Weekly Perl: A Commercial Real Estate News Recap

Tractor Supply trims expansion; will close 75 Petsense stores
Tractor Supply Co. reported a tough second quarter and reduced its outlook for the year.
The nation’s largest rural lifestyle retailer cited “unusually adverse” conditions in May, which drove results below its expectations. On the earnings call, CEO Hal Lawton said fuel prices peaked during the height of its spring selling season, putting “meaningful” pressure on its customers' discretionary spending at the most important time of the quarter...
Trump imposes new tariffs on 60 countries
Claiming they are engaging in continuing forced labor practices, President Donald Trump has placed tariffs of 10 to 12% on 60 U.S. trading partners.
The new duties went into effect at 12:01 a.m. ET Friday, July 24, just as a
temporary 10% tariff Trump set on those countries in February 2026 expired. In an
online fact sheet, the Office of the United States Trade Representative (USTR) said following investigations into the use of forced labor to produce goods, the top 60 U.S. trading partners will have a 10 or 12.5% tariff placed on their imports, with certain product exemptions...
Selective Buyers Reshape US Retail Investment in 2026
Rate Hikes and Geopolitics Ended Retail’s Momentum
The start of 2026 looked promising for retail real estate investment. Moderating inflation and expected Federal Reserve rate cuts fueled optimism.
However, geopolitical shocks, including military conflict with Iran, quickly disrupted those expectations, according to DealGround’s National Retail Market Report. Treasury yields moved higher, while hopes for easier monetary policy faded...
Freight Rate Surge Squeezes Retailers, Reshapes Retail CRE
The Details
Truckload freight rates reached their highest level in 15 quarters. Rates now sit 16% above the TD Cowen/AFS index’s January 2018 baseline.
Projections show the index reaching 17.7% above baseline in Q3. That would represent an 11% year-over-year increase and a four-year high.
Less-than-truckload rates also reached record levels, mainly because of higher fuel surcharges. AFS Logistics warned that smaller haulers could struggle with thin margins...
Global Tariffs Raise CRE Construction Costs and Risks
Tariff Volatility Clouds CRE Pricing
The White House announced sweeping new tariffs on imports from more than 80 countries. The administration aims to replace earlier levies that were set to expire.
According to Bisnow, the action reflects President Trump’s continuing overhaul of US trade policy. The administration justified the tariffs under Section 301 of the Trade Act of 1974...
Albertsons launches ACI Edge to reverse sales decline, cuts annual forecast
Albertsons Companies Inc. is overhauling its operations through a new initiative called ACI Edge, consolidating 11 divisions into four regions as the grocery chain works to recover from a disappointing first quarter that saw identical sales fall 0.8%.
The restructuring, announced Thursday alongside first-quarter earnings, represents CEO Susan Morris’s response to what she called “increasing pressure from softer industry unit trends and a more cautious consumer.” The company slashed its full-year outlook, now projecting identical sales to decline as much as 1.5% compared with previous guidance of up to 1% growth...










