Los Angeles, CA – January 2018, Centers Business Management (CBM) acquires new leasing and property management account on Santa Monica Boulevard, near Sepulveda Boulevard + 405 Freeway, in prime West LA location.

CBM recently took over leasing and property management of a strip center at 11031 Santa Monica Boulevard in the heart of West Los Angeles. This well-located trophy property is situated just east of Sepulveda Boulevard and the 405 freeway, adjacent to Westwood Village and the nearby UCLA campus. Boasting exceptional curb appeal, this 23,400 SQFT high visibility neighborhood center is anchored by Coffee Bean & Tea Leaf and features a diverse tenant mix that includes successful local chains, Salad Farm and Pita Café, high-end sushi Hamasku, Carvel Ice Cream, and a convenience store, among others.

“Demand for high [retail] identity space is absolutely booming! Meanwhile, properties that fit the bill are in criminally short supply,” says Jason Ehrenpreis, senior retail leasing agent currently listing the center. By way of example, Ehrenpreis notes: “This listing hasn’t officially hit the market, and attention is already soaring,” further adding: “Retail space in well-located centers, like this property, are EXACTLY what niche restaurants and small format service businesses [currently the most active segment among strip center tenants] are pining for.”

“The landlord, who only resides in Southern California part-time, previously self-managed the property,” says Pamela Ozell, senior property manager now managing the center, “But the task just became too overwhelming.” Ozell adds: “Many independent strip center landlords are struggling to manage their own properties as city bureaucracy grows, constantly ushering new and increasingly onerous regulations and compliance measures, along with growing sophistication and greater demands, even among smaller tenants.”

“Amid the ‘fake news’ headlines falsely touting the ‘death of retail,’ this property proves well-located real estate is an ENDURING asset!” proclaims Rick Rivera, CBM President, adding “Tenants are desperate for space like this.” Rivera also notes: “The current crop of retail tenants may favor different use-types than we’ve seen in the past. But businesses are opening, expanding, and growing. And the demand for retail shop space, especially in desirable locations, is as active as ever,” Rivera offers as evidence of what he sees as a flourishing retail market.

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

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Centers Business Management (CBM) leasing agent, Kelly Harrison, recently completed a lease transaction representing the landlord and tenant, Liberty Tax, a regional tax preparator franchise, on a 976 SQFT retail space. The unit is in a corner strip center at the signalized intersection of Victory and Fulton in prime Van Nuys. The center’s notable co-tenants include a UPS Store, Metro PCS (cellphone sales + services, and popular local Mexican Restaurant, Vallarta Grill.


Centers Business Management (CBM) leasing agent, David Levcovitch, recently completed a lease transaction representing the landlord and tenant, an independent insurance agency, on a 900 SQFT retail space. The unit is in a newer, well-maintained corner strip center on high profile Ventura Boulevard, just west of Fallbrook Avenue. Boasting exceptional curb appeal, the neighborhood center’s co-tenants include Val SURF and Sneakerland, in addition to a host of diverse service-oriented businesses.


Centers Business Management (CBM) leasing agent, Jason Ehrenpreis, recently completed a lease transaction representing landlord in a deal with Mathnasium (children’s Tutoring) on a 2,000 SQFT retail space. The unit is in a newer, 3-story shopping center at the intersection of Lake and Mendocino in prime Altadena. Boasting exceptional curb appeal, the Chase Bank anchored center also hosts an Allstate Insurance office, and is situated along a bustling retail corridor in the heart of Altadena’s primary commercial district.


Centers Business Management (CBM) leasing agent, Robert “Bob” Chaikin, recently completed a lease transaction representing the landlord in a deal with Papa John’s Pizza on a 1,375 SQFT retail space. The unit is in corner neighborhood center at the intersection of Whittier and Concourse in prime Montebello. The center’s co-tenants include Western Union Check Cashing + Payday Loan and Fred Loya Insurance.


Centers Business Management (CBM) Valley Division Director, Dave O’Connell, and leasing agent, Zac Ryburn, recently completed a lease transaction representing the landlord in a deal with a local auto paint store on a 1,745 SQFT retail space. The unit is in the Covina Mini Mall, a large community center that stretches half a block along Arrow Hwy, just east of Hollenbeck Avenue in prime Covina. The busy center features a diverse tenant mix, highlighted by Harbor Freight and Tools, and a Mobile gas station positioned on the hard corner.


Stealing the show, one of Senior Leasing Agent, Geoff Grossman’s inimitable skills, is EXACTLY what Mr. Grossman did during his appearance on ACRE’s annual Retail Forecast panel this past Tuesday.

Lead by moderator Ryan Garcia, Vice President of CBRE, and joined by fellow panelists, Ben Terry, Vice President of Coreland Companies, and Trevor Blood, a mortgage broker with Southwest Pacific Realty, Mr. Grossman took a deep dive into the prospect of what 2018 holds for the retail real estate industry.

Read the full recap here…


Centers Business Management (CBM) leasing agent, Matt Saker, recently completed a lease transaction representing the tenant, State Farm Insurance, on a 950 SQFT retail space. The unit is large community center at the intersection of lower Azusa Road and Golden West Avenue in prime El Monte. The center’s co-tenants include Subway, Popeyes Chicken, Louisiana Fried Chicken and more.


Centers Business Management (CBM) Valley Division Director, Dave O’Connell, and leasing agents, Brett Mero + David Guardado, recently completed a lease transaction representing the landlord and tenant, Famers Insurance, on a 660 SQFT retail space. The unit is in a large strip shopping center at the intersection of De Soto and Osborne in prime Canoga Park. The 2-story shopping center features a diverse mix of service, food, and retail office tenants.


Centers Business Management (CBM) leasing agent, Robert “Bob” Chaikin, recently completed a lease transaction representing the landlord and tenant, Fiesta Insurance, a regional insurance broker, on a 1,772 SQFT retail space. The unit is in a busy medical clinic anchored community center at the intersection of Firestone and Santa Fe in prime South Gate. The center’s notable co-tenants include Fast Auto Loan, Fred Loya Insurance, Pronto Pizza, Metro PCS, and more.