Weekly Perl: A Commercial Real Estate News Recap
Downtown Zoning Changes Made Permanent
August 14, 2025 -- The City Council on Tuesday permanently adopted interim zoning measures that were approved and amended over the past two years to revitalize the Promenade area.
The measures streamline alcohol permits for new non-restaurant uses and reduce operating restrictions to allow restaurants that offer entertainment to include dancing, more television screens and pub crawls...
U.S. producer prices surge in July as Trump tariffs push costs higher
WASHINGTON (AP) — U.S. wholesale inflation surged unexpectedly last month, signaling that President Donald Trump’s sweeping taxes on imports are pushing costs up and that higher prices for consumers may be on the way.
The Labor Department reported Thursday that its producer price index — which measures inflation before it hits consumers— rose 0.9% last month from June, biggest jump in more than three years. Compared with a year earlier, wholesale prices rose 3.3%.
The numbers were much higher than economists had expected...
Burlington to update most stores to reimagined shopping experience by end of 2026
Burlington Stores is continuing the rollout of its refreshed in-store shopping experience.
The off-price retailer’s new store format is designed to enhance the customer experience, offering Burlington’s product assortment in a more streamlined, easy-to-shop space. It features “thoughtfully organized” aisles, an open layout that makes it quicker and easier to find brands, and bold signage that showcases the latest must-have trends...
Bojangles plans NYC return with 20 locations
After roughly four decades, Bojangles is slated to make its return to the Big Apple.
The quick-serve chain, known for Southern-style fried chicken and biscuits, has announced the signing of a 20-unit agreement in New York City with Habib Hashimi and Hashimi Holding Corporation.
The Bojangles locations will open across New York City over the next 10 years, with the first location planned for this winter in Brooklyn. Construction is currently underway in the borough's East Flatbush neighborhood...
Home Depot misses earnings and revenue; will open 13 stores in 2025
The Home Depot Inc. reported profit and sales growth that came in below Wall Street expectations but reaffirmed full-year guidance and is opening new stores.
The home improvement giant reported net earnings of $4.6 billion, or $4.58 per diluted share, for the quarter ended Aug. 3, with adjusted earnings of $4.68 per share, basically even with net earnings of $4.6 billion, or $4.60 per share and $4.67 per adjusted share, in the same period of fiscal 2024.
Sales rose 4.9% year-over-year to $45.28 billion from $43.2 billion...
Bed Bath & Beyond will not open stores in this state
Bed Bath & Beyond is launching a brick-and-mortar comeback, but is skipping the nation’s most populated state.
Beyond Inc., parent of Bed Bath & Beyond, issued a statement from executive chairman Marcus Lemonis explaining the company’s decision to not open or operate stores in California, although online delivery will be available there.
"This decision isn’t about politics — it’s about reality," Lemonis said in the statement. "California has created one of the most overregulated, expensive, and risky environments for businesses in America. It’s a system that makes it harder to employ people, harder to keep doors open, and harder to deliver value to customers..."
