Weekly Perl: A Commercial Real Estate News Recap
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...
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...
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...
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...
