We’re pleased + proud to announce CBM retail specialists Dave O’Connell, Jason Ehrenpreis + David Levcovitch are 2018 CoStar Power Broker Award winners!

Additionally, CBM also earned a 2018 CoStar Power Broker award for the firm-wide efforts of our industry-leading retail leasing team. This makes our 10th consecutive win! And we owe it all to our top-tier leasing agents.

For additional details, please visit CoStar’s Power Broker awards site.


20943 Roscoe Boulevard, Canoga Park, CA

Centers Business Management (CBM) leasing agent, Jason Ehrenpreis, recently completed a lease transaction representing the landlord in a deal with People Ready Staffing Agency on a 1,900 SQFT retail space. The unit is in a mid-block corner strip center, just north of a major signalized intersection at Roscoe + De Soto in prime Canoga Park. Situated adjacent to a bustling retail intersection, the site neighbors a multitude of A+ national and regional tenants, including Dollar Tree (discount store), Carl’s Jr, Jack-In-The-Box, Jiffy Lube, Popeye’s Chicken, 67 Gas Station, CVS and more.


14929 Hawthorne Boulevard, Lawndale, CA

Centers Business Management (CBM) leasing agent, Matt Saker, recently completed a lease transaction representing the landlord in a deal with local boxing gym on a 4,050 SQFT retail space. The unit is in 7-Eleven anchored corner strip center at the signalized intersection of Hawthorne Boulevard and Rosecrans Avenue in prime Lawndale. Situated along a bustling retail corridor, the property is positioned across Hawthorne Boulevard from a sprawling Big Saver Food grocery store-anchored community shopping center.


11201-11223 National Boulevard, Los Angeles, CA

Centers Business Management (CBM) leasing agents, Geoff Grossman and Jason Ehrenpreis, recently completed a lease transaction representing the landlord in a deal with Wells Fargo on 1,000 SQFT retail space for an ATM banking center. The unit is in a corner strip center at the intersection of National and Sepulveda in prime West LA. Situated at an off ramp from the 10 freeway, just south of the 405 + 10 freeway interchange, the well-located site is adjacent to a high-volume sales Ross Dress For Less (discount store) and a Vons + CVS anchored community shopping center.


450 W. Arrow Hwy, Covina, CA

Centers Business Management (CBM) Valley Division Director, Dave O’Connell, and leasing agent, Zac Ryburn, recently completed a leasing transaction representing the landlord in a deal with Window World, on a 3,850 SQFT showroom space. The unit is a sprawling office and retail park at the intersection of Arrow Hwy and Hollenbeck in prime Covina. Exceptionally well-located, the property is positioned between a series of sizable office parks and a dense residential neighborhood.


12737 Glenoaks Boulevard, Sylmar, CA

Centers Business Management (CBM) leasing agent, David Levcovitch, recently completed a leasing transaction presenting the landlord and tenant, Fast Auto, on a 1,700 SQFT retail space. The property is located in a corner strip center at the intersection of Glenoaks and Sayer in prime Sylmar. Situated amid a dense residential neighborhood, the center features a diverse mix of thriving restaurant and service co-tenants, including Pizza Hut.


Los Angeles, CA – December 2018, Centers Business Management (CBM) completes a new leasing transaction with an expanding Peruvian restaurant in a prime East Los Angeles retail shopping center.

CBM property manager, Roselene White, recently completed a lease transaction, representing the landlord and tenant, Mancora Peruvian Cuisine, an expanding area restaurant, on a 1,800 SQFT unit in a rehabbed shopping center. The property is situated at the major signalized intersection of Atlantic Boulevard and Pomona Boulevard in unincorporated East Los Angeles. Situated and just southwest of the 60 Freeway’s Atlantic Boulevard exit, and immediately across Atlantic Boulevard from the Metro Gold Line Atlantic Station, the site falls into a Metro Transit Ordinance District. A thriving, well-patronized center, the property hosts diverse mix of A+ national and regional tenants, including McDonald’s (in a pad space on the intersection’s hard corner), Subway, Oportun Financial, Boost Mobile, Liberty Tax Service, Adriana’s Insurance and more.

Mancora Peruvian Cuisine presently operates one additional store, the eatery’s original location, in Alhambra, California, just north of Pasadena. Specializing in “authentic” Peruvian fare, Mancora hopes to build on the success of its current locations and expand further in the greater Los Angeles County marketplace.

“The landlord has been seeking to change the complexion of this center by ushering in additional restaurant tenants,” says property manager Roselene White, adding “And we’ve have made great strides in the direction, with McDonald’s anchoring the center, and Subway in place,” to name a few of the property’s notable food-use tenants. But this shift has not come without challenges. Southern California municipalities have a long history of frequently denying food-use tenants operating permits, sighting a failure to meet onerous parking restrictions. “Under typical circumstances, this center wouldn’t meet the parking requirements necessary to accommodate the current number of restaurant tenants,” notes White. “But thanks to the Metro Transit Ordinance District, which eases parking guidelines specifically for restaurant uses in commercial properties adjacent to Metrorail stations, we’re able to host all the food-related-uses currently in place. And we’re seeking fill remaining vacancies with additional food-use tenants,” White adds in reference to her efforts to bring more restaurants to the center.

In addition to grappling with parking, the tenant also struggled to marshal the funds necessary to complete their unit’s interior build-out. “Mancora was having real trouble securing construction financing. But the contractor Mancora hired to handle the project agreed to underwrite the building costs,” says White highlighting the tenant’s out-of-the-box funding solution that ultimately got the deal done.

“Restaurants continue to be the most active retail tenants. But this deal exemplifies two of the biggest challenges food-use tenants encounter: parking restrictions and construction financing,” says CBM President, Rick Rivera. “The Metro Transit Ordinance District loophole has proven a game-changer that’s facilitated a complete transformation of this center,” notes Rivera, adding “And we hope municipalities will continue to recognize the need for flexibility with often over-barring parking regulations.” Rivera also underscores the need for “creative solutions when it comes to funding build-outs and other construction projects” many independent restaurant tenants require when expanding into new locations.

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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12881 Haster Street, Garden Grove, CA

Centers Business Management (CBM) leasing agents, Aaron Guido + David Guardado, recently completed a lease transaction representing the landlord and tenant, a Boba café, on a 1,200 SQFT retail space. The unit is on Haster Street, immediately off the 22 (Garden Grove) Freeway exit ramp in prime Garden Grove. Situated amid a densely populated residential neighborhood, the remodeled mid-block center’s A+ co-tenants include a Popeyes Chicken drive-thru, Subway, Fred Loya Insurance, Metro PCS, and a dedicated ATM.


6562 E. Olympic Boulevard, East Los Angeles, CA

Centers Business Management (CBM) leasing agent, Jason Ehrenpreis, recently completed a leasing transaction, representing the landlord in a deal with a local Mexican restaurant, on a 1,100 SQFT retail space. The unit is located in a corner shopping center at the signalized intersection of Olympic and Garfield in Prime East Los Angeles. Additional retailers on the bustling intersection include Yum Yum Donuts and Sergio’s Tacos drive-thru.


13541 Lakewood Boulevard, Downey, CA

Centers Business Management (CBM) Valley Division Director, Dave O’Connell, recently completed a lease transaction representing the landlord and tenant, Metro PCS cell phone sales and service, on a 1,000 SQFT retail space. The unit is in a newer, well-maintained corner shopping center at the intersection of Lakewood and Rosecrans in prime Downey. In addition to Metro PCS, the center hosts Supercuts and Agenda Insurance. The busy intersection also features a Wendy’s Drive-thru and Mobile Gas Station.