Weekly Perl: A Commercial Real Estate News Recap

Marc Perlof • November 1, 2024
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Council Changes Zoning Rules to Enliven Downtown


The City Council Tuesday night paved the way for a more dynamic Downtown by unanimously approving updates to the City's zoning rules to allow everything from animated signs to game arcades.

A starbucks coffee shop is located in a shopping center

Starbucks scales back new store plans to focus on reversing sales drop


New CEO looks at renovations in pledging ‘fundamental’ change for embattled coffee chain.

An aerial view of a big lots store with cars parked in front of it.

More Big Lots leases hit auction block as store closings soar


Stalking horse buyer lands $765 million to acquire chain out of bankruptcy

A sprouts grocery store is located in a shopping mall.

Sprouts Farmers Market does not lose any speed in Q3


Sprouts Farmers Market appears to be not slowing down anytime soon..

Cars are parked in front of a restaurant with red and white awnings

TGI Fridays' closings could make some prime real estate available in tight retail market


Struggling eatery chain grapples with inflation and customers trimming spending.

A group of people are standing in front of a poppy bank sign.

Fast-rising bank expands with new Santa Monica branch

Poppy Bank, named one of the fastest growing banks in the nation by the Inc. 5000 list, the branch at 2729 Wilshire Blvd welcomed the Santa Monica Chamber of Commerce for a ribbon cutting ceremony Wednesday, a ceremony also attended by several Poppy Bank executives.

A 7 eleven logo on a green background

7-Eleven to build 500 ‘food forward’ stores between 2025 and 2027

7-Eleven has big plans for its new store format.

Two men in suits and ties are talking to each other.

Clippers and Rams owners come out against Inglewood people mover, as $2.4-billion project falters


Plans for a 1.7-mile proposed people mover that would drop Los Angeles rail riders off at the foot of SoFi Stadium have been upended after South Bay cities voted down a request for $493 million more to build the project, putting into jeopardy $1 billion of federal funding.

A chuck e cheese mascot is standing in front of a chuck e cheese restaurant.

How Chuck E. Cheese is Appealing to the Next Generation of Guests

The brand received a $350 million investment to revamp its fun centers.

A sprouts grocery store is located in a shopping mall.

Smaller is better: Sprouts Farmers Market finds success in reduced store footprint


Other retailers are also leaning into smaller formats, and analysts say the trend should continue in the coming years.

A man is standing next to a dog in a pet services store.

Walmart to open five new pet services centers


Walmart Inc. is expanding its veterinary services offering to new locations.

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