JUST LEASED! BodyTone Pilates on Riverside Drive in Prime Toluca Lake
CategoriesNews just leased Press Release

JUST LEASED! BodyTone Pilates on Riverside Drive in Prime Toluca Lake

CBM1’s Jason Ehrenpreis recently completed a lease with BodyTone Pilates for a 3,042 square foot end-cap retail space along Riverside Drive in Toluca Lake, further reinforcing the corridor as one of the San Fernando Valley’s most desirable retail destinations.

The highly visible street retail property, located between Talofa Avenue and Mariota Avenue and just east of Trader Joe’s and across from a new mixed-use development anchored by Gelson’s Grocery Store, sits within a stretch of Riverside Drive that has seen increasing demand from fitness, food-and-beverage, and service-oriented retailers catering to Toluca Lake’s affluent residential base.

A SoCal-based boutique Pilates studio, BodyTone has inspired cult-like devotion among its growing client base. The Toluca Lake studio marks their second location, expanding from their original site in Glendale.

BodyTone Pilates joins a growing mix of experiential and lifestyle uses along the corridor, benefiting from strong household incomes, dense surrounding neighborhoods, and a substantial daytime population supported by Warner Bros. Studios, Disney Studios, ABC Television, iHeartRadio, Warner Records, and the broader Burbank Media District. The forthcoming opening of Gelson’s Market across the street further underscores the continued transformation of Riverside Drive into a high-quality, daily-needs and lifestyle retail pocket.

The lease reflects continued tenant demand for well-located street retail in Toluca Lake, particularly spaces that serve local residents while also capturing traffic generated by nearby studios and employment centers.

For more information, contact Jason Ehrenpreis: Jason@cbm1.com | 310.231.5213

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JUST SOLD! 6-Unit Retail Shopping Center in Prime Wilmington
CategoriesNews Press Release just sold

JUST SOLD! 6-Unit Retail Shopping Center in Prime Wilmington

CBM1’s Aaron Guido + Daniel Barriga recently sold an 8,104 SF, 6-unit shopping center situated on an 18,731 SF lot fronting onto Anaheim Avenue at Lakme Avenue in Wilmington, less than 5 miles from the Port of Los Angeles. An investment group acquired the property as part of a growing investment portfolio in Los Angeles County’s Mid-Cities region.

“This deal was nearly a year in the making,” CBM1’s Aaron Guido says regarding the hurdles he and partner Daniel Barriga worked to overcome in closing their latest sale.  “The owner prized their asset and understandably had high expectations. But with few retail properties trading in the area and scarce supporting sales comps, we faced a challenging proposition. Ultimately, we needed to find exactly the right buyer.”

Owing to patience, Guido and Barriga did precisely that: “The investment group [who represented themselves in the transaction] is building a portfolio in the area, and with an eye to long-term appreciation, they saw the property’s clear value.”

Moreover, Guido sees this as an untapped market, “Retail properties in the $2-$5-million-dollar range in LA and Orange County’s submarkets are a goldmine opportunity. And we’re actively seeking investors looking to buy or sell and capitalize on these prospects.”

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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FULLY LEASED! Home Depot + Home Goods Anchored Shopping Center in Prime Torrance
Categoriesjust leased Press Release

FULLY LEASED! Home Depot + Home Goods Anchored Shopping Center in Prime Torrance

CBM1’s Aaron Guido recently completed leases with an exciting restaurant tenant and an optometry clinic at Torrance Crossroads, a 48,000+ SF retail shopping center at the intersection of Crenshaw Boulevard + Lomita Boulevard in central Torrance bringing the center to 100% occupancy. Anchored by Home Depot and HomeGoods, the massive center’s additional A+ co-tenants include Sam’s Club, In-N-Out Burger, Office Depot, Chick-fil-A, and Wells Fargo.

The incoming restaurant is helmed by a long-running (dating back more than six decades), well-established restaurant ownership group launching a new, health-forward concept offering a fresh fare menu focused on vegetarian bowls and wraps. Also joining the center is an optometry clinic with multiple locations and years of successful practice in the local marketplace.

