Weekly Perl: A Commercial Real Estate News Recap
L.A. Al Fresco application portals are now open!
L.A. Al Fresco launched in May 2020 as a temporary program to promote the economic vitality of our City’s restaurants during the COVID-19 emergency. The program created a new, streamlined process for restaurants to obtain approvals for outdoor dining on private property, sidewalks, and in the streets adjacent to their establishments. It also temporarily relaxed regulations that would otherwise govern outdoor dining, including zoning regulations, fees, and permitting procedures.
How Salad and Go Solves Disconnect Between Health and Affordability
Salad and Go’s mission is to eliminate the conflict among accessibility, affordability, and wellness, according to CEO Charlie Morrison. Several brands are working on the same issue, but not many have matched what Salad and Go has accomplished.
JPMorgan to Open 500 New Chase Bank Branches, Renovate 1,700 Over Next Three Years
New York City — JPMorgan Chase & Co. (NYSE: JPM) announced plans today to expand its brick-and-mortar footprint by adding 500 Chase bank branches over the next three years. The New York City-based institution also plans to renovate 1,700 existing bank locations across the United States.
Yum! is Building Restaurants at an Unprecedented Pace
Right before Yum! Brands finished its Q4 earnings call with investors, CEO David Gibbs tossed out a fact that put the brand’s unit growth into perspective.Nearly 25 percent of all current Yum! locations have been built in the past three years. Given the company ended 2023 with 58,708 locations worldwide—extending its claim as the largest restaurant group in the world—roughly 15,000 of them are 3 years old or younger.
First Look: Pop Mart expanding in LA — here's where
Asian toy and entertainment brand Pop Mart is kicking off 2024 by expanding its presence in Los Angeles.The brand will open two stores in the nation’s second largest city: one at Westfield Century City and the other at Glendale Galleria. The Century City store will open on Feb. 10, will the Glendale store’s grand opening is still to be determined.
The 40/40 List for 2024: America’s Hottest Startup Fast Casuals
From the integration of cutting-edge technology and sustainable practices to menu innovations that cater to evolving tastes and dietary preferences, the fast-casual segment continues to not only survive, but thrive in a fiercely competitive market.
Sprouts Farmers Market sets opening date, locations for seven new stores
Sprouts Farmers Market continues to expand its store footprint. The fresh, natural and organic foods grocer set the opening date for seven new stores that will open by March 15 (locations listed at end of article). In September, Sprouts celebrated the opening of its 400th store, in Haddon Township, N.J.
Tractor Supply ramping up expansion; to open 80 stores in 2024
The nation’s largest rural lifestyle retailer’s capital plans for 2024 include opening 80 Tractor Supply stores (up from 70 in 2023) and 10 to 15 new Petsense by Tractor Supply stores as well as continuing its “Project Fusion” remodels and garden center revamps.
