PlanOmatic

Los Angeles, CA – April 2018, Centers Business Management (CBM) takes over management of four retail storefronts on Abbot Kinney Boulevard, near Venice Boulevard, in the prime West Los Angeles community of Venice Beach.

003-5311393-smallCBM recently took charge of property management on a four-unit storefront parcel at 1504-1508 Abbot Kinney Boulevard, one block north of Venice Boulevard, in the heart of Venice Beach. This eclectic neighborhood, a fabulously Bohemian community, is one of West Los Angeles’ most culturally distinctive regions. Home to the famed “Muscle Beach” and ever-popular Venice boardwalk, a long-time favorite tourist destination, Venice now also hosts the headquarters of popular social media app, Snap (formerly Snapchat). Thus, in addition to its tourist appeal, the neighborhood has also evolved into a bedroom community serving the area tech-boom, which has lately seen Venice dubbed “Silicon Beach.”

Abbot Kinney Boulevard serves as the community’s primary retail trade hub, home to countless fashionable boutique retailers, hip cafes, and trendy eateries. The storefronts CBM is now managing hosts four high-end retail outlets, including Aesop, a custom bath, body and skin care product manufacturer; Fiorentini + Baker, an artisan shoemaker that crafts shoes from repurposed vintage goods; Made in Earth, handcrafted jewelry fashioned from crystals and other natural materials; and Satine, a BoHo women’s clothing boutique.

006-5310191-small“Abbot Kinney is unique, in the true sense of the word… The funky-hippie-locals, the new money Snapchat crowd, out-of-town tourists, and everyday Angelenos all coverage on Abbot Kinney,” says Pamela Ozell, senior property manager now overseeing the parcel. “And retail, especially high-end boutiques and upscale cafes, are BOOMING in the midst of this eclectic melting pot! And those are the type of businesses in the parcel I’m now managing,” Ozell adds in reference to Venice’s continuing transformation into an upscale retail hotspot and popular leisure destination.

004-5310193-small“Many of the older, character buildings and shops, which the parcel we now manage represent, have been demolished and replaced with far more contemporary-styled structures,” notes Rick Rivera, CBM President. “But regardless of whether sites host character buildings or modern construction, area rents and property values have SKYROCKETED! Which is a huge boon to landlords and real estate investors alike,” Rivera adds underscoring Venice’s growing appeal among savvy real estate investors.

For more information about CBM and their retail leasing and property management services, please contact: Rick Rivera 310.575.1517 x201 | rickr@cbm1.com.