Weekly Perl: A Commercial Real Estate News Recap
Council wants Downtown entertainment zone to be ‘bigger, broader better’
City Council members unanimously directed staff to develop a more ambitious entertainment zone for the Third Street Promenade this week, rejecting a limited pilot program in favor of a permanent, seven-days-a-week allowance for open container alcohol consumption throughout the area.
After people mover falters, Inglewood pivots to backup plan for stadium connection
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.
Jack in the Box Mulls Selling Del Taco, Plans Hundreds of Store Closures
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.
Why Brand Loyalty Drives Consumers to Pay More
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.
Rite Aid Faces Second Bankruptcy in Less Than a Year After Closing 800 Stores
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.
Chicken Salad Chick begins New Orleans expansion
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.
Spot Funding Helps Small Retailers Open Faster
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.
Walmart, Amazon, Aldi, Costco make NRF’s Top 50 Global Retailers list
Grocery retailers dominated the National Retail Federation’s Top 50 Global Retailers list, with Walmart taking the top spot.
