JUST LEASED! Taste of Caribbean Restaurant at Los Coyotes Diagonal + Palo Verde Avenue in Long Beach
Categoriesretail leasing just leased Press Release

JUST LEASED! Taste of Caribbean Restaurant at Los Coyotes Diagonal + Palo Verde Avenue in Long Beach

CBM1’s Geoff Grossman recently completed a lease with Taste of the Caribbean restaurant on an +/-1,890 SF space formerly occupied by Little Coyote Pizza in a freestanding retail pad building at Los Coyotes Diagonal and Palo Verde Avenue.

Taste of the Caribbean restaurant was launched by Chef Bernard James, a native of Guyana and experienced restaurant operator who previously founded a popular Caribbean-theme eatery in Corlette, New York, before migrating to the West Coast. The Long Beach site marks Taste of the Caribbean restaurant’s second location, expanding from its first restaurant at Santa Monica Boulevard near Gower Street in the heart of Hollywood.

Positioned at the tip of a unique, triangular-shaped shopping center, situated between Los Coyotes Diagonal, Palos Verde Avenue, and Wardlow Road, the site is directly across from an enormous Ralph’s supermarket. Boasting outstanding area demographics, +/-200,000+ residents earning an average annual household income of more than $100,000 live within a 5-mile radius of the property.

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

###

JUST LEASED! Xēba Botánica Skincare Maker on Sunset Boulevard in Echo Park
Categoriesretail leasing just leased Press Release

JUST LEASED! Xēba Botánica Skincare Maker on Sunset Boulevard in Echo Park

CBM1’s Dave O’Connell recently completed a lease with XēBA BOTáNICA, a boutique skincare product maker on +/-1,340 SF street retail space on Sunset Boulevard west of Echo Park Avenue in the heart of LA’s trendy Echo Park neighborhood.

XēBA BOTáNICA, founded by Rachel Bibbee and Daniel Olvera, produces a line of organic, plant-based skincare products sold online and in exclusive branded retail shops. What began as a fun experience in home-making personal care products for the pair’s own use evolved into a startup that combined Daniel’s business and agriculture background with Rachel’s education in biology and chemistry. After years of refining and perfecting their product line – all hand-crafted in-house using organic plant-based materials and plastic-free packaging – the founding partners launched XēBA BOTáNICA in 2020. The Echo Park store is their second retail outlet, expanding from their original Pioneertown location in the high desert near Joshua Tree.

The property is situated in northeast Los Angeles, a steadily gentrifying locale marked by a surging influx of hip cafes, exclusive boutiques, and popular night spots.

For more information, contact Dave O’Connell: Dave@cbm1.com | 818.380.9967

###

Just Leased! Wellness Center at 2nd Street + G Street in Prime San Bernardino
Categoriesretail leasing just leased Press Release

JUST LEASED! Wellness Spa at Marshall Plaza in Prime San Bernardino

CBM1’s Aaron Guido + Daniel Barriga recently completed a lease with a wellness spa on an approximately 1,040 SF retail space. The unit is situated in Marshall Plaza, a multi-building community shopping center at the major signalized intersection of 2nd Street and G Street in San Bernardino.

A newly launched, independent local business, the wellness spa offers various health and wellness services and beauty treatments. Targeting the surrounding community, boasting 40,000+ residents within a 5-mile radius, the spa aims to capitalize on the $5 trillion wellness preservation and self-care industries.

Situated immediately off the 215 freeway amid the area’s primary retail district, Marshalls, Dollar Tree, and dd’s discount anchors the sprawling Marshall Plaza. The property’s additional A+ co-tenants include Skechers Shoe Outlet, Subway, and Taco Bell, among many more!

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

###

Hoover + 29th Street | South Los Angeles | Just Leased | Roadside Taco
Categoriesretail leasing just leased Press Release

JUST LEASED! Roadside Taco Restaurant + Bar on Hoover Street Near USC Campus

CBM1’s Geoff Grossman + Andrea Cronin recently completed a lease with Roadside Taco restaurant and bar on a +/-1,850 SF space in the Campus Plaza shopping center close to USC’s main campus.

Roadside Taco is a popular, well-reviewed Mexican restaurant and bar known for a menu packed with an array of delicious tacos, ranging from traditional favorites to unique creations, including their famed cochinta pibil and chicken birria tacos. The eatery is also renowned for its cocktail selection, boasting over 20 custom margarita mixes and several specialty adult beverages. With the soon-to-open site on Hoover Street, Roadside Taco will celebrate the launch of its second restaurant, expanding from its original location on Ventura Boulevard in Studio City.