Situated on two of the South Bay’s most active and vital commercial arteries, this dominant retail corridor commands exceptional daily traffic, bolstered by a roster of top-tier neighboring national retailers and convenient access to the nearby 10 freeway. Further elevating the location are the area’s stunning demographics, with nearly 190,000 residents earning an average household income approaching $90,000 annually within a 3-mile radius.

For more information, contact Aaron Guido: Aaron@cbm1.com | 714.769.6117

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JUST LEASED! Sewing Lab in Street Retail Property at Anaheim Street & Mira Mar Avenue in Prime Long Beach
Categoriesjust leased Press Release

JUST LEASED! Sewing Lab in Street Retail Property at Anaheim Street & Mira Mar Avenue in Prime Long Beach

CBM1’s Geoff Grossman + Daniel Barriga recently completed a lease with Sewing Lab on 2,000 SF street retail space fronting onto busy Anaheim Street near Recreation Park in Southeast Long Beach.

Sewing Lab offers instructional sewing classes designed for children, hobbyists, and aspiring fashion designers seeking to develop or refine their tailoring skills. In addition, Sewing Lab is a certified JANOME dealer, selling sewing machines and related equipment. The Long Beach site is Sewing Lab’s second school, expanding from their original location in Los Alamitos.

Situated along an active retail corridor, surrounded by densely populated residential neighborhoods, and adjacent to several area schools, the property is ideally positioned to connect with the school’s target customers.

For more information, contact Geoff Grossman: Geoff@cbm1.com | 310.299.4224  Or Daniel Barriga: Daniel@cbm1.com | 949.608.4886

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

CLASS IS BACK IN SESSION!

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

JUST LEASED! Pilates Studio at Magnolia + Whitsett in Prime Valley Village
Categoriesjust leased Press Release

JUST LEASED! Pilates Studio in Magnolia Blvd + Whitsett Ave in Prime Valley Village

CBM1’s David Guardado recently completed a lease with a local, independent Pilates studio on ±1,610 SF space in shopping center with retail storefronts facing onto Magnolia Boulevard at Whitsett Avenue in San Fernando Valley’s Valley Village enclave.

The bustling, high visibility center features a mix of restaurant and service-oriented tenants generating strong consumer traffic from 285,000+ residents living within a 3-mile radius of the property

Superbly and centrally located adjacent to the highly sought after NoHo Arts District, the property offers convenient access to the nearby 101, 170 + 134 freeways.

For more information, contact David Guardado: DavidG@cbm1.com | 818.380.9972

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JUST LEASED! Dental Clinic in NOHO West Mixed-Use Development
Categoriesjust leased Press Release News

JUST LEASED! Dental Clinic in NOHO West Mixed-Use Development

CBM1’s Jason Ehrenpreis recently completed a lease with Uniq Dentistry, an independent local dental clinic, on a ±2,330 SF retail space in the recently completed NOHO West mixed-use development.

Situated at the intersection of Laurel Canyon Boulevard and Oxnard Street, on the site of the former Macy’s-anchored Laurel Plaza shopping mall, NOHO West is a 25-acre mixed-use development incorporating office, residential, and retail components.

Much of the 500,000 SF shuttered Macy’s department store was converted into offices, with the balance taken by Trader Joe’s grocery store, the site’s primary anchor tenant. The development also includes the Alexan NOHO West Apartments and its adjoining 2-story retail wing. The combined residential and retail segments span 570,000 SF and encompass 644 units.

Featuring a mix of retail, restaurants, and service-oriented businesses, notable tenants include Regal Cinemas, LA Fitness, Starbucks, The Stand, Jersey Mike’s, California Fish Grill, Supercuts, and Diaso discount store.

Superbly located amid one of the San Fernando Valley’s most densely populated and affluent communities, the property is immediately off the 170 Hollywood Freeway’s Laurel Canyon Boulevard exit.

