Weekly Perl: A Commercial Real Estate News Recap

Marc Perlof • June 27, 2025
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Santa Monica’s Entertainment Zone launches, bringing crowds, cocktails and concerns over cost and control


Santa Monica’s new Entertainment Zone debuted last weekend with music, crowds and margaritas to-go, serving a host of visitors on the Third Street Promenade during its opening soft launch. The pilot program, which allows patrons to carry alcoholic drinks purchased from approved restaurants while walking the three-block stretch between Wilshire Boulevard and Broadway, will run Fridays through Sundays from 11 a.m. to 10 p.m...

A blurry picture of a clothing store with clothes on display.

Kroger to shutter 60 stores by end of 2026


The Kroger Co. is closing some locations but remains committed to store growth. 


The grocery store giant revealed in its first-quarter earnings release that it plans to close approximately 60 locations during the next year and a half...

A car is parked in front of a sign that says 223

Mango hits 50 U.S. stores with more on the way


Mango has reached a new milestone in its U.S. expansion.

The Barcelona-based global fashion retailer has opened its 50th U.S. location with its new store in Portland, Ore., in the city's Washington Square shopping center...


The front of an aldi store with a sign in front of it.

Retail sales slowdown does little to dent upward trend for store rents


U.S. retail sales faltered in May as the pull-forward of demand for durable goods and automobiles from the threat of tariffs waned. Headline retail sales fell 0.9% during the month, significantly more than the 0.6% drop expected from consensus estimates. However, most of the decline was driven by just a few retail categories...

C&S Wholesale to buy grocer-distributor SpartanNash for $1.8 billion


C&S Wholesale Grocers has struck a $1.77 billion deal to acquire SpartanNash, with the merger creating a company encompassing 60 distribution centers and more than 200 stores, in a reflection of the nation's food industry consolidation...

Rural Retail Transformation With Dollar General Fuel Expansion


Dollar General is going beyond its dollar-store roots, as reported by GlobeSt. In its newest pilot initiative, the retailer is testing fuel stations at 40 locations across Alabama and the South. It’s not just a service expansion—it’s a pivot that positions Dollar General as a rural convenience hub, combining low-cost essentials with gas under one roof...

Why CRE Investment Still Makes Sense in 2025


Amid market volatility, stubborn inflation, and interest rate whiplash, it’s fair to ask: Does investing in commercial real estate still make sense in 2025? 

For many institutional investors, the answer is a resounding yes, but with a sharper, more strategic lens...

Retail Real Estate Strategy Shifts At ICSC Las Vegas 2025


Retail’s playbook is being rewritten, reports CBRE. At this year’s ICSC Las Vegas convention, CBRE surveyed more than 50 industry professionals—including retailers, landlords, and investors—revealing an industry rapidly pivoting in response to tighter margins, tech disruption, and shifting consumer priorities...

By Marc Perlof August 11, 2025
Hey Retail Real Estate Rockstars! Big news--The One Big Beautiful Law, HR 1 (2025), recently made 100% Bonus Depreciation permanent. No expiration date. No phase-out. Retail property owners can deduct the full cost of qualified renovations in the year they are installed, beginning with assets put into operation after January 1, 2025¹. This tax adjustment can immediately put more money in your pocket in the current retail market, when buildout costs are rising, tenants have higher expectations, and filling space quickly is crucial. It enables you to: Write off Qualified Improvement Property (“QIP”) like tenant build-outs, storefront façades, HVAC, lighting, security, signage, and parking upgrades _immediately_². Combine it with Section 179 for even bigger tax savings². Plan projects over the long term without worrying about losing this benefit later¹. For example, in order to draw in national tenants, you invest $500,000 on a new façade, improved lighting, and HVAC upgrades for your retail property. Previously, the tax write-off had to be stretched out over a number of years. You can now deduct the entire amount in 2025, which could immediately result in federal tax savings of at least $125,000 (assuming a 25% tax rate).³ You may use that money for additional renovations, debt repayment, or leasing incentives. In addition to being a tax benefit, permanent 100% bonus depreciation allows you to move more quickly, make improvements to your retail property, and outperform the competition. Now is the ideal moment to incorporate this into your plan if you intend to purchase, renovate, or relocate a retail property. How will you use this new tax advantage to grow your retail real estate portfolio in 2025 and beyond? Want to find out if your next renovation qualifies? I help retail property owners apply these strategies to real deals.  Call or DM me for more information. #100PercentBonusDepreciation #HR12025 #RetailRealEstate #CREInvestment #TaxStrategy
By Marc Perlof August 8, 2025
Despite Trump, the US economy remains surprisingly resilient. But for how long? Thanks to stockpiling, neither the markets nor consumers have been as badly affected by the trade wars as feared. But signs of trouble are looming chaotic and unpredictable, keeping up with Donald Trump’s volatile trade war – never mind his presidency – can be tough. Back in April after his “Liberation Day” tariff announcement, the talk was of the president crashing the global economy...
By Marc Perlof August 1, 2025
Aldi, Trader Joe’s, and Lidl: Grocery's Power Trio The grocery segment has never been more competitive, and Aldi, Trader Joe’s, and Lidl have consistently emerged as top players. The three chains share similarities: all offer a limited assortment of groceries and tend to operate at lower price points – however, each one is carving out its own distinct path to growth...
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