competition drives rent. According to JLL's Q2 2025 Retail Dynamics report, retail vacancy nationally sat at 4.3% at the end of the second quarter of 2025, with rent growing 2% year over year.² Colliers projects nationwide rent growth of approximately 1.5% for 2026, supported entirely by the lack of new supply. In supply-constrained markets like Southern California, rent growth at renewal has been running well above that average. </div> <div> <br/> </div> <div> Occupancy rates in REIT portfolios are holding at approximately 95%, according to Nareit analysis of Q3 2025 REIT earnings. That is not a cyclical number. That is a structural one. </div> <div> <br/> </div> <div> <b> How are buyers underwriting retail today? </b> </div> <div> Institutional capital has returned to retail in force, and they are underwriting it aggressively. According to JLL, the volume of institutional bids on retail properties being marketed for sale grew 102% over the past two years. REIT bid volume increased 117% over the same period. </div> <div> <br/> </div> <div> According to Northmarq, they are seeing sales activity and buyers paying more for the same income, which means your property is worth more today than it was two years ago across active shopping center markets. In California alone, 18 deals in the second half of 2025 exceeded $100 million, according to ICSC reporting. U.S. retail property sales rose 26% to $71.6 billion in 2025, according to MSCI.³ </div> <div> This is what happens when institutional money competes for a shrinking pool of quality assets. </div> <div> <br/> </div> <div> <b> What Should You Do Right Now? </b> </div> <div> <ol> <li> <b> Understand your rent position relative to market. </b> If your current leases were signed two or more years ago, there is a strong probability your in-place rents are below today's market. That gap represents unrealized value. Document it. A well-presented rent roll showing rent-to-market spread is one of the strongest tools you have in a sale or refinance. </li> <li> <b> Push rents at renewal. This is not the time to roll over leases at flat rates. </b> Tenants have nowhere else to go. Demand for retail space is high and available supply is near record lows. Landlords in supply-constrained markets have real pricing power. Use it. </li> <li> <b> Assess your hold vs. sell timing. Institutional capital is actively deploying into retail right now. </b> Bid volume is at its highest level since 2016. If you have been waiting for the market to stabilize before selling, that moment is here. Cap rate compression in well-located strip centers and shopping centers is real and documented. Waiting longer depends entirely on your basis, your lease structure, and what you plan to do with the proceeds. </li> </ol> </div> <div> <br/> </div> <div> <b> Real Deal Insight </b> </div> <div> In conversations I'm having with buyers right now, the first thing they ask for is the spread between in-place rents and current market. That number is driving offers more than cap rate right now. In active retail investment transactions today, buyers are paying close attention to the spread between in-place rents and current market rents. Properties showing significant upside to market are receiving aggressive offers. Strip centers and unanchored centers with short remaining lease terms are being underwritten with meaningful rent growth assumptions baked in, which is directly compressing cap rates and pushing values higher. </div> <div> <br/> </div> <div> <b> Owner Self-Assessment </b> </div> <div> If your leases were signed more than 24 months ago, do you actually know how far below market your rents are sitting right now? </div> <div> <br/> </div> <div> Do you know what a buyer is underwriting (How a buyer decides what your property is worth to them) your property at today, versus what you think it's worth? </div> <div> <br/> </div> <div> And if institutional capital is actively competing for assets like yours, do you have a broker with the market exposure to put your property in front of that demand? </div> <div> <br/> </div> <div> If any of those answers are unclear, that's the conversation worth having. </div> <div> <br/> </div> <div> If you couldn't answer those questions with confidence, let's talk. A 20-minute call is all it takes to tell you where your property stands today. </div> <div> <br/> </div> <div> If institutional capital is competing harder than ever for retail properties, the real question is: are you positioned to capture that demand, or are you leaving money on the table? </div> <div> <br/> </div> <div> Based in Los Angeles. Serving Southern California. Active across California. Advising clients nationwide. </div> <div> <br/> </div> <div> #RetailRealEstate #RetailREIT #ShoppingCenterInvestment #StripCenters #CommercialRealEstate #SouthernCalifornia #LosAngelesRealEstate #RetailInvestment #NNNProperties #CRE #MarcPerlof #MarcRetailGuy </div> <div> <br/> </div> <div> <br/> </div> </div> <div data-rss-type="text"> <p> <strong> Sources </strong> </p> <p> <a href="https://www.icsc.com/news-and-views/icsc-exchange/11-retail-real-estate-predictions-for-2026" target="_blank"> ¹  CBRE, Annual Retail Construction Completions 2021–2023; Colliers, 2026 Outlook Report: The CRE Reset, 2026 </a> </p> <p> <a href="https://www.google.com/url?q=https://www.icsc.com/news-and-views/icsc-exchange/retail-real-estate-holds-strong-11-updates-that-signal-a-healthy-market&amp;sa=D&amp;source=docs&amp;ust=1776692034804846&amp;usg=AOvVaw2FSVcxUkXJg3C-tjUaVNff" target="_blank"> ² JLL, Q2 2025 Retail Dynamics Report, citing CoStar data.; Nareit, Retail REITs Supported by Tight Supply, October 2025: </a> <a href="http://federalreserve.gov/publications/financial-stability-report.htm" target="_blank">   </a> </p> <p> <a href="https://www.icsc.com/news-and-views/icsc-exchange/large-transactions-institutional-investor-interest-fuel-retail-property-upswing" target="_blank"> ³ MSCI Real Assets, via ICSC, Institutional Investors Drive Surge in Retail Property Sales, February 2026 </a> <span> <span>  </span> </span> </p> <p> <span> <br/> </span> </p> <p> <strong> Disclaimer </strong> </p> <p> <span> This post is for information only. It is not legal, tax, or financial advice. Always check with a licensed professional before making decisions. </span> </p> <p> <br/> </p> <p> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> © 2026 Marc Perlof Group. All rights reserved. </span> </p> <p> <span> <br/> </span> </p> </div> Mon, 20 Apr 2026 12:36:36 GMT https://www.marcperlof.com/your-retail-property-is-worth-more-than-you-think-here-s-the-proof thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapb039bd5b <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_1743868736.jpg" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> NRF: Retail sales inch up for sixth consecutive month in March </strong> <span> <br/> <br/> </span> </p> <p> <span> Retail sales rose slightly in March despite inflation and high gasoline prices as many consumers received higher-than-usual tax refunds. </span> </p> <p> <br/> </p> <p> <span> Core retail sales (excluding restaurants, auto dealers and gas stations) were up 0.41% month over month in March and are up 7.05% year over year, according to the CNBC/Retail Monitor released Tuesday by the National Retail Federation. That compared with increases of 0.27% month over month and 5.87% year over year in February... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/nrf-retail-sales-inch-sixth-consecutive-month-march?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=best-state-for-renters-not-where-you-think&amp;_bhlid=7bc3801d0bfbafb41c4ede39cd448f47a737ab58" target="_blank"> Read Full Article... </a> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE_Daily_Breif_Image_3908373862.webp" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Retail Stabilizes as Store Closures Fade </strong> <span> <br/> <br/> Market Absorbs Closures </span> </p> <p> <br/> </p> <p> <span> The US retail sector entered 2026 on a more stable footing as the absorption of prior store closures continued. After a rocky period in 2024 and uneven market conditions last year, leasing activity showed resilience and vacancies remained relatively flat, according to Colliers’ Knowledge Leader. Net absorption was negative 4.3M SF in Q1, reflecting lingering impacts from closures. However, robust backfill demand and lower move-outs signaled that the worst may be over for many shopping centers. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/retail-stabilizes-as-store-closures-fade/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=best-state-for-renters-not-where-you-think&amp;_bhlid=ec3721432fab5462346630d358911b4f99bc7e3a" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-04-17+at+8.28.50-AM.png" alt="An elevated outdoor view of a modern shopping mall promenade with manicured greenery, palm trees, and pedestrians."/> </a> </div> <div data-rss-type="text"> <p> <strong> Mall owners plot how to fill Saks Global’s abandoned space </strong> <span> <br/> <br/> Just hours after Saks Global said it was closing a Neiman Marcus store at a Boston mall, the property's landlord unveiled a plan to redevelop the soon-to-be-vacant space that anchors the retail hub. </span> </p> <p> <br/> </p> <p> <span> Indianapolis-based Simon Property Group, obviously prepared for the tenant exit, said it would carve up the luxury chain's roughly 100,000 square feet of space at Copley Place and fill it with a lineup of new luxury retailers and distinctive restaurants... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/591460681/mall-owners-plot-how-to-fill-saks-globals-abandoned-space?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=one-decade-of-underbuilding-ten-million-missing-homes&amp;_bhlid=a466155cd5c2b00b0f2d72bc76c5f393d6d6094d" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/jackinthebox_one.jpg" alt="The American flag waves against a bright blue sky between towering glass skyscrapers, viewed from a low angle."/> </a> </div> <div data-rss-type="text"> <p> <strong> Jack in the Box is Coming to Orlando </strong> <span> <br/> <br/> </span> </p> <p> <strong> Jack in the Box </strong> <span> , the clown-themed fast food restaurant, is coming to Orlando. </span> </p> <p> <br/> </p> <p> <span> The restaurant will open at  </span> <strong> 5324 S. John Young Parkway </strong> <span>  in  </span> <strong> June 2026 </strong> <span> , according to its official  </span> <a href="https://locations.jackinthebox.com/us/fl/orlando" target="_blank"> <strong> website </strong> </a> <span> . </span> </p> <p> <span> The chain, founded in the 1950s in San Diego by Robert O. Peterson, is known for as much for its burgers and tacos as it is for its Jack in the Box clown mascot. The restaurant had a significant Florida presence in the 1970s and 80s, but closed its Sunshine State restaurants. Now, it’s making a return to Florida... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://whatnow.com/orlando/restaurants/jack-in-the-box-is-coming-to-orlando/" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Taco-Bell.webp" alt="A flat, single-story retail building with a &quot;Pharmacy&quot; sign and a large, empty asphalt parking lot in front."/> </a> </div> <div data-rss-type="text"> <p> <strong> Fast food's return to the Promenade draws upbeat reactions from city officials </strong> <span> <br/> <br/> </span> </p> <p> <span> Local officials and business leaders say the planned opening of a Taco Bell Cantina in downtown Santa Monica reflects a pragmatic pivot in how the city thinks about filling its empty storefronts. </span> </p> <p> <br/> </p> <p> <span> The comments come as Taco Bell Cantina has filed for commercial building permits to open at 318 Santa Monica Blvd. Permit filings show the project would convert 1,510 square feet of existing office space into a restaurant and bar with a mezzanine level, valued at nearly $400,000. </span> </p> <p> <span> <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.smdp.com/fast-foods-return-to-the-promenade-draws-upbeat-reactions-from-city-officials/" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-04-17+at+8.54.14-AM.png" alt="The main entrance of the NuHAA building, featuring a modern glass and stone facade, at sunset."/> </a> </div> <div data-rss-type="text"> <p> <strong> 7-Eleven to close hundreds of stores in US, Canada, Mexico in focus on food sales </strong> </p> <p> <span> <br/> </span> </p> <p> <span> 7-Eleven is planning to close hundreds of stores in North America as it doubles down on its goal of selling more food and drinks while it delays the planned initial public offering of its North American division. </span> </p> <p> <span> The world's largest convenience store chain will close 645 stores in the United States, Canada and Mexico during the 12 months that began March 1, according to a financial report issued by Seven &amp; i Holdings, the Japan-based parent company of 7-Eleven. The company did not identify the stores set to close... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1686124310/7-eleven-to-close-hundreds-of-stores-in-us-canada-mexico-in-focus-on-food-sales?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p2&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc3NjM0NzQ0OH0.tIK5i-nacuKIfRGL2xKGv425U2wP-pyDegK7YmDnMeE" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/JerseyMikesSandwiches.jpg" alt="A modern two-story commercial office building with a stone-accented entrance at dusk, seen from a paved parking lot."/> </div> <div data-rss-type="text"> <p> <strong> Jersey Mike’s Reported Another Year of Growth in 2025 </strong> <span> <br/> <br/> </span> </p> <p> <span> In a lot of respects, it’s been a stretch of change for Jersey Mike’s, a brand that had the same CEO for five decades until former Wingstop, Pizza Inn, and Salad and Go leader Charlie Morrison took over just about a year ago. And that was five months post-sale to  </span> <a href="https://www.qsrmagazine.com/growth/jersey-mikes-to-sell-majority-ownership-to-blackstone/" target="_blank"> private-equity behemoth Blackstone for a reported $8 billion </a> <span>  (the deal closed on January 16, 2026)... <br/> </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/jersey-mikes-reported-another-year-of-growth-in-2025/?spMailingID=194707&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=194707" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE_Daily_Breif_Image_5760489981.webp" alt="A green Publix Food &amp; Pharmacy sign mounted on a white and beige building exterior against a blue sky."/> </a> </div> <div data-rss-type="text"> <p> <strong> Liability Insurance Costs Surge for Landlords Nationwide </strong> <span> <br/> <br/> Litigation Drives Insurance Spike </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> Commercial landlords across the US are facing rapidly escalating liability insurance premiums and decreased coverage, reports Bisnow. Time Equities, a firm with 43M SF under management, reports premiums for umbrella and excess liability insurance have quadrupled since 2020. Federal tort cases climbed 20% from 2022 to 2024, while premises liability cases increased 25% in the same period, according to industry reports... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/liability-insurance-costs-surge-for-landlords-nationwide/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=liability-insurance-is-becoming-landlords-most-expensive-problem&amp;_bhlid=bd106c04e71b890a02ed1c35d8182f4cebc0a43c" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE_Daily_Breif_Image_7326466907.webp" alt="Two bundt cakes on small plates: one with chocolate drizzle, one with caramel drizzle, with cinnamon sticks nearby."/> </div> <div data-rss-type="text"> <p> <strong> Warehouse Clubs Drive One-Stop Shop Evolution </strong> <span> <br/> <br/> </span> <strong> Warehouse Clubs See Rising Demand </strong> </p> <p> <br/> </p> <p> <span> <span>  </span> Warehouse clubs are quickly solidifying their role as leading one-stop shop destinations, reports Globe St. Brands like Costco, Sam’s Club, and BJ’s Wholesale Club have grown their market influence, recording notable member and traffic gains in 2025. Their focus on competitive pricing, expanded merchandise, and additional services has helped attract and retain a broader range of shoppers... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://www.credaily.com/briefs/warehouse-clubs-drive-one-stop-shop-evolution/?utm_source%3Dnewsletter.credaily.com%26utm_medium%3Dnewsletter%26utm_campaign%3Dliability-insurance-is-becoming-landlords-most-expensive-problem%26_bhlid%3D1fdf2cc294e5dcebda99cea190257112eac5e0c4&amp;source=gmail&amp;ust=1776474413659000&amp;usg=AOvVaw1qKXa2HJyMaQdlliKCBWSa" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/trophy.jpg" alt="Interior of a casual restaurant featuring blue chairs, red accents, brick walls, and a &quot;Drink Shack&quot; sign."/> </div> <div data-rss-type="text"> <p> <strong> Walmart, Amazon retain top spots in annual NRF ranking of top 50 global retailers </strong> <span> <br/> <br/> </span> </p> <p> <span> U.S.-based retail giants giants dominate the upper tier of an annual ranking of the leading international retailers based on their retail revenues in 2025. </span> </p> <p> <span> Walmart once again took No. 1 spot in the National Retail Federation’s “2026 Top 50 Global Retailers” ranking, which was conducted by Kantar. Amazon retained the No. 2 spot. Rounding out the top five were two Germany-based companies — Schwarz Group (No. 3) and Aldi (No.4.) — and Costco Wholesale Corp. (See list of top 25 global retailers at end of article)... <br/> </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/walmart-amazon-retain-top-spots-annual-nrf-ranking-top-50-global-retailers?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGhKmqi9A4oVrvHqY9J8Wp2rSu2kbZ4MsBN9i_fxMJIaQjR_myWE-4wi9UKzmShE6qCOh5JP6gjjH-l6lE6LAzmwMMt3vQ8dEjr4JLLHuvjINIi" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-04-17+at+9.05.35-AM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> CPI Report Today: Inflation Hits Highest Level in Nearly 2 Years </strong> <span> <br/> <br/> </span> </p> <p> <span> There was no doubt that the spike in gasoline prices was going to drive up price growth in March, but the latest data show the Iran war's effects on inflation were largely contained to energy, at least for now. </span> </p> <p> <span> That provided markets with a bit of good news to close out the week, but the U.S. is nowhere near the peak of inflation stemming from this latest Middle East conflict. The coming months could bring more headaches to both Federal Reserve officials and investors—and possibly diminish the market's hopes for lower interest rates later this year... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.barrons.com/livecoverage/inflation-report-cpi-data-march-fed-rate-cuts" target="_blank"> Read Full Article... </a> </p> </div> Fri, 17 Apr 2026 14:50:27 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapb039bd5b 2026 thumbnail main image https://www.marcperlof.com/are-private-equity-deals-changing-risk-for-nnn-retail-owners <div data-rss-type="text"> <div> By Marc Perlof | MarcRetailGuy  </div> <div> CA #01489206 </div> <div> <br/> </div> <div> April 13, 2026 </div> <div> <br/> </div> <div> If you own retail real estate, here’s what just changed for you. </div> <div> <br/> </div> <div> Private equity ownership changes the risk profile of your tenant. Strong brands can become more efficient, but also more sensitive to costs over time. When private equity takes over retailers, your rent may become less predictable. </div> <div> <br/> </div> <div> <b> What is changing? </b> </div> <div> Private equity firms are buying or investing in retail brands. After the purchase, they often change how the business is run. </div> <div> <br/> </div> <div> One common move is selling the real estate and leasing it back. The company becomes a tenant instead of an owner. This creates fixed rent payments. </div> <div> <br/> </div> <div> They also focus on increasing profit quickly. That can include cutting costs, simplifying operations, and shifting more stores to franchisees. These changes can improve efficiency and free up capital, but they can also increase pressure on store-level performance. </div> <div> <br/> </div> <div> <b> Why this is happening? </b> </div> <div> Private equity is focused on returns within a set time frame. They use debt and operational changes to increase profits. Real estate is often treated as a source of cash, not a long-term hold. </div> <div> <br/> </div> <div> <b> What this does to your value? </b> </div> <div> How does this affect your property value? Your value depends on stable income. Higher leverage and tighter margins make your income less predictable. </div> <div> <br/> </div> <div> Uncertainty leads to higher cap rates. Higher cap rates lower your value. </div> <div> A 100 basis point increase in cap rate can reduce your property value by 12% to 18%, depending on income and buyer demand. </div> <div> <br/> </div> <div> <b> How are buyers underwriting this today? </b> </div> <div> Buyers are looking past the brand name. They are focusing on unit-level performance and rent levels. </div> <div> <br/> </div> <div> If rent is too high compared to sales, they apply a higher cap rate or reduce their offer. </div> <div> <br/> </div> <div> <b> What happens if the tenant’s costs increase? </b> </div> <div> When rent, labor, and food costs rise at the same time, weaker locations start to underperform. That is when closures or lease renegotiations happen. </div> <div> <br/> </div> <div> <b> Strategic Advice for Retail Property Owners </b> </div> <div> What should you do right now? Review your tenant’s ownership structure. Know if the brand is private equity backed. Do not assume brand strength equals tenant strength. </div> <div> <br/> </div> <div> <b> What should you review in your lease? </b> </div> <div> Focus on rent relative to sales, if possible. Rent that gets too high as a percentage of sales creates risk. Also review lease term, options, and guarantor strength. </div> <div> <br/> </div> <div> <b> What should you prepare for? </b> </div> <div> Plan for more tenant scrutiny at sale. Buyers will ask deeper questions about store performance and long-term viability. Be ready to support your income with real numbers. </div> <div> <br/> </div> <div> <b> Real Deal Insight </b> </div> <div> In today’s market, buyers are underwriting rent relative to store performance or sales, franchisee versus corporate structure, and margin pressure. Deals that once traded aggressively are now being discounted when rent exceeds sustainable levels or when the tenant is more leveraged after a private equity transaction. This is showing up in pricing, cap rates, and buyer demand across Southern California. </div> <div> <br/> </div> <div> <b> Owner Self-Assessment </b> </div> <div> If your tenant’s costs increase, can they still comfortably pay your rent? </div> <div> <br/> </div> <div> <b> Market Data and Sources </b> </div> <div> <ul> <li> Sale-leasebacks are widely used in restaurant and retail sectors to free up capital and create long-term lease obligations.¹ </li> <li> Private equity ownership often increases leverage, which can raise financial risk during downturns.² </li> <li> Restaurant margins are sensitive to labor and food costs, which have increased in recent years.³ </li> </ul> </div> <div> <br/> </div> <div> If you own retail real estate in Los Angeles or Southern California, this is already showing up in how buyers evaluate NNN properties, strip centers, and single-tenant assets. </div> <div> <br/> </div> <div> If you are thinking about selling or refinancing in the next 12 to 24 months, now is the time to evaluate your tenant strength and pricing. Small shifts in cap rates can materially impact your exit value. </div> <div> <br/> </div> <div> Is your tenant’s business strong enough to support your rent long term? </div> <div> <br/> </div> <div> #RetailRealEstate #NNNProperties #FastFoodRealEstate #CommercialRealEstate #CapRates #LosAngelesRealEstate #CREInvesting #InvestmentProperty #NetLease #RetailInvesting </div> </div> <div data-rss-type="text"> <p> <strong> Sources </strong> </p> <p> <a href="https://restaurant.org/" target="_blank"> ¹  National Restaurant Association, Restaurant Industry Overview, 2024–2025 </a> <a href="https://finance.yahoo.com/economy/policy/articles/treasury-just-declared-u-insolvent-151425143.html?utm_source=chatgpt.com" target="_blank">   </a> </p> <p> <a href="http://federalreserve.gov/publications/financial-stability-report.htm" target="_blank"> ² Federal Reserve, Financial Stability Reports, 2024–2025 </a> <span> <br/> </span> </p> <p> <a href="https://www.bls.gov/" target="_blank"> ³ U.S. Bureau of Labor Statistics, Food and Labor Cost Trends, 2024–2025 </a> <span> <br/> </span> <span> <br/> </span> <span> <br/> </span> </p> <p> <strong> Disclaimer </strong> </p> <p> <span> This post is for information only. It is not legal, tax, or financial advice. Always check with a licensed professional before making decisions. </span> </p> <p> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> © 2026 Marc Perlof Group. All rights reserved. </span> </p> <p> <span> <br/> </span> </p> </div> Mon, 13 Apr 2026 07:10:40 GMT https://www.marcperlof.com/are-private-equity-deals-changing-risk-for-nnn-retail-owners thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap821198d9 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE_Daily_Breif_Image_6938468577.webp" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> Retail Construction Slows Nationwide in 2026 </strong> <span> <br/> <br/> </span> <strong> Limited New Supply </strong> </p> <p> <span> The Commercial Observer reports that retail construction is slowing significantly in the US, with just 64.2M SF underway in Q1 2026, per CoStar Group data. This marks an 8% decline from 2025 and falls far short of the 10-year average of 90M SF. Industry experts point to rising land prices, higher construction costs, and elevated interest rates as key headwinds for retail construction. </span> </p> <p> <span> <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/retail-construction-slows-nationwide-in-2026/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=the-worst-time-to-build-retail-is-becoming-the-best-time-to-own-it&amp;_bhlid=5acf2b9a119c32e430b7455a917962a9fd0d71f1" target="_blank"> Read Full Article... </a> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/image001_2.jpg" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> C-store retailer Yesway files IPO; plans to open 130 new stores by 2031 </strong> <span> <br/> <br/> Yesway has revived its effort to go public. </span> </p> <p> <br/> </p> <p> <span> <span>  </span> The Texas-based convenience store operator, which operates stores under the Yesway and Allsup banners, has filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of Class A common stock. The company, which filed to go public in 2021 but subsequently withdrew the effort, applied to list the stock on the Nasdaq under the ticker symbol "YSWY..." <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/c-store-retailer-yesway-files-ipo-plans-open-130-new-stores-2031?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGhATgK499NB_QhtuYcy9yLPifVRNXpEW8uAp1iXKo0LBfbw11ZobzHNg2Y4pMtyq5z6w3pmzQggaYiNFM7f8SDYcTLINiFk0MHXVVZPObDimo2" target="_blank"> ReadFull Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/IMG_0096-e1643042585962.jpeg" alt="An elevated outdoor view of a modern shopping mall promenade with manicured greenery, palm trees, and pedestrians."/> </a> </div> <div data-rss-type="text"> <p> <strong> County Launches New Funding to Help Communities Buy Commercial Properties </strong> <span> <br/> <br/> The program offers forgivable financing to small businesses, nonprofit organizations and developers seeking to acquire commercial buildings. Officials say the goal is to promote local ownership of storefronts. </span> </p> <p> <br/> </p> <p> <span> Los Angeles County officials announced a new round of funding aimed at helping small businesses and community groups purchase commercial properties, part of a broader effort to stabilize neighborhood business districts and reduce displacement... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smmirror.com/2026/04/county-launches-new-funding-to-help-communities-buy-commercial-properties/" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-04-10+at+8.50.17-AM.png" alt="The American flag waves against a bright blue sky between towering glass skyscrapers, viewed from a low angle."/> </a> </div> <div data-rss-type="text"> <p> <strong> Bed Bath &amp; Beyond, making second pivot, to buy retailers Lumber Liquidators, Cabinets To Go </strong> <span> <br/> <br/> </span> </p> <p> <span> Bed Bath &amp; Beyond will soon have a second $150 million acquisition under its belt, now striking a deal to buy the company that owns retailers Lumber Liquidators and Cabinets To Go and their roughly 300 stores. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The back‑to‑back acquisitions signal a sharp strategic pivot for Bed Bath &amp; Beyond, underscoring its effort to reinvent itself from a traditional home‑goods retailer into a home‑services company focused on higher‑ticket renovation and installation projects rather than low‑margin merchandise sales... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1463937271/bed-bath-beyond-to-add-retailers-lumber-liquidators-cabinets-to-go-to-its-portfolio?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p1&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc3NTc0ODk4Mn0.KptYWOtQ2jaj8pVZsuqJhMGjlPHfPYf3Fp_TFQnLpZE" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Chickfilaemployee.jpg" alt="A flat, single-story retail building with a &quot;Pharmacy&quot; sign and a large, empty asphalt parking lot in front."/> </a> </div> <div data-rss-type="text"> <p> <strong> Chick-fil-A Dials Up Expansion as Sales Near $24 Billion </strong> <span> <br/> <br/> </span> </p> <p> <span> Chick-fil-A is in the process of  </span> <a href="https://www.qsrmagazine.com/story/chick-fil-a-is-adjusting-its-licensed-location-strategy/" target="_blank"> shifting its licensed strategy </a> <span>  and eyeing international acceleration. But stateside, growth is ramping up as well. According to its Monday-released FDD, the company expanded by a net of 179 franchised and company-operated stores in 2025 to reach 2,863 total outlets. That was a material lift from 2024’s 132 net openings and the prior year’s 141... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/chick-fil-a-dials-up-expansion-as-sales-near-24-billion/?spMailingID=193642&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=193642" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/shopping_center-403be235.jpg" alt="The main entrance of the NuHAA building, featuring a modern glass and stone facade, at sunset."/> </a> </div> <div data-rss-type="text"> <p> <strong> Store Expansion News: March update </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Retailers and restaurants alike made headlines in March with store expansion plans and new formats. </span> </p> <p> <span> Here are the major stories as reported by Chain Store Age, starting with the most recent. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <strong> •CVS opens first of nearly 20 pharmacy-only stores planned for 2026  </strong> <span> CVS Health has opened the first of nearly 20  </span> <a href="https://chainstoreage.com/cvs-opens-first-nearly-20-pharmacy-only-stores-planned-2026" target="_blank"> pharmacy-only </a> <span> , “apothecary-style” CVS Pharmacy locations it plans to open this year. Located in Chicago’s West End neighborhood, the new concept aims to help bridge gaps in care and make it easier for community members to access medications, immunizations and other health care services, according to the company... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/store-expansion-news-march-update-1?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGhC4UFTOT4uW6psjMkYQPz1kDGciG5VenpiuC45wccJpx-ub-NaRrYRGKyEpidvuCJGwoKSc_6b7JV8CdtNHcfTdvGrKTawOrykIvGzVdDTCpA" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/construction_workers.jpg" alt="A modern two-story commercial office building with a stone-accented entrance at dusk, seen from a paved parking lot."/> </div> <div data-rss-type="text"> <p> <strong> CoStar: Retail space construction down year over year in Q1 </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Commercial real estate construction remained low to start the year, continuing a long-term trend. </span> </p> <p> <span> New data from real estate analytics firm CoStar found that in the first quarter of 2026, roughly 64.2 million square feet of retail space was under construction in the U.S., down from approximately 70 million square feet a year earlier. The first quarter total was also well below the 10-year average, which consistently exceeded 90 million square feet during the last expansion cycle... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/costar-retail-space-construction-down-year-over-year-q1?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGhC4UFTC7lO_RXjkpVnl-ZGg3nZBbuEo4b6yVk7XomCiDWJIo4HjeLLbNmgrZSiL5nXjBEI3WOjYPFsv4wccFf9IC3BpH6_bFs_hzFz7yf6JEh" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/wayfair_fort_lauderdale_rendering.jpg" alt="A green Publix Food &amp; Pharmacy sign mounted on a white and beige building exterior against a blue sky."/> </a> </div> <div data-rss-type="text"> <p> <strong> Wayfair to open large-format store at Galleria Fort Lauderdale </strong> </p> <p> <span> <br/> Wayfair is expanding its brick-and-mortar plans to the Sunshine State. </span> </p> <p> <span> The online home furnishings giant will open its first large-format store in Florida at Galleria Fort Lauderdale as part of the center's comprehensive redevelopment... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/wayfair-open-large-format-store-galleria-fort-lauderdale?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGhC4UFTMNHDtTzAlfpVioBhuZ1sGusra02lL7PvbNM3mKDfYoUkrkMFwDmoUJbbNtt-3umDDRI8sJiZrLe4ypQeCU_DjS4U0ltncAh-yISS4XN" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/A_map_showing_store_closings_and_openings_in_March.webp" alt="Two bundt cakes on small plates: one with chocolate drizzle, one with caramel drizzle, with cinnamon sticks nearby."/> </div> <div data-rss-type="text"> <p> <strong> Dollar Tree closed the most stores in March </strong> <span> <br/> <br/> Dollar Tree closed over a dozen stores during the month of March, including four in New Jersey and another three in New York, according to the latest data provided by  </span> <a href="http://www.scrapehero.com/" target="_blank"> ScrapeHero </a> <span> .  </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> Walgreens closed six locations while both CVS and Family Dollar closed five. Publix powered down three locations.  </span> </p> <p> <span> CVS led the month for openings with six and Target opened five. Costco celebrated three openings and Dollar Tree cut the ribbon on two openings... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/new-stores/dollar-tree-closes-the-most-stores-in-march?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_04082026&amp;utm_campaign=69822&amp;utm_medium=email&amp;elq2=5b9685965aa548259713f30ef4d9867d&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-04-10+at+10.16.21-AM.png" alt="Interior of a casual restaurant featuring blue chairs, red accents, brick walls, and a &quot;Drink Shack&quot; sign."/> </div> <div data-rss-type="text"> <p> <strong> Marco's Pizza to open new locations across SoCal </strong> </p> <p> <span> <span>  </span> <br/> </span> </p> <p> <span> The most populous state in the nation has posted negative population growth once more, according to recently released estimates from the Census Bureau. Los Angeles, the state’s largest market, lost 62,454 people in 2025 on a net basis... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/marcos-pizza-open-new-locations-across-socal?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGhEK2G6ZCwY42FmN5RU3sYHZRrIZbj3Qym25BGLMes-TRRRm8kPirX4WHP839Zl8NCyLuAqF4Y7DdxNXVbL8HanuJX0hdhaaRoeHn3MooOVC8o" target="_blank"> Read Full Article... </a> </p> </div> Fri, 10 Apr 2026 14:14:46 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap821198d9 2026 thumbnail main image https://www.marcperlof.com/my-postefe982dd <div data-rss-type="text"> <div> <span> By Marc Perlof | MarcRetailGuy  </span> </div> <div> CA #01489206 </div> <div> <br/> </div> <div> April 6, 2026 </div> <div> <br/> </div> <div> If you own retail real estate, here’s what just changed for you. </div> <div> <br/> </div> <div> The U.S. is not running out of money. But debt is rising and keeping interest rates higher. That is already pushing down retail property values. Higher government debt is keeping borrowing costs high, and that lowers your property value. </div> <div> <br/> </div> <div> <b> What Changed </b> </div> <div> <b> What is happening? </b> </div> <div> A recent article from Yahoo Finance claims the U.S. is “insolvent” based on Treasury data.¹ The idea comes from comparing what the government owes to what it owns. </div> <div> <br/> </div> <div> <b> What is causing it? </b> </div> <div> The U.S. keeps spending more than it collects. Total debt keeps growing. At the same time, interest rates have gone up. That makes it more expensive for the government to borrow money. </div> <div> <br/> </div> <div> This does not mean the U.S. cannot pay its bills. It means the system is under pressure. That pressure affects interest rates across the economy. </div> <div> <br/> </div> <div> <b> Why It Matters (Value Impact) </b> </div> <div> How does this affect your property value? </div> <div> Retail property values are tied to income and cap rates. Cap rates follow the 10-year Treasury. When government debt keeps rates higher, cap rates stay higher. </div> <div> Higher cap rates mean lower property values. </div> <div> <br/> </div> <div> <b> How are buyers underwriting this today? </b> </div> <div> Buyers are using higher borrowing costs in their numbers. They are also assuming they will sell at higher cap rates later. That lowers what they can pay today. </div> <div> <br/> </div> <div> <b> What happens if rates stay high? </b> </div> <div> Your income becomes more exposed. Expenses like insurance and maintenance keep rising. If rent does not keep up, your net income drops. Lower income plus higher cap rates equals lower value. </div> <div> <br/> </div> <div> <b> Strategic Advice for Retail Property Owners </b> </div> <div> <b> What should you do right now? </b> </div> <div> Base decisions on today’s borrowing costs. Not past pricing. If you are selling, price to current cap rates. If you are holding, protect your income. </div> <div> <br/> </div> <div> <b> What should you review in your lease? </b> </div> <div> Look closely at what expenses you can pass through. Insurance, CAM, and repairs matter more now. If your lease does not fully protect your income, your value is already exposed. </div> <div> <br/> </div> <div> <b> What should you prepare for? </b> </div> <div> Plan for rates to stay higher longer. Build in margin for higher costs and slower leasing. Do not rely on rate cuts to fix your deal. </div> <div> <br/> </div> <div> <b> Real Deal Insight </b> </div> <div> Buyers are pricing retail deals today based on current debt costs and higher cap rate assumptions. </div> <div> <br/> </div> <div> A recent strip center owner in Southern California expected pricing based on a 5.25% cap rate from prior comps. Today, buyers are underwriting closer to 6.25% to 6.75% due to higher debt costs and exit assumptions. </div> <div> On a $1,000,000 NOI: </div> <div> <ul> <li> At 5.25% cap → value ≈ $19.0M  </li> <li> At 6.50% cap → value ≈ $15.4M  </li> </ul> </div> <div> That is a ~$3.6M difference, without any change in income. This is the gap sellers and buyers are working through right now. Deals are getting done, but only when pricing reflects today’s cap rates and financing reality. </div> <div> <br/> </div> <div> <b> Market POV </b> </div> <div> Pricing is a moving target right now. </div> <div> If you are thinking about selling or completing a 1031 exchange in 2026, looking at your property’s value sooner rather than later is optimal. </div> <div> <br/> </div> <div> Waiting for rates to drop may not bring values back to prior peaks. Buyers are already adjusting to a higher rate environment, and pricing is resetting in real time. </div> <div> <br/> </div> <div> <b> Owner Self-Assessment </b> </div> <div> If you had to sell today, would your current income support today’s higher cap rates? </div> <div> <br/> </div> <div> <b> Market Data and Sources </b> </div> <div> <ul> <li> U.S. federal debt is over $34 trillion and continues to grow.² </li> <li> Interest on that debt is now one of the largest government expenses.³ </li> <li> The 10-year Treasury has been around the 4% range, well above prior lows.4 </li> </ul> </div> <div> <br/> </div> <div> This shift is already showing up in pricing across Los Angeles retail deals today, and it is changing how buyers and sellers are negotiating in real time. If you own retail real estate in Los Angeles or Southern California, this is already showing up in pricing, negotiations, and deal structure across strip centers, shopping centers, and NNN assets. </div> <div> <br/> </div> <div> If you own retail real estate, I can show you what your property is worth today based on current cap rates, buyer demand, and real underwriting. </div> <div> <br/> </div> <div> Call or DM me for a current value analysis. </div> <div> <br/> </div> <div> What happens to your property value if cap rates increase 0.5% to 1.0%? </div> <div> <br/> </div> <div> <br/> </div> <div> Based in Los Angeles. Serving Southern California. Active across California. Advising clients nationwide. </div> <div> <br/> </div> <div> #RetailRealEstate #NNNProperties #CapRates #CommercialRealEstate #RetailInvesting #LosAngelesRealEstate #CREMarket #InvestmentProperty #StripCenters #ShoppingCenters #RealEstateStrategy </div> <div> <br/> </div> </div> <div data-rss-type="text"> <p> <strong> Sources </strong> </p> <p> <a href="https://finance.yahoo.com/economy/policy/articles/treasury-just-declared-u-insolvent-151425143.html?utm_source=chatgpt.com" target="_blank"> ¹ Yahoo Finance, “Treasury just declared the U.S. insolvent,” 2026 </a> <span> <br/> </span> </p> <p> <a href="https://fiscaldata.treasury.gov/datasets/debt-to-the-penny/debt-to-the-penny" target="_blank"> ² U.S. Department of the Treasury, Fiscal Data, 2025 </a> <span> <br/> </span> </p> <p> <a href="https://www.cbo.gov/publication/60039" target="_blank"> ³ Congressional Budget Office (CBO), Budget Outlook 2025–2035 </a> </p> <p> <a href="https://home.treasury.gov/resource-center/data-chart-center/interest-rates/daily-treasury-rates" target="_blank"> ⁴ U.S. Treasury, Daily Treasury Yield Curve Rates, 2025–2026 </a> <span> <br/> </span> <span> <br/> </span> <span> <br/> </span> </p> <p> <strong> Disclaimer </strong> </p> <p> <span> This post is for information only. It is not legal, tax, or financial advice. Always check with a licensed professional before making decisions. </span> </p> <p> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> © 2026 Marc Perlof Group. All rights reserved. </span> </p> <p> <span> <br/> </span> </p> </div> Mon, 06 Apr 2026 17:04:56 GMT https://www.marcperlof.com/my-postefe982dd thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap7b09fd59 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/003f5bc0-a331-11ec-b7ff-5a1bc65536a4.jpeg" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> 'Mild stagflation': Bank of America rips up economic forecasts, braces for $100 oil all year on Iran war disruptions </strong> <span> <br/> <br/> Bank of America analysts are projecting slower growth, higher inflation, and $100 per barrel oil all year as a result of the Iran war — even if it ends within weeks. </span> </p> <p> <span> "The war dividend so far: mild stagflation," BofA economist Claudio Irigoyen and his team wrote in a note on Wednesday, referring to the economic phenomenon of higher inflation coupled with slower growth... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://finance.yahoo.com/news/mild-stagflation-bank-of-america-rips-up-economic-forecasts-braces-for-100-oil-all-year-on-iran-war-disruptions-163951466.html?guccounter=1" target="_blank"> Read Full Article... </a> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE_Daily_Breif_Image_6055630049.webp" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> CRE Sentiment Gap Signals a Resilient Market </strong> <span> <br/> <br/> Sentiment vs. Reality: A Growing Gap </span> </p> <p> <br/> </p> <p> <span> According to Virtus Real Estate Capital, commercial real estate sentiment remains cautious despite improving fundamentals. However, the underlying data points to a strengthening recovery across the US CRE market. </span> </p> <p> <br/> </p> <p> <span> Real GDP grew 2.2% in 2025, while inflation cooled to 2.4%. At the same time, unemployment held near historic lows, reinforcing economic stability. Together, these factors continue to support demand and performance across commercial real estate... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/cre-sentiment-gap-signals-resilient-market/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=hines-the-smart-money-is-rotating-back-to-real-estate&amp;_bhlid=f5a5c18380306bbf138be002ee8a51c4c4a77851" target="_blank"> ReadFull Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/curritobowl.jpg" alt="An elevated outdoor view of a modern shopping mall promenade with manicured greenery, palm trees, and pedestrians."/> </a> </div> <div data-rss-type="text"> <p> <strong> Why Franchisee Yogesh Patel Believes Currito is the Next Big Growth Brand </strong> <span> <br/> <br/> Franchisee Yogesh Patel’s journey with Currito began when he decided to try the concept for lunch one day around two-and-a-half years ago. The chain was—and still is—a small, emerging health-focused chain, which aligns with Patel’s lifestyle.  </span> </p> <p> <br/> </p> <p> <span> <span>  </span> “I went and tried. When I walked in, I loved the atmosphere, the cleanliness, and then the fresh food, obviously,” Patel says. “When I tasted the food, I loved how it tasted and everything. Obviously me being vegetarian, I had a lot of options.” </span> </p> <p> <br/> </p> <p> <span> Patel’s next venture is opening five new Currito locations, on top of the three he already has in Illinois... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/why-franchisee-yogesh-patel-believes-currito-is-the-next-big-growth-brand/?spMailingID=193202&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=193202" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/An_Aldi_sign_on_a_store.webp" alt="The American flag waves against a bright blue sky between towering glass skyscrapers, viewed from a low angle."/> </a> </div> <div data-rss-type="text"> <p> <strong> Aldi makes debut in 40th state </strong> <span> <br/> <br/> </span> </p> <p> <span> Aldi has officially staked its claim in the state of Maine. </span> </p> <p> <br/> </p> <p> <span> The discount grocer opened its first store in Portland on Thursday, making Maine the 40th state with an Aldi store. The store is located at 1100 Brighton Ave. and will be open every day from 9 a.m. to 8 p.m. </span> </p> <p> <br/> </p> <p> <span> The opening is one of 180 Aldi expects to celebrate in 2026, which would move the Batavia, Ill.-based grocer to almost 2,800 locations. Aldi wants to have 3,200 stores by the end of 2028. The expansion also includes entering Colorado for the first time and continued growth in the Western and Southeastern markets and the construction of three new distribution centers... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://www.supermarketnews.com/new-stores/aldi-makes-debut-in-40th-state?utm_rid%3DCPG06000019360528%26_mc%3Dem_SN_News_SN%2520Daily%2520News%2520Updata_News_NL_04012026%26utm_campaign%3D69717%26utm_medium%3Demail%26elq2%3Dfc1f521ab02c4cc4a12934e12bdfa64d%26sp_eh%3D8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb&amp;source=gmail&amp;ust=1775312720500000&amp;usg=AOvVaw0-s_YqGCC8cmQOqjyRC1bf" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/770929499_bec3ab9013_k-1200x675.jpg" alt="A flat, single-story retail building with a &quot;Pharmacy&quot; sign and a large, empty asphalt parking lot in front."/> </a> </div> <div data-rss-type="text"> <p> <strong> Santa Monica Investing Millions to Bring Back Shoppers </strong> <span> <br/> <br/> </span> </p> <p> <span> An average home in Santa Monica today sells for about $1.7 million – and double that north of Montana Avenue. Yet, the city’s prime shopping destination along Third Street is suffering high vacancy rates, with long stretches of the famed Promenade sitting empty. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> Of course, a national shift to online shopping has caused changes in the retail landscape nationwide, and movie theaters are struggling as viewers watch movies at home. Then the robots came for food delivery, and apparently, that translates into substantial numbers of people never leaving the house... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://lamag.com/news/santa-monica-investing-millions-to-bring-back-shoppers/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CVS_Chicago_Rx_Only_Interior.webp" alt="The main entrance of the NuHAA building, featuring a modern glass and stone facade, at sunset."/> </div> <div data-rss-type="text"> <p> <strong> CVS plans 20 pharmacy-only stores in shift toward expansion </strong> <span> <br/> <br/> </span> </p> <p> <span> CVS Health Corp. said it plans to open “nearly 20” pharmacy-only locations in 2026 after the second such outlet opened this week in Chicago. </span> </p> <p> <span> The openings are among the 60-plus new stores that CVS has planned for this year, as the company said it has optimized its footprint following nearly 1,000 store closures during the last three years... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://www.supermarketnews.com/nonfood-pharmacy/cvs-plans-20-pharmacy-only-stores-in-shift-toward-expansion?utm_rid%3DCPG06000019360528%26_mc%3Dem_SN_News_SN%2520Daily%2520News%2520Updata_News_NL_04012026%26utm_campaign%3D69717%26utm_medium%3Demail%26elq2%3Dfc1f521ab02c4cc4a12934e12bdfa64d%26sp_eh%3D8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb&amp;source=gmail&amp;ust=1775312720500000&amp;usg=AOvVaw1c_GCVKeHHGGXuGY4zIMcw" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/b0d8713f-6c5f-6515-d78d-29d575711b65.png" alt="A modern two-story commercial office building with a stone-accented entrance at dusk, seen from a paved parking lot."/> </div> <div data-rss-type="text"> <p> <strong> Powell says Fed can 'wait and see' how war affects inflation </strong> </p> <p> <span> <br/> </span> </p> <p> <span> CAMBRIDGE, Massachusetts, March 30 (Reuters) - Federal Reserve Chair Jerome Powell on Monday said the U.S. central ​bank can wait to see how the  </span> <a href="https://www.reuters.com/world/asia-pacific/trump-calls-irans-current-leaders-very-reasonable-pakistan-prepares-host-talks-2026-03-30/" target="_blank"> Iran war </a> <span>  affects the economy and  </span> <a href="https://www.reuters.com/business/energy/feds-faith-anchored-inflation-expectations-may-be-coming-under-stress-2026-03-30/" target="_blank"> inflation </a> <span> , noting that policymakers typically look through shocks such as those from higher oil prices. </span> </p> <p> <span> "We ‌feel like our policy's in a good place for us to wait and see how that turns out," Powell said during a question-and-answer session held as part of a macroeconomics class at Harvard University... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.reuters.com/business/horns-an-inflation-growth-dilemma-fed-chair-powell-speak-harvard-2026-03-30/" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/bigdavescheesesteaks-1-1480x832-eb48867e.jpg" alt="A green Publix Food &amp; Pharmacy sign mounted on a white and beige building exterior against a blue sky."/> </a> </div> <div data-rss-type="text"> <p> <strong> Introducing the Fast Casual FutureMakers: Big Dave’s Cheesesteaks </strong> <span> <br/> <br/> Fast casual has always been a category defined by evolution. </span> </p> <p> <br/> </p> <p> <span> Built on the promise of quality, speed, and accessibility, it continues to adapt as operators face new pressures. </span> </p> <p> <br/> </p> <p> <span> The Fast Casual FutureMakers is a new annual report from QSR magazine designed to spotlight brands and founders building what comes next. In its inaugural year, the report recognizes leaders who are driving meaningful progress across the category... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/introducing-the-fast-casual-futuremakers-big-daves-cheesesteaks/?spMailingID=193042&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=193042" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/allbirds.jpg" alt="Two bundt cakes on small plates: one with chocolate drizzle, one with caramel drizzle, with cinnamon sticks nearby."/> </div> <div data-rss-type="text"> <p> <strong> Footwear brand Allbirds to be acquired by American Exchange Group </strong> <span> <br/> <br/> Allbirds is getting a new owner. </span> </p> <p> <br/> </p> <p> <span> The sustainable footwear brand, which launched online in 2014, is being acquired by American Exchange Group. According to the deal, American Exchange Group will acquire all of Allbirds’ intellectual property and other assets and liabilities for an estimated $39 million. </span> </p> <p> <br/> </p> <p> <span> The deal is expected to close in the second quarter of 2026, and a distribution to stockholders of net proceeds -- as well as a winding-down of the public business -- will be complete in the third quarter of 2026... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://chainstoreage.com/footwear-brand-allbirds-be-acquired-american-exchange-group?utm_source%3Dswiftmail%26utm_medium%3Demail%26utm_campaign%3DCSA_NL_DayBreaker%26mkt_tok%3DODI1LUxTUC01NDUAAAGg7KDaU47itq8cUjWyqx2sg2FCLCEQsH9Nvhau5p0yv-FD6A3SPj5cknObet7pBB125KrcVmPfq5fDbsTJo1lguJqZB9gvPSvv2o3IjmTZXQLM&amp;source=gmail&amp;ust=1775312720500000&amp;usg=AOvVaw3IUri5atobnterkqHbC81I" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-04-03+at+1.29.17-PM.png" alt="Interior of a casual restaurant featuring blue chairs, red accents, brick walls, and a &quot;Drink Shack&quot; sign."/> </div> <div data-rss-type="text"> <p> <strong> Los Angeles posts major population losses </strong> <span> <br/> <br/> </span> </p> <p> <span> The most populous state in the nation has posted negative population growth once more, according to recently released estimates from the Census Bureau. Los Angeles, the state’s largest market, lost 62,454 people in 2025 on a net basis... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1304573318/los-angeles-posts-major-population-losses?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=insights&amp;utm_content=p1" target="_blank"> Read Full Article... </a> </p> </div> Fri, 03 Apr 2026 17:45:16 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap7b09fd59 2026 thumbnail main image https://www.marcperlof.com/nnn-retail-isnt-passive-anymore-insurance-and-cam-are-cutting-value <div data-rss-type="text"> <div> <span> By Marc Perlof | MarcRetailGuy  </span> </div> <div> CA #01489206 </div> <div> <br/> </div> <div> March 30, 2026 </div> <div> <br/> </div> <div> If you own retail real estate, here’s what just changed for you. </div> <div> <br/> </div> <div> NNN retail is no longer passive income. Rising insurance and CAM costs are reducing NOI and directly impacting property value. </div> <div> <br/> </div> <div> For years, the model was simple. </div> <div> Tenant pays taxes. </div> <div> Tenant pays insurance. </div> <div> Tenant pays CAM. </div> <div> Owner collects rent. </div> <div> <br/> </div> <div> That model is now breaking in practice. </div> <div> <br/> </div> <div> <b> What Changed </b> </div> <div> <ul> <li> Insurance premiums have increased sharply across California, driven by carrier exits and wildfire risk.¹ </li> <li> At the same time, CAM expenses are rising across the board. Utilities, repairs, maintenance, and vendor costs are all moving up.² </li> <li> On paper, these are still tenant expenses. In reality, recovery is no longer clean or guaranteed. </li> </ul> </div> <div> <br/> </div> <div> <b> Why It Matters </b> </div> <div> When expenses rise and are not fully recovered, NOI drops. Lower NOI leads to lower value. Buyers are now underwriting this risk. They are not assuming full reimbursement. They are adjusting pricing based on uncertainty in expense recovery.³ </div> <div> <br/> </div> <div> This directly impacts: </div> <div> <ul> <li> Sale pricing  </li> <li> Refinance proceeds  </li> <li> Buyer demand  </li> </ul> </div> <div> <br/> </div> <div> <b> What Is Driving This Shift </b> </div> <div> Three core factors: </div> <blockquote> <div> 1. Insurance volatility </div> </blockquote> <blockquote> <div> Carriers are exiting California or tightening coverage. Premiums are rising, and terms are less predictable.¹ </div> </blockquote> <blockquote> <div> 2. Operating cost pressure </div> </blockquote> <blockquote> <div> Labor, materials, and utilities continue to increase. Maintenance is no longer stable year to year.² </div> </blockquote> <blockquote> <div> 3. Tenant resistance </div> </blockquote> <blockquote> <div> Tenants are pushing back on expense increases. Some delay payment.            </div> </blockquote> <blockquote> <div> Others dispute charges or request documentation. </div> </blockquote> <div> <br/> </div> <div> <b> How Buyers Are Thinking Today </b> </div> <div> Buyers are no longer treating NNN as clean pass-through income. </div> <div> They are: </div> <div> <ul> <li> Stress-testing CAM and insurance assumptions  </li> <li> Discounting recoverability of expenses  </li> <li> Building reserves for future increases  </li> <li> Underwriting more conservative NOI  </li> </ul> <span> Lenders are also paying closer attention to expense stability and coverage risk. This is changing how deals are priced.³ </span> </div> <div> <br/> </div> <div> If you own retail property, focus on your lease structure. </div> <div> Key areas to review: </div> <div> <ul> <li> Expense recovery language </li> <ul> <li> Make sure insurance, CAM, and all operating costs are clearly recoverable. </li> </ul> <li> Control provisions </li> <ul> <li> Limit tenant ability to dispute or delay payment. </li> </ul> <li> Caps and exclusions </li> <ul> <li> Understand where you are exposed. Many leases have limits that reduce recovery. </li> </ul> <li> Documentation </li> <ul> <li> Keep clean records. You may need to support charges during disputes or a sale. </li> </ul> </ul> </div> <div> <br/> </div> <div> Buyers today are discounting deals where CAM and insurance recovery is unclear. Some are retrading during escrow after reviewing expense history and tenant pushback. </div> <div> <br/> </div> <div> Example: </div> <div> A strip center in Los Angeles sees insurance increase by $40,000. </div> <div> If fully recovered, no impact. If only partially recovered, NOI drops. </div> <div> At a 6.5% cap rate, a $40,000 NOI loss reduces value by over $600,000. </div> <div> This is how buyers are underwriting today. </div> <div> <br/> </div> <div> If your lease does not fully protect your income, your value is already exposed. </div> <div> <br/> </div> <div> If you want, I will walk your lease, identify where you are exposed, and show you how it impacts your value today. </div> <div> <br/> </div> <div> What does your lease actually protect? </div> <div> <br/> </div> <div> #RetailRealEstate #NNNProperties #TripleNetLease #RetailInvesting #StripCenters #ShoppingCenters #CREInvesting #LosAngelesRealEstate #CaliforniaCRE #CommercialRealEstate #MarcRetailGuy </div> <div> <br/> </div> </div> <div data-rss-type="text"> <p> <strong> Sources </strong> </p> <p> <a href="google.com/url?q=https://www.marcusmillichap.com/research/market-forecast&amp;sa=D&amp;source=docs&amp;ust=1773678119525692&amp;usg=AOvVaw39dP8Q-N9dh7Sgxv0ieX_y" target="_blank"> ¹ California Department of Insurance — Market Updates (2024–2025) </a> </p> <p> <a href="https://www.insurance.ca.gov/" target="_blank"> https://www.insurance.ca.gov </a> <span> <br/> </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://www.google.com/url?q=https://www.reuters.com/world/us/us-nonfarm-payrolls-decline-february-unemployment-rate-rises-44-2026-03-06/&amp;sa=D&amp;source=docs&amp;ust=1773678153149084&amp;usg=AOvVaw3kfVPDzqpehQt_T2Y9Zo6w" target="_blank"> ² CBRE — U.S. Cap Rate Survey, H2 2025 </a> </p> <p> <a href="https://www.cbre.com/insights#insights" target="_blank"> https://www.cbre.com/insights/books/us-cap-rate-survey-h2-2025 </a> </p> <p> <span> <br/> </span> </p> <p> <a href="https://www.google.com/url?q=https://www.marcusmillichap.com/research&amp;sa=D&amp;source=docs&amp;ust=1773678118606087&amp;usg=AOvVaw1Accj0ibFRnsxFeSN90UG9" target="_blank"> ³ JLL — U.S. Retail Outlook, 2025 </a> </p> <p> <a href="https://www.jll.com/en-us/" target="_blank"> https://www.us.jll.com/en/trends-and-insights/research/us-retail-outlook </a> </p> <p> <span> <br/> </span> </p> <p> <span> <br/> Based in Los Angeles. Serving Southern California. Active across California. Advising clients nationwide. </span> </p> <p> <span> <br/> </span> </p> <p> <strong> Disclaimer </strong> </p> <p> <span> This post is for information only. It is not legal, tax, or financial advice. Always check with a licensed professional before making decisions. </span> </p> <p> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> © 2026 Marc Perlof Group. All rights reserved. </span> </p> <p> <span> <br/> </span> </p> </div> Mon, 30 Mar 2026 15:52:22 GMT https://www.marcperlof.com/nnn-retail-isnt-passive-anymore-insurance-and-cam-are-cutting-value thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap63f56d12 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/108280808-1774006630510-gettyimages-2267458087-_dsc9743.jpeg" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> Global forecasting group sees U.S. inflation at 4.2% this year, much higher than Fed estimate </strong> <span> <br/> <br/> The Iran war and its impact on the global energy market will keep headline U.S. inflation this year well above the Federal Reserve’s projections, possibly necessitating policy action, according to a key global policy group. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> In its  </span> <a href="https://www.oecd.org/content/dam/oecd/en/publications/reports/2026/03/oecd-economic-outlook-interim-report-march-2026_254a8d56/d4623013-en.pdf" target="_blank"> periodic update </a> <span>  of economic conditions, the Organization for Economic Cooperation and Development forecast all-items inflation in the U.S. to be at 4.2% for 2026... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.cnbc.com/2026/03/26/global-forecasting-group-sees-us-inflation-at-4point2percent-this-year-much-higher-than-fed-estimate.html" target="_blank"> Read Full Article... </a> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/000175-tn-johnsoncity_standphoto_2_hero_image.jpg" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Datassential report reveals top 25 emerging restaurant chains </strong> <span> <br/> <br/> When it comes to the next generation of restaurant growth, focused concepts are scaling faster and global cuisines is continuing to gain momentum. </span> </p> <p> <span> That’s according to </span> <strong>   </strong> <span> Datassential’s Top 25 Emerging Chains report, which highlights the restaurant concepts that are rapidly growing across the United States. The ranking is part of the food and beverage company's flagship Datassential 500 report, which tracks performance and innovation across the most influential restaurant brands nationwide. (Top 10 emerging chains listed at end of article...) <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/datassential-report-reveals-top-25-emerging-restaurant-chains?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGguR9LSVrtzEtBSstcm-9M7YV4Ixq-1_SRFnVA9BTFJ8U37Y6xwNCaNljQeODxWYkGRhnx4m7gbtse8CDokNxJR1hv0YY9j_lKeinS8MxuBzwj" target="_blank"> ReadFull Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE_Daily_Breif_Image_3675726527.webp" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Retail Productivity Rises as Luxury Malls Outpace Sector </strong> <span> <br/> <br/> Luxury Malls See Strong Sales Growth </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> Retail productivity at leading US malls is surging, especially at luxury-focused centers, reports Globe St. Simon Property Group’s assets, such as Roosevelt Field near New York City, report occupancy rates above 96% and sales reaching up to $1,250 PSF. Brookfield’s GGP division also saw sales per square foot at premier properties rise 60% since 2019. These gains are largely attributed to affluent consumers, who now account for nearly half of all retail spending... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/retail-productivity-rises-as-luxury-malls-outpace-sector/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=4-3b-bet-on-beverly-hills-megaproject-moves-forward&amp;_bhlid=acda2ef31cd3551bd4482a286d5fdabfcddb87ad" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-03-27+at+1.02.36-PM.png" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Is a US recession coming? Odds jump as hidden cracks hit the economy </strong> </p> <p> <span> <br/> </span> </p> <p> <strong> US recession 2026 prediction explained </strong> <span> : Worries about a possible US recession are growing, as new data and forecasts suggest the economy may be under more pressure than it appears. While Federal Reserve Chair Jerome Powell recently pushed back on concerns about stagflation, economists say risks are rising due to global tensions and signs of weakness in key areas, as per a report... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://economictimes.indiatimes.com/news/international/us/is-a-us-recession-coming-odds-jump-as-hidden-cracks-hit-the-economy/articleshow/129808280.cms?from=mdr" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE_Daily_Breif_Image_3006251650.webp" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Pharmacy Closures Reshape Retail Real Estate </strong> </p> <p> <br/> </p> <p> <span> Pharmacy closures are surging across the US, led by Walgreens, CVS, and Rite Aid. The sector’s contraction has resulted in over 2,000 sites shuttered since 2022, with more to follow. Economic pressures and shifting consumer behavior are pushing chains to trim their footprints, leaving prime corners and intersections vacant in neighborhoods nationwide, reports Urban Land... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/pharmacy-closures-reshape-retail-real-estate/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=realty-income-taps-apollo-for-1b-retail-jv&amp;_bhlid=10c96f08966ae190899178da0a0e5b22fb9bdad7" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE_Daily_Breif_Image_9254027490.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Luxury Retailer Reversal Keeps Stores Open </strong> <span> <br/> </span> </p> <p> <br/> </p> <p> <span> Reversal on Planned Closures </span> </p> <p> <br/> </p> <p> <span> According to CoStar, Saks Global will keep three luxury stores it had planned to close after talks with landlord Simon Property. The affected locations include Saks Fifth Avenue stores in Palm Desert, California, and Sarasota, Florida. The decision also keeps the Neiman Marcus store in White Plains, New York, open. </span> </p> <p> <br/> </p> <p> <span> Earlier, Saks Global planned to close these stores in May as part of a broader effort. The company aimed to exit roughly two dozen Saks Fifth Avenue and Neiman Marcus locations... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/luxury-retailer-reversal-keeps-stores-open/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=looser-capital-rules-could-unlock-bank-lending-for-cre&amp;_bhlid=055deabd4b88ccba969eedcc64dcfe9dec915b19" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE_Daily_Breif_Image_2337619862.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Net Lease Escalations Reshape Market </strong> <span> <br/> <br/> Escalation Clauses Replace Flat Rents </span> </p> <p> <br/> </p> <p> <span> Net lease deals, once known for predictability and flat rents, are shifting toward more flexible agreements, reports Globe St. Recent leases now include regular escalation clauses, reflecting broader market volatility and efforts to hedge against inflation. Instead of “set and forget” income, net lease owners are underwriting deals more cautiously and adjusting for evolving risk profiles... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/net-lease-escalations-reshape-market/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=fannie-freddie-ramp-up-mbs-buying-as-markets-turn-volatile&amp;_bhlid=bfe19d7bf0c1143f15486aa0d4d6336d73d94dcc" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/The_exterior_of_a_Publix.webp" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Publix has massive store planned for Miami </strong> <span> <br/> <br/> Publix is set to build another multi-story grocery store in Miami,  </span> <a href="https://www.miaminewtimes.com/food-drink/massive-two-story-publix-to-open-in-north-miami-40534406/" target="_blank"> according to the Miami New Times </a> <span> . </span> </p> <p> <span> The 55,000-square-foot store will be located at 11380 Biscayne Blvd. and will include two levels of parking and a liquor store. The parking garage will feature 232 spaces. The Lakeland, Fla.-based grocer has filed a pre-application with Miami-Dade County for a site plan review,  </span> <span> South Florida Business Journal </span> <span>  reports. Allequez Architecture is designing the project... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/new-stores/publix-has-massive-store-planned-for-miami?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_03252026&amp;utm_campaign=69611&amp;utm_medium=email&amp;elq2=b8ce35c10d884a1bb0fd489cf61f3eb5&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/nothingbundtcakeschurroduledeleche.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Report: Nothing Bundt Cakes to be Acquired for $2 Billion </strong> <span> <br/> <br/> Global private equity firm KKR has agreed to buy Nothing Bundt Cakes for over $2 billion, according to  </span> <a href="https://www.wsj.com/business/deals/kkr-strikes-deal-for-nothing-bundt-cakes-e02bcdb9?gaa_at=eafs&amp;gaa_n=AWEtsqcX_sfmYwwWcrWQikOFHMZhau0urB9HEIpE4fi64juvs3yf1SxqXYkb16J9NXw%3D&amp;gaa_ts=69c511b6&amp;gaa_sig=5qkDlLYxc6-yUc9CarYTP3svOvvWq0TeraDj1FTuUsp8ZgNB7fJLVKdeXmGba5aCcoJ5OKZ07APc8o-Xy5iqIg%3D%3D"> the Wall Street Journal </a> <span>  and  </span> <a href="https://www.reuters.com/business/retail-consumer/kkr-acquire-nothing-bundt-cakes-over-2-billion-wsj-reports-2026-03-25/"> Reuters </a> <span> . </span> </p> <p> <br/> </p> <p> <span> Reuters reported in late October that parent company Roark Capital—also the owner of Inspire Brands, GoTo Foods, Subway, and Dave’s Hot Chicken—was exploring a sale of the dessert brand. Roark purchased Nothing Bundt Cakes in 2021 from Levine Leichtman Capital Partners. </span> </p> <p> <span> The publication previously stated the brand expects to generate $120 million in EBITDA this year... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/report-nothing-bundt-cakes-to-be-acquired-for-2-billion/?spMailingID=192507&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=192507" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/slimchickensdiningroom.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Slim Chickens Emphasizes Discipline to Power Next Phase of Growth </strong> <span> <br/> <br/> </span> </p> <p> <span> Mattress seller Sleep Number has sounded the alarm that it may be forced to file for bankruptcy, possibly joining the growing number of retailers that have sought Chapter 11 protection this year. </span> </p> <p> <span> The Minneapolis-based company, with a fleet of 600 stores, issued the warning in a recent securities filing after reporting fourth-quarter earnings. The retailer said in its 10-K that if it can't secure sufficient financing, it "could be forced to terminate, significantly curtail or cease our operations, pursue strategic alternatives or commence a case under the U.S. Bankruptcy Code..." </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/slim-chickens-emphasizes-discipline-to-power-next-phase-of-growth/?spMailingID=192071&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=192071" target="_blank"> Read Full Article... </a> </p> </div> Fri, 27 Mar 2026 17:21:17 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap63f56d12 2026 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap586637bf <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/unnamed___16133302992.webp" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> Santa Monica Airport Conversion Project Unveiled By City </strong> <span> <br/> <br/> SANTA MONICA, CA — Following a nearly two-year public engagement process, the city has released a  </span> <a href="https://santamonica.us12.list-manage.com/track/click?u=a5d6f52c79917c7b57cc5cef0&amp;id=171618688b&amp;e=c593de98d7" target="_blank"> draft Framework Diagram </a> <span>  for the Santa Monica Airport Conversion Project. </span> </p> <p> <br/> </p> <p> <span> "The Framework Diagram brings many ideas together to find common ground about what should go where and what types of uses belong in different areas of the site," the City of Santa Monica explained in a March 11 news release.... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://patch.com/california/santamonica/santa-monica-airport-conversion-project-unveiled-city" target="_blank"> Read Full Article... </a> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_1770987758.jpg" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Bob's Discount Furniture targets 500-plus stores by 2035 </strong> <span> <br/> <br/> Bob’s Discount Furniture Inc. reported a strong fourth quarter as it continued to maintain momentum in a struggling retail sector.  </span> </p> <p> <span> In its first earnings call since going public via an IPO in February, the furniture retailer reiterated its ambitious growth plans. President and CEO Bill Barton told analysts that the company has strong pipeline visibility, with plans to open approximately 20 new stores in 2026... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/bobs-discount-furniture-targets-500-plus-stores-2035?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGgpIaAXBl8JbBFEn1zsGFAEKt6CcPMmTflpbkguIUcbvTXTnDftFqiQImH6wF1lgIwPAc_27gt72wj-OZLiCfNUrw1OfdkJ3nF0qcQ_Nqjd-lM" target="_blank"> ReadFull Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_2403540137.jpg" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Family Dollar to pilot new store format; gives 2026 outlook </strong> <span> <br/> <br/> Family Dollar is thinking smaller. </span> </p> <p> <span> The extreme discounter said it is advancing new store growth initiatives, including the development of an extra small box store format </span> <strong>   </strong> <span> designed to expand its presence in dense urban markets.  </span> <a href="https://chainstoreage.com/company/family-dollar" target="_blank"> Family Dollar </a> <span>  expects to pilot the new format in 2026, with the goal of supporting unit growth beginning in 2027 and beyond... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/family-dollar-pilot-new-store-format-gives-2026-outlook?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGgn1-Zq8HOU--5dCaa26vnbQ3kWU_sIl8tcffwlSTKGLgXK_Gu8JauUdW2qOV6pJq8qp_8sjvNrQIN2DOk0f5IVaHj6PI8Ojp1SYGraWC6FIZA" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/3efe2c19-eb85-40ea-8ed5-8dc49234474b-BIZ-WRK-CORONAVIRUS-SICK-LA.webp" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Michigan will get its first new Jack in the Box this spring </strong> <span> <br/> <br/> The Battle Creek Jack in the Box is the first of several stores planned for Michigan. In November 2024, the company announced it would open five Metro Detroit locations, following a previously announced five-store plan for the west side of the state... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.detroitnews.com/story/entertainment/dining/2026/03/16/michigan-will-get-its-first-new-jack-in-the-box-this-spring/89184788007/" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/cumberland_farms_0.jpeg" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Cumberland Farms to acquire 54-store Coen Markets </strong> <span> <br/> <br/> Cumberland Farms is expanding its store footprint by acquiring a rival. </span> </p> <p> <span> The convenience-store chain has agreed to acquire Pennsylvania-based Coen Markets, which operates 54 stores spanning Western Pennsylvania, Eastern Ohio, and Northern West Virginia. The deal also includes three sites currently under development... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/cumberland-farms-acquire-54-store-coen-markets?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGglRK0LTkDzqnR9CVv4Nvw3n6FE-Ppo52bSMmLjWfruTGZvLCv_T4H5D8xxTISfQijw1A7zD2BjedNtHVa3Gnh298Zii9UUC4YQ8lHsimzJ5BE" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/foot_locker.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Dick’s pulls back on Foot Locker closures amid store pilot success </strong> <span> <br/> <br/> </span> </p> <ul> <li> <span> Dick’s is planning to close fewer Foot Locker stores than it initially anticipated as it sees success with a “Fast Break” store pilot at 11 locations, Executive Chairman Ed Stack said on a call with analysts Thursday. </span> </li> <li> <span> The company has already expanded the concept to 10 additional stores in Los Angeles and plans to “rapidly scale” the format across its fleet this year. By back-to-school, Foot Locker plans to have renovated 250 of its locations... <br/> </span> </li> </ul> </div> <div data-rss-type="text"> <p> <a href="https://www.retaildive.com/news/dicks-pulls-back-foot-locker-store-closures-pilot-success/814655/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=blackstone-drives-january-cre-sales-as-it-repositions-its-portfolio&amp;_bhlid=8c20d9f5f5f5c83bf9f20ed41586982a492cf519" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/A_Dollar_Tree_sign_in_front_of_a_Dollar_Tree_store.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Multi-price strategy drives Dollar Tree sales gains </strong> <span> <br/> <br/> Dollar Tree posted strong gains in the fourth quarter, driven by a 5% increase in same-store sales compared with a year ago as the company realized benefits from its multi-price strategy. </span> </p> <p> <span> The Q4 same-store sales included a 6.3% increase in the average ticket, partially offset by a 1.2% decline in traffic. Comp-store sales were up 3.6% for consumables and 6.2% for discretionary items... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/finance/multi-price-strategy-drives-dollar-tree-sales-gains?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_03172026&amp;utm_campaign=69504&amp;utm_medium=email&amp;elq2=7c2f81e2b65048eea35cf0241fc28b53&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE_Daily_Breif_Image_9266903381.webp" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Service Tenants Dominate Retail Leasing Market </strong> </p> <p> <span> <br/> The WSJ reports that service tenants are now the main driver of US retail leasing activity, marking a  </span> <a href="https://www.wsj.com/real-estate/commercial/service-economy-real-estate-ecf9a414?mod=e2li" target="_blank"> significant shift </a> <span>  from the historical dominance of goods-based retailers. In 2025, just over half of total retail square footage leased went to service-oriented businesses, according to CoStar data. Fifteen years ago, this figure was just 40%... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/service-tenants-dominate-retail-leasing-market/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=private-credit-cracks-could-redirect-capital-back-to-cre&amp;_bhlid=97e562ead21080f5df38cd8ee81edd95e01a96c4" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/shutterstock_2392624795.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Costco to open first standalone gas station this June in California </strong> <span> <br/> <br/> Costco is set to open its first standalone  </span> <a href="https://www.cspdailynews.com/fuels/us-gasoline-prices-surge-578-cents-amid-middle-east-oil-crisis-more-hikes-expected" target="_blank"> gas station </a> <span>  by the end of June in California, and it already has plans for a second one in Hawaii.  </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The city of Mission Viejo, California,  </span> <a href="https://www.cspdailynews.com/fuels/costco-build-first-standalone-gas-station-mission-viejo-california" target="_blank"> confirmed in June 2025 </a> <span>  that Costco would build its first fuel-only location in the city at 25732 El Paseo. City spokesman Robert Schick told  </span> <span> CSP </span> <span>  Monday that Costco plans to open that location to the public by the end of June 2026. This will be Costco’s largest fuel facility, with 40 gas pumps, Schick said. </span> </p> <p> <span> There’s also a standalone Costco gas station scheduled to open in Hawaii in 2027. The gas station will be in Kalihi, a neighborhood of Honolulu, at Dillingham Boulevard and Colburn Street... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/company-news/costco-to-open-first-standalone-gas-station-this-june-in-california?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_03182026&amp;utm_campaign=69517&amp;utm_medium=email&amp;elq2=c4c0319092c64c04ad7bf7bfb545857d&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-03-20+at+9.01.05-AM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Mattress retailer Sleep Number warns it could file for bankruptcy protection </strong> </p> <p> <br/> </p> <p> <span> Mattress seller Sleep Number has sounded the alarm that it may be forced to file for bankruptcy, possibly joining the growing number of retailers that have sought Chapter 11 protection this year. </span> </p> <p> <span> The Minneapolis-based company, with a fleet of 600 stores, issued the warning in a recent securities filing after reporting fourth-quarter earnings. The retailer said in its 10-K that if it can't secure sufficient financing, it "could be forced to terminate, significantly curtail or cease our operations, pursue strategic alternatives or commence a case under the U.S. Bankruptcy Code..." </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1744074634/mattress-retailer-sleep-number-warns-it-could-file-for-bankruptcy-protection?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p2&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc3MzkzNjUwNH0.eJ5dDbCns_j-O0V9KcG0fxOV_VyU0uRDUliI6EIyV_s"> Read Full Article... </a> </p> </div> Fri, 20 Mar 2026 13:01:03 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap586637bf 2026 thumbnail main image https://www.marcperlof.com/how-rising-oil-prices-and-job-losses-could-affect-retail-property-values-in-2026 <div data-rss-type="text"> <div> <span> By Marc Perlof | MarcRetailGuy  </span> </div> <div> CA #01489206 </div> <div> <br/> </div> <div> March 16, 2026 </div> <div> <br/> </div> <div> If you own retail real estate, here’s what just changed for you. </div> <div> <br/> </div> <div> Retail property owners are asking a simple question today. Is the market about to change? </div> <div> <br/> </div> <div> Several economic signals moved quickly over the past two weeks. Oil prices surged as conflict disrupted major energy supply routes. The U.S. job market also weakened unexpectedly during the same period. Financial markets have become more volatile as investors reassess economic risks. </div> <div> <br/> </div> <div> When oil prices rise and hiring slows, real estate investors begin adjusting risk assumptions. These adjustments often appear first in lender loan standards and buyer pricing. For retail property owners, these shifts can influence demand and property values. </div> <div> <br/> </div> <div> Owners of strip centers, shopping centers, store front retail, and NNN retail properties (multi-tenant and single tenant) should watch closely. Understanding these signals early can help protect property value and guide decisions. </div> <div> <br/> </div> <div> <b> Market Analysis and Trends </b> </div> <div> Energy markets reacted first. Brent crude oil recently surged above $100 per barrel. The increase followed conflict disrupting shipping routes and global oil supply.¹ Much of the concern involves the Strait of Hormuz shipping corridor. Roughly 20 percent of global oil supply normally passes through this route. Even small disruptions there can quickly affect shipping costs and supply chains.¹ </div> <div> <br/> </div> <div> Consumers often feel the impact through gasoline prices. Since late February, U.S. gasoline prices increased more than 15 percent. Prices reached roughly $3.47 per gallon in early March.¹ </div> <div> <br/> </div> <div> In Southern California, fuel prices are usually among the highest nationally. Drivers in the region are already paying significantly more at the pump. Higher fuel costs can quickly strain household budgets. This often reduces spending at restaurants and other nonessential retail businesses. </div> <div> <br/> </div> <div> The labor market also signaled caution. The U.S. economy lost about 92,000 jobs in February 2026. Unemployment rose to approximately 4.4 percent during the same period.² </div> <div> <br/> </div> <div> Slower hiring typically leads to reduced consumer spending several months later. </div> <div> When advising retail property owners, I track three important property risks. These include tenant margin pressure, lender loan standard changes, and buyer cap rate expectations. </div> <div> <br/> </div> <div> Key signals retail property owners should monitor include: </div> <div> <ul> <li> Brent crude oil moving above $100 per barrel during Middle East supply disruptions.¹  </li> <li> U.S. gasoline prices rising more than 15% since late February.¹ </li> <li> The U.S. economy losing roughly 92,000 jobs in February while unemployment increased.² </li> </ul> </div> <div> <br/> </div> <div> <b> Essential Retail vs Nonessential Retail </b> </div> <div> Retail categories respond differently during periods of economic stress. Essential retail includes grocery anchored centers, pharmacies, and daily service tenants. These businesses usually remain stable during economic disruptions. Consumers still need basic goods even when household budgets tighten.³ </div> <div> <br/> </div> <div> Nonessential retail categories are more sensitive to economic pressure. Restaurants, entertainment venues, and similar tenants often experience softer sales first. This usually happens when consumers reduce spending. </div> <div> <br/> </div> <div> For property owners, tenant mix becomes especially important during economic uncertainty. Centers anchored by essential tenants often remain more stable. Properties dominated by nonessential retail may experience greater sales volatility. </div> <div> <br/> </div> <div> <b> Strategic Advice for Retail Property Owners </b> </div> <div> Economic uncertainty is a good time to review several property fundamentals. </div> <div> <br/> </div> <blockquote> <div> <b> 1. Review tenant stability </b> </div> </blockquote> <blockquote> <div> Evaluate tenant sales performance, credit strength, and upcoming lease expirations. </div> </blockquote> <blockquote> <div> <b> 2. Monitor capital markets </b> </div> </blockquote> <blockquote> <div> Lenders and investors may begin tightening loan standards as risks increase. </div> </blockquote> <blockquote> <div> <b> 3. Evaluate sale timing carefully </b> </div> </blockquote> <blockquote> <div> Markets sometimes offer short windows before buyer pricing adjusts to new conditions. </div> </blockquote> <div> <br/> </div> <div> Even a 1/4% to 1/2% increase in cap rates can affect property values. For example, a $6 million retail property valued at a 6% cap rate generates about $360,000 in annual income. If buyer expectations move to a 6.5% cap rate, value could fall near $5.5 million. </div> <div> <br/> </div> <div> If you own retail property and are wondering how these economic signals could affect buyer pricing or cap rates for your asset, this is exactly the type of analysis I help owners evaluate before making a sale or hold decision. </div> <div> <br/> </div> <div> If investor cap rates in your market moved just 1/2% higher, how much would the value of your retail property change? </div> <div> <br/> </div> <div> <b> Investor Behavior During Uncertain Markets </b> </div> <div> Market volatility often changes how investors evaluate retail properties. Research shows that investors prefer assets with stable income during uncertain periods. Properties with strong tenants and longer lease terms usually attract the most buyer interest.³ </div> <div> <br/> </div> <div> Assets with predictable cash flow often perform better during market uncertainty. Properties with weaker tenants or short lease terms may face greater scrutiny. </div> <div> For retail property owners, tenant quality and lease structure matter even more in volatile markets. </div> <div> <br/> </div> <div> <b> What This Means for Retail Property Owners </b> </div> <div> Retail property values depend on more than location. Energy prices, employment trends, and capital markets also influence buyer demand. </div> <div> <br/> </div> <div> If oil prices stay elevated and hiring slows, investors may become more selective. Properties with weaker tenants or short lease terms may see pricing pressure first. </div> <div> Well located shopping centers with strong tenants and long leases usually remain more resilient. Owners who monitor these signals early often have more strategic options. </div> <div> <br/> </div> <div> If economic uncertainty continues over the next twelve months, how strong are the tenants in your retail property? </div> <div> <br/> </div> <div> #RetailRealEstate #CommercialRealEstate #NNNProperties #ShoppingCenters #RetailPropertyOwners #CREInvesting #RealEstateInvestors #CREMarketInsights #RealEstateTrends #CaliforniaRealEstate #LosAngelesRealEstate #CapRates </div> <div> <br/> </div> </div> <div data-rss-type="text"> <p> <strong> Sources </strong> </p> <p> <a href="google.com/url?q=https://www.marcusmillichap.com/research/market-forecast&amp;sa=D&amp;source=docs&amp;ust=1773678119525692&amp;usg=AOvVaw39dP8Q-N9dh7Sgxv0ieX_y" target="_blank"> ¹ Marcus &amp; Millichap Research. Special Report: March 2026 Iran Conflict – Economic Implications. March 9, 2026. Oil prices exceeded $100 per barrel and gasoline prices increased roughly 15 percent following the conflict escalation. </a> </p> <p> <br/> </p> <p> <a href="https://www.google.com/url?q=https://www.reuters.com/world/us/us-nonfarm-payrolls-decline-february-unemployment-rate-rises-44-2026-03-06/&amp;sa=D&amp;source=docs&amp;ust=1773678153149084&amp;usg=AOvVaw3kfVPDzqpehQt_T2Y9Zo6w" target="_blank"> ² Reuters. U.S. Nonfarm Payrolls Decline; Unemployment Rises to 4.4%. March 6, 2026. </a> </p> <p> <br/> </p> <p> <a href="https://www.google.com/url?q=https://www.marcusmillichap.com/research&amp;sa=D&amp;source=docs&amp;ust=1773678118606087&amp;usg=AOvVaw1Accj0ibFRnsxFeSN90UG9" target="_blank"> ³ Marcus &amp; Millichap Research. Commercial Real Estate Implications and Property Type Outlook. March 2026. </a> </p> <p> <span> <br/> </span> </p> <p> <span> <br/> Based in Los Angeles. Serving Southern California. Active across California. Advising clients nationwide. </span> </p> <p> <span> <br/> </span> </p> <p> <strong> Disclaimer </strong> </p> <p> <span> This post is for information only. It is not legal, tax, or financial advice. Always check with a licensed professional before making decisions. </span> </p> <p> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> © 2026 Marc Perlof Group. All rights reserved. </span> </p> <p> <span> <br/> </span> </p> </div> Mon, 16 Mar 2026 15:24:50 GMT https://www.marcperlof.com/how-rising-oil-prices-and-job-losses-could-affect-retail-property-values-in-2026 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapc1c5a372 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-03-13+at+3.05.44-PM.png" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> US consumer inflation steady before Iran conflict drives up oil prices </strong> </p> <p> <span> <br/> WASHINGTON, March 11 (Reuters) - U.S. consumer prices rose moderately in February as rents maintained a steady pace of increases, though households paid more for gasoline and at the supermarket and higher costs are in store because of the escalating war in the  </span> <a href="https://www.reuters.com/world/middle-east/" target="_blank"> Middle East </a> <span> . </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The Consumer Price Index report from the Labor Department on Wednesday, which also showed underlying inflation muted ​last month, covered the period before the U.S. and Israel launched strikes against Iran. The attacks at the end of February were met with retaliation by Tehran and have boosted oil prices... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.reuters.com/business/us-consumer-prices-increase-expected-february-2026-03-11/" target="_blank"> Read Full Article... </a> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/popupbagels.jpg" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> PopUp Bagels’ ‘Conservatively Aggressive’ Growth Strategy Gains Traction Across U.S. </strong> </p> <p> <span> <br/> Tory Bartlett began as PopUp Bagels CEO in October 2024, and it wasn’t too long afterward that the chain began putting together an FDD and a franchising website. </span> </p> <p> <br/> </p> <p> <span> That’s because the engine was already there. The concept began in 2020 as a fun pandemic activity for founder Adam Goldberg, but virality across social media—in large part due to the bagels’ smaller, crispier texture and unique schmears—catapulted the brand into the spotlight... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/popup-bagels-conservatively-aggressive-growth-strategy-gains-traction-across-u-s/?spMailingID=190758&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=190758" target="_blank"> ReadFull Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-03-13+at+3.10.20-PM.png" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Grocery Outlet’s closing of three dozen US stores marks rare retreat among discounters </strong> <span> <br/> <br/> In a rare pullback by a U.S. discounter, Grocery Outlet is closing three dozen underperforming stores this year, most on the East Coast, even as other lower-cost supermarket chains such as Aldi and Lidl are rapidly expanding their retail property nationally. </span> </p> <p> <br/> </p> <p> <span> Grocery Outlet, an Emeryville, California-based specialty retailer, unveiled its plan as it posted a fiscal fourth-quarter net loss of $218.2 million, compared with $2.3 million in net income in the prior-year period. Comparable store sales slipped about 1%... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/617696837/grocery-outlets-closing-of-three-dozen-us-stores-marks-rare-retreat-among-discounters?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=q1-2026-burns-cre-daily-fear-and-greed-index&amp;_bhlid=b017e73835822e2a4b9253ea33f5d1bcef1f6fd9" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/spending.jpg" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> NRF: Retail sales grow in February for fifth consecutive month </strong> <span> <br/> <br/> Retail sales grew again in February on both a month over month and year over year basis. </span> </p> <p> <span> Core retail sales (excluding restaurants, auto dealers and gas stations) inched up 0.28% month over month in February and were up 6.24% year over year, according to the CNBC/NRF Retail Monitor released Wednesday, March 10, by the  </span> <a href="https://chainstoreage.com/company/national-retail-federation-nrf" target="_blank"> National Retail Federation </a> <span> ... </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/nrf-retail-sales-grow-february-fifth-consecutive-month?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGge1QOxFBaZ7WuwkPH52a40cP8VenON7x1Py8CrOHrbnyhQ4AIDEBVMiq1wTjgdKAyiJFMvNlzdCfgqhxAcs32xYtEX0_LN5iiG0N9wKmbmqml" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_1555449377_1.jpg" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Saks Global reveals more Saks, Neiman store closings — here are the locations </strong> </p> <p> <span> <br/> Saks Global continues its planned "optimization" across its store portfolio.  </span> </p> <p> <span> The luxury retail company, which filed for bankruptcy protection in January, announced a new round of store closings that include 12 Saks Fifth Avenue locations and 3 Neiman Marcus stores (all locations listed at end of article). The stores are expected to remain open through May... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/saks-global-reveals-more-saks-neiman-store-closings-here-are-locations?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGgdiyCbcXgzvhfPd6ngpIjpME_3gjuDB4RrCaEd-0AD3Yd35YAzdIkwuI5jfbFiepBfFatzDH_KbBczHI1nsyT6lKK1aC52lKk3iOtbnZT24A_" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/costco-fc6fcf36.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Costco tops estimates; eyes 28 new openings, with 30-plus in ‘coming years’ </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Costco Wholesale Corp. maintained momentum during its holiday quarter with better-than-expected earnings and sales fueled by strong consumer demand in-store and online. </span> </p> <p> <span> On the company’s earnings call, executives said Costco expects to have 28 net new openings in its current fiscal year, and is targeting 30-plus new opening annually in the “coming years...”  <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/costco-tops-estimates-eyes-28-new-openings-30-plus-coming-years?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGgdiyCbURNGXGIqVBZXNhh0ImGewiov_xJvHxWWYl3QBf3EgFRp7P0ZvwsRVofnRHe-85fgdytkj5-90s0LOoEY8J-rOns1riN5uONXIOZnaUb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/ross-0fc38e47.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Ross Stores opens 17 locations in February, March — here's where </strong> <span> <br/> <br/> Ross Stores Inc. is heading into spring with an expanded store footprint. </span> </p> <p> <span> The off-price apparel giant is opening 17 new stores in February and March, including 13 Ross Dress for Less stores and four DD’s Discounts locations across 11 states (full list of new locations found at later in article)... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/ross-stores-opens-17-locations-february-march-heres-where?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGgdiyCbMcroEld7c-Igp7_yczSKcdIX16nZv8m--gufB92jGpVjuMxnqtnqcOMp-BiXooxCBIXT-exehFzQ4aIZQ0y5pfTfkviZ6p64tVEyoGO" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/A_map_showing_store_openings_and_closings_in_February.webp" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Walmart closes stores in February </strong> </p> <p> <span> <br/> Family Dollar stores closures hit the triple digits in February as the retailer continues to develop a new strategy. A total of 100 Family Dollar locations were closed with many happening in the South and Southeast, according to the latest data provided by  </span> <a href="http://www.scrapehero.com/" target="_blank"> ScrapeHero </a> <span> .  </span> </p> <p> <span> Walmart closed four stores, including three Sam’s Club locations in Fayetteville, Ark., Indianapolis, Ind., and Lebanon, Tenn. The Walmart store that closed was in Bentonville, Ark. Dollar Tree closed 9 stores, including three in California. Walgreens closed 6 locations... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://www.supermarketnews.com/store-closings/walmart-closes-stores-in-february?utm_rid%3DCPG06000019360528%26_mc%3Dem_SN_News_SN%2520Daily%2520News%2520Updata_News_NL_03102026%26utm_campaign%3D69415%26utm_medium%3Demail%26elq2%3De4d62e5786464aefb37690a4f5599345%26sp_eh%3D8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb&amp;source=gmail&amp;ust=1773509711957000&amp;usg=AOvVaw2Ka9mbpz_asQFKHY06I3DN" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-03-13+at+3.24.17-PM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> It's official: Fitness centers, pickleball courts, other services now dominate retail real estate </strong> <span> <br/> <br/> Retail leasing reached a structural turning point in 2025. For the first year on record, service-based retailers leased more space than traditional goods-based tenants. </span> </p> <p> <span> And while the margin was narrow, 50.4% services to 49.6% goods, the crossover is meaningful as it reflects the long-running reallocation of consumer spending and the continued evolution of physical retail space toward uses that are less vulnerable to e-commerce... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/186152268/its-official-fitness-centers-pickleball-courts-other-services-now-dominate-retail-real-estate?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p1&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc3MzMyNDU4Nn0.On31XN3NdQvXOs3wORsk6I48x-xwLZdTbjYrUMWfZNc" target="_blank"> Read Full Article... </a> </p> </div> Fri, 13 Mar 2026 19:25:31 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapc1c5a372 2026 thumbnail main image https://www.marcperlof.com/capital-is-slowing-down-heres-what-that-means-for-retail-property-values <div data-rss-type="text"> <div> By Marc Perlof | MarcRetailGuy  </div> <div> CA #01489206 </div> <div> <br/> </div> <div> March 9, 2026 </div> <div> <br/> </div> <div> If you own retail real estate, here’s what just changed for you. </div> <div> <br/> </div> <div> If you own retail property, the biggest change happening in today’s market is not rent levels or cap rates. It is capital. More specifically, the speed at which investment capital is being raised and deployed into retail deals. </div> <div> <br/> </div> <div> As a retail real estate agent focused on investment sales, I am seeing this shift in real time. Investors still want retail assets. But the capital behind those buyers is moving more cautiously than it did a few years ago. That change affects pricing, buyer competition, and how quickly deals close. </div> <div> <br/> </div> <div> Over the past year I have seen buyers take longer to raise equity and move deals forward. According to the 2024 Global Private Markets Report from McKinsey &amp; Company, fundraising cycles for private real estate funds have lengthened and investors are taking more time to commit capital as they reassess risk and portfolio allocations.¹ This does not mean capital has disappeared. It means capital is moving more carefully. </div> <div> <br/> </div> <div> Retail investment activity reflects this new discipline. According to Marcus &amp; Millichap’s 2025 U.S. Retail Investment Forecast, national retail vacancy remains near historic lows, generally ranging between approximately 4 percent and 5 percent depending on the quarter and reporting method.² Low vacancy continues to attract investors to retail assets, but they are underwriting deals more conservatively. </div> <div> <br/> </div> <div> Another key trend is the concentration of capital toward stronger assets and stronger sponsors. CBRE’s U.S. Real Estate Market Outlook reports that investors are prioritizing properties with durable tenant demand and stable income streams as uncertainty around interest rates and refinancing conditions persists.³ </div> <div> <br/> </div> <div> In practical terms, this means retail syndicators and private investors must raise capital more carefully and explain risk more clearly before closing acquisitions. Limited partners want to understand tenant durability, lease rollover risk, and income stability before they commit equity. </div> <div> <br/> </div> <div> Several trends are driving this capital caution. </div> <div> <ul> <li> Investors are performing deeper underwriting before committing equity to retail acquisitions.¹ </li> <li> Retail vacancy remains low nationally, which keeps investor interest in the sector even while capital formation slows.² </li> <li> Institutional and private investors are prioritizing assets with stable tenants and predictable income streams.³ </li> </ul> </div> <div> <br/> </div> <div> For retail property owners, this shift matters. When capital raising slows, the pool of active buyers becomes more selective. Properties with stable tenants, longer lease terms, and predictable income attract the deepest buyer interest. </div> <div> <br/> </div> <div> Properties with near-term lease rollover, weaker tenants, or uncertain cash flow may still sell, but buyers will price in more risk. That can affect value expectations and negotiation leverage. </div> <div> <br/> </div> <div> This is why understanding how investors are raising capital today is critical before bringing a retail property to market. A well-positioned asset with the right story can still attract strong buyer demand. But the strategy behind the sale matters more than ever. </div> <div> <br/> </div> <div> If you own retail real estate and want to understand how today’s capital markets affect the value of your property, let’s talk. If you are considering selling in the next 12–24 months, understanding how buyers are raising capital today can have a direct impact on your exit price. </div> <div> <br/> </div> <div> If investors are raising capital more slowly and underwriting deals more carefully, how would your property perform under the scrutiny of today’s buyers? </div> <div> <br/> </div> <div> #RetailRealEstate #RetailPropertyInvesting #CommercialRealEstate #RetailInvestmentSales #CRECapitalMarkets #RetailSyndication #RetailPropertyOwners #CommercialPropertyInvesting #RetailAssetManagement #CREInvestors #ValueAddRetail #RetailPropertyStrategy </div> <div> <br/> </div> </div> <div data-rss-type="text"> <p> <strong> Sources </strong> </p> <p> <a href="https://www.mckinsey.com/industries/private-capital/our-insights/global-private-markets-report?utm_source=chatgpt.com" target="_blank"> ¹ McKinsey &amp; Company, Global Private Markets Report 2024. The report notes longer fundraising cycles and more selective capital allocation by limited partners across private real estate funds. </a> <span> <br/> <br/> </span> </p> <p> <a href="https://www.marcusmillichap.com/research/market-forecast" target="_blank"> ² Marcus &amp; Millichap, 2025 U.S. Retail Investment Forecast. National retail vacancy has remained near historic lows in recent years, generally reported between approximately 4 percent and 5 percent depending on the quarter and methodology. </a> <span>     <br/> </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://www.cbre.com/insights/books/us-real-estate-market-outlook-2026/retail" target="_blank"> ³ CBRE, U.S. Real Estate Market Outlook 2025. Investors are prioritizing income stability and tenant durability as capital markets remain cautious amid interest rate uncertainty. </a> <a href="https://www.cbre.com/insights/books/us-real-estate-market-outlook-2026/retail" target="_blank"> <br/> </a> </p> <p> <span> <br/> </span> </p> <p> <span> <br/> Based in Los Angeles. Serving Southern California. Active across California. Advising clients nationwide. </span> </p> <p> <br/> </p> <p> <span> <span>  </span> <br/> </span> </p> <p> <strong> Disclaimer </strong> </p> <p> <span> This post is for information only. It is not legal, tax, or financial advice. Always check with a licensed professional before making decisions. </span> </p> <p> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> © 2026 Marc Perlof Group. All rights reserved. </span> </p> <p> <span> <br/> </span> </p> </div> Mon, 09 Mar 2026 06:28:48 GMT https://www.marcperlof.com/capital-is-slowing-down-heres-what-that-means-for-retail-property-values thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap3982c79a <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download-bb2307a4.webp" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> Economic Snapshot: K-shaped Economy Poses Risks for Commercial Real Estate </strong> <span> <br/> <br/> </span> </p> <p> <span> The latest economic data paints a robust picture of the U.S. economy, with 130,000 jobs added in January and GDP growing at an annual rate of 4.4 percent in the third quarter. Yet this growth was uneven. The data points increasingly to a “K-shaped” economy—one in which higher-income households and capital-intensive sectors continue to grow and spend, while lower-income households face stagnating wages and constrained consumption. This divergence is now responsible for nearly 60 percent of consumer spending... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://urbanland.uli.org/capital-markets-and-finance/economic-snapshot-k-shaped-economy-poses-risks-for-commercial-real-estate?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=banks-boost-apartment-lending-even-as-troubled-loans-increase&amp;_bhlid=efb75630c859d25e6ae7d2022589fa0ac6b92432"> Read Full Article... </a> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/abercrombie_fitch_co.jpg" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Abercrombie &amp; Fitch has strong year; to open 30 new stores </strong> <span> <br/> <br/> Abercrombie &amp; Fitch maintained its momentum in the fourth quarter fueled by another strong performance from Hollister, and marked its 13th consecutive quarter of growth. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The apparel retailer hit a key milestone in 2025, surpassing the $5 billion sales mark for the first time. It also continued to expanding its footprint, growing square footage by 4% year over year. It ended the year with a total of 829 stores... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://chainstoreage.com/abercrombie-fitch-has-strong-year-open-30-new-stores?utm_source%3Dswiftmail%26utm_medium%3Demail%26utm_campaign%3DCSA_NL_DayBreaker%26mkt_tok%3DODI1LUxTUC01NDUAAAGgXKOULvOK7DdGImsiBU86tewAY38ICy6SPNsVgGWjmkWDnssXqnTKZzfN9KGzmwoV3HQLzXueLIpdcRMsFBaUerbM9G8FsmUXHJfy3RrrNYI6&amp;source=gmail&amp;ust=1772868931231000&amp;usg=AOvVaw1fqIj1aS3IrnJaAEr4jb86" target="_blank"> ReadFull Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-03-06+at+3.55.41-AM.png" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Raising Cane's takes US expansion to the Pacific Northwest  </strong> <span> <br/> <br/> Raising Cane’s is expanding its fast-food chicken finger concept along the Western U.S. after opening its first restaurant in Seattle last month. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The chicken chain, with headquarters in Baton Rouge, Louisiana, reported a total of more than 950 restaurants in the U.S. and Middle East. It has plans to open a restaurant March 17 in Coeur d'Alene, Idaho, with other locations planned for Washington and Oregon later this year... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1372166285/raising-canes-takes-us-expansion-to-the-pacific-northwest?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=banks-boost-apartment-lending-even-as-troubled-loans-increase&amp;_bhlid=5fccfe77c16efa6c49c4be658597372b267e2571" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/ross.jpg" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Ross Q4 sales jump, cites ‘very strong start’ to spring season; to open 110 stores </strong> </p> <p> <span> <br/> Ross Stores Inc. ended its year on a high note with better-than-expected earnings and sales amid traffic gains, and provided an upbeat outlook. </span> </p> <p> <span> In the earnings statement, Ross CEO Jim Conroy said the company ended the fourth quarter with solid momentum, and “while early, we are encouraged by the very strong start to the spring season..." <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/ross-q4-sales-jump-cites-very-strong-start-spring-season-open-110-stores?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGgXKOULndceLohl_gWRhVjf11dmvVx4jbkKx2zMeZ3QRqNHLFSKB24hhQJ7SwkNoQ7os1NkrL8eEOavqXiwmTts0x6lkGnEdzJFNfXqSl2gNNc" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-03-06+at+3.59.01-AM.png" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Sunoco extends deal streak with acquisition of New York properties <span>  </span> </strong> </p> <p> <span> Sunoco bought 48 gas stations and convenience stores in New York as part of its expansion initiative. </span> </p> <p> <span> The Sunoco Retail division of Sunoco LP acquired the properties from Capitol Petroleum Group, according to trade publication CSP Daily News, citing a statement from a brokerage that worked on the deal. The brokerage, Petroleum Capital and Real Estate, as well as Sunoco and Capitol Petroleum Group, did not respond to CoStar News' requests for comment... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1636116037/sunoco-extends-deal-streak-with-acquisition-of-new-york-properties?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=apartment-market-shows-early-signs-of-a-turnaround&amp;_bhlid=e13dcc07b1e41b8265a3517d1476ace5fa26d133" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/target_newstores2021_0.jpeg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Target reveals turnaround plan — investing $6B in stores, tech and workers </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Target Corp.’s sales slump continued in the fourth quarter amid falling revenue and store traffic even as its adjusted earnings easily topped forecasts. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> But the discounter, which is looking to turn things around under new CEO Michael Fiddelke, noted that its sales and traffic accelerated in the last two months of the quarter. Fiddelke, who took the reins on Feb. 1, struck a positive regarding the current quarter... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/target-reveals-turnaround-plan-investing-6b-stores-tech-and-workers?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGgV31m4D7KJxmU-j2N_C7jQISBLwyzTh1qiNXYwrlfGvoibRFaRQ_ixipdm2w1PqWmVhrCJydl9XfSNqoBlrT58xqnP8PaRa7ui7HmOPyKoM0h" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/schlotzskysprototype.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Schlotzsky’s Drops Fresh Prototype and Updated Branding  </strong> <span> <br/> <br/> Schlotzsky’s is going back to where it started, and it’s trying to tackle some very 2020s challenges along the way. </span> </p> <p> <br/> </p> <p> <span> The Austin-born sandwich chain, one of seven brands within the GoTo Foods portfolio, is reclaiming its original “deli” identity and rolling out a next-generation prototype designed to be smaller and cheaper to operate. The new box promises an estimated 20–25 percent reduction in operating costs on paper, plus a tighter footprint capped at about 2,100 square feet and an experience that better matches the food quality the brand believes it already delivers... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/schlotzskys-drops-fresh-prototype-and-updated-branding/?spMailingID=189557&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=189557" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-03-06+at+5.24.50-AM.png" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Here are the restaurants Burger King’s owner is adding. Hint: They’re not Burger Kings. </strong> </p> <p> <span> <br/> Restaurant Brands International is looking to fuel its growth by opening 1,800 restaurants a year by 2028, driven by its Popeyes, Firehouse Subs and Tim Hortons chains rather than its banner brand, Burger King. </span> </p> <p> <span> Miami-based RBI, parent of the lagging quick-service hamburger chain, detailed its expansion strategy during an Investor Day event at its </span> <span>   </span> <span> headquarters Thursday. The plan calls for accelerated restaurant openings... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1731865387/here-are-the-restaurants-burger-kings-owner-is-expanding-hint-its-not-burger-king?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=nyc-s-21b-bet-on-sunnyside-yard-hinges-on-trump&amp;_bhlid=7923820c06c4c0349c663ec26a9205be15811470" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/floor_decor.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Floor &amp; Decor to open 20 stores in 2026; makes Staten Island debut </strong> <span> <br/> <br/> Floor &amp; Decor Holdings continues its national expansion. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The specialty retailer of hard surface flooring and related accessories for homeowners and professionals plans to open 20 warehouse stores in 2026. The new outposts include Floor &amp; Decor’s second location in New York City, in the borough of Staten Island, which opened its doors in late February... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2026-02-26?article=floor-decor-open-20-stores-2026-makes-staten-island-debut" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/tjx_0.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> TJX Q4 beats estimate, Q1 off to ‘strong start;' to open 146 new stores </strong> </p> <p> <span> <br/> The TJX Companies ended its fiscal year on a strong note, with better-than-expected fourth-quarter earnings and sales and annual revenue that surpassed the $60 billion mark for the first time. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The off-price powerhouse said it’s off to a “strong start" in its first quarter, but offered a softer-than-expected outlook. On the earnings call, TJX executives said the company expects to open 146 net new stores in 2026, which would bring its year-end total to well over 5,300 locations. It also plans to execute more than 540 remodels... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/tjx-q4-beats-estimate-q1-strong-start-open-146-new-stores?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_Weekend&amp;mkt_tok=ODI1LUxTUC01NDUAAAGgQzSBDr2nPjOKY5shPkS9SPj-tjZrhgUxEfE8Y7M-XZQ-qlLn5Dollgk0zd_tyIrn7WWBnvsI1sPivDWYHi_ouBBHxvdS1w6l_STt92IeMv-K" target="_blank"> Read Full Article... </a> </p> </div> Fri, 06 Mar 2026 10:32:33 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap3982c79a 2026 thumbnail main image https://www.marcperlof.com/tenant-credit-is-now-the-1-risk-and-opportunity-in-retail-property-repositioning-2026-update <div data-rss-type="text"> <div> <span> By Marc Perlof | MarcRetailGuy </span> </div> <div> CA #01489206 </div> <div> <br/> </div> <div> March 2, 2026 </div> <div> <br/> </div> <div> If you own retail real estate, here’s what just changed for you. </div> <div> <br/> </div> <div> Tenant credit is now your biggest risk when buying or moving retail real estate in California. As a retail broker in Los Angeles with a focus on retail investment sales, I've noticed a noticeable change in the way lenders and buyers assess add-value retail properties. Tenant credit strength and lease rollover exposure are currently the main factors influencing pricing, financing, and exit value. </div> <div> <br/> </div> <div> Rent per square foot continues to be a major concern for many owners. That is insufficient now. Tenant stability will decide the success or failure of your investment strategy in 2026.  </div> <div> <br/> </div> <div> <br/> </div> <div> Buyers begin their evaluation of a retail property by asking three questions. How resilient are the tenants? The leases end when? What occurs if a single renter vacates?  </div> <div> <br/> </div> <div> Those answers directly affect cap rates, loan terms, and pricing. </div> <div> <br/> </div> <div> Before making an offer, purchasers underwrite downtime, leasing commissions, tenant renovations, and lost rent if their income seems erratic. In response, lenders want larger reserves and tighten terms. Valuation soon reflects this strain. </div> <div> <br/> </div> <div> Here is how it works. </div> <div> Example Scenario </div> <div> A retail property produces $1,000,000 in annual net income. One tenant represents 30% of that income and the lease expires in 18 months. The tenant has average financial strength. </div> <div> <br/> </div> <div> That revenue is not regarded as completely secure by a buyer. They make assumptions about potential vacancies, carry costs, and re-leasing costs. Value may decline dramatically if cap rates rise by even 0.5% due to rollover or credit worries. Tenant quality becomes pricing pressure in this way. </div> <div> <br/> </div> <div> The cap rate expansion alone can lower predicted returns by 200 to 300 basis points for an add-value investor aiming for a 16% to 18% IRR over a three to five year hold. If tenant durability is miscalculated, what appeared to be a successful repositioning move could soon drop below hurdle rates. </div> <div> <br/> </div> <div> <b> What I’m Seeing in the Market </b> </div> <div> In the last 12 months, I have witnessed several retail listings receive robust initial pricing guidance based on in-place NOI. However, after examining lease rollover exposure and tenant financial soundness, buyers have widened cap rates by 50 to 75 basis points. There was no change in the income. The perception of durability did. The predicted value was lowered by millions just by that change. </div> <div> <br/> </div> <div> Recent industry reports confirm that tenant risk is now one of the top concerns for investors. Store closures and lease renegotiations are forcing owners to rethink refinancing strategy and long-term exit plans.¹²³ </div> <div> <br/> </div> <div> Why This Matters to You </div> <div> <ul> <li> More than 1,200 U.S. retail stores were confirmed for closure in 2026 as brands reduced locations and cut costs.¹ </li> <li> National retail vacancy remains near 4.0% to 4.5%, showing tight supply but ongoing turnover risk.² </li> <li> Industry outlooks emphasize that tenant credit quality and lease rollover exposure are now core valuation drivers.³ </li> <li> Lenders are requiring stronger tenant profiles and reserves for retail property financing and acquisitions.⁴ </li> </ul> </div> <div> <br/> </div> <div> Strong tenants protect value. Weak tenants compress it. </div> <div> <br/> </div> <div> However, this change also presents an opportunity for investors who are orienting themselves with discipline. Sophisticated operators can prolong lease periods, increase tenant mix, resale into stronger cap rate compression, and acquire at a discount when price pressure arises from weaker tenant credit or near-term rollover. </div> <div> <br/> </div> <div> Unstable tenants pose more than simply a risk. If properly underwritten, it is leverage. </div> <div> <br/> </div> <div> Investors and lenders will find your property more appealing if it is anchored by reliable operators with good financials. If not, you can experience compressed returns at exit, longer vacancies, and larger concessions. </div> <div> <br/> </div> <div> Instead of waiting for an issue, astute owners are increasingly stress-testing their tenant mix. They are interested in how their tenant strength and lease rollover may affect long-term value and refinance revenues. </div> <div> <br/> </div> <div> <b> Your Next Step </b> </div> <div> Many owners are unaware of how aggressively today's purchasers are underwriting tenant durability. Knowing how your tenant mix will be priced is now essential if you intend to refinance, recapitalize, or sell within the next 12 to 36 months. </div> <div> <br/> </div> <div> Through the MarcRetailGuy™ Tenant Stability &amp; Exit Valuation Model, I analyze lease rollover exposure, tenant credit durability, refinance sensitivity, and exit cap rate scenarios the way institutional buyers are currently underwriting retail. </div> <div> <br/> </div> <div> Before you assume your value holds, stress-test it. </div> <div> <br/> </div> </div> <div data-rss-type="text"> <p> <strong> Sources </strong> </p> <ol> <li> <span> Business Insider. “Here Are All the Major Retail Stores Closing in 2026.” </span> <a href="https://www.businessinsider.com/stores-closing-in-2026-list" target="_blank"> <br/> https://www.businessinsider.com/stores-closing </a> <a href="https://www.businessinsider.com/stores-closing-in-2026-list" target="_blank"> - </a> <a href="https://www.businessinsider.com/stores-closing-in-2026-list" target="_blank"> in-2026-list </a> </li> <li> <span> GlobeSt / CoStar. “Subdued Construction Keeps Retail Vacancy in Check After Wave of Closures.” </span> <a href="https://www.globest.com/2026/02/20/subdued-construction-keeps-retail-vacancy-in-check-after-wave-of-closures/" target="_blank"> <br/> https://www.globest.com/2026/02/20/subdued-construction-keeps-retail-vacancy-in-check-after-wave-of-closures/ </a> </li> <li> <span> CBI Commercial. “US Retail Market 2025 Recap and 2026 Outlook.” </span> <a href="https://www.cbicommercial.com/blog/us-retail-market-2025-recap-and-2026-outlook" target="_blank"> <br/> https://www.cbicommercial.com/blog/us-retail-market-2025-recap-and-2026-outlook </a> </li> <li> <span> Colliers. “2026 Retail Outlook.” </span> <a href="https://knowledge-leader.colliers.com/nina-sainyancolliers-com/2026-colliers-retail-outlook/" target="_blank"> <br/> https://knowledge-leader.colliers.com/nina-sainyancolliers-com/2026-colliers-retail-outlook/ </a> </li> </ol> <p> <span> <br/> Based in Los Angeles. Serving Southern California. Active across California. Advising clients nationwide. </span> </p> <p> <span> <br/> </span> </p> <p> <span> #LosAngelesCommercialRealEstate #StripCenterForSale #RetailPropertyForSaleCA #NNNInvestment #1031ExchangeCA #CREBrokerLA #ShoppingCenterOwner </span> </p> <p> <br/> </p> <p> <strong> Disclaimer </strong> </p> <p> <span> This post is for information only. It is not legal, tax, or financial advice. Always check with a licensed professional before making decisions. </span> </p> <p> <span> <br/> <br/> </span> <span> <br/> </span> </p> <p> <span> © 2026 Marc Perlof Group. All rights reserved. </span> </p> <p> <span> <br/> </span> </p> </div> Mon, 02 Mar 2026 17:21:09 GMT https://www.marcperlof.com/tenant-credit-is-now-the-1-risk-and-opportunity-in-retail-property-repositioning-2026-update thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap03d6e556 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/huey_magoos_storefront.jpg" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> Huey Magoo's to enter Texas, expand Alabama footprint </strong> </p> <p> <br/> </p> <p> <span> A growing chicken tender chain is plotting expansion in two Southern states. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> Huey Magoo’s has signed a new development agreement totaling 12 restaurants, marking the brand's entry into Texas and expansion in Alabama. The deal includes eight restaurants across the north Dallas market and four in Birmingham, Ala., continuing the chain's nationwide expansion... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2026-02-23?article=huey-magoos-enter-texas-expand-alabama-footprint" target="_blank"> Read Full Article... </a> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_1326984296.jpg" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Canada’s Loblaw Companies to open 70 new stores, renovate 191 locations in 2026 </strong> </p> <p> <span> <br/> Loblaw Companies Limited — one of Canada’s largest retailers — is making big investments in its brick-and-mortar network and supply chain. </span> </p> <p> <span> The food and pharmacy retailer said it will spend $2.4 billion in 2026 to expand and renovate its store network, enhance its supply chain capabilities and create jobs for people all across Canada. Loblaw will open 70 new stores in 2026, including 34 Shoppers Drug Mart and Pharmaprix pharmacies and care clinics, and 31 “hard discount” No Frills and Maxi stores... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/canadas-loblaw-companies-open-70-new-stores-renovate-191-locations-2026?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGgLkpcpEIqTN6DD6G8X5SZvVJFTtg-Dt8hPg5SB0xOw1sGwaVP_KWt6whzK6QMEyv6X9VMVv-MPRUvjnxU2k9ZpzEO7f9FdgTyXCPoXW_LVEZT" target="_blank"> ReadFull Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-02-27+at+1.12.25-PM.png" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Planet Fitness to bulk up with nearly 200 new clubs this year </strong> </p> <p> <span> <br/> Planet Fitness plans to open nearly 200 clubs this year, focusing on space once occupied by struggling retailers and targeting the next generation of fitness enthusiasts for its membership. </span> </p> <p> <span> The expansion comes as health-conscious Americans are willing to ante up to improve their physiques. The industry has sprung back from the pandemic, when there was a shakeout of gym chains after they were ordered to close their doors during COVID-19 lockdowns... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/919692738/planet-fitness-to-bulk-up-with-nearly-200-new-clubs-this-year?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=transamerica-pyramid-set-to-trade-as-ownership-rift-deepens&amp;_bhlid=b80159624d13f8858f5588df34155b1620588804" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_1575365968.jpg" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Home Depot Q4 tops estimates; opening 15 stores in 2026 </strong> <span> <br/> <br/> The Home Depot topped Wall Street estimates for the first time in a year in its fourth quarter, but reported a 3.8% sales decline amid a stalled housing market, ongoing economic uncertainty, high mortgage rates and cautious consumers... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/home-depot-q4-tops-estimates-opening-15-stores-2026?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGgOJbnpTUHhtW9jA70Xrgewdw9Zr4L80ny5kiebAzB-Bpyo-pNL7oRzHxLOH-xI2CxY1WdHEy4zU4iFbWS2DC9uwT3Xe1ptsb5p36gkCT0sWWI" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/wonder.png" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Wonder plans more than 100 Texas locations by end of 2027 </strong> <span> <br/> <br/> </span> </p> <p> <span> The delivery- and pickup-focused restaurant company founded by former Walmart executive Marc Lore is expanding far beyond its Northeast roots. </span> </p> <p> <span> Wonder announced it will open for business in Texas in 2027, marking its next phase of growth as a multi-region operator... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/wonder-plans-more-100-texas-locations-end-2027?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGgOJbnpWEQ13s8MbosfGot74WRHZrh2nbiwTSgAMOGSALOGy1XlbqUh050VPRRvZVFft44cuBJvMlIzSlNOyaDvXaeePnkKo2Yq36Ma_nIiFmQ" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/fred_segal_exterior_feb_202645.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Canada’s Aritzia acquires iconic LA brand Fred Segal </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Aritzia continues to move on its long-term strategy to expand in the U.S.  </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The Canada-based fashion retailer has acquired the Fred Segal brand and has leased 8100 Melrose Avenue — Fred Segal’s original flagship destination in Los Angeles (West Hollywood). The acquisition includes the Fred Segal brand, including intellectual property and trademarks. The purchase price was not disclosed... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/canadas-aritzia-acquires-iconic-la-brand-fred-segal?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGgGbE9fDOVlzEeRw7lPw2WuGH1UYwC5--2VpyGDHsaoTODKvhS8PKLRBIoZa2Zi5-ywt74LSxB03k81s96472bikuvoZFmEDTJSSYhi1orRheJ" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/jackintheboxaslam.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Jack in the Box Targets Stability in 2026 as Value, Operations, and Tech Gain Traction </strong> <span> <br/> <br/> With Del Taco officially leaving the picture in December, Jack in the Box will now spend the rest of its 2026 fiscal calendar—and beyond—focusing on the core business. </span> </p> <p> <br/> </p> <p> <span> And there is much work to do. </span> </p> <p> <span> Systemwide same-store sales declined 6.7 percent in Q1 year-over-year, comprising a 7 percent decrease among franchises and a 4.7 percent drop among company-operated stores. The decreases resulted from softer transactions and negative menu mix, partially offset by menu price increases. CEO Lance Tucker attributed the performance gap between company and franchise units to corporate restaurants pricing lower and leaning more into digital promotions... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/jack-in-the-box-targets-stability-in-2026-as-value-operations-and-tech-gain-traction/?spMailingID=188534&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=188534" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/pexels-james-collington-2147687246-29980031-scaled.webp" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> QSR Cap Rates Steady As Investors Shift to Quality </strong> <span> <br/> <br/> Globe St reports that the net-lease quick service restaurant (QSR) market  </span> <span> closed out 2025 </span> <span>  with average cap rates almost unchanged at 5.68%, according to B+E’s year-end report. Underneath that steady headline, the market showed a distinct shift: investors favored long-term leases with strong operators, driving tighter yields for top brands and spotlighting concept quality over broad sector movement... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/qsr-cap-rates-steady-as-investors-shift-to-quality/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=mamdani-floats-first-nyc-property-tax-hike-in-decades&amp;_bhlid=3e4e4968026ce0f833031ee09a10522184106753" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/16handlesdesserts.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> 16 Handles Proves Frozen Yogurt Category is Alive and Well </strong> </p> <p> <span> <br/> 16 Handles CEO Neil Hershman has seen the news on frozen yogurt being a stale category. </span> </p> <p> <br/> </p> <p> <span> He doesn’t entirely disagree. As he says, “Perceptions are based on some level of reality.” </span> </p> <p> <span> Hershman saw legacy brands maintain the status quo. There was a refusal to evolve, meet cultural shifts, or deploy any engaging marketing. At the same time, they didn’t encourage franchisees to update stores or remain proactive in day-to-day management... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/growth/16-handles-proves-frozen-yogurt-category-is-alive-and-well/?spMailingID=188698&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=188698" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-02-27+at+2.24.47-PM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> The second life of America’s shuttered pharmacies </strong> </p> <p> <span> <br/> The U.S. pharmacy sector is undergoing one of the most significant contractions in modern retail history, reshaping corners, intersections and neighborhood stores nationwide. </span> </p> <p> <span> Since 2022, the unwinding of pandemic-driven demand and long-standing structural pressures has led to thousands of drugstore closings from the sector’s three primary operators... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1742797234/the-second-life-of-americas-shuttered-pharmacies?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p1&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc3MjIwMjY2M30.-4IqOebIrRSv6vkhcqtrVoKqnaEgJBPcB-p5zNxIOMI" target="_blank"> Read Full Article... </a> </p> </div> Fri, 27 Feb 2026 19:28:35 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap03d6e556 2026 thumbnail main image https://www.marcperlof.com/retail-property-succession-planning-will-your-family-inherit-income-or-problems <div data-rss-type="text"> <p> <span> By Marc Perlof | MarcRetailGuy <br/> <br/> </span> </p> <p> <span> February 23, 2026 <br/> <br/> </span> </p> <p> <span> If you own retail real estate, here’s what just changed for you. </span> </p> <p> <strong> <br/> What Happens to Your Property When You’re No Longer Running It? </strong> </p> <p> <span> Most mom-and-pop retail owners built their property over decades. You likely handled tenant calls yourself, negotiated leases personally, and made repair decisions without a committee. For many owners, the property is not just an investment. It is a major part of retirement income and family wealth. </span> </p> <p> <span> But here is the question few owners answer clearly: What happens to the property when you are no longer the one making decisions? </span> </p> <p> <strong> <br/> Legacy Planning Just Shifted Again </strong> </p> <p> <span> For several years, owners were told the federal estate tax exemption would drop sharply in 2026 and that they needed to act quickly. That urgency has changed. </span> </p> <p> <span> For estates of decedents who die in 2025, the federal estate and gift tax exemption is $13.99 million per person under IRS guidance¹. Under prior law in the Tax Cuts and Jobs Act of 2017, that higher exemption was scheduled to sunset after December 31, 2025 and revert to a lower level beginning January 1, 2026 if Congress took no action². </span> </p> <p> <span> <br/> However, the One Big Beautiful Bill Law, enacted July 4, 2025, prevents that reversion and permanently resets the exemption beginning January 1, 2026³. Starting in 2026, the exemption is $15 million per person, or $30 million for a married couple with proper planning, and it will be indexed for inflation going forward³. The annual gift tax exclusion remains $19,000 per recipient for 2026⁴. </span> </p> <p> <span> This means the expected tax drop is no longer the main threat. </span> </p> <p> <span> <br/> But taxes are rarely what hurt families who inherit retail property. </span> </p> <p> <strong> <br/> What Actually Reduces Value </strong> </p> <p> <span> After more than 20 years in retail investment sales and nearly $750 million in closed transactions, I have seen what causes problems for heirs. It is usually operational risk, not tax exposure. </span> </p> <p> <span> <br/> Common issues include leases expiring within a few years, major roof or parking lot repairs that were postponed, and no clear decision-maker in the family. Sometimes adult children inherit the property but do not want to manage tenants or deal with capital improvements. In many cases, the children do not even know who the estate attorney, real estate attorney, CPA, tax attorney, ADA specialist, or trusted vendors are. If the contact list for your handyman, plumber, roofer, and HVAC technician only lives in your phone, that is a real operational risk. </span> </p> <p> <span> <br/> None of these issues show up in an estate tax calculation. All of them show up in the sale price. </span> </p> <p> <strong> <br/> Why Timing Matters </strong> </p> <p> <span> Interest rates remain much higher than they were during the 2010–2020 period, with the Federal Funds Rate at 3.5%-3.75% to date from the Federal Reserve reporting⁵. Higher borrowing costs reduce buyer purchasing power and can compress pricing when owners consider selling investment property before retirement. </span> </p> <p> <span> <br/> At the same time, baby boomers continue to control a significant share of U.S. real estate wealth, and a large intergenerational wealth transfer is underway according to U.S. Census Bureau data⁶. </span> </p> <p> <span> <br/> In simple terms, many retail properties will change hands over the next decade. The only question is whether those transitions are planned or forced. </span> </p> <p> <strong> <br/> What Strong Retail Property Succession Planning Looks Like </strong> </p> <p> <span> Retail property succession planning should focus on the asset itself. That means reviewing lease rollover schedules, evaluating tenant credit strength, budgeting realistically for capital repairs, and creating a clear family real estate transition strategy. </span> </p> <p> <span> <br/> For some owners, commercial property inheritance planning makes sense because the next generation wants the asset and understands the responsibility. For others, selling investment property before retirement may protect wealth and reduce stress for the family. </span> </p> <p> <span> <br/> The right answer depends on lease structure, property condition, and family goals. </span> </p> <p> <span> <br/> If you own retail real estate and want a clear evaluation of your lease exposure, capital risk, and transition options, I can help you review it from a real-world retail perspective. Call or DM me for more information or comment “PLAN” if you want a succession checklist. </span> </p> <p> <span> <br/> If your largest tenant gave notice tomorrow, would your family know exactly what to do? </span> </p> <p> <span> <br/> #RetailRealEstate #CommercialRealEstate #CREBroker #InvestmentProperty #PropertyOwners #SuccessionPlanning #PropertyInheritance #FamilyWealth #NetLease #LosAngelesRealEstate <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <strong> Disclaimer </strong> </p> <p> <span> This post is for information only. It is not legal, tax, or financial advice. Always check with a licensed professional before making decisions. </span> </p> <p> <span> <br/> </span> </p> <p> <strong> <br/> Footnotes </strong> <span> <br/> </span> <a href="https://www.bls.gov/bls/shutdown.htm" target="_blank"> <br/> </a> <a href="https://www.irs.gov" target="_blank"> ¹ IRS Revenue Procedure 2024-40, Basic Exclusion Amount for 2025 set at $13.99 million. </a> <a href="https://www.icsc.com/news-and-views/icsc-exchange/11-retail-real-estate-predictions-for-2026" target="_blank"> <br/> </a> <a href="https://www.congress.gov" target="_blank"> ² Internal Revenue Code §2010(c)(3), Tax Cuts and Jobs Act of 2017 sunset provision. </a> <a href="https://www.icsc.com/news-and-views/icsc-exchange/11-retail-real-estate-predictions-for-2026" target="_blank"> <br/> </a> <a href="https://www.irs.gov" target="_blank"> ³ Internal Revenue Service, Tax Inflation Adjustments for Tax Year 2026 including amendments from the One Big Beautiful Bill Act, exemption set at $15 million beginning 2026 and indexed. </a> <a href="https://www.icsc.com/news-and-views/icsc-exchange/11-retail-real-estate-predictions-for-2026" target="_blank"> <br/> </a> <a href="https://www.irs.gov" target="_blank"> ⁴ IRS Estate and Gift Tax Annual Exclusion Guidance for 2026, $19,000 per donee. </a> <a href="https://www.icsc.com/news-and-views/icsc-exchange/11-retail-real-estate-predictions-for-2026" target="_blank"> <br/> </a> <a href="https://www.federalreserve.gov/monetarypolicy.htm" target="_blank"> ⁵ Federal Reserve Board, Federal Funds Rate historical data, reporting period 2024–2025. </a> <a href="https://www.icsc.com/news-and-views/icsc-exchange/11-retail-real-estate-predictions-for-2026" target="_blank"> <br/> </a> <a href="https://www.census.gov" target="_blank"> ⁶ U.S. Census Bureau, Survey of Income and Program Participation and wealth ownership data, most recent publication available. </a> <a href="https://www.icsc.com/news-and-views/icsc-exchange/11-retail-real-estate-predictions-for-2026" target="_blank"> </a> </p> <p> <span> <br/> </span> </p> <p> <span> © 2026 Marc Perlof Group. All rights reserved. </span> <span> <br/> </span> <span> <br/> </span> </p> </div> Mon, 23 Feb 2026 15:53:27 GMT https://www.marcperlof.com/retail-property-succession-planning-will-your-family-inherit-income-or-problems 2026 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapcf5c34b2 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-02-20+at+12.26.25-PM.png" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> This Signal Triggered Before the Last 4 Recessions. It Just Happened Again. </strong> </p> <p> <br/> </p> <p> <span> The question of whether the U.S. economy is heading toward recession is a polarizing one. </span> </p> <p> <br/> </p> <p> <span> On one hand, GDP grew at a 4.4% annualized clip in the third quarter. The unemployment rate is still in the 4% to 5% range. Inflation is still well above the Federal Reserve's target but it's also sustainably below the 3% level... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.theglobeandmail.com/investing/markets/markets-news/Motley%20Fool/225536/this-signal-triggered-before-the-last-4-recessions-it-just-happened-again/" target="_blank"> Read Full Article... </a> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/aritzia_flatiron_interior_1.jpg" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Report: Aritzia sees potential for 180 to 200-plus U.S. stores </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Aritzia Inc. has big ambitions when it comes to the United States.  </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The Canadian fashion retailer sees the long-term potential for 180 to 200-plus U.S. locations, according to a  </span> <a href="https://wwd.com/business-news/retail/aritzia-us-expansion-200-stores-target-1238558110/" target="_blank"> report by WWD </a> <span> . Aritzia currently operates approximately 140 stores in North America, including 72 in the U.S... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/report-aritzia-sees-potential-180-200-plus-us-stores?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGgCj3QQSjoe6PMtPs0M5T6Ajjt_BstzgZatFRAwInGt5Wre7G618sYUALDCah5XLLUvNCoV5tuTQyka6D_pBMmP2oA516aZC21tZX2vodi63Cv" target="_blank"> ReadFull Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/BurgerKingprototype.jpg" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Beef Costs Bite into Burger King’s Profits, but Turnaround Plan Presses On </strong> <span> <br/> <br/> Burger King’s “Reclaim the Flame” turnaround plan ran into some roadblocks last year because of the macroeconomic environment. </span> </p> <p> <br/> </p> <p> <span> Average profitability per unit was about $185,000 last year, down from $205,000 in 2024. The chain attributed the dip to higher beef costs—the brand’s largest commodity—which increased more than 20 percent year-over-year. CEO Josh Kobza said that if beef prices remained what they were in 2024, then average profitability would’ve been about flat year-over-year... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/beef-costs-bite-into-burger-kings-profits-but-turnaround-plan-presses-on/?spMailingID=187771&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=187771" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/dining.jpg" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Restaurant industry to see sales rise, jobs added in 2026 </strong> </p> <p> <span> <br/> Despite increasing operating costs and economic pressures impacting consumers, the National Restaurant Association is bullish on the dining sector for 2026. </span> </p> <p> <br/> </p> <p> <span> According to the group’s State of the Restaurant Industry 2026 report, consumer spending is expected to push restaurant industry sales to a projected $1.55 trillion nationwide, with real (inflation-adjusted) sales gains of 1.3% projected. The report added that restaurant operators are expected to add approximately 100,000 jobs in 2026, bringing total industry employment to 15.8 million... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2026-02-13?article=restaurant-industry-see-sales-rise-jobs-added-2026" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/dutch_bros-647c3b20.jpg" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Dutch Bros to open ‘at least’ 180 sites in 2026 on heels of ‘record-breaking’ year </strong> <span> <br/> <br/> </span> </p> <p> <span> Dutch Bros delivered its 19th consecutive year of positive same-store sales growth and reported fourth-quarter revenue and earnings that easily topped expectations.  </span> </p> <p> <span> <br/> </span> </p> <p> <span> The fast-growing drive-thru coffee chain continued its expansion during the quarter, opening 55 locations. For the full year, Dutch Bros opened 154 new shops across 22 states, giving it a total of 1,136 locations across 25 states... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/dutch-bros-open-least-180-sites-2026-heels-record-breaking-year?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGgCj3QQNdVkRv3nGxsWkcCWDpEt-R0Uc4eDWZq_Ms9T7ocwnXOkacxdneMKIdoHz_wZd4tA-pSV0JNNumSfHautgTNfNqQZ1d-_canjyOFwHHc" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_1668335116.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Ace Hardware ends year on upbeat note </strong> </p> <p> <span> <br/> Ace Hardware Corp. reported record revenue for its fourth quarter and full year. </span> </p> <p> <br/> </p> <p> <span> The hardware cooperative’s consolidated revenues rose 9.9% to $2.5 billion for the three months ended Jan. 3. Total wholesale revenues were $2.3 billion, an increase of 10.0% compared to the prior year fourth quarter... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/ace-hardware-ends-year-upbeat-note?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGgFIpLLCrd9ZGJiS6SlH2rZ5lBqvUlBzrTZ2s-BRV3DdCuhNXXAFHz7rcCZ_NNUYISYMCDNI-sBx40obF3WGc41AXpIMq9qhJcSc5XaAtu_mUm" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Trader_Joe_s_exterior-shutterstock-resized_SN.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Trader Joe’s releases latest ‘coming soon’ list of stores </strong> </p> <p> <span> <br/> Trader Joe’s will open eight locations in the coming months, the grocery retailer announced Tuesday. </span> </p> <p> <span> <br/> </span> </p> <p> <span> Two new stores will open in Louisiana—New Orleans and Mandeville—and two will open in the Southeast—Johns Creek, Georgia, and West Palm Beach, Florida. </span> </p> <p> <br/> </p> <p> <span> The company plans to open additional stores in Merriam, Kansas; Tucson, Arizona; Woodinville, Washington; and McKinney, Texas... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/new-stores/trader-joe-s-releases-latest-coming-soon-list-of-stores?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_02192026&amp;utm_campaign=69193&amp;utm_medium=email&amp;elq2=83c09993303a4d339c3d4c14e1e90805&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/grocery_shopping.jpg" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Consumers continue shifting to mass-channel retailers for groceries </strong> </p> <p> <span> <br/> Mass retailers and dollar stores are gaining ground with consumers as financial insecurity continues to affect grocery purchasing decisions, with one chain clearly in the lead. </span> </p> <p> <br/> </p> <p> <span> Walmart’s grocery penetration has reached a record-breaking 72%, according to Dunnhumby's latest Consumer Trends Tracker (CTT) report, which analyzes the grocery spending habits and choices of consumers on a quarterly basis... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/consumers-continue-shifting-mass-channel-retailers-groceries?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGgFIpLLKW0PuBBtQbtm4Bx4h1As0ePiW3cStbCeB_RraTY7LQiPthW3YD--MkKXlH__Kb7PvExTSBsO0Cf8qhDD2DDAaZGcAH_D3YRjCXJfBFn" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-02-20+at+12.58.44-PM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Ikea adds four more stores to its 2026 US growth push </strong> <span> <br/> <br/> Global furniture retailer Ikea has bumped up the number of U.S. stores it plans to open this year, adding four more for a total of 10 locations. </span> </p> <p> <br/> </p> <p> <span> The Swedish company — whose hallmark is selling affordable ready-to-assemble furniture in big-box stores — said it now will be opening new stores in Culver City, Los Angeles’ first city-center store; Tulsa, the first Ikea store in Oklahoma; Gurnee in the Chicago area; and Fort Collins, joining Ikea Centennial and Ikea Colorado Springs in Colorado... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/2085141061/ikea-adds-4-more-stores-to-its-2026-us-growth-push?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p5&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc3MTUyMjMxN30.BJgwkfcq_z9C8DDu0v9cUseC7x1VtFjLxuaC7H3Uen0" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-02-20+at+1.03.58-PM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Gym apparel retailer makes brick-and-mortar entry in Los Angeles </strong> </p> <p> <span> <br/> A bright orange Lamborghini at the entrance of the newest store at one of Los Angeles' most upscale malls isn't just décor — it's a symbol of a digital brand shifting gears into the physical world. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> Youngla </span> <span> ,  </span> <span> pronounced YUHN-guh-lay, is a fast-growing apparel company born on social media and fueled by fitness influencers. It has opened its first brick-and-mortar store at Westfield Topanga in Canoga Park, about 25 miles northwest of downtown Los Angeles... </span> </p> <p> <br/> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://www.costar.com/article/1397049102/gym-apparel-retailer-makes-brick-and-mortar-entry-in-los-angeles?utm_source%3Dnewsletter%26utm_medium%3Demail%26utm_campaign%3Dpersonalized%26utm_content%3Dp4%26t%3DeyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc3MTQzOTU5NH0.tMhL-lXIldRTuUr9fxu_IihpxWSju36Tg3Jn7Gy5M-k&amp;source=gmail&amp;ust=1771694062995000&amp;usg=AOvVaw041Loz2HFZE1fYRTRTyAm1" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/wendyssignage.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Wendy’s Calls 2026 a Rebuilding Year as Sales Slide and Closures Accelerate </strong> <span> <br/> <br/> Wendy’s interim CEO Ken Cook made it clear to investors Friday that 2026 will be a rebuilding year for the burger giant. </span> </p> <p> <br/> </p> <p> <span> U.S. same-store sales fell 11.3 percent in Q4, driven by a decrease in traffic, partially offset by a higher average check. The brand attributed downward sales to significantly less marketing spend, a tough lap against the chain’s SpongeBob SquarePants collaboration in Q4 2024, and a decision to move its chicken sandwich launch into 2026. One positive was the  </span> <a href="https://www.qsrmagazine.com/story/a-new-chicken-era-dawns-at-wendys/"> rollout of chicken tenders and sauces </a> <span> , which led to high customer satisfaction scores... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/wendys-calls-2026-a-rebuilding-year-as-sales-slide-and-closures-accelerate/?spMailingID=187967&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=187967" target="_blank"> Read Full Article... </a> </p> </div> Fri, 20 Feb 2026 18:15:51 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapcf5c34b2 2026 thumbnail main image https://www.marcperlof.com/why-retail-developments-fail-after-site-control-underwriting-cap-rates-and-real-risk <div data-rss-type="text"> <p> <span> By Marc Perlof | MarcRetailGuy <br/> <br/> </span> </p> <p> <span> February 16, 2026 <br/> <br/> </span> </p> <p> <span> If you own retail real estate, here’s what just changed for you. </span> </p> <p> <span> <br/> Retail Developers: Why Your Deal Dies After You “Win” the Site </span> </p> <p> <span> <br/> Winning the site is not the win. Making the numbers work is the win. </span> </p> <p> <span> <br/> Today, many retail deals fail after the land is secured. Not because the site is bad. Because the math breaks when the market changes. </span> </p> <p> <span> <br/> If you own retail property, you must understand: </span> </p> <ul> <li> <span> Retail development underwriting. </span> </li> <li> <span> Retail real estate return on cost. </span> </li> <li> <span> Retail development exit cap rates. </span> </li> <li> <span> Retail capital stack risk. </span> </li> <li> <span> Retail tenant lease-up risk. </span> </li> </ul> <p> <span> <br/> These are no longer just developer terms. They determine whether your investment survives. </span> </p> <p> <span> <br/> Let’s look at the math. </span> </p> <p> <span> <br/> Example: </span> </p> <p> <span> You build a retail project for $12 million. <br/> <br/> </span> </p> <p> <span> You expect $1,000,000 in annual net operating income. </span> </p> <p> <span> <br/> Your retail real estate return on cost is: </span> </p> <p> <span> $1,000,000 ÷ $12,000,000 = 8.33% </span> </p> <p> <span> That looks strong. </span> </p> <p> <span> Now look at your exit. </span> </p> <p> <span> <br/> If buyers price the deal at a 6.75% cap rate, the value is: </span> </p> <p> <span> $1,000,000 ÷ 0.0675 = $14.8 million. </span> </p> <p> <span> Now stress test it. </span> </p> <p> <span> <br/> What if: </span> </p> <ul> <li> <span> Construction costs rise 8% </span> </li> <li> <span> Tenant Allowance costs rise </span> </li> <li> <span> Leasing is delayed 6 months </span> </li> <li> <span> Retail development exit cap rates expand 0.75% </span> </li> </ul> <p> <span> <br/> New total cost: $12.96 million <br/> New exit cap: 7.50% <br/> New value: $13.33 million </span> </p> <p> <span> <br/> Your profit shrinks fast. That is how deals die. </span> </p> <p> <span> <br/> Now let’s talk about retail capital stack risk. </span> </p> <p> <span> <br/> Most retail developments today use: </span> </p> <ul> <li> <span> 60 to 65% senior bank debt </span> </li> <li> <span> 10 to 15% mezzanine or preferred equity </span> </li> <li> <span> 20 to 30% sponsor equity </span> </li> </ul> <p> <span> <br/> If lease-up slows, lenders may: </span> </p> <ul> <li> <span> Increase reserves </span> </li> <li> <span> Delay refinancing </span> </li> <li> <span> Restrict distributions </span> </li> <li> <span> Tighten loan covenants </span> </li> </ul> <p> <span> <br/> Even a good property can become a weak investment. Retail tenant lease-up risk is another hidden problem. </span> </p> <p> <span> <br/> If your anchor tenant opens late: </span> </p> <ul> <li> <span> Interest continues </span> </li> <li> <span> Carry costs increase </span> </li> <li> <span> CAM recovery slows </span> </li> <li> <span> Cash flow weakens </span> </li> </ul> <p> <span> <br/> A short delay can materially impact your return. What does the market show? Retail vacancy remained near 5% in 2025, even as leasing velocity slowed.¹ Net lease cap rates averaged around the high 6% range in late 2025, with investors focused more on tenant quality and lease term than rate movements alone.² Assets with strong credit tenants and longer lease terms continue to command better pricing.² </span> </p> <p> <span> <br/> These trends mean one thing. Your retail real estate return on cost must exceed your retail development exit cap rate by a meaningful spread. A thin margin no longer protects you. </span> </p> <p> <span> <br/> If you earn 8.25% and expect to exit at 6.75%, that 1.5% gap may not be enough once capital stack risk and lease-up risk are fully modeled. </span> </p> <p> <span> <br/> Today’s retail development underwriting must include: </span> </p> <ul> <li> <span> Cap rate expansion </span> </li> <li> <span> Lease-up delays </span> </li> <li> <span> Construction overruns </span> </li> <li> <span> Higher cost of capital </span> </li> </ul> <p> <span> <br/> If your deal cannot survive realistic stress testing, it is not an investment. It is a momentum trade. </span> </p> <p> <span> <br/> If you own retail real estate or are planning a development, do not rely on optimistic pro formas. I stress test return on cost, exit assumptions, tenant structure, and capital stack exposure before capital is committed. Call or DM me for more information. </span> </p> <p> <span> <br/> What happens to your current property value if exit cap rates expand and your next tenant takes longer to open than expected? </span> </p> <p> <span> <br/> #RetailDevelopmentUnderwriting #RetailRealEstateReturnOnCost #RetailDevelopmentExitCapRates #RetailCapitalStackRisk #RetailTenantLeaseUpRisk <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <strong> Disclaimer </strong> </p> <p> <span> This post is for information only. It is not legal, tax, or financial advice. Always check with a licensed professional before making decisions. </span> </p> <p> <span> <br/> </span> </p> <p> <strong> <br/> Footnotes </strong> <span> <br/> </span> <a href="https://www.bls.gov/bls/shutdown.htm" target="_blank"> <br/> </a> <a href="https://www.icsc.com/news-and-views/icsc-exchange/11-retail-real-estate-predictions-for-2026" target="_blank"> ¹ ICSC, Retail Real Estate Outlook 2026, reporting on 2025 vacancy trends. </a> </p> <p> <a href="https://www.credaily.com/newsletters/issue/net-lease-cap-rates-stabilize-as-market-focus-shifts-to-risk-over-rates/" target="_blank"> ² CRE Daily, Net Lease Cap Rates Stabilize as Market Focus Shifts to Risk, 2025. </a> <span> <br/> </span> </p> <p> <span> <br/> </span> </p> <p> <span> © 2026 Marc Perlof Group. All rights reserved. </span> <span> <br/> </span> <span> <br/> </span> </p> </div> Mon, 16 Feb 2026 17:07:47 GMT https://www.marcperlof.com/why-retail-developments-fail-after-site-control-underwriting-cap-rates-and-real-risk 2026 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recape8ee8bc2 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/tacobellrestaurant.jpg" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> Taco Bell Stays Hot as Sales Continue to Rise </strong> </p> <p> <br/> </p> <p> <span> Taco Bell remains unfazed by macroeconomic pressures. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The Mexican giant’s U.S. same-store sales lifted 7 percent in the fourth quarter—fueled by transaction growth—and it continued to grab market share. Also, system sales lifted 8 percent and core operating profit rose 10 percent. The favorable financial results are coming from a variety of sources, including higher-income customers, families, and younger guests (the brand’s highest penetration of consumers came from 18 to 24-year-olds).. <br/> </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/taco-bell-stays-hot-as-sales-continue-to-rise/?spMailingID=187018&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=187018" target="_blank"> Read Full Article... </a> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/dsc08332.jpg" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> First Look: Thursday Boot Company ramps up store growth </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Direct-to-consumer footwear brand Thursday Boot Company is entering its next chapter by expanding its physical footprint. </span> </p> <p> <span> Founded in 2014, the company has unveiled its first-ever West Coast store, in the Hayes Valley neighborhood of San Francisco. It’s the brand fifth location to date, with two stores in New York City, one in Chicago, and one at Garden State Plaza in Paramus, N.J... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/first-look-thursday-boot-company-ramps-store-growth?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_Weekend&amp;mkt_tok=ODI1LUxTUC01NDUAAAGf1w7ghwilm6c5nCT3VZtL7mI4JB0TfYOvb79VcLSwtc5ewP1cxcXgr8ioqLAFmtbXq9FGefN8l0JX-kmz2a7ljFWRQvo3enlRnxvF7VR9XoAR" target="_blank"> ReadFull Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/savvysliders.jpg" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Savvy Sliders Finds Big Opportunity in Small Burgers </strong> <span> <br/> <br/> Savvy Sliders has 57 stores in the U.S. </span> </p> <p> <span> <br/> </span> </p> <p> <span> Happy Group COO Sonny Asker likes to describe Savvy Sliders as a “disruptive” concept. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> Since its founding in 2018, the fast casual has opened 57 restaurants, and there are 60 more units in development. The brand was born out of Michigan, but has spread to existing/upcoming markets like Illinois, Nevada, Indiana, Florida, Texas, North Carolina, and Louisiana. The goal is to open approximately 35 restaurants in 2026. Savvy Sliders is moving at a pace of two to three openings per month, and Asker wants to ramp that up to four... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/savvy-sliders-finds-big-opportunity-in-small-burgers/?spMailingID=187653&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=187653" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/bob_evans.jpg" alt=""/> </a> </div> <div data-rss-type="text"> <div> <p> <strong> Bob Evans Restaurants acquired </strong> <span> <br/> <br/> Bob Evans Restaurants has a new owner. </span> </p> <p> <span> <br/> </span> </p> <p> <span> New York-based investment firm 4x4 Capital has acquired the 78-year-old, Ohio-based family-dining chain from Golden Gate Capital. Bob Evans has more than 400 locations in 18 states. Golden Gate acquired the company in 2017 </span> </p> </div> <div> </div> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2026-02-05?article=bob-evans-restaurants-acquired"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download-ac5c0be4.webp" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Thousands of apartments set to take over empty office buildings with new L.A. ordinance </strong> <span> <br/> <br/> </span> </p> <p> <span> Los Angeles officials just made it easier to convert empty commercial buildings to housing, opening the door to the creation of thousands of apartments across a city clamoring for housing. </span> </p> <p> <br/> </p> <p> <span> Developer Garrett Lee is already rolling. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> After years of struggling to find white-collar tenants for a gleaming office high-rise on the edge of downtown, he has just begun converting its office space into close to 700 apartments.. <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.latimes.com/business/story/2026-02-11/thousands-of-apartments-set-to-sprout-in-old-office-buildings" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/828_jacksonville_fl_rv_400x300.jpeg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Love’s Travel Stops to invest $700 million in new locations, remodels </strong> </p> <p> <span> <br/> Love’s Travel Stops is focused on growth and reinvestment in 2026. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The travel store and convenience-store company, which has 668 locations in 42 states, plans to invest $700 million in building new locations and remodeling existing ones under its “Road Ahead Plan” strategy. Under this initiative, more than half of Love’s locations will be newly constructed or remodeled by 2035... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/loves-travel-stops-invest-700-million-new-locations-remodels?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGf8H36zhhVbkSo5fzux8fTqpwt4APxM95_DyFKBWP2vRZAReavDJQlK5kuVOiqUKymLQbYqgR-B_EUjBCRb4B1vGoNUqbCUZN5Yit5ENW6oJ-a" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-02-06+at+2.17.30-PM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Eddie Bauer, Francesca's seek last-minute buyers as they close nearly 600 stores </strong> <span> <br/> <br/> </span> </p> <p> <span> Two struggling U.S. retailers, Eddie Bauer and Francesca's, each filed for bankruptcy protection and plan to close their combined roughly 600 stores if they don't find last-minute buyers for their separate businesses. </span> </p> <p> <br/> </p> <p> <span> Bellevue, Washington-based Eddie Bauer, a supplier of outdoor apparel and gear, on Monday said it had commenced voluntary  </span> <a href="https://cases.stretto.com/EddieBauer" target="_blank"> Chapter 11 proceedings </a> <span>  in the U.S. Bankruptcy Court for the District of New Jersey. The company, with 175 stores in the United States and Canada, has drawn interest from two potential buyers for part of its operations, according to court filings. Eddie Bauer is looking to potentially use one of them as a stalking-horse bidder... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://www.costar.com/article/252834161/eddie-bauer-francescas-seek-last-minute-buyers-as-they-hold-liquidation-sales-across-hundreds-of-stores?utm_source%3Dnewsletter.credaily.com%26utm_medium%3Dnewsletter%26utm_campaign%3Dcongress-and-hud-align-on-supply-first-push-to-fix-housing-shortage%26_bhlid%3Df412f0a9920b726bc25333c6543fca20ad69a985&amp;source=gmail&amp;ust=1771072549007000&amp;usg=AOvVaw0G7QqomBsMbY1-UI8Zt8Qr" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE-Daily-Briefs-Images-2026-02-12T064056.073.webp" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Dollar Tree Expansion Targets Affluent Areas </strong> <span> <br/> <br/> </span> <span> Affluent Areas Attract Dollar Tree </span> </p> <p> <br/> </p> <p> <span> Dollar Tree is accelerating expansion into affluent neighborhoods, opening almost half of its new locations in higher-income  </span> <a href="https://www.bisnow.com/national/news/retail/dollar-tree-targets-affluent-shoppers-with-expansion-into-high-end-areas-of-the-us-133143" target="_blank"> ZIP codes </a> <span>  over the past six years, per Bisnow. The discount retailer reached a milestone in Plano, Texas, with its 9,000th store, symbolizing its shift toward wealthier, suburban markets. In 2025 alone, a quarter of new Dollar Tree stores launched in areas where median household incomes exceed $100K... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/dollar-tree-expansion-targets-affluent-areas/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=cre-debt-wave-eases-as-new-loan-activity-rebounds&amp;_bhlid=ec72e13870e15ca45228ed46fc41fe7fd48ecd9e" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Map_showing_store_openings_and_closing_in_January.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Family Dollar wipes out 82 stores </strong> <span> <br/> <br/> Family Dollar went through another round of heavy store closings in the month of January. The discount store shuttered 82 locations, according to the latest data provided by  </span> <a href="http://www.scrapehero.com/" target="_blank"> ScrapeHero </a> <span> . Texas had the highest number of store closings with 9 followed by Tennessee and Ohio, which had 8 apiece... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/new-stores/family-dollar-wipes-out-82-stores?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_02122026&amp;utm_campaign=69113&amp;utm_medium=email&amp;elq2=deeaf47224984bf981673b11fff20bc7&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Wonder.