The site’s impeccable location, situated at the northwest corner of Hoover Street and 29th Street, is just three blocks from USC’s central campus. USC boasts 49,000 students, 7,400 faculty members, and an additional 18,000 administrative and support staff members, collectively representing a gigantic consumer base typically known to heavily patronized area restaurants and bars.

For more information, contact Geoff Grossman: 310.299.4224 | Geoff@cbm1.com Or Andrea Cronin: 818.390.9968 | Andrea@cbm.1com

###

CategoriesNews Investment Sales retail leasing Press Release

We’re Doing Deals – And We’re KILLING IT!

We're Doing Deals Email Header

Despite all the chatter insisting an “economic downturn” is all but inevitable, we’re doing deals at CBM1– And we’re KILLING IT! Our industry-leading retail broker team is signing tons of leases and closing sales, too. In other words, one firm’s downturn is our… OPPORTUNITY!

If you’re a landlord with vacancy or a tenant seeking space, our team is here to help you.

GET IN TOUCH TODAY!

Geoff Grossman
DRE#02198688
Co-Managing Principal
CBM1, Inc
310.299.4224
Geoff@cbm1.com

Dave O’Connell
DRE#1398651
Co-Managing Principal
CBM1, Inc
818.380.9967
Dave@cbm1.com

Check out some of our most notable recent transactions here!

JUST LEASED! Figueroa + Adams | Eggtuck Restaurant | Near USC Campus
Categoriesretail leasing just leased Press Release

JUST LEASED! Eggtuck Restaurant in 7-Eleven Anchored Shopping Center Near USC Campus

CBM1’s Geoff Grossman + Andrea Cronin recently completed a lease with Eggtuck quick-serve restaurant on a +/-1,350 SF space in the Campus Plaza shopping center close to USC’s main campus.

Specializing in delectable breakfast sandwiches and breakfast burritos, Eggtuck’s unique menu ranges from traditional egg, ham, and bacon sandwiches to more exotic fare, including pork + beef short ribs (mild or spicy) served on brioche buns with their signature egg sauce, and house-made sriracha aioli. Currently operating three SoCal locations, with two more (including the Figueroa + Adams site) coming soon, Eggtuck is also expanding through franchising, with two additional locations in Chicago and a third on the way. The increasingly popular eatery has nabbed the media spotlight, with recent profiles by Dine LA, Thrillist, Time Los Angeles, LA Weekly, Eater, Los Angeles Magazine, and ABC News.

Situated at the northeast corner of South Figueroa and West Adams Boulevard, Campus Plaza is less than a block from the Adams Boulevard exit off the 110 freeway, barely three-quarters of a mile from USC’s central campus, and just over a mile from the 10 + 110 freeway interchange, the LA Convention Center, and Crypto.com Arena.

USC’s 49,000 students, 7,400 faculty members, and an additional 18,000 administrative and support staff provide Campus Plaza with an enormous consumer base. The surrounding community’s population, which soars above 477,000 residents within a 5-mile radius, offers further evidence of the area’s exceptional demographics.

For more information, contact Geoff Grossman: 310.299.4224 | Geoff@cbm1.com Or Andrea Cronin: 818.390.9968 | Andrea@cbm.1com

###

29105-29227 S. Western Ave. Rancho Palos Verdes, CA 90275
CategoriesInvestment Sales Press Release just sold

JUST SOLD! Soon To Be Remodeled Shopping Center on Western Avenue in Rancho Palos Verdes

CBM1’s Jason Ehrenpreis represented the buyer and seller in the recent sale of Western Plaza, a +/-31,170 SF shopping center undergoing a full remodel (expected to be completed this fall) on Western Avenue at Capital/Park Western in Rancho Palos Verdes.

The sale marks the property’s first-ever transfer and resulted primarily from Mr. Ehrenpreis’ exceptional efforts both as a leasing and sales agent. “I’ve handled the leasing [at Western Plaza] for years and recognized a potentially huge upside, given the location’s ‘bullseye intersection’ for this trade area, if the property were remodeled,” Ehrenpreis shares. He then suggested to ownership that rehabbing and repositioning the center would make the property far more desirable to premier credit tenants.

“The owner agreed with the wisdom of my proposal,” Ehrenpreis says, adding: “And with their pledge to remodel the center, I leveraged long-standing relationships to secure leases with several notable tenants, including Habit Burger, Mattress Firm, California Fish Grill, Urbane Café, and O’Reilly.”

With the caliber of incoming tenants and the growing scope of the endeavor, the owner realized a more seasoned retail developer would be a better option to complete the project. “The groundwork I laid in signing leases with credit tenants empowered me to source a buyer the capacity to complete a redevelopment project of this scale and the vision to see the long-term financial rewards,” Ehrenpreis relates, a sentiment underscored by the transaction netting a lucrative $8,400,000 sale price.

