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Weekly Perl: A Commercial Real Estate News Recap 6/21/2024

The state of retail businesses in Malibu as Summer visitors descend upon our community

As locals prepare for the annual onslaught of millions of visitors during the summer months, Malibu businesses are rallying to attract beachgoers to their establishments, while wooing new local customers and endeavoring to keep their loyal local patrons.

Erewhon to Open a Glendale Store

Los Angeles’ beloved grocery darling Erewhon is expanding. The outlet purchased a 24,000-square-foot building in Glendale for $12.4 million earlier this year and recently announced plans to open its newest storefront. Glendale marks the 11th location for Erewhon, which is widely recognized for its hefty price tags, including the likes of its latest $23 peaches and cream smoothie collaboration with supermodel Kendall Jenner.

Welcome to the Future of Fast-Casual Pizza

Shawn Thompson took on the role of CEO at Pieology Pizzeria two and a half years ago. His first move was pumping the brakes on the company’s expansion plans. It marked a departure for the former Restaurant Brands International executive, who spent his career up until that point growing chains like Burger King and Tim Hortons through franchising.

Over $1 Billion in Planned Investment Indicates Continued Resurgence of Downtown Santa Monica

"The investment happening in Downtown Santa Monica reflects the ongoing commitment to revitalization and economic development in the area," said DTSM, Inc. CEO Andrew Thomas. "The diverse number of new developments either planned or under construction underscore the confidence that still exists in the city's vitality as a premier destination for growth and future projects."

Fuzzy’s Taco Shop Disrupts Fast Casual Under Guide of Casual-Dining Owner

Fuzzy’s Taco Shop president Paul Damico has been part of many transitions during his 40-year restaurant career, so he was familiar with the process when Applebee’s and IHOP parent Dine Brands acquired the fast casual in December 2022.

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