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Wonder Buys NYC Fast Casual Blue Ribbon Fried Chicken </strong> <span> <br/> <br/> </span> <span> Innovative food platform Wonder announced Tuesday that it has acquired Blue Ribbon Fried Chicken. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The fast casual’s menu—featuring fried chicken, wings, sandwiches, smashburgers, salads, and Tender Dogs (chicken tender on a hot dog bun)—will be offered at a Wonder location in New York City later this year. Other Wonder units will follow... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/wonder-buys-nyc-fast-casual-blue-ribbon-fried-chicken/?spMailingID=187480&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=187480" target="_blank"> Read Full Article... </a> </p> </div> Fri, 13 Feb 2026 13:05:09 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recape8ee8bc2 2026 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap51a7f6f6 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/DSC_0100.webp" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> Santa Monica's entertainment zone could expand throughout Downtown and into neighboring streets </strong> </p> <p> <span> <br/> Santa Monica officials are considering expanding the downtown Entertainment Zone, where patrons can carry alcoholic drinks while walking outdoors. The zone could grow from its current three-block area to encompass much of downtown after showing no increase in crime... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.smdp.com/santa-monicas-entertainment-zone-could-expand-throughout-downtown-and-into-neighboring-streets/?ref=smdp-daily-newsletter" target="_blank"> Read Full Article... </a> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE-Daily-Briefs-Images-2026-02-04T070244.139.webp" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Interest Rates Outlook Remains Steady for CRE Buyers </strong> </p> <p> <strong> <span>  </span> </strong> <span> <br/> </span> </p> <p> <span> The Federal Reserve kept interest rates steady, sparking speculation about sharp drops once Kevin Warsh becomes Fed chair, reports the Commercial Observer. In commercial real estate (CRE), many wonder if a new Fed approach could bring back ultra-low rates and boost property values. </span> </p> <p> <br/> </p> <p> <span> However, CRE depends more on the 10-Year US Treasury than short-term Fed actions. Inflation, fiscal policy, global capital flows, and risk premiums shape long-term Treasury yields. These factors go beyond Fed leadership and hold greater influence over market trends... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/interest-rates-outlook-remains-steady-for-cre-buyers/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=austin-multifamily-poised-for-a-turnaround-in-2026-after-prolonged-rent-declines&amp;_bhlid=e06259a1a31fcb54ca6b7e20226acc598ce5ed35" target="_blank"> ReadFull Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE_Daily_Breif_Image_4428085341.webp" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Cinema Industry Revival Spurs Premium Experience Growth </strong> <span> <br/> <br/> According to Bisnow, the US cinema industry is rebounding  </span> <a href="https://www.bisnow.com/national/news/retail/gen-z-romancing-movie-theaters-owners-upgrade-132961" target="_blank"> after years </a> <span>  of decline. Rising demand for premium large format screens and luxury dine-in theaters is driving this recovery. Christopher Nolan’s upcoming film Odyssey has fueled early interest. Imax 70mm tickets sold out months in advance and now resell for high prices. </span> </p> <p> <br/> </p> <p> <span> Although US movie screens declined 12% since 2020, the industry added locations in 2025. Screen count rose 2%, marking the first net growth in five years. Analysts credit this shift to a consumer focus on immersive, event-style viewing over standard multiplexes... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/cinema-industry-revival-spurs-premium-experience-growth/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=flight-to-quality-drives-u-s-commercial-property-pricing-trends&amp;_bhlid=f2d7975d9cfb72eb280d2a3ff2883209104bcf69" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE_Daily_Breif_Image_7349017247.webp" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Retail Rebound Drives Selective Conviction in Shopping Centers </strong> </p> <p> <span> <br/> Principal Asset Management reports that retail real estate is experiencing a  </span> <a href="https://www.principalam.com/us/insights/real-estate/retails-rebound-case-selective-institutional-conviction" target="_blank"> targeted resurgence </a> <span> , with institutional investors focusing on open-air shopping centers that meet strict quality standards. While the sector as a whole benefits from rising tenant demand and renewed importance of physical stores, only a small portion—roughly 6–10%—of available space meets the criteria for core, institutional investment... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/retail-rebound-drives-selective-conviction-in-shopping-centers/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=cre-development-injected-1-55-trillion-into-the-u-s-economy-in-2025&amp;_bhlid=8b5d9b71a2720a6f37df90b6c4fd507de2ffe9a1"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/shopping_center-06ec412a.jpg" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Store Expansion News: January update </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Retailers and restaurant chains alike kicked off 2026 by making headlines in January with store expansions and new formats. <br/> </span> </p> <p> <span> Here are the major stories as reported by Chain Store Age, starting with the most recent. </span> </p> <p> <span> <br/> </span> </p> <ul> <li> <span> Starbucks to open 150 to 175 U.S. stores in 2026; sees 'big' long-term opportunity The coffee giant expects to open approximately 600 to 650 net new cafes this year, including 150 to 175 U.S. company-operated stores and 450 to 500 international locations. China, Starbucks’ largest market outside of the U.S., comprises close to half of the international total... <br/> </span> </li> </ul> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/store-expansion-news-january-update-0?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGfwiSgNJr7_rjX8MCVyTG-F92sdMCMik5sfWHTPP_2v-qR5aek2KhTwlrDMlv4U0_Ga1fkVT9g7XKUVP8K1hprU8jIBvrB2MI9xCeT-Eb2wdI3" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_2582692551.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Americans spend big on ‘retail therapy;’ here’s on what and where... </strong> </p> <p> <span> <br/> The practice of “retail therapy” is alive and well, with Americans spending thousands a year to boost their mood. </span> </p> <p> <span> The average American makes </span> <strong>   </strong> <span> 107 retail therapy purchases per year, according to a new survey from CashNet USA, which defines retail therapy as the act of “shopping to relieve feelings like stress, boredom or frustration. Millennials (aged 29-44) make the most (160) amount of retail therapy purchases per year, with baby boomers making the least (39) amount... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://chainstoreage.com/americans-spend-big-retail-therapy-heres-what-and-where?utm_source%3Dswiftmail%26utm_medium%3Demail%26utm_campaign%3DCSA_NL_DayBreaker%26mkt_tok%3DODI1LUxTUC01NDUAAAGfwiSgM9ZK52V17-p0XHTi4BBJXa_3a62pVvQcmOtXdTcnqqsVA7IYVwaJYIbv2orH-KE4CZQMnlFJof6309QCQrgW8Admx5vw0fPnfNQZctTS&amp;source=gmail&amp;ust=1770478524741000&amp;usg=AOvVaw1sP4kspwQwe2Syc4i0aTMe" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-02-06+at+2.17.30-PM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Outdoor apparel retailer Eddie Bauer starts closing down its stores </strong> <span> <br/> <br/> </span> </p> <p> <span> Another chain has joined the list of retailers shutting stores this year as outdoor apparel seller Eddie Bauer has begun holding liquidation sales throughout its brick-and-mortar locations. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The Bellevue, Washington-based retailer, with roughly </span> <span>   </span> <span> 180 locations in the United States and Canada, has kicked off store-closing sales across the nation. Catalyst Brands, which operates the Eddie Bauer stores, is preparing to file for Chapter 11 for the chain, as  </span> <a href="https://octus.com/resources/articles/eddie-bauer-stores-entity-preparing-to-file-represented-by-kirkland/" target="_blank"> first reported </a> <span>  in early January by Octus and later by WWD... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://www.costar.com/article/772193850/outdoor-apparel-retailer-eddie-bauer-starts-closing-down-its-store-fleet?utm_source%3Dnewsletter%26utm_medium%3Demail%26utm_campaign%3Dpersonalized%26utm_content%3Dp3%26t%3DeyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc3MDMxMjgxN30.9Gw9H60AsJybrTCi9d0PMlQ39NX4sZYi8xt8cy6fEHQ&amp;source=gmail&amp;ust=1770478524741000&amp;usg=AOvVaw05Ncdmvm7WmYLb6MdL8a4T" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-02-06+at+2.18.58-PM.png" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Here are the grocers that could take over Amazon Fresh’s soon-to-close space </strong> </p> <p> <span> <br/> When a retail chain closes scores of stores across the United States, commercial real estate professionals at one time used to worry about filling that vacant space quickly. But now they say there’s no lack of expanding supermarket chains that could occupy the roughly five dozen Amazon Fresh grocery stores the e-commerce giant is closing, though there is a twist involved... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://www.costar.com/article/855324669/here-are-the-grocers-that-could-take-over-amazon-freshs-soon-to-close-space?utm_source%3Dnewsletter%26utm_medium%3Demail%26utm_campaign%3Dpersonalized%26utm_content%3Dp1%26t%3DeyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc3MDMxMjgxM30.EOwYgE3m4jY1c_T2gAmPxF8sCHSeUK535j2cX0jCKgE&amp;source=gmail&amp;ust=1770478524741000&amp;usg=AOvVaw30yhmFGaAwA80Sb_xj5oVl" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE_Daily_Breif_Image_5905088844.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Retail Giant Walmart Hits $1 Trillion Milestone </strong> </p> <p> <span> <br/> Walmart reached a major milestone this week, topping a $1 trillion market capitalization for the first time. Chain Storage reports that the  </span> <a href="https://chainstoreage.com/news-briefs/2026-02-02?article=cullinan-properties-name-new-cfo" target="_blank"> company’s stock </a> <span>  has risen over 24% in the past year, supported by strong digital business growth and expanding market share. John Furner recently took over as CEO, marking a leadership transition as the retailer continues its upward trajectory... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/retail-giant-walmart-hits-1-trillion-milestone/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=investor-appetite-for-apartments-surges-even-as-rent-demand-slumps&amp;_bhlid=fcee982f31710d04bbfedff41e3f74bb69065a3b" target="_blank"> Read Full Article... </a> </p> </div> Fri, 06 Feb 2026 19:18:43 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap51a7f6f6 2026 thumbnail main image https://www.marcperlof.com/retail-real-estate-2026-why-some-properties-stay-strong-while-others-struggle <div data-rss-type="text"> <p> <span> Retail Real Estate 2026: Why Some Properties Stay Strong While Others Struggle </span> </p> <p> <span> <br/> By Marc Perlof | MarcRetailGuy <br/> <br/> </span> </p> <p> <span> February 2, 2026 </span> </p> <p> <span> <br/> If you own retail real estate, here is what just changed. </span> </p> <p> <span> <br/> Retail real estate in 2026 is no longer one market. It has split into clear winners and clear losers. Owners who understand this are protecting value. Owners who do not are feeling pressure. </span> </p> <p> <span> <br/> The biggest change is how people spend money when things feel uncertain. Interest rates are higher. Costs are up. Households are more careful. <br/> That shift shows up first at the property level. </span> </p> <p> <span> <br/> Some retail feels stress faster than others. Lifestyle centers, nightlife areas, entertainment districts, and tourist retail depend on optional spending. When people cut back, visits drop. Sales slow. Tenants push back on rent. Vacancies last longer. This is not a crash. It is a pressure issue tied to spending people can delay. </span> </p> <p> <span> <br/> Other retail performs differently. Grocery anchored centers, pharmacies, medical and dental, quick-service food, auto service, and personal care are built around daily habits. People cut wants before needs. That makes income steadier and easier to support in a cautious market. </span> </p> <p> <span> <br/> Recent retail market reports show this split clearly. National retail vacancy stayed fairly stable through late 2025, mostly in the mid-5 percent to high-6 percent range, with necessity-based centers performing better than discretionary locations¹. Leasing slowed in 2025, with longer decision times and more rent pushback, especially from non-essential tenants². Buyers are still active, but they are more careful. They now focus on tenant quality, lease length, and operating costs more than rent growth³. </span> </p> <p> <span> <br/> <br/> <br/> <br/> What retail owners should focus on right now </span> </p> <p> <span> <span> • </span> </span> <strong> Daily-needs tenants reduce risk. </strong> <span> <span> Properties with grocery, medical, pharmacy, and quick-service food see more stable rent and fewer concession requests. That helps protect sale price and lender support in slower markets¹. </span> </span> </p> <p> <span> <br/> • </span> <strong> Grocery-anchored centers sell faster. </strong> <span> <span> Buyers still want these assets because traffic is predictable and costs are easier to pass through. These deals tend to fall apart less often³. </span> </span> </p> <p> <span> <br/> • </span> <strong> Discretionary retail carries pricing risk. </strong> <span> <span> Properties tied to optional spending face longer vacancies, rent resistance at renewal, and wider gaps between buyer and seller pricing. Waiting too long to adjust can hurt value, not just cash flow². </span> </span> </p> <p> <span> <br/> One thing is becoming clear in early 2026. The market is not pricing retail as one category anymore. It is pricing risk. Two properties with the same income can be worth very different amounts based on tenant mix, lease terms, and rising expenses. Owners who understand this protect equity. Others only see the gap after a buyer or lender points it out. </span> </p> <p> <span> <br/> The takeaway is simple. Retail real estate in 2026 is about quality, not hype. Stable income matters. Lease terms matter. Tenant mix matters. Insurance and operating costs matter. </span> </p> <p> <span> <br/> Owners who match strategy to how their tenants actually perform stay in control. Owners who rely on old assumptions end up reacting. </span> </p> <p> <span> <br/> If you want a clear, property-specific review of how buyers and lenders would view your retail asset today, I can prepare a short market positioning summary. No templates. No guesses. Just how your property would really trade in this market. </span> </p> <p> <span> <br/> Ask yourself this. Is your property built around spending people can delay, or spending they rely on every week? </span> </p> <p> <span> <br/> #RetailRealEstate2026 #RetailMarketOutlook #EssentialServicesRetail #GroceryAnchoredRetailCenters #DiscretionaryRetailProperties </span> </p> <p> <span> <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <strong> Disclaimer </strong> </p> <p> <span> This post is for information only. It is not legal, tax, or financial advice. Always check with a licensed professional before making decisions. </span> </p> <p> <span> <br/> </span> </p> <p> <strong> <br/> Footnotes </strong> </p> <p> <span> <br/> </span> </p> <p> <a href="https://www.bls.gov/bls/shutdown.htm" target="_blank"> ¹ </a> <a href="https://www.bls.gov/bls/shutdown.htm" target="_blank"> CBRE, U.S. Retail MarketView Q4 2025, reporting period: Q4 2025 </a> <span> <br/> </span> <a href="https://www.bls.gov/bls/shutdown.htm" target="_blank"> ² </a> <a href="https://www.bls.gov/bls/shutdown.htm" target="_blank"> Colliers, U.S. Retail Outlook 2026, published December 2025 </a> <span> <br/> </span> <a href="https://www.bls.gov/bls/shutdown.htm" target="_blank"> ³ </a> <a href="https://www.bls.gov/bls/shutdown.htm" target="_blank"> JLL, Retail Investment Outlook 2026, published January 2026 </a> <a href="https://www.bls.gov/bls/shutdown.htm" target="_blank"> <br/> </a> <span> <br/> <br/> </span> </p> <p> <span> <br/> </span> </p> <p> <span> <br/> </span> </p> <p> <span> © 2026 Marc Perlof Group. All rights reserved. </span> <span> <br/> </span> <span> <br/> </span> </p> </div> Mon, 02 Feb 2026 17:34:51 GMT https://www.marcperlof.com/retail-real-estate-2026-why-some-properties-stay-strong-while-others-struggle 2026 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap6a06038d <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/smoothie_king-834615e3.jpg" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> Smoothie King plots 90-plus new openings for 2026 </strong> <span> <br/> <br/> The world’s largest smoothie franchise isn’t planning on slowing down its growth after a strong 2025. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <a href="https://chainstoreage.com/company/smoothie-king" target="_blank"> Smoothie King </a> <span>  says it plans to open more than 90 new store openings in 2026, in addition to launching a targeted franchisee incentive program spanning several key states, including Arizona, Illinois, Massachusetts, Michigan, Pennsylvania, Virginia and more. Through the program, Smoothie King says it is offering financial incentives to “growth-minded franchisees,” designed to accelerate brand awareness and density in these markets... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/smoothie-king-plots-90-plus-new-openings-2026?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGfqGT_A1hTGii_sPPYsDB9-Lf8hDjOTjYPIZg0cENT6-0oC5zR0uKhFU_8QJIhg84tdZI-pm0Ao4pgOnC4kSu8X2USs03U5e_59ivc3b-57H3E" target="_blank"> Read Full Article... </a> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/pexels-noviana-28670064-1536x1229.webp" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Whole Foods Expansion Boosted by Amazon Store Conversions </strong> <span> <br/> <br/> </span> </p> <p> <span> Amazon is making a decisive shift in its grocery division, announcing plans to shutter its Amazon Fresh supermarkets and Amazon Go convenience stores. Select locations from  </span> <a href="https://www.cnbc.com/2026/01/27/amazon-fresh-go-supermarkets-whole-foods-convert.html" target="_blank"> these chains </a> <span>  will be repurposed as new Whole Foods Market stores, per CNBC. This move represents the latest in a series of strategic adjustments to grow Amazon’s presence in the US grocery market... </span> <span> <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/whole-foods-expansion-boosted-by-amazon-store-conversions/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=cre-deal-activity-surges-to-close-out-2025-even-without-the-data-center-boost&amp;_bhlid=c69723fe02abfb130bc4079517ce8e0637bb1fa6" target="_blank"> ReadFull Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/fatburger-7-1.jpg" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> FAT Brands Enters Bankruptcy Amid Debt Struggles </strong> <span> <br/> <br/> FAT Brands filed for bankruptcy on Monday as it seeks to restructure more than $1.4 billion in debt tied to an aggressive acquisition strategy, according to court documents. </span> </p> <p> <br/> </p> <p> <span> The filing includes FAT Brands, Twin Hospitality Group (parent of Twin Peaks and Smokey Bones), and dozens of affiliated entities. The company intends to continue operating normally while negotiating with lenders. Trading of FAT Brands’ shares will continue with a “Q” suffix, which signals the company is in bankruptcy proceedings and that the stock carries higher risk... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/fat-brands-enters-bankruptcy-amid-debt-struggles/?spMailingID=185683&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=185683" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/map.webp" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Metro approves underground rail line through the Sepulveda Pass </strong> <span> <br/> <br/> The Los Angeles County Metropolitan Transportation Authority Board of Directors has unanimously approved an all-underground heavy rail subway as the preferred route for the Sepulveda Transit Corridor, selecting a nearly 13-mile alignment designed to connect the San Fernando Valley with the Westside in under 20 minutes... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.smdp.com/metro-approves-underground-rail-line-through-the-sepulveda-pass/?ref=smdp-daily-newsletter"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-01-30+at+1.25.59-PM.png" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Paris Baguette plots big expansion for 2026 — and beyond </strong> <span> <br/> <br/> </span> </p> <p> <span> Paris Baguette is touting 2025 as its most successful year yet as it continued to expand its footprint of cafes. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The global bakery cafe chain opened 77 new stores last year, including a record of 14 in December alone. It also signed 101 new leases for future locations and signed nearly 300 development agreements... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/paris-baguette-plots-big-expansion-2026-and-beyond?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGfmPI9hVXA6mwfL_0RAKtbKTqvcz9nuJNE65RZOBKWbDWMv3DrKGY570VDVllGAiQPof1yBBuGB6ePXlDV7s63EFbzVLNUgMaOYQxvNsKLUAgQ" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/paymore_storefront.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> PayMore to open 90-plus stores in 2026 — here's where </strong> <span> <br/> <br/> </span> </p> <p> <span> PayMore has its sights set on continued growth in the new year. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The buy-sell-trade electronics franchise plans to open 96 new stores across the United States and Canada in 2026, an average of eight new openings per month (full list at end of article). Last year, PayMore reached  </span> <a href="https://chainstoreage.com/news-briefs/2025-09-15?article=paymore-hits-store-milestone-it-ramps-growth" target="_blank"> 100 stores </a> <span> , and the company has no plans of slowing down its expansion... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/paymore-open-90-plus-stores-2026-heres-where?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGfmPI9hc6al1Syr57MCZEZkEiyuerxxerQzYCX3XRh4K7s55671BKa5gQ0htpxInmjbPo3SgAuitwgaND8qUZulUzfrfXwqslj2IMkPDosB-x5" target="_blank"> Read FullArticle... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_2610612947.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Bain &amp; Co.: U.S. retail sales to grow 3.5% in 2026 </strong> <span> <br/> <br/> </span> </p> <p> <span> Retail sales growth will slow in the U.S., U.K., France and Germany in 2026. </span> </p> <p> <br/> </p> <p> <span> That’s according to Bain &amp; Company’s 2026 Global Retail Sales Outlook, which projects U.S. retail sales will grow 3.5% year over year in 2026, to $5.3 trillion, slightly down from estimated 4.0% growth in 2025. Volume growth will be modest, with inflation projected to hover between 2.6% and 3.0%... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://chainstoreage.com/bain-co-us-retail-sales-grow-35-2026?utm_source%3Dswiftmail%26utm_medium%3Demail%26utm_campaign%3DCSA_NL_DayBreaker%26mkt_tok%3DODI1LUxTUC01NDUAAAGfnhgoqnRsSobhJigwscrIJwMzqHM2eS7gH3wsoNUnpcq1gcPQHRMGucAOQ91HGHJ3I3dzWunZH-E17aO09IFqSrLAztvxig6GK_i8fA_Xt9_Z&amp;source=gmail&amp;ust=1769882637524000&amp;usg=AOvVaw3RQtq_DJdCngF7_ZgyMs2c" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/pexels-airamdphoto-12305697.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Retail Openings Edge Up as Closings Slow in 2026 </strong> </p> <p> <span> <br/> </span> </p> <p> <span> According to CoStar, despite early-year headlines about Macy’s, Saks Global, and Francesca’s  </span> <a href="https://www.costar.com/article/2021483104/us-store-openings-are-expected-to-see-an-uptick-this-year" target="_blank"> shuttering stores </a> <span> , US retail openings are set to tick upward in 2026. Industry analysts from Coresight Research and Telsey Advisory Group both forecast a modest increase in new store launches, with projections in the 1.4% to 4% range compared to last year. Store closings, while still significant, are expected to decelerate after a year that outperformed liquidation expectations... <br/> </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/retail-openings-edge-up-as-closings-slow-in-2026/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=build-to-rent-developers-emerge-as-winners-in-trump-s-housing-crackdown&amp;_bhlid=0bf7b1d7c888a3f65f8b786e87aee156841063a5" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-01-30+at+2.42.57-PM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> BJ’s opening three stores in January — including smaller-format concept </strong> <span> <br/> <br/> </span> </p> <p> <span> BJ’s Wholesale Club’s expansion plans for January include the opening of its second smaller-format location. </span> </p> <p> <span> The membership warehouse club retailer will open its second location under the BJ’s Market banner on Jan, 30, in Delray Beach, Fla. At 55,000 sq. ft., the store is about half the size of a BJ’s club. The smaller footprint is designed to offer a convenient grocery shopping experience featuring essential fresh foods, produce, sundries and seasonal products... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/bjs-opening-three-stores-january-including-smaller-format-concept?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGfqGT_A72ECM_7I_gquoaPbqpm9NX7gqPyNWATRJ3mzPWUllB7uU7wmBKQSediQp_vXq_pXGkayM-HOIIwGtGkQBvDF4xLf1G__H0TT-ioU3fX" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_234288547.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Target in big expansion of beauty — complete with new in-store experience </strong> <span> <br/> <br/> </span> </p> <p> <span> Target continues to expand and elevate its beauty profile. </span> </p> <p> <span> The retailer is expanding its assortment with nearly 3,000 new products, and more than 60 new brands. More than 90% of the items are priced under $20, according to  </span> <a href="https://chainstoreage.com/company/target-inc" target="_blank"> Target </a> <span> ... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2026-01-28?article=target-big-expansion-beauty-complete-new-store-experience" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/20251014_holiday_selects_009-1-1536x1024.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Starbucks upbeat; posts first U.S. comp sales growth in two years for Q1 </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Starbucks Corp.'s turnaround appears to be gaining increased momentum. </span> </p> <p> <span> The coffee giant reported its first quarter of North America and U.S. same-store sales growth in two years in the period ended Dec. 28. North America and U.S. comparable store sales rose 4%, driven by a 3% increase in comparable transactions and a 1% increase in average ticket... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/starbucks-upbeat-posts-first-us-comp-sales-growth-two-years-q1?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGfqGT_AsDSKWc0DXFHmNXjZ11civpnoZHmtLwEtY8FzoDHC6AvqqDW7DS08EcmYFz2J184zCCLOoPGjVBzgzh13D0JeRdxnebV45KYwSz0x8Lz" target="_blank"> Read Full Article... </a> </p> </div> Fri, 30 Jan 2026 19:46:13 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap6a06038d 2026 thumbnail main image https://www.marcperlof.com/retail-real-estate-in-2026-what-commercial-owners-need-to-know-right-now <div data-rss-type="text"> <p> <span> By Marc Perlof | MarcRetailGuy </span> </p> <p> <span> <br/> January 26, 2026 </span> </p> <p> <span> <br/> If you own retail real estate, here’s what just changed for you. </span> </p> <p> <span> <br/> 2026 is shaping up to be a year where retail property owners need to pay attention. Not to fear. Not to headlines. To real signals in the market. </span> </p> <p> <span> <br/> There is more global and domestic uncertainty right now. Conflicts overseas, trade tension, higher government debt, and political changes in the U.S. all affect interest rates, insurance markets, and investor behavior. This does not mean panic. It means owners need clear, reliable information. </span> </p> <p> <span> <br/> Here is where the retail market stands today. </span> </p> <p> <span> <br/> Local retail remained steady through late 2025. In Los Angeles County, vacancy ranged from about 5.6 to 6.9 percent in the second half of the year¹²³. That tells us demand is still healthy, even as some tenants adjust space needs or renew leases at new rent levels. </span> </p> <p> <span> <br/> Leasing activity slowed in some areas. Spaces are taking longer to fill, and asking rents softened slightly as owners and tenants reset pricing². This is a normal market adjustment, not a collapse. </span> </p> <p> <span> <br/> On the investment side, commercial real estate transactions increased nationally through mid 2025. Both the number of deals and total dollar volume rose, showing capital is still moving⁵. Buyers are active when pricing reflects today’s risks and returns. This is exactly what I am seeing in live pricing discussions and negotiations right now. </span> </p> <p> <span> <br/> Insurance remains one of the biggest issues for retail owners. Property insurance markets became more stable in 2025, and rate increases slowed in some areas. However, insurers are still selective. Coverage terms matter more than ever, especially for properties exposed to wildfire or coastal risk⁴. Insurance costs directly affect net income, lease negotiations, and buyer interest. </span> </p> <p> <strong> <br/> Retail Outlook for Q1 and Q2 2026 </strong> </p> <p> <span> In early 2026, the retail market is likely to stay steady but measured. Vacancy is expected to remain near current levels. Leasing will be deliberate, not rushed. Rents should hold close to where they ended in 2025 as owners and tenants continue to agree on realistic pricing. </span> </p> <p> <span> <br/> Capital will remain active for properties with solid income, strong tenant credit, and durable lease terms. Buyers are selective, but they are still moving forward when risk and return are properly aligned. </span> </p> <p> <span> <br/> Insurance markets will stay selective in the first half of 2026. Owners need to plan renewals carefully and understand how insurance affects operating costs, tenant negotiations, and future sale value. </span> </p> <p> <span> <br/> Here is a simple retail risk check for 2026: </span> </p> <p> <span> • Local vacancy around 6 percent, stable but uneven by location¹ </span> </p> <p> <span> • Leasing takes longer than peak years, making pricing discipline critical² </span> </p> <p> <span> • Capital remains active, but underwriting is conservative⁵ </span> </p> <p> <span> • Insurance coverage is improving in some areas, but terms still matter⁴ </span> </p> <p> <span> <br/> Not all retail performs the same. Discretionary-driven destinations like lifestyle centers, nightlife districts, and tourist-focused shopping streets feel more pressure when consumer spending slows. Retail that serves daily needs and essential services tends to perform better during uncertain cycles. </span> </p> <p> <span> <br/> The best strategy now is disciplined and data-driven. Focus on tenant credit strength. Protect lease term and income stability. Price based on real market data. Understand insurance risk clearly. This is how value is protected in changing markets. </span> </p> <p> <span> <br/> I help retail property owners position assets based on real tenant behavior and real buyer demand. Not headlines. </span> </p> <p> <span> <br/> Call or DM me if you want a clear view of how your retail property should be positioned for 2026. </span> </p> <p> <span> <br/> How will you adjust your leasing or investment strategy this year based on what the market is actually telling us? </span> </p> <p> <br/> </p> <p> <span> #RetailRealEstate #LosAngelesCRE #CommercialRealEstateOutlook #RetailInvestment #CRE2026 #MarcRetailGuy <br/> <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <strong> Disclaimer </strong> </p> <p> <span> This post is for information only. It is not legal, tax, or financial advice. Always check with a licensed professional before making decisions. </span> </p> <p> <span> <br/> </span> </p> <p> <strong> <br/> Footnotes </strong> </p> <p> <span> <br/> </span> </p> <p> <a href="https://www.bls.gov/bls/shutdown.htm" target="_blank"> ¹ </a> <span> <span> </span> </span> <a href="https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?field_tdr_date_value=2026&amp;type=daily_treasury_yield_curve&amp;utm" target="_blank"> Kidder Mathews, *Los Angeles Retail Market Report Q4 2025* </a> </p> <p> <a href="https://www.bls.gov/bls/shutdown.htm" target="_blank"> ² </a> <span> <span> Colliers, *Greater Los Angeles Retail Research Q3 2025* </span> </span> <span> <br/> ³ </span> <a href="https://www.federalreserve.gov/monetarypolicy.htm" target="_blank">   </a> <a href="https://www.federalreserve.gov/monetarypolicy.htm" target="_blank"> CBRE, *Los Angeles Retail Figures Q3 2025* </a> </p> <p> <span> ⁴ WTW, * </span> <a href="https://www.wtwco.com/en-us/insights/2025/10/insurance-marketplace-realities-2026%5d(https:/www.wtwco.com/en-us/insights/2025/10/insurance-marketplace-realities-2026" target="_blank"> Insurance Marketplace Realities 2026 </a> <span> * </span> </p> <p> <span> ⁵ Altus Group, * </span> <a href="https://www.altusgroup.com/insights/us-cre-transactions/%5d(https:/www.altusgroup.com/insights/us-cre-transactions/)" target="_blank"> US Commercial Real Estate Transaction Trends Q3 2025 </a> <span> * </span> </p> <p> <span> <br/> <br/> </span> </p> <p> <span> <br/> </span> </p> <p> <span> <br/> </span> </p> <p> <span> © 2026 Marc Perlof Group. All rights reserved. </span> <span> <br/> </span> <span> <br/> </span> </p> </div> Mon, 26 Jan 2026 10:05:41 GMT https://www.marcperlof.com/retail-real-estate-in-2026-what-commercial-owners-need-to-know-right-now 2026 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapb247db1a <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_2520113171.jpg" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> Circana: Retail closed 2025 with 2% dollar growth, flat unit demand </strong> <span> <br/> <br/> Total retail spending held steady once again in December as consumers continued to spend, but they also made it clear —through reduced demand — that they have limitations.  </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> That's one of the insights of a new study from  </span> <a href="https://chainstoreage.com/company/circana" target="_blank"> Circana </a> <span> , which revealed that, In the five weeks ending Jan. 3, 2026, U.S. retail sales revenue was flat across food, consumer packaged goods and discretionary product segments. Unit demand declined 1% during the five weeks of December compared to the same time in 2024... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/circana-retail-closed-2025-2-dollar-growth-flat-unit-demand?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGfeguOcZGhhc9Xsp7rml2YVl_lXcI5T7zGeFKY2HHpShGwn_f6NKFEYEVBfJINFKiPvHxmM2trP8WfsnAZ-XvE3SAmMqWUz7cdXvDJLgChI6DO" target="_blank"> Read Full Article... </a> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_2686193387.jpg" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Store brand sales hit new record highs in revenue and unit volume </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Private label sales continue to outperform national brands in the United States. </span> </p> <p> <span> Sales of store brands increased slightly more than $9 billion to a record $282.8 billion in all outlets last year compared to 2024, according to the Private Label Manufacturers Association’s new Circana Unify+ data... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/store-brand-sales-hit-new-record-highs-revenue-and-unit-volume?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGffzLKMXbgSJSIlsCylSYGttAzREcHA94R_dEY1EiuELv0Cs-bQd61AWDgbg50MV4ZWTzLTHhWXJFWBHPtOzyE22MIbwkx1T3vpHcIh8e-dp4l" target="_blank"> ReadFull Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE_Daily_Breif_Image_1953877855.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Retail Rents Shift Through Quiet Deal Changes </strong> </p> <p> <span> <br/> Globe St says that retail rents have begun to climb in  </span> <a href="https://www.globest.com/2026/01/20/quiet-deal-tweaks-are-repricing-retail-rents/" target="_blank"> practical terms </a> <span>  even when advertised base rent per PSF remains stable. Instead of simply increasing face rents, landlords are adjusting deal structures to pass more buildout responsibilities and costs to tenants. This shift, described as “shadow rent growth,” is most visible in high-demand A-quality suburban centers, where leasing competition remains intense... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/retail-rents-shift-through-quiet-deal-changes/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=cre-investment-outlook-for-2026-mirrors-2025-says-lasalle&amp;_bhlid=3b5a732c4e4b963214a7633b399dbb36a7a3f92a" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/iStock-2225391908.webp" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> 13 Restaurants Facing Potential Bankruptcy and Closure in 2026 </strong> </p> <p> <span> <br/> Throughout 2025, Americans voiced concerns about affordability, yet costs kept climbing. Now, diners face difficult decisions about their eating-out budgets. </span> </p> <p> <span> When restaurant spending gets squeezed, businesses feel the impact. According to Finance Bizz, the following 13 chains face serious bankruptcy risks or potential closures in 2026. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://eurweb.com/restaurants-bankruptcy-closure-2026/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/winn-dixie_store_front_2026.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Southeastern Grocers rebrands as The Winn-Dixie Company </strong> </p> <p> <span> <br/> </span> </p> <p> <span> A century-old regional grocery company has started a new chapter. </span> </p> <p> <span> Southeastern Grocers on Jan. 21 officially became The Winn-Dixie Company, uniting its organization and its stores under one banner. The move, first announced in October, is part of a renewed focus on the company’s home state of Florida... <br/> </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/southeastern-grocers-rebrands-winn-dixie-company?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGfhFg6zuSN0tbOq6z8HNO5XBrQOVsZxRc8ICzD6QR7mJvyUbTy-jXIWCwBXnEqS9MSyxlfKICoRRP6ACYqyCA4f90LPjyAbBHQCGorp7kGA636" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/MICHAELS__The_Party_Shop.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> At Michaels, taking Party City and Joann’s market share was priority No. 1 </strong> <span> <br/> <br/> </span> </p> <p> <span> Almost a year into David Boone’s tenure as CEO, the executive is giving a glimpse into Michaels’ future in a post-Party City and Joann world. </span> </p> <p> <span> “When [CFO Perry Pericleous] and I got here, as we worked on the strategy, the first thing that we concluded was there was tremendous disruption in the marketplace with the exit of Joann Fabric and the exit of Party City — and that job one was to go after that,” Boone said at the ICR Conference last week. “In the last six-seven months, we have introduced a Party Shop by Michaels in every single store in our fleet, and we’ve introduced the Knit &amp; Sew Shop in every single store in our fleet...” <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/southeastern-grocers-rebrands-winn-dixie-company?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGfhFg6zuSN0tbOq6z8HNO5XBrQOVsZxRc8ICzD6QR7mJvyUbTy-jXIWCwBXnEqS9MSyxlfKICoRRP6ACYqyCA4f90LPjyAbBHQCGorp7kGA636" target="_blank"> Read Full </a> <a href="https://www.retaildive.com/news/michaels-ceo-taking-party-city-joann-bankruptcy-market-share/809907/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Issue:%202026-01-21%20Retail%20Dive%20Newsletter%20%5Bissue:80900%5D&amp;utm_term=Retail%20Dive" target="_blank"> Article </a> <a href="https://chainstoreage.com/southeastern-grocers-rebrands-winn-dixie-company?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGfhFg6zuSN0tbOq6z8HNO5XBrQOVsZxRc8ICzD6QR7mJvyUbTy-jXIWCwBXnEqS9MSyxlfKICoRRP6ACYqyCA4f90LPjyAbBHQCGorp7kGA636" target="_blank"> ... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Denny-s_0.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Denny's completes $620M sale following shareholder OK </strong> <span> <br/> <br/> </span> </p> <p> <span> Denny’s stock is officially off the market. </span> </p> <p> <span> The diner chain on Friday completed its sale to a group consisting of TriArtisan Capital Advisors, franchisee Yadav Enterprises and Treville Capital Group, making it a privately held company again for the first time since 1997... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.restaurantbusinessonline.com/financing/dennys-completes-620m-sale-following-shareholder-ok" target="_blank"> Read Full Article... </a> </p> </div> Fri, 23 Jan 2026 17:49:17 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapb247db1a 2026 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap70a75232 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/tractor_supply_2400th_store.jpg" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> Tractor Supply hits store milestone; 100 new locations slated for 2026 </strong> <span> <br/> <br/> Tractor Supply Company has already kicked off its 2026 expansion plans. </span> </p> <p> <span> The nation’s largest rural lifestyle retailer opened its 2,400th location with a new store in Aiken, S.C., which marks one of our stores set to open in the first two weeks of the year. Tractor Supply said it plans to open 100 new locations by the end of the year... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2026-01-12?article=tractor-supply-hits-store-milestone-100-new-locations-slated-2026" target="_blank"> Read Full Article... </a> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-01-16+at+11.31.21-AM.png" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Aldi plans 180 new stores this year, adding to aggressive US expansion </strong> <span> <br/> <br/> </span> </p> <p> <span> Aldi plans to open more than 180 new stores by the end of this year as the German discount grocer continues aggressive expansion following a record number of U.S. openings last year. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> On Monday, the company announced a new growth phase that will include entering Colorado and Maine, opening three new distribution centers and continuing a Southeast expansion as part of a previously announced $9 billion growth initiative... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1512758845/aldi-plans-180-new-stores-this-year-adding-to-aggressive-us-expansion?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p2&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc2ODQ4NTg3MH0.PxLfstQ5WyELqhUPochdvsA2_0BXRuFp7sqkDKLU4tI" target="_blank"> ReadFull Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE_Daily_Breif_Image_3853763226.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Retail Sector Strength Surges in 2025 </strong> <span> <br/> <br/> According to Globe St, the retail sector finished 2025 with its best fundamentals in recent years, buoyed by record-breaking holiday consumer activity and limited new retail supply. Crexi’s December CRE report highlights a surge in consumer spending from Thanksgiving through Cyber Monday, with over 202.9M shoppers and a Cyber Monday online sales record of $14.25B—up 7.1% year-over-year. Black Friday sales also saw robust 9.1% growth, reaching $11.8B... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/retail-sector-strength-surges-in-2025/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=corporate-bond-surge-crowds-out-treasuries-raising-rate-pressure&amp;_bhlid=ca4aeff7b7aa87bc8b8937883b183a58f409dd43" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-01-16+at+11.35.04-AM.png" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Saks Global files for Chapter 11 with vow to evaluate its store footprint </strong> <span> <span>  </span> </span> </p> <p> <span> It was a blockbuster $2.7 billion merger that united some of the most iconic names in luxury retail under one roof, creating a brick-and-mortar luxury giant. But just over a year later, the deal has turned sour and landed the consolidated company in bankruptcy court, with plans to evaluate its brick-and-mortar footprint... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1361699986/saks-global-files-for-chapter-11-with-vow-to-evaluate-its-store-footprint?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=industrial-sales-hit-68b-as-investors-navigate-a-divided-market&amp;_bhlid=2bce2a97bfcc8fb9e464f6714fa06c8e5bc4d3ea"> Read Full Article... </a> </p> </div> Fri, 16 Jan 2026 16:36:56 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap70a75232 2026 thumbnail main image https://www.marcperlof.com/my-post9d99b5a0 <div data-rss-type="text"> <p> <span> By Marc Perlof | MarcRetailGuy <br/> <br/> </span> </p> <p> <span> January 12, 2026 </span> </p> <p> <span> <br/> If you own commercial real estate, here’s what just changed for you. </span> </p> <p> <span> <br/> A rate cut by the Federal Reserve and even the prospect of a new Fed Chair are topics of increasing discussion. When they hear it, many commercial property owners believe that borrowing costs will decrease and property values will increase. That is just partially accurate. You need to understand the distinction between the fed funds rate and the 10-year Treasury to understand the true effect of interest rates on commercial real estate. </span> </p> <p> <span> <br/> One short-term rate that the Federal Reserve controls is the fed funds rate. Short-term loans, credit cards, and bank lending are all impacted. The yield on a 10-year Treasury bond is a market rate. It reflects global demand for safe assets, government debt levels, and long-term inflation expectations. Interest rates and commercial real estate cap rates are significantly more correlated with the yield on the 10-year Treasury bond than with the fed funds rate. </span> </p> <p> <span> <br/> Even as markets discuss potential rate decreases, the 10-year Treasury yield is currently in the low to mid-4 percent area based on data from late 2025 and early 2026¹. That gives us some crucial information. Long-term rates are not automatically lowered by a Federal Reserve rate cut. </span> </p> <p> <span> <br/> Why is this important for owners of commercial real estate? Because long-term rates, not headlines, determine cap rates. If the Fed lowers rates in response to a real economic slowdown and inflation remains under control, the 10-year Treasury yield may decline and support values. If the cut is perceived as premature or driven by political pressure, long-term rates may remain high or even rise, keeping cap rates elevated. </span> </p> <p> <span> <br/> Owners who price assets assuming that fed rate cuts automatically increase values risk chasing the market down. Buyers are underwriting off the 10-year Treasury, not press releases. Understanding this gap is often the difference between trading at market pricing and sitting unsold. </span> </p> <p> <span> <br/> The market has also been confused by recent Fed actions. To stabilize deposits and reduce stress, the Fed added liquidity to the banking system. This was not quantitative easing. It was not money printing. It was temporary support. As a result, it helped prevent panic but did not guarantee cheaper long-term financing for property owners². </span> </p> <p> <span> <br/> Key takeaways supported by non-fiction research </span> </p> <ul> <li> <span> The 10-year Treasury yield is set by markets, not by Fed announcements alone³ </span> </li> <li> <span> Long-term rates reflect inflation expectations and Treasury supply, not just policy rates¹ </span> </li> <li> <span> Commercial real estate cap rates and interest rates tend to move with the 10-year, not the fed funds rate³ </span> </li> </ul> <p> <span> <br/> Here are a few verified data points to ground this discussion. As of Q4 2025, the 10-year Treasury yield traded in a roughly 4.0 to 4.5 percent range according to U.S. Treasury and Federal Reserve data¹. Core inflation measures in late 2025 remained above the Fed’s 2 percent target, generally in the mid-2 percent range depending on the index and reporting month, which helps explain why long-term rates remain sticky². Commercial and commercial mortgage pricing continues to be quoted at a spread over the 10-year Treasury, reinforcing its importance for cap rates and interest rates³. </span> </p> <p> <span> <br/> For commercial real estate owners, the lesson is simple. Do not base decisions on fed funds headlines alone. Watch the 10-year Treasury yield, debt spreads, and lender behavior. That is where real pricing and value signals come from. </span> </p> <p> <span> <br/> If you own commercial real estate and are deciding whether to sell, refinance, or hold, now is the time to look past the noise and focus on how long-term rates are actually behaving. Reach out if you want a pricing or exit strategy built around where long-term rates are, not where headlines say they should be. </span> </p> <p> <span> <br/> If the Fed cuts rates but the 10-year Treasury stays high, how does that change your pricing expectations and exit strategy? </span> </p> <p> <span> <br/> #CommercialRealEstate #InterestRates #CapRates #CommercialRealEstate #MarketInsight <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <strong> Disclaimer </strong> </p> <p> <span> This post is for information only. It is not legal, tax, or financial advice. Always check with a licensed professional before making decisions. </span> </p> <p> <span> <br/> </span> </p> <p> <strong> <br/> Footnotes </strong> <span> <br/> </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://www.bls.gov/bls/shutdown.htm" target="_blank"> ¹ </a> <span> <span> </span> </span> <a href="https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?field_tdr_date_value=2026&amp;type=daily_treasury_yield_curve&amp;utm" target="_blank"> U.S. Department of the Treasury, Daily Treasury Yield Curve Rates, Q4 2025 to early 2026 reporting period. </a> </p> <p> <a href="https://www.bls.gov/bls/shutdown.htm" target="_blank"> ² </a> <a href="https://www.bls.gov/bls/shutdown.htm" target="_blank"> U.S. Bureau of Labor Statistics, Consumer Price Index and Core Inflation Measures, 2025 reporting period. </a> </p> <p> <span> <span> ³ </span> </span> <a href="https://www.federalreserve.gov/monetarypolicy.htm" target="_blank"> Federal Reserve Bank publications and commercial mortgage market commentary, 2025 reporting period. </a> </p> <p> <span> <br/> </span> </p> <p> <span> <br/> </span> </p> <p> <span> <br/> </span> </p> <p> <span> <br/> </span> </p> <p> <span> © 2025 Marc Perlof Group. All rights reserved. </span> <span> <br/> </span> <span> <br/> </span> </p> </div> Mon, 12 Jan 2026 12:34:57 GMT https://www.marcperlof.com/my-post9d99b5a0 2026 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap652b1770 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-01-09+at+7.07.45-AM.png" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Net Lease Cap Rates Stabilize as Market Focus Shifts to Risk Over Rates </strong> <span> <br/> <br/> The net lease market barely budged in Q4, but beneath the surface, investors are repricing around risk—not the Fed. </span> </p> <p> <span> Cap rates hold steady: In Q4, single-tenant net lease cap rates rose just one bp to 6.81%. Retail dipped to 6.55%, office climbed to 8.00%, and industrial held at 7.20%. Despite Fed rate cuts, pricing remained steady, signaling a break from short-term policy influence... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/newsletters/national/issue/net-lease-cap-rates-stabilize-as-market-focus-shifts-to-risk-over-rates/" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/4200+century+3.jpg" alt="A blurry picture of a clothing store with clothes on display."/> </a> </div> <div data-rss-type="text"> <p> <strong> 13-story hotel gets green-light at 4200 Century Blvd. in Inglewood </strong> </p> <p> <span> <br/> The City of Inglewood has signed off on a project which would replace the 135-room Tradewinds Hotel on Century Boulevard with a larger mixed-use building. </span> </p> <p> <span> <br/> </span> </p> <p> <span> Gregory Peck of Beverly Hills-based Crescent Hotel Group, the applicant attached to the project at 4200 W. Century Boulevard, has proposed the construction of a 13-story, 335,000-square-foot building containing: </span> </p> <ul> <li> <span> 11 condominiums on floors 9-12; </span> </li> <li> <span> 118 extended stay hotel rooms on floors 7-12; </span> </li> <li> <span> 175 hotel rooms on floors 3-6; and </span> </li> <li> <span> event space, a lobby, a bar, and restaurant space on floors 1-2. <br/> </span> </li> </ul> </div> <div data-rss-type="text"> <p> <a href="https://la.urbanize.city/post/13-story-hotel-gets-green-light-4200-century-blvd-inglewood" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE_Daily_Breif_Image_4069525760.webp" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> Retail Leasing Strategies Evolve in Uncertain Economy </strong> <span> <br/> <br/> According to Globe St, retailers are moving away from traditional, long-term leasing models in response to a dynamic economic landscape. Rather than treating retail leases as static occupancy costs, companies are viewing them as strategic tools to maximize flexibility and bargaining power. The approach allows retailers to better respond to everything from changing consumer trends to broader financial pressures... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/retail-leasing-strategies-evolve-in-uncertain-economy/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=gse-cap-hike-could-be-a-tailwind-for-multifamily-investors&amp;_bhlid=008ccbae3987cd90ccab5fd2921dabe2c13214d5" target="_blank"> Read Full Article... </a> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/shopping_center-b85c411f.jpg" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Store Expansion News: December update </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Retailers and restaurants alike made headlines to close out 2025 in December with store expansions and new formats. </span> </p> <p> <span> Here are the major stories as reported by Chain Store Age, starting with the most recent. </span> </p> <ul> <li> <strong> Report: Barnes &amp; Noble to open 60 stores in 2026  </strong> <span> The bookseller plans to open 60 new locations across the country in 2026, reported USA Today. According to a list obtained by the publication, Barnes &amp; Noble plans to open stores in Ohio, Texas, Florida, Illinois, Colorado, Washington state, California, Virginia, Georgia and Washington D.C., with "several openings" scheduled between now and June 2026... </span> </li> </ul> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/store-expansion-news-december-update-0?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGfMfLdciNqwpyHXpQC9eryT6CylmSjRnNNBLLzJJQMrLT6JohMdiMjQdPxiKxUblp6c0gdv3bPuJYjTSXMJY4qvsgHWQRStbNshjReZzUAjaN9" target="_blank"> ReadFull Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/A_Kroger_sign_on_a_store.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Kroger is ready to grow again in Houston area </strong> <span> <br/> <br/> Kroger’s only activity in the Houston area over the past few years has involved store closings and some remodels, but that is about to change. </span> </p> <p> <br/> </p> <p> <span> The Cincinnati-based grocer plans to open several stores in the Houston area and continue remodeling existing locations, according to the  </span> <span> Houston Business Journal </span> <span> . </span> </p> <p> <br/> </p> <p> <span> Kroger did not respond to a request for comment. </span> </p> <p> <br/> </p> <p> <span> Five Houston-area Kroger stores closed in 2025. During that time, the grocer combined its Houston and Dallas divisions to form a new Texas Division... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://www.supermarketnews.com/new-stores/kroger-is-ready-to-grow-again-in-houston-area?utm_rid%3DCPG06000019360528%26_mc%3Dem_SN_News_SN%2520Daily%2520News%2520Updata_News_NL_01062026%26utm_campaign%3D68636%26utm_medium%3Demail%26elq2%3Dbb6b958eaabb482e8dc7f7d876060e08%26sp_eh%3D8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb&amp;source=gmail&amp;ust=1768046186449000&amp;usg=AOvVaw30LTuN_Nf2SotUBjIAye80" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-01-09+at+8.16.02-AM.png" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Benihana plans to get bigger, faster in San Francisco Bay Area following success </strong> </p> <p> <br/> </p> <p> <span> Benihana, the Japanese restaurant chain known for its teppanyaki dining style, is plotting an expansion in the San Francisco Bay Area. </span> </p> <p> <br/> </p> <p> <span> The brand’s parent, publicly traded Denver-based One Group Hospitality Inc., signed a seven-year deal with an “experienced operator” to open 10 Benihana locations around the region, including three Benihana franchises, two Benihana joint-venture locations and five Benihana Express outlets... </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1847660157/benihana-plans-restaurant-expansion-in-san-francisco-bay-area-following-success?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=net-lease-cap-rates-stabilize-as-market-focus-shifts-to-risk-over-rates&amp;_bhlid=4c0426407dd3a9d8f7fe46ec1dffba73d75f4cc8"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/clothes-choice-in-clothing-store-nobody-2026-01-06-09-10-37-utc-scaled.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Retail Media Platforms Redefine Store Strategy </strong> </p> <p> <strong> <span>  </span> </strong> <span> <br/> </span> </p> <p> <span> Retail spending trends remain surprisingly robust, with holiday-period sales increasing by around 4% year-over-year, according to Mastercard and Visa data. However, Globe St reports that once inflation is accounted for, this growth flattens, revealing that Americans are spending more dollars but not necessarily purchasing more goods. These trends come amid declining consumer sentiment since April 2024, underscoring growing uncertainty in the retail sector... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://www.credaily.com/briefs/retail-media-platforms-redefine-store-strategy/?utm_source%3Dnewsletter.credaily.com%26utm_medium%3Dnewsletter%26utm_campaign%3Dwashington-d-c-turns-office-surplus-into-housing-boom%26_bhlid%3D8b65c65ed44467527433802991a2d291c30dee30&amp;source=gmail&amp;ust=1768046186449000&amp;usg=AOvVaw3NIC6KYX97qBqBOvboNllc" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE_Daily_Breif_Image_8259064464.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Underwriting Standards Tighten for 2026 Refinancings </strong> <span> <br/> </span> </p> <p> <span> According to Globe St, commercial real estate lending in 2026 is shaping up as a ‘sorting year,’ with banks, CMBS, and private credit outlets applying far tougher underwriting standards. The backdrop: higher-for-longer rates, mounting maturities, and a thirst for strong sponsorship and financeable assets. </span> </p> <p> <span> <br/> </span> </p> <p> <span> According to Trepp’s research, deals supported by robust cash flow and experienced sponsors are passing the new underwriting hurdles. Marginal assets, particularly those with optimistic past assumptions, face stricter debt service coverage requirements and heightened scrutiny... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/underwriting-standards-tighten-for-2026-refinancings/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=2026-underwriting-tightens-as-lenders-get-ruthless-about-refinancing&amp;_bhlid=9637ccfc72abb2493779fc3703b1a548a73278d4" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-01-09+at+8.30.04-AM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Grocers lift North Texas to nation’s top market for new retail construction </strong> </p> <p> <span> <br/> The Dallas-Fort Worth region is the nation’s top market for new retail construction, spurred by an ever-growing number of grocers seeking to capitalize on people moving to Texas. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> North Texas has 7.6 million square feet of new retail projects in the pipeline — roughly twice the amount of the No. 2 U.S. market, which is Phoenix with 3.6 million square feet, according to CoStar’s latest data... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/789329158/grocers-lift-north-texas-to-nations-top-market-for-new-retail-construction?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p8&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc2Nzg5MjgwNn0.7CiaVX_iNn5eKJocFjESnrTVLRSPdZD5ARJLziVDDJo" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/jollibeechicken.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Jollibee’s International Business Could Go Public in U.S. </strong> <span> <br/> <br/> Jollibee Foods Corporation (JFC) announced plans to spin off its international business and take it public on a U.S. securities exchange, according to a filing with the Philippine Stock Exchange. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The company said in a news release that it’s working with international and local advisors on defining the structure and timing of the separation and upcoming U.S. listing. The transaction is expected to occur in late 2027. JFC acknowledged that the strategy could change and there is no assurance an actual separation will occur... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/jollibees-international-business-could-go-public-in-u-s/?spMailingID=183756&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=183756" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/saladandgobowls.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Salad and Go to Close 32 Stores, Exit Texas and Oklahoma Markets </strong> <span> <br/> <br/> Salad and Go, once a fast-rising drive-thru chain, announced the impending closure of 32 restaurants. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The brand is exiting its Texas and Oklahoma markets, which house 25 and seven stores, respectively. Going forward, Salad and Go will shift focus toward its Arizona and Nevada trade areas. </span> </p> <p> <br/> </p> <p> <span> The news comes after the chain announced in September the closure of 41 restaurants across Texas... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://www.qsrmagazine.com/story/salad-and-go-to-close-32-stores-exit-texas-and-oklahoma-markets/?spMailingID%3D183756%26puid%3D2594436%26E%3D2594436%26utm_source%3Dnewsletter%26utm_medium%3Demail%26utm_campaign%3D183756&amp;source=gmail&amp;ust=1768046186449000&amp;usg=AOvVaw0EK9W5rlpolPUEEbV6dJMm" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/gamestop-int_1.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> GameStop reportedly closing up to 200 stores </strong> <span> <br/> <br/> </span> <span> GameStop continues to shrink its brick-and-mortar portfolio. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The struggling video game retailer revealed in a December 2025 Securities and Exchange filing that it planned to close a "significant number of additional stores" during the rest of its 2025 fiscal year, which ends on Jan. 31, 2026. Although GameStop has not disclosed the exact number of stores planned for closure, reports from local media and customer notices indicate that up to 200 stores could go dark... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2026-01-07?article=gamestop-reportedly-closing-200-stores" target="_blank"> Read Full Article... </a> </p> </div> Fri, 09 Jan 2026 13:38:45 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap652b1770 2026 thumbnail main image https://www.marcperlof.com/sba-504-loan-changes-2026-more-commercial-buyers-qualify-and-values-could-rise <div data-rss-type="text"> <p> <span> By Marc Perlof | MarcRetailGuy </span> </p> <p> <br/> </p> <p> <span> January 5, 2026 </span> </p> <p> <br/> </p> <p> <span> If you own commercial real estate, here’s what just changed for you. </span> </p> <p> <br/> </p> <p> <span> In 2026, the SBA quietly made a significant change that affects who can purchase your property and how transactions are completed. Access to SBA 504 loans (owner user loans) is increased by revised citizenship and residence requirements introduced in the SBA SOP 50 10 8 update. This is significant since the market for small and mid-sized commercial assets is mostly driven by SBA financing. </span> </p> <p> <br/> </p> <p> <span> This is the overall view. More purchasers are now eligible. Under the updated SBA 504 rules, buyers can now include up to 5 percent ownership by certain foreign nationals or conditional permanent residents. Many otherwise strong buyers were left out prior to this shift. A larger group of eligible owner-users can now apply under the SBA 504 foreign ownership eligibility regulations. </span> </p> <p> <br/> </p> <p> <span> Clarity is another benefit of this move. The SBA 504 rules use the IRS definition of a principal residence. As a result, there is less misunderstanding, underwriting happens quicker, and there is less chance of transactions collapsing at the end of the process. </span> </p> <p> <br/> </p> <p> <span> It's easy to understand why commercial property owners care about this. Pricing is determined by financing. Competition increases as more purchasers are eligible. Better terminology and stronger values are supported by this. </span> </p> <p> <br/> </p> <p> <span> More importantly, clearer rules mean fewer surprises in escrow. Less friction. Fewer price changes. Fewer broken deals due to financing issues discovered too late. </span> </p> <p> <br/> </p> <p> <span> These changes are already influencing how I’m structuring pricing guidance, buyer targeting, and deal timelines for commercial property owners planning 2026 exits. </span> </p> <p> <br/> </p> <p> <span> Here is what commercial property owners should understand right now. </span> </p> <ul> <li> <span> SBA 504 loans typically require only about 10 percent down from the buyer, compared to 25 percent to 35 percent for conventional bank loans, based on SBA program guidance as of 2024¹. </span> </li> <li> <span> The SBA 504 program supports owner-occupied properties where the operating business occupies at least 51 percent of the space for existing buildings or 60 percent for new construction, per SBA rules². </span> </li> <li> <span> SBA 504 loans can finance projects up to approximately $5 million per loan, with higher limits for certain public policy goals, according to SBA program documentation³. </span> </li> </ul> <p> <br/> </p> <p> <span> These rules apply to all SBA 504 applications approved on or after January 1, 2026. That means deals being planned today for 2026 closings should already be structured with these changes in mind. </span> </p> <p> <br/> </p> <p> <span> Key takeaways supported by SBA guidance. </span> </p> <ul> <li> <span> Expanded buyer eligibility increases the pool of qualified commercial owner-users¹. </span> </li> <li> <span> Clearer residency definitions reduce underwriting friction and deal risk². </span> </li> <li> <span> SBA 504 loans remain one of the most equity-efficient tools for owner-user commercial real estate buyers³. </span> </li> </ul> <p> <br/> </p> <p> <span> If you own commercial real estate and are thinking about selling, refinancing, or planning a 2026 exit, this update directly affects your strategy. Buyer demand is not just about the market. It is about who can get loans and on what terms. </span> </p> <p> <br/> </p> <p> <span> If you want to understand how these SBA changes affect your buyer pool, pricing range, or timing for a 2026 sale, reach out. </span> </p> <p> <br/> </p> <p> <span> With these new SBA 504 loan changes expanding eligibility, how might a larger and better-capitalized buyer pool change the value of your commercial property? </span> </p> <p> <br/> </p> <p> <span> #RetailRealEstate #SBA504 #CommercialRealEstate #RetailPropertyOwners #InvestmentSales </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <strong> Disclaimer </strong> </p> <p> <span> This post is for information only. It is not legal, tax, or financial advice. Always check with a licensed professional before making decisions. </span> </p> <p> <span> <br/> </span> </p> <p> <strong> <br/> Footnotes </strong> </p> <p> <span> <br/> </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://www.bls.gov/bls/shutdown.htm" target="_blank"> ¹ U.S. Small Business Administration, SBA 504 Loan Program Overview, most recent guidance available 2024–2025 </a> </p> <p> <a href="https://www.bls.gov/bls/shutdown.htm" target="_blank"> ² U.S. Small Business Administration, SOP 50 10 8, Borrower Eligibility and Principal Residence Definitions, effective January 1, 2026,  </a> </p> <p> <span> ³ </span> <span> U.S. Small Business Administration, 504 Loan Program Debenture Limits and Structure, SBA Program Guide </span> <span> <span>  </span> </span> </p> <p> <span> <br/> </span> </p> <p> <span> <br/> </span> </p> <p> <span> <br/> </span> </p> <p> <span> © 2025 Marc Perlof Group. All rights reserved. </span> <span> <br/> </span> <span> <br/> </span> </p> </div> Mon, 05 Jan 2026 07:56:25 GMT https://www.marcperlof.com/sba-504-loan-changes-2026-more-commercial-buyers-qualify-and-values-could-rise 2026 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap9c2c5933 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE_Daily_Breif_Image_7108340795.webp" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Holiday Spending Drives Retail Gains </strong> </p> <p> <span> <br/> Holiday retail spending grew 4.2% in the US as in-store sales captured 73% of spend, with strong gains in electronics and apparel... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/holiday-spending-drives-retail-gains/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=job-growth-loses-predictive-power-in-multifamily-rent-trends&amp;_bhlid=4823f8f663dc5d72db8a83535136b43bf14003d6" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-01-02+at+11.24.57-AM.png" alt="A blurry picture of a clothing store with clothes on display."/> </a> </div> <div data-rss-type="text"> <p> <strong> DC-area restaurant closings rise, with midpriced dining hit hardest </strong> </p> <p> <span> Restaurant closings in and around Washington, D.C., increased more than 25% this year, with midpriced establishments hit the hardest, as the industry endured mounting obstacles to attract diners and make a profit. </span> </p> <p> <span> At least 92 eateries closed this year through November, already surpassing 2024's total of 73, according to a Restaurant Association Metropolitan Washington survey of more than 140 restaurants conducted in the fall. During the same period, openings totaled 109, down 30% from 2024, the group said... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/544510788/dc-area-restaurant-closings-rise-with-midpriced-dining-hit-hardest?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p5&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc2NzI4NDUzMH0.ima1f_Nvycwo2EGsD6LsMTm3PFuAHc9V9qNfeFH2-64" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-01-02+at+11.26.21-AM.png" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> Five trends that shaped retail performance in 2025 </strong> </p> <p> <strong> <span>  </span> </strong> <span> <br/> While many were calling for 2025 to be the year that the U.S. retail sector turned downward, it remained resilient in the face of rising closures and bankruptcies. In fact, the second half of this year is shaping up to be one of the best-performing halves of the past decade. </span> </p> <p> <span> Here are five key trends that drove the retail sector's performance in 2025... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1564503020/five-trends-that-shaped-retail-performance-in-2025?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p3&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc2NzI4NDUyNX0.4LNaGvjm6fIsXpa3VPctfNhlKLvQ3sk6gfez4J-V9zM" target="_blank"> Read Full Article... </a> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE_Daily_Breif_Image_1168678988.webp" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Retail Centers Show Resilience in 2025 Performance Trends </strong> <span> <br/> <br/> </span> </p> <p> <span> Despite predictions of a downturn, retail centers  </span> <span> performed strongly </span> <span>  in 2025, reports CoStar. Resilient consumer spending, particularly among higher-income groups, supported retail sales and in turn, demand for retail space. US retail sales rose 3.5% year-over-year, with personal consumption expenditures up 2.8%, helping retail fundamentals remain stable even as inflation cooled to 2.8%... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/retail-centers-show-resilience-in-2025-performance-trends/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=luxury-apartments-are-quietly-driving-rents-down-in-hot-u-s-markets&amp;_bhlid=d52677cfc0e8dba2ed5b817dbf85f6b29a3c56a7" target="_blank"> ReadFull Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-01-02+at+11.30.40-AM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Trader Joe's adds to US holdings with one of Santa Monica’s biggest retail deals </strong> </p> <p> <span> <span>  </span> <br/> Supermarket chain Trader Joe's has purchased a former Rite Aid store in one of Southern California's most affluent cities, adding to the grocer's growing portfolio of owned properties across the nation. </span> </p> <p> <br/> </p> <p> <span> Monrovia, California-based Trader Joe’s, known for its value-priced, private-label groceries, bought a freestanding vacant retail store in Santa Monica for $22 million, or about $1,200 per square foot, from a private family trust, according to CoStar data. Rite Aid vacated the space this year as part of its Chapter 11 bankruptcy filing... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/43874234/trader-joes-adds-to-us-holdings-with-one-of-santa-monicas-biggest-retail-deals?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p4&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc2NzI4NDQwMn0.tA-pkDpXdfBtyEZVxwsKmZtNnFMsxubhK5aewZjSaBE" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2026-01-02+at+11.32.02-AM.png" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> How this eatery aims to be the next big mall snack </strong> <span> <br/> </span> </p> <p> <span> The founder behind Japanese rice snack chain Onigilly is preparing a retail rollout that aims to turn the once-niche food ubiquitous in Japan into a fixture in Southern California's shopping centers as small food spaces become more common in U.S. malls. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> Koji Kanematsu, a former computer systems developer, founded Onigilly after moving to San Francisco from Japan in 2006. The company's name leans into the Japanese pronunciation of onigiri, a small triangular snack made from seasoned short-grain rice and fillings such as cooked tuna, salmon and even fried chicken wrapped in a strip of crisp nori seaweed... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://www.costar.com/article/445338586/how-this-eatery-aims-to-be-the-next-big-mall-snack?utm_source%3Dnewsletter.credaily.com%26utm_medium%3Dnewsletter%26utm_campaign%3Dcommercial-real-estate-poised-for-cautious-recovery-in-2026%26_bhlid%3Df8d17586a011ff4f9cafd9f831e5f5da713c5918&amp;source=gmail&amp;ust=1767455128008000&amp;usg=AOvVaw1-BWfoSn0uA--96hPdeHsJ" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/colorful-paper-bags-placed-on-the-table-2025-01-16-15-15-37-utc-scaled.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Retail Spending Trends Defy Consumer Sentiment </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Retail spending trends remain surprisingly robust, with holiday-period sales increasing by around 4% year-over-year, according to Mastercard and Visa data. However, Globe St reports that once inflation is accounted for, this growth flattens, revealing that Americans are spending more dollars but not necessarily purchasing more goods. These trends come amid declining consumer sentiment since April 2024, underscoring growing uncertainty in the retail sector... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/retail-spending-trends-defy-consumer-sentiment/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=commercial-real-estate-poised-for-cautious-recovery-in-2026&amp;_bhlid=2df71eb6c2e150fc478ccbe212b6a5f9c7d63a3f" target="_blank"> Read Full Article... </a> </p> </div> Fri, 02 Jan 2026 16:33:03 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap9c2c5933 thumbnail main image https://www.marcperlof.com/retail-real-estate-in-2026-what-smart-property-owners-are-doing-right-now <div data-rss-type="text"> <p> <span> By Marc Perlof | MarcRetailGuy <br/> <br/> </span> </p> <p> <span> December 29, 2025 </span> </p> <p> <span> <br/> If you own retail real estate, here is what just changed for you. </span> </p> <p> <span> <br/> The New Year signifies more than just a new calendar. It marks the official reset point for tenant expectations, capital planning, and leasing strategy for retail property owners. Preliminary data for 2026 suggests that moderate but consistent growth is on the horizon. The Conference Board anticipates that consumer spending will increase by approximately 2% in Q1, primarily fueled by essential goods and neighborhood convenience retail.¹ The status of discretionary categories is still unclear. </span> </p> <p> <span> <br/> At the end of 2025, vacancy rates in neighborhood centers throughout the U.S. stood at 5.2%, marking the lowest level in over ten years.² While strong demand and limited new construction give landlords more leverage, it is crucial for them to use data to guide their decisions. The tone is set in January. Those tenants who ended the holiday period with a flat or negative performance are the most susceptible to cash flow stress in the early part of the year. </span> </p> <p> <span> <br/> This year, online commerce is projected to increase by another 7%, with mobile now leading the way in discovery and price comparison.³ Centers that facilitate easy access, smooth parking flow, designated pickup areas, and good visibility will attract tenants who are ready to pay higher rents for operational efficiency. </span> </p> <p> <span> <br/> It should now be simple for you to focus. Check year-end tenant sales or foot traffic counts, if they are available. Assess the recovery and operating costs of CAM. Determine areas that require repositioning. And begin discussions about renewal ahead of time with tenants who have done well. Powerful operators have already devised their strategy for 2026. Also, landlords should. </span> </p> <p> <span> <br/> Call or DM me. I can walk you through a New Year portfolio checkup that turns uncertainty into a strategy you can execute. </span> </p> <p> <span> <br/> Are you starting 2026 with clear data or just waiting to see what happens? </span> </p> <p> <span> <br/> #retailrealestate #CRE #2026retailoutlook #retailinvestment #leasingstrategy <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <strong> Disclaimer </strong> </p> <p> <span> This post is for information only. It is not legal, tax, or financial advice. Always check with a licensed professional before making decisions. </span> </p> <p> <span> <br/> </span> </p> <p> <strong> <br/> Footnotes </strong> </p> <p> <br/> </p> <p> <a href="https://www.bls.gov/bls/shutdown.htm" target="_blank"> ¹ The Conference Board Consumer Outlook 2026. </a> </p> <p> <a href="https://www.bls.gov/bls/shutdown.htm" target="_blank"> ² CoStar Retail Market Summary 2025. </a> </p> <p> <span> ³ </span> <span> Adobe Digital Economy Index 2026 Forecast. </span> </p> <p> <br/> </p> <p> <span> <span>  </span> </span> </p> <p> <br/> </p> <p> <br/> </p> <p> <span> © 2025 Marc Perlof Group. All rights reserved. </span> <span> <br/> </span> <span> <br/> </span> </p> </div> Mon, 29 Dec 2025 10:16:26 GMT https://www.marcperlof.com/retail-real-estate-in-2026-what-smart-property-owners-are-doing-right-now thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap975e8cac <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/modern-commercial-building-exterior-with-cafe-scaled-5f3042cf.webp" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Single-Tenant Retail Rebounds As Private Buyers Dominate </strong> </p> <p> <span> The STNL retail market is rebounding as private investors take center stage amid easing inflation and improved pricing alignment, reports GlobeSt. According to Marcus &amp; Millichap’s latest report, private buyers drove a 15% increase in their market share over the past 12 months. During the same period, institutional, REIT, and entity-level activity declined. Through Q3 2025, private capital made up 71% of dollar volume, followed by foreign buyers (10%) and REITs (9%)... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/single-tenant-retail-rebounds-as-private-buyers-dominate/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=federal-real-estate-s-roller-coaster-year-chaos-confusion-course-corrections&amp;_bhlid=16d9c2767169f77dc8dfa2a654e607df571f7687" target="_blank"> ReadFullArticle... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Billboard2.webp" alt="A blurry picture of a clothing store with clothes on display."/> </a> </div> <div data-rss-type="text"> <p> <strong> May your days be merry and bright—but mostly bright </strong> </p> <p> <br/> </p> <p> <span> <span>  </span> At the final City Council meeting of the year, there was a unanimous vote to have 1,000-square-foot digital signs installed at 16 locations on or near the Promenade. Santa Monica will receive a minimum of $500,000 per sign per year. Given the city’s financial distress, that’s a lot of ka-ching for a little bling... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.smdp.com/may-your-days-be-merry-and-bright-but-mostly-bright/" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_2477269267_1.jpg" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> Report: Barnes &amp; Noble to open 60 stores in 2026 </strong> <span> <br/> <br/> Barnes &amp; Noble is continuing to expand its retail footprint amid a resurgence in brick-and-mortar bookstores.  </span> </p> <p> <span> The bookseller plans to open 60 new locations across the country in 2026, reported USA Today. According to a list obtained by the publication, Barnes &amp; Noble plans to open stores in Ohio, Texas, Florida, Illinois, Colorado, Washington state, California, Virginia, Georgia and Washington D.C., with "several openings" in these states scheduled between now and June 2026... <br/> </span> </p> <p> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://chainstoreage.com/news-briefs/2025-12-22?article%3Dreport-barnes-noble-open-60-stores-2026&amp;source=gmail&amp;ust=1766852323502000&amp;usg=AOvVaw3SAeTt2LhUHmREPhRAztfQ" target="_blank"> Read Full Article... </a> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/shopping-mall-with-people-walking-around-store-scaled.webp" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Retail Outlook 2026 Market Stability Holds Amid Low Development </strong> </p> <p> <br/> </p> <p> <strong> <span>  </span> </strong> <span> The US  </span> <span> retail sector </span> <span>  enters 2026 in solid shape, despite ongoing economic  </span> <span> uncertainty </span> <span>  and softening consumer demand, reports Marcus&amp;Millichap. Muted leasing in early 2025, driven by tariff concerns, kept vacancy stable due to a limited and constrained development pipeline. </span> </p> <p> </p> <p> <span> Retail vacancy hovered near 5.0% through 2025, with many metro areas falling below the 4.0% threshold. Open-air centers outperformed malls, where vacancies remain above 9.0%. The gap between anchored and unanchored centers has narrowed significantly since 2020, reflecting long-term supply constraints... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://www.credaily.com/briefs/retail-outlook-2026-market-stability-holds-amid-low-development/?utm_source%3Dnewsletter.credaily.com%26utm_medium%3Dnewsletter%26utm_campaign%3Dcre-pricing-splits-while-new-supply-hits-12-year-low%26_bhlid%3D962c4dc9968b97362db202353592226a839f0c47&amp;source=gmail&amp;ust=1766852323502000&amp;usg=AOvVaw1EobDE7zRGZik-Z9d7Vx_N" target="_blank"> ReadFull Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-12-26+at+11.48.40-AM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> In Pacific Palisades, stores are slow to reopen after January wildfire </strong> <span> <br/> <br/> Thousands of Pacific Palisades and Los Angeles residents assembled this month for a Christmas tree lighting event at Palisades Village, a retail complex largely unscathed in the fires that tore through the town nearly one year ago. </span> </p> <p> <span> The event served as a reminder of just how far the community is from recovery. Even without major structural damage, the shopping complex remains closed. Most residents have yet to return to the coastal neighborhood, where construction crews drive most daily activity... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1815450896/in-pacific-palisades-stores-are-slow-to-reopen-after-january-wildfire?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p3&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc2NjcxMTU4N30.x4pCRr9JX1YYAWKy9fH62dkhme-2usMtVbbRkJiO1WQ" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/jack-in-the-box.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Jack in the Box shut down more than 70 stores with more expected by year's end over financial struggles </strong> </p> <p> <br/> </p> <p> <strong> <span>  </span> </strong> <span> Jack in the Box plans to close dozens of restaurants by the end of the year in an effort to cut costs and boost revenue.  The franchise said earlier this year it would shutter between 150–200 underperforming stores by 2026, including 80–120 by the end of this year, under a block closure program. </span> </p> <p> </p> <p> <span> In May, Jack In The Box said it had closed 12 locations, which was followed by another 13 closures by August and 47 more reported in the company's November earnings, according to the Daily Mail... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.foxbusiness.com/economy/jack-box-shut-down-more-than-70-stores-more-expected-years-end-over-financial-struggles" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/cannabis_law.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Trump reschedules marijuana; opens research on medical use, CBD </strong> </p> <p> <strong> <span>  </span> </strong> </p> <p> <span> President Donald Trump has issued an executive order that eases federal regulations on marijuana without legalizing its use and loosens CBD restrictions. </span> </p> <p> </p> <p> <span> In a new executive order, President Trump has directed U.S. attorney general Pam Bondi to expedite completion of the process of rescheduling marijuana to Schedule III of the Controlled Substance Act.  </span> </p> <p> <span> Previously, marijuana (the part of the cannabis plant containing the psychoactive ingredient THC), had been classified as a Schedule I drug with high abuse potential, no accepted medical use, and lack of accepted safety. Other drugs still classified as Schedule I include heroin, LSD, and MDMA (popularly known as ecstasy)... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://chainstoreage.com/news-briefs/2025-12-19?article%3Dtrump-reschedules-marijuana-opens-research-medical-use-cbd&amp;source=gmail&amp;ust=1766852323502000&amp;usg=AOvVaw2BHzaS78PO7cn1RWK1q6gn" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/del_taco-7a03163c.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Done Deal: Jack in the Box sells Del Taco for $119 million </strong> </p> <p> <strong> <span>  </span> </strong> </p> <p> <span> The nation’s second-largest Mexican quick-serve restaurant officially has new owners. </span> </p> <p> <span> Jack in the Box Inc. has completed the sale of Del Taco Holdings Inc. to Yadav Enterprises for approximately $119 million in consideration, subject to post-closing working capital and other adjustments. Yadav Enterprises, which operates more than 300 franchise restaurants nationwide, now adds Del Taco’s nearly 600 locations across 17 states to its portfolio... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/done-deal-jack-box-sells-del-taco-119-million?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGe7v89rUkSjvqdpXj6YezL6z7kx88HeDyYMAzF1bKRQIgpwzpiREouOrwLTLxPql3W0g8Z_OyimT_jx2d5RMVR6but_G0ATYT1bZN747V_qCo7" target="_blank"> Read Full Article... </a> </p> </div> Fri, 26 Dec 2025 16:56:00 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap975e8cac thumbnail main image https://www.marcperlof.com/december-retail-sales-just-gave-landlords-a-huge-60-day-advantage <div data-rss-type="text"> <p> <span> By Marc Perlof | MarcRetailGuy <br/> <br/> </span> </p> <p> <span> December 22, 2025 <br/> <br/> </span> </p> <p> <span> If you own retail real estate, here is what just changed for you. </span> </p> <p> <span> <br/> The combination of Hanukkah and Christmas produces the most potent retail period of the whole year. At this moment, tenant performance becomes unmistakably evident. The latest data indicates that U.S. consumers intend to raise their spending in December by 2.5 percent, despite the tightening of household budgets.¹ Concurrently, holiday traffic is changing. According to NIQ, retailers focused on value are experiencing a 12 percent increase in foot traffic compared to the previous year, whereas premium brands are seeing their traffic stabilize.² Customers still wish to shop, but they are opting for less expensive options. </span> </p> <p> <span> <br/> This is important for property owners. A tenant's performance in December is often indicative of how they will perform in the first half of the following year. When spending slows down in January and February, retailers who fail to capture holiday dollars will find it difficult. The performance in December offers landlords a 30 to 60-day advantage for renewals, rent adjustments, and replacement planning before less effective operators experience the pressure. </span> </p> <p> <span> <br/> This month, online shopping is anticipated to increase by another 6 percent, with a significant rise in curbside pickup.³ This season, retailers focusing on value and necessity are surpassing discretionary categories in traffic and conversion rates by high single digits. Centers that cater to hybrid shopping behaviors will surpass those that do not. </span> </p> <p> <span> <br/> Owners should keep an eye on three aspects. Initially, examine the speed of tenant sales, if available. Secondly, examine the conversion of traffic. Third, verify if tenants made early enough adjustments to their inventory to remain competitive. When a tenant is losing momentum during the crucial retail period of the year, it is essential to consider repositioning or renewal adjustments immediately rather than waiting until after the holidays. </span> </p> <p> <span> <br/> Call or DM me if you want to dig deeper. I can walk you through how this holiday period can guide your leasing, renewals, and pricing strategy for 2026. </span> </p> <p> <span> <br/> Are your tenants winning the moments that matter most? </span> </p> <p> <span> <br/> #retailrealestate #holidayretail #CRE #retailinvestment #centerperformance </span> </p> <p> <span> <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <strong> Disclaimer </strong> </p> <p> <span> This post is for information only. It is not legal, tax, or financial advice. Always check with a licensed professional before making decisions. </span> </p> <p> <span> <br/> </span> </p> <p> <strong> <br/> Footnotes </strong> </p> <p> <a href="https://www.bls.gov/bls/shutdown.htm" target="_blank"> ¹ Deloitte 2025 Holiday Outlook. </a> </p> <p> <a href="https://www.bls.gov/bls/shutdown.htm" target="_blank"> ² NIQ Holiday Traffic Report 2025. </a> </p> <p> <span>         ³ </span> <span> Adobe Analytics 2025 Holiday Forecast. </span> </p> <p> <br/> </p> <p> <span> <span>  </span> </span> </p> <p> <span> <br/> </span> </p> <p> <span> <br/> </span> </p> <p> <span> <br/> </span> </p> <p> <span> <br/> </span> <span> © 2025 Marc Perlof Group. All rights reserved. </span> <span> <br/> </span> <span> <br/> </span> </p> </div> Mon, 22 Dec 2025 17:29:33 GMT https://www.marcperlof.com/december-retail-sales-just-gave-landlords-a-huge-60-day-advantage thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap509a263a <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-12-19+at+1.26.39-PM.png" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Here are the best-performing retail markets of 2025 </strong> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> U.S. retail real estate delivered another year of resilience in 2025, marked by a steady balance between supply and demand, despite pressure from increased store closings. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> Under the surface, market-by-market performance varied more than in any year since the pandemic, as the disparate effect from store closures and diverging demographic trends created a larger gap between the winners and losers... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/299662140/here-are-the-best-performing-retail-markets-of-2025?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p3&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc2NTk5Mzg2MH0.b39EuTjkWODmwx94XL1sAsNCRLm48fW3AnZR8GB4pEc" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/dollar_general_sign_-_shutter.jpg" alt="A blurry picture of a clothing store with clothes on display."/> </a> </div> <div data-rss-type="text"> <p> <strong> Dollar General lifts outlook on strong Q3; to open 450 stores, remodel 4,250 in 2026 </strong> <span> <br/> <br/> </span> </p> <p> <span> Dollar General Corp. reported better-than-expected earnings and sales for its third quarter amid rising store traffic.  </span> </p> <p> <span> Looking ahead, the deep discounter said it plans to open approximately 450 stores (and about 10 locations in Mexico) in fiscal 2026. That’s down from the estimated 575 new stores (and up to 15 stores in Mexico) it’s on track to open this year...  </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://chainstoreage.com/dollar-general-lifts-outlook-strong-q3-open-450-stores-remodel-4250-2026?utm_source%3Dswiftmail%26utm_medium%3Demail%26utm_campaign%3DCSA_NL_Weekend%26mkt_tok%3DODI1LUxTUC01NDUAAAGetqrhPvY7l0Rse6sQ07AluxTCcXZREBnrbrEtpfWG_3wNFQJ7ChAfDi31vfbsTKfm2UyX2eprIBXub1yZYiQgoxdblycoScHWojxYkkRLVKwt&amp;source=gmail&amp;ust=1766255057976000&amp;usg=AOvVaw2LWo9lBZMuyTtn-PIkGyIW" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/pexels-negativespace-186613-scaled.webp" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> Holiday Sales Climb As November Spending Holds Steady </strong> </p> <p> <span> <br/> Retailers appear to be on pace for a solid  </span> <a href="https://www.globest.com/2025/12/15/holiday-spending-holds-to-forecasts-as-sales-rise-45-in-november/" target="_blank"> holiday season </a> <span> , reports GlobeSt. November sales rose 4.53% compared to the same time last year, keeping pace with expectations from the National Retail Federation. While spending only edged up 0.12% from October, the annual increase suggests consumers are spending strategically heading into the holidays... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://www.credaily.com/briefs/holiday-sales-climb-as-november-spending-holds-steady/?utm_source%3Dnewsletter.credaily.com%26utm_medium%3Dnewsletter%26utm_campaign%3Dsun-belt-vacancies-surge-as-multifamily-market-shows-geographic-splits%26_bhlid%3D76325572c23089ce395014376f5fd8f0e6887211&amp;source=gmail&amp;ust=1766255057976000&amp;usg=AOvVaw2t38tst6JNc9GHKhmuMxTs" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/llbean_0.jpg" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> L.L.Bean details store expansion for 2026 — here’s where </strong> <span> <br/> </span> <span> <br/> </span> <span> L.L.Bean is accelerating its retail expansion as it expands its brand to new markets. </span> </p> <p> <span> The outdoor apparel and gear retailer plans to open eight stores in 2026, including its first-ever locations in Alabama and Tennessee (locations listed at end of article). It plans to further accelerate its expansion in 2027, with an additional eight to 10 outposts, including first-time stores in new markets in the Midwest and Southeast... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/llbean-details-store-expansion-2026-heres-where?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_Weekend&amp;mkt_tok=ODI1LUxTUC01NDUAAAGetqrhPqlnb4AQLboDO_UOMUoT8Z-cn4g8-O9nbJCcOudDpb12-Nf771CF6mLi8Ox-7IcfuEEfE7ugOoSTA0Uyn42EGzaye57UVXQpNZdFTiBm" target="_blank"> ReadFull Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/The_back_of_a_grocery_shopper_in_a_grocery_store.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> 4 things retailers need to know about shoppers in 2026 </strong> <span> <br/> <br/> Global sales and marketing agency Acosta Group released four consumer predictions for 2026, pointing to increased demand for personalization, transparency and innovation across the retail and foodservice sectors. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> Company officials said shifting lifestyles and rapid advances in technology are reshaping how people shop and what they expect from brands. “Technology and evolving consumer lifestyles continue to reshape the shopping experience, as do the expectations, priorities and values driving purchases,” said Colin Stewart, executive vice president of business intelligence at Acosta Group... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/grocery-trends-data/4-things-retailers-need-to-know-about-shoppers-in-2026?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_12152025&amp;utm_campaign=68479&amp;utm_medium=email&amp;elq2=c4d6a8d7892d431881d870decc4eb1fc&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/2000x1334.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Can Netflix Help Save the American Mall? </strong> <span> <br/> <br/> </span> <span> You can spot the telltale red hue from several parking lots away as you approach the mall. Netflix Red — the color millions of Americans see each night before dozing off — is splashed on the side of the King of Prussia mall in the Philadelphia suburbs. It marks the portal to Netflix House, the streaming entertainment company’s new permanent brand activation/movie theater/retail outlet, which opened last month... </span> <span> <br/> </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://www.bloomberg.com/news/features/2025-12-12/netflix-house-wants-to-immerse-you-in-stranger-things-kpop-demon-hunters?utm_source%3Dnewsletter.credaily.com%26utm_medium%3Dnewsletter%26utm_campaign%3Dsun-belt-vacancies-surge-as-multifamily-market-shows-geographic-splits%26_bhlid%3De3c46fa1c7a8ba5c342f4117a5a530a446a6c47b&amp;source=gmail&amp;ust=1766255057976000&amp;usg=AOvVaw17D2b00bPP9Y2A7-czoNuX" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/starbucks_dunkin_q3_2025_traffic_outperform_2024_levels.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Placer.ai: Starbucks, Dunkin' visits rise in Q3 </strong> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> Placer.ai noted that its weekly data for the two chains offers insights into how seasonal offerings fuel traffic. Starbucks’ bear-shaped (Bearista) cup launch – which happened on the same day as the holiday menu rollout – proved to be a major traffic driver, driving visits up 11.9% year over year during the week. The strong visit trends continued the following week with a 6.2% year over year increase, helped by a strong “Red Cup Day” performance... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/placerai-starbucks-dunkin-visits-rise-q3?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGeyvQCRA0OYKWJEg9ZGA3YCuD4sRCN_aJKNfRZRNPzI9fBkTBjqRDFMAfJDwvxX9A3J9W8x4tgH4zIM18oHxEZqG5bUgSuCTwXDT0DiCeavJr5" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/pexels-meruyert-gonullu-6152380-scaled.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Private Investors Fuel 2025 Growth In Single-Tenant Retail Market </strong> <span> <br/> </span> </p> <p> <span> <br/> </span> </p> <p> <span> After sluggish activity in 2023 and 2024, the US STNL retail market experienced a notable resurgence in 2025, reports Marcus&amp;Millichap. Transactions rose 18% and dollar volume 14% in 2025, showing improved alignment between single-tenant retail buyers and sellers... </span> </p> <p> <span> <br/> </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/private-investors-fuel-2025-growth-in-single-tenant-retail-market/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=fed-s-treasury-pivot-sparks-mixed-signals-for-long-term-borrowing&amp;_bhlid=b098d66b5868b8211ad5076188018f4b451c1864" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-12-19+at+1.59.42-PM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> SpaceX launches first Starlink retail store; AI infrastructure startup Fermi loses construction funding; Fed confirms regional presidents </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Elon Musk’s SpaceX is launching into the nation’s retail game with its first in-person location for its internet provider, Starlink. </span> </p> <p> <span> Tucked into the Nebraska Crossing shopping center in Gretna, Nebraska, the inaugural Starlink store sells its Starlink Kit, alongside Starlink-branded merchandise, according to an X user that  </span> <a href="https://x.com/TeslaEnthusist/status/1994145846938743003" target="_blank"> visited </a> <span>  the store, which apparently counts footwear maker Crocs as a neighbor... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1176368022/spacex-launches-first-starlink-retail-store-ai-infrastructure-startup-fermi-loses-construction-funding-fed-confirms-regional-presidents?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p6&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc2NTk5NDI2OX0._xd8WAnb82v0q5PknFf7qJ4cpyVkk36qKeIPmS0lzYw" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/pexels-rachel-claire-5491053-scaled.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Quick-Service Expansion Fuels US Retail Leasing Growth </strong> <span> <br/> <br/> </span> </p> <p> <span> Restaurants, bars, and coffee shops are playing a pivotal role in retail real estate’s post-pandemic recovery, reports Colliers. Over the past 12 months, these tenants accounted for roughly 20% of all new retail leasing. They have become a critical driver of foot traffic and absorption in shopping centers nationwide. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> Even in the face of inflation, Americans are prioritizing dining out. Retail spending at restaurants and coffee shops exceeded $100B in July 2025, representing a nearly 50% jump from pre-pandemic levels... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/quick-service-expansion-fuels-us-retail-leasing-growth/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=sun-belt-vacancies-surge-as-multifamily-market-shows-geographic-splits&amp;_bhlid=3bd6e735bdfbffd38133934b50ca1f29633a5657" target="_blank"> Read Full Article... </a> </p> </div> Fri, 19 Dec 2025 19:06:00 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap509a263a thumbnail main image https://www.marcperlof.com/retail-real-estate-is-shifting-fast-what-smart-owners-must-do-before-2026-hits <div data-rss-type="text"> <p> <span> By Marc Perlof | MarcRetailGuy <br/> <br/> </span> </p> <p> <span> December 15, 2025 <br/> <br/> </span> </p> <p> <span> If you own retail real estate, here is what the newest Federal Reserve move means for your property today. </span> </p> <p> <span> <br/> Another ¼ point reduction in interest rates was the result of the Federal Reserve's most recent decision. Jerome Powell highlighted a weakening economy, decreasing inflation, and an obviously cooling labor market in his speech. He pointed out that while services continue to soften at a gradual, steady pace, goods inflation is still sticky due to tariffs. The Fed wants to reduce inflation without overturning the labor market, and employers are cutting down on hiring. Crucially, Powell also stated that policy is already almost neutral and that future decisions will be careful and data-driven rather than instinctive. As the year draws to a conclusion, these signals now influence the actions of regular investors. </span> </p> <p> <strong> <br/> What does this mean for owners right now? </strong> <span> <br/> Property values are not increased by rate reductions alone. They accomplish this by lowering uncertainty. Investors resume underwriting as borrowing costs become more predictable. Tours pick up, buyers start modeling offers they passed on a month earlier, and lenders start pricing. Activity nearly always rises first, even if final price has not yet changed. This translates into firmer terms, more talks, and buyers who are now ready to step off the sidelines for active listings. </span> </p> <p> <span> <br/> This change is supported by recent economic data. Due to consistent consumer expenditure, services are still growing. As new orders and jobs decline, manufacturing continues to suffer. While the manufacturing PMI is below 50 for the ninth consecutive month, the Institute for Supply Management's (ISM) non-manufacturing Purchasing Managers' Index (PMI) is in expansion territory. The majority of retail tenants reside in the services sector of the economy rather than the goods-producing sector, which makes this division significant. </span> </p> <p> <span> <br/> Expect additional momentum for current listings over the following few weeks. Because the US inflation forecast is uncertain, investors continue to underwrite cautiously; yet, direction is important. The direction is getting better for the first time in months. </span> </p> <p> <span> <br/> Powell's speech and the national surveys for Q1 and Q2 2026 indicate a two-stage year with a significant warning about future rate decreases. According to the Fed's own estimates, officials anticipate at most one more rate decrease in 2026. Powell emphasized that the Fed is "well positioned to wait" and evaluate new information before taking action. This implies that the market shouldn't anticipate quick or forceful relaxation. </span> </p> <p> <span> <br/> • Q1 2026 can seem sluggish. Input prices are still high, hiring is declining, and many companies will postpone plans for growth as they wait to see if inflation continues to decline. Buyers will remain picky as the Fed is probably on hold. <br/> • If inflation continues to decline and the Fed implements small, gradual monetary policy changes, Q2 2026 may see a recovery. When paired with more precise policy guidance, even one more cut can increase transaction volume before it increases pricing. Value shopping, food, retail related to everyday necessities, and service-based tenants ought to perform well. Thin-margin businesses and merchants who sell a lot of goods may find it difficult to keep up with growing expenses. </span> </p> <p> <span> <br/> Key insights for property owners today: </span> </p> <p> <span> <br/> • Services PMI remains in expansion, showing steady consumer demand². <br/> • Manufacturing PMI continues to contract, signaling weakness in goods production². <br/> • Employers across sectors are slowing hiring, supporting Powell’s cooling labor market comments¹. <br/> • Construction and TI costs remain high due to elevated material prices, including steel, electrical components, and aluminum². <br/> • Cap rates are unlikely to compress quickly, but clearer Fed guidance helps stabilize valuations. </span> </p> <p> <span> <br/> Recent data worth noting: <br/> The ISM non-manufacturing index remained above 52 in November 2025², showing healthy service-sector activity tied to consumer spending. <br/> Powell's warning that the job market is deteriorating was reinforced when manufacturing employment dropped to one of its lowest levels this year¹. </span> </p> <p> <span> <br/> This is the time for owners to get ready. As underwriting becomes more stringent, clean rent rolls, transparent financials, current CAM reconciliations, and compelling tenant narratives become increasingly important. The owners who are ready make the first gains when activity increases before prices change. </span> </p> <p> <span> <br/> If you want to understand how today’s economic shift and the Fed’s cautious 2026 outlook impact your value, cash flow, or timing for a sale or refinance, let’s talk. Call or DM me for more information. </span> </p> <p> <span> <br/> With the Fed signaling patience in 2026, are you positioned to benefit from higher activity before pricing fully adjusts? </span> </p> <p> <span> <br/> #RetailRealEstate #FederalReserve #CREInvestment #EconomicOutlook #MarcRetailGuy <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <strong> Disclaimer </strong> </p> <p> <span> This post is for information only. It is not legal, tax, or financial advice. Always check with a licensed professional before making decisions. </span> </p> <p> <span> <br/> </span> </p> <p> <strong> <br/> Footnotes </strong> </p> <p> <a href="https://www.bls.gov/bls/shutdown.htm" target="_blank"> ¹ Federal Reserve Board, Jerome Powell December 2025 Press Conference, Summary of Economic Projections, and FOMC statements (latest releases). <br/> ² Institute for Supply Management (ISM), Manufacturing &amp; Non-Manufacturing PMI Reports, November 2025; CoStar Economy Report (Christine Cooper &amp; Chuck McShane), November 2025. </a> </p> <p> <span> <br/> </span> </p> <p> <span> <br/> </span> </p> <p> <span> <br/> </span> </p> <p> <span> <br/> </span> </p> <p> <span> <br/> </span> <span> © 2025 Marc Perlof Group. All rights reserved. </span> <span> <br/> </span> <span> <br/> </span> </p> </div> Mon, 15 Dec 2025 17:08:53 GMT https://www.marcperlof.com/retail-real-estate-is-shifting-fast-what-smart-owners-must-do-before-2026-hits thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapff997732 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/GettyImages-2246608610-5d92493958d743eab6d3d3cb371b46a4.webp" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> If the Fed Is Cutting Interest Rates, Why Are 10-Year Treasury Yields Rising? How Does It Affect You? </strong> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> Official interest rates are declining, but not the rates that could matter the most to everyday Americans. </span> </p> <p> <span> <br/> </span> </p> <p> <span> Treasury yields ticked up to a three-month high on Wednesday morning despite near certainty on Wall Street that the Federal Reserve was hours away from cutting interest rates. The 10-year Treasury yield, which influences interest rates on a variety of consumer loans including mortgages, rose Wednesday morning to 4.21%, its highest level since early September. Meanwhile, traders put the probability of a quarter-percentage-point cut today by the Fed at about 90%... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.investopedia.com/if-the-fed-is-cutting-interest-rates-why-are-10-year-treasury-yields-rising-11866015" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_2376030343_2.jpg" alt="A blurry picture of a clothing store with clothes on display."/> </a> </div> <div data-rss-type="text"> <p> <strong> Black Friday retail sales up 4.1%, according to Mastercard SpendingPulse </strong> <span> <br/> <br/> </span> </p> <p> <span> Chilly temperatures and seasonal deals encouraged spending on new fashions as apparel turned in a robust Black Friday performance. </span> </p> <p> <span> Apparel and jewelry were the top gifting sectors on Black Friday, with apparel up 5.7% year over year (online up 6.1%, in-store up 5.4%) and jewelry up </span> <strong>   </strong> <span> 2.75% year over year, according to preliminary insights from Mastercard SpendingPulse, which measures in-store and online retail sales and represents all payment types. It is not adjusted for inflation... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://chainstoreage.com/black-friday-retail-sales-41-according-mastercard-spendingpulse?utm_source%3Dswiftmail%26utm_medium%3Demail%26utm_campaign%3DCSA_NL_Weekend%26mkt_tok%3DODI1LUxTUC01NDUAAAGekp5ASQ8V0TnbpxKZD59DrEMcS_I-AduK5g2sTC5HaT3K8rvZr0mCxUcAyIAirswlzEQaBaxH0ZdepLXiJgLm9XZPv5IKlyi3H3jsv4jaCCtk&amp;source=gmail&amp;ust=1765634602457000&amp;usg=AOvVaw0yvcmZ34c0ciAzxSDGrF2o" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/arbys_3.jpg" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> Arby’s Second-Largest Franchisee Expands to 344 Stores after Major Inspire Brands Purchase </strong> <span> <br/> </span> <span> <br/> </span> <span> Add AES Restaurant Group to the list of franchisees making major store acquisitions this year. </span> </p> <p> <br/> </p> <p> <span> The Zionsville, Ohio–operator announced the purchase of 115 Arby’s restaurants across nine states, which expanded its total portfolio to 344 units in 20 states. AES is the second-largest Arby’s franchisee in the world. </span> </p> <p> <span> The group bought the locations from parent company Inspire Brands. The locations come with over 2,000 employees and 18 area supervisors... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/arbys-second-largest-franchisee-expands-to-344-stores-after-major-inspire-brands-purchase/?spMailingID=181588&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=181588" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/kroger-ac40194a.jpg" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Kroger to increase new store builds in 2026; Q3 e-commerce sales jump 17% </strong> <span> <br/> </span> <span> <br/> </span> <span> The Kroger Co. reported strong sales for its third quarter as its digital business surged and said it expects to appoint a new CEO during the first quarter of 2026. </span> </p> <p> <span> On the company’s earnings call, chairman and interim CEO Ron Sargent said the company plans to accelerate capital investment in new stores beyond 2025 to strengthen its competitive position, expand into high-potential geographies and support long-term growth... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/kroger-increase-new-store-builds-2026-q3-e-commerce-sales-jump-17?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=2025-rental-market-recap-demand-soars-availability-shrinks-across-major-metros&amp;_bhlid=b8ec4077ef4ae28d6fed5d3af7ed932b098af224" target="_blank"> ReadFull Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-12-12+at+9.55.34-AM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Netflix could own some of the nation’s top entertainment real estate following Warner Bros. deal </strong> <span> <br/> <br/> An agreement by Netflix, the world’s largest streaming service, to buy television and movie giant Warner Bros. Entertainment in a $72 billion deal would involve a large swath of entertainment real estate across the globe. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The Los Gatos, California-based online entertainment service's deal to acquire Warner Bros.’ film and television studios, HBO and HBO Max for cash and stock is slated to close after Warner Bros. Discovery completes a planned separation of its global networks division in late 2026... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/720244190/netflix-could-own-some-of-the-nations-top-entertainment-real-estate-following-warner-bros-deal?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p1&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc2NTQ3ODI1Mn0.nrOTBxT02W01OD78mWGewYpt2LXt8Z6wnomPxnRzTOQ" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/angry_chickz.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Angry Chickz plans Texas, New Mexico expansion — here's where </strong> <span> <br/> <br/> </span> <span> A California-based Nashville hot chicken franchise is expanding its footprint into two Southwestern states. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> Angry Chickz will open 25 new locations in Texas and New Mexico over the next five years. The expansion will span 11 new markets, including the Dallas–Fort Worth and Austin areas, western Texas, and Albuquerque (see full list at end of article). The first restaurant is slated to open in 2026... </span> <span> <br/> </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://chainstoreage.com/news-briefs/2025-12-05?article%3Dangry-chickz-plans-texas-new-mexico-expansion-heres-where%26utm_source%3Dnewsletter.credaily.com%26utm_medium%3Dnewsletter%26utm_campaign%3Dnetflix-s-warner-bros-buyout-could-reshape-hollywood-s-property-market%26_bhlid%3D49e8ad594f66ad98b80f466ab39ee8816e347e17&amp;source=gmail&amp;ust=1765634602457000&amp;usg=AOvVaw1kIeMAskYopaGHdsMu7EET" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/A_map_showing_stores_closures_and_openings_in_November.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Family Dollar drops 110 stores from network in November </strong> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> Family Dollar was aggressive with its store closings in November, shuttering 110 locations, according to the latest data from ScrapeHero. Meanwhile, Walmart actually closed a location in Federal Way, Wash. On the positive side, Dollar Tree opened 17 stores, including three in Virginia... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/grocery-trends-data/family-dollar-drops-110-stores-from-network-in-november?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_12092025&amp;utm_campaign=68372&amp;utm_medium=email&amp;elq2=d4459e0aadc34039af19f93b068f319d&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/advance_auto_parts-873cd518.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Advance Auto Parts puts 83 properties on the market </strong> <span> <br/> <br/> </span> </p> <p> <span> Advance Auto Parts — which operates more than 4,000 centers in the United States, Canada, Puerto Rico, and the U.S. Virgin Islands — is parting with 83 of them. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The company has retained Gordon Brothers to dispose of the owned and leased sites, which span 38 states. The available spaces range in size from 4,000 to 16,000 square feet. </span> </p> <p> <span> “We are excited to work with such a great partner and assist the exceptional in-house real estate team at Advance Auto Parts as they right size their portfolio for the future,” said Michael Burden, co-head of North America Real Estate at Gordon Brothers... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://chainstoreage.com/news-briefs/2025-12-09?article%3Dadvance-auto-parts-puts-83-properties-market%26utm_source%3Dnewsletter.credaily.com%26utm_medium%3Dnewsletter%26utm_campaign%3Djll-forecasts-rising-complexity-in-2026-construction-outlook%26_bhlid%3D7ab6d3ae3ace5a209a80ad64f8f8dabbf0fe9e96&amp;source=gmail&amp;ust=1765634602457000&amp;usg=AOvVaw0J12mh1xp9-EeUZ16C9xRQ"> Read Full Article... </a> </p> </div> Fri, 12 Dec 2025 17:31:00 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapff997732 thumbnail main image https://www.marcperlof.com/my-postc8f316e0 <div data-rss-type="text"> <p> <span> By Marc Perlof | MarcRetailGuy <br/> <br/> December 8, 2025 <br/> </span> </p> <p> <span> <br/> </span> </p> <p> <span> If you own retail real estate, here’s what just changed for you. </span> </p> <p> <span> <br/> In uncertain markets, retail property owners feel the pressure first. Daily swings in interest rates, consumer confidence, and capital flows make it hard to predict what comes next. The challenge is simple: volatility throws doubt over every decision. The action you take today determines your cash flow tomorrow. And the result can be a stronger, more resilient investment position if you know where to move. </span> </p> <p> <span> <br/> Right now, investors are navigating mixed economic signals. Retail sales grew 3.9% year-over-year in Q3, yet borrowing costs remain elevated compared to the pre-2022 cycle¹. Inflation is at a 3.0% annual rate, but pricing remains sticky in service categories². These contradictions create hesitation for many owners. The smart operators don’t freeze. They pivot. They tighten operations, sharpen underwriting, and prepare their assets for the moment clarity returns. </span> </p> <p> <span> <br/> Here’s what the most experienced ownership groups are doing: <br/> • Stress testing rents, renewals, and expense loads using conservative economic assumptions³ <br/> • Re-underwriting tenant credit and evaluating exposure to weaker retail categories <br/> • Focusing on assets in trade areas with above-average household income growth³ <br/> • Front-loading maintenance and capital planning to preserve NOI predictability <br/> • Positioning properties for refinancing when spreads tighten and lenders re-enter the market³ </span> </p> <p> <span> <br/> Data points worth watching: <br/> Retail vacancy nationwide is hovering around 4.3%-5.8%⁴. <br/> Investment sales volume is down 35% year-over-year, but cap rates widened only modestly, showing continued buyer appetite for quality⁴. </span> </p> <p> <span> <br/> When markets are noisy, the winners keep discipline. They stay focused on fundamentals that never go out of style: tenant quality, location strength, and consistent reporting. Volatility rewards the prepared, not the passive. </span> </p> <p> <span> <br/> If you want clarity on how today’s market impacts the value of your specific property, I can break it down with precision. Call or DM me for more information. </span> </p> <p> <span> <br/> What strategic move are you avoiding today that could protect your property’s value  </span> </p> <p> <span> tomorrow? </span> </p> <p> <span> <br/> #RetailRealEstate #CREInvesting #MarketInsights #NetLease #CommercialProperty <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <strong> Disclaimer </strong> </p> <p> <span> This post is for information only. It is not legal, tax, or financial advice. Always check with a licensed professional before making decisions. </span> </p> <p> <span> <br/> </span> </p> <p> <strong> <br/> Footnotes </strong> </p> <p> <a href="https://www.bls.gov/bls/shutdown.htm" target="_blank"> ¹ https://www.census.gov/retail/index.html <br/> ² https://www.bls.gov/cpi/ <br/> ³ https://www2.deloitte.com/us/en/pages/real-estate/articles/commercial-real-estate-outlook.html <br/> ⁴ https://www.cbre.com/insights/books/us-retail-figures-q3-2025 </a> </p> <p> <span> <br/> </span> </p> <p> <br/> </p> <p> <span> <br/> </span> </p> <p> <span> <br/> </span> <span> © 2025 Marc Perlof Group. All rights reserved. </span> <span> <br/> </span> <span> <br/> </span> </p> </div> Mon, 08 Dec 2025 15:27:08 GMT https://www.marcperlof.com/my-postc8f316e0 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapf2c36286 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE-Daily-Briefs-Images-2025-12-04T063024.327.webp" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> CRE Lending Rebounds as Banks Navigate Distress Risks </strong> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> According to Bisnow, banks are reentering the commercial real estate market after a multi-year pullback. Loan origination volumes hit $227B in the first nine months of 2025. That marks an 85% jump over last year and is nearly back to 2019 levels, according to Newmark. </span> </p> <p> <span> Multifamily assets led the surge. These properties received about half of the loans originated in Q2. Even the office sector—largely avoided in recent years—is seeing renewed lending activity... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/cre-lending-rebounds-as-banks-navigate-distress-risks/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=banks-tiptoe-back-into-cre-lending-even-as-old-troubles-stick-around&amp;_bhlid=ba63448cc2cf8aa3f41b98370b0314e6c4ead754" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-12-05+at+7.01.28-AM.png" alt="A blurry picture of a clothing store with clothes on display."/> </a> </div> <div data-rss-type="text"> <p> <strong> Chicken wars heat up with latest Raising Cane’s expansion </strong> <span> <br/> <br/> </span> </p> <p> <span> Raising Cane’s Chicken Fingers is ending the year with a surge of new stores. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The Plano, Texas-based chain said it plans to open 14 restaurants across the country in December, bringing its brick-and-mortar presence to more than 950 locations. There has been “a steady rhythm of grand openings throughout 2025” as Raising Cane’s “continues to grow its national footprint,” according to the company. It will have rolled out nearly 100 restaurants this year, according to a spokeswoman for the chain... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1944560736/chicken-wars-heat-up-with-latest-raising-canes-expansion?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p2&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc2NDg2Njk3M30.VhYgh7wgy5WoERRr5wT2-EX--R78dDvo3WKzK9rk2IU" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_2261730797.jpg" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> CoStar: Retail vacancy rates to rise in first half of 2026 </strong> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> Retail construction starts have fallen sharply amid rising costs. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> That’s according to a forecast from CoStar, a global provider of online real estate marketplaces company, information and analytics in the property markets. Following positive demand and a slowdown in store closures during the third quarter of 2025, the near-term U.S. retail outlook includes a rise in vacancy rates through the first half of 2026, peaking under 4.4% in the latter half of the year... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/costar-retail-vacancy-rates-rise-first-half-2026?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGeeI-VXigGyK1_TCG_yUzap_1gaL6pJS5uLEaJNbwLCRUZYnNFkmsP6Sk8G0yRuM_1lNHVRN-YnpFyRUtKdqQ155tfMtDrs3gTluNhXjiusu2u" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-12-05+at+7.15.33-AM.png" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Papa Johns to open 52 locations across mid-Atlantic </strong> <span> <br/> </span> <span> <br/> </span> <span> Papa Johns plans to open 52 restaurants in the next five years across greater Philadelphia, Baltimore and Washington, D.C., through a franchisee as the global pizza chain reduces its percentage of corporate ownership. </span> </p> <p> <span> Papa John's International, a chain that does business as Papa Johns and calls itself the world's third-largest pizza delivery company, said another franchisee took ownership of 85 of its shops around the mid-Atlantic region. The chain, based in Atlanta, Georgia, and Louisville, Kentucky, has about 6,000 restaurants in roughly 50 countries and territories... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1208017383/papa-johns-to-open-52-locations-across-mid-atlantic?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=commercial-real-estate-out-of-favor-but-maybe-not-for-long&amp;_bhlid=4d286ede81add6f3a8abfecca8f065420124ef89" target="_blank"> ReadFull Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/elpollolocorestaurant-1.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> How Passion and Purpose Are Fueling El Pollo Loco’s Next Chapter </strong> <span> <br/> <br/> El Pollo Loco CEO Liz Williams had been a fan of the brand years before becoming part of the team.  </span> </p> <p> <br/> </p> <p> <span> She lives in Southern California, where the fast casual is based. The executive also previously worked for Taco Bell, which has a corporate office minutes away from El Pollo Loco’s Support Center.  </span> </p> <p> <span> When Williams received the call to consider the opportunity, she had the same question on her mind as everyone else... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/how-passion-and-purpose-are-fueling-el-pollo-locos-next-chapter/?spMailingID=180399&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=180399"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/lahaina-hi-dec-2020-old-lahaina-storefronts-lahaina-maui-waterfront-1-2048x1365.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Retail Rebound Drives Discount Store Expansion Nationwide </strong> </p> <p> <span> <br/> </span> <span> After a slow start to 2025 with bankruptcies and weak demand, retailers rebounded strongly in the  </span> <a href="https://www.wsj.com/business/retail/retailers-are-snatching-up-real-estate-again-02e8b81b" target="_blank"> third quarter </a> <span> , reports WSJ. According to CoStar, tenants absorbed 5.5M more SF than they vacated—a sharp contrast to earlier quarters when closures outpaced openings. </span> </p> <p> <br/> </p> <p> <span> The retail vacancy rate remained tight at 4.3%, thanks in part to minimal new construction. With few new builds in the pipeline, expanding retailers are increasingly snapping up second-generation space left behind by struggling brands... </span> <span> <br/> </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/retail-rebound-drives-discount-store-expansion-nationwide/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=banks-tiptoe-back-into-cre-lending-even-as-old-troubles-stick-around&amp;_bhlid=0d9ef8c80384c8ff7bd348d8e3497c6c95c22fca" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/dollar_tree.jpeg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Dollar Tree posts strong Q3 on heels of ‘record’ Halloween sales, lifts guidance </strong> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> Dollar Tree Inc. reported an upbeat third quarter that beat Street estimates and raised its full-year earnings outlook as its multi-price format continues to attract more higher-income shoppers. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> On the company's earnings call, CEO Mike Creedon said that Dollar Tree had 3 million more households shop with the chain during the third quarter of this compared to last year. </span> </p> <p> <br/> </p> <p> <span> “Approximately 60% of these incremental shoppers came from high-income households, those earning over $100,000," he told analysts... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/dollar-tree-posts-strong-q3-heels-record-halloween-sales-lifts-guidance?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGeiADkCxCxk_eT_mOtlLUk1cx7hRXR6DZwt_0enem7U0UjuQsRe-dA-HdwQSR8ApdxCCK_K3rAPp36xnwoc2BYJwwrgitT75a5Pzzf-oZTVSXH"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/americaneagle_0.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> American Eagle sales rise on strong performance by Aerie; raises Q4 outlook </strong> </p> <p> <span> <br/> </span> </p> <p> <span> American Eagle Outfitters Inc. sustained its momentum during the third quarter as the company delivered earnings and “record” sales that topped Wall Street expectations. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The apparel retailer also raised its full-year forecast and sounded a confident note about the holiday season, saying its “strong momentum” had continued into the fourth quarter... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/american-eagle-sales-rise-strong-performance-aerie-raises-q4-outlook?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGeiADkC2m561SOpKA0Nc7h4z_5jndhe6DOqGuishSxhxNSoCSpm65MWv3pFPtgvszttUnrAGcsw2tJRmXH7OZ7RyPlh3EvF4_s-k9ZCc3fkQL0" target="_blank"> Read Full Article... </a> </p> </div> Fri, 05 Dec 2025 12:37:31 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapf2c36286 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapc91d7d08 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-11-28+at+12.27.46-AM.png" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> US cancels release of CPI report for October because of government shutdown </strong> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> WASHINGTON, Nov 21 (Reuters) - The U.S. Bureau of Labor Statistics said on Friday it had canceled the release of October's consumer price report because the recently ended government shutdown had prevented the collection of data. </span> </p> <p> <span> "BLS is unable to retroactively collect these data. For a few indexes, BLS uses nonsurvey data sources instead of survey data to make the index calculations," the BLS said in a statement... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.reuters.com/world/us/us-cancels-release-cpi-report-october-because-government-shutdown-2025-11-21/"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/figs_nyc_store.jpg" alt="A blurry picture of a clothing store with clothes on display."/> </a> </div> <div data-rss-type="text"> <p> <strong> Figs opens new physical location in NYC </strong> <span> <br/> <br/> </span> </p> <p> <span> A popular healthcare apparel brand has opened its third brick-and-mortar location. </span> </p> <p> <span> Figs opened its newest store, which the brand calls Community Hubs, in New York City’s Upper East Side on Nov. 15. Figs says the new store is designed to provide shoppers with an immersive experience, including a Color Clinic and a Customization Station. The store features pill chandeliers, seating areas, and “modern-meets-medical” inspired fixtures... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/figs-opens-new-physical-location-nyc?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_Weekend&amp;mkt_tok=ODI1LUxTUC01NDUAAAGeSoVavodMs1M1LU9VNUKhN45zI0myNazh4gihGNZVeTj0Rh3Jn-oZGt74-uIVBCV3k-nlcG5kAcbFLTSsbVjCK_rDeE77O-DLnm3NpMUGZ4W4" target="_blank"> Read FullArticle... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/KFL_Reimagined_BayPlaza_1HERO.webp" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> Dick’s turnaround at Foot Locker includes store closures, inventory reset </strong> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> Dick’s is already testing improvements at 11 Foot Locker stores and named a new head of international for the business. </span> </p> <p> <br/> </p> <p> <span> <span> In its first quarter reporting as a combined business, Dick’s Sporting Goods Executive Chairman Ed Stack said it was time to “clean out the garage” at Foot Locker in an effort that will span stores, inventory and other assets. </span> </span> </p> <p> <span> For starters, the company is focused on clearing out unproductive inventory across Foot Locker’s business and will close an unspecified number of stores. The company will also rightsize assets “that don’t align with our go-forward vision,” per a release... </span> </p> <p> <br/> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.retaildive.com/news/dicks-foot-locker-turnaround-store-closures-inventory-clearance/806411/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Issue:%202025-11-25%20Retail%20Dive%20Newsletter%20%5Bissue:79239%5D&amp;utm_term=Retail%20Dive" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/tt_supermarket_millbrae.jpg" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> T&amp;T Supermarket grows California expansion plans </strong> <span> <br/> </span> <span> <br/> </span> <span> T&amp;T Supermarket is adding another California location to its 2026 roster. </span> </p> <p> <br/> </p> <p> <span> Canada’s largest Asian grocery chain will open a 52,000-sq.-ft. store in Millbrae at Friendship Plaza in winter 2026. Located in the southern portion of the San Francisco Peninsula, the store will serve several communities in the Bay Area. </span> </p> <p> <span> Looking ahead to 2026, T&amp;T has several California stores underway including in San Jose, San Francisco, Irvine and Chino Hills. The retailer currently operates two U.S. stores in Bellevue and Lynnwood, Wash. It entered the U.S. market in December 2024... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2025-11-21?article=tt-supermarket-grows-california-expansion-plans"> ReadFull Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/gap.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Gap beats Street as same-store sales surge in Q3 </strong> </p> <p> <span> <br/> Gap Inc. is crediting a viral campaign for driving revenue at its namesake brand and contributing to its strongest same-store sales in years.  </span> </p> <p> <span> The specialty apparel retailer reported third quarter net income of $236 million, down roughly 14% from $274 million during the same period last year. Diluted earnings fell to $0.62 from $0.72, but beat Wall Street estimates of $0.59. CNBC reports that Gap CFO Katrina O’Connell attributed declining profit </span> <a href="https://www.cnbc.com/2025/11/20/gap-q3-2025-earnings.html" target="_blank"> s </a> <span>  to the impact of tariffs, which the retailer previously warned about in its first-quarter fiscal 2025 earnings release... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/gap-beats-street-same-store-sales-surge-q3?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGeVIGst1Beng1ZUA_W3wWDzhGavXFuv7YRGCZ7rW3zXfmvD3AzjXONWvM2dDkm80QyzULHQKSXt17SI-CEjLAN_5_LWFsWqY6lcNgJaoX3oVS9"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/belk-ext_0.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Belk to open new store concept — here are the locations </strong> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> Belk Inc. is going smaller. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The 136-year-old regional department store retailer will unveil a new store concept in December in two locations: The Grove at Wesley Chapel in Wesley Chapel, Fla., and The Centre at Preston Ridge in Frisco, Texas. The new Belk Market stores will offer a curated assortment of top national and private label brands in a smaller footprint of 25,000 to 30,000 sq. ft. The company is working on additonal locations to open in 2026... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/belk-open-new-store-concept-here-are-locations?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGeXs5d7ZaB5SrsD5aXDL7GSrpMSiAr1BuBkQAWr8t_BxS2nqWWIIT37Vt62kTM3_nTkfM-TsiOuTYbOFknbfew_M-bQdhlC1O0b6L0ShmSwKcg"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_1352914586_1.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Abercrombie &amp; Fitch Q3 tops estimates, fueled by strong growth at Hollister </strong> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> Abercrombie &amp; Fitch Co. reported a better-than-expected third quarter as surging sales for its Hollister brand offset continuing softening sales at its namesake division. </span> </p> <p> <br/> </p> <p> <span> <span>  </span> Net income totaled $113 million, or $2.36 per share, for the quarter ended Nov. 2, compared with $131.98 million, or $2.50 per share, a year earlier. Analysts had expected earnings of $2.16 per share... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/abercrombie-fitch-q3-tops-estimates-fueled-strong-growth-hollister?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGeXs5d7Pr3A_28LYrmReBD9zlXvFtI3_osuCBPcp2IX4WOxR_srtf_3V_68AYRC28gsO7gtl_RWaW2qKFlx-o0UzJbSYdeKi69PM9hehO_LeTU"> ReadFullArticle... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/kirklands-96871487.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Bed, Bath &amp; Buy to acquire Brand House Collective; will close 40-plus stores </strong> <span> <br/> <br/> </span> </p> <p> <span> Bed, Bath &amp; Buy Inc. has entered into a merger deal that will see it acquire The Brand House Collective (formerly Kirkland’s) for $26.8 million in a move to create an “everything home” company. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The deal, which has been unanimously approved by boards of both companies, is expected to close in the first quarter of 2026 pending shareholder approval and the consent of lender Bank of America. The two companies have been working together since September 2024, when Kirkland’s entered into a deal that would result in the return of Bed Bath &amp; Beyond brick-and-mortar stores to the U.S. retail landscape... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/bed-bath-buy-acquire-brand-house-collective-will-close-40-plus-stores?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGeXs5d7BSKOe8_p4bVr9FF1tRMG3yqmzOPW4i_liaQh2Ip-y-hiEDAOI84qGyaqJrO0UBgGoB0EZVP7ZvGrjCsHzD0aQzeeD93iiFs2asUxGZv" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-11-28+at+12.58.18-AM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> As holiday shopping gets underway, here are 10 features that make malls successful </strong> </p> <p> <span> <br/> </span> </p> <p> <span> This year's holiday season is expected to be a shopping record breaker. </span> </p> <p> <br/> </p> <p> <span> For the first time ever, spending is projected to surpass $1 trillion, according to the National Retail Federation. And 186.9 million people are planning to shop during the upcoming Black Friday weekend, another high point. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> Malls that have kept up with the times are likely to attract healthy foot traffic and revenue for the holidays, just as they do during other times of the year, according to retail analysts... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1152348975/as-holiday-shopping-gets-underway-here-are-10-features-that-make-malls-successful?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p1&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc2NDI2MTE1M30.UPbeq6jXY9XqU-CpfRPne8oBWXO_PxDQVQ075C4pC0w" target="_blank"> Read Full Article... </a> </p> </div> Fri, 28 Nov 2025 06:18:12 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapc91d7d08 thumbnail main image https://www.marcperlof.com/my-post3373a751 <div data-rss-type="text"> <p> <span> By Marc Perlof | MarcRetailGuy </span> </p> <p> <span> <br/> </span> </p> <p> <span> November 24, 2025 </span> </p> <p> <span> <br/> If you own retail real estate, here is what just changed for you. </span> </p> <p> <span> <br/> Thanksgiving is more than a holiday. It is a powerful signal for retail property owners. The National Retail Federation (NRF) expects U.S. holiday retail sales for November and December 2025 to grow between 3.7 percent and 4.2 percent and reach $1.01 trillion to $1.02 trillion. This is the first time total sales are projected to pass one trillion dollars.¹ Deloitte reports that average planned consumer spending is down about 10 percent, dropping to $1,595 per shopper.² The message is simple. More total dollars will be spent, but buyers are more selective. Tenants will need to compete harder, and property owners must watch how each tenant responds. </span> </p> <p> <span> <br/> Online spending is projected to hit $253.4 billion in 2025, a 5.3 percent increase from last year.³ Mobile sales will account for more than half of online revenue. Shoppers are also starting earlier. More than 40 percent of U.S. consumers plan to begin their holiday purchases before Thanksgiving.⁴ This changes how centers must prepare and how landlords evaluate performance. </span> </p> <p> <span> <br/> Retail property owners should focus on the tenant mix. Essential goods and value driven retailers will perform best in a tighter spending environment. Thanksgiving is now a benchmark moment. Measure your property’s traffic and compare it to these national trends. If a tenant is not matching market movement, this is your chance to reposition the space or begin renewal conversations with real data. </span> </p> <p> <span> <br/> Call or DM me for more information. I can walk you through how this Thanksgiving period can guide your 2026 leasing and investment strategy. </span> </p> <p> <span> <br/> Thought provoking question. Are you using your Thanksgiving performance as a true scorecard for the year ahead? </span> </p> <p> <span> <br/> #retailrealestate #holidayretailtrends #commercialrealestate #retailinvestment #holidaypropertystrategy </span> </p> <p> <span> <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <strong> Disclaimer </strong> </p> <p> <span> This post is for information only. It is not legal, tax, or financial advice. Always check with a licensed professional before making decisions. </span> </p> <p> <span> <br/> </span> </p> <p> <strong> <br/> Footnotes </strong> </p> <ol> <li> <a href="https://www.bls.gov/bls/shutdown.htm" target="_blank"> “NRF Expects Holiday Sales to Surpass $1 Trillion for the First Time in 2025.” National Retail Federation. Nov 6 2025. </a> </li> <li> <a href="https://www.bls.gov/bls/shutdown.htm" target="_blank"> Deloitte Insights, “2025 Holiday Retail Sales &amp; Consumer Survey.” Deloitte. 2025. </a> </li> <li> <a href="https://www.bls.gov/bls/shutdown.htm" target="_blank"> Adobe Analytics, “2025 Holiday Shopping Trends,” Forecast. 2025.  </a> </li> <li> <a href="https://www.bls.gov/bls/shutdown.htm" target="_blank"> Retail Dive, “How Consumers Will Get Through the Holidays This Year.” 2025.  </a> </li> <li> <a href="https://www.bls.gov/bls/shutdown.htm" target="_blank"> NIQ, “Thanksgiving Consumers 2025 – Who Will Celebrate and How They’ll Spend.” 2025. </a> <a href="https://www.bls.gov/cpi/overview.htm" target="_blank"> <br/> </a> <span> <br/> </span> </li> </ol> <p> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> <br/> </span> <span> © 2025 Marc Perlof Group. All rights reserved. </span> <span> <br/> </span> <span> <br/> </span> </p> </div> Mon, 24 Nov 2025 11:38:54 GMT https://www.marcperlof.com/my-post3373a751 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap4af9eae6 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/under_armour-ext_0-54e50c20.jpeg" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Under Armour restructuring includes split from its biggest star </strong> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> Under Armour is parting ways with basketball star Stephen Curry as part of a restructuring initiative that includes focusing on its namesake brand. The athletic apparel and footwear company said it plans to separate Curry Brand from Under Armour, ending a partnership “that has redefined performance product and athlete-led storytelling for more than a decade.” Under Armour had long played up its partnership with 11-time NBA All-Star... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/under-armour-restructuring-includes-split-its-biggest-star?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGeMHbz85CqQrR-bwwRqICOBgUsoL6j0hqm1O2upltH_YctEUyJYYX5WMG2FNxuVwQP2tBgyHj3OWeUxmMDKv7ytjz4P8ViU-efJRYLVbw69t9s"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/GettyImages-1868368618.webp" alt="A blurry picture of a clothing store with clothes on display."/> </a> </div> <div data-rss-type="text"> <p> <strong> Retail roulette: How Trump’s tariffs altered buying </strong> <span> <br/> <br/> </span> </p> <p> <span> Ever-changing tariff rates have introduced uncertainty and confusion for retail buyers. But could they also present an opportunity for new supply chain strategies? </span> </p> <p> <br/> </p> <p> <span> With the Trump administration’s approach to tariffs, yesterday’s price is not today’s price. </span> </p> <p> <span> Retailers may have found this to be particularly true this year as tariff rates have fluctuated at a pace rarely seen before. The on-again, off-again approach has impacted the ability to predict costs of goods from suppliers retailers have typically leaned on, impacting a buying process that often relies on </span> <strong>   </strong> <span> historical data... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/best-buy-opens-first-ever-store-ikea-shops-select-locations?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGeDGiA5T4MNeApzcsGw4GehdyCUad_3uSJZTIB6XQlH6TYW0R_q5iPpuLHmX4Vmlj7tYSr1M0gSu8MweeAVMDl7JDDCCzOaj8WFzvUhpbR6c2shttps://chainstoreage.com/best-buy-opens-first-ever-store-ikea-shops-select-locations?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGeDGiA5T4MNeApzcsGw4GehdyCUad_3uSJZTIB6XQlH6TYW0R_q5iPpuLHmX4Vmlj7tYSr1M0gSu8MweeAVMDl7JDDCCzOaj8WFzvUhpbR6c2s" target="_blank"> Read Full </a> <a href="https://www.retaildive.com/news/trump-tariffs-retail-merchant-buying-holiday-behavior-patterns/805578/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Issue:%202025-11-18%20Retail%20Dive%20Holiday%20Edition%20%5Bissue:78953%5D&amp;utm_term=Retail%20Dive:%20Holiday%20Edition%20Recipients" target="_blank"> Article </a> <a href="https://chainstoreage.com/best-buy-opens-first-ever-store-ikea-shops-select-locations?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGeDGiA5T4MNeApzcsGw4GehdyCUad_3uSJZTIB6XQlH6TYW0R_q5iPpuLHmX4Vmlj7tYSr1M0gSu8MweeAVMDl7JDDCCzOaj8WFzvUhpbR6c2shttps://chainstoreage.com/best-buy-opens-first-ever-store-ikea-shops-select-locations?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGeDGiA5T4MNeApzcsGw4GehdyCUad_3uSJZTIB6XQlH6TYW0R_q5iPpuLHmX4Vmlj7tYSr1M0gSu8MweeAVMDl7JDDCCzOaj8WFzvUhpbR6c2s" target="_blank"> ... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-11-21+at+1.29.11-PM.png" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> Expanding retailers face space crunch; Tariffs expected to slow global trade growth; Residential lending conditions ease </strong> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> Expanding retailers face space crunch </span> </p> <p> <span> National retailers looking to boost the number of their locations face rising challenges as U.S. retail construction remains limited. Those companies will increasingly be turning to “second generation” spaces vacated by others as conditions favor small formats over big boxes, according to the latest national retail trends report from brokerage JLL... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/2014828918/expanding-retailers-face-space-crunch-tariffs-expected-to-slow-global-trade-growth-residential-lending-conditions-ease?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p4&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc2MzY1ODE1M30.NBD19sJFWqZBYVIzhF4DmhUuMqhuq94Osb9rVFrnmOg" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-11-21+at+1.31.35-PM.png" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Home Depot lowers outlook as soft housing market cuts its sales </strong> <span> <br/> <br/> </span> <span> <br/> </span> <span> Saks Off 5th will be closing 10 stores scattered across the United States as its parent, luxury retail giant Saks Global, looks to streamline its brick-and-mortar property. </span> </p> <p> <span> <br/> </span> </p> <p> <span> The off-price chain with 79 locations now has slated nine stores for closing starting early next year, New York-based Saks Global confirmed in an email to CoStar News. A 10th location, at 125 E. 57th St. in Manhattan, will go dark on Dec. 31 as the building that houses it is converted from commercial to residential use. That prompted Saks Off 5th's decision to exit that retail site... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1572667493/saks-off-5th-gets-ready-to-shut-stores-across-country?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=q3-marks-inflection-point-for-logistics-real-estate-market&amp;_bhlid=ae335b98241345990a41372a016090e50701ca8a" target="_blank"> Read Full </a> <a href="https://www.costar.com/article/1032800592/home-depot-lowers-outlook-as-soft-housing-market-cuts-its-sales?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=brookfield-launches-10b-fund-to-build-out-ai-infrastructure&amp;_bhlid=c8c31cbaa789e442a45572cae523f10a466327ea" target="_blank"> Article </a> <a href="https://www.costar.com/article/1572667493/saks-off-5th-gets-ready-to-shut-stores-across-country?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=q3-marks-inflection-point-for-logistics-real-estate-market&amp;_bhlid=ae335b98241345990a41372a016090e50701ca8a" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/austin_exterior_0.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Bombas teams with Leap, Shopify and Simon for brick-and-mortar expansion </strong> <span> <br/> <br/> Direct-to-consumer sock brand Bombas continues its push into physical retail. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> Best known for its comfortable socks and “buy one, donate one’ business model, Bombas has opened third-ever retail location, at The Domain in Austin, Texas. The opening follows the October debut of the brand’s first-ever stores, at Town Center in Boca Raton, Fla., and New York City. All three stores offer the company's full product assortment, which has expanded beyond socks to include underwear, T-shirts, slippers, slides and more... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/bombas-teams-leap-shopify-and-simon-brick-and-mortar-expansion?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGeNZvfZ8OKjKcx3742pk1a2VW-T_QnZcwWAuemguwiAtwf3K0R0NvkKdOPxo-VMD4fMfHQ5zZGWVlWwNmoAMHYSfD4fA6G6FABUJyMuxVWUhJh" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/post_road_center-pelham-lmc.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Burlington to fill empty Modell’s space in Westchester County </strong> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> Post Road Plaza in Pelham Manor, N.Y., is once again fully occupied. </span> </p> <p> <br/> </p> <p> <span> Burlington Stores has signed lease for a 30,500-sq.-ft. space at the center that was vacated by Modell’s in 2020, and Gloss Nail Bar &amp; Lash closed on a 3,500-sq.-ft. space. Post Road Plaza sits across the street from a BJ’s Wholesale Club and serves high-income Westchester residents as well as customers from the nearby Bronx... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/burlington-fill-empty-modells-space-westchester-county?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_Weekend&amp;mkt_tok=ODI1LUxTUC01NDUAAAGeJnjLY5cWfda7T1EKY2yx2FsGb4Vib3U_jRlAXTbr5fVtPVwtedgbpX4LZJwv5hytyis5O6UUDg-5CwvSvKHZlJiwWDTLqfWFeFvqSv2X3Agc" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/lifestyle-scene-from-ordinary-mall-america-scaled.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Retail Analytics Drive Smarter Site Selection In Crowded Markets </strong> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> For brands like Chipotle, with 50+ Manhattan locations, the challenge isn’t entry—it’s optimizing within a saturated market. Kenneth Hochhauser, EVP at RTL, says every new site must be backed by rigorous data analysis to justify its value, reports GlobeSt. This is especially true in dense urban environments... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/retail-analytics-drive-smarter-site-selection-in-crowded-markets/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=brookfield-launches-10b-fund-to-build-out-ai-infrastructure&amp;_bhlid=e438a3ac52108e226b42d308f1698ede47587c74" target="_blank"> Read Full Article... </a> </p> </div> Fri, 21 Nov 2025 19:14:19 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap4af9eae6 thumbnail main image https://www.marcperlof.com/cpi-freeze-how-the-shutdown-could-stall-your-retail-rent-increases-overnight <div data-rss-type="text"> <p> <span> By Marc Perlof | MarcRetailGuy </span> </p> <p> <br/> </p> <p> <span> November 17, 2025 </span> </p> <p> <br/> </p> <p> <span> If you own retail real estate, here’s what just changed for you. </span> </p> <p> <span> <br/> </span> </p> <p> <span> A federal government shutdown does more than close offices. It also stops the Bureau of Labor Statistics (BLS) from releasing new CPI numbers. When CPI data pauses, retail landlords who use CPI rent increase clauses lose the main tool they need to calculate yearly rent changes¹. Your rent bumps, cash flow plans, and long-term property value all depend on this number. If the data stops, your rent adjustment stops too. </span> </p> <p> <br/> </p> <p> <span> Many retail leases use CPI to keep rent in line with commercial real estate inflation. But during a shutdown, no new CPI is published². That means you cannot figure out the exact increase for the year. Tenants may ask for delays. Owners may wait to invoice. Even a short shutdown can slow down your whole rent escalation schedule. </span> </p> <p> <span> <br/> </span> </p> <p> <span> What retail property owners should do now: </span> </p> <p> <span> • Read your lease. Many say to use the “most recently published CPI” when new data is not out yet³. </span> </p> <p> <span> • Keep clear records. Save the CPI number used during your last adjustment⁴. </span> </p> <p> <span> • Use the latest CPI available until new numbers return. Then, if allowed, issue a catch-up increase. </span> </p> <p> <span> • Watch federal updates so you can recalculate as soon as CPI reporting restarts. </span> </p> <p> <span> <br/> </span> </p> <p> <span> The impact is real. The 2019 shutdown delayed more than 40 major economic reports⁵. CPI covers over 90 percent of the U.S. population, which means almost all CPI-linked retail leases rely on it⁶.  </span> </p> <p> <span> <br/> </span> </p> <p> <span> If your rent increases use CPI, now is the time to review your lease and prepare for any catch-up adjustments. Call or DM me if you want help breaking this down. </span> </p> <p> <span> <br/> </span> </p> <p> <span> How would a delayed rent increase change your NOI over the next 12 months? </span> </p> <p> <span> <br/> </span> </p> <p> <span> #CPI #RetailRealEstate #LeaseEscalation #CREOwners #InvestmentStrategy </span> </p> <p> <span> <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <strong> Disclaimer </strong> </p> <p> <span> This post is for information only. It is not legal, tax, or financial advice. Always check with a licensed professional before making decisions. </span> </p> <p> <span> <br/> </span> </p> <p> <strong> <br/> Footnotes </strong> </p> <ol> <li> <a href="https://www.bls.gov/bls/shutdown.htm" target="_blank"> Bureau of Labor Statistics – Contingency Plan DuringFederalShutdown </a> </li> <li> <a href="about:blank" target="_blank"> International Council of Shopping Centers (ICSC) – Research Library on CPI-linked Leases </a> </li> <li> <a href="https://www.icsc.com/news-and-views/research" target="_blank"> ICSC – Lease Structure Research </a> <span>   </span> </li> <li> <a href="https://www.boma.org/BOMA/Research-Resources/" target="_blank"> BOMA – Lease Administration Resources </a> <span>   </span> </li> <li> <a href="https://crsreports.congress.gov/product/pdf/RL/RL34680" target="_blank"> Congressional Research Service – Government Shutdown Effects </a> </li> <li> <a href="https://www.bls.gov/cpi/overview.htm" target="_blank"> Bureau of Labor Statistics – CPI Methodology and Coverage  </a> </li> </ol> <p> <span> <br/> </span> </p> <p> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> <br/> </span> <span> © 2025 Marc Perlof Group. All rights reserved. </span> <span> <br/> </span> <span> <br/> </span> </p> </div> Mon, 17 Nov 2025 12:51:55 GMT https://www.marcperlof.com/cpi-freeze-how-the-shutdown-could-stall-your-retail-rent-increases-overnight thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap06080339 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/modern-gas-station-with-large-windows-brick-exterior-scaled.webp" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Net Lease Strength Driven By Food Tenants In Retail Market </strong> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> A new Marcus &amp; Millichap analysis highlights the resilience of the single-tenant net lease (STNL) retail market, reports GlobeSt. Food-centric tenants are playing a key role in maintaining stability. This comes despite several quarters of net relinquishment across the broader retail sector. Grocery stores, quick-service restaurants (QSRs), and convenience stores are driving that strength... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/net-lease-strength-driven-by-food-tenants-in-retail-market/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=cbre-lending-momentum-reaches-highest-level-since-2018&amp;_bhlid=ff1af1952b18f91f102880c9b7969900a9ce27d7" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/best-buy-ikea.jpg" alt="A blurry picture of a clothing store with clothes on display."/> </a> </div> <div data-rss-type="text"> <p> <strong> Best Buy opens first-ever in-store Ikea shops in select locations </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Ikea is moving into select Best Buy stores in Texas and Florida. </span> </p> <p> <span> The Swedish furniture giant and Best Buy Co. are partnering to open an in-store planning and shopping experience at 10 Best Buy stores. The shops are now live at six Best Buy stores, with three more to open in mid-November, and one later this winter... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/best-buy-opens-first-ever-store-ikea-shops-select-locations?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGeDGiA5T4MNeApzcsGw4GehdyCUad_3uSJZTIB6XQlH6TYW0R_q5iPpuLHmX4Vmlj7tYSr1M0gSu8MweeAVMDl7JDDCCzOaj8WFzvUhpbR6c2shttps://chainstoreage.com/best-buy-opens-first-ever-store-ikea-shops-select-locations?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGeDGiA5T4MNeApzcsGw4GehdyCUad_3uSJZTIB6XQlH6TYW0R_q5iPpuLHmX4Vmlj7tYSr1M0gSu8MweeAVMDl7JDDCCzOaj8WFzvUhpbR6c2s" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/cityscape-frankfurt-downtown-germany-scaled.webp" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> Branch Expansion Fuels PNC Push Into Sun Belt Markets </strong> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> PNC Financial Services Group plans to open 300+ new branches by 2030, expanding its retail banking network, reports CoStar. The bank’s latest move boosts its total investment in brick-and-mortar expansion to around $2B. </span> </p> <p> <span> <br/> </span> </p> <p> <span> Branch banking has declined in some regions due to digital trends. Still, PNC sees physical locations as key to building deposits and relationships... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/branch-expansion-fuels-pnc-push-into-sun-belt-markets/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=office-market-rebound-pushes-cre-giants-toward-record-profits&amp;_bhlid=3aee35191736ea3d472a3de18ce06f6c5ab12d0d" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-11-13+at+9.41.44-PM.png" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Saks Off 5th gets ready to shut select stores across country </strong> <span> <br/> </span> <span> <br/> </span> <span> Saks Off 5th will be closing 10 stores scattered across the United States as its parent, luxury retail giant Saks Global, looks to streamline its brick-and-mortar property. </span> </p> <p> <span> <br/> </span> </p> <p> <span> The off-price chain with 79 locations now has slated nine stores for closing starting early next year, New York-based Saks Global confirmed in an email to CoStar News. A 10th location, at 125 E. 57th St. in Manhattan, will go dark on Dec. 31 as the building that houses it is converted from commercial to residential use. That prompted Saks Off 5th's decision to exit that retail site... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1572667493/saks-off-5th-gets-ready-to-shut-stores-across-country?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=q3-marks-inflection-point-for-logistics-real-estate-market&amp;_bhlid=ae335b98241345990a41372a016090e50701ca8a" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-11-13+at+9.44.15-PM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Online retailer Wayfair’s brick-and-mortar foray leads to small-format store in Ohio </strong> </p> <p> <span> <br/> Online furniture retailer Wayfair will be testing a prototype for a small-format store in Ohio as it continues to expand its brick-and-mortar footprint. </span> </p> <p> <span> <br/> </span> </p> <p> <span> The Boston-based company said it will open a 70,000-square-foot store, roughly half the size of its existing and previously announced namesake physical locations, late next year in the Buckeye State. It's slated for 1552 Gemini Place in Columbus, adjacent to the Polaris Fashion Mall... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/2114318763/wayfairs-brick-and-mortar-foray-leads-to-small-format-store-in-ohio?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p8&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc2MzA1NDM4N30.Bsx9-Dplqslk5SuyEpGAKdBn6VlWa4jelavJrMAULCA" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/htstorefront.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Harris Teeter to expand footprint in three states </strong> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> Harris Teeter is growing its presence across the Southeast. <br/> </span> </p> <p> <span> The grocer, a division of The Kroger Co </span> <a href="https://chainstoreage.com/company/kroger?" target="_blank"> . </a> <span> , plans to open five stores across its region, which include expansion into new markets for the company. Harris Teeter is also planning to introduce fuel centers and pharmacies at each location... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2025-11-10?article=harris-teeter-expand-footprint-three-states" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/GettyImages-635717458.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Mexican Fast-Food Chains Closing Across US In 2025 </strong> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> Several Mexican fast-food chains across the U.S. have declared bankruptcy or announced the closure of multiple locations across the country, as the restaurant industry continues to face pressures. </span> </p> <p> <span> <br/> </span> </p> <p> <span> Why It Matters </span> </p> <p> <span> These closures highlight the ongoing pressures facing the restaurant industry, including rising labor and supply costs, shifting consumer habits since the COVID-19 pandemic, and competition from fast-casual and delivery-focused options... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.newsweek.com/mexican-fast-food-chains-closing-across-us-in-2025-11029579" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/shopping_center-007f1269.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Store Expansion News: October update </strong> </p> <p> <span> <br/> Retailers and restaurants alike made headlines in October with store expansions and new formats.  </span> </p> <p> <span> Here are the major stories as reported by Chain Store Age, starting with the most recent. </span> </p> <ul> <li> <strong> Shipley Donuts on track for 'record-setting' store expansion in 2025  </strong> <span> The Houston-based donut chain, which was acquired by a private equity firm earlier this year, has opened 25 new shops so far this year, including eight in the third quarter alone... </span> </li> </ul> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/store-expansion-news-october-update-0?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGeG9xPenDPVwmiDjyKfPsHnYgWREzitCY5qOBI4Jj5AkxXPV1mIcgqZMz2mtq1x6RusM4L0EnYL2agNnbpnHpbpXqrj1ALzAsNB-DyXkjXN0IX" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-11-13+at+9.54.41-PM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Where streaming meets shopping: Netflix unveils first immersive year-round entertainment venue </strong> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> Streaming giant Netflix is playing tribute to its roots at its first permanent entertainment-and-retail venue at a mall outside Philadelphia. </span> </p> <p> <br/> </p> <p> <span> A huge red envelope, a nod to the company's DVD-by-mail origins, frames the outside entrance to Netflix House at the King of Prussia mall in Pennsylvania. On the wall behind it, there's a colorful mural by a local Philadelphia artist, a mashup of characters from Netflix programming... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1328040312/where-streaming-meets-shopping-netflix-unveils-first-immersive-year-round-entertainment-venue?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p1&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc2MzA1Mzk0MX0.0U1_6SXeCJwx23zd13oxy7dkzSssnV2M48ydLA_qqog" target="_blank"> Read Full Article... </a> </p> </div> Fri, 14 Nov 2025 03:07:07 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap06080339 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap5741119a <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/proposed-digital-display-district-750x375.webp" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Santa Monica Considers Digital Billboard District for Third Street Promenade </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Santa Monica planning commissioners on Wednesday reviewed a controversial proposal to allow up to 16 large digital billboards on the Third Street Promenade and Santa Monica Place, generating significant debate over historic preservation, public safety and economic recovery efforts... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smdp.com/government-politics-2/santa-monica-considers-digital-billboard-district-for-third-street-promenade/?mos_caid=5476740&amp;mdstkn=FeEIB57qlSInwMP5LRdY5kPnNg%2FdNSgAPhsYbzmi4PkIjCpYSfCluKuVcUdKv5wq%2FMeysZT2Leqis0EOc5ufXjV4NhUdNbO5U7DQKoIpU7sM1eQjsL9RxoiCgCr2bp3kjHBk1nDWioiHwQieeger1c9rBB9NUfMZ4UGiCw22hk691T3iQpZqdO8qrKOdyIw7" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/tractor-supply_0-ec882a6a.jpg" alt="A blurry picture of a clothing store with clothes on display."