CBM’s Retail Shopping Center Management & Leasing Blog

Retail Real Estate News & Trends in Southern California
 

Centers Business Management (CBM) West LA Leasing Director, Geoff Grossman, and leasing agent, Aaron Guido, recently completed a lease transaction representing the landlord in a deal with In Touch Mobile (cell phone sales and service), on a 1,431 SQFT retail space. The unit is situated in a recently remodeled mid-block shopping center on Crenshaw Boulevard, just south of 147th Street in prime Gardena. The property is next door to a busy Dollar Tree outlet and across the street from an O’Riley Auto Parts store.


Centers Business Management (CBM) Valley Division Director, Dave O’Connell, and leasing agent Eric Kalfa, recently completed a lease transaction representing the landlord in deal with Wynstan USA Inc, a blind installation company, on a 1,800 SQFT retail space. The street retail property is situated on busy Ventura Boulevard, just east of Balboa Boulevard in prime Encino. The property is positioned next to a newer, large-scale mixed-use retail and apartment complex.


Centers Business Management (CBM) Valley Division Director, Dave O’Connell, recently completed a lease transaction representing landlord on a 26,255 SQFT retail space in a deal with Ross Dress for Less. The unit is situated in a busy community shopping center at the intersection of Arrow Highway and Azusa in prime Covina. The tenant, Ross Dress for Less, one of Calfornia’s most successful discount retailers, pursued this location because of its population and income demographics, which are ideally suited to off-price retailers.


Center Centers Business Management (CBM) Valley Director, Dave O’Connell, and leasing agent, Zac Ryburn, recently completed a lease transaction representing the landlord and tenant, a local Jujitsu dojo, on a 3,000 SQFT retail space. The unit is situated in a large-scale community shopping center at the intersection of Wardlow Road and Norwalk Boulevard in prime Long Beach. The center’s A+ national co-tenants include TJ Maxx, Dollar Tree and Goodwill.


Center Centers Business Management (CBM) leasing agent, Jason Ehrenpreis, recently completed a lease transaction representing the landlord in deal with National Vision Inc, an expanding optometry clinic, on a 3,309 SQFT retail space. The unit is situated in a power center at the intersection of Lone Hill Avenue and Gladstone Street in prime Glendora. The power center’s A+ national co-tenants include Sam’s Club, Home Depot, Home Goods, Kohl’s, Wendy’s Drive-Thru restaurant, Baja Fresh Mexican restaurant and many more.


Center Centers Business Management (CBM) Valley Division Director, Dave O’Connell, and leasing agent, Brett Mero, recently completed a leasing transaction representing landlord and tenant, a College Planning firm, on a 1,600 SQFT retail office space. The unit is situated in a corner office park that hosts both retail and office tenants. The property is predominately education focused, with tutoring and early child physical education oriented co-tenants.


Center Centers Business Management (CBM) Valley Division Director, Dave O’Connell, recently completed a lease transaction representing the landlord and tenant, Post City Financial Credit Union, on a 2,000 SQFT retail space. The unit is situated large-scale community shopping center at the intersection of Wardlow Road and Norwalk Boulevard in prime Long Beach. The center’s A+ national co-tenants include TJ Maxx, Dollar Tree and Goodwill.


Centers Business Management (CBM) property manager, Roselene White, recently completed a lease transaction representing landlord and tenant, Subway, on a 1,250 SQFT retail space. The unit is situated in multi-pad community shopping center at the intersection of Willow Street Long Beach Boulevard in prime Long Beach. A high-volume Burger King Drive-Thru restaurant is positioned on the property’s hard corner. Additional co-tenants include H&R Block, Metro PSC and Flame Broiler restaurant.


Los Angeles, CA – February 1, 2017 – CBM hosted a table at ISCS’s annual Idea Exchange in Downtown Los Angeles

“Great energy!” was the theme of this year’s International Council of Shopping Centers (ICSC) annual Southern California Idea Exchange. Over 100 exhibitors and nearly 1,000 attendees hailing from across commercial real estate industry were on hand Wednesday, February 1st, at the Los Angeles Convention Center in Downtown Los Angeles. This year’s agenda included a presentation on “Making Big Box Space Work,” which delved heavily into repurposing Big Box Retail space, a keynote speech from Ken May of Topgolf, an entrepreneur that launched a successful retail-entertainment concept, and the usual three-hour deal-making session.

This year’s Idea Exchange attendance didn’t quite measure up to last year’s event… Idea Exchange 2016 was one of the most well-attended gatherings in the event’s history. The slightly smaller turnout, however, was more than compensated for by activity!

“I started at the far corner and worked my way [through the seven, 20 yard long rows of exhibition tables] to the opposite corner, and it took my an hour and forty-five minutes,” said Encino office leasing agent, Brett Mero. “And there were a lot more brokers and tenants, and far fewer vendors this year,” Mero added. This shift better attuned the gathering to landlord representative firms, like Centers Business Management (CBM). And as a result, the energy was more positive and productive than it’s been at any prior Idea Exchange.

As usual, CBM exhibited at the event, and the positive energy was evident throughout our interaction with attendees. “I spoke with a number of landlords and brokers, and all were impressed with activity and general positivity in the air,” said CBM President, Rick Rivera. Clearly another successful Idea Exchange in the books!

To find out more about ISCS, visit them online at: www.icsc.org. For more information CBM’s retail leasing and property management services, please contact Rick Rivera at 310.575.1517 Ext. 201 or rickr@cbm1.com.

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Center Centers Business Management (CBM) leasing agents, Dave O’Connell, Brett Mero + Zac Ryburn, recently completed a leasing transaction representing the landlord and tenant, a local ice cream parlor, on a 1,528 SQFT retail space. The unit is situated in a corner strip center at the intersection of Reseda Boulevard and Chase Street. The property is located adjacent to a large Vallarta Supermarket and high volume Burger King drive-thru fast food restaurant.