CBM’s Retail Shopping Center Management & Leasing Blog

Retail Real Estate News & Trends in Southern California
 

As most of you already know, this year’s ICSC Western Division Conferences will be held at the LA Convention Center in Downtown Los Angeles.

Bye-bye San Diego, it was TOO fun while it lasted! But alas, things change…

And this is a pretty big change… New city… New venue… New bars + party spots ;—)…

But one thing HAS NOT changed… Our outstanding location on the convention floor!

As convention hall floor plan above illustrates, we’re positioned on a prime end-cap at one the convention’s main entrances == > Booth 1003

The event doesn’t arrive until October 2nd, and there will be more updates to follow. But we just wanted to let you in on the good news!


Costa Mesa, CA – July 2017, Centers Business Management (CBM) completes new leasing transaction with expanding area fitness training studio.

CBM leasing agent, Jason Ehrenpreis, recently completed a new 8-year lease with Total Training fitness studio in a street retail property on busy Newport Boulevard in Costa Mesa, CA. Total Training is occupying a 3,006 SQFT space in an architecturally distinct building that also currently hosts Shoe City, a successful alethic shoe store chain.

Total Training is an Orange County, CA based fitness training business. Total Training’s signature product is “High-Intensity Interval Training” (H.I.I.T). This is a specialized, highly focused form of cross training. The company currently operates two fitness studios — their first in Laguna Hills, and their new location in Costa Mesa.

“This is a great location, with tons of visibility, right off the 55 Freeway in prime Costa Mesa,” says Jason Ehrenpreis of the property’s impeccable positioning. “And the co-tenancy with Shoe City, which is rapidly expanding in SoCal, is a perfect fit. Physical training + athletic shoes – It’s ‘can’t miss’ pairing!” Ehrenpreis adds extolling the virtues of the Total Training’s precision synergy with existing tenant, Shoe City.

“Gyms, fitness studios and personal training are all thriving retail uses currently. And we’re seeing more and more deals with tenant-type” says CBM President, Rick Rivera. “And the rising deal volume in the fitness trade is unsurprising considering that exercise and personal training is NOT something you can ‘buy online,’” Rivera adds noting retail real estate’s continued shift toward services oriented businesses.

For more information about CBM and their retail leasing and property management services, please contact: Rick Rivera 310.575.1517 x201.

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West Hollywood, CA – July 2017, Centers Business Management (CBM) completes new leasing transaction with successful beauty supply retailer.

CBM leasing agent, Jason Ehrenpreis, recently completed a new 5-year lease with Bassett Beauty Solutions, an expanding beauty supply retailer, in a West Hollywood, CA shopping center. Bassett Beauty Solutions is occupying 1,040 SQFT space in a well-patronized community shopping center on busy Santa Monica Boulevard, at the intersection of Crescent Heights Avenue, in the heart of West Hollywood’s thriving retail trade district.

Founded by long-time beauty-industry professionals, Christina + Ward Bassett, Bassett Beauty Solutions specializes in supplying licensed stylists + cosmeticians with professional grade products. The business has steadily expanded over the past decade and currently operates five stores. Three in Southern California, including the West Hollywood location, Orange County, and San Diego, in addition to a Northern California outlet in Sacramento, and an out-of-state location in Scottsdale, Arizona.

“This is one of the busiest intersections in West Hollywood, with countless trendy restaurants and bars nearby,” says Jason Ehrenpreis of the property’s top-tier location in prime West Hollywood. “The store is perfectly located given the growing number of salons + skin care treatment oriented business in the area,” Ehrenpreis adds referencing the myriad hair and beauty salons that line Santa Monica Boulevard its pathway through the heart of West Hollywood.

“Hair and beauty salons, as well as skin care and days spas, continue to thrive” states CBM President, Rick Rivera. “We consistently lease a sizable number of spaces to these types of businesses year in and year out,” Rivera says of the beauty related industry’s sustained success in retail.

For more information about CBM and their retail leasing and property management services, please contact: Rick Rivera 310.575.1517 x201.

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West Los Angeles, CA – July 2017, Centers Business Management (CBM) completes new leasing transaction with expanding gadget repair business.

CBM leasing agent, Jason Ehrenpreis, recently completed a new 5-year lease with West LA iPhone Repair, an expanding tech repair service provider, in Westwood, CA. West LA iPhone Repair is occupying a 540 SQFT space in a busy neighborhood shopping at the heavily-trafficked intersection of Westwood Boulevard + Olympic Boulevard, just south of Westwood Village and the UCLA campus. The center features a diverse tenant mix, anchored by the popular and long-running Big Chill (frozen yogurt store).

West LA iPhone Repair is a rapidly growing business that currently operates four locations throughout greater Los Angeles, and boasts plans continue its aggressive expansion.

“This is a fantastic West LA location near UCLA, with a strong tenant mix that includes the Big Chill, which is an iconic Westwood institution, and a huge consumer draw,” says Jason Ehrenpreis of the center’s prime Westwood location. “And this is rare smaller space in a center that also offers on-site parking – a real tough-to-find gem in West LA retail” Ehrenpreis adds noting the current difficulty many tenants face in sourcing smaller-sized retail locations on Los Angeles’ west side.

“iPhone, iPad and other gadget repair-type businesses have been rising steadily,” says CBM President, Rick Rivera. “We’ve been leasing to increasing numbers of tech-repair tenants in centers throughout the LA basin. And we expect to see more as greater numbers of people come to depend on smart phones and tablets in their daily lives,” Rivera suggests commenting on the rising tide retail property-based tech repair businesses.

For more information about CBM and their retail leasing and property management services, please contact: Rick Rivera 310.575.1517 x201.

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Centers Business Management (CBM) Valley Division Director, Dave O’Connell, and leasing agent, David Guardado, recently completed a lease transaction representing the landlord and tenant, the Department of Social Services, on a 3,834 SQFT office space. The office is situated in Roy Business Park, a busy office park on Palmdale Boulevard, located between 15th Street and 16th Street in Palmdale’s primary commercial district.


Centers Business Management (CBM) Valley Division Director, Dave O’Connell, and leasing agent, David Guardado, recently completed a lease transaction representing the landlord and tenant, a local interior design firm, on an 1,875 SQFT retail space. The street retail corner shop space is lcoated on busy Sherman Way at the intersection of Remmet Avenue in the heart of Canoga Park. The building is situated adjacent to a Farmers Insurance agency and H&R Block tax preparation office, along with a variety of other retail, service and restaurant tenants amid a thriving retail district.


Centers Business Management (CBM) leasing agent, Jason Ehrenpreis, recently completed a lease transaction representing the landlord in deal with House of Grill, a local restaurant, on a 1,660 SQFT retail space. The unit is situated in a well-patronized mid-block center on busy Devonshire Street, just east of Balboa Boulevard, in prime Granada Hills. The thriving neighborhood center is positioned between IHOP and a medical office building. The property’s diverse co-tenants include Red Wing work apparel, Supercuts, Pizza Hut, a US Army recruitment center and more.


Centers Business Management (CBM) leasing agents, Brett Mero + David Levcovitch, recently completed a lease transaction representing the landlord and tenant, a local Jewish community organization, on a 1,250 SQFT retail space. The unit is situated in a busy corner strip center at the intersection of Burbank Boulevard and Whitsett Avenue in prime Valley Village. In addition to the 7-Eleven anchor, the diverse co-tenant mix includes Subway, Metro PCS, several popular restaurants and more.


Centers Business Management (CBM) leasing agent, Jason Ehrenpreis, recently completed a lease transaction representing the landlord and tenant, Total Training, an expanding area fitness company specializing in High Intensity Interval Training, on a 3,006 SQFT space. The unit is situated in a mid-block street retail property fronting onto heavily trafficked Newport Boulevard, in the heart of Costa Mesa. The newer, well-maintained property features unique architectural design and outstanding curb appeal. And the center’s co-tenant, Shoe City, a fast-growing athletic shoe retailer, is perfect paring.