For more information, contact Jason Ehrenpreis: Jason@cbm1.com | 310.231.5213

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Categoriesretail leasing just leased Press Release

JUST LEASED! H&R Block in South LA Strip Center End-Cap Space

CBM1’s Geoff Grossman just completed a lease with H&R Block on a ±1,000 SF end-cap space in a corner shopping center at the intersection of Cesar Chavez + Hicks in south Los Angeles. Situated southeast of downtown Los Angeles, the strip center’s notable co-tenants include Little Caesars Pizza, Metro PCS cell phones, GameStop, and Fred Loya Insurance.

Founded in 1955, H&R Block boasts 10,000+ retail locations spanning 15 counties, with 8,760 sites across the US, 750 in California, and 32 in greater Los Angeles. A top-rated franchise opportunity, with roughly 2,000 franchisee-owned offices, H&R Block employs 4,300 full-time workers, and takes on an additional 70,000 in part-time seasonal (tax time) staff. Publicly traded as HRB, H&R Block is an S&P 500 company.

Well-located, the site fronts onto Cesar Chaves Avenue, a high-traffic retail corridor traversing one of Los Angeles’ most densely populated residential regions. Centrally positioned, the property is surrounded by the 101, 10, 710 + 60 freeways, with heavily industrial areas to the south and west complementing the residential neighborhoods.

For more information, contact Geoff Grossman at 310.299.4224 | Geoff@cbm1.com

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FULLY LEASED! 7-Eleven & AutoZone Anchored Center in Westminster
Categoriesretail leasing just leased Press Release

FULLY LEASED! 7-Eleven & AutoZone Anchored Center in Westminster

CBM1’s Aaron Guido + Daniel Barriga recently completed a lease with Spectrum Charter Communications for a customer service office in a sizable retail strip center at the signalized intersection of Westminster Boulevard and Newland Street in prime Westminster.

The recent Spectrum lease is the last of half a dozen vacancies Aaron + Daniel have filled at the property, bringing the center to full occupancy. Prior leases include a medical clinic, medispa, bakery, and shipping store.

Three blocks east of Beach Boulevard and just south of the 22-Garden Grove Freeway, the well-located property is situated amid a highly active retail trade area. It shares the intersection with a sprawling Stater Bros-anchored shopping center, which, along with the 7-Eleven and AutoZone co-anchors, generates a steady stream of consumer traffic. The surrounding neighborhoods boast impressive demographics, with nearly 200,000 residents living within a 5-mile radius.

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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JUST SOLD! Retail Building at Wilshire + Lincoln in Prime Santa Monica
CategoriesInvestment Sales Press Release just sold

JUST SOLD! Retail Building at Wilshire + Lincoln in Prime Santa Monica

CBM1’s Aaron Guido + Rick Rivera recently completed the sale of a 7,500 SF single story retail building situated on a 15,000 SF lot at the intersection of Wilshire Boulevard and Lincoln Boulevard amid the busy epicenter of bustling downtown Santa Monica.

The property was purchased through a joint venture between Tova Capital, Inc and Shopton Capital. A portion of the site is currently leased to Commercial Bank of California, and while the new ownership is actively marketing the property to fill the remaining vacancy, redevelopment is likely the long-term goal.

“Wilshire + Lincoln in downtown Santa Monica is premier, irreplaceable real estate,” says CBM1’s Aaron Guido, adding: “such acquisitions are a genuinely rare opportunity.” Guido, however, acknowledges the unique challenges facing commercial properties in this locale: “There’s no shortage of demand for space in this area, but tenants are growing increasingly savvy.” Premium rents are “absolutely obtainable,” Guido says, but a “willingness to negotiate” is a “must,” as retail continues to evolve in the post-COVID landscape.

For more information, contact Aaron Guido: 714.769.6117 | Aaron@cbm1.com or Rick Rivera: 310.231.5201 | Rickr@cbm1.com

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about us

CBM1 is a Southern California-based commercial real estate leasing and investment sales brokerage specializing in landlord & tenant and property investor representation for retail, industrial, and other commercial real estate properties.

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(310) 575-1517
San Fernando Valley
(818) 380-9966
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(714) 769-6159
inquiries@cbm1.com

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