Weekly Perl: A Commercial Real Estate News Recap

Marc Perlof • August 8, 2025
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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...

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

Downtown Activist Group Vows to 'Dismantle' DTSM


A group of Downtown property owners has vowed to fight back after the City Council Tuesday evening ousted the six Council-appointed members of the board that runs the central business district.

The Santa Monica Coalition, an activist group of property owners, is drumming up support to dismantle Downtown Santa Monica Inc. by dissolving the area's Property-Based Assessment District (PBAD), according to the group's leader, John Alle...

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It’s Trump’s economy now. The latest financial numbers offer some warning signs

WASHINGTON (AP) — For all of President Donald Trump’s promises of an economic “golden age,” a spate of weak indicators this week told a potentially worrisome story as the impacts of his policies are coming into focus.

Job gains are dwindling. Inflation is ticking upward. Growth has slowed compared with last year...

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

Veterinary Real Estate Surges As Clinics Replace Retail Closures


Pets Replace People — And Drive Real Estate Demand

As traditional retail tenants exit suburban buildings and industrial parks, veterinary care providers are moving in. They’re no longer just converting homes into clinics, reports Bisnow. The newest wave of animal care centers resembles human hospitals, a reflection of evolving consumer expectations...


The 2025 QSR 50: Fast Food’s Leading Annual Report

Each year, the QSR 50 provides a data-driven ranking of the largest quick-service restaurant chains in the U.S., offering insight into the strategies shaping the fast-food industry.

The latest edition reveals a sector defined by resilience, innovation, and shifting consumer expectations. Brands responded to macroeconomic pressures with renewed focus on value, using meal deals, digital promotions, and loyalty programs to retain price-sensitive guests...


Wayfair to bring large-format store concept to Denver

Wayfair Inc. continues to expand its biggest brand in brick-and-mortar. 

The online home furnishings giant will open its next large-format retail location at The Shops at Northfield in Denver, in late 2026. Spanning two floors, the approximately 140,000-sq.-ft. store will showcase Wayfair's vast assortment, including "Verified" items, a program that spotlights the brand's “most-trusted” products...


Starbucks pilots ‘coffee house of the future,’ to phase out pickup-only stores


Starbucks Corp. is investing in improving its brick-and-mortar experience as part of its turnaround strategy under CEO Brian Niccol.

The coffee giant plans to sunset its mobile order and pickup only concept in fiscal 2026, Niccol told analysts Tuesday on the company’s earnings call. The format was launched in New York City in 2019. It has since grown to approximately 90 locations nationwide...

Bed Bath & Beyond Home reveals opening date, location; will accept old coupons


Bed Bath & Beyond is making its brick-and-mortar return with a new format and one of its most iconic features.

The Brand House Collective, formerly Kirkland's Inc., said that it will celebrate the grand opening of its first Bed Bath & Beyond Home location on Aug. 8, in Nashville. The store opening is the first for the company under its new name, The Brand House Collective, following its approval by shareholders at the annual meeting held on July 24...


At Home store closures accelerate



The latest At Home brick-and-mortar closings add to the previously announced liquidations in June spanning 12 states. The home furniture and decor company operated about 260 stores across 40 states when it filed for bankruptcy. 

For the latest closures, all sales are final on goods purchased on or after Friday. At Home gift cards, certificates, loyalty and credit card rewards will be accepted through Aug. 14 at the closing stores...


Store Expansion News: July update



Retailers and restaurants alike made headlines in July with store expansions and new formats. 

Here are the major stories as reported by Chain Store Age, starting with the most recent.

  • Wayfair to bring large-format store concept to Denver The online home furnishings giant will open its next large-format retail location at The Shops at Northfield in Denver, in late 2026...


7-Eleven to open 1,300 stores in North America

Seven & i Holdings Co. Ltd. has launched what it calls the “transformation of 7-Eleven,” and it includes investments in stores and expansion.


