Weekly Perl: A Commercial Real Estate News Recap

Isaiah Angeles • April 25, 2025
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An aerial view of the unintended consequences of measure ula

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.

A man and woman are shaking hands with a car dealer in a car showroom.

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.

A group of people are standing outside of a barnes & noble store.

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. 

Three people are sitting on a stage at a shoptalk event

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.

The front of a rite aid store with a sign on it.

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.

A variety of fruits and vegetables are displayed in a grocery store.

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.

A blue building with the word ikea on it.

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. 

A big lots store with a blue sky in the background

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.

Weekly Perl: A Commercial Real Estate News Recap

By Isaiah Angeles • April 18, 2025
The Unintended Consequences of Measure ULA 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%.

Weekly Perl: A Commercial Real Estate News Recap

By Marc Perlof • April 11, 2025
Sam’s Club in big store remodeling and expansion move Sam’s Club is ramping up its expansion along with its investments in existing stores. 

Weekly Perl: A Commercial Real Estate News Recap

By Marc Perlof • April 4, 2025
Governor Newsom suspends permitting rules, expands FEMA cleanup, extends ROE Deadline to April 15 California Governor Gavin Newsom has signed several executive order aimed at accelerating the rebuilding of fire-ravaged communities in Los Angeles County. A new order, announced on Thursday, March 27 , suspends permitting and environmental review requirements to fast-track infrastructure repairs and prevent future wildfires.
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