Weekly Perl: A Commercial Real Estate News Recap
Tractor Supply Q3 sales rise 5.1%; to moderate new store openings
Tractor Supply Company delivered third-quarter earnings and sales that beat analyst expectations and said it was gaining share against most categories and metrics even as its customers remain cautious.
On the company’s earnings call, CEO Hal Lawton said that elevated interest rates and reduced housing mobility are weighing on property improvements and larger projects. Pet ownership headwinds, particularly new pet acquisition, continue to affect demand in certain categories...
With days to go before the midterms, data shows the U.S. economy is doing well
The U.S. economy grew faster in the summer compared to the spring, driven by consumer spending as well as investments in AI.
Gross domestic product, which broadly measures economic activity, grew at an annual rate of 3.4% July through September, according to a report from the Commerce Department released Thursday. The previous quarter GDP grew at a 2.2% annual pace...
Kroger to open 110 stores; unveils three updated formats
The Kroger Co. is launching a major growth initiative that includes new builds and new store formats.
The supermarket giant will introduce three updated store formats, with plans to build 110 stores in fast-growing markets by 2029, executives told investors at the company’s Investor Update in New York City.
The new formats are part of
Kroger’s $5 billion investment in its stores, operations and e-commerce/media as it looks to hit approximately 3% comparable sales growth (excluding fuel and pharmacy, and the
pending acquisition
of Giant Eagle) in 2029...
CBRE: Cap Rates Could Rise 40-60 bps as 10-Year Tops 5%
CBRE Research projects that
cap rates will climb at least 40 to 60 basis points because the 10-year Treasury yield is parked near 5%.
Applied to prices, that implies average values drop 6% to 10%. The Treasury has traded at or above roughly 5% since Sept. 10, a level not seen since 2007...
10-year Treasury yield hovers below 5% after strong GDP report, rising inflation data
The 10-year U.S. Treasury yield hovered below 5% Thursday following the latest inflation data and a strong reading on economic growth.
The yield on the
10-year Treasury — used as a benchmark for borrowing costs ranging from mortgages to credit cards — was more than 8 basis points lower at 4.964%...
Moving quickly to backfill available space, US retailers drive another quarter of occupancy gains
Retailers continued to increase overall net occupancy in the third quarter, providing further evidence that tenant demand remains robust for just about any store space that becomes available.
Retail tenants occupied about 8.5 million more square feet than they vacated during the third quarter, following a net gain of 10.3 million square feet in the second quarter. Together, those occupancy gains more than offset the 3.7 million square feet of net occupancy lost in the first quarter, lifting year-to-date net absorption to roughly 15.1 million square feet and nudging the national retail vacancy rate down to 4.3%...
10-year treasury yield is attractive, says Societe Generale’s Subadra Rajappa ahead of Fed meeting
Subadra Rajappa, Societe Generale head of research, joins ‘Fast Money’ to talk what’s ahead for the federal reserve, the state of the bond market, and more...
Yum! Brands Q3 2026: Taco Bell Bounces Back From Outbreak
Key Takeaways
- Taco Bell visits fell 10.1% YoY in Q3 2026 in the wake of the cyclospora outbreak, trailing the wider QSR category.
- By early October, Taco Bell’s weekly visit gap had shrunk to 1.9% year over year, putting it back ahead of QSR.
A Tough Market Gets Tougher
Yum! Brands entered Q3 2026 ahead of the quick-service restaurant (QSR) category, with growth engine Taco Bell posting 7% U.S. same-store sales growth in Q2. Then a multistate cyclospora outbreak tied to lettuce served at the chain hit during a prolonged fast-food slowdown, making Q3 the portfolio's toughest quarter of 2026 so far...
Wendy’s gets $1.4B buyout offer
The Wendy’s Company is the target of a blockbuster buyout offer that would take it private.
A group of investors led by billionaire Nelson Peltz’s Trian Fund Management has offered to buy the struggling quick-serve chain for approximately $1.4 billion. The offer was disclosed in a regulatory filing on Wednesday. Trian is a long-term shareholder in Wendy's and holds a 16.3% stake.
Peltz served 17 years as Wendy’s chairman before stepping down in 2024. He currently is chairman emeritus.
City of Inglewood officials break ground on Phase 1 of Inglewood Transit Connector
On Oct. 22, city of Inglewood, Calif., officials broke ground on the first phase of the
Inglewood Transit Connector. The project will build three mobility hubs and a pedestrian bridge to the Los Angeles County Metropolitan Transportation Authority (L.A. Metro) K Line while also rebuilding Downtown streetscaping...