The site stretches an entire city block along Western Avenue, from Capital to Park Western, in affluent Racho Palos Verdes. Superbly located, the center is surrounded by numerous A+ retail tenants. Several grocery-anchored shopping centers, including sites anchored by Ralphs, Trader Joe’s, and Sprouts, respectively, border the subject property.

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

###

JUST LEASED! Total By Verizon in Super King Markets Anchored Van Nuys Shopping Center
Categoriesretail leasing just leased Press Release

JUST LEASED! Total By Verizon in Super King Markets Anchored Van Nuys Shopping Center

CBM1’s Brett Mero + Dave O’Connell recently completed a lease with Total by Verizon cell phone store on a +/-1,118 SF space in a busy grocery-anchored retail shopping center in prime Van Nuys. Total by Verizon is a prepaid phone carrier, formerly known as TracFone, purchased by Verizon in 2022. The world’s second largest prepaid cellular service provider, Verizon operates over 700 locations nationwide, with 80+ locations in California.

The bustling community shopping center is situated at the heavily trafficked intersection of Van Nuys Boulevard and Sherman Way, with average traffic counts rising above 43,000 cars per day. In addition to the Super King Market grocery anchor, the multi-pad center hosts Jamba Juice, the Habit Burger, and Pollo Campero, with A+ neighboring tenants including Big 5 Sporting Goods, Jersey Mikes Subs, and Dunkin Donuts.

Well-located in central Van Nuys, midway between the 405 + 170 freeways, the property is surrounded by densely populated residential neighborhoods, brimming with single-family residences and massive multi-family apartment complexes. Population counts soar over 265,000 within a 5-mile radius of the property.

For more information, contact Brett Mero: Brett@cbm1.com | 818.380.9970 or Dave O’Connell: Dave@cbm1.com | 818.380.9967

###

JUST LEASED! Kuramoto Sushi Restaurant in Gateway Village in Tustin
Categoriesretail leasing just leased Press Release

JUST LEASED! Kuramoto Sushi Restaurant in Gateway Village in Tustin

CBM1’s Aaron Guido + Daniel Barriga recently completed a lease with master sushi chef Taiki Kuramoto for his debut solo restaurant venture, aptly named Kuramoto. The new, highly anticipated sushi restaurant will occupy a +/-1,450 retail space at Gateway Village shopping center, at the intersection of Edinger Avenue and Red Hill Avenue in prime Tustin.

Chef Taiki is a former partner in Hamamori Restaurant + Sushi Bar and a one-time executive chef at Michelin-starred Momoyama, a celebrated sushi restaurant in Orange County’s Fountain Valley community. Kuramoto is the culmination of Taiki’s 17+ year career honing his sushi-making skill to deliver what the OC Register calls: “A traditional Japanese omakase experience with modern skills and laughs by Chef Taiki.” Omakase is a Japanese phrase roughly translating to “I’ll leave it up to you.” An approach that rewards dinners with a customized menu comprised entirely of original creations expertly crafted by master Chef Taiki.

Superbly located in southwest Tustin, just north of Irvine proper, Gateway Village is surrounded by a plethora of bustling office parks and densely populated residential neighborhoods. This includes Tustin Meadows, a massive 935 single-family home residential development situated a few short blocks east of the center.

###

JUST ANNOUNCED! CBM1 Welcomes Andrea Cronin to Our Retail Leasing & Investments Team
CategoriesPress Release

JUST ANNOUNCED! CBM1 Welcomes Andrea Cronin to Our Retail Leasing & Investment Sales Team

CBM1 is excited to announce Andrea Cronin has joined our Industry-leading commercial real estate brokerage team. Andrea boasts a solid foundation in commercial real estate as a former commercial specialist with Acme Real Estate, a boutique realty firm where she flourished in tenant representation. Her experience is further bolstered by an extensive media and digital content creation background, including television hosting for ABC, MTV, HLN, and CBS, along with notable features in Forbes, Fast Company, and MSNBC, among other prominent publications.

Specializing in commercial leasing, tenant representation, and investment sales throughout Southern California, Ms. Cronin is based in CBM1’s Calabasas office, working under co-managing principals Geoff Grossman & Dave O’Connell.

Recognized for her strategic thinking, efficiency-driven work ethic, and relationship-building savvy – Andrea is poised to make a valuable contribution to CBM1’s thriving commercial brokerage team.

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.

contact us

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

sign up for eflyers

Get our new listing updates

© 2023 -CBM1. All rights reserved.  CALDRE #02130240