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

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

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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

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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.

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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.

JUST ANNOUNCED! CBM1’s Daniel Barriga Promoted to Vice President
CategoriesPress Release

JUST ANNOUNCED! CBM1’s Daniel Barriga Promoted to Vice President

CBM1 is pleased and excited to announce that Daniel Barriga, a hugely valued commercial leasing and sales brokerage team member, has just been promoted to Vice President.

During his tenure with CBM1, Daniel’s skills have grown exponentially, yielding phenomenal results. A trusted landlord counselor and consummate dealmaker, Daniel has completed hundreds of leasing and sales transactions valued at over $25,000,000. Daniel has also secured leases with an impressive roster of A+ national and regional retail tenants, including Cano Health, Door Dash, Ace Hardware, Safelite, CAM Services, and more.

A master of emerging technologies, Daniel employs virtual tours, drone footage, QR codes, and advanced web analytics combined with fundamental relationship-building strategies to gain a competitive edge. An approach that has proven instrumental in differentiating Daniel among a crowded field of commercial real estate professionals.

His considerable expertise and outstanding track record have positioned Daniel as an indispensable asset integral to CBM1’s brokerage operations. And we congratulate Mr. Barriga on his hard-earned and well-deserved promotion to Vice President!

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

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