The Japanese retail giant is embarking on the strategy following the failed takeover attempt by Canadian retailer Alimentation Couche-Tard Inc. In July, Couche-Tard, whose banners include Circle K, withdrew its $46 billion proposal to acquire Seven & i Holdings Co., citing a “lack of constructive engagement” by the Japanese company...


Claire’s files for bankruptcy; closing 18 stores — here's where

Claire’s Holdings has filed for bankruptcy protection for the second time in seven years.

The mall-based tween and teen accessories retailer, which operates stores under the Claire’s and Icing banners, said it filed for Chapter 11 protection “to maximize the value of its business.” The company also plans to start insolvency proceedings in Canada that would allow it to restructure...


By Marc Perlof May 22, 2026
Retail Real Estate Leaders Brace for Inflation Risks Retail real estate professionals arrived at ICSC Las Vegas this week with leasing momentum still intact, but economic anxiety creeping into conversations across the industry’s biggest annual gathering. Executives interviewed by CoStar News said resilient consumer spending and active retailer demand continue to support the sector, even as inflation, fuel prices, and global instability cloud the outlook for the second half of 2026...
By Marc Perlof May 18, 2026
By Marc Perlof | MarcRetailGuy CA #01489206 May 18, 2026 If you own retail real estate, here’s what just changed for you. In some situations, removing the price can lead to stronger offers. This approach allows the market to determine value instead of limiting it upfront. When used correctly, it can create competition and improve your outcome. More retail properties are being marketed without a price. Brokers are using offer-driven strategies to let buyers compete based on their own assumptions. What is causing it? Differences in buyer expectations and uncertainty in valuation are driving this shift. In many cases, investors and developers value the same property differently, especially when there is upside or redevelopment potential. How does removing the price affect your value? Removing the price can eliminate the ceiling. Buyers are not anchored to a specific number, which can lead to stronger offers when demand is present. When multiple buyers are involved, this approach can create competition and push pricing higher. What is the risk? If demand is limited, offers may come in below expectations. This often happens when the buyer pool is thin or when the property has uncertainty, such as a short lease term, tenant risk, or redevelopment challenges. When should you use Request for Offers? Use it when there is strong demand and the property is expected to attract multiple buyers. Even in these situations, active buyers and brokers will often ask for pricing guidance or a whisper price to understand where the seller expects the deal to trade. When should you use a more flexible approach? Use submit offers when you want flexibility and are testing the market. This approach allows you to respond to buyer feedback while still maintaining control of the process. Some properties are marketed without a price because the broker does not have a clear view of value. That is not the same as a strategy. When used correctly, removing the price is intentional and supported by buyer demand, positioning, and a defined process. Without that structure, it can create confusion and weaker results. We are seeing strong assets generate multiple offers with this approach, while weaker deals struggle to gain traction without pricing guidance. This strategy is not about avoiding a price. It is about allowing the market to define it when the conditions support it. If you need context, review Part 2: “Should You List Your Retail Property With an Asking Price?” In next week’s final article, read “How Strategic Underpricing Can Increase Your Retail Property Sale Price” (Part 4) , including one approach many owners overlook. If you are considering an offer-driven strategy, reach out before going to market. I will help you determine if your property can support it and how to structure it properly. Call or DM me for more information. Would removing your price increase your value or create uncertainty? Based in Los Angeles. Serving Southern California. Active across California. Advising clients nationwide. #RetailRealEstate #CRE #InvestmentProperty #CommercialBroker #LosAngelesRealEstate #NNN #RetailInvesting #PropertySales
By Marc Perlof May 15, 2026
CPI surged in April as inflation soars to highest level in almost 3 years Inflation accelerated in April to an annual rate of 3.8%, the highest since May 2023, as the Iran war pushed up energy costs and raised prices across the economy. By the numbers Economists predicted inflation would jump to 3.7% on an annual basis, up from the 3.3% reading in March, according to a FactSet poll.
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