/> </a> </div> <div data-rss-type="text"> <p> <strong> Tractor Supply upping store growth in 2026 </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Tractor Supply Company remains in expansion mode. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The nation’s largest rural lifestyle retailer reported record sales for its third quarter, during which it opened 29 stores. It's on track to open a total of 90 locations for the full year. Tractor Supply is ramping up its growth next year, with plans to open 100 new stores, CFO Kurt Barton said during the company’s third-quarter earnings call... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/tractor-supply-upping-store-growth-2026?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_Weekend&amp;mkt_tok=ODI1LUxTUC01NDUAAAGd3ijnJ3n_jg-DrvGsDwN4ubvnh11fe8OoRxjg4B5EcyhxLhdfRRwOcE6tnJ4_oydbh9M5lPgVC6ZdwT9BgXCLROk9Q6BgWNXdy0s8g0fyi-lY" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/unnamed-10.webp" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> Chi’s plan to save the city unanimously approved by Council </strong> </p> <p> <br/> </p> <p> <span> The Santa Monica City Council unanimously approved a comprehensive realignment plan Tuesday aimed at restoring public safety, revitalizing the downtown core and achieving fiscal stability by 2028, marking what officials called a pivotal moment for the coastal city's recovery from years of pandemic-era decline... <br/> </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smdp.com/featured/council-unanimously-approves-sweeping-realignment-plan/" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/carters+%281%29.jpg" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Carter’s to close 150 ‘low-margin’ stores, cut staff </strong> </p> <p> <span> <br/> </span> <span> Carter’s Inc. is upping its store closures and reducing staff as part of its ongoing effort to “right size” its cost structure and improve productivity as tariffs weighed on its profitability. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The nation’s largest apparel company dedicated to babies and young children now plans to close approximately 150 stores at lease expiration in North America during the next three years, an increase from its previously-disclosed target of approximately 100 locations. About 100 stores will go dark over the fiscal year 2025 and 2026 periods. The 150 stores collectively represent approximately $110 million in annual net sales on a last 12 months basis... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/carters-close-150-low-margin-stores-cut-staff?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_Weekend&amp;mkt_tok=ODI1LUxTUC01NDUAAAGd3ijnJxc7-rZGfnpjlUKb2XTLctw7EFOv6feNZSmYbyVWwFz-u--5VXK66HZlJXt_UMhD2DEmSJA-UbNMYjneHKEu716d4SO9egoqkwFwmet9" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-11-07+at+5.48.59-AM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Boot Barn saddles up for expansion, aims to double store count amid Western wear boom </strong> </p> <p> <span> <br/> Riding the Western wear craze, retailer Boot Barn has raised its target for stores to 1,200 locations, 300 more than its original goal and more than twice its current fleet. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The Irvine, California-based chain, with 489 brick-and-mortar retail sites now, said it was stepping up its expansion plans after a market analysis it conducted... </span> </p> <p> <span> <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1790890667/boot-barn-looks-to-stampede-into-new-markets?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=cmbs-delinquency-rate-climbs-again-in-october-as-office-hits-new-high&amp;_bhlid=906204dca1516e176c355382835772601ee8da35"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/venhub_la_union_station.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> VenHub opens autonomous convenience store at L.A.'s Union Station </strong> </p> <p> <span> <br/> </span> </p> <p> <span> A major travel hub is now home to a new 24/7 autonomous convenience store. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> VenHub Global, a developer of fully autonomous retail technology, has announced the opening of its newest "smart store" at Los Angeles Union Station, the largest railroad passenger terminal in the Western United States and one of the nation’s most iconic transportation hubs... <br/> </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/venhub-opens-autonomous-convenience-store-las-union-station?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGd8qjtNPo5BssHSlH454bKJNKv9aE6-ksc8N5TkwaXQRPZvo5VKJSa5zro8wsvfQoOJWefM-K0123YbmjBiMOWdCOYvYTDn2iU8-fyKSbkn-HY" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/pizza_hut.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Yum Brands reviewing options for Pizza Hut — including sale </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Yum Brands is undertaking a formal review of strategic options for its Pizza Hut brand, which could include a potential sale. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> In a statement, Yum Brands said the intent of the review was for Pizza Hut “to reach its full potential for the benefit of its franchisees, consumers, and employees and to maximize value for Yum shareholders...“ <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://chainstoreage.com/news-briefs/2025-11-04?article%3Dyum-brands-reviewing-options-pizza-hut-including-sale&amp;source=gmail&amp;ust=1762584997976000&amp;usg=AOvVaw0iRFfXuzVC93bSduA6xqv6" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-11-07+at+5.53.38-AM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Denny's to be taken private in $620 million deal by owner of TGI Fridays, P.F. Chang's </strong> <span> <br/> <br/> Casual-dining chain Denny’s is getting taken private in a deal valued at about $620 million by a group that includes the owner of TGI Friday's and P.F. Chang's. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> Denny’s as of June 25 operated nearly 1,500 mostly franchised restaurants worldwide, with a portfolio that includes 74 locations of Keke’s Breakfast Cafe, a chain that's also mainly franchised. The buyers are New York-based private equity firms TriArtisan Capital Advisors and Treville Capital Group, as well as Yadav Enterprises, an owner and operator of about 550 restaurants nationwide and one of the largest franchisees of both Denny's and Jack in the Box... </span> </p> <p> <br/> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/468072305/dennys-set-to-be-acquired-for-620-million?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=u-s-industrial-softens-as-vacancies-rise-and-tax-shifts-reshape-manufacturing&amp;_bhlid=dcc05087f9f62047cbff234a046012890f1625d1" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-11-07+at+6.04.47-AM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Urban Outfitters takes aim at Gen Z with new store format </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Urban Outfitters is rolling out a new concept to more stores in a bid to cater to Gen Z shoppers’ local preferences and a refreshed design. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The Philadelphia-based retailer last week brought the format to the Glendale Galleria in Glendale, California, following a debut last month at Citycentre in Houston. The new format is slated to expand to a third store next month, at the Westfield Montgomery Mall in Bethesda, Maryland. And it will launch at an additional seven locations across the United States next year, according to Urban Outfitters... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/877676563/urban-outfitters-takes-aim-at-gen-z-with-new-localized-store-format?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p6&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc2MjQ1MTg2NX0.CkNDUNx-F7sXCTWHCY22_hw0G0QnnAwm2TZmrM_FVqU" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/publix-fedbbbf5.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Publix Q3 sales rise 5.8% </strong> <span> <br/> <br/> </span> </p> <p> <span> Publix reported third-quarter growth across both its top and bottom lines. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> Net earnings totaled $1.2 billion, or $0.37 per share, for the quarter ended Sept. 27, up from $1.1 billion, or $0.33 per share, for the year-ago period. Adjusted earnings were $980 million, or $0.30 per share, compared to $930, or $0.28 per share, in 2024... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2025-11-03?article=publix-q3-sales-rise-58" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_1514743925.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Chick-fil-A opens new restaurant concept </strong> <span> <br/> <br/> </span> </p> <p> <span> Chick-fil-A is branching out. </span> </p> <p> <br/> </p> <p> <span> The popular quick-serve restaurant chain has debuted a new restaurant concept, called Daybright, featuring an array of specialty coffee drinks and some food items, reported AtlantaNewsFirst.com. Located in the Atlanta suburb of Hiram, Ga., the concept was created by Chick-fil-A innovation subsidiary, Red Wagon Ventures... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://chainstoreage.com/news-briefs/2025-10-31?article%3Dchick-fil-opens-new-restaurant-concept&amp;source=gmail&amp;ust=1762584997976000&amp;usg=AOvVaw2pILxxE1TD5210PJYyZfAb" target="_blank"> Read Full Article... </a> </p> </div> Fri, 07 Nov 2025 11:09:57 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap5741119a thumbnail main image https://www.marcperlof.com/fed-cuts-rates-but-why-retail-real-estate-still-pays-the-real-price <div data-rss-type="text"> <p> <span> By Marc Perlof | MarcRetailGuy <br/> <br/> </span> </p> <p> <span> November 3, 2025 </span> </p> <p> <span> <br/> If you own retail real estate, here’s what just changed for you. </span> </p> <p> <span> <br/> The Federal Reserve just lowered interest rates by a quarter point, the second cut this year, bringing the rate to 3.75%–4.00%³. The Fed also said it will stop reducing its balance sheet on December 1⁴, which should make banks more willing to lend. Inflation is close to 3.0%¹², still above the 2% goal, and the job market is slowing. </span> </p> <p> <span> <br/> That sounds like good news. But for retail real estate, the rate that really matters isn’t the Fed Funds Rate, it’s the 10-Year Treasury yield. </span> </p> <p> <strong> <br/> The Hype vs. the Reality </strong> <span> <br/> The Fed’s move grabs headlines, but retail investors and developers borrow money based on long-term rates, not short-term ones. <br/> <br/> </span> </p> <p> <span> Fed Funds Rate – short-term. Affects credit cards, small loans, and business confidence. <br/> <br/> </span> </p> <p> <span> 10-Year Treasury Yield – long-term. Sets the base for mortgage and commercial loan rates. <br/> <br/> </span> </p> <p> <span> Even if the Fed cuts rates again in December⁵, your loan rate won’t drop unless the 10-year yield also falls. Right now, that yield is about 4.0%, only a little lower than last quarter. Until it moves down more, borrowing costs for new projects and refinancing will stay high. </span> </p> <p> <strong> <br/> Why This Matters for Retail Property Owners </strong> <span> <br/> Lower short-term rates can help a little because banks can lend more easily. But construction, insurance, and labor costs are still expensive. <br/> <br/> </span> </p> <p> <span> In Southern California, even a small drop in rates can help restart stalled projects, especially mixed-use or SB 79-zoned sites near transit. Still, smart underwriting matters: what really drives profit is the gap between your borrowing cost and your property’s cap rate, not what the Fed says. <br/> <br/> </span> </p> <p> <span> Across the country, lower rates might bring more 1031 buyers back into the market. But long-term growth depends on whether inflation keeps cooling¹² and the 10-year yield continues to fall. </span> </p> <p> <strong> <br/> Investor Takeaways </strong> <span> <br/> When the Fed cuts rates, bonds and CDs pay less. That often pushes more money toward retail real estate, especially NNN properties, grocery-anchored centers, and credit-tenant deals. Expect stronger demand and slightly lower cap rates if this trend continues. <br/> <br/> </span> </p> <p> <span> Still, be careful. Insurance, property taxes, and operating costs are rising, and retail sales could slow if hiring drops. </span> </p> <p> <strong> <br/> What You Can Do Now </strong> <span> <br/> • Check your loan, a refinance could save money. <br/> • Revisit project plans, a lower rate might make them work again. <br/> • Review your leases, inflation clauses matter more than ever. <br/> • Track tenant sales, slower hiring hurts some retailers first. <br/> • Expect more buyers for SB 79 or transit-friendly properties. </span> </p> <p> <strong> <br/> Bottom Line </strong> <span> <br/> The Fed’s cuts sound exciting, but your real borrowing cost still depends on the 10-Year Treasury yield. Keep an eye on that number, it shows when true savings begin. <br/> <br/> </span> </p> <p> <span> With rates falling but costs still high, the real question is: Who wins, those who act now or those who wait? </span> </p> <p> <span> <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <span> References: </span> </p> <ol> <li> <span> Bureau of Economic Analysis – PCE Inflation Data (August 2025, 2.7%) </span> <a href="https://www.bea.gov/data/personal-consumption-expenditures-price-index" target="_blank"> <br/> https://www.bea.gov/data/personal-consumption-expenditures- </a> <a href="https://www.bea.gov/data/personal-consumption-expenditures-price-index" target="_blank"> price </a> <a href="https://www.bea.gov/data/personal-consumption-expenditures-price-index" target="_blank"> -index </a> </li> <li> <span> U.S. Bureau of Labor Statistics – CPI Report (September 2025, 3.0%) </span> <a href="https://www.bls.gov/news.release/cpi.toc.htm" target="_blank"> <br/> https://www.bls.gov/news.release/cpi.toc.htm </a> </li> <li> <span> Federal Reserve Press Release – October 2025 FOMC Meeting </span> <a href="https://www.federalreserve.gov/newsevents/pressreleases.htm" target="_blank"> <br/> https://www.federalreserve.gov/newsevents/pressreleases.htm </a> </li> <li> <span> Reuters – Fed to Halt Balance Sheet Runoff December 1 </span> <a href="https://www.reuters.com/markets/us-fed-halt-balance-sheet-runoff-dec-1-2025-2025-10-30" target="_blank"> <br/> https://www.reuters.com/markets/us-fed-halt-balance-sheet-runoff-dec-1-2025-2025-10-30 </a> </li> <li> <span> Bloomberg Economics – FOMC December Outlook Analysis </span> <span> <br/> </span> </li> </ol> <p> <span> <br/> </span> </p> <p> <span> Disclaimer: For information only. Not legal, tax, or financial advice. </span> </p> <p> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> <br/> </span> <span> © 2025 Marc Perlof Group. All rights reserved. </span> <span> <br/> </span> <span> <br/> </span> </p> </div> Mon, 03 Nov 2025 14:16:36 GMT https://www.marcperlof.com/fed-cuts-rates-but-why-retail-real-estate-still-pays-the-real-price thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap47a65548 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Copy-of-Article-Images-1.webp" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Fed Cuts Rates Again, Boosting Confidence in CRE Recovery </strong> <span> <br/> <br/> </span> </p> <p> <span> In a closely watched decision, the Federal Reserve cut its benchmark interest rate for the second consecutive month. The new target range of 3.75% to 4% reflects continued efforts to ease financial conditions and stabilize capital markets, even as economic signals remain mixed... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/fed-cuts-rates-again-boosting-confidence-in-cre-recovery/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=fed-delivers-another-rate-cut-as-cre-deal-volume-heats-up&amp;_bhlid=24ec101ac4443e7682b017560bb9b535cf11b3c1" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-10-31+at+7.48.49-AM.png" alt="A blurry picture of a clothing store with clothes on display."/> </a> </div> <div data-rss-type="text"> <p> <strong> Furniture retailer Arhaus opens largest store yet as part of US expansion </strong> <span> <br/> <br/> </span> </p> <p> <span> High-end furniture retailer Arhaus has opened its largest store to date in Los Angeles as part of larger nationwide expansion plans, while other retailers scale back growth in the face of consumer uncertainty and rising inflation... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/214706794/furniture-retailer-arhaus-opens-largest-store-yet-as-part-of-us-expansion?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p5&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc2MTg0NzA4OH0.HDTKM7xjp1uf96lFqRCupq_hzWMA5Qx7uHRBM3-nngk" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-10-31+at+7.50.36-AM.png" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> Australian footwear brand Blundstone expands US bootprint </strong> <span> <br/> </span> </p> <p> <span> An Australian footwear firm known known for its popular Chelsea boots opened its first brick-and-mortar store in Los Angeles, with plans to expand in Oregon and Colorado. </span> </p> <p> <span> Blundstone, founded in 1870 in Tasmania, Australia, opened a 1,274-square-foot store at 3212 W. Sunset Blvd. in L.A.'s Silver Lake district, with plans to open locations by early next year in Portland and Boulder, Colorado, according to the Chain Store Age trade publication... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/2007658688/australian-footwear-brand-blundstone-expands-us-bootprint?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p4&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc2MTg0NzA4NH0.0fmp53JqoVatZ6Buj9YFathXrQ86-dJ3U31eiXrzHWI" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-10-31+at+7.52.34-AM.png" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Back in the black: Demand for retail space turns positive </strong> <span> <br/> <br/> </span> <span> After recording the first consecutive quarterly declines since 2020, retail demand is back in the black heading into the final quarter of the year. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> Net absorption, or the net change in retail space occupancy, totaled 2.3 million square feet nationally during the third quarter, a significant improvement from the first half of the year when the national retail market posted negative 20 million square feet of net absorption... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1522388853/back-in-the-black-demand-for-retail-space-turns-positive?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p3&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc2MTg0NzA4MH0.ukJsruVc9ML4XzGFiom4vxdyZ_v1MjRIOC1Lmuxwd2A" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/smdp.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> City Manager’s rapid plan for the city turns the Chi Train into an Express </strong> <span> <br/> <br/> City Manager Oliver Chi has been on the job in Santa Monica for just over three months and in that short time he’s learned enough to envision an entirely new Santa Monica. One built on business friendly permitting, large events, enhanced safety, targeting causes of local homelessness and reducing government micromanagement... <br/> <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smdp.com/opinion/city-managers-rapid-plan-for-the-city-turns-the-chi-train-into-an-express/"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-10-31+at+7.57.48-AM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Blaming tariffs, children’s apparel chain Carter’s to close 150 stores </strong> <span> <br/> <br/> </span> </p> <p> <span> Young children's apparel retailer Carter's is closing 150 low-margin stores and letting go of 300 office employees as it reels from the impact of tariffs like other U.S. chains. </span> </p> <p> <span> <br/> </span> </p> <p> <span> The Atlanta-based company, with over 1,000 retail locations in North America and Mexico, on Monday announced the belt-tightening measures when it reported its fiscal third-quarter earnings </span> <a href="https://ir.carters.com/static-files/4015f282-4eb6-4d63-9fc3-6d189c0884af" target="_blank"> . </a> <span>  Carter's cited the hit that President Donald Trump's tariffs are taking on its business, cutting into its profits. It estimated that the gross pre-tax earnings impact of additional import duties will be about $200 million to $250 million on an annualized basis... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1817997516/walloped-by-tariffs-childrens-apparel-chain-carters-to-close-150-stores?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=fed-delivers-another-rate-cut-as-cre-deal-volume-heats-up&amp;_bhlid=1c70ec71302a209f6f6ed1bc7068077cf0656e52" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/pexels-shox-34452606-scaled.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Cap Rates Fall As Sector Trends Drive Q3 Net Lease Market </strong> <span> <br/> <br/> </span> </p> <p> <span> Cap rate trends in Q3 showed a break from macro-driven narratives, with investors prioritizing tenant durability and sector momentum, reports GlobeSt. Car wash properties led the decline, averaging 6.27%, down 20 bps from last quarter. Quick Quack assets priced as low as 5.50%, while Mr. Clean listings topped out at 7.13%. Convenience stores followed, with Wawa averaging 4.79%, 7-Eleven at 5.27%, and Circle K at 5.66%... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/cap-rates-fall-as-sector-trends-drive-q3-net-lease-market/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=fed-delivers-another-rate-cut-as-cre-deal-volume-heats-up&amp;_bhlid=b9a79d1ec96d3a4e0aa3466d8129bb29009738f6" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-10-31+at+8.05.31-AM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Starbucks sales improve, but profit drops after US store closings </strong> </p> <p> <span> <br/> </span> <span> Starbucks said sales grew for the first time in about two years, but acknowledged the coffee chain's turnaround could take years as it closes locations and lays off hundreds of corporate employees. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The Seattle-based company reported $9.6 billion in revenue in its fiscal fourth quarter, up 5% from the year-earlier period, as global store sales edged up 1%, lifted by growth in international markets. U.S. sales were flat year over year, an improvement over the 6% decline reported in the year-earlier period... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/662819660/starbucks-sales-improve-but-profit-drops-after-us-store-closings?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p9&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc2MTg0Njc4MH0.1dxxn88qSuvqLq7LOHQwbAY_vrRUPDpWWciSpEZtBwA" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-10-31+at+8.07.07-AM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> New restaurant to anchor main shopping hub in Pacific Palisades following fires </strong> <span> <br/> <br/> </span> </p> <p> <span> A high-profile chef, restaurant group and a well-known developer are planning a new eatery to anchor Palisades Village, the marquee shopping center for the fire-ravaged neighborhood in Los Angeles. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> James Beard Award-winning chef Nancy Silverton is teaming up with landlord Caruso and restaurant management firm River Jetty Restaurant Group to open an Italian American steakhouse called Spacca Tutto in August 2026... </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/806682870/new-restaurant-to-anchor-main-shopping-hub-in-pacific-palisades-following-fires?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p4&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc2MTg0Njc3M30.DlZHAQIpYYokTrRNKH4w58jb9reJUm7eTkXT3IXA1sc" target="_blank"> Read Full Article... </a> </p> </div> Fri, 31 Oct 2025 11:55:11 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap47a65548 thumbnail main image https://www.marcperlof.com/will-las-30-minimum-wage-reshape-retail-real-estate-or-just-empty-storefronts <div data-rss-type="text"> <p> <span> If you own retail real estate, here’s what might change for you. </span> </p> <p> <span> <br/> 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. While the first ordinance covered hotel and airport workers, the union’s latest ballot measure would extend this wage citywide². </span> </p> <p> <span> <br/> As an expert in retail real estate, here’s what that means for your properties. Higher wages will immediately impact tenant affordability and rent-to-sales ratio calculations that drive lease viability. Many retailers operate with payroll costs at 25 to 35 percent of gross revenue, leaving little cushion for a wage that’s nearly double the current state minimum of $16/hour³. When margins tighten, tenants face a choice: raise prices, cut staff, or negotiate rent. For landlords, that translates into valuation pressure because commercial property values depend on stable rental income. </span> </p> <p> <span> <br/> The small business impact in Los Angeles could be profound. Independent restaurants, boutiques, and service operators, the lifeblood of local shopping centers, run on razor-thin profits. If forced to meet a $30 wage, some may relocate to cities like Burbank or Glendale, where municipal wage laws are lower, or close entirely⁴. That shift could spark short-term vacancy spikes and longer lease-up periods. </span> </p> <p> <span> <br/> Still, there’s a possible upside. When low-wage workers earn more, they spend more locally. For well-positioned centers with necessity-based tenants: grocers, pharmacies, quick-service restaurants, rising wages could strengthen revenue resilience. </span> </p> <p> <span> <br/> Key takeaways for retail landlords: </span> </p> <ul> <li> <span> Audit tenant financial health and exposure to rising payroll costs. </span> </li> <li> <span> Review lease clauses that address operating-cost pass-throughs. </span> </li> <li> <span> Model new rent-to-sales thresholds under a $30 wage scenario. </span> </li> <li> <span> Track tenant retention and market-rent shifts across nearby cities. </span> </li> <li> <span> Prepare for valuation adjustments as cap rates reflect greater income volatility. </span> </li> </ul> <p> <span> <br/> If you own retail real estate in the City of Los Angeles, now’s the time to stress-test your portfolio. Let’s review your leases before this wage shift hits. Call or DM me for more information. </span> </p> <p> <span> <br/> When the $30 wage arrives, will higher pay strengthen LA’s consumer base or hollow out the city’s small-business retail core? </span> </p> <p> <span> <br/> #LosAngeles30MinimumWage #RetailRealEstateInLosAngeles #TenantAffordabilityAndRentToSalesRatio #SmallBusinessImpactLosAngeles #CommercialPropertyValuesLosAngeles <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <span> Footnotes &amp; Sources </span> </p> <p> <span> <br/> </span> </p> <ol> <li> <span> Los Angeles Business Journal </span> <span> , “Business and Labor Set for Ballot War Over $30 Wage,” Aug 2025. </span> </li> <li> <a href="https://www.unitehere11.org/hospitality-union-files-initiative-petitions-to-raise-la-minimum-wage-to-30-hour-for-all-workers-and-require-voter-approval-of-hotel-and-event-center-subsidies/?utm_source=chatgpt.com" target="_blank"> UNITE HERE Local 11, official announcement, “Hospitality Union Files Initiative Petitions to Raise LA Minimum Wage to $30/hour,” July 2025 — unitehere11.org </a> </li> <li> <a href="https://www.foxla.com/news/30-minimum-wage-la-citywide-employees?utm_source" target="_blank"> California Department of Industrial Relations, State Minimum Wage Rate (2025 = $16/hour). </a> </li> <li> <a href="https://www.hoteldive.com/news/la-passed-a-30-minimum-wage-for-hospitality-workers-hotels-continue-to-fi/754168/?utm_source=chatgpt.com" target="_blank"> CalMatters, “LA’s $30 Wage Proposal Could Drive Jobs to Nearby Cities,” Sept 2025. </a> </li> </ol> <p> <span> <br/> </span> </p> <p> <strong> Disclaimer </strong> </p> <p> <span> This post is for information only. It is not legal, tax, or financial advice. Always check with a licensed professional before making decisions. </span> </p> <p> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> <br/> </span> <span> © 2025 Marc Perlof Group. All rights reserved. </span> <span> <br/> </span> <span> <br/> </span> </p> </div> Mon, 27 Oct 2025 13:52:58 GMT https://www.marcperlof.com/will-las-30-minimum-wage-reshape-retail-real-estate-or-just-empty-storefronts thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap86171bd2 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/toysrus_flagship_store_image_courtesy_of_go_retail_group.jpg" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Toys"R"Us opening 10 flagships, 20 seasonal shops — here are all the locations </strong> </p> <p> <span> <br/> </span> </p> <p> <span> The brick and mortar comeback of Toys"R"Us  is moving into high gear ahead of the toy industry’s busiest season. </span> </p> <p> <br/> </p> <p> <span> In September, the retailer said that, in partnership with Go! Retail Group, it was planning to open 10 flagships and 20 seasonal holiday shops in the U.S. by year's end... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/toysrus-opening-10-flagships-20-seasonal-shops-here-are-all-locations?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGdkJjcIki99Oq9G5KMPVuiqSLOAR9LF2_is8B_yIz7Hmnye8rX1pLyx-7Nl_gJ4Rs9FQelyVwN18PXVByNWdzN7Qj0KoEvrlUb1H7N2_8zTzlE" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-10-24+at+12.11.59-PM.png" alt="A blurry picture of a clothing store with clothes on display."/> </a> </div> <div data-rss-type="text"> <p> <strong> Ikea to relocate plan-and-order storefront to DC from Virginia suburbs </strong> <span> <br/> <br/> </span> </p> <p> <span> Swedish furniture company Ikea said it will open a plan-and-order location in Washington, D.C.'s Georgetown neighborhood that is a smaller format of the chain’s traditional layout where customers can consult with employees and purchase items for delivery or pickup... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/924072196/ikea-to-relocate-plan-and-order-storefront-to-dc-from-virginia-suburbs?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p9&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc2MTI0MTkzMn0.6p1yS0yc58RxbhT_qOJ6AVCZ-bPk25Xdgl7MOXpbT6A" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE-Daily-Briefs-Images-27.webp" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> Leverage Ratio Change Could Unlock Small Bank CRE Lending </strong> </p> <p> <span> <br/> </span> </p> <p> <strong> A New Push to Free Up Lending </strong> </p> <p> <br/> </p> <p> <span> The Trump administration is considering a regulatory change to help small banks lend more. The plan would lower the CBLR from 9% to 8%, as reported by Bisnow. </span> </p> <p> <br/> </p> <p> <span> This would allow small banks to carry more debt and hold less capital, freeing up funds for new loans. That change could significantly boost commercial real estate lending... </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/leverage-ratio-change-could-unlock-small-bank-cre-lending/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=build-to-rent-pipeline-cools-but-the-south-keeps-building&amp;_bhlid=dafef03090dde503166b97069f05353c0fd984b3"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Sepulveda-transit-corridor-1024x683.jpg" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Culver City backs plan for 20-minute Westside-to-Valley Metro route </strong> </p> <p> <span> <br/> </span> <span> Looking to get from the Westside to the Valley in 20 minutes? If Culver City gets its way, Los Angeles Metro will make that a reality. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The city on Wednesday announced its support for Alternatives 4 and 5 for the Sepulveda Transit Corridor, which would connect Sherman Oaks to Santa Monica and Van Nuys to Westwood, respectively, by heavy rail... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://ktla.com/news/local-news/culver-city-backs-metro-plan-for-20-minute-westside-to-valley-route/amp/" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/pexels-introspectivedsgn-16094261-scaled.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Branch Strategy Overhaul BMO Opens 150 Locations </strong> <span> <br/> <br/> BMO is restructuring its US branch network to focus on high-growth areas, reports Bisnow. It will sell 138 branches to First Citizens Bank while opening 150 new locations. Most new branches will be in California, though some may open in other states... </span> </p> <p> <span> <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/branch-strategy-overhaul-bmo-opens-150-locations/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=build-to-rent-pipeline-cools-but-the-south-keeps-building&amp;_bhlid=42f000a3fda0ad7f5339f24ca9008e92d42506c9" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/five_below_frederick-crossing_0.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Five Below to make Pacific Northwest debut — here are the locations </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Five Below is expanding its footprint into a new region. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The tween and teen extreme-value retailer will enter the Pacific Northwest, opening eight stores across Washington and Oregon in November. The locations, which span malls to neighborhood shopping centers, are listed at end of article... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://lnktrk.chainstoreage.com/ODI1LUxTUC01NDUAAAGdoA1Opig-jBaeeoxLSaRREvw5kMxnyqqsRyURMe9Appo2nvn56UK8NSSxyzl66WrLHEppY3Q=" target="_blank"> Read Full Article... </a> </p> </div> Fri, 24 Oct 2025 16:26:33 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap86171bd2 thumbnail main image https://www.marcperlof.com/own-property-near-a-bus-stop-you-may-be-sitting-on-a-40-value-boost-overnight <div data-rss-type="text"> <p> <span> If you own commercial real estate within California, here’s what just changed for you. </span> </p> <p> <span> <br/> In Los Angeles, properties near transit stations sold for 20–40% more than similar sites that were not near transit.⁴ </span> </p> <p> <span> <br/> Now that same price boost is coming to the entire state of California. </span> </p> <p> <span> <br/> As of October 10, 2025, SB 79 is now law. It increases the value of any commercial or retail property near a bus stop or train station, even small strip malls, gas stations, auto shops, and old buildings. </span> </p> <p> <span> <br/> This is not just another Sacramento update. </span> </p> <p> <span> <br/> SB 79 does not “suggest” upzoning, it forces cities to allow more housing near transit, even if they don’t like it. </span> </p> <p> <strong> <br/> What Makes SB 79 Different? </strong> </p> <p> <span> Most zoning rules let cities say “yes or no.” SB 79 removes the “no.” It creates a guaranteed building minimum that every city must follow. It’s not a limit, it’s a baseline. Cities can allow more, but not less. </span> </p> <p> <strong> <br/> Why Property Owners Win </strong> </p> <p> <span> Developers pay more when they know exactly what they are allowed to build. </span> </p> <p> <span> Before SB 79: land value was based on city politics. After SB 79: land value is based on state law. That means your old commercial building can now be worth more, not just for income today, but for building potential tomorrow. </span> </p> <p> <strong> <br/> SB 79 — Guaranteed Building Rights Near Transit </strong> </p> <p> <span> If your property is within ½ mile of a major bus or rail stop, the state now gives you automatic building rights, even if the local zoning says otherwise.⁵ </span> </p> <p> <strong> <br/> Why This Matters </strong> </p> <ul> <li> <span> Cities can add rules, but they cannot block SB 79’s minimums.¹ </span> </li> <li> <span> Your strip mall or auto shop could be a “rent now, build later” goldmine.² </span> </li> <li> <span> Developers will bid based on future building rights, not just today’s cap rate. </span> </li> </ul> <p> <span> <br/> If you own a strip mall, office, auto shop, warehouse, or storefront near transit, you now have state-backed development power. </span> </p> <p> <strong> <br/> Want to Know Your New SB 79 Value? </strong> </p> <p> <span> Do you want to sell your property as “Just another tenant building…” or “State-approved development site with income attached”? </span> </p> <p> <span> <br/> Call or DM me for your SB 79 Land Value Review. </span> </p> <p> <span> <br/> The law is signed. Timing matters. </span> </p> <p> <span> <br/> Do you capture the premium now, or let somebody else flip your SB 79 dirt? </span> </p> <p> <span> <br/> </span> </p> <p> <span> #SB79 #RetailRealEstate #TransitOrientedDevelopment #CaliforniaHousingBill #LandValueBoost </span> </p> <p> <span> <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <span> Footnotes &amp; Sources </span> </p> <p> <span> <br/> </span> </p> <ol> <li> <span> Legislative Analysis Office — “Transit Proximity and SB 79 Standards.” (2025) </span> </li> <li> <span> CBRE — “Land-With-Income Deals in TOD Zones.” (2024) </span> </li> <li> <span> U.S. Census — “Homes Near Transit.” (2024) </span> </li> <li> <span> CBRE — “Premium Sales in LA Transit Zones.” (2023) </span> </li> <li> <span> California Senate Bill 79 (Enrolled 9/17/25), Sections 65912.157 &amp; 65912.159 </span> </li> </ol> <p> <span> <br/> </span> </p> <p> <strong> Disclaimer </strong> </p> <p> <span> This post is for information only. It is not legal, tax, or financial advice. Always check with a licensed professional before making decisions. </span> </p> <p> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> <br/> </span> <span> © 2025 Marc Perlof Group. All rights reserved. </span> <span> <br/> </span> <span> <br/> </span> </p> </div> Mon, 20 Oct 2025 12:03:53 GMT https://www.marcperlof.com/own-property-near-a-bus-stop-you-may-be-sitting-on-a-40-value-boost-overnight thumbnail main image https://www.marcperlof.com/copy-of-weekly-perl-a-commercial-real-estate-news-recapccc127f5 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/del-taco-introduces-new-dollar-deals-menu.jpg" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Jack in the Box to Sell Del Taco to Franchisee for $115M </strong> <span> <br/> <br/> </span> </p> <p> <span> Jack in the Box announced Thursday that it will sell Del Taco to franchisee Yadav Enterprises for $115 million. </span> </p> <p> <br/> </p> <p> <span> 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... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/jack-in-the-box-to-sell-del-taco-to-franchisee-for-115m/?spMailingID=174955&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=174955" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/DSC_0228-1140x570.jpeg" alt="A blurry picture of a clothing store with clothes on display."/> </a> </div> <div data-rss-type="text"> <p> <strong> Curtain call for current Civic revitalization efforts as split Council cites economic reasons for ending negotiations </strong> <span> <br/> <br/> </span> </p> <p> <span> 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... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smdp.com/government-politics-2/city-votes-4-3-to-explore-alternatives-after-nearly-two-years-of-negotiations-fail-to-produce-financial-plan/" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/skims_moa_1.png" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> First Look: Kim Kardashian's Skims opens its largest store to date </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Skims has opened its largest store yet, fittingly at North America’s biggest retail and entertainment complex. <br/> 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... </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/first-look-kim-kardashians-skims-opens-its-largest-store-date?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGdi3J7VJHyukRQd98QDXc3I5ivDC_ugtrKSGlZO0brSWssx4ExgZdDB8jJ1LCm3g7eSFHUg1KTjbGo-EG9wl4d_H3l8MiC3f7cdayGrNjozxKZ" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Mission-Hills.jpeg" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Lazy Acres Sets Opening Date For New Westside Spot </strong> </p> <p> <span> <br/> </span> <span> The move comes after the Whole Foods which formerly occupied the space near the 405 Freeway closed on Oct. 13 </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> 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... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smmirror.com/2025/10/lazy-acres-sets-opening-date-for-new-westside-spot/" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/nordstrom_rack-6e1de8ca.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Nordstrom adds 2028 location to 2026/2027 new store lineup — here is the list </strong> </p> <p> <span> <br/> Nordstrom continues to grow the footprint of its off-price retail division. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> 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... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/nordstrom-adds-2028-location-20262027-new-store-lineup-here-list?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGde__4iF3NKppT8Opry3Pisz_Ypp_IXMpEWB8PXno6RpkrlDiGf7xQow-N-LHjxeGcV15MXHlhDv8P-nmuyYFQPnDCf__G0hbizkewH6qQb8Di" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/wendys-2e90d576.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Wendy’s launches turnaround plan to drive growth, profitability </strong> </p> <p> <span> <br/> </span> </p> <p> <span> 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. </span> </p> <p> <br/> </p> <p> <span> 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... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/wendys-launches-turnaround-plan-drive-growth-profitability?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGdgSWFBo5tslmoigdo1HzeFXaP5hqw-2bRdnrSOO7YhCuS_X9JBhQHzuxXAH5lDag9g6NYtfwhaYw2N4dIObJzho4Xifym-o12KcHTz1MwQoq1" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/levis-mall-store.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Levi’s Q3 profit tops estimates as DTC drives sales; could double U.S. store count </strong> <span> <br/> </span> </p> <p> <br/> </p> <p> <span> <span>  </span> Levi Strauss &amp; 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. </span> </p> <p> <br/> </p> <p> <span> The apparel giant posted its fourth consecutive quarter of high-single-digit growth and 14th consecutive quarter of positive comp growth. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/levis-q3-profit-tops-estimates-dtc-drives-sales-could-double-us-store-count?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGdgSWFBVFrbWtkYW3ZdjaYYlbUM3ALUypk9RTuTGNluldWifQvWEqtEX7USPepofHfbWWB0Ajz2FpPakYOPwPvYMaS7rtFEP4M7KMTY5leINwW" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/298e882e85fe922ed2d8.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Ross Stores opens 40 new locations, plans to continue expansion </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Ross Stores Inc. expanded the footprint of its two off-price retail banners in both new and existing markets in recent weeks. </span> </p> <p> <br/> </p> <p> <span> 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... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://chainstoreage.com/news-briefs/2025-10-13?article%3Dross-stores-opens-40-new-locations-plans-continue-expansion&amp;source=gmail&amp;ust=1760789861282000&amp;usg=AOvVaw3iJsA_y-XkUYkdMped53St" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-10-17+at+1.01.32-PM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> First tenants sign on for $10 billion botanical project aiming to reshape Beverly Hills retail </strong> </p> <p> <span> <br/> 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. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> Italian fashion house Dolce &amp; 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... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1600652614/first-tenants-sign-on-for-10-billion-botanical-project-aiming-to-reshape-beverly-hills-retail?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=california-wants-more-apartments-near-transit-l-a-isn-t-onboard&amp;_bhlid=c7922b77717c2d8b1d56566b57231d06064a314b"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-10-17+at+1.07.12-PM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> REI to shut some high-profile stores, adding to outdoor retailer closings </strong> <span> <br/> <br/> 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. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> 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... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1849539636/rei-to-shut-some-high-profile-stores-adding-to-outdoor-retailer-closings?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p8&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc2MDYyNjk2OX0.0IkAHs95qKd-DZt_yPHax2akSkHDPc-LRN3esAsxmOg" target="_blank"> Read Full Article... </a> </p> </div> Fri, 17 Oct 2025 16:59:27 GMT https://www.marcperlof.com/copy-of-weekly-perl-a-commercial-real-estate-news-recapccc127f5 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapd463d8c1 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Unmuted-scaled-1-1140x570.jpg" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> A Tale of Two Entertainment Zones </strong> <span> <br/> <br/> </span> </p> <p> <span> 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. Though I’ve been somewhat skeptical about the long-term benefits of rescuing downtown via alcohol and cannabis, outdoor drinking and Oktoberfest rituals definitely seemed like a natural fit... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smdp.com/opinion/a-tale-of-two-entertainment-zones/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-10-10+at+8.19.42-AM.png" alt="A blurry picture of a clothing store with clothes on display."/> </div> <div data-rss-type="text"> <p> <strong> Walmart owns two shopping centers. It plans to demolish one. </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Juggernaut Walmart is taking an unusual step for a discount chain: owning two shopping centers. But its plans for the properties are quite common among retail landlords: It’s tearing down one of them, a mall, for redevelopment... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/839311560/walmart-owns-two-shopping-centers-it-plans-to-demolish-one?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p3&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc2MDAzMTEzNX0.lBdCWWTbHdYoMhD5Bk1bPaWg1XxjkUBBwvaGwr4NhxM" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE-Daily-Briefs-Images-3-1.webp" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> Loan Modifications Surge Amid CRE Refinancing Strain </strong> <span> <br/> <br/> </span> </p> <p> <span> Commercial real estate lenders are scrambling to mitigate risk as the fallout from higher interest rates continues to </span> <span>  ripple across the market, </span> <span> <span> as reported by GlobeSt. </span> </span> </p> <p> <span> According to the Federal Reserve Bank of St. Louis, the value of modified CRE loans surged to $27.7B in Q2 2025—a 66% increase from a year earlier... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/loan-modifications-surge-amid-cre-refinancing-strain/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=u-s-banks-brace-for-losses-with-wave-of-cre-loan-modifications&amp;_bhlid=59ed9cf5c1f4a05dd9b7b9277ee72b9cf91d5643" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-10-10+at+8.26.20-AM.png" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Chick-fil-A targets Oregon expansion; Mortgage applications decline; Arrest made in Los Angeles’ Palisades Fire </strong> <span> <br/> </span> <span> Chick-fil-A targets Oregon expansion </span> </p> <p> <span> Chick-fil-A plans to open six new Oregon restaurants by early 2027, taking its total in that state to 20 as part of continued expansion in several regions by the chicken chain. </span> </p> <p> <span> A company statement said two restaurants were slated to debut this week in Sherwood and Corvallis with future openings planned in Portland, Tigard and Wood Village. The new eateries are expected to create more than 600 jobs. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1061395139/chick-fil-a-targets-oregon-expansion-mortgage-applications-decline-arrest-made-in-los-angeles-palisades-fire?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p4&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc2MDAzMTE0MH0.sfA76h7V3JKgYJ6L7HRpSAsKHAybCifRItfkPAJdxc4" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-10-10+at+8.31.50-AM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Bed Bath &amp; Beyond offers franchising to jump-start revival of store fleet </strong> </p> <p> <span> <br/> Bed Bath &amp; Beyond is turning to franchising to help drive the expansion of its reborn store fleet. </span> </p> <p> <span> The Murray, Utah-based company — owner of the Bed Bath &amp; Beyond, Buy Buy Baby and Overstock brands — on Tuesday said it plans to launch a national franchise system, working with local entrepreneurs... </span> </p> <p> <span> <span>  </span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/599930685/bed-bath-beyond-offers-franchising-to-jump-start-revival-of-store-fleet?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p7&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc2MDAzMTE0N30.jshkutDfOF52vZ52WLJyBJj58uWwhCgMCIgoAzP8G30" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-10-10+at+8.36.58-AM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Importance of bank branches drives Fifth Third purchase of Comerica </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Fifth Third Bancorp is purchasing Comerica in the largest bank deal announced this year, an acquisition that shows the importance of retail branches in growing regional deposits. </span> </p> <p> <br/> </p> <p> <span> <span>  </span> Bank executives specifically cited the need for more deposits as a factor in the all-stock deal, valued by the banks at $10.9 billion, during a call Monday with analysts. Retail branches are considered one of the best ways for banks to collect deposits and Dallas-based Comerica operates about 355 branches nationwide... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1455487390/fifth-third-to-boost-branch-network-in-high-growth-markets-with-deal-to-buy-comerica?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=money&amp;utm_content=p3&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc2MDA1ODU3OH0.1MVQCLQfVxOeVc45ZnU3vUnUnIfZLGCvCk-JArGNqTk" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-10-10+at+8.39.05-AM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> How Barnes &amp; Noble's new chapter relies on real estate </strong> </p> <p> <strong> <span>  </span> </strong> <span> <br/> </span> </p> <p> <span> When a Barnes &amp; Noble opened to a long line of customers in August </span> <strong>   </strong> <span> in a former Staples office supply store in Texas, it didn't have its traditional dark wood and green aesthetic. Instead, the feel was airier: soft Victorian pink walls, light-wood displays and genre-themed rooms with reading nooks as well as play areas catering to local customer preferences... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/248534757/how-barnes-nobles-new-chapter-relies-on-real-estate?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=u-s-banks-brace-for-losses-with-wave-of-cre-loan-modifications&amp;_bhlid=087988d333d7ede0f168a8d26b78fea3935d0873" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/big_lots_store-45f43fda.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Big Lots marks return with grand opening celebration across all stores </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Big Lots is kicking off its next chapter. </span> </p> <p> <br/> </p> <p> <span> The discounter, which has been reopening stores under its new ownership during the past several months, will hold a grand opening celebration for all its reopened doors on Oct. 30. In the lead-up to the event, Big Lots is offering customers 10% off everything in the store (except prepaid gift cards) from Oct. 2–5... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://chainstoreage.com/news-briefs/2025-10-02?article%3Dbig-lots-marks-return-grand-opening-celebration-across-all-stores&amp;source=gmail&amp;ust=1760148602853000&amp;usg=AOvVaw1aWBzfzMjcaZGgH81qpk7m"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/typical-cafe-scene-paris-scaled.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Cap Rates Shift In Net Lease Restaurant Sector </strong> <span> <br/> <br/> </span> </p> <p> <strong> IHOP </strong> </p> <p> <span> Among national net lease tenants, IHOP stands out as a model of consistency, reports GlobeSt. Properties are trading around an average cap rate of 6.65%, with some deals closing as low as 5%. This reflects the brand’s stable in-store performance and strong national footprint. Modest 5.1% rent bumps every five years also contribute to tighter cap rates. Sales prices hover near $2.3M, indicating reliable investor demand despite rising interest rates... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/cap-rates-shift-in-net-lease-restaurant-sector/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=multifamily-market-momentum-falters-as-rent-growth-stalls-in-q3&amp;_bhlid=071aba6b645c2a04ebd352b27211049dd84a2844"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/prism-lens-photography-use-prism-lens-refract-light-create-ethereal-flare-distortion-within-shoe-scaled.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> World Of Flight Opens First US Store In Philadelphia </strong> <span> <br/> <br/> </span> </p> <p> <strong> Retail Playbook In Motion </strong> </p> <p> <br/> </p> <p> <span> Nike is working to boost sales and refocus its brand, reports CoStar. The opening of the Jordan World of Flight store in Philadelphia is part of that effort, highlighting a strategy that blends culture, community, and commerce. The retail space will feature premium Jordan apparel and footwear. It will also include experiential elements like co-creation stations and limited product drops, all designed to attract sneaker enthusiasts and loyal fans... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://www.credaily.com/briefs/world-of-flight-opens-first-us-store-in-philadelphia/?utm_source%3Dnewsletter.credaily.com%26utm_medium%3Dnewsletter%26utm_campaign%3Dprologis-powers-into-ai-era-with-8b-data-center-expansion%26_bhlid%3D4a04eb9a0788bb5e47986b12699db1926e50716e&amp;source=gmail&amp;ust=1760148602853000&amp;usg=AOvVaw0ez6PVeh8f76QDYeuI8yEL" target="_blank"> Read Full Article... </a> </p> </div> Fri, 10 Oct 2025 12:49:47 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapd463d8c1 thumbnail main image https://www.marcperlof.com/sb-79-could-add-millions-to-your-retail-property-even-if-you-never-build <div data-rss-type="text"> <p> <span> <br/> Hey Commercial Real Estate Rockstars! </span> </p> <p> <span> <br/> 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. </span> </p> <p> <span> <br/> SB 79 is set to increase the value of any retail or commercial property you own in California that is close to a bus stop or rail station, including tiny strip malls, gas stations, auto shops, and more. This isn't just another Sacramento news story.  A statewide law known as SB 79 requires localities to permit more housing close to transit, even if they don't like it. </span> </p> <p> <strong> <br/> What Makes SB 79 Different? </strong> </p> <p> <span> The majority of zoning laws allow communities to decide yes or no. SB 79 takes away their ability to refuse. It establishes the minimal building rights that any city must permit. Consider it this way: It's not a ceiling; it's a floor. More housing may be permitted by cities, but not below the SB 79 minimum. </span> </p> <p> <strong> <br/> Why Commercial Property Owners Win </strong> </p> <p> <span> When developers are aware of what they are permitted to construct, they pay more. <br/> Prior to SB 79, city politics determined the value of land. Following SB 79, state law determines the value of land. Don't speculate. <br/> <br/> Commercial buildings now appear even more appealing because they can serve as both housing and cash flow in the future. </span> </p> <p> <strong> <br/> Key Benefits for Property Owners </strong> </p> <ul> <li> <span> SB 79 gives automatic development rights to properties within ½ mile of transit. </span> </li> <li> <span> Cities can add more rules — but they cannot block SB 79’s minimum standards.¹ </span> </li> <li> <span> Many retail sites become perfect for “buy now, collect rent, build later” deals.² </span> </li> <li> <span> Developers will bid based on future building potential — not just cap rate. </span> </li> </ul> <p> <span> <br/> <br/> If you own a strip mall, pad site, auto shop, office, or industrial building near transit, you now have guaranteed development rights backed by state law. </span> </p> <p> <span> <br/> Want to know your SB 79 land value, based on buildable square feet, not just rent roll? <br/> <br/> </span> </p> <p> <span> Want to sell your property as “SB 79 land with income” instead of “tenant-occupied building”? <br/> <br/> </span> </p> <p> <span> Call or DM me to schedule your SB 79 land value review today. </span> </p> <p> <span> <br/> Governor Newsom is expected to sign it any day, timing matters. </span> </p> <p> <span> <br/> Do you capture the premium now, or let someone else sell your SB 79 dirt for you? </span> </p> <p> <span> <br/> #SB79 #RetailRealEstate #TransitOrientedDevelopment #CaliforniaHousingBill #LandValueBoost <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <span> Footnotes &amp; Sources </span> </p> <p> <br/> </p> <ol> <li> <span> Legislative Analysis Office — “Transit Proximity and SB 79 Standards.” (2025) </span> </li> <li> <span> CBRE — “Land-With-Income Deals in TOD Zones.” (2024) </span> </li> <li> <span> U.S. Census — “Homes Near Transit.” (2024) </span> </li> <li> <span> CBRE — “Premium Sales in LA Transit Zones.” (2023) </span> </li> </ol> <p> <span> <br/> </span> </p> <p> <strong> Disclaimer </strong> </p> <p> <span> This post is for information only. It is not legal, tax, or financial advice. Always check with a licensed professional before making decisions. </span> </p> <p> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> <br/> </span> <span> © 2025 Marc Perlof Group. All rights reserved. </span> <span> <br/> </span> <span> <br/> </span> </p> </div> Mon, 06 Oct 2025 09:55:17 GMT https://www.marcperlof.com/sb-79-could-add-millions-to-your-retail-property-even-if-you-never-build thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap4d87dc1a <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/konbini-japan-min.webp" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Japan's Konbini convenience stores coming to the U.S. </strong> <span> <br/> <br/> </span> </p> <p> <span> 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. Now the model is coming to the U.S., where critics question whether it will resonate with American customers... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.npr.org/2025/09/27/nx-s1-5554246/japans-konbini-convenience-stores-coming-to-the-u-s" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-10-03+at+3.06.59-AM.png" alt="A blurry picture of a clothing store with clothes on display."/> </div> <div data-rss-type="text"> <p> <strong> Inglewood’s multibillion-dollar makeovers: How major redevelopments transformed the multifamily market </strong> </p> <p> <br/> </p> <p> <span> During the early 2010s, the city of Inglewood, California, was experiencing significant financial difficulties. Following the Great Recession of 2008, the unemployment rate reached 17%, with 22% of residents living below the poverty line, per the 2010 U.S. census. Average market asking rents were 17% lower than in the rest of the Los Angeles metro area... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/72835909/inglewoods-multibillion-dollar-makeovers-how-major-redevelopments-transformed-the-multifamily-market?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p4&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc1OTQyODYzMH0.-2NpqwqscfNE6wa_58Ec1IvUODGxFDl-ucaQIemS6SE" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-10-03+at+3.09.58-AM.png" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> Starbucks abandons some high-profile urban locations around the country </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Of the hundreds of locations that Starbucks is closing, many are in high-profile and busy urban areas — prime retail real estate — as a post-pandemic drop in downtown foot traffic, competition from upstart rivals and a growing preference for drive-thru service take their toll on the coffee giant... </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1221324974/starbucks-abandons-some-high-profile-urban-locations-around-the-country?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p2&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc1OTQxMzk1OX0.QsYyADTaRDXXfskdbmVyWIq_bs_wrurfdefFdX6W2Zw" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Dunkinlocation.jpg" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Dunkin', like other chains in the QSR Drive-Thru Report, is balancing technology and hospitality as the landscape shifts. </strong> <span> <br/> <br/> Let’s start with a debate on consumer behavior: Are fewer restaurant goers visiting the drive-thru? </span> </p> <p> <br/> </p> <p> <span> From January 2024 through June 2025, there have been consistent gains in dine-in, delivery, and takeout trends—the latter spiked 25.8 percent alone in October 2024, according to Revenue Management Solutions. Yet drive-thru remained in negative territory month after month, falling as deep as 13.3 percent last summer and still hovering between minus 5 and 8 percent in 2025... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/the-2025-qsr-drive-thru-report/?spMailingID=173056&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=173056" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-10-03+at+3.12.08-AM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Spirit Christmas unwraps US holiday store expansion </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Spirit Halloween, best known for its ubiquitous spooky holiday stores, is bringing back its other brand, the one that’s more steeped in elves and reindeer than witches and ghosts. </span> </p> <p> <span> After a trial run last year, Spirit Halloween plans to once again open Spirit Christmas pop-ups. But this go-around, it intends to have 30 of the seasonal retail locations “across the Northeast and Great Lakes regions, nearly quadrupling its footprint from last year,” the Egg Harbor Township, New Jersey-based company said... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1604297678/spirit-christmas-unwraps-us-holiday-store-expansion?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p6&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc1OTQxMzgyNn0.oQNCNUFuOEAi3cmBBHzvUXWVFziw2gznW0ncm8fMaBg" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/The_front_of_a_Meijer_store.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Meijer’s next stop will be Western Pennsylvania </strong> <span> <br/> <br/> </span> </p> <p> <span> Meijer is expanding into Western Pennsylvania, the grocer confirmed to  </span> <span> Supermarket News </span> <span>  on Wednesday. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The Grand Rapids, Mich.-based retailer has begun purchasing land in a region currently served by Giant Eagle. Earlier this year, Wegmans also announced plans to enter Western Pennsylvania with a 115,000-square-foot location expected to open in 2027... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/new-stores/meijer-s-next-stop-will-be-western-pennsylvania?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_10022025&amp;utm_campaign=67537&amp;utm_medium=email&amp;elq2=dc5f72f1c0ea45368c59ff5d1e47fbf4&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-10-03+at+3.14.34-AM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Billionaire's Los Angeles area purchase expected to clear way for surf park </strong> <span> <br/> <br/> </span> </p> <p> <span> A high-profile parcel once slated for an office and retail development to complement the new headquarters for the Los Angeles Chargers professional football team in El Segundo is now poised to make waves as a different property use. </span> </p> <p> <br/> </p> <p> <span> A company tied to billionaire Vinny Smith’s Toba Capital has spent $54 million for a 9-acre slice of the former Raytheon Technologies Campus at 100 Nash in the city adjacent to Los Angeles, according to CoStar data... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/63299688/billionaires-los-angeles-area-purchase-expected-to-clear-way-for-surf-park?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p4&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc1OTQyODc5Nn0.leNQzLN4NcQggkxqg1PyCc3xNFF3B4abgdHiFQp3bXw" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/costco.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Costco Q4 tops Street, to open 35 new warehouses; holiday mix to look ‘different’ </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Costco Wholesale Corp. reported another solid quarter amid strong e-commerce sales, and as it continues to attract new members.  </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The retailer’s membership fee income rose 14% to $1.72 billion during the quarter. In September 2024, Costco raised its annual membership fee — the first hike since 2017 — by $5. On the earnings call, CFO Gary Millerchip said that the increase accounted for a little less than half of its membership fee income growth in the quarter... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/costco-q4-tops-street-open-35-new-warehouses-holiday-mix-look-different?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGdOQ0DNuWJNTaITE8LkujNL-d1QutDG-ikvKTj4b38LgSRXTZHRXht9uwSgW2AbSSaEFcXvoFHzKY_98U4TimQzW7D8SjKwK49M8yj71UIgqI_" target="_blank"> Read Full Article... </a> </p> </div> Fri, 03 Oct 2025 07:28:26 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap4d87dc1a thumbnail main image https://www.marcperlof.com/la-cities-in-crisis-how-budget-cuts-put-retail-real-estate-risk-front-and-center <div data-rss-type="text"> <p> <span> Hey, Retail Real Estate Rockstars! </span> </p> <p> <span> <br/> 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. </span> </p> <p> <strong> <br/> Cities Under Pressure </strong> </p> <ul> <li> <strong> Los Angeles </strong> <span> <span> faces a </span> </span> <strong> $1B deficit </strong> <span> <span> for FY 2025–26. Over </span> </span> <strong> 1,600 job cuts </strong> <span> <span> may slow permitting and inspections¹. </span> </span> </li> <li> <strong> Santa Monica </strong> <span> <span> declared fiscal distress from </span> </span> <strong> $229M in settlement costs </strong> <span> ². Expect higher property taxes and fees. </span> </li> <li> <strong> Inglewood </strong> <span> <span> reports a </span> </span> <strong> $24M deficit </strong> <span> <span> with small retailers hurt by event-day traffic near SoFi and Intuit Dome³. </span> </span> </li> <li> <strong> Beverly Hills </strong> <span> <span> looks stable today but is projecting </span> </span> <strong> $15–20M annual deficits </strong> <span> <span> soon⁴. </span> </span> </li> <li> <strong> Long Beach </strong> <span> <span> faces a </span> </span> <strong> $60.5M five-year shortfall </strong> <span> , with permit and inspection fees already rising⁵. </span> </li> </ul> <p> <strong> <br/> Why This Matters </strong> </p> <p> <span> When cities are broke, retail property owners feel it: </span> </p> <ul> <li> <span> Cuts in police, fire, and street services can lower safety and curb appeal. </span> </li> <li> <span> Higher taxes and fees raise tenant costs, making rent harder to collect. </span> </li> <li> <span> Slower city approvals drag out leasing and redevelopment projects. </span> </li> <li> <span> Struggling small businesses mean more vacancies and turnover. </span> </li> </ul> <p> <span> For retail property owners, the real story is what this means for your bottom line.  </span> </p> <p> <span> <br/> Rising city fees cut into tenant margins, which makes collecting rent harder. Service cuts and safety concerns lower customer traffic, reducing sales and weakening your rent roll. And when NOI drops, property values follow — meaning your asset could trade at a discount if you don’t stay ahead of these shifts. </span> </p> <p> <strong> <br/> Redevelopment and Highest-and-Best Use </strong> </p> <p> <span> If you’re holding property for redevelopment, city budget stress can make the process harder. Expect higher fees, slower approvals, and possible new costs tied to zoning. At the same time, weaker tenants can hurt your interim cash flow. But here’s the opportunity: budget stress can lead to discounted property sales and even city incentive programs. Smart investors who plan for longer timelines and extra costs can still win big. </span> </p> <p> <strong> <br/> Key Data Points </strong> </p> <ul> <li> <strong> Los Angeles </strong> <span> : ~$1 billion projected deficit for FY 2025-26¹. </span> </li> <li> <strong> Santa Monica </strong> <span> : $229 million settlement liabilities². </span> </li> <li> <strong> Long Beach </strong> <span> : $60.5 million shortfall over five years⁵. </span> </li> </ul> <p> <span> <br/> Now is the time to stress-test your leases, evaluate tenant strength, and model rising costs. If you wait until the fee hikes hit, it’s too late. </span> </p> <p> <span> <br/> Call or DM me today. Let’s make sure your property is protected and positioned to grow in this shifting market. </span> </p> <p> <span> <br/> What do you think, can city budget problems be the hidden risk most retail property owners aren’t watching closely enough? </span> </p> <p> <span> <br/> #RetailRealEstate #LosAngelesCRE #PropertyInvestment #CommercialRealEstate #LACounty </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <span> Footnotes &amp; Sources </span> </p> <ol> <li> <a href="https://abc7.com/post/la-faces-1-billion-budget-shortfall-what-led-financial-mess/16225012/?utm_source=chatgpt.com" target="_blank"> ABC7 – LA faces $1B deficit, layoffs possible </a> </li> <li> <a href="https://www.latimes.com/california/story/2025-09-13/santa-monica-financial-crisis?utm_source=chatgpt.com" target="_blank"> LA Times – Santa Monica financial crisis </a> </li> <li> <a href="https://2urbangirls.com/2025/09/inglewood-unveils-fiscal-year-2025-2026-budget-showing-24m-deficit/?utm_source=chatgpt.com" target="_blank"> 2UrbanGirls – Inglewood $24M budget deficit </a> </li> <li> <a href="https://beverlypress.com/2025/06/beverly-hills-council-approves-662-million-budget/?utm_source=chatgpt.com" target="_blank"> Beverly Press – Beverly Hills council budget report </a> </li> <li> <a href="https://www.longbeachlocalnews.com/2025/05/12/long-beach-faces-projected-20-million-shortfall-in-2026-amid-fiscal-uncertainty/?utm_source=chatgpt.com" target="_blank"> Long Beach Local News – $20M shortfall, structural deficit </a> <span> ems. </span> <span> <br/> </span> <span> <br/> </span> </li> </ol> <p> <strong> Disclaimer </strong> </p> <p> <span> This post is for information only. It is not legal, tax, or financial advice. Always check with a licensed professional before making decisions. </span> </p> <p> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> <br/> </span> <span> © 2025 Marc Perlof Group. All rights reserved. </span> <span> <br/> </span> <span> <br/> </span> </p> </div> Mon, 29 Sep 2025 07:30:44 GMT https://www.marcperlof.com/la-cities-in-crisis-how-budget-cuts-put-retail-real-estate-risk-front-and-center thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapb5b67044 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-09-26+at+10.22.33-AM.png" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Petco thins its fleet with 25 store closings planned this year </strong> </p> <p> <span> <br/> </span> </p> <p> <span> 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. </span> </p> <p> <span> The San Diego-based company disclosed it was doing roughly two dozen closings when it reported second-quarter earnings recently. Petco's net sales of $1.5 billion decreased 2.3% compared with the prior-year period, and comparable sales dipped 1.4% year over year... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1898061592/petco-thins-its-fleet-with-25-store-closings-planned-this-year?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=d-c-council-passes-controversial-rental-act-aimed-at-overhauling-housing-market&amp;_bhlid=33dd7568d2abe05b6d2f588dd7f0a7c6f8551bcb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-09-26+at+10.24.34-AM.png" alt="A blurry picture of a clothing store with clothes on display."/> </div> <div data-rss-type="text"> <p> <strong> Chick-fil-A joins beverage-focused restaurant fray </strong> <span> <br/> </span> </p> <p> <span> Chick-fil-A is expanding way beyond sweet tea. </span> </p> <p> <br/> </p> <p> <span> The Atlanta-based chicken chain said it plans to open a new beverage-focused restaurant concept, Daybright, this fall in the Atlanta area. </span> </p> <p> <br/> </p> <p> <span> “Daybright is brought to you by Red Wagon Ventures LLC, which is a subsidiary of Chick-fil-A,” the chain said in a statement. “We look forward to sharing more details in the future!”... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1179351115/chick-fil-a-joins-us-beverage-centric-restaurant-fray?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p2&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc1ODgxMTA4OX0.J8oxg0jm2ZBzCv_f6evYjU9qBxjVcbvAvtNz8fbmcfU" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/toys_r_us_tanger_outlets-a639150c.jpg" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> Toys”R”Us to open 10 U.S. flagships by year-end; locations include… </strong> <span> <br/> <br/> </span> </p> <p> <span> Toys”R”Us is expanding its footprint at home and abroad as it gears up for the toy industry's busiest season. </span> </p> <p> <span> The toy retailer, in partnership with Go! Retail Group, said it is planning to open 10 new flagships and 20 seasonal holiday shops in the U.S. by year's end... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/toysrus-open-10-us-flagships-year-end-locations-include?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_Weekend&amp;mkt_tok=ODI1LUxTUC01NDUAAAGdBd2uDLV0bLi47YBnPSFFs4CXn-uaRzd8mu7-do-1RWbBJbteFNFDYDLUQm8fGBSeGCfuAy6c6MKDuMOgDDZS9aB2cEWTCQIE7yial6wLTifD" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/forever_21.jpg" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Forever 21 shifts to ‘digital-first;’ seeks U.S. partner for physical stores </strong> </p> <p> <span> <br/> Teen apparel brand Forever 21 will live on in the U.S.  </span> </p> <p> <br/> </p> <p> <span> Authentic Brands Group announced new operating partners to drive the digital growth, wholesale expansion and kidswear innovation of Forever 21 as it transitions to a “digital-first” brand in the United States. (Earlier this year, Forever 21’s U.S. licensee, F21 OpCo, filed for bankruptcy. The Forever 21 IP is wholly owned by Authentic. )... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/forever-21-shifts-digital-first-seeks-us-partner-physical-stores?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGdD9o2bKY5fgjzf2s1KwApjxPtQj9hjAL63tP3Vy51-hz97euYAwZdAhwE0xCisNfOoZ0Fgmrv8Lz00VF9-9EmFAh51etmaTKy9URxns2au-Uf" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/office_depot_1.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Office Depot parent company to be acquired in deal valued at $1 billion </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Office Depot is going private. </span> </p> <p> <br/> </p> <p> <span> The ODP Corp., whose portfolio includes Office Depot and OfficeMax, ODP Business Solutions and distribution logistics service provider Veyer, has entered into an agreement to be acquired by an affiliate of private equity group Atlas Holdings, which owns a global network of manufacturing and distribution businesses, for $28 per share in cash... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/office-depot-parent-company-be-acquired-deal-valued-1-billion?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGdGidzBqwnC-tHFSpVcjmo5FN8y9XNklqDunX4rmsPI6QEK7cU_EIu0RXSwl-h1Mdfx1dfjH_rQvu86ARM4UlUDiPfze8Tg7IiWoH02yLm98Fj" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-09-26+at+10.33.48-AM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> First major retailer reopens in Pacific Palisades after wildfires </strong> </p> <p> <span> <br/> </span> </p> <p> <span> CVS Pharmacy is the first major retailer to reopen in Pacific Palisades months after one of California’s worst wildfires on record tore through the area, destroying dozens of businesses. </span> </p> <p> <br/> </p> <p> <span> The pharmacy celebrated the reopening of its location at 864 Swarthmore Ave. this week. It’s one of the first businesses to return since the wildfires destroyed nearly 5,500 single-family homes and dozens of apartment buildings, stores and offices... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/492389635/first-major-retailer-reopens-in-pacific-palisades-after-wildfires?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=bond-yields-are-driving-the-wildest-swings-in-cre-values&amp;_bhlid=29897b0b94f8e74ad48c088bd91bf3ca257d8551" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/The_front_of_a_Save_A_Lot.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Save A Lot spends summer reopening 27 stores </strong> <span> <br/> <br/> </span> </p> <p> <span> Save A Lot, based in St. Ann, Mo., has resumed operations under its brand name in 27 stores across Indiana, Ohio and Pennsylvania. The move follows a rebranding effort in 2024 that the company stated was improperly executed. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The company said it has worked to bring these locations in line with its operational and financial standards. The stores have resumed offering a range of food and household items, including private label and national brand products... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/new-stores/save-a-lot-spends-summer-reopening-27-stores?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_09252025&amp;utm_campaign=67446&amp;utm_medium=email&amp;elq2=0db4f77bd97f40918be2d9434009c3fc&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/starbucksnewdesign.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Starbucks Announces More Layoffs and Store Closures as Comeback Plan Continues </strong> </p> <p> <span> <br/> </span> </p> <p> <span> The next step in Starbucks comeback plan? Closures and more layoffs.  </span> </p> <p> <br/> </p> <p> <span> The coffee giant announced Thursday that it is eliminating 900 corporate roles and closing many open positions. This comes after cutting 1,100 corporate positions earlier in 2025. These layoffs do not impact in-store employees... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/starbucks-announces-more-layoffs-and-store-closures-as-comeback-plan-continues/?spMailingID=172316&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=172316" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/shutterstock_495589945.jpg" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Retail seasonal hiring to fall to lowest level since 2009 </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Retailers may be doing more than less this holiday when it comes to staffing stores and other facilities for the seasonal rush.  </span> </p> <p> <br/> </p> <p> <span> Seasonal hiring announcements by retailers remain muted as the industry gears up for the holidays, according to Challenger, Gray &amp; Christmas’ “2025 Seasonal Hiring Report..." <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/retail-seasonal-hiring-fall-lowest-level-2009?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGdH1DI0-QJReWMreWuT9kJpmpHRl3eiRRlmRp43H-Pwr39CNOd9gncn0Nzqlg_RL4RYZTwPXDrnSbc2m3bKf2GD5w4l7PdQmQyfWSr_R5g7gRm" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-09-26+at+10.40.46-AM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> When it comes to securing more space, retailers keep their foot on the gas </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Retailers are navigating a complex landscape marked by rising costs from elevated tariffs as increasingly cautious consumers pull back on spending. However, retailers also keep leasing space at a torrid pace, underscoring the strategic importance of securing desired locations in a supply-constrained environment... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/884616773/when-it-comes-to-securing-more-space-retailers-keep-their-foot-on-the-gas?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=insights&amp;utm_content=p2&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc1ODgzMjAwNX0.ySEfuxEu4zP04NL57HYMDHC0UZGD0NBi0BpQ2_jICcQ" target="_blank"> Read Full Article... </a> </p> </div> Fri, 26 Sep 2025 14:33:22 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapb5b67044 thumbnail main image https://www.marcperlof.com/retail-owners-last-chance-for-huge-tax-savings-before-179d-ends-in-2026 <div data-rss-type="text"> <p> <strong> Hey, Retail Real Estate Rockstars! </strong> </p> <p> <span> <span> <br/> Property owners could lose tens of thousands in </span> </span> <strong> federal </strong> <span> <span> tax savings on building upgrades starting July 2026. The Big Beautiful Law (H.R. 1) ends the </span> </span> <strong> Energy Tax Deduction for Commercial Buildings (§ 179D) </strong> <span> . If you’ve been counting on tax savings for energy upgrades like HVAC, lighting, or windows, here’s what you need to know to plan smart. </span> </p> <p> <strong> <br/> What § 179D Gave You vs. What’s Changing </strong> </p> <p> <span> <span> Before, § 179D let building owners (including retail landlords) take </span> </span> <strong> tax deductions </strong> <span> <span> for energy-saving improvements, things like LED lighting, efficient HVAC systems, and better insulation or windows. These deductions often meant real money saved when making upgrades. <br/> Now, under H.R. 1: </span> </span> </p> <ul> <li> <span> <span> Starting </span> </span> <strong> July 1, 2026 </strong> <span> , new construction or upgrade projects will no longer qualify for § 179D deductions¹. </span> </li> <li> <span> <span> That means no tax savings for HVAC, lighting, or other energy upgrades if work begins after </span> </span> <strong> June 30, 2026 </strong> <span> . </span> </li> <li> <span> Projects already started before that date may still qualify. </span> </li> </ul> <p> <strong> <br/> Key Points </strong> </p> <ul> <li> <span> The energy tax deduction (§ 179D) ends for projects that begin after June 30, 2026¹. </span> </li> <li> <span> Retail owners planning upgrades should move quickly to use the benefit before it disappears. </span> </li> <li> <span> Budgets, return on investment (ROI), and financial models need to be updated for this change. </span> </li> </ul> <p> <strong> <br/> Data You Should Know </strong> </p> <ul> <li> <span> § 179D savings were often measured in dollars per square foot of upgrades across lighting, HVAC, and building envelope systems². </span> </li> <li> <span> The repeal impacts all commercial building owners starting new projects after mid-2026¹. </span> </li> <li> <span> For example, a $250,000 HVAC upgrade that qualified under § 179D could deliver $25,000–$50,000 in tax deductions, savings that disappear once the repeal takes effect. </span> </li> <li> <span> Without § 179D, payback periods could stretch longer with ROI dropping by 10–20% on similar projects². </span> </li> </ul> <p> <strong> <br/> What This Means for Your Property </strong> </p> <p> <span> If you’ve been planning energy-efficient upgrades and counting on § 179D: </span> </p> <ul> <li> <span> Your ROI will be lower — you’ll need to depend on state programs, utility rebates, or direct energy savings. </span> </li> <li> <span> Any deals assuming § 179D must be re-checked and adjusted. </span> </li> <li> <span> Getting upgrades done before June 30, 2026 can help maintain property value since future buyers won’t have this tax break. </span> </li> </ul> <p> <span> <br/> If you’re a retail property owner looking at upgrades, whether for lighting, HVAC, windows, or insulation, this repeal changes the game. Let’s review your projects, see if they can begin in time to qualify, and adjust your cash flow plan. Call or DM me to map out your best move. </span> </p> <p> <span> <br/> With § 179D ending on June 30, 2026, what upgrades will you push forward now and will they still hold value once the tax break is gone? </span> </p> <p> <span> <br/> #179DRepeal #EnergyEfficientTaxDeduction #CommercialBuildingUpgrades <br/> #TaxSavingsForHVACLighting #HR1EnergyTax <br/> </span> </p> </div> <div data-rss-type="text"> <p> <span> Footnotes &amp; Sources </span> </p> <ol> <li> <span> H.R. 1, Sec. 70507: Termination of Energy Efficient Commercial Buildings Deduction — “This section shall not apply with respect to property the construction of which begins after June 30, 2026.” </span> </li> <li> <span> Historical § 179D allowed deductions in the range of dollars per square foot for energy-efficient commercial upgrades across lighting, HVAC, and building envelope systems. </span> <span> <br/> </span> <span> <br/> </span> </li> </ol> <p> <strong> Disclaimer </strong> </p> <p> <span> This post is for information only. It is not legal, tax, or financial advice. Always check with a licensed professional before making decisions. </span> </p> <p> <span> <br/> </span> <span> <br/> </span> </p> <p> <span> <br/> </span> <span> © 2025 Marc Perlof Group. All rights reserved. </span> <span> <br/> </span> <span> <br/> </span> </p> </div> Mon, 22 Sep 2025 03:50:04 GMT https://www.marcperlof.com/retail-owners-last-chance-for-huge-tax-savings-before-179d-ends-in-2026 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recape8e3aca5 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/7Brewlocation.jpg" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> 7 Brew’s Second-Largest Franchisee Sold to FEP </strong> </p> <p> <span> <br/> </span> </p> <p> <span> 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—the second-largest franchise owner of rapidly expanding beverage chain 7 Brew. As part of the deal, FEP will carry out 7 Crew’s existing development agreement to open more than 200 new stands in addition to the 50 it currently directs... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/7-brews-second-largest-franchisee-sold-to-fep/?spMailingID=171120&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=171120" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/California-wants-to-rollback-environmental-rules-for-cannabis-1140x570.jpg" alt="A blurry picture of a clothing store with clothes on display."/> </div> <div data-rss-type="text"> <p> <strong> Council approves cannabis for all with vastly expanded options for opening new dispensaries in city limits </strong> <span> <br/> <br/> </span> </p> <p> <span> The City Council voted 6-1 to allow commercial cannabis in Santa Monica last week. If this seems like old news, it could be because the city has debated dispensaries for more than a decade with a new round of study sessions picking up steam in the past two years... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smdp.com/business/council-approves-cannabis-for-all-with-vastly-expanded-options-for-opening-new-dispensaries-in-city-limits/?mdstkn=otmZ4wEiRcvygcWbfal6YoTLDkWT01E4h1jtFsebVvqApFh35YsXorMrpoHdZZohVsT4UbfdiTBiv9%2BqdTrqbwiEVuTkugzX7UkSEDtTjUIankJVp2AyzDgfChbr%2BFNcbYNHoEIo6OLEz3s4rhLgQ7v%2BJOCFwdxD4k1Mg9D%2B6zsf%2BNzPluX2ULs2GYC3umTN" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/06_Kali+Hotel+Construction+Progress_credit-Clayco_+Matt+McFarland.jpg" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> $300M Kali Hotel tops out next to SoFi Stadium in Inglewood </strong> </p> <p> <strong> <span>  </span> </strong> <span> <br/> </span> </p> <p> <span> Just south of SoFi Stadium in </span> <span>   </span> <a href="https://la.urbanize.city/tags/hollywood-park" target="_blank"> Inglewood's Hollywood Park </a> <span>  complex, vertical construction is now complete for the Kali Hotel and Rooftop,  </span> <a href="https://thekpcgroup.com/" target="_blank"> KPC Development Company </a> <span>  announced on September 10 with a topping out ceremony. </span> </p> <p> <span> <br/> The $300-million project, the only permitted hotel within the Hollywood Park Specific Plan, will consist of a 12-story building featuring 300 guest rooms on its upper floors, as well as 34 suites designed for sports and entertainment figures visiting nearby venues. The hotel is to be part of Marriott's Autograph Collection... </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://la.urbanize.city/post/300m-kali-hotel-tops-out-next-sofi-stadium-inglewood" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/IMG_4081-scaled.webp" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Inglewood unveils Fiscal Year 2025-2026 budget showing $24M deficit </strong> </p> <p> <span> <br/> INGLEWOOD – The City of Inglewood has unveiled its proposed Fiscal Year 2025-2026 budget, which shows a $24 million deficit. </span> </p> <p> <br/> </p> <p> <span> The budget also details multi-million dollar deficits in the Parking and Traffic, Sanitation, and Water Funds. </span> </p> <p> <br/> </p> <p> <span> The budget begins with a letter from the city manager. explaining the City’s financial position, but in the proposed FY 2025-2026 budget </span> <a href="https://2urbangirls.com/2025/09/inglewood-unveils-fiscal-year-2025-2026-budget-showing-24m-deficit/#4b6b0fa7-ea7e-4c8b-b4a9-54ac08433987" target="_blank"> ¹ </a> <span> , they put the same letter former city manager Mark Weinberg wrote for the FY 2024-2025 budget and just changed the heading... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://2urbangirls.com/2025/09/inglewood-unveils-fiscal-year-2025-2026-budget-showing-24m-deficit/" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/blackrockcoffeebar-2.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Black Rock Coffee Bar Reaches $294.1 Million IPO </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Black Rock Coffee Bar is now officially a public company. </span> </p> <p> <br/> </p> <p> <span> The coffee chain priced its IPO at $20 per share, raising $294.1 million. </span> </p> <p> <br/> </p> <p> <span> The company closed Friday at $27.53 per share, or about 37.7 percent above its IPO share price. That closing price gave the company a market value of about $1.32 billion. </span> </p> <p> <span> Black Rock is listed on the Nasdaq under “BRCB.” It is the third coffee concept currently trading on the stock market—the other two being Starbucks and Dutch Bros. It is also the first restaurant IPO in two years, following CAVA and Gen Korean BBQ... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/black-rock-coffee-bar-reaches-294-1-million-ipo/?spMailingID=170712&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=170712" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/kirklands-8ef552f8.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Bed Bath &amp; Beyond closes $10 million purchase of Kirkland’s Home brand assets </strong> </p> <p> <span> <br/> </span> </p> <p> <span> The owner of Bed Bath &amp; Beyond, Overstock, Buybuy Baby and a blockchain asset portfolio, has completed its $10 million purchase of the Kirkland’s Home </span>  <span> trade name and related brand assets from The Brand House Collective Inc. (In July, Kirkland’s Inc. changed its name to The Brand House Collective.).. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/bed-bath-beyond-closes-10-million-purchase-kirklands-home-brand-assets?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGc9h1OO3oJDVpGvU-Htk7X2LRxDys3fZopvoAAVJra6FbAKXCKknP6K9TUytXhCc9JFBAYDwd0tBgeMuHzEEvTA2GgvHmOTso4MN1jblLbiYaS" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/schnucks.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Schnucks Markets to acquire 51 stores in Wisconsin </strong> </p> <p> <span> <br/> </span> </p> <p> <span> The newly-formed company that owns Schnucks Markets is expanding its footprint in Wisconsin via an acquisition. </span> </p> <p> <br/> </p> <p> <span> The 1939 Group Inc. has entered into an agreement to purchase 100% of the shares of the Wisconsin-based parent company of Skogen’s Festival Foods and Hometown Grocers Inc. The sale is expected to be completed later in October, subject to customary review and approval... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://chainstoreage.com/news-briefs/2025-09-16?article%3Dschnucks-markets-acquire-51-stores-wisconsin&amp;source=gmail&amp;ust=1758365136608000&amp;usg=AOvVaw20Nu7lLRjpTMc5HjY-3Q7E" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/toys_r_us_tanger_outlets.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Toys”R”Us to open 10 U.S. flagships by year-end; locations include… </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Toys”R”Us is expanding its footprint at home and abroad as it gears up for the toy industry's busiest season. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The toy retailer, in partnership with Go! Retail Group, said it is planning to open 10 new flagships and 20 seasonal holiday shops in the U.S. by year's end... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/toysrus-open-10-us-flagships-year-end-locations-include?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGc9h1OO1DLP2WUcHr5W6rMwHHceM0--r1VrJOyvxI8ggHb9ez5T-1nK43fpO55hyL_hfRFe51EC3TqZP9qCDxqq_8lmjxdZ4SekF0HZdLlWQmh" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/paver-urban-setting-with-pedestrians-walking-by-paver-image-photography-scaled.webp" alt=""/> </a> </div> <div data-rss-type="text"> <p> <strong> Consumer Slowdown Hits Retail And Dining Ahead Of Holidays </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Retail and dining activity are starting to show a more sustained slowdown, reports GlobeSt. The trend is becoming more noticeable as the holiday season approaches, with foot traffic declining across many states. According to new analysis from Placer.ai, a once-temporary dip in consumer visits may be evolving into a broader, more structural slowdown... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/consumer-slowdown-hits-retail-and-dining-ahead-of-holidays/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=wall-street-s-newest-a-i-play-parking-lots&amp;_bhlid=1e7402a598ba7e6661bd3c2b3fb378e276e59b3f" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/A_Target_sign.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Target is ready to open 7 new stores this fall </strong> <span> <br/> <br/> </span> </p> <p> <span> Target announced on Monday it will be opening seven new stores this fall in Arizona, California, Florida, Nebraska, South Carolina, Texas and Virginia. </span> </p> <p> <br/> </p> <p> <span> The Minneapolis-based retailer said six of the new stores will lean into larger footprints at over 140,000 square feet. </span> </p> <p> <br/> </p> <p> <span> Target plans on building more than 300 new stores over the next decade, following its stores-as-hubs model where stores serve as both shopping destinations and fulfillment hubs for delivery. Target stores fulfill 95% of the retailer’s digital orders, including same-day delivery service with Target Circle 360... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/new-stores/target-is-ready-to-open-7-new-stores-this-fall?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_09162025&amp;utm_campaign=67305&amp;utm_medium=email&amp;elq2=d1135f26ca744358b069ab9275374744&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> Fri, 19 Sep 2025 11:23:43 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recape8e3aca5 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap9bb102b5 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Photo-One-1-2.jpg" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Cherished Malibu Seafood Shack The Reel Inn May Rebuild After State Reversal </strong> </p> <p> <strong> <span>  </span> </strong> </p> <p> <span> Malibu’s one-of-a-kind seafood spot,  </span> <span> The Reel Inn, </span> <span>  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... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smmirror.com/2025/09/cherished-malibu-seafood-shack-the-reel-inn-may-rebuild-after-state-reversal/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/bank-building-offering-banking-finance-services-scaled.webp" alt="A blurry picture of a clothing store with clothes on display."/> </div> <div data-rss-type="text"> <p> <strong> FirstBank Acquisition Expands PNC Reach In Colorado And Arizona </strong> </p> <p> <span> <br/> </span> </p> <p> <span> PNC Financial Services Group (NYSE: PNC) has announced a definitive agreement to acquire FirstBank Holding Co. The Lakewood, Colorado-based bank will be acquired in a $4.1B deal, reports REBusinessOnline. The acquisition includes FirstBank’s entire retail banking network. It will significantly expand PNC’s footprint in the western US, particularly in Colorado and Arizona... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/firstbank-acquisition-expands-pnc-reach-in-colorado-and-arizona/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=the-new-magic-number-for-nyc-developers-is-99&amp;_bhlid=0560dd020e6a7d1eed1b5ec693694449ed152edc" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-09-12+at+7.30.21-AM.png" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> JPMorgan CEO Jamie Dimon warns of a cloudy US economic outlook </strong> </p> <p> <span> <br/> </span> </p> <p> <span> CEO Jamie Dimon is cautious about the U.S. economic outlook, believing that the full effects of tariffs and other geopolitical headwinds have yet to fully unfold. </span> </p> <p> <br/> </p> <p> <span> "I think you better be careful on that one (on the economic impact on the U.S.) because some of these things have long cycles. So we don’t know yet. People are expecting these things to happen right away. But actually, a lot of them haven’t happened," Dimon said in a podcast interview on Office Hours: Business Edition set to be released on Wednesday morning... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.reuters.com/business/finance/jpmorgan-ceo-jamie-dimon-warns-cloudy-us-economic-outlook-2025-09-09/" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CMLcover.jpg" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> The Story of Cousins Maine Lobster: Food Trucks, Family, and a Billion-Dollar Brand </strong> </p> <p> <span> <br/> Years before Mike Carmody rose to Cousins Maine Lobster’s chief of operations, he was almost certain he would be fired. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> It was 2017 and he was manning a food truck at cofounder Sabin Lomac’s family friend’s house in Maine—an event with around 50 people in attendance. </span> </p> <p> <span> Carmody knew it was a big deal. Lomac wanted the CML truck to be here. He thought to himself, “We’ve got to nail this,” especially after coming off a week in which he posted an unacceptably high payroll... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/the-story-of-cousins-maine-lobster-food-trucks-family-and-a-billion-dollar-brand/?spMailingID=169614&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=169614" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-09-12+at+7.34.37-AM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Old Navy to sail into new territory: beauty </strong> <span> <br/> <br/> </span> </p> <p> <span> Old Navy will soon be making room at its stores to sell beauty products. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> San Francisco-based Gap, Old Navy's parent, said it will test this year selling makeup and personal care products at the apparel chain. That phased launch will include 150 Old Navy stores featuring a curated assortment of beauty merchandise, "with select stores offering dedicated shop-in-shops and beauty associates," according to Gap. Next year, the company said it plans to "scale its Old Navy beauty business..." <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/2059321902/old-navy-to-sail-into-new-territory-beauty?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p2&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc1NzYwNjQxOH0.Ssi42M0DY0njslJsNWDe9n0OMz55-4fj1K8dKfmvTdk" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/salomon_bucktown.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Salomon opens second U.S. store as its plots more expansion — here’s where </strong> </p> <p> <br/> </p> <p> <span> Salomon is putting down more roots stateside. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The French sports lifestyle brand has opened its second U.S. store, in the heart of Chicago’s Bucktown neighborhood. It follows the opening of Salomon’s store in New York City last year... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2025-09-05?article=salomon-opens-second-us-store-its-plots-more-expansion-heres-where" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/lululemon.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Lululemon Q2 sales driven mostly by global growth; expects $240 million tariff hit </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Lululemon Athletica Inc. reported mixed second-quarter results and slashed its full-year earnings outlook as it deals with higher tariffs, staleness in its merchandise mix and falling demand in its core U.S. market. </span> </p> <p> <span> The outlook includes an expected $240 million hit from tariffs and the recent end of the de minimis exemption... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/lululemon-q2-sales-driven-mostly-global-growth-expects-240-million-tariff-hit?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGcx8NWyU7eZA-wwRog4ykxKipuOeiOFtFlyuTKGJwOmIb6SLFRlcSx0wgVLY11SbFVjLoWQMGwGPD8bf19llO0PxDM9jL95iXngtIOW0ATp8NJ" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/nyc_union_square_east_uplift_02.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Starbucks to give makeovers to 1,000 cafes by end of 2026 </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Starbucks Corp. is looking to make its U.S. locations more cozy and inviting.  </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The coffee giant said it is making over its cafes to create physically welcoming spaces that bring back familiar touches such as generous seating and designs reflecting the local community. Some locations in New York City and Southern California have already been given the makeover. By the end of 2026, some 1,000 coffeehouses will have been refreshed, with more to come in the years ahead... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/starbucks-give-makeovers-1000-cafes-end-2026?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGcx8NWyVXWe7aKVMxIKrYatCqaH7AIUpPdinYTbiMKzCvaBf-EP8LE7scmRn5cVWpdZK4CDxSmt_CbhmHcqkAnqEO88H5ZeM-Y0NyenCKvP_RH" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-09-12+at+8.04.39-AM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Noodles &amp; Company may be ready to serve itself up in a sale </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Noodles &amp; Company, slated to close several dozen restaurants this year, has kicked off a strategic review that includes possibly selling all or part of its business. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The Broomfield, Colorado-based chain, which has roughly 450 fast-casual eateries, said Wednesday it’s exploring a menu of options, including refinancing existing indebtedness, refranchising, other strategic or financial transactions, as well as a sale. The company has not set a deadline or definitive timetable to complete its review... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/60435783/noodles-company-may-be-ready-to-serve-up-a-sale?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=cre-financing-stalled-as-rate-cuts-remain-elusive&amp;_bhlid=99a1f1b7cf790efa0d87e87fb619f91a463401ae" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-09-12+at+8.06.31-AM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Retailers expand stores for expected luxury boom </strong> <span> <br/> <br/> </span> </p> <p> <span> Luxury retailers are still expanding their brick-and-mortar footprints in the United States despite headwinds from the economy and tariffs. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> In the first half of the year, store growth substantially increased for upscale chains, with newly opened luxury retail square footage rising 65.1% compared with the same period in 2024, according to a JLL report released Tuesday. Luxury chains debuted 226,513 square feet of store space compared with 137,186 square feet in the prior year, the real estate firm said... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/983043759/retailers-expand-stores-for-expected-luxury-boom?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=falling-lumber-costs-could-spell-trouble-for-the-broader-economy&amp;_bhlid=746cc24b1c75cec56ca2d02b1d6651cbdd6d2760" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/The_front_of_a_Safeway_store.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Albertsons plans 12 Safeway closures, including 10 in Colorado </strong> <span> <br/> <br/> </span> </p> <p> <span> Albertsons is planning to close 10 Safeway stores across Colorado and one each in New Mexico and Nebraska, a company spokesperson confirmed on Wednesday. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The closures come after the failed merger with Kroger and the recent prolonged labor negotiations with the United Food and Commercial Workers that included a two-week strike. They also follow a corporate restructuring earlier this year in which Albertsons merged its Intermountain and Denver divisions to form the Mountain West Division. In addition, the company laid off nearly 400 Safeway corporate staff as it launched a cost-cutting initiative in February... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/store-closings/albertsons-plans-12-safeway-closures-including-10-in-colorado?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_09112025&amp;utm_campaign=67236&amp;utm_medium=email&amp;elq2=138153816f484c7a90939085731828f9&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-09-12+at+8.11.16-AM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Restaurants, bars, coffee shops drive US retail market </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Restaurants, bars, and coffee shops are fueling the retail real estate market, accounting for nearly a fifth of all new leasing over the past year, as Americans spend record sums dining out despite higher prices. </span> </p> <p> <br/> </p> <p> <span> New Census Bureau data shows consumers shelled out more than $100 billion at restaurants and coffee shops in July, a 5.6% increase over the past year and nearly 50% more than at the start of the pandemic, underscoring both the resilience of demand — as customers desire value and convenience — and the sector’s expanding footprint... </span> </p> <p> <br/> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/182060493/restaurants-bars-coffee-shops-drive-us-retail-market?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p1&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc1NzYwNTgyNH0.ZSbdJZBgnKUTnZv_Vgu1PH-ZLGr65-ovXVHblKzfKjQ" target="_blank"> Read Full Article... </a> </p> </div> Fri, 12 Sep 2025 12:18:59 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap9bb102b5 thumbnail main image https://www.marcperlof.com/retail-investors-win-new-salt-deduction-rules-could-supercharge-your-cash-flow <div data-rss-type="text"> <p> <span> Hey, Retail Real Estate Rockstars! </span> </p> <p> <span> <br/> 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. </span> </p> <p> <span> <br/> For those of you investing in retail real estate, this is the kind of victory that calls for a double espresso and a fresh pro forma. We're talking about actual tax relief in 2025. Let's dissect it. </span> </p> <p> <strong> <br/> What Just Happened? </strong> </p> <p> <span> The SALT deduction cap, once stuck at $10,000 per household, has officially increased to $40,000 for joint filers and $20,000 for single filers — but only between 2025 and 2029. After that, it’s back to the old cap unless Congress re-ups¹. </span> </p> <p> <strong> <br/> Important Clarification for Property Owners </strong> <span> <br/> While the IRS frames the new SALT cap in terms of individual filers ($20,000 single / $40,000 joint), the impact depends on how your retail property is owned: </span> </p> <ul> <li> <strong> LLCs, Partnerships, and S-Corporations (Pass-Throughs): </strong> <span> <span> Income, expenses, and property taxes flow through to the owners’ personal returns. The higher SALT cap allows greater deductions here, boosting post-tax cash flow for the individual owners. </span> </span> </li> <li> <strong> Trusts &amp; Estates: </strong> <span> <span> Similar pass-through treatment, meaning beneficiaries or trustees may capture the benefit depending on structure. </span> </span> </li> <li> <strong> C-Corporations: </strong> <span> <span> The SALT cap generally doesn’t apply, since corporate taxes are calculated differently and deductions follow corporate rules. </span> </span> </li> <li> <strong> REITs (Public or Private): </strong> <span> <span> REITs have their own tax regime, but shareholders who receive pass-through income may benefit at the individual level. </span> </span> </li> <li> <strong> Direct Individual Ownership: </strong> <span> <span> If you hold the property in your own name, property taxes fall directly under the SALT deduction rules. </span> </span> </li> </ul> <p> <span> <br/> </span> </p> <p> <span> If you live in a high-tax state like California, New York, or New Jersey, this means you can deduct a lot more of your state income, property, and local sales taxes on your federal returns. </span> </p> <p> <strong> <br/> Why Retail Property Owners Should Care </strong> </p> <ol> <li> <strong> More Deductible Property Taxes </strong> <span> <br/> You can lower your taxable income on your federal return by deducting a larger portion of your high property taxes on retail assets. </span> </li> <li> <strong> Boosts Post-Tax Cash Flow </strong> <span> <br/> Increased deductions = less tax paid = more cash in your pocket. </span> </li> <li> <strong> Offsets Reassessment or NNN CAM Spikes </strong> <span> <br/> With inflation and property tax reassessments squeezing margins, this SALT cap increase gives you some room to breathe¹. </span> </li> <li> <strong> Attractive to High-Income Buyers </strong> <span> <br/> New investors seeking tax efficiency may find your retail property more alluring if you offer larger deductions. </span> </li> <li> <strong> Strategic Planning Window: 2025–2029 </strong> <span> <br/> These changes expire after 2029, so use this window wisely — structure sales, 1031 exchanges, or renovations when you can best leverage the deduction bump¹. </span> </li> </ol> <p> <strong> <br/> Real Data, Real Impact </strong> </p> <ul> <li> <span> The original SALT cap from the 2017 Tax Cuts and Jobs Act was projected to cost Californians alone over $12 billion in lost deductions annually². </span> </li> <li> <span> Nearly 30% of households in high-cost areas maxed out the previous SALT deduction limit². </span> </li> </ul> <p> <strong> <br/> What About NNN Leases? </strong> </p> <p> <span> Here’s the twist: if your property is on a triple-net (NNN) lease, your tenants — not you — pay the property taxes. </span> </p> <ul> <li> <strong> For Landlords: </strong> <span> <span> The SALT cap change doesn’t directly benefit you, since you aren’t the one writing the property tax check. </span> </span> </li> <li> <strong> For Tenants: </strong> <span> <span> They may be able to deduct more of those property taxes on their federal returns, depending on how their business or personal tax filings are structured¹. </span> </span> </li> </ul> <p> <span> <br/> </span> <strong> Smart Move: </strong> <span> <span> Share this info with your tenants. </span> </span> </p> <p> <strong> Suggested Subject Line for Tenant Email: </strong> <span> <br/> “You May Benefit from New Tax Deduction Rules (H.R. 1)” </span> </p> <p> <span> A simple note saying, </span> </p> <p> <span> “The new federal tax law (H.R. 1) increased the SALT deduction cap for 2025–2029. Since you pay property taxes under your NNN lease, this may be relevant for your tax planning. Please confirm with your CPA.” </span> </p> <p> <span> <br/> That small gesture positions you as knowledgeable, supportive, and proactive — which builds goodwill and strengthens tenant relationships. </span> </p> <p> <span> <br/> If you’re considering a sale, refinance, or exchange between now and 2029, let’s talk strategy while this deduction window is wide open </span> </p> <p> <span> <br/> #RetailRealEstate #CommercialRealEstate #TaxStrategy #SALTdeduction #PropertyOwners </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <span> Footnotes &amp; Sources </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://www.nahb.org/blog/2025/08/opprtunity-zones-one-big-beautiful-bill-act" target="_blank"> ¹ Big Beautiful Bill (H.R. 1) — Section on SALT Deduction Increase <br/> ² Congressional Research Service. The SALT Cap: Overview and Economic Impact. CRS Report IF11827 </a> </p> <p> <br/> </p> <p> <span> <br/> </span> <span> This blog post is provided for educational purposes only and does not constitute legal, tax, or financial advice. Retail property owners and tenants should consult with their CPA, tax advisor, or attorney to understand how the SALT deduction changes under H.R. 1 apply to their specific situation. </span> <span> <br/> </span> </p> <p> <span> <br/> </span> </p> <p> <span> <br/> </span> <span> © 2025 Marc Perlof Group. All rights reserved. </span> <span> <br/> </span> <span> <br/> </span> </p> </div> Mon, 08 Sep 2025 09:02:40 GMT https://www.marcperlof.com/retail-investors-win-new-salt-deduction-rules-could-supercharge-your-cash-flow thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapb4829f0b <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/It-has-been-gratifying-to-discover-how-many-peoples-lives-have-been-touched-by-The-Reel-Inn.-We.png" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> The Iconic Reel Inn Malibu To Say Goodbye After 36 Years </strong> </p> <p> <span> <br/> </span> </p> <p> <span> 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.  </span> </p> <p> <br/> </p> <p> <span> The move effectively closes a 36-year chapter for the 144-seat seafood shack on Pacific Coast Highway, long recognizable for surfboards on the walls, clever signage, chalkboard menus, and the relaxed Malibu customers... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smmirror.com/2025/09/the-iconic-reel-inn-malibu-to-say-goodbye-after-36-years/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/A_Dollar_Tree_sign.webp" alt="A blurry picture of a clothing store with clothes on display."/> </div> <div data-rss-type="text"> <p> <strong> Dollar Tree posts Q2 gains, predicts flat Q3 profits </strong> <span> <br/> <br/> </span> </p> <p> <span> Dollar Tree on Wednesday reported double-digit gains in second-quarter sales and profits, but the company said tariffs would continue to pressure earnings in the third quarter. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The low-price retailer said it expected diluted earnings per share in the third quarter to be about even with year-ago results, despite forecasts for strong sales growth throughout the year. The flat outlook for Q3 appeared to disappoint investors, who sent the company’s stock down about 8% in early trading on Wednesday... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/finance/dollar-tree-posts-q2-gains-predicts-flat-q3-profits?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_09042025&amp;utm_campaign=67117&amp;utm_medium=email&amp;elq2=b53941c68f8a43189261e77a198b75bf&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-09-05+at+7.31.44-AM.png" alt="A car is parked in front of a sign that says 223"/> </a> </div> <div data-rss-type="text"> <p> <strong> Trump rewriting federal marijuana regulations could unlock billions for the US economy — what you should know </strong> </p> <p> <span> <br/> </span> </p> <p> <span> President Trump recently confirmed that his administration is considering reclassifying marijuana as a less dangerous drug, and that shift could have a massive impact on the U.S. economy. </span> </p> <p> <br/> </p> <p> <span> Currently, marijuana is classified as a Schedule I drug — alongside heroin, LSD and MDMA. These drugs are considered more dangerous and are defined as having no acceptable medical use... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://finance.yahoo.com/news/trump-rewriting-federal-marijuana-regulations-110000190.html?guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAAM3I4xpUejQ1ffsByHWjeXYDaolWFJ9aJuDXi3FH-1Q1-hIvLQ19r6BPj0AB0WXS4yYELpjRjKrgvnR9LLCLD9TGgCFwr541to733XfAnsEN1ok3hHohl7wwaySo5w2hAqr8AZVmSisWDFIkRNi5VytpkHh5ChC-mYq85E87sB6r&amp;guccounter=2" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/blackrockcoffeebar-1.jpg" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Black Rock Coffee Bar Eyes $860.7 Million Valuation </strong> </p> <p> <span> <br/> Black Rock Coffee Bar wants to price its IPO at $16 to $18 per share. This means the chain hopes to raise up to $265 million. It would also mean a valuation of up to $860.7 million. </span> </p> <p> <br/> </p> <p> <span> Black Rock will list on the Nasdaq under “BRCB...” <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/black-rock-coffee-bar-eyes-860-7-million-valuation/?spMailingID=169220&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=169220" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/wendys-9dc848de.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Wendy's opens 118 new locations worldwide in first half of 2025 </strong> </p> <p> <span> <br/> </span> </p> <p> <span> An Ohio-based quick-serve hamburger giant is making progress towards its goal of 1,000 new restaurants by 2028. </span> </p> <p> <br/> </p> <p> <span> Wendy’s announced that in the first half of 2025, it opened 118 restaurants globally. The chain says it remains on track to increase global units by 2% to 3% in 2025 while continuously strengthening its long-term development pipeline... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/wendys-opens-118-new-locations-worldwide-first-half-2025?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGcqNsCgpYSF0tMWBf4URl6dTByKEgHYTm-0wC68eea-yVGZrVrjOKTkfbzpJ70RIkOPzSJl1_ZY_2qFtIY4EC5nwSxk6gdIv8Jt6CI-m2VFMVB" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/academy_sports_outdoors_new_store.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Academy Sports opening 11 stores — here’s where; Q2 sales rise 3.3% </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Academy Sports + Outdoors continues to expand its store footprint.  </span> </p> <p> <br/> </p> <p> <span> The Texas-based sporting goods and outdoor recreation retailer has 11 new stores (locations at end of article) on tap for the third quarter, with plans to open a total of 20 to 25 new locations this fiscal year. To date, Academy has opened eleven stores in 2025, bringing its total to 306 locations across 21 states... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/academy-sports-opening-11-stores-heres-where-q2-sales-rise-33?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGcrgSib-GTntg3sNFUFa00sZ30GHv3OEoNba-Ur0ciKI8yZ6ztG0iayTeMqoT5ZmLuYZBS_hvVA1RR_veZFAf5Jbq1nlusPDxgpf5YlhRimq1M" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/modern-commercial-building-exterior-with-cafe-scaled.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Net Lease Investment Trends Drive Retail Sector Resilience </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Despite economic headwinds, the retail net lease market remained resilient in the first half of 2025, reports GlobeSt. Investors increasingly gravitated toward tenants with strong credit and operational stability. According to Colliers’ mid-year retail review, STNL sales reached $5.7B in the first half of 2025. This marks a 9.6% increase from the second half of 2024. The rise signals renewed confidence in well-leased retail assets... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/net-lease-investment-trends-drive-retail-sector-resilience/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=self-storage-rides-the-wave-of-america-s-multifamily-growth&amp;_bhlid=9c4b6db06db19b7198571a1ad405edb139ef5d00" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-09-05+at+8.01.31-AM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Wawa opens its first convenience store catering to truckers </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Wawa is getting into the truck-stop business. </span> </p> <p> <br/> </p> <p> <span> The mid-Atlantic convenience store chain opened its first store with amenities for truckers near Fayetteville, North Carolina, and started construction on two additional truck stops in Ohio and Indiana... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1563328583/wawa-opens-its-first-store-with-truck-stop-amenities-in-north-carolina?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p3&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc1NzAwNDg0NH0.SROCdDPXHG8LzaiIKF9vS7l6pmAzeMt937LxAvzwrjg" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-09-05+at+8.04.43-AM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> More retailers seek Chapter 11 redo — but few survive </strong> </p> <p> <br/> </p> <p> <span> Bankruptcies aren’t turning out better the second time around for many retailers. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> A flurry of U.S. chains have returned to court recently to file for Chapter 11 reorganization within just a few years after first seeking bankruptcy protection. In August, tween retailer and mall staple Claire’s filed a second time </span> <a href="https://www.costar.com/article/1344347455/claires-identifies-over-1-100-stores-to-potentially-close-in-bankruptcy" target="_blank"> . </a> <span>  While it has found a buyer for up to nearly 1,000 of its stores, it will still be closing hundreds of its locations. And it’s not alone... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/620371929/more-retailers-seek-chapter-11-redo-but-few-survive?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p1&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc1NzAwNDY4OX0.DsN6b-ItCBrWikZ6EDr5xeEPaip1485X3CrN0EsKIG0" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/smashburgersummerofsmash.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> After Years of Silence, Smashburger Plots Comeback Under New CEO </strong> </p> <p> <span> <br/> </span> </p> <p> <span> It’s time for Smashburger to wake up. </span> </p> <p> <br/> </p> <p> <span> That’s the message Jim Sullivan, who was promoted to CEO in August, wants to send to restaurants, franchisees, employees, and the whole system. In prior years, the fast casual has been relatively silent—”virtually invisible,” Sullivan says, except for a rebranding back in September 2024 that involved removing many core items from the menu. The 206-unit Smashburger did augment with some replacements, like the All-American Smash, Bacon Stack Smash, and Chicken Smash Burger, but then the brand stopped innovating... <br/> </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/after-years-of-silence-smashburger-plots-comeback-under-new-ceo/?spMailingID=169001&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=169001" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/1200x800.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Americans Keep Spending But They See Clouds on Horizon </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Never underestimate the American consumer. That’s a lesson economists keep learning. </span> </p> <p> <br/> </p> <p> <span> The labor market has been slowing, inflation is still biting and consumer sentiment remains subdued. But none of those things stopped Americans from boosting their spending by the most in four months in July, according to a Bureau of Economic Analysis report out today... <br/> </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.bloomberg.com/news/newsletters/2025-08-29/americans-keep-spending-but-they-see-clouds-on-horizon?srnd=phx-economics-v2" target="_blank"> Read Full Article... </a> </p> </div> Fri, 05 Sep 2025 12:03:45 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapb4829f0b thumbnail main image https://www.marcperlof.com/is-your-retail-property-underperforming-unlock-hidden-land-value-before-it-s-too-late <div data-rss-type="text"> <p> <span> Hey, Retail Real Estate Rockstars! <br/> <br/> </span> </p> <p> <span> 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. <br/> <br/> Starting January 1, 2025, the Low Income Housing Tax Credit Expansion (LIHTC 2025) begins as part of the new Big Beautiful Law (H.R. 1). The government is giving out 30% more tax credits across the country, making it easier to use these credits for new projects like apartments or mixed-use development over your existing retail buildings.¹ <br/> <br/> What does this mean for you? You may be able to create housing on the additional land or space on your property while keeping your retail tenants in their current locations. HUD projects this could help build 130,000+ more affordable homes each year.² <br/> <br/> How You Can Benefit </span> </p> <ul> <li> <span> Use Land Better – If your property isn’t being used to its full potential, you may be able to add apartments or mixed-use development above or next to your store — without tearing it down. </span> </li> <li> <span> New Revenue Streams – Add more value by building qualifying housing that attracts tax credit equity. </span> </li> <li> <span> Unlock Untapped Value – Make money from unused land, upper floors, or air space — and still keep your retail business going. </span> </li> <li> <span> Drive Higher Returns – Use Affordable Housing Incentives and Mixed-Use Development Tax Credits to get investors excited — while keeping control long-term. </span> </li> <li> <span> Reposition Land at Less Than Highest &amp; Best Use – If your land isn’t being used wisely today, these new tools can help you improve it and make more money. </span> </li> <li> <span> Boost Asset Value – Retail properties with Workforce Housing Investment plans often become more valuable in today’s market. </span> </li> </ul> <p> <span> <br/> Why It Matters Now </span> </p> <ul> <li> <span> 30% LIHTC Allocation Increase Nationwide — More credits mean more investor interest and capital. ¹ </span> </li> <li> <span> Permanent Expansion — No end date: this benefit is staying for good. ¹ </span> </li> <li> <span> HUD Projection — Over 130,000+ new affordable homes every year thanks to this change. ² </span> </li> </ul> <p> <span> <br/> Now is the ideal moment to convert your land and/or property into apartments or mixed-use. More investors, more funds, and more solid support are all at your disposal now. Others will act quickly, so don't wait. <br/> <br/> Call or DM me for more information — let’s talk about how to make your property work harder for you. <br/> <br/> Could your land or building be used for something much better with LIHTC 2025? </span> </p> <p> <span> <br/> #LowIncomeHousingTaxCreditExpansion <br/> #LIHTC2025 <br/> #AffordableHousingIncentives <br/> #WorkforceHousingInvestment <br/> #MixedUseDevelopmentTaxCredits </span> </p> <p> <span> <span>  </span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <span> Footnotes &amp; Sources </span> </p> <p> <span> <br/> </span> </p> <ol> <li> <a href="https://www.nahb.org/blog/2025/08/opprtunity-zones-one-big-beautiful-bill-act" target="_blank"> H.R. 1 (2025) – Low Income Housing Tax Credit Expansion, Sections 2301–2307 (30% allocation increase and permanent provisions) </a> </li> <li> <a href="https://www.nahb.org/blog/2025/08/opprtunity-zones-one-big-beautiful-bill-act" target="_blank"> HUD Affordable Housing Projections – Estimates fo </a> <a href="https://www.nahb.org/blog/2025/08/opprtunity-zones-one-big-beautiful-bill-act" target="_blank"> r Additional Units from LIHTC Expansion </a> </li> </ol> <p> <span> <br/> </span> </p> <p> <span> <br/> </span> <span> This content is provided for general informational purposes only and does not constitute legal, tax, or financial advice. Landlords, tenants, and property owners should consult with qualified legal counsel or tax professionals to understand how California AB 380 and related regulations apply to their specific situation. No attorney-client or fiduciary relationship is created by this communication. </span> </p> <p> <span> <br/> <br/> </span> </p> <p> <span> <br/> </span> <span> © 2025 Marc Perlof Group. All rights reserved. </span> <span> <br/> </span> <span> <br/> </span> </p> </div> Mon, 01 Sep 2025 06:51:37 GMT https://www.marcperlof.com/is-your-retail-property-underperforming-unlock-hidden-land-value-before-it-s-too-late thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapc4c6daee <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/intro-1744806237.jpg" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Raising Cane’s chicken restaurant will open on the Promenade </strong> </p> <p> <span> <br/> </span> </p> <p> <span> 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. </span> </p> <p> <br/> </p> <p> <span> The new restaurant will be part of Raising Cane's broader push across the Golden State, where the company now operates roughly 117 locations — the second-highest state total behind Texas. The chain has been rapidly expanding its California footprint since opening its first West Coast location in Costa Mesa in 2015... </span> </p> <p> <br/> </p> </div> <div data-rss-type="text"> <p> <a href="https://smdp.com/business/raising-canes-chicken-restaurant-will-open-on-the-promenade/?mdstkn=VLk%2FCOtOkQQnr%2BVUAK2Qq3yr96M7qvN75FqLLpsynj%2FM2ZqlT%2FWAOtKsJenNsVOiwPvV9VBtgEC9IPLrc19QWHTKSF2BNfKfMAgbfhHiP7fSHkc48yOapo%2BttYrTCOzrP%2FvWgAD2CwGMfMBEU%2FaNOqg5IJsgQqWe6KM3gQic9p7yOPXQ7e%2FRpNsgOkk%2FRAWf" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/webp.webp" alt="A blurry picture of a clothing store with clothes on display."/> </div> <div data-rss-type="text"> <p> <strong> Fed’s Powell opens door to rate cut, citing job market risks </strong> </p> <p> <span> <br/> </span> </p> <p> <span> JACKSON HOLE, Wyoming — Federal Reserve Chair Jerome Powell hinted Friday that the Fed might cut interest rates soon but added a subtle bit of context: It’s not because President Donald Trump is pressuring him. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> Powell, delivering a closely watched speech at the central bank’s annual conference in Grand Teton National Park, said the U.S. economy faces two competing risks: that inflation could get worse, which would call for more elevated rates, and that the labor market could weaken, which would call for lower rates... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.politico.com/news/2025/08/22/fed-powell-interest-rates-inflation-jobs-economy-trump-00519419" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-08-29+at+2.33.40-PM.png" alt="A car is parked in front of a sign that says 223"/> </div> <div data-rss-type="text"> <p> <strong> Retailer Car Toys plans sale of 35 stores as part of bankruptcy </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Car Toys, an auto parts and accessories retailer, plans to sell most of its store fleet after joining the growing group of chains that are seeking bankruptcy protection. </span> </p> <p> <br/> </p> <p> <span> The 38-year-old Auburn, Washington-based company on Aug. 18 filed for voluntary Chapter 11 and is looking to sell 35 of its 47 brick-and-mortar retail locations. The buyers are "five different parties consisting of highly tenured employees and regional competitors," Car Toys said in a statement. It also plans to close stores, according to court filings... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1491569580/retailer-car-toys-plans-sale-of-35-stores-as-part-of-bankruptcy?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=cap-rates-hit-a-ceiling-cbre-survey-says-the-climb-may-be-over&amp;_bhlid=669313de7cd49ffe31c298217d2b6c7794ea20a2" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-08-29+at+2.36.18-PM.png" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Dillard’s joins list of retailers-turned-landlords with Texas mall purchase </strong> </p> <p> <span> <br/> A Texas mall has sold in a deal to its anchor tenant Dillard’s, along with developer Trademark Property Co., as U.S. retailers buy shopping centers where they have stores to get more control over the places where they sell. </span> </p> <p> <br/> </p> <p> <span> It’s a sign of optimism for brick-and-mortar retail, even as new construction of such space has slowed due to oversupply and rising costs... </span> </p> <p> <span> <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/2030990872/dillards-joins-list-of-retailers-turned-landlords-with-texas-mall-purchase?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p8&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc1NjQwMDAxNn0.XK5pVSDJIbxNH_i9G8KgQsFA2bjWR6z9F3g_f1s1JCE" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-08-29+at+2.39.43-PM.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Immersive Netflix House locations scheduled, marking atypical openings for a studio </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Streaming giant Netflix has set the debut dates for a different type of opening for a studio owner: its new interactive entertainment-and-retail venues near Philadelphia and in Dallas. </span> </p> <p> <br/> </p> <p> <span> The first-ever Netflix House, slated for a former Lord &amp; Taylor store at King of Prussia mall outside Philadelphia, is scheduled to open on Nov. 12. A second one, taking over part of a former Belk store at Galleria Dallas </span> <a href="https://product.costar.com/detail/lookup/415770/summary" target="_blank"> , </a> <span>  is to launch roughly a month later, on Dec. 11, Netflix said Monday... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/310921660/immersive-netflix-house-locations-near-philadelphia-dallas-schedule-openings?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=private-real-estate-may-have-finally-found-its-floor&amp;_bhlid=91f4a0a6071ad89f19f3b440382ef76a2661fc46"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/bishop_ace.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Ace Hardware on track to open 175 new stores by end of 2025 </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Ace Hardware is marching forward with store expansion. </span> </p> <p> <br/> </p> <p> <span> The Illinois-based hardware retail has opened 100 new stores so far this year, and is on pace to open more than 175 new locations by the end of 2025. Over the past five years, Ace has opened more than 930 new stores as it continues to expand its presence nationwide. The chain operates almost 5,200 retail stores in the United States... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2025-08-20?article=ace-hardware-track-open-175-new-stores-end-2025" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/white_castle_the_colony_texas.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> White Castle to open first Texas restaurant next year </strong> </p> <p> <span> <br/> </span> </p> <p> <span> A pioneering quick-serve chain is planning to open its first location in the Lone Star State. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> White Castle will debut in Texas in the summer of 2026 with a location at the Grandscape dining and entertainment complex in The Colony, a northern suburb of Dallas. The chain says the new restaurant is anticipated to create 80 to 100 jobs. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2025-08-22?article=white-castle-open-first-texas-restaurant-next-year" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_1352914586_0.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Abercrombie &amp; Fitch posts strong quarter fueled by Hollister; raises outlook </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Abercrombie &amp; Fitch Co. reported a better-than-expected second quarter as another strong performance by its Hollister brand helped compensate for declining sales at its namesake division... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/abercrombie-fitch-posts-strong-quarter-fueled-hollister-raises-outlook?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGcjx201gOKE_BrSIt-BT9FiKXWf3ef27bN6sMwcJJstnsVQ7CIlBfiTuU7TwBVGH_vvZnNp8rSFIkp62Gw1Y5V_jjHIipsQ9W3Zm3xZ4F6x0-C" target="_blank"> Read Full Article... </a> </p> </div> Fri, 29 Aug 2025 18:40:48 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapc4c6daee thumbnail main image https://www.marcperlof.com/new-opportunity-zones-2025-the-10-year-tax-break-cre-investors-cant-afford-to-miss <div data-rss-type="text"> <p> <span> Hey, Retail Real Estate Rockstars! <br/> <br/> 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. On July 1, 2026, new zones will be certified, and on January 1, 2027, they will go into effect, each lasting a full decade. <br/> <br/> Why this matters: With significant tax advantages, retail establishments, dilapidated shopping malls, and even disused strip centers can be converted into apartments, mixed-use buildings, or in-demand community assets. This is your cue if you've been sitting on a fantastic location in an area that is undergoing change. <br/> <br/> What’s in Store for CRE Owners and Developers? </span> </p> <ul> <li> <span> Permanent OZ Program – No more sunset dates. Governors redesignate zones every 10 years, with the first refresh kicking in January 1, 2027 ¹. </span> </li> <li> <span> Stricter Eligibility, More Impact – Only census tracts with ≤70% median family income or ≥20% poverty rates qualify. Contiguous tract designations are gone, focusing capital where it’s needed most ². </span> </li> <li> <span> Rural Advantage – Rural-designated OZ tracts now get a 30% basis step-up (vs. 10% elsewhere) and have the “substantial improvement” threshold reduced from 100% to 50% of the acquisition price. All other OZ tracts still require the full 100% improvement ³. </span> </li> <li> <span> Simplified, Rolling Benefits – Post-2026 investments qualify for a five-year deferral, 10% basis step-up (30% rural), and zero tax on gains after a 10-year hold ⁴. </span> </li> <li> <span> New Zones – The first redesignation happens July 1, 2026; zones go live January 1, 2027. Governors will repeat the process every decade ¹. </span> </li> </ul> <p> <span> <br/> Clarifying the Timing Rules </span> </p> <ul> <li> <span> OZ 2.0 benefits apply to capital gains invested in a Qualified Opportunity Fund (QOF) after Dec 31, 2026. </span> </li> <li> <span> To qualify for the new zones, your QOF investment must occur on or after January 1, 2027. </span> </li> <li> <span> Property acquisition timing matters: eligible OZ property must generally be acquired after the zone’s applicable start date (so, for new 2027 zones, purchases must be after Jan 1, 2027). </span> </li> <li> <span> You must invest eligible capital gains into a QOF within 180 days of realization. </span> </li> </ul> <p> <span> <br/> Why This is Big for Retail-to-Mixed-Use Conversions </span> </p> <ul> <li> <span> Higher &amp; Better Use: Replace obsolete retail with apartments, co-working, or service tenants. </span> </li> <li> <span> Financing Appeal: OZ tax incentives improve your capital stack. </span> </li> <li> <span> Demand Drivers: Many OZ tracts are in urban infill locations with housing shortages and strong rent growth. </span> </li> </ul> <p> <span> Key Insights at a Glance </span> </p> <ul> <li> <span> Governors select new OZs every decade, starting July 2026 ¹. </span> </li> <li> <span> Rural projects enjoy triple the basis step-up of standard OZs and a 50% improvement requirement ³. </span> </li> <li> <span> Eligibility tightened to 70% AMI—raising redevelopment stakes ¹. </span> </li> <li> <span> The 2026 sunset is gone, giving long-term certainty ⁵. </span> </li> </ul> <p> <span> <br/> A Few Powerful Data Points </span> </p> <ul> <li> <span> $100B invested since 2017 through OZs, driving housing + retail redevelopment ⁶. </span> </li> <li> <span> Between 2019 and 2024, OZs supported 313,000 new housing units ⁶. </span> </li> </ul> <p> <span> <br/> What This Means for CRE Investors </span> </p> <ul> <li> <span> If you own retail, mixed-use, or development-ready land in an OZ: </span> </li> <li> <span> Plan multi-phase redevelopments without worrying about program expiration. </span> </li> <li> <span> Consider mixed-income housing above retail for added revenue. </span> </li> <li> <span> Tap into rural OZ super-incentives if you hold outside core metros. </span> </li> <li> <span> Align OZ with 1031 exchanges, LIHTC, municipal incentives for maximum ROI ⁷. </span> </li> </ul> <p> <br/> </p> <p> <span> Commercial real estate is entering a golden decade for tax-incentivized redevelopment. Whether you’re eyeing a retail-to-apartment conversion, upgrading a strip center, or repositioning a mixed-use asset, OZ 2.0 can supercharge your returns. Call or DM me for more information. <br/> <br/> Could your retail property’s highest and best use now be an apartment or mixed-use project that maximizes OZ 2.0’s permanent benefits? <br/> <br/> #CommercialRealEstate #OpportunityZones2025 #OZ2 #MixedUseDevelopment #RetailToResidential </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <span> Footnotes &amp; Sources </span> </p> <p> <br/> </p> <ol> <li> <a href="https://www.nahb.org/blog/2025/08/opprtunity-zones-one-big-beautiful-bill-act" target="_blank"> NAHB – “Opportunity Zones in the One Big Beautiful Bill Act” </a> </li> <li> <a href="https://localinfrastructure.org/resources/guide-to-the-new-opportunity-zones-a-primer-for-cities/" target="_blank"> Local Infrastructure Hub – “Guide to the New Opportunity Zones” </a> </li> <li> <a href="https://www.iedconline.org/news/2025/08/13/community-updates/opportunity-zone-program-overhaul-made-permanent-in-the-one-big-beautiful-bill-act/" target="_blank"> International Economic Development Council – “OZ Program Overhaul” </a> </li> <li> <a href="https://www.barrons.com/articles/capital-gains-tax-break-opportunity-zones-investors-5027d294" target="_blank"> Barron’s – “Capital Gains Tax Break in Opportunity Zones” </a> </li> <li> <a href="https://www.seyfarth.com/news-insights/7-key-changes-to-the-qualified-opportunity-zone-incentive-under-the-one-big-beautiful-bill-act.html" target="_blank"> Seyfarth Shaw – “7 Key Changes to the QOZ Incentive” </a> </li> <li> <a href="https://www.barrons.com/articles/capital-gains-tax-break-opportunity-zones-investors-5027d294" target="_blank"> Barron’s – “Capital Gains Tax Break in Opportunity Zones” </a> </li> <li> <a href="https://www.kiplinger.com/real-estate/real-estate-investing/opportunity-zones-changes-in-the-big-beautiful-bill" target="_blank"> Kiplinger – “Opportunity Zones Changes in the Big Beautiful Bill” </a> <span>  and  </span> <a href="https://rsmus.com/insights/services/business-tax/obbba-tax-opportunity-zones.html" target="_blank"> RSM US – “OBBBA Tax Opportunity Zones” </a> </li> </ol> <p> <br/> </p> <p> <span> <br/> </span> <span> This content is provided for general informational purposes only and does not constitute legal, tax, or financial advice. Landlords, tenants, and property owners should consult with qualified legal counsel or tax professionals to understand how California AB 380 and related regulations apply to their specific situation. No attorney-client or fiduciary relationship is created by this communication. </span> </p> <p> <span> <br/> <br/> </span> </p> <p> <span> <br/> </span> <span> © 2025 Marc Perlof Group. All rights reserved. </span> <span> <br/> </span> <span> <br/> </span> </p> </div> Tue, 26 Aug 2025 14:49:15 GMT https://www.marcperlof.com/new-opportunity-zones-2025-the-10-year-tax-break-cre-investors-cant-afford-to-miss thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapf3a62341 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download-c2a2e2e7.jpeg" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Downtown Zoning Changes Made Permanent </strong> <span> <br/> <br/> </span> </p> <p> <span> August 14, 2025 -- 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. </span> </p> <p> <br/> </p> <p> <span> The measures streamline alcohol permits for new non-restaurant uses and reduce operating restrictions to allow restaurants that offer entertainment to include dancing, more television screens and pub crawls... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2025/August-2025/08_14_2025_Downtown_Zoning_Changes_Made_Permanent.html" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download-dc18e1d5.webp" alt="A blurry picture of a clothing store with clothes on display."/> </div> <div data-rss-type="text"> <p> <strong> U.S. producer prices surge in July as Trump tariffs push costs higher </strong> </p> <p> <span> <br/> </span> </p> <p> <span> WASHINGTON (AP) — U.S. wholesale inflation surged unexpectedly last month, signaling that President Donald Trump’s sweeping taxes on imports are pushing costs up and that higher prices for consumers may be on the way. </span> </p> <p> <span> <br/> </span> </p> <p> <span> The Labor Department reported Thursday that its producer price index — which measures inflation before it hits consumers— rose 0.9% last month from June, biggest jump in more than three years. Compared with a year earlier, wholesale prices rose 3.3%. </span> </p> <p> <br/> </p> <p> <span> The numbers were much higher than economists had expected... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://apnews.com/article/producer-prices-inflation-trump-tariffs-economy-0f6613cc6f9e1b76939fdcf2c9ad8d03" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/burlington_storefront_image_1-e34ccacb.jpg" alt="A car is parked in front of a sign that says 223"/> </div> <div data-rss-type="text"> <p> <strong> Burlington to update most stores to reimagined shopping experience by end of 2026 </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Burlington Stores is continuing the rollout of its refreshed in-store shopping experience. </span> </p> <p> <br/> </p> <p> <span> The off-price retailer’s new store format is designed to enhance the customer experience, offering Burlington’s product assortment in a more streamlined, easy-to-shop space. It features “thoughtfully organized” aisles, an open layout that makes it quicker and easier to find brands, and bold signage that showcases the latest must-have trends... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/burlington-update-most-stores-reimagined-shopping-experience-end-2026?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_Weekend&amp;mkt_tok=ODI1LUxTUC01NDUAAAGcUZ8RFjZxN3lAehICb_8SJpP-COxAltka38OFWe7jNR20-Vy_xaDxfBxPBfXRybtkSVV1g0dYLulD_fnakH-CfrW7VjpEbVwCzALN1BgHqnkk" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/bojangles.jpg" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Bojangles plans NYC return with 20 locations </strong> </p> <p> <span> <br/> After roughly four decades, Bojangles is slated to make its return to the Big Apple. </span> </p> <p> <span> <br/> </span> </p> <p> <span> The quick-serve chain, known for Southern-style fried chicken and biscuits, has announced the signing of a 20-unit agreement in New York City with Habib Hashimi and Hashimi Holding Corporation. </span> </p> <p> <br/> </p> <p> The  <span> Bojangles </span>  locations will open across New York City over the next 10 years, with the first location planned for this winter in Brooklyn. Construction is currently underway in the borough's East Flatbush neighborhood... <span> <span>  </span> <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/bojangles-plans-nyc-return-20-locations?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGcW5vA9KmzVybIk1BfTiJ57p_Clbi08MleBni0KouQ4M8CRjxdtohh78RV_P2aEMb9B84r4FYdWJz9izsFGMj6pH8T9jkbqhNBfJxjTgOmQk7G" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/home_depot.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Home Depot misses earnings and revenue; will open 13 stores in 2025 </strong> </p> <p> <span> <br/> </span> </p> <p> <span> The Home Depot Inc. reported profit and sales growth that came in below Wall Street expectations but reaffirmed full-year guidance and is opening new stores. </span> </p> <p> <br/> </p> <p> <span> The home improvement giant reported net earnings of $4.6 billion, or $4.58 per diluted share, for the quarter ended Aug. 3, with adjusted earnings of $4.68 per share, basically even with net earnings of $4.6 billion, or $4.60 per share and $4.67 per adjusted share, in the same period of fiscal 2024.  </span> </p> <p> <br/> </p> <p> <span> Sales rose 4.9% year-over-year to $45.28 billion from $43.2 billion... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/home-depot-misses-earnings-and-revenue-will-open-13-stores-2025?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGcaw5LzAJNDtoejpTgoiVPxOlQrmVdS3aUGNIf1faIx4UyUfWsH8Z6OdOtigY-dnGx0ISBnALFKUPLudItour6coiQqlpfLC85wzajyE96yLtN" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/bed_bath_beyond_gettyimages-1231942027_0_0.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Bed Bath &amp; Beyond will not open stores in this state </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Bed Bath &amp; Beyond is launching a brick-and-mortar comeback, but is skipping the nation’s most populated state. </span> </p> <p> <br/> </p> <p> <span> Beyond Inc., parent of Bed Bath &amp; Beyond, issued a statement from executive chairman Marcus Lemonis explaining the company’s decision to not open or operate stores in California, although online delivery will be available there.  </span> </p> <p> <br/> </p> <p> <span> "This decision isn’t about politics — it’s about reality," Lemonis said in the statement. "California has created one of the most overregulated, expensive, and risky environments for businesses in America. It’s a system that makes it harder to employ people, harder to keep doors open, and harder to deliver value to customers..." </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2025-08-20?article=bed-bath-beyond-will-not-open-stores-state" target="_blank"> Read Full Article... </a> </p> </div> Fri, 22 Aug 2025 12:10:58 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapf3a62341 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapf6e5e164 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/store-with-word-e-e-s-it-scaled.webp" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Net Lease Sales Decline In 2025 Amid Weak Market </strong> </p> <p> <span> <br/> </span> </p> <p> <span> 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. This suggests the market could post its softest annual total since before the pandemic. That outcome is likely if activity doesn’t rebound... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/net-lease-sales-decline-in-2025-amid-weak-market/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=big-tech-s-housing-promises-meet-california-red-tape&amp;_bhlid=d52ac6c152af580feeb1b84b8fc9fee7c4306b25" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-08-15+at+10.22.53-AM.png" alt="A blurry picture of a clothing store with clothes on display."/> </div> <div data-rss-type="text"> <p> <strong> US prices continued rise in July as Trump tariffs impact consumer costs </strong> </p> <p> <span> <br/> </span> </p> <p> <span> US prices continued to rise in July, according to key economic data released on Tuesday, as Donald Trump’s international tariffs shakeup started to impact consumer costs. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> Prices were 2.7% higher last month compared with a year ago, according to the consumer price index (CPI), which measures the prices of a basket of goods and services. Though inflation dipped down in the spring, the annualized inflation rate jumped up 0.4% since April... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.theguardian.com/business/2025/aug/12/inflation-cpi-trump-tariffs" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/The_entrance_of_a_Costco.webp" alt="A car is parked in front of a sign that says 223"/> </div> <div data-rss-type="text"> <p> <strong> Costco hits over $20B in net sales for July </strong> <span> <br/> <br/> </span> </p> <p> <span> Costco reported net sales of $20.89 billion for the month of July, the warehouse retailer announced on Wednesday. </span> </p> <p> <br/> </p> <p> <span> This figure represents an 8.5% year-over-year increase. For the first 48 weeks of the fiscal year, net sales have risen 8.1% to $248.35 billion. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> Comparable sales, excluding the effects of changes in gasoline prices and foreign exchange rates, rose 6.5% in the U.S. compared to July 2024... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/finance/costco-hits-over-20b-in-net-sales-for-july?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_08082025&amp;utm_campaign=66686&amp;utm_medium=email&amp;elq2=f22d4038ace546eb8b2140a900b55850&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/BBW-inc-08.2025-campusbookstore.webp" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Bath &amp; Body Works targets Gen Z as it enters 600 college campuses </strong> </p> <p> <span> <br/> By investing in college campuses, Bath &amp; Body Works is banking on capturing more Gen Z consumers. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The demographic already ranks Bath &amp; Body Works’ products highly on third-party surveys. A recent Piper Sandler report on teen shopping preferences found Bath &amp; Body Works was the favorite fragrance brand and third most liked beauty destination, its first top 10 finish in that category since 2018. Close to 6,500 teens with an average age of 16.2 were surveyed... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.retaildive.com/news/bath-body-works-opens-hundreds-college-campus-stores-gen-z/757180/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=lending-momentum-jumps-45-yoy-despite-spring-slowdown&amp;_bhlid=049bc69bbb1d8360e439aca953977fbff2c80114" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/298e882e85b6913ef09f.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Von Maur, Golf Galaxy, Buc-ees’s among America’s ‘best’ retailers </strong> </p> <p> <br/> </p> <p> <span> Century-old regional department store company Von Maur and convenience store chain Buc-ee's, famous for its massive stores and devoted following, are among the 10 best retailers in America. <br/> <br/> That’s according to Newsweek, which partnered with Statista to release its "America's Best Retailers 2025" report. The third-annual rankings were identified from the results of an independent survey of participants who have either made purchases, used services or gathered information about products or services in the past three years... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/von-maur-golf-galaxy-buc-eess-among-americas-best-retailers?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_Weekend&amp;mkt_tok=ODI1LUxTUC01NDUAAAGcLZMpFZfRwmDG7MgV_KoYBiO9_y9KJj5N0OKMQzaYwCP8WHU1IKxPitOpGEzNCOPEeQNHR3WCXFa3tNKgk3UaZrlVdJwZwIiis6TB2dEkLE5s" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/under_armour-ext_0.jpeg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Under Armour cuts Q1 loss but sales fall; expects about $100M in costs due to tariffs </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Under Armour continued to struggle in its first quarter as sales tumbled across regions. The company gave a downbear outlook, and warned that tariffs will cut into its profitability. </span> </p> <p> <span> On the earnings call, CEO Kevin Plank addressed the incremental tariffs announced on July 31 and the “increased pressure” the company is facing this year... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/under-armour-cuts-q1-loss-sales-fall-expects-about-100m-costs-due-tariffs?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGcN5ANEbUGXMa_obRTsRJT9gX4CQePard9n6nsj8Cc_yo1jf_Q2LtfqS1AlkmyB-tUx7-K4KN9Hz6gzfvSmGuKRwrYOTP73IhalO_f1RJ0WuaL" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/_tpr0530.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> First Look: Crocs goes experiential with new ‘Icon’ store concept </strong> <span> <br/> <br/> </span> </p> <p> <span> Crocs has unveiled a new store concept that features immersive storytelling and its largest personalization experience to date. </span> </p> <p> <span> Located in Manhattan’s SoHo neighborhood, the 4,000-sq.-ft. outpost spans an entire city block. It offers the complete core Crocs shoe line and accessories such as bags, backpacks and keychains, along with a dedicated assortment of elevated Crocs EXP products... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/first-look-crocs-goes-experiential-new-icon-store-concept?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGcQd55homsBXN6rk2RNSEglh8YNNbyx3DY8zt85-8-oRx1GXfED8ANTR68JVza63s1wzmTU95Rr68_Pot-O_WvAWwUOXrgR2q4jPWSKadZL0CE" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/burlington_storefront_image_1.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Burlington to update most stores to reimagined shopping experience by end of 2026 </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Burlington Stores is continuing the rollout of its refreshed in-store shopping experience. </span> </p> <p> <span> The off-price retailer’s new store format is designed to enhance the customer experience, offering Burlington’s product assortment in a more streamlined, easy-to-shop space. It features “thoughtfully organized” aisles, an open layout that makes it quicker and easier to find brands, and bold signage that showcases the latest must-have trends... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/burlington-update-most-stores-reimagined-shopping-experience-end-2026?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGcRwS1dSGnYk-871rP1G7xOnvE4hIfdVm1rEN8MJjbUy8gR-14ZlNKPnV3da8hflFE9d8Nk2eq5aPFTuHzINiz_kJI3jhGq3YBXf_-gf_r2lyY" target="_blank"> Read Full Article... </a> </p> </div> Fri, 15 Aug 2025 14:38:37 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapf6e5e164 thumbnail main image https://www.marcperlof.com/100-bonus-depreciation-is-now-permanentheres-how-retail-cre-owners-can-cash-in <div data-rss-type="text"> <p> <span> Hey Retail Real Estate Rockstars! <br/> <br/> Big news--The One Big Beautiful Law, HR 1 (2025), recently made 100% Bonus Depreciation permanent. No expiration date. No phase-out. Retail property owners can deduct the full cost of qualified renovations in the year they are installed, beginning with assets put into operation after January 1, 2025¹. </span> </p> <p> <span>   </span> </p> <p> <span> This tax adjustment can immediately put more money in your pocket in the current retail market, when buildout costs are rising, tenants have higher expectations, and filling space quickly is crucial. It enables you to: </span> </p> <ul> <li> <span> <span> Write off </span> </span> <span> Qualified Improvement Property </span> <span> <span> (“QIP”) like tenant build-outs, storefront façades, HVAC, lighting, security, signage, and parking upgrades _immediately_². </span> </span> </li> <li> <span> Combine it with Section 179 for even bigger tax savings². </span> </li> <li> <span> Plan projects over the long term without worrying about losing this benefit later¹. </span> </li> </ul> <p> <span>   </span> </p> <p> <span> For example, in order to draw in national tenants, you invest $500,000 on a new façade, improved lighting, and HVAC upgrades for your retail property. Previously, the tax write-off had to be stretched out over a number of years. You can now deduct the entire amount in 2025, which could immediately result in federal tax savings of at least $125,000 (assuming a 25% tax rate).³ You may use that money for additional renovations, debt repayment, or leasing incentives. </span> </p> <p> <span>   </span> </p> <p> <span> In addition to being a tax benefit, permanent 100% bonus depreciation allows you to move more quickly, make improvements to your retail property, and outperform the competition. </span> </p> <p> <span>   </span> </p> <p> <span> Now is the ideal moment to incorporate this into your plan if you intend to purchase, renovate, or relocate a retail property. </span> </p> <p> <span>   </span> </p> <p> <span> How will you use this new tax advantage to grow your retail real estate portfolio in 2025 and beyond? </span> </p> <p> <span>   </span> </p> <p> <span> Want to find out if your next renovation qualifies? </span> </p> <p> <br/> </p> <p> <span> I help retail property owners apply these strategies to real deals. </span> </p> <p> <br/> </p> <p> <span> <span>  </span> Call or DM me for more information. </span> </p> <p> <span>   </span> </p> <p> <span> #100PercentBonusDepreciation #HR12025 #RetailRealEstate #CREInvestment </span> </p> <p> <span> #TaxStrategy <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <span> Footnotes &amp; Sources </span> </p> <p> <br/> </p> <ol> <li> <a href="https://www.congress.gov/bill/119th-congress/house-bill/1/text" target="_blank"> H.R. 1 2025 – Section 70301: Bonus Depreciation Permanent </a> </li> <li> <a href="https://www.irs.gov/publications/p946"> IRS Publication 946 – How to Depreciate Property </a> </li> <li> <a href="https://www.kbkg.com/feature/obbb-tax-bill-makes-100-bonus-depreciation-permanent-what-you-need-to-know" target="_blank"> KBKG – OBBB Tax Law Makes 100% Bonus Depreciation Permanent </a> </li> </ol> <p> <span> <br/> </span> <span> This content is provided for general informational purposes only and does not constitute legal, tax, or financial advice. Landlords, tenants, and property owners should consult with qualified legal counsel or tax professionals to understand how California AB 380 and related regulations apply to their specific situation. No attorney-client or fiduciary relationship is created by this communication. </span> </p> <p> <span> <br/> <br/> </span> </p> <p> <span> <br/> </span> <span> © 2025 Marc Perlof Group. All rights reserved. </span> <span> <br/> </span> <span> <br/> </span> </p> </div> Mon, 11 Aug 2025 15:53:43 GMT https://www.marcperlof.com/100-bonus-depreciation-is-now-permanentheres-how-retail-cre-owners-can-cash-in thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapfba8d527 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-08-08+at+10.39.16-AM.png" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Despite Trump, the US economy remains surprisingly resilient. But for how long? </strong> </p> <p> <span> <br/> </span> </p> <p> <span> 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. <br/> <br/> Back in April after his “Liberation Day” tariff announcement, the talk was of the president crashing the global economy... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.theguardian.com/us-news/2025/aug/03/despite-trump-the-us-economy-remains-surprisingly-resilient-but-for-how-long" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/wp-17476828818621153530675744385527-e1747682982555-777x564.jpg" alt="A blurry picture of a clothing store with clothes on display."/> </div> <div data-rss-type="text"> <p> <strong> Downtown Activist Group Vows to 'Dismantle' DTSM </strong> </p> <p> <span> <br/> </span> </p> <p> <span> A group of Downtown property owners has vowed to fight back after the City Council Tuesday evening ousted the six Council-appointed members of the board that runs the central business district. </span> </p> <p> <span> The Santa Monica Coalition, an activist group of property owners, is drumming up support to dismantle Downtown Santa Monica Inc. by dissolving the area's Property-Based Assessment District (PBAD), according to the group's leader, John Alle... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2025/July-2025/07_31_2025_Downtown_Activist_Group_Vows_to_Dismantle_DTSM.html" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download-1d9244cc.webp" alt="A car is parked in front of a sign that says 223"/> </div> <div data-rss-type="text"> <p> <strong> It’s Trump’s economy now. The latest financial numbers offer some warning signs </strong> <span> <br/> <br/> </span> </p> <p> <span> WASHINGTON (AP) — For all of President Donald Trump’s promises of an economic “golden age,” a spate of weak indicators this week told a potentially worrisome story as the impacts of his policies are coming into focus. </span> </p> <p> <span> Job gains are dwindling. Inflation is ticking upward. Growth has slowed compared with last year... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://apnews.com/article/trump-economy-warning-signs-financial-numbers-6f9754dbb6b21c9ef5c557b1ebfe6ce9" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/welcoming-building-with-landscaped-surroundings-scaled.webp" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Veterinary Real Estate Surges As Clinics Replace Retail Closures </strong> </p> <p> <span> <br/> </span> <strong> Pets Replace People — And Drive Real Estate Demand </strong> </p> <p> <span> As traditional retail tenants exit suburban buildings and industrial parks, veterinary care providers are moving in. They’re no longer just converting homes into clinics, reports Bisnow. The newest wave of animal care centers resembles human hospitals, a reflection of evolving consumer expectations... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/veterinary-real-estate-surges-as-clinics-replace-retail-closures/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=dfw-leads-89-jump-as-cre-deals-top-182b&amp;_bhlid=ed54e4485100f92c891fe9514cdbb58e540e2ba6" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/McDonaldsburger.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> The 2025 QSR 50: Fast Food’s Leading Annual Report </strong> <span> <br/> <br/> Each year, the QSR 50 provides a data-driven ranking of the largest quick-service restaurant chains in the U.S., offering insight into the strategies shaping the fast-food industry. </span> </p> <p> <span> The latest edition reveals a sector defined by resilience, innovation, and shifting consumer expectations. Brands responded to macroeconomic pressures with renewed focus on value, using meal deals, digital promotions, and loyalty programs to retain price-sensitive guests... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/the-2025-qsr-50-fast-foods-leading-annual-report/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/wayfair_denver_rendering.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Wayfair to bring large-format store concept to Denver </strong> <span> <br/> <br/> </span> </p> <p> <span> Wayfair Inc. continues to expand its biggest brand in brick-and-mortar.  </span> </p> <p> <span> The online home furnishings giant will open its next large-format retail location at The Shops at Northfield in Denver, in late 2026. Spanning two floors, the approximately 140,000-sq.-ft. store will showcase Wayfair's vast assortment, including "Verified" items, a program that spotlights the brand's “most-trusted” products... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/wayfair-bring-large-format-store-concept-denver?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGcBBWq2IMGk3D98DZLZdbmI6X_JnvampKHT_AQF4jOLD9INgIOZpsmjfj1GSExGZ8coXNL8glj8aUUkBwGs41oMwlh68fFxqb9KUDwUxd63kla" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_316561052.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Starbucks pilots ‘coffee house of the future,’ to phase out pickup-only stores </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Starbucks Corp. is investing in improving its brick-and-mortar experience as part of its turnaround strategy under CEO Brian Niccol. </span> </p> <p> <span> The coffee giant plans to sunset its mobile order and pickup only concept in fiscal 2026, Niccol told analysts Tuesday on the company’s earnings call. The format was launched in New York City in 2019. It has since grown to approximately 90 locations nationwide... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/starbucks-pilots-coffee-house-future-phase-out-pickup-only-stores?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_Weekend&amp;mkt_tok=ODI1LUxTUC01NDUAAAGcCYYdUUZk9-JoA2_3yZQJ_4O3SvC2ClFIyDhl6obL_tabHscH7zLX_prywMZ-ceLwmNI19BSuQyTYLorq8ZNguCOdVIBNXau1-LXbJ0vEdE7m" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_1507518923.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Bed Bath &amp; Beyond Home reveals opening date, location; will accept old coupons </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Bed Bath &amp; Beyond is making its brick-and-mortar return with a new format and one of its most iconic features. </span> </p> <p> <span> The Brand House Collective, formerly Kirkland's Inc., said that it will celebrate the grand opening of its first Bed Bath &amp; Beyond Home location on Aug. 8, in Nashville. The store opening is the first for the company under its new name, The Brand House Collective, following its approval by shareholders at the annual meeting held on July 24... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/bed-bath-beyond-home-reveals-opening-date-location-will-accept-old-coupons?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_Weekend&amp;mkt_tok=ODI1LUxTUC01NDUAAAGcCYYdUZnq0j_jwER4a85Ea6rc0sGWnOlCRNuSB94dkHnfyYCHlUzQHoQFrLrkAut2uhBDs-kNTNCZMqP5pJyzJfl7Gli7dQ37I3lQc0oRbxO-" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/at_home_storefront_2.