Weekly Perl: A Commercial Real Estate News Recap
Key takeaways from the Fed’s third rate cut
The Federal Reserve on Wednesday cut interest rates by a quarter point, the third rate cut since it began to lower borrowing costs in September.
The central bank’s latest move leaves its benchmark lending rate at a range of 4.25%-4.5%, a two-year low.
KFC’s New Saucy Concept Puts Flavor and Chicken Tenders on Center Stage
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.
Report: Bain Capital Considers Purchase of 750-Unit Franchisee Sizzling Platter for Over $1 Billion
Private equity firm Bain Capital is reportedly looking to acquire large franchisee Sizzling Platter for more than $1 billion, including debt, according to Reuters.
US Retail Closures Up 70% This Year, 1000s More to Follow
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.
Placer.ai: Seven retail trends to watch in 2025
Legacy brands are making a comeback. And discount and dollar stores may be in for a “readjustment.”
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.
AI-Powered Gym “Fred Fitness” to Debut in Santa Monica
Fred Fitness Is Part of a Broader Partnership With Clever Fit and Egym, Which Recently Secured $200 Million in Growth Capital.
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.
5 retailers that need a great 2024 holiday season
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.
BurgerFi Acquired by Owner of Savvy Sliders
The restaurant group believes the fast casual has “a ton of legs.”
