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Retail Rents Falling From Manhattan To Los Angeles

PYMNTS

The study’s Retail Space Developer Sentiment Index, which runs from zero to 100 and counts readings above 50 as “optimistic,” fell to about 20 in San Francisco, the East Bay, Silicon Valley, Los Angeles, Orange County and San Diego as of June. Nationwide, Moody’s Analytics estimated that effective retail rents would fall 11.1

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Nordstrom Local Expands In Los Angeles

PYMNTS

Following a positive reception from customers , Nordstrom Local announced two more Los Angeles locations for its hyperlocal retail concept. Overall, Nordstrom’s largest market is Los Angeles: The city has four million customers and 16 full-line, brick-and-mortar stores. and super easy for them.”.

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Visa, OpenTable partner on dining perks program

Payments Dive

The card giant expects to expand the network beyond its pilot markets, Los Angeles and Chicago.

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Shifting The Used Car Market Into Overdrive

PYMNTS

He is the cliché of a profession that has a lot of suede sheen on it, but at least one company is in the market to bring used car sales into the digital future. “We It’s hard to imagine that there’s so much technology and innovation happening up and down the mobility spectrum except for in this market — and it’s a $1.4

Marketing 242
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VC Firm Greycroft Raises $680M In Search Of Next Venmo, Subscription Startups

PYMNTS

Venture capital firm Greycroft , based in New York and Los Angeles, has raised $680 million to fund new startups, according to Bloomberg , looking for "the next Bumble or Venmo.". But after several months of slowing down, IPOs began to flood the market again. IPOs had fallen after the initial onset of the pandemic.

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Distressed US Commercial Real Estate Lost 27 Pct Of Value, Wells Fargo Data Shows

PYMNTS

The Financial Times (FT) reported the evidence of the losses can be seen in the commercial mortgage-backed securities (CMBS) market from appraisals. In another case, the Holiday Inn La Mirada, near Los Angeles, was recently valued at $22 million — a 27 percent dive from 2015. Commercial properties in the U.S.

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Grocery Round-Up: Amazon Fresh Opens, Whole Foods Cuts Prices And The US Grocery Sales Boom Slows Down 

PYMNTS

The long-awaited first Amazon Fresh brick-and-mortar store officially opened for business in Los Angeles this week, while Whole Foods talked up falling prices. This week, the eCommerce giant gave the public open access to the shop, located in Los Angeles. has had an unbelievable and unexpectedly good year so far.