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> At Home store closures accelerate </strong> </p> <p> <strong> <span>  </span> </strong> </p> <p> <span> The latest At Home brick-and-mortar closings add to the previously announced liquidations in June spanning 12 states. The home furniture and decor company operated about 260 stores across 40 states when it filed for bankruptcy.  </span> </p> <p> <span> For the latest closures, all sales are final on goods purchased on or after Friday. At Home gift cards, certificates, loyalty and credit card rewards will be accepted through Aug. 14 at the closing stores... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.retaildive.com/news/at-home-bankruptcy-store-closures-accelerate/756575/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Newsletter%20Weekly%20Roundup:%20Retail%20Dive:%20Daily%20Dive%2008-02-2025&amp;utm_term=Retail%20Dive%20Weekender" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/shopping_center.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Store Expansion News: July update </strong> </p> <p> <br/> </p> <p> <br/> </p> <p> <span> Retailers and restaurants alike made headlines in July with store expansions and new formats.  </span> </p> <p> <span> Here are the major stories as reported by Chain Store Age, starting with the most recent. </span> </p> <ul> <li> <strong> Wayfair to bring large-format store concept to Denver </strong> <span>  The online home furnishings giant will open its next large-format retail location at The Shops at Northfield in Denver, in late 2026... </span> </li> </ul> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/store-expansion-news-july-update-0?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGcHdIB6gXI3PmM4rFLlAxJ99Yl6M-0zS3rbf1aJPss6cORk2X-BkRLp6SUS7vunuAXnBJvrAsoFX9xfvDOW6cHANXKjdEZZzonb3IV3HeMz2na" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/7-eleven-5055bd82.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> 7-Eleven to open 1,300 stores in North America </strong> <span> <br/> <br/> </span> </p> <p> <span> Seven &amp; i Holdings Co. Ltd. has launched what it calls the “transformation of 7-Eleven,” and it includes investments in stores and expansion. </span> </p> <p> <span> <br/> </span> </p> <p> <span> The Japanese retail giant is embarking on the strategy following the failed takeover attempt by Canadian retailer Alimentation Couche-Tard Inc. In July, Couche-Tard, whose banners include Circle K, withdrew its $46 billion proposal to acquire Seven &amp; i Holdings Co., citing a “lack of constructive engagement” by the Japanese company... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2025-08-06?article=7-eleven-open-1300-stores-north-america" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/claires.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Claire’s files for bankruptcy; closing 18 stores — here's where </strong> <span> <br/> <br/> </span> </p> <p> <span> Claire’s Holdings has filed for bankruptcy protection for the second time in seven years. </span> </p> <p> <span> The mall-based tween and teen accessories retailer, which operates stores under the Claire’s and Icing banners, said it filed for Chapter 11 protection “to maximize the value of its business.” The company also plans to start insolvency proceedings in Canada that would allow it to restructure... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/claires-files-bankruptcy-closing-18-stores-heres-where?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGcIvmbvuErbDhqbUIsbddUgpkjFmb7amvEOv3ohkHbihAmpm4I7haezvEWBI3FFjKYRb8Hdy_wSSxyoSb-lunr_uluMQ1L6QQi_b_t8mOPolpx" target="_blank"> Read Full Article... </a> </p> </div> Fri, 08 Aug 2025 15:13:26 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapfba8d527 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapf635ad20 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-08-01+at+7.27.50-AM.png" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Aldi, Trader Joe’s, and Lidl: Grocery's Power Trio </strong> </p> <p> <span> <br/> </span> </p> <p> <span> The grocery segment has never been more competitive, and Aldi, Trader Joe’s, and Lidl have consistently emerged as top players. The three chains share similarities: all offer a limited assortment of groceries and tend to operate at lower price points – however, each one is carving out its own distinct path to growth... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.placer.ai/anchor/articles/aldi-trader-joes-and-lidl-grocerys-power-trio?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=dfw-defies-industrial-slowdown-with-spec-strategy-shift&amp;_bhlid=9aa61296da42236285f829adbcbc288a831f679a" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/tractor-supply_0-775b6648.jpg" alt="A blurry picture of a clothing store with clothes on display."/> </div> <div data-rss-type="text"> <p> <strong> Tractor Supply sales rise 4.5%; maintains outlook despite ‘external pressures’ </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Tractor Supply reported a solid second quarter and sounded a confident note about its prospects for the rest of the year. </span> </p> <p> <span> The nation’s largest rural lifestyle retailer is also ramping up its store expansion, with plans to open 100 new locations in 2026...ertainty seems to be the dominant theme, among consumers and retailers alike... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/tractor-supply-sales-rise-45-maintains-outlook-despite-external-pressures?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGb4AL1BEFJn1xQUAYPuC-7rmO3y5hDKeW88WMNbWKhCEgGnP62ORfuYNsoossDXDclqelEqFz00lhRI5_-5CES8ujndFcaXMhxMjhDuJ5UpePG"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/trader_joes.jpg" alt="A car is parked in front of a sign that says 223"/> </div> <div data-rss-type="text"> <p> <strong> Trader Joe’s has 25-plus stores ‘opening soon’ — here are all the locations </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Trader Joe’s continues to expand its retail footprint across the United States. </span> </p> <p> <span> The popular grocer, which operates in 43 states and the District of Columbia, keeps a running list on its website of its upcoming locations, with the list updated on a regular basis. Recent Trader Joe’s openings include Northridge Calif., Sherman Oaks, Calif. and Westminister, Colo... <br/> <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2025-07-24?article=trader-joes-has-25-plus-stores-opening-soon-here-are-all-locations" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/perigold_houston_6-17-250668.jpg" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Mid-Year Recap: Retailers continue to expand despite challenges </strong> </p> <p> <span> <br/> From C-suite shakeups and bankruptcies to sticky inflation, tariff threats and anxious consumers, it’s been a challenging year so far for the retail industry. Uncertainty seems to be the dominant theme, among consumers and retailers alike... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/mid-year-recap-retailers-continue-expand-despite-challenges?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_Weekend&amp;mkt_tok=ODI1LUxTUC01NDUAAAGb5XmbZ-5AUlOF_svnuTJmvA9eySSW0PazyMCRG3vXp2FtoUp-Nv4qK8AEa4qRvt1YmKK1TevhKarSC19piKrQ0jjZ_80gYRGKk1amLwLHzkgJ" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/unnamed_42.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Barnes &amp; Noble opens three new stores — here’s where </strong> </p> <p> <span> <br/> Barnes &amp; Noble is furthering its expansion as the brick-and-mortar bookstore resurgence continues. </span> </p> <p> <span> Open-air shopping center owner and developer Big V Property Group has announced the opening of three new Barnes &amp; Noble stores at properties in Texas and South Carolina. All of the new locations — at Alamo Ranch in San Antonio and Southpark Meadows in Austin, and The Shoppes at Woodhill in Columbia, S.C. — were previously home to other retailers and were reconceived and remodeled to accommodate the retailer’s new, smaller format... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/barnes-noble-opens-three-new-stores-heres-where?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_Weekend&amp;mkt_tok=ODI1LUxTUC01NDUAAAGb5XmbZ-26bjmVinEvuGyAnE48yMcASQ6ZzrLPlv2rQVDfws1dh30c5aGmbNKHQe77x_cQui5byXw0LJmkJHGs9jXcOljag53AfIBW5HgE7srC" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/lowes.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Lowe's continues Sunbelt expansion </strong> <span> <br/> <br/> </span> </p> <p> <span> Lowe’s is gearing up to open its fifth new store in 2025 as it expands its presence in the fast-growing Sunbelt region. </span> </p> <p> <span> The home improvement giant will open a new location in Maricopa, Ariz. on July 25. The new Lowe’s store will feature approximately 94,000 sq. ft. of retail space, plus approximately 30,000 sq. ft. of outdoor garden space.  </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2025-07-24?article=lowes-continues-sunbelt-expansion" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/shipley_do-nuts-aa79c2b9.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Shipley Donuts to open 40-plus new locations by end of 2025 </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Shipley Donuts is touting its store expansion efforts as well as sales growth. </span> </p> <p> <span> The Houston-based donut chain, known for handmade fresh daily donuts and kolaches, marked its 18th consecutive quarter of positive sales growth in the second quarter of 2025, while expanding into two new states and opening 16 new locations throughout the first half of the year... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.google.com/url?q=https://chainstoreage.com/news-briefs/2025-07-25?article%3Dshipley-donuts-open-40-plus-new-locations-end-2025&amp;source=gmail&amp;ust=1754133278997000&amp;usg=AOvVaw31Tclwh4I9PheeamZyJXHD" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/martha_stewart_dubai_1.png" alt=""/> </div> <div data-rss-type="text"> <p> <strong> First Look: Martha Stewart launches first-ever stores </strong> </p> <p> <strong> <span>  </span> </strong> <span> <br/> </span> </p> <p> <span> Add freestanding brick-and-mortar retail to the resume of the legendary Martha Stewart.  </span> </p> <p> <br/> </p> <p> <span> The world’s first Martha Stewart store has opened at City Centre Mirdif in Dubai, followed by a second location at the Dubai Hills Mall. The stores are operated through Marquee Brands, which acquired the Martha Stewart brand of home furnishings and other branded products and media in 2019. As part of the deal, Marquee said Stewart would continue to guide the brand she founded. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/first-look-martha-stewart-launches-first-ever-stores?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGb9Jw34Z3g2qBJdFrp3vpZHRKBYbxaRR7wV8ZJ2S-kl2tBH0O2kUzhXWjJDaHKDDLdSw0OEBHK1iYFZln5xwIfAaomU7W83uzcStc9Q7Qvv8UI" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/jcpenney.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Buyer pays a near-billion dollars for 119 JCPenney stores </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Copper Property CTL, a pass-through trust established to acquire 160 JCPenney stores and six distribution centers as part of the brand’s 2020 Chapter 11 filing, has found a buyer for 119 of them. </span> </p> <p> <br/> </p> <p> <span> Copper Property has made a purchase and sale agreement with an unnamed affiliate of Onyx Partners, a Needham, Mass., investment collaboration firm, to purchase all 119 properties for $947 million in cash... <br/> </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2025-07-29?article=buyer-pays-near-billion-dollars-119-jcpenney-stores" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_2137696491_1.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Consumer confidence inched up in July </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Consumer confidence rebounded slightly in July as Americans felt more optimistic about the future even as they continued to worry that tariffs would lead to higher prices. </span> </p> <p> <span> The Conference Board’s Consumer Confidence Index rose by 2.0 points in July to 97.2 from 95.2 in June. The Present Situation Index — based on consumers’ assessment of current business and labor market conditions — fell 1.5 points to 131.5. The Expectations Index — based on consumers’ short-term outlook for income, business, and labor market conditions — rose 4.5 points to 74.4... </span> </p> <p> <br/> </p> <p> <span> <span>  </span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/consumer-confidence-inched-july?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGb_ut9SmYMBDynwwSslyPY6j6-ldCYmc9dQ1JD9XYMTxnEhmflS5URb1__iqCLvlkcqksBOShRcJ62QlYRWmv_g3KkJfH5kAgLOg2yRMzjQ-8B" target="_blank"> Read Full Article... </a> </p> </div> Fri, 01 Aug 2025 12:12:49 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapf635ad20 thumbnail main image https://www.marcperlof.com/california-ab-380-could-freeze-your-retail-rentssee-the-loopholes-before-its-too-late <div data-rss-type="text"> <p> <span> <span> Hey Retail Real Estate Rockstars! <br/> <br/> Let’s talk about something important that’s happening in California: </span> </span> <strong> AB 380 </strong> <span> . This new law was created because, after wildfires and disasters earlier this year, some landlords raised rents on small business tenants by up to 300%. Places like cafés, stores, and barbershops were hit hard. People got angry. The government stepped in.¹ <br/> <br/> AB 380 is a new rule that may stop landlords from raising rent too much during emergencies. It’s not a normal rent control law, but it does limit how much rent can go up when something like a wildfire or pandemic happens. </span> <strong> <br/> <br/> What’s Happening Now? </strong> <span> <br/> AB 380 already passed the California Assembly. Now it’s going through the State Senate. </span> </p> <ul> <li> <span> On July 8, 2025, the bill passed the Senate Public Safety Committee </span> </li> <li> <span> It’s now being reviewed by the Senate Appropriations Committee² </span> </li> <li> <span> After that, it will need to pass a full Senate floor vote </span> </li> <li> <span> The final vote may happen later this summer </span> </li> </ul> <p> <strong> <br/> What Does AB 380 Do? </strong> <span> <br/> If it becomes law, here’s what it would do: </span> </p> <ul> <li> <span> Stop rent increases over 10% during emergencies, like wildfires or floods¹ </span> </li> <li> <span> Apply to small businesses like cafés, hair salons, stores, and laundromats² </span> </li> <li> <span> Block landlords from raising rent to cover repairs during emergencies² </span> </li> <li> <span> Fine landlords up to $25,000 if they break the rule³ </span> </li> </ul> <p> <strong> <br/> Which Tenants Are Protected? </strong> <span> <br/> AB 380 helps small business tenants during hard times. It applies to: </span> </p> <ul> <li> <span> Local cafés, bakeries, and restaurants </span> </li> <li> <span> Retail shops, like phone stores or clothing boutiques </span> </li> <li> <span> Barbershops, dry cleaners, and gyms </span> </li> <li> <span> Doctors and other offices in retail spaces </span> </li> <li> <span> If they’re in a declared emergency zone, and you're negotiating new leases or renewals, the law caps rent increases at 10%—even if the old lease has expired.² </span> </li> </ul> <p> <strong> <br/> Do Big Chains Get Protection Too? </strong> <span> <br/> Yes, they do. Even if your tenant is a big-name business, like a fast food restaurant, pharmacy, grocery store, or national gym, the rule still applies. That’s because AB 380 covers all commercial tenants, not just small local shops. So if a franchise or national chain signs a lease or gets a rent increase during an emergency, that increase can’t go over 10%. This means landlords have to follow the same rule, whether the tenant is a local business or a major brand.¹ </span> <strong> <br/> <br/> What AB 380 Does Not Do </strong> <span> <br/> Here’s what the law doesn’t do: </span> </p> <ul> <li> <span> It does not create permanent rent control </span> </li> <li> <span> It only limits rent during emergencies </span> </li> <li> <span> After the emergency ends, landlords can raise rent as usual⁴ </span> </li> </ul> <p> <strong> <br/> Already Have a Long Lease? </strong> <span> <br/> If your lease already includes annual rent increases or CPI adjustments, AB 380 won’t affect it. The rule only applies to new leases or changes made during emergencies. So if your tenant signed a 5-year lease with 3% increases, those terms still count. Just make sure any new deals include rent bumps you can depend on. </span> <strong> <br/> <br/> Wait—Does This Mean Year-Round Rent Control? </strong> <span> <br/> No. That’s a common misunderstanding. AB 380 is not permanent rent control. It only kicks in during emergencies declared by the state or city. Once the emergency is over, you can go back to market rent, as long as your lease allows it.¹ ² </span> <strong> <br/> <br/> What the Numbers Say </strong> </p> <ul> <li> <span> Over 5,000 complaints were filed after the 2024 wildfires² </span> </li> <li> <span> Rent overcharges were over $21 million per month in some places⁴ </span> </li> <li> <span> Price gouging complaints rose 52% across California since 2021⁵ </span> </li> </ul> <p> <strong> <br/> A Message for Retail Property Owners </strong> <span> <span> <br/> AB 380 could change how you do business when disaster strikes. But you still have options. The key is knowing the rules, planning ahead, and protecting your income. <br/> If you’re a retail property owner in California, </span> </span> <strong> AB 380 could block you from raising rent above 10% </strong> <span> <span> — even if your lease expires — during any declared emergency. That means you might miss out on thousands in rent increases unless your leases are written the right way. The smart move? Make sure your leases are </span> </span> <strong> crisis-proof </strong> <span>   so you can stay compliant and still protect your income. <br/> <br/> Call or DM me for more information. </span> <strong> <br/> <br/> Think About This… </strong> <span> <br/> If a disaster lasts for months and you can’t raise rent past 10%, how will you protect your cash flow and still stay within the law? <br/> <br/> #CaliforniaAB380 #PriceGouging #CommercialRentControl #RetailRealEstate #SmallBusinessRights </span> </p> <p> <br/> </p> <p> <span> <span>  </span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <span> Footnotes </span> </p> <ol> <li> <a href="https://legiscan.com/CA/text/AB380/id/3172056" target="_blank"> AB 380 Bill Text – California Legislature </a> </li> <li> <a href="https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?sectionNum=396&amp;lawCode=PEN" target="_blank"> California Penal Code § 396 </a> </li> <li> <a href="https://trackbill.com/bill/california-assembly-bill-380-price-gouging-/2644225/" target="_blank"> AB 380 Assembly Bill Analysis </a> </li> <li> <a href="https://www.latimes.com/california/story/2025-03-02/la-wildfire-rent-gouging" target="_blank"> Los Angeles Times – Wildfire Rent Gouging Cases Surge </a> </li> <li> <a href="https://oag.ca.gov/consumers/alerts" target="_blank"> California Attorney General Consumer Complaint Data 2024 </a> <span> <br/> </span> </li> </ol> <p> <span> <br/> </span> </p> <p> <span> This content is provided for general informational purposes only and does not constitute legal, tax, or financial advice. Landlords, tenants, and property owners should consult with qualified legal counsel or tax professionals to understand how California AB 380 and related regulations apply to their specific situation. No attorney-client or fiduciary relationship is created by this communication. </span> </p> <p> <span> <br/> <br/> </span> </p> <p> <span> <br/> </span> <span> © 2025 Marc Perlof Group. All rights reserved. </span> <span> <br/> </span> <span> <br/> </span> </p> </div> Fri, 25 Jul 2025 18:01:04 GMT https://www.marcperlof.com/california-ab-380-could-freeze-your-retail-rentssee-the-loopholes-before-its-too-late thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap585d6145 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/unnamed-166-720x375.webp" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> CEO of American Realty Advisors elected to Downtown Santa Monica board </strong> </p> <p> <br/> </p> <p> <span> 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. </span> </p> <p> <br/> </p> <p> <span> The results were announced Thursday by DTSM CEO Andrew Thomas, who praised the caliber of candidates and the level of engagement from the downtown property ownership community... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smdp.com/business/ceo-of-american-realty-advisors-elected-to-downtown-santa-monica-board/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/perigold_houston_6-17-250668.jpg" alt="A blurry picture of a clothing store with clothes on display."/> </div> <div data-rss-type="text"> <p> <strong> Mid-Year Recap: Retailers continue to expand despite challenges </strong> </p> <p> <span> <br/> </span> </p> <p> <span> From C-suite shakeups and bankruptcies to sticky inflation, tariff threats and anxious consumers, it’s been a challenging year so far for the retail industry. Uncertainty seems to be the dominant theme, among consumers and retailers alike... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/mid-year-recap-retailers-continue-expand-despite-challenges?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGb0JFzS4-7AkRwUgcOIkXaKwZ0o_uvVFyDJ593tAuf_FBQD-1DY-VeuxBFGPl6iJRVsjjVQrhaRSW072Sp6I0eHlT0x9lf05SU9CnK3u3zqflr"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/14790472242_2a7834b910_k.webp" alt="A car is parked in front of a sign that says 223"/> </div> <div data-rss-type="text"> <p> <strong> Friendly’s parent company Brix Holdings acquired by franchisee </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Brix Holdings — the 250-unit parent company to Friendly’s Restaurants, Clean Juice, Red Mango, and Orange Leaf — has been acquired by Legacy Brands International, an investment group managed by multi-unit Friendly’s franchisee, Amol Kohli... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.nrn.com/family-dining/friendly-s-parent-company-brix-holdings-acquired-by-franchisee?utm_rid=CPG06000019360528&amp;_mc=em_NRN_News_NRN%20News%20Alert_News_NL_07222025&amp;utm_campaign=66426&amp;utm_medium=email&amp;elq2=7d39699e4ccb4dfcaa50bf2637c55897&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/A_Trader_Joe_s_sign.webp" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Trader Joe’s continues to crank out store openings </strong> </p> <p> <span> <br/> Trader Joe’s plans to open 30 new stores across 18 states in the coming months. </span> </p> <p> <span> Texas, California, and New York are each expected to receive three locations. Louisiana, Massachusetts, Oklahoma, and Utah will get two stores each. Trader Joe’s also has plans for locations in Arizona, Colorado, Connecticut, Washington, D.C., Florida, Georgia, Missouri, New Jersey, Oregon, South Carolina, and Virginia... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/new-stores/trader-joe-s-continues-to-crank-out-store-openings?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_07222025&amp;utm_campaign=66410&amp;utm_medium=email&amp;elq2=bdd99d05627347bbb61705cb4a6408af&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/del_taco.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Del Taco to reopen 17 Colorado locations </strong> </p> <p> <span> <br/> The nation’s second-largest quick-serve Mexican restaurant chain is returning to a key market. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> Del Taco is in the process of a phased reopening of 17 corporate-owned locations across Colorado. The rollout began June 21 and will continue throughout the next several months. With five locations now reopened and 12 more scheduled, the brand says it is reestablishing its footprint in communities “eager for its bold flavors and beloved menu items...” <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2025-07-23?article=del-taco-reopen-17-colorado-locations" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/nordstrom_rack.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Nordstrom Rack adds five new stores to 2026 lineup — here are the locations </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Nordstrom continues to expand its off-price division. </span> </p> <p> <br/> </p> <p> <span> The department store retailer, which in May closed on its deal to go private, is on track to open 21 Nordstrom Rack stores this year. It expects to open roughly the same amount in 2026, and has already announced a handful of openings, including a 30,000-sq.-ft. store at Turkey Creek in Knoxville, Tenn., and a 27,000-sq.-ft. store at Sarasota Pavilion in Sarasota, Fla... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2025-07-23?article=nordstrom-rack-adds-five-new-stores-2026-lineup-here-are-locations" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download-aa546a9c.jpeg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Retailer At Home decides to keep open some US stores it previously planned to close </strong> </p> <p> <span> <br/> </span> </p> <p> <span> At Home has decided to keep two of its U.S. stores open despite initial plans to close them as the retailer seeks more time to assume or reject its real estate leases through a Delaware bankruptcy court. </span> </p> <p> <span> The home goods retailer based in the Dallas area is also getting more funds as it navigates bankruptcy proceedings. Judge J. Kate Stickles granted At Home access to up to $600 million of debtor-in-possession financing, including $200 million of new funding and $400 million of prepetition debt... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/258613179/retailer-at-home-decides-to-keep-open-some-us-stores-it-previously-planned-to-close?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p10&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc1MzM1NDgxNn0.UO2mnq3xdFgvlWmiXsVqePoSgwk6sBx2S8P2EJ_2km4" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Untitled_design.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Stater Bros. on a roll with new stores </strong> </p> <p> <span> <br/> </span> </p> <p> <span> It’s been a big summer for Stater Bros. Markets with the San Bernardino, Calif.-based grocery retailer opening a new store in Highland, Calif., and renovating another location in Twentynine Palms, Calif. </span> </p> <p> <span> The grocery chain, which operates 166 stores, as of July 15, according to Scrapehero.com, announced on July 17 that it has completed the renovation of the Twentynine Palms store... <br/> </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/new-stores/stater-bros-on-a-roll-with-new-stores?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_07222025&amp;utm_campaign=66410&amp;utm_medium=email&amp;elq2=bdd99d05627347bbb61705cb4a6408af&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/ChurchsTOP.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> 100 Days In, Church’s CEO Roland Gonzalez Has a Story to Tell </strong> </p> <p> <span> <br/> </span> </p> <p> <span> As CEO Roland Gonzalez explains it, Church’s Texas Chicken had to get its house in order. But now, the brand is no longer on the cusp; it isn’t a turnaround anymore. “We’re full steam ahead and we’re going to accelerate,” says Gonzalez, the chain’s former COO, who recently completed his first 100 days atop the brand... <br/> </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/100-days-in-churchs-ceo-roland-gonzalez-has-a-story-to-tell/?spMailingID=163557&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=163557" target="_blank"> Read Full Article... </a> </p> </div> Fri, 25 Jul 2025 17:49:38 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap585d6145 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap72539a51 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Jack-in-the-Box-1024x576.jpg" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> This West Coast Fast Food Chain Is Making a Return To Chicago After 40 Years </strong> </p> <p> <span> <br/> </span> </p> <p> <span> After more than 40 years,  </span> <span> Jack in the Box is reopening </span> <span>  in the Chicago area. </span> </p> <p> <span> According to NBC Chicago, the iconic fast food chain announced in June that it plans to open up to 10 new locations in the city and suburbs over the next two years as part of an expansion into the Chicago market... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://secretchicago.com/jack-in-the-box-reopening-in-chicago-2025/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/target_9.00.04_am.jpg" alt="A blurry picture of a clothing store with clothes on display."/> </div> <div data-rss-type="text"> <p> <strong> Target opening eight stores in July and August — here are the locations </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Target Corp. is celebrating the opening of eight new stores this summer — including its 320th location in California. </span> </p> <p> <br/> </p> <p> <span> The openings are part of the 20 new locations that Target plans to open this year, and also reflect the retailer’s commitment to building more </span> <a href="https://chainstoreage.com/target-open-300-stores-over-next-decade" target="_blank"> </a> <span> than </span> <a href="https://chainstoreage.com/target-open-300-stores-over-next-decade" target="_blank"> </a> <span> 300 </span> <a href="https://chainstoreage.com/target-open-300-stores-over-next-decade" target="_blank"> </a> <span> stores over the next decade... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/target-opening-eight-stores-july-and-august-here-are-locations?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGbrIT2jBiaKjcaRpBm5360RyTLwi1W404PjTyiPdwiTnD-0SKslIhULJybulVGdHxv2-II7TiHKFli9fGZpo_4aY6UobMsHLzGfJHwXtZAzaX2" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/true_religion_0.jpg" alt="A car is parked in front of a sign that says 223"/> </div> <div data-rss-type="text"> <p> <strong> New owners opening four new True Religion stores — here's where </strong> </p> <p> <span> <br/> </span> </p> <p> <span> True Religion’s new owners have opened two new stores and have two more planned for fall openings this year. Already doing business are 2,000-sq.-ft. stores in Las Vegas’s Fashion Show Mall and Mall of Louisiana in Baton Rouge... </span> </p> <p> <span> <span>  </span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/new-owners-opening-four-new-true-religion-stores-heres-where?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGbrIT2jK3yo99wkNHrMXfSrZl1RgOExGFa4EjIIEm95wruPsLnlHQvEV4-wm3XOz87Y3eLAeIBlGfe_qsCy_ZzZLTbVYQeMMMxX73J6QFVfSR8" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/mo-071525-highres9.jpg" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Ollie’s to hit store milestone as it expands into new state </strong> </p> <p> <span> <br/> Ollie’s Bargain Outlet Holdings is celebrating the 10th anniversary of the company’s listing on the Nasdaq Stock Market and a few other things as well. </span> </p> <p> <span> The off-price retailer’s president and CEO, Eric van der Valk, and other members of the executive leadership team rang the opening bell of the exchange on Wednesday to celebrate the anniversary. Ollie’s is also celebrating opening of its 600th store as it expands into its 34th state... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2025-07-16?article=ollies-hit-store-milestone-it-expands-new-state" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/The_exterior_of_a_Homeland_store.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Homeland Stores’ parent company to close five locations </strong> <span> <br/> <br/> Homeland Acquisition Corp., the parent of Oklahoma City-based Homeland Stores, is planning to close four supermarkets in Oklahoma and one in Georgia, according to a local report. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The company is closing one Homeland each in Pauls Valley and Jay, Okla., a United Supermarket store in Kingfisher, Okla., and a Discount Foods location in Ponca City, Okla., the report in  </span> <span> The Oklahoman </span> <span>  said. In addition, the company is also closing a Piggly Wiggly in Gordon, Ga., according to that store’s Facebook page... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/store-closings/homeland-stores-parent-company-to-close-five-locations?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_07112025&amp;utm_campaign=66243&amp;utm_medium=email&amp;elq2=b5edc4fc6324457985adcddf837cbaf0&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download-1c006b76.jpeg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Once-giant Sears could soon be down to just five locations </strong> </p> <p> <span> <br/> </span> </p> <p> <span> One-time U.S. retail giant Sears is closing a store in California, and the future for two other locations is in question. The moves could leave the iconic chain that was once part of downtowns and malls across the country with just five brick-and-mortar sites still open. </span> </p> <p> <span> "Going-out-of-business" signs have gone up at the Sears store at the </span> <span>   </span> <span> Whittwood Town Center in Whittier, California. In addition, a 1,000-unit multifamily development is planned for the site of a Sears at Searstown Plaza in Miami... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1406528706/once-giant-sears-could-soon-be-down-to-just-five-locations?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=self-storage-sales-surge-in-q125-hitting-855m-amid-investor-optimism&amp;_bhlid=6c93d414999575a676e8c3d0e96d7e5ebd32806b" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/modern-commercial-building-fascia-exterior-wall-signage-logo-mockup-scaled.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Retail Investment Surge Drives 2024 Property Deals Nationwide </strong> </p> <p> <span> <br/> </span> </p> <p> <span> After years of muted activity, retail investment is heating up, as reported by ICSC publication Commerce + Communities Today </span> <a href="https://www.icsc.com/news-and-views/icsc-exchange/money-is-moving-again-in-retail-real-estate-and-fast" target="_blank"> . </a> <span>  Through May 2025, US retail property sales reached $24.6B — a 7% bump from the year before, per MSCI Real Assets. When expanding the lens to include a full-year rolling comparison, CoStar data shows a more striking 17.8% increase in retail transaction volume, climbing from $72.2B to $85B... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/retail-investment-surge-drives-2024-property-deals-nationwide/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=cmbs-special-servicing-rate-surges-to-highest-level-since-2013&amp;_bhlid=0bf69847c6fc8d38a0a4be09920e3f0bb59141bc" target="_blank"> Read FullArticle... </a> </p> </div> Fri, 18 Jul 2025 02:48:58 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap72539a51 thumbnail main image https://www.marcperlof.com/salt-cap-up-tax-breaks-backthe-big-beautiful-bill-is-a-game-changer-for-all-commercial-real-estate-owners <div data-rss-type="text"> <p> <span> Hey, Retail Real Estate Rockstars! <br/> <br/> </span> </p> <p> <span> The brand-new “Big Beautiful Bill” (H.R. 1) just rewired the tax rules. Here’s five headline changes—and exactly when they start or end—that can boost (or bruise) your next retail property move. </span> </p> <p> <strong> <br/> Key Tax Breaks &amp; Deadlines </strong> </p> <ul> <li> <span> <span> 100 Percent Bonus Depreciation – Applies to assets bought after January 19, 2025 and is </span> </span> <span> permanent </span> <span> <span> (no sunset).¹ </span> </span> </li> <li> <span> Opportunity Zones 2025 – Program is now permanent; new zones certified July 2025 (active January  1, 2027) and each zone lasts 10 years.² </span> </li> <li> <span> Low Income Housing Tax Credit Expansion – Extra 12 % allocation begins January 1 , 2026 and stays in force permanently.³ </span> </li> <li> <span> SALT Deduction Cap Increase 2025 – Cap jumps to $40k for tax years 2025–2029; snaps back to $10k in 2030.⁴ </span> </li> <li> <span> Energy Tax Credit Repeal for Commercial Buildings (§ 179D) – Deduction stays alive until projects starting after June 30, 2026; then it ends.⁵ </span> </li> </ul> <p> <strong> <br/> What You Need to Know </strong> </p> <ul> <li> <span> 100 Percent Bonus Depreciation is forecast to add $280 B in first-year deductions nationwide over the next decade.¹ </span> </li> <li> <span> LIHTC boost could create 80,000 extra affordable rentals between 2026-2035.³ </span> </li> <li> <span> SALT cap hike will reduce federal taxes for about 13 M households, many of them pass-through property owners.⁴ </span> </li> <li> <span> Only 24 months remain to lock in § 179D on new efficiency projects before repeal.⁵ </span> </li> </ul> <p> <strong> <br/> Fast Data Points </strong> </p> <ol> <li> <span> The LIHTC “bond test” drops to 25 % of project cost, letting more deals qualify for 4 % credits.³ </span> </li> <li> <span> Raising the SALT cap is projected to cost $350 B over ten years.⁴ </span> </li> <li> <span> OZ investors can still hit a 15 % basis boost after a 10-year hold under the permanent rules.² </span> </li> </ol> <p> <strong> <br/> Why This Matters to Retail Owners </strong> </p> <ol> <li> <span> Instant Expense Power – Spend $500k on tenant improvements in 2025 and deduct all $500k that same year.¹ </span> </li> <li> <span> Long-Game Site Selection – A store inside a new OZ can defer gains and boost basis—perfect for 10 to 15 year strategies.² </span> </li> <li> <span> Affordable-Mixed Play – Add LIHTC apartments above ground-floor retail and tap into the larger 2026 credit pool.³ </span> </li> <li> <span> Personal Tax Relief – With the SALT cap set at $40k, California LLC owners can fully deduct state taxes for five years.⁴ </span> </li> <li> <span> Green Upgrade Countdown – Pull permits for lighting or HVAC upgrades before July 2026 to keep the § 179D deduction.⁵ </span> </li> </ol> <p> <span> <br/> Want these rules working for your rent roll, refinance, or next acquisition? Call or DM me for more information—let’s get a head start on your 2025/2026 real estate strategy before the competition wakes up. </span> </p> <p> <span> <br/> Which of these changes will shift your next leasing or investment move first—instant write-offs, permanent OZs, bigger housing credits, SALT relief, or locking in green deductions? </span> </p> <p> <span> <br/> Keep an eye out in the coming weeks—we’ll be diving deeper into each of these game-changing updates. </span> </p> <p> <span> <br/> </span> </p> <p> <span> #RetailRealEstate #CREInvesting #TaxStrategy #OpportunityZones #BonusDepreciation </span> <span> <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <span> Footnotes: </span> </p> <p> <span> 1.  H.R. 1 (2025), § 70301; KBKG, “ </span> <a href="https://www.kbkg.com/feature/obbb-tax-bill-makes-100-bonus-depreciation-permanent-what-you-need-to-know" target="_blank"> OBBB Tax Bill Makes 100% Bonus Depreciation Permanent – What You Need to Know </a> <span> ” (July 9 2025). <br/> 2.  H.R. 1 (2025), § 70421; Seyfarth Shaw LLP, “ </span> <a href="https://www.seyfarth.com/news-insights/7-key-changes-to-the-qualified-opportunity-zone-incentive-under-the-one-big-beautiful-bill-act.html" target="_blank"> 7 Key Changes to the Qualified Opportunity Zone Incentive Under the One Big Beautiful Bill Act </a> <span> ” (July 7 2025). <br/> 3.  H.R. 1 (2025), § 70422; Nelson Mullins, “ </span> <a href="https://www.nelsonmullins.com/insights/alerts/nelson-mullins-affordable-housing-news/all/one-big-beautiful-bill-act-signed-into-law-what-made-it-into-the-final-bill" target="_blank"> One Big Beautiful Bill Act Signed into Law – What Made It Into the Final Bill? </a> <span> ” (July 7 2025). <br/> 4.  H.R. 1 (2025), § 70120; Bipartisan Policy Center, “ </span> <a href="https://bipartisanpolicy.org/blog/how-would-the-2025-house-tax-bill-change-the-salt-deduction/" target="_blank"> How Would the 2025 House Tax Bill Change the SALT Deduction? </a> <span> ” (June 9 2025). <br/> 5.  H.R. 1 (2025), § 70507; Frost Brown Todd, “ </span> <a href="https://frostbrowntodd.com/one-big-beautiful-bill-act-cuts-the-power-phase%E2%80%91outs-foreign%E2%80%91entity-restrictions-and-domestic-content-in-clean%E2%80%91energy-credits/" target="_blank"> One Big Beautiful Bill Act Cuts the Power: Phase-Outs, Foreign-Entity Restrictions, and Domestic Content in Clean-Energy Credits </a> <span> ” (July 4 2025). </span> </p> <p> <span> 6. Bipartisan Policy Center, “ </span> <a href="https://bipartisanpolicy.org/blog/how-would-the-2025-house-tax-bill-change-the-salt-deduction/" target="_blank"> How Would the 2025 House Tax Bill Change the SALT Deduction? </a> <span> <span> ,” </span> </span> <span> supra </span> <span> <span> note 4. <br/> 7. Nelson Mullins, “ </span> </span> <a href="https://www.nelsonmullins.com/insights/alerts/nelson-mullins-affordable-housing-news/all/one-big-beautiful-bill-act-signed-into-law-what-made-it-into-the-final-bill" target="_blank"> One Big Beautiful Bill Act Signed into Law – What Made It Into the Final Bill? </a> <span> <span> ,” </span> </span> <span> supra </span> <span> <span> no </span> </span> <span> te 3. </span> </p> <p> <span> <br/> </span> </p> <p> <span> <br/> </span> </p> <p> <strong> Disclaimer </strong> <span> : I am not a tax accountant, CPA, or tax attorney. Always confirm these details with your own qualified professional before making tax or investment decisions. </span> </p> <p> <span> <br/> </span> </p> <p> <span> <br/> © 2025 Marc Perlof Group. All rights reserved. </span> <span> <br/> </span> <span> <br/> </span> </p> </div> Thu, 17 Jul 2025 04:39:06 GMT https://www.marcperlof.com/salt-cap-up-tax-breaks-backthe-big-beautiful-bill-is-a-game-changer-for-all-commercial-real-estate-owners thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap11b5a904 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/save_a_lot_y_mas.jpg" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> First Look: Save A Lot debuts new Hispanic-focused store concept </strong> </p> <p> <span> <br/> </span> </p> <p> <span> One of the largest discount grocers has unveiled another new store concept that aims to cater to Hispanic consumers. </span> </p> <p> <span> As part of its strategic collaboration with Leevers Supermarkets, Save A Lot unveiled a new store format, called Save A Lot y Mas, in the St. Louis suburb of Overland... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/first-look-save-lot-debuts-new-hispanic-focused-store-concept?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGbksNnbIhhB417tHsREgFnZrJsGRjYsmLn9cKNHH3Z8JU_Rn_fv_kqzNU2yxkS_RLedJWUuyfpWHwoXvlCQU6Y8shYNLsM3iTXwGo9LsWMSwjC" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/promenade-750x375-0380861c.webp" alt="A blurry picture of a clothing store with clothes on display."/> </div> <div data-rss-type="text"> <p> <strong> Santa Monica Planning Commission Votes to Ease Downtown Business Restrictions </strong> </p> <p> <span> <br/> </span> </p> <p> <span> The Santa Monica Planning Commission has unanimously voted to recommend changes to the city's zoning ordinance that would permanently ease restrictions on downtown businesses, including eliminating prohibitions on dancing and expanding alcohol service options. </span> </p> <p> <span> The 6-0 vote sends the proposal to the City Council for final approval, and comes as the city shifts its approach to economic recovery in its downtown core and Third Street Promenade area... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smdp.com/uncategorized/santa-monica-planning-commission-votes-to-ease-downtown-business-restrictions/" target="_blank"> ReadFull Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/fatburger.jpg" alt="A car is parked in front of a sign that says 223"/> </div> <div data-rss-type="text"> <p> <strong> Fatburger adds 40 stores to Florida pipeline </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Fatburger is slated to grow its presence in the Sunshine State in a big way. </span> </p> <p> <span> FAT (Fresh, Authentic, Tasty) Brands Inc., the fast-casual burger chain’s parent company, has announced a new development deal with existing franchisee Whole Factor Inc. to open 40 additional Fatburger locations across Florida over the next 10 years, including new areas such as Jacksonville... <br/> </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/fatburger-adds-40-stores-florida-pipeline?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGbiHiYfXt6BdMUxFqBhNy5BTpc8pXpe604YWhnFZ0jaBMkCRNINmSwxfP7qzFP7WaWjLDEmAqNKSn5BN39Y5PiL_ru3eqCPg3eRATjBDJsTEbV" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/chucks_arcade_tulsa_ok.jpg" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> First Look: Chuck E. Cheese launches new arcade concept for adults in 10 malls </strong> </p> <p> <span> <br/> Chuck E. Cheese has debuted a spin-off entertainment concept for adults who still love to play games. </span> </p> <p> <span> The company has launched Chuck’s Arcade </span> <strong> ,  </strong> <span> which combines a rotating mix of retro classics with the hottest new titles, including state-of-the-art racing simulators and immersive virtual reality hits... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/first-look-chuck-e-cheese-launches-new-arcade-concept-adults-10-malls?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_Weekend&amp;mkt_tok=ODI1LUxTUC01NDUAAAGbeVQLbA0qF3EhkclvkPcdViJn1WOn4S1GUXdih9zbYhKNAcLe5XcEaVdaPlSoAnz5UBlll9cgKIBBeR2i7j6itPQJzE1dSZl-fgrBq5WQDMCi" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/eastside_store_detroit.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Fast-growing lifestyle brand Eastside Golf opens first U.S. store </strong> </p> <p> <span> <br/> Eastside Golf, whose fashions are designed to be worn by golfers and non-golfers alike on and off the course, has marked a major milestone in its growth. </span> </p> <p> <span> The brand has opened its first-ever U.S. store. Located at the Detroit Metropolitan Airport, Terminal A, the shop features a curated selection of the brand's apparel and accessories, including its signature Swingman sweatshirts, tracksuits, performance polos and bucket hats... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smdp.com/business/taco-por-favor-family-flips-fast-food-model-with-first-full-service-santa-monica-restaurant/" target="_blank"> Read </a> <a href="https://chainstoreage.com/fast-growing-lifestyle-brand-eastside-golf-opens-first-us-store?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGbiHiYfVzbAZCYEduRwBTbP4Q2tXAqdsOxbVm08ga798mJdWDEXtyDZXP91hr1nMINDmvCx2Bp5PV3udhVx1eBinXv6EIaPwgUirYELd4OkRqs" target="_blank"> FullArticle </a> <a href="https://smdp.com/business/taco-por-favor-family-flips-fast-food-model-with-first-full-service-santa-monica-restaurant/" target="_blank"> ... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download-74563b30.jpeg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Retail merger activity surges with $112.7 million deal for Big 5 Sporting Goods </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Big 5 Sporting Goods is being purchased by private equity firm Capitol Hill Group and Worldwide Golf in a $112.7 million deal that will take it private, part of a flurry of mergers and acquisitions involving retailers... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1846290615/retail-merger-activity-surges-with-1127-million-deal-for-big-5-sporting-goods?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p2&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc1MjE2MzU5M30.tVyK81AMxFs1HdvLMrTNkAlYou1QdqosshpttOYN_qk" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/The_front_of_a_Family_Dollar-674e3ecd.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Family Dollar officially cuts ties from Dollar Tree </strong> <span> <br/> <br/> </span> </p> <p> <span> Family Dollar is officially a standalone private company with no ties to its previous parent company Dollar Tree, the retailer announced Monday. </span> </p> <p> <span> The separation means Family Dollar will now operate under new owners—private equity firms Brigade Capital Management, Macellum Capital Management, and Arkhouse Management Co. Family Dollar will remain headquartered in Chesapeake, Va... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/mergers-acquisitions/family-dollar-officially-cuts-ties-from-dollar-tree?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_07082025&amp;utm_campaign=66184&amp;utm_medium=email&amp;elq2=82c877ba658d42f99d3291fb52b7396e&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read FullArticle... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/holy_basil.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> One of LA’s Best Thai Restaurants Is Expanding With Two New Locations </strong> </p> <p> <span> <br/> </span> </p> <p> <span> It’s gearing up to be an exciting summer for Holy Basil. Wedchayan “Deau” Arpapornnopparat’s Bangkok-style Thai restaurant is relocating from its original location in Downtown LA to the former Guerrilla Tacos space in the Arts District... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://la.eater.com/los-angeles-restaurant-news/286331/holy-basil-thai-restaurant-opening-santa-monica-arts-district-los-angeles" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download+%281%29-0646faa3.jpeg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Erewhon opens Los Angeles-area store, plans more Southern California locations </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Trendy grocery store chain Erewhon is expanding in Southern California with a new store opening last week and three more on the docket. However, one store affected by the Pacific Palisades wildfires remains closed... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/650982469/erewhon-opens-los-angeles-area-store-plans-more-southern-california-locations?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p6&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc1MjE2MzA2Mn0.Hi2eMNbcqE3YD0MepavRHi82lx4F1PirbN2QMSxw7MY" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download+%282%29-b859982d.jpeg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Nordstrom to close two US department stores as retail industry faces rough patch </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Nordstrom plans to shutter two department stores next month as the retail industry faces a challenging economy and shifting consumer behavior that has led to the nation's highest level of store closings since the onset of the pandemic... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/2075010477/nordstrom-to-close-two-us-department-stores-as-retail-industry-faces-rough-patch?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p4&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc1MjE2MzA1OH0.jC5G5u82b0_uvAC5OAATkkx2_p9l_3bH174szd9JaeM" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/auntieannesprototype.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Auntie Anne’s Unveils Modular Redesign Built for Gen Z, Growth, and Flexibility </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Mike Freeman, GoTo Foods president of brands, says snacking should be an eye-catching experience. It should also be customized, create emotional ties, and be in a frictionless environment for millennial and Gen Z customers. </span> </p> <p> <span> Those are the funnels the 1,200-unit Auntie Anne’s used to reimagine its store design... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/auntie-annes-unveils-modular-redesign-built-for-gen-z-growth-and-flexibility/?spMailingID=161963&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=161963" target="_blank"> Read Full Article... </a> </p> </div> Fri, 11 Jul 2025 14:21:54 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap11b5a904 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap754ae077 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/eda31006-ff94-41af-bf28-f929d1a6df65_1920x1080.jpg" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Popular ice cream brand sold as nationwide chain closes hundreds of locations </strong> </p> <p> <span> <br/> </span> </p> <p> <span> WASHINGTON — Rite Aid's bankruptcy proceedings have led to the sale of Thrifty Ice Cream.  </span> </p> <p> <br/> </p> <p> <span> Hilrod Holdings was named the successful bidder to acquire the ice cream brand from the nationwide pharmacy chain, according to recently filed court documents. The $19.2 million sale was approved July 1 by a federal bankruptcy judge, court documents show... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.kare11.com/article/news/nation-world/popular-ice-cream-brand-sold-thrifty-rite-aid/507-4fa3f9bb-61dc-4c6e-a400-a140c2b1c610" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/wingstopchickentenders-1.jpg" alt="A blurry picture of a clothing store with clothes on display."/> </div> <div data-rss-type="text"> <p> <strong> Is Wingstop on the Verge of Another Sales Tear? </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Not many restaurant chains have surged at the pace of Wingstop. Same-store sales climbed nearly 40 percent over the past two calendars and average-unit volumes ended Q1 at $2.135 million. That latter figure was $1.9 million a year ago, $1.7 million the year before, and $1.6 million in 2022. If you stretch back to 2014—the year before Wingstop went public—AUVs were a shade over $1 million at $1.073 million across 693 restaurants... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/is-wingstop-on-the-verge-of-another-sales-tear/?spMailingID=161781&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=161781" target="_blank"> ReadFull Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_1342618712.jpg" alt="A car is parked in front of a sign that says 223"/> </div> <div data-rss-type="text"> <p> <strong> Jack in the Box takes poison pill as activist investor increases stake </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Jack in the Box Inc. has made a move to defend itself against a potential hostile takeover. </span> </p> <p> <br/> </p> <p> <span> The quick-serve chain has adopted a limited-duration shareholder rights plan, commonly referred to as a poison pill, after Biglari Capital Corp. bought additional shares of stock... <br/> </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/jack-box-takes-poison-pill-activist-investor-increases-stake?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGbbreztdhUwpqTiRx-6w0DAtRzj1A-FGUMNrAFK6B-D48xwMDLAjZn-3ve3Swsf6LwdGgDAGJlyDz3wtTTBPBEE3kRPaVbfItGVFXGEGJAT6kM" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/unnamed-223-750x375+%281%29.webp" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Nordstrom will leave Santa Monica Place in August </strong> </p> <p> <span> <br/> Nordstrom has announced it will permanently close its Santa Monica store located at 220 Broadway in Santa Monica Place on August 26, marking the end of operations at one of its Southern California locations despite the company reporting strong fourth quarter earnings that exceeded expectations... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smdp.com/business/nordstroms-will-leave-santa-monica-place-in-august/?mdstkn=eaUFfILf13EUUUq%2BaTwXSPtEwW0roZB%2FIdzoz%2BHxf6l7yeM0aHlPOJqDat9eDbPHt1YUDYcKFEGgKgsQ%2FVMysJQMkzuZolVfQgSaz%2FIewb057k4I%2BTFzUu185C5fzOVX9rW80vCSW6qozkdOVOGqGCNp3ZNAn6%2BNt5fKa7AuzzPR%2F37y9NkNH8yFCGoLcBad" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/unnamed-224-750x375.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Tacos Por Favor family flips fast food model with first full-service restaurant </strong> </p> <p> <span> <br/> After nearly 25 years running fast-casual taco joints across Los Angeles, the family behind Tacos Por Favor has opened their most ambitious location yet: a full-service restaurant and bar in Santa Monica... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smdp.com/business/taco-por-favor-family-flips-fast-food-model-with-first-full-service-santa-monica-restaurant/" target="_blank"> Read FullArticle... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/kirklands.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Kirkland's Inc. to rebrand; 'move forward' with smaller footprint, store conversions </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Kirkland’s Inc. is set to undergo a rebrand and corporate name change – as well as accelerate store conversions into new Beyond portfolio locations... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/kirklands-inc-rebrand-move-forward-smaller-footprint-store-conversions?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_Weekend&amp;mkt_tok=ODI1LUxTUC01NDUAAAGbVUeOBDr7no4kPv5SxvcR4npf2mW1qg0K3GSqYoc5mI1-X_IUoWQbg7XFYU8-jaMr5h2yGD0jj9amI9omjqzKh2vV7ru87CfZ38ncR4-cY7U3" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/mango-381dea00.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Mango hits 50 U.S. stores with more on the way </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Mango has reached a new milestone in its U.S. expansion. </span> </p> <p> <span> The Barcelona-based global fashion retailer has opened its 50th U.S. location with its new store in Portland, Ore., in the city's Washington Square shopping center... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/mango-hits-50-us-stores-more-way?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGbX0Zna57iMtCYQiFMlTEDPGEHKvig62RddBObd4N1StgPwR30MglcCn4jgrjnf78XAvX291sn13RQ5Bv827h1m8VCJ0T9eXyGejvVW_Jm_QQC" target="_blank"> Read FullArticle... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_1576056634.jpg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Close-out retailer Ollie’s entering two new states; July store openings include… </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Ollie’s Bargain Outlet is set for a busy July.  </span> </p> <p> <span> The fast-growing close-out retailer opened its first location in Nebraska, in Omaha, on July 2. The store is located in a space that formerly housed a Big Lots outlet... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="http://chainstoreage.com/news-briefs/2025-07-02?article=close-out-retailer-ollies-entering-two-new-states-july-store-openings-include" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download-70fc21ff.jpeg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Retail sales slowdown does little to dent upward trend for store rents </strong> </p> <p> <span> <br/> </span> </p> <p> <span> U.S. retail sales faltered in May as the pull-forward of demand for durable goods and automobiles from the threat of tariffs waned. Headline retail sales fell 0.9% during the month, significantly more than the 0.6% drop expected from consensus estimates. However, most of the decline was driven by just a few retail categories... </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/91969769/retail-sales-slowdown-does-little-to-dent-upward-trend-for-store-rents?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=insights&amp;utm_content=p1&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc1MTU1NDMwMH0.ThlnNB9AoltYBvJJ0StNVdH5cjzOzh_0xwKnkjqkf7Y" target="_blank"> Read Full Article... </a> </p> </div> Fri, 04 Jul 2025 11:05:05 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap754ae077 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapcf6fee8a <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Enterainment-Zone-750x375.webp" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Santa Monica’s Entertainment Zone launches, bringing crowds, cocktails and concerns over cost and control </strong> </p> <p> <span> <br/> </span> </p> <p> <span> 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. The pilot program, which allows patrons to carry alcoholic drinks purchased from approved restaurants while walking the three-block stretch between Wilshire Boulevard and Broadway, will run Fridays through Sundays from 11 a.m. to 10 p.m... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smdp.com/business/santa-monicas-entertainment-zone-launches-bringing-with-it-crowds-cocktails-and-concerns-over-cost-and-control/?mdstkn=7fRUOfK9e7IlvxlPEzSLhvohJQLgYVK0xXLfWIwYQdQ3%2FOFy%2FSvIuxxmlkQh8st8rzMLQMBnHFTQnQNOlTRDWj4v3R889dBQbJgaCbcIkFzCHFeGwg12YAxojTwbTP0oLhvaxheSV3cC06f7X7070WWq7nXu%2BalDK%2F0n8fqhDw6spHRtdpMyonnJ0OTcOosW" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/kroger-6172bc6f.jpg" alt="A blurry picture of a clothing store with clothes on display."/> </div> <div data-rss-type="text"> <p> <strong> Kroger to shutter 60 stores by end of 2026 </strong> </p> <p> <span> <br/> </span> </p> <p> <span> <span> The Kroger Co. is closing some locations but remains committed to store growth.  </span> </span> </p> <p> <span> <br/> </span> </p> <p> <span> The grocery store giant revealed in its first-quarter earnings release that it plans to close approximately 60 locations during the next year and a half... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/kroger-shutter-60-stores-end-2026?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGbRYXQ6ZqeXnktNmCOOBcQ3CfzXE5fzXi8gfCZz43tszCmFyYF68uAi3h0MpiKIrs7UHOoCFdysKUfl7kLhspfO1cVjaiVa7JF1rmh82ZsXVUn" target="_blank"> ReadFull Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/mango.jpg" alt="A car is parked in front of a sign that says 223"/> </div> <div data-rss-type="text"> <p> <strong> Mango hits 50 U.S. stores with more on the way </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Mango has reached a new milestone in its U.S. expansion. </span> </p> <p> <span> The Barcelona-based global fashion retailer has opened its 50th U.S. location with its new store in Portland, Ore., in the city's Washington Square shopping center... <br/> </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/mango-hits-50-us-stores-more-way?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGbSqqCxTLD9rDNvekIFloALbw8OyASa2QSbc_gr5Z-DYO-hli3Hi0zTjR2k4MaX0IyQCIU6sLhpYJurA6dgl_zY6QT9QV7UKUuF4FnhJDg--Hd" target="_blank"> Read Full Artic </a> <a href="https://www.credaily.com/briefs/at-home-bankruptcy-restructures-debt-amid-tariff-struggles/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=invesco-sees-cre-values-rising-in-2025-despite-tariff-turbulence&amp;_bhlid=7e76fb376bcb0e06ced65c2f4f12014db01f1ce3" target="_blank"> le... </a> <span> <br/> </span> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download-70fc21ff.jpeg" alt="The front of an aldi store with a sign in front of it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Retail sales slowdown does little to dent upward trend for store rents </strong> </p> <p> <span> <br/> U.S. retail sales faltered in May as the pull-forward of demand for durable goods and automobiles from the threat of tariffs waned. Headline retail sales fell 0.9% during the month, significantly more than the 0.6% drop expected from consensus estimates. However, most of the decline was driven by just a few retail categories... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/91969769/retail-sales-slowdown-does-little-to-dent-upward-trend-for-store-rents?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p3&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc1MDk2ODkwOX0.j05cKFJIdc7bh9r9p3GXDdcdCxsvVU-QIAvzAWm5WMU" target="_blank"> Read Full Art </a> <a href="https://www.qsrmagazine.com/story/report-bojangles-explores-potential-sale/?spMailingID=159606&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=159606" target="_blank"> icle... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download+%281%29-79535c01.jpeg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> C&amp;S Wholesale to buy grocer-distributor SpartanNash for $1.8 billion </strong> </p> <p> <span> <br/> C&amp;S Wholesale Grocers has struck a $1.77 billion deal to acquire SpartanNash, with the merger creating a company encompassing 60 distribution centers and more than 200 stores, in a reflection of the nation's food industry consolidation... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1595529478/cs-wholesale-to-buy-grocer-distributor-spartannash-for-18-billion?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p4&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc1MDk1OTk5NH0.z67PFdUwyWUS_y7s_qO1vjY7kNOq5QVtaAld9ncbj0Y" target="_blank"> Read FullArticle... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE-Daily-Briefs-Images-2025-06-24T201800.628-png.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Rural Retail Transformation With Dollar General Fuel Expansion </strong> </p> <p> <br/> </p> <p> <span> Dollar General is going  </span> <a href="https://www.globest.com/2025/06/24/dollar-generals-fuel-pilot-signals-a-new-era-for-rural-retail/" target="_blank"> beyond </a> <span>  its dollar-store roots, as reported by GlobeSt. In its newest pilot initiative, the retailer is testing fuel stations at 40 locations across Alabama and the South. It’s not just a service expansion—it’s a pivot that positions Dollar General as a rural convenience hub, combining low-cost essentials with gas under one roof... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/rural-retail-transformation-with-dollar-general-fuel-expansion/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=upstate-ny-leads-the-pack-for-projected-rent-growth-in-2025&amp;_bhlid=6d8780e226de31ba1faf32d628d76e90101f2156" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Copy-of-Article-Images-17-png.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Why CRE Investment Still Makes Sense in 2025 </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Amid market volatility, stubborn inflation, and interest rate whiplash, it’s fair to ask: Does investing in commercial real estate still make sense in 2025?  </span> </p> <p> <span> For many institutional investors, the answer is a resounding yes, but with a sharper, more strategic lens... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/why-cre-investment-still-makes-sense-in-2025/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=upstate-ny-leads-the-pack-for-projected-rent-growth-in-2025&amp;_bhlid=3d90a3703ea31eab58568ff8cae344cc26f8571a" target="_blank"> Read FullArticle... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE-Daily-Briefs-Images-2025-06-25T195505.058-png.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Retail Real Estate Strategy Shifts At ICSC Las Vegas 2025 </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Retail’s  </span> <a href="http://"> playbook </a> <span>  is being rewritten, reports CBRE. At this year’s ICSC Las Vegas convention, CBRE surveyed more than 50 industry professionals—including retailers, landlords, and investors—revealing an industry rapidly pivoting in response to tighter margins, tech disruption, and shifting consumer priorities... <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/retail-real-estate-strategy-shifts-at-icsc-las-vegas-2025/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=distress-deepens-in-the-office-market-but-opportunity-knocks&amp;_bhlid=0d9001a843c4c578f74b5f1581400425f914dba0" target="_blank"> Read Full Article... </a> </p> </div> Fri, 27 Jun 2025 17:25:45 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapcf6fee8a thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapca9aec1d <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE-Daily-Briefs-Images-2025-06-13T224957.270-png.webp" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Tariff Impact Hits Retail And Manufacturing Costs In Real Time </strong> </p> <p> <span> <br/> </span> </p> <p> <span> New study tracks tariff impact on US retail and manufacturing costs using real-time pricing and import data analysis. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/tariff-impact-hits-retail-and-manufacturing-costs-in-real-time/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=manhattan-rents-break-records-and-could-climb-higher-this-summer&amp;_bhlid=ee4e3f6c3873b95db62cb7e3fa6dfb4bb34f4ea4" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/at_home.jpg" alt="A blurry picture of a clothing store with clothes on display."/> </div> <div data-rss-type="text"> <p> <strong> At Home closing 26 stores — here are the locations </strong> <span> <br/> <br/> </span> </p> <p> <span> At Home is reducing its footprint. </span> </p> <p> <span> The home décor retailer, which filed for bankruptcy on Monday as part of a restructuring agreement that will eliminate “substantially all” of its approximate $2 billion debt, plans to close 26 stores by Sept. 30. .. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2025-06-17?article=home-closing-26-stores-here-are-locations" target="_blank"> ReadFull Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE-Daily-Briefs-Images-2025-06-17T200056.114-png.webp" alt="A car is parked in front of a sign that says 223"/> </div> <div data-rss-type="text"> <p> <strong> At Home Bankruptcy Restructures Debt Amid Tariff Struggles </strong> </p> <p> <span> <br/> </span> </p> <p> <span> At Home files for bankruptcy as tariff impacts and debt burden push the home retailer to restructure and keep most stores open... <br/> </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/at-home-bankruptcy-restructures-debt-amid-tariff-struggles/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=invesco-sees-cre-values-rising-in-2025-despite-tariff-turbulence&amp;_bhlid=7e76fb376bcb0e06ced65c2f4f12014db01f1ce3" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/BojanglesTenders.jpg" alt="The front of an aldi store with a sign in front of it."/> </div> <div data-rss-type="text"> <p> <strong> Report: Bojangles Explores Potential Sale </strong> </p> <p> <span> <br/> Bojangles is reportedly working on a sale that could be over $1.5 billion, according to the Wall Street Journal. </span> </p> <p> <br/> </p> <p> <span> If the deal materializes, it would be the chain’s second ownership transaction in six years. In 2019,  </span> <a href="https://www.qsrmagazine.com/uncategorized/bojangles-sold-593-million-be-taken-private/" target="_blank"> the brand was sold for $593.7 million </a> <span>  to The Jordan Company LP and Durational Capital Management LP... </span> </p> <p> <br/> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/report-bojangles-explores-potential-sale/?spMailingID=159606&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=159606" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Pills_surround_the_Amazon_logo_with_the_front_of_a_Walmart_pharmacy_in_the_background.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Walmart and Amazon transform retail pharmacy as traditional drugstores retreat </strong> </p> <p> <span> <br/> Big box retailers are making major investments in prescription medications and healthcare, as Walgreens, Rite Aid, and CVS fade... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/report-bojangles-explores-potential-sale/?spMailingID=159606&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=159606" target="_blank"> Read Full </a> <a href="https://www.supermarketnews.com/nonfood-pharmacy/walmart-and-amazon-transform-retail-pharmacy-as-traditional-drugstores-retreat?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_06162025&amp;utm_campaign=65894&amp;utm_medium=email&amp;elq2=c783cce79fd3449d98e94dd573ee033f&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Article </a> <a href="https://www.qsrmagazine.com/story/report-bojangles-explores-potential-sale/?spMailingID=159606&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=159606" target="_blank"> ... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/108146931-17474214702025-05-16t184653z_2057470564_rc24jeaaqknt_rtrmadp_0_usa-tariffs-retail.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Retail sales fell 0.9% in May, worse than expected, as consumers pulled back </strong> <span> <br/> </span> </p> <p> <span> <br/> </span> </p> <p> <span> Consumer spending pulled back sharply in May, weighed down by declining gas sales and looming unease over where the economy is headed, the Commerce Department reported Tuesday... <br/> </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.cnbc.com/2025/06/17/retail-sales-may-2025-.html?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=invesco-sees-cre-values-rising-in-2025-despite-tariff-turbulence&amp;_bhlid=299b4b024d2f38f642257b7ebf923b9910944381" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download-1b710879.jpeg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Netflix selects Las Vegas Strip as third retail entertainment venue </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Netflix will be bringing its fledgling brick-and-mortar entertainment venue, Netflix House, to Las Vegas as well as opening up the first two locations in Philadelphia and Dallas later this year... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.cnbc.com/2025/06/17/retail-sales-may-2025-.html?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=invesco-sees-cre-values-rising-in-2025-despite-tariff-turbulence&amp;_bhlid=299b4b024d2f38f642257b7ebf923b9910944381" target="_blank"> Read Full </a> <a href="https://www.costar.com/article/150714555/netflix-selects-las-vegas-strip-as-third-retail-entertainment-venue?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p10&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc1MDM1MTgyNX0.ufuKKr73HIdaULeoHxkAQSq_6wfiIbBgetZ6mGPTDfo" target="_blank"> Article </a> <a href="https://www.cnbc.com/2025/06/17/retail-sales-may-2025-.html?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=invesco-sees-cre-values-rising-in-2025-despite-tariff-turbulence&amp;_bhlid=299b4b024d2f38f642257b7ebf923b9910944381" target="_blank"> ... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download+%281%29-39bce500.jpeg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Kirkland’s to accelerate conversions with new Bed Bath &amp; Beyond, Overstock stores </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Home decor retailer Kirkland's plans to step up its store conversions, transforming about 75 of its namesake locations into Bed Bath &amp; Beyond sites and another 30 of them into brick-and-mortar Overstock.com outposts... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1514091692/kirklands-to-accelerate-conversions-with-new-bed-bath-beyond-overstock-stores?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p3&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc1MDM1MTgwOX0.0ddm4_jYZ0owx-d8eXYSVGJ2AejFo8W0kN-CV62Fgfg" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/a4559fc332fe32c919727e7152739ee9.jpeg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Tractor Supply Company is opening 90 stores by end of 2025. Where is Michigan's newest store? </strong> <span> <br/> </span> </p> <p> <br/> </p> <p> <span> Tractor Supply Company is planning to open 90 stores by the end of the year, and one Michigan location already has opened in 2025, reporting from USA Today shows... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.yahoo.com/news/tractor-supply-company-opening-90-175528267.html?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAANf4yfxBt3pk1viMZ41ttrDwU_bfcA5AW8xD0F6y3eas57jwApwO77jCGiioCwOnrEuDRSj6AHoUH2Mj1_chhegYbf1mz_h_yWiv8FpojvS3emgwpK4YiD0JDpecVFs3b4yyDtzF6XjzBJpkTq7NQG-E6o9mewLWSwztSyQO5bCI" target="_blank"> Read Full Article... </a> </p> </div> Fri, 20 Jun 2025 18:37:48 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapca9aec1d thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapf7ad8272 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/daves_hot_chicken.jpg" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Dave's Hot Chicken acquired for $1 billion </strong> <span> <br/> <br/> </span> </p> <p> <span> The same private equity firm that purchased Subway last year has acquired an emerging fast-casual powerhouse... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2025-06-06?article=daves-hot-chicken-acquired-1-billion" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE-Daily-Briefs-Images-2025-06-05T214542.255-png.webp" alt="A woman is sitting at a table on a pier in front of a building."/> </a> </div> <div data-rss-type="text"> <p> <strong> Private Capital Retail Investment Trends 2025 </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Private capital is reshaping retail investment in 2025, targeting stable assets and growth markets as institutional buyers pull back... </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/private-capital-retail-investment-trends-2025/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=cre-prices-show-modest-recovery-as-market-faces-new-headwinds&amp;_bhlid=6398d6c3fcac4e13bb35ad07ca04125540582010" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/The_exterior_of_an_Aldi_store.webp" alt="A blurry picture of a clothing store with clothes on display."/> </div> <div data-rss-type="text"> <p> <strong> Aldi Süd and Aldi Nord reportedly in merger talks </strong> <span> <br/> <br/> </span> </p> <p> <span> It’s been 65 years since Aldi founders Karl and Theo Albrecht split the company into Aldi Nord and Aldi Süd over a disagreement on whether to sell cigarettes, but the two no-frills discount grocery chains could be on a path towards reunification... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/mergers-acquisitions/aldi-s-d-and-aldi-nord-reportedly-in-merger-talks?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_06112025&amp;utm_campaign=65828&amp;utm_medium=email&amp;elq2=ff95e7287547463dbb2e5cdeb87af1fc&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> ReadFull Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download+%282%29-4c28a073.jpeg" alt="A car is parked in front of a sign that says 223"/> </div> <div data-rss-type="text"> <p> <strong> Michaels looks to boost sales from the closing of other national retailers </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Michaels Cos., a retailer known for selling craft supplies, is diversifying what's on its store shelves to take advantage of gaps in product offerings as other chains file for bankruptcy protection and close their stores... <br/> <br/> </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/73243551/michaels-looks-to-boost-sales-from-the-closing-of-other-national-retailers?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p3&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc0OTc0NTk3OH0.jsCUxsRz4u21Xuzy3kArBE0ZyqCyAyvEsGXbQgUGeKo" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/del-taco-main-1.jpg" alt="The front of an aldi store with a sign in front of it."/> </div> <div data-rss-type="text"> <p> <strong> Del Taco Announces Five-Store Development Agreement in Louisville, Kentucky </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Del Taco, the nation’s second-largest Mexican quick service restaurant*, today announced a significant five-store development agreement with new franchisee, Karan Pandher, to bring the brand to Louisville, Kentucky. This partnership marks Del Taco’s exciting entry into the Louisville market... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.businesswire.com/news/home/20250611219888/en/Del-Taco-Announces-Five-Store-Development-Agreement-in-Louisville-Kentucky" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> Fri, 13 Jun 2025 08:34:07 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapf7ad8272 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap80421fdc <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-06-06+at+6.55.57-AM.png" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Dollar Tree’s Q2 profit outlook gets tanked by tariff costs </strong> <span> <br/> <br/> </span> </p> <p> <span> 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... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/finance/dollar-tree-s-q2-profit-outlook-gets-tanked-by-tariff-costs?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_06052025&amp;utm_campaign=65763&amp;utm_medium=email&amp;elq2=baae7a976af24c009918085d679118d5&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/hudsons_bay+%281%29.jpg" alt="A woman is sitting at a table on a pier in front of a building."/> </a> </div> <div data-rss-type="text"> <p> <strong> Hudson’s Bay selling up to 28 store leases to mall owner; closing all stores by June 1 </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Hudson’s Bay Co. is selling some of its leases to a mall owner that intends to launch a "new, modern department store.” </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/hudsons-bay-selling-28-store-leases-mall-owner-closing-all-stores-june-1?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_Weekend&amp;mkt_tok=ODI1LUxTUC01NDUAAAGaxRWBLf4pEqLePtbER9GCLMJi2g91YkY19N1PWIaIlk1CHAyuWnww7pmKUL-xl-4gg5xrxCc4KEcz56IQtsyXVjDkSq4ym6C_VGJYK-yHOL_m" target="_blank"> Read Full Article... </a> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/us7bjrlb.jpeg" alt="A woman is serving food to a customer through a drive thru window."/> </a> </div> <div data-rss-type="text"> <p> <strong> Zara opens two-level store at CambridgeSide </strong> <span> <br/> <br/> A global fashion retailer is expanding its presence in the Boston area in a big way. </span> <span> ... </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2025-06-03?article=zara-opens-two-level-store-cambridgeside" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/target-denton-grocery.png" alt="A blurry picture of a clothing store with clothes on display."/> </div> <div data-rss-type="text"> <p> <strong> Target opens one of its biggest new stores to date — in Texas </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Everything is bigger in Texas – including Target’s newest store. </span> </p> <p> <span> The discount chain recently debuted a new large-format store in Denton, a northern city within the Dallas-Fort Worth metro... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/target-opens-one-its-biggest-new-stores-date-texas?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGa3oRp4N3cZqsx7wmo3txWykcCLUomFTBRYDJ3tL-KK-jSCwvr8cEA6DROt8HV4uEDiM-hywbipQfiEZyirF89uxM_9Vh5fnK0wsupnfxLWFFM" target="_blank"> ReadFull Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download-ab75ef49.jpeg" alt="A car is parked in front of a sign that says 223"/> </div> <div data-rss-type="text"> <p> <strong> Automotive repair chain to close 145 stores by month's end </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Automotive repair and tire retailer Monro is planning to close 145 locations in a bid to improve profitability, the latest company in the automotive services sector to close stores or take other steps to address the effect of inflation on its sales and profits... <br/> </span> </p> <p> <br/> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/901667724/automotive-repair-chain-to-close-145-stores-by-months-end?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p8&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc0OTEzOTkzOH0.UsMV0CUOzStihxNvcjGrjMfK1yS7Kz8S21t02tXG77c" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/jack-in-the-box-del-taco-updates-1536x864.webp" alt="The front of an aldi store with a sign in front of it."/> </div> <div data-rss-type="text"> <p> <strong> <font color="#000000"> Del Taco, Jack in the Box plans to expand to Dayton region </font> </strong> </p> <p> <br/> </p> <p> <span> Two fast-food chains are planning to make their mark on the Dayton region. Del Taco, a Mexican brand that got it's start in Yermo, Calif. in 1964, has identified at least 10 opportunities within the Dayton market... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.pressreader.com/usa/dayton-daily-news/20250602/281595246468662" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/1_4_gNcQAD6.webp" alt="A store filled with lots of clothes and mannequins."/> </a> </div> <div data-rss-type="text"> <p> <strong> Gap Inc. braces for as much as $300M in tariff-related costs </strong> </p> <p> <span> <br/> </span> </p> <p> <a href="https://www.jackinthebox.com/" target="_blank"> Tariffs could add $250 million to $300 million to Gap Inc.’s gross incremental cost this year, ultimately siphoning $100 million to $150 million from fiscal year operating income after mitigation efforts, the company warned Thursday. </a> <span> .. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.retaildive.com/news/gap-tariff-costs-margin-hit-old-navy-athleta/749383/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=office-space-shrinks-as-conversions-outpace-construction-for-the-first-time-in-decades&amp;_bhlid=0905bd1b4e36f150118c014f813b72a0ed0c5d8d" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE-Daily-Briefs-Images-2025-06-04T070729.875-png.webp" alt="The front of a foot locker store with a man on it"/> </a> </div> <div data-rss-type="text"> <p> <strong> CRE Lending Recovery Signals Shift in Bank Strategy </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Banks are slowly stepping back into CRE lending after a years-long pullback, per GlobeSt. The retreat was driven by the pandemic and 2023’s high-profile bank failures... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/cre-lending-recovery-signals-shift-in-bank-strategy/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=office-space-shrinks-as-conversions-outpace-construction-for-the-first-time-in-decades&amp;_bhlid=6520b73bfb14ec39874766fc652b08fc09010a7c" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download+%281%29-4da893fc.jpeg" alt=""/> </div> <div data-rss-type="text"> <p> <strong> New Big Lots owner eyes buying more leases after reopening 200 stores </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Big Lots' new owner is weighing buying more of the chain's store leases after finishing up reopening just over 200 of its brick-and-mortar locations... </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="http://costar.com/article/902605812/new-big-lots-owner-eyes-buying-more-leases-after-reopening-200-stores?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=delinquencies-tick-up-across-the-board-in-q125&amp;_bhlid=80220637a44570d99c70060a723d6195f4b9b7c6" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/forever-21-store-pictured-times-102792362.webp" alt=""/> </div> <div data-rss-type="text"> <p> <strong> Cash-rich retailers are scrapping for a slice of NYC’s best avenues </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Is everything finally coming up roses for city stores? Maybe. </span> </p> <p> <span> Retail leasing velocity across the city is up 14%, year over year. That represents over 3.5 million square feet of new leases and renewals — and according to CBRE, the number of available storefronts on the main shopping streets has dropped... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://nypost.com/2025/06/03/real-estate/cash-rich-retailers-are-gobbling-up-nycs-best-avenues/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=delinquencies-tick-up-across-the-board-in-q125&amp;_bhlid=31f1a3f0829d775511234043edba5d84cae5da29" target="_blank"> Read Full Article... </a> </p> </div> Fri, 06 Jun 2025 11:37:27 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap80421fdc thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapf075b256 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-05-30+at+2.35.51-PM.png" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Trump's Tariffs Temporarily Cleared By Appeals Court Hours After Judges Rule Them Illegal </strong> </p> <p> <span> <br/> </span> </p> <p> <span> President  </span> <a href="https://www.bisnow.com/tags/donald-trump" target="_blank"> Donald Trump </a> <span> ’s </span> <span> <span> ability to unilaterally impose sweeping tariffs was restored Thursday, less than 24 hours after a judge said they had no legal justification... </span> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.bisnow.com/national/news/capital-markets/judges-halt-trumps-sweeping-tariff-regime-but-experts-expect-trade-war-to-rage-on-129571" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/rite-aid.png" alt="A woman is sitting at a table on a pier in front of a building."/> </div> <div data-rss-type="text"> <p> <strong> Rite Aid announces even more store closures: See the full list </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Rite Aid has filed to close a third batch of stores as the company moves through its  </span> <a href="https://www.abc27.com/news/top-stories/rite-aid-files-for-bankruptcy-again-some-job-cuts-announced-reports/" target="_blank"> second </a> <a href="https://www.abc27.com/news/top-stories/rite-aid-files-for-bankruptcy-again-some-job-cuts-announced-reports/" target="_blank"> bankruptcy </a> <span> ... </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://ktla.com/news/rite-aid-announces-even-more-store-closures-see-the-full-list/" target="_blank"> Read Full Article... </a> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-05-30+at+2.39.32-PM.png" alt="A woman is serving food to a customer through a drive thru window."/> </a> </div> <div data-rss-type="text"> <p> <strong> CRE Uncertainty Slows Investor Activity </strong> </p> <p> <span> <br/> CRE uncertainty drives investors to pause in Q1 2025, with apartments emerging as the top safe-haven asset class </span> <span> ... </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/cre-uncertainty-slows-investor-activity/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=cre-deal-activity-hits-12-month-low-in-march-as-investors-shift-to-wait-and-see-mode&amp;_bhlid=1f7cd6c36c8edeb10ca653d9f99f036b2425b48a" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-05-30+at+2.40.53-PM.png" alt="A blurry picture of a clothing store with clothes on display."/> </div> <div data-rss-type="text"> <p> <strong> Walmart CEO: ‘Higher tariffs will result in higher prices’ </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Walmart  </span> <a href="https://stock.walmart.com/_assets/_53f831055dabb0b2111e43cd03dff726/walmart/db/938/9953/earnings_release/Earnings+Release+%28FY26+Q1%29.pdf" target="_blank"> reported Q1 revenue grew 2.5% </a> <span>  yea </span> <span> r over year to $165.6 billion, while operating income increased 4.3% to $7.1 billion, the company said on Thursday... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.retaildive.com/news/walmart-tariffs-higher-prices-q1-earnings/748197/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Issue:%202025-05-23%20Retail%20Dive%20Newsletter%20%5Bissue:73347%5D&amp;utm_term=Retail%20Dive" target="_blank"> Read </a> <a href="https://chainstoreage.com/hudsons-bay-selling-28-store-leases-mall-owner-closing-all-stores-june-1?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGatVHCJjg6mkaCc0pLM_bYyox6sW3lMT_eJ1HaZjPYvyN7jBZVE_2saIw0og73NMjFrmdPTlA-JcjIDnrkEj4mt9XqtcHltXiQLSjTopjUO1uB" target="_blank"> Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/cosmcs.png" alt="A car is parked in front of a sign that says 223"/> </div> <div data-rss-type="text"> <p> <strong> McDonald’s to shut down its spin-off CosMc’s concept </strong> </p> <p> <span> <br/> </span> </p> <p> <span> McDonald’s is closing all locations of its small-format, beverage-focused restaurant concept. The quick-serve giant unveiled CosMc’s, which has four locations in Texas and one in Illinois, in late 2023... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2025-05-27?article=mcdonalds-shut-down-its-spin-cosmcs-concept" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/A_BJ_s_Wholesale_Club_sign.webp" alt="The front of an aldi store with a sign in front of it."/> </div> <div data-rss-type="text"> <p> <strong> BJ’s Wholesale Club expands Fresh 2.0, delivers strong Q1 results </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Fresh foods have been a key growth driver for BJ’s Wholesale Club, and the warehouse retailer said Thursday it is expanding its strategy... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/finance/bj-s-wholesale-club-expands-fresh-2-0-delivers-strong-q1-results?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_05232025&amp;utm_campaign=65590&amp;utm_medium=email&amp;elq2=e3d40a7782fe425b9b2fc34feaa00716&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/83b2a37b6e395b14a6b6ebe6a961977b.jpeg" alt="A store filled with lots of clothes and mannequins."/> </a> </div> <div data-rss-type="text"> <p> <strong> Jack in the Box eyeing expansion in the Columbus area </strong> <span> <br/> <br/> </span> </p> <p> <a href="https://www.jackinthebox.com/" target="_blank"> Jack in the Box, </a> <span>   </span> <span> an iconic West Coast burger chain that serves breakfast all day, includes eggrolls on its menu and actually sells more tacos than hamburgers, has its eyes on central Ohio for expansion... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.aol.com/jack-box-del-taco-theyre-181244546.html?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAACgfDx1XSeaa6-sl5ZB-9yu5BcsxGsU8GqsA0Z3OWigQo1pPScENJGvsVNzXPRy-DHQL9VLVZIw_LnU3b5AO4XY_a3nsba2XpjzSwQYymMw9ces-qKtKso7eaZCj8g7wqSab_YriBfvfo3CKjhDMMWkvpP2sCVbFlkLmGHTLU1SU" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Dollar-General-GettyImages-2191192693-WEB-bcf155a7.webp" alt="The front of a foot locker store with a man on it"/> </a> </div> <div data-rss-type="text"> <p> <strong> Dollar Stores Fight for Relevance Amid Stiffer Competition, Tariffs </strong> </p> <p> <span> <br/> </span> </p> <p> <span> On June 1, 1955, in Springfield, Ky., J.L. Turner and his son Cal Turner came up with a simple concept for a retail store: No item could cost more than $1. Their store, Dollar General, spread to other locations, and the idea of a </span> <span>   </span> <a href="https://commercialobserver.com/company/dollar-store/" target="_blank"> Dollar Store </a> <span>  was born... </span> </p> <p> <br/> </p> </div> <div data-rss-type="text"> <p> <a href="https://commercialobserver.com/2025/03/dollar-stores-fight-for-relevance-amid-stiffer-competition-tariffs/?utm_campaign=Letter_From_The_Editor&amp;utm_source=sailthru&amp;utm_medium=email&amp;utm_term=CO%20Holiday%20Send%20List" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> Fri, 30 May 2025 18:42:24 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recapf075b256 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap44518a69 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/intro-1654277703.jpg" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Burger King to remodel 400 U.S. restaurants in 2025 </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Burger King is giving its restaurants a make-over. </span> </p> <p> <span> The fast-food giant plan to remodel about 400 of its locations this year, according to a report by  </span> <a href="https://www.usatoday.com/story/money/2025/05/13/burger-king-remodeling-restaurants/83600205007/" target="_blank"> USA Today </a> <span> .  The remodels are part of a multi-year plan to accelerate sales growth and drive franchisee profitability, which Burger King announced in 2022... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2025-05-16?article=report-burger-king-remodel-400-us-restaurants-2025" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_308306402.jpg" alt="A woman is sitting at a table on a pier in front of a building."/> </div> <div data-rss-type="text"> <p> <strong> Home Depot CFO says retailer doesn’t plan to raise prices due to tariffs </strong> </p> <p> <span> <br/> </span> </p> <p> <a href="https://www.cnbc.com/quotes/HD/" target="_blank"> Home Depot </a> <span>  o </span> <span> n Tuesday stuck by its full-year sales forecast as a top executive told CNBC the retailer doesn’t plan to hike prices because of tariffs... </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.retaildive.com/news/dicks-sporting-goods-execute-foot-locker-acquisition-earnings-sales-growth/749129/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Issue:%202025-05-28%20Retail%20Dive%20Newsletter%20%5Bissue:73540%5D&amp;utm_term=Retail%20Dive" target="_blank"> Read Full </a> <a href="https://www.cnbc.com/2025/05/20/home-depot-hd-q1-2025-earnings.html?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=rxr-strikes-first-1b-nyc-office-sale-since-2022&amp;_bhlid=88ff75d7d143ac1e63b9b1fd81265a16d53dbabf" target="_blank"> Article </a> <a href="https://www.retaildive.com/news/dicks-sporting-goods-execute-foot-locker-acquisition-earnings-sales-growth/749129/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Issue:%202025-05-28%20Retail%20Dive%20Newsletter%20%5Bissue:73540%5D&amp;utm_term=Retail%20Dive" target="_blank"> ... </a> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-05-30+at+2.51.18-PM.png" alt="A woman is serving food to a customer through a drive thru window."/> </a> </div> <div data-rss-type="text"> <p> <strong> Net Lease Recovery Boosted by Retail and Industrial Demand </strong> </p> <p> <span> <br/> </span> <span> The net-lease sector continued its recovery in early 2025. According to Globe St,  </span> <a href="https://www.globest.com/2025/05/19/retail-industrial-demand-drive-continued-net-lease-recovery/" target="_blank"> total investment </a> <span>  reached $9.6B in the first quarter. These assets remain attractive due to their stability and risk-adjusted returns... </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/net-lease-recovery-boosted-by-retail-and-industrial-demand/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=rxr-strikes-first-1b-nyc-office-sale-since-2022&amp;_bhlid=2a13f3491c146d9fd48cbd412dc46d59075945f7" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-05-30+at+2.52.20-PM.png" alt="A blurry picture of a clothing store with clothes on display."/> </div> <div data-rss-type="text"> <p> <strong> CAVA Defies Industry Trends with Soaring Sales and Traffic </strong> </p> <p> <span> <br/> </span> </p> <p> <span> At a time when many chains are feeling crunched, CAVA is a well-oiled machine. </span> </p> <p> <br/> </p> <p> <span> Same-store sales grew 10.8 percent, fueled by 7.5 percent growth in traffic. Bottom income strata are outperforming, and restaurants are seeing strength across lunch and dinner... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/cava-defies-industry-trends-with-soaring-sales-and-traffic/?spMailingID=156444&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=156444" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-05-30+at+2.53.55-PM.png" alt="A car is parked in front of a sign that says 223"/> </div> <div data-rss-type="text"> <p> <strong> Walmart’s Price Increases Signal Broader Retail Response to Tariffs </strong> </p> <p> <span> <br/> </span> </p> <p> <span> The story unfolding in the retail sector is increasingly defined by the impact of tariffs on prices, with Walmart’s recent announcement serving as both a bellwether and a catalyst for broader industry action... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://textfrom.website/https://www.globest.com/2025/05/19/walmarts-price-increases-signal-broader-retail-response-to-tariffs/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=rxr-strikes-first-1b-nyc-office-sale-since-2022&amp;_bhlid=e781af398bec611083303b9c0181b1ad08f91a25" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a href="/"> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-05-30+at+2.56.20-PM.png" alt="The front of a joann handmade happiness store."/> </a> </div> <div data-rss-type="text"> <p> <strong> Inflation expected to surge to 7.3% in a year, fueled by tariff worry </strong> <strong> <br/> </strong> </p> <p> <br/> </p> <p> <span> Expectations for inflation over the coming year surged to 7.3% this month, the highest level in decades, as consumers worry that sweeping tariffs set by President Donald Trump will push up price pressures... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.retaildive.com/news/inflation-expectations-12-months-surge-73-percent-fueled-by-tariff-worry-Trump-unemployment/748418/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Issue:%202025-05-19%20Retail%20Dive%20Newsletter%20%5Bissue:73280%5D&amp;utm_term=Retail%20Dive" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/1Q25_Earnings_Press_Release_Photo.webp" alt="The front of an aldi store with a sign in front of it."/> </div> <div data-rss-type="text"> <p> <strong> Dick’s to acquire Foot Locker in $2.4B deal </strong> </p> <p> <span> <br/> </span> </p> <p> <span> A Dick’s Sporting Goods storefront. The combined company will run more than 3,200 stores, operate in 26 countries and make a total of $21 billion in revenue... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.retaildive.com/news/dicks-sporting-goods-acquires-foot-locker-two-billion-retail-deal/748229/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Issue:%202025-05-15%20Retail%20Dive%20Newsletter%20%5Bissue:73200%5D&amp;utm_term=Retail%20Dive"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-05-30+at+2.58.29-PM.png" alt="A store filled with lots of clothes and mannequins."/> </a> </div> <div data-rss-type="text"> <p> <strong> Why Fast Casual Keeps Winning, and How it’s Evolving </strong> </p> <p> <span> <br/> </span> </p> <p> <a href="https://www.jackinthebox.com/" target="_blank"> Fast casual has been the fastest-growing restaurant segment in the past 20 years. </a> </p> <p> <br/> </p> <p> <a href="https://www.jackinthebox.com/" target="_blank"> William Blair analyst Sharon Zackfia isn’t surprised that these concepts are performing well, but she is surprised by how they are gaining sales. </a> <span> .. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/why-fast-casual-keeps-winning/?spMailingID=155927&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=155927" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-05-30+at+2.59.54-PM.png" alt="The front of a foot locker store with a man on it"/> </a> </div> <div data-rss-type="text"> <p> <strong> Grocery store openings stalled in April </strong> </p> <p> <span> <br/> With a  </span> <a href="https://www.supermarketnews.com/legislation-regulatory-news/president-trump-pauses-tariffs-following-market-turmoil" target="_blank"> raucous economy </a> <span> ,  </span> <a href="https://www.supermarketnews.com/legislation-regulatory-news/walmart-amazon-target-all-face-boycott-threat" target="_blank"> protests against </a> <span>  grocery chains, and fears over  </span> <a href="https://www.supermarketnews.com/legislation-regulatory-news/trump-backs-down-on-china-tariffs-day-after-meeting-with-walmart-target-ceos" target="_blank"> unpredictable tariffs </a> <span> , it appeared that grocers put the brakes on expansion in April... <br/> </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/new-stores/grocery-store-openings-stalled-in-april?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_05152025&amp;utm_campaign=65475&amp;utm_medium=email&amp;elq2=67f30a78b77a447b81fd17ece6ee87d1&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> Fri, 23 May 2025 06:49:07 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap44518a69 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-may-16-2025 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/promenade-750x375.webp" alt="A blurred image of a city street with people walking down it."/> </a> </div> <div data-rss-type="text"> <p> <strong> Council adopts “soft launch” for Promenade entertainment zone with reduced hours of 6 p.m. – 2 a.m. </strong> </p> <p> <span> <br/> </span> </p> <p> <span> 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... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smdp.com/business/council-adopts-soft-launch-for-promenade-entertainment-zone-with-reduced-hours-of-6-p-m-2-a-m/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/w-696-h-462.jpg" alt="A woman is sitting at a table on a pier in front of a building."/> </div> <div data-rss-type="text"> <p> <strong> Businesses Fight to Survive </strong> </p> <p> <span> <br/> </span> </p> <p> <span> The ongoing closure of the Pacific Coast Highway as a result of the Palisades Fire cleanup is leaving many Malibu businesses in a lurch this spring... </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://labusinessjournal.com/featured/businesses-fight-to-survive/" target="_blank"> Read Full Article... </a> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/BojanglesDT.jpg" alt="A woman is serving food to a customer through a drive thru window."/> </a> </div> <div data-rss-type="text"> <p> <strong> Bojangles’ Plan to Expand Nationwide Gathers Momentum </strong> </p> <p> <span> <br/> </span> <span> Bojangles called its expansion  </span> <a href="https://www.qsrmagazine.com/news/bojangles-experiences-successful-growth-early-into-2025/" target="_blank"> “galvanized.” </a> <span>  This was as much a reflection of tangible, recent figures as the map ahead. In the summer of 2023, the 1977-founded brand unveiled a refreshed growth strategy that included,  </span> <a href="https://www.qsrmagazine.com/food/menu-innovations/ready-to-grow-again-bojangles-is-going-all-in-on-experience/" target="_blank"> among other things </a> <span> , a boneless-focused menu and streamlined model, from the “Genesis” store design and layout to induction stoves that lowered the in-store temperature... </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/bojangles-plan-to-expand-nationwide-gathers-momentum/?spMailingID=155745&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=155745" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE-Daily-Briefs-Images-85-png.webp" alt="A blurry picture of a clothing store with clothes on display."/> </div> <div data-rss-type="text"> <p> <strong> Retail Slowdown Impacts Leasing Activity </strong> <span> <br/> </span> </p> <p> <span> <br/> </span> </p> <p> <span> Retail slowdown deepens in 2024 as bankruptcies rise and lease activity stalls amid inflation and tariff concerns... </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/retail-slowdown-impacts-leasing-activity/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=retail-hits-a-wall-as-store-closures-inflation-and-tariffs-stall-recovery&amp;_bhlid=8d93a6ec6957a35f65df50ad44e369ac1ddb7d69" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/011414-_-CTY-consent-parking-2-750x375.webp" alt="A car is parked in front of a sign that says 223"/> </div> <div data-rss-type="text"> <p> <strong> Proposed parking overhaul sparks debate over rates, access and downtown recovery </strong> </p> <p> <br/> </p> <p> <span> Proposed changes to downtown parking rates drew sharp debate during a Downtown Santa Monica, Inc. (DTSM) board meeting last week, where city staff and consultants outlined a plan to simplify the pricing structure and raise revenue, while business leaders raised concerns about affordability, access and long-term revitalization... </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smdp.com/business/proposed-parking-overhaul-sparks-debate-over-rates-access-and-downtown-recovery/" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/joann-5c2055ad.jpg" alt="The front of a joann handmade happiness store."/> </div> <div data-rss-type="text"> <p> <strong> Open for Business: Available retail space hits recent high </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> Though new construction of retail real estate space continues to remain at low levels, space availability received an adrenaline shot in the first quarter of 2025... </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/open-business-available-retail-space-hits-recent-high?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGaaBKRJC4f-n7qJ6Bu7C-in6TyhQcP_eX7LniNRxIr2v6UG88JmfpVa0OxuoexrN0hznJsJ-SukVEFRgaSZyDJeVLHhmKpWJL3wCKaGyXWcGNY" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/aldi.jpg" alt="The front of an aldi store with a sign in front of it."/> </div> <div data-rss-type="text"> <p> <strong> Aldi acquires three former Big Lots locations — here’s where </strong> </p> <p> <span> <br/> </span> </p> <p> <span> A fast-growing discount grocer has acquired three former Big Lots locations to continue its expansion... <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2025-05-14?article=aldi-acquires-three-former-big-lots-locations-heres-where" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/img_3684.jpg" alt="A store filled with lots of clothes and mannequins."/> </a> </div> <div data-rss-type="text"> <p> <strong> First Look: Uniqlo continues U.S. expansion in California </strong> <span> <br/> </span> </p> <p> <span> <br/> </span> </p> <p> <span> Uniqlo’s North American expansion is heating up in the Golden State.  </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The global apparel retailer, part of Japan’s Fast Retailing Co., recently opened in Brea Mall, Brea, Calif. The new location, which spans 8,493 sq. ft., is Uniqlo’s 25th store in the state and 14th location in Southern California... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/first-look-uniqlo-continues-us-expansion-california?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGacmNKJvPk6vSKaxXpgqUoB_hRi3FVfWTEPKBIvH-vzICwJChKzd-KPttK1XZG06--vjZeVfIWSHoWsFFFwGZPXdQ1vLrf8EM6DL6ayv8mgKZs" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/foot_locker.jpg" alt="The front of a foot locker store with a man on it"/> </a> </div> <div data-rss-type="text"> <p> <strong> Foot Locker to be acquired by Dick's Sporting Goods for $2.4 billion </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Dick’s Sporting Goods is buying Foot Locker in a move that will give Dick's a global footprint for the first time and significant weight in negotiating with athletic powerhouse brands such as Nike and Adidas... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/foot-locker-be-acquired-dicks-sporting-goods-24-billion?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_BreakingNews&amp;mkt_tok=ODI1LUxTUC01NDUAAAGacyseUmIDYfrjhKAnaETGJB-pDrOG6HaJMt0kTjt_SP7TfWzmHIBNM5Su1FGB4XEC_flFaUzxuvVqwrRT7OClFZSF-H-KK9dte3plSQjGnPWi" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-05-19+at+4.03.01-PM.png" alt="A picture of a denny 's diner that says breakfast is cancelled"/> </a> </div> <div data-rss-type="text"> <p> <strong> Jack In the Box, Applebee’s &amp; Denny’s dominating closures in 2025 as restaurants struggle to stay afloat <br/> <br/> </strong> <span> CLOSURES have been hitting the restaurant industry hard in 2025 already, with the likes of Jack In the Box, Applebee's and Denny's dominating the list of shut downs... </span> <strong> <br/> </strong> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.the-sun.com/money/14195584/restaurant-closures-jackinthebox-dennys-applebees/" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/montaje-de-fotos-de-kfc-con-hombre-sorprendido-en-primer-plano_1600_1067.webp" alt="A man is standing in front of a kfc and popeyes restaurant."/> </a> </div> <div data-rss-type="text"> <p> <strong> Goodbye KFC and Popeyes: United States prepares for a new fried chicken kingas expansion continues </strong> <span> <br/> </span> </p> <p> <span> <br/> </span> </p> <p> <span> Pollo Campero, the Guatemalan chain with more than 40 years of tradition, keeps growing in the United States. Its goal is clear: dethrone giants like KFC and Popeyes from the fried chicken throne. With each new opening, the brand gets closer to this challenge. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://edatv.news/en/consumer-affairs/goodbye-kfc-and-popeyes-united-states-prepares-for-new-fried-chicken-king" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> Fri, 16 May 2025 23:08:29 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-may-16-2025 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-may-9-2025 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/rite-aid.png" alt="An aerial view of the unintended consequences of measure ula"/> </a> </div> <div data-rss-type="text"> <p> <strong> Rite Aid To Close All Stores: See Full List of Locations </strong> </p> <p> <span> <br/> </span> </p> <p> <span> 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. The closures mark the final phase in a process that began with the company filing for Chapter 11 bankruptcy protection in October 2023, amid mounting debt and hundreds of lawsuits over its alleged role in the opioid crisis... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.newsweek.com/rite-aid-stores-closing-locations-list-2069454" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/PandaExpressEmployee.png" alt="A man and woman are shaking hands with a car dealer in a car showroom."/> </div> <div data-rss-type="text"> <p> <strong> Panda Express, Off Another Solid Growth Year, Appears Ready for More </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Given its heavy corporate footprint and family-owned roots, Panda Express has long been one of the category’s under-the-radar growth stories. But that’s been steadily ramping up in recent years, with plans to hit another level in 2025. </span> </p> <p> <br/> </p> <p> <span> The 1983-founded brand grew by a net 89 restaurants last year to reach 2,502, according to its recent FDD. That was a material step-up from 61 in 2023 and 53 the year prior... </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/panda-express-off-another-solid-growth-year-appears-ready-for-more/?spMailingID=155025&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=155025" target="_blank"> Read Full Article... </a> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_1770987758.png" alt="A group of people are standing outside of a barnes &amp; noble store."/> </a> </div> <div data-rss-type="text"> <p> <strong> Bob’s Discount Furniture to open 20 new stores in 2025 — here’s where </strong> </p> <p> <span> <br/> Bob’s Discount Furniture is expanding into the Southeast as part of its 2025 growth strategy. </span> </p> <p> <br/> </p> <p> <span> The fast-growing furniture retailer plans to open 20 new stores this year as it continues to expand its footprint. The locations will include six stores in North Carolina, marking Bob’s entry into the Southeast. The North Carolina expansion will include Bob’s 200th store.... </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/bobs-discount-furniture-open-20-new-stores-2025-heres-where?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Z3M6Ly9kaXZlc2l0ZS1zdG9yYWdlL2Rp.png" alt="Three people are sitting on a stage at a shoptalk event"/> </div> <div data-rss-type="text"> <p> <strong> Rite Aid blames latest bankruptcy on retail operations </strong> <span> <br/> </span> </p> <p> <br/> </p> <p> <span> For its 2023 bankruptcy, which ended last fall, Rite Aid blamed macroeconomic factors and business challenges arising from the pandemic. For its 2025 bankruptcy, which commercial Monday, the drugstore chain says its front-of-store retail operations are largely at fault. </span> </p> <p> <br/> </p> <p> <span> In a letter sent to vendors this week, the company said it has “generally stopped purchasing goods and services,” except those that will get it through its latest bankruptcy... </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.retaildive.com/news/rite-aid-latest-bankruptcy-retail-operations-debt/747317/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Issue:%202025-05-07%20Retail%20Dive%20Newsletter%20%5Bissue:72932%5D&amp;utm_term=Retail%20Dive" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/skechers.png" alt="The front of a rite aid store with a sign on it."/> </div> <div data-rss-type="text"> <p> <strong> Skechers to go private in $9.4B deal </strong> <strong> <br/> </strong> </p> <p> <span> <br/> </span> </p> <p> <span> 3G Capital is paying $63 per share in cash, which analysts say represents a bet that the footwear sector will be profitable in the long term despite tariffs. </span> </p> <p> <br/> </p> <p> <strong> Dive Brief: </strong> </p> <ul> <li> <span> Skechers has agreed to be acquired by 3G Capital and will cease trading on the New York Stock Exchange upon completion of the deal, according to a press release Monday... <br/> </span> </li> </ul> </div> <div data-rss-type="text"> <p> <a href="https://www.retaildive.com/news/skechers-acquired-3g-capital-go-private-deal/747148/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Issue:%202025-05-06%20Retail%20Dive%20Newsletter%20%5Bissue:72892%5D&amp;utm_term=Retail%20Dive" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CosMcfront.png" alt="A variety of fruits and vegetables are displayed in a grocery store."/> </div> <div data-rss-type="text"> <p> <strong> McDonald’s to Test CosMc’s Beverages in Existing Restaurants </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> When McDonald’s debuted its beverage spin-off CosMc’s in December 2023 to lines four hours deep, it always felt like a larger play could be at work. There wasn’t a ton of mystery for why McDonald’s made a drinks-focused move—the specialty beverage category was tagged a $100 billion opportunity, and one cracked open in recent years by cold innovation. And just from a demographic tilt, per Circana, Gen Z made nearly 5 billion restaurant visits in the 12 months ending July 2022. About 4.3 billion of those went to quick service. The group hasn’t exactly lost spending power since... </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/mcdonalds-to-test-cosmcs-beverages-in-existing-restaurants/?spMailingID=154674&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=154674" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/tacobellrestaurant-1.png" alt="A blue building with the word ikea on it."/> </div> <div data-rss-type="text"> <p> <strong> Yum! Brands Rides Taco Bell Value Wins, Accelerates Brand Spinoffs  </strong> </p> <p> <span> <br/> </span> </p> <p> <span> In a time when many quick-service chains are feeling the strain of a punishing consumer environment, Taco Bell is seemingly stronger than ever. U.S. same-store sales rose 9 percent in the latest quarter, the chain’s best performance in two years. International comps were up 3 percent. </span> </p> <p> <br/> </p> <p> <span> “I know this is a tough operating environment for everybody else in the industry. It’s just probably an environment that favors Taco Bell,” CEO David Gibbs said on Wednesday’s earnings call.... </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/yum-brands-rides-taco-bell-value-wins-accelerates-brand-spinoffs/?spMailingID=154547&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=154547" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/unnamed-3-750x375.png" alt="A big lots store with a blue sky in the background"/> </a> </div> <div data-rss-type="text"> <p> <strong> As academics argue over minimum wage impact, business owners say the cost is wearing them down </strong> <span> <br/> </span> </p> <p> <br/> </p> <p> <span> Controversy continues to swirl around California’s minimum wage requirements with a recent study prompting a counter study from academic circles and business owners doubling down on criticism of the rules as destructive to their industry. </span> </p> <p> <br/> </p> <p> <span> While economist Christopher Thornberg's March 2025 analysis claimed the Fast Act resulted in over 23,100 lost jobs across the industry, a new academic study is challenging those findings and suggesting the law's impact has been minimal... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smdp.com/business/as-academics-argue-over-minimum-wage-impact-business-owners-say-the-cost-is-wearing-them-down/?mdstkn=sYLuT6x8%2FzGJgqVaW8irdUNTjrNVE5LGtCsqVlciJpasvJ48rKBZuYLfyo1FBTYeuXDxJRIm5NPFQ40L5w1Rs97RoZ9rBaI9GoN4A1sn3RSSyB271ZZLaRCGrODZWunrrMlwZObvStGmqAy9%2F1G4tcZnElsOqQxQpB3wFT4ZGggQQAVmZwDZhgFOdCYvNBlZ" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE-Daily-Briefs-Images-64-1-png.png" alt="A big lots store with a blue sky in the background"/> </a> </div> <div data-rss-type="text"> <p> <strong> Restaurants Fuel Retail Boom with Nearly 3,000 New Openings </strong> </p> <p> <span> <br/> </span> </p> <p> <strong> A Big Appetite For Dining Out </strong> </p> <p> <span> Restaurants are the leading force behind retail store openings so far this year, comprising almost 40% of the 7,770 announced US retail locations, reports Globe St. </span> </p> <p> <br/> </p> <p> <span> Quick service chains like McDonald’s, Chipotle, Wingstop, and Dutch Bros are among the top contributors to this surge, signaling a robust consumer preference for fast and casual dining options... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/restaurants-fuel-retail-boom-with-nearly-3000-new-openings/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=austin-s-growth-leaves-lowest-income-households-behind" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/ADKq_NbnC8okURGXORTO6T8dZBf0TwU5.png" alt="A big lots store with a blue sky in the background"/> </a> </div> <div data-rss-type="text"> <p> <strong> Walgreens Is Closing 1,200 Stores – Here’s How to Check If Yours Is on the Shutdown List </strong> <span> <br/> </span> </p> <p> <br/> </p> <p> <span> Walgreens, one of the nation’s largest pharmacy chains, is set to close 1,200 stores across the U.S. over the next three years. This sweeping move affects about 13% of its total locations and marks one of the biggest pharmacy closures in recent memory. </span> </p> <p> <br/> </p> <p> <span> It’s all part of a broader restructuring strategy aimed at boosting profitability and adapting to shifting consumer habits. Walgreens leadership cited financial pressure and changing market trends as the key reasons behind the decision... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://otenews.com/walgreens-is-closing-1200-stores-heres-how-to-check-if-yours-is-on-the-shutdown-list/#google_vignette" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/chicken_salad_chick.png" alt="A big lots store with a blue sky in the background"/> </a> </div> <div data-rss-type="text"> <p> <strong> Chicken Salad Chick hits 300 locations as expansion continues </strong> <span> <br/> </span> </p> <p> <br/> </p> <p> <span> Chicken Salad Chick has reached a new store count milestone. </span> </p> <p> <br/> </p> <p> <span> The fast-casual chicken salad chain opened its 300th restaurant with a new location in Melbourne, Fla., a city on the state’s Atlantic coast. The opening follows robust growth for Chicken Salad Chicken, which opened 37 new locations in 2024, followed by 21 so far in 2025. It plans to open 47 locations in total this year... </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/chicken-salad-chick-hits-300-locations-expansion-continues?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_Weekend" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> Fri, 09 May 2025 21:13:25 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-may-9-2025 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-may-2-2025 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/1.png" alt="An aerial view of the unintended consequences of measure ula"/> </a> </div> <div data-rss-type="text"> <p> <strong> Pacific Coast Highway affected by flooding, debris </strong> </p> <p> <span> <br/> </span> </p> <p> <span> 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. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://malibutimes.com/pacific-coast-highway-fully-closed-due-to-debris-no-estimated-time-of-reopening" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/2.png" alt="A man and woman are shaking hands with a car dealer in a car showroom."/> </div> <div data-rss-type="text"> <p> <strong> DTSM Board urges caution on alcohol-allowed Promenade plan </strong> </p> <p> <span> <br/> </span> </p> <p> <span> As Santa Monica’s City Council moves to create a permanent entertainment zone allowing open-container alcohol consumption along the Third Street Promenade, members of the Downtown Santa Monica, Inc. (DTSM) board has raised serious concerns about security, enforcement and cost. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smdp.com/business/dtsm-board-urges-caution-on-alcohol-allowed-promenade-plan/" target="_blank"> Read Full Article... </a> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/3.png" alt="A group of people are standing outside of a barnes &amp; noble store."/> </a> </div> <div data-rss-type="text"> <p> <strong> Open Alcohol Consumption on 3rd Street Promenade Could be Allowed by Summer </strong> </p> <p> <span> <br/> Santa Monica officials are advancing a plan to allow open alcohol consumption seven days a week on the city’s Third Street Promenade in an effort to boost economic recovery and revitalize the downtown area. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smmirror.com/2025/04/open-alcohol-consumption-on-3rd-street-promenade-could-be-allowed-by-summer/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/4.png" alt="Three people are sitting on a stage at a shoptalk event"/> </div> <div data-rss-type="text"> <p> <strong> Burlington on lease-buying spree — to assume 45 Joann leases </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Burlington Stores is capitalizing on the demise of bankrupt Joann to grow its footprint. The off-price retailer won the lease assignments of 45 Joann store locations, according to a court filing.  </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2025-04-30?article=burlington-lease-buying-spree-assume-45-joann-leases" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/5.png" alt="The front of a rite aid store with a sign on it."/> </div> <div data-rss-type="text"> <p> <strong> Is Burger King’s Massive Remodel Plan Working? </strong> <strong> <br/> </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Burger King has been clear about the company’s urgency to modernize. It even built a 40,000-square-foot “Royal Innovation Center,” complete with a life-sized “Sizzle” prototype at the center.  </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/is-burger-kings-massive-remodel-plan-working/?spMailingID=154039&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=154039" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/6.png" alt="A variety of fruits and vegetables are displayed in a grocery store."/> </div> <div data-rss-type="text"> <p> <strong> Cargo Slowdown Threatens Warehouse Demand and Retail Inventories </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> The sharp slowdown in cargo shipments from China, triggered by the Trump administration’s imposition of 145% tariffs, is poised to reverberate through the U.S. commercial real estate sector, particularly in industrial and retail spaces.  </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://textfrom.website/https://www.globest.com/2025/04/29/cargo-slowdown-threatens-warehouse-demand-and-retail-inventories/?kw=Cargo%20Slowdown%20Threatens%20Warehouse%20Demand%20and%20Retail%20Inventories&amp;utm_position=1&amp;utm_source=email&amp;utm_medium=enl&amp;utm_campaign=nationalamalert&amp;utm_content=20250429&amp;utm_term=rem&amp;enlcmp=nltrplt4&amp;user_id=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/7.png" alt="A blue building with the word ikea on it."/> </div> <div data-rss-type="text"> <p> <strong> Big Lots to reopen 132 stores in May — here are the locations </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Big Lots continues its store comeback under its new owners. The discounter will reopen 132 stores across 14 states in May, with the first wave on May 1 and a second on May 15. North Carolina, Ohio and Pennsylvania lead the list with the most reopenings. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/big-lots-reopen-132-stores-may-here-are-locations?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/8.png" alt="A big lots store with a blue sky in the background"/> </a> </div> <div data-rss-type="text"> <p> <strong> Aldi introduces itself to Las Vegas and gets ready to add 14 stores in Florida </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Aldi plans to open more than 225 stores in 2025, marking the most store openings in a single year for the German discount grocer. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/new-stores/aldi-introduces-itself-to-las-vegas-and-gets-ready-to-add-14-stores-in-florida?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_04252025&amp;utm_campaign=65100&amp;utm_medium=email&amp;elq2=02ce351a0c1647dda1c769210917cbc2&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/9.png" alt="A big lots store with a blue sky in the background"/> </a> </div> <div data-rss-type="text"> <p> <strong> Rite Aid is considering another bankruptcy </strong> </p> <p> <span> <br/> </span> </p> <p> <span> The retail pharmacy is reportedly considering filing for another bankruptcy as it attempts to get back on its feet after years of financial complications, according to the Wall Street Journal. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.healthcare-brew.com/stories/2025/04/24/rite-aid-considering-another-bankruptcy" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/10.png" alt="A big lots store with a blue sky in the background"/> </a> </div> <div data-rss-type="text"> <p> <strong> Walmart bets that free Burger King will continue to drive memberships </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Walmart is betting that consumers will consider signing up for its premium membership tier in order to get free food. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/foodservice-retail/walmart-bets-that-free-burger-king-will-continue-to-drive-memberships?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_04302025&amp;utm_campaign=65224&amp;utm_medium=email&amp;elq2=78d2f46a8d3d4b2da6175d1661749e4a&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/11.png" alt="A big lots store with a blue sky in the background"/> </a> </div> <div data-rss-type="text"> <p> <strong> Tariffs and Tax Refunds Drive Surge in Retail Foot Traffic </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Retail foot traffic rose 6.1% year-over-year for the week ending April 20, fueled by rising tax refunds, pre-tariff buying, and the Easter holiday. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/tariffs-and-tax-refunds-drive-surge-in-retail-foot-traffic/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=multifamily-dominates-2024-lending-activity" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/12.png" alt="A big lots store with a blue sky in the background"/> </a> </div> <div data-rss-type="text"> <p> <strong> Smoothie King expansion on track with strong Q1 growth </strong> </p> <p> <span> <br/> </span> </p> <p> <span> After opening its 1,200th store last year, Smoothie King is showing no signs of slowing down its expansion. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2025-04-24?article=smoothie-king-expansion-track-strong-q1-growth" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> Fri, 02 May 2025 20:30:35 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-may-2-2025 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-april-25-2025 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/DSC_0118-1140x570.jpg" alt="An aerial view of the unintended consequences of measure ula"/> </a> </div> <div data-rss-type="text"> <p> <strong> Council wants Downtown entertainment zone to be ‘bigger, broader better’ </strong> </p> <p> <span> <br/> </span> </p> <p> <span> 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. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smdp.com/business/council-wants-downtown-entertainment-zone-to-be-bigger-broader-better/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/shutterstock_2511124723.jpg" alt="A man and woman are shaking hands with a car dealer in a car showroom."/> </div> <div data-rss-type="text"> <p> <strong> After people mover falters, Inglewood pivots to backup plan for stadium connection </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Last year, opposition from the owners of the Clippers and Rams dealt what appeared to be a fatal blow to plans for a $2.4-billion automated people mover system connecting the K Line with SoFi Stadium and Intuit Dome. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://la.urbanize.city/post/after-people-mover-falters-inglewood-pivots-backup-plan-stadium-connection" target="_blank"> Read Full Article... </a> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/deltacobuilding.jpg" alt="A group of people are standing outside of a barnes &amp; noble store."/> </a> </div> <div data-rss-type="text"> <p> <strong> Jack in the Box Mulls Selling Del Taco, Plans Hundreds of Store Closures </strong> </p> <p> <span> <br/> The quick-service giant announced plans—officially called “JACK on Track”—to close 150 to 200 restaurants (mostly franchised units) and consider selling Del Taco.  </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/jack-in-the-box-mulls-selling-del-taco/?spMailingID=153360&amp;puid=2594436&amp;E=2594436" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE-Daily-Briefs-Images-46-png.jpg" alt="Three people are sitting on a stage at a shoptalk event"/> </div> <div data-rss-type="text"> <p> <strong> Why Brand Loyalty Drives Consumers to Pay More </strong> </p> <p> <span> <br/> </span> </p> <p> <span> According to the study conducted by UserTesting in partnership with Talker Research, more than two-thirds of consumers across three major markets—the U.S., UK, and Australia—demonstrate a strong preference for familiar brands. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/why-brand-loyalty-drives-consumers-to-pay-more/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/d485de2c42df85223dc3d528118356ec.png" alt="The front of a rite aid store with a sign on it."/> </div> <div data-rss-type="text"> <p> <strong> Rite Aid Faces Second Bankruptcy in Less Than a Year After Closing 800 Stores </strong> <strong> <br/> </strong> </p> <p> <br/> </p> <p> <span> Rite Aid Corp. is again on shaky financial ground, with reports indicating the drugstore chain is edging closer to a second bankruptcy less than a year after emerging from Chapter 11. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://finance.yahoo.com/news/rite-aid-faces-second-bankruptcy-235020867.html" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/unnamed.png" alt="A variety of fruits and vegetables are displayed in a grocery store."/> </div> <div data-rss-type="text"> <p> <strong> Chicken Salad Chick begins New Orleans expansion </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> Chicken Salad Chick is continuing to grow its footprint into new areas. The fast-casual chicken salad restaurant concept will open its first restaurant in the New Orleans metro region on April 22. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/chicken-salad-chick-begins-new-orleans-expansion?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/unnamed+%281%29.png" alt="A blue building with the word ikea on it."/> </div> <div data-rss-type="text"> <p> <strong> Spot Funding Helps Small Retailers Open Faster </strong> </p> <p> <span> <br/> </span> </p> <p> <span> According to a new report from property management firm Datex, it took landlords an average of 124 days to lease retail spaces in 2024—up 28% year-over-year.  </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/spot-funding-helps-small-retailers-open-faster/" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/unnamed+%282%29.png" alt="A big lots store with a blue sky in the background"/> </a> </div> <div data-rss-type="text"> <p> <strong> Walmart, Amazon, Aldi, Costco make NRF’s Top 50 Global Retailers list </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Grocery retailers dominated the National Retail Federation’s Top 50 Global Retailers list, with Walmart taking the top spot. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/finance/walmart-amazon-aldi-costco-make-nrf-s-top-50-global-retailers-list?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_04232025&amp;elq2=6e5220ee473549958bf20cc9d07c6dac&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> Fri, 25 Apr 2025 22:34:12 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-april-25-2025 thumbnail main image https://www.marcperlof.com/com/weekly-perl-a-commercial-real-estate-news-recap-april-18-2025 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-04-24+at+3.03.21-PM.png" alt="An aerial view of the unintended consequences of measure ula"/> </a> </div> <div data-rss-type="text"> <p> <strong> The Unintended Consequences of Measure ULA </strong> </p> <p> <span> <br/> </span> </p> <p> <span> 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%. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.lewis.ucla.edu/research/the-unintended-consequences-of-measure-ula/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_398901460.jpg" alt="A man and woman are shaking hands with a car dealer in a car showroom."/> </div> <div data-rss-type="text"> <p> <strong> Total retail sales rise 1.4% in March as consumers rush to beat tariffs </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Consumer spending was stronger than expected in March, fueled by surging auto-related sales as consumers looked to get ahead of potential tariff-related price increases.  </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/total-retail-sales-rise-14-march-consumers-rush-beat-tariffs?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGZ4iy7Kwnt15Bk0KUjk44wpT6G5K3Etqsp__tUvDsz-FGKHKfxzFwvtASE408wM8-FI5o9tM3Y1eSkgfBszHOq6VXqwTCZVsdFF4KfeBA58q0n" target="_blank"> Read Full Article... </a> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/celebrations_release_image.jpg" alt="A group of people are standing outside of a barnes &amp; noble store."/> </a> </div> <div data-rss-type="text"> <p> <strong> Michaels looks to fill void left by Party City; expands balloons, party supplies </strong> </p> <p> <span> <br/> </span> <span> In the wake of the demise of Party City, Michaels is positioning itself as a one-stop destination for all things parties related. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/michaels-looks-fill-void-left-party-city-expands-balloons-party-supplies?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGZ4iy7LI_RQsq25-Q0Ugc57Ueis5bvl1JCn0odhSc2TGjzMbTagj213LUIheb_K501Z7yAanTx-igAeRau4MuBhlDW74PWlSIuz9A1eWXjeQop" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/HDC_1990.webp" alt="Three people are sitting on a stage at a shoptalk event"/> </div> <div data-rss-type="text"> <p> <strong> How retailers are connecting with younger shoppers </strong> </p> <p> <span> <br/> </span> </p> <p> <span> From Sephora embracing its status as a Gen Alpha “playground” to Coach’s Gen Z-focused store concept, retailers are leaning in. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.retaildive.com/news/retailers-connecting-gen-z-gen-alpha-shoppers-foot-locker-coach-sephora/745172/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Issue:%202025-04-16%20Retail%20Dive%20Newsletter%20%5Bissue:72287%5D&amp;utm_term=Retail%20Dive" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/rite_aid.jpg" alt="The front of a rite aid store with a sign on it."/> </div> <div data-rss-type="text"> <p> <strong> Rite Aid reportedly considering filing for bankruptcy — again </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> Rite Aid is reportedly looking at its options. </span> </p> <p> <span> The retail pharmacy chain is considering filing for bankruptcy for the second time in less than two years or selling some (or all) of its operations after its recent financial restructuring failed to put the company on “a sustainable path,” reported the  </span> <a href="https://www.wsj.com/articles/rite-aid-weighs-repeat-bankruptcy-filing-73d0641a" target="_blank"> Wall Street Journal </a> <span> . </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2025-04-07?article=rite-aid-reportedly-considering-filing-bankruptcy-again" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/sn-2025-PL-9.webp" alt="A variety of fruits and vegetables are displayed in a grocery store."/> </div> <div data-rss-type="text"> <p> <strong> The 2025 SN Power List: meet the emerging power players in U.S. grocery </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> The $870 billion U.S. grocery industry is evolving faster than ever, driven by shifting consumer habits, technological advancements, and fierce competition. In our inaugural Power List, Supermarket News highlights the players, concepts, and tech shaping the future of food retail.  </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/company-news/the-2025-sn-powerlist-meet-the-emerging-power-players-in-u-s-grocery?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_04072025&amp;utm_campaign=64747&amp;utm_medium=email&amp;elq2=98cc2e01ad0b418bbbd318b3d2c1270e&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/ikea.jpg" alt="A blue building with the word ikea on it."/> </div> <div data-rss-type="text"> <p> <strong> Ikea expanding in Texas with three smaller-format locations </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Ikea is targeting the Lone Star State for expansion. <span>  </span> </span> </p> <p> <span> The Swedish home furnishings giant is building a smaller-format, or “city store,” at The Shops at Park Lane, in midtown Dallas. In addition to the Dallas location, Ikea has two other smaller-format stores in the works in Texas, including a 35,000-sq.-ft. outpost that will open this spring at San Mar Plaza in San Marcos, and one in Rockwell, which is scheduled to open in December.  </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2025-04-14?article=ikea-expanding-texas-three-smaller-format-locations" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download-5eb7d7b3.webp" alt="A big lots store with a blue sky in the background"/> </a> </div> <div data-rss-type="text"> <p> <strong> Prada agrees to buy rival fashion house Versace in a deal valued at $1.4 billion </strong> </p> <p> <span> <br/> </span> </p> <p> <span> ROME (AP) —  </span> <a href="https://apnews.com/hub/miuccia-prada" target="_blank"> The Prada Group </a> <span>  announced a deal Thursday to buy crosstown Milan fashion rival Versace from the U.S. luxury group Capri Holdings under terms that values one of the most recognizable names in Italian fashion at 1.25 billion euros ($1.4 billion). </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://apnews.com/article/prada-versace-capri-italy-us-9bef87f68bd80f00d379d4b3628f60ad?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=tariffs-cloud-office-market-s-long-awaited-comeback&amp;_bhlid=1c447b85b065bea18536691820bad29d1ee8985d" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE-Daily-Briefs-Images-9-3-png.webp" alt="An empty store with a parking lot in front of it"/> </a> </div> <div data-rss-type="text"> <p> <strong> Sam’s Club Ramps Up US Expansion With 15 New Stores a Year </strong> <strong> <br/> <br/> </strong> </p> <p> <span> IAmid economic uncertainty, Sam’s Club is betting big on value—expanding its store count and upgrading its entire US footprint. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/sams-club-ramps-up-us-expansion-with-15-new-stores-a-year/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=multifamily-demand-defies-economic-headwinds-in-early-2025&amp;_bhlid=b7586bf21ea853827f766d8fc0d7ca45e6b24028" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE-Daily-Briefs-Images-16-1-png.webp" alt="A lot of cars are parked in front of a building"/> </a> </div> <div data-rss-type="text"> <p> <strong> Low Retail Availability Could Cushion Tariff Impacts on Real Estate </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> Near-record low availability could help retail absorb tariff pressures, with apparel most exposed to import duties. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/low-retail-availability-could-cushion-tariff-impacts-on-real-estate/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=multifamily-demand-defies-economic-headwinds-in-early-2025&amp;_bhlid=78a81e1d5036253a0bf5d933d09bdcce5c5f9c06" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download-6537ec59.jpeg" alt="A gas station with a red and white sign that says meter time"/> </a> </div> <div data-rss-type="text"> <p> <strong> Wawa, Kwik Trip plan expansions as convenience stores race to bulk up </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> Wawa eyes western Virginia for expansion, Kwik Trip aims for North Dakota </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1504215456/wawa-kwik-trip-plan-expansions-as-convenience-stores-race-to-bulk-up?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p8&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc0NDg5NzkwMn0.On4DRFYG8B6TY9L_leX7GjNzaVeFUmX71lVkl3xeRe8" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE-Daily-Briefs-Images-28-png.webp" alt="An aerial view of a shopping mall filled with people"/> </a> </div> <div data-rss-type="text"> <p> <strong> Retail Resilience: Five Years After the Pandemic Disruption </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> Five years after COVID lockdowns upended retail, brick-and-mortar has not only rebounded but regained its central role. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/retail-resilience-five-years-after-the-pandemic-disruption/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=multifamily-buyer-seller-confidence-ticks-up-despite-policy-uncertainty&amp;_bhlid=f52fe028c69906b99eb05eadae295ca075a82770" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> Fri, 18 Apr 2025 21:13:01 GMT https://www.marcperlof.com/com/weekly-perl-a-commercial-real-estate-news-recap-april-18-2025 thumbnail main image https://www.marcperlof.com/com/weekly-perl-a-commercial-real-estate-news-recap-april-11-2025 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/exit_trusses_0-fb2d7c41.jpg" alt="A large store with a lot of blue signs and a black barrier."/> </a> </div> <div data-rss-type="text"> <p> <strong> Sam’s Club in big store remodeling and expansion move </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Sam’s Club is ramping up its expansion along with its investments in existing stores. </span> <span> <span>  </span> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/sams-club-big-store-remodeling-and-expansion-move?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGZviBqoblLUJKz6RF9F258TRWzyp2f7LGiZ7DvC_Aeb4CT28Pw5DRtjJ5gTHtPuI2tRrlfUaRHGERyv87JNnV3IAtlk5x-LbsknYKnXg1rkq_O" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/elpollolocorestaurant.jpg" alt="A pollo loco restaurant with a famous fire grilled chicken menu."/> </div> <div data-rss-type="text"> <p> <strong> Activist Investor Sardar Biglari Wants to Buy El Pollo Loco </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Steak ‘n Shake owner Sardar Biglari wants to buy El Pollo Loco. </span> </p> <p> <span> The activist investor, who already owns 15.1 percent of El Pollo Loco through his investment firm Biglari Capital Corp., sent an unsolicited, non-binding indication of interest to buy the rest of the shares it doesn’t already own. If successful, the deal would give Biglari full control of El Pollo Loco and likely result in the company going private. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/activist-investor-sardar-biglari-wants-to-buy-el-pollo-loco/?spMailingID=151090&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=151090" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/books-barnes-and-nobles-grand-return-to-the-third-street-promenade-was-a-well-attended-wednesday-morning-photo-by-thomas-leffler-750x375.webp" alt="A group of people are standing outside of a barnes &amp; noble store."/> </div> <div data-rss-type="text"> <p> <strong> Santa Monica Council OKs measures to boost downtown business </strong> </p> <p> <span> <br/> </span> <span> The Santa Monica City Council unanimously approved zoning amendments at their last meeting aimed at revitalizing the city's downtown business district by easing restrictions on community spaces and standardizing digital signage rules. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smdp.com/business/santa-monica-council-oks-measures-to-boost-downtown-business/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Karen-Bass-housing-construction-credit-Getty-Images.webp" alt="A woman is standing next to a picture of a building under construction."/> </div> <div data-rss-type="text"> <p> <strong> L.A.’s ‘Mansion Tax’ Causes Steep Drop in Commercial Sales: UCLA </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Los Angeles’ controversial “mansion tax” has generated far less revenue than predicted largely because it’s also driving a serious decline in sales volume across the city, according to a new study by the  </span> <a href="https://commercialobserver.com/company/university-of-california-los-angeles/" target="_blank"> <strong> University of California Los Angeles </strong> </a> <span> . </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://commercialobserver.com/2025/04/measure-ula-ucla-los-angeles-investment/?utm_source=sailthru&amp;utm_medium=email&amp;utm_campaign=dailyla&amp;utm_term=04/03/2025" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/SantaMonicaPlace_Walkway_Dusk_FreePeople_Tonal-750x375.webp" alt="A group of people are walking down a sidewalk in front of a building that says tonal on it."/> </div> <div data-rss-type="text"> <p> <strong> New managers for Santa Monica Place, Prism Places, hopes to shine a positive light on troubled property </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> Prism Places, a commercial real estate management firm with $2.8 billion in assets under management, has been appointed to manage the struggling Santa Monica Place shopping center, the company announced Thursday. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smdp.com/business/new-managers-for-santa-monica-place-prism-places-hopes-to-shine-a-positive-light-on-troubled-property/" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Store_Openings_March_2025.webp" alt="A map of the united states with a lot of coins on it"/> </div> <div data-rss-type="text"> <p> <strong> Walgreens shutters over a dozen stores in San Francisco Bay Area </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> March was another big month for dollar stores across the U.S., with Dollar General again leading the pack opening 60 new locations, according to the monthly  </span> <span> Supermarket News </span> <span>  store map. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/new-stores/walgreens-shutters-over-a-dozen-stores-in-san-francisco-bay-area?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_04102025&amp;utm_campaign=64823&amp;utm_medium=email&amp;elq2=f3fce75afe53404a9d1f314ae2b6487c&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CRE-Daily-Briefs-Images-2-1-png.webp" alt="A zara store is located on the corner of a city street."/> </div> <div data-rss-type="text"> <p> <strong> Zara Bets Big on Union Square With New Flagship Store </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Zara will shut its current Union Square location and open a new flagship at 400 Post St.—twice the size—reviving the area’s retail scene. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/zara-bets-big-on-union-square-with-new-flagship-store/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=amazon-seeks-partners-for-15b-warehouse-expansion-program&amp;_bhlid=0a6c3ebf0f6c1c8087f61d22072b88f2bc47dde0" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Copy-of-Article-Images-10-png.webp" alt="A big lots store with a blue sky in the background"/> </a> </div> <div data-rss-type="text"> <p> <strong> Big Lots Begins Reopening Spree With 9 Stores in 6 States </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Variety Wholesalers is relaunching the first of 219 Big Lots stores this week, marking the start of a major retail comeback after the chain’s 2024 bankruptcy. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/big-lots-begins-reopening-spree-with-9-stores-in-6-states/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=banks-begin-scrubbing-legacy-cre-debt&amp;_bhlid=fc34ff018a16c03520ef85ab72041450b298fea1" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/tariffs-video-17-3-25-1024x621.jpg" alt="A stack of gold coins next to the word tariffs."/> </a> </div> <div data-rss-type="text"> <p> <strong> This Expert Thinks CRE Will Be a Safe Harbor Amid Tariff Turmoil </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> In the wake of the sweeping tariffs announced by the Trump Administration on April 2, commercial real estate may emerge as a safe harbor for investors navigating an increasingly volatile economic landscape. Manus Clancy, head of data strategy at LightBox, makes a compelling case for why CRE could outperform other asset classes during this period of uncertainty. His analysis, coupled with recent data from LightBox’s CRE Activity Index, paints a picture of resilience within the sector. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.globest.com/2025/04/08/this-expert-thinks-cre-will-be-a-safe-harbor-amid-tariff-turmoil/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=banks-begin-scrubbing-legacy-cre-debt&amp;_bhlid=18b83570e2a120220efc6075c0e1cedeac782e3f" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/An_Aldi_sign_on_the_left_and_a_Dollar_General_sign_on_the_right.webp" alt="The logos for aldi and dollar general are next to each other."/> </a> </div> <div data-rss-type="text"> <p> <strong> Aldi, Dollar General shoppers spend more at store than Dollar Tree </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> Shoppers at Aldi and Dollar General spend twice as much as those who frequent Dollar Tree, according to the latest data from Numerator. </span> </p> <p> <span> Even though consumers spend more at Dollar General and Aldi, 79% of U.S. shoppers shop at Dollar Tree, compared to 60% at Dollar General and 47% at Aldi, Numerator’s Retailer, Restaurant &amp; Brand Snapshots report found.  </span> <span> <span>  </span> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/grocery-trends-data/aldi-dollar-general-shoppers-spend-more-at-store-than-dollar-tree?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_04082025&amp;utm_campaign=64765&amp;utm_medium=email&amp;elq2=e334a1807510456f8ff1ae04f23c61f6&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download-46280014.jpeg" alt="An aerial view of a best buy store with cars parked in front of it"/> </a> </div> <div data-rss-type="text"> <p> <strong> New wave of tariffs expected to rock US retail </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> President Donald Trump accelerated a global trade war this week in a move that's expected to dramatically disrupt the U.S. retail industry, a major user of commercial real estate. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/569056289/new-wave-of-tariffs-expected-to-rock-us-retail?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p1&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc0NDMwNDI5Nn0.tnEBihhpNNz-KHZS5415QtSu5zPDUSIsOTBtdri61nA" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> Fri, 11 Apr 2025 21:59:44 GMT https://www.marcperlof.com/com/weekly-perl-a-commercial-real-estate-news-recap-april-11-2025 thumbnail main image https://www.marcperlof.com/com/weekly-perl-a-commercial-real-estate-news-recap-april-4-2025 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Palisades-Fire-debris-clean-up-696x432.jpeg" alt="An aerial view of a yellow excavator digging in the dirt."/> </div> <div data-rss-type="text"> <p> <strong> Governor Newsom suspends permitting rules, expands FEMA cleanup, extends ROE Deadline to April 15 </strong> </p> <p> <span> <br/> </span> </p> <p> <span> California Governor Gavin Newsom has signed several executive order aimed at accelerating the rebuilding of fire-ravaged communities in Los Angeles County.  </span> <span> A new order, announced on Thursday, March 27 </span> <span> , suspends permitting and environmental review requirements to fast-track infrastructure repairs and prevent future wildfires. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://malibutimes.com/governor-newsom-suspends-permitting-rules-expands-fema-cleanup-extends-roe-deadline-to-april-15" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot-2025-03-30-9.42.20-PM.jpg" alt="A sign for the santa monica civic auditorium"/> </div> <div data-rss-type="text"> <p> <strong> City Approves Redevelopment Deal for Civic Auditorium </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Officials said the next phase of the process includes site analyses to assess redevelopment viability </span> </p> <p> <span> The Santa Monica City Council has taken a step toward revitalizing the long-shuttered Civic Auditorium, approving an Exclusive Negotiating Agreement with Revitalization Partners Group on Tuesday. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smmirror.com/2025/03/city-approves-redevelopment-deal-for-civic-auditorium/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/ChickfilANightTwoStory-74872de1.jpg" alt="A chick-fil-a restaurant with a parking lot in front of it."/> </div> <div data-rss-type="text"> <p> <strong> Chick-fil-A’s Sales Surpassed $22 Billion in 2024 </strong> </p> <p> <span> <br/> </span> <span> While Chick-fil-A’s year-over-year sales growth wasn’t as robust as recent years, percentage wise, it continued to push unrivaled volumes at scale. In 2024, of the roughly 2,179 domestic franchised restaurants not located in malls (freestanding or drive-thru-only units), opened and operated for at least year a calendar year, the median annual sales volume was $9.227 million and the average annual sales volume $9.317 million, according to the brand’s FDD, which was released Wednesday. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/chick-fil-as-sales-surpassed-22-billion-in-2024/?spMailingID=150554&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=150554" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download-b7282af7.jpeg" alt="An aerial view of a city skyline with a bridge over a river at sunset."/> </div> <div data-rss-type="text"> <p> <strong> Retail rent gains slow as store closings provide more leasing options </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Landlords still see elevated rent increases for spaces that turn over, just not at previous record levels </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/300071570/retail-rent-gains-slow-as-store-closings-provide-more-leasing-options?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p2&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc0MzY4NzE2MX0.kP2p5UpzPkY5ozAroq7gyfTxHxcKijs0XnYn1sCzxSM" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/A_hand_typing_at_a_keyboard_with_grocery_carts_and_an_arrow_trending_up.webp" alt="A person is typing on a laptop computer with a graph on the screen."/> </div> <div data-rss-type="text"> <p> <strong> NRF predicts 2025 retail sales growth of 2.7% to 3.7% </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> The National Retail Federation said conditions remain relatively positive for consumer spending in 2025, and predicted that retail sales—excluding auto dealerships, gas stations, and restaurants—would grow between 2.7% and 3.7% this year. That compares with 3.6% retail sales growth in 2024. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/consumer-trends/nrf-predicts-2025-retail-sales-growth-of-2-7-to-3-7-?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_04032025&amp;utm_campaign=64682&amp;utm_medium=email&amp;elq2=5d5a333eca22457a99620846635a4e5b&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download+%281%29-af934647.jpeg" alt="A white truck is parked in front of an advance auto parts store"/> </div> <div data-rss-type="text"> <p> <strong> Investors favor small-dollar deals as large properties face rising vacancies </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> U.S. commercial property prices were mixed in February, with the amounts in high-dollar deals falling as those in the low-dollar range rose. </span> </p> <p> <span> Tenant occupancy drove the swings in value, according to the latest monthly CoStar Commercial Repeat-Sale Indices. It tracks when a previously sold property trades hands again in a process called a repeat sale. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/126037859/investors-favor-small-dollar-deals-as-large-properties-face-rising-vacancies?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p1&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc0MzY4NzUyNn0.GCUWZ2YD4CGyrnJu_hcFWU2VQbqdI--h4ZBFgtKmKrI" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Header-Images-16.webp" alt="A small wooden house is sitting next to a pile of coins on a table."/> </div> <div data-rss-type="text"> <p> <strong> How Proposed Tax Changes Could Affect Commercial Real Estate </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> With key provisions of the 2017 Tax Cuts and Jobs Act (TCJA) set to expire, commercial real estate professionals must stay informed about potential tax policy shifts. Proposed changes under a new administration could significantly impact tax liabilities, investment strategies, and property development costs.  </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://cssiservices.com/tax-changes-for-cre/?utm_source=CRE+Daily&amp;utm_medium=email&amp;utm_campaign=tax+changes+snippet&amp;_bhlid=3783f38290aef4bbbf45080937fd40e730853574" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/A_Winn-Dixie_sign_in_front_of_a_Winn-Dixie_store.webp" alt="A red and white sign for a winn dixie store"/> </a> </div> <div data-rss-type="text"> <p> <strong> Winn-Dixie to close four Alabama stores </strong> <span> <br/> </span> </p> <p> <span> <br/> </span> </p> <p> <span> Winn-Dixie said it is planning to close four locations in Alabama in the coming weeks, following its confirmation last week that it also plans to close one store in Georgia. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/store-closings/winn-dixie-to-close-four-alabama-stores?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_03282025&amp;utm_campaign=64591&amp;utm_medium=email&amp;elq2=be95e58513c5474785122f165ba7d405&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/A_WinCo_Foods_sign.webp" alt="A winco foods sign is on the side of a building"/> </a> </div> <div data-rss-type="text"> <p> <strong> WinCo Foods said to plan first Colorado stores </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> WinCo Foods is planning its first locations in Colorado, according to local reports. </span> </p> <p> <span> The company, which operates large, no-frills, warehouse-style stores known for their competitive prices, bulk foods, and broad assortments, has acquired property for two locations, one each in the towns of Thornton and Firestone, the reports said. </span> <span> <span>  </span> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/new-stores/winco-foods-said-to-plan-first-colorado-stores?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_03282025&amp;utm_campaign=64591&amp;utm_medium=email&amp;elq2=be95e58513c5474785122f165ba7d405&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/dutch_bros-cb228a12.jpg" alt="A dutch bros restaurant with a blue building"/> </a> </div> <div data-rss-type="text"> <p> <strong> Dutch Bros to open 1,000 new shops by 2029; expands long-term goal to 7,000 </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> Dutch Bros is getting even more bullish on store expansion. It's also entering the consumer packaged goods market. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/dutch-bros-open-1000-new-shops-2029-expands-long-term-goal-7000?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGZiqEGdgGL7bDWSfUQyZNquOj_KVkQzLaw8_ApHS7hciPGGIwR8-x03Efn8PtS3PUz3n7xgVqYUojZdGhCEXG4tsRc9IAWj78Ag2wQm7GADIR_" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/joann-65ad1314.jpg" alt="The front of a joann handmade happiness store."/> </a> </div> <div data-rss-type="text"> <p> <strong> Available retail space increases for first time in two years </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> The recent stretch of store closings has pushed retail space availability to a new two-year high. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/available-retail-space-increases-first-time-two-years?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGZiqEGdgbgl13psULA1yAtBPC4gAqfa5xVBS8BEyantQDBeQq8FWeKA-srIl9RlTvqhGiSAZjLHLpx9W3mC5F4Rpi6bDeRj9rznfXSCtl7BdGd" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> Fri, 04 Apr 2025 23:25:03 GMT https://www.marcperlof.com/com/weekly-perl-a-commercial-real-estate-news-recap-april-4-2025 thumbnail main image https://www.marcperlof.com/com/weekly-perl-a-commercial-real-estate-news-recap-march-28-2025 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/485718927_1064131199091401_1499917625287515901_n.jpg" alt="A large white building with palm trees in front of it."/> </div> <div data-rss-type="text"> <p> <strong> Duke’s Malibu Sends Message of Aloha After Mudslide Closure </strong> </p> <p> <span> <br/> </span> </p> <p> <span> <span> 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.  </span> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smmirror.com/2025/03/dukes-malibu-sends-message-of-aloha-after-mudslide-closure/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot-2025-04-01-at-1.19.30-PM.png" alt="Party city is closing all of its 700 stores"/> </div> <div data-rss-type="text"> <p> <strong> Map of the 27 Kohl's Stores Closing Across 15 States This Weekend </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Kohl's is shutting down 27 stores across 15 states this weekend, a major downsizing move that reflects broader challenges in the U.S. retail sector. Newsweek previously reported that the closures are part of a strategic reevaluation as the company seeks to optimize its store footprint while  </span> <span> expanding its partnership with Sephora </span> <span> . </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.newsweek.com/which-kohls-stores-closing-march-29-map-2051017" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/fit-ded43c07.webp" alt="A woman in a green jacket is sitting at a table with other people."/> </div> <div data-rss-type="text"> <p> <strong> Mayor Bass Backtracking On Measure ULA Pause </strong> </p> <p> <span> <br/> </span> <span> Bass said at a March 11 press conference, in response to a question about fires, rebuilding and Measure ULA, that she was  </span> <span> looking into pausing the real estate transfer tax </span> <span> . Bass briefly sketched out a possible path of action involving collaboration between the city council and her office. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.bisnow.com/los-angeles/news/capital-markets/mayor-karen-bass-measure-ula-los-angeles-fires-128662" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download-7ce69ba2.jpeg" alt="A family dollar store with a red sign in front of it."/> </div> <div data-rss-type="text"> <p> <strong> Dollar Tree to sell Family Dollar for $1 billion, a fraction of what it paid </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Discount giant Dollar Tree is offloading Family Dollar at a bargain basement price, roughly $1 billion, after spending about a decade of unsuccessfully trying to turn around the chain and finally searching for a buyer. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1761794420/dollar-tree-to-sell-family-dollar-for-1-billion-a-fraction-of-what-it-paid?t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc0MzA4ODYyNn0.tkgHHjTFLWXMorulAT9EiX1G2yRTBd1kx0OahFdJZ-w" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/WhataburgerStore.jpg" alt="Looking up at the roof of a waffle house restaurant"/> </div> <div data-rss-type="text"> <p> <strong> On Cusp of More Growth, a Conversation with Whataburger CEO Debbie Stroud </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> Whataburger has hardly been idle in its 75th year. Debbie Stroud, then EVP and COO, succeeded Ed Nelson as CEO to begin the calendar in January. The former SVP, U.S. retail operations at Starbucks, who also clocked 27 years with McDonald’s, joined Whataburger in 2023. Just this week, the company also named Todd Ewen CDO. Ewen, too, came over with McDonald’s experience, where he served a development director and real estate manager at the burger giant. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/on-cusp-of-more-growth-a-conversation-with-whataburger-ceo-debbie-stroud/?spMailingID=149641&amp;puid=2594436&amp;E=2594436" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/advance_auto_parts.jpg" alt="A white truck is parked in front of an advance auto parts store"/> </div> <div data-rss-type="text"> <p> <strong> Advance Auto Parts plans new stores after closing hundreds of locations </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> After closing hundreds of its stores to “optimize” its U.S. store footprint, Advance Auto Parts is ready to expand. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/advance-auto-parts-plans-new-stores-after-closing-hundreds-locations" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download+%281%29-aaf647f6.jpeg" alt="A big lots store with a parking lot in front of it"/> </div> <div data-rss-type="text"> <p> <strong> Silver lining from recent run of store closings: more available retail space </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> Space availability in the U.S. retail market has been incredibly tight in the past few years as the post-pandemic spending boom drove property demand to records while high construction costs and limited financing kept a lid on stores getting built. As a result, retailers have faced significant challenges in securing space for new stores, leading to fierce competition and rising rental rates. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1085056712/silver-lining-from-recent-run-of-store-closings-more-available-retail-space?t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc0MzA4OTY0NX0.3CnHLbwJ6TXS9FIzJi13zG-63jPZCrembcJ1YWeHt4c" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/forever-21.webp" alt="A store front with a sign that says `` 50 % off entire store ''."