Weekly Perl: A Commercial Real Estate News Recap

Marc Perlof • August 16, 2024
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A target store is located on the side of a building.

How Target made grocery a $24B business


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.



A smalls restaurant is built out of shipping containers.

Smalls Sliders Slays Another Milestone with 300 Cans in Development


The burger brand has ascended in a hurry. But this is really just the beginning.


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A large building with a lot of cars parked in front of it.

This Fitness Chain's Bankruptcy Filing Shows How Pandemic Weakened an Industry


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.



A living room with a couch , chairs , and a table in a clothing store.

Boot Barn Q1 sales rise 10.3%, raises guidance; on track to open 60 stores


Boot Barn Holdings reported an upbeat first quarter during which it exceeded the high end of its guidance across every metric.


A sign that says mini sou life is for fun coming soon

Chinese Retailer MINISO Opening Soon on Promenade


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.

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.



A walgreens drive thru pharmacy sign in front of a building

Walgreens considers full sale of VillageMD


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.


The logos for jack in the box and deltaco are next to each other on a white background.

Jack in the Box Inc. Reports Third Quarter 2024 Earnings


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%.


By Isaiah Angeles April 25, 2025
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.
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%.
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. 
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