Weekly Perl: A Commercial Real Estate News Recap

Marc Perlof • September 13, 2024
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A trolley is going up a hill on a city street.

How Far and Fast Will the Fed Cut Rates?


Investors hoping for swift and steep cuts may be disappointed as the U.S. central bank prepares to lower interest rates for the first time in more than four years.


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Forrester: Amazon and Walmart to capture one-fourth of U.S. retail sales by 2029


Two retail giants are poised to dominate the U.S. retail landscape in the years to come. Amazon and Walmart have significantly increased their share of total and online retail sales in the U.S. during the past six years, according to Forrester’s “U.S. 


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A shoe carnival store is located in a brick building.

The big switch: Why Shoe Carnival is flipping some of its stores into Shoe Stations


Shoe Carnival is switching things up. The company has been engaging in tests of replacing some of its namesake stores with one of its other banners, Shoe Station. 


A starbucks store with a sign in the window

Starbucks to Re-Emphasize Role as Community Coffeehouse Under New CEO


The new executive said the brand has shifted from what made it great, in addition to an inflated menu, inconsistent product, and unreasonable wait times.



A map of the united states with a lot of cities on it

CVS shutters 19 stores, while dollar stores surge across the U.S.


Dollar stores continued to open rapidly across the U.S. in the second half of August, with Dollar General and Dollar Tree opening more than 100 locations combined.

The front of a big lots store with a closing sign.

Placer.ai: Big Lots closures indicate chain will focus on lower-income markets


Big Lots’ rightsizing effort that’s leading it to shutter about 300 of its nearly 1,400 stores indicates that the value merchandise chain intends to focus more closely on lower-income markets.

A freddy 's ice cream parlor is located in a parking lot at dusk.

Freddy's adds 21 stores to pipeline; to enter new state


Freddy’s Frozen Custard & Steakburgers is continuing to roll out plans for new stores.

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

Demand for retail space keeps rising despite limited availability


While concerns over an increase in store closing announcements dominated headlines, retail tenants remained firmly in expansion mode during the second quarter.

A map showing 99 cents only closures provide an opportunity for retailers.

What happened to Phoenix’s shuttered 99 Cents Only stores?


Discount retailer 99 Cents Only filed for bankruptcy protection in April 2024, closing 371 stores across the United States.

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