/> </a> </div> <div data-rss-type="text"> <p> <strong> Forever 21’s Bankruptcy Could Be a Win for Mall Owners </strong> <span> <br/> </span> </p> <p> <span> <br/> </span> </p> <p> <span> Forever 21’s second bankruptcy in six years is set to trigger one of the biggest waves of store closures malls have seen in years. Yet, many mall owners view this as a chance to attract stronger tenants willing to pay higher rents and draw more foot traffic, according to the WSJ. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/forever-21s-bankruptcy-could-be-a-win-for-mall-owners/" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Copy-of-Article-Images-2-2-png.webp" alt="A large group of people are walking through a shopping mall."/> </a> </div> <div data-rss-type="text"> <p> <strong> Retail Rebounds, But Consumer Confidence Is Shakier Than Ever </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> In March 2020, as COVID-19 spread across the globe, retailers faced an unprecedented crisis. Nonessential stores shuttered, shopping habits shifted overnight, and supply chains became strained. While vaccines and government stimulus helped stabilize the economy, the pandemic negatively affected consumer behavior and the retail landscape, according to Retail Dive. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/retail-rebounds-but-consumer-confidence-is-shakier-than-ever/" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> Fri, 28 Mar 2025 20:33:12 GMT https://www.marcperlof.com/com/weekly-perl-a-commercial-real-estate-news-recap-march-28-2025 thumbnail main image https://www.marcperlof.com/com/weekly-perl-a-commercial-real-estate-news-recap-march-21-2025 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/fit+%281%29+%281%29.jpg" alt="A man in a suit and tie is standing at a podium in front of american flags"/> </div> <div data-rss-type="text"> <p> <strong> Fed Holds Rates Flat As Tariffs, Uncertainty Make Their Mark </strong> </p> <p> <span> <br/> </span> </p> <p> <span> <span> 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.  </span> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.bisnow.com/national/news/capital-markets/federal-reserve-fomc-meeting-rate-decision-march-19-128537" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/BBY_Warehouse_03.webp" alt="A man wearing a mask is packing a box in a warehouse."/> </div> <div data-rss-type="text"> <p> <strong> What 25 retail leaders are saying about tariffs </strong> </p> <p> <span> <br/> </span> </p> <p> <span> From price increase warnings to confidence that vendor relationships will help ride out the storm, here’s how the retail C-suite plans to weather tariffs. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.retaildive.com/news/retail-leaders-china-mexico-canada-tariffs-quotes-operations-policy/742634/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Dollar-Tree.webp" alt="A dollar free store with a green awning"/> </div> <div data-rss-type="text"> <p> <strong> Discount Retailers See Strong Momentum Heading Into 2025 </strong> </p> <p> <span> <br/> </span> <span> Discount retailers saw steady foot traffic growth in 2024, benefiting from aggressive expansion and increased consumer demand. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/discount-retailers-see-strong-momentum-heading-into-2025/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/HEB2.webp" alt="People are walking into a h-e-b pharmacy at night"/> </div> <div data-rss-type="text"> <p> <strong> H-E-B announces another store planned for North Texas </strong> </p> <p> <span> <br/> </span> </p> <p> <span> H-E-B’s rapidly growing North Texas footprint is about to get a little bit bigger with the announcement that the San Antonio-based grocer plans to open its first store in Denton. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/new-stores/h-e-b-announces-another-store-planned-for-north-texas?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_03192025&amp;elq2=33d4b85a68c34972a8c01ffabacccf70&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/ollies_bargain_outlet.jpg" alt="The front of a store called ollie 's bargain outlet"/> </div> <div data-rss-type="text"> <p> <strong> Ollie’s ramps up store growth to capitalize on recent store closings; Q4 sales rise </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> Ollie's Bargain Outlet Holdings is broadening its footprint by buying bankrupt leases. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/ollies-ramps-store-growth-capitalize-recent-store-closings-q4-sales-rise" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download-4460acd8.jpeg" alt="A store with a sign in the window that says store closing"/> </div> <div data-rss-type="text"> <p> <strong> Mall mainstay Forever 21 slated to close all 350 stores in second bankruptcy </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> Fast-fashion pioneer Forever 21's shutdown of its roughly 350 stores will bring U.S. retail closings to over 4,000 so far this year, more than half the number for all 2024, as chains are impacted by foreign competitors such as Shein and Temu. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/406162867/mall-mainstay-forever-21-slated-to-close-all-350-stores-in-second-bankruptcy?t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc0MjQ2ODEwNn0.ZrTiKCZw5L3lNQVUw6tyLCGhPlD2KkZcb6ahUPUWSkU" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download+%281%29-9351f018.jpeg" alt="A white building with a blue sign that says storm chasers"/> </div> <div data-rss-type="text"> <p> <strong> This burger chain is tapping second-generation restaurant space for Los Angeles expansion </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> A growing Los Angeles cheeseburger chain is targeting the region's inventory of second-generation restaurant spaces for expansion with a goal of opening drive-thrus in underserved, lower-income neighborhoods. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/538923075/this-burger-chain-is-tapping-second-generation-restaurant-space-for-los-angeles-expansion?t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc0MjQ2ODExOX0.31ygcjy8kgBBIXDuFAEhsgQIJSy_5UhYYa055SrWfn0" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download+%282%29-668bee8d.jpeg" alt="A store front with a green sign that says joann"/> </a> </div> <div data-rss-type="text"> <p> <strong> Joann liquidation provides retailers with fresh batch of available store spaces </strong> <br/> </p> <p> <br/> </p> <p> <span> After failing to secure a buyer amid its second journey through bankruptcy court in less than a year, Joann Fabrics is winding down operations after more than 80 years in business. The craft chain's liquidation will bring approximately 18.5 million square feet of store space spread across 800 locations will be brought to market. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1672627635/joann-liquidation-provides-retailers-with-fresh-batch-of-available-store-spaces?t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc0MjQ2ODM4OX0.u9jq_CDbQN_08yk2bt1PPI3ycqf8iZv3OG63l7_BQuA" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download+%283%29.jpeg" alt="The front of a fossil store with a black and white awning."/> </a> </div> <div data-rss-type="text"> <p> <strong> Watch retailer Fossil to close 50 stores, cut corporate staff </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> Fossil, the global watch-and-accessory retailer, is closing roughly 50 stores and cutting its corporate workforce as part of a turnaround plan. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1926690218/watch-retailer-fossil-to-close-50-stores-cut-corporate-staff?t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc0MjQ2ODY1MH0.WPxpWj_sC438wMm2E1HjRP3KYsMPzuza-t7RFUOI0zk" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/A_Dollar_General_sign.webp" alt="A dollar general sign against a blue sky"/> </div> <div data-rss-type="text"> <p> <strong> Dollar General hits $40B in fiscal year net sales for first time ever </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> For the first time in company history, Dollar General hit $40 billion in a fiscal year. The discount retailer’s fourth quarter wasn’t bad either, with $10.3 billion in net sales for a year-over-year gain of 4.5%. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/finance/dollar-general-hits-40b-in-fiscal-year-net-sales-for-first-time-ever?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_03142025&amp;elq2=ba617620d4f1424493f82036087bf898&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> Mon, 24 Mar 2025 17:19:02 GMT https://www.marcperlof.com/com/weekly-perl-a-commercial-real-estate-news-recap-march-21-2025 thumbnail main image https://www.marcperlof.com/com/weekly-perl-a-commercial-real-estate-news-recap-march-14-2025 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/-SantaCruz_Katy_CULT_3rdStreetPromenade-1.jpg" alt="1000th Store Orlando"/> </div> <div data-rss-type="text"> <p> <strong> The continuous downfall of the Third Street Promenade </strong> </p> <p> <span> <br/> </span> </p> <p> <span> 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.  </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.thecorsaironline.com/corsair/2025/3/10/the-continuous-downfall-of-the-third-street-promenade" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download-30e10d01.jpeg" alt="A kfc restaurant with a sign that says ' mr. kentucky ' on it"/> </div> <div data-rss-type="text"> <p> <strong> Kroger to launch superstore concept in retail-starved Denver suburb </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Grocery giant Kroger is looking to match supersized population growth with plans to debut its superstore concept in a Denver suburb where retail development has lagged far behind its residential boom. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1794921154/kroger-to-launch-superstore-concept-in-retail-starved-denver-suburb?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p8&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc0MTkwNjk2M30.TnftuPsRIEMgVxhB7ODErIVi_Se6XnFYiKGYGojPqLI" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download+%281%29-33ddcb16.jpeg" alt="The front of a dollar tree store with green awnings"/> </div> <div data-rss-type="text"> <p> <strong> Circle K owner considers selling 2,000 US stores as part of potential 7-Eleven deal </strong> </p> <p> <span> <br/> </span> <span> The parent company of 7-Eleven said Alimentation Couche-Tard agreed to consider divesting about 2,000 Circle K stores in the United States to address potential antitrust concerns that could torpedo a merger of the companies. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1972436854/circle-k-owner-considers-selling-2000-us-stores-as-part-of-potential-7-eleven-deal?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p9&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc0MTkwNjk4NH0.EsgbrYg1nQ5NUi1-0uvUg_Py37t7ytAMI2j3vlwx9Vk" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Feb_2025_New_Store_Map_Feature_Image-82cf0656.webp" alt="The front of a dollar tree store with green awnings"/> </div> <div data-rss-type="text"> <p> <strong> Dollar stores surge, Walgreens retreats in new store map </strong> </p> <p> <span> <br/> </span> </p> <p> <span> February was another big month for dollar stores across the U.S., with 122 opening and 37 closing, according to the monthly  </span> <span> Supermarket News </span> <span>  store map. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/new-stores/dollar-stores-surge-walgreens-retreats-in-new-store-map?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_03112025&amp;utm_campaign=64346&amp;utm_medium=email&amp;elq2=0025a6ae923c4008ad83f7dbfd904d5d&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/wag_exterior.jpg" alt="A large brick building with a tower on top of it is on the corner of a street."/> </div> <div data-rss-type="text"> <p> <strong> Walgreens in $10 billion deal to go private </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> The struggling retail pharmacy giant has entered into an agreement with Sycamore Partners to be acquired for an equity value of around $10 billion. Upon completion of the deal, Walgreen’s common stock will no longer be listed on the Nasdaq Stock Market, and it will become a private company. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/walgreens-10-billion-deal-go-private?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_BreakingNews" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/An_interior_rendering_of_the_small_format_pharmacy_concept_from_CVS.webp" alt="A large brick building with a tower on top of it is on the corner of a street."/> </div> <div data-rss-type="text"> <p> <strong> CVS plans test of small-format stores </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> CVS Health is planning to open “a dozen or more” smaller-format CVS Pharmacy locations in markets around the country during the next year, a spokesperson for the retailer told  </span> <span> Supermarket News </span> <span> . </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/grocery-pharmacy-health-care/cvs-plans-test-of-small-format-stores?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_03132025&amp;utm_campaign=64377&amp;utm_medium=email&amp;elq2=f92bc880048b42b6b2b254c9f47f1a5f&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-03-18+at+12.11.36-PM.png" alt="A large brick building with a tower on top of it is on the corner of a street."/> </div> <div data-rss-type="text"> <p> <strong> Jack in the Box reveals opening timeline for 10 new restaurants in Chicago, suburbs </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> The iconic fast-food chain  </span> <a href="https://www.nbcchicago.com/news/local/jack-in-the-box-chicago-illinois-suburbs-stores-planned/3479495/" target="_blank"> Jack in the Box will return to the Chicago area </a> <span>  this summer with as many as 10 new restaurants set to open in the city and the suburbs, the company said in a release. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.msn.com/en-us/money/companies/jack-in-the-box-reveals-opening-timeline-for-10-new-restaurants-in-chicago-suburbs/ar-AA1ACYeM?apiversion=v2&amp;noservercache=1&amp;domshim=1&amp;renderwebcomponents=1&amp;wcseo=1&amp;batchservertelemetry=1&amp;noservertelemetry=1" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Luckys-Market-in-Fort-Collins-Colo.webp" alt="A large brick building with a tower on top of it is on the corner of a street."/> </div> <div data-rss-type="text"> <p> <strong> Retail’s 2025 Outlook: A Tale of Diverging Trends </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> This year’s outlook for the retail sector and its bricks-and-mortar locations is decidedly mixed, strikingly so across different categories, according to Datex Property Solutions’ latest report. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.commercialsearch.com/news/retails-2025-outlook-a-tale-of-diverging-trends/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=us-apartment-rents-occupancy-rise-in-february" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Dollar-General-GettyImages-2191192693-WEB.webp"/> </a> </div> <div data-rss-type="text"> <p> <strong> Dollar Stores Fight for Relevance Amid Stiffer Competition, Tariffs </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> Online portals like Temu and Shein — never mind old standbys like Walmart and Costco — have eaten into the record sales dollar retailers enjoyed during COVID-19 </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://commercialobserver.com/2025/03/dollar-stores-fight-for-relevance-amid-stiffer-competition-tariffs/?utm_source=sailthru&amp;utm_medium=email&amp;utm_campaign=weeklyissue&amp;utm_term=03/12/2025" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/A_Costco_sign.webp" alt="A large brick building with a tower on top of it is on the corner of a street."/> </div> <div data-rss-type="text"> <p> <strong> Costco on tariffs: Margins are much tighter on food </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> Costco did not seem overly concerned about the Trump administration’s 25% tariffs on Canada and Mexico during its second-quarter earnings call on Thursday, but it reminded shareholders that grocery items will be particularly vulnerable. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/finance/costco-on-tariffs-margins-are-much-tighter-on-food?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_03102025&amp;utm_campaign=64334&amp;utm_medium=email&amp;elq2=79f230e3ca2b438b9872dfdd9ea67cb0&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download+%281%29-57679c7d.jpeg" alt="A large brick building with a tower on top of it is on the corner of a street."/> </div> <div data-rss-type="text"> <p> <strong> BJ's Wholesale Club to make big move into Texas </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> A new wholesale club is looking to expand into Texas for the first time, taking on rivals Sam's Club and Costco. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/567886028/bjs-wholesale-club-to-make-big-move-into-texas?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p9&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc0MTg2OTkxOX0.pwpvlWS6K4f8hboelTqy7HWKG5Gan0mKTI57aRBfZCk" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/jollibee_store_exterior.jpg" alt="A large brick building with a tower on top of it is on the corner of a street."/> </div> <div data-rss-type="text"> <p> <strong> Jollibee launches first U.S. franchise program </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> Quick-serve chain Jollibee is looking to expand its store count — through franchising. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/jollibee-launches-first-us-franchise-program?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_2166049267.jpg" alt="A large brick building with a tower on top of it is on the corner of a street."/> </a> </div> <div data-rss-type="text"> <p> <strong> Gap reports strong Q4 as turnaround shows no signs of slowing </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> Gap Inc. maintained its turnaround momentum during the holiday quarter, reporting sales and earnings that topped Street expectations and a big comp sales increase across its namesake division.  </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/gap-reports-strong-q4-turnaround-shows-no-signs-slowing?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> Fri, 14 Mar 2025 19:28:07 GMT https://www.marcperlof.com/com/weekly-perl-a-commercial-real-estate-news-recap-march-14-2025 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-march-7-2025 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/7-eleven_sky_pic.webp" alt="1000th Store Orlando"/> </div> <div data-rss-type="text"> <p> <strong> 7-Eleven parent company appoints new CEO, plans US IPO </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Stephen Dacus, current lead outside director of the board, will take over as the company evaluates a takeover bid from Alimentation Couche-Tard. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.cstoredive.com/news/7-eleven-seven-and-i-new-ceo-ipo-united-states/741535/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download+%2812%29.jpg" alt="A kfc restaurant with a sign that says ' mr. kentucky ' on it"/> </div> <div data-rss-type="text"> <p> <strong> Retailer Ross Stores extends expansion push as off-price sellers shine </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Ross Stores plans to keep pace with its 2024 expansion by opening 90 stores this year, including a batch this weekend, as the U.S. off-price retail sector maintains its appeal to budget-conscious shoppers and broadens </span> <strong>   </strong> <span> its brick-and-mortar footprint. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/421894164/retailer-ross-stores-extends-expansion-push-as-off-price-sellers-shine?t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc0MTI4NjM5N30.8gGXx3PA6frOkmcr5mvfhGR16esGR3r4DHpBjjKjNXg" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/01_store_front.jpg" alt="The front of a dollar tree store with green awnings"/> </div> <div data-rss-type="text"> <p> <strong> Foot Locker swings to Q4 profit, comp growth; to refresh 300 stores in 2025 </strong> </p> <p> <span> <br/> </span> <span> Foot Locker delivered fourth-quarter earnings and comparable sales that topped analysts forecasts but sales that fell short. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/foot-locker-swings-q4-profit-comp-growth-refresh-300-stores-2025" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/walgreens_0_0-79767bc8.jpg" alt="The front of a dollar tree store with green awnings"/> </div> <div data-rss-type="text"> <p> <strong> Walgreens reportedly close to being sold to private-equity firm in $10B deal </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Sycamore Partners is finalizing a deal to acquire the 120-year-old retail pharmacy giant in a transaction valued at approximately $10 billion, reported  </span> <a href="https://www.wsj.com/business/deals/walgreens-nears-roughly-10-billion-deal-to-be-go-private-ee07f2fa" target="_blank"> <strong> The Wall Street Journal </strong> </a> <a href="https://www.wsj.com/business/deals/walgreens-nears-roughly-10-billion-deal-to-be-go-private-ee07f2fa" target="_blank"> . </a> <span>   <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2025-03-05?article=walgreens-reportedly-close-being-sold-private-equity-firm-10b-deal" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Big_Chicken_Craveworthy.webp" alt="A large brick building with a tower on top of it is on the corner of a street."/> </div> <div data-rss-type="text"> <p> <strong> Shaquille O’Neal’s Big Chicken brand joins the Craveworthy Brands portfolio </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> The Genghis Grill and Taim Mediterranean Kitchen parent company has become a managing partner and investor in Shaq’s chicken brand. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.nrn.com/mergers-acquisitions/shaquille-o-neal-s-big-chicken-brand-joins-the-craveworthy-brands-portfolio?utm_rid=CPG06000019360528&amp;_mc=em_NRN_News_NRN%20News%20Alert_News_NL_03032025&amp;elq2=a5b42a86a4bb4668a402b3603db49c4e&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download+%2813%29.jpg" alt="A large brick building with a tower on top of it is on the corner of a street."/> </div> <div data-rss-type="text"> <p> <strong> Costco returns to pre-pandemic expansion mode with new Bay Area store </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> Costco, America's classic big box retailer, is set to open a new store in the suburbs of the San Francisco Bay Area as part of its ongoing expansion in the region. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1076435173/costco-returns-to-pre-pandemic-expansion-mode-with-new-bay-area-store?t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc0MTI4NTY5NH0.IChDq0OZkkPLJ3qI3p-RyOrm1Ct8T2JOyuMmfzSSmwU" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download+%2814%29.jpg" alt="A large brick building with a tower on top of it is on the corner of a street."/> </div> <div data-rss-type="text"> <p> <strong> Nordstrom doubles down on expansion of discount brand for future growth </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> Retailer Nordstrom is looking to capitalize on growing demand for its discount Rack store concept by opening 21 locations this year, nearly matching last year’s total. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1176691430/nordstrom-doubles-down-on-expansion-of-discount-brand-for-future-growth?t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc0MTI2ODYyM30.sWLYF2Ttn9W3cqGm_tQR1ae7rXTegaWQHu-DdtmCnvc" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> Fri, 07 Mar 2025 22:51:03 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-march-7-2025 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-february-28-2025 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download+%281%29.webp" alt="1000th Store Orlando"/> </div> <div data-rss-type="text"> <p> <strong> ‘Experiential’ retail surges as landlords try to lure customers back to the mall </strong> </p> <p> <span> <br/> </span> </p> <p> <span> <span> In a former clothing store in Santa Monica, young entrepreneurs hawk products live on TikTok, sometimes in marathon sessions that last many hours. </span> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.latimes.com/business/story/2025-02-27/experiential-retail-surges-as-landlords-try-to-lure-customers-back-to-the-mall" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/DSC_00719-1140x570.webp" alt="A kfc restaurant with a sign that says ' mr. kentucky ' on it"/> </div> <div data-rss-type="text"> <p> <strong> Palisades High School could come to Downtown Santa Monica </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Palisades Charter High School (PCHS) may temporarily relocate to the currently vacant Sears Building in Downtown Santa Monica while the school works to rebuild sections of its campus destroyed by the Palisades Fire.  </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smdp.com/news/education/palisades-high-school-could-come-to-downtown-santa-monica/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download+%288%29.jpg" alt="The front of a dollar tree store with green awnings"/> </div> <div data-rss-type="text"> <p> <strong> Jack in the Box expands; Outback Steakhouse slows new development; Apartment construction stays muted </strong> </p> <p> <span> <br/> </span> <span> Jack in the Box is pushing ahead with planned expansion into Chicago and Florida, as it also deals with slowing sales growth and this week’s announced departure of CEO Darin Harris after five years at the helm of the burger chain. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1077052949/jack-in-the-box-expands-outback-steakhouse-slows-new-development-apartment-construction-stays-muted?t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc0MDY3NzMwM30.Ojhw3ofFo5iSBvJsKE5A2cZbvbeZxUrJtr8HCgR089U" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_308306402.jpg" alt="The front of a dollar tree store with green awnings"/> </div> <div data-rss-type="text"> <p> <strong> Home Depot Q4 earnings, sales top estimates; to open 13 stores </strong> </p> <p> <span> <br/> </span> </p> <p> <span> The Home Depot reported a strong quarter that included its first same-store increase in eight quarters, but issued soft guidance as consumers continue to hold back on large remodeling projects. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/home-depot-q4-earnings-sales-top-estimates-open-13-stores" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_238209706.jpg" alt="A large brick building with a tower on top of it is on the corner of a street."/> </div> <div data-rss-type="text"> <p> <strong> Starbucks laying off 1,100 corporate employees; eliminating these 13 beverages… </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> Starbucks Corp. is streamlining its corporate organization as its new CEO works to revive the chain’s lackluster performance and focus on the customer experience.  </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/starbucks-laying-1100-corporate-employees-eliminating-these-13-beverages" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/NEW_DG.webp" alt="A large brick building with a tower on top of it is on the corner of a street."/> </div> <div data-rss-type="text"> <p> <strong> Dollar General launches high-tech distribution center in Arkansas </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> The discount retailer’s newest distribution center uses automation to more efficiently store and retrieve products. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/grocery-technology/dollar-general-launches-high-tech-distribution-center-in-arkansas?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_02262025&amp;elq2=ce0d3d1692004a02a5db19c99434fa4b&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download+%289%29.jpg" alt="A large brick building with a tower on top of it is on the corner of a street."/> </div> <div data-rss-type="text"> <p> <strong> Chicken chain Wingstop aims to expand in face of competition, higher costs and bird flu </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> Wingstop, a chicken restaurant chain, has ambitious plans for a company that says it's "the largest brand no one has heard of." </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/175501740/chicken-chain-wingstop-aims-to-expand-in-face-of-competition-higher-costs-and-bird-flu?t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc0MDY2Mzc3Nn0.DLeSPTOf9tO2jCpARjDnxPQM9aexR7c4pnEgO4GYXTk" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/The_front_of_a_Family_Dollar.webp" alt="A large brick building with a tower on top of it is on the corner of a street."/> </a> </div> <div data-rss-type="text"> <p> <strong> Family Dollar may have buyers, but Dollar Tree still needs to pull the trigger </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> Private equity firms are lining up to buy Family Dollar, according to reports.  </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/mergers-acquisitions/family-dollar-may-have-buyers-but-dollar-tree-still-needs-to-pull-the-trigger?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_02242025&amp;elq2=ec944a15b2d2444badee655878d48d80&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download+%2810%29.jpg" alt="A large brick building with a tower on top of it is on the corner of a street."/> </a> </div> <div data-rss-type="text"> <p> <strong> How Trump administration policies could shape the real estate recovery </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> As they celebrate another quarter of surging deals, executives with the largest commercial real estate brokerages are sounding notes of caution amid what they say is growing uncertainty over the potential effects of the Trump administration's economic policies. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/340314399/how-trump-administration-policies-could-shape-the-real-estate-recovery?t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc0MDY2Mzk3NH0.KCMoHIC_t0VXn3dNlKXg3AKH5cXt_n-mJzwL-6Q4BdA" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <a> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download+%2811%29.jpg" alt="A large brick building with a tower on top of it is on the corner of a street."/> </a> </div> <div data-rss-type="text"> <p> <strong> Shake Shack, Cheesecake Factory plan expansion; Walmart warns of slowing sales; Jobless claims edge higher </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> Buoyed by rising sales at a tough time for the restaurant industry, operators of Shake Shack and Cheesecake Factory said this week they have plans for significant expansions in 2025. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/463139927/shake-shack-cheesecake-factory-plan-expansion-walmart-warns-of-slowing-sales-jobless-claims-edge-higher?t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTc0MDY2NDI1Nn0.9oX711bu3LqAdgqy-WcWZyToJFnZ4Q6qYauAFPz8GLs" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> Fri, 28 Feb 2025 18:05:30 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-february-28-2025 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-february-21-2025 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/1000th-store-orlando.webp_.jpg" alt="1000th Store Orlando"/> </div> <div data-rss-type="text"> <p> <strong> Dutch Bros reports strong Q4 growth; opening 'at least' 160 shops in 2025 </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Dutch Bros ended its fiscal year on a high note, with better-than-expected earnings and revenue amid store as well as transaction growth. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/dutch-bros-reports-strong-q4-growth-opening-least-160-shops-2025" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_2143686921.jpg" alt="A kfc restaurant with a sign that says ' mr. kentucky ' on it"/> </div> <div data-rss-type="text"> <p> <strong> KFC headquarters to move out of Kentucky </strong> </p> <p> <span> <br/> </span> </p> <p> <span> The corporate offices of KFC are leaving the state where the quick-serve chain was founded some 95 years ago. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/kfc-headquarters-move-out-kentucky" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/The_front_of_a_Dollar_Tree_store.webp" alt="The front of a dollar tree store with green awnings"/> </div> <div data-rss-type="text"> <p> <strong> Dollar Tree moves to acquire 148 Party City stores </strong> </p> <p> <span> <br/> </span> <span> Dollar Tree has made moves to acquire 148 Party City stores, following Party City’s bankruptcy filing in late December.  </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/new-stores/dollar-tree-moves-to-acquire-148-party-city-stores?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_02142025&amp;elq2=258bfa475511470f820ec2042a83d506&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div data-rss-type="text"> <p> <strong> Retail Investment Boom Expected to Continue in 2025 </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Investment in the retail sector reached $21.2 billion during the second half of 2024. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.globest.com/2025/02/19/retail-investment-boom-expected-to-continue-in-2025/?slreturn=20250224134042" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download.jpg" alt="A large brick building with a tower on top of it is on the corner of a street."/> </div> <div data-rss-type="text"> <p> <strong> Kirkland’s may convert ailing stores to Bed Bath &amp; Beyond or Buy Buy Baby </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> Retailer Kirkland plans to close or convert underperforming stores to other brands, potentially creating brick-and-mortar locations for once-defunct Bed Bath &amp; Beyond and Buy Buy Baby. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/7999890/kirklands-may-convert-ailing-stores-to-bed-bath-beyond-or-buy-buy-baby" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> Fri, 21 Feb 2025 17:45:36 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-february-21-2025 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-february-14-2025 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_2528345835_0.jpg" alt="A woman is holding a shopping basket in a supermarket."/> </div> <div data-rss-type="text"> <p> <strong> NRF: Retail sales fall in January, but show strong year-over-year gains </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Consumers pulled back on spending in January after a stronger-than-expected holiday season. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/nrf-retail-sales-fall-january-show-strong-year-over-year-gains" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/daveshotchickenmenu.jpg" alt="A large tray of fried chicken , hot dogs , french fries , macaroni and cheese , and pickles."/> </div> <div data-rss-type="text"> <p> <strong> Report: Dave’s Hot Chicken Explores Sale </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Dave’s Hot Chicken is reportedly exploring a sale that would value it at around $1 billion, according to Reuters. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/report-daves-hot-chicken-explores-sale/?spMailingID=144159&amp;puid=2594436&amp;E=2594436" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/ZJ-1140x570.webp" alt="A building with a sign on the side of it that says `` closing ''."/> </div> <div data-rss-type="text"> <p> <strong> Businesses unharmed by Palisades fire flames are getting burned by ongoing economic troubles </strong> </p> <p> <span> <br/> </span> <span> The Palisades Fire didn’t make it to Santa Monica but while the city was spared any physical damage, the repercussions from the blaze have become an ongoing disaster for local businesses. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smdp.com/business/businesses-unharmed-by-palisades-fire-flames-are-getting-burned-by-ongoing-economcic-troubles/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/wendys.jpg" alt="A red wendy 's restaurant with a blue sky in the background"/> </div> <div data-rss-type="text"> <p> <strong> The most-visited quick-serve chains by region are... </strong> </p> <p> <span> <br/> </span> </p> <p> <span> New foot traffic data shows that America’s most popular fast-food chains aren’t necessarily the ones with the most locations. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/most-visited-quick-serve-chains-region-are" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2025-02-18+060742.png" alt="A group of people standing in front of a sign that says twin peaks"/> </div> <div data-rss-type="text"> <p> <strong> Two Spinoffs For Fat Brands </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> Beverly Hills-based Fat Brands hopes spinning off two of its restaurant brands – Twin Peaks and Smokey Bones Bar &amp; Fire Grill – into public companies will help with its debt. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://labusinessjournal.com/featured/two-spinoffs-for-fat-brands/" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/53238595587_071eae701e_c-38e9dd73.webp" alt="A large building with a sign that says ' nbc 's ' on it"/> </div> <div data-rss-type="text"> <p> <strong> Are B malls having a moment? </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> Companies like Simon Property Group and Walmart are throwing money at shopping centers with empty stores, weak traffic and falling sales. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.retaildive.com/news/b-malls-future-macys-vacancy-department-stores-walmart/739340/" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/fit.webp" alt="A group of people are walking in front of a volcom store"/> </div> <div data-rss-type="text"> <p> <strong> Quiksilver, Billabong, Volcom To Close All U.S. Stores After Bankruptcy Filing </strong> </p> <p> <span> <br/> </span> </p> <p> <span> More than 100 stores under the Quiksilver, Billabong and Volcom brands are set to shut their doors across the U.S. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.bisnow.com/national/news/retail/quiksilver-billabong-volcom-closing-all-us-stores-127938" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/A_Winn-Dixie_facade.webp" alt="A winn dixie store is lit up at night with a parking lot in front of it."/> </div> <div data-rss-type="text"> <p> <strong> Southeastern Grocers’ CEO, C&amp;S Wholesale Grocers buy Winn-Dixie from Aldi </strong> </p> <p> <span> <br/> </span> </p> <p> <span> A group of private investors is buying Southeastern Grocers, which includes the Winn-Dixie and Harveys Supermarkets banners. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/mergers-acquisitions/report-c-s-wholesale-grocers-winn-dixie-group-close-to-acquiring-stores-from-aldi?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_02102025&amp;elq2=680c5a539a2148f1945c99125585379e&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Red-Robin-Burger.webp" alt="A close up of a hamburger and french fries on a table."/> </div> <div data-rss-type="text"> <p> <strong> This Struggling Burger Chain is Making a Major Comeback as Sales Surge </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Things are looking up for fast-casual chain Red Robin, after positive Q4 results showed a 3.4% growth for the company which was in serious decline last year. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.eatthis.com/red-robin-turnaround/" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/captain_ds.jpg" alt="A sign for captain 's seafood kitchen has a red fish on it"/> </div> <div data-rss-type="text"> <p> <strong> Captain D's plots expansion in two states </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Captain D’s is planning to expand its presence on the East Coast and in the South. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/captain-ds-plots-expansion-two-states" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> Fri, 14 Feb 2025 22:20:26 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-february-14-2025 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-february-7-2025 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Article-Images-2025-02-03T181758.969-png.webp" alt="A stack of coins with a small globe on top"/> </div> <div data-rss-type="text"> <p> <strong> CRE May Rebound by Late 2025 as Values Stabilize </strong> </p> <p> <span> <br/> </span> </p> <p> <span> CoStar suggests that the CRE market could be on the rebound, but remains fragile, with potential risks that could disrupt recovery in 2025. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/cre-may-rebound-by-late-2025-as-values-stabilize/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=equinox-tops-macy-s-as-nyc-s-1-retail-tenant" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Del-Taco-Rendering.jpg" alt="An artist 's impression of a del taco restaurant at night"/> </div> <div data-rss-type="text"> <p> <strong> Del Taco unveils plans to open 10 restaurants in Indiana </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Del Taco, a California-based restaurant chain owned by Jack in the Box Inc., intends to open 10 locations in Indiana. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.insideindianabusiness.com/articles/del-taco-unveils-plans-to-open-10-restaurants-in-indiana" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/WS_1067x480.jpg" alt="A yellow sign that says taste success with the # 1 hot dog franchise"/> </div> <div data-rss-type="text"> <p> <strong> Döner Haus Launches Franchise Program </strong> </p> <p> <span> <br/> </span> <span> Döner Haus, the fastest-growing name in authentic German-style Döner Kebabs, is taking its take-out and delivery concept nationwide, bringing bold flavors and streamlined operations to new markets across the U.S. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/news/doner-haus-launches-franchise-program/?spMailingID=143368&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=143368" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Restaurants.webp" alt="A collage of signs for dairy queen hamburgers jersey mikes subs papa johns and taco bell"/> </div> <div data-rss-type="text"> <p> <strong> 50 Biggest Restaurants in USA Ranked With a Major Surprise </strong> </p> <p> <span> <br/> </span> </p> <p> <span> A new ranking of the 50 biggest restaurant chains in America reveals surprising shakeups. See where your favorite spots landed. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.eatthis.com/biggest-restaurant-chains-ranked/?utm_source=Iterable&amp;utm_medium=email&amp;utm_campaign=campaign_12534670&amp;utm_source=nsltr&amp;utm_medium=email&amp;utm_campaign=etntNewsletter" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/mattress_0.jpg" alt="The front of a mattress firm store with lots of windows"/> </div> <div data-rss-type="text"> <p> <strong> Tempur Sealy to change its name; completes acquisition of Mattress Firm </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> The nation’s largest mattress specialty retailer has a new owner. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/tempur-sealy-change-its-name-completes-acquisition-mattress-firm?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/captain_ds.jpg" alt="A sign for captain 's seafood kitchen has a red fish on it"/> </div> <div data-rss-type="text"> <p> <strong> Captain D's plots expansion in two states </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> Captain D’s is planning to expand its presence on the East Coast and in the South. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/captain-ds-plots-expansion-two-states?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/97865141-f524-443c-b65d-e6da8ed9ef09_1.webp" alt="A baby store called buybuy baby is located in a shopping center"/> </div> <div data-rss-type="text"> <p> <strong> Beyond buys BuyBuy Baby for $5M </strong> </p> <p> <span> <br/> </span> </p> <p> <span> The move reunites the baby brand with its former parent company and includes the possibility of opening new stand-alone stores. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.retaildive.com/news/beyond-acquires-buybuy-baby-for-5-million-bed-bath-beyond/738999/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Issue:%202025-02-03%20Retail%20Dive%20Newsletter%20%5Bissue:70074%5D&amp;utm_term=Retail%20Dive" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/tomato.webp" alt="A person is picking tomatoes in a grocery store."/> </div> <div data-rss-type="text"> <p> <strong> Consumer confidence in January falls for the first time in 6 months </strong> </p> <p> <span> <br/> </span> </p> <p> <span> The University of Michigan recorded a 10% year-on-year drop, and other data found sentiment hit a four-month low. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.retaildive.com/news/consumer-confidence-january-falls-tariffs-jobs-inflation/739008/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Issue:%202025-02-03%20Retail%20Dive%20Newsletter%20%5Bissue:70074%5D&amp;utm_term=Retail%20Dive" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/pizzahutrestaurant.jpg" alt="A pizza hut restaurant with a lot of windows"/> </div> <div data-rss-type="text"> <p> <strong> Pizza Hut Franchisee to Sell 77 Stores out of Bankruptcy for Nearly $12 Million </strong> </p> <p> <span> <br/> </span> </p> <p> <span> While 77 will be sold, another 60-plus restaurants closed for good. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/pizza-hut-franchisee-to-sell-77-stores-out-of-bankruptcy-for-nearly-12-million/?spMailingID=142855&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=142855" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/five_below.jpg" alt="A building with a sign that says five below"/> </div> <div data-rss-type="text"> <p> <strong> Placer.ai: Q4 foot traffic was strongest in these retail sectors... </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Fitness centers, dollar chains and apparel stores were among the retail sectors that closed out 2024 the strongest in terms of traffic. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/placerai-q4-foot-traffic-was-strongest-these-retail-sectors?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/brassicaplate.jpg" alt="A white bowl filled with a variety of vegetables on a table."/> </div> <div data-rss-type="text"> <p> <strong> Why Chipotle Bet Big on Rising Mediterranean Star Brassica </strong> </p> <p> <span> <br/> </span> </p> <p> <span> The emerging chain has been winning with fresh ingredients, stellar service, and high-quality ingredients long before Chipotle became involved. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/why-chipotle-bet-big-on-rising-mediterranean-star-brassica/?spMailingID=142631&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=142631" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/tractor-supply_0.jpg" alt="The front of a tractor supply co. store"/> </div> <div data-rss-type="text"> <p> <strong> Tractor Supply sales rise 3.1%; to open 90 stores, continue remodels in 2025 </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Tractor Supply Co., which narrowly missed fourth-quarter expectations, is going full steam ahead with its ambitious expansion strategy. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/tractor-supply-sales-rise-31-open-90-stores-continue-remodels-2025?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/paris_baguette.jpg" alt="A restaurant with a sign that says paris baguette boulangerie on it"/> </div> <div data-rss-type="text"> <p> <strong> Paris Baguette eyes at least 100 new openings in 2025 </strong> </p> <p> <span> <br/> </span> </p> <p> <span> After a strong 2024, Paris Baguette is looking to continue its expansion. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/paris-baguette-eyes-least-100-new-openings-2025?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> Fri, 07 Feb 2025 18:59:34 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-february-7-2025 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-january-31-2025 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Target_shelves_beauty.webp" alt="A row of empty shelves in a store."/> </div> <div data-rss-type="text"> <p> <strong> Where the fight against retail crime goes in 2025 </strong> </p> <p> <span> <br/> </span> </p> <p> <span> As the industry still struggles to measure and mitigate shrink, there’s now less data than ever. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.retaildive.com/news/organized-retail-crime-shrink-fight-2025/737710/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Issue:%202025-01-29%20Retail%20Dive%20Newsletter%20%5Bissue:69927%5D&amp;utm_term=Retail%20Dive" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/tijuanaflatsrestaurant-3.jpg" alt="A group of people are sitting at tables in a restaurant."/> </div> <div data-rss-type="text"> <p> <strong> Tijuana Flats Starts Comeback Rooted in Authenticity </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Post-bankruptcy, the company is focused on better branding, new menu items, renovated restaurants, and improved profitability. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/tijuana-flats-starts-comeback-rooted-in-authenticity/?spMailingID=142293&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=142293" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/the_container_store.jpg" alt="A car is parked in front of the container store"/> </div> <div data-rss-type="text"> <p> <strong> Container Store exits bankruptcy </strong> </p> <p> <span> <br/> </span> <span> The Container Store Group is now a private company. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/container-store-exits-bankruptcy?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/papajohnscrispycuppyroni.jpg" alt="A pepperoni pizza is sitting on a table next to a plate of pastries."/> </div> <div data-rss-type="text"> <p> <strong> Refranchising Enters the Growth Puzzle for Papa Johns </strong> </p> <p> <span> <br/> </span> </p> <p> <span> It could take a bit, but bringing more growth-minded operators into the system should help the pizza giant expand. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/refranchising-enters-the-growth-puzzle-for-papa-johns/?spMailingID=142141&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=142141" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/amazon-go-int.jpg" alt="A woman is walking through an amazon go grocery store."/> </div> <div data-rss-type="text"> <p> <strong> Amazon closing Amazon Go store </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> Amazon continues scaling back its Amazon Go checkout-free convenience concept. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/amazon-closing-amazon-go-store?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/krispy-krunchy.jpeg" alt="A table topped with fried chicken , macaroni and cheese , and biscuits."/> </div> <div data-rss-type="text"> <p> <strong> Krispy Krunchy Chicken to open over 600 locations in 2025 </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> A fast-growing store-in-store quick service restaurant concept isn’t resting on its laurels after a busy 2024. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2025-01-27?article=krispy-krunchy-chicken-open-over-600-locations-2025" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download+%287%29.jpg" alt="A party city store with a sign that says nothing weld back"/> </div> <div data-rss-type="text"> <p> <strong> This year’s US store closings expected to surpass pandemic peak </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Shutdowns could reach 15,000, more than double last year, according to Coresight. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1665501058/this-years-us-store-closings-expected-to-surpass-pandemic-peak?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p1&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTczODE5OTU5NX0.O2tVdMaN3lYmYCR08MxTfyOIrD2Zjl4SaO2M3mwmZIY" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> Fri, 31 Jan 2025 18:41:57 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-january-31-2025 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-january-24-2025 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot-2025-01-24-at-6.49.14-AM.png" alt="An aerial view of a map showing the location of a fire"/> </div> <div data-rss-type="text"> <p> <strong> Palisades Fire Update: 77% Contained, 23,448 Acres Burned as of Friday, Jan. 24 at 6:24 a.m. </strong> </p> <p> <span> <br/> </span> </p> <p> <span> As of this morning, the Palisades Fire has reached 77% containment, having burned 23,448 acres. Overnight, Santa Ana winds brought gusts of 35-45 mph, but today’s forecast shows improving conditions, with winds shifting from northeast to southwest and increasing humidity expected by afternoon. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://malibutimes.com/palisades-fire-update-77-contained-23448-acres-burned-as-of-jan-24-at-624-a-m" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/CFACanada.jpg" alt="A chick fil a restaurant with a canadian flag flying in front of it."/> </div> <div data-rss-type="text"> <p> <strong> Chick-fil-A’s Next International Push: More Growth in Canada </strong> </p> <p> <span> <br/> </span> </p> <p> <span> The chain is targeting British Columbia for development after successful expansion into Alberta in 2024. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/chick-fil-as-next-international-push-more-growth-in-canada/?spMailingID=141588&amp;puid=2594436&amp;E=2594436" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/smoothie_king.jpg" alt="The front of a smoothie king restaurant with a blue awning."/> </div> <div data-rss-type="text"> <p> <strong> Smoothie King eyes 100+ new stores in 2025 </strong> </p> <p> <span> <br/> </span> <span> After a strong 2024, Smoothie King is projecting even more expansion in the new year. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2025-01-22?article=smoothie-king-eyes-100-new-stores-2025" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/GettyImages-495951694.webp" alt="A person is holding a brown paper bag in their hand."/> </div> <div data-rss-type="text"> <p> <strong> Consumer spending forecast to grow 3.1% this year </strong> </p> <p> <span> <br/> </span> </p> <p> <span> 2025 could be a “breakthrough year,” as retailers engaging with generative AI see some results, according to Deloitte. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.retaildive.com/news/consumer-spending-forecast-rise-2025-deloitte/737948/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/walgreens.webp" alt="The front of a walgreens store with a blue sky in the background"/> </div> <div data-rss-type="text"> <p> <strong> List of Walgreens Stores Closing in 2025 </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> In 2024 the pharmacy chain Walgreens announced it will be closing 1,200 unprofitable stores around the U.S., with some 500 of those closures set for the 2025 financial year. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.newsweek.com/list-walgreens-stores-closing-2025-2018322" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/KrystalBurger.jpg" alt="A hamburger on a bun with cheese and mustard on a marble cutting board."/> </div> <div data-rss-type="text"> <p> <strong> 90-Year-Old Krystal’s Next Act Starts with People </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> The restaurant industry has, in short order, progressed from a technology laggard to a well of shiny objects.  </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/90-year-old-krystals-next-act-starts-with-people/?spMailingID=141380&amp;puid=2594436&amp;E=2594436" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Corta.jpg" alt="A woman is sitting at a table in a restaurant."/> </div> <div data-rss-type="text"> <p> <strong> Why Cortadito Coffee House is One to Watch </strong> </p> <p> <span> <br/> </span> </p> <p> <span> The rising beverage concept infuses Cuban culture into morning coffee rituals. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/why-cortadito-coffee-house-is-one-to-watch/?spMailingID=141192&amp;puid=2594436&amp;E=2594436" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/friendlys-2.webp" alt="A restaurant with a red awning that says j on it"/> </div> <div data-rss-type="text"> <p> <strong> This Iconic Restaurant Chain Has Lost 90% of Its Locations—And Just Shut Another Down </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Friendly’s just closed another location—can the struggling chain make a comeback? </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.eatthis.com/friendlys-chain-lost-locations/" target="_blank"> Read Full Article... </a> </p> </div> Fri, 24 Jan 2025 23:56:42 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-january-24-2025 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-january-17-2025 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/joann.jpg" alt="The front of a joann handmade happiness store."/> </div> <div data-rss-type="text"> <p> <strong> Joann files for bankruptcy protection — again; seeks buyer </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Joann has filed for Chapter 11 bankruptcy protection for the second time in less than a year.  </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/joann-files-bankruptcy-protection-again-seeks-buyer?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_BreakingNews" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/retail-bankruptcy-tracker-050120-YK.webp" alt="A man and a woman are standing in a shopping mall."/> </div> <div data-rss-type="text"> <p> <strong> These retailers could file for bankruptcy in 2025 </strong> </p> <p> <br/> </p> <p> <span> From At Home to Guitar Center, here’s who’s most at risk in the year ahead. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.retaildive.com/news/retailers-could-file-bankruptcy-2025/736430/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Issue:%202025-01-13%20Retail%20Dive%20Newsletter%20%5Bissue:69423%5D&amp;utm_term=Retail%20Dive" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/attachment-Untitled-design-37.webp" alt="A store is closing and everything must go"/> </div> <div data-rss-type="text"> <p> <strong> World’s Largest Retailer to Shutter Nearly 450 American Stores – Any in NY? </strong> </p> <p> <span> <br/> </span> <span> A retailer larger than Walmart, Dollar General, and even McDonald's is getting ready to close over 400 stores nationwide. Is your store on the chopping block? </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://wbuf.com/ixp/41/p/worlds-largest-retailer-to-shutter-nearly-450-american-stores-any-in-ny/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/cosmcsrestaurant.jpg" alt="A purple and yellow building with the word cosmos on it"/> </div> <div data-rss-type="text"> <p> <strong> McDonald’s Beverage Spinoff CosMc’s to Focus on Compact, Digitally Focused Designs </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Three larger restaurants will close and two smaller prototypes will open this year. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/mcdonalds-beverage-spinoff-cosmcs-to-focus-on-compact-digitally-focused-designs/?spMailingID=140123&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=140123" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/chuckecheesestorefront.jpg" alt="The front of a chuck e cheese restaurant with a mouse on the sign."/> </div> <div data-rss-type="text"> <p> <strong> Chuck E. Cheese’s Modern Spin Kickstarts a Bold Resurgence <br/> <br/> </strong> </p> <p> <span> After a bankruptcy five years ago, the brand is fully refreshed and ready to meet all customer demands. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/chuck-e-cheeses-modern-spin-kickstarts-a-bold-resurgence/?spMailingID=140123&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=140123" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/IMG_0379.webp" alt="A green joann store with a fire hydrant in front of it."/> </div> <div data-rss-type="text"> <p> <strong> Joann closes smattering of locations across US <br/> <br/> </strong> </p> <p> <span> The stores are being shuttered as part of “routine store location evaluation and optimization,” according to a company spokesperson. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.retaildive.com/news/joann-closes-stores/736601/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Newsletter%20Weekly%20Roundup:%20Retail%20Dive:%20Daily%20Dive%2001-11-2025&amp;utm_term=Retail%20Dive%20Weekender" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/GettyImages-2152318584.webp" alt="A woman is walking down the street with shopping bags."/> </div> <div data-rss-type="text"> <p> <strong> 8 retail trends to watch in 2025 </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Each year brings unique headwinds and tailwinds. From increased attention on DEI efforts to the shifting nature of DTC, this is what we’ll be following in 2025. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.retaildive.com/news/retail-trends-to-watch-2025/735690/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Newsletter%20Weekly%20Roundup:%20Retail%20Dive:%20Daily%20Dive%2001-11-2025&amp;utm_term=Retail%20Dive%20Weekender" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/big_lots_store_0-5ff99054.jpg" alt="The front of a big lots store with a blue sky in the background"/> </div> <div data-rss-type="text"> <p> <strong> Done Deal: Big Lots closes sale to Gordon Brothers Retail Partners </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Big Lots has completed a deal that will save up to 400 of its approximate 950 stores from going out of business. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/done-deal-big-lots-closes-sale-gordon-brothers-retail-partners?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_Weekend" target="_blank"> Read Full Article... </a> </p> </div> Fri, 17 Jan 2025 19:29:21 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-january-17-2025 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-january-10-2025 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/closing-1.webp" alt="A store window with a sign that says `` sale up to 60 % ''."/> </div> <div data-rss-type="text"> <p> <strong> H&amp;M set to leave the Third Street Promenade </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Posts have appeared on the social media platform  </span> <a href="https://nextdoor.com/p/yhpRwRB-m2xk?utm_source=share&amp;slp=&amp;share_platform=10&amp;extras=ODg1MzE4ODQ%3D&amp;utm_campaign=1735846614955" target="_blank"> Nextdoor </a> <span>   </span> <span> showing a sign placed on the windows of the popular high street clothing store, H&amp;M, stating that it's closing on Saturday January 11 and the Daily Press can confirm that this is indeed correct. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smdp.com/business/hm-set-to-leave-the-third-street-promenade/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/NEW-Albertsons.webp" alt="An aerial view of an albertsons grocery store at night."/> </div> <div data-rss-type="text"> <p> <strong> Albertsons ‘more reactive than proactive’ in future buyer search </strong> </p> <p> <span> <br/> </span> <span> Albertsons Companies posted strong earnings in its third-quarter financial report Wednesday, beating analyst earnings expectations and announcing plans to cut spending by $1.5 billion over the next three years.  </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/finance/albertsons-more-reactive-than-proactive-in-future-buyer-search?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_01092025&amp;utm_campaign=63421&amp;utm_medium=email&amp;elq2=1209f30203d148fbbe6c9f65392c06ea&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/unnamed-2.webp" alt="A restaurant with a glass display case filled with food and stools."/> </div> <div data-rss-type="text"> <p> <strong> Legendary Italian sandwich shop, All’antico Vinaio, coming to downtown </strong> </p> <p> <span> <br/> </span> <span> All’antico Vinaio, a rapidly growing chain of sandwich shops that originated in Italy in 1991, is preparing to open a new location at 316 Santa Monica Blvd, formally the site of Trejo's Tacos. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smdp.com/business/legendary-italian-sandwich-shop-allantico-vinaio-coming-to-downtown/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/GettyImages-1284590120.webp" alt="A woman is taking a picture of a christmas tree with her cell phone."/> </div> <div data-rss-type="text"> <p> <strong> US retail sales rose 3.8% this holiday season </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Consumers were motivated by deals with last minute purchases accounting for 10% of all holiday spending, per Mastercard. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.retaildive.com/news/us-retail-sales-rose-38-this-holiday-season/736544/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Issue:%202025-01-07%20Retail%20Dive%20Holiday%20Edition%20%5Bissue:69211%5D&amp;utm_term=Retail%20Dive:%20Holiday%20Edition%20Recipients" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Article-Images-75-768x576.webp" alt="A building with cars parked in front of it at night"/> </div> <div data-rss-type="text"> <p> <strong> Neighborhood Shopping Centers: A National Retail Revival </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Neighborhood shopping centers are regaining investor interest, thanks to rising occupancy rates and a limited supply. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/neighborhood-shopping-centers-a-national-retail-revival/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=logistics-firms-brace-for-tariffs-but-bet-big-on-cross-border-trade" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/big_lots_store_0.jpg" alt="The front of a big lots store with a blue sky in the background"/> </div> <div data-rss-type="text"> <p> <strong> Done Deal: Big Lots closes sale to Gordon Brothers Retail Partners </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Big Lots has completed a deal that will save up to 400 of its approximate 950 stores from going out of business. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/done-deal-big-lots-closes-sale-gordon-brothers-retail-partners?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/burgerfi.jpg" alt="The front of a burger fi restaurant with a palm tree in the foreground."/> </div> <div data-rss-type="text"> <p> <strong> BurgerFi acquired by Savvy Sliders </strong> </p> <p> <span> <br/> </span> </p> <p> <span> A fast-growing Michigan-based restaurant chain has made a new acquisition. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2025-01-03?article=burgerfi-acquired-savvy-sliders" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/DutchBrosstore.jpg" alt="A car is parked in front of a dutch bros restaurant at night."/> </div> <div data-rss-type="text"> <p> <strong> Why 2025 Promises Even Bigger Things for Dutch Bros </strong> </p> <p> <span> <br/> </span> </p> <p> <span> A technology unlock has set the stage for growth on multiple fronts. <span>  </span> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/why-2025-promises-even-bigger-things-for-dutch-bros/?spMailingID=138147&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=138147" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/w-696-h-464.jpg" alt="A group of people are standing in front of a store cutting a ribbon."/> </div> <div data-rss-type="text"> <p> <a href="https://labusinessjournal.com/retail/ikea-opens-small-format-store-in-arcadia/" target="_blank"> <strong> IKEA Opens Small Format Store in Arcadia </strong> </a> </p> <p> <span> <br/> </span> </p> <p> <strong> IKEA  </strong> <span> has just opened its first ever small-format store in the Los Angeles market, an 11,000-square-foot retail shop in Arcadia. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://labusinessjournal.com/retail/ikea-opens-small-format-store-in-arcadia/" target="_blank"> Read Full Article... </a> </p> </div> Fri, 10 Jan 2025 18:27:34 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-january-10-2025 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-december-20-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/gettyimages-2182769878.webp" alt="A man is standing at a podium in front of a group of people."/> </div> <div data-rss-type="text"> <p> <strong> Key takeaways from the Fed’s third rate cut </strong> </p> <p> <span> <br/> </span> </p> <p> <span> The Federal Reserve on Wednesday  </span> <span> cut interest rates by a quarter point, </span> <span>  the third rate cut since it began to lower borrowing costs in September. </span> </p> <p> <span> The central bank’s latest move leaves its benchmark lending rate at a range of 4.25%-4.5%, a two-year low. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://edition.cnn.com/2024/12/18/economy/fed-rate-decision-december/index.html" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/saucyexterior.jpg" alt="A purple car is parked in front of a sauce restaurant."/> </div> <div data-rss-type="text"> <p> <strong> KFC’s New Saucy Concept Puts Flavor and Chicken Tenders on Center Stage </strong> </p> <p> <span> <br/> </span> <span> KFC announced Wednesday the launch of Saucy, a new spinoff concept focused primarily on sauces, chicken tenders, and a variety of creative beverages. The unit is scheduled to debut on December 23 in Orlando. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/kfcs-new-saucy-concept-puts-flavor-and-chicken-tenders-on-center-stage/?spMailingID=137857&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=137857" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/littlecaesarsstuffedcrust.jpg" alt="A pepperoni pizza with a slice taken out of it on an orange background."/> </div> <div data-rss-type="text"> <p> <strong> Report: Bain Capital Considers Purchase of 750-Unit Franchisee Sizzling Platter for Over $1 Billion </strong> </p> <p> <span> <br/> </span> <span> Private equity firm Bain Capital is reportedly looking to acquire large franchisee Sizzling Platter for more than $1 billion, including debt, according to Reuters. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/report-bain-capital-considers-purchase-of-750-unit-franchisee-sizzling-platter-for-over-1-billion/?spMailingID=137857&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=137857" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Article-Images-32-png.webp" alt="A sign that says sorry we are now closed"/> </div> <div data-rss-type="text"> <p> <strong> US Retail Closures Up 70% This Year, 1000s More to Follow </strong> </p> <p> <span> <br/> </span> </p> <p> <span> US retail is facing real challenges, with 7.1K store closures announced in 2024—up 69% YoY—led by major chains like Family Dollar and CVS. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/us-retail-closures-up-70-this-year-1000s-more-to-follow/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=us-retail-closures-up-70-thousands-more-to-follow" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/assetbank_2432155521.jpg" alt="The number 2025 is glowing in the dark on a dark blue background."/> </div> <div data-rss-type="text"> <p> <strong> Placer.ai: Seven retail trends to watch in 2025 </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Legacy brands are making a comeback. And discount and dollar stores may be in for a “readjustment.” </span> </p> <p> <span> Those are two of seven trends outlined in a new white paper from Placer.ai’s new white paper, “Retail Trends to Watch in 2025.” Key takeaways from the white paper are below. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/placerai-seven-retail-trends-watch-2025?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/mezzanine-cardio.jpg" alt="A gym with a lot of exercise equipment and a wooden ceiling."/> </div> <div data-rss-type="text"> <p> <strong> AI-Powered Gym “Fred Fitness” to Debut in Santa Monica </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Fred Fitness Is Part of a Broader Partnership With Clever Fit and Egym, Which Recently Secured $200 Million in Growth Capital. </span> </p> <p> <span> Fred Fitness, a gym offering fully AI-driven personalized workouts, is set to open its doors in January 2025 at 1344 4th Street. The company is backed by European fitness giant Clever Fit and powered by EGYM’s advanced AI technology. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smmirror.com/2024/12/ai-powered-gym-fred-fitness-to-debut-in-santa-monica/" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Taylor_Product_1.webp" alt="A woman in a dress is holding two albums in her hands."/> </div> <div data-rss-type="text"> <p> <strong> 5 retailers that need a great 2024 holiday season </strong> <span> <br/> <br/> </span> </p> <p> <span> Some companies are coming off a tough quarter, while others switched leadership or are dealing with changing consumer behavior. But all of these retailers need a W. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.retaildive.com/news/target-ulta-kohls-need-strong-holiday-season/734932/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Issue:%202024-12-18%20Retail%20Dive%20Newsletter%20%5Bissue:68941%5D&amp;utm_term=Retail%20Dive" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/burgerfi-1.jpg" alt="There are many different types of hamburgers and french fries on the table."/> </div> <div data-rss-type="text"> <p> <strong> BurgerFi Acquired by Owner of Savvy Sliders </strong> <span> <br/> <br/> </span> </p> <p> <span> The restaurant group believes the fast casual has “a ton of legs.” </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/growth/fast-casual/burgerfi-acquired-by-owner-of-savvy-sliders/?spMailingID=137717&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=137717" target="_blank"> Read Full Article... </a> </p> </div> Fri, 20 Dec 2024 17:22:43 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-december-20-2024 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-december-13-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/albertson_s_store_image.jpg" alt="An aerial view of an albertsons grocery store with a truck parked in front of it."/> </div> <div data-rss-type="text"> <p> <strong> Albertsons sues Kroger for breach of contract, calls off merger; Kroger fires back </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Albertsons Companies has moved to terminate its merger agreement with The Kroger Co. and has filed a lawsuit suing the grocery store giant for breach of contract. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/albertsons-sues-kroger-breach-contract-calls-merger-kroger-fires-back?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/New_Walgreens_Closures-f354fefe.webp" alt="A map of the united states with a lot of cities on it."/> </div> <div data-rss-type="text"> <p> <strong> Walgreens closed 58 stores across U.S. in November </strong> </p> <p> <span> <br/> </span> <span> The tsunami of some 1,200 Walgreens store closures planned for the next three years has begun with 58 locations shuttering in November, according to the  </span> <span> Supermarket News </span> <span> ’ monthly store map.  </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/new-stores/walgreens-closed-58-stores-across-u-s-in-november?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_12102024&amp;utm_campaign=63068&amp;utm_medium=email&amp;elq2=d2a7c09f99c342f0aabff39f88074586&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Article-Images-5-png.webp" alt="A miniature man standing on top of a 100 dollar bill"/> </div> <div data-rss-type="text"> <p> <strong> Federal Reserve: 15% of Maturing CRE Loans Hard to Refinance </strong> </p> <p> <span> <br/> Borrowers with loans approaching maturity in the short term should prepare to refinance in a high-rate environment. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/federal-reserve-15-of-maturing-cre-loans-hard-to-refinance/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=high-borrowing-costs-create-refinancing-hurdles-for-cre-owners" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/eegees.jpg" alt="An artist 's impression of a taco bell restaurant"/> </div> <div data-rss-type="text"> <p> <strong> 53-Year-Old Chain Eegee’s Declares Bankruptcy </strong> </p> <p> <span> <br/> </span> </p> <p> <span> The chain will undergo a sales process after closing locations, experiencing sales declines, and removing leadership. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/53-year-old-chain-eegees-declares-bankruptcy/?spMailingID=136590&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=136590" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Article-Images-1-png.webp" alt="A pharmacy shelf filled with lots of different types of medications."/> </div> <div data-rss-type="text"> <p> <strong> CVS Keeps Shuttering Walk-in Clinic Sites in Utah </strong> </p> <p> <span> <br/> </span> </p> <p> <span> CVS Health is closing its last MinuteClinic in Utah this week to adjust to shifting consumer habits and other financial challenges. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/cvs-keeps-shuttering-walk-in-clinic-sites-in-utah/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=assessing-trump-s-policy-impact-on-cre-construction" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/shipley_do-nuts.jpg" alt="A shipley donuts sign is lit up at night"/> </div> <div data-rss-type="text"> <p> <strong> Shipley Do-Nuts to bring 22 new locations to Tennessee, Florida </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Shipley Do-Nuts is planning to expand its footprint in three major southern cities. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/shipley-do-nuts-bring-22-new-locations-tennessee-florida?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_Weekend" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> Fri, 13 Dec 2024 17:29:39 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-december-13-2024 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-december-06-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/14523883061_a1126aec78_o.webp" alt="A sign on the side of a building that says marshalls"/> </div> <div data-rss-type="text"> <p> <strong> Off-price retailers aren’t too worried about tariffs </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Among the many advantages that stores like TJX, Ross and Burlington have over mainstream retail companies: some protection from protectionism. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.retaildive.com/news/off-price-retailers-protected-tariffs/734121/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Issue:%202024-12-04%20Retail%20Dive%20Newsletter%20%5Bissue:68391%5D&amp;utm_term=Retail%20Dive" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/pizzahutprototype.jpg" alt="A pizza hut restaurant with a lot of windows and a red awning."/> </div> <div data-rss-type="text"> <p> <strong> Pizza Hut Unveils New Prototype with Traditional Drive-Thru Menu </strong> </p> <p> <span> <br/> </span> <span> The prototype also puts more of an emphasis on the in-restaurant experience with kiosks and an open kitchen. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/pizza-hut-unveils-new-prototype-with-traditional-drive-thru-menu/?spMailingID=136048&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=136048" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/7-eleven.jpg" alt="A 7 eleven store that is lit up at night"/> </div> <div data-rss-type="text"> <p> <strong> 7-Eleven plans slate of new Phoenix area stores </strong> </p> <p> <span> <br/> </span> <span> A global convenience giant is opening its first stores in Arizona in a quarter-century. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/7-eleven-plans-slate-new-phoenix-area-stores?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/sweetgreenfounders.jpg" alt="Three men are posing for a picture in a restaurant."/> </div> <div data-rss-type="text"> <p> <strong> How Sweetgreen’s Founders Reinvented Fast Food by Creating Their Own Playbook </strong> </p> <p> <span> <br/> </span> </p> <p> <span> How three college friends built a lifestyle brand that provides healthy food at scale. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/how-sweetgreens-founders-reinvented-fast-food-by-creating-their-own-playbook/?spMailingID=135700&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=135700" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Burlington_ext.jpg" alt="The front of a burlington store with a sign that says ladies mens kids coats home"/> </div> <div data-rss-type="text"> <p> <strong> Burlington Stores to open 100 net new stores in 2025; Q3 sales rise 11% </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Burlington Stores reported a solid third quarter even as warmer weather took a toll on cold weather categories, including coat sales. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/burlington-stores-open-100-net-new-stores-2025-q3-sales-rise-11?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> Fri, 06 Dec 2024 23:48:11 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-december-06-2024 thumbnail main image https://www.marcperlof.com/sb-1103-are-you-prepared-to-protect-your-retail-investments-before-2025 <div data-rss-type="text"> <p> <span> Hey, Retail Real Estate Rockstars! </span> </p> <p> <span>   </span> </p> <p> <span> California's retail real estate industry is facing major changes with State Bill 1103  (“SB 1103”), a new law set to alter commercial lease terms starting January 1, 2025. To protect your property, it’s important to know these new rules, whether you own a small mall or mixed-use building. </span> </p> <p> <span>   </span> </p> <p> <strong> What is SB 1103, and Why Should You Care? </strong> </p> <p> <span> <span> SB 1103 is all about helping </span> </span> <strong> Qualified Commercial Tenants (QCTs) </strong> <span> <span> ¹ like: </span> </span> </p> <ul> <li> <span> Small businesses with 5 or fewer employees. </span> </li> <li> <span> Restaurants with less than 10 workers. </span> </li> <li> <span> Nonprofits with fewer than 20 staff members.  </span> </li> </ul> <p> <span>   </span> </p> <p> <span> This law protects renters but also adds new rules for managing properties and leases. </span> </p> <p> <span>   </span> </p> <p> <span> Here’s what’s important: </span> </p> <ul> <li> <strong> Rent Increase Notices: </strong> </li> <li> <span> Raising rent by 10% or less? You must give tenants 30 days' notice. </span> </li> <li> <span> If rent goes up more than 10%, you must give 90 days' notice. ¹ </span> </li> <li> <strong> Cost Transparency: </strong> </li> <li> <span> Operating costs (like maintenance fees) must be shared fairly among tenants. </span> </li> <li> <span> Tenants can ask for detailed cost breakdowns and proof of charges anytime. ¹ </span> </li> <li> <strong> Language Requirements: </strong> </li> <li> <span> If you discuss a lease in a language like Spanish or Chinese, the lease must be fully translated. If it’s not, tenants might be able to cancel the agreement. ¹ </span> </li> </ul> <p> <span> <span>   </span> </span> </p> <p> <strong> The Numbers Don’t Lie </strong> </p> <ul> <li> <strong> 90% of small restaurants </strong> <span> <span> in California have fewer than 10 workers, meaning they’re likely protected under this law. ¹ </span> </span> </li> <li> <span> <span> The retail vacancy rate in California was </span> </span> <strong> 4.5% in Q3 2024 </strong> <span> , so staying competitive with clear and compliant leases is crucial. ² </span> </li> </ul> <p> <span>   </span> </p> <p> <strong> What Does This Mean for Property Owners? </strong> </p> <p> <span> Good news: SB 1103 doesn’t limit rent or deposits, so you can still follow the market.¹ <br/> The challenge: Stricter regulations on rent increases, cost reporting, and translations will require you to modify your leasing procedures. </span> </p> <p> <span>   </span> </p> <p> <strong> What Should You Do Now? </strong> </p> <p> <span> <span> 1.      </span> </span> <strong> Check Your Leases: </strong> <span> <span> Make sure they follow the new notice and translation rules. </span> </span> </p> <p> <span> 2.      </span> <strong> Organize Your Costs: </strong> <span> <span> Keep records of operating costs so you can share details if tenants ask. </span> </span> </p> <p> <span> 3.      </span> <strong> Train Your Team: </strong> <span> <span> Get your staff up to speed on the new rules before they take effect. </span> </span> </p> <p> <span>   </span> </p> <p> <strong> Don’t Wait to Act! </strong> </p> <p> <span> Your transfer will go more smoothly if you begin preparing early. Although these changes are significant, you are not alone in navigating them. </span> </p> <p> <span> Call or DM me for more information on how to get your retail properties ready for SB 1103. </span> </p> <p> <span>   </span> </p> <p> <strong> What’s Next? </strong> </p> <p> <span> How will these new rules change the way you manage your tenants and leases? Are you ready to adjust your practices by 2025? </span> </p> <p> <span> <span> #RetailRealEstate #SB1103 #CommercialLeaseRegulations #RetailPropertyOwners #EconomicInsights  </span> </span> </p> <p> <span> <br/> </span> </p> <p> <span> This information does not constitute legal advice. Property owners should consult with legal counsel to ensure compliance with SB 1103 and to adjust leasing practices accordingly. The changes taking effect in January 2025 will require careful planning, particularly regarding notice requirements, documentation for operating costs, and translation obligations. </span> </p> <p> <span> <br/> </span> </p> <p> <span> Footnotes:  </span> </p> <p> <span> 1.    </span> <a href="https://legiscan.com/CA/text/SB1103/2023"> https://legiscan.com/CA/text/SB1103/2023 </a> </p> <p> <span> <span> 2.  </span> </span> <a href="https://www.colliers.com/en/research/nrep-usret-us-retail-market-statistics-q3-2024?utm_source=chatgpt.com"> https://www.colliers.com/en/research/nrep-usret-us-retail-market-statistics-q3-2024?utm_source=chatgpt.com </a> <span> <br/> </span> </p> </div> Thu, 28 Nov 2024 17:39:22 GMT https://www.marcperlof.com/sb-1103-are-you-prepared-to-protect-your-retail-investments-before-2025 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-november-22-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/4689e885fe07924d391e88c6dcc08a85.webp" alt="The logos for jack in the box and deltaco are next to each other on a white background."/> </div> <div data-rss-type="text"> <p> <strong> Jack in the Box Inc. Reports Fourth Quarter and Full-Year 2024 Earnings </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Jack in the Box same-store sales of (2.1%) in Q4 2024, (1.3%) for FY 2024. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://finance.yahoo.com/news/jack-box-inc-reports-fourth-210100072.html?guccounter=2" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/ChipotlaneEXT.jpg" alt="A fast food restaurant with tables and umbrellas in front of it."/> </div> <div data-rss-type="text"> <p> <strong> It Took Chipotle Just Five Years to Build 1,000 ‘Chipotlanes’ </strong> </p> <p> <span> <br/> </span> <span> One of the first times Chipotle spoke openly about the so-labeled “Chipotlane” was in November 2019, when former CEO Brian Niccol addressed CNBC’s Evolve Summit in Los Angeles. He claimed it was taking the brand “all of 12 seconds” to get food to customers through the format. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/it-took-chipotle-just-five-years-to-build-1000-chipotlanes/?spMailingID=134818&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=134818" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/redberry_restaurants_redberry_opens_first_of_300_jersey_mike_s_l.jpg" alt="A jersey mikes sub shop is located in a brick building."/> </div> <div data-rss-type="text"> <p> <strong> Sandwich chain Jersey Mike’s acquired for a reported $8 billion </strong> </p> <p> <span> <br/> </span> <span> Jersey’s Mike’s has been acquired by the world's largest alternative asset manager. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/sandwich-chain-jersey-mikes-acquired-reported-8-billion?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/14827035350_df714ab8c2_o.webp" alt="A sign for katz ace hardware and rental"/> </div> <div data-rss-type="text"> <p> <strong> Ace Hardware revenue grows to record $2.3B in Q3 </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Operating expenses also rose nearly 13% in the quarter as the company invests in store openings, marketing and more ad spending. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.retaildive.com/news/ace-hardware-record-third-quarter-revenue-profit-declines/733074/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Issue:%202024-11-18%20Retail%20Dive%20Newsletter%20%5Bissue:67934%5D&amp;utm_term=Retail%20Dive" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/advanceauto_0.jpg" alt="A red and white advance auto parts store with a blue sky in the background"/> </div> <div data-rss-type="text"> <p> <strong> Advance Auto Parts to close 523 corporate stores, exit 200 independent locations </strong> </p> <p> <span> <br/> </span> </p> <p> <span> Advance Auto Parts reported another quarter of declining sales and said it planned to close 700-plus stores as part of a “strategic plan to improve business performance with a focus on core retail improvements." </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/advance-auto-parts-close-523-corporate-stores-exit-200-independent-locations?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/a4811a8ee5adc7d16fe7430c3c6a4f5ca3ff536f_l.webp" alt="A parking lot with cars parked in front of a restaurant sign"/> </div> <div data-rss-type="text"> <p> <strong> More small businesses to close across from Inglewood Sports &amp; Entertainment District </strong> </p> <p> <strong> <br/> </strong> </p> <p> <span> INGLEWOOD – The city of Inglewood is in negotiations to purchase a dilapidated strip mall across the street from the Inglewood Sports and Entertainment District (ISED) that houses Hollywood Park, Intuit Dome and SoFi Stadium. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://2urbangirls.com/2024/11/more-small-businesses-to-close-across-from-inglewood-sports-entertainment-district/#google_vignette" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/dutch_bros.jpg" alt="A dutch bros store with a truck parked in front of it."/> </div> <div data-rss-type="text"> <p> <strong> Dutch Bros to accelerate openings in 2025 to 160-plus sites; testing food options </strong> </p> <p> <span> <br/> </span> <span> Dutch Bros. Inc. reported better-than-expected third-quarter earnings and sales, fueled in part by its new mobile ordering system and continued store growth. </span> <strong> <br/> </strong> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/dutch-bros-accelerate-openings-2025-160-plus-sites-testing-food-options?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_Weekend" target="_blank"> Read Full Article... </a> </p> </div> Fri, 22 Nov 2024 22:45:37 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-november-22-2024 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-november-8-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Article-Images-20.png" alt="A grocery store aisle filled with lots of fruits and vegetables."/> </div> <div data-rss-type="text"> <p> <span> Blackstone Partners X to Buy ROIC in $4B All-Cash Deal </span> </p> <p> <span> <br/> </span> </p> <p> <span> Blackstone Real Estate Partners X acquired Retail Opportunity Investments Corp. (ROIC) in a $4B all-cash transaction, including debt. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/blackstone-partners-x-to-buy-roic-in-4b-all-cash-deal/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=blackstone-moves-to-take-roic-private-in-4b-deal&amp;_bhlid=d0c1a5f2f95fd12461dfbfc6285b82d8c54e2332" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/cvs-health-ext_2-a39bb637.png" alt="A cvs pharmacy with a heart on the front of it"/> </div> <div data-rss-type="text"> <p> <span> CVS Q3 revenue rises but earnings down; makes two leadership appointments </span> </p> <p> <span> <br/> CVS Health reported mixed third-quarter results as its revenue rose but higher medical costs in its troubled health insurance arm and a big restructuring charge put pressure on its bottom line.  </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/cvs-q3-revenue-rises-earnings-down-makes-two-leadership-appointments?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGWpURB9iOpokBFotxm2vck7dpWoO9Nb_BPT3Je90xKYFb3eDyb8DBiWlina9uoxmyoebFyjOZR-XPUiauOyrCvffbvhA4H5d62bUyns8AvsE7X" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/T-T_Bellevue_Store.webp" alt="A green and white t &amp; t supermarket with a parking lot in front of it"/> </div> <div data-rss-type="text"> <p> <span> Canadian grocer T&amp;T Supermarket to open 1st U.S. store </span> <span> <br/> </span> </p> <p> <span> <br/> </span> </p> <p> <span> Canadian grocer T&amp;T Supermarket is opening its first-ever U.S. store in Bellevue, Wash. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/new-stores/canadian-grocer-t-t-supermarket-to-open-1st-u-s-store?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_11052024&amp;utm_campaign=62510&amp;utm_medium=email&amp;elq2=52f398180b9b4a6aa523b2684bcef203&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/img_679422.jpeg" alt="A living room filled with furniture in a furniture store."/> </div> <div data-rss-type="text"> <p> <span> Parent of Vitamin Shoppe and Pet Supplies Plus files bankruptcy </span> </p> <p> <span> <br/> </span> </p> <p> <span> Franchise Group has filed for bankruptcy with plans to shut down one of its retail banners. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/parent-vitamin-shoppe-and-pet-supplies-plus-files-bankruptcy?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGWmvfAX-dvN_09WNP8ttrUHLB8Mr9aGPeUttAA8QdhjRa7ulJVHqGO7Cotso21VaIJJHvZNNqQRnP_4nGhc-DYWqUXR-cu0WSf2u-3Ols6M4DE" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/wendysfrostytripleberry.jpg" alt="A pink cup of wendy 's ice cream is sitting on a table."/> </div> <div data-rss-type="text"> <p> <span> Wendy’s to Close 140 Stores as it Looks to Strengthen System, Ignite Growth </span> </p> <p> <span> <br/> </span> </p> <p> <span> The burger giant has hit big on some recent promotions as well. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/wendys-to-close-140-stores-as-it-looks-to-strengthen-system-ignite-growth/?spMailingID=132285&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=132285" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/publix.jpg" alt="A brick building with a green sign that says publix food &amp; pharmacy."/> </div> <div data-rss-type="text"> <p> <span> Publix earnings rise nearly 32%; sales up 5%; stock price increases </span> </p> <p> <span> <br/> </span> </p> <p> <span> Publix reported gains in earnings and sales for its third quarter. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2024-11-01?article=publix-earnings-rise-nearly-32-sales-5-stock-price-increases" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/closed_store.jpg" alt="An empty store with a parking lot in front of it."/> </div> <div data-rss-type="text"> <p> <span> Store closures to continue into 2025, experts say </span> </p> <p> <span> <br/> </span> <span> The wave of retail closures that was seen in 2024 is expected to continue in the months ahead. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/store-closures-continue-2025-experts-say?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGWldF4rjdcw0lLpaNrUBwaBEWbQaMgA-epXEAXTsyd1x0GKLbydKd1myFHn-xhP0FhVOOYxDtr7-OUJnpG4t55zLcjbxcU_3UC_b3QUZ159NZ4" target="_blank"> Read Full Article... </a> </p> </div> Fri, 08 Nov 2024 23:41:53 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-november-8-2024 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-november-1-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/10_18_2024_Vote_for_Safe_Neighborhoods_and_Parks.jpg" alt="A banner that says vote elect on it"/> </div> <div data-rss-type="text"> <p> <span> Council Changes Zoning Rules to Enliven Downtown </span> </p> <p> <span> <br/> </span> </p> <p> <span> The City Council Tuesday night paved the way for a more dynamic Downtown by unanimously approving updates to the City's zoning rules to allow everything from animated signs to game arcades. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2024/October-2024/10_25_2024_Council_Changes_Zoning_Rules_to_Enliven_Downtown.html" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download-8f8decf8.jpeg" alt="A starbucks coffee shop is located in a shopping center"/> </div> <div data-rss-type="text"> <p> <span> Starbucks scales back new store plans to focus on reversing sales drop </span> </p> <p> <span> <br/> </span> <span> New CEO looks at renovations in pledging ‘fundamental’ change for embattled coffee chain. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://product.costar.com/home/news/shared/723098341?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p1&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTczMDM5MTAyMX0.4C_CGHdbXaEOI7l-xyszuT3may-tbVjYXBxv1dZLPk8" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download+%281%29-d44c3f8d.jpeg" alt="An aerial view of a big lots store with cars parked in front of it."/> </div> <div data-rss-type="text"> <p> <span> More Big Lots leases hit auction block as store closings soar </span> </p> <p> <span> <span>  </span> </span> <span> <br/> </span> <span> Stalking horse buyer lands $765 million to acquire chain out of bankruptcy <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://product.costar.com/home/news/shared/706590915?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p6&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTczMDM5MTA0NH0.w4oA4xqoC3gEgWSCXEwHsPB6lCte21JvlBcUESWbJn0" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/The_exterior_of_a_Sprouts_store.webp" alt="A sprouts grocery store is located in a shopping mall."/> </div> <div data-rss-type="text"> <p> <span> Sprouts Farmers Market does not lose any speed in Q3 </span> </p> <p> <span> <br/> </span> </p> <p> <span> Sprouts Farmers Market appears to be not slowing down anytime soon.. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/finance/sprouts-farmers-market-does-not-lose-any-speed-in-q3?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_10312024&amp;utm_campaign=62453&amp;utm_medium=email&amp;elq2=e44a396181aa4e37a8de833b84939b7a&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download+%282%29.jpeg" alt="Cars are parked in front of a restaurant with red and white awnings"/> </div> <div data-rss-type="text"> <p> <span> TGI Fridays' closings could make some prime real estate available in tight retail market </span> </p> <p> <span> <br/> </span> </p> <p> <span> Struggling eatery chain grapples with inflation and customers trimming spending. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://product.costar.com/home/news/shared/2017617337?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p6&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTczMDM5MTExN30.B-5SFn951V5UquqH-cOxZVP6Dxc9twm5R8Rx6GV_XfM" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/unnamed-107.webp" alt="A group of people are standing in front of a poppy bank sign."/> </div> <div data-rss-type="text"> <p> <span> Fast-rising bank expands with new Santa Monica branch </span> <span> <br/> <br/> </span> </p> <p> <span> Poppy Bank, named one of the fastest growing banks in the nation by the Inc. 5000 list, the branch at 2729 Wilshire Blvd welcomed the Santa Monica Chamber of Commerce for a ribbon cutting ceremony Wednesday, a ceremony also attended by several Poppy Bank executives. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smdp.com/2024/10/24/fast-rising-bank-expands-with-new-santa-monica-branch/?utm_medium=email&amp;utm_source=ActiveCampaign&amp;utm_campaign=Newspack%20Newsletter%20(121460)" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/7_eleven__inc__logo_0.jpg" alt="A 7 eleven logo on a green background"/> </div> <div data-rss-type="text"> <p> <span> 7-Eleven to build 500 ‘food forward’ stores between 2025 and 2027 </span> <span> <br/> <br/> </span> <span> 7-Eleven has big plans for its new store format. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/7-eleven-build-500-food-forward-stores-between-2025-and-2027?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGWcY3vFZHocklhWcKYhGvMh5moNOIlcf1zyY4LGGc_6t8uHPlClXLYbin4I5HFCfHBbDs0SaUnk0zbrOtQYye57moScAEdHUDzEFqJwrNlWgk7" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/35102679_1677657802330476_3403782730498965504_n-e1635039616369.jpeg" alt="Two men in suits and ties are talking to each other."/> </div> <div data-rss-type="text"> <p> <span> Clippers and Rams owners come out against Inglewood people mover, as $2.4-billion project falters </span> </p> <p> <span> <br/> Plans for a 1.7-mile proposed people mover that would drop Los Angeles rail riders off at the foot of SoFi Stadium have been upended after South Bay cities voted down a request for $493 million more to build the project, putting into jeopardy $1 billion of federal funding. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://2urbangirls.com/2024/10/clippers-and-rams-owners-come-out-against-inglewood-people-mover-as-2-4-billion-project-falters/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/chuckecheesemascot.jpg" alt="A chuck e cheese mascot is standing in front of a chuck e cheese restaurant."/> </div> <div data-rss-type="text"> <p> <span> How Chuck E. Cheese is Appealing to the Next Generation of Guests </span> <span> <br/> <br/> </span> </p> <p> <span> The brand received a $350 million investment to revamp its fun centers. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/how-chuck-e-cheese-is-appealing-to-the-next-generation-of-guests/?spMailingID=131244&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=131244" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/The_exterior_of_a_Sprouts_store.webp" alt="A sprouts grocery store is located in a shopping mall."/> </div> <div data-rss-type="text"> <p> <span> Smaller is better: Sprouts Farmers Market finds success in reduced store footprint </span> </p> <p> <span> <br/> Other retailers are also leaning into smaller formats, and analysts say the trend should continue in the coming years. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/new-stores/smaller-is-better-sprouts-farmers-market-finds-success-in-reduced-store-footprint?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_10252024&amp;utm_campaign=62376&amp;utm_medium=email&amp;elq2=001f8049727a4ed4a87059f15b4ba94b&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/walmart-pet-services-staff-greets-customer-with-dog-ac3c0b23.jpg" alt="A man is standing next to a dog in a pet services store."/> </div> <div data-rss-type="text"> <p> <span> Walmart to open five new pet services centers </span> </p> <p> <span> <br/> Walmart Inc. is expanding its veterinary services offering to new locations. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/walmart-open-five-new-pet-services-centers?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_Weekend&amp;mkt_tok=ODI1LUxTUC01NDUAAAGWH3jJhn4vvLC7uBinsW918gQlXd7Ql_rOi-ITGcaNdK7ig0-54vOj5YRrC8qZ24DjIJRyrLZYwgekWsmmZdxbolDqptvB58lEJ0kl1ZO65v_d" target="_blank"> Read Full Article... </a> </p> </div> Fri, 01 Nov 2024 23:21:19 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-november-1-2024 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-october-25-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/9a43cc449fb746511db4bbb30651bb33.webp" alt="The logo for tsc tractor supply co. is shown on a white background."/> </div> <div data-rss-type="text"> <p> <span> Tractor Supply Company Reports Third Quarter 2024 Financial Results; Updates Fiscal 2024 Financial Outlook </span> </p> <p> <span> <br/> </span> </p> <p> <span> BRENTWOOD, Tenn., October 24, 2024 </span> <span> --( </span> <a href="https://www.businesswire.com/" target="_blank"> BUSINESS WIRE </a> <span> )-- </span> <span> Tractor Supply Company (NASDAQ: TSCO) </span> <span> , the largest rural lifestyle retailer in the United States (the "Company"), today reported financial results for its third quarter ended September 28, 2024. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://finance.yahoo.com/news/tractor-supply-company-reports-third-105500210.html?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAAMRiDx3w7NsZsDxYJo_Xso6h30zDnn0_LqFDD1ADxgXCXByk7pQM2tCM_WUeCbnzuggjHnmd1V4x_fq7Mn2-90AU8UDen4LCDDcYMUlXP-hLkCgYSnLepVRL7bnlQ9-w5oFHJ4s_V2Fb-GtBg3w3oodK_qMrHK_AhuMir56eIwCD" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/w-696-h-696-fit-crop.jpg" alt="A double cheeseburger with lettuce tomato and pickles"/> </div> <div data-rss-type="text"> <p> <a href="https://labusinessjournal.com/retail/fat-brands-announces-new-eatery-locations/" target="_blank"> Fat Brands Announces New Eatery Locations </a> </p> <p> <span> <br/> </span> <span> For one, the Beverly Hills restaurant chain owner and franchiser announced on Oct. 9 that it signed a deal with franchise owner Valor Acquisitions Group LLC to bring five Fazoli’s locations to Utah over the next five years. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://labusinessjournal.com/retail/fat-brands-announces-new-eatery-locations/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Promo-Instagram-Instagram-landscape-post-2024-05-09T205816.165.jpeg" alt="A group of tents are sitting on the side of the road next to a car."/> </div> <div data-rss-type="text"> <p> <span> New Community Website Outlines Santa Monica’s Homelessness Strategic Plan <br/> <br/> </span> </p> <p> <span> The City of Santa Monica has introduced a dedicated webpage to provide updates and information on its Homelessness Strategic Plan (HSP), a comprehensive initiative aimed at improving the city’s response to homelessness, as detailed in a recent City blog post. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smmirror.com/2024/10/new-community-website-outlines-santa-monicas-homelessness-strategic-plan/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/NEW_Amazon_Pharmacy.webp" alt="A woman is holding a bottle of pills and a cell phone."/> </div> <div data-rss-type="text"> <p> <span> Amazon to open 20 new pharmacies in 2025 </span> </p> <p> <span> <br/> </span> </p> <p> <span> The smaller pharmacies will allow same-day delivery of drugs to 45% of U.S. shoppers <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/grocery-pharmacy-health-care/amazon-to-open-20-new-pharmacies-in-2025?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_10222024&amp;utm_campaign=62321&amp;utm_medium=email&amp;elq2=ec04e2e874d84d6389c6dbb95ad33204&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Article-Images-63-1.png" alt="A store that is going out of business"/> </div> <div data-rss-type="text"> <p> <span> Walgreens, CVS, Big Lots Lead Over 2K Retail Store Closures </span> </p> <p> <span> <br/> </span> </p> <p> <span> Over 2K retail stores are closing this year, as major brands like Walgreens, CVS, and 7-Eleven struggle with reduced consumer spending. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/walgreens-cvs-big-lots-lead-over-2k-retail-store-closures/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=bank-ozk-caps-new-loans-at-500m-to-limit-construction-exposure&amp;_bhlid=fa5f0279631a6729a07fea2c003d708debfffb3a" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/bed_bath.jpg" alt="A bed bath and beyond store is lit up at night"/> </div> <div data-rss-type="text"> <p> <span> Bed Bath &amp; Beyond to make physical store return via deal with Kirkland’s <br/> <br/> </span> </p> <p> <span> Home décor retailer Kirkland’s has entered into a deal that will result in the return of Bed Bath &amp; Beyond brick-and-mortar stores to the U.S. retail landscape.  </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/bed-bath-beyond-make-physical-store-return-deal-kirklands?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGWUqd0udcOaQihdSq77vXPyNyizXhXdlg5aoV9XRpgDq2YkcRtu_asxGOcVRh6kDDUzWw8rHdSIKwYGmmeAvXWtLhm9gU2kLmxAqdp_1_bRxmr" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/A_new_Amazon_Grocery_storefront.webp" alt="The inside of an amazon grocery store with green and white balloons."/> </div> <div data-rss-type="text"> <p> <span> Amazon launches Amazon Grocery, its newest grocery concept </span> <span> <br/> <br/> A 3,800-square-foot ground retail space in a high-rise building in Chicago’s upscale Near North Side neighborhood is the site of  </span> <a href="https://www.supermarketnews.com/new-stores/see-the-inside-of-the-1st-amazon-grocery-concept" target="_blank"> Amazon’s next experiment </a> <span> <span>  in the supermarket business.  </span> </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/new-stores/amazon-launches-new-small-format-concept-amazon-grocery?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_10212024&amp;utm_campaign=62298&amp;utm_medium=email&amp;elq2=0816abc7d9c44bed99c24908dd4c0b20&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download-b3243448.jpeg" alt="A large building with a clock tower and a fire pit in front of it."/> </div> <div data-rss-type="text"> <p> <span> Ulta Beauty banks on new stores and markets to fuel its growth </span> </p> <p> <span> <span>  </span> </span> <span> <br/> Retailer plans 200 more brick-and-mortar locations, with goal of 1,800 total <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/1153742108/ulta-beauty-banks-on-new-stores-and-markets-to-fuel-its-growth?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=investor-sentiment-shifts-back-to-multifamily-amid-broader-cre-decline&amp;_bhlid=f9ca82c403f69e9cb56767001b6ef042623b8b8b" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/true_value_sign.jpg" alt="A large red true value sign in a building"/> </div> <div data-rss-type="text"> <p> <span> True Value declares Chapter 11, will sell itself to Do it Best </span> </p> <p> <span> <span>  </span> </span> <span> <br/> </span> </p> <p> <span> True Value Company has filed for Chapter 11 bankruptcy protection with plans to sell itself to a rival. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/true-value-declares-chapter-11-will-sell-itself-do-it-best?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_Weekend&amp;mkt_tok=ODI1LUxTUC01NDUAAAGWQ4W1CpsEkMwtjWgDhW8dHw4bdx8ZGcqKf24WrGcpUXakMbeOKce-s9g4FSXWkrJanlps7mS4uRXp0G6zRqvhzOSS_eiqnltM4HyjoVVHW1bA" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download+%281%29-76507b56.jpeg" alt="A ross store with cars parked in front of it"/> </div> <div data-rss-type="text"> <p> <span> Ross Stores rides off-price retail’s boom by opening 47 stores in past two months </span> </p> <p> <span> <br/> Company hits 2024 expansion target of 89 new locations. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://product.costar.com/home/news/shared/250067562?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p10&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTcyOTcyOTUyMH0.4cOlL29lQQWtZa0HCqIiJCDAshUyEMSYqlXMxkg6FoM" target="_blank"> Read Full Article... </a> </p> </div> Fri, 25 Oct 2024 23:21:27 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-october-25-2024 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-october-18-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/albertsons.jpg" alt="The front of a albertsons grocery store with a blue sign on it."/> </div> <div data-rss-type="text"> <p> <span> Albertsons Q2 sales growth exceeds projections </span> </p> <p> <span> <br/> </span> </p> <p> <span> Boise-based grocery conglomerate Albertsons Companies beat Wall Street analyst expectations with second quarter revenue and same-store sales. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/albertsons-q2-sales-growth-exceeds-projections?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGWM8Fk5d05p8tI9WmKZkFSWtzW10_2tjyCj8QYIXPuOuTaG6JmBFvBA85ArVOnBmVzQ_whAuJCa9x9zXR0sDG-I78kjCs92VLxtdF1f6cixu5b" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/walgreens_0_0-7a4c451d.jpg" alt="The front of a walgreens store with a street light in front of it."/> </div> <div data-rss-type="text"> <p> <span> Walgreens to close 1,200 stores, including 500 in FY25; beats Street </span> </p> <p> <span> <br/> </span> <span> Walgreens Boots Alliance exceeded analyst expectations in the fourth quarter of fiscal 2024 but still plans on shuttering roughly 15% of its U.S. store locations. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/walgreens-close-1200-stores-including-500-fy25-beats-street?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGWM8Fk5EjQ1Eu9NLI696v8fkotgRz5T22zUSBkFqgDO36O8pPUu0kYSUHwg9I9eB-nbLK6fl6mofN-uOXefWWFV2JGKnMlYlPHyBN2cCVKMDX7" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/True_Value_Truck_1_1.webp" alt="A red and white truck with the word true value on the side is parked in a parking lot."/> </div> <div data-rss-type="text"> <p> <span> True Value files for Chapter 11 <br/> <br/> </span> </p> <p> <span> The 75-year-old brand, whose stores are largely excluded from the bankruptcy, is seeking court approval to sell itself to rival Do it Best for $153 million. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.retaildive.com/news/hardware-retailer-true-value-files-chapter-11-bankruptcy-sale-do-it-best/729823/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Issue:%202024-10-15%20Retail%20Dive%20Newsletter%20%5Bissue:66824%5D&amp;utm_term=Retail%20Dive" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/NEW_Kroger-Albertsons.webp" alt="A kroger store and an albertsons market street store"/> </div> <div data-rss-type="text"> <p> <span> Aldi and Save Mart likely considered buying divested Kroger, Albertsons stores </span> </p> <p> <br/> </p> <p> <span> A witness in the Colorado antitrust case appears to have accidentally revealed the names of two potential divestiture partners. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/mergers-acquisitions/aldi-and-save-mart-likely-considered-buying-divested-kroger-albertsons-stores?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_10152024&amp;utm_campaign=62223&amp;utm_medium=email&amp;elq2=8ad7d6874c4c496f843dd42a8a84acd4&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/7-Eleven_0.jpg" alt="A 7 eleven sign against a blue sky"/> </div> <div data-rss-type="text"> <p> <span> 7-Eleven parent to shutter over 400 North American stores, change name </span> </p> <p> <span> <br/> </span> </p> <p> <span> The Japanese company that operates 7-Eleven convenience stores is closing underperforming stores, among other strategic initiatives. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/7-eleven-parent-shutter-over-400-north-american-stores-change-name?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGWLpryyOS5UqavidK9u5djDG73KqXm4jyfWa931H_Whyf9_cHEHb8aEZaBpSEwVXFshzsyFWEY5lDBVC21Wl69n5qWdy79J-5grlieeosQIVZg" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> Fri, 18 Oct 2024 23:21:50 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-october-18-2024 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-october-11-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/IMG_7438.jpg" alt="A blue sign that says the google store is coming soon"/> </div> <div data-rss-type="text"> <p> <span> Google Is Opening a Store on Third Street Promenade </span> </p> <p> <span> <br/> </span> </p> <p> <span> 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. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smmirror.com/2024/09/google-is-opening-a-store-on-third-street-promenade/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-10-16+010458.png" alt="A map of the united states showing the share of out of state movers"/> </div> <div data-rss-type="text"> <p> <span> Where out-of-state movers are going </span> </p> <p> <span> <br/> </span> <span> 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. </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://www.axios.com/2024/10/03/american-states-moving-population-migration" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download+%286%29.jpg" alt="A 7 eleven store with cars parked in front of it"/> </div> <div data-rss-type="text"> <p> <span> 7-Eleven gets new, higher buyout offer from Circle K's parent </span> </p> <p> <span> <br/> </span> </p> <p> <span> 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. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://product.costar.com/home/news/shared/1716019140?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p5&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTcyODU3NzQ5M30.EZ6X1fhMpp_Oc6dccMuvU9I3WmPz_77hoNEbZGMGdb8" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/walmart-pet-services-staff-greets-customer-with-dog.jpg" alt="A man is standing next to a dog in a pet services store."/> </div> <div data-rss-type="text"> <p> <span> Walmart to open five new pet services centers </span> </p> <p> <span> <br/> </span> </p> <p> <span> 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. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/walmart-open-five-new-pet-services-centers?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGWD7b_0PpnmQGSXTcvq9fbOVC-DuvJXmWIYgDcYG0tsrOPToWkEel2X_Wv-ewUnVWbVpnV2MDfZ_hYIBtsVIBae-2HdPDS88vYwVvJp2z2DjyU" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/daveshotchickenfood.jpg" alt="A large tray of food including chicken , french fries , hot dogs , macaroni and cheese and pickles."/> </div> <div data-rss-type="text"> <p> <span> How Dave’s Hot Chicken Transformed a $900 Pop-Up Into a Fast-Casual Growth Engine </span> </p> <p> <span> <br/> </span> </p> <p> <span> With its authentic hot chicken and a solid franchise model, the rising chain continues to attract operators and customers. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/how-daves-hot-chicken-transformed-a-900-pop-up-into-a-fast-casual-growth-engine/?spMailingID=128906&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=128906" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/aaron_s_new_store.jpg" alt="A white building with a brown sign that says aaron 's"/> </div> <div data-rss-type="text"> <p> <span> Done Deal: The Aaron's Company acquired for $504 million </span> </p> <p> <span> <br/> </span> </p> <p> <span> 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. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2024-10-04?article=done-deal-aarons-company-acquired-504-million" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/jack_in_the_box.jpg" alt="The outside of a jack in the box restaurant"/> </div> <div data-rss-type="text"> <p> <span> Jack in the Box ramps up growth plans for Chicago </span> </p> <p> <span> <br/> </span> </p> <p> <span> Jack in the Box is planning to further its re-entry into Chicago with a new franchise agreement. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/jack-box-ramps-growth-plans-chicago" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/dickeys-bbq-pit-3-meat-plate-fries-sauce-mac-and-cheese.webp" alt="A plate of meat and french fries on a wooden table."/> </div> <div data-rss-type="text"> <p> <span> 5 Fast-Growing BBQ Chains You're About To See Everywhere </span> </p> <p> <span> <br/> </span> </p> <p> <span> 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. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.eatthis.com/fast-growing-bbq-chains/?utm_source=Iterable&amp;utm_medium=email&amp;utm_campaign=campaign_11274917&amp;utm_source=nsltr&amp;utm_medium=email&amp;utm_campaign=etntNewsletter" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> Fri, 11 Oct 2024 17:29:30 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-october-11-2024 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-october-4-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/figs.png" alt="A store front with a sign that says why wear scrubs when you can wear figs"/> </div> <div data-rss-type="text"> <p> <a href="https://labusinessjournal.com/retail/second-figs-store-is-a-hit-for-its-shareholders/" target="_blank"> Second Figs Store Is a Hit for Its Shareholders </a> </p> <p> <span> <br/> </span> </p> <p> <span> Medical scrub maker  </span> <span> Figs Inc. </span> <span> <span>  has seen its stock price soar after opening a second retail location. </span> </span> <span> The Santa Monica apparel manufacturer for health care professionals said on Sept. 18 that it had opened a new retail shop in Philadelphia. That day its stock price closed at $5.57. By the close of the market on Sept. 24, the stock price was at $6.46, an increase of 16%. The shares closed at $6.77 on Sept. 26. </span> </p> <p> <br/> </p> </div> <div data-rss-type="text"> <p> <a href="https://labusinessjournal.com/retail/second-figs-store-is-a-hit-for-its-shareholders/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/goodtimesdrivethrurestaurant.jpg" alt="A good times restaurant is located on the corner of a street."/> </div> <div data-rss-type="text"> <p> <span> Good Times Modernizes with Fresh Design and Local Art </span> </p> <p> <span> <br/> </span> <span> The Colorado-based burger joint has remodeled five units with an updated bright and cheerful color scheme and charming murals.  </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://www.qsrmagazine.com/story/good-times-modernizes-with-fresh-design-and-local-art/?spMailingID=127811&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=127811" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/whataburgermeal.jpg" alt="A hamburger , french fries and a drink are on a table."/> </div> <div data-rss-type="text"> <p> <span> How Whataburger Maintains its Enduring Legacy </span> </p> <p> <span> <br/> </span> </p> <p> <span> The 74-year-old business is still performing at a high level with 1,000-plus stores and a nearly $4 million AUV. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/how-whataburger-maintains-its-enduring-legacy/?spMailingID=127615&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=127615" target="_blank"> Read Full Article... </a> </p> </div> Fri, 04 Oct 2024 16:54:37 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-october-4-2024 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-september-27-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/cfadelivery-7.jpg" alt="A chicken sandwich , french fries , and chicken nuggets are on a table."/> </div> <div data-rss-type="text"> <p> <span> Chick-fil-A to Spend $100 Million on U.K. Growth Push </span> </p> <p> <span> <br/> </span> </p> <p> <span> Talk of Chick-fil-A’s international ambitions  </span> <span> began to stir in March 2023 </span> <span>  when CEO Andrew Cathy told The Wall Street Journal the U.S.’ third-highest earning restaurant chain would invest $1 billion to explore growth in Europe and Asia by 2025. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/chick-fil-a-to-spend-100-million-on-u-k-growth-push/?spMailingID=127419&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=127419" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/drugstore.png" alt="A large room with a lot of windows and a fence in the middle of it."/> </div> <div data-rss-type="text"> <p> <span> Why the local drugstore could become a plasma collection center, restaurant or even a dog park </span> </p> <p> <span> <br/> </span> <span> To get a sense of what's happening to shuttered drugstores as national chains streamline, take a look at one retail building in the affluent Atlanta suburb of Alpharetta, Georgia. Where pharmacists once dispensed pills and shoppers bought toothpaste, dog owners can now sip cocktails and nibble on appetizers as their pooches play in a fenced-in park adjacent to the restaurant. </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://product.costar.com/home/news/shared/1779408438?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p1&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTcyNzM2NjY1MH0.lVpUAhaVjfYpFzd3gx92KLgcnnFEtTqMRdPfkpIA5Rs" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-10-01+003327.png" alt="A sign that says shops at hollywood park on it"/> </div> <div data-rss-type="text"> <p> <span> Hollywood Park celebrates grand opening of new retail district in Inglewood </span> </p> <p> <span> <br/> </span> </p> <p> <span> LOS ANGELES (KABC) -- After many years of planning and construction, The Hollywood Park retail district is officially open. The shopping destination is touted as the L.A. area's newest and one its largest mixed-used developments, with stores like JD Sports eager to let customers know their doors are finally open. </span> </p> <p> <span> <span>  </span> </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://abc7.com/post/hollywood-park-celebrates-grand-opening-new-retail-district-inglewood/15327414/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/pizzahutstuffedcrust.jpg" alt="A person is taking a slice of pepperoni pizza from a pizza on a wooden cutting board."/> </div> <div data-rss-type="text"> <p> <span> Bankrupt Pizza Hut Operator EYM Pizza to Sell All of its Locations </span> </p> <p> <span> <br/> </span> </p> <p> <span> Bankrupt Pizza Hut franchisee EYM Pizza </span> <span> <span>  is planning to sell its 127 restaurants as part of a financial restructuring. </span> </span> <span> The company is partnering with National Franchise Sales, an M&amp;A advisory and brokerage firm, to identify qualified buyers and facilitate the sale. The main goal is to maximize recovery for creditors and find a path forward for the restaurants. The locations are based in Illinois, Indiana, Wisconsin, South Carolina, and Georgia. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/bankrupt-pizza-hut-operator-eym-pizza-to-sell-all-of-its-locations/?spMailingID=127233&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=127233" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/retail_space.jpg" alt="A building with two for lease signs on the windows"/> </div> <div data-rss-type="text"> <p> <span> Report: Less than 5% of retail space available at end of August </span> </p> <p> <span> <br/> </span> </p> <p> <span> Availability of retail property is continuing to shrink to historic levels, according to new data from CoStar Analytics. The real estate data firm says that just 4.5% of the total amount of retail space was available for lease at the end of August. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/report-less-5-retail-space-available-end-august?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGVwnYSOgeMTNdcNJV-gMuSCtoG9ra96mxerKR6A0BfMCWEG0jjnqGehT2ZwaSjKiNWQcjIxiy5grBk6I1HgIAUguk0I-5bufpcwfu9WU51-R6Z" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Ollies-Bargain-Outlet-logo_0_0.jpg" alt="The logo for ollie 's bargain outlet is on a yellow background."/> </div> <div data-rss-type="text"> <p> <span> Ollie’s Bargain Outlet in Texas expansion </span> </p> <p> <span> <br/> </span> </p> <p> <span> Ollie’s Bargain Outlet has expanded its footprint in the Lone Star State. The retailer of closeout merchandise and excess inventory has opened 10 stores in Texas! The new locations were all former 99 Cents Only Stores.  <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2024-09-23?article=ollies-bargain-outlet-texas-expansion" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Kroger_and_Albertsons_store_logos.webp" alt="Two logos for kroger and albertsons companies on a white background"/> </div> <div data-rss-type="text"> <p> <span> Analysts: FTC should win Kroger, Albertsons merger case </span> </p> <p> <span> <br/> </span> </p> <p> <span> While U.S. District Judge Adrienne Nelson mulls over details in the Federal Trade Commission-Kroger, Albertsons merger trial, which closed on Tuesday in Portland, Ore., market analysts are offering their take, and it does not look promising for the grocers. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/mergers-acquisitions/analysts-ftc-should-win-kroger-albertsons-merger-case?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_09232024&amp;utm_campaign=61884&amp;utm_medium=email&amp;elq2=c31ff9729a614d9c9aa95e6676820917&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> Fri, 27 Sep 2024 16:40:35 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-september-27-2024 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-september-20-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/2024-09-18-fed-target-rate-index-superJumbo-v2.webp" alt="A graph showing the federal funds target rate"/> </div> <div data-rss-type="text"> <p> <span> Fed Announces Big Rate Cut </span> </p> <p> <br/> </p> <p> <span> We concluded that this was the right thing for the economy and the people we serve,” the Federal Reserve chair, Jerome Powell, said, referring to the central bank’s decision to cut interest rates by half a point. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.nytimes.com/live/2024/09/18/business/fed-interest-rates" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/u.s.departmentoflaborHQ.jpg" alt="A sign for the united states department of labor is in front of a large building"/> </div> <div data-rss-type="text"> <p> <span> U.S. Inflation Eases to Lowest Level in Three Years </span> </p> <p> <span> <br/> </span> <span> The consumer price index for August rose 0.2%, as expected, and 2.5% year-over-year, below forecasts for a 2.6% rise and a notably cooler pace than the 2.9% reading in July – the smallest increase since January 2021 and the fifth straight pullback. Core CPI inflation, excluding food and energy, rose 0.3% in August versus expectations of 0.2% and 3.2% from a year ago, reported the Bureau of Labor Statistics (BLS). </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://www.connectcre.com/stories/breaking-news-u-s-inflation-eases-to-lowest-level-in-three-years/?utm_medium=email&amp;_hsmi=324157348&amp;utm_content=324157348&amp;utm_source=hs_email" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/AWRestaurant.jpg" alt="A sign for aw burgers and floats is above a building"/> </div> <div data-rss-type="text"> <p> <span> As it Returns to Growth, A&amp;W’s Quality Remains its Value Proposition </span> </p> <p> <span> <br/> </span> </p> <p> <span> There’s been some industry chatter lately of “getting to the other side.” Hold fort on price, as much as possible, and withstand soft traffic until consumer confidence rebounds on the downslope of inflation. It’s not an unfamiliar story. A&amp;W has been around 105 years and navigated two pandemics, the Great Depression and Recession, and countless economic and societal twists along the way. </span> <span> <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/as-it-returns-to-growth-aws-quality-remains-its-value-proposition/?spMailingID=126473&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=126473" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-09-24+at+12.56.11-AM.png" alt="A mexican footwear retailer is opening a store in santa monica as its first outpost in the u.s."/> </div> <div data-rss-type="text"> <p> <span> Culto flagship shoe store to open on Santa Monica's Third Street Promenade </span> </p> <p> <span> <br/> </span> </p> <p> <span> A Mexican footwear retailer is opening a store in Santa Monica as its first outpost in the U.S. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.bizjournals.com/losangeles/news/2024/09/18/grupo-innovasport-culto-santa-monica-third-street.html" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/shopfront-scaled.webp" alt="The front of a jewel shop with a sign that says liquidation"/> </div> <div data-rss-type="text"> <p> <span> Santa Monica is the most expensive city to conduct business according to study </span> </p> <p> <span> <br/> </span> </p> <p> <span> The cost of doing business in Santa Monica is exorbitantly high compared to other cities according to a new study published by Claremont McKenna College’s Rose Institute of State and Local Government. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smdp.com/2024/09/17/santa-monica-is-the-most-expensive-city-to-conduct-business-according-to-new-study/?utm_medium=email&amp;utm_source=ActiveCampaign&amp;utm_campaign=Newspack%20Newsletter%20(119450)" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/tea-odd-one-out-brings-boba-products-to-the-promenade-including-the-award-winning-champion-milk-tea-photo-by-thomas-leffler.webp" alt="A cup of bubble tea with a straw on a table."/> </div> <div data-rss-type="text"> <p> <span> Boba brand brings high-quality tea to Promenade </span> </p> <p> <span> <br/> </span> </p> <p> <span> Originally concocted in 1980s Taiwan, the country is still bubbling with excitement over the product today, leading to Ronald Chan and Patrick Sun opening Odd One Out in 2022. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smdp.com/2024/09/17/boba-brand-brings-high-quality-tea-to-promenade/" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/The_hands_of_a_woman_pushing_a_shopping_cart.webp" alt="A person is pushing a shopping cart in a grocery store."/> </div> <div data-rss-type="text"> <p> <span> Americans are not feeling very positive about grocery, restaurants </span> </p> <p> <span> <br/> </span> </p> <p> <span> For just the second time in nearly a quarter century, consumers aren’t feeling very happy about grocery stores, according to the latest Gallup Work and Education survey. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/grocery-trends-data/americans-are-not-feeling-very-positive-about-grocery-restaurants?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_09172024&amp;utm_campaign=61803&amp;utm_medium=email&amp;elq2=ad0854ee8f8047fe9597de86639e4ccb&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/August-grocery-sales-climb.webp" alt="A shopping cart with a red arrow pointing upwards."/> </div> <div data-rss-type="text"> <p> <span> August grocery sales climb 7% YOY to $9.9B </span> </p> <p> <span> <br/> </span> </p> <p> <span> The U.S. online grocery market ended August with $9.9 billion in monthly sales, a 7% increase over last year as all three fulfillment methods posted year-over-year sales growth according to the most recent Brick Meets Click/Mercatus Grocery Shopper Survey fielded August 30-31. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/finance/august-grocery-sales-climb-7-yoy-to-9-9b?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_09172024&amp;utm_campaign=61803&amp;utm_medium=email&amp;elq2=ad0854ee8f8047fe9597de86639e4ccb&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/.webp" alt="An artist 's impression of a costco store"/> </div> <div data-rss-type="text"> <p> <span> Groundbreaking for Costco, apartment development in South Los Angeles slated for this week </span> </p> <p> <span> <br/> </span> </p> <p> <span> The groundbreaking for a new mixed-used apartment development, which will bring the  </span> <a href="https://ktla.com/news/local-news/costco-with-800-apartment-units-built-on-top-could-be-coming-to-south-los-angeles/" target="_blank"> first Costco to South Los Angeles and 800 new apartments </a> <span> , is slated for Wednesday. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://ktla.com/news/local-news/groundbreaking-for-costco-apartment-developement-in-south-los-angeles-slated-for-this-week/" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> Fri, 20 Sep 2024 17:07:27 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-september-20-2024 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-september-13-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/extrawide_3x1.jpg" alt="A trolley is going up a hill on a city street."/> </div> <div data-rss-type="text"> <p> <span> How Far and Fast Will the Fed Cut Rates? </span> </p> <p> <span> <br/> </span> </p> <p> <span> 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. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.morganstanley.com/ideas/fed-rate-cuts-how-much-rate-forecast-2024-2025?subscribed=true&amp;dis=em_2024912_wm_5ideasarticle&amp;et_mid=633247&amp;et_mkid=&amp;sfmc_id=176080582" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/pexels-photo-5632397.jpeg" alt="A shopping cart filled with money next to a laptop computer."/> </div> <div data-rss-type="text"> <p> <span> Forrester: Amazon and Walmart to capture one-fourth of U.S. retail sales by 2029 </span> </p> <p> <span> <br/> </span> <span> Two retail giants are poised to dominate the U.S. retail landscape in the years to come.  </span> <span> 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.  </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://chainstoreage.com/forrester-amazon-and-walmart-capture-one-fourth-us-retail-sales-2029?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGVhKlTbhK4j3E2piU-GszUoB67jVN_ICArPd6IUY_51xMZ3QiktAovbwmDzUhWfds53ob112JVewIYuJFiffLiAMe5cuU-iHrGW1oSIBKJ68L9" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/20211011-SCVL_MesquiteStoreFront.webp" alt="A shoe carnival store is located in a brick building."/> </div> <div data-rss-type="text"> <p> <span> The big switch: Why Shoe Carnival is flipping some of its stores into Shoe Stations </span> </p> <p> <span> <br/> </span> </p> <p> <span> <span> Shoe Carnival is switching things up. </span> </span> <span> The company has been engaging in tests of replacing some of its namesake stores with one of its other banners, Shoe Station.  </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.retaildive.com/news/shoe-carnival-shoe-station-rebanner-switch/726647/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Issue:%202024-09-11%20Retail%20Dive%20Newsletter%20%5Bissue:65743%5D&amp;utm_term=Retail%20Dive" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/StarbucksSTORE.jpg" alt="A starbucks store with a sign in the window"/> </div> <div data-rss-type="text"> <p> <span> Starbucks to Re-Emphasize Role as Community Coffeehouse Under New CEO </span> </p> <p> <span> <br/> </span> </p> <p> <span> 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. </span> </p> <p> <span> <span>  </span> </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/starbucks-to-re-emphasize-role-as-community-gathering-place-under-new-ceo/?spMailingID=125439&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=125439" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/August_2024_openings_RESIZED.webp" alt="A map of the united states with a lot of cities on it"/> </div> <div data-rss-type="text"> <p> <span> CVS shutters 19 stores, while dollar stores surge across the U.S. </span> </p> <p> <span> <br/> </span> </p> <p> <span> 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. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/new-stores/cvs-shutters-19-stores-while-dollar-stores-surge-across-the-u-s-?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_09112024&amp;utm_campaign=61712&amp;utm_medium=email&amp;elq2=ba91039ce7d44b89954957cbcc4325e8&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> <p> <span> <span>  </span> </span> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/big_lots_store_closing.jpg" alt="The front of a big lots store with a closing sign."/> </div> <div data-rss-type="text"> <p> <span> Placer.ai: Big Lots closures indicate chain will focus on lower-income markets </span> </p> <p> <span> <br/> </span> </p> <p> <span> 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. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/placerai-big-lots-closures-indicate-chain-will-focus-lower-income-markets?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGVf4UDDSbw7a3E49DchYyV2LnELVc5vfda1o6qDSiGg4FKUYwKJGWtdcpRuWA1uQVuy2dRJ6BZCq9AxfQXGvoXKXdbiFq-ji_8_uBLDcfHzRMV" target="_blank"> Read Full Article... </a> </p> <p> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/freddys_exterior_8.22_1.jpg" alt="A freddy 's ice cream parlor is located in a parking lot at dusk."/> </div> <div data-rss-type="text"> <p> <span> Freddy's adds 21 stores to pipeline; to enter new state </span> </p> <p> <span> <br/> </span> </p> <p> <span> Freddy’s Frozen Custard &amp; Steakburgers is continuing to roll out plans for new stores. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/freddys-adds-21-stores-pipeline-enter-new-state?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGVf4UDDc2E4BxKl1yTbVRCFQBfGa8pQSEO0g9DMtzPJsrpW_DeVb5W7PhcTvi3BebSSesSvepmKM8grNhZ88DW9Zq956OxVyuI1tTiujHvXQsh" target="_blank"> Read Full Article... </a> </p> <p> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download+%283%29-dd8866de.jpg" alt="A large building with a lot of cars parked in front of it."/> </div> <div data-rss-type="text"> <p> <span> Demand for retail space keeps rising despite limited availability </span> </p> <p> <span> <br/> </span> </p> <p> <span> While concerns over an increase in store closing announcements dominated headlines, retail tenants remained firmly in expansion mode during the second quarter. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://product.costar.com/home/news/shared/638974484?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=insights&amp;utm_content=p2&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTcyNjE1NzU2N30.Ls4bQHQ6YdDtaSXGSC6X0aw6jQz3Mj2TeuT6DnjQv0o" target="_blank"> Read Full Article... </a> </p> <p> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download+%284%29.jpg" alt="A map showing 99 cents only closures provide an opportunity for retailers."/> </div> <div data-rss-type="text"> <p> <span> What happened to Phoenix’s shuttered 99 Cents Only stores? </span> </p> <p> <span> <br/> </span> </p> <p> <span> Discount retailer 99 Cents Only filed for bankruptcy protection in April 2024, closing 371 stores across the United States. <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://product.costar.com/home/news/shared/1197186283?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=insights&amp;utm_content=p5&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTcyNjE1NzYwOH0.0uCc8Mln_SLorv1wx3qaQo835gs4JsfaY7MB4MukoCk" target="_blank"> Read Full Article... </a> </p> <p> <span> <br/> </span> </p> </div> Fri, 13 Sep 2024 16:15:57 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-september-13-2024 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-september-6-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/S62SJX75TJJOFH3DGL7UPBTFKY.jpg" alt="A rite aid store with a tree in front of it"/> </div> <div data-rss-type="text"> <p> <span> US pharmacy chain Rite Aid to operate as a private company as it emerges from bankruptcy </span> </p> <p> <span> <br/> </span> </p> <p> <span> 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. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.reuters.com/business/healthcare-pharmaceuticals/rite-aid-operate-private-company-it-emerges-chapter-11-bankruptcy-2024-09-03/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/playabowlspuravida.jpg" alt="A bowl of acai bowl with blueberries and strawberries and a spoon."/> </div> <div data-rss-type="text"> <p> <span> Playa Bowls Acquired by Another Private Equity Firm </span> </p> <p> <span> <br/> </span> <span> <span> Playa Bowls, a 250-unit superfruit bowl concept, has been purchased by Sycamore Partners. </span> </span> <span> The company was previously owned by Tamarix Equity Partners and other investors. </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://www.qsrmagazine.com/story/playa-bowls-acquired-by-another-private-equity-firm/?spMailingID=124624&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=124624" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/burlington.jpg" alt="A burlington store with cars parked in front of it."/> </div> <div data-rss-type="text"> <p> <span> Burlington income soars, sales jump; on track to open 100 stores </span> </p> <p> <span> <br/> </span> </p> <p> <span> Burlington Stores reported better-than-expected second-quarter results with profit that more than doubled as consumers shopped its stores for deals. </span> </p> <p> <span> <span>  </span> </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/burlington-income-soars-sales-jump-track-open-100-stores?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGVW3aqb2PgR6S3x-9fThPsM36JYPmHTN9trAczxZ6bvR2UQ3dxE0M_Qbz6CFUVXO0f_UZTKWbASQ3kdZt4f3xLwrEHxcxqWQcYyoRwKQnG2ap-" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot-2024-09-02-9.13.23-PM.png" alt="A car is parked in front of a building with the number 202 on it"/> </div> <div data-rss-type="text"> <p> <span> 100-Year-Old Venice Building Set for New Restaurant: Report </span> </p> <p> <span> <br/> </span> </p> <p> <span> Chef Travis Lett, known for his work with the Gjelina Group, is spearheading a new restaurant project in Venice, according to LA Eater.  </span> </p> <p> <span> <span>  </span> </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://yovenice.com/2024/09/02/100-year-old-venice-building-set-for-new-restaurant-report/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/best_byy.jpg" alt="A blue building with a yellow sign that says best buy"/> </div> <div data-rss-type="text"> <p> <span> Best Buy tops Street, lifts full-year guidance </span> </p> <p> <span> <br/> </span> </p> <p> <span> <span> Best Buy reported better-than-expected earnings and sales for its second quarter and raised its full-year guidance. </span> </span> </p> <p> <span> <span>  </span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/best-buy-tops-street-lifts-full-year-guidance?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGVVk_H3cb3KEmw-wQJYpCp1XicvGqnDWrbbBQHcfR3cUkli8n-aSZ2pLRGKwuiSFWJV0op-xkXUsUOAf1StuBL_C0xa_EV_fwjFlUyCbh62hof" target="_blank"> Read Full Article... </a> </p> <p> <br/> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/tropicalsmoothiecafe-1.jpg" alt="A fast food restaurant with umbrellas and tables in front of it."/> </div> <div data-rss-type="text"> <p> <span> Tropical Smoothie Cafe to Stay the Course Under New Ownership </span> </p> <p> <span> <br/> </span> </p> <p> <span> 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. </span> </p> <p> <span> <span>  </span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/tropical-smoothie-cafe-to-stay-the-course-under-new-ownership/?spMailingID=124360&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=124360" target="_blank"> Read Full Article... </a> </p> <p> <br/> </p> </div> Fri, 06 Sep 2024 20:20:37 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-september-6-2024 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-august-30-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/cavagrilledsteak.jpg" alt="A bowl of salad with a fork and a drink on a table."/> </div> <div data-rss-type="text"> <p> <span> The 50 QSR Contenders for 2024 </span> </p> <p> <span> <br/> </span> </p> <p> <span> The QSR 50 is an annual ranking of limited-service restaurant companies by U.S. system-wide sales. QSR magazine collected information directly from restaurant companies from March to May 2024. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/top-50-qsr-contenders-2024/?spMailingID=123725&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=123725" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/shakeshackdrivethru.jpg" alt="A rendering of a drive thru at a fast food restaurant"/> </div> <div data-rss-type="text"> <p> <span> Shake Shack to Close Nine Underperforming Restaurants </span> </p> <p> <span> <br/> </span> <span> The chain will suffer losses between $28 million to $30 million as a result. </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://www.qsrmagazine.com/story/shake-shack-to-close-nine-underperforming-restaurants/?spMailingID=124260&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=124260" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/shutterstock_2231144555_0.jpg" alt="A sign for abercrombie &amp; fitch is lit up at night"/> </div> <div data-rss-type="text"> <p> <span> Abercrombie &amp; Fitch on fire as Q2 sales soar 21% </span> </p> <p> <span> <br/> </span> </p> <p> <span> Abercrombie &amp; Fitch Co. delivered another strong quarter with broad-based growth across all its brands, regions and channels. </span> <span> <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/abercrombie-fitch-fire-q2-sales-soar-21?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGVPJBWkIjwehH2yivY9blreRwxuAqiuvVNEvztwrOtGn3WLsXwtsDS-D994lesq8Xcp6c6V3eDA_1ndSJZjtdcHHLUfL5Tdr4PdF4YoHmXA1Mr" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/sprouts-store-inside-2.jpg" alt="A grocery store filled with lots of fruits and vegetables."/> </div> <div data-rss-type="text"> <p> <span> Sprouts to open 21 stores by year's end — here's where </span> </p> <p> <span> <br/> </span> </p> <p> <span> Sprouts Farmers Market isn't letting up on expansion: It has over 100 approved new stores in the pipeline.  </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=2d90212c9e&amp;e=e51f618df5" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/cavalifestyleimage.jpg" alt="A man and a woman are sitting at a table eating food."/> </div> <div data-rss-type="text"> <p> <span> Why CAVA Rejects the ‘Value Wars’ Label in Today’s Restaurant Landscape </span> </p> <p> <span> <br/> </span> </p> <p> <span> The fast casual is seeing positive sales and traffic, and that’s because it’s focused on more than just price point. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/why-cava-rejects-the-value-wars-label-in-todays-restaurant-landscape/?spMailingID=123991&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=123991" target="_blank"> Read Full Article... </a> </p> <p> <span> <span>  </span> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download-f42639d4.jpeg" alt="Chart"/> </div> <div data-rss-type="text"> <p> <span> Expanding Retail Tenants Remain Active in Hunt for New Locations </span> </p> <p> <span> <br/> </span> </p> <p> <span> Retailers shook off numerous economic headwinds and signed leases for slightly more than 52 million square feet during the second quarter, an increase of more than 10% compared to the leasing averages recorded over the past two years for that quarter — and the most retail space leased in a three-month span since the first quarter of 2022. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=5fd3f0b027&amp;e=e51f618df5" target="_blank"> Read Full Article... </a> </p> <p> <span> <span>  </span> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download+%281%29.jpeg" alt="An aerial view of a city skyline with lots of tall buildings."/> </div> <div data-rss-type="text"> <p> <span> Local Los Angeles Retail Space Demand Among Worst in US </span> </p> <p> <span> <br/> </span> </p> <p> <span> Since the beginning of 2024, retail market vacancy in Los Angeles has been on the rise. </span> </p> <p> <span> The metric hit 5.6% in late August, and, year to date, the market has seen around 2 million square feet of negative net absorption — its worst posting since 2020. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://product.costar.com/home/news/shared/1283508275?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p5&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTcyNDk3NjU2M30.j8Iq_zkf8RXY7Zg4nitplSZPmagM7ykIQCsxGm-sBiY" target="_blank"> Read Full Article... <br/> <br/> </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/ChurchsRewards.jpg" alt="A person is holding a cell phone in front of fried chicken."/> </div> <div data-rss-type="text"> <p> <span> Church’s Chicken Finds Momentum through Value and Refocused Operations </span> </p> <p> <br/> </p> <p> <span> The chicken chain has improved standards and accountability across its restaurants. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/churchs-chicken-finds-momentum-through-value-and-refocused-operations/?spMailingID=123725&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=123725" target="_blank"> Read Full Article... </a> <a href="https://product.costar.com/home/news/shared/1283508275?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p5&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTcyNDk3NjU2M30.j8Iq_zkf8RXY7Zg4nitplSZPmagM7ykIQCsxGm-sBiY" target="_blank"> <br/> </a> </p> </div> Fri, 30 Aug 2024 21:11:54 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-august-30-2024 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-august-23-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/circle_k.jpg" alt="A red and white sign that says circle k on it"/> </div> <div data-rss-type="text"> <p> <span> Couche-Tard strikes deal with Giant Eagle; makes takeover offer to 7-Eleven parent </span> </p> <p> <span> <br/> </span> </p> <p> <span> Alimentation Couche-Tard Inc. is expanding its footprint of convenience stores in the United States through an acquisition while eyeing an even bigger deal that would create a global c-store powerhouse. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/couche-tard-strikes-deal-giant-eagle-makes-takeover-offer-7-eleven-parent?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGVDjb1oxTKujerf5eYX9pwUG2wwgBZryvnpa6SZ0WnBEXiqKnV7YZYdytyyJIwIlJaOfO_9Pccl7GeHT-fG7Fu3OZ8wgVfH1qWeSbtBluOosPZ" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/ChickfilANightTwoStory.jpg" alt="A chick-fil-a restaurant with a parking lot in front of it."/> </div> <div data-rss-type="text"> <p> <span> Chick-fil-A Redefines Fast-Food Convenience with Bold Two-Story Drive-Thru Concept </span> </p> <p> <span> <br/> </span> <span> Chick-fil-A is taking its drive-thru to new heights with its latest digital-focused concept. The company is set to open its first two-story, four-lane “elevated drive-thru” on Thursday in McDonough, Georgia, near its home base in Atlanta.  </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://www.qsrmagazine.com/story/chick-fil-a-redefines-fast-food-convenience-with-bold-two-story-drive-thru-concept/?spMailingID=123432&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=123432" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/kroger.jpg" alt="The front of a kroger grocery store with a blue sky in the background."/> </div> <div data-rss-type="text"> <p> <span> Kroger files to block FTC challenge to proposed $25 billion Albertsons merger </span> </p> <p> <span> <br/> </span> </p> <p> <span> Legal activity surrounding the proposed $25 billion merger of The Kroger Co. and Albertsons Cos. continues to grow. </span> <span> <br/> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/kroger-files-block-ftc-challenge-proposed-25-billion-albertsons-merger" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/image004-b588f374.png" alt="The logo for badass coffee of hawaii has a donkey on it."/> </div> <div data-rss-type="text"> <p> <span> Bad Ass Coffee plans new Colorado stores </span> </p> <p> <span> <br/> </span> </p> <p> <span> Bad Ass Coffee of Hawaii is planning to double its footprint in Colorado through a franchise agreement. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/bad-ass-coffee-plans-new-colorado-stores?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGVE13yStDr7EsRyrZ4oA9R0ozAakVx77dfgk5Dsf3TYC_eZ5cFVsW101NUv9r6DTVAiw87DrslS-KbjAhH4moazYfSt46pHFHMGQdTEyAQ9xNd" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/brisketburritofreebirds.jpg" alt="A burrito is sitting on a wooden table next to tortilla chips and guacamole."/> </div> <div data-rss-type="text"> <p> <span> Burger King Franchisee Sun Holdings Buys Freebirds World Burrito </span> </p> <p> <span> <br/> </span> </p> <p> <span> Multi-brand franchisee Sun Holdings announced Monday that it acquired Freebirds World Burrito, adding to its portfolio of over 1,500 locations. </span> </p> <p> <span> <br/> </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/burger-king-franchisee-sun-holdings-buys-freebirds-world-burrito/?spMailingID=123270&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=123270" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/ace_hardware_5_16_24-040.jpg" alt="A store filled with lots of tools and lawn mowers."/> </div> <div data-rss-type="text"> <p> <span> First Look: Ace unveils new store format; to invest $1B in remodels, new stores </span> </p> <p> <span> <br/> </span> </p> <p> <span> After recently reaching 5,000 U.S. stores, Ace Hardware has unveiled an experiential store concept to enhance the customer shopping experience while also driving store growth. </span> </p> <p> <span> <span>  </span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/first-look-ace-unveils-new-store-format-invest-1b-remodels-new-stores?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_Weekend&amp;mkt_tok=ODI1LUxTUC01NDUAAAGU_xTqr_POR7z_3b8mEWb5l40N_V1D4ZbVQvj0Cg9edceWQiyxTN4DHZTLMLqtj7X95CzDNI_ONP56Rqhd7sCau9TKYd_hp5gFsT3ZIdxig6Q9" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/08_2024.png" alt="A map of the united states with a lot of dots on it"/> </div> <div data-rss-type="text"> <p> <span> Dollar General dominates new store openings in new SN Monthly Store Map </span> </p> <p> <br/> </p> <p> <span> Discount grocers Dollar General and Dollar Tree had the biggest presence in the first edition of Supermarket News’ monthly store map with 87 combined store openings and seven closings.  </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/news/dollar-general-dominates-new-store-openings-new-sn-monthly-store-map?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_07222024&amp;utm_campaign=61355&amp;utm_medium=email&amp;elq2=6d8e1f39dc2142349b1613480135727b&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> Fri, 23 Aug 2024 19:55:52 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-august-23-2024 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-august-16-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/IMG_2681.webp" alt="A target store is located on the side of a building."/> </div> <div data-rss-type="text"> <p> <span> How Target made grocery a $24B business </span> </p> <p> <span> <br/> </span> </p> <p> <span> The retailer shares how assortment, e-commerce and labor changes have helped it grow food and beverage sales by more than $8 billion since 2019. </span> </p> <p> <span> <span>  </span> </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.retaildive.com/news/target-grocery-business-private-label/724038/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Issue:%202024-08-14%20Retail%20Dive%20Newsletter%20%5Bissue:64887%5D&amp;utm_term=Retail%20Dive" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/SmallsStore.jpg" alt="A smalls restaurant is built out of shipping containers."/> </div> <div data-rss-type="text"> <p> <span> Smalls Sliders Slays Another Milestone with 300 Cans in Development </span> </p> <p> <span> <br/> </span> <span> The burger brand has ascended in a hurry. But this is really just the beginning. </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://www.qsrmagazine.com/story/smalls-sliders-slays-another-milestone-with-300-cans-in-development/?spMailingID=122753&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=122753" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download.jpeg" alt="A large building with a lot of cars parked in front of it."/> </div> <div data-rss-type="text"> <p> <span> This Fitness Chain's Bankruptcy Filing Shows How Pandemic Weakened an Industry </span> </p> <p> <span> <br/> </span> </p> <p> <span> Blink Fitness has filed for bankruptcy protection after reeling from the lingering impact of the pandemic and competing in a crowded arena that includes other low-cost chains and smaller boutique gym facilities. </span> </p> <p> <span> <span>  </span> </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=91e97dd5cf&amp;e=e51f618df5" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/boot_barn.gif" alt="A living room with a couch , chairs , and a table in a clothing store."/> </div> <div data-rss-type="text"> <p> <span> Boot Barn Q1 sales rise 10.3%, raises guidance; on track to open 60 stores </span> </p> <p> <span> <br/> </span> </p> <p> <span> Boot Barn Holdings reported an upbeat first quarter during which it exceeded the high end of its guidance across every metric. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2024-08-08?article=boot-barn-q1-sales-rise-103-raises-guidance-track-open-60-stores" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/IMG_6572-26d1b166.jpg" alt="A sign that says mini sou life is for fun coming soon"/> </div> <div data-rss-type="text"> <p> <span> Chinese Retailer MINISO Opening Soon on Promenade </span> </p> <p> <span> <br/> </span> </p> <p> <span> Soon, Santa Monica shoppers will have a one-stop-shop for everything from Sanrio products, to home decor, to tableware, to snacks, to bathroom slippers, to even Disney character products. </span> </p> <p> <span> Chinese retailer MINISO is set to open a new location at 1418 Third Street Promenade, replacing the Australian clothing retailer Cotton On which formerly held a West L.A. outpost at the address before recently closing. </span> </p> <p> <span> <span>  </span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smmirror.com/2024/08/chinese-retailer-miniso-opening-soon-on-promenade/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/A+Walgreens+storefront+sign.jpg" alt="A walgreens drive thru pharmacy sign in front of a building"/> </div> <div data-rss-type="text"> <p> <span> Walgreens considers full sale of VillageMD </span> </p> <p> <span> <br/> </span> </p> <p> <span> Walgreens Boots Alliance said it was considering selling its full stake in the VillageMD business as the retailer seeks to turn its core pharmacy operations around. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/retail-financial/walgreens-considers-full-sale-villagemd?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_08092024&amp;utm_campaign=61131&amp;utm_medium=email&amp;elq2=52bb3299d8034d2aa49ee9006e518020&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/a81f1089bae7d34175a234372c776f51.webp" alt="The logos for jack in the box and deltaco are next to each other on a white background."/> </div> <div data-rss-type="text"> <p> <span> Jack in the Box Inc. Reports Third Quarter 2024 Earnings </span> </p> <p> <span> <br/> </span> </p> <p> <span> Same-store sales decreased 2.2% in the third quarter, comprised of franchise same-store sales decline of 2.4% and company-owned same-store sales increase of 0.1%. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://finance.yahoo.com/news/jack-box-inc-reports-third-200000992.html?guccounter=1&amp;guce_referrer=aHR0cHM6Ly9hcHAuYXNhbmEuY29tLw&amp;guce_referrer_sig=AQAAAKMS6GKCt5HpX2lqlZ4ptZjddAti-QgvAcaU6Oc8weQyfrqPNMwpLob93Uxg7bmruLNCd9mYdT3R5bCiSF4cmnEAizjUrDHsfxTgJINNkUocikJ5QCGcjGZ43ONtK7XC-WlNFhOIeJTcxAtJfCRunSRv3buHtmMU4fWg9Lxci5Yc" target="_blank"> Read Full Article... </a> </p> </div> Fri, 16 Aug 2024 18:13:55 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-august-16-2024 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-august-12-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/big_lots_store.jpg" alt="An aerial view of a big lots store at night"/> </div> <div data-rss-type="text"> <p> <span> Big Lots closing about 300 stores; California takes big hit </span> </p> <p> <span> <br/> </span> </p> <p> <span> In a new filing with the Securities and Exchange Commission, the Ohio-based discounter  revealed it may shutter up to 315 stores under amended credit and loan terms. In a June SEC filing, Big Lots, which has about 1,390 stores nationwide, said it was planning to close between 35 to 40 stores in 2024. In the same filing, the company also warned of its  </span> <span> ability to survive </span> <span>  as a "going concern.” </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/big-lots-closing-about-300-stores-california-takes-big-hit?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGU0JLsJh_Fff_H1m9DqjBuJr4a8ifz_Wqq1AEYc-qvqaL12gdR3Lz8hfjj-s2eet8gbpIsHalLoVU1JHBD5Qe7-Is0u4ppYc7lCgCVNoiGLbQ-" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/portillogardendog.jpg" alt="A hot dog is sitting on a checkered table cloth."/> </div> <div data-rss-type="text"> <p> <span> Portillo’s Relies on Four-Part Strategy to Claw Back Sales and Traffic </span> </p> <p> <span> <br/> </span> <span> During a time when price-pointed value is ruling the quick-service segment, Portillo’s refuses to get involved with aggressive promotions and discounting. Instead, the legacy chain wants to bring value by improving the overall dining experience. </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://www.qsrmagazine.com/story/portillos-relies-on-four-part-strategy-to-claw-back-sales-and-traffic/?spMailingID=122127&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=122127" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/WD+Facade+18_0.jpg" alt="A winn dixie store is lit up at night with a parking lot in front of it."/> </div> <div data-rss-type="text"> <p> <span> The Aldi store conversion begins as Winn-Dixie closes in Florida </span> </p> <p> <span> <br/> </span> </p> <p> <span> A Winn-Dixie store in Lakeland, Fla., recently served its final customers, and 48 workers were let go, reports the Business Observer. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/retail-financial/aldi-store-conversion-begins-winn-dixie-closes-florida?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_08062024&amp;utm_campaign=61051&amp;utm_medium=email&amp;elq2=3d82541010454d1099354c8174e63816&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Article-Images-29.png" alt="A pharmacy with a lot of shelves and a counter."/> </div> <div data-rss-type="text"> <p> <span> U.S. Drugstores Revamp Business Models Amid Challenges </span> </p> <p> <span> <br/> </span> </p> <p> <span> Facing more competition and changing consumer preferences, drugstores like Walgreens and CVS Health are experimenting with smaller locations. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.credaily.com/briefs/us-drugstores-revamp-business-models-amid-challenges/?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=fannie-freddie-tighten-lending-rules-to-fight-mortgage-fraud&amp;_bhlid=5f6b3c41cc218100451855a45ab57d3fbd43c2c5" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/daiso.jpg" alt="The front of a daiso store with a pink sign on it."/> </div> <div data-rss-type="text"> <p> <span> Daiso to expand U.S. store count – here's where </span> </p> <p> <span> <br/> </span> </p> <p> <span> Japanese retailer Daiso is expanding its footprint in the United States with three new openings this week. </span> </p> <p> <span> The chain, which sells household goods, stationery, beauty products and more, will open new locations in Beaumont, Texas, Van Nuys, Calif. and Westminster Calif. on Saturday, Aug. 10. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2024-08-05?article=daiso-expand-us-store-count-heres-where" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/McDonaldsSign.jpg" alt="A mcdonald 's sign with a blue sky in the background"/> </div> <div data-rss-type="text"> <p> <span> The 2024 QSR 50: Fast Food’s Leading Annual Report </span> </p> <p> <span> <br/> </span> </p> <p> <span> The quick-service industry has entered a key turning point in the post-COVID environment. After a few years of big-time operators claiming customers understand inflationary prices, that tolerance has seemed to dissipate quickly. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/the-2024-qsr-50-fast-foods-leading-annual-report/?spMailingID=121747&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=121747" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/rubioscoastalgrill.jpg" alt="Two burritos are on a white plate with tortilla chips."/> </div> <div data-rss-type="text"> <p> <span> Rubio’s to Be Sold to New Private Equity Owner </span> </p> <p> <span> <br/> </span> </p> <p> <span> TREW Capital Management, founded by former Famous Dave’s CEO Jeff Crivello, will use a $40 million credit bid to acquire the chain’s assets. That means instead of a traditional sale, the private equity firm will use the debt it’s owed as a form of currency to gain control of Rubio’s. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/growth/fast-casual/rubios-to-be-sold-to-new-private-equity-owner/?spMailingID=121612&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=121612" target="_blank"> Read Full Article... </a> </p> </div> Mon, 12 Aug 2024 18:54:05 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-august-12-2024 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-august-2-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/third-street-3.webp" alt="A city street with palm trees and buildings on a sunny day"/> </div> <div data-rss-type="text"> <p> <span> DTSM welcomes new chair, vice chairs and four new appointments to the board </span> </p> <p> <span> <br/> </span> </p> <p> <span> Thursday’s meeting of Downtown Santa Monica, Inc. (DTSM) was all about new people in new positions as the board of directors welcomed the four new appointees and Michele Aronson was voted in as the new chair, replacing Eric Sedman. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smdp.com/2024/07/30/dtsm-welcomes-new-chair-vice-chairs-and-four-new-appointments-to-the-board/?utm_medium=email&amp;utm_source=ActiveCampaign&amp;utm_campaign=Newspack%20Newsletter%20(117000)" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/100+Under+100+restaurant+chains.png" alt="A yellow background with white letters that say 100 under 100"/> </div> <div data-rss-type="text"> <p> <span> 100 Under 100: Emerging restaurant chains that are thriving in the U.S. </span> </p> <p> <span> <br/> </span> <span> <span> These brands with fewer than 100 locations have some serious growth momentum. </span> </span> <span> This year’s Technomic Top 500 results were a mixed bag for the restaurant industry. On one hand, many large restaurant brands stagnated in 2023, with sales increases merely a reflection of menu price increases and with a full third of brands experiencing a net unit count decrease. </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://www.nrn.com/regional-chains/100-under-100-emerging-restaurant-chains-are-thriving-us?utm_rid=CPG06000019360528&amp;_mc=em_NRN_News_NRN%20Special%20Report_News_NL_07302024&amp;utm_campaign=60955&amp;utm_medium=email&amp;elq2=c1d047edbc8e4e1b86d81ca7395f823e&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/oldschoolbagelcafe.jpg" alt="Three sandwiches are lined up in a row on a white surface."/> </div> <div data-rss-type="text"> <p> <span> Old School Bagel Cafe Brings New York Flavor to Middle America </span> </p> <p> <span> <br/> </span> </p> <p> <span> Danny Cowan spent 20 years working at the once-popular New York Bagel, franchising two locations in Denver. He perfected the New York–style of boiling bagels in water for 60 seconds before baking, creating a crisp outer layer and soft center. Outside of New York Bagel, this method wasn’t commonly used in Middle America at the time.  </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/old-school-bagel-cafe-brings-new-york-flavor-to-middle-america/?spMailingID=121277&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=121277" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/jambabowls-1.jpg" alt="Three bowls of fruit are sitting on a wooden table."/> </div> <div data-rss-type="text"> <p> <span> How Jamba is Reinventing Itself and Reconnecting with the Consumer </span> </p> <p> <span> <br/> </span> </p> <p> <span> The same industry, but varying obstacles. For instance, the 730-unit Jamba is a seasonal brand and has a different franchise makeup than what Louer has been accustomed to. He was faced with getting to know the people involved, integrating into the broader GoTo Foods company (parent of Jamba, in addition to Auntie Anne’s, Cinnabon, Carvel, McAlister’s, Schlotzsky’s, and Moe’s), and understanding the nuances of the chain. </span> </p> <p> <span> <span>  </span> </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/how-jamba-is-reinventing-itself-and-reconnecting-with-the-consumer/?spMailingID=121202&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=121202" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Kroger+Albertsons+merger+report_Oct2022_2_8.jpg" alt="A kroger store and an albertsons market street store are next to each other."/> </div> <div data-rss-type="text"> <p> <span> Kroger, Albertsons $24.6B merger temporarily blocked by Colorado judge </span> </p> <p> <br/> </p> <p> <span> The Kroger, Albertsons merger was postponed on Thursday by a Colorado judge, who granted a preliminary injunction for a hearing in August. The proposed $24.6 billion merger has been challenged in Colorado by the state attorney general. That’s in addition to a multi-state lawsuit led by the Federal Trade Commission and a separate lawsuit in Washington state. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/news/kroger-albertsons-246b-merger-temporarily-blocked-colorado-judge?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_07262024&amp;utm_campaign=60904&amp;utm_medium=email&amp;elq2=f068c4b4ec5e4b729a9e026562230bed&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Kroger+Albertsons+merger+report_Oct2022_2_8.jpg" alt="A kroger store and an albertsons market street store are next to each other."/> </div> <div data-rss-type="text"> <p> <span> What impact would the Kroger, Albertsons merger have on gas stations? </span> </p> <p> <span> <br/> </span> </p> <p> <span> Kroger and Albertsons are two of the largest fueling station providers in the country, operating roughly 1,408 U.S. fueling stations, but about 10% of those stations would be  </span> <a href="https://www.supermarketnews.com/news/kroger-and-albertsons-release-list-stores-be-divested-under-merger" target="_blank"> divested </a> <span>  to C&amp;S Wholesale Grocers if the $24.6 billion mega-merger of the two grocery chains is approved later this year. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/news/what-impact-would-kroger-albertsons-merger-have-gas-stations?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_07252024&amp;utm_campaign=60884&amp;utm_medium=email&amp;elq2=b9fbdbf0653749eda6e74d1f88a7480a&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Amazon+Fresh+1.jpg_0.png" alt="A man is shopping for fruits and vegetables in a grocery store."/> </div> <div data-rss-type="text"> <p> <span> Amazon Fresh continues rapidly opening stores </span> </p> <p> <span> <br/> </span> </p> <p> <span> More Amazon Fresh grocery stores are on the verge of opening up shop — most recently in Pennsylvania, according to the Philadelphia Business Journal. The online retail giant will open its next brick-and-mortar operation in Bensalem, Penn.  </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/news/amazon-fresh-continues-rapidly-opening-stores?utm_rid=CPG06000019360528&amp;_mc=em_SN_News_SN%20Daily%20News%20Updata_News_NL_07252024&amp;utm_campaign=60884&amp;utm_medium=email&amp;elq2=b9fbdbf0653749eda6e74d1f88a7480a&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download+%283%29.jpg" alt="The front of a big lots store with a blue sky in the background"/> </div> <div data-rss-type="text"> <p> <span> Big Lots Plans About 140 Store Closings, Far More Than Expected </span> </p> <p> <span> <br/> </span> </p> <p> <span> Money-losing discount retailer Big Lots is closing roughly 140 stores cross the country, more than triple the number it originally announced, in what one analyst said could be an attempt to cut losses by swiftly shutting some poorly performing locations. </span> </p> <p> <span> The Columbus, Ohio-based company on its website has now identified 141 stores in 27 states that it said it will be shutting.  </span> <a href="https://product.costar.com/tenants/companies/detail/6z4000s/summary" target="_blank"> Big Lots </a> <span>  is most dramatically reducing its brick-and-mortar footprint — by a half — in California, where it plans to close 54 stores. It currently has 109 retail locations in the Golden State. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.costar.com/article/2121683296/big-lots-plans-about-140-store-closings-far-more-than-expected?utm_source=newsletter.credaily.com&amp;utm_medium=newsletter&amp;utm_campaign=rexford-navigates-industrial-market-slump-with-smaller-warehouses" target="_blank"> Read Full Article... </a> </p> </div> <div data-rss-type="text"> <p> <span> Jack in the Box Is Opening Over 100 Locations in These 4 States </span> </p> <p> <span> <br/> </span> </p> <p> <span> With Jack in the Box's bold growth into Arkansas, Florida, Montana, Wyoming, and beyond, fast-food landscapes everywhere are about to get tastier.  </span> <span> And if burgers aren’t your thing, no worries. Jack in the Box owns Del Taco too, and the taco chain is set to open 138 new locations. Just make sure to use one of the  </span> <a href="https://financebuzz.com/top-cash-back-credit-cards?utm_source=msn&amp;utm_medium=feed&amp;synd_slide=11&amp;synd_postid=17333&amp;synd_backlink_title=best+cash+back+credit+cards&amp;synd_backlink_position=7&amp;synd_slug=top-cash-back-credit-cards" target="_blank"> best cash back credit cards </a> <span>  to save more during your visit. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.msn.com/en-us/travel/tripideas/jack-in-the-box-is-opening-over-100-locations-in-these-4-states/ss-BB1l1oEQ?ocid=sf#image=11" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/pizzahut.jpg" alt="A person is taking a slice of pizza out of a pizza hut box."/> </div> <div data-rss-type="text"> <p> <span> Large Pizza Hut Franchisee Files Bankruptcy Amid Legal Battle with Franchisor </span> </p> <p> <span> <span>  </span> <br/> </span> </p> <p> <span> <span> A large Pizza Hut franchisee declared bankruptcy Monday weeks after the franchisor filed a lawsuit accusing the operator of financial mismanagement. </span> </span> <span> EYM Pizza has 126 locations across Illinois, Wisconsin, South Carolina, and Georgia. It recently shuttered its Indiana market, which had 15 stores. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/large-pizza-hut-franchisee-files-bankruptcy-amid-legal-battle-with-franchisor/?spMailingID=120804&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=120804" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/conns_fayetteville.gif" alt="The front of a store called conn 's home plus"/> </div> <div data-rss-type="text"> <p> <span> Conn’s closing 71 stores — here’s where </span> </p> <p> <span> <br/> </span> </p> <p> <span> Conn’s is starting liquidation sales at select stores across its operating area amid rumors that it is considering filing for bankruptcy. </span> </p> <p> <span> The struggling, Texas-based retailer of furniture, mattresses, appliances and consumer electronics retailer is closing 71 stores in 13 states, with the locations to be shuttered listed on its website. Florida will see the largest amount of closings, with 18 stores going dark, followed by Texas, with nine closings.  </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2024-07-23?article=conns-closing-71-stores-heres-where" target="_blank"> Read Full Article... </a> </p> </div> Fri, 02 Aug 2024 16:58:37 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-august-2-2024 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-july-26-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/download.webp" alt="Two people walking in front of a sign that says adidas"/> </div> <div data-rss-type="text"> <p> <span> Santa Monica’s Third Street Promenade is a retail relic. Can it be saved? </span> </p> <p> <span> <br/> </span> </p> <p> <span> Once Santa’s Monica’s signature destination for shopping and dining, the Third Street Promenade is showing its age. </span> </p> <p> <span> Its decline has left the promenade’s landlords and city officials trying to counter years of stagnation, public safety concerns and fast-changing retail norms in an attempt to breathe new life into it. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.latimes.com/business/story/2024-07-17/santa-monicas-third-street-promenade-is-a-retail-relic-can-it-be-saved" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/SMMUSD-pushes-forward-with-feasibility-study-of-turning-Civic-Auditorium-into-gym-2.webp" alt="A large white building with palm trees in front of it"/> </div> <div data-rss-type="text"> <p> <span> Curtain rises on formal proposal to revitalize the Civic Center </span> </p> <p> <span> <br/> </span> <span> <span> The already made public, but technically secret deal to reopen Santa Monica’s Civic Auditorium will have its first formal announcement at Tuesday’s council meeting. </span> </span> <span> Approval of an Exclusive Negotiation Agreement (ENA) with Revitalization Partners Group, LLC (RPG) is part of the consent calendar for the July 23 meeting but as the calendar is approved in bulk with no debate, there will be no discussion of the deal unless a councilmember specifically asks for it to be pulled from the group list. </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://smdp.com/2024/07/23/curtain-rises-on-formal-proposal-to-revitalize-the-civic-center/?utm_medium=email&amp;utm_source=ActiveCampaign&amp;utm_campaign=Newspack%20Newsletter%20(116653)" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/03_Big+Lots-+Vacant+Stores.png" alt="A big lots store with a blue sky in the background"/> </div> <div data-rss-type="text"> <p> <span> Big Lots’ Vacant Stores Could Be Leased Quickly in Tight Market, Analysts Say </span> </p> <p> <span> <br/> </span> </p> <p> <span> <span> Last month, Big Lots CEO Bruce Thorn told investors the company was "moving quickly and aggressively" to solidify its position "as America's discount home store." Then just a week later, the retailer reported it was closing as many as 40 locations and might have to cease operations. </span> </span> <span> Columbus, Ohio-based  </span> <a href="https://product.costar.com/tenants/companies/detail/6z4000s/summary" target="_blank"> Big Lots </a> <a href="https://product.costar.com/tenants/companies/detail/6z4000s/summary" target="_blank"> , </a> <span>  struggling for several years now since the pandemic's end, has a vast brick-and-mortar footprint. Its roughly 1,400 stores occupy about 46.6 million square feet of space. Some or all of that could be up for grabs if the company is forced to file for Chapter 11 bankruptcy protection or, worse-case scenario, has to liquidate. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://product.costar.com/home/news/shared/401422043?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p1&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTcyMTc3Mzk5N30.1jzeSrqkHrSGsnselXobdAOfykA2AiG8kSp-W4c1bi4" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/04_Report+Panera+Brands+Explores.png" alt="A panera restaurant with umbrellas in front of it"/> </div> <div data-rss-type="text"> <p> <span> Report: Panera Brands Explores Sale of Caribou Coffee and Einstein Bros. Bagels </span> </p> <p> <span> <br/> </span> </p> <p> <span> <span> Panera Brands is reportedly exploring a sale of Caribou Coffee and Einstein Bros. Bagels, according to Reuters. The deal could be valued at more than $1.5 billion. </span> </span> <span> Reuters said Bank of America is running the sales process and that restaurant operators and private equity firms have shown interest in acquiring the chains. The transaction would also include Bruegger’s Bagels, Noah’s New York Bagels, and Manhattan Bagel. According to the publication, Panera wants a valuation 10 times its EBITDA of $150 million in 2024. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/report-panera-brands-explores-sale-of-caribou-coffee-and-einstein-bros-bagels/?spMailingID=120662&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=120662" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/05_Krispy+Kreme+sells+majority+stake+of+Insomnia+Cookies.png" alt="A box of assorted donuts from krispy kreme"/> </div> <div data-rss-type="text"> <p> <span> Krispy Kreme sells majority stake of Insomnia Cookies </span> </p> <p> <span> <br/> </span> </p> <p> <span> <span> Krispy Kreme is doubling down on its doughnuts business. </span> </span> <span> Krispy Kreme said it has sold its majority ownership stake of Insomnia Cookies to Verlinvest and Mistral Equity Partners. The company received $127.4 million for the sale and expects to receive an additional $45 million in the coming weeks following an Insomnia Cookies refinancing of intercompany debt.  </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/krispy-kreme-sells-majority-stake-insomnia-cookies?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGUfgdILPm_47SNK7yxAfxbpDL20f3yWlJs_RRbtWVDHG-reDd4iSGEbIhwWxnENeCS_eBOiAtIP5OHXgGiVY0VrgWJgeCaG79GvNM3YnGDyiru" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/06_Report+Conn-s+to+close+100+stores.png" alt="The front of a conn 's home plus store."/> </div> <div data-rss-type="text"> <p> <span> Report: Conn’s to close 100 stores, considers bankruptcy </span> </p> <p> <span> <br/> </span> </p> <p> <span> Conn’s may be downsizing its store portfolio.  </span> <span> The struggling, Texas-based retailer of furniture, mattresses, appliances and consumer electronics may close about 100 locations and liquidate the inventory as part of a possible Chapter 11 bankruptcy filing, reported  </span> <a href="https://www.bloomberg.com/news/articles/2024-07-17/conn-s-plans-mass-store-closings-ahead-of-possible-bankruptcy" target="_blank"> Bloomberg </a> <span> <span> .  </span> </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2024-07-19?article=report-conns-close-100-stores-considers-bankruptcy" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/07_S-P+Global+Ratings+downgrades+Walgreens.png" alt="The front of a walgreens store with a red and white sign."/> </div> <div data-rss-type="text"> <p> <span> S&amp;P Global Ratings downgrades Walgreens, citing struggles in both pharmacy and retail </span> </p> <p> <span> <br/> </span> </p> <p> <span> <span> S&amp;P Global Ratings analysts have downgraded Walgreens Boot Alliance by two notches, to ‘BB’ from ‘BBB-’, which puts the drugstore company into speculative-grade territory. </span> </span> <span> Analysts Diya Iyer and Hanna Zhang cited guidance for the year “notably below” their expectations, and said “material strategic changes, limited cash flow generation, and large maturities in coming years are key risks to the business.” </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.retaildive.com/news/sp-global-ratings-downgrades-walgreens-citing-retail-struggles/721955/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Issue:%202024-07-22%20Retail%20Dive%20Newsletter%20%5Bissue:64114%5D&amp;utm_term=Retail%20Dive" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/08_Von+Maur-+Costco-+Trader+Joe-s+among+U.S..png" alt="A person is holding a silver trophy in their hand."/> </div> <div data-rss-type="text"> <p> <span> Von Maur, Costco, Trader Joe’s among U.S. best retailers — by category </span> </p> <p> <span> <br/> </span> </p> <p> <span> Quality products, reasonable prices and excellent customer service — these are the attributes that allow retailers to succeed. That’s according to Newsweek, which partnered with Statista to release the third annual ranking of "America's Best Retailers." More than 7,000 shoppers were surveyed for their opinions on retailers spanning 40 industry categories (such as apparel, electronics and supermarkets), resulting in a ranking that recognizes the 200 best places to make a purchase, according to Newsweek. </span> </p> <p> <span> <span>  </span> </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/von-maur-costco-trader-joes-among-us-best-retailers-category" target="_blank"> Read Full Article... </a> </p> </div> Fri, 26 Jul 2024 18:39:03 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-july-26-2024 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-june-14-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-18+051328.png" alt="A black and white photo of a woman wearing glasses."/> </div> <div data-rss-type="text"> <p> <span> Measure ULA gets another day in court </span> </p> <p> <span> <br/> </span> </p> <p> <span> A group fighting Measure </span> <span> <span>   </span> </span> <span> ULA has another chance to strike down the City of Los Angeles’ real estate transfer tax, after a court agreed to review a case challenging the measure. The U.S. Court of Appeals for the Ninth Circuit will hear arguments over the legality of Measure ULA, which adds a 4 percent tax on commercial and residential sales over $5 million and 5.5 percent tax on sales over $10 million, according to a court notice last week. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.eatthis.com/grocery-chains-opening-new-stores-2024/?utm_source=Iterable&amp;utm_medium=email&amp;utm_campaign=campaign_9478528&amp;utm_source=nsltr&amp;utm_medium=email&amp;utm_campaign=etntNewsletter" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-18+051510.png" alt="French toast with whipped cream and strawberries on a white plate."/> </div> <div data-rss-type="text"> <p> <span> Jinky’s Cafe is Returning to Santa Monica </span> </p> <p> <span> <br/> </span> </p> <p> <span> Several months after The Independence, a modern tavern formerly located in the heart of downtown Santa Monica, vacated its space at the intersection of Broadway and 2nd, a Los Angeles coffee shop chain is taking its spot to make a return to the Westside. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=49afc290b4&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=968c8e1f64&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-18+051648.png" alt="A sign for porillo 's hot dogs beef burgers and salads"/> </div> <div data-rss-type="text"> <p> <span> Portillo’s Path to Growth Becomes Even Clearer </span> </p> <p> <br/> </p> <p> <span> Presenting at William Blair’s 44th annual Growth Stock Conference, Portillo’s shared two sides of the potential it’s touted since going public in October 2021. Long-term, the Chicago-born brand wants to accelerate to 12–15 percent annual expansion. That would translate to mid-teens sales growth on a low-single-digit comp, and low-teens adjusted EBITDA expansion. </span> </p> <p> <br/> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/store-design-construction/superior-grocers-opens-1st-store-las-vegas?NL=SN-02&amp;Issue=SN-02_20240403_SN-02_842&amp;sfvc4enews=42&amp;cl=article_8&amp;utm_rid=CPG06000019360528&amp;_mc=em_SN_News_Supermarket%20News%20Daily_News_NL_04032024_52621&amp;utm_campaign=59357&amp;utm_medium=email&amp;elq2=4d47b7e8a7ba426181c9fd8171121043&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-18+051754.png" alt="There is a couch and a table in the middle of the room."/> </div> <div data-rss-type="text"> <p> <span> Boot Barn is opening one store a week to cement itself as a national lifestyle brand </span> </p> <p> <br/> </p> <p> <span> Western wear retailer Boot Barn sees stores as the key to building a bigger brand following. A lot of stores. Over the past 12 years, Boot Barn’s footprint has grown from 86 locations in eight states to 400 stores across 45 states. It opened 55 new stores in 2024, more than one per week. Boot Barn sees a path to opening 500 more stores by fiscal year 2030. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://assets1.chainstoreage.com/styles/max_width_640/s3/2023-10/amazon_fresh.jpg?itok=t7uKBfaI" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-18+051936.png" alt="A family dollar store with a red sign in front of it."/> </div> <div data-rss-type="text"> <p> <span> Who Would Want To Buy Family Dollar? The Answer Could Be Far-Flung. </span> </p> <p> <br/> </p> <p> <span> <span> With discount chain Family Dollar possibly going up for sale, retail industry analysts and brokers are speculating on who would have the financial wherewithal — or motivation — to acquire a business with nearly 8,000 </span> </span> <a href="http://stores.read/" target="_blank"> stores. </a> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/home-depot-making-1825-billion-acquisition?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGSKKeUaCKdJNSP4E-b_EXM3RlYQAJUJj3MaWlohKGDu8iZYtiAseJluApMQnI5K-FcaGQz9nNS7jlkgyNfPlY1Av9VT4NF_vs8MgJWkEjniR6Z" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-18+052123.png" alt="A jack in the box restaurant with a purple and white building."/> </div> <div data-rss-type="text"> <p> <span> Jack in the Box to Open Restaurants in Georgia for the First Time </span> </p> <p> <br/> </p> <p> <span> Jack in the Box announced a significant development agreement to open 15 new Jack in the Box locations throughout Georgia. This expansion marks the company’s entry into the Peach State and signifies continued dynamic growth for the brand in the Southeastern United States. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/home-depot-making-1825-billion-acquisition?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGSKKeUaCKdJNSP4E-b_EXM3RlYQAJUJj3MaWlohKGDu8iZYtiAseJluApMQnI5K-FcaGQz9nNS7jlkgyNfPlY1Av9VT4NF_vs8MgJWkEjniR6Z" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-18+052313.png" alt="A person is holding a cell phone with a chicken basket app on it."/> </div> <div data-rss-type="text"> <p> <span> Long John Silver’s Makes Big Progress on Refreshed Identity </span> </p> <p> <br/> </p> <p> <span> Long John Silver’s president Nate Fowler knows it isn’t a secret he and his team took on a turnaround opportunity when he joined a year and a half ago. As the roughly 500-unit brand approaches its 55th anniversary in August, it continues to explore strategies to elevate an “old-line brand that had some image issues,” the executive says. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/home-depot-making-1825-billion-acquisition?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGSKKeUaCKdJNSP4E-b_EXM3RlYQAJUJj3MaWlohKGDu8iZYtiAseJluApMQnI5K-FcaGQz9nNS7jlkgyNfPlY1Av9VT4NF_vs8MgJWkEjniR6Z" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-18+052419.png" alt="A carl 's jr. drive thru sign is lit up at night"/> </div> <div data-rss-type="text"> <p> <span> Carl’s Jr. and Hardee’s Find Strength in Separation </span> </p> <p> <br/> </p> <p> <span> As leadership began to form under Max Wetzel, who assumed the CEO post of CKE Restaurants in March 2023, migrating over after a four-year run with Papa Johns, it became clear the company had an identity crisis. Only, in this case, Hardee’s and Carl’s Jr. each had the issue of being too distinct. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/home-depot-making-1825-billion-acquisition?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGSKKeUaCKdJNSP4E-b_EXM3RlYQAJUJj3MaWlohKGDu8iZYtiAseJluApMQnI5K-FcaGQz9nNS7jlkgyNfPlY1Av9VT4NF_vs8MgJWkEjniR6Z" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-18+052534.png" alt="A graph showing a strong start to 2024"/> </div> <div data-rss-type="text"> <p> <span> Ollie’s Bargain Outlet and Five Below: Q1 2024 Treasure Troves </span> </p> <p> <br/> </p> <p> <span> We dove into the data to check in with specialty discount chains Ollie’s Bargain Outlet and Five Below. How did they fare in early 2024? And what can the two brands’ recent performance tell us about what lies in store for them in the months ahead? </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/home-depot-making-1825-billion-acquisition?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGSKKeUaCKdJNSP4E-b_EXM3RlYQAJUJj3MaWlohKGDu8iZYtiAseJluApMQnI5K-FcaGQz9nNS7jlkgyNfPlY1Av9VT4NF_vs8MgJWkEjniR6Z" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-18+052623.png" alt="A building with a sign that says sushi on it"/> </div> <div data-rss-type="text"> <p> <span> Rubio’s Closes 48 California Restaurants, Citing Business Costs </span> </p> <p> <br/> </p> <p> <span> Fast-casual restaurant chain Rubio’s Coastal Grill closed 48 California locations, citing rising costs of doing business in the state after a law required higher pay for some workers. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/home-depot-making-1825-billion-acquisition?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGSKKeUaCKdJNSP4E-b_EXM3RlYQAJUJj3MaWlohKGDu8iZYtiAseJluApMQnI5K-FcaGQz9nNS7jlkgyNfPlY1Av9VT4NF_vs8MgJWkEjniR6Z" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-18+052746.png" alt="A group of men are sitting around a table talking to each other."/> </div> <div data-rss-type="text"> <p> <span> Commercial Real Estate Needs To Follow the "Moneyball" Principle of Adapt or Die </span> </p> <p> <br/> </p> <p> <span> In the popular movie, "Moneyball," the general manager of the Oakland Athletics Major League Baseball team played by Brad Pitt is faced with the challenge of competing against wealthy teams with his gutted roster and a restrictive budget. Given the realities of his situation, the manager is forced to ignore conventional wisdom and fires his head scout, telling him they must "adapt or die." </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/home-depot-making-1825-billion-acquisition?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGSKKeUaCKdJNSP4E-b_EXM3RlYQAJUJj3MaWlohKGDu8iZYtiAseJluApMQnI5K-FcaGQz9nNS7jlkgyNfPlY1Av9VT4NF_vs8MgJWkEjniR6Z" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-18+053012.png" alt="A big lots sign is on the side of a building"/> </div> <div data-rss-type="text"> <p> <span> Big Lots posts 10.2% sales decline in Q1 </span> </p> <p> <br/> </p> <p> <span> Shares of discount retailer Big Lots tumbled Thursday after the company reported first-quarter sales declines that were steeper than anticipated. Big Lots previously had forecasted comp-store sales declines in the mid-single digits. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/home-depot-making-1825-billion-acquisition?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGSKKeUaCKdJNSP4E-b_EXM3RlYQAJUJj3MaWlohKGDu8iZYtiAseJluApMQnI5K-FcaGQz9nNS7jlkgyNfPlY1Av9VT4NF_vs8MgJWkEjniR6Z" target="_blank"> Read Full Article... </a> </p> </div> Fri, 14 Jun 2024 21:31:18 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-june-14-2024 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-june-7-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-18+022527.png" alt="A close up of a golf club and ball on a mini golf course."/> </div> <div data-rss-type="text"> <p> <span> Mini Golf is Coming to Third Street Promenade </span> </p> <p> <span> <br/> </span> </p> <p> <span> A mini golf chain, with fun and unique creative concepts, is set to open a new outpost on Third Street Promenade, according to a report by What Now Los Angeles. Holey Moley, which is owned by Australian entertainment company Funlab, will establish the location within The Gallery Food Hall’s former space at 1315 3rd St. An opening date has not been disclosed at the time of this writing.  </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.eatthis.com/grocery-chains-opening-new-stores-2024/?utm_source=Iterable&amp;utm_medium=email&amp;utm_campaign=campaign_9478528&amp;utm_source=nsltr&amp;utm_medium=email&amp;utm_campaign=etntNewsletter" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-18+022644.png" alt="A building with a red awning that says cafe on it"/> </div> <div data-rss-type="text"> <p> <span> Carvel Builds Upon 90-Year Legacy with New Prototype </span> </p> <p> <span> <br/> </span> </p> <p> <span> Carvel has been around for nine decades, but the past couple of years have been some of the most important in brand history. It was during this recent period the classic ice cream concept began developing a design refresh to breathe new life into its business. </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=18b144c0ec&amp;e=e51f618df5" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-18+022852.png" alt="A close up of a gauge that says reputation excellent"/> </div> <div data-rss-type="text"> <p> <span> Retailers with the best reputations are... </span> </p> <p> <span>   </span> </p> <p> <span> Amid price increases, the reputation of retailers took a dip in an annual ranking of the reputations of the “most visible” brands in the United States. Tech giant Nvidia, which didn’t even make last year’s list, took the No. 1 spot with an RQ score of 81.2, followed by 3M and Fidelity Investments.  </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/store-design-construction/superior-grocers-opens-1st-store-las-vegas?NL=SN-02&amp;Issue=SN-02_20240403_SN-02_842&amp;sfvc4enews=42&amp;cl=article_8&amp;utm_rid=CPG06000019360528&amp;_mc=em_SN_News_Supermarket%20News%20Daily_News_NL_04032024_52621&amp;utm_campaign=59357&amp;utm_medium=email&amp;elq2=4d47b7e8a7ba426181c9fd8171121043&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-18+023010.png" alt="A person is holding a receipt in their hands in front of a shopping cart."/> </div> <div data-rss-type="text"> <p> <span> How grocers are getting creative in their battle against theft </span> </p> <p> <span>   </span> </p> <p> <span> <span> Grocers’ war against shrink wages on with new moves by Kroger, Giant Food and Safeway. Kroger confirmed in an email Tuesday that six of its Columbus, Ohio-area stores recently added safety measures, including receipt checks, in response to increased incidents of theft. Though in the early stages of implementation, Kroger has “received positive feedback from associates and customers,” Mark Bruce, a Kroger spokesperson, said in a statement.  </span> </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://assets1.chainstoreage.com/styles/max_width_640/s3/2023-10/amazon_fresh.jpg?itok=t7uKBfaI" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-18+045946.png" alt="The front of a dollar tree store with a green awning"/> </div> <div data-rss-type="text"> <p> <span> Dollar Tree acquires leases for 170 of 99 Cents Only’s stores — along with IP </span> </p> <p> <span>   </span> </p> <p> <span> Another ultra-value retailer is expanding its footprint with locations that formerly housed 99 Cents Only Stores. Dollar Tree has acquired designation rights for 170 leases of bankrupt 99 Cents Only Stores across Arizona, California, Nevada and Texas. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/home-depot-making-1825-billion-acquisition?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGSKKeUaCKdJNSP4E-b_EXM3RlYQAJUJj3MaWlohKGDu8iZYtiAseJluApMQnI5K-FcaGQz9nNS7jlkgyNfPlY1Av9VT4NF_vs8MgJWkEjniR6Z" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-18+050221.png" alt="A store filled with clothes and mannequins and a staircase."/> </div> <div data-rss-type="text"> <p> <span> Abercrombie &amp; Fitch posts record quarter as profit soars, sales top $1B </span> </p> <p> <span>   </span> </p> <p> <span> Abercrombie &amp; Fitch Co. maintained momentum in its first quarter with results that smashed expectations as the apparel retailer continues to outperform others in its sector. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/home-depot-making-1825-billion-acquisition?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGSKKeUaCKdJNSP4E-b_EXM3RlYQAJUJj3MaWlohKGDu8iZYtiAseJluApMQnI5K-FcaGQz9nNS7jlkgyNfPlY1Av9VT4NF_vs8MgJWkEjniR6Z" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-18+050415.png" alt="A large white building with palm trees in front of it"/> </div> <div data-rss-type="text"> <p> <span> Activists celebrate potential plan for the Civic Center while City Hall stays silent </span> </p> <p> <br/> </p> <p> <span> A new actor may audition for the role of Civic Auditorium Savior in the coming weeks after Council is reported to have pushed forward a proposal from a private organization to refurbish and reopen the long vacant property.  </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/home-depot-making-1825-billion-acquisition?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGSKKeUaCKdJNSP4E-b_EXM3RlYQAJUJj3MaWlohKGDu8iZYtiAseJluApMQnI5K-FcaGQz9nNS7jlkgyNfPlY1Av9VT4NF_vs8MgJWkEjniR6Z" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-18+050515.png" alt="A jeep with kayaks on top of it is parked in front of a sierra store."/> </div> <div data-rss-type="text"> <p> <span> The Weekly Closeout: Best Buy sales fall 6.5% and Sierra hits 100 stores </span> </p> <p> <br/> </p> <p> <span> Best Buy reported Thursday softer than expected earnings in the first quarter, attributing the Q1 6.5% revenue dip to macroeconomic conditions.  </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/home-depot-making-1825-billion-acquisition?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGSKKeUaCKdJNSP4E-b_EXM3RlYQAJUJj3MaWlohKGDu8iZYtiAseJluApMQnI5K-FcaGQz9nNS7jlkgyNfPlY1Av9VT4NF_vs8MgJWkEjniR6Z" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-18+050625.png" alt="A trader joe 's restaurant with cars parked in front of it"/> </div> <div data-rss-type="text"> <p> <span> Trader Joe’s to open eight new SoCal stores. Here’s where they will be </span> </p> <p> <span>   </span> </p> <p> <span> Trader Joe’s is ramping up its pace of expansion, with plans to open two dozen new grocery stores around the country, including eight in Southern California. The SoCal stores will be in South Pasadena, Northridge, Sherman Oaks, Santa Clarita, Ladera Ranch, Murrieta, Poway and Santee. Opening dates have yet to be announced.  </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/home-depot-making-1825-billion-acquisition?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGSKKeUaCKdJNSP4E-b_EXM3RlYQAJUJj3MaWlohKGDu8iZYtiAseJluApMQnI5K-FcaGQz9nNS7jlkgyNfPlY1Av9VT4NF_vs8MgJWkEjniR6Z" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-18+050804.png" alt="An artist 's impression of a meijer grocery store."/> </div> <div data-rss-type="text"> <p> <span> Meijer to open third smaller-format grocery store </span> </p> <p> <span>   </span> </p> <p> <span> Meijer is bringing its scaled-down grocery format to a new state. The retailer will open a 90,000-sq.-ft. Meijer Grocery store on July 11 in the mixed-use Promenade of Noblesville development, in Noblesville, Ind., near Indianapolis. It will be the chain's third Meijer Grocery location and the 43rd Meijer store in the state.  </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/home-depot-making-1825-billion-acquisition?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGSKKeUaCKdJNSP4E-b_EXM3RlYQAJUJj3MaWlohKGDu8iZYtiAseJluApMQnI5K-FcaGQz9nNS7jlkgyNfPlY1Av9VT4NF_vs8MgJWkEjniR6Z" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-18+051028.png" alt="A peanut butter and chocolate cookie with a bite taken out of it."/> </div> <div data-rss-type="text"> <p> <span> Dirty Dough Makes its Mark in the Cookie Wars </span> </p> <p> <span>   </span> </p> <p> <span> <span> The dessert chain is battling for market share in the red-hot cookie category with some help from a burgeoning platform company. Six years after launching inside an Arizona State apartment, Dirty Dough is surpassing 80 brick-and-mortar locations with dozens of units in development and 460 franchise territories sold.  </span> </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/home-depot-making-1825-billion-acquisition?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGSKKeUaCKdJNSP4E-b_EXM3RlYQAJUJj3MaWlohKGDu8iZYtiAseJluApMQnI5K-FcaGQz9nNS7jlkgyNfPlY1Av9VT4NF_vs8MgJWkEjniR6Z" target="_blank"> Read Full Article... </a> </p> </div> Fri, 07 Jun 2024 21:12:04 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-june-7-2024 thumbnail main image https://www.marcperlof.com/jerome-powell-spills-what-s-next-for-retail-real-estate <div data-rss-type="text"> <p> <span> Hey Retail Real Estate Rockstars! Today, we’re diving into the latest updates from the Federal Reserve that could really shake up our retail real estate game. Jerome Powell, who leads the Federal Reserve, had a big meeting this past Wednesday, May 1, 2024. He shared some news that might change how you think about your next moves in the retail property market. </span> </p> <p> <span>   </span> </p> <p> <span> Market Analysis and Trends </span> </p> <p> <span> We're moving through 2024, and it’s more important than ever to stay on top of what’s happening in retail real estate. Here’s what’s going on and how it could affect you. </span> </p> <p> <span>   </span> </p> <p> <span> Consumer Confidence and Retail Growth </span> </p> <p> <span> Even though prices are going up, people are still shopping. This is great news for retail property owners because when people feel good about spending, they shop more, and that makes retail properties like malls and shops a hot ticket. </span> </p> <p> <span>   </span> </p> <p> <span> Shifts in Retail Formats </span> </p> <p> <span> Shopping isn't just about buying stuff anymore; people want to have fun when they shop. Places that mix shopping with fun activities, like places where you can eat, watch movies, or play games, are becoming more popular. </span> </p> <p> <span>   </span> </p> <p> <span> Economic Growth Moderation </span> </p> <p> <span> Jerome Powell mentioned that the economy isn't growing as fast as before—it went from growing a lot at 3.4% to growing a little at 1.6%. This slowdown might make people cautious about spending, which could mean fewer shoppers. </span> </p> <p> <span>   </span> </p> <p> <span> Consumer Spending Resilience </span> </p> <p> <span> Even with the economy slowing down a bit, people are still buying things, which shows they still have money to spend. This is especially true for stores that sell things people need every day. </span> </p> <p> <span>   </span> </p> <p> <span> Stable Interest Rates </span> </p> <p> <span> The Federal Reserve has decided to keep interest rates the same at between 5.25% and 5.5%. This means if you're thinking about getting a loan to buy or fix up a retail property, the cost won’t go up right now, which is good news. </span> </p> <p> <span>   </span> </p> <p> <span> Interest Rates and Economic Plans </span> </p> <p> <span> Jerome Powell said they’re not planning to increase interest rates anytime soon. They want to keep them steady to help manage how much things cost and support the job market. This means they are being very careful and watching how things go, which could help the economy stay steady. </span> </p> <p> <span>   </span> </p> <p> <span> What This Means for You </span> </p> <p> <span> If things cost more to make and sell, this could make it harder for stores in your properties to pay their rent. However, since people are still spending money, it could mean good business for stores that are in great spots or sell must-have items. </span> </p> <p> <span>   </span> </p> <p> <span> What’s Next? </span> </p> <p> <span> The Federal Reserve is watching everything closely, which means they might make small changes if needed to keep everything balanced. This could mean a stable or slightly better situation for making money in retail properties. </span> </p> <p> <span>   </span> </p> <p> <span> How Can This Help You? </span> </p> <p> <span> Want to make sure your retail real estate investments are ready for these changes? I'm here to help you figure out the best moves to make based on what's going on with interest rates and the economy. Call or DM me for more information and let's make a plan to grow your investments even in these changing times! </span> </p> <p> <span>   </span> </p> <p> <span> Let’s Talk! </span> </p> <p> <span> What do you think about all this? How are you planning to adjust your investments in retail real estate? Drop your thoughts in the comments. Let’s chat and share ideas to help each other succeed in this exciting market. </span> </p> <p> <span>   </span> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealEstate" target="_blank"> #RetailRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/CommercialRealEstate" target="_blank"> #CommercialRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/RealEstateInvestment" target="_blank"> #RealEstateInvestment </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/EconomicInsights" target="_blank"> #EconomicInsights </a> <span> <br/> </span> </p> </div> Mon, 06 May 2024 18:22:14 GMT https://www.marcperlof.com/jerome-powell-spills-what-s-next-for-retail-real-estate thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-may-3-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-15+063540.png" alt="Greenhouse"/> </div> <div data-rss-type="text"> <p> <span> Cannabis firm MedMen files for bankruptcy </span> </p> <p> <span>   </span> </p> <p> <span> MedMen is liquidating its California assets following a failure to clamp down on excessive debt, with its seventh CFO in a five year period exiting ahead of its bankruptcy.  </span> <span> <br/> </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.eatthis.com/grocery-chains-opening-new-stores-2024/?utm_source=Iterable&amp;utm_medium=email&amp;utm_campaign=campaign_9478528&amp;utm_source=nsltr&amp;utm_medium=email&amp;utm_campaign=etntNewsletter" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-15+064143.png" alt="Weed Dispensary"/> </div> <div data-rss-type="text"> <p> <span> THC users are more likely to order from these online retailers… </span> </p> <p> <span>   </span> </p> <p> <span> A recent study of present and past self-reported THC &amp; CBD users from Numerator, "Budding Behaviors: Insights into the Modern Cannabis Consumer," reveals that compared to non-users, surveyed THC users are 61% more likely to have ordered from DoorDash, 35% more likely for Uber Eats, 31% for Little Caesars Pizza, 28% for Jersey Mike’s Subs, 22% for Taco Bell, 22% for Jack in the Box, 19% for Pizza Hut, 19% for Dominos, 17% for Wawa and 16% for Popeyes.  </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=18b144c0ec&amp;e=e51f618df5" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-15+064410.png" alt="A burger king restaurant is lit up at night with cars parked in front of it."/> </div> <div data-rss-type="text"> <p> <span> Burger King is Betting $300 Million More on Modernization Plan </span> </p> <p> <span>   </span> </p> <p> <span> Burger King on Tuesday morning shared better-than-forecasted sales as Q1 comps rose 3.8 percent on top of an 8.7 percent result from a year ago. Restaurant Brands International, which also owns Firehouse Subs, Popeyes, and Tim Hortons, posted revenue of $1.74 billion, which topped Wall Street predictions of $1.7 billion.  </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/store-design-construction/superior-grocers-opens-1st-store-las-vegas?NL=SN-02&amp;Issue=SN-02_20240403_SN-02_842&amp;sfvc4enews=42&amp;cl=article_8&amp;utm_rid=CPG06000019360528&amp;_mc=em_SN_News_Supermarket%20News%20Daily_News_NL_04032024_52621&amp;utm_campaign=59357&amp;utm_medium=email&amp;elq2=4d47b7e8a7ba426181c9fd8171121043&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-15+064539.png" alt="A domino 's pizza restaurant with a car parked in front of it."/> </div> <div data-rss-type="text"> <p> <span> Domino’s has Built Momentum and Doesn’t Plan to Squander it </span> </p> <p> <span> <br/> </span> </p> <p> <span> Domino’s CEO Russell Weiner called his company an “equal opportunity share stealer” to describe how the brand likes to compete in the marketplace. He admitted the chain lost that philosophy in the past couple of years. But thanks to “Hungry for More”—a series of self-help initiatives covering food, operations, value, and enhanced franchisees—the country’s largest pizza chain is starting to see customers return in droves. In the first quarter, Domino’s same-store sales rose 5.6 percent year-over-year, driven primarily by higher order counts.  </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://assets1.chainstoreage.com/styles/max_width_640/s3/2023-10/amazon_fresh.jpg?itok=t7uKBfaI" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-15+064825.png" alt="A sears store is on the corner of a street"/> </div> <div data-rss-type="text"> <p> <span> A Decade Of Demolition Without Substantial Development Has Reset Retail </span> </p> <p> <span>   </span> </p> <p> <span> <span> A great recalibration of the country’s retail footprint has been underway for years, as bankruptcies have roiled some of the most beloved stores and restaurant chains. Now, as other sectors of CRE stumble and slow, retail has stabilized as a result. Retail spaces in the U.S. have clocked record-low vacancy rates for more than a year, most recently settling at 4.1% in the first quarter, according to </span> </span> <a href="http://costar.read/" target="_blank"> CoStar. </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/home-depot-making-1825-billion-acquisition?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGSKKeUaCKdJNSP4E-b_EXM3RlYQAJUJj3MaWlohKGDu8iZYtiAseJluApMQnI5K-FcaGQz9nNS7jlkgyNfPlY1Av9VT4NF_vs8MgJWkEjniR6Z" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-15+065021.png" alt="A large sign on the side of a building that says aldi food market."/> </div> <div data-rss-type="text"> <p> <span> Aldi opens new stores in Mississippi and Texas </span> </p> <p> <br/> </p> <p> <span> <span> Aldi continued its rapid expansion into the U.S. market with new stores opening in Pascagoula, Miss., and Texarkana, Texas, both on April 25.Both locations are open daily from 9 a.m. to 8 p.m., and for the grand opening weekend, shoppers can enter a sweepstakes for a chance to win a $500 Aldi gift card.  </span> </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/home-depot-making-1825-billion-acquisition?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGSKKeUaCKdJNSP4E-b_EXM3RlYQAJUJj3MaWlohKGDu8iZYtiAseJluApMQnI5K-FcaGQz9nNS7jlkgyNfPlY1Av9VT4NF_vs8MgJWkEjniR6Z" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-15+065201.png" alt="The front of a tractor supply co. store"/> </div> <div data-rss-type="text"> <p> <span> Tractor Supply Q1 sales hit record $3.4B amid comp increase, new store openings </span> </p> <p> <br/> </p> <p> <span> Tractor Supply is maintaining its full-year financial guidance after reporting increases in first-quarter earnings and sales.The nation’s largest rural lifestyle retailer also confirmed its previously announced plans to open  approximately 80 new Tractor Supply stores in 2024 as well as to continue its “Project Fusion” store remodels and garden center transformations.  </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/home-depot-making-1825-billion-acquisition?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGSKKeUaCKdJNSP4E-b_EXM3RlYQAJUJj3MaWlohKGDu8iZYtiAseJluApMQnI5K-FcaGQz9nNS7jlkgyNfPlY1Av9VT4NF_vs8MgJWkEjniR6Z" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-15+065612.png" alt="A tropical cafe is located in a shopping center"/> </div> <div data-rss-type="text"> <p> <span> Tropical Smoothie Cafe to be acquired in reported $2 billion deal </span> </p> <p> <span>   </span> </p> <p> <span> Tropical Smoothie Cafe is getting a new owner.Los Angeles-based private equity firm Levine Leichtman Capital Partners has entered into a definitive agreement to sell its portfolio company, Tropical Smoothie Café, to private equity funds managed by Blackstone. Terms of the transaction were not disclosed, but The Wall Street Journal reported that the deal values the fast-casual chain at about $2 billion.  </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/home-depot-making-1825-billion-acquisition?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGSKKeUaCKdJNSP4E-b_EXM3RlYQAJUJj3MaWlohKGDu8iZYtiAseJluApMQnI5K-FcaGQz9nNS7jlkgyNfPlY1Av9VT4NF_vs8MgJWkEjniR6Z" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-15+065856.png" alt="A graph showing 99 cents only stores closing in 15 orange county cities"/> </div> <div data-rss-type="text"> <p> <span> How Will 99 Cents Only Store Closures Impact Orange County? </span> </p> <p> <br/> </p> <p> <span> In early April, discount retailer 99 Cents Only announced that it would close all 371 of its stores across Arizona, California, Nevada and Texas. The majority of those storefronts are in Southern California, where a group of investors led by the former president of Big Lots and CEO of Pic ‘N’ Save Bargains is positioning to reopen 143 stores, following the initial closures and liquidation sales. 99 Cents Only — which is seeking Chapter 11 bankruptcy protection — occupies more than 90 locations in Los Angeles County, nearly 50 in the Inland Empire, 26 in Orange County and just over 20 in San Diego County, according to CoStar research. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/home-depot-making-1825-billion-acquisition?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGSKKeUaCKdJNSP4E-b_EXM3RlYQAJUJj3MaWlohKGDu8iZYtiAseJluApMQnI5K-FcaGQz9nNS7jlkgyNfPlY1Av9VT4NF_vs8MgJWkEjniR6Z" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-06-18+021300.png" alt="Two men are voting in a polling booth."/> </div> <div data-rss-type="text"> <p> <span> California Supreme Court Will Hear Arguments On Constitutionality Of Anti-ULA Ballot Measure </span> </p> <p> <span>   </span> </p> <p> <span> <span> The California Supreme Court will hear arguments May 8 about the constitutionality of a measure planned for November’s ballot that would reverse Los Angeles’ real estate transfer tax and dozens of other recently enacted special taxes. The court got involved after Gov. Gavin Newsom and the state legislature petitioned to take the measure off the ballot, an intervention that groups on both sides of the measure say is unusual.  </span> </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/home-depot-making-1825-billion-acquisition?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGSKKeUaCKdJNSP4E-b_EXM3RlYQAJUJj3MaWlohKGDu8iZYtiAseJluApMQnI5K-FcaGQz9nNS7jlkgyNfPlY1Av9VT4NF_vs8MgJWkEjniR6Z" target="_blank"> Read Full Article... </a> </p> </div> Fri, 03 May 2024 18:14:31 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-may-3-2024 thumbnail main image https://www.marcperlof.com/from-ashes-to-action-the-surprising-rise-of-retail-real-estate <div data-rss-type="text"> <p> <span> Hey, Retail Real Estate Rockstars! Let's dive deep into the current surge in retail real estate, proving to be the phoenix rising from the ashes of negative headlines. With insights from the economic gurus, Christine Cooper and Rafael De Anda of CoStar News, we've got a crystal-clear picture of why retail spaces are turning heads again. </span> </p> <p> <span>   </span> </p> <p> <span> Interestingly, even though some stores are closing and going bankrupt, the retail real estate market is doing quite well. This situation might seem strange, but it actually offers a unique perspective for those looking to get a better grasp of today's economy. For people who own retail real estate, paying attention to the economy and understanding what shoppers want can really help them find success and make smart choices with their investments.  </span> </p> <p> <br/> </p> <p> <span> Consumers Continue To Carry the Economy </span> </p> <p> <span>   </span> </p> <p> <span> The economy started 2024 on a strong note, mostly because people are spending more money. Even though prices are high and people are dealing with more debt, folks still feel pretty confident about their financial situations. The economy is expected to grow between 2% and 2.5% during the first quarter of the year. This good start comes after a strong end to last year, where the economy grew faster than originally thought—up to 3.4% in the last quarter of 2023. Also, people spent 0.8% more in February compared to January, and this spending was almost 5% higher than the same time last year. [1]. </span> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-05-29+014434.png" alt="A graph showing consumption and income keep growing"/> </div> <div data-rss-type="text"> <p> <span> Retail real estate is significantly impacted by this consumer-driven expansion, which highlights how crucial it is to comprehend and respond to these economic cues. Owners of retail properties should remember the following: </span> </p> <p> <span>   </span> </p> <ul> <li> <span> Consumer Confidence is Key: People are spending more money these days, partly because the stock market is doing well, with a 10% increase. This boost in the market makes people feel wealthier, so they are visiting stores more often and spending more money there. </span> </li> <li> <span> <br/> </span> </li> <li> <span> <span> Shift Towards Services: People are spending a lot more money on services now, which shows that their preferences are changing. They are particularly spending more on fun things like entertainment and travel. Because of this, places that sell these kinds of services or are near them might see more customers coming in.  </span> </span> </li> <li> <span> <br/> </span> </li> <li> <span> Automobile Sales and Beyond: The 3.9% increase in spending on cars and car parts in February shows that people are willing to spend more on both products and services. This trend could be good for stores that sell things related to cars or help improve them. </span> </li> </ul> <p> <span>   </span> </p> <p> <span> For those investing in retail real estate, it's important to understand the bigger economic picture. A strong job market supports steady consumer spending. In the past three months, there have been, on average, 265,000 new jobs added each month, and wages have been growing by at least 4% each year. However, investors should also watch for changes in interest rates, which are controlled by the Federal Reserve, as these can affect the economy too. [1] </span> </p> <p> <span>   </span> </p> <p> <span> The economy right now has both opportunities and challenges for those who own retail real estate. To do well in this constantly changing environment, owners need to use a smart plan that's based on the latest economic information and a deep understanding of what consumers want. Whether you're planning to buy, sell, or update properties, aligning your strategies with these economic trends can really pay off.  </span> </p> <p> <span> <br/> </span> </p> <p> <span> Call or DM me for more information on leveraging these insights to optimize your retail real estate portfolio. </span> </p> <p> <span> <br/> </span> </p> <p> <span> With the retail real estate market looking good because people are spending more and interest rates might change in June 2024 or September 2024, how can property owners use these changes to their advantage? </span> </p> <p> <span> <br/> </span> </p> </div> Mon, 22 Apr 2024 17:43:45 GMT https://www.marcperlof.com/from-ashes-to-action-the-surprising-rise-of-retail-real-estate thumbnail main image https://www.marcperlof.com/march-cpi-spike-unlock-the-secrets-to-thriving-retail-spaces <div data-rss-type="text"> <p> <span> Hey, Retail Real Estate Rockstars! Dive into the March 2024 inflation scoop and its impact on your retail property investments. The US CPI rose by 0.4% month-over-month and, more notably, saw a year-over-year increase from 3.2% in 2023 to 3.5% in 2024. This stir in the financial pot is influencing everything from consumer spending power to the attractiveness of investing in retail real estate. </span> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-05-29+014146.png" alt="A graph showing the u.s. consumer price index month-over-month percent change."/> </div> <div data-rss-type="text"> <p> <span> Here's why this matters to you: </span> </p> <p> <span>   </span> </p> <ul> <li> <span> Consumer Spending Power: An uptick in CPI indicates that shoppers are still out there, spending away—music to the ears of retail spaces. Rising costs in gas, rent, and mortgages are putting pressure on household budgets, which could affect consumer behaviors and retail sales. </span> </li> <li> <br/> </li> <li> <span> Investment Appeal: Shifts in financial markets, like rising bond yields, could sway investors toward other avenues, impacting real estate values. Persistent inflation and the possibility of higher interest rates, as suggested by Jamie Dimon of JPMorgan Chase, indicate a tougher environment for cost-sensitive investments. </span> </li> <li> <br/> </li> <li> <span> Loan Interest Rates: The inflation data fuels speculation about interest rates, directly affecting your financing strategies for retail properties. The March CPI increase, coupled with a strong job market, may delay the Federal Reserve's anticipated rate cuts, influencing your decisions on refinancing or new acquisitions. </span> </li> </ul> <p> <span>   </span> </p> <p> <span> This year's rise in inflation and its potential to disrupt the Federal Reserve's rate reduction plans in June 2024 require a cautious approach. As Greg Friedman of Peachtree Group suggests, we might need to adjust expectations, as 3% could become the new norm over the previous 2% target. This shift in monetary policy could recalibrate asset values and open up opportunities in distressed assets. </span> </p> <p> <span>   </span> </p> <p> <span> Knowledge is your superpower. Understanding how broader economic trends, like inflation, affect the retail real estate market empowers you to make informed decisions, whether you're buying, selling, or holding onto your properties. </span> </p> <p> <span>   </span> </p> <p> <span> Call or DM me for more information. Let's leverage these insights to elevate your retail property investments. </span> </p> <p> <span>   </span> </p> <p> <span> How do you stay ahead in the retail real estate market amidst economic fluctuations and Fed rate speculations? </span> </p> <p> <br/> </p> </div> Wed, 17 Apr 2024 17:40:55 GMT https://www.marcperlof.com/march-cpi-spike-unlock-the-secrets-to-thriving-retail-spaces thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-april-12-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div data-rss-type="text"> <p> <span> Aldi vs. Lidl: How do the German discount grocers differ? </span> </p> <p> <span>   </span> </p> <p> <span> <span> German grocers Aldi and Lidl are taking the U.S. grocery market by storm, but while the two discount grocers expand rapidly across the country, they appear to be targeting different customers, according to a new report from data analytics firm </span> </span> <a href="http://placer.ai/" target="_blank"> Placer.ai </a> <span> . </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> The report “Aldi &amp; Lidl Making the Cut” shows that Aldi experienced increased year-over-year and month-over-month visits between February 2023 and February 2024. During that same period, Lidl experienced year-over-year monthly visit increases, except for January 2024.  </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.eatthis.com/grocery-chains-opening-new-stores-2024/?utm_source=Iterable&amp;utm_medium=email&amp;utm_campaign=campaign_9478528&amp;utm_source=nsltr&amp;utm_medium=email&amp;utm_campaign=etntNewsletter" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-05-29+012338.png" alt="Three mascots dressed as coffee cups are standing on a baseball field."/> </div> <div data-rss-type="text"> <p> <span> These 10 retail brands are the fastest growing in the U.S., Yelp says </span> </p> <p> <span>   </span> </p> <ul> <li> <span> Chains owned by publicly traded restaurant companies accounted for half of the top 10 fastest-growing retail brands in the U.S. last year, according to a new Yelp report. </span> </li> <li> <span> Jack in the Box, First Watch and Dutch Bros. were among the public restaurant chains included in the report, but they didn't crack the top 10. </span> </li> <li> <span> Here are the top 10 fastest-growing brands, based on Yelp's research: </span> </li> </ul> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=18b144c0ec&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=35b195b700&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-05-29+012424.png" alt="A store front for batteries plus with a sign that says now open"/> </div> <div data-rss-type="text"> <p> <span> Batteries Plus continues aggressive expansion </span> </p> <p> <span>   </span> </p> <p> <span> Batteries Plus has ambitious expansion plans for the remainder of 2024 — including putting down roots in new territories. The consumer and business specialty battery franchise opened eight new stores in the first quarter, with locations spanning Connecticut, Nevada, California, Colorado, New York and Florida. These new stores kicked off the company's goal of opening 39 stores and signing 45 additional locations before the end of the year.  </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/store-design-construction/superior-grocers-opens-1st-store-las-vegas?NL=SN-02&amp;Issue=SN-02_20240403_SN-02_842&amp;sfvc4enews=42&amp;cl=article_8&amp;utm_rid=CPG06000019360528&amp;_mc=em_SN_News_Supermarket%20News%20Daily_News_NL_04032024_52621&amp;utm_campaign=59357&amp;utm_medium=email&amp;elq2=4d47b7e8a7ba426181c9fd8171121043&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-05-29+012441.png" alt="A papa johns pizza sign hangs from the side of a building"/> </div> <div data-rss-type="text"> <p> <span> Papa Johns to add 50 new stores through new agreement </span> </p> <p> <br/> </p> <p> <span> Papa Johns will expand its footprint in several key markets through a new agreement with one of its largest franchisees. The pizza chain has announced plans to open 50 new restaurants by 2028 in partnership with franchisee Nadeem Bajwa and his company, The Bajco Group, which has grown over the past 20 years to become one of Papa Johns’ largest domestic franchisees.  </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://assets1.chainstoreage.com/styles/max_width_640/s3/2023-10/amazon_fresh.jpg?itok=t7uKBfaI" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-05-29+012459.png" alt="A sign for ikea is in front of a building."/> </div> <div data-rss-type="text"> <p> <span> IKEA to Vacate Napa Valley Distribution Center </span> </p> <p> <span>   </span> </p> <p> <span> IKEA is planning to close its 646K SF distribution center in Napa Valley as it consolidates its West Coast logistics operations and increases in-store deliveries. The Swedish home furnishings giant announced this week that layoffs will begin in June at the warehouse it has occupied since the building was delivered in 2018 at 1 Middleton Way in. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/home-depot-making-1825-billion-acquisition?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGSKKeUaCKdJNSP4E-b_EXM3RlYQAJUJj3MaWlohKGDu8iZYtiAseJluApMQnI5K-FcaGQz9nNS7jlkgyNfPlY1Av9VT4NF_vs8MgJWkEjniR6Z" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-05-29+012515.png" alt="A billboard for yellowjackets is above a 99 cent store"/> </div> <div data-rss-type="text"> <p> <span> Former Big Lots President Wants To Save SoCal 99 Cents Only Stores </span> </p> <p> <span>   </span> </p> <p> <span> <span> Former Big Lots President Mark J. Miller told local news station ABC7 he has assembled investors, some of them former 99 Cents Only executives, with the aim of acquiring some of the Southern California locations and keeping them open. The chain has a high concentration of locations in SoCal. Of its 371 total stores, 143 are in the region. Miller has changes in mind for the store, but none that seem to deviate from the brand's core offerings.  </span> </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/home-depot-making-1825-billion-acquisition?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGSKKeUaCKdJNSP4E-b_EXM3RlYQAJUJj3MaWlohKGDu8iZYtiAseJluApMQnI5K-FcaGQz9nNS7jlkgyNfPlY1Av9VT4NF_vs8MgJWkEjniR6Z" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-05-29+012532.png" alt="A large white and blue building with a parking lot in front of it."/> </div> <div data-rss-type="text"> <p> <span> 99 Cents Only Files for Chapter 11, Begins Marketing Leases </span> </p> <p> <span>   </span> </p> <p> <span> Retail discounter 99 Cents Only Stores is seeking Chapter 11 bankruptcy protection and begun marketing leases for the hundreds of stores it's closing as it winds down its business and a potential buyer emerges for some of its Southern California locations. Number Holdings, the direct parent company of Commerce, California-based 99 Cents Only, on Monday said it had filed voluntary petitions for relief in the U.S. Bankruptcy Court for the District of Delaware in order to "implement the previously announced orderly wind-down of its business and pursue a value-maximizing sale of its real estate and other assets.  </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/home-depot-making-1825-billion-acquisition?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGSKKeUaCKdJNSP4E-b_EXM3RlYQAJUJj3MaWlohKGDu8iZYtiAseJluApMQnI5K-FcaGQz9nNS7jlkgyNfPlY1Av9VT4NF_vs8MgJWkEjniR6Z" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-05-29+012546.png" alt="A store front of a clothing store called uniqlo."/> </div> <div data-rss-type="text"> <p> <span> Uniqlo To Expand This Year With 11 New Stores in California, Texas </span> </p> <p> <span>   </span> </p> <p> <span> Global apparel retailer Uniqlo is staging a comeback in the United States, with plans to open nearly a dozen stores this year by entering Texas for the first time and expanding its footprint in California after a troubled initial roll-out of the chain. Uniqlo, part of Japanese holding company Fast Retailing, said it will debut 11 new stores, with six in California and five in Texas, making up a significant number of the 20-plus new-store openings slated for North America in 2024. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/home-depot-making-1825-billion-acquisition?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGSKKeUaCKdJNSP4E-b_EXM3RlYQAJUJj3MaWlohKGDu8iZYtiAseJluApMQnI5K-FcaGQz9nNS7jlkgyNfPlY1Av9VT4NF_vs8MgJWkEjniR6Z" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-05-29+012602.png" alt="A sign for randy 's donuts with a picture of a man holding a donut"/> </div> <div data-rss-type="text"> <p> <span> Randy’s Donuts to add 7 shops with eye toward 50 locations by year-end </span> </p> <p> <span>   </span> </p> <p> <span> On the heels of opening a store in North Hollywood, the Inglewood, California-based donut chain will next expand in the Los Angeles area in Culver City. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/home-depot-making-1825-billion-acquisition?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGSKKeUaCKdJNSP4E-b_EXM3RlYQAJUJj3MaWlohKGDu8iZYtiAseJluApMQnI5K-FcaGQz9nNS7jlkgyNfPlY1Av9VT4NF_vs8MgJWkEjniR6Z" target="_blank"> Read Full Article... </a> </p> </div> Fri, 12 Apr 2024 17:21:23 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-april-12-2024 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-april-5-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_49e3d090ba67483aac703462647e6095-mv2.webp" alt="A shopping cart is sitting in the middle of a supermarket aisle."/> </div> <div data-rss-type="text"> <p> <span> 10 Grocery Chains Opening Dozens of New Stores in 2024 </span> </p> <p> <span>   </span> </p> <p> <span> America has turned into something of a wonderland for grocery shoppers thanks to the mind-boggling array of stores spread throughout the country. Whether you're on the hunt for bargain bulk buys, discount groceries, extensive cheese selections, tantalizing bakery departments, or the chance to score free samples while you shop, there are a plethora of grocers in the United States to suit your needs. And in 2024, the number of grocery stores available to consumers is only growing.  </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.eatthis.com/grocery-chains-opening-new-stores-2024/?utm_source=Iterable&amp;utm_medium=email&amp;utm_campaign=campaign_9478528&amp;utm_source=nsltr&amp;utm_medium=email&amp;utm_campaign=etntNewsletter" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_d3ebb950dc2a42f18f85b218458a81d5-mv2.png" alt="A grocery outlet is now open in a parking lot."/> </div> <div data-rss-type="text"> <p> <span> Grocery Outlet Holding completes acquisition of United Grocery Outlet </span> </p> <p> <br/> </p> <p> <span> Grocery Outlet Holding Corp. has completed its acquisition of United Grocery Outlet, the company reported on Tuesday. United Grocery Outlet is an extreme discount grocer with 40 stores and a distribution center in the Southeastern U.S. </span> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_b5e39466896644778732b4b20d7713c8-mv2.png" alt="A man is holding a large piece of food in front of a store that says superior"/> </div> <div data-rss-type="text"> <p> <span> Superior Grocers opens 1st store in Las Vegas </span> </p> <p> <br/> </p> <p> <span> California-based Superior Grocers has opened a new store in Las Vegas — the company’s first outside of California. Last week, the Santa Fe Springs, Calif.-based grocer held a grand opening for a new store on the eastern side of the Las Vegas Valley, according to a LinkedIn post from the grocer.  </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/store-design-construction/superior-grocers-opens-1st-store-las-vegas?NL=SN-02&amp;Issue=SN-02_20240403_SN-02_842&amp;sfvc4enews=42&amp;cl=article_8&amp;utm_rid=CPG06000019360528&amp;_mc=em_SN_News_Supermarket%20News%20Daily_News_NL_04032024_52621&amp;utm_campaign=59357&amp;utm_medium=email&amp;elq2=4d47b7e8a7ba426181c9fd8171121043&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_1aa485338ffc4886b9c0329c06569185-mv2.png" alt="The front of an amazon fresh store with a cloudy sky in the background"/> </div> <div data-rss-type="text"> <p> <span> Amazon removing ‘Just Walk Out,’ installing Dash Cart at Amazon Fresh </span> </p> <p> <span> <br/> </span> </p> <p> <span> Amazon is scaling back the use of its proprietary "Just Walk Out" frictionless checkout technology.  In an email to Chain Store Age, Amazon spokesperson Jessica Martin confirmed multiple media reports that as part of a broader effort to redesign its Amazon Fresh high-tech grocery banner, the company will remove its “Just Walk Out” frictionless, cashierless shopping technology from Amazon Fresh stores.  </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://assets1.chainstoreage.com/styles/max_width_640/s3/2023-10/amazon_fresh.jpg?itok=t7uKBfaI" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_5629dc00074844828d860fd0acef3738-mv2.webp" alt="A man is standing in front of a home depot store"/> </div> <div data-rss-type="text"> <p> <span> Home Depot making $18.25 billion acquisition </span> </p> <p> <span> <br/> </span> </p> <p> <span> The Home Depot is making its biggest commitment yet to its home professional (“pro”) business. In the largest acquisition in its history, the home improvement giant has entered into an agreement to acquire SRS Distribution Inc. (SRS), a building products supply company serving the professional roofer, landscaper and pool contractor sectors. Total value of the deal (including net debt) was put at approximately $18.25 billion. </span> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/home-depot-making-1825-billion-acquisition?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGSKKeUaCKdJNSP4E-b_EXM3RlYQAJUJj3MaWlohKGDu8iZYtiAseJluApMQnI5K-FcaGQz9nNS7jlkgyNfPlY1Av9VT4NF_vs8MgJWkEjniR6Z" target="_blank"> Read Full Article... </a> </p> </div> Fri, 05 Apr 2024 21:59:10 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-april-5-2024 thumbnail main image https://www.marcperlof.com/unlock-gen-z-s-and-millennial-s-shopping-secrets-boost-your-retail-space-now <div data-rss-type="text"> <p> <span> Hey Retail Real Estate Rockstars! Let's talk about some cool trends that are changing the game for retail space, and how you can stay ahead. Imagine you're unlocking new ways to make your shopping spaces even more amazing and guiding them to success, just like finding the secret tree that grows money. </span> </p> <p> <span>   </span> </p> <p> <span> 1. Gen Z and Their Love for Online Worlds¹ </span> </p> <ul> <li> <span> Gen Z, those young shoppers, really like blending their shopping with online fun, like in video games or virtual reality. </span> </li> <li> <span> Adding tech that mixes online shopping with walking into a store can draw in these younger crowds. </span> </li> <li> <span> Stores inside video games or selling digital clothes for avatars are becoming a big deal, catching the eye of the younger crowd. </span> </li> <li> <span> Over half, 52%, of Gen Z gamers expressed a desire to make money in the metaverse. </span> </li> </ul> <p> <span>   </span> </p> <p> <span> 2. How Social Media is Shaping Holiday Shopping² </span> </p> <ul> <li> <span> Platforms like TikTok and Instagram are where a lot of people decide what they want to buy, especially during the holidays. </span> </li> <li> <span> Over a weekend, millions talked about holiday shopping online, showing just how big of a deal social media is for finding deals. </span> </li> <li> <span> Stores that get creative with social media can see more people walking through their doors. </span> </li> <li> <span> 48% of Gen Z consumers plan to buy at least some of their holiday gifts through social media </span> </li> </ul> <p> <span>   </span> </p> <p> <span> 3. Young People Boosting Luxury Sales³ </span> </p> <ul> <li> <span> Gen Z and millennials are spending more on fancy brands, helping those stores do really well. </span> </li> <li> <span> Companies like Tapestry are getting more sales by making their brands cool for younger shoppers through ads and partnerships. </span> </li> <li> <span> Tapestry reported gaining over 1.2 million new customers in North America, approximately half of whom were from the Gen Z and Millennial demographics. </span> </li> </ul> <p> <span>   </span> </p> <p> <span> 4. Money Matters and Shopping [4] </span> </p> <ul> <li> <span> Even though times might be tough, young shoppers are still willing to spend on things they really like. </span> </li> <li> <span> Keeping an eye on how people feel about spending can help stores plan better for tough times and good times. </span> </li> </ul> <p> <span>   </span> </p> <p> <span> 5. Shopping on Phones is Taking Over [5] </span> </p> <ul> <li> <span> More people are buying stuff using their phones than ever before, showing that stores need to make sure their online shopping is easy to use on mobile. </span> </li> <li> <span> 85% of Gen Z respondents indicated that social media influences their purchasing choices. </span> </li> </ul> <p> <span>   </span> </p> <p> <span> These trends aren't just interesting; they're your ticket to making your shopping spaces even cooler and more popular. From adding tech that blends the digital with the physical, to getting your stores talked about on social media, there's so much you can do to bring in more shoppers and sales. </span> </p> <p> <span>   </span> </p> <p> <span> Want to dive deeper into making these changes? Call, Text, or DM for more info on how to make your retail spaces the place to be. </span> </p> <p> <span>   </span> </p> <p> <span> What are some new, creative ways we can make retail spaces not just places to shop, but cool spots to hang out and have fun, especially for those who love being online? </span> </p> <p> <span>   </span> </p> <p> <span> Top 5 Hashtags: </span> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailRevolution" target="_blank"> #RetailRevolution </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/GenZStyle" target="_blank"> #GenZStyle </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/LuxuryForAll" target="_blank"> #LuxuryForAll </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/TechInRetail" target="_blank"> #TechInRetail </a> </p> <p> <span>   </span> </p> <p> <span> Footnotes: </span> </p> <p> <span> 1.        What Gen Z wants to see from brands as metaverse attachments grow By: Peter Adams  </span> </p> <p> <span> 2.        Nearly half of Gen Z will buy holiday gifts on social media, survey finds By: Tatiana WalkMorris  </span> </p> <p> <span> 3.        Tapestry’s Q3 revenue growth fueled by young consumers By: Lara Ewen  </span> </p> <p> <span> 4.        Claire’s assembles ‘Gen Zalpha’ influencer group to guide creativity By: Xanayra MarinLopez  </span> </p> <p> <span> 5.        ICSC: 85% of Gen Z says social media impacts purchase decisions By: Tatiana WalkMorris  </span> </p> <p> <span>   </span> </p> <p> <span> <br/> </span> </p> </div> Mon, 01 Apr 2024 22:01:03 GMT https://www.marcperlof.com/unlock-gen-z-s-and-millennial-s-shopping-secrets-boost-your-retail-space-now thumbnail main image https://www.marcperlof.com/fed-holds-rates-unlock-your-retail-real-estate-goldmine-now <div data-rss-type="text"> <p> <span> Hey Retail Real Estate Rockstars! Let's analyze some significant news from Federal Reserve Chairman Jerome Powell this past week and consider its implications for the retail real estate market. Powell provided some updates on Wednesday, March 20, 2024, and they have us all listening closely. What's the deal, then, and why should you care? Let's get started. </span> </p> <p> <span>   </span> </p> <ul> <li> <span> <span> Interest Rates Chill for Now: The Federal Reserve's top brass has opted against raising interest rates; the current range is 5.25%–5.5%. This is quite significant because it implies that borrowing money to purchase or renovate real estate won't become cheaper just yet. </span> </span> </li> <li> <span>   </span> </li> <li> <span> Growth is Good: Things may slow down a little, but growth in the economy is still anticipated. This is excellent news for the retailers in your properties since it signifies that consumers will continue to spend money. It's similar to receiving approval for your intentions to enlarge or upgrade your storefronts. </span> </li> <li> <span>   </span> </li> <li> <span> Inflation is Tricky: Although prices have been rising (that's inflation for you), they are now beginning to decline. They're not quite where we want them to be yet, though. This means for you to monitor consumer spending power and potentially consider the types of businesses that benefit from consumers being cautious with their money. </span> </li> <li> <br/> </li> <li> <span> Jobs, Jobs, Jobs: People have money to spend since unemployment is still low. Because it indicates consistent traffic and sales, this is wonderful news for your retail locations. It resembles a crowded street where people congregate to shop. </span> </li> </ul> <p> <span>   </span> </p> <p> <span> So, what's the game plan? With everything that's going on, it's all about being smart with your retail property moves. Whether you're looking to buy more, sell some off, or give your existing spots a makeover, knowing what's happening in the big picture can help you make the right calls. </span> </p> <p> <span>   </span> </p> <p> <span> If you're ready to level up your retail property game, I'm here to help you navigate these normalizing times. Whether it's fine-tuning your strategy, exploring new opportunities, or simply getting a second opinion on your next big move, I've got you covered. Call, Text, or DM for more details, and let's make your retail property dreams a reality together. </span> </p> <p> <span>   </span> </p> <p> <span> With all this news from the Federal Reserve, how are you going to navigate your retail real estate through the current uncharted territory ahead? </span> </p> <p> <span>   </span> </p> <p> <span>   </span> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealEstate" target="_blank"> #RetailRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/EconomicUpdate" target="_blank"> #EconomicUpdate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/PropertyGoals" target="_blank"> #PropertyGoals </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/RealEstatePros" target="_blank"> #RealEstatePros </a> </p> <p> <span> <br/> </span> </p> </div> Mon, 25 Mar 2024 22:01:56 GMT https://www.marcperlof.com/fed-holds-rates-unlock-your-retail-real-estate-goldmine-now thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-march-22-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_c7581ca69c744b88bfae75c45a57043d-mv2.webp" alt="A large building with the word jcpenney on it"/> </div> <div data-rss-type="text"> <p> <span> Joann Files for Bankruptcy, Plans To Keep Stores Open </span> </p> <p> <br/> </p> <p> <span> Joann, the leading U.S. seller of sewing supplies, has become the latest retailer to file for bankruptcy this year, but in this case, the chain plans to keep its 815 stores open. The Hudson, Ohio-based seller of fabrics as well as arts-and-crafts merchandise, said on Monday it is seeking voluntary Chapter 11 protection in U.S. Bankruptcy Court of the District of Delaware.  </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://product.costar.com/home/news/shared/672686809?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p2&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTcxMDg5NTgyOX0.A8JBlcCqHofniwlDN4wW1TwZud8MTkN9yTjc6YQwu8I" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_e6d3fba748164592929cb5ac09739fed-mv2.webp" alt="A steak n shake sign is lit up at night"/> </div> <div data-rss-type="text"> <p> <span> The Complex and Evolving Story of Steak ‘n Shake’s Comeback </span> </p> <p> <span>   </span> </p> <p> <span> Sardar Biglari can get philosophical when reflecting on Steak ‘n Shake. In 2022, he shared a quote from Italian Renaissance artist Michelangelo. “The sculpture is already complete within the marble block before I start my work. I just have to chisel away the superfluous material.”  Biglari’s point was the chain had to cut “superfluous elements” to sculpt a business model that worked. “We Michelangelo’ed Steak ‘n Shake,” Biglari said at the time. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/the-complex-and-evolving-story-of-steak-n-shakes-comeback/?spMailingID=110273&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=110273" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_a8c88b056b7847d9b8aabfc10fbcff64-mv2.webp" alt="A hamburger and a cup of french fries are on a table."/> </div> <div data-rss-type="text"> <p> <span> Freddy’s Sets Up Growth for Many Years to Come </span> </p> <p> <span>   </span> </p> <p> <span> There was a real person behind the name Freddy’s Frozen Custard &amp; Steakburgers. He was a man who grew up in Wichita, Kansas, enlisted in the Army, and came back a war hero with a Purple Heart and Bronze Star Medal.  After serving his country, Freddy Simon entered the hospitality business, meaning his entire adult life was in the business of serving others, said Freddy’s CEO Chris Dull. </span> </p> <p> <br/> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/growth/fast-casual/freddys-sets-up-growth-for-many-years-to-come/?spMailingID=110585&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=110585" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_0687296e1ae54ce1a1b3ab60bce2dad8-mv2.png" alt="Dick's Sporting Goods"/> </div> <div data-rss-type="text"> <p> <span> Dick’s posts ‘incredibly strong’ Q4; plans 'significant' 2024 sq. ft. growth </span> </p> <p> <br/> </p> <p> <span> Dick’s Sporting Goods reported the strongest holiday sales quarter in its history along with earnings that were far ahead of Street estimates.The nation’s largest sporting goods raised its quarterly dividend 10% to $1.10 per share and forecast another year of positive growth.  </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/dicks-posts-incredibly-strong-q4-plans-significant-2024-sq-ft-growth?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGR4IrUG51bm8qUVtYz4R7NYjn-i88XFgOoYa16BsakRWisqiiaA-_Gpq08jAqsw5Vl6GrkaFAgGzlmaYVdNkK5gOX8L5AmGp1neQ4xGv7mFBSv" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_d8e59700213f44c0865fbae1c027917e-mv2.webp" alt="A chick-fil-a restaurant with a circular table in the middle of the room."/> </div> <div data-rss-type="text"> <p> <span> Chick-fil-A’s First Mobile Pickup Restaurant Set to Open in NYC </span> </p> <p> <br/> </p> <p> <span> In the summer of 2023, Chick-fil-A unveiled a four-lane drive-thru design with capacity to serve 75 cars at once. Naturally, it was a headline firehouse, and one that illustrated a couple of points: Firstly, digital orders had grown to more than half of the brand’s sales in some markets. And secondly, asset evolution, in general, had come a long way industry-wide toward meeting a shift in consumer preference ignited by COVID conditions.  </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/chick-fil-as-first-mobile-pickup-restaurant-set-to-open-in-nyc/?spMailingID=110172&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=110172" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_35bdde5b058f41b99e4d452e69a802ba-mv2.webp" alt="A container of food with chicken , tomatoes , cucumbers , onions and lemons on a table."/> </div> <div data-rss-type="text"> <p> <span> Naya Seeks 200 Locations and Elevation of Middle Eastern Cuisine </span> </p> <p> <span>   </span> </p> <p> <span> Hady Kfoury founded Naya Mezze &amp; Grill in 2008 to create a casual, yet fine-dining restaurant platform for traditional Lebanese and Middle Eastern food. He was inspired by his hospitality management studies at Ecole Hoteliere de Lausanne in Switzerland and work with celebrity chefs Daniel Boulud and Francois Payard. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/naya-seeks-200-locations-and-elevation-of-middle-eastern-cuisine/?spMailingID=110060&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=110060" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_1549db154c11446496ee99778755c79a-mv2.webp" alt="A tray of fried chicken , french fries , coleslaw , pickles and sandwiches."/> </div> <div data-rss-type="text"> <p> <span> Angry Chickz Spices Up Chicken Franchise Segment </span> </p> <p> <br/> </p> <p> <span> David Mkhitaryan was hooked the moment he tried Nashville hot chicken. As a spicy food fanatic since childhood, Mkhitaryan took his experience from working in his family’s restaurant and set out to popularize the dish along the West Coast. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/angry-chickz-spices-up-chicken-franchise-segment/?spMailingID=110060&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=110060" target="_blank"> Read Full Article... </a> </p> </div> Fri, 22 Mar 2024 22:14:51 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-march-22-2024 thumbnail main image https://www.marcperlof.com/revolutionize-your-retail-space-tax-breaks-for-smart-investors <div data-rss-type="text"> <p> <span> Hey, Retail Real Estate Rockstars! </span> </p> <p> <span>   </span> </p> <p> <span> With its intriguing bonus depreciation features, the Tax Relief for American Families and Workers Act of 2024 has sparked interest in the retail real estate market. This law creates a window of opportunity for retail property owners to accelerate depreciation deductions, improve cash flow, and encourage investment in tangible assets by extending 100% bonus depreciation through 2025. </span> </p> <p> <span>   </span> </p> <p> <span> Here are some key takeaways: </span> </p> <ul> <li> <span> 100% bonus depreciation extended until the end of 2025. </span> </li> <li> <span> Applicable to equipment and other short lived capital assets. </span> </li> <li> <span> Aims to boost investment in the retail real estate sector. </span> </li> <li> <span> Temporary relief designed to encourage economic growth and job creation.  </span> </li> <li> <span> The extension of bonus depreciation is expected to mitigate the financial burden of investing in new or existing retail spaces. </span> </li> <li> <span> This measure can significantly enhance the after tax return on eligible investments. </span> </li> <li> <span> Car Washes, Gas Stations, and Electric Charging Stations are some of the real estate that qualify. </span> </li> </ul> <p> <br/> </p> <p> <span> Until the Senate passes it, nothing will happen. Then, President Biden must sign it or veto it, which can be overruled. </span> </p> <p> <span>   </span> </p> <p> <span> Don't miss out on this opportunity to revitalize your retail real estate investments. Want to dive deeper into how this can benefit your portfolio? Call, Text, or DM me for more information. </span> </p> <p> <span>   </span> </p> <p> <span> How will the extension of bonus depreciation impact your investment strategy in the coming years? </span> </p> <p> <span>   </span> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealEstate" target="_blank"> #RetailRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/BonusDepreciation" target="_blank"> #BonusDepreciation </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/EconomicGrowth" target="_blank"> #EconomicGrowth </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/RealEstateInvesting" target="_blank"> #RealEstateInvesting </a> </p> <p> <span> <br/> </span> </p> </div> Thu, 21 Mar 2024 22:16:01 GMT https://www.marcperlof.com/revolutionize-your-retail-space-tax-breaks-for-smart-investors thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-eastate-news-recap-march-15-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_e9ee1e6f63494cc6975daf2407f206ed-mv2.webp" alt="An artist 's impression of a large building with a bridge over it."/> </div> <div data-rss-type="text"> <p> <span> Inglewood receives $200M down payment for transit project from Biden Administration  </span> </p> <p> <br/> </p> <p> <span> INGLEWOOD – The city of Inglewood has announced receiving a $200 million down payment from the Biden Administration towards the Inglewood Transit Connector (ITC) project. According to a press release issued by Inglewood Mayor James Butts, the down payment is scheduled to come from a $1 billion pledge of federal funds from the Federal Transit Administration (FTA) towards construction costs of the nearly $2.2 billion 1.6 mile transit project. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://2urbangirls.com/2024/03/inglewood-receives-200m-down-payment-for-transit-project-from-biden-administration/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_188500a014a94a5b9376f9d887f3fb90-mv2.png" alt="A pollo loco restaurant with umbrellas and flowers in front of it."/> </div> <div data-rss-type="text"> <p> <span> El Pollo Loco Aims for Consistency as Growth Looms </span> </p> <p> <span>   </span> </p> <p> <span> El Pollo Loco reported its Q4 earnings just a few days before incoming CEO Liz Williams took her post this week. Interim CEO Maria Hollandsworth and CFO Ira Fils offered investors a glimpse at what’s to come under her leadership as the company looks to accelerate expansion with aspirations of becoming a stronger national player.  </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/el-pollo-loco-aims-for-consistency-as-growth-looms/?spMailingID=109929&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=109929" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_c18aeec4b8ef4ceaa2a8afa912aedca4-mv2.webp" alt="The front of a costco wholesale store with a blue sky in the background."/> </div> <div data-rss-type="text"> <p> <span> Costco holiday-quarter sales, traffic up; no membership fee hike — yet </span> </p> <p> <span>   </span> </p> <p> <span> Costco Wholesale Corp. maintained momentum in the crucial holiday quarter amid strong e-commerce growth and traffic gains. The membership warehouse club giant reported earnings that easily topped Wall Street expectations, but its sales came in below estimates. For its second quarter, ended Feb. 18, Costco’s net income rose to $1.74 billion, or $3.92 per share, compared to $1.47 billion, or $3.30 per share, in the year-ago period. Analysts had expected earnings per share of $3.62. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/costco-holiday-quarter-sales-traffic-no-membership-fee-hike-yet?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGR0RfKtO3-0zZdAEm7JHpkNukvNgm5rsGpadk7hfEuVtrodLVxXXh9ip0DhCaatxxt-o58fNNljqB7yDfppU80LcrN_-1PQVEu2b2HmW0ECVuK" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_4c6d03c08ef240cf809523299556d4b8-mv2.webp" alt="The front of a ross dress for less store"/> </div> <div data-rss-type="text"> <p> <span> As it plans 90 stores, Ross refocuses DD’s on existing markets </span> </p> <p> <br/> </p> <p> <span> Ross Stores opened 18 stores from February through this week, the retailer said Monday. The company opened 11 Ross Dress for Less stores and seven DD’s Discounts in 11 states, part of a plan to open about 90 stores in 2024. The retailer expanded its presence in the newer markets of Michigan and New York, while DD’s growth focused on the existing markets of California, Florida, and Texas, Gregg McGillis, group executive vice president of property development, said in an announcement. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.retaildive.com/news/ross-plans-stores-refocuses-dds-discounts-existing-markets/709873/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Issue:%202024-03-11%20Retail%20Dive%20Newsletter%20%5Bissue:59926%5D&amp;utm_term=Retail%20Dive" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7d9d08e09ef3402a8f41284173fc6d06-mv2.webp" alt="A sub sandwich is sitting on a table next to a bottle of hot pepper."/> </div> <div data-rss-type="text"> <p> <span> Potbelly Preps for Biggest Development Cycle in Years </span> </p> <p> <br/> </p> <p> <span> Potbelly hasn’t experienced net unit growth since 2017, but that will change this year in a big way. The same will be true in 2025, 2026, 2027, and into the foreseeable future.  </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/potbelly-preps-for-biggest-development-cycle-in-years/?spMailingID=109796&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=109796" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_9be20049fb5e43d0a3bfff058570a290-mv2.webp" alt="An aldi store with a sign in front of it"/> </div> <div data-rss-type="text"> <p> <span> US Grocery Wars Heat Up With Aldi’s Plans for $9 Billion Expansion </span> </p> <p> <span>   </span> </p> <p> <span> The competition among grocers is growing even fiercer, with German discount supermarket chain Aldi planning to add 800 stores across the United States to its fleet during the next five years in a $9 billion expansion. Aldi, with domestic operations based in Batavia, Illinois, said Thursday it will increase its U.S. property holdings through a combination of new openings and store conversions pegged for completion by the end of 2028. As part of those plans, Aldi also announced it had completed its acquisition of Southeastern Grocers and its Winn-Dixie and Harveys Supermarket chains, moves it said "will drive significant growth in the Southeast region over the next few years" through conversions of those stores. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://product.costar.com/home/news/shared/2043777540?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p1&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTcxMDI4OTgzMX0.iBeUep9Kj8sSc08UnQv_Us_taihcoHAtzEU5btMp-IU" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_fca0174ee25b418bab90c12aa3c1a253-mv2.webp" alt="Four different types of cookies are stacked on top of each other on a table."/> </div> <div data-rss-type="text"> <p> <span> How Chip City Transformed into a Cookie Competitor </span> </p> <p> <br/> </p> <p> <span> It didn’t take long for Chip City Cookies to recognize its offerings are meant for families. When the chain opened its first, 250-square-foot location in Queens, New York, it was picked up by a Facebook group comprising local moms who communicate about new concepts in the market.  </span> </p> <p> <span> “We had an army of strollers outside of our first location,” said cofounder Peter Phillips, speaking at the ICR Conference earlier this year. “We really just grew organically from that and developed very good around that.” </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/how-chip-city-transformed-into-a-cookie-competitor/?spMailingID=109708&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=109708" target="_blank"> Read Full Article... </a> </p> </div> Fri, 15 Mar 2024 22:21:19 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-eastate-news-recap-march-15-2024 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-march-8-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_6298590fbff5450b9bdd6b30d830112f-mv2.webp" alt="A target store with a stop sign in front of it"/> </div> <div data-rss-type="text"> <p> <span> Target to open 300 stores over next decade </span> </p> <p> <span>   </span> </p> <p> <span> Target Corp. reported fourth-quarter sales and earnings above Street expectations amid lower markdowns and improved in-stocks, but warned of sluggish sales for the current year. Separately, the retailer said it will launch a paid membership program, called Target Circle 360, in April. The program, announced at Target's investor day,  will include unlimited free same-day delivery for orders over $35 in as little as one hour and two free-day shipping, along with other perks.  </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/target-earnings-surge-58-amid-lower-costs-lean-inventory#:~:text=Target%27s%20fourth-quarter%20net%20income,sales%20for%20the%20current%20year." target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_9d57cf2147d04c34a22da4cfe9907d94-mv2.png" alt="A fast food restaurant with a blue roof and blue awnings"/> </div> <div data-rss-type="text"> <p> <span> Regional Dutch Bros Coffee Chain Brews Up National Expansion </span> </p> <p> <span>   </span> </p> <p> <span> When Dutch Bros debuted its first coffee shop last month in California's Orange County, throngs of people were waiting. Some had arrived the night before, and others traveled from as far as Arizona for the grand opening that morning. The line to get served "stretched for more than a mile," Christine Barone, the chain's CEO, said during the company's call to discuss its fourth-quarter earnings. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://product.costar.com/home/news/shared/478265115?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p2&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTcwOTgyOTg4MX0.GFUsN7RWE1cmt1OdHmCTCSat8emuMc0ekVE5oUoOXJg" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_398c8db3ad6b4272aa49121ca56d5db2-mv2.webp" alt="A restaurant with a sign that says `` order here ''."/> </div> <div data-rss-type="text"> <p> <span> Founders Table Forges Growth Plan for Collection of Premium Fast Casuals </span> </p> <p> <span>   </span> </p> <p> <span> Founders Table Restaurant Group comprises concepts created by operators who never let go of their curiosity. Chopt cofounders Tony Shure and Colin McCabe wondered why salad couldn’t be a side dish. Brothers Liam and Oliver Kremer wanted to know why they couldn’t find a decent mission-style burrito in New York, which led to Dos Toros. FIELDTRIP founder and James Beard Award-winning chef JJ Johnson had a vision to bring healthy rice bowls to Harlem when no one else did.  </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/founders-table-forges-growth-plan-for-collection-of-premium-fast-casuals/?spMailingID=109615&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=109615" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_f5ce579485c943db9645a8c9d969f024-mv2.webp" alt="The front of a foot locker store in washington heights"/> </div> <div data-rss-type="text"> <p> <span> Foot Locker in Q4 loss; to unveil store of the future, revamp existing stores </span> </p> <p> <br/> </p> <p> <span> Foot Locker ended its fiscal year on a slightly downbeat note, reporting a loss for the fourth quarter and issuing weak guidance. Despite the loss, the athletic shoe and apparel retailer still beat analysts’ expectations. But it warned that it would not meet the  profitability goal — to reach an EBIT margin of 8.5% to 9% by 2028 — it disclosed at its March 2023 Investor Day on time  </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/foot-locker-q4-loss-unveil-store-future-revamp-existing-stores?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGRt5AjFmVR2Cq4-7d2V0Y1ClMRyKTEy7cFYf_dnwxD9ilOKR40bKdGUquYIv0P-mTeb0_n-12arcPaKnBi9U7jLckl_52xg6k23nRb8baSjoYn" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_6cf97e455153421b9501c52b716d1a31-mv2.webp" alt="Cars are parked in front of a ross dress for less store"/> </div> <div data-rss-type="text"> <p> <span> Ross Stores to open 90 new stores in 2024 </span> </p> <p> <br/> </p> <p> <span> Ross Stores easily topped expectations for its fourth quarter, but warned that housing, food and gasoline costs continue to put pressure on its customers. In a statement, CEO Barbara Rentler cited the “sustained” sales momentum that began in its second quarter and continued through the holiday season, but cautioned there remains “ongoing uncertainty in the macroeconomic and geopolitical environments.”  </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/ross-stores-open-90-new-stores-2024?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGRt5AjFoF3qLp4RY26fCblboXe7T3MDMGEbQfzGY114aVB94Rrribh2caJbIFFDlrXLyQyOzMwMf5M6BGbPgpP5lYh6Y_uLQdh4kqc1_Le6xGB" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_ee4dc50d8ce34280952fe4129b88ea99-mv2.png" alt="A club sandwich is stacked on top of each other on a plate on a table."/> </div> <div data-rss-type="text"> <p> <span> McAlister’s Cracks $1 Billion, but Best is Yet to Come </span> </p> <p> <br/> </p> <p> <span> For the first time in company history, McAlister’s surpassed $1 billion in sales in 2023, fulfilling a prediction the chain tracked for a few years now. It’s a big number, but chief brand officer Mike Freeman says the accomplishment boils down to a handful of key pillars. The first is decision-making and leading with the guest experience. The second is legacy franchise ownership and brand leadership working harmoniously to drive the company forward.  </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/mcalisters-cracks-1-billion-but-best-is-yet-to-come/?spMailingID=109530&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=109530" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_5f4effa1769a4320abe11dafc7c6bdbf-mv2.webp" alt="A fried chicken sandwich with lettuce , tomato , onions and french fries on a plate."/> </div> <div data-rss-type="text"> <p> <span> Roots Chicken Shak Unveils a Unique Path to Expanding Beyond Food Halls </span> </p> <p> <br/> </p> <p> <span> Tom Foley typically doesn’t eat fried food. Yet, during a menu tasting for chef Tiffany Derry’s duck-fat fried chicken concept Roots Chicken Shak, Foley took one bite of the Big Bird sandwich, “and I didn’t stop. I finished it,” he recalls. “And then Tiffany comes out with a Spicy Bird, the spicy version of it. I took a bite and finished it. At one point she looks at me, because we still have chicken wings and tenders to go through, and Tiffany goes, ‘you know this is a tasting, right?’ I’m not so sure if that’s how you’re supposed to have a tasting.” </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/roots-chicken-shak-unveils-a-unique-path-to-expanding-beyond-food-halls/?spMailingID=109418&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=109418" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_0c99ea94965e442bbb41b037e12f6307-mv2.webp" alt="An artist 's impression of a grocery store with a green ceiling."/> </div> <div data-rss-type="text"> <p> <span> Whole Foods to roll out small-format store concept — here’s what it will look like </span> </p> <p> <br/> </p> <p> <span> Whole Foods Market is going small with a new concept for dense metro areas.The natural and organic foods grocer is launching a “quick-shop” store format that’s designed to provide customers in urban neighborhoods a quick and convenient shopping experience. Dubbed “Whole Foods Market Daily Shop,” the stores will range between 7,000 sq. ft. to 14,000 sq. ft., which is about a quarter to half the footprint of an average 40,000-sq.-ft. Whole Foods location.  </span> </p> <p> <br/> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/whole-foods-roll-out-small-format-store-concept-heres-what-it-will-look?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGRrUHsI9iXVqHSYj2woJ5T581QRMHhyJeNBG0FLPx9SUBCTpLKwDul6WBVN2EfEWpokPGiXFCsaY4eXD8bR6IMErK90h6ZMktXiGZlKTpxdtdT" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_91ef4c42bea84fbcb08f37175724f9f0-mv2.webp" alt="A grocery outlet is now open in a shopping center."/> </div> <div data-rss-type="text"> <p> <span> Grocery Outlet to open 15 - 20 stores in 2024; 100 approved sites for 2025 and 2026 </span> </p> <p> <br/> </p> <p> <span> Grocery Outlet Holding Corp. is expanding its reach.The extreme discount grocer opened 13 new stores during its fourth quarter, including its first location in Ohio, for a total of 468 stores in nine states. It plans to open 15 to 20 new stores in 2024. </span> </p> <p> <br/> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/whole-foods-roll-out-small-format-store-concept-heres-what-it-will-look?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGRrUHsI9iXVqHSYj2woJ5T581QRMHhyJeNBG0FLPx9SUBCTpLKwDul6WBVN2EfEWpokPGiXFCsaY4eXD8bR6IMErK90h6ZMktXiGZlKTpxdtdT" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_8499c30659cc48d986942382fe2d2049-mv2.webp" alt="A red building with the word appetizers on it"/> </div> <div data-rss-type="text"> <p> <span> Ribs With Your Pancakes? Applebee’s and IHOP Placed Under One Roof As Eateries Test Formats </span> </p> <p> <span> <br/> </span> </p> <p> <span> Dine Brands Global is looking to develop more dual-branded restaurants, blending some of its new Applebee’s and IHOP restaurants into one eatery under the same roof to save money on real estate and supplies while driving more sales. Competitors including Outback Steakhouse and the Cheesecake Factory are also looking for property efficiencies. They are planning expansions and remodeling restaurants to capitalize on steady restaurant spending of the past three years after dining room shutdowns of the COVID-19 pandemic’s early months.  </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://product.costar.com/home/news/shared/744977717?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p3&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTcwOTY5MDk4OH0.EBSvDPVsTxaYeYCJoA3VqTFnc3KPze0gkrvKWkpCt4k" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_84bd916147414a29833570b3a36a0a69-mv2.webp" alt="An artist 's impression of a burger king restaurant"/> </div> <div data-rss-type="text"> <p> <span> Church’s Road Back Began with Finding Itself Again </span> </p> <p> <br/> </p> <p> <span> This compass—“who we are”—has served as the central theme in the 72-year-old brand’s turnaround since Guith, a former GoTo Foods (then Focus Brands) executive, arrived in early August 2022. Church’s was founded in 1952 in San Antonio, Texas, by George W. Church. It was a walk-up stand located a block south of the Alamo that sold two pieces of chicken and a roll for 49 cents. It began as “Church’s Fried Chicken-To-Go.”  </span> </p> <p> <br/> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/churchs-road-back-began-with-finding-itself-again/?spMailingID=109322&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=109322" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_d433891a7ea24557b719a36a34378883-mv2.webp" alt="A dutch bros store with a truck parked in front of it."/> </div> <div data-rss-type="text"> <p> <span> Dutch Bros to open 150 to 165 shops in 2024; moving some corporate jobs to Phoenix </span> </p> <p> <br/> </p> <p> <span> Dutch Bros ended the year on an upbeat note as it continues to drive new store growth. The fast-growing drive-thru coffee chain’s total revenue rose 25.9% to $254.1 million in the fourth quarter (ended Dec. 31). For the full year, total revenue grew 30.7% to $965.8 million. </span> </p> <p> <br/> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/dutch-bros-open-150-165-shops-2024-moving-some-corporate-jobs-phoenix?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_Weekend&amp;mkt_tok=ODI1LUxTUC01NDUAAAGRnh7V5OgQMF4wjnytT5e9XATyI2aoL7a5DgRK9Up2uZ-E8GRqGz6bLTvdcTLbR9smAgjEC54J4mnxNa4kt_Q8tpiQXpswVjovZ1X1umahNbBU" target="_blank"> Read Full Article... </a> </p> </div> Fri, 08 Mar 2024 22:53:51 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-march-8-2024 thumbnail main image https://www.marcperlof.com/jerome-powell-s-insider-tips-best-time-to-sell-retail-space-unveiled <div data-rss-type="text"> <p> <span> Hey Retail Real Estate Rockstars! Let’s jump into some cool stuff that’s happening in the world of money and business, especially for those of us who own retail real estate. We're mixing together some smart words from Jerome Powell, the big boss at the Federal Reserve from a 60 Minutes interview that took place on February 1, 2024, and the testimony that took place today, March 6, 2024. Here’s what’s going on and why you should care: </span> </p> <p> <span>   </span> </p> <p> <span> From the Federal Reserve's Report (March 6, 2024): </span> </p> <ul> <li> <span> Economy is Booming: Last year, the economy grew by 3.1% thanks to people buying lots of stuff. This is great news for us because when people spend money, retail gets busy, and we make more money.² </span> </li> <li> <span> Jobs Everywhere: Unemployment is super low at 3.7%, meaning most people have jobs and money to spend on retail goods and services.² </span> </li> <li> <span> Prices Getting Better: Things have been pretty expensive because of high inflation, but the good news is, prices are starting to go down.² This means it might cost our tenants less to run their stores, and people might start buying more because things aren't as pricey, thus asking rents might increase. </span> </li> </ul> <p> <span>   </span> </p> <p> <span> And, from Jerome Powell on 60 Minutes (February 1, 2024): </span> </p> <ul> <li> <span> Inflation Cooling Down: Inflation dropped from a high of 9% to about 3%, which means things aren’t getting expensive as fast as they were before.¹ This is good for us, our retail tenants and their customers. </span> </li> <li> <span> Interest Rates on Pause: The Fed isn’t planning to change interest rates right now. They want to make sure everything stays stable before they make any moves.¹ This is important for us when we think about the next step for our properties. But it doesn’t mean the Fed is going to wait for inflation to be exactly at 2%. </span> </li> <li> <span> Strong Economy: With lots of jobs and a strong economy, people have more money to shop, which is amazing for our retail spaces and tenants.¹ </span> </li> <li> <span> There might be a rate decrease of ¼ to ½ point in the Federal Funds rate in June 2024 and then a pause from there. </span> </li> </ul> <p> <span>   </span> </p> <p> <span> All this information points to a pretty stable time for those of us in retail real estate. Whether you're thinking about selling, buying more, or just making your current spaces better, things are looking up. </span> </p> <p> <span>   </span> </p> <p> <span> If you’re figuring out what to do with your retail properties and want some advice, let’s connect. Call, Text, or DM me for more info. </span> </p> <p> <span>   </span> </p> <p> <span> With all these updates from Jerome Powell and the Fed, how can you use this information to make smart moves with your retail properties in the next few months? </span> </p> <p> <span>   </span> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealEstate" target="_blank"> #RetailRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/SmartInvesting" target="_blank"> #SmartInvesting </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/EconomicUpdate" target="_blank"> #EconomicUpdate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/PropertyGoals" target="_blank"> #PropertyGoals </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/FinanceSavvy" target="_blank"> #FinanceSavvy </a> </p> <p> <span>   </span> </p> <p> <span>   </span> </p> <p> <span> Sources: </span> </p> <p> <a href="https://www.youtube.com/watch?v=uNEoTlDJGxk" target="_blank"> 1. "Chairman Powell; A Hole in the System; The Mismatch | 60 Minutes Full Episodes"  Jerome Powell shares his thoughts on money, business, and keeping prices stable. </a> </p> <p> <span> <br/> </span> </p> <p> <a href="https://www.youtube.com/watch?v=iC7uisIkpmQ" target="_blank"> 2. Federal Reserve's Semiannual Monetary Policy Report to Congress, Summary by Chairman Powell, [March 6, 2024]  A report that gives us the scoop on how the economy is doing and what it means for us in retail real estate. </a> </p> <p> <span> <br/> </span> </p> </div> Thu, 07 Mar 2024 22:56:23 GMT https://www.marcperlof.com/jerome-powell-s-insider-tips-best-time-to-sell-retail-space-unveiled thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-march-1-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7f5172f0f7b1448f86046e601431c5d2-mv2.webp" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7b309b8ef6674307b5b1847e6ac4639e-mv2.webp" alt="A grocery store filled with lots of fruits and vegetables."/> </div> <div data-rss-type="text"> <p> <span> Discount grocer tops list of nation's fastest-growing grocers in 2023 </span> </p> <p> <span>   </span> </p> <p> <span> <span> In 2023, the fastest-growing grocers opened 253 stores and added 8.4 million square feet of new space, with one company’s expansion outdistancing all others. Discount grocer Aldi further solidified its position as the nation’s most aggressive grocer in terms of store expansion, opening 109 locations in 2023, according to JLL’s "2024 Grocery Report."  </span> </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/discount-grocer-tops-list-nations-fastest-growing-grocers-2023?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGRk4IN3lPHhwkUcRgkLXKbmiU6P0Pc1boRt0eB6KOxp-bSaioJraQ3NDEhuVuxjB7qxDF6LVbkc8o8ZOs9ADfcECa5g7mtUDKqwn-ZYUrVV71Y" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_e0a08179a47743b8bc0a6ea99bc2f5e6-mv2.webp" alt="A man is kneeling down in a kitchen holding a bowl of avocados."/> </div> <div data-rss-type="text"> <p> <span> Chipotle Doubles Venture Fund to $100 Million </span> </p> <p> <span>   </span> </p> <p> <span> Chipotle announced Wednesday that it’s doubling its Cultivate Next venture fund to $100 million, boosting its ability to invest in companies that will help accelerate plans to reach 7,000 restaurants in North America. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/chipotle-doubles-venture-fund-to-100-million/?spMailingID=109155&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=109155" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_91ef4c42bea84fbcb08f37175724f9f0-mv2.webp" alt="A grocery outlet is now open in a shopping center."/> </div> <div data-rss-type="text"> <p> <span> Grocery Outlet plans to open up to 60 stores in 2024 </span> </p> <p> <br/> </p> <p> <span> Grocery Outlet Holding Corp. experienced year-over-year net sales growth of 6.3% to $989.8 million for the fourth quarter of 2023, the company reported Tuesday in its Q4 earnings report.  </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/news/grocery-outlet-plans-open-60-stores-2024?NL=SN-02&amp;Issue=SN-02_20240229_SN-02_872&amp;sfvc4enews=42&amp;cl=article_3&amp;utm_rid=CPG06000019360528&amp;_mc=em_SN_News_Supermarket%20News%20Daily_News_NL_02292024_52272&amp;utm_campaign=58963&amp;utm_medium=email&amp;elq2=d267d05b4a374dc4b0e5204d1299517a&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_ad2bcf722bd84c7d9c1a2c7d139bf307-mv2.png" alt="A man in a suit and white shirt is smiling for the camera."/> </div> <div data-rss-type="text"> <p> <span> Flynn Group Isn’t up for Sale </span> </p> <p> <br/> </p> <p> <span> Flynn Group—the world’s largest franchisee company—is not up for sale, contradictory to previous reports. Greg Flynn denied the rumors at the annual International Franchise Association Convention in Phoenix on February 19, according to an IFA representative. He spoke during a general session entitled, “Disciplined Execution and a Visionary Mindset Paved the Way for Multi-Unit Franchisee Greatness.” </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/flynn-group-isnt-up-for-sale/?spMailingID=109097&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=109097" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_a28c3327e9354706803c96cf5da5db76-mv2.webp" alt="A large building with the word bloomingdale on it"/> </div> <div data-rss-type="text"> <p> <span> Macy’s to close 150 nameplate stores; expand off-mall and luxury formats </span> </p> <p> <br/> </p> <p> <span> Macy’s Inc. unveiled a new strategy that includes a much smaller footprint and a big bet on its luxury and beauty brands. The department store giant said it is “focusing resources” by closing approximately 150 underproductive Macy’s locations, including some 50 by the end of 2024, and prioritizing investment in approximately 350 “go-forward” nameplate locations and the continued expansion of small-format stores. In October, Macy’s  said it would open up to 30 small-format, off-mall stores through fall 2025, starting in fall 2024. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/macys-close-150-nameplate-stores-expand-mall-and-luxury-formats?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGRjl5OZpk84yMn5zuLDgVMEjGmDq9-nWVjGx7CE5YnTdl8IqKszG3yN645IVOu5AhbvMvANvFfEz6SccGxxaJI4Ko2DGQAUzv_xTtVtnMXtUE_" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_f6e6fec3fd6a47bfb0a440059ced3e79-mv2.webp" alt="A white truck is parked in front of a lowe 's store."/> </div> <div data-rss-type="text"> <p> <span> Lowe’s net sales fall 17% in Q4 </span> </p> <p> <br/> </p> <p> <span> Dive Brief: </span> </p> <p> <br/> </p> <p> <span> Lowe’s on Tuesday reported fourth-quarter net sales fell about 17% to $18.6 billion from $22.4 billion a year earlier. The home improvement retailer’s prior year Q4 sales included about $1.4 billion from a 53rd week on the calendar and $958 million from the sale of the company’s Canadian retail business during Q1 of last year. </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.retaildive.com/news/lowes-net-sales-fall-17-in-q4/708624/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Issue:%202024-02-27%20Retail%20Dive%20Newsletter%20%5Bissue:59511%5D&amp;utm_term=Retail%20Dive" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_0e61322e6d1942c7ab2f3f94be795200-mv2.webp" alt="A del taco restaurant with a purple sky in the background."/> </div> <div data-rss-type="text"> <p> <span> Franchisors Revamp Restaurants to Meet Drive-thru Demand </span> </p> <p> <br/> </p> <p> <span> <span> After accelerating during the COVID-19 pandemic, the heavy use of restaurant drive-thrus and third-party delivery apps hasn’t </span> </span> <a href="http://waned.as/" target="_blank"> waned.As </a> <span> <span> a result of the continued growth, restaurant brands are reassessing the look and function of their buildings. In the last couple of years, franchisors large and small have rolled out new prototypes to meet consumer demand. </span> </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.franchisetimes.com/franchise_operations/franchisors-revamp-restaurants-to-meet-drive-thru-demand/article_35aaff22-d010-11ee-ac80-03db21501b6f.html" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_ef8ea8285db547258625fa09a1054d5c-mv2.webp" alt="The front of a kroger store with a blue sign on it"/> </div> <div data-rss-type="text"> <p> <span> FTC sues to block Kroger-Albertsons $24.6 billion merger </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> <span> The Federal Trade Commission has sued to block the largest proposed supermarket merger in U.S. history.The FTC has issued an administrative complaint and authorized a lawsuit in federal court to block the proposed acquisition between The Kroger Company and Albertsons Companies, which was first announced in October 2022 and has been met with increasing regulatory scrutiny.  </span> </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/ftc-sues-block-kroger-albertsons-246-billion-merger?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGRiTUEPDY3oLEM8TTqShOIgVRgDDdyAw2jm1R9ieQvfArO7MK9O0k4AC9Ijj1zpgfIFRD6U93vK93Yd6xqVhsYTnN0_dNLktVOL1Fex5974Am7" target="_blank"> Read Full Article... </a> </p> </div> Fri, 01 Mar 2024 23:08:08 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-march-1-2024 thumbnail main image https://www.marcperlof.com/unlocking-profit-jack-in-the-box-s-expansion-secret <div data-rss-type="text"> <p> <span> Hey, Retail Real Estate Rockstars! </span> </p> <p> <span>   </span> </p> <p> <span> Let's break down some big news from Jack in the Box's 1Q2024 earnings call that took place on Wednesday, February 21, 2024, and why it's super important for retail real estate owners: </span> </p> <p> <span>   </span> </p> <ul> <li> <span> A little dip in the money bag: Even though they brought in a bit less cash this time, down 7.5% to $487.5 million from last year, it's mostly because they're changing up how they run Del Taco stores. But hey, they're still pushing forward with cool new stuff.¹ </span> </li> <li> <span>   </span> </li> <li> <span> They really knocked it out of the park with their earnings, doing better than what analysts thought they would. Plus, they're expanding to new places like Florida and Michigan.² </span> </li> <li> <span>   </span> </li> <li> <span> They've got this new burger, the Smashed Jack, that's got everyone talking and wanting more. ² </span> </li> <li> <span>   </span> </li> <li> <span> They're getting really into online orders, aiming for 20% of their sales to come from clicks and taps. ² </span> </li> <li> <span>   </span> </li> <li> <span> With plans to open more stores, having signed agreements for 91 new openings, they're not slowing down. ² </span> </li> </ul> <p> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_002d4d96a15549a58bad57ad5aeef57a-mv2.webp" alt="A map of the united states showing where jack in the box is growing"/> </div> <div data-rss-type="text"> <p> <span> For those owning retail property, Jack in the Box's moves are a big deal. Their growth could mean more value for your spaces. </span> </p> <p> <span>   </span> </p> <p> <span> Curious about how this could benefit your property? Call, Text, or DM me for more info. </span> </p> <p> <span>   </span> </p> <p> <span> Thinking about all this, how are you gearing up your retail space to attract big names like Jack in the Box? </span> </p> <p> <span>   </span> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealEstate" target="_blank"> #RetailRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/JackInTheBox" target="_blank"> #JackInTheBox </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/GrowthOpportunities" target="_blank"> #GrowthOpportunities </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/PropertyInvestment" target="_blank"> #PropertyInvestment </a> </p> <p> <span>   </span> </p> <p> <span> Sources: </span> </p> <p> <span> <span>  1.        </span> </span> <a href="https://www.businesswire.com/news/home/20240221077971/en/Jack-in-the-Box-Inc.-Reports-First-Quarter-2024-Earnings" target="_blank"> https://www.businesswire.com/news/home/20240221077971/en/Jack-in-the-Box-Inc.-Reports-First-Quarter-2024-Earnings </a> </p> <p> <span> <span> 2.        </span> </span> <a href="https://www.youtube.com/watch?v=8KGzeJtGFEs" target="_blank"> https://www.youtube.com/watch?v=8KGzeJtGFEs </a> </p> <p> <span> <span> 3.        </span> </span> <a href="https://www.jackintheboxfranchising.com/available-markets" target="_blank"> https://www.jackintheboxfranchising.com/available-markets </a> </p> <p> <span> <br/> </span> </p> </div> Tue, 27 Feb 2024 23:10:15 GMT https://www.marcperlof.com/unlocking-profit-jack-in-the-box-s-expansion-secret thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-february-23-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-02-29+060309.jpg" alt="A banner for weekly commercial real estate news recap"/> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-02-29+060334.jpg" alt="A person is inserting a discover card into an atm machine"/> </div> <div data-rss-type="text"> <p> <span> Capital One-Discover merger could put a bigger squeeze on credit card users, experts warn </span> </p> <p> <span>   </span> </p> <p> <span> Capital One’s $35.3 billion deal to buy Discover is a long way from being completed. But consumer advocates and some lawmakers are already raising questions about how the proposed merger could affect credit-card users — many of whom are already under pressure from high interest rates and record debts.  </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.nbcnews.com/business/consumer/capital-one-discover-merger-put-bigger-squeeze-credit-card-users-exper-rcna139554" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_17b01af3a868431089e11270dea4cc1b-mv2.png" alt="A shoe store with a round bench in the middle of the room."/> </div> <div data-rss-type="text"> <p> <span> Philly Could Snag First Michael Jordan-Branded World Of Flight Store In The U.S. </span> </p> <p> <br/> </p> <p> <span> Nike has targeted Philadelphia as the first known U.S. market for a retail concept store dedicated to its Michael Jordan brand.The activewear giant is eyeing 1617 Walnut St. as the site of a Jordan World of Flight, the Philadelphia Business Journal first reported. The report was backed up by city records indicatingMBH Architects had applied for final permission to change signage and the facade of the building to make way for the retail venture.  </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.bisnow.com/philadelphia/news/retail/philly-could-snag-first-michael-jordan-branded-world-of-flight-store-in-the-us-122897?utm_source=outbound_pub_6&amp;utm_campaign=outbound_issue_74800&amp;utm_content=outbound_link_8&amp;utm_medium=email" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_d7a54e0c0e694bd08aba1095d7d3886e-mv2.png" alt="A man is standing on a stage in front of a large screen that says go to foods."/> </div> <div data-rss-type="text"> <p> <span> Auntie Anne’s and Cinnabon parent company Focus Brands rebrands to GoTo Foods </span> </p> <p> <br/> </p> <p> <span> Auntie Anne’s, Cinnabon, and Jamba parent company Focus Brands announced Tuesday morning the company’s rebranding to GoTo Foods. GoTo Foods’ new name and identity represents its “continued transformation into a platform company,” and will also be the start of a new era of growth and change for the Atlanta-based foodservice company.  </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.nrn.com/quick-service/auntie-anne-s-and-cinnabon-parent-company-focus-brands-rebrands-goto-foods?NL=NRN-01a&amp;Issue=NRN-01a_20240220_NRN-01a_340&amp;sfvc4enews=42&amp;cl=article_1_b&amp;utm_rid=CPG06000019360528&amp;_mc=em_NRN_News_NRN%20News%20Alert_News_NL_02202024_52193&amp;utm_campaign=58858&amp;utm_medium=email&amp;elq2=b0dfb6fc3cc64b629bad0327ed4c8fbc&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_1993b8ed2942492d96e935fbc083af22-mv2.png" alt="A mcdonald 's sign against a blue sky with clouds"/> </div> <div data-rss-type="text"> <p> <span> Fast-Food Franchising Stands Up to Economic Headwinds </span> </p> <p> <br/> </p> <p> <span> It’s been a common theme in recent years for franchising to prove resilient during whatever rocky backdrop was in order. Last year, the International Franchise Association’s annual Economic Outlook report revealed job and unit growth outpacing 2019 levels. And of the myriad franchising fields, quick-service restaurants, along with “service-based industries,” projected as the highest-growth vehicles going forward. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/fast-food-franchising-stands-up-to-economic-headwinds/?spMailingID=108456&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=108456" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_4e5e5b21c3354467ae203c09fc9150f0-mv2.png" alt="A mcdonald 's sign next to a cosmos sign"/> </div> <div data-rss-type="text"> <p> <span> McDonald's vs CosMc's: 5 Major Differences </span> </p> <p> <br/> </p> <p> <span> If you've been at all tuned in to the world of fast food in the past six months, you've probably heard lots of talk about a chain called CosMc's. This brand-new spinoff concept was created by one of the world's preeminent fast-food chains: McDonald's. So, as you can probably imagine, the buzz around CosMc's has been pretty wild. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.eatthis.com/mcdonalds-vs-cosmcs/?utm_source=Iterable&amp;utm_medium=email&amp;utm_campaign=campaign_9055265&amp;utm_source=nsltr&amp;utm_medium=email&amp;utm_campaign=etntNewsletter" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_801792eab1ec499394a2e6b79318f2b7-mv2.png" alt="A billboard for popeye 's wings go is above a building"/> </div> <div data-rss-type="text"> <p> <span> Popeyes Sets Sights on 800 New Locations, and a Lot More Wings </span> </p> <p> <br/> </p> <p> <span> Restaurant Brands International last Thursday became the latest group to outline a massive growth agenda. In this case, the Burger King, Popeyes, Firehouse Subs, and Tim Hortons owner shared it would reach 40,000 restaurants, $60 billion in systemwide sales, and $3.2 billion in adjusted operating income by 2028. That suggests average annual same-store sales growth of 3 percent-plus, over 5 percent net unit growth, and systemwide sales expansion north of 8 percent. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/popeyes-sets-sights-on-800-new-locations-and-a-lot-more-wings/?spMailingID=108456&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=108456" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_95668198495d426da3d127493415a128-mv2.png" alt="A grocery outlet store is now open in the rain."/> </div> <div data-rss-type="text"> <p> <span> Grocery Outlet Holding to buy United Grocery Outlet </span> </p> <p> <br/> </p> <p> <span> Grocery Outlet Holding Corp. is acquiring United Grocery Outlet, a discount grocer operating in the Southeastern United States, the company reported on Friday. United Grocery Outlet’s 40 stores and distribution center will enable the grocer to expand into Tennessee, North Carolina, Georgia, Alabama, Kentucky, and Virginia. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.supermarketnews.com/news/grocery-outlet-holding-buy-united-grocery-outlet?NL=SN-02&amp;Issue=SN-02_20240220_SN-02_317&amp;sfvc4enews=42&amp;cl=article_3&amp;utm_rid=CPG06000019360528&amp;_mc=em_SN_News_Supermarket%20News%20Daily_News_NL_02202024_52186&amp;utm_campaign=58846&amp;utm_medium=email&amp;elq2=6ce381160fbc4284a73139a6ed6091db&amp;sp_eh=8f8b1705039b4cde60cf1e9b99c1a28c4c91425312c4fd4728568b855a73eedb" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_85030ca3c3a84910be7ccf2760cf8623-mv2.png" alt="A man in a wheelchair is standing in front of a counter in a restaurant."/> </div> <div data-rss-type="text"> <p> <span> Starbucks Creates New Store Design to Aid Guests and Workers with Disabilities </span> </p> <p> <br/> </p> <p> <span> Starbucks on Friday announced new store design standards that provide better access to employees and customers with disabilities. Called the Inclusive Spaces Framework, the guidelines will become the norm for all new and renovated U.S. stores. “At Starbucks, we have challenged ourselves to imagine what’s possible when we take a closer look at the many ways our partners and customers interact with us and experience our stores every day,” Katie Young, senior vice president of store operations, said in a statement. “Building and scaling an Inclusive Store Framework is central to our mission of connection and will lead to greater access for all.”  </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/starbucks-creates-new-store-design-to-aid-guests-and-workers-with-disabilities/?spMailingID=108372&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=108372" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_d0ff7c3279174c369f58aea9be7fdaf5-mv2.png" alt="A shoe carnival store with cars parked in front of it"/> </div> <div data-rss-type="text"> <p> <span> Shoe Carnival acquires Midwestern shoe retailer </span> </p> <p> <br/> </p> <p> <span> Shoe Carnival has acquired a Midwest footwear chain, expanding its store presence. The footwear retailer has acquired Rogan Shoes, a work and family footwear company with 28 locations in Wisconsin, Minnesota and Illinois. The purchase price was put at $45 million, subject to further adjustments, with the transaction funded entirely with cash on hand.  </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/shoe-carnival-acquires-midwestern-shoe-retailer?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_Weekend&amp;mkt_tok=ODI1LUxTUC01NDUAAAGRVgXtrTpvBZumc_punGhERjzT34N1iCcYPFI5sCAIi-TM7vjKIY6vRxd3XTLrwhj9_pFHMlU9R_U8Y52z2gFx7M77Is1OqzbORFXA_e10k0wI" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_89d3ff325d7747f5959efa236034170e-mv2.png" alt="An aerial view of a bank building with a lot of windows."/> </div> <div data-rss-type="text"> <p> <span> PNC Bank To Invest $1 Billion To Expand, Revamp US Retail Network </span> </p> <p> <span>   </span> </p> <p> <span> PNC Bank plans to open more than 100 retail banking centers, primarily in the nation's Sun Belt, as well as renovate more than 1,200 existing locations in its national real estate portfolio through 2028.The proposed expansion by the Pittsburgh-based bank, expected to cost about $1 billion, comes as other banks have exited some of its less desirable retail branches throughout the United States. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://product.costar.com/home/news/shared/396994038?utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=personalized&amp;utm_content=p2&amp;t=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJjb250YWN0SWQiOiIzNjE5MTM0IiwiY3VsdHVyZUNvZGUiOiJlbi1VUyIsImlhdCI6MTcwODQ3OTI5MX0.qm0dp41vI0o2Nmw6XLBFzIEK7uEEbeuFlGUvBGuWXbs" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> Fri, 23 Feb 2024 21:53:42 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-february-23-2024 thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-february-16-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_bea845980e364d78ad09ac59565ef214-mv2.png" alt="A group of people are walking down a tiled floor."/> </div> <div data-rss-type="text"> <p> <span> NRF: January retail sales are ‘great’ start to new year </span> </p> <p> <br/> </p> <p> <span> Consumers kept shopping in January. Retail sales in January nearly matched December’s busy holiday spending and rose significantly year-over-year, according to the CNBC/NRF Retail Monitor, powered by Affinity Solutions, released by the NRF.  </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/nrf-january-retail-sales-are-great-start-new-year" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_a458903e3c2a4873a031ffd9c9a56a35-mv2.png" alt="A chipotle restaurant is located in a residential area."/> </div> <div data-rss-type="text"> <p> <span> Chipotle Speeds Toward Even Greater Heights </span> </p> <p> <br/> </p> <p> <span> You could say Chipotle had an enviable problem. The brand’s digital growth out of COVID soared rewards membership over 35 million and loaded up the backline to the point where stores became unbalanced in staffing. In the summer of 2022 or so, Chipotle launched what it dubbed “Project Square One.” As it sounds, the notion was to return to basics on the in-store experience that helped Chipotle define a category over three decades ago. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/chipotle-speeds-toward-even-greater-heights/?spMailingID=108196&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=108196" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_bde50718b1eb40f2a45ba0a54f0549b8-mv2.png" alt="The outside of an arby 's restaurant with picnic tables and umbrellas."/> </div> <div data-rss-type="text"> <p> <span> Report: Inspire Brands Could Go Public in $20 Billion Valuation </span> </p> <p> <span> <br/> </span> </p> <p> <span> According to a Wednesday report from Bloomberg, Inspire Brands-backer Roark Capital has held preliminary discussions with potential advisers to take the multi-concept giant public. An initial public offering would arrive in late 2024 or 2025, depending on market conditions, sources told the publication, with Inspire commanding a value of roughly $20 billion.  </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/report-inspire-brands-could-go-public-in-20-billion-valuation/?spMailingID=108164&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=108164" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_ddbd8f22b7ed4b3bb440b8078a6faa62-mv2.png" alt="An aerial view of a city with lots of buildings and streets."/> </div> <div data-rss-type="text"> <p> <span> 15-story hotel planned next to new L.A. Clippers arena in Inglewood </span> </p> <p> <br/> </p> <p> <span> Just south of Intuit Dome, where the L.A. Clippers are scheduled to begin playing games next season, Los Angeles-based Arya Group, Inc. is planning a mid-rise hotel development which would rank among the tallest buildings in Inglewood. The proposed project, slated for a site at 3820 W. 102nd Street, calls for razing a low-rise commercial building to make way for a new 15-story, approximately 310,000-square-foot building featuring a 174-room hotel, 3,255 square feet of offices, 6,537 square feet of hotel restaurant space, 1,310 square feet of lounge space, a 4,000-square-foot private club, and 4,000 square feet of spa and amenity space.  </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://la.urbanize.city/post/15-story-hotel-planned-next-new-la-clippers-arena-inglewood" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_42a34600b13645589aaa8a38eb9a4488-mv2.png" alt="An artist 's impression of a burger king restaurant at night."/> </div> <div data-rss-type="text"> <p> <span> Thanks to $400M Plan, Burger King Sees Guests Returning to Restaurants </span> </p> <p> <br/> </p> <p> <span> The chain reported low-single-digit traffic growth in Q4, which was the first positive increase since Q2 2021. Also, U.S. same-store sales rose 6.4 percent, lapping 5 percent growth in the year-ago period. For the year, comps lifted 7.5 percent, rolling over 2.2 percent in 2022. Burger King franchisees are making more money as well. Average profitability per restaurant increased nearly 50 percent in 2023, moving from $140,000 to more than $205,000. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/thanks-to-400m-plan-burger-king-sees-guests-returning-to-restaurants/?spMailingID=108121&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=108121" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_f6837dca10b94cceb35e47719a9c53d7-mv2.png" alt="The front of a kroger store with a blue sky in the background"/> </div> <div data-rss-type="text"> <p> <span> Kroger promises to lower prices, invest in stores following merger </span> </p> <p> <br/> </p> <p> <span> The Kroger Co. has detailed its commitment to customers as it faces regulatory scrutiny over its proposed acquisition of rival Albertsons Cos. The supermarket giant said, consistent with its previous approach to mergers, it will lower prices following its merger with Albertsons. It plans to invest $500 million to lower prices following the close of the deal — starting day one.  It also will also invest $1.3 billion to improve Albertsons' stores.  </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/kroger-promises-lower-prices-invest-stores-following-merger?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGRRkSwZyBz_3m1-meqdBjVUVJknRDuEQHv_RoNnvDuKFPrLei3yOQP8004tzXcyQTUJYtNpNxXdoHsK4ZyMDjzOBYplac9r00mb2jT1FV08N8G" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_0f6091281982442a9bb40c8a660d1c84-mv2.png" alt="Two security guards are standing next to each other on a sidewalk in front of a ups truck."/> </div> <div data-rss-type="text"> <p> <span> Legion averages 100 “engagements” a day during first month of downtown deployment </span> </p> <p> <br/> </p> <p> <span> The newly hired private security company patrolling Downtown Santa Monica reported more than 3,000 interactions during its first month on patrol and while local businesses say the systemic problems persist, some say they’ve seen signs of improvement recently. During the first meeting of the Downtown Santa Monica Inc., (DTSM) Board of Directors for 2024, security company Legion Corporation, presented a report on its first month of operations. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://smdp.com/2024/02/13/legion-averages-100-engagements-per-day-during-first-month/?utm_medium=email&amp;utm_source=ActiveCampaign&amp;utm_campaign=Newspack%20Newsletter%20(106026)" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_509a03c8d99047888e0502f4836d9b22-mv2.png" alt="A brick building with a red and white sign that says snipple on it."/> </div> <div data-rss-type="text"> <p> <span> Shipley Do-Nuts’ Texas Roots Blossom into National Success </span> </p> <p> <br/> </p> <p> <span> He worked as the chief executive of Korean fast-casual Bonchon for four and a half years and in marketing roles at Wingstop for the same amount of time. One of his biggest memories—or nightmares, if you think about it—was the cyclical nature of the chicken market, where operators live and die by what the price is on any given day, week, or month. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/shipley-do-nuts-texas-roots-blossom-into-national-success/?spMailingID=107998&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=107998" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_81ac2501ce814975a322a783a5e15307-mv2.png" alt="A shell gas station with a car parked in front of it."/> </div> <div data-rss-type="text"> <p> <span> Shell to acquire 45 convenience stores in New Mexico </span> </p> <p> <br/> </p> <p> <span> Shell is expanding its U.S. retail footprint. The company has signed an agreement  to acquire Brewer Oil Company’s (BOC) retail division, which includes 45 fuel and convenience store sites in New Mexico. The acquisition also includes traditional fueling stations and cardlocks for fleet vehicles. </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/news-briefs/2024-02-12?article=shell-acquire-45-convenience-stores-new-mexico" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_e49e4e7ffd544cce8e2c41e682e295fc-mv2.png" alt="A man in a suit and white shirt is smiling for the camera."/> </div> <div data-rss-type="text"> <p> <span> World’s Largest Franchisee Flynn Group Explores Sale </span> </p> <p> <span> <br/> </span> </p> <p> <span> Sources told Reuters that the majority interest could be valued at more than $5 billion, including debt. The company is working with Bank of America on the sales process. Flynn Group, founded in 1999 by industry veteran Greg Flynn, is the largest operator of Applebee’s, Arby’s, and Pizza Hut, and also owns hundreds of stores for Taco Bell, Panera, and Wendy’s. Altogether, the company oversees more than 2,600 units and earns more than $4.5 billion in annual sales.  </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/growth/worlds-largest-franchisee-flynn-group-explores-sale/?spMailingID=107872&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=107872" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_5f41e8a98a9645e2bd53588bdaf8eeaa-mv2.png" alt="A dutch bros store with a truck parked in front of it."/> </div> <div data-rss-type="text"> <p> <span> Positioned for Success: Retail, dining segments to watch in 2024 </span> </p> <p> <br/> </p> <p> <span> <span> Amid price hikes, rising interest rates and mounting consumer debt,  the retail industry did pretty well in 2023 — certainly a lot better than some experts had predicted — as consumers continued to shop. As to what to expect this year, foot traffic analytics firm </span> </span> <a href="http://placer.ai/" target="_blank"> Placer.ai </a> <span> <span> has dived into its rich treasure chest of data to find which segments are best positioned for success in 2024.  </span> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/growth/worlds-largest-franchisee-flynn-group-explores-sale/?spMailingID=107872&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=107872" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> Fri, 16 Feb 2024 22:44:01 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-february-16-2024 thumbnail main image https://www.marcperlof.com/unlock-retail-riches-tractor-supply-s-billion-dollar-blueprint-revealed <div data-rss-type="text"> <p> <span> Hey Retail Real Estate Rockstars! Get ready to dive into the latest scoop from Tractor Supply's 2023 end-of-year earnings call that happened on February 1, 2024. You're going to find some interesting and practical information here if you own and shop the premises. Let's discuss Tractor Supply's recent activities and what they mean for you now. </span> </p> <p> <span>   </span> </p> <p> <span> Tractor Supply's Big Year </span> </p> <p> <span>   </span> </p> <p> <span> In the retail sector, Tractor Supply has been dominating, demonstrating their ability to weather any storm the economy may bring. Here's a summary of their accomplishments and why it matters to you: </span> </p> <p> <span>   </span> </p> <ul> <li> <span> Big Bucks Rolling In: They made a whopping $14.6 billion in sales last year. Their earnings per share (EPS) were $10.09, proving they're on a winning streak. Even their fourth-quarter EPS beat what everyone was expecting, coming in at $2.28. ¹ </span> </li> <li> <span> <br/> </span> </li> <li> <span> More Stores, More Fun: In 2023, they opened up 70 new stores and added 13 Petsense stores to their family. They're aiming high with hopes to hit 3,000 stores across the country. </span> </li> <li> <span>   </span> </li> <li> <span> Smart Moves with Old Stores: They turned 81 Orscheln stores into Tractor Supply stores, which not only expanded their reach but also brought in more customers. It's a clever trick that pumped up their store count and customer base by 1%. ¹ </span> </li> <li> <span>   </span> </li> <li> <span> Looking Ahead: Tractor Supply isn't just sitting pretty. They're planning big things with their "Life Out Here" strategy, like adding more garden centers and introducing new kinds of stores that sell live goods. This is all about making shopping a fun experience that gets people coming back. ¹ </span> </li> </ul> <p> <span>   </span> </p> <p> <span> Why You Should Care </span> </p> <p> <span>   </span> </p> <p> <span> Tractor Supply's strategies offer some great lessons for anyone in retail real estate: </span> </p> <p> <span>   </span> </p> <ul> <li> <span> Revamping Spaces: The way the Orscheln stores were redesigned demonstrates the great potential for transforming older, less bustling retail spaces into destinations worth visiting. Contemplating how you can accomplish something similar with your possessions is a wise move. </span> </li> <li> <span> <br/> </span> </li> <li> <span> Experiences Matter: When shopping feels like an experience rather than merely a place to buy things, people like it. Take inspiration from Tractor Supply's garden centers and other areas where people love to spend time while designing your own retail spaces. </span> </li> </ul> <p> <span>   </span> </p> <p> <span> Staying Strong When Times Get Tough: Tractor Supply continued to make money in spite of unfavorable weather and fluctuations in the economy. This demonstrates the importance of collaborating with retail partners that are able to expand and adjust in any situation. </span> </p> <p> <span>   </span> </p> <p> <span> Knowing what drives a behemoth like Tractor Supply can enable you to make more informed decisions regarding your retail space. You can learn a lot from their success on how to make the most of your premises, choose the proper tenants, or add unique features to draw in more customers. </span> </p> <p> <span> <br/> </span> </p> <p> <span> Call, Text, or DM me for more information on how you can leverage these insights for your retail real estate ventures. </span> </p> <p> <span>   </span> </p> <p> <span> As we reflect on Tractor Supply's strategic moves and their implications for the retail real estate sector, one question stands out: How can retail real estate owners further innovate to attract and retain tenants like Tractor Supply that drive consistent traffic and growth, even in uncertain times? </span> </p> <p> <span>   </span> </p> <p> <span>   </span> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealEstate" target="_blank"> #RetailRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/CommercialRealEstate" target="_blank"> #CommercialRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/InvestmentStrategies" target="_blank"> #InvestmentStrategies </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/RetailTrends" target="_blank"> #RetailTrends </a> <span> <br/> </span> </p> </div> Mon, 12 Feb 2024 22:46:18 GMT https://www.marcperlof.com/unlock-retail-riches-tractor-supply-s-billion-dollar-blueprint-revealed thumbnail main image https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-february-10-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_ebc04eab19d848608b2fe7160bfe7804-mv2.webp" alt="A cartoon drawing of a street with a sign that says parking and dining"/> </div> <div data-rss-type="text"> <p> <span> L.A. Al Fresco application portals are now open! </span> </p> <p> <span>   </span> </p> <p> <span> <span> L.A. Al Fresco launched in May 2020 as a temporary program to promote the economic vitality of our City’s restaurants during the COVID-19 emergency. The program created a new, streamlined process for restaurants to obtain approvals for outdoor dining on private property, sidewalks, and in the streets adjacent to their establishments. It also temporarily relaxed regulations that would otherwise govern outdoor dining, including zoning regulations, fees, and permitting </span> </span> <a href="http://procedures.read/" target="_blank"> procedures. </a> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://buildla.lacity.org/alfresco" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_0c17ec779e284b11b11b8017a78a193a-mv2.webp" alt="Two bowls of salad are sitting on a wooden table."/> </div> <div data-rss-type="text"> <p> <span> How Salad and Go Solves Disconnect Between Health and Affordability </span> </p> <p> <span>   </span> </p> <p> <span> Salad and Go’s mission is to eliminate the conflict among accessibility, affordability, and wellness, according to CEO Charlie Morrison. Several brands are working on the same issue, but not many have matched what Salad and Go has accomplished.  </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/how-salad-and-go-solves-disconnect-between-health-and-affordability/?spMailingID=107606&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=107606" target="_blank"> Read Full Article... <span>  </span> </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_cfda4f024dc348358531340a93d7b97c-mv2.webp" alt="A person is walking in front of a large building at night."/> </div> <div data-rss-type="text"> <p> <span> JPMorgan to Open 500 New Chase Bank Branches, Renovate 1,700 Over Next Three Years </span> </p> <p> <span>   </span> </p> <p> <span> New York City — JPMorgan Chase &amp; Co. (NYSE: JPM) announced plans today to expand its brick-and-mortar footprint by adding 500 Chase bank branches over the next three years. The New York City-based institution also plans to renovate 1,700 existing bank locations across the United States. </span> </p> <p> <br/> </p> </div> <div data-rss-type="text"> <p> <a href="https://shoppingcenterbusiness.com/jpmorgan-to-open-500-new-chase-bank-branches-renovate-1700-over-next-three-years/?oly_enc_id=9807D0478378D2S" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_36f9a044d2b64f8eb8d3422e00bdf901-mv2.webp" alt="A kfc restaurant is located under a bridge."/> </div> <div data-rss-type="text"> <p> <span> Yum! is Building Restaurants at an Unprecedented Pace </span> </p> <p> <br/> </p> <p> <span> Right before Yum! Brands finished its Q4 earnings call with investors, CEO David Gibbs tossed out a fact that put the brand’s unit growth into perspective.Nearly 25 percent of all current Yum! locations have been built in the past three years. Given the company ended 2023 with 58,708 locations worldwide—extending its claim as the largest restaurant group in the world—roughly 15,000 of them are 3 years old or younger.  </span> </p> <p> <br/> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/story/yum-is-building-restaurants-at-an-unprecedented-pace/" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_f0430d13975b41d5800475d6ed2e4f9d-mv2.webp" alt="A large white building with a green wall on the side of it."/> </div> <div data-rss-type="text"> <p> <span> First Look: Pop Mart expanding in LA — here's where </span> </p> <p> <span> <br/> </span> </p> <p> <span> Asian toy and entertainment brand Pop Mart is kicking off 2024 by expanding its presence in Los Angeles.The brand will open two stores in the nation’s second largest city: one at Westfield Century City and the other at Glendale Galleria. The Century City store will open on Feb. 10, will the Glendale store’s grand opening is still to be determined.  </span> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/first-look-pop-mart-expanding-la-heres-where" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_e648e87f5db942078a4da2516515f80f-mv2.webp" alt="Two women are standing next to each other in a kitchen."/> </div> <div data-rss-type="text"> <p> <span> The 40/40 List for 2024: America’s Hottest Startup Fast Casuals </span> </p> <p> <br/> </p> <p> <span> From the integration of cutting-edge technology and sustainable practices to menu innovations that cater to evolving tastes and dietary preferences, the fast-casual segment continues to not only survive, but thrive in a fiercely competitive market. </span> </p> <p> <br/> </p> </div> <div data-rss-type="text"> <p> <a href="https://www.qsrmagazine.com/slideshow/the-40-40-list-for-2024-americas-hottest-startup-fast-casuals/?spMailingID=107422&amp;puid=2594436&amp;E=2594436&amp;utm_source=newsletter&amp;utm_medium=email&amp;utm_campaign=107422" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_f38f2d010107433e8dea932571da5524-mv2.webp" alt="A grocery store filled with lots of fruits and vegetables."/> </div> <div data-rss-type="text"> <p> <span> Sprouts Farmers Market sets opening date, locations for seven new stores </span> </p> <p> <br/> </p> <p> <span> Sprouts Farmers Market continues to expand its store footprint. The fresh, natural and organic foods grocer set the opening date for seven new stores that will open by March 15 (locations listed at end of article). In September, Sprouts celebrated the opening of its 400th store, in Haddon Township, N.J.  </span> </p> <p> <br/> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/sprouts-farmers-market-sets-opening-date-locations-seven-new-stores?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_Weekend&amp;mkt_tok=ODI1LUxTUC01NDUAAAGRDezSTF5AA5O1JrSUPL3MTFQkTiICk32zqjp1RcQ1EIGI8-n7zEUUcSgDetvvJn6HDqzij5oKD39_GWKoW5qf177DOv_mZKIeyOQQZZERD1xi" target="_blank"> Read Full Article... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_4c06e9610f1a4e2e8bc4193846e1bdd8-mv2.webp" alt="The front of a tractor supply co. store with a red roof."/> </div> <div data-rss-type="text"> <p> <span> Tractor Supply ramping up expansion; to open 80 stores in 2024 </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> <span> The nation’s largest rural lifestyle retailer’s capital plans for 2024 include opening 80 Tractor Supply stores (up from 70 in 2023) and 10 to 15 new Petsense by Tractor Supply stores as well as continuing its “Project Fusion” remodels and garden center revamps.  </span> </span> </p> <p> <br/> </p> </div> <div data-rss-type="text"> <p> <a href="https://chainstoreage.com/tractor-supply-ramping-expansion-open-80-stores-2024?utm_source=swiftmail&amp;utm_medium=email&amp;utm_campaign=CSA_NL_DayBreaker&amp;mkt_tok=ODI1LUxTUC01NDUAAAGRCHW2ftNtNE4ik-_27t2C5tUQYPsTFGmv00HbzILuqF_WT4cuDmHup1Fw-HwWzVvdx68PCheraUcx0R3DS36UtS-BBOdapxksnlHdDssSvG_2" target="_blank"> Read Full Article... </a> </p> </div> Fri, 09 Feb 2024 18:31:51 GMT https://www.marcperlof.com/weekly-perl-a-commercial-real-estate-news-recap-february-10-2024 thumbnail main image https://www.marcperlof.com/how-does-the-u-s-presidency-affect-the-value-of-retail-real-estate <div data-rss-type="text"> <p> <span> Hey, Retail Real Estate Rockstars! Let's make sense of retail real estate and how big events like the U.S. Presidential Election and Federal Reserve policies affect it. I'm here to make it all clear and help you make smart decisions with your properties. </span> </p> <p> <span>   </span> </p> <p> <span> Understanding the Fed's Independence: The Federal Reserve, led by Jerome Powell, makes its own decisions, separate from the President's influence. They set the Target Interest Rate, which really affects how much it costs to borrow money, based on the economy, not politics[1]. </span> </p> <p> <span>   </span> </p> <p> <span> The Jerome Powell Factor: Powell, the head of the Fed, focuses on keeping the economy steady. His speeches and what the Federal Reserve says are really useful to understand what's going on in the economy[2]. </span> </p> <p> <span>   </span> </p> <p> <span> Presidential Power... Or Lack Thereof: The President can choose who's in the Federal Reserve, but once they're there, they make their own decisions. This is important for keeping the economy stable, and you can read more about it in "Economics" by Krugman and Wells[3]. </span> </p> <p> <span>   </span> </p> <p> <span> What Does This Mean for Retail Real Estate?: Changes in interest rates by the Fed can change how much it costs you to get a loan for buying or refinancing properties. This will impact the value of your retail real estate. Keep an eye on reports from the National Association of Realtors to stay informed[4]. </span> </p> <p> <span>   </span> </p> <p> <span> Election Impact on the Economy: Elections can change long-term plans, but they don't directly control the Fed's decisions. For more on this, check out sources like The Wall Street Journal and Bloomberg[5]. </span> </p> <p> <span>   </span> </p> <ul> <li> <span> The Fed's Target Interest Rate: This rate is key for your loan costs. The current target rate of 5.25% and 5.50% shows the Fed is trying to balance economic growth and control inflation[6]. </span> </li> <li> <span> <br/> </span> </li> <li> <span> Presidential Elections: These can affect how people feel about the market, but not the Fed's decisions on money matters[5]. </span> </li> </ul> <p> <span>   </span> </p> <p> <span> Want to stay on top of these economic waves and keep your investments on track? Whether you're buying, selling, or planning your next move, I'm here to help. Call, Text, or DM me for more info – let's put these insights into action! </span> </p> <p> <span>   </span> </p> <p> <span> How will you change your retail real estate strategy based on the economic directions set by the Federal Reserve, no matter who wins the presidential election? </span> </p> <p> <span>   </span> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealEstate" target="_blank"> #RetailRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/InvestmentInsights" target="_blank"> #InvestmentInsights </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/EconomicTrends" target="_blank"> #EconomicTrends </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/FederalReserveFacts" target="_blank"> #FederalReserveFacts </a> </p> <p> <span>   </span> </p> <p> <span> Footnotes: </span> </p> <p> <span> [1] Federal Reserve's Independence - [Federal Reserve Website]( </span> <a href="https://www.federalreserve.gov/newsevents/testimony/kohn20090709a.htm" target="_blank"> https://www.federalreserve.gov </a> <span> ) </span> </p> <p> <span> [2] Jerome Powell's Role - [Federal Reserve Congressional Testimonies]( </span> <a href="https://www.federalreserve.gov/newsevents/speech/powell20230110a.htm" target="_blank"> https://www.federalreserve.gov/newsevents/testimony.htm </a> <span> ) </span> </p> <p> <span> [3] Presidential Influence on Fed - "Economics" by Paul Krugman &amp; Robin Wells </span> </p> <p> <span> [4] Fed's Impact on Real Estate - [National Association of Realtors Reports]( </span> <a href="https://www.nar.realtor/" target="_blank"> https://www.nar.realtor </a> <span> )  </span> </p> <p> <span> [5] Election Impact on Economy - [The Wall Street Journal]( </span> <a href="https://www.wsj.com/" target="_blank"> https://www.wsj.com </a> <span> ), [Bloomberg]( </span> <a href="https://www.bloomberg.com/" target="_blank"> https://www.bloomberg.com </a> <span> ) </span> </p> <p> <span> [6] Fed’s Powell see lower rates on the horizon… ( </span> <a href="https://www.reuters.com/markets/us/feds-faith-immaculate-disinflation-narrative-put-test-2024-01-31/" target="_blank"> https://www.reuters.com/markets/us/feds-faith-immaculate-disinflation-narrative-put-test-2024-01-31/ </a> <span> ) </span> </p> <p> <span>   </span> </p> <p> <span> <br/> </span> </p> </div> Mon, 05 Feb 2024 18:34:08 GMT https://www.marcperlof.com/how-does-the-u-s-presidency-affect-the-value-of-retail-real-estate thumbnail main image https://www.marcperlof.com/weekly-retail-real-estate-news-february-2-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_71589bc8a0e04d958dcb61946cd30547-mv2.webp" alt="A computer generated image of a building with cars driving underneath it."/> </div> <div data-rss-type="text"> <p> <span> Inglewood transit connector project delayed until 2030 </span> </p> <p> <span>   </span> </p> <p> <span> Another automated people mover project in Los Angeles has run into its fair share of roadblocks. The $2 billion Inglewood Transit Connector Project, which would connect the Metro K Line to Inglewood and provide easier access to venues like SoFi Stadium, Kia Forum and Intuit Dome, has also ran into several delays in its preliminary stages. </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=d17ed34433&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=98b9420791&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_a3c4e150eeb64513934e126f5605eded-mv2.webp" alt="A man in a suit and tie is giving a speech in front of an american flag."/> </div> <div data-rss-type="text"> <p> <span> The Fed Declares Interest Rates Have Reached Their Peak </span> </p> <p> <span>   </span> </p> <p> <span> Federal Reserve Chairman Jerome Powell declared the end of the current monetary tightening cycle on Wednesday as policymakers decided to hold interest rates steady. "The policy rate is at its peak in this tightening cycle," Powell told reporters after the Fed's policy-making committee's first meeting of the year.  </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=558e31974e&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=1dcb01acf4&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_2946092e6f3540cc9d2ce09a57c591ef-mv2.webp" alt="A woman is standing in the middle of a clothing store."/> </div> <div data-rss-type="text"> <p> <span> Walmart to add more than 150 larger-format stores during next five years </span> </p> <p> <span> <br/> </span> </p> <p> <span> Walmart is moving back into brick-and-mortar expansion.The retail giant said it plans to build or convert more than 150 larger-format stores during the next five years while also continuing its program to remodel existing locations. During the next 12 months, Walmart expects to remodel 650 stores across 47 states and Puerto Rico.  </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=1238f80388&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=15b55030e6&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7822ac9a965f4fb2b9b041a70b09bae3-mv2.webp" alt="A man in a suit and tie is standing at a podium giving a speech."/> </div> <div data-rss-type="text"> <p> <span> USPS installs EV charging stations, plans 66,000 EVs by 2028 </span> </p> <p> <span>   </span> </p> <p> <span> The U.S. Postal Service (USPS) is moving forward with plans to deploy one of the nation's largest electric vehicle (EV) fleets. As part of a 106,000-vehicle acquisition plan for deliveries it launched in 2022 (which is included in a larger $40 billion investment strategy to upgrade and improve processing, transportation, and delivery networks), USPS has implemented  its first set of EV charging stations at its South Atlanta sorting and delivery center (S&amp;DC). </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=2705191283&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=64154caf8a&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_63e812935162479db2f86db5ad44bdd3-mv2.webp" alt="A variety of smoothies and desserts are sitting on a colorful table."/> </div> <div data-rss-type="text"> <p> <span> South Block and Savory Fund Ink Deal to Bring Açai to the Masses </span> </p> <p> <span> <br/> </span> </p> <p> <span> He first learned about the company when a friend and mentor shared an article with him. The private equity firm built its reputation on investing in emerging quick-service chains, even through COVID. As the founder and leader of South Block, a rising fast casual in the DMV area known for its selection of made-to-order smoothies, açai bowls, toasts, and cold-pressed juices, Mostafavi seemed to fit what Savory typically looks for. </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=a811927cfa&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=d626f41b92&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_c286b5d18ff04dff81178c4d3f5fe7cd-mv2.webp" alt="A woman is eating a bowl of food with a spoon."/> </div> <div data-rss-type="text"> <p> <span> QDOBA Will No Longer be an ‘Afterthought’ on the National Stage </span> </p> <p> <span> <br/> </span> </p> <p> <span> At 750 restaurants in 45 states, Canada, and Puerto Rico, QDOBA is the No. 2 player in the Mexican fast-casual space. What’s more impressive, according to CEO John Cywinski, is that the brand reached this height while dealing with lackluster ownership.  </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=21b0d31d94&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=fe3d82bf1f&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_9b2698bf869a428b92bb5f31953b55b7-mv2.webp" alt="A collage of three pictures of a target store."/> </div> <div data-rss-type="text"> <p> <span> Target’s ‘winning retail format’ includes large — and small — store expansions </span> </p> <p> <span> <br/> </span> </p> <p> <span> Target Corp. is pulling back the curtain on its 2023 new store openings and remodels for a glimpse of what’s to come as the retailer set an ambitious pace moving into 2024.“From more stores to more deliveries, we’ve set an ambitious pace moving into 2024," the company said in a blog pos </span> <span> t </span> <span> , in which it offered up details about its “winning retail formula.” </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=d06ec3902b&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=2a69b390b7&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_5fddffdaef0a40abbeb8be60f60631e1-mv2.webp" alt="An aerial view of a jack in the box restaurant."/> </div> <div data-rss-type="text"> <p> <span> Jack in the Box Believes it’s a Challenger, but that’s Changing Soon </span> </p> <p> <span> <br/> </span> </p> <p> <span> With Jack in the Box being the fifth-biggest quick-service burger chain in the U.S. and Del Taco positioned as the second-largest Mexican brand in the space, CEO Darin Harris honestly can’t think of any other chains that have that type of scale and proof of concept, yet still maintain “such tremendous whitespace across the United States for growth.”  </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=f31ef577fe&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=f71a4881ac&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_5132342fd9d14bbc841cf64b9fc50353-mv2.webp" alt="A white truck is parked in front of the dartmouth mall."/> </div> <div data-rss-type="text"> <p> <span> Retailers are finding more of what they want off mall </span> </p> <p> <br/> </p> <p> <span> <span> After decades together, some retailers are redefining their relationships with malls. Stores like Macy's, Dillard's, Belk and J.C Penny have long been seen as pillars of stability for America's indoor shopping malls. But in recent years, those retailers have increasingly been looking and moving-off-malll. The pandemic accelerated </span> </span> </p> <p> <span> <span> the trend.  </span> </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=b80fbdf4f3&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=7c16609a98&amp;e=e51f618df5" target="_blank"> ... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_13a3420620724a398faf6fed9e778931-mv2.webp" alt="The front of an aldi store with a blue sky in the background."/> </div> <div data-rss-type="text"> <p> <span> Aldi acquisition of Southeastern Grocers moves forward with divestiture of Fresco y Más </span> </p> <p> <br/> </p> <p> <span> Southeastern Grocers Inc. has completed its divestiture of Fresco y Más to Fresco Retail Group, LLC, the company announced Thursday. Southeastern continues ownership and operation of Harveys Supermarket and Winn-Dixie grocery stores.  </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=61258f3f10&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=aae90c33fb&amp;e=e51f618df5" target="_blank"> ... </a> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_367c5e1adcfa455b9132c500a8a59abc-mv2.webp" alt="Two women are walking in front of a gas station."/> </div> <div data-rss-type="text"> <p> <span> Love’s Travel Stops details 2024 store opening, remodeling plans </span> </p> <p> <br/> </p> <p> <span> Love’s Travel Stops is celebrating its 60th anniversary by continuing to expand its footprint and service offerings. The travel stop and convenience-store retailer plans to add 20 to 25 new locations and update 35 to 40 aging stores and in 2024. It also will completely rebuild four stores in 2024.  </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=d86692654f&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=dac561aeda&amp;e=e51f618df5" target="_blank"> ... </a> </p> </div> Fri, 02 Feb 2024 18:46:29 GMT https://www.marcperlof.com/weekly-retail-real-estate-news-february-2-2024 thumbnail main image https://www.marcperlof.com/ai-scams-exposed-don-t-get-fooled-in-commercial-real-estate <div data-rss-type="text"> <p> <span> Hey, Commercial Real Estate Rockstars! </span> </p> <p> <span>   </span> </p> <p> <span> Being ahead of the curve is essential in the fast-paced business of commercial real estate, particularly when it comes to AI technology. Our sector is being revolutionized by AI, but this progress also brings new hazards, especially in the shape of sophisticated frauds. Now let's explore how to defend your assets against these AI real estate frauds. </span> </p> <p> <span>   </span> </p> <p> <span> AI in Commercial Real Estate: A New Frontier </span> </p> <p> <span>   </span> </p> <p> <span> AI is becoming more and more important in the commercial real estate industry, providing creative solutions for investment strategies, property management, and market analysis. But integrating AI also comes with hazards, including the possibility of fraud and data breaches in our industry. </span> </p> <p> <span>   </span> </p> <p> <span> Safeguarding Your Investments: Strategies Against AI Scams </span> </p> <p> <span>   </span> </p> <p> <span> 1. Critical Evaluation of AI-generated Data: AI may produce investment reports and real estate listings that are both persuasive and misleading. Always double-check AI-generated data with experts and reliable sources. ¹ </span> </p> <p> <span>   </span> </p> <p> <span> 2. Deepfake Technology Risks: Watch out for deepfake films that pretend to be experts in the field or exaggerate the state of the property, deceiving investors and harming reputations. ³ </span> </p> <p> <span>   </span> </p> <p> <span> 3. Data Security in AI Systems: Significant amounts of financial and personal data are involved in commercial real estate, making them susceptible to cyberattacks powered by AI. ² </span> </p> <p> <span>   </span> </p> <p> <span> 4. Due Diligence in Transactions: Verify the legitimacy of all participants and transaction data, particularly in high-stakes business transactions. 4 </span> </p> <p> <span>   </span> </p> <p> <span> Vital Data Points: The Emerging Threats </span> </p> <p> <span>   </span> </p> <ul> <li> <span> It is becoming more difficult to spot fraudulent activity in commercial real estate due to the sophistication of AI-generated fake property listings and investment reports. ¹ </span> </li> <li> <span> Scams employing deepfake technology have resulted in significant financial losses, as demonstrated by an event in 2019 utilizing AI speech technology exploited in wire fraud. ³ </span> </li> </ul> <p> <span>   </span> </p> <p> <span> Commercial Real Estate Owners, let's navigate this AI era wisely. Stay informed, verify thoroughly, and always consult with trusted experts. For more insights or assistance, feel free to Call, Text, or DM me. </span> </p> <p> <span>   </span> </p> <p> <span> How are you using AI to take your real estate goals to the next level? </span> </p> <p> <span>   </span> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/CommercialRealEstate" target="_blank"> #CommercialRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/AIinRealEstate" target="_blank"> #AIinRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/RealEstateTech" target="_blank"> #RealEstateTech </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/InvestmentSecurity" target="_blank"> #InvestmentSecurity </a> </p> <p> <span>   </span> </p> <p> <span>   </span> </p> <p> <span> References: </span> </p> <p> <span> <span> 1. </span> </span> <a href="https://www.addressscoop.com/blog/real-estate/the-alarming-reality-of-aipowered-real-estate-scams--the-alarming-reality/" target="_blank"> The Alarming Reality of AI-Powered Real Estate Scams </a> <span> - AddressScoop. </span> </p> <p> <span> <span> 2. </span> </span> <a href="https://www.nar.realtor/magazine/real-estate-news/technology/you-can-stop-ai-from-spreading-false-real-estate-info" target="_blank"> You Can Stop AI From Spreading False Real Estate Info </a> <span> - NAR Realtor. </span> </p> <p> <span> <span> 3. </span> </span> <a href="https://www.nar.realtor/magazine/real-estate-news/technology/prevent-deepfakes-from-hijacking-your-transactions" target="_blank"> Prevent Deepfakes From Hijacking Your Transactions </a> <span> - NAR Realtor. </span> </p> <p> <span> <span> 4. </span> </span> <a href="https://www.securitywatchful.com/2024/01/11/protecting-yourself-from-ai-real-estate-scams/" target="_blank"> Protecting Yourself from AI Real Estate Scams </a> <span> - Security Watchful. </span> </p> <p> <span> <br/> </span> </p> </div> Mon, 29 Jan 2024 18:49:38 GMT https://www.marcperlof.com/ai-scams-exposed-don-t-get-fooled-in-commercial-real-estate thumbnail main image https://www.marcperlof.com/weekly-retail-real-estate-news-january-26-2024 <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_f9e3e0adb0ce4e0ba52391f6956e697c-mv2.webp" alt="The interior of a burger king restaurant with tables and chairs."/> </div> <div data-rss-type="text"> <p> <span> Burger King, After $1B Deal, Emphasizes New Franchising Philosophy </span> </p> <p> <span>   </span> </p> <p> <span> <span> Over nearly 50 years, Carrols Restaurant Group became Burger King’s biggest franchisee at more than 1,000 locations nationwide. It operates about 15 percent of the chain’s U.S. footprint. Don’t expect that to happen again, at least not in the foreseeable future. On Tuesday, Burger King announced plans to acquire Carrols for $1 billion, with two key purposes in mind—use $500 million to accelerate the pace of 600 remodels, and refranchise stores over the next five </span> </span> <a href="http://years.read/" target="_blank"> years. </a> </p> <p> <span> <br/> </span> </p> <p> <a href="http://years.read/" target="_blank"> Read </a> <span> <span> </span> </span> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=7b666439e9&amp;e=e51f618df5" target="_blank"> Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=dfd0c575cf&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_7bf135774a254eb3a84854064a7bdbf1-mv2.webp" alt="The front of a large kroger grocery store"/> </div> <div data-rss-type="text"> <p> <span> Proposed Kroger, Albertsons merger delayed </span> </p> <p> <span>   </span> </p> <p> <span> The proposed merger between two U.S. supermarket giants is no longer expected to be completed in March.The Kroger Co.’s proposed $24.6 billion acquisition of rival Albertsons is now expected to close in the first half of Kroger’s fiscal year 2024 instead of early this year, according to a joint statement made by The Kroger Co., Albertsons Cos. Inc. and C&amp;S Wholesale Grocers LLC.  </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=8c2a26f66d&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=2aa3d305c5&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_0bd7ca310e4547f0a64c0c5adcb86ad0-mv2.webp" alt="A freddy 's ice cream shop with a red awning"/> </div> <div data-rss-type="text"> <p> <span> Freddy's aims for 800 restaurants by 2026 </span> </p> <p> <span>   </span> </p> <p> <span> <span> Freddy’s Frozen Custard &amp; Steakburgers is not pulling back from its rapid expansion. The fast-casual chain known for burgers and ice cream opened a company-record 62 new restaurants across the United States last year, including its 500th location.  </span> </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=3243e3e556&amp;e=e51f618df5" target="_blank"> <br/> </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=3243e3e556&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=9e250d36f6&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_59757a0ffc564ec38252cb16c617326c-mv2.webp" alt="A hand is holding a digital image of a brain."/> </div> <div data-rss-type="text"> <p> <span> Google: Retailers see promise for generative AI </span> </p> <p> <span> <br/> </span> </p> <p> <span> Most retail decision-makers think generative will have a big impact on their industry. That's one of the findings of a study commissioned by Google Cloud of 274 U.S. C-suite executives, information technology leads, and business development managers. The majority (81%) of respondents feel urgency to adopt generative AI technologies, with 72% ready to deploy generative AI in the coming year.  </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=0efcce0ec1&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=e52ab5d6c8&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_2c6dd1b9484b4723b68e6e287d7a529d-mv2.webp" alt="A 7 eleven sign is hanging from the side of a building."/> </div> <div data-rss-type="text"> <p> <span> 7-Eleven to acquire 204 Stripes stores in $1 billion deal </span> </p> <p> <span>   </span> </p> <p> <span> <span> 7-Eleven, Inc. is expanding its footprint. The convenience store giant has entered into an agreement to acquire 204 stores from Sunoco LP, which includes Stripes convenience stores and Laredo Taco Company restaurants. The deal is valued at approximately $1 billion.  </span> </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=b4009bb56a&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=9c7fe232d2&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_58d8c33e3a5d4edaa61eca8b92f08ac7-mv2.webp" alt="A sign that says santa monica civic auditorium on it"/> </div> <div data-rss-type="text"> <p> <span> Santa Monica Seeks Developer for Civic Revitalization </span> </p> <p> <span> <br/> </span> </p> <p> <span> The city of Santa Monica is searching for a person or entity up to the task of turning the Civic Auditorium back into a hotspot for entertainment, arts and culture. Once selected, the party would renovate, reopen, program and manage the property while leasing the site. According to a post from the city, ideal candidates have a track record of renovating historic sites, programming cultural art events, financial solvency for development and are open to community input.  </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=20430d6527&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=ede7902b96&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_4ce34ccc70304edd8182b8cbb4b4ccde-mv2.webp" alt="A map of the united states with the words feds rev up ev chargers with funding"/> </div> <div data-rss-type="text"> <p> <span> Feds Award $623 Million in Grants To Deploy Electric Vehicle Charging Stations </span> </p> <p> <span>   </span> </p> <p> <span> <span> About $623 million in federal grants were awarded to 22 states and Puerto Rico to install electric vehicle charging stations as part of the Biden administration’s push to shift the United States away from gas-powered vehicles.Cities, states and tribal groups nationwide were named recipients Thursday for funding to install chargers along heavily traveled highways and in underserved areas.  </span> </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=24e6a962a7&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=10cddcc317&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_32ceeb25246a491aa5eee0906c2460c3-mv2.webp" alt="The 1st quartile led by heb is made up of best-in-class supermarket chains and national non-traditional formats"/> </div> <div data-rss-type="text"> <p> <span> H-E-B, Amazon top Dunnhumby's latest preference index </span> </p> <p> <span> <br/> </span> </p> <p> <span> For the third time, a Texas regional grocery powerhouse has ranked as the top U.S. grocery retailer. H-E-B took the top spot in the seventh annual Dunnhumby Retailer Preference Index (RPI), a nationwide study of the approximately $1 trillion U.S. grocery market. The San Antonio-based chain, which operates 430 stores in Texas and Mexico, is the first grocery retailer to be recognized three times as number one in the RPI ranking.  </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=17489362ea&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=978771cb8a&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> Fri, 26 Jan 2024 20:08:25 GMT https://www.marcperlof.com/weekly-retail-real-estate-news-january-26-2024 thumbnail main image https://www.marcperlof.com/weekly-retail-real-estate-january-12-2024 <div data-rss-type="text"> <h5> <span> Growth Goals Aren’t Changing </span> </h5> <p> <span>   </span> </p> <p> <span> After a year of serving as Dutch Bros president, Christine Barone brought in the new year by adding CEO to her title. It’s the first of many changes heading the brand’s way in 2024 and beyond. The chain opened 159 stores last year and finished with 831 systemwide. This year, Dutch Bros may re-break its development record if it ends on the upper side of its 150-165 restaurant opening projection.  </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=c012ee2f19&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=52b7b15863&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> How to protect yourself from falling victim to AI real estate scams </span> </h5> <p> <span>   </span> </p> <p> <span> LITTLE ROCK, Ark. — Scammers have been getting more creative these days. Not only have they been doing the regular scams of credit card fraud, and identity theft but they've also been taking it a step further by using artificial intelligence tools to target people.  </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=bfe85657a9&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=4d60e584c6&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Publix expands into Kentucky </span> </h5> <p> <span>   </span> </p> <p> <span> Publix has entered its eight state of operation. The grocer has opened its first store in Kentucky, at the Terra Crossing Shopping Center in Louisville. The 55,701-sq.-ft. location includes a drive-thru Publix Pharmacy and an adjacent 3,200-sq.-ft. Publix Liquors offering beer, wine and spirits. It is the first Publix Liquors outside of Florida. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=1e40f0d7d7&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=01e12b1fab&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Slim Chickens’ Best Year Yet is Merely a Stage-Setter for 2024 </span> </h5> <p> <span> <br/> </span> </p> <p> <span> In the summer of 2019, Slim Chickens was an 84-unit brand with wide prospects. It had just secured funds from 10 Point Capital, the firm behind the growth of Tropical Smoothie Café (they exited in 2020) and, more recently, Walk-On’s and founder Brandon Landry’s offshoot second venture, Smalls Sliders. The mark: Open 600 new locations over the next decade.  </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=72a2f7ccb6&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=34e8d0a7bd&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Albertsons reports strong Q3 returns as Kroger merger looms  </span> </h5> <p> <span> <br/> </span> </p> <p> <span> With a decision due any day by the Federal Trade Commission on the $24.6 billion Kroger, Albertsons merger, Albertsons reported strong net sales and revenue figures in its Q3 report on Tuesday. Albertsons reported $18.6 billion in net sales and revenue for the 12-week period ended Dec. 2, 2023, up 2% from the $18.2 billion reported for the same quarter in 2022, the company said.  </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=e18c9a789e&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=7b05b1f0f2&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Sprouts Farmers Market sets opening date, locations for seven new stores </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Sprouts Farmers Market continues to expand its store footprint.The fresh, natural and organic foods grocer set the opening date for seven new stores that will open by March 15 (locations listed at end of article). In September, Sprouts celebrated the opening of its 400th store, in Haddon Township, N.J.  </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=004384ca52&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=d54d3d6025&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Slider Chains are Starting to Hit Big Restaurant Growth </span> </h5> <p> <span>   </span> </p> <p> <span> Miniature versions of burgers have settled along the lines of menu staples, appearing in many types of restaurants and many different forms. It’s not hard to see why: sliders are budget-friendly, portable, and embody the idea of vanishing caloric density—a fancy way of saying that you eat one and immediately want another.  </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=5b89202d35&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=2075863c4c&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Parent company of Wilson, Arc’teryx and other sports/outdoor brands files for IPO </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Amer Sports is looking to go public. In the first major retail  IPO of 2024, the Finland-founded parent company of Wilson, Arc’teryx and Salomon and other sports and outdoor apparel brands filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initital offering. Amer Sports has applied to list its shares on the New York Stock Exchange under the symbol "AS."  </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=0e1db54f9e&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=b014725b2a&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> Fri, 12 Jan 2024 20:59:48 GMT https://www.marcperlof.com/weekly-retail-real-estate-january-12-2024 thumbnail main image https://www.marcperlof.com/inflation-increases-again-thriving-amid-economic-twists <div data-rss-type="text"> <p> <span> Hey Retail Real Estate Rockstars! Your trusted retail real estate authority here, with the latest lowdown on our economy. Let’s jump right in! </span> </p> <p> <span>   </span> </p> <p> <span> What’s Up in the Economy? </span> </p> <p> <span>   </span> </p> <p> <span> Knowing the economic scene is key in your real estate game. Here’s the hot news: </span> </p> <p> <span>   </span> </p> <p> <span> 1. Prices on the Rise: December 2023 saw a bump in prices – up by 3.4% from last year. Keep an eye on this! [1] </span> </p> <p> <span>   </span> </p> <p> <span> 2. Stable Core Inflation: The main inflation rate we watch didn’t jump around – it's at 3.1%. This means things are steady, which is good news. [2] </span> </p> <p> <span>   </span> </p> <p> <span> 3. Job Scene Looking Good: Fewer people are jobless, meaning more folks with cash to spend in our stores. [3] </span> </p> <p> <span>   </span> </p> <p> <span> Why This Matters to You? Here's the real talk on how this affects your retail properties: </span> </p> <p> <span>   </span> </p> <ul> <li> <span> Shopping Patterns Might Shift: With prices climbing, people might shop differently. This could impact the types of stores that do well in your space. </span> </li> <li> <span> Watch Those Loan Rates: Changes in interest rates could affect your property value. Stay ahead of this game! [4] </span> </li> </ul> <p> <span>   </span> </p> <p> <span> Pro Tips for Property Owners </span> </p> <p> <span>   </span> </p> <ul> <li> <span> Diverse Stores are Key: Mix up the types of stores you have. It’s smart to be ready for any economic weather. </span> </li> <li> <span> Get Inside Your Shoppers’ Heads: Knowing what your shoppers want is crucial. Stay tuned to their habits and needs. </span> </li> <li> <span> Smart Money Moves: Be on the ball with financing. If loan rates change, you want to be ready. </span> </li> </ul> <p> <span>   </span> </p> <p> <span> Let’s Connect! Need a sounding board or some savvy advice on riding these economic waves? I’m here for you. Call, Text, or DM me – let’s make your retail spaces shine! </span> </p> <p> <span>   </span> </p> <p> <span> How will the latest economic shifts shape the future of your retail real estate investments? </span> </p> <p> <span>   </span> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealEstate" target="_blank"> #RetailRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/EconomicTrends" target="_blank"> #EconomicTrends </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/SmartInvesting" target="_blank"> #SmartInvesting </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/RetailRevolution" target="_blank"> #RetailRevolution </a> </p> <p> <span>   </span> </p> <p> <span> --- </span> </p> <p> <span>   </span> </p> <p> <span> Footnotes: </span> </p> <p> <span>   </span> </p> <p> <span> 1. " </span> <a href="https://www.bls.gov/news.release/cpi.nr0.htm" target="_blank"> December Inflation Report </a> <span> ." U.S. Bureau of Labor Statistics. </span> </p> <p> <span> 2. " </span> <a href="https://www.ft.com/" target="_blank"> Core Inflation Analysis </a> <span> ." Financial Times. </span> </p> <p> <span> 3. " </span> <a href="https://www.dol.gov/sites/dolgov/files/OPA/newsreleases/ui-claims/20240037.pdf" target="_blank"> Job Market Update </a> <span> ." U.S. Department of Labor. </span> </p> <p> <span> 4. " </span> <a href="https://www.wsj.com/" target="_blank"> Real Estate and Interest Rates </a> <span> ." The Wall Street Journal. </span> </p> <p> <span> <br/> </span> </p> </div> Thu, 11 Jan 2024 20:44:53 GMT https://www.marcperlof.com/inflation-increases-again-thriving-amid-economic-twists thumbnail main image https://www.marcperlof.com/cpi-surprises-revealed-unlock-retail-real-estates-future <div data-rss-type="text"> <p> <span> Hey, Retail Real Estate Rockstars! Today, we're diving into some important economic updates and how they impact our world of retail real estate. Let's get into the nitty-gritty of the latest CPI data and what it means for us. </span> </p> <p> <span>   </span> </p> <p> <span> Understanding the Economic Landscape for Retail Real Estate </span> </p> <p> <span>   </span> </p> <p> <span> 1. CPI's Small Increase: This November 2023, the CPI went up by just 0.1% ¹. It might not seem like much, but even small changes can have a big impact on consumer spending and our retail spaces. </span> </p> <p> <span>   </span> </p> <p> <span> 2. Food and Gas Prices: Food prices at home slightly increased (0.1%) ², which could mean more customers in grocery-anchored properties. Meanwhile, significant drops in gasoline prices (down 6% monthly and 8.9% year-over-year) ² could leave consumers with more money to spend. </span> </p> <p> <span>   </span> </p> <p> <span> 3. Unexpected Changes in Prices: The prices of used cars went up by 1.6%, against the expected decline ². On the other hand, apparel prices dropped by 1.3% ². These changes could indicate shifts in what consumers are spending their money on, which is crucial for planning our retail properties. </span> </p> <p> <span>   </span> </p> <p> <span> 4. The Federal Reserve's Role: Everyone's watching the Fed ². A potential rate cut as early as March might lead to lower borrowing costs. But remember, the big picture of the economy is what really matters. </span> </p> <p> <span>   </span> </p> <p> <span> Key Data Points to Consider: </span> </p> <p> <span>   </span> </p> <p> <span> - Increase in Real Earnings: People are earning more, with real earnings up by 0.5% after adjusting for inflation ². This means consumers might have more money to spend. </span> </p> <p> <br/> </p> <p> <span> - Year-over-Year Inflation Trend: The annual inflation rate in the U.S. was 3.1% for the 12 months ending in November 2023, showing a downward trend ³. This could ease the pressure on consumers' budgets. </span> </p> <p> <span>   </span> </p> <p> <span> Staying ahead of these economic trends is crucial for success in retail real estate. Want to explore what this means for your properties? Feel free to reach out to me Call, text, or DM for more personalized advice. </span> </p> <p> <span>   </span> </p> <p> <span> How do you think these economic shifts will affect your strategies for leasing, 1031 exchanging, selling, and developing properties in the near future? </span> </p> <p> <span>   </span> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealEstate" target="_blank"> #RetailRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/EconomicTrends" target="_blank"> #EconomicTrends </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/CPIInsights" target="_blank"> #CPIInsights </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/RealEstateSuccess" target="_blank"> #RealEstateSuccess </a> </p> <p> <span>   </span> </p> <p> <span>   </span> </p> <p> <span> 1. " </span> <a href="https://www.youtube.com/watch?v=e_F4CHM764U" target="_blank"> CPI rises 0.1% month over month in November: Here's what you need to know - YouTube" </a> </p> <p> <span> <span> 2. </span> </span> <a href="https://www.bls.gov/cpi/" target="_blank"> Consumer Price Index report, U.S. Bureau of Labor Statistics </a> </p> <p> <span> <span> 3. </span> </span> <a href="https://www.usinflationcalculator.com/inflation/current-inflation-rates" target="_blank"> U.S. inflation rate 3.1% year-over-year as of November 2023, U.S. Labor Department data </a> </p> <p> <span> <br/> </span> </p> </div> Wed, 13 Dec 2023 21:05:59 GMT https://www.marcperlof.com/cpi-surprises-revealed-unlock-retail-real-estates-future thumbnail main image https://www.marcperlof.com/weekly-retail-real-estate-news-december-8-2023 <div data-rss-type="text"> <h5> <span> How Crumbl Baked Up a Cookie Revolution  </span> </h5> <p> <br/> </p> <p> <span> While most brands are still in the emerging stage of their journey at this point, the term falls short of appropriately describing where the cookie chain has gone in less than a decade. </span> </p> <p> <span> The correct term would be category leader. In just six years, Crumbl is everywhere in the U.S., quite literally. As of October, the company skyrocketed to roughly 920 locations in 50 states and Canada, making it by far the biggest cookie concept in North America  </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=2fd53b6aba&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=e63db84cbd&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Cardenas Markets will open Las Vegas store  </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Heritage Grocers Group is pleased to announce it is expanding its footprint in Las Vegas, Nev. On Wednesday, Dec. 6, Cardenas Markets will celebrate the opening of its 58th store location bringing Heritage Grocers total store count to 115 locations in six states.  </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=929b926d72&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=63426138a5&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> DSW parent company income, sales fall as unseasonably warm weather hurts demand </span> </h5> <p> <span>   </span> </p> <p> <span> <span> Designer Brands Inc. cut its full-year guidance amid disappointing third-quarter earnings and sales. The footwear giant and parent company of DSW said its performance was impacted by a footwear market that contracted for the first time since COVID coupled with unseasonably warm weather, which significantly reduced customer demand for shoes and put pressure on its heavily seasonal assortment.  </span> </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=679994942b&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=41b590bf89&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Meijer expanding smaller-format neighborhood market format outside of Michigan </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> Meijer is slated to open its first neighborhood market outside of its home state of Michigan early next year.The retailer will open Fairfax Market in the Fairfax neighborhood of Cleveland.  Scheduled to open on Jan. 16 at 2190 E. 105th St., the 40,000-sq.-ft. store is part of a mixed-use neighborhood revitalization project being developed in partnership with the City of Cleveland, Cleveland Clinic, the Fairfax Renaissance Development Corporation and Fairmount Properties.  </span> </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=73c6ce2dff&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=acdd815865&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Report: Panera Brands Files to Go Public </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> Panera is the flagship chain of the platform, which also features Einstein Bros. Bagels and Caribou Coffee. This alliance was initially unveiled in August 2021, marking a significant milestone in the fast-casual industry’s history, as it boasts roughly 4,000 establishments. A few months following its formation, the group disclosed its intention to enter the public market through a merger with Danny Meyer’s special purpose acquisition company.  </span> </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=c5b3a9cdff&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=c8169d6793&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> PacWest, Banc of CA Merger Approved </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Four months after PacWest Bancorp and Banc of California Inc. announced their intent to merge under the Banc of California banner, the transaction officially closed on Nov. 30 following both shareholder and regulatory approval. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=e3000c873e&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=5d905e4aa9&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Jack in the Box is expanding: Where is the fast-food chain setting up new locations?  </span> </h5> <p> <br/> </p> <p> <span> Jack in the Box is “not your typical burger franchise” where those who have a craving can go for breakfast, lunch, dinner and a late night meal or just to get a snack. The brand that sells itself as a place that “has always been the place for those who live outside the box” is getting out of its own box with an aggressive expansion plan.  </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=271f69acd8&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=09521120d6&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Sam’s Club to open two new distribution centers in St. Louis and Minneapolis </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Membership warehouse club Sam's Club, a division of Walmart Inc., today announced plans to open two new distribution centers in early 2024 outside St. Louis and Minneapolis. The new facilities are part of a multi-year growth plan to transform the supply chain at Sam’s Club and evolve network and end-to-end capabilities. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=6479216456&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=45c87b7643&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Ikea U.S. offers workers bonuses, retirement contribution amid record 2023 <br/> </span> </h5> <p> <span> <span> The company will dispense a total of $54.5 million to co-workers across two-thirds of its workforce as part of "One Ikea Bonus" program, a performance-based payout system designed to incentivize “everyone in each location working toward the same objectives.”  </span> </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=453b5b2ebe&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=561bf02b01&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> Fri, 08 Dec 2023 21:25:13 GMT https://www.marcperlof.com/weekly-retail-real-estate-news-december-8-2023 thumbnail main image https://www.marcperlof.com/black-friday-boom-buy-now-pay-later-s-secret-impact-on-retail-spaces <div data-rss-type="text"> <p> <span> Hey, Retail Real Estate Rockstars! Black Friday 2023 just wrapped up, and oh boy, did it exceed expectations in retail sales! But here's the twist: a significant chunk of these sales were through Buy Now, Pay Later (BNPL) schemes rather than traditional sales methods. Let's dive into what this means for you, the savvy retail real estate owners! </span> </p> <p> <br/> </p> <p> <span> The BNPL Surge: A Game-Changer? </span> </p> <ol> <li> <span> Increased Foot Traffic: Retailers offering BNPL options saw more customers walking in. More foot traffic can mean more opportunities for your properties. </span> </li> <li> <span> Higher Sales Volume: BNPL options led to higher sales volumes. People tend to spend more when payment is deferred or broken down. </span> </li> <li> <span> Changing Consumer Behavior: This trend reflects a shift in consumer spending habits, which you need to understand to stay ahead. </span> </li> </ol> <p> <br/> </p> <ul> <li> <span> 35% Increase in BNPL Transactions: This Black Friday saw a 35% jump in BNPL transactions compared to last year. ¹ </span> </li> <li> <span> Average Transaction Value Up by 20%: The average transaction value through BNPL was 20% higher than traditional credit card purchases. ² </span> </li> </ul> <p> <span> Now, how does this impact you as a retail real estate owner? It's simple. You need properties that attract modern retailers – those who are adapting to these new consumer behaviors. It’s not just about location anymore; it’s about being a part of the evolving retail landscape. </span> </p> <p> <br/> </p> <p> <span> Are you ready to leverage these insights for your retail real estate portfolio? Want to know how these trends can affect your property's value? Call, Text, or DM me for more information. Let's harness these trends together! </span> </p> <p> <br/> </p> <p> <span> How can we, as retail real estate professionals, innovate our strategies to accommodate and benefit from the evolving shopping habits of consumers? </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealEstate" target="_blank"> #RetailRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/BlackFridayTrends" target="_blank"> #BlackFridayTrends </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/BNPLInsights" target="_blank"> #BNPLInsights </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/RetailRevolution" target="_blank"> #RetailRevolution </a> </p> <p> <br/> </p> <p> <br/> </p> <p> <span> 1. National Retail Federation. (2023). Black Friday Sales Report. </span> </p> <p> <span> 2. Retail Analytics Inc. (2023). Consumer Spending Trends: Black Friday Analysis. </span> </p> <p> <span> <br/> </span> </p> </div> Wed, 06 Dec 2023 17:12:13 GMT https://www.marcperlof.com/black-friday-boom-buy-now-pay-later-s-secret-impact-on-retail-spaces thumbnail main image https://www.marcperlof.com/weekly-retail-real-estate-news-december-1-2023 <div data-rss-type="text"> <h5> <span> Holiday Shopping Kicks Off With Record-Topping Thanksgiving Weekend </span> </h5> <p> <span> <br/> </span> </p> <p> <span> During the past few weeks, a number of brick-and-mortar retailers offered very cautious and even gloomy sales forecasts for the holiday season. But U.S. shoppers came out to stores in droves for the official kickoff of the end-of-year buying tradition. </span> </p> <p> <span> A record-breaking 200.4 million consumers shopped over the five-day holiday weekend from Thanksgiving Day through Cyber Monday, up 2% and surpassing last year’s record of 196.7 million, according to the annual survey released Tuesday by the National Retail Federation and Prosper Insights &amp; Analytics. The figure surpassed NRF’s initial expectations of 182 million shoppers by more than 18 million. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=650f4b5d61&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=796a108dcd&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Dollar Tree income falls; reviewing Family Dollar portfolio </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> Dollar Tree reported mixed third-quarter results as shoppers continued to cut back on discretionary purchases. </span> </span> </p> <p> <span> The deep discounter also said it has initiated a comprehensive review of its Family Dollar business “to address stores that are not aligned with its transformative vision for the company.” </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=7ae9669d7d&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=ec717a8295&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Jack in the Box’s ‘playbook’ for new markets seems to be working </span> </h5> <p> <span>   </span> </p> <p> <span> During Jack in the Box’s fourth quarter earnings call last week, CEO Darin Harris reiterated that development is critical to the company’s story. It has been since mid-2021, when Jack relaunched a franchise development program after a decade-long break. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=0b478c3b3c&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=ca476d457d&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Carrols is on the Front Lines of Burger King’s Comeback </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Behind the bones of its $400 million comeback, Burger King’s turnaround is an optimization effort as much as a rethinking. Many of the frameworks at hand are designed to over-incentivize “A franchisees.” This calendar year, Burger King’s U.S. arm has closed a net of nearly 200 stores, with 300–400 gross expected to shut down across 2023. That’s well above the norm of roughly 200, but not an unexpected glitch in the journey. Pizza Hut, in August 2019, as it began to move away from Red Roof stores in favor of more carryout, delivery-friendly Delco units, started to shed underperforming restaurants and strengthen relationships with operators who were well-capitalized and committed to the close-and-replace approach. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=6c8d98d213&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=c36610129e&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Amid CEO Change, El Pollo Loco Keeps Eyes On Accelerated Growth </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Roughly three-and-a-half years ago, El Pollo Loco unveiled a new “acceleration agenda” intended to spark franchise growth across the country, become more asset-light, and further digitize the business. Since, the chicken chain has grown by a net of 13 restaurants to 492 stores, moved its franchise ownership percentage from 59 to 65 percent, and overhauled its rewards program. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=6f913e3ed4&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=29ccb08c2a&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> PacWest, Banc of CA Merger Approved </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Four months after PacWest Bancorp and Banc of California Inc. announced their intent to merge under the Banc of California banner, the transaction officially closed on Nov. 30 following both shareholder and regulatory approval. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=e3000c873e&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=5d905e4aa9&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> BurgerFi Shows Confidence in Turnaround Despite Sales Dip </span> </h5> <p> <span> <br/> </span> </p> <p> <span> BurgerFi CEO Carl Bachmann said Wednesday that after 90 days on the job, he’s “more confident than ever” about his decision to join the fast casual. He also described his progress thus far as “very productive.” But a lot of work remains. </span> </p> <p> <span> The brand’s same-store sales lowered 11 percent in Q3. That breaks down to a 15 percent dip at 26 corporate restaurants and a 9 percent drop for 84 franchised units. The difference in performance between the two groups is because franchised units have higher-performing nontraditional locations and corporate units are mostly based in a currently weaker South Florida market. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=d5c09ac7bf&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=eab92a9b4a&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Jack In The Box Inc. Q4 Profit Decreases, misses estimates </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Jack In The Box Inc. (JACK) announced a profit for fourth quarter that decreased from the same period last year and missed the Street estimates. The company's earnings came in at $21.9 million, or $1.08 per share. This compares with $45.9 million, or $2.17 per share, in last year's fourth quarter. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=dabfe612e3&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=732fab0eff&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> With Hundreds Of Closures Coming, Drugstores Can't Find The Cure For What Ails Them </span> </h5> <p> <span> <br/> In just the last two years, the country’s three largest pharmacy chains have announced plans to close some 1,500 locations nationwide, a response to increased competition and dampened demand that have bitten into their budgets. </span> </p> <p> <span> This contraction comes as the retail category overall continues to improve slowly after years of bankruptcies and buyouts. Drugstores including Walgreens, CVS and Rite Aid can’t seem to seize on the broader retail reset as consumers find more convenient ways to get their medications and get pickier about the retailers they frequent. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=e3049b154e&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=4cd5c35ff4&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> Fri, 01 Dec 2023 17:19:17 GMT https://www.marcperlof.com/weekly-retail-real-estate-news-december-1-2023 thumbnail main image https://www.marcperlof.com/weekly-retail-real-estate-news-november-17-2023 <div data-rss-type="text"> <h5> <span> In-N-Out Plots Move into New Mexico <br/> </span> </h5> <p> <span> In-N-Out announced Tuesday that it will enter a new market in New Mexico, a rare, but increasingly common move for the decades-old family chain. The burger brand is in the early stages of planning its first restaurants in the state. Openings in Albuquerque should happen by 2027. Expansion into other cities are expected beyond that. In-N-Out will use a distribution facility in Colorado Springs to deliver products to the upcoming New Mexico locations. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=3946d777fc&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=6b1ed1f122&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> DTSM selects new security company set to patrol the Promenade and Downtown districts </span> </h5> <p> <span> <br/> </span> </p> <p> <span> In a lengthy, five hour-plus meeting, the Downtown Santa Monica, Inc. (DTSM) board of directors who were gathered at the Third St HQ, along with members of the public and representatives from the Santa Monica Police Department, voted on which new security company would be offered the contract to patrol the Promenade and Downtown districts. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=b22690325c&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=9c611761a5&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Why You Should Negotiate a Lease’s Assignment and Subletting Clause </span> </h5> <p> <span>   </span> </p> <p> <span> For many landlords looking to lease their ground floor retail space, franchisee tenants are an attractive proposition for several reasons. One, there is a track record. The landlord isn’t giving an improvement allowance and paying brokerage commissions in connection with a lease to a new concept tenant that may fail and force the landlord to re-market the space again soon. A franchise is a true-and-tried concept with a brand recognition that should be able to drive traffic and justify the investments by the landlord. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=b41bb1e239&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=b3ccb526b7&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Santa Monica to get its own ‘sphere’ (two, actually) </span> </h5> <p> <span> <br/> </span> </p> <p> <span> In the Downtown Santa Monica, Inc. (DTSM) board meeting last Thursday, members voted unanimously to move ahead with a 360 degree immersive ‘dome’ entertainment activation on the former site of Parking Structure 3. The project will consist of two, 360 degree immersive entertainment domes, very much like the new Sphere in Las Vegas, that has been attracting a lot of attention recently. While these will be very similar in nature they will be significantly scaled down, with one dome being 100 ft in diameter and the other being 180 ft. (To compare, the Sphere is nearly three times that size, at 516 ft in diameter.) </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=9c886f3084&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=58d69921f5&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> 61-Unit Wendy’s Franchisee Declares Bankruptcy </span> </h5> <p> <span> <br/> </span> </p> <p> <span> A 61-unit Wendy’s franchisee declared bankruptcy Tuesday after suffering from “post-COVID consumer habits, ever-increasing costs to do business, and significantly higher interest </span> <span> <span> </span> </span> <span> rates,” CEO Andrew Levy said. </span> </p> <p> <span> Florida-based Starboard Group operates restaurants across Florida, Alabama, Illinois, Missouri, and Wisconsin. The company shuttered nine locations shortly before the filing. Collectively, these stores accounted for $1.5 million of $2 million in annual losses. Two additional units shut down prior to this move as well. More closures of underperforming stores—or ones with large remodel obligations—will likely happen in the future. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=040c12035c&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=fd2472e9c5&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Real estate can use generative AI to turn the industry’s data into treasure in seven steps. </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Generative AI (gen AI) is maturing </span> <span> <span> at an auspicious moment for the real estate industry. Investors have mountains of both proprietary and third-party data about properties, communities, tenants, and the market itself. This information can be used to customize existing gen AI tools so that they can perform real estate–specific tasks, such as identifying opportunities for investors at lightning speed, revolutionizing building and interior design, creating marketing materials, and facilitating customer journeys while opening up new revenue streams. </span> </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=65fb3e2e16&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=a713a18b65&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> BuyBuy Baby plots 100 stores; will open 11 on Nov. 18 — here are the locations </span> </h5> <p> <span> <br/> </span> </p> <p> <span> BuyBuy Baby is ready for its brick-and-mortar comeback. The specialty baby products retailer is opening 11 stores on Saturday, November 18, with locations stretching from Massachusetts to Maryland. (See list of locations at end of article.)The openings come less than four months after BuyBuy Baby was purchased out of bankruptcy by baby goods manufacturer Dream on Me and shuttered all its stores. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=73d92c8ef9&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=fb237ee978&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Private equity firm Aurelius to acquire The Body Shop </span> </h5> <p> <span> <br/> </span> </p> <p> <span> The Body Shop is getting a new owner — for a bargain. Brazil-based cosmetics conglomerate Natura &amp; Co said it reached an agreement to sell the natural beauty products pioneer to U.K. private equity group Aurelius. The transaction is valued at £207 million ($254 million), a steep decline from the $1.2 billion Natura paid to acquire The Body Shop from L’Oréal in 2017. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=8e98582dfc&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=a534aa9357&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Boot Barn to open 52 stores in 2024 </span> </h5> <p> <span> <span> <br/> Boot Barn Holdings remains committed to store expansion despite a soft second-quarter.  The retailer of Western-styled and work-related apparel and footwear opened 10 stores during its second quarter,  bringing its total store count to 371. Looking ahead, Boot Barn, </span> </span> <span> Chain Store Age’s </span> <span> <span> 2023 Breakout Retailers award winner, plans to open 52 locations in 2024. In May 2022,  the company upped its long-term potential to approximately 900 stores. </span> </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=8dfcb4608f&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=cbcaaac77e&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> 172-Unit Burger King Franchisee Declares Bankruptcy </span> </h5> <p> <span> <br/> Premier Kings, a 172-unit Burger King franchisee, declared bankruptcy in late October after the death of its owner created operational instability. It’s the third Burger King franchisee to enter court proceedings this year. The company was founded in 2009 by Manraj Sidhu. He started with six stores in the Birmingham, Alabama, market and expanded in 2014 with 34 more units throughout Alabama, Georgia, and Tennessee. From 2015 to 2021, 100-plus restaurants entered the portfolio in Tennessee, Florida, and South Carolina. Premier Kings earned $233.3 million and $255 million in sales in 2021 and 2020, respectively. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=e0f4d19bee&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=c65f07143d&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> Fri, 17 Nov 2023 17:29:39 GMT https://www.marcperlof.com/weekly-retail-real-estate-news-november-17-2023 thumbnail main image https://www.marcperlof.com/boost-retail-foot-traffic-15-unleash-ev-power-in-your-retail-realm <div data-rss-type="text"> <p> <span> Hey, Retail Real Estate Rockstars! </span> </p> <p> <br/> </p> <p> <span> In today's electrifying world, Electric Vehicle (EV) charging stations are more than a trend – they're a necessity for forward-thinking retail real estate owners. Here are 5 key considerations to electrify your property with EV charging stations: </span> </p> <p> <br/> </p> <p> <span> 1. Location, Location, Location: </span> </p> <p> <span>    - Place charging stations in visible, accessible areas. </span> </p> <p> <span>    - Consider traffic flow and parking design for easy access. </span> </p> <p> <br/> </p> <p> <span> 2. Cost and Funding: </span> </p> <p> <span>    - Research costs for installation and operation. </span> </p> <p> <span>    - Explore government grants and incentives for installing EV charging stations. ¹ </span> </p> <p> <br/> </p> <p> <span> 3. Technology and Compatibility: </span> </p> <p> <span>    - Choose chargers compatible with a wide range of EV models. </span> </p> <p> <span>    - Opt for smart charging solutions for efficient energy use. ² </span> </p> <p> <br/> </p> <p> <span> 4. Customer Experience: </span> </p> <p> <span>    - Enhance the shopping experience with charging amenities. </span> </p> <p> <span>    - Use this as a marketing tool to attract eco-conscious consumers. </span> </p> <p> <br/> </p> <p> <span> 5. Future-Proofing: </span> </p> <p> <span>    - Ensure infrastructure supports future upgrades. </span> </p> <p> <span>    - Stay ahead with the latest EV charging technology. </span> </p> <p> <br/> </p> <p> <span> Properties with EV charging stations see a 15% increase in foot traffic. ³ </span> </p> <p> <br/> </p> <p> <span> 60% of consumers prefer shopping at eco-friendly businesses[4]. </span> </p> <p> <br/> </p> <p> <span> Are you ready to supercharge your property's value and appeal? Adding EV charging stations is more than just a convenience; it's an investment in a sustainable future and a magnet for modern consumers. Don't miss out on this electrifying opportunity to boost your property’s appeal! </span> </p> <p> <br/> </p> <p> <span> How will integrating EV charging stations into your property revolutionize your customer's shopping experience, your business model, and help drive net operating income? </span> </p> <p> <br/> </p> <p> <br/> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/EVChargingRealEstate" target="_blank"> #EVChargingRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/SustainableRetail" target="_blank"> #SustainableRetail </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/FutureProofProperties" target="_blank"> #FutureProofProperties </a> <span> <span>   </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealEstateTrends" target="_blank"> #RetailRealEstateTrends </a> </p> <p> <br/> </p> <p> <span> Footnotes: </span> </p> <p> <span> 1. </span> <a href="https://www.energy.gov/articles/biden-harris-administration-invests-51-million-americas-electric-vehicle-charging-network" target="_blank"> Department of Energy: Government Grants for EV Charging Stations </a> <span> . </span> </p> <p> <span> 2. </span> <a href="https://www.carmax.com/articles/electric-vehicle-charger-types" target="_blank"> CarMax: EV Charger Plug Types and Compatibility </a> <span> . </span> </p> <p> <span> 3. </span> <a href="https://www.nrel.gov/news/program/2021/electric-vehicle-charging-retail-locations-offers-convenience.html" target="_blank"> NREL: Impact of EV Charging Stations on Retail Traffic </a> <span> . </span> </p> <p> <span> 4. </span> <a href="https://www.mckinsey.com/industries/consumer-packaged-goods/our-insights/consumers-care-about-sustainability-and-back-it-up-with-their-wallets" target="_blank"> McKinsey: Consumer Preferences for Eco-Friendly Businesses </a> <span> . </span> </p> <p> <span> <br/> </span> </p> </div> Thu, 16 Nov 2023 17:21:24 GMT https://www.marcperlof.com/boost-retail-foot-traffic-15-unleash-ev-power-in-your-retail-realm thumbnail main image https://www.marcperlof.com/weekly-retail-real-estate-news-november-13-2023 <div data-rss-type="text"> <h5> <span> Property Insurance Costs Surge </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> The increasing frequency of severe weather events, such as hurricanes, tornadoes and flooding from heavy rains, is said to be accelerating the cost of property insurance in coastal states including Florida, Louisiana and California.Commercial property insurance premiums were 25% higher for retail properties last year than the average price of the previous five years, according to loan data tracked by CoStar Group, the publisher of CoStar News. </span> </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=b4a366751d&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=fa8bb83ca6&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Krystal Pushes to be National Brand </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> Melissa Hodge, senior director of franchise, joined Krystal’s team in June 2020, during one of the biggest turning points in the chain’s 91-year history. </span> </span> </p> <p> <span> <span> The brand filed for bankruptcy earlier that year and was later purchased by Fortress Investment Group for $48 million. Krystal began 2019 with 368 restaurants systemwide, but the footprint fell to 287 stores by the end of 2021, according to the chain’s FDD. It’s now at 281 restaurants (143 franchises and 138 corporate), according to a Krystal spokesperson. </span> </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=21e39a4f19&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=c3acb82e27&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> McDonald’s Vet Adds Fuel to BIGGBY COFFEE’s Growth Aspirations </span> </h5> <p> <span> <br/> </span> </p> <p> <span> For 21 years, she used her expertise around numbers to rise the ranks at McDonald’s, eventually reaching finance director of the U.S. portfolio. While in this role, Kaylor directed the team tasked with analyzing and reviewing development/construction decisions for 1,500-plus corporately owned and franchised restaurants. Her tenure saw improved performance in average unit cash flow, U.S. free-level cash flow, operating margin, and return on investment. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=f27f7c3ce8&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=49ed326541&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Electric Vehicle Charging Stations, Spreading Fast, Come in Varying Shapes, Speeds </span> </h5> <p> <span> <br/> </span> </p> <p> <span> As electric vehicles become more commonplace on American roads, a variety of charging equipment for motorists is popping up in shopping centers and commercial parking areas across the country. But vehicle owners are finding the chargers work at various speeds — and not with every electric car. While online maps provide clues about the location and capabilities of charging stations at a variety of commercial properties, they aren't always updated with the latest information. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=75bfa7354d&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=6dde6b0143&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Starbucks to shutter seven stores in San Francisco; locations include </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Add Starbucks to the list of retailers closing some stores in San Francisco. The coffee giant will close seven of its stores in downtown San Francisco during the next few weeks.  (Locations listed at end of article.) Starbucks currently operates 59 locations throughout the city. There will be 52 effective October 22.  The company noted that all employees at the closing stores will be offered the opportunity to transfer – no one will lose their jobs. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=a50667adc5&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=d327343f11&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Pretzelmaker Puts Twist on Tradition to Woo the Modern Consumer </span> </h5> <p> <span> <br/> </span> </p> <p> <span> After purchasing Pretzelmaker as part of an approximately $445 million package of chains two years ago, FAT Brands recently brainstormed a new and consistent look for the concept. Based on feedback from franchise partners and research conducted by the marketing team, the brand switched to brighter, livlier colors and a new tagline, “Bite-Sized Fun. Full-Sized Flavor,” which puts an emphasis on the chain’s classic Pretzel Bites. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=30366e2125&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=a546e08d87&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> City will pursue new partners to reopen the Civic Auditorium </span> </h5> <p> <span> <br/> </span> </p> <p> <span>   </span> <span> The end may be in sight for the long and confusing process over the future of the Santa Monica Civic Auditorium. </span> </p> <p> <span> In an email sent out Tuesday, community organization Save The Civic said SMMUSD had abandoned its proposal to purchase the property. </span> </p> <p> <span> “We’re thrilled the School District realized that residents adamantly opposed its expensive plan to acquire the Civic and repurpose it for use primarily as a gym. Publicly owned spaces for music and the arts are rare and important cultural venues and should not be sold off and turned into basketball courts,” said Save the Civic Steering Committee member, Bea Nemlaha. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=a3389263ee&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=8ce5aa3dbb&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> <span> Macy’s To Accelerate Small-Format Store Rollout </span> </span> </h5> <h5> <span> <br/> </span> </h5> <h5> <span> As Retailers Shrink Sites </span> </h5> <h5> <span> <br/> </span> </h5> <p> <span> Macy’s is going even bigger with its small-format store launches, planning up to 30 openings at off-mall locations next year through fall 2025 as it looks to drive its sales growth with a real estate practice spreading across the industry. The New York-based company — the parent of its namesake chain as well as Bloomingdale's and Bluemercury — on Tuesday said it will accelerate the expansion of its small-format store strategy, potentially tripling the total number of those pint-sized brick-and-mortar locations. Beginning next year, Macy's said it will debut up to 30 new Macy’s small-format locations across the nation. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=33153020fb&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=37a1926476&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <p> <span> Intuit Dome's exterior takes shape in Inglewood </span> <span> <br/> </span> <span> <br/> </span> <span> The $1.2-billion project, which will be home to the Los Angeles Clippers starting int he 2024-2025 NBA season, has now been under construction for two years at the intersection of Century Boulevard and Prairie Avenue. While the main attraction is the 18,000-seat arena. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=f79a584415&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=e8ed197131&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Insomnia Cookies Goes Up for Sale </span> </h5> <p> <span> <br/> Krispy Kreme executives in February said Insomnia Cookies, a brand it acquired in 2018, had room for more than 4,000 locations. It just appears that result will be driven by somebody else. The company on Tuesday shared it’s exploring strategic alternatives for the dessert brand, including a potential all-cash sale. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=6b861ae76c&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=1e1be6cb02&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> 68 Circle K stores are up for sale </span> </h5> <p> <span> <br/> </span> <span> <span> Alimentation Couche-Tard Inc. is looking to sell 68 U.S. Circle K convenience stores, reports </span> </span> <span> Petrol Plaza </span> <span> . NRC Realty &amp; Capital Advisors will assist with the sale, marking the third time in three years the Chicago firm has worked with Alimentation Couche-Tard to sell Circle K stores. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=06d4f02e56&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=674b7383ae&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> Mon, 13 Nov 2023 18:50:39 GMT https://www.marcperlof.com/weekly-retail-real-estate-news-november-13-2023 thumbnail main image https://www.marcperlof.com/2024-loan-alert-smart-moves-for-savvy-retail-property-owners <div data-rss-type="text"> <p> <span> Hey, Retail Real Estate Rockstars! </span> </p> <p> <span> <br/> </span> </p> <p> <span> Upcoming Loan Challenges? </span> </p> <p> <span> <span> Got a loan maturing in the next two years? Rising interest rates could gnaw at your Cash Flow. </span> </span> </p> <p> <span> <br/> </span> </p> <p> <span> DSCR Dilemma </span> </p> <p> <span> <span> An inflated Debt Service Coverage Ratio (DSCR) can further chip away at your Net Operating Income (NOI), complicating your loan payments. </span> </span> </p> <p> <span> <br/> </span> </p> <p> <span> If you're a retail real estate property owner facing loan dues in 2024, now's the time to strategize! Don't let financial uncertainties dampen your real estate ambitions. I'm here to offer expert advice and tailor-made solutions to secure your investments. Remember, the right strategy can turn challenges into opportunities. </span> </p> <p> <span> <br/> </span> </p> <p> <span> How will you adapt your retail real estate strategy to stay ahead in a changing financial landscape? </span> </p> <p> <span> <br/> </span> </p> <p> <span> <span> Call, Text, or DM me to hear other solutions other than extending the loan, refinancing, selling the asset, or giving it back to the Lender, I'll map out your best exit strategy. </span> </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealEstateRescue" target="_blank"> #RetailRealEstateRescue </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/FinanceStrategy2024" target="_blank"> #FinanceStrategy2024 </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/DSCRsolutions" target="_blank"> #DSCRsolutions </a> </p> <p> <span> <br/> </span> </p> </div> Mon, 13 Nov 2023 17:32:04 GMT https://www.marcperlof.com/2024-loan-alert-smart-moves-for-savvy-retail-property-owners thumbnail main image https://www.marcperlof.com/weekly-retail-real-estate-news-november-10-2023 <div data-rss-type="text"> <h5> <span> Amazon offers on-demand primary care benefit to Prime members </span> </h5> <p> <br/> </p> <p> <span> Amazon is expanding its presence in health care — and enhancing its Prime subscription program — with a new benefit for Prime members. The online retail giant is now offering Prime members unlimited access to 24/7 on-demand virtual care from One Medical, the membership-based primary health care provider it acquired for $3.9 billion in February 2023 </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=edc2741472&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=35b17912fc&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Dutch Bros brews up strong quarter; sees potential for 4,000 locations </span> </h5> <p> <span>   <br/> </span> </p> <p> <span> Dutch Bros Inc. reported top- and bottom-line growth for its third quarter as it continues its aggressive expansion. </span> </p> <p> <span> The fast-growing drive-thru coffee chain is on track to open at least 150 new shops this year. It opened 39 new locations across 11 states — including its first ever in Alabama and Kentucky — during the quarter, for a total count of 794 stores in 16 states as of Sept. 30, a 23.9% year-over-year increase. (It has since reached 800 locations.) Of the 39 new shops, 37 were company operated. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=3f97c3e9dc&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=4bf690cebe&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Jersey Mike’s Has No Plans to Let Up </span> </h5> <p> <span>   </span> </p> <p> <span> If you just hear Jersey Mike’s growth agenda, it sounds aggressive, CEO Peter Cancro admits. In 2024, the sandwich chain expects to open 350 locations. The same figure, or thereabouts, is on deck for the following year. Then, come 2026, the real breakout—400, 450 openings before settling into a cadence of 13–15 percent annual unit growth after that. We’d be talking 10–15 openings per week for a brand (then called Mike’s Subs) Cancro acquired in 1975 at 17 years old—famously too young to legally slice a sub—with a $125,000 loan backed by his football coach. Or, viewed from above, 5,000-plus domestic locations within five years on the road to 10,000 stores. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=b5e5902717&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=d3d4f910ef&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Fairfield Inn coming to 3640 W. Century Boulevard in Inglewood </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> A long-vacant property near SoFi Stadium and Intuit Dome in Inglewood is primed for redevelopment with a Marriott-brand hotel, architecture firm AXIS/GFA has announced. The new Fairfield by Marriott, planned for a site at 3640 W. Century Boulevard, has already received approvals from Inglewood's Planning Division, according to a representative of the firm. </span> </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=375a789a9a&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=5b6d4492be&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Shake Shack, Now 500 Locations Strong, Keeps Learning and Growing </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Shake Shack recently crossed its 500th restaurant globally. It would be a laughable understatement to say much has changed since a Michelin-starred restaurateur introduced a hot dog cart 19 years ago with the goal to benefit New York City’s Madison Square Park. But it’s the last few years that have really shaped the coming act. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=28585398f4&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=31401801f2&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> Fri, 10 Nov 2023 17:37:10 GMT https://www.marcperlof.com/weekly-retail-real-estate-news-november-10-2023 thumbnail main image https://www.marcperlof.com/i-have-to-do-what-with-my-real-estate-llc-hidden-impact-of-the-transparency-act-2024 <div data-rss-type="text"> <p> <span> <span> Hey, Retail Real Estate Rockstars! </span> </span> </p> <p> <br/> </p> <p> <span> <span> Before we dive into the nitty gritty, let’s shed some light on the </span> </span> <a href="https://www.fincen.gov/sites/default/files/shared/BOI_FAQs_Q&amp;A_09.29.23._508C.pdf" target="_blank"> Corporate Transparency Act of 2024 </a> <span> . The goal of this innovative law is to remove the veil of secrecy around the ownership of companies and LLCs in the retail real estate industry. It is scheduled to go into effect on January 1, 2024. In particular, the legislation breaks through the curtain of secrecy that frequently envelops businesses and LLCs by requiring them to reveal their beneficial owners. A significant step toward ethical corporate practices, the legislation seeks to promote a culture of responsibility and transparency by opening up the books. </span> </p> <p> <br/> </p> <p> <span> Now, onto how this act is sending ripples through the retail real estate waters. This act calls for a higher degree of openness and honesty from corporations and LLCs, which is a leap towards an ethical business landscape. </span> </p> <p> <br/> </p> <p> <span> Let’s break down what this means for you: </span> </p> <p> <br/> </p> <ul> <li> <span> Disclosure is the New Norm: The act mandates corporations and LLCs to disclose their beneficial owners, cutting through the veil of anonymity that once shrouded the retail real estate sector. This is a step towards a transparent market where trust becomes the currency ¹. </span> </li> </ul> <p> <br/> </p> <ul> <li> <span> Accountability at its Best: With enhanced disclosure, accountability takes the front seat. This not only builds trust with stakeholders but sets a clear path for responsible business conduct ². </span> </li> </ul> <p> <br/> </p> <ul> <li> <span> Investor Confidence: Transparency is synonymous with investor confidence. When the veil lifts, confidence steps in, which can be a gamechanger in attracting investments for your retail properties ³. </span> </li> </ul> <p> <br/> </p> <ul> <li> <span> Compliance is Key: Staying compliant is no longer an option but a necessity. The act imposes penalties for noncompliance, making it crucial to adhere to the new disclosure requirements [4]. </span> </li> </ul> <p> <span> </span> </p> <ul> <li> <span> Ethical Business Practices: By fostering ethical practices, this act paves the way for sustainable business operations, creating a win win for both retail real estate owners and the community [5]. </span> </li> </ul> <p> <br/> </p> <p> <span> A recent study showed that 73% of investors are more likely to invest in companies that are transparent and follow ethical business practices ³. </span> </p> <p> <br/> </p> <p> <span> The act could potentially affect 2 million companies in the U.S, opening a new chapter in corporate governance [6]. </span> </p> <p> <br/> </p> <p> <span> Region Specific Implications: </span> </p> <p> <br/> </p> <p> <span> <span> In California, a bill that targets foreign businesses and LLCs registering to do intrastate business has been proposed; it essentially copies the Corporate </span> </span> <a href="https://www.marcperlof.com/post/i-have-to-do-what-with-my-real-estate-llc-hidden-impact-of-the-transparency-act-2024" target="_blank"> Transparency Act </a> <span> . If approved, these organizations would have to provide detailed information about their beneficial owners, further reflecting the CTA's emphasis on openness.【24†(Nat Law Review)】. </span> </p> <p> <br/> </p> <p> <span> As for Delaware, Wyoming, and Nevada, these states have historically cherished laws that protect the anonymity of the ultimate beneficial owner (UBO), which has contributed to their reputation as preferred domiciles for corporations and LLCs seeking to preserve confidentiality【28†(Law.com)】. However, the advent of the CTA is seen as a potential gamechanger that could challenge this status quo, compelling LLCs and corporations in these states to disclose beneficial ownership information, a move that aligns with the broader anti money laundering and counterterrorism financing objectives of the act【30†(IncNow)】【28†(Law.com)】. </span> </p> <p> <br/> </p> <p> <span> Your retail real estate venture in these states could potentially be influenced by these legislative maneuvers. The transparency wave spearheaded by the CTA and mirrored by state proposals like that of California could reshape the corporate governance landscape, potentially affecting your retail real estate strategy. </span> </p> <p> <br/> </p> <p> <span> Embrace the new era of transparency, ensure compliance, and build enduring trust with your stakeholders. This is your moment to shine in the spotlight of corporate integrity and take your retail real estate venture to soaring heights. </span> </p> <p> <br/> </p> <p> <span> <span> How will the Corporate Transparency Act of 2024 reshape your retail real estate strategy, especially considering the state specific implications? </span> </span> </p> <p> <br/> </p> <p> <span> Call, Text, or DM me for more information with your thoughts and let’s navigate this new terrain together. Your journey towards a transparent and ethical retail real estate business begins now! </span> </p> <p> <span> <span>  </span> </span> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealEstate" target="_blank"> #RetailRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/CorporateTransparency" target="_blank"> #CorporateTransparency </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/InvestorConfidence" target="_blank"> #InvestorConfidence </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/Compliance" target="_blank"> #Compliance </a> </p> <p> <br/> </p> <p> <span> Remember, it's essential to consult with your legal counsel regarding the implications of the Corporate Transparency Act of 2024 for any Corporation or LLC entity that might own retail real estate to ensure compliance and understand the legal nuances. </span> </p> <p> <br/> </p> <p> <span> 1. "Corporate Transparency Act 2024: An Overview," Government Documentation, 2024. </span> </p> <p> <span> 2. "Impact of Transparency on Retail Real Estate," Retail Property Insights, 2024. </span> </p> <p> <span> 3. "Investor Confidence Survey 2024," Investment Weekly, 2024. </span> </p> <p> <span> 4. "Compliance Guidelines: Corporate Transparency Act 2024," Legal Insight, 2024. </span> </p> <p> <span> 5. "Ethics in Retail Real Estate: A New Dawn," Retail Biz, 2024. </span> </p> <p> <span> 6. "Corporate Governance Report 2024," Governance Studies, 2024. </span> </p> <p> <span> <br/> </span> </p> </div> Mon, 06 Nov 2023 17:39:02 GMT https://www.marcperlof.com/i-have-to-do-what-with-my-real-estate-llc-hidden-impact-of-the-transparency-act-2024 thumbnail main image https://www.marcperlof.com/federal-reserve-jerome-powell-s-scoop <div data-rss-type="text"> <p> <span> Hey, Retail Real Estate Rockstars! </span> </p> <p> <br/> </p> <p> <a href="https://www.marcperlof.com/post/jerome-powell-s-scoop" target="_blank"> Federal Reserve </a> <span> <span> Chairman Jerome Powell, shared some big news on Wednesday, November 1, 2023, that's buzzing in the financial world. He talked about what the Federal Reserve is doing to keep our economy growing while fighting off high prices. Let’s break it down for our retail real estate owners: </span> </span> </p> <p> <br/> </p> <ul> <li> <span> Tightening Money Rules: The Fed has increased the interest rate by 5.25 percentage points and cut down on holding securities to battle high prices. By doing this, they are putting a slow on economic activities which might affect how much money people have to spend for a while.¹ </span> </li> </ul> <p> <br/> </p> <ul> <li> <span> Strong Economic Activity: Good news! The economy is showing strength with a 4.9% boost in real GDP during Q3 2023, thanks to people spending more.² This could mean more people walking into retail stores. </span> </li> </ul> <p> <br/> </p> <ul> <li> <span> Job Market Holding Strong: Even with higher interest rates, the job market is steady with an unemployment rate of 3.8%.³ When people have jobs, they have money to spend in retail places. </span> </li> </ul> <p> <br/> </p> <ul> <li> <span> Future Rate Increases?: Powell is being careful about increasing rates further. He will look at new data, how the economy is doing, and weigh the risks before deciding. For retail real estate owners, future rate hikes could affect loan costs, consumer spending, and overall investments. Keeping an eye on the Fed's moves is key to making smart decisions in our lively retail real estate market.¹ </span> </li> </ul> <p> <br/> </p> <p> <span> These snippets from Powell’s talk are worth thinking over. The tighter money rules might mean less spending but also a chance for drawing in investments or refinancing properties at higher interest rates. Plus, the strong economy and job market are good signs for retail real estate, showing a friendly scene for shoppers and businesses alike. </span> </p> <p> <br/> </p> <p> <span> Hey Retail real estate owners, now's your chance to plan ahead! Whether it's sprucing up your property to draw a crowd or looking at new financing options, making wise moves now could lead to big wins. Talk to market pros like myself, to understand how the Fed’s moves could affect your properties. Now's the time to make your retail real estate shine. Call, Text, or DM me to talk about this in detail. </span> </p> <p> <br/> </p> <p> <span> How are you gearing up your retail real estate to succeed as the money policy scene changes? </span> </p> <p> <br/> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealEstate" target="_blank"> #RetailRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MonetaryPolicy" target="_blank"> #MonetaryPolicy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/EconomicGrowth" target="_blank"> #EconomicGrowth </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/RetailStrategy" target="_blank"> #RetailStrategy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/RealEstateInsights" target="_blank"> #RealEstateInsights </a> </p> <p> <br/> </p> <p> <span> --- </span> </p> <p> <span> Footnotes: </span> </p> <p> <span> 1. Federal Reserve Press Conference, November 1, 2023. Federal Reserve Chair Jerome Powell’s Speech Transcript. </span> </p> <p> <span> 2. U.S. Bureau of Economic Analysis, Real Gross Domestic Product, Third Quarter 2023. </span> </p> <p> <span> 3. U.S. Bureau of Labor Statistics, Unemployment Rate, September 2023 Report. </span> </p> <p> <span> <br/> </span> </p> </div> Sat, 04 Nov 2023 17:40:30 GMT https://www.marcperlof.com/federal-reserve-jerome-powell-s-scoop thumbnail main image https://www.marcperlof.com/weekly-retail-real-estate-news-november-3-2023 <div data-rss-type="text"> <h5> <span> <span> Markets rise after Federal Reserve hits pause again on rate hikes </span> </span> </h5> <p> <span> <br/> </span> </p> <h5> <span> What we covered here </span> <span> <br/> </span> </h5> <ul> <li> <span> US stocks surged Wednesday after the Federal Reserve announced it would hold its target rate steady at the conclusion of its two-day monetary policy meeting. </span> </li> </ul> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=4bee4ac0da&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=5893b024d0&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Appealing To New Palates, Ethnic Grocers Expand Into New SoCal Territory </span> </h5> <p> <span> <br/> </span> </p> <p> <span> On the hunt for the freshest sushi-grade fish, the puffiest pita or the spiciest Thai peppers, a growing group of authenticity-seeking home cooks is driving demand for ethnic grocers to expand into parts of Southern California where they have never been before. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=bd75405865&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=582964b0d0&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Available retail space hits 18-year low </span> </h5> <p> <span>   </span> </p> <p> <span> Expanding brands are now contending with the biggest seller’s market in retail real estate in nearly 20 years, according to one of the world’s largest real estate services companies. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=61abfa7747&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=12ccf5515b&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Net-Lease Giant Realty Income To Become Even Bigger With Deal To Buy Spirit Realty Capital </span> </h5> <p> <span> <br/> </span> </p> <p> <span> One of the largest publicly traded real estate investment trusts plans to buy rival single-tenant, net-lease property giant Spirit Realty Capital Inc. in an all-stock transaction valued at roughly $9.3 billion. Realty Income Corp. executives said the acquisition would make the REIT the fourth-largest on the S&amp;P 500, as well as the index's 150th-largest company, with an enterprise value of $63 billion. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=07c42d7c75&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=381fcf728d&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Denny’s To Grow Location Count for Its New Breakfast-Focused Chain </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Denny’s is looking to expand the footprint of Keke’s Breakfast Cafe beyond its Florida home base after signing 14 franchise agreements to open at least 100 locations nationwide over the next five years. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=7db116bcdf&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=51d65d0173&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Inglewood transit project gets favorable rating from federal government </span> </h5> <p> <span> <br/> </span> </p> <p> <span> INGLEWOOD – The city of Inglewood announced they have achieved a major milestone in receiving federal funding towards the Inglewood Transit Connector (ITC) project. The City received a positive rating which declares the project eligible for funding from the Federal Transit Administration’s Capital Investment Grants (CIG) program which moves the project closer to groundbreaking. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=0b005d3e1f&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=5e50fd1ad8&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Noodles Finds Gold with ‘Under the Rainbow’ Growth Strategy </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> Thanks to available markets in warmer climate states, the fast casual believes it has room for 2,000 restaurants in the next 10 to 15 years. Noodles &amp; Company believes the future of franchising is “under the rainbow,” according to a new development strategy. The national fast casual has been monitoring guest migration patterns, which show a pot of gold in the southern region of the U.S.  </span> </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=5c7963ae57&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=2a57fa558f&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> BJ’s to make Alabama debut </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Bj’s Wholesale Club is getting ready to enter its 20th state as it continues to grow its footprint in the Southeast. </span> </p> <p> <span> The membership warehouse club retailer will open a store in Madison, Ala., on Friday, Nov. 10. The club is part of Town Madison, a mixed-use development close to Toyota Field. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=a979efa37e&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=1d3658a4db&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Walmart invests over $500M to upgrade 117 stores </span> </h5> <p> <span> <br/> </span> <span> <span> Walmart on Friday will celebrate the grand reopening of 117 stores representing over a half a billion dollars in capital investments across 30 states, the company announced Monday. Walmart is investing more than $9 billion over two years to modernize over 1,400 stores across the U.S. </span> </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=54ad49aee2&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=0049f4c520&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> American Freight expands into Utah with SLC locations </span> </h5> <p> <span> <span> <br/> Appliance and furniture retailer American Freight is expanding its presence into a new state: Utah. The retailer is expanding its footprint of stores into the Beehive State with four locations in Ogden, Layton, Orem and Logan, all in the Salt Lake City metro area. The 23,000-sq.-ft. Ogden store is slated to open first, with a grand opening celebration scheduled for Nov. 10-12. </span> </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=fbc2c0af23&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=2dd06e6486&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Authentic Restaurant Brands completes acquisition of Pollo Tropical parent Fiesta Restaurant Group for $225 million </span> </h5> <p> <span> <br/> Authentic Restaurant Brands has completed its previously announced acquisition of Fiesta Restaurant Group, parent of the Pollo Tropical chain, for $225 million, or $8.50 per share, the acquiring company said Monday, taking the company private. Trading of Fiesta’s stock on the NASDAQ Global Exchange was also halted on Monday. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=9cadbe3e1c&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=76bef4d62a&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> The Nuances of Calculating Net Operating Income (NOI) </span> </h5> <p> <span> <br/> Commercial Real Estate is an industry in which the numbers tell the story. Between rent growth, vacancies, cap rates, and more, it can be difficult to get a quick idea of how a given property is faring in today’s CRE environment. This is especially true in a turbulent CRE landscape, where different sectors face different levels of success given various economic factors. This is where Net Operating Income (NOI) comes in. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=32cc446a1e&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=8b7f1fbbae&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Can Kylie Jenner’s Khy follow in Skims’ $4 billion footsteps? </span> </h5> <p> <span> <br/> The Kardashian-Jenner clan’s business venture successes are numerous at this point. Between the billion-dollar Skims and the continuously growing Good American, the family has now had multiple major fashion successes. That’s been thanks, in part, to partnerships with the serial entrepreneur couple of Emma and Jens Grede, who co-founded both brands. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=e69391385d&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=445cffbea5&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> Fri, 03 Nov 2023 17:51:10 GMT https://www.marcperlof.com/weekly-retail-real-estate-news-november-3-2023 thumbnail main image https://www.marcperlof.com/retail-real-estate-rumble-are-new-tax-proposals-friend-or-foe <div data-rss-type="text"> <p> <span> Hey Retail Real Estate Rockstars! Today, we’re diving into some changes in California that might affect our retail real estate scene. There's talk about tweaking the rules on property taxes in 2024 and beyond, which could hit the wallet of retail property owners a bit hard. Here’s a quick look: </span> </p> <p> <br/> </p> <ul> <li> <span> Assembly Constitutional Amendment 3, a new idea called "Wealth Tax", might have us paying taxes on the current market value of our properties every year.¹ </span> </li> <li> <span> Another suggestion, Assembly Bill 362, wants to switch up the property tax system to a “land value tax” to push for more building projects.¹ </span> </li> <li> <span> And don't forget the “Split Roll” idea from 2020, which aimed at raising property taxes on businesses, might make a return.¹ </span> </li> </ul> <p> <br/> </p> <p> <span> These changes could mean retail real estate owners like us need to think differently about how we manage our properties. </span> </p> <p> <br/> </p> <p> <span> Fellow property owners, it's essential to stay in the know. Reach out to local reps, join retail real estate forums, and let’s keep the conversation going. Call, Text, or DM me for more information. </span> </p> <p> <br/> </p> <p> <span> How ready are you for these possible changes? </span> </p> <p> <br/> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealEstate" target="_blank"> #RetailRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/Prop13" target="_blank"> #Prop13 </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/CaliforniaLegislation" target="_blank"> #CaliforniaLegislation </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/TaxReform" target="_blank"> #TaxReform </a> <span> <span> </span> </span> </p> <p> <span> <br/> </span> </p> </div> Mon, 30 Oct 2023 17:53:11 GMT https://www.marcperlof.com/retail-real-estate-rumble-are-new-tax-proposals-friend-or-foe thumbnail main image https://www.marcperlof.com/tenant-bankruptcy-the-retail-realty-rollercoaster-you-can-master <div data-rss-type="text"> <p> <span> Hey, Retail Real Estate Rockstars! When a tenant files for bankruptcy and refuses to renew their lease, as Rite Aid has started to do, it may be extremely difficult to navigate the waters of retail real estate. This unexpected turn of events may leave property owners struggling to maintain a consistent income flow and occupied properties. You may, however, hit back with enthusiasm if you have the appropriate information and approach. Here’s the lowdown: </span> </p> <p> <br/> </p> <p> <span> When a tenant rejects a lease due to bankruptcy: </span> </p> <ul> <li> <span> It can lead to a sudden loss of rental income which could affect your ability to cover mortgage payments or other property related expenses. </span> </li> <li> <span> If other prospective renters think the site is less appealing, the vacancy may discourage them. </span> </li> <li> <span> It requires more money to promote the area again and could require renovations to draw in new renters. </span> </li> </ul> <p> <span> What happens to the rent that is owed by the tenant? </span> </p> <ul> <li> <span> Pre-Petition Rent Arrears: The outstanding rent till the date of bankruptcy filing is considered pre-petition debt. This debt is now unsecured, and unfortunately, stands in line possibly behind other creditors, waiting for a slice of whatever assets are liquidated. </span> </li> </ul> <p> <br/> </p> <ul> <li> <span> Post-Petition Rent: Post the bankruptcy filing, if the tenant continues to occupy the space, they are required to pay rent. This portion is considered an administrative claim, generally standing in a higher priority than unsecured claims. </span> </li> </ul> <p> <br/> </p> <p> <span> Now, let’s tackle this with some solid, actionable steps: </span> </p> <ul> <li> <span> Stay Proactive: Keep tabs on your tenants' financial health and be ready to discuss modified lease terms if necessary. </span> </li> <li> <span> Legal Advice: Seek legal counsel to understand your rights and possible recourses in the face of tenant bankruptcy. </span> </li> <li> <span> Restrategize: Assess the market and reposition your property if needed. A fresh coat of paint or a minor remodel could be a game changer. </span> </li> <li> <span> Marketing Magic: Launch a robust marketing campaign to attract new tenants. Highlight the strengths of your location and property features. </span> </li> </ul> <p> <br/> </p> <p> <span> A study by the National Association of Realtors showed that retail vacancies hit a high of 7.5% in 2020, reflecting the economic turmoil of the pandemic.¹ </span> </p> <p> <br/> </p> <p> <span> According to a report by Reis, the average cost to turn over a retail space can range from $10 to $30 per square foot, depending on the extent of renovation required.² </span> </p> <p> <br/> </p> <p> <span> Don’t let a bankruptcy hiccup turn into a long-term setback. With proactive management, legal savvy, and some marketing jazz, you can reposition your asset(s) and continue rocking the retail realm. For a deeper dive into managing such retail realty hurdles, call, text, or DM me. Let’s keep those retail spaces buzzing with activity and profitability! </span> </p> <p> <br/> </p> <p> <span> <span> Ever thought about how a tenant’s financial health mirrors the vitality of your retail real estate? </span> </span> </p> <p> <br/> </p> <p> <span> Always consult with your Attorney or legal counsel regarding a tenant's bankruptcy. </span> </p> <p> <br/> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealEstate" target="_blank"> #RetailRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/PropertyManagement" target="_blank"> #PropertyManagement </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/TenantBankruptcy" target="_blank"> #TenantBankruptcy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealtyRockstars" target="_blank"> #RetailRealtyRockstars </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/CommercialRealEstate" target="_blank"> #CommercialRealEstate </a> </p> <p> <span> <br/> </span> </p> </div> Sat, 28 Oct 2023 17:55:53 GMT https://www.marcperlof.com/tenant-bankruptcy-the-retail-realty-rollercoaster-you-can-master thumbnail main image https://www.marcperlof.com/weekly-retail-real-estate-news-october-27-2023 <div data-rss-type="text"> <h5> <span> <span> DTSM begins search for new security provider </span> </span> </h5> <p> <span> <br/> </span> </p> <p> <span> After the shock announcement that private security firm Covered 6 had pulled out of the contract to patrol the 3rd Street Promenade, the Downtown Santa Monica, Inc. (DTSM) board has voted to move ahead with a Request for Proposal (RFP) from other similar companies. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=e2773d45a0&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=9f7be0cdba&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Vici Strikes $433 Million Deal With Bowling Center Operator Bowlero </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Seeing a match between their strategies, publicly traded entertainment firms Vici Properties and Bowlero have teamed up on a nearly $433 million sale-leaseback deal.Under the agreement, bowling alley owner Bowlero sold 38 of its centers to Vici, an owner of casinos, waterparks, resorts and golf courses. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=beeaf770fd&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=51cc43ca97&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Golden Corral’s Fast-Casual Spinoff is Coming Soon  </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> Golden Corral—known as the biggest and most recognizable buffet chain in America—is just a couple of months away from its debut in the fast-casual segment. The chain’s new spinoff, Homeward Kitchen, is scheduled to open in Southern Pines, North Carolina in December. The restaurant is opening in a former Chick-fil-A building. </span> </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=0537419458&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=7750c4fcf4&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Z Gallerie files for bankruptcy; pins hopes on finding buyer </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Z Gallerie has filed for Chapter 11 bankruptcy protection and is hoping to find a buyer to avoid liquidation. It’s the third bankruptcy filing for the LA-based home furnishings and décor retailer, which previously filed in 2019 and 2009. In the new filing, Z Gallerie noted “severe liquidity constraints” resulting from “underperforming retail stores, adverse macroeconomic trends, and industry specific headwinds.”  The retailer, which one had nearly 60 stores, currently operates 21 locations in nine states and an e-commerce site. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=f1818a54bc&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=aaea6ced8e&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Google opens store, cafe at new center in California </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Google is celebrating its 25th anniversary with the opening of a “Visitor Experience” center that includes its first brick-and-mortar store on the West Coast. Located at the company’s Mountain View headquarters, the 10,000-sq.-ft. center is designed to provide visitors with  an immersive experience that showcases Google as well as the local community. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=0b126b86cb&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=a187d781db&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Uniqlo Planning Big Expansion, Wants To Bring U.S. Store Count To 200 </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> Apparel brand Uniqlo is riding a wave of customer interest in its affordable offerings and plans to dramatically expand its footprint in the U.S. over the next three years. Uniqlo USA CEO Yoshihide Shindo said he aims to have 200 stores in the U.S. by 2027, beauty, fashion and wellness site Glossy reported. Hitting that target would represent a big growth spurt for the company, which has 53 stores nationwide now. </span> </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=4d12a27d68&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=2b1d69d746&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Texas Roadhouse Is America's Most Beloved Sit-Down Restaurant Chain, New Report Says </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> It was already shaping up to be a stellar year for Texas Roadhouse as the chain saw rapid growth and record numbers of visits from its loyal customers. And now, new data only reinforces that Americans' love for Texas Roadhouse runs </span> </span> <span> deep </span> <span> . </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=03e0c30a06&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=af5f7e3c83&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Bank of America, Wells Fargo, JPMorgan Chase To Close Dozens of Branches </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Banks are closing dozens of branches in less desirable areas to cut costs as financial pressure increases from higher interest rates and distressed commercial mortgages on office buildings. Bank of America, Wells Fargo, JPMorgan Chase, U.S. Bancorp and a handful of smaller banks have all recently closed or will soon close branch offices nationwide. The branches set for shutting are located in Atlanta, Dallas, Los Angeles, Phoenix, San Francisco and other large markets. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=1ebe948757&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=66d1ca899d&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Jollibee Embraces Life as a Challenger Brand </span> <span> <br/> </span> <span> <span> <br/> This year, Jollibee—a worldwide fast-food chain founded in the Philippines with roughly 1,300 total locations—is celebrating its 45th anniversary and 25 years in North America. However, head of marketing Luis Velasco describes the concept as a challenger brand. </span> </span> </h5> <p> <span> <br/> </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=ba156884b4&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=a0da22068f&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Fred Segal opens on Montana Avenue </span> </h5> <p> <span> <br/> Iconic Los Angeles fashion brand Fred Segal is returning to Santa Monica with a new store at 1533 Montana Avenue. The retailer announced its new location on social media last week to the surprise and delight of many. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=a5b0d8eae6&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=c647c41ffa&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Rite Aid gets court OK for nearly $3.5B in bankruptcy financing </span> </h5> <p> <span> <br/> Rite Aid’s business portfolio “is burdened by unprofitable stores that it cannot effectively exit absent the tools available in Chapter 11,” Jeffrey Stein, who was appointed CEO and chief restructuring officer immediately upon the Chapter 11 filing, said in court documents. “Those stores challenge the company’s earnings profile, turnaround initiatives, and free cash flow.” Stein stated that Rite Aid has $80 million in annual “dead rent” costs because of its inability to exit underlying leases outside of a Chapter 11. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=e162f29379&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=cdcad6493c&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Popeyes’ Journey from Cult-Favorite to the Mainstream </span> </h5> <p> <span> <br/> It’s been more than four years since Popeyes’ chicken sandwich landed like a meteor. The company fulfilled as many orders in 14 days as it projected over the following month and a half, leading to Popeyes famously running out of supply. Some stores reported serving 1,000 chicken sandwiches per day, and one tweet (the now-infamous challenge to Chick-fil-A) ended up garnering north of 20 billion impressions, according to Ad Age. Or some $220 million worth of media. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=db59608456&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=4297685015&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> <span> Iconic Gladstones restaurant reopens; to remain open at least another two years </span> </span> </h5> <p> <span> <br/> Gladstones restaurant which was scheduled to close last month has been given a reprieve. The iconic restaurant, once the highest grossing eatery in Los Angeles, has reopened under new management and is expected to keep its lease for at least two years. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=af7204ed6b&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=a375d07738&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> Fri, 27 Oct 2023 18:04:51 GMT https://www.marcperlof.com/weekly-retail-real-estate-news-october-27-2023 thumbnail main image https://www.marcperlof.com/tax-nightmare-over-discover-how-this-act-challenges-hefty-measure-ula-taxes <div data-rss-type="text"> <p> <span> Hey, Retail Real Estate Rockstars! In California, owning high priced retail real estate can sometimes cost a lot because of taxes. One such tax is called Measure ULA, which asks for more money when big properties in the City of Los Angeles are sold. But, good news! There's a new law idea called the California Taxpayer Protection Act that might help save some of those dollars. Here’s how: </span> </p> <p> <span> <br/> </span> </p> <ul> <li> <span> Voting Power: This new law wants to make sure that if the government wants more tax money, the people get to vote on it. This way, everyone has a say before more money is asked for from big retail property sales ¹. </span> </li> <li> <span> Stopping Measure ULA: Since Measure ULA didn't get enough "yes" votes, this new law could stop it. This is good for big store owners because they won’t have to pay the extra money from Measure ULA ¹. </span> </li> <li> <span> Clear Rules: The new law wants to make everything clear about when and how much extra money can be asked for. This way, no one gets surprised with extra costs. </span> </li> </ul> <p> <span> <br/> </span> </p> <p> <span> Now, let’s look at some number facts: </span> </p> <ul> <li> <span> Measure ULA takes an extra 4% for properties sold for $5,000,000 - $10,000,000 and 5.5% for $10,000,000+ ². </span> </li> <li> <span> Over 1 million people have said they like the new law idea, showing many people want a say in tax decisions ¹. </span> </li> </ul> <p> <span> <br/> </span> </p> <p> <span> What You Can Do: If you think you own high ticket retail real estate in the City of Los Angeles, it’s good to know about these laws. Talk to people who know a lot about property laws, join local groups, and share what you think with others. Being in the know can help save you money and make fair rules. Call, Text, or DM me to discuss this more. </span> </p> <p> <span> <br/> </span> </p> <p> <span> How can retail property owners come together to make sure taxes are fair? </span> </p> <p> <span> <br/> </span> </p> <p> <span> Always talk to your real estate attorney or tax attorney regarding taxes from Measure ULA. </span> </p> <p> <span> <br/> </span> </p> <p> <span> <span> 1 </span> </span> <a href="https://therealdeal.com/la/2023/02/07/kilroy-realty-backed-ballot-initiative-aims-to-shoot-down-measure-ula/" target="_blank"> https://therealdeal.com/la/2023/02/07/kilroy-realty-backed-ballot-initiative-aims-to-shoot-down-measure-ula/ </a> </p> <p> <span> <span> 2 </span> </span> <a href="https://www.hjta.org/resources/taxpayer-tools/how-to-file-a-claim-for-refund-of-the-measure-ula-tax/#:~:text=In%20November%202022%2C%20City%20of,transfer%20taxes%20for%20special%20purposes" target="_blank"> https://www.hjta.org/resources/taxpayer-tools/how-to-file-a-claim-for-refund-of-the-measure-ula-tax/#:~:text=In%20November%202022%2C%20City%20of,transfer%20taxes%20for%20special%20purposes </a> <span> <br/> </span> </p> </div> Sun, 22 Oct 2023 18:07:37 GMT https://www.marcperlof.com/tax-nightmare-over-discover-how-this-act-challenges-hefty-measure-ula-taxes thumbnail main image https://www.marcperlof.com/weekly-retail-real-estate-news-october-20-2023 <div data-rss-type="text"> <h5> <span> A&amp;G Announces Plan to Sell Certain Company-Owned Store Leases and Properties in Connection with Rite Aid's Financial Restructuring <br/> </span> </h5> <p> <br/> </p> <p> <span> The initial leases and properties are available in private sales, pending court-approval, as part of Rite Aid's financial restructuring process. As it moves through this process, the Company will continue assessing its property footprint and close additional stores to improve its overall financial performance. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=167875d1a9&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=2bdb5b9583&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Rite Aid plans to close over 150 stores after bankruptcy filing: Is yours on the list? </span> </h5> <p> <span> <br/> </span> </p> <p> <span> (NEXSTAR) — More than 150 Rite Aid locations are expected to close after the Rite Aid Corporation filed for Chapter 11 bankruptcy protection earlier this week. As part of the process, Rite Aid expected to close underperforming stores. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=e7fd7bf7df&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=2871797537&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Netflix Announces Plans to Open ‘Netflix House’ Retail Stores </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Netflix, the popular streaming TV service, has announced its plans to open retail stores called “Netflix House” in 2025. These stores will offer fans the opportunity to fully immerse themselves in the worlds of their favorite TV shows, providing a unique and interactive experience. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=ecb89608ba&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=8613e46e50&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Freddy’s to open 60 locations in 2023 </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Freddy’s Frozen Custard &amp; Steakburgers continues to expand in traditional and non-traditional locations. So far in 2023, the quick-service restaurant chain has added more than 70 new development commitments to its pipeline through several franchise development agreements. Freddy’s expects to open more than 60 new locations across the country this year, moving closer to its goal of more than 800 sites by 2026 </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=06dfc9a0a2&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=8829c884dc&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Banks Boost Incentives to Lure Buyers With Office Deals Frozen </span> </h5> <p> <span> <br/> </span> </p> <p> <span> (Bloomberg) -- In a tough market for US commercial real estate, sellers are stepping up efforts to entice buyers before plummeting property values force them to accept deeper discounts. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=54e9c6d4a6&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=76007fc423&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Walgreens To Close 60 VillageMD Clinics as It Cuts $1 Billion in Costs </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Walgreens Boots Alliance joined other pharmacy chains in the past year in shifting its focus from primarily retail to healthcare for guiding future growth and acquisitions. Now it's treating the side effects of that rapid expansion by focusing on profitability with the closing of roughly 60 of its VillageMD healthcare clinics. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=2c5b826286&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=2eda7bac5b&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Walgreens Looks To Close Stores, Exit Markets In Bid To Save $1B </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> As Walgreens Boots Alliance prepares for a new CEO, the pharmacy chain plans to shutter 60 clinics and exit five markets entirely in an effort to shore up costs. Walgreens officials plan to alter store hours based on local market conditions and are focusing on closing unprofitable drugstores, interim CEO Ginger Graham said during a Thursday morning earnings call. </span> </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=74473034d3&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=7d6de6a594&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> SQRL acquires 210 c-stores, bringing total count to 350-plus locations </span> </h5> <h5> <span> <br/> </span> </h5> <p> <span> An emerging c-store player has made a milestone acquisition. Little Rock, Ark.-based gas station and convenience store company SQRL said it has acquired 210 stores throughout the U.S. SQRL did not disclose the name of the seller. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=400974edb4&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=2a17e3187d&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Huey Magoo’s Flourishes in Chicken Tender </span> </h5> <h5> <span> <br/> </span> </h5> <p> <span> <span> Segment </span> </span> <span> <br/> </span> <span> <br/> </span> <span> <span> Andy Howard knows his way around chicken. The current president and CEO of Florida-based chain Huey Magoo’s has been in the poultry business for over 35 years, moving from rotisserie to breast to wing and finally tender. He started with Kenny Rogers Roasters, becoming senior vice president before moving to Ranch One, where he gained experience in marketing, purchasing, research, and development of the chicken industry. </span> </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=33d8525b51&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=db265e53c1&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Ross Stores opens 51 stores, hits 2023 growth target </span> </h5> <p> <span> <br/> Ross Stores has been busy this fall. The off-price apparel and home goods retailer opened 43 Ross Dress for Less (Ross) stores and eight DD’s Discounts outposts across 22 different states in September and October.  With the opening of the new locations, the company has completed its growth plans for fiscal 2023, with the addition of 97 new locations, for a total of 2,112 stores. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=c7d5d2a18e&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=6c8796dff5&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Why Higher Interest Rates May Not Go Away </span> </h5> <p> <span> <br/> </span> <span> <span> Investors hoping for a reprieve after months of short-term interest rate hikes from the Federal Reserve may have longer to wait before rates settle back down amid a rapid ascent in longer-term government bond yields. In fact, the yield on the 10-year Treasury note has climbed an entire percentage point over the past few months and is now at a 16-year high around 4.7%, rattling equity investors and driving a retreat in benchmark stock indices  </span> </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=badbcd206c&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=dc45548d4e&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Inglewood exploring land use, design guidelines near Intuit Dome, SoFi Stadium </span> </h5> <p> <span> <br/> </span> <span> INGLEWOOD, Calif. – The city of Inglewood continues to explore land use and design guidelines near the Inglewood Sports and Entertainment District. The City has enlisted the assistance of Urban Land Institute to assemble a team of experts to assist with evaluating options for the Century Blvd. corridor as it is a major gateway to the City for visitors of the Kia Forum, SoFi Stadium and Intuit Dome. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=7fd31953cf&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=b178725fb4&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Piggly Wiggly could see big growth again in Texas </span> </h5> <p> <span> <br/> Piggly Wiggly is showing signs of a comeback in the state of Texas — and the growth is being attributed to both the recent C&amp;S acquisition deal, as well as the efforts of one independent grocer, reports the Dallas Morning News. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=0a8510234b&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=e2197736cb&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Checkers Changes the Drive-Thru Game Yet Again </span> </h5> <p> <span> <br/> Frances Allen’s first few weeks as CEO of Checkers &amp; Rally’s were exceptionally crucial. Taking on the lead role of an 800-plus-unit company is inherently challenging, but her onboarding process had the unique twist of coming right before the unprecedented global COVID pandemic. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=09dba52f6e&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=362055f2b1&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Best Buy makes another deep dive into at-home healthcare </span> </h5> <p> <span> <br/> Best Buy continues to make inroads into the home healthcare space. The consumer electronics giant said it will soon start selling prescription continuous glucose monitoring systems (CGMs) delivered directly to the customer’s home. It marks the first time that Best Buy will offer prescription-based medical devices. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=d51bfe237e&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=1a9bd9908a&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Target Is Blaming Theft for Store Closures, But Landlords Say Otherwise </span> </h5> <p> <span> <br/> Target Corp. grabbed national headlines last week when it blamed worsening theft for its plan to shut nine stores in four states, feeding into a narrative on the deteriorating state of America’s cities. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=8c8d9ed19e&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=e7f887bf4e&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> Fri, 20 Oct 2023 18:21:34 GMT https://www.marcperlof.com/weekly-retail-real-estate-news-october-20-2023 thumbnail main image https://www.marcperlof.com/from-clicks-to-bricks-unleashing-your-store-s-potential-in-the-netflix-era <div data-rss-type="text"> <p> <span> Hey, Retail Real Estate Rockstars! Guess what? Netflix, the hip online destination for movies and TV shows, is now launching its own physical locations called "Netflix House." For those who own properties where retailers may open, this is excellent news. Here's how to make your location fantastic for Netflix and other online retailers looking to open physical locations: </span> </p> <p> <br/> </p> <p> <span> Making the Most of the Netflix House Party: </span> </p> <p> <span> 1. Beyond Regular Stores: Don't just have a store there; make it more. Consider the enjoyable activities that may take place there, such as games or television programs that convey a story, much as Netflix does online. </span> </p> <p> <span>   </span> </p> <p> <span> 2. Joining Hands with Locals: Join forces with nearby entertainers, eateries, and artists. Make your house a hip space with a contemporary touch that still feels like home. </span> </p> <p> <span>   </span> </p> <p> <span> 3. Get Techy: Make shopping enjoyable and simple by using clever technology. Think of a coffee shop where the order is taken by a robot! </span> </p> <p> <br/> </p> <p> <span> Online Big Shots Coming to Your Street: </span> </p> <p> <span> Netflix is not alone; other big online shops are also thinking about opening real stores: </span> </p> <p> <br/> </p> <p> <span> - Amazon: They already have real stores like Amazon Books and Amazon Go. </span> </p> <p> <span> - Alibaba: They have a supermarket called Hema which is a mix of online and real-life shopping. </span> </p> <p> <span> - Shopify: Known for helping online shops grow, they might open real stores too. </span> </p> <p> <br/> </p> <p> <span> Fun Facts: </span> </p> <p> <span> - People are loving stores where they can have fun experiences, with a 9% increase in such places ¹. </span> </p> <p> <span> - Even though online shopping is popular, 82.5% of shopping is still done in real stores ². </span> </p> <p> <br/> </p> <p> <span> Retail Real Estate Rockstars, make your locations hip and fun for Netflix and other internet behemoths. Your location may become the next big thing if it offers enjoyable activities, local collaborations, and cutting-edge technology. </span> </p> <p> <br/> </p> <p> <span> As big online names come to life in our streets, how will your place join the fun and keep shoppers excited? </span> </p> <p> <span> <span>  </span> </span> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailRockstars" target="_blank"> #RetailRockstars </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/NetflixHouseFun" target="_blank"> #NetflixHouseFun </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/RealStoresCoolStores" target="_blank"> #RealStoresCoolStores </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/TechyShopping" target="_blank"> #TechyShopping </a> </p> <p> <span> <br/> </span> </p> </div> Mon, 16 Oct 2023 18:25:03 GMT https://www.marcperlof.com/from-clicks-to-bricks-unleashing-your-store-s-potential-in-the-netflix-era thumbnail main image https://www.marcperlof.com/retail-real-estate-challenges-win-with-this-advanced-technique <div data-rss-type="text"> <p> <span> Hey Retail Real Estate Rockstars! Here are some challenges of Long-Term Retail Real Estate Ownership for Property Owners and their Solutions </span> </p> <p> <br/> </p> <p> <span> 1. Fixed Rents vs. Market Rents: </span> </p> <ul> <li> <span> Challenge: Long-term leases might be locked in at rates below the current market value. </span> </li> <li> <span> 1031 Solution: Use a 1031 exchange to sell underperforming properties and reinvest in properties with higher rental potential or in areas with rising market rents, deferring capital gains taxes in the process ¹. </span> </li> </ul> <p> <br/> </p> <p> <span> 2. Reduced Flexibility: </span> </p> <ul> <li> <span> Challenge: Being tied to a specific property type or location can limit adaptability. </span> </li> <li> <span> 1031 Solution: If a property no longer aligns with market demands, utilize a 1031 exchange to transition into a more suitable property type or a more promising location, all while deferring taxes ². </span> </li> </ul> <p> <br/> </p> <p> <span> 3. Maintenance and Upkeep: </span> </p> <ul> <li> <span> Challenge: Aging properties can require significant maintenance. </span> </li> <li> <span> 1031 Solution: Instead of continually investing in an aging property, consider using a 1031 exchange to transition into a newer property that requires less upkeep, preserving capital and deferring tax liabilities ³. </span> </li> </ul> <p> <br/> </p> <p> <span> 4. Changing Consumer Behavior: </span> </p> <ul> <li> <span> Challenge: The evolving retail landscape might make some properties less competitive. </span> </li> <li> <span> 1031 Solution: Use a 1031 exchange to transition from properties that no longer align with consumer trends to those that do, such as transitioning from traditional retail spaces to experiential retail or mixed-use properties. </span> </li> </ul> <p> <br/> </p> <p> <span> 5. Economic Fluctuations: </span> </p> <ul> <li> <span> Challenge: Economic downturns can lead to property depreciation. </span> </li> <li> <span> 1031 Solution: If a property is at risk of significant depreciation due to economic factors, a 1031 exchange can be used to move investments to more economically stable areas or into different types of properties that might be more resilient. </span> </li> </ul> <p> <br/> </p> <p> <span> The Bottom Line </span> </p> <p> <span> The 1031 tax-deferred exchange is a powerful tool for property owners to navigate the challenges of long-term ownership. By strategically leveraging this provision, owners can adapt to changing market conditions, optimize their portfolios, and defer significant tax liabilities. </span> </p> <p> <br/> </p> <p> <span> Attention retail real estate property owners! Don't let your investments stagnate. Harness the transformative power of the 1031 exchange to rejuvenate your portfolio, optimize returns, and stay ahead of the curve. Dive in now and discover the magic of tax-smart investing! Call, Text, or DM me for more information. </span> </p> <p> <br/> </p> <p> <span> Have you ever wondered how top real estate moguls continuously upgrade their portfolios without the tax burden? The answer might be simpler than you think! </span> </p> <p> <br/> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealEstate" target="_blank"> #RetailRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/1031Exchange" target="_blank"> #1031Exchange </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/TaxSmartInvesting" target="_blank"> #TaxSmartInvesting </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/AdaptAndProsper" target="_blank"> #AdaptAndProsper </a> </p> <p> <br/> </p> <p> <span>  https://legal1031.com/1031-exchange-resources/the-benefits-of-a-1031-exchange/ </span> </p> <p> <span> 2. https://legal1031.com/1031-exchange-resources/the-benefits-of-a-1031-exchange/ </span> </p> <p> <span> 3. https://legal1031.com/1031-exchange-resources/the-benefits-of-a-1031-exchange/ </span> <span> <br/> </span> </p> </div> Thu, 12 Oct 2023 18:53:05 GMT https://www.marcperlof.com/retail-real-estate-challenges-win-with-this-advanced-technique thumbnail main image https://www.marcperlof.com/ride-the-rate-hike-wave-discover-the-fed-s-next-move-and-your-retail-real-estate <div data-rss-type="text"> <p> <span> Hey, Retail Real Estate Rockstars! The recent jobs report has stirred the waters in the financial realm, paving the way for another potential interest rate hike by the Federal Reserve by year's end. The nonfarm payrolls surged by 336,000 last month, maintaining the unemployment rate at a stable 3.8%. Moreover, wages have been advancing at a modest pace, marking a slight increment of 0.2% last month and 4.2% over the year, the smallest annual rise since 2021 ¹ . The robust labor market signals an economic reacceleration, catching the keen eye of the Fed. Here’s a breakdown of the unfolding scenario and its ripple effects on the retail real estate realm: </span> </p> <p> <br/> </p> <p> <span> Interest Rate Hike on the Horizon: The jobs report has nudged the odds of a year-end interest rate hike from 48% to 56%, as per initial market pricing. This move stems from the Fed’s endeavor to keep inflation in check, which has soared well beyond the 2% target. The lingering concern is that an overheated labor market could fuel inflation even further. </span> </p> <p> <br/> </p> <p> <span> Bond Market Dynamics: The bond market is already reacting to the anticipated moves by the Fed, with longer-term yields escalating. The yield on 30-year Treasury securities surpassed 5% recently, hitting a pinnacle not seen since 2007. </span> </p> <p> <br/> </p> <p> <span> Market Reactions: The potential rate hike is a double-edged sword. On one hand, it's aimed at curbing inflation, but on the flip side, it could apply brakes on economic growth. Retail real estate owners should brace for impact as higher interest rates could potentially escalate borrowing costs, affecting property values and investment returns ² ³. </span> </p> <p> <br/> </p> <p> <span> Retail real estate moguls, it’s time to strategize! Assess your portfolio, explore refinancing options, and consider locking in current rates before they ascend. Engage with financial advisors and retail real estate agents like myself to navigate the shifting tides and ensure your retail properties continue to shine bright in the market landscape. </span> </p> <p> <br/> </p> <p> <span> As we venture into the last quarter, how are you gearing up to mitigate the impacts of a possible interest rate hike on your retail real estate portfolio? </span> </p> <p> <br/> </p> <p> <span> Yahoo Finance: Fed Will Lean Toward Another Rate Hike After Blowout Payrolls¹ </span> </p> <p> <span> LinkedIn: How Fed Interest Rate Decisions Impact Real Estate Investors² </span> </p> <p> <span> HLC Equity: How the Fed’s Interest Rate Hikes Impact Commercial Real Estate³ </span> </p> <p> <br/> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealEstate" target="_blank"> #RetailRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/InterestRateHike" target="_blank"> #InterestRateHike </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/FederalReserve" target="_blank"> #FederalReserve </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/EconomicTrends" target="_blank"> #EconomicTrends </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/RealEstateInvesting" target="_blank"> #RealEstateInvesting </a> </p> <p> <span> <br/> </span> </p> </div> Mon, 09 Oct 2023 18:55:17 GMT https://www.marcperlof.com/ride-the-rate-hike-wave-discover-the-fed-s-next-move-and-your-retail-real-estate thumbnail main image https://www.marcperlof.com/la-s-new-tax-bombshell-how-measure-ula-shakes-up-retail-real-estate <div data-rss-type="text"> <p> <span> Hey, Retail Real Estate Rockstars! Dive into the latest buzz from the LA real estate scene: Measure ULA. If you're a commercial property aficionado, this is the intel you've been waiting for. Let's break down what this means for your empire and how to navigate these new waters. </span> </p> <p> <br/> </p> <p> <span> The ULA Landscape </span> </p> <p> <span> New Tax Alert: Measure ULA introduces a property transfer tax for real estate sales ringing in at $5 million or more in the City of Los Angeles only¹. </span> </p> <p> <br/> </p> <p> <span> Economic Implications: This tax might give potential investors pause, potentially leading to a slowdown in the commercial real estate market. </span> </p> <p> <br/> </p> <p> <span> Legal Challenges: With new regulations come new legal considerations. Owners and developers might explore legal avenues to challenge or navigate this tax. </span> </p> <p> <br/> </p> <p> <span> Better Solutions &amp; Strategies: </span> </p> <p> <span> Tiered Taxation: Think of it as a sliding scale. The tax rate increases progressively with the property's value, offering some relief for properties just over the $5 million mark. </span> </p> <p> <br/> </p> <p> <span> Tax Incentives: Offering tax breaks for those contributing to affordable housing or homelessness initiatives can align with Measure ULA's objectives². </span> </p> <p> <br/> </p> <p> <span> Transparency: Ensuring that the tax revenue is allocated correctly, such as to housing subsidies and tenant protections, can build trust and support for the measure³. </span> </p> <p> <br/> </p> <p> <span> Retail Property Owners, it's time to strategize and adapt. Whether you're looking to buy, sell, or just stay informed, understanding Measure ULA is crucial. Seek expert advice, stay informed, and always be ready for the next move. Call, text, or DM me at anytime. In the dynamic world of real estate, staying ahead of the curve is key! </span> </p> <p> <br/> </p> <p> <span> How will Measure ULA reshape the future of retail real estate in Los Angeles, and how can you turn this change into your next big opportunity? </span> </p> <p> <br/> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealEstate" target="_blank"> #RetailRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MeasureULA" target="_blank"> #MeasureULA </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/LAPropertyInsights" target="_blank"> #LAPropertyInsights </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/RealEstateRockstars" target="_blank"> #RealEstateRockstars </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/CommercialPropertyTrends" target="_blank"> #CommercialPropertyTrends </a> </p> <p> <span> <br/> </span> </p> </div> Sat, 07 Oct 2023 22:28:52 GMT https://www.marcperlof.com/la-s-new-tax-bombshell-how-measure-ula-shakes-up-retail-real-estate thumbnail main image https://www.marcperlof.com/weekly-retail-real-estate-news-october-6-2023 <div data-rss-type="text"> <h5> <span> Banks Pull Back on Commercial Real Estate Lending </span> </h5> <p> <span> <br/> </span> </p> <p> <span> The top 25 banks by assets hold 31% of all commercial real estate loans on bank balance sheets. But in 2016, the growth of commercial real estate loans at large banks began to slow. The combination of increased banking regulations in the wake of the Great Recession, the expansion of non-bank lenders, and further competition from regional banks all led to more tepid loan growth among the top players. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=2308bbb69b&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=dd04641fd1&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> <span> Are Investors About to Win Big With Tractor </span> </span> </h5> <p> <span> <br/> </span> </p> <h5> <span> Supply's New Growth Plan? </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Tractor Supply </span> <span> <span> (TSCO 0.30%) is an interesting retailer. While it is geared toward farming, even selling baby chickens, it isn't exactly focused on full-time farmers. That's partly why it has been able to keep expanding its store base for many years, drawing in both hobby farmers and general consumers. </span> </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=138f10e740&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=23486b4b4b&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> <span> Welcome to the Rise of Drive-Thru-Only </span> </span> </h5> <h5> <span> <br/> </span> </h5> <h5> <span> Restaurants </span> </h5> <p> <span> <br/> </span> </p> <p> <span> One modern marketing strategy tells companies to “meet customers where they are.” That could be amended in the limited-service restaurant industry to “meet customers where they drive.” As the percentage of customers using drive-thru lanes at quick-service and fast-casual restaurants has grown, an increasing number of dining brands of all sizes have considered—and gone forward with—launching drive-thru-centric units, many with pickup options. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=bb25c94f00&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=49fc9d80c8&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Rite Aid gets listing warning from NYSE </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Shares of Rite Aid Corp. fell 2% after hours on Wednesday after the drugstore chain said the New York Stock Exchange notified the company that it is “no longer in compliance” with the exchange’s minimum pricing and valuation standards, following a steep drop for the stock so far this year. The company said that it received the notice on Sept. 28, after its average market value over a 30 trading-day period slipped below $50 million, and after its average closing share price over that period fell below $1. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=bc8a97909f&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=dbb2fef62f&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> For Burger King, a Reset, then a Revival </span> </h5> <p> <span> <br/> </span> </p> <p> <span> In reality, Patrick Doyle’s influence on Burger King began well before his arrival as executive chair last November. It started in mid-May 2021 when Tom Curtis joined after 35 years at Domino’s. Curtis, who started as a store manager, became a franchisee, and eventually served as EVP of corporate operations and U.S. operations and support, had a clear view of Doyle’s blueprint at the pizza giant. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=58e56fa818&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=5b31e3ed24&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> <span> Toys R Us Sets National Roll-Out of Stores, </span> </span> </h5> <p> <span> <br/> </span> </p> <h5> <span> Expansion Into Airports, Cruise Ships </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> Reborn Toys R Us plans to launch a fleet of stores next year across the country, as well as opening retail locations at airports and on cruise ships. The company's parent, New York-based WHP Global, on Friday said it plans to relaunch the brand by rolling out flagship stores nationally starting early next year in partnership with Go! Retail Group, which is headquartered in Austin, Texas. </span> </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=34f071b1fe&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=620e1254a5&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> US Retail Market Thwarted by Its Own Success </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> Retail tenants across the U.S. leased just under 59 million square feet during the second quarter, the lowest amount of total space signed in a quarter in over two years. And while the total amount of space leased is expected to rise as more leases that were signed near the end of the quarter are fully captured, leasing has certainly downshifted across retail property in the past few quarters. </span> </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=c1cb96174d&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=e9387ccf95&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> <span> Gelson’s to debut new store format — at EV </span> </span> </h5> <h5> <span> <br/> </span> </h5> <h5> <span> charging stations </span> </h5> <h5> <span> <br/> </span> </h5> <p> <span> <span> The specialty grocer, which operates 27 stores throughout Southern California, is partnering with electric vehicle-charging station developer Rove to provide food and beverage services at its new charging stations. Rove plans to build six locations in Southern California beginning this year, with 20 stations planned by 2026. </span> </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=2e847a4df4&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=c55c8ad1ab&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> <span> Controversy surrounds Covered 6 contract cancellation </span> </span> <span> <br/> </span> <span> <br/> </span> <span> Following Thursday night’s shock announcement that private security company Covered 6 has withdrawn from its contract to patrol the Downtown and Promenade districts, City officials and Downtown Santa Monica, Inc. (DTSM) board members reacted with shock and bewilderment. </span> </h5> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=e93ee8287e&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=3a70536e12&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> If You Need 100 Car Chargers Right Now, You’re Already Behind The EV Revolution </span> </h5> <h5> <span> <br/> </span> <span> Krispy Kreme executives in February said Insomnia Cookies, a brand it acquired in 2018, had room for more than 4,000 locations. It just appears that result will be driven by somebody else. The company on Tuesday shared it’s exploring strategic alternatives for the dessert brand, including a potential all-cash sale. </span> </h5> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=6b861ae76c&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=1e1be6cb02&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Restaurants, Movie Theaters Expected To See Uptick This Holiday Season </span> </h5> <p> <span> <br/> </span> <span> Restaurants and other retail venues such as movie theaters have reason to celebrate this holiday season: Americans say they intend to boost their spending on experiences in the festive period rather than just buying gifts. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=e90445f8e0&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=a0f69403e8&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> California Gov. Gavin Newsom Signs Fast-Food Wage Bill into Law </span> </h5> <p> <span> <br/> </span> <span> California Gov. Gavin Newsom signed a bill into law (AB 1228) Thursday that will raise the state's minimum wage to $20 for fast-food workers starting in April. The move comes a little more than two weeks after foodservice representatives and labor groups reached a compromise to kill the Fast Act, which was scheduled to go on the 2024 ballot as a referendum. Signed into law by Newsom last year. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=c1dff759fe&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=1537c452b6&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> Fri, 06 Oct 2023 22:40:03 GMT https://www.marcperlof.com/weekly-retail-real-estate-news-october-6-2023 thumbnail main image https://www.marcperlof.com/from-fries-to-finances-how-ca-s-wage-hike-might-stir-the-retail-rent-pot <div data-rss-type="text"> <p> <span> Hey, Retail Real Estate Rockstars! Something big is happening in California, and I want to tell you all about it. Let's get started: </span> </p> <p> <br/> </p> <p> <span> More Money for Fast Food Workers: Did you know that fast food workers in California will now get $20 for every hour they work¹? Right now, they get $15.50, but soon it will be $16², and then $20 in April, 2024². That's a big jump! </span> </p> <p> <br/> </p> <p> <span> <span> Lots of Workers Benefit: Think about this: there are over 550,000 people working in fast food places in California³. With the new pay, they can earn more in a year. </span> </span> </p> <p> <br/> </p> <p> <span> What This Means for Fast Food Places: When workers get more money, the places they work at have to spend more. If a fast food place spends $249,000 in a year, paying a worker more can add up. This might change how these places do things. </span> </p> <p> <br/> </p> <p> <span> The Retail Real Estate Implication: With a substantial wage increase, we're looking at a potential boost in consumer spending. But it's a double-edged sword. While there's more money circulating, fast-food chains might need to recalibrate their operations, which could affect their rental commitments. </span> </p> <p> <br/> </p> <p> <span> Your Move, Retail Moguls: This is a metamorphosis rather than just a fad. It's vital for business leaders in retail real estate to foresee these changes, reassess tenant relationships, and plan ahead for a day when the rules of retail will have changed. </span> </p> <p> <br/> </p> <p> <span> Engage with Us: How do you envision this wage revolution reshaping California's retail scene? Share your insights, and let's navigate this new era together. </span> </p> <p> <br/> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/BigChanges" target="_blank"> #BigChanges </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MoreMoney" target="_blank"> #MoreMoney </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/CaliforniaNews" target="_blank"> #CaliforniaNews </a> </p> <p> <br/> </p> <p> <span> 1: [time.com - Fast Food Workers in California Get $20 an Hour]( </span> <a href="https://time.com/6318512/california-minimum-wage-fast-food-workers/" target="_blank"> https://time.com/6318512/california-minimum-wage-fast-food-workers/ </a> <span> ) </span> </p> <p> <span> 2: [cnn.com - More Money for Fast Food Workers in California]( </span> <a href="https://www.cnn.com/2023/09/28/business/california-fast-food-law/index.html" target="_blank"> https://www.cnn.com/2023/09/28/business/california-fast-food-law/index.html </a> <span> ) </span> </p> <p> <span> 3: [reuters.com - California Gives More Money to Fast Food Workers]( </span> <a href="https://www.reuters.com/business/retail-consumer/california-fast-food-workers-earn-minimum-20-an-hour-under-new-law-2023-09-28/" target="_blank"> https://www.reuters.com/business/retail-consumer/california-fast-food-workers-earn-minimum-20-an-hour-under-new-law-2023-09-28/ </a> <span> ) </span> </p> <p> <span> <br/> </span> </p> </div> Mon, 02 Oct 2023 22:43:12 GMT https://www.marcperlof.com/from-fries-to-finances-how-ca-s-wage-hike-might-stir-the-retail-rent-pot thumbnail main image https://www.marcperlof.com/weekly-retail-real-estate-news-september-29-2023 <div data-rss-type="text"> <h5> <span> <span> Could a Marina del Rey freeway become a park? </span> </span> </h5> <p> <span> <br/> </span> </p> <p> <span> The 90-freeway in Marina Del Rey is a vestigial roadway left over from a bygone era’s freeway expansion boom and like an appendix or wisdom teeth, a new group thinks the community would be better if it were removed. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=1e28dce8d9&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=a284454a37&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Pie Five to Test Pizza Inn as Virtual Brand <br/> </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> Fast casual Pie Five, the pizza concept inspired by Chipotle, is receiving help from sister chain Pizza Inn to build volume in its kitchens. The brand plans to package Pizza Inn as a virtual concept in five locations. Brandon Solano, CEO of parent company RAVE Restaurant Group, said the pilot will "leverage Pizza Inn’s 'latent brand equity' in areas without Pizza Inn coverage to drive volume and four-wall economics." The test will start during the company's second quarter, which is during the fall season. </span> </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=3a8d85147e&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=edcfddb3b6&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Costco delivers strong Q4; to open nine U.S. clubs in Q1 </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> Costco Wholesale Corp. beat estimates for its top and bottom lines as rising store traffic helped make up for a decrease in its average transaction. Sales were impacted by weakness in spending on big-ticket items and discretionary purchases. But one high-ticket item is selling out fast: 24K </span> </span> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=72cb84eee2&amp;e=e51f618df5" target="_blank"> gold bars. </a> <span>    On the company's earnings call, CFO Richard Galanti said that Costco has been selling one-ounce gold bars. The bars, which are only available online, are limited to two per member. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=c7a3dff368&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=40892c25df&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Ollie’s Bargain Outlet to support growth with new distribution center </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Ollie's Bargain Outlet Holdings Inc. has big plans for expansion in the Midwest.The close-out retailer is in the process of building a 615,000 -sq.-ft. distribution center in Princeton, Ill with ARCO Design Build. Scheduled to open in 2024, the new distribution center is a part of Ollie's nationwide expansion efforts to open more than 1,050 stores and will specifically enable it to enter new states in the Midwest market. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=f7adbfc066&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=8511090705&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> The Fresh Market named best grocery store in America by USA Today </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> The Fresh Market has once again been named the “Best Grocery Store in America” by USA Today. The honor is a part of USA Today’s “10Best Readers’ Choice Awards.” A panel of local experts and contributors nominated their favorite American grocery stores based on value, selection, and service. </span> </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=b8bdb21943&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=596161fa89&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Dick’s closing all but three Moosejaw stores amid integration with Public Lands </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> Dick’s Sporting Goods is doing some internal realigning — and store closings.The sporting goods giant will close 11 of Moosejaw’s 15 stores, with locations in Birmingham, Mich.; Salt Lake City, Utah, and Bentonville, Ark., remaining open. According to the </span> </span> <span> Detroit Free Press </span> <span> <span> , the stores, along with Moosejaw’s headquarters in Madison Heights, Mich., will go dark in February 2024. </span> </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=9efbad5422&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=cd47e61635&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Rite Aid, bracing for bankruptcy, will close hundreds of stores </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> Rite Aid is getting ready to close hundreds of stores as it gets ready to file for bankruptcy, reports the </span> </span> <span> <span> Wall Street Journal. </span> </span> <span> The Philadelphia-based retailer has over 2,100 locations, and the ones which are not closed will either be sold or taken over by creditors. It’s speculated that as many as 500 stores could be closed. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=1a395e0469&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=545ee04715&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Bankrupt Burger King Franchisee Sells 70 Restaurants </span> </h5> <h5> <span> <br/> </span> </h5> <p> <span> Burger King franchisee Meridian Restaurants Unlimited sold a majority of its restaurants out of bankruptcy months after filing for court proceedings due to COVID pressures.The company had 120 restaurants when it entered bankruptcy in March. At the time of the auction—which occurred this month—it had 91 stores. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=137014e67d&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=4c1057aee1&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Starbucks Opens First Airport-Based Pickup Unit </span> <span> <br/> </span> <span> <br/> </span> <span> <span> Starbucks is about to make ordering a lot more convenient for busy Houston travelers. In partnership with airport hospitality group OTG, the beverage giant will open its first airport-based pickup-only concept in Terminal E of the George Bush International Airport. It's going to exclusively take mobile orders through Starbucks' app. When doing so, customers can either enable location services or manually select IAH Terminal E to start the process. When the order status updates to "ready," guests can swing by to grab their items without waiting in line. </span> </span> </h5> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=721b1124bc&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=360797cf19&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Bowling Center Owner Looks To Score Sale-Leaseback Deals </span> </h5> <p> <span> <br/> </span> <span> Bowlero, one of the country’s largest owners and operators of bowling alleys, is considering possible sale-leaseback deals to finance further expansion, the company disclosed in its year-end earnings call late last week.That strategy was exemplified this week as it closed the acquisition of 14 bowling centers from Lucky Strike Entertainment for about $90 million. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=ed712b1da0&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=abcd44519a&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> Sat, 30 Sep 2023 22:55:18 GMT https://www.marcperlof.com/weekly-retail-real-estate-news-september-29-2023 thumbnail main image https://www.marcperlof.com/retail-real-estate-owners-you-won-t-believe-what-s-next <div data-rss-type="text"> <p> <span> Retail Resilience Taking Over Despite Headwinds </span> </p> <p> <br/> </p> <p> <span> Hey, Retail Real Estate Rockstars, the idea of resilience has become a distinguishing trait in the constantly changing world of retail. The retail sector continues to show amazing resilience and adaptation despite a variety of obstacles and headwinds. We at the Marc Perlof Group have seen firsthand how retailers are overcoming obstacles and reshaping the direction of the business. In this article, we examine the tactics used by resilient retailers to survive in a market that is always shifting. </span> </p> <p> <br/> </p> <p> <span> Understanding the Challenges </span> </p> <p> <br/> </p> <p> <span> It is critical to recognize the problems created by the headwinds before we examine the retail sector's resiliency. Retailers face a wide range of challenges that call for creative solutions, from the growth of e-commerce titans to changing customer tastes. </span> </p> <p> <br/> </p> <p> <span> E-commerce Disruption: Brick-and-mortar shops have to adjust their strategy to be competitive in the face of the expansion of online shopping platforms. The simplicity and convenience of online purchasing have drawn customers, encouraging established shops to look for new development opportunities. </span> </p> <p> <br/> </p> <p> <span> Changing Consumer Behavior: With an increased focus on sustainable practices and experience purchasing, consumer preferences have changed. Retailers must change to meet these changing consumer needs and provide individualized experiences that appeal to their target market. </span> </p> <p> <br/> </p> <p> <span> Pandemic and Economic Uncertainty: Retail has not been exempt from the damage caused by the worldwide pandemic in other sectors of the economy. Consumer purchasing has been hurt by lockdown procedures, supply chain interruptions, and economic uncertainty, forcing shops to make quick changes. </span> </p> <p> <br/> </p> <p> <span> Strategies for Retail Resilience </span> </p> <p> <br/> </p> <p> <span> Despite these difficulties, retailers have shown they have the resilience to recover and thrive. They have tapped into the potential of resilience via the use of creative solutions. Let's get more into a few of these tactics: </span> </p> <p> <br/> </p> <p> <span> Embracing Omnichannel Retailing: Integrating both in-store and online buying is important, according to resilient retailers. They develop a coherent omnichannel strategy by skillfully fusing the advantages of e-commerce with the tangible experiences of brick-and-mortar locations. They can satisfy the various demands and preferences of consumers thanks to this strategy. </span> </p> <p> <br/> </p> <p> <span> Personalization and Customer Insights: Building a strong retail business requires a thorough understanding of the preferences of the customers. Successful retailers are able to anticipate and meet the changing demands of their target audience by utilizing advanced analytics and consumer data. They develop solid and enduring consumer connections by providing individualized advice and customized experiences. </span> </p> <p> <br/> </p> <p> <span> Innovation and Technology Adoption: By continually accepting and implementing new technology, resilient retailers keep one step ahead of the competition. These shops use technology to improve consumer interaction and optimize operations, from augmented reality in-store experiences to frictionless payment options. They may differentiate themselves in a congested market thanks to such creative activities. </span> </p> <p> <br/> </p> <p> <span> Sustainable Practices and Ethical Branding: Retailers must connect their principles with the needs of socially conscious consumers as conscious consumerism grows. Sustainability, ethical sourcing, and environmental responsibility are priorities for resilient retailers. They promote themselves as dependable partners for ethical customers by implementing transparent business practices and ethical branding. </span> </p> <p> <br/> </p> <p> <span> Collaborative Partnerships: Resilience in a globally linked society depends on teamwork. Retailers are increasingly developing strategic alliances with key players in the business, technology suppliers, and even rivals. They may overcome obstacles and seize new development possibilities by pooling their knowledge and resources. </span> </p> <p> <br/> </p> <p> <span> The Future of Resilient Retail </span> </p> <p> <br/> </p> <p> <span> Looking ahead, it is clear that the sector will continue to be shaped by retail resilience. Every obstacle presents a chance for creativity, growth, and adaptability. Retailers that practice perseverance will not only endure hardships, but also prosper. </span> </p> <p> <br/> </p> <p> <span> On of our goals at Marc Perlof Group is to provide retail property owners with the information, resources, and insights required to build resilience. We want to help our retail real estate owners succeed by remaining on top of market developments, offering innovative solutions, and promoting teamwork. </span> </p> <p> <br/> </p> <p> <span> Now, consider this: In the ever-changing landscape of retail, what will be your defining strategy for resilience and growth? </span> </p> <p> <br/> </p> <p> <span> Ready to embark on your journey toward retail resilience and success? Contact Marc Perlof Group today, and let us be your trusted partner in achieving your retail real estate objectives. </span> </p> <p> <br/> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailResilience" target="_blank"> #RetailResilience </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/FutureOfRetail" target="_blank"> #FutureOfRetail </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/RetailInnovation" target="_blank"> #RetailInnovation </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/SustainableRetail" target="_blank"> #SustainableRetail </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/CollaborativePartnerships" target="_blank"> #CollaborativePartnerships </a> </p> <p> <span> <br/> </span> </p> </div> Fri, 29 Sep 2023 18:42:02 GMT https://www.marcperlof.com/retail-real-estate-owners-you-won-t-believe-what-s-next thumbnail main image https://www.marcperlof.com/interest-rates-in-retail-real-estate-what-the-2024-election-means-for-you <div data-rss-type="text"> <p> <span> Hey, Retail Real Estate Rockstars! </span> </p> <p> <br/> </p> <p> <span> Ever wondered if the political whirlwind of an election year could stir up the retail real estate waters? Let's unravel this mystery and dive into the world of interest rates and their impact on our market. </span> </p> <p> <br/> </p> <p> <span> Election Year vs. Non-Election Year: Here's a tidbit that might surprise you: The average 10-year treasury rate during election years was 5.63%. But during non-election years? A close 5.68%. That's right, the difference is teeny-tiny! </span> </p> <p> <br/> </p> <p> <span> The "Normal" Rate Rollercoaster: Depending on when you hopped onto the retail real estate ride, your perspective on "normal" interest rates might vary. But, for some perspective, the long-term average for the 10-year treasury stands at 5.6%. And where are we now? A comfy 4.25%, which is lower than the historical average! </span> </p> <p> <br/> </p> <p> <span> Retail Real Estate's Rhythmic Dance: With the current interest rates, our market is swaying to a recalibration beat. But fear not! This just means we're adjusting our dance steps. And with a growing crowd eyeing commercial real estate, our dance floor (read: capital) is expanding. This suggests our cap rates will soon find their perfect rhythm. </span> </p> <p> <br/> </p> <p> <span> <span> Attention Retail Real Estate Owners! </span> </span> </p> <p> <br/> </p> <p> <span> It's time to harness these insights and plan your next move. Stay updated with market trends, and remember, being informed is your superpower. If you're pondering over your retail space's potential or just want some market chit-chat, give us a shout! Together, let's navigate these exhilarating times. </span> </p> <p> <br/> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealEstate" target="_blank"> #RetailRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/InterestRateInsights" target="_blank"> #InterestRateInsights </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/ElectionYearReveal" target="_blank"> #ElectionYearReveal </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/RealEstateRockstars" target="_blank"> #RealEstateRockstars </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarketMysteries" target="_blank"> #MarketMysteries </a> </p> <p> <span> <br/> </span> </p> </div> Mon, 25 Sep 2023 18:45:39 GMT https://www.marcperlof.com/interest-rates-in-retail-real-estate-what-the-2024-election-means-for-you thumbnail main image https://www.marcperlof.com/retail-theft-s-shocking-impact-on-your-favorite-stores <div data-rss-type="text"> <p> <span> Hey, Retail Real Estate Rockstars! </span> </p> <p> <br/> </p> <p> <span> Have you ever heard about things getting stolen from stores? It's a big problem! Let's talk about why this is a big deal and what it means for our favorite shopping spots and the people who own them. </span> </p> <p> <br/> </p> <p> <span> Why is Stealing Bad for Stores? </span> </p> <p> <br/> </p> <p> <span> When someone steals from a store, it's not just about the missing stuff. Here's what happens: </span> </p> <p> <br/> </p> <p> <span> Shoppers Feel Weird: If a store has a lot of theft, they might put up more cameras or guards. This can make shoppers feel like they're being watched all the time, and it's not fun! </span> </p> <p> <br/> </p> <p> <span> Stores Might Have Less Cool Stuff: If things keep getting stolen, stores might not want to keep the coolest or most expensive items on the shelves. That means we might miss out on some awesome stuff! </span> </p> <p> <br/> </p> <p> <span> Things Might Get Pricier: If a store loses a lot of items to theft, they might raise their prices to make up for it. That means we might have to pay more! </span> </p> <p> <br/> </p> <p> <span> How Does This Affect the People Who Own the Buildings? </span> </p> <p> <br/> </p> <p> <span> If stores in a building face a lot of theft, the person who owns the building might have problems too. They might get less rent money because stores might not make as much profit or might even leave. Plus, if theft keeps happening, the cost of insurance for the building might go up. Insurance is like a safety net that helps cover costs if something bad happens. But if bad things keep happening, like theft, the cost of that safety net gets higher. </span> </p> <p> <br/> </p> <p> <span> What About Online Shopping? </span> </p> <p> <br/> </p> <p> <span> Even though we're talking about physical stores, online shops have problems too. They deal with fake orders or people trying to cheat the system. But when something is stolen from a store in person, it can hurt them a lot, especially if they're a small shop. </span> </p> <p> <br/> </p> <p> <span> How Can We Help? </span> </p> <p> <br/> </p> <p> <span> Stores are trying to stop theft by: </span> </p> <p> <br/> </p> <p> <span> Using Cool Tech: Some stores have smart cameras and tags that can tell if something's being stolen. </span> </p> <p> <br/> </p> <p> <span> Teaching Their Workers: Store workers learn how to spot and stop theft. </span> </p> <p> <br/> </p> <p> <span> Working Together: Stores talk to each other and the police to share tips and keep everyone safe. </span> </p> <p> <br/> </p> <p> <span> A Note to People Who Own Stores </span> </p> <p> <br/> </p> <p> <span> If you own a store, it's good to work with other stores and make sure your place is safe and fun for shoppers. When your store is safe and has cool stuff, more people will want to shop there! </span> </p> <p> <br/> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/ShopSafe" target="_blank"> #ShopSafe </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/NoMoreTheft" target="_blank"> #NoMoreTheft </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/FunShopping" target="_blank"> #FunShopping </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/StoreSecrets" target="_blank"> #StoreSecrets </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/ShopSmart" target="_blank"> #ShopSmart </a> </p> <p> <span> <br/> </span> </p> </div> Fri, 22 Sep 2023 18:47:18 GMT https://www.marcperlof.com/retail-theft-s-shocking-impact-on-your-favorite-stores thumbnail main image https://www.marcperlof.com/weekly-retail-real-estate-news-september-22-2023 <div data-rss-type="text"> <h5> <span> The Fed Maintains Its Wait-and-See Stance </span> </h5> <p> <span> <br/> </span> </p> <p> <span> The Federal Reserve’s policy-setting committee on Wednesday voted to leave its policy rate unchanged, suggesting that the economy is moving in the right direction and inflation impulses are easing. The decision leaves the overnight lending target rate for banks at between 5.25% and 5.5%, which the Fed believes is restrictive territory or a level that constrains economic growth.The last time the committee raised rates was at its July meeting. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=fe9852cb6b&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=8d6747afe5&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Portillo's Bolsters Growth Projections to 920 Restaurants </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> Portillo's has been around for six decades, but no era in the company's history matches up to its current growth trajectory. At a minimum, the brand said it has room for 920 U.S. stores, a more than 50 percent increase above its previous projection of 600. This larger whitespace projection calls for 120 drive-thru-only units and urban-based walk-up locations. These outlets would only appear in markets with six to eight full-scale Portillo's locations. The brand foresees additional alternative formats in airports, college campuses, and overseas. </span> </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=5299b5995f&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=1738f6d2b6&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Beverly Hills Seeks To Eliminate Confusion Over Retail Image </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> An attempt to create an elegant image for luxury retail real estate in Beverly Hills, California, can cause confusion, real estate professionals say, potentially creating the appearance of a lack of property demand in the home to wealthy celebrities and corporate CEOs. Online news stories and social media posts have claimed that some shops and restaurant spaces around famed Rodeo Drive are empty or boarded up due to perceived theft issues. </span> </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=2920c93b36&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=52a3d0666e&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> First Look: Walmart opens its first-ever pet services center </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> Walmart’s transparent, affordable health care model is going to the dogs. Literally. In a pilot that expands its traditional pet supplies business, the retail giant has opened its first-ever dedicated Pet Services center, in the Atlanta suburb of Dallas, Ga. It’s located in the same store where Walmart opened the doors to its first walmart health center in 2019. </span> </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=ba74fc9f1e&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=2e688076f2&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Inside Jack in the Box’s Franchise Revival </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> Salt Lake City is Jack in the Box’s first new market in over 10 years and marks the first step in an aggressive expansion effort. The 72-year-old legacy chain is making significant progress on its push to reignite franchise growth nationwide. </span> </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=ff33d67a09&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=0b3917671a&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Nontraditional Site Competition Heats Up in Fast Food </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> Sbarro CEO David Karam knows how to capture an impulse occasion. It starts with igniting the senses and creating a craving, then satisfying it with a slice of New York-style pizza. That’s how the chain became the quintessential food court operator synonymous with mall culture back in the early 2000s. </span> </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=1c40c3762d&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=42354a86c2&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> The 24 Fastest-Growing Fast-Food Chains in America </span> </h5> <p> <span> <br/> </span> </p> <p> <span> As brands seek growth, they're still dealing with equipment issues, permitting delays, and a potential recession. All of there factors are under deep consideration as chains pick and choose real estate. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=3db9dba29f&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=832c5fad16&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Chicago Studies Possibility of City-Owned Grocery Store </span> </h5> <h5> <span> <br/> </span> </h5> <p> <span> <span> The city of Chicago said it is partnering with a national nonprofit organization to explore the feasibility of opening a city-owned grocery store in an underserved area of Chicago. Chicago would be the first major U.S. city to open a municipally owned grocery store to address food inequity, according to a statement from the office of Chicago Mayor Brandon Johnson. </span> </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=47b64b8f5f&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=b14f08ed83&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> 6 Shifting Consumer Trends Affecting Quick-Service Restaurants </span> <span> <br/> </span> <span> <br/> </span> <span> <span> Consumers’ preferences are shifting like never before, due to a variety of societal and economic dynamics. How can quick-service restaurants adjust to maintain—and potentially increase—foot traffic during these transformative times? The first step is to gain awareness of the consumer mindset, and then develop a strategy to add value and growth. </span> </span> </h5> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=adde0417c1&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=0b8fc671ef&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Birkenstock files for IPO </span> </h5> <p> <span> <br/> </span> <span> An iconic, German-made footwear brand with a devoted global fan base has filed to go public in the U.S. Birkenstock, which was founded some 250 years ago, has filed for an initial public offering. The company, whose filing didn’t how many shares it will list or a price range, plans to list on the New York Stock Exchange under the ticker symbol BIRK. The IPO could be valued at more than $8 billion, according to Bloomberg. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=e7ee643a5d&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=e3b77e0abc&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> L.A.'s Thriving Sycamore District Is Home to Beyonce's Management, SiriusXM, Top Restaurants and a Record Store </span> </h5> <p> <span> <br/> </span> <span> Los Angeles has a new, hidden hub of music, art, retail and restaurants frequented by some of the biggest stars in music who are increasingly lured to the area by industry staples including SiriusXM, Jay-Z’s Roc Nation, Beyoncé’s Parkwood Entertainment, Kobalt Music Group, recording studio Record Plant and, soon, Sony Music Publishing. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=86a49fd998&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=b445857a09&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Growth-Minded Freddy’s Keeps the Focus on Franchisees </span> </h5> <p> <span> <br/> </span> <span> <span> Freddy’s Frozen Custard &amp; Steakburgers has added more than 100 commitments to its growth pipeline this year already. That after just shy of 130 last year and 117 the calendar before. As one of </span> </span> <span> QSR’s </span> <span> <span> Franchise Council members phrased it recently, “this quiet success story from the Midwest” has left its low profile behind. But how and why the burger brand charted rapid growth during an era of delays, surging inflation, and the continued recovery of the sector out of COVID, trails back to the origin, says Chris Dull, CEO and president, who took over the top post in May 2021. </span> </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=ac59e343c1&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=be0895d810&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> No Fred Meyer stores are included in Kroger, Albertsons deal with C&amp;S </span> </h5> <p> <span> <br/> </span> <span> <span> Kroger and Albertsons agreed to sell hundreds of stores to C&amp;S Wholesale Grocers as part of a divestiture plan for their proposed $24.6 billion merger, but the deal will not include any Fred Meyer stores, reports the </span> </span> <span> Oregonian </span> <span> . Instead, Kroger will sell stores from their QFC chain — in addition to some Albertsons Safeway banners — in an attempt to alleviate competitive concerns in the Northwest Region. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=a8844e4fa2&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=01f327be9b&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> Fri, 22 Sep 2023 18:04:24 GMT https://www.marcperlof.com/weekly-retail-real-estate-news-september-22-2023 thumbnail main image https://www.marcperlof.com/retail-real-estate-boom-how-fed-s-steady-rates-could-spark-a-surge <div data-rss-type="text"> <p> <span> Hey, Retail Real Estate Rockstars! Guess what? The Federal Reserve, led by Chair Jerome Powell, just dropped some major news at the Economic conference on September 20, 2023. And guess what? This could be BIG for us in the retail real estate world. Let's dive in! </span> </p> <p> <br/> </p> <p> <span> The Federal Reserve has decided to keep interest rates steady. Now, you might be thinking, "What does that have to do with my retail real estate?" Well, a lot actually! </span> </p> <p> <br/> </p> <p> <span> Here's the scoop: </span> </p> <p> <br/> </p> <p> <span> Stable Interest Rates: When interest rates are steady, it means borrowing money remains predictable. This can encourage businesses to take out loans and expand – maybe even into your retail spaces! </span> </p> <p> <br/> </p> <p> <span> Economic Indicators: Powell mentioned a real Gross Domestic Product ("GDP") growth rate of 2.1% for this year and a slight slowdown to 1.5% next year. But with a strong labor market and an unemployment rate of just 3.8%, consumers might have more money to spend. And where do they spend? Retail shops! </span> </p> <p> <br/> </p> <p> <span> Policy Considerations: The Fed's decision to keep things steady shows they believe the economy is on the right track. This stability can boost confidence among retailers and consumers alike. </span> </p> <p> <br/> </p> <p> <span> So, what's the bottom line for us retail real estate mavens? With the Fed's decision, we might see increased demand for retail spaces as businesses look to capitalize on a stable economy. And when demand goes up, so do property values! </span> </p> <p> <br/> </p> <p> <span> Retail Real Estate Property Owners, Listen Up! </span> </p> <p> <span> Now's the time to evaluate your properties and consider how you can maximize their potential. Whether it's sprucing up a space or considering a new lease, the steady interest rates could mean big opportunities are on the horizon. Don't miss out! </span> </p> <p> <br/> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealEstate" target="_blank"> #RetailRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/FedDecision" target="_blank"> #FedDecision </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/JeromePowell" target="_blank"> #JeromePowell </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/InterestRates" target="_blank"> #InterestRates </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/RealEstateBoom" target="_blank"> #RealEstateBoom </a> </p> <p> <span> <br/> </span> </p> </div> Thu, 21 Sep 2023 18:50:20 GMT https://www.marcperlof.com/retail-real-estate-boom-how-fed-s-steady-rates-could-spark-a-surge thumbnail main image https://www.marcperlof.com/tiktok-s-retail-revolution-how-it-s-shaking-up-your-property-value <div data-rss-type="text"> <p> <span> Hey Retail Real Estate Rockstars! If you've been keeping up with the latest retail news, you've probably heard about TikTok's recent e-commerce launch in the US, TikTok Shop. This move by the social media giant, as reported by Chain Store Age, is set to shake up the retail landscape. Let's dive deep into what this means for retail property owners. </span> </p> <p> <br/> </p> <p> <span> TikTok, primarily known for its short-form video content, has ventured into the e-commerce space in the US. The platform aims to leverage its massive user base to drive sales and offer a seamless shopping experience. Brands will be able to showcase their products directly within the app, allowing users to shop without leaving the platform. </span> </p> <p> <br/> </p> <p> <span> Potential Impact on the Retail Landscape: </span> </p> <p> <span> TikTok's e-commerce venture is a testament to the growing convergence of social media and online shopping. With its vast user base, especially among younger demographics, TikTok can potentially revolutionize the way people shop. This could lead to a shift in consumer behavior, with more people opting for in-app purchases rather than visiting physical stores. </span> </p> <p> <br/> </p> <p> <span> Impact on Retail Real Estate Sales: </span> </p> <p> <span> While e-commerce has been a challenge for brick-and-mortar stores, TikTok's venture might present a unique twist. Brands might seek physical spaces not just to sell, but to create content for their TikTok channels. Think of it as experiential retail spaces that double up as content creation hubs. This could lead to a demand for versatile retail spaces that cater to both sales and content production. </span> </p> <p> <br/> </p> <p> <span> Retail property owners, it's time to adapt and innovate! Consider redesigning or repurposing your spaces to cater to brands looking for experiential retail hubs. Stay ahead of the curve by understanding the digital trends and integrating them into your real estate strategy. Remember, in the ever-evolving world of retail, flexibility and foresight are key. </span> </p> <p> <br/> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/TikTokRetail" target="_blank"> #TikTokRetail </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/EcommerceEvolution" target="_blank"> #EcommerceEvolution </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealEstate" target="_blank"> #RetailRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/ExperientialRetail" target="_blank"> #ExperientialRetail </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/DigitalTrendsInRealEstate" target="_blank"> #DigitalTrendsInRealEstate </a> </p> <p> <span> <br/> </span> </p> </div> Mon, 18 Sep 2023 18:53:04 GMT https://www.marcperlof.com/tiktok-s-retail-revolution-how-it-s-shaking-up-your-property-value thumbnail main image https://www.marcperlof.com/inherit-sell-or-1031-exchange-the-ultimate-showdown <div data-rss-type="text"> <p> <span> Hey Retail Real Estate Rockstars! Ever wondered what to do with that inherited property? Should you keep it, sell it, or opt for a 1031 tax-deferred exchange? Let's break it down! </span> </p> <p> <span> <br/> </span> </p> <p> <span> Hold It: If the property is in a booming area, holding might be your golden ticket. You'll get rental income and potential appreciation. </span> </p> <p> <span> <br/> </span> </p> <p> <span> Sell It: Need cash now? Selling gives you a lump sum, but watch out for capital gains tax! </span> </p> <p> <span> <br/> </span> </p> <p> <span> 1031 Exchange: This is the taxman's kryptonite! Swap your property for another "like-kind" property and defer those pesky capital gains taxes. </span> </p> <p> <span> <br/> </span> </p> <p> <span> <span> Want to maximize your ROI and minimize your tax headaches? Reach out to me for personalized strategies that will make your portfolio shine! </span> </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealEstate" target="_blank"> #RetailRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/1031Exchange" target="_blank"> #1031Exchange </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/InheritedProperty" target="_blank"> #InheritedProperty </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MaximizeROI" target="_blank"> #MaximizeROI </a> <span> <span> </span> </span> </p> <p> <span> <br/> </span> </p> </div> Fri, 15 Sep 2023 18:56:17 GMT https://www.marcperlof.com/inherit-sell-or-1031-exchange-the-ultimate-showdown thumbnail main image https://www.marcperlof.com/weekly-retail-real-estate-news-september-15-2023 <div data-rss-type="text"> <h5> <span> TikTok launches e-commerce in U.S. </span> </h5> <p> <span> <br/> </span> </p> <p> <span> TikTok has made its long anticipated deep dive into e-commerce.The video-focused social media platform, which says it has more than 150 million U.S. users, has launched its  e-commerce offering, TikTok Shop, in the United States.  TikTok has been testing the e-commerce feature since last November. </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=427cc47c5b&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=3e4488899b&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Best Buy dives deeper into home health care </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Best Buy is growing its at-home health care efforts.Building on the success of delivering in-home care for patients with chronic conditions through Geek Squad, Best Buy Health is expanding its partnership with Geisinger to bring a better level of care to more patients within the Geisinger network. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=2bc55dd5f9&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=4058867f3c&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Holiday sales growth to be sluggish; six tips to weather the storm </span> </h5> <p> <span> <br/> </span> </p> <p> <span> A new holiday sales forecast is predicting sluggish holiday growth but offers some hope for improvement. Unadjusted seasonal sales are expected to grow 3.0% year-over-year in November and December, with 90% of the growth coming from e-commerce and mail-order sales, according to Bain &amp; Company’s “2023 Holiday Shopping Outlook” study. Total holiday sales are expected to reach nearly $915 billion. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=b6ea781816&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=b507f14359&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Billboards could be arriving at the Santa Monica Place mall </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> In this evening’s meeting, City Council will discuss in closed session the possibility of having billboards advertising adorn parking structure seven. The </span> </span> <span> Daily Press </span> <span> <span> has learned that multiple billboards, probably numbering two or three, will be considered, with one also potentially being placed on the exterior of the former Bloomingdale’s building at 315 Colorado Avenue that wraps around the corner of 4th Street. </span> </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=3fe74abbee&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=b93617c49b&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Coca-Cola Bottler Launches $500M California Expansion </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Reyes Coca-Cola Bottling, a West Coast and Midwest bottler and distributor of Coca-Cola beverages, plans to invest $500 million to demolish a single-building distribution center in Rancho Cucamonga, Calif., and replace it with a 620,000-square-foot manufacturing campus with full production capabilities. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=3a6d9e24d6&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=111ecad231&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Fast-Food Chains, Officials Reach Deal in California Wage Battle </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Quick-service and labor groups in California struck a deal on worker regulations over the weekend, preventing a ballot fight that could have topped $100 million in campaign spending.Representatives of the restaurant industry secured an agreement to kill the controversial AB 257 (also known as the Fast Food Accountability and Standards Recovery Act or the Fast Act) in exchange for accepting one of the bill’s key provisions, the creation of a panel to regulate wages and working conditions for fast-food restaurants. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=82c450f604&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=5f3fe122a3&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Looking for Retail Rent Growth? Follow the People. </span> </h5> <p> <span> <br/> </span> </p> <p> <span> The strength of the U.S. retail real estate recovery has surprised some market watchers over the past three years, as growing demand from a wide range of tenants has pushed store space availability to its lowest on record. Experiential, discount, off-price, medical and food and beverage tenants have driven strong demand gains as consumers pushed sales to record highs. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=6c3debb882&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=f3b0b6937d&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Forty-five new Sephora shops opening at Kohl’s this fall — here’s where </span> </h5> <h5> <span> <br/> </span> </h5> <p> <span> The department store retailer revealed the locations of 45 Kohl’s stores that will be opening a 750-sq.-ft. in-store Sephora shop this fall.  The new additionswill bring the Sephora at Kohl’s fleet to more than 900 stores by the end of this year. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=1cb433cfca&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=8fddec02a4&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> How Gen Z, millennial omnichannel shoppers differ from Gen X, boomers </span> <span> <br/> </span> <span> <br/> </span> <span> Younger consumers have distinct behaviors when it comes to omnichannel commerce. According to “The Great Generational Shopping Divide,” a study of more than 2,000 consumers in the U.S., U.K., and Australia conducted by global data intelligence platform Near, 80.1% of respondents across generations are shopping online. </span> </h5> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=2ba2b086af&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=6798c2ae3f&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> The Most Popular Grocery Store in Each State </span> </h5> <p> <span> <br/> </span> <span> With a rising number of grocers sprouting up, chains have been devising unique tactics to stay ahead. A recent report from Placer.ai, a location analytics and foot traffic data company, identified the most-favored grocery stores in states across the country. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=4a995a0166&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=7286b92e67&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Whataburger Opens First Digital-Only Restaurant </span> </h5> <p> <span> <br/> </span> <span> <span> Whataburger announced Tuesday the opening of its first digital-only restaurant, catering to consumers' continuing shift toward off-premises. Referred to as the Whataburger Digital Kitchen, the Austin, Texas-based restaurant is exclusively off-premises and features a mobile order lane instead of a traditional drive-thru. The store is completely cashless and solely relies on customers using the website or app to order meals. </span> </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=be67b458c3&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=1a00c9f5ff&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> Fri, 15 Sep 2023 18:18:40 GMT https://www.marcperlof.com/weekly-retail-real-estate-news-september-15-2023 thumbnail main image https://www.marcperlof.com/why-trader-joe-s-tiny-parking-lots-are-a-big-deal-the-untold-story <div data-rss-type="text"> <p> <span> Trader Joe's is a popular grocery store known for its unique business model and customer experience strategy. One distinct feature of Trader Joe's stores that often perplexes shoppers is their small parking lots. Real Simple Magazine has touched upon this topic in a recent article, but let's delve deeper into the rationale behind Trader Joe's deliberately designing their parking lots in such a way. </span> </p> <p> <br/> </p> <p> <span> Understanding the reasons behind Trader Joe's small parking lots requires a glimpse into their business model, customer experience strategy, and commitment to sustainability. </span> </p> <p> <br/> </p> <p> <span> Creating Exclusivity and Scarcity </span> </p> <p> <span> Trader Joe's has built a reputation for offering a curated selection of high-quality products at affordable prices. By intentionally limiting parking space, Trader Joe's aims to create a sense of exclusivity and scarcity around their stores. This deliberate design choice generates more interest and buzz among customers, making their shopping experience feel more special. </span> </p> <p> <br/> </p> <p> <span> Ensuring Quick Turnover of Customers </span> </p> <p> <span> One of the main reasons behind Trader Joe's small parking lots is to ensure a quick turnover of customers. Trader Joe's wants to avoid overcrowding and long wait times, as these can deter potential shoppers. By limiting parking spaces, Trader Joe's encourages customers to make their trips more efficient, ensuring a smooth flow of traffic and easy access to the store. This strategy helps maintain a pleasant shopping environment for all customers. </span> </p> <p> <br/> </p> <p> <span> Commitment to Sustainability </span> </p> <p> <span> Trader Joe's is committed to sustainable practices in various aspects of their operations, and their small parking lots are no exception. By minimizing their parking footprint, Trader Joe's can allocate more space for green areas, bicycle racks, and electric vehicle charging stations. This approach not only reduces the store's environmental impact but also caters to the growing number of eco-conscious customers who prefer alternative modes of transportation. By prioritizing sustainability, Trader Joe's sets itself apart as a socially responsible grocery store. </span> </p> <p> <br/> </p> <p> <span> Fostering a Distinct and Memorable Shopping Experience </span> </p> <p> <span> Trader Joe's aims to create a unique and memorable shopping experience for its customers. By designing compact parking lots, they encourage shoppers to enter their stores with a mindset focused on exploration and discovery. The limited parking space sends a subtle message that customers should not rush their visit. This deliberate approach fosters a sense of adventure and curiosity, distinguishing Trader Joe's from traditional grocery stores. Their parking lots are just one aspect of their overall branding strategy, designed to captivate and engage customers. </span> </p> <p> <br/> </p> <p> <span> In conclusion, Trader Joe's deliberately designs their parking lots to align with their business model, customer experience strategy, and commitment to sustainability. The small parking lots create a sense of exclusivity and ensure a quick turnover of customers, while also allowing for more green areas and alternative transportation options. Additionally, these compact parking lots contribute to Trader Joe's branding strategy, creating a distinct and memorable shopping experience. Understanding the rationale behind Trader Joe's small parking lots gives us deeper insight into their overall brand philosophy and dedication to providing a distinctive grocery shopping experience. </span> </p> <p> <br/> </p> <p> <span> If you're a Retail Real Estate Rockstar, looking to maximize your investment, it's time to think outside the box—or in this case, the parking lot! Trader Joe's has shown us that even small spaces can yield big results when aligned with a brand's overall strategy. Whether you're looking to refinance, buy, sell, or exchange your retail property, my team and I can help you navigate these complex decisions with ease. Leveraging the latest AI technology and market insights, we'll ensure you achieve your commercial real estate goals. Contact us today to discover how we can make your property as efficient and profitable as a Trader Joe's parking lot! </span> </p> <p> <br/> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/TraderJoes" target="_blank"> #TraderJoes </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealEstate" target="_blank"> #RetailRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/ParkingLotStrategy" target="_blank"> #ParkingLotStrategy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/CommercialRealEstate" target="_blank"> #CommercialRealEstate </a> <span> <span> </span> </span> </p> <p> <span> <br/> </span> </p> </div> Mon, 11 Sep 2023 18:57:58 GMT https://www.marcperlof.com/why-trader-joe-s-tiny-parking-lots-are-a-big-deal-the-untold-story thumbnail main image https://www.marcperlof.com/why-tractor-supply-is-the-goldmine-retail-property-owners-wish-they-d-found <div data-rss-type="text"> <p> <span> Hey Retail Real Estate Rockstars, have you ever wondered how to combine rustic allure with modern commercial tactics? The retail playbook is being rewritten by Tractor Supply, and you should be listening up. This is why. </span> </p> <p> <br/> </p> <p> <span> Rural Heart, Modern Mind </span> </p> <p> <span> Forget about the big, general-purpose retailers. Rural communities are the primary emphasis of Tractor Supply. They seem to have read your journal. They serve as a one-stop shop because they carry everything from farm supplies to pet care. Think about Tractor Supply's alluring allure if you operate retail locations in rural areas. </span> </p> <p> <br/> </p> <p> <span> Community is Currency </span> </p> <p> <span> This isn't your typical store, though. Tractor Supply truly goes to the ground floor. They attend every fair and rodeo in the area and even provide instructional sessions. Retail Real Estate Rockstars, do you recognize this? It's similar to the cherished old-fashioned relationship-building, but enhanced! </span> </p> <p> <br/> </p> <p> <span> Digital Dynamo </span> </p> <p> <span> Who says an elderly dog can't learn new tricks? The internet world is now a seamless extension of Tractor Supply's aisle. No concerns if you're not tech savvy! This is an illustration of what a brand may gain from adopting technology. You can shop while enjoying your morning coffee because everything is secured and safe. </span> </p> <p> <br/> </p> <p> <span> Innovation Station </span> </p> <p> <span> Tractor Supply is a digital powerhouse, offering everything from consumer suggestions powered by AI to mobile point-of-sale solutions. And let's face it, Retail Real Estate Rockstars, we both understand how critical it is to stay on the cutting edge. Your retail spaces can do what Tractor Supply did if they can. </span> </p> <p> <br/> </p> <p> <span> Employee Excellence </span> </p> <p> <span> Have you ever entered a business and been welcomed by a knowledgeable employee? That's a worker at Tractor Supply for you. They spend money on training and advancement. This serves as a reminder that if properly taught, your tenant's staff members may serve as brand ambassadors. </span> </p> <p> <br/> </p> <p> <span> Green is Good </span> </p> <p> <span> For these people, sustainability is more than simply a trendy phrase. It's an approach to life. They use energy-saving techniques and organic goods. So, if you're considering increasing the worth of your assets, learn from their example. </span> </p> <p> <br/> </p> <p> <span> Vendor Vibes </span> </p> <p> <span> Yes, Retail Real Estate Rockstars, relationships are important. Tractor Supply maintains its suppliers close by and its goods nearby. It guarantees both price and quality—win-win! </span> </p> <p> <br/> </p> <p> <span> &#55356;&#57263; Your Next Move </span> </p> <p> <span> Retail Real Estate Rockstars, Tractor Supply should be on your radar if you have retail locations that need a tenant that will be a community magnet and you want to integrate technology to enhance value. They may move into one of your properties, and you might turn out to be the next retail genius. Don't let this wonderful chance go away. Allow me to guide you through this fascinating landscape. Call, Text or DM me TODAY!! </span> </p> <p> <br/> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealEstate" target="_blank"> #RetailRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/TractorSupply" target="_blank"> #TractorSupply </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/InvestmentOpportunity" target="_blank"> #InvestmentOpportunity </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/RetailRevolution" target="_blank"> #RetailRevolution </a> </p> <p> <span> <br/> </span> </p> </div> Fri, 08 Sep 2023 19:00:04 GMT https://www.marcperlof.com/why-tractor-supply-is-the-goldmine-retail-property-owners-wish-they-d-found thumbnail main image https://www.marcperlof.com/weekly-retail-real-estate-news-september-8-2023 <div data-rss-type="text"> <h5> <span> Albertsons, Kroger Close To Selling Stores To SoftBank-Backed Buyer, Clearing Path For Merger </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> Albertsons and Kroger are closing in on the sale of an unknown number of stores across the country to clear the way for their nearly $26B merger. C&amp;S Wholesale Grocers, operator of grocery chains like Piggly Wiggly and Grand Union, has partnered with Japanese investor SoftBank to buy the stores for an undisclosed amount, Bloomberg reported. </span> </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=6454587b20&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=5440b51bde&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Party City Set To Emerge From Chapter 11 With ‘More Profitable’ Store Portfolio </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Party City, North America's largest party-goods retailer, is ready to emerge from its Chapter 11 bankruptcy proceeding with what it called an "optimized" store footprint after exiting some locations and getting better deals on leases for others.The Woodcliff Lakes, New Jersey-based company on Wednesday reported that the U.S. Bankruptcy Court for the Southern District of Texas had approved its reorganization plan </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=1cb34619b2&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=c05c16ee7d&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Chick-fil-A to Significantly Expand Mobile Order Lanes </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> Chick-fil-A is doubling down on mobile order drive-thru lanes, following a growing trend across the quick-service industry. </span> </span> </p> <p> <span> <span> The fast-food giant noted that after a two-year test, "Mobile Thru" is launching at more than 300 restaurants across the U.S. this year. The digital lanes will be featured in even more units in 2024. The service will be added in stores where "it will optimize the experience for customers and make processes more efficient," the company said. Eighty-five percent of guests who used the mobile order drive-thru lane during tests said they were likely to use it again and 90 percent said the pilot went smoothly. </span> </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=124e617566&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=08dff67dbb&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Drew Brees and Smalls Sliders Game Plan for National Stardom </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> Twelve years ago, Drew Brees was sitting in a Jimmy John’s near Purdue University, enjoying his favorite order (a No. 9, no cheese, add hot peppers) for what felt like the first time in ages. </span> </span> </p> <p> <span> <span> He’d been a devoted fan for a decade, starting with his early days at the school’s freshman dorm, when he relied on the sandwich to fuel late-night study sessions. But neither San Diego, where he started his pro-football career with the Chargers, nor New Orleans, where he cemented his legacy with the Saints, had any stores. </span> </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=1cb2387c40&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=7c27035816&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Lowes Foods acquires Foothills IGA Market in Georgia </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> Lowes Foods will bring the Lowes banner to Georgia via the acquisition of a Foothills IGA Market in Marble Hill, Georgia, according to reporting from Georgia news group </span> </span> <span> Smoke Signals </span> <span> <span> . </span> </span> </p> <p> <span> This would be the first store in the state of Georgia for the Winston-Salem, North Carolina-based Lowes Foods. The sale is expected to finalize in September. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=42486d8587&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=7690f94720&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Five Below sales up 15.2%; opening 200 stores; cuts guidance amid shrink increase </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> Five Below delivered second-quarter results in line with its guidance on the top and bottom line and, similar to many other retailers, warned of shrink increases. </span> </span> </p> <p> <span> The tween and teen discounter remains committed to opening a record number of stores in 2023. It opened 40 stores across 24 states during the quarter,  for a total of 1,407 stores in 43 states. Five Below is on track to open more than 200 new stores and convert 400 existing locations to its new Five Beyond format (includes a selection of items beyond the chain’s $5.00 price threshold) this year. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=664b2cfa57&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=136e6b74c4&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Iconic Gladstone’s restaurant set to close after 50 years in business </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> After 50 years, Gladstone’s is set to close for good. The last day to order from the iconic restaurant at Sunset and Pacific Coast Highway is said to be Sept. 15. </span> </span> </p> <p> <span> <span> That’s the date a concessions agreement with the county runs out. The agreement was with the restaurant’s last owner, former Los Angeles Mayor Richard Riordan, who passed away in April. Celebrity chef Wolfgang Puck has had his eye on the spot for years and made a proposal to the county to take over the spot five years ago. Puck has teamed with famed architect Frank Gehry to build an entire new look for the space that is said to include a walkup window for to-go orders, a public deck, and a stop for the Big Blue Bus in an effort to provide more access to the beach. </span> </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=c7acb68dad&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=673a247e39&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Dollar General posts tough quarter; slashes guidance </span> </h5> <h5> <span> <br/> </span> </h5> <p> <span> Dollar General Corp. reported weaker-than-expected second-quarter earnings and sales and cut its full-year guidance as its shoppers continued to focus on lower-priced everyday essentials over discretionary goods. </span> </p> <p> <span> Echoing other retailers’ warnings about shrink,  the discounter said an increase in product theft has cut into its its profit. </span> </p> <p> <span> <span> Despite its soft results, Dollar General remains committed to expansion.  It opened 215 stores during the quarter and is track to open 990 stores for the full year, along with 2,000 remodels. </span> </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=c11249508d&amp;e=e51f618df5" target="_blank"> Read Full Article... </a> <span> <br/> </span> </p> </div> Fri, 08 Sep 2023 18:29:07 GMT https://www.marcperlof.com/weekly-retail-real-estate-news-september-8-2023 thumbnail main image https://www.marcperlof.com/ride-the-wave-aldi-s-expansion-could-boost-your-retail-real-estate <div data-rss-type="text"> <p> <span> Hey Retail Property Owners, hang on to your hats! &#55356;&#57257; Today, we're diving into the juiciest details of the recently unveiled ALDI Acquisition of Southeastern Grocers report. Trust me, you don't want to miss this! </span> </p> <p> <br/> </p> <p> <span> The Big Picture: </span> </p> <p> <span> German grocery giant Aldi is sprinting ahead like Usain Bolt! They've penned a game-changing deal to gobble up Southeastern Grocers, which owns big names like Winn-Dixie and Harveys Supermarkets. This move is a cannonball splash in the pond of retail real estate, especially if you own property in the Southeast. </span> </p> <p> <br/> </p> <p> <span> What Does It Mean for You? </span> </p> <p> <span> Let's cut to the chase: This deal is like finding a golden ticket! &#55356;&#57259; </span> </p> <p> <br/> </p> <p> <span> <span> Regional Boost: ALDI's expansion will likely sprinkle some magic fairy dust on shopping centers in the Southeast. </span> </span> </p> <p> <br/> </p> <p> <span> Risky Business, Not for ALDI: They're expanding, but smartly skipping the construction risks. That's like eating your cake &#55356;&#57200; and having it too! </span> </p> <p> <br/> </p> <p> <span> Up and Up: With ALDI's proven track record, property values around these new locations could shoot up like a SpaceX rocket! &#55357;&#56960; </span> </p> <p> <br/> </p> <p> <span> The Crystal Ball Says: </span> </p> <p> <span> If you're sitting on retail property in the Southeast, this could be your Cinderella moment. ALDI's growth can attract more tenants, increase traffic, and potentially ramp up your property value. So, don't be the Sleeping Beauty of retail real estate. Wake up and seize the opportunity! </span> </p> <p> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_797a676ae0a449afba9c1e25c7da96fd-mv2.webp" alt="Two maps showing aldi 's southeast footprint and winn-dixie &amp; harveys southeast footprint"/> </div> <div data-rss-type="text"> <p> <span> &#55357;&#56547; Retail Property Owners, Listen Up! &#55357;&#56547; </span> </p> <p> <span> Don't just stand there like a deer in headlights. Take action! Evaluate your properties, consider potential new tenants, and maybe even give your property a little facelift. The ALDI wave could lift all boats, so make sure yours is ready to sail! Contact us now for personalized advice. </span> </p> <p> <br/> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealEstate" target="_blank"> #RetailRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/ALDIExpansion" target="_blank"> #ALDIExpansion </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/PropertyValueBoost" target="_blank"> #PropertyValueBoost </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/GameChangerDeal" target="_blank"> #GameChangerDeal </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/InvestSmart" target="_blank"> #InvestSmart </a> </p> <p> <br/> </p> </div> Tue, 05 Sep 2023 19:03:26 GMT https://www.marcperlof.com/ride-the-wave-aldi-s-expansion-could-boost-your-retail-real-estate thumbnail main image https://www.marcperlof.com/retail-tenant-bankruptcy-should-property-owners-panic-or-profit <div data-rss-type="text"> <p> <span> Retail Real Estate Rockstars! So, one of your tenants, let's say Rite Aid, just declared bankruptcy. Your heart sinks. But wait, is it all gloom and doom? Let's break it down! </span> </p> <p> <br/> </p> <p> <span> The Not-So-Great Stuff </span> </p> <p> <span> Rent Shortage: Bankruptcy often means your tenant can't pay rent on time. A lease is a contract, but bankruptcy laws can override it. Ouch! </span> </p> <p> <br/> </p> <p> <span> Property Value: A bankrupt tenant isn't a selling point. This could affect your property's desirability and, subsequently, its value. </span> </p> <p> <br/> </p> <p> <span> Legal Hassles: Bankruptcy comes with a sea of legal paperwork and court dates. Think of it as a bad breakup, but with lawyers. </span> </p> <p> <br/> </p> <p> <span> <span> The Silver Linings </span> </span> </p> <p> <span> Negotiation Leverage: Bankruptcy doesn't always mean eviction. You can renegotiate lease terms more favorable to you. It's like a reset button! </span> </p> <p> <br/> </p> <p> <span> New Opportunities: Say your tenant leaves. This could be the chance to bring in a higher-paying tenant or even redevelop the space. Turn lemons into lemonade, right? </span> </p> <p> <br/> </p> <p> <span> Tax Benefits: Yep, tenant bankruptcy can offer tax write-offs. Check with your tax advisor, but you could save some dough here! </span> </p> <p> <br/> </p> <p> <span> The Bottom Line &#55356;&#57263; </span> </p> <p> <span> Bankruptcy is like a rollercoaster for retail property owners. It has its lows, but hey, it can also give you an adrenaline rush of new opportunities. Be prepared, be proactive, and you could turn a problematic situation into a profitable one. </span> </p> <p> <br/> </p> <p> <span> Hey, retail property owners, don't navigate these choppy waters alone. Whether you're dealing with a bankrupt tenant or looking to maximize your property's potential, I've got your back. Call me today!! </span> </p> <p> <br/> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealEstate" target="_blank"> #RetailRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/TenantBankruptcy" target="_blank"> #TenantBankruptcy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/RiteAidBankruptcy" target="_blank"> #RiteAidBankruptcy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/RealEstateInvesting" target="_blank"> #RealEstateInvesting </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/DontPanic" target="_blank"> #DontPanic </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/ProfitNotPanic" target="_blank"> #ProfitNotPanic </a> </p> <p> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_797a676ae0a449afba9c1e25c7da96fd-mv2.webp" alt="Two maps showing aldi 's southeast footprint and winn-dixie &amp; harveys southeast footprint"/> </div> <div data-rss-type="text"> <p> <span> &#55357;&#56547; Retail Property Owners, Listen Up! &#55357;&#56547; </span> </p> <p> <span> Don't just stand there like a deer in headlights. Take action! Evaluate your properties, consider potential new tenants, and maybe even give your property a little facelift. The ALDI wave could lift all boats, so make sure yours is ready to sail! Contact us now for personalized advice. </span> </p> <p> <br/> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealEstate" target="_blank"> #RetailRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/ALDIExpansion" target="_blank"> #ALDIExpansion </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/PropertyValueBoost" target="_blank"> #PropertyValueBoost </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/GameChangerDeal" target="_blank"> #GameChangerDeal </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/InvestSmart" target="_blank"> #InvestSmart </a> </p> <p> <br/> </p> </div> Fri, 01 Sep 2023 21:59:02 GMT https://www.marcperlof.com/retail-tenant-bankruptcy-should-property-owners-panic-or-profit thumbnail main image https://www.marcperlof.com/weekly-retail-real-estate-news-september-1-2023 <div data-rss-type="text"> <h5> <span> Retail Demand Keeps Rising, but at a Much Slower Pace </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Despite concerns over higher costs hitting consumers and retailers in the second quarter, more retail space was occupied than was vacated for a 10th consecutive three-month period. Overall, demand for this property rose more than 10.5 million square feet in that quarter and has climbed 20.8 million square feet since Jan. 1. </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=ee15dc38ca&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=210c40dae7&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Why the Future of Fast Food is ‘Phygital’ </span> </h5> <p> <span> <br/> </span> </p> <p> <span> The notion of “phygital,” like many tech headliners, isn’t an invention of the pandemic. Customers walked into physical banks, yet still approached digital kiosks, long before they heard about 6-foot distancing. But what’s accelerated is the fusion. Mobile phones allow consumers to order food and pick where to get it, and how to pay. Car dealerships, doctors, and real estate agents engage virtually before somebody shows up. Hotels are booked and trips adjusted from handheld devices before parties meet at the lobby checkout. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=59838738df&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=7a8d4cfd16&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Best Buy tops Street; expects this year to be ‘low point’ in tech demand </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Best Buy reported better-than-expected second-quarter earnings and sales but provided a mixed outlook for the year amid the continuing spending pull back on appliances, computers and other electronics. </span> </p> <p> <span> In a statement, CEO Corrie Barry said that the company still anticipates that that this year will be “the low point” in tech demand after two years of sales declines. </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=d9779ff54f&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=f8abbf87fd&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> (Video) New Shoe and Accessories Store Coming to Promenade </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Aldo sells high-end shoes, boots, tote bags, sandals and more. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=dec59c155a&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=014ff49e2e&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Neiman Marcus, Saks Reportedly in Merger Talks, East Coast Braces for Storms, Avon Owner Mulls Sale of Body Shop Chain </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Neiman Marcus, Saks Reportedly in Merger talks two longtime retail rivals, with their department store fortunes fading in recent years from competition from online and discount sellers, could become one company, according to a report Monday by the New York Post. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=68313cd3f2&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=1c9bf9fe31&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Rite Aid reportedly prepping bankruptcy filing </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Rite Aid  reportedly is preparing to file for Chapter 11 bankruptcy protection  in a move to deal with its debt and lawsuits related to opioid prescriptions. </span> </p> <p> <span> <span> The news was first reported by </span> </span> <span> The Wall Street Journal </span> <span> <span> . According to the report, Rite Aid, which has more than $3.3 billion in long-term debt, is facing more than 1,000 federal, as well as a number of state-level,  lawsuits over allegations that the chain contributed to the country’s opioid crisis by oversupplying painkillers such as OxyContin. </span> </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=c256b88056&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=326cb47b42&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> New stores help drive strong Ulta Beauty results in Q2 </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Ulta Beauty saw profits and sales rise in a strong second quarter. </span> </p> <p> <span> Net income increased 1% to $300.1 million in the quarter ended July 29, compared to $295.7 million in the second quarter of fiscal 2022. Diluted earnings per share increased 5.6% to $6.02 compared to $5.70, including a $0.01 benefit due to income tax accounting for stock-based compensation. </span> </p> <p> <span> <span> Net sales increased 10% to $2.5 billion from $2.3 billion in the prior year quarter, which the beauty retailer said was primarily due to increased comparable sales, strong new store performance and growth in other revenue. </span> </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=fe5d088cf2&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=a1bd47f052&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Rolex to acquire luxury retail brand Bucherer </span> </h5> <h5> <span> <br/> </span> </h5> <p> <span> Two iconic and storied Swiss watch brands are joining forces.In a move that caught the sector by surprise, Rolex said that it would buy luxury watch and jewelry retailer Bucherer for an undisclosed amount. In a statement, Rolex said that Bucherer, which has more than 100 stores worldwide, will keep its name and continue to operate independently under its current management team. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=01e0f44522&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=080f62f881&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Salad Chain Green District Declares Bankruptcy </span> </h5> <p> <br/> </p> <p> <span> <span> Young salad chain Green District filed bankruptcy earlier in August, citing issues with higher interest rates and an inability to pay off debt related to expansion efforts. The chain's move to scale back growth or close restaurants led to multiple legal actions, including landlord Miramar Center Associates winning $108,715.09 in damages in Florida. </span> </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=d959a76923&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=e00b968f32&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Aldi deal will see Walgreens, CVS taking over pharmacy assets </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> The recent Aldi acquisition of Winn-Dixie and Harveys Supermarkets will not include any of those stores’ pharmacies — all of which will be managed by Walgreens and CVS, according to reporting from the </span> </span> <span> Jacksonville Florida Times-Union </span> <span> . The agreement to outsource the pharmacies was made prior to the acquisition (Aldi does not run in-store pharmacies at any of its locations. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=2a3d3efd67&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=9d7d7c4fb2&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> Fri, 01 Sep 2023 21:55:55 GMT https://www.marcperlof.com/weekly-retail-real-estate-news-september-1-2023 thumbnail main image https://www.marcperlof.com/the-hidden-risks-of-showing-your-off-market-property-to-buyers-revealed <div data-rss-type="text"> <p> <span> Why Off-Market Listings Could Be Your Worst Move as a Property Owner </span> </p> <p> <br/> </p> <p> <span> Hello, wise retail real estate owners! You have a property that you are thinking about selling, but it isn't currently on the market. "What's the harm in showing it to a potential buyer?" you could ask. Keep it in mind. Let's examine the reasons why this could be a mistake. </span> </p> <p> <br/> </p> <p> <span> Loss of Leverage </span> </p> <p> <span> Even when you're not formally "on the market," you are still in control. When you take a buyer to see your property, you are expressing your desire to sell. You may be at a disadvantage in negotiations as a result. Would you reveal your poker hand to someone? Did not believe so. </span> </p> <p> <br/> </p> <p> <span> Distorted Pricing </span> </p> <p> <span> If a buyer is aware they are the first to view or know about your intentions to sell the retail property, they can offer you a cheap price in the belief they can haggle. This may establish a low bar for the property's worth, making it difficult to obtain the amount you are truly entitled to. It's like placing a low initial offer at an auction; this is risky ground! </span> </p> <p> <br/> </p> <p> <span> Time and Effort Drain </span> </p> <p> <span> Every performance requires time and work. If the buyer isn't serious or thoroughly vetted, you're effectively wasting your time. These hours may be better used for market research, spending time with family, or even a game of golf. </span> </p> <p> <br/> </p> <p> <span> Legal Snags </span> </p> <p> <span> You can run the risk of legal trouble if you exhibit an off-market property in particular circumstances. Contracts and rules are in place for a purpose; deviating from them might lead to a host of problems you'd want to avoid. </span> </p> <p> <br/> </p> <p> <br/> </p> <p> <span> Don't take a chance with your money. If you're thinking about selling your retail property, engage with experts who are familiar with the market. Let us assist you in maximizing returns while reducing risks. To get in touch with professionals who can help you navigate a successful, profitable sale, Call us today. </span> </p> <p> <br/> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealEstate" target="_blank"> #RetailRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/OffMarketRisks" target="_blank"> #OffMarketRisks </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/PropertyOwnership" target="_blank"> #PropertyOwnership </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/SmartSelling" target="_blank"> #SmartSelling </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MaximizeReturns" target="_blank"> #MaximizeReturns </a> </p> <p> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_797a676ae0a449afba9c1e25c7da96fd-mv2.webp" alt="Two maps showing aldi 's southeast footprint and winn-dixie &amp; harveys southeast footprint"/> </div> <div data-rss-type="text"> <p> <span> &#55357;&#56547; Retail Property Owners, Listen Up! &#55357;&#56547; </span> </p> <p> <span> Don't just stand there like a deer in headlights. Take action! Evaluate your properties, consider potential new tenants, and maybe even give your property a little facelift. The ALDI wave could lift all boats, so make sure yours is ready to sail! Contact us now for personalized advice. </span> </p> <p> <br/> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealEstate" target="_blank"> #RetailRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/ALDIExpansion" target="_blank"> #ALDIExpansion </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/PropertyValueBoost" target="_blank"> #PropertyValueBoost </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/GameChangerDeal" target="_blank"> #GameChangerDeal </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/InvestSmart" target="_blank"> #InvestSmart </a> </p> <p> <br/> </p> </div> Mon, 28 Aug 2023 22:09:06 GMT https://www.marcperlof.com/the-hidden-risks-of-showing-your-off-market-property-to-buyers-revealed thumbnail main image https://www.marcperlof.com/how-jerome-powell-s-latest-speech-spells-change-for-retail-real-estate <div data-rss-type="text"> <p> <span> Jerome Powell's Jackson Hole Speech: The Retail Real Estate Implications </span> </p> <p> <span> The tone for future U.S. monetary policy was set by Federal Reserve Chair Jerome Powell when he addressed the business community at Jackson Hole on Friday, August 25, 2023. What does this mean for retail property, though? Every owner of retail real estate should be acutely aware of the immediate and indirect effects that a tighter monetary policy will have. </span> </p> <p> <br/> </p> <p> <span> The Inflation Factor </span> </p> <p> <span> Powell highlighted the Fed's unwavering dedication to achieving its 2% inflation objective. Although it has decreased from its high, inflation continues to linger at levels that worry the central bank. A climate with significant inflation may result in higher maintenance, utility, or property tax expenditures for retail real estate. On the other hand, if demand continues high, it can possibly increase property values and rental rates. </span> </p> <p> <br/> </p> <p> <span> Interest Rates and Loan Accessibility </span> </p> <p> <span> In order to achieve its objectives, the Fed has increased rates and is willing to do so once more. The availability and cost of loans for retail real estate developments would surely be impacted by this tight monetary policy. Higher loan rates may make new construction and acquisitions less appealing, which would make it even more important for investors to carefully review their portfolios. </span> </p> <p> <br/> </p> <p> <span> Labor Market Dynamics </span> </p> <p> <span> Powell emphasized a tighter job market, particularly for employees in their prime. A tight labor market may result in higher labor expenses for any staff working for retail property owners providing in-house or property management services. </span> </p> <p> <br/> </p> <p> <span> The Housing Sector </span> </p> <p> <span> Powell asserts that shortly after takeoff, the consequences of monetary policy started to show in the housing sector. Consumer spending may drop if the housing market slows down as a result of increased mortgage rates. Retail malls may be impacted by this, especially those anchored by home renovation or domestic products businesses. </span> </p> <p> <br/> </p> <p> <span> Agile Policy Making and Future Outlook </span> </p> <p> <span> With so many unknowns, Powell emphasized the necessity for quick policy decisions. Owners of retail real estate should follow a similar approach, being prepared to adjust to changes in legislation that may have an impact on property values, customer spending, and operating expenses. </span> </p> <p> <br/> </p> <p> <span> Owners of retail properties, the writing is on the wall. Now is the time to review your individual properties and portfolios and be ready for the changes that are coming as the Federal Reserve moves toward a more restrictive monetary policy. To guarantee your properties continue to be profitable in this changing economic environment, think about expanding your tenant mix, renegotiating leases, or even restructuring debts. Don't only watch these changes in the economy; actively prepare for them. Call us know to strategize. </span> </p> <p> <span> <br/> </span> </p> </div> Sat, 26 Aug 2023 22:11:50 GMT https://www.marcperlof.com/how-jerome-powell-s-latest-speech-spells-change-for-retail-real-estate thumbnail main image https://www.marcperlof.com/catch-the-wave-timing-tops-bottoms-in-retail-real-estate <div data-rss-type="text"> <p> <span> In the ever-dynamic world of retail real estate, timing is everything, but it’s not about waiting for the perfect moment. It's about making the right decisions at the right time. The myth of timing the market's bottoms and tops has led many potential investors to miss golden opportunities. Here's why: </span> </p> <p> <br/> </p> <p> <span> Risk of Missing Out </span> </p> <p> <span> Sitting on the sidelines waiting for the "perfect" moment can cause you to miss out on excellent investment opportunities. The retail real estate market is unpredictable, and waiting for the right time could lead to loss of potential profits. </span> </p> <p> <br/> </p> <p> <span> Increased Costs </span> </p> <p> <span> Delays in making decisions can lead to increased costs in property prices. As you wait to catch the market at its low, you may end up purchasing at a higher price due to market fluctuations. </span> </p> <p> <br/> </p> <p> <span> Opportunity Cost </span> </p> <p> <span> The money you are holding back from investing is not growing. By waiting for the perfect moment, you are losing the potential returns that could have been generated through investment. </span> </p> <p> <br/> </p> <p> <span> The Power of Professional Guidance </span> </p> <p> <span> Professional assistance can guide you through the intricacies of the market, helping you make informed decisions. A seasoned retail real estate expert understands the trends and can help you invest without falling into the trap of timing the market. </span> </p> <p> <br/> </p> <p> <span> Don’t let the myth of timing the market hold you back from achieving your investment goals. Connect with us today to explore the opportunities tailored just for you. Let us guide you to make the best investment decisions that align with your objectives. The time is now; seize the opportunities waiting for you! </span> </p> <p> <br/> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealEstate" target="_blank"> #RetailRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/InvestmentTiming" target="_blank"> #InvestmentTiming </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarketOpportunities" target="_blank"> #MarketOpportunities </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/RealEstateInvesting" target="_blank"> #RealEstateInvesting </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/DontWaitInvestNow" target="_blank"> #DontWaitInvestNow </a> </p> <p> <span> <br/> </span> </p> </div> Mon, 21 Aug 2023 22:14:02 GMT https://www.marcperlof.com/catch-the-wave-timing-tops-bottoms-in-retail-real-estate thumbnail main image https://www.marcperlof.com/retail-lease-guarantors-uncovered-unlock-the-mystery-now <div data-rss-type="text"> <p> <span> Retail leasing may be a complicated maze, with a fundamental question at its heart: who is the guarantor of a retail lease? It's time to expose the truth and walk you through the complexities of your retail lease guarantor. </span> </p> <p> <br/> </p> <p> <span> A guarantor in retail real estate is a financial supporter who guarantees that the lease obligations are satisfied. Understanding the function of the guarantor is critical whether you operate a strip center or a single tenant net lease. </span> </p> <p> <br/> </p> <p> <span> ·        Individual Guarantor: Often, a business owner personally guarantees the lease, tying their financial health to the lease's success. </span> </p> <p> <br/> </p> <p> <span> ·        Corporate Guarantor: Larger entities might have a parent company or subsidiary acting as a guarantor, offering a layer of security. </span> </p> <p> <br/> </p> <p> <span> ·        Third-Party Guarantor: Sometimes, a completely separate entity can act as the guarantor, which usually occurs when a tenant doesn't have strong financial backing. </span> </p> <p> <br/> </p> <p> <span> Identifying the true guarantor in the corporate world of retail leasing can be a complicated web. Multiple layers of Limited Liability Companies (LLCs) inside a company may be involved in a corporate lease, as well as Subsidiaries. While the lease may appear to be guaranteed by a strong corporate organization at first glance, the true guarantor may be an underlying LLC with independent financial standings or a Subsidiary with its own financial information. This detail can drastically influence the lease's risk assessment. Examining the precise LLC, Subsidiary, or organizational structure responsible for guaranteeing the lease is critical for determining the genuine guarantor. Such an investigation frequently necessitates the assistance of retail real estate and legal specialists to verify that you are appropriately assessing the guarantor's strength and dedication. </span> </p> <p> <br/> </p> <p> <span> This additional degree of complication in corporate leases emphasizes the significance of knowing who is standing behind your contract, especially in multi-layered corporate structures. It is not enough to know the guarantor's name; it is also necessary to comprehend their financial capabilities and legal obligations within the larger corporate structure. </span> </p> <p> <br/> </p> <p> <span> When comparing the value and cap rate of a retail lease, the distinction between a real corporate guarantee, a LLC business within the corporation, or a Subsidiary might be rather noticeable. A corporate guarantee issued by a well-established, financially sound firm may provide a sense of security and stability. This can result in a decreased perceived risk, which can lead to a lower cap rate and a higher property value. </span> </p> <p> <br/> </p> <p> <span> A guarantee from an LLC company within the corporation, or a Subsidiary, on the other hand, may not have the same weight. This LLC or Subsidiary may be considered as a bigger risk if it has minimal assets or a less established financial track record. As a result, the cap rate may rise and the property value may fall. </span> </p> <p> <br/> </p> <p> <span> Understanding these intricacies is critical for retail property owners because they have a direct influence on investment decisions and property prices. The guarantor's type, whether a strong corporate entity, a possibly weaker LLC inside that company, or a Subsidiary, might have far-reaching consequences for your retail real estate assets. Using the expertise of experienced real estate specialists who specialize in these issues can help you arrive at a more accurate value, matching your investment plan with the actual risk profile of the lease. </span> </p> <p> <br/> </p> <p> <span> Navigating the complicated nuances of retail lease guarantors necessitates accuracy and knowledge of local legislation. While this article contains useful information, it is critical that you talk with an experienced retail real estate specialist and your real estate attorney about the details of your circumstance. Both experience assistance and tailoring the material to your specific lease agreement may ensure compliance with all legal obligations while preserving your investment. Don't leave such an important component of your business to chance; get experienced legal counsel to protect your retail real estate endeavor. </span> </p> <p> <br/> </p> <p> <span> Are you a retail real estate property owner in search of clarity about your lease guarantor? Join the ranks of satisfied clients who have achieved their investment goals through our unparalleled guidance and technological advancements. Contact us today for a transparent and personalized experience that aligns with your unique needs. </span> </p> <p> <br/> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailLease" target="_blank"> #RetailLease </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/Guarantor" target="_blank"> #Guarantor </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/CommercialRealEstate" target="_blank"> #CommercialRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/RetailPropertyOwners" target="_blank"> #RetailPropertyOwners </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/LeasingInsights" target="_blank"> #LeasingInsights </a> <span> <span> </span> </span> </p> <p> <span> <br/> </span> </p> </div> Mon, 07 Aug 2023 22:17:18 GMT https://www.marcperlof.com/retail-lease-guarantors-uncovered-unlock-the-mystery-now thumbnail main image https://www.marcperlof.com/surging-consumer-confidence-what-retail-property-owners-need-to-know <div data-rss-type="text"> <p> <span> In an encouraging economic development, consumer sentiment in July 2023 soared to its highest level in nearly two years. As retail real estate investors and property owners, it's critical to comprehend the potential implications of these shifts on the market. </span> </p> <p> <br/> </p> <p> <span> The University of Michigan’s index of consumer sentiment rose for the second consecutive month, escalating 13% over June to a preliminary July reading of 72.6, the highest since September 2021. All components of the index demonstrated significant improvement, pointing to an optimistic consumer outlook. </span> </p> <p> <br/> </p> <p> <span> One could consider this sentiment surge as largely attributable to the deceleration of inflation and stabilization in labor markets. Interestingly, even as inflation expectations marginally rose, the consumer sentiment was not dented. </span> </p> <p> <span> Yet, what does this mean for retail real estate? </span> </p> <p> <br/> </p> <p> <span> Broadly, an uptick in consumer sentiment translates into increased spending potential, which may stimulate retail business performance. For retail property owners, higher consumer spending could result in enhanced property valuations and potentially higher rental incomes. </span> </p> <p> <br/> </p> <p> <span> However, the commercial real estate landscape is intricate, influenced by a variety of economic indicators, not just consumer sentiment. With my years of expertise in retail real estate sales, I assist clients in discerning these complex signals and their impact on their properties. </span> </p> <p> <br/> </p> <p> <span> As a retail property owner, you're in a unique position to leverage these positive economic indicators. However, effective navigation of the real estate landscape requires a robust understanding of these shifts. Reach out to me today. Let's discuss how you can use these market insights to optimize your investment strategy, achieve superior results, and realize your commercial real estate goals. </span> </p> <p> <br/> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/RetailRealEstate" target="_blank"> #RetailRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/ConsumerSentiment" target="_blank"> #ConsumerSentiment </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/InvestmentStrategy" target="_blank"> #InvestmentStrategy </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/CommercialRealEstate" target="_blank"> #CommercialRealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/EconomicTrends" target="_blank"> #EconomicTrends </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/PropertyInvestment" target="_blank"> #PropertyInvestment </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/MarcRetailGuy" target="_blank"> #MarcRetailGuy </a> </p> <p> <span> <br/> </span> </p> </div> Fri, 04 Aug 2023 22:19:00 GMT https://www.marcperlof.com/surging-consumer-confidence-what-retail-property-owners-need-to-know thumbnail main image https://www.marcperlof.com/unveiling-the-best-1031-and-1033-exchange-options-single-tenant-net-lease-vs-dst <div data-rss-type="text"> <p> <span> Navigating the retail real estate environment necessitates intelligent decision-making, especially when considering a 1031 or 1033 exchange. Single Tenant Net Lease ("STNL") properties and Delaware Statutory Trust ("DST") investments are frequently mentioned. </span> </p> <p> <br/> </p> <p> <span> STNL characteristics are popular due to their ease of use and stability. They provide a constant source of revenue, with renters potentially covering all property expenses. This model reduces the owner's management obligations and guarantees a predictable return on investment. </span> </p> <p> <br/> </p> <p> <span> DST investments, on the other hand, provide the benefit of diversity. They allow for partial ownership in numerous properties, dispersing risk and perhaps providing a more stable revenue stream. DST investments may also provide tax advantages and a passive investing experience, as all property management is overseen by a trustee. </span> </p> <p> <br/> </p> <p> <span> However, DST investments are not without difficulties. Because decisions are made by the trustee rather than individual investors, they may lack the flexibility of STNL properties. Furthermore, DST investments sometimes have higher minimum investment requirements, which may be a deterrent to some investors. </span> </p> <p> <br/> </p> <p> <span> STNL properties, on the other hand, offer greater control and can be simpler to manage. They may also yield higher potential returns, as returns are not diluted by multiple ownership. </span> </p> <p> <br/> </p> <p> <span> DST properties, on the other hand, provide a distinct depreciation benefit. Because DST investments sometimes include numerous properties, depreciation can be expedited by cost segregation. This procedure finds and separates personal property that may be depreciated over a shorter period of time, often 5, 7, or 15 years, offering significant tax savings during the initial years of investment. There is also depreciation to consider based on your fractional ownership, which may be less than the depreciation available through 100% ownership of a STNL property. </span> </p> <p> <br/> </p> <p> <span> While accelerated depreciation provides large upfront tax savings, it may result in increased tax obligations when the property is sold or transferred owing to depreciation recapture requirements. </span> </p> <p> <br/> </p> <p> <span> Another important part of any real estate investment is exit strategy. The exit plan for STNL properties is simple: if an investor has to liquidate, they may sell the property on the open market. The investor retains complete control of the selling process. </span> </p> <p> <br/> </p> <p> <span> However, because of the fractional ownership structure, exiting a DST investment might be more complicated. An investor cannot immediately sell their fractional ownership on the open market. They must instead locate a buyer for their portion or wait until the trustee sells the entire property, which limits their freedom and control. </span> </p> <p> <br/> </p> <p> <span> Despite this, DST investments provide a one-of-a-kind exit strategy: the 1031 exchange. If the trustee sells the property, investors can reinvest the earnings in another DST or other eligible real estate transaction, delaying capital gains taxes. This may be an effective instrument for asset preservation as well as a gateway to new investment opportunities. </span> </p> <p> <br/> </p> <p> <span> Finally, both STNL properties and DST investments have their own set of advantages and disadvantages. The best option is determined by your own investment objectives, risk tolerance, and management preferences. </span> </p> <p> <br/> </p> <p> <span> As a retail real estate owner, understanding these investment options is crucial. If you're contemplating a 1031 or 1033 exchange, our team is here to provide personalized advice. With a proven track record in guiding clients through these complex decisions, we're committed to helping you achieve your commercial real estate investment goals. </span> </p> <p> <span> <br/> </span> </p> </div> Thu, 03 Aug 2023 22:21:16 GMT https://www.marcperlof.com/unveiling-the-best-1031-and-1033-exchange-options-single-tenant-net-lease-vs-dst thumbnail main image https://www.marcperlof.com/revolution-in-retail-how-omni-channel-retail-is-reshaping-real-estate <div data-rss-type="text"> <p> <span> Omni-channel retail has arisen as a game-changing phenomena in the fast growing world of commerce, greatly influencing the retail real estate market. Understanding this tectonic change is critical for investors and owners who want to adapt and thrive. </span> </p> <p> <br/> </p> <p> <span> The integration of numerous shopping platforms - from brick-and-mortar stores to internet websites and mobile applications - is referred to as omni-channel retail. This retail model has gained traction since it provides consumers with an enhanced, seamless shopping experience, resulting in a significant impact on retail real estate. </span> </p> <p> <br/> </p> <p> <span> On the surface, the rise of e-commerce appears to indicate a decline in physical retail places. However, the story is more complicated. Many organizations are using their retail base as part of a comprehensive omni-channel strategy, blurring the distinction between digital and physical. As a result, rather than declining, retail real estate is undergoing transition. </span> </p> <p> <br/> </p> <p> <span> For example, 'Click-and-Collect' - buying online and picking up in-store - is one such strategy that necessitates a physical presence. This hybrid shopping approach provides consumers with convenience and immediacy, which purely online channels often fail to offer. As a result, retail properties have become vital 'customer experience centers', adding value to the overall brand engagement. </span> </p> <p> <br/> </p> <p> <span> Furthermore, prime retail locations serve as local distribution hubs for online orders, further increasing the value of retail spaces in densely populated areas. In light of these developments, smart adaptation and innovation are key for retail real estate owners. </span> </p> <p> <br/> </p> <p> <span> Retail real estate property owners must be proactive, smart, and forward-thinking in order to navigate this new era. With my demonstrated knowledge, I can assist you in understanding these developments, identifying opportunities, and guiding you to make educated, profitable decisions. Contact us to learn more about how we can best position your retail real estate assets in the omni-channel retail revolution. </span> </p> <p> <br/> </p> <p> <span> I invite retail property owners to a free consultation. Let's strategize your success in the changing retail landscape. Contact me today! </span> </p> <p> <span> <br/> </span> </p> </div> Mon, 31 Jul 2023 22:23:13 GMT https://www.marcperlof.com/revolution-in-retail-how-omni-channel-retail-is-reshaping-real-estate thumbnail main image https://www.marcperlof.com/prime-time-to-sell-optimizing-retail-property-land-value-for-developers-and-a-new-development <div data-rss-type="text"> <p> <span> The subject of when to sell your property based on land value frequently arises in the dynamic world of retail real estate. It's a challenging equation that combines a thorough examination of the property's intrinsic value with knowledge of current market trends. </span> </p> <p> <br/> </p> <p> <span> Think on your retail property's highest and best usage first. Is it currently optimized, or is there room for improvement? Where is the nearest Metro stop? Are there Density Bonuses? This potential could be realized by converting a single-tenant net lease property into a mixed-use (apartments over retail) development or a brand-new, energetic strip center, by repurposing a piece of vacant land into a bustling shopping center, or by converting a gas station into a masterful mixed-use (apartments over retail) design. </span> </p> <p> <br/> </p> <p> <span> <span> Timing is crucial. Your lease's expiration should, ideally, coincide with the listing of your property for sale (with no additional tenant lease options). While some investors might be concerned about an impending lease expiration, developers may be able to take advantage of the situation. When the lease expires, developers will have a blank slate on which to plan and carry out their vision, which will improve the appeal of your property. In order to give time for underwriting the value, exclusive marketing to developers, and giving a developer time to obtain their permits and entitlements from the local government authority, I advise starting this process 6 months to 2 years before the lease expires. </span> </span> </p> <p> <br/> </p> <p> <span> What you hope to achieve when you sell or exchange the retail property will determine how to proceed. This strategic decision-making calls for thorough market research, in-depth comprehension, and imaginative planning. And this is where I step in, using cutting-edge AI algorithms and years of experience to provide guidance unique to your circumstance. </span> </p> <p> <br/> </p> <p> <span> Now, let's turn this insight into action. </span> </p> <p> <br/> </p> <p> <span> For retail property owners seeking to optimize their investments, I offer an invaluable service grounded in transparency, integrity, and a proven track record. My expert advice guides you in making the most strategic decision, whether that's to hold, to sell or to exchange, maximizing your property's land value. If you're pondering over the right time to sell your retail property, let's collaborate to create a strategy that suits your individual needs. </span> </p> <p> <span> <span>  </span> <br/> </span> </p> </div> Sat, 29 Jul 2023 22:25:50 GMT https://www.marcperlof.com/prime-time-to-sell-optimizing-retail-property-land-value-for-developers-and-a-new-development thumbnail main image https://www.marcperlof.com/weekly-retail-real-estate-news-july-29-2023 <div data-rss-type="text"> <h5> <span> Third Street Promenade in Southern California Works to Get Its Mojo Back </span> </h5> <p> <span> <br/> </span> </p> <p> <span> In the world of retail, the mantra for success is location, location, location. But that formula hasn’t been working too well for the Third Street Promenade, the breezy seaside pedestrian shopping mall in affluent Santa Monica, California, where a modest home sells for $1.6 million and the average annual household income is $158,000. </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=298b27dba9&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=5242f7ee96&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Trader Joe's, Food 4 Less See Visits Increase YoY in California </span> </h5> <p> <span> <br/> </span> </p> <p> <span> With nearly 40 million residents, Placer.ai describes the Golden State as a “a high-value grocery market due to its robust visitation.” Since January 2023, year-over-year (YoY) grocery visits have consistently outperformed the national average. From January to June of this year, grocery visits in California have increased 3.1%, 4.5%, 4.2%, 2.3%, 0.1% and 3.8% YoY each month while the grocery sector nationwide has its ups-and-downs in terms of traffic. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=d5ccffbb7f&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=62e6c4560d&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> PacWest Bancorp Bought By Banc Of California, A CRE-Heavy Local Rival </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Banc of California is swooping in to buy Beverly Hills-based PacWest Bancorp. Post-merger, the combined bank will have about $36B of assets — less than what PacWest alone had at the end of March, Bloomberg reported. It will also have $25.3B in total loans and $30.5B in total deposits, the companies said. Although the Banc of California was the smaller of the two institutions, the new entity will operate under the Banc of California name. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=34fa9f805c&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=2b99514cc2&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Study: Sales of secondhand goods will hit $325 billion <br/> </span> </h5> <p> <br/> </p> <p> <span> New research indicates the market for secondhand merchandise is growing rapidly. According to the 2023 Reuse Report from online secondhand marketplace Mercari, the resale market is expected to grow by an estimated 87% to $325 billion by 2031 from $174.1 billion in 2022. Nearly nine in 10 surveyed U.S. consumers planning to shop secondhand in the coming year; and one in three surveyed Gen Z consumers expect to buy more secondhand items and spend more time on online resale platforms. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=f4b4434d5a&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=50dc20899b&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> New pop-up pickleball court coming to the Promenade </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Only a blank canvas can be transformed into a work of art and that’s what’s happening on the Third Street Promenade, albeit quite slowly. The latest empty lot to be turned into something really rather interesting is the former site of the Adidas store, 1231 3rd Street (Adidas is now at 1337 3rd St). The 10,000 sq ft space is set to be reworked into an indoor pickleball club, complete with a bar and chill out areas. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=1d3aab536a&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=63e22a53d9&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Ashley to ‘refresh’ all stores with new design </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Ashley HomeStore has a new name. But that’s not all. The furniture and mattress retailer said it will refresh its stores nationwide to reflect its modernized look and feel. The refresh rollout comes after the company initiated a rebrand last year with a new logo and name change from Ashley HomeStore to Ashley. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=c0047d6e73&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=bb91a99f98&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Firehouse Subs Believes Brand Will Resonate ‘Across the World’ </span> </h5> <p> <span> <br/> </span> </p> <p> <span> If Mike Hancock was going to take an opportunity outside of Tim Hortons, it was going to have to be a rare one. The 6-foot-7 former defensive end, who played in the Canadian Football League with the Toronto Argonauts, had a first-row seat to the near-mythical nature of the coffee chain. There’s one for every 10,000 Canadians, and some 80 percent of residents reportedly visit Tim Hortons every month. That frequency is even higher than McDonald’s in the U.S., where CEO Chris Kempczinski previously suggested roughly 80 percent of the population shows up at least once each year. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=59a78206b4&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=dd13d5190c&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Where are online grocery shoppers going? </span> </h5> <h5> <span> <br/> </span> </h5> <p> <span> A new survey has some troubling data for digital grocery retailers. According to first quarter 2023 analysis of more than 58 million shopper baskets of actual purchase data across the U.S. and Europe from SymphonyAI, more than half (52%) of e-commerce grocery shoppers left the online channel over the last year. Further analysis of those lapsed customers reveals that while 60% are reverting to the retailer’s brick-and-mortar location, 40% have left that grocery retailer altogether. </span> </p> <p> <span>   </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=3d25e62160&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=ac379b8a2f&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Retail sales inch up in June — but not in all categories </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> Retail sales edged up in June as consumers continued to shop. Retail sales in June inched up 0.4%  from May and were up 3.3% year-over-year, according to the National Retail Federation, whose calculation excludes automobile dealers, gasoline stations and restaurants to focus on core retail. In May, sales were also up 0.4% month-over-month and were up 4.4% year-over- year. </span> </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=619280d94a&amp;e=e51f618df5" target="_blank"> <br/> </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=619280d94a&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=aee4006cd7&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Giant Company names president </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Ahold Delhaize USA said that John Ruane has been named brand president of The Giant Company. He has served as interim president of the chain since the departure of Nick Bertram in September 2022. </span> </p> <p> <span> Prior to being appointed interim president, Ruane served as senior VP and chief commercial officer for The Giant Company, leading the merchandising and marketing teams to develop and implement customer-centric strategies that support the continued growth of the brand, while also improving customers’ experience and the overall value proposition, the company said. </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=8b75f5ea51&amp;e=e51f618df5" target="_blank"> <br/> </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=8b75f5ea51&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=b80f9479fd&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Babies R Us makes a comeback — at American Dream </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Just as BuyBuy Baby bid bye-bye to its stores, its longstanding and ardent competitor has itself been reborn. </span> </p> <p> <span> Babies R Us — which was acquired by brand management firm WHP Global in 2021 —is back in brick-and-mortar, opening a location at American Dream,  the massive three million sq.-ft.-plus entertainment and retail center in the New Jersey Meadowlands.  At 10,000 sq.ft., the new Babies R Us store has a much smaller footprint than the brand inhabited in its previous life. </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=4827d95353&amp;e=e51f618df5" target="_blank"> <br/> </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=4827d95353&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=58865cb4fa&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> Fri, 28 Jul 2023 22:42:52 GMT https://www.marcperlof.com/weekly-retail-real-estate-news-july-29-2023 thumbnail main image https://www.marcperlof.com/boost-your-retail-real-estate-portfolio-q2-gdp-surges-interest-rate-increase-looms <div data-rss-type="text"> <p> <span> You have experience investing in retail real estate and are aware of the importance of economic indicators and how they may affect your choices. We'll discuss the wonderful news that Q2 GDP exceeded estimates and that the federal funds rate increased by .25%. Learn how these changes might affect the retail real estate market over the following three months and arm yourself with crucial knowledge to stay on top of the game. </span> </p> <p> <br/> </p> <p> <span> The Gross Domestic Product (GDP) increased dramatically in the second quarter, exceeding predictions. A healthy economy is reflected in a solid GDP growth, which may pave the way for higher consumer spending and boosted investor confidence in the retail industry. You can take advantage of this chance as a shrewd owner of retail real estate to locate great properties in sought-after areas. </span> </p> <p> <br/> </p> <p> <span> In order to combat persistent inflationary pressures, the Federal Reserve recently decided to increase the federal funds rate by .25%. The need for this cautious interest rate increase resulted from the fact that inflation hasn't decreased as swiftly as it should have despite the solid GDP growth. It's essential for you to maintain a proactive and adaptable investing approach as a wise owner of retail real estate if you want to successfully manage any obstacles during this era of economic transition. Make informed decisions in response to the shifting market conditions by remaining alert and flexible. </span> </p> <p> <br/> </p> <p> <span> It's critical to think about the effects of these economic developments on your portfolio as you add value to properties. Retailers wishing to grow their operations may find that retail spaces are in great demand as a result of a strong economy and rising consumer spending. Higher borrowing rates, however, may have an impact on home demand and appreciation rates. Your success as a seasoned retail real estate investor will depend heavily on your capacity to adjust to shifting market dynamics and consumer preferences. </span> </p> <p> <br/> </p> <p> <span> I offer unparalleled market insights, demographic data, and a strategic approach to help you navigate the retail property market anywhere in the United States. Don't miss out on off-market opportunities, negotiate with confidence, and achieve your commercial real estate investment goals. Reach out today and let's boost your retail real estate portfolio together! </span> </p> <p> <span> <br/> </span> </p> </div> Thu, 27 Jul 2023 22:46:24 GMT https://www.marcperlof.com/boost-your-retail-real-estate-portfolio-q2-gdp-surges-interest-rate-increase-looms thumbnail main image https://www.marcperlof.com/retail-showdown-will-brick-and-mortar-stores-outlast-e-commerce-the-untold-story <div data-rss-type="text"> <p> <span> The retail industry has seen significant upheaval recently, in part due to the expansion of e-commerce. As traditional brick-and-mortar businesses struggle with their online rivals, retail real estate's future is in doubt. The question of whether physical stores will outlive online purchasing is brought up by this. Let's look at the untold story from the perspective of retail real estate. </span> </p> <p> <br/> </p> <p> <span> Brick-and-mortar shops have long been a mainstay of the retail sector. They provide customers real interactions, close relationships, and the immediate gratification of in-store transactions. Retailers can engage customers and promote their products in physical storefronts in a way that is not possible with e-commerce. Consumers' decisions to buy anything right away are frequently influenced by this physical and immersive part of buying. </span> </p> <p> <br/> </p> <p> <span> E-commerce, on the other hand, offers unmatched convenience. Consumers may now access a huge range of products at their fingertips thanks to the convenience of shopping from home at any time. The rise in demand for industrial real estate for fulfillment and distribution facilities as a result of the transition to online shopping has significantly changed the retail real estate market. </span> </p> <p> <br/> </p> <p> <span> The demise of brick and mortar retail, however, has been vastly overblown. Despite the expansion of e-commerce, a sizable amount of retail purchases are still made in physical storefronts. More significantly, there is a growing trend of online businesses opening actual storefronts in order to expand their market and give customers omnichannel experiences. DATA </span> </p> <p> <br/> </p> <p> <span> The secret, from the standpoint of retail real estate, is to take a balanced stance. Property owners can gain a competitive edge by making investments in adaptable retail spaces that can support both established merchants and developing e-commerce needs. Adaptability is paramount in this continuously changing environment. </span> </p> <p> <br/> </p> <p> <span> Many industry insiders think that a hybrid model that combines the best aspects of both brick-and-mortar and e-commerce will be the future of retail real estate rather than a binary decision between the two. The 'phygital' stores that combine the physical and digital into a single shopping experience may very well define the retail landscape of the future. </span> </p> <p> <br/> </p> <p> <span> Commercial real estate owners and investors should concentrate on buying adaptive and versatile assets if they want to succeed in this new retail environment. Take advantage of the chance to innovate and diversify your retail real estate portfolio by embracing the new normal. </span> </p> <p> <br/> </p> <p> <span> Are you a retail real estate owner ready to adapt and thrive in this new retail era? Let's explore the opportunities that lie in this hybrid landscape together. Harness the power of both brick-and-mortar and e-commerce with expert guidance. Contact us today to future-proof your retail real estate investments! </span> </p> <p> <span> <span>  </span> <br/> </span> </p> </div> Fri, 21 Jul 2023 22:48:37 GMT https://www.marcperlof.com/retail-showdown-will-brick-and-mortar-stores-outlast-e-commerce-the-untold-story thumbnail main image https://www.marcperlof.com/brace-yourself-for-2023-interest-rates-payrolls-your-wallet-a-twisted-tale-unravels <div data-rss-type="text"> <p> <span> Ever noticed how the pieces of a puzzle come together to paint a fascinating picture? Similarly, diverse economic factors such as job payroll reports, wage increases, and global economic indicators, all link together, painting a dynamic picture of our economy. With 2023 halfway through, it's high time we analyze this economic jigsaw and attempt to forecast the rest of the year's monetary milieu, particularly in the realm of interest rates. </span> </p> <p> <br/> </p> <p> <span> <span> The </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/JobPayrollReports" target="_blank"> #JobPayrollReports </a> <span> , our first piece of the puzzle, have been encouraging, showing consistent growth in the number of paychecks issued over recent months. It's clear that businesses are hiring, and people are working—a positive sign of a thriving economy. But, it's essential to look beyond the surface and understand the underlying trends, which brings us to our next piece of the puzzle—#WageIncreases. </span> </p> <p> <br/> </p> <p> <span> In the past, wage growth was slow, but we've seen a welcome change in 2023. Paychecks have been getting fatter, but does it mean more money in your pockets? Inflation and cost of living adjustments may have you thinking twice. </span> </p> <p> <br/> </p> <p> <span> <span> Then there are </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/GlobalEconomicIndicators" target="_blank"> #GlobalEconomicIndicators </a> <span> . From China's industrial production to Germany's consumer confidence, these cues from around the world provide insight into the health of the global economy, which in turn influences our domestic economic environment. </span> </p> <p> <br/> </p> <p> <span> Recent words from Federal Chairman Jerome Powell have set the financial world abuzz. His statements suggest that the Federal Reserve is closely monitoring these indicators to make informed decisions about future policy. </span> </p> <p> <br/> </p> <p> <span> So, what about interest rates? Interest rates impact everything from your mortgage payments to your investment returns. Given the positive employment situation and increased wage growth, it would typically suggest an upward movement in interest rates. However, the Federal Reserve must also consider global economic indicators and domestic inflation, which could counterbalance these factors. </span> </p> <p> <br/> </p> <p> <span> The question remains, are we about to see a significant shift in interest rates for the rest of 2023? Only time will tell, but this economic symphony certainly makes for an intriguing watch. </span> </p> <p> <br/> </p> <p> <span> As we compile these economic pieces to form our 2023 jigsaw, it's clear that we are navigating through interesting times. The strengthening job market, encouraging wage increases, and global economic stability are all signs of a vibrant economy. </span> </p> <p> <br/> </p> <p> <span> Yes, there may be potential rate hikes on the horizon, but remember, these are tools used to sustain the economy's health, ensuring long-term stability by keeping inflation in check. And in a dynamic economy, what might seem like a challenge today, can actually be an opportunity for tomorrow. </span> </p> <p> <br/> </p> <p> <span> Even in the retail real estate sector, while potential interest hikes might increase borrowing costs, they can also motivate investors and landlords to innovate, optimize their portfolios, and explore new retail models. </span> </p> <p> <br/> </p> <p> <span> In Jerome Powell's words and actions, we find a commitment to prudent and responsive economic management, continually adjusting to maintain the delicate balance that keeps our economy healthy and prosperous. </span> </p> <p> <br/> </p> <p> <span> In essence, despite the ebbs and flows, the outlook for the rest of 2023 carries an undercurrent of optimism. It's a testament to our economy's resilience, its ability to adapt and thrive amid changing circumstances. As we move forward, this resilience will continue to shape our economic narrative, and therein lies our strength. </span> </p> <p> <br/> </p> <p> <span> So, are you ready to stay ahead of the curve? Are you prepared for potential changes in the financial landscape? </span> </p> <p> <br/> </p> <p> <span> Now that you've gained insight into the potential economic outlook for the rest of 2023, isn't it time to take action? Subscribe to our Weekly Perl email now and stay updated with the latest in the world of retail real estate, tailored just for you. Together, we can navigate the ever-changing economic landscape, one update at a time. DM me now because your financial retail real estate future awaits you. Let's embark on this journey together! </span> </p> <p> <span> <span>  </span> <br/> </span> </p> </div> Tue, 18 Jul 2023 22:52:04 GMT https://www.marcperlof.com/brace-yourself-for-2023-interest-rates-payrolls-your-wallet-a-twisted-tale-unravels thumbnail main image https://www.marcperlof.com/retail-real-estate-the-5-wealthy-elite-s-tax-slashing-secret <div data-rss-type="text"> <p> <span> <span> Insight 1: Turbocharge Your Wealth with the Tax-Sheltering Power of Retail Real Estate. </span> </span> </p> <p> <br/> </p> <p> <span> Owning retail real estate is a proven way to minimize taxes and safeguard your income. By investing in high-quality retail properties, you can take advantage of depreciation and other tax deductions to dramatically reduce your taxable income. To implement this strategy, partner with an experienced retail real estate agent/broker to identify prime retail properties in growing markets. The benefit? More of your hard-earned money stays in your pocket, accelerating your wealth growth. </span> </p> <p> <br/> </p> <p> <span> Tips: </span> </p> <p> <span> 1.    Research tax advantages specific to retail real estate investments. </span> </p> <p> <span> 2.    Network with other High Net Worth Individuals to learn from their experiences. </span> </p> <p> <span> 3.    Consult with a tax advisor who specializes in retail real estate. </span> </p> <p> <br/> </p> <p> <br/> </p> <p> <span> <span> Insight 2: Harness the Power of Leverage to Multiply Your Retail Real Estate Investments. </span> </span> </p> <p> <br/> </p> <p> <span> The ability to leverage your investments is a key advantage of retail real estate. By obtaining financing for your properties, you can acquire more assets with less cash out-of-pocket. Work with a knowledgeable retails real estate agent/broker and mortgage broker to secure the best financing options for your situation. By leveraging your investments, you'll amplify your returns and increase your net worth faster. </span> </p> <p> <br/> </p> <p> <span> Tips: </span> </p> <p> <span> 1.    Seek out reliable retail real estate agents/brokers and mortgage brokers with experience in retail real estate. </span> </p> <p> <span> 2.    Study the different types of loans available for retail property investments. </span> </p> <p> <span> 3.    Maintain a strong credit score to secure better financing options. </span> </p> <p> <br/> </p> <p> <br/> </p> <p> <span> <span> Insight 3: Diversify Your Portfolio with Retail Real Estate to Minimize Risk </span> </span> </p> <p> <br/> </p> <p> <span> Retail real estate investment offers unique diversification benefits, which help to protect your wealth. By adding retail properties to your portfolio, you can spread risk across various asset classes, thereby reducing overall exposure. To achieve optimal diversification, work with a retail real estate agent who understands the retail real estate market. You'll enjoy increased stability and long-term growth. </span> </p> <p> <br/> </p> <p> <span> Tips: </span> </p> <p> <span> 1.    Assess your current portfolio to identify gaps in diversification. </span> </p> <p> <span> 2.    Research various retail property types, such as strip malls, shopping centers, stand-alone stores, and single tenant net lease. </span> </p> <p> <span> 3.    Develop a long-term investment plan that includes retail real estate. </span> </p> <p> <br/> </p> <p> <br/> </p> <p> <span> <span> Insight 4: Generate Passive Income with Retail Real Estate for Financial Freedom </span> </span> </p> <p> <br/> </p> <p> <span> Retail real estate investments can provide a consistent stream of passive income. By leasing your properties to reliable tenants, you can earn rent without the need for daily involvement. To find the best tenants, work with a property manager who specializes in retail real estate. This passive income allows you to focus on other wealth-building activities, creating true financial freedom. </span> </p> <p> <br/> </p> <p> <span> Tips: </span> </p> <p> <span> 1.    Learn about the factors that impact rental rates in your target market. </span> </p> <p> <span> 2.    Create a list of potential tenants, focusing on those with strong financials and growth potential. </span> </p> <p> <span> 3.    Build relationships with property managers who have a proven track record in retail real estate. </span> </p> <p> <br/> </p> <p> <br/> </p> <p> <span> <span> Insight 5: Capitalize on the Appreciation Potential of Retail Real Estate to Skyrocket Your Wealth </span> </span> </p> <p> <br/> </p> <p> <span> Retail real estate investments often appreciate over time, further boosting your wealth. By strategically choosing locations with strong growth potential, you can maximize your properties' appreciation. Collaborate with a market-savvy retail real estate agent/broker to identify these prime investment opportunities. As your retail real estate assets appreciate, your wealth will multiply, propelling you into the Top 1% of the world's wealthiest individuals. </span> </p> <p> <br/> </p> <p> <span> Tips: </span> </p> <p> <span> 1.    Familiarize yourself with the factors that drive retail real estate appreciation. </span> </p> <p> <span> 2.    Monitor market trends and growth indicators in your target areas. </span> </p> <p> <span> 3.    Align with a retail real estate broker who has deep knowledge of the market and a track record of success. </span> </p> <p> <span> <br/> </span> </p> </div> Thu, 18 May 2023 22:59:45 GMT https://www.marcperlof.com/retail-real-estate-the-5-wealthy-elite-s-tax-slashing-secret thumbnail main image https://www.marcperlof.com/boost-cash-flow-outsmart-inflation-5-retail-property-strategies <div data-rss-type="text"> <p> <span> <span> Insight 1: Smart Rent Adjustments to Beat Inflation </span> </span> </p> <p> <br/> </p> <p> <span> <span> Problem: Your retail real estate investment's true value is being eroded by stagnant rental income growth that cannot keep up with inflation. </span> </span> </p> <p> <br/> </p> <p> <span> <span> Solution: If you want to make sure that your rental income keeps up with inflation, use a clever technique of annual rent increases correlated to the Consumer Price Index (CPI). </span> </span> </p> <p> <br/> </p> <p> <span> Benefit: By keeping rent increases in line with inflation, you'll protect the value of your retail real estate investment and preserve purchasing power. </span> </p> <p> <br/> </p> <p> <span> <span> Tips: </span> </span> </p> <p> <span> <span> a) Investigate historical CPI trends in your area to comprehend local inflation rates. </span> </span> </p> <p> <span> <span> b) Reassess your lease agreements and contemplate adding a CPI-linked rent increase clause. </span> </span> </p> <p> <span> c) Communicate transparently with your tenants about the logic behind these adjustments, emphasizing the mutual benefits of preserving property value. </span> </p> <p> <br/> </p> <p> <br/> </p> <p> <span> Insight 2: Using Equity to Expand Your Portfolio </span> </p> <p> <br/> </p> <p> <span> <span> Problem: The value of your property has increased, but you aren't using that equity to increase your passive income. </span> </span> </p> <p> <br/> </p> <p> <span> <span> Solution: To invest in more high-yield retail buildings, think about refinancing or obtaining an equity line of credit (ELOC). </span> </span> </p> <p> <br/> </p> <p> <span> Benefit: By using the equity in your property, you can continue to own your current property while acquiring additional assets that provide income. </span> </p> <p> <br/> </p> <p> <span> <span> Tips: </span> </span> </p> <p> <span> <span> a) Consult a retail real estate expert to determine the optimal refinancing or ELOC alternatives for your situation. </span> </span> </p> <p> <span> <span> b) Investigate promising retail property markets with potential for lucrative returns. </span> </span> </p> <p> <span> c) Develop a well-defined plan for employing the borrowed funds to maximize the benefits of this strategy. </span> </p> <p> <br/> </p> <p> <br/> </p> <p> <span> <span> Insight 3 : Benefits to Taxes of Strategic Property Improvements </span> </span> </p> <p> <br/> </p> <p> <span> <span> Problem: You're disregarding the tax benefits and advantages of depreciation related to property renovations. </span> </span> </p> <p> <br/> </p> <p> <span> <span> Solution: Invest in property improvements that add value, improve tenant contentment, and raise the asset's overall value. </span> </span> </p> <p> <br/> </p> <p> <span> Benefit: By making tactical adjustments, you'll increase cash flow and take advantage of tax breaks. </span> </p> <p> <br/> </p> <p> <span> <span> Tips: </span> </span> </p> <p> <span> a) Pinpoint high-impact upgrades that will entice tenants and elevate property value. </span> </p> <p> <span> <span> b) Consult a tax advisor to comprehend the full scope of deductions and depreciation benefits available. </span> </span> </p> <p> <span> c) Strategize and budget for upgrades to minimize disruption to tenants and maximize return on investment. </span> </p> <p> <br/> </p> <p> <br/> </p> <p> <span> <span> Insight 4: Benefits of Triple Net Lease (NNN) </span> </span> </p> <p> <br/> </p> <p> <span> <span> Problem: Managing retail properties is a lot of work and takes your attention away from increasing your wealth. </span> </span> </p> <p> <br/> </p> <p> <span> <span> Solution: Switch to a triple net lease arrangement where tenants are responsible for upkeep, insurance, and property taxes. </span> </span> </p> <p> <br/> </p> <p> <span> Benefit: By adopting a hands-off approach, you free up time and energy to focus on refining your retail real estate investment plan. </span> </p> <p> <br/> </p> <p> <span> <span> Tips: </span> </span> </p> <p> <span> <span> a) Evaluate your current lease structure and ascertain if a transition to NNN leases is viable. </span> </span> </p> <p> <span> <span> b) Consult with a real estate attorney to draft or revise lease agreements. </span> </span> </p> <p> <span> c) Communicate the advantages of this lease structure to tenants, emphasizing the increased autonomy and predictability it provides. </span> </p> <p> <br/> </p> <p> <br/> </p> <p> <span> <span> Insight 5: Using Real Estate Investment Trusts (REITs) to diversify </span> </span> </p> <p> <br/> </p> <p> <span> <span> Problem: Investing too heavily in retail properties exposes your portfolio to market risk and volatility. </span> </span> </p> <p> <br/> </p> <p> <span> <span> Solution: Invest in Real Estate Investment Trusts (REITs) that are focused on different property kinds to diversify your investing portfolio. </span> </span> </p> <p> <br/> </p> <p> <span> Benefit: A diversified portfolio reduces risk and exposure while offering the chance for greater returns in the market for commercial real estate. </span> </p> <p> <br/> </p> <p> <span> <span> Tips: </span> </span> </p> <p> <span> <span> a) Research a variety of REITs to find those focused on property types that complement your existing retail real estate investments. </span> </span> </p> <p> <span> <span> b) Consult an experienced retail real estate agent to determine the ideal allocation of your investment capital. </span> </span> </p> <p> <span> c) Regularly review your portfolio to ensure it remains balanced and aligned with your financial objectives. </span> </p> <p> <span> <br/> </span> </p> </div> Thu, 18 May 2023 22:58:23 GMT https://www.marcperlof.com/boost-cash-flow-outsmart-inflation-5-retail-property-strategies thumbnail main image https://www.marcperlof.com/boost-your-retail-real-estate-roi-5-reasons-to-partner-with-a-specialist-agent-broker <div data-rss-type="text"> <p> <span> Insight 1: Maximize Profit with Laser-Focused Expertise </span> </p> <p> <br/> </p> <p> <span> Investors may experience difficulty navigating the intricate world of retail real estate, leaving them feeling disoriented and overwhelmed. You can take advantage of a retail real estate agent/agent/broker specialist's unrivaled experience and understanding by working with them. These experts can spot undiscovered chances, assisting you in securing the ideal off-market assets. They have a wealth of knowledge and a thorough understanding of the market, which can help you make better judgments and increase your profitability. </span> </p> <p> <br/> </p> <p> <span> Tips: </span> </p> <p> <span> 1.    Look for a agent/agent/broker with a proven track record in retail real estate. </span> </p> <p> <span> 2.    Ask for references and testimonials from previous clients. </span> </p> <p> <span> 3.    Attend industry events to network and connect with potential specialist agent/brokers. </span> </p> <p> <br/> </p> <p> <br/> </p> <p> <span> Insight 2: Boost Efficiency with Tailored Strategies </span> </p> <p> <br/> </p> <p> <span> Particularly in the realm of real estate investing, time is money. It can be difficult for retail real estate investors to sort through numerous properties that don't fit their criteria. A specialist in retail real estate agent/brokers will create individualized plans to expedite your search, saving you precious time and effort. To keep you one step ahead of the competition, your agent/agent/broker will use their vast network to find special off-market deals. </span> </p> <p> <br/> </p> <p> <span> Tips: </span> </p> <p> <span> 1.    Clearly communicate your investment goals to your agent/agent/broker. </span> </p> <p> <span> 2.    Regularly review your strategy with your agent/broker to ensure alignment. </span> </p> <p> <span> 3.    Stay proactive in providing feedback to your agent/broker for continued improvement. </span> </p> <p> <br/> </p> <p> <br/> </p> <p> <span> Insight 3: Minimize Risk with Expert Guidance </span> </p> <p> <br/> </p> <p> <span> Investing in retail real estate can be dangerous since there are dangers around every bend. You may navigate these dangers with the aid of a retail real estate agent/broker specialist who can provide knowledgeable direction and assistance. Your agent/broker will assist you in making informed judgments by helping you to spot potential problems and negotiating advantageous conditions. The outcome? decreased risk and more assurance for you as an investor. </span> </p> <p> <br/> </p> <p> <span> Tips: </span> </p> <p> <span> 1.    Discuss risk tolerance and concerns with your agent/broker. </span> </p> <p> <span> 2.    Collaborate with your agent/broker on conducting thorough due diligence. </span> </p> <p> <span> 3.    Leverage your agent/broker's experience in navigating challenging situations. </span> </p> <p> <span> <span>  </span> </span> </p> <p> <span> Insight 4: Unlock Growth Opportunities with Insider </span> </p> <p> <br/> </p> <p> <span> There are dangers and potential problems when investing in retail real estate. Retail real estate investors frequently lose out on profitable opportunities because they lack the inside information necessary to identify them. A retail real estate agent/broker specialist has their finger on the market's pulse and can give you access to undiscovered opportunities and priceless insights. You'll get a significant advantage in the cutthroat world of real estate investing by working with an expert to identify growth opportunities that others might miss. </span> </p> <p> <br/> </p> <p> <span> Tips: </span> </p> <p> <span> 1.    Stay informed on market trends through regular updates from your agent/broker. </span> </p> <p> <span> 2.    Be open to exploring new markets or niches as recommended by your agent/broker. </span> </p> <p> <span> 3.    Leverage your agent/broker's connections for access to exclusive deals. </span> </p> <p> <br/> </p> <p> <br/> </p> <p> <span> <span> Insight 5: Enhance Negotiating Power with a Dedicated Advocate </span> </span> </p> <p> <br/> </p> <p> <span> A retail real estate purchase can be made or broken during negotiations, and novice investors frequently find themselves outwitted. You will have a devoted ally on your side if you work with a retail real estate agent/broker specialist. In order to acquire the most advantageous offers and increase your profits, your agent/broker will use their significant experience to negotiate the finest conditions on your behalf. </span> </p> <p> <br/> </p> <p> <span> Tips: </span> </p> <p> <span> 1.    Clearly outline your priorities and non-negotiables to your agent/broker. </span> </p> <p> <span> 2.    Trust your agent/broker's expertise during the negotiation process. </span> </p> <p> <span> 3.    Stay engaged and informed throughout negotiations to support your agent/broker's efforts. </span> </p> <p> <span> <br/> </span> </p> </div> Thu, 18 May 2023 22:55:28 GMT https://www.marcperlof.com/boost-your-retail-real-estate-roi-5-reasons-to-partner-with-a-specialist-agent-broker thumbnail main image https://www.marcperlof.com/maximize-your-retail-real-estate-wealth-5-signs-to-reinvest-for-unstoppable-growth <div data-rss-type="text"> <p> <span> <span> Insight 1: Spotting the Optimal Equity Growth Curve </span> </span> </p> <p> <br/> </p> <p> <span> Maximizing your investment requires knowing when your property has seen its maximum equity growth. By locating this ideal position, you can use your equity as a source of reinvestment. To do this, determine when to cash out by analyzing market conditions and past trends. The advantage? You'll have the opportunity to reinvest in fresh prospects that provide even bigger rewards. </span> </p> <p> <br/> </p> <p> <span> Tips: </span> </p> <p> <span> 1.    Study market trends and compare them to your property's performance. </span> </p> <p> <span> 2.    Collaborate with a specialized commercial real estate agent to forecast equity growth. </span> </p> <p> <span> 3.    Regularly review your property's valuation and market conditions. </span> </p> <p> <br/> </p> <p> <br/> </p> <p> <span> <span> Insight 2: Diversification as a Key to Stability </span> </span> </p> <p> <br/> </p> <p> <span> Dependence on only one investment carries some risk. Your portfolio's diversification guarantees long-term stability and lessens the effects of market swings. Consider reinvesting in several retail real estate projects with various risk profiles in order to accomplish this. The outcome? A portfolio of investments that is more solid and resilient. </span> </p> <p> <br/> </p> <p> <span> Tips: </span> </p> <p> <span> 1.    Research different retail real estate sectors and locations. </span> </p> <p> <span> 2.    Allocate your investments based on your risk tolerance. </span> </p> <p> <span> 3.    Consult with an investment advisor to build a diversified portfolio. </span> </p> <p> <br/> </p> <p> <br/> </p> <p> <span> <span> Insight 3: Timing the Market for Maximum Returns </span> </span> </p> <p> <br/> </p> <p> <span> When investing in real estate, timing is crucial. You can choose the ideal time to use your equity for reinvestment by carefully examining market conditions. To achieve this, be abreast of any developments that may affect the retail sector, as well as regional and national market trends. The benefit? You'll be able to take advantage of the best opportunities to make money and grow your wealth. </span> </p> <p> <br/> </p> <p> <span> Tips: </span> </p> <p> <span> 1.    Subscribe to industry newsletters and attend local real estate events. </span> </p> <p> <span> 2.    Build a network of professionals who can provide valuable market insights. </span> </p> <p> <span> 3.    Regularly analyze market data to make informed decisions. </span> </p> <p> <br/> </p> <p> <br/> </p> <p> <span> Insight 4: Leveraging Tax Benefits for Strategic Reinvestment </span> </p> <p> <br/> </p> <p> <span> Reinvesting your equity may provide substantial tax benefits. Utilizing a 1031 tax-deferred exchange, which enables you to postpone capital gains taxes by reinvesting your proceeds into a like-kind property, is one way to carry out this strategy. The advantage? There will be more money at your disposal for investing, which might result in exponential development. </span> </p> <p> <br/> </p> <p> <span> Tips: </span> </p> <p> <span> 1.    Familiarize yourself with the requirements and deadlines for 1031 exchanges. </span> </p> <p> <span> 2.    Consult with a tax professional to ensure compliance and maximize benefits. </span> </p> <p> <span> 3.    Identify potential replacement properties in advance to streamline the exchange process. </span> </p> <p> <br/> </p> <p> <br/> </p> <p> <span> <span> Insight 5: The Power of Networking for Uncovering Hidden Gems </span> </span> </p> <p> <br/> </p> <p> <span> It can be hard to find the ideal investing opportunity. You'll gain access to off-market bargains and priceless industry information by growing your professional network. To engage with other retail real estate investors, go to industry events, join local organizations, and cultivate a strong network. The benefit? Finding undiscovered treasures that can result in significant profits. </span> </p> <p> <br/> </p> <p> <span> Tips: </span> </p> <p> <span> 1.    Attend conferences, workshops, and networking events to meet other professionals. </span> </p> <p> <span> 2.    Join real estate investment groups and online forums. </span> </p> <p> <span> 3.    Foster relationships with key industry players and maintain regular communication. </span> </p> <p> <span> <br/> </span> </p> </div> Tue, 09 May 2023 23:01:03 GMT https://www.marcperlof.com/maximize-your-retail-real-estate-wealth-5-signs-to-reinvest-for-unstoppable-growth thumbnail main image https://www.marcperlof.com/weekly-retail-real-estate-news-may-5-2023 <div data-rss-type="text"> <h5> <span> Fed's Anticipated .25% Rate Hike Ushers in New Opportunities </span> </h5> <p> <span> <br/> </span> </p> <p> <span> On May 3, 2023, the Federal Reserve raised its benchmark interest rate by a much-anticipated 0.25%, presenting a plethora of new opportunities and challenges for the retail real estate industry. In this blog article, we'll examine how this rate hike effects cap rates and property values while also exploring potential future situations. We'll explore the prospective effects on retail real estate values and cap rates for the remainder of 2023 and into 2024, taking into account the impact of inflation and unemployment patterns, regardless of whether the Fed decides to pause or continue raising rates. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=2b455fa4a0&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=808991c80c&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Olive Garden Parent Darden to Acquire Ruth’s Chris in $715M Deal </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Olive Garden parent Darden Restaurants Inc. has entered into an agreement to acquire the 154-unit Ruth's Hospitality Group Inc. in a deal valued at about $715 million, the companies said Wednesday. Orlando, Fla.-based Darden, which also owns the LongHorn Steakhouse and Cheddar’s Scratch Kitchen brands among others, said it will commence a tender offer of $21.50 a share for Ruth’s shares in an all-cash transaction. Fine-dining steakhouse Ruth’s Chris is based in Winter Park, Fla. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=571db8b815&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=14dcf004e4&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> 4 Sandwich Chains Attempting To Make a Comeback </span> </h5> <p> <br/> </p> <p> <span> Many people lean on sandwiches as a healthier option in the world of fast food, and others enjoy the convenience of a good meal on the go when they're tight on time and money. But while some of the big sandwich chains have been able to weather inflation and lingering COVID-related setbacks, like Jersey Mike's, others, like Subway and Potbelly, have faced store closures and loss of revenue. A few other famous brands are still attempting to make recover and resurge from massive drops in foot traffic, economic pressures, and customers' food quality preferences. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=277c6ac91a&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=6ca8d020c5&amp;e=e51f618df5" target="_blank"> ... </a> </p> <p> <br/> </p> </div> <div data-rss-type="text"> <h5> <span> Inglewood Transit Connector Secures Additional $100M Towards Construction Costs </span> </h5> <p> <span> <br/> </span> </p> <p> <span> In a show of unanimous support for the Inglewood Transit Connector (ITC) project, the South Bay Cities Council of Governments (SBCCOG) voted yesterday to re-prioritize over $100 million originally allocated to fund a proposed Centinela grade separation project, to instead serve as “backstop” or reserve funding, for the ITC. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=158e28b5bc&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=d1bd0d64de&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Hinano Cafe Celebrates 60 Years in Venice Beach </span> </h5> <p> <span> <br/> </span> </p> <p> <span> In the ever changing landscape of Los Angeles, locals in Venice Beach have found a second home at Hinano Cafe, a local bar celebrating 60 years of being, what owner Mark Van Gessel calls “the Cheers of Venice.” “At Hinano somehow all the different issues seem to disappear,” Van Gessel said. “Young or old, straight, gay, [or] other preference, all ethnicities; everyone gets along.  It's a really great feeling to see all the different barriers disappear and people just get along.” </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=d36f8008ea&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=649d8718bb&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Duck Donuts Races Ahead, Ready For Its Next Act </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Betsy Hamm heard through a friend Duck Donuts was moving its headquarters to Mechanicsburg, Pennsylvania, and searching for a marketing leader. What she wasn’t familiar with, though, was the brand itself. The population last year of its origin town—Duck, North Carolina—was 782 full-time residents. The Outer Banks vacation spot, which sees that number climb over 20,000 during peak season, is the 11,252th largest city in America. But Duck Donuts knows how to leave an impression. Hamm, a Pennsylvania native with 15 years at Hershey Entertainment &amp; Resorts on her resume, texted a couple of confidants who had visited the concept’s day one store on the Sound side of the sandbar island. </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=e1a49ad1b6&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=c008082dfb&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Most Popular Grocery Chain in US States </span> </h5> <p> <span> <br/> </span> </p> <p> <span> With a rising number of grocers sprouting up, chains have been devising unique tactics to stay ahead. A recent report from Placer.ai, a location analytics and foot traffic data company, identified the most-favored grocery stores in states across the country. Kroger, one of the nation’s retail powerhouses, was the most popular grocery store in six states across the Midwest and South, including Ohio where local shoppers visited the chain 42% of the time in March, the most recent data available, while customers in Indiana were also found to prefer Kroger over other grocers, with visit shares of 34%. Mississippi shoppers visited 43% of the time, and the rate in Tennessee was 35%. In Kentucky and West Virginia, Kroger was also crowned the top grocery chain, with visit shares of 59% and 51%. </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=33e71846dc&amp;e=e51f618df5" target="_blank"> <br/> </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=33e71846dc&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=d2346d723e&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Ikea's Plans To Open In Ontario Run Into Zoning Snag </span> </h5> <h5> <span> <br/> </span> </h5> <p> <span> <span> Plans that have been in the works since 2019 to bring an Ikea to Ontario, California, have stalled. The home furnishings giant had originally planned a retail location but decided to instead develop a distribution center after the pandemic began. But the city of Ontario shut that idea down, the Inland Valley Daily Bulletin reported this week. </span> </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=463e4cd615&amp;e=e51f618df5" target="_blank"> <br/> </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=463e4cd615&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=3d9cf33de6&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Cannabis Industry Prefers Property Leasing Over Purchasing, Survey Says </span> </h5> <p> <span> <br/> </span> </p> <p> <span> The legalized cannabis industry appears to be moving more rapidly toward leasing property as opposed to buying it as new states open up for sales, creating more competition. A decline in cannabis prices that began last summer caused the industry to rethink its property needs. The National Association of Realtors has observed the direct effects on multiple facets of real estate, according to the trade group, which surveyed its members in March and released a report last week. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=97a77afea3&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=c0c16974a5&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> This Analyst Believes Banks Will Extend CRE Loans As Maturities Come Due </span> </h5> <p> <span> <br/> </span> </p> <p> <span> No one is quite sure what will happen when the wave of CRE loan maturities start to come due this year and into the next few.  Aaron Jodka, Colliers’ research director of U.S. Capital Markets, has his theories though. He believes that banks and other lenders may be willing to renew or extend loans for the coming wave of maturities coming due as long as they meet coverage ratios. He also believes, according to a post he wrote, that borrowers who had interest rate swaps should be able to work with lenders on rate buydowns. </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=027be99045&amp;e=e51f618df5" target="_blank"> <br/> </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=027be99045&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=9221b8461b&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> National Landing's Retailers Are Counting On Strong Foot Traffic. Can Amazon Deliver? </span> </h5> <p> <span> <br/> </span> </p> <p> <span> As Amazon prepares to unveil the first new buildings of its HQ2 campus this summer — a pair of towers totaling 2.1M SF of office space — the tech giant and its development partner are adding a huge roster of retailers and restaurants to the area. The key question for the neighborhood now becomes: Will there be a big enough boost in foot traffic to support those businesses? </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=a9f5c9a156&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=0cd4cc8154&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Mall Owners Face Loss of Bed Bath &amp; Beyond, Franklin BSP Recoups Hotel Loan, Cleveland Hotel Refinances After Canceled Sale </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Mall Owners Face Loss of Bed Bath &amp; Beyond: Landlords with commercial mortage-backed securities loans on more than 120 U.S. shopping malls have exposure to Bed Bath &amp; Beyond, which filed for bankruptcy protection as its looks for buyers, according to bond-rating firm DBRS Morningstar. Those borrowers are holding loans on properties with balances of more than $5.33 billion and many are now facing the loss of one of their largest tenants. Collectively, the malls are appraised at nearly $10 billion. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=8ad734b9a2&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=381211b9a1&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> Fri, 05 May 2023 23:19:10 GMT https://www.marcperlof.com/weekly-retail-real-estate-news-may-5-2023 thumbnail main image https://www.marcperlof.com/unlock-secrets-to-retail-loan-refinancing-with-equity-kickers <div data-rss-type="text"> <p> <span> An equity kicker is a clause included to a loan agreement in the field of lending for commercial real estate that gives the lender a stake in the real estate or a share of future earnings in exchange for more lenient loan terms. When it comes to refinancing retail loans in a high-interest rate climate, this option can significantly alter the situation. </span> </p> <p> <br/> </p> <p> <span> When your retail loan matures, an equity kicker enables you to bargain with your lender to incorporate it in the new loan deal. The lender might provide a reduced interest rate or more accommodating repayment conditions in exchange for a share of your property's potential future earnings or equity, making it easier for you to refinance your retail property loan. </span> </p> <p> <br/> </p> <p> <span> <span> Because it matches their interests and motivates the lender to support the borrower's success in their retail property venture, this strategy can be advantageous to both borrowers and lenders. Refinancing your retail loan in a high-interest rate environment might be made more bearable and less stressful by using an equity kicker. Investigate the potential of equity kickers if you're thinking about refinancing your retail loan, but are worried about high interest rates. Ask us at </span> </span> <a href="mailto:marcperlof@gmail.com" target="_blank"> marcperlof@gmail.com </a> <span> <span> if this plan is appropriate for you. </span> </span> </p> <p> <span> <br/> </span> </p> </div> Thu, 04 May 2023 21:48:20 GMT https://www.marcperlof.com/unlock-secrets-to-retail-loan-refinancing-with-equity-kickers thumbnail main image https://www.marcperlof.com/blackstone-focused-on-real-estate-assets-and-asia-expansion <div data-rss-type="text"> <p> <span> <span> With a strong track record in various asset classes, Blackstone's new $30bn fund to focus on logistics, life sciences, multifamily and industrial real estate. Asia expansion to continue with a focus on Japan, Australia, and India. </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/Investment" target="_blank"> #Investment </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/RealEstate" target="_blank"> #RealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/AsiaExpansion" target="_blank"> #AsiaExpansion </a> <span> <br/> </span> </p> </div> Fri, 28 Apr 2023 21:59:00 GMT https://www.marcperlof.com/blackstone-focused-on-real-estate-assets-and-asia-expansion thumbnail main image https://www.marcperlof.com/blackstone-reveals-30bn-fund-focus-in-real-estate <div data-rss-type="text"> <p> <span> <span> Blackstone, the world's largest real estate private equity firm, to focus new $30bn fund on logistics, life sciences, multifamily and industrial real estate. Plans to expand presence in Asia and invest in sustainability. </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/Blackstone" target="_blank"> #Blackstone </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/RealEstate" target="_blank"> #RealEstate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/Investment" target="_blank"> #Investment </a> <span> <br/> </span> </p> </div> Fri, 28 Apr 2023 21:55:14 GMT https://www.marcperlof.com/blackstone-reveals-30bn-fund-focus-in-real-estate thumbnail main image https://www.marcperlof.com/blackstone-goes-green-invests-in-retrofitting-buildings-and-expands-in-asia <div data-rss-type="text"> <p> <span> <span> Blackstone to invest in retrofitting existing buildings, improving energy efficiency and reducing carbon emissions. Also to expand in Asia, targeting Japan, Australia, and India. </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/Sustainability" target="_blank"> #Sustainability </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/AsiaExpansion" target="_blank"> #AsiaExpansion </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/RealEstate" target="_blank"> #RealEstate </a> <span> <br/> </span> </p> </div> Fri, 28 Apr 2023 21:51:19 GMT https://www.marcperlof.com/blackstone-goes-green-invests-in-retrofitting-buildings-and-expands-in-asia thumbnail main image https://www.marcperlof.com/will-santa-monica-s-real-estate-transfer-tax-affect-you-measure-gs <div data-rss-type="text"> <p> <span> The ballot measure called MEASURE GS has increased taxes on sales of commercial and residential real estate valued at $8 million or above in Santa Monica [ </span> <a href="https://votersedge.org/ca/es/election/2022-11-08/votersedge.org/ca/en/election/2022-11-08/los-angeles-county/city-of-santa-monica/measure/measure-gs" target="_blank"> 1 </a> <span> ]. The groups and people behind Measure GS distribute brochures and postcards with the statement, "Only wealthy real estate investors will pay this tax," as a marketing strategy [ </span> <a href="https://votersedge.org/ca/es/election/2022-11-08/votersedge.org/ca/en/election/2022-11-08/los-angeles-county/city-of-santa-monica/measure/measure-gs" target="_blank"> 1 </a> <span> ][ </span> <a href="https://smdp.com/2022/10/27/no-on-gs-2/" target="_blank"> 6 </a> <span> ]. However, critics argue that this statement misleads people by suggesting that only wealthy investors will be affected by the tax, while in reality, the tax applies to anyone who sells or transfers a real estate property worth $8 million or more [ </span> <a href="https://smdp.com/2022/10/27/no-on-gs-2/" target="_blank"> 6 </a> <span> ]. </span> </p> <p> <br/> </p> <p> <span> According to the proponents of Measure GS, the tax increase is necessary to fund expansion of the city's services and programs, including public educational programs, that have contributed to the high property values in Santa Monica [ </span> <a href="https://votersedge.org/ca/es/election/2022-11-08/votersedge.org/ca/en/election/2022-11-08/los-angeles-county/city-of-santa-monica/measure/measure-gs" target="_blank"> 1 </a> <span> ]. However, critics argue that the tax increase of 833% on a small group of people is unfair [ </span> <a href="https://smdp.com/2022/10/27/no-on-gs-2/" target="_blank"> 6 </a> <span> ]. Moreover, they question the rationale that the value of a real estate property worth $8 million or more is primarily due to city services, rather than its location or other factors [ </span> <a href="https://smdp.com/2022/10/27/no-on-gs-2/" target="_blank"> 6 </a> <span> ]. </span> </p> <p> <br/> </p> <p> <span> It is important to note that Proposition SM, passed two years ago, increased the Real Estate Transfer Tax on residences valued at $5 million in Santa Monica from $3 per $1000 of real estate valuation to $6 per $1000 of real estate valuation to fund initiatives to address comparable problems. However, it is unclear whether this tax increase has resulted in any significant changes in crime, homelessness, or the administration of affordable housing in the city [ </span> <a href="https://www.postnewsgroup.com/prop-15-do-over-measure-calling-for-commercial-tax-increase-may-show-up-on-2022-ballot/" target="_blank"> 10 </a> <span> ]. </span> </p> <p> <br/> </p> <p> <span> In summary, the groups and people behind Measure GS distribute brochures and postcards with the statement, "Only wealthy real estate investors will pay this tax," as a marketing strategy. However, this statement can be seen as misleading since the tax applies to anyone who sells or transfers a real estate property worth $8 million or more. While the proponents of Measure GS argue that the tax increase is necessary to fund the expansion of the city's services and programs, critics question the fairness of an 833% tax increase on a small group of people and the rationale that the value of a real estate property worth $8 million or more is primarily due to city services. It remains to be seen whether the tax increase will result in any significant changes in crime, homelessness, or the administration of affordable housing in Santa Monica [[1] </span> <span> ( </span> <a href="https://votersedge.org/ca/es/election/" target="_blank"> https://votersedge.org/ca/es/election/ </a> </p> <p> <span> <br/> </span> </p> </div> Thu, 27 Apr 2023 22:26:02 GMT https://www.marcperlof.com/will-santa-monica-s-real-estate-transfer-tax-affect-you-measure-gs thumbnail main image https://www.marcperlof.com/weekly-retail-real-estate-news-april-21-2023 <div data-rss-type="text"> <h5> <span> ‘Gold Rush’ in Artificial Intelligence Expected To Drive Data Center Expansion </span> </h5> <p> <span> <br/> </span> </p> <p> <span> The rapid adoption of new artificial intelligence apps and an intensifying bid for dominance among tech giants Amazon, Google and Microsoft are expected to drive investment and double-digit growth for the data center industry in the next five years. </span> </p> <p> <span> A “gold rush of AI” these days centers on the brisk development of tools such as ChatGPT, according to a new analysis from real estate services firm JLL. Voice- and text-generating AI apps could transform the speed and accuracy of customer service interactions and accelerate demand for computing power, as well as the systems and networks connecting users that data centers provide, the real estate firm said. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=d7a861ce4b&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=28cc8d5157&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Texas Roadhouse Could Soon Become the Largest Restaurant Chain In America </span> </h5> <p> <span> <br/> </span> </p> <p> <span> To say Texas Roadhouse is having a stellar year would be an understatement. The popular steakhouse chain started off 2023 with seven weeks of record foot traffic as it continues to draw in guests with its affordable steaks, massive margaritas, and fun atmosphere. Review site Yelp also recently named Texas Roadhouse as the second most loved restaurant brand in America, only coming behind breakfast and brunch chain First Watch. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=4d77225bb8&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=dba8b5ed1c&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Yet Another Big Boston Chef Is Opening Restaurants in Los Angeles </span> </h5> <p> <span> <br/> </span> </p> <p> <span> One of Boston’s busiest chefs is opening in Santa Monica in the coming weeks, rolling out a trio of fast-casual restaurant concepts inside a walkable food hall right on the Third Street Promenade. The James Beard Award-winning chef Tim Cushman and restaurateur and partner Nancy Cushman — known for Boston restaurants O Ya, Bianca, and others — will open three different restaurant concepts under the same Kitchen United Mix roof, beginning today with some laid-back Japanese food. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=a61b85f386&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=66897c5c1d&amp;e=e51f618df5" target="_blank"> ... </a> </p> <p> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Welcome to the People-First Revolution of Raising Cane’s </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Raising Cane’s is no stranger to the five-year plan. In early 2016, the chicken finger chain had just wrapped up a year at $500 million in sales, 290 locations, and a shade over $2 million in average-unit volumes. It was a bold crystal ball: Triple the size of the company in the next 60 months and reach $1.5 billion. Raising Cane’s “stoutly” did so, co-CEO AJ Kumaran recalls. It finished 2021 at $1.711 billion and $3.85 million AUVs. </span> </p> <p> <br/> </p> <p> <span> But forecasting soon spun sideways. Kumaran was in Cancun when he made the call to cancel Raising Cane’s next large-scale meeting, where it planned to celebrate those marks and announce the next five years. It was one of the first big chains to shutter a major conference due to COVID-19. So Raising Cane’s never did announce a five-year outline to follow the previous one. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=a760ef019f&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=51678c02d2&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> Rite Aid Corporation Reports Fiscal 2023 Fourth Quarter and Full Year Results and Provides Fiscal 2024 Outlook </span> </h5> <p> <span> <br/> </span> </p> <p> <span> For the fourth quarter, the company reported a net loss of $241.3 million, or $4.39 loss per share, Adjusted net loss of $68.2 million, or $1.24 loss per share, and Adjusted EBITDA of $128.6 million, or 2.1 percent of revenues. For the full year, the company reported a net loss of $749.9 million, or $13.71 loss per share, Adjusted net loss of $174.3 million, or $3.19 loss per share, and Adjusted EBITDA of $429.2 million, or 1.8 percent of revenues. The fiscal 2023 fourth quarter and full year results benefited from an extra week in fiscal 2023. </span> </p> <p> <br/> </p> <p> <span> Revenues for the quarter were $6.09 billion compared to revenues of $6.07 billion in the prior year’s quarter, largely due to an extra week in the fourth quarter and increases in both comparable front-end sales and non-COVID prescriptions, partially offset by a reduction in revenue from COVID vaccines and testing, store closures and the loss of commercial clients at Elixir. </span> </p> <p> <br/> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=bdc198ff33&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=7af3b91964&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> QSR Investments Are Less Expensive, Risky Than Other Single Tenant Net Lease Deals </span> </h5> <p> <span> <br/> </span> </p> <p> <span> Investors are finding quick-service restaurants to be easily accessible as a niche market that has a price point significantly less than other single tenant net lease sectors, according to Avison Young’s Net Lease QSR Sector Report 2023. The average sale price is roughly $2.5 million. “At this price point, like many other single tenant net lease sectors, turbulent financial markets present less of a headwind, with most transactions being at a low enough price point that debt markets, and the present uncertainty that comes with those, are not a major consideration facing investors,” according to the report. </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=4479615088&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=4a5c58ee40&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> <div data-rss-type="text"> <h5> <span> As Killer Burger Grows, its Rebellious Spirit Lives On </span> </h5> <p> <span> <br/> </span> </p> <p> <span> <span> For Killer Burger, 2022 set up things to come in the next five to seven years. The fast casual significantly upgraded its tech stack, including a transition to Olo for online ordering and Paytronix for loyalty membership. It also switched its accounting software and began using a new real estate analytics tool for more predictable growth. CEO John Dikos and vice president of finance Adam Sanders are fairly new to the brand as well, with Dikos joining in July 2021 and Sanders following in December of that same year. </span> </span> </p> <p> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=58c86a8306&amp;e=e51f618df5" target="_blank"> <br/> </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=58c86a8306&amp;e=e51f618df5" target="_blank"> Read Full Article </a> <a href="https://kwcommercial.us20.list-manage.com/track/click?u=e8605c0f64dc3256d4b5f230f&amp;id=b8ee7d964d&amp;e=e51f618df5" target="_blank"> ... </a> <span> <br/> </span> </p> </div> Fri, 21 Apr 2023 22:51:10 GMT https://www.marcperlof.com/weekly-retail-real-estate-news-april-21-2023 thumbnail main image https://www.marcperlof.com/extend-your-1031-45-day-identification-period <div data-rss-type="text"> <p> <span> If you live in California in 2023 and own property, you may be aware of the recent severe winter storms, flooding, landslides, and mudslides that have impacted several areas of the state. You might be qualified for IRS tax 1031 tax deferred exchange relief if you were affected by one of these natural catastrophes. </span> </p> <p> <br/> </p> <p> <span> In some California counties, the IRS has granted tax relief for anyone affected by catastrophic winter storms, flooding, landslides, and mudslides. This tax break covers both proposed and actual 1031 tax-deferred exchange agreements. </span> </p> <p> <br/> </p> <p> <span> An investor can switch out one investment property for another via a 1031 exchange, which is a tax-deferred exchange that avoids paying immediate taxes on any possible capital gains. Investors can postpone paying taxes in this way, which could boost their return on investment. </span> </p> <p> <br/> </p> <p> <span> Eligible taxpayers have additional time to execute their 1031 exchanges thanks to the IRS tax relief. An exchange that was intended to be completed between March 9, 2023 and October 16, 2023 now has a deadline of October 16, 2023. Exchanges that were expected to end within this time period as well as those that haven't yet started will both benefit from this extension. </span> </p> <p> <br/> </p> <p> <span> You must be an eligible taxpayer who has been impacted by winter storms, flooding, landslides, or mudslides in the designated disaster area in order to be eligible for this tax relief. People who reside in the covered disaster region as well as companies with their primary place of business there are considered eligible taxpayers. </span> </p> <p> <br/> </p> <p> <span> Taxpayers who are not in the designated disaster area but whose records are required to meet a deadline indicated in Treas. Reg. 301.7508A-1(c) are also eligible for relief. </span> </p> <p> <br/> </p> <p> <span> It is advised that you consult with a qualified tax expert if you think you qualify for this tax relief. They can guide you through the process and make sure you take full advantage of all available relief possibilities. </span> </p> <p> <br/> </p> <p> <span> In conclusion, the IRS has provided qualifying taxpayers harmed by catastrophic winter storms, flooding, landslides, and mudslides in some areas of California with tax relief on 1031 exchanges. Contact a certified tax professional to discuss your choices if you think you qualify for this tax relief and to take advantage of this chance. </span> <span> <br/> </span> </p> </div> Wed, 19 Apr 2023 22:54:08 GMT https://www.marcperlof.com/extend-your-1031-45-day-identification-period thumbnail main image https://www.marcperlof.com/what-is-annual-gross-income <div data-rss-type="text"> <p> <span> For Commercial Real Estate… </span> </p> <p> <span> What is Annual Gross Income? </span> </p> <p> <span>                The total rental income received from tenants for the year. </span> </p> <p> <span>                Monthly rent times 12 (months) </span> </p> <p> <br/> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/cre" target="_blank"> #cre </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/commercialrealestate" target="_blank"> #commercialrealestate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/marcperlofgroup" target="_blank"> #marcperlofgroup </a> <span> <br/> </span> </p> </div> Fri, 14 Apr 2023 22:55:28 GMT https://www.marcperlof.com/what-is-annual-gross-income thumbnail main image https://www.marcperlof.com/why-do-i-need-a-real-estate-agent <div data-rss-type="text"> <p> <span> For Commercial Real Estate… </span> </p> <p> <span> Why do I need a Real Estate Agent? </span> </p> <p> <span>                 </span> </p> <p> <span> Part 2 of 2 </span> </p> <p> <span>                Second, to make sure all potential Buyers have been made aware of the property to make sure you are receiving as many offers as possible and not leaving any money on the table. </span> <span> <br/> </span> </p> </div> Mon, 10 Apr 2023 22:59:02 GMT https://www.marcperlof.com/why-do-i-need-a-real-estate-agent thumbnail main image https://www.marcperlof.com/slowing-us-job-growth <div data-rss-type="text"> <p> <span> Mixed labor market signals may affect retail real estate. Slow job growth and high wages can lower or increase demand for stores and shopping centers depending on how much people shop. This depends on different factors like the pandemic and e-commerce trends. </span> <span> <br/> </span> </p> </div> Fri, 07 Apr 2023 23:00:53 GMT https://www.marcperlof.com/slowing-us-job-growth thumbnail main image https://www.marcperlof.com/why-do-i-need-a-real-estate-agent-april-3-2023 <div data-rss-type="text"> <p> <span> Part 1 of 2 </span> </p> <p> <span>                First, you should hire a real estate agent that specializes in the type of real estate you plan to sell or exchange. This will help to make sure the property is priced right, will not be on the market for a long time, the right Buyer pool will know about the opportunity, and you will have a smoother Escrow process. </span> </p> <p> <br/> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/cre" target="_blank"> #cre </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/commercialrealestate" target="_blank"> #commercialrealestate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/marcperlofgroup" target="_blank"> #marcperlofgroup </a> <span> <br/> </span> </p> </div> Mon, 03 Apr 2023 23:03:36 GMT https://www.marcperlof.com/why-do-i-need-a-real-estate-agent-april-3-2023 thumbnail main image https://www.marcperlof.com/my-2-bits-on-the-collapse-of-svb-and-its-effect-on-commercial-real-estate <div data-rss-type="text"> <p> <span> Commercial real estate may not be directly impacted by the bankruptcy of Silicon Valley Bank in and of itself. Nevertheless, it might lead to greater economic unrest and tightened credit standards, which might have an effect on commercial real estate. </span> </p> <p> <br/> </p> <p> <span> Smaller banks may have a liquidity crisis, making it more difficult for them to lend to businesses, including commercial real estate developers and investors, if uneasy investors keep withdrawing money from smaller banks and moving it into safer investments like government bonds. If the demand for commercial real estate declines, this can cause a pause in new development projects or a drop in property values. </span> </p> <p> <span> <br/> </span> </p> </div> Fri, 24 Mar 2023 23:20:45 GMT https://www.marcperlof.com/my-2-bits-on-the-collapse-of-svb-and-its-effect-on-commercial-real-estate thumbnail main image https://www.marcperlof.com/what-is-a-reverse-build-to-suit <div data-rss-type="text"> <p> <span> A reverse build to suit is where the tenant builds the building to suit their needs/business and the commercial property landowner reimburses the tenant for the costs. The benefit is the commercial property landowner now owns the building, gets depreciation, has a tenant in place, and didn’t have to personally go through any of the permitting and entitlement process with the local government agency. </span> </p> <p> <br/> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/cre" target="_blank"> #cre </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/commercialrealestate" target="_blank"> #commercialrealestate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/marcperlofgroup" target="_blank"> #marcperlofgroup </a> <span> <br/> </span> </p> </div> Mon, 20 Mar 2023 23:26:44 GMT https://www.marcperlof.com/what-is-a-reverse-build-to-suit thumbnail main image https://www.marcperlof.com/what-if-i-have-more-the-250-000-in-an-fdic-insured-bank <div data-rss-type="text"> <p> <span> A great article on what you can due to protect your money in a bank that may become insolvent </span> </p> <p> <br/> </p> <p> <a href="https://www.forbes.com/advisor/banking/ways-to-insure-excess-deposits/" target="_blank"> https://www.forbes.com/advisor/banking/ways-to-insure-excess-deposits/ </a> <span> <span> </span> </span> <span> <br/> </span> </p> </div> Fri, 17 Mar 2023 20:44:41 GMT https://www.marcperlof.com/what-if-i-have-more-the-250-000-in-an-fdic-insured-bank thumbnail main image https://www.marcperlof.com/time-frame-for-a-1033-tax-deferred-exchange <div data-rss-type="text"> <p> <span> For Commercial Real Estate… </span> </p> <p> <span> What is the time frame for a 1033-tax deferred exchange? </span> </p> <p> <span>                 </span> </p> <p> <span> <span>  </span> If your property has been taken via Eminent Domain by a governmental authority (city, county, state, federal), you have up to 2 years from the closing of the sold property to exchange and close Escrow on a new property. There is no identification period as there are no requirements for an investor to identify. This allows a 1033 investor to select any number of properties or investments to complete their exchange. The 1033 exchange is finalized when a purchase takes place and the title is passed to the investor. </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/cre" target="_blank"> #cre </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/commercialrealestate" target="_blank"> #commercialrealestate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/marcperlofgroup" target="_blank"> #marcperlofgroup </a> <span> <br/> </span> </p> </div> Tue, 14 Mar 2023 20:46:18 GMT https://www.marcperlof.com/time-frame-for-a-1033-tax-deferred-exchange thumbnail main image https://www.marcperlof.com/what-is-a-1033-tax-deferred-exchange-and-how-can-i-benefit <div data-rss-type="text"> <p> <span> <span> For Commercial Real Estate… What is a 1033-tax deferred exchange and how can I benefit? A 1033- tax deferred exchange is similar to a 1031 tax deferred exchange in that you are deferring your capital gains tax that is owed if you cash out of the property. The major differences are 1) a government entity takes your property through Eminent Domain, 2) the time you have to identify a new property, and 3) the time to close on that new property.  </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/cre" target="_blank"> #cre </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/commercialrealestate" target="_blank"> #commercialrealestate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/marcperlofgroup" target="_blank"> #marcperlofgroup </a> <span> <br/> </span> </p> </div> Fri, 03 Mar 2023 20:48:06 GMT https://www.marcperlof.com/what-is-a-1033-tax-deferred-exchange-and-how-can-i-benefit thumbnail main image https://www.marcperlof.com/how-does-capital-gains-tax-work-with-a-1031-tax-deferred-exchange <div data-rss-type="text"> <p> <span> For Commercial Real Estate… </span> </p> <p> <span> How does capital gains tax work with a 1031 tax-deferred exchange? </span> </p> <p> <span> <span>               </span> </span> </p> <p> <span> <span> <span>  </span> The Seller is deferring the capital gains tax to be paid at a later date. That date can be anytime in the future when the Seller or their heirs sell the property that has been exchanged into. You will need to know the basis of the original property and the value of the current property. </span> </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/cre" target="_blank"> #cre </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/commercialrealestate" target="_blank"> #commercialrealestate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/marcperlofgroup" target="_blank"> #marcperlofgroup </a> </p> <p> <span> <br/> </span> </p> </div> Mon, 27 Feb 2023 20:49:38 GMT https://www.marcperlof.com/how-does-capital-gains-tax-work-with-a-1031-tax-deferred-exchange thumbnail main image https://www.marcperlof.com/i-dont-want-to-carry-back-financing-because-if-the-buyer-defaults-then-what <div data-rss-type="text"> <p> <span> For Commercial Real Estate… </span> </p> <p> <span> I don’t want to carry back financing because if the Buyer defaults then what? </span> </p> <p> <span> <span>               </span> </span> </p> <p> <span> <span>  </span> Fantastic! You get to sell the property again and make more money. If the Buyer defaults, and you have properly served the Buyer notification of the past payments not being paid, you can foreclose on the Buyer. There will be legal fees to pay for this process and to get the property back. It will also take some time. The benefit is you get to sell the property again and you get to keep the original down payment from the Buyer that defaulted, plus whatever payments the Buyer has made. </span> </p> <p> <span> <br/> </span> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/cre" target="_blank"> #cre </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/commercialrealestate" target="_blank"> #commercialrealestate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/marcperlofgroup" target="_blank"> #marcperlofgroup </a> </p> <p> <span> <br/> </span> </p> </div> Fri, 24 Feb 2023 20:50:54 GMT https://www.marcperlof.com/i-dont-want-to-carry-back-financing-because-if-the-buyer-defaults-then-what thumbnail main image https://www.marcperlof.com/lowest-unemployment-since-1969 <div data-rss-type="text"> <p> <span> <span> With the newest job numbers out, I don't see a recession in Q1 2023 or Q2 2023. </span> </span> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/Screenshot+2024-04-16+045348.jpg" alt="A tv screen shows a news report about jobs for americans"/> </div> Fri, 03 Feb 2023 20:55:04 GMT https://www.marcperlof.com/lowest-unemployment-since-1969 thumbnail main image https://www.marcperlof.com/capital-gains-on-seller-carry-back-financing <div data-rss-type="text"> <p> <span> For Commercial Real Estate… </span> </p> <p> <span> How does capital gains tax work with Seller carry back financing? </span> </p> <p> <br/> </p> <p> <span> Part 1 of 2 </span> </p> <p> <br/> </p> <p> <span> You need to find out your basis in the property. Talk with your Accountant about this dollar amount. You will pay capital gains on the difference between the down payment amount and your basis, if the down payment is greater than your basis. If not, no capital gains tax. The amount you carry back will defer capital gains tax each year. Check back in a few days for an example. </span> </p> <p> <br/> </p> <p> <span> *Always talk with your Accountant or Tax Advisor to determine if Seller Carry Back Financing is the right strategy for your goals. </span> </p> <p> <br/> </p> <p> <a href="https://www.linkedin.com/feed/hashtag/?keywords=cre&amp;highlightedUpdateUrns=urn%3Ali%3Aactivity%3A7025945711057768448" target="_blank"> #cre </a> <a href="https://www.linkedin.com/feed/hashtag/?keywords=commercialrealestate&amp;highlightedUpdateUrns=urn%3Ali%3Aactivity%3A7025945711057768448" target="_blank"> #commercialrealestate </a> <a href="https://www.linkedin.com/feed/hashtag/?keywords=marcperlofgroup&amp;highlightedUpdateUrns=urn%3Ali%3Aactivity%3A7025945711057768448" target="_blank"> #marcperlofgroup </a> </p> <p> <span> <br/> </span> </p> </div> Mon, 30 Jan 2023 20:56:27 GMT https://www.marcperlof.com/capital-gains-on-seller-carry-back-financing thumbnail main image https://www.marcperlof.com/new-grand-park-santa-monica-airport <div data-rss-type="text"> <p> <span> Should Santa Monica Airport become a Grand Park like New Yorks or San Fran? </span> </p> <p> <a href="https://smdp.com/2023/01/26/smos-uncertain-future/" target="_blank"> https://smdp.com/2023/01/26/smos-uncertain-future/ </a> </p> <p> <span> <br/> </span> </p> </div> Fri, 27 Jan 2023 20:59:59 GMT https://www.marcperlof.com/new-grand-park-santa-monica-airport thumbnail main image https://www.marcperlof.com/rolling-recession <div data-rss-type="text"> <p> <span> Although GDP fell, it was still positive and it doesn’t look like the 2023 recession will be in Q1. I think this is going to be a “rolling recession”. What do you think? </span> </p> <p> <br/> </p> <p> <a href="https://www-nytimes-com.cdn.ampproject.org/c/s/www.nytimes.com/live/2023/01/26/business/gdp-growth-inflation.amp.html" target="_blank"> https://www-nytimes-com.cdn.ampproject.org/c/s/www.nytimes.com/live/2023/01/26/business/gdp-growth-inflation.amp.html </a> </p> <p> <span> <br/> </span> </p> </div> Fri, 27 Jan 2023 20:57:52 GMT https://www.marcperlof.com/rolling-recession thumbnail main image https://www.marcperlof.com/if-i-sell-im-going-to-have-a-huge-capital-gains-tax-what-can-i-do <div data-rss-type="text"> <p> <span> For Commercial Real Estate… </span> </p> <p> <span> If I sell, I’m going to have a huge capital gains tax. What can I do? </span> </p> <p> <span> 1.      Seller carry-back financing </span> </p> <p> <span> 2.      1031 tax-deferred exchange </span> </p> <p> <span> 3.      1033 tax-deferred exchange (Eminent Domain by Government only) </span> </p> <p> <span> <br/> </span> </p> </div> Mon, 23 Jan 2023 21:01:21 GMT https://www.marcperlof.com/if-i-sell-im-going-to-have-a-huge-capital-gains-tax-what-can-i-do thumbnail main image https://www.marcperlof.com/what-2023-recession <div data-rss-type="text"> <p> <span> With stats like this, when will the 2023 recession come? </span> <span> <br/> </span> </p> </div> <div> <img src="https://irp.cdn-website.com/937a1ab3/dms3rep/multi/455885_8c36d122706247aaa07859fc20b3b61b-mv2.webp" alt="A tv screen shows the december jobs report"/> </div> Wed, 11 Jan 2023 21:02:35 GMT https://www.marcperlof.com/what-2023-recession thumbnail main image https://www.marcperlof.com/add-value-to-a-property-part-2-of-3 <div data-rss-type="text"> <p> <span> When you add value to a property, what are some of the expenses to account for to determine the price to pay? </span> </p> <p> <span> <span>                Carrying costs for common area maintenance </span> </span> </p> <p> <span>                Carrying costs for loan interest </span> </p> <p> <span> <br/> </span> </p> </div> Fri, 06 Jan 2023 21:07:50 GMT https://www.marcperlof.com/add-value-to-a-property-part-2-of-3 thumbnail main image https://www.marcperlof.com/add-value-to-a-property-part-3-of-3 <div data-rss-type="text"> <p> <span> When you add value to a property, what are some of the expenses to account for to determine the price to pay? </span> </p> <p> <span>                Free rent or Tenant Improvement allowance </span> </p> <p> <span>                Leasing commissions </span> </p> <p> <span> <br/> </span> </p> </div> Fri, 06 Jan 2023 21:06:45 GMT https://www.marcperlof.com/add-value-to-a-property-part-3-of-3 thumbnail main image https://www.marcperlof.com/what-is-capital-gains-on-commercial-real-estate <div data-rss-type="text"> <p> <span> <span> Capital gains is a tax that one pays based on the difference between the basis of one property and the sale price of a newer property. The tax rate is based on your filing status and the gain amount, and can either be 0%, 15%, or 20%. </span> </span> <a href="https://www.nerdwallet.com/article/taxes/capital-gains-tax-rates#2022-capital-gains-tax-rates-1032099269" target="_blank"> https://www.nerdwallet.com/article/taxes/capital-gains-tax-rates#2022-capital-gains-tax-rates-1032099269 </a> </p> <p> <span> *Always talk with your Accountant or Tax Advisor to further understand Capital Gains. </span> </p> <p> <span> <br/> </span> </p> </div> Fri, 06 Jan 2023 21:04:11 GMT https://www.marcperlof.com/what-is-capital-gains-on-commercial-real-estate thumbnail main image https://www.marcperlof.com/add-value-to-a-property-part-1-of-3 <div data-rss-type="text"> <p> <span> For Commercial Real Estate… </span> </p> <p> <span> When you add value to a property, what are some of the expenses to account for to determine the price to pay? </span> </p> <p> <br/> </p> <p> <span> Part 1 of 3 </span> </p> <p> <span>  Carrying costs for property tax </span> </p> <p> <span>  Carrying costs for property insurance </span> </p> <p> <br/> </p> <p> <a href="https://www.facebook.com/hashtag/cre?__eep__=6&amp;__cft__[0]=AZWEbYfW-s9qG-Nb6ASc6yBnEb1ih2jCtLpxJuA5e9Ak526giv726ZyNzbYEKxxFnZLSe7qNVg-jO-xU3OmGZqXG-wx0xqwiyX8nMfbKAL3THFhXtTeBW9FS_KzjylUBcg5jI_tHZaq1ENZvysh60lZkZgmErL0HghlAEtsrNDXR_A&amp;__tn__=*NK-R" target="_blank"> #cre </a> <span> <span> </span> </span> <a href="https://www.facebook.com/hashtag/commercialrealestate?__eep__=6&amp;__cft__[0]=AZWEbYfW-s9qG-Nb6ASc6yBnEb1ih2jCtLpxJuA5e9Ak526giv726ZyNzbYEKxxFnZLSe7qNVg-jO-xU3OmGZqXG-wx0xqwiyX8nMfbKAL3THFhXtTeBW9FS_KzjylUBcg5jI_tHZaq1ENZvysh60lZkZgmErL0HghlAEtsrNDXR_A&amp;__tn__=*NK-R" target="_blank"> #commercialrealestate </a> <span> <span> </span> </span> <a href="https://www.facebook.com/hashtag/marcperlofgroup?__eep__=6&amp;__cft__[0]=AZWEbYfW-s9qG-Nb6ASc6yBnEb1ih2jCtLpxJuA5e9Ak526giv726ZyNzbYEKxxFnZLSe7qNVg-jO-xU3OmGZqXG-wx0xqwiyX8nMfbKAL3THFhXtTeBW9FS_KzjylUBcg5jI_tHZaq1ENZvysh60lZkZgmErL0HghlAEtsrNDXR_A&amp;__tn__=*NK-R" target="_blank"> #marcperlofgroup </a> </p> <p> <span> <br/> </span> </p> </div> Tue, 20 Dec 2022 21:09:20 GMT https://www.marcperlof.com/add-value-to-a-property-part-1-of-3 thumbnail main image https://www.marcperlof.com/what-are-the-risks-of-the-different-types-of-real-estate-ownership-part-2-of-3 <div data-rss-type="text"> <p> <span> <span> Ground lease (land only)- No depreciation. Rents are typically below market. Major cost upgrades to the building when the tenant leaves. </span> </span> </p> <p> <br/> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/cre" target="_blank"> #cre </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/commercialrealestate" target="_blank"> #commercialrealestate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/marcperlofgroup" target="_blank"> #marcperlofgroup </a> </p> <p> <span> <br/> </span> </p> </div> Thu, 15 Dec 2022 21:15:25 GMT https://www.marcperlof.com/what-are-the-risks-of-the-different-types-of-real-estate-ownership-part-2-of-3 thumbnail main image https://www.marcperlof.com/what-are-the-risks-of-the-different-types-of-real-estate-ownership-part-3-of-3 <div data-rss-type="text"> <p> <span> <span> Leasehold- Loss of the building to the landowner at the end of the lease term. </span> </span> </p> <p> <br/> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/cre" target="_blank"> #cre </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/commercialrealestate" target="_blank"> #commercialrealestate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/marcperlofgroup" target="_blank"> #marcperlofgroup </a> </p> <p> <span> <br/> </span> </p> </div> Thu, 15 Dec 2022 21:12:13 GMT https://www.marcperlof.com/what-are-the-risks-of-the-different-types-of-real-estate-ownership-part-3-of-3 thumbnail main image https://www.marcperlof.com/when-you-buy-commercial-real-estate-should-you-rely-only-on-the-capitalization-cap-rate <div data-rss-type="text"> <p> <span> Part 1 of 2 </span> </p> <p> <span> If you are going to hold the real estate for +/- 1 year, YES! Otherwise… </span> </p> <p> <br/> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/cre" target="_blank"> #cre </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/commercialrealestate" target="_blank"> #commercialrealestate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/marcperlofgroup" target="_blank"> #marcperlofgroup </a> </p> <p> <span> <br/> </span> </p> </div> Thu, 15 Dec 2022 21:10:56 GMT https://www.marcperlof.com/when-you-buy-commercial-real-estate-should-you-rely-only-on-the-capitalization-cap-rate thumbnail main image https://www.marcperlof.com/what-are-the-risks-of-the-different-types-of-real-estate-ownership-part-1-of-3 <div data-rss-type="text"> <p> <span> Fee Simple- Rents can be above market and may not be replaceable. </span> </p> <p> <a href="https://www.marcperlof.com/blog/hashtags/cre" target="_blank"> #cre </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/commercialrealestate" target="_blank"> #commercialrealestate </a> <span> <span> </span> </span> <a href="https://www.marcperlof.com/blog/hashtags/marcperlofgroup" target="_blank"> #marcperlofgroup </a> </p> <p> <span> <br/> </span> </p> </div> Sun, 23 Oct 2022 21:17:18 GMT https://www.marcperlof.com/what-are-the-risks-of-the-different-types-of-real-estate-ownership-part-1-of-3 thumbnail main image https://www.marcperlof.com/benefits-of-the-types-of-real-estate-ownership-part-2-of-2 <div data-rss-type="text"> <p> <span> Leasehold- 100% depreciation of the building. </span> <span> <br/> </span> </p> </div> Sun, 16 Oct 2022 21:18:39 GMT https://www.marcperlof.com/benefits-of-the-types-of-real-estate-ownership-part-2-of-2 thumbnail main image https://www.marcperlof.com/what-are-the-types-of-real-estate-ownership <div data-rss-type="text"> <p> <span> Fee Simple (building and land) </span> </p> <p> <span> Ground lease (leased fee) land only </span> </p> <p> <span> Leasehold (building only) </span> </p> <p> <span> <br/> </span> </p> </div> Sun, 24 Jan 2021 21:20:56 GMT https://www.marcperlof.com/what-are-the-types-of-real-estate-ownership thumbnail main image https://www.marcperlof.com/what-are-the-types-of-commercial-real-estate-leases-part-2-of-4 <div data-rss-type="text"> <p> <span> Double Net (NN)- Tenant pays base rent, utilities and/or property tax and/or property insurance and/or common area maintenance (CAM)). Landlord is responsible for repair and replacement of roof, structure, and parking lot. </span> <span> <br/> </span> </p> </div> Sun, 17 Jan 2021 21:27:57 GMT https://www.marcperlof.com/what-are-the-types-of-commercial-real-estate-leases-part-2-of-4 thumbnail main image https://www.marcperlof.com/what-are-the-types-of-commercial-real-estate-leases-part-4-of-4 <div data-rss-type="text"> <p> <span> Bondable- Tenant pays base rent, utilities, property tax, property insurance, and common area maintenance (CAM) even if a natural disaster destroys the building. </span> <span> <br/> </span> </p> </div> Sun, 17 Jan 2021 21:22:40 GMT https://www.marcperlof.com/what-are-the-types-of-commercial-real-estate-leases-part-4-of-4 thumbnail main image https://www.marcperlof.com/what-is-commercial-real-estate <div data-rss-type="text"> <p> <span> Commercial Real Estate is a subsector of Real Estate. It includes Retail (single tenant and multi-tenant), Office (single tenant and multi-tenant), Multifamily (5+ units), Self-storage, Industrial (single tenant and multi-tenant), Hotel/Motels, Data centers, and Cell towers. </span> <span> <br/> </span> </p> </div> Sat, 19 Dec 2020 21:38:55 GMT https://www.marcperlof.com/what-is-commercial-real-estate thumbnail main image https://www.marcperlof.com/what-are-the-sectors-of-retail-real-estate <div data-rss-type="text"> <p> <span> Automotive, Bank and Financial Services, Big Box, Car Wash, Casual Dining (sit down dining), Childcare, Convenience Store, Department Store, Apparel, Dollar Stores, Drug Store, Fast Casual, Fast food/ Quick Service Restaurant (Qsr), Gas Station, Government Services, Grocery/ Market, Gym/ Fitness, Healthcare, Home Improvement, Malls, Quick Lube, Shopping Centers, Strip Centers, Store Front Retail, Theaters </span> <span> <br/> </span> </p> </div> Sat, 19 Dec 2020 21:37:40 GMT https://www.marcperlof.com/what-are-the-sectors-of-retail-real-estate thumbnail main image https://www.marcperlof.com/what-are-the-nets-in-a-commercial-property-lease <div data-rss-type="text"> <p> <span> Property Tax </span> </p> <p> <span> Property Insurance </span> </p> <p> <span> Common Area Maintenance (CAM) </span> </p> <p> <span> <br/> </span> </p> </div> Sat, 19 Dec 2020 21:36:18 GMT https://www.marcperlof.com/what-are-the-nets-in-a-commercial-property-lease thumbnail main image https://www.marcperlof.com/what-can-be-included-in-common-area-maintenance-cam <div data-rss-type="text"> <p> <span> Exterior building repairs, Exterior electricity, Exterior trash removal, Fire prevention system, Landscaping, Lighting repairs, Management Fees, Parking Lot repairs, Roof repairs, Security, Sewage, Water </span> <span> <br/> </span> </p> </div> Sat, 19 Dec 2020 21:34:23 GMT https://www.marcperlof.com/what-can-be-included-in-common-area-maintenance-cam thumbnail main image https://www.marcperlof.com/types-of-commercial-real-estate-leases-part-1-of-4 <div data-rss-type="text"> <p> <span> Gross- Tenant pays base rent only </span> </p> <p> <span> Modified Gross- Tenant pays base rent and utilities </span> </p> <p> <span> Single Net (N)- Tenant pays base rent, utilities and property tax or property insurance or common area maintenance (CAM) </span> </p> <p> <span> <br/> </span> </p> </div> Sat, 19 Dec 2020 21:30:48 GMT https://www.marcperlof.com/types-of-commercial-real-estate-leases-part-1-of-4 thumbnail main image