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The below are tips and tidbits about local Los Angeles area retail real estate as well as related local and national news and trends. For your information, from one of our shopping center real estate development partners and experts, Sam "Bachie" Bachner.

Press Release

April Completed Lease Transactions

by Sam BACHIE Bachner on May 16, 2012

The following is a breakdown of…

CBM’s top April Completed Transactions:

440 W. Arrow Hwy

Covina, CA

1,184 SQFT

Use: Harbor Freight

Tenant: Harbor Freight Tools USA

Landlord: SAFCO

Agents: Dave O’Connell & Michael Pakravan

 

10942 W. Pico Blvd.

Los Angeles, CA

1,800 SQFT

Use: Art Zone –afterschool children’s activities program

Tenant: Art Zone

Landlord: Veteran Pico Holdings

Agent: Michael Pakravan

 

16129 Hawthorne Blvd.

Lawndale, CA

1,119 SQFT

Use: Insurance office

Tenant: Summit General Insurance Inc

Landlord: Miracle Properties

Agent: Geoff Grossman

 

11036 Ventura Blvd.

Studio City, CA

850 SQFT

Use: Nail Salon

Tenant: Salinas

Landlord: Manchester Properties LLC

Agent: Alex Shabani

 

14622 Ventura Blvd.

Sherman Oaks, CA

3,200 SQFT

Use: Restaurant

Tenant: Coppola

Landlord: La Reina Place

Agent: Alex Shabani

 

8707 Lindley Avenue Unit B

Northridge, CA

760 SQFT

Use: Restaurant

Tenant: De Los Santos

Landlord: Elie’s Village LLC

Agents: Michael Pakravan & Dave O’Connell

 

1950 W. Florida

Hemet, CA

8,000 SQFT

Use: Gym

Tenant: Fitness 19

Landlord: 1950 W. Florida LLC

Agent: Dan Goldberg

 

CBM Orange County leasing agent Dan Goldberg booked four deals representing a successful tenant, European Waxing Center, who is currently expanding in the Orange County area. Below is breakdown of these four deals:

 

High profile shopping centers, situated in prime Orange County locations, including:

 

  • Brea Plaza, Brea – 1,258 SQFT –  Landlord: