Well, in the protected waters of Marina Del Ray’s harbor anyway ;—)

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Gorgeous Marina (Del Rey) Views Aboard Dream On

But the harbor scene was no less exciting or enjoyable than open waters. And the setting couldn’t have been more perfect if we’d scripted it… Bright and sunny cloudless blue skies and ideal temps (not too hot, not too cold), trimmed by a gentle, airy breeze that trailed our vessel, Dream On, as we cruised the gorgeous Marina inlet.

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A Grand Time Was Had By One-And-All!

Meanwhile, the entire team was on-hand partaking in a delectable lunch, luscious libations, and engaging conversation as we sailed through the vivaciously glowing midday rays.

All set to the dulcet tones of a solo guitarist, expertly strumming a bevy of classic tunes on his nylon string Spanish guitar.

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The Perfect Ending to Another Productive Year

All-in-all, our boat bash provided a perfect crescendo to another successful year!

Check out more pix from our dreamy cruise aboard Dream On at CBM’s Facebook page

P.S. Many thanks to Hornblower Cruises for making our party such a monumental hit!


Shake Shack Poised for Biggest Growth Year Ever

By QSR Magazine, November 2, 2017

Boosted by both revenue and overall sales increases of nearly 27 percent during its latest quarter, Shake Shack is planning to open more locations in new markets throughout 2018.

During a conference call Wednesday, CEO Randy Garutti said the company plans to open between 32 and 35 new company operated locations by the end of 2018, with about 20 percent of those units expected to open in new markets. 2018 will be the biggest year of unit openings for Shake Shack to date, and will result in year-over-year unit growth between 36 and 40 percent. Shake Shack has revised its forecast of opening 24 restaurants by the end of 2017 to potentially opening 26 units.

New units will include a Shake Shack at LAX Airport and at Hartsfield-Jackson Atlanta International Airport. During the third quarter, Shake Shack entered the San Antonio market and added its second Michigan location.

While sales and revenue increased during the third quarter thanks to year-over-year unit growth of 36 percent, Shake Shack’s same-store sales fell by 1.6 percent compared to a 2.9 percent increase last year. Traffic decreased 3.8 percent.

“We’re pleased with both our top and bottom line growth in the third quarter despite the negative impact of Shack closures caused by two major hurricanes,” Garutti said, adding that the company closed nine locations for a total loss of 33 operating days during the storms.

Earlier this month, Shake Shack launched its kiosk-only, cashless store and tested a split kitchen for greater throughput. Garutti says that the company will continue to invest in these types of innovations and expects an increasing proportion of ordering to be conducted through the Shack app and delivery channels.

“Our average check via the app remains higher than in Shack,” he said. “We’re seeing encouraging return rates from our app users and while [it’s] still in the early days for us, we believe the Shack app is a really important tool for us to deepen our connection with our guests with a strategic push towards more personalized marketing initiatives to drive greater frequency and spending.”

Shake Shack launched its Hot Chick’n LTO during the quarter, and will continue to test chicken as an expanded menu category.

Garutti says that the brand has been pleased with delivery pilots and there is high demand for Shake Shack delivery.

“In terms of where we ultimately go with delivery, anything we choose to build will be with long-term sustainable economics in order to create a strong healthy business,” Garutti said. “For now, you’ll continue to see us approach this area of our business thoughtfully and strategically.”

View original article here…


Center Centers Business Management (CBM) leasing agent, Brett Mero, recently completed a lease transaction representing the landlord and tenant, Wanderlust Creamery, a local ice cream parlor, on a 1,000 SQFT retail space. The unit is situated in a newer, corner shopping center at the intersection of Glendale Boulevard and Glenhurst Avenue in the steadily gentrifying Northeast Los Angeles enclave of Atwater Village. The well maintained, artfully designed shopping center features stunning curb appeal and a variety of successful co-tenants, including Subway, Dunkin Donuts, the UPS Store and more.


CBM’s Valley Division Director, Dave O’Connell, and long-time Encino office leasing agent, David Guardado, both celebrated birthdays last week.

CBM’s Encino office team joined together to honor these two fine gents at a big birthday bash lunch.

We can’t tell you how old Dave + David are, but we can tell you they’re old enough to have a good time ;–) Which, if the photo above is any indication, they clearly did!

Happy Birthday, boys!

 



The latest addition to the CBM team, Diana Romero, knows how to strut her stuff…

Just like any good peacock!

And in the pic above, Diana’s representing CBM with LOADS of Halloween spirit (at CBM’s West LA office front desk).

Check out that peacock custom… AMAZING, huh?


Retail leasing specialist, and all around amazing guy, David Levcovitch…

Just celebrated his 70th birthday!

In the birthday bash pictured above, David is accompanied by the CBM’s entire Encino office, two veteran West LA office property managers, and CBM President, Rick Rivera.

David joined CBM’s Encino office in mid-‘90s, and has been a retail leasing juggernaut, not to mention one of CBM’s most productive leasing agents, ever since.

The only question for David now, reflecting back upon his 20+ year career with CBM: We’ll the company be celebrating his 90th birthday in another 20 years?

I’d put my money on it!