CBM1’s Co-Managing Partner, Geoff Grossman, Delivered a Presentation on Demographics in Retail Property Development to a UCLA Extension Real Estate Finance Class.

In the fall of 2024, Professor Mark Ruff invited Geoff (a former student) to give a presentation to his Real Estate Finance class on guiding landlords, tenants, and developers through the retail property development process. The session was such a smashing success that Professor Ruff invited Geoff back for a repeat performance.

This year’s presentation focused on analyzing population, income, and employment demographics to determine what prompts retail tenants to seek specific locations and what motivates developers to build retail projects at particular sites.

The 60+ minute discussion expanded beyond demographics, veering into current retail development trends, what’s on the horizon for the industry, and how retailers must evolve to thrive in the future.

Professor Ruff and the entire class were enthralled by Geoff’s commentary, which led to an extended question-and-answer session. The engaged and eager students inquired about a variety of subjects, including the efficacy of mixed-use developments, the impact of e-commerce on brick-and-mortar retail, and how to revitalize Santa Monica’s 3rd Street Promenade.

The class was unanimous in their opinion that Geoff’s discussion was insightful and informative, and the session was clearly a huge success!

Many thanks to Professor Russ for extending the invitation once again. And to the in-person and online students for their insightful questions.

#CBM1 #CRE #RetailRealEstate #RetailDevelopment #RetailDemographics #RealEstateFinance #UCLAExtension

CBM1’s Aaron Guido + Daniel Barriga recently completed a lease with Froggy’s Jumpers Indoor on a +/-5,040 SF retail space in a remodeled shopping center at Atlantic Avenue and Tweedy Boulevard in prime Southgate.

A newly launched, independent local business, Froggy Jumpers is an indoor recreation facility and rental service offering bounce houses, waterslides, and other inflatable amusement structures. Froggy’s hosts guests at their “indoor park” in the Southgate shopping center and rents inflatable structures for private parties and special events.

The busy center’s notable co-tenants include Baskin Robbins Ice Cream, Winchell’s Donuts, Bright Dental, and Cricket Wireless.

Situated just south of Firestone Boulevard, near the 710 freeway, the center is one block from Southgate Elementary School, where 460 students are currently enrolled. The site is also one block from Southgate Park, a massive and popular recreation center with soccer fields, baseball diamonds, volleyball courts, public swimming pool, batting cages, skatepark, and a municipal auditorium.

For more information, contact Aaron Guido: Aaron@cbm1.com | 714.769.6117 Or Daniel Barriga: Daniel@cbm1.com | 949.608.4886

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A lease that CBM1’s Jason Ehrenpreis recently completed at Western Avenue and Capitol/Trudie Drive in Rancho Palos Verdes was just featured in a Daily Breeze article.

The site, formerly occupied by a Marie Callender’s restaurant but left vacant for several years, has been leased to a national bank.

Mr. Ehrenpreis has been incredibly active at this intersection, handling a number of leases and closing a sale. Jason leased a Wendy’s drive-thru diagonally opposite the subject property last fall. And he closed the sale of Western Plaza, a shopping center in redeveloped across from the subject property in March of this year, in addition to completing several leases with national tenants at the center.

Below are excerpts from the article, reported by the Daily Breeze’s Donna Littlejohn:

“It’s a bank that’s already in the area and is doing very well but was looking for a better location,” Ehrenpreis said. He said the name has not been released but added, “It’s not Chase.”

Ehrenpreis also handled the makeover of Western Plaza on the next block to the south from Marie Callender’s. The center spans a full block between Capitol and Park Western Drive. Work already has begun on that project that will include a Habit Burger, a Mattress Firm, California Fish Grill and Urbane Café

Meanwhile, the former Broiler Express, also a project of Ehrenpreis, just to the north of Marie Callender’s, is being transformed into a Wendy’s with a drive-thru that he said should open by July 4^th.

For more details on these transactions or to inquire about retail leasing and commercial property sales, contact Jason Ehrenpreis: Jason@cbm1.com | 310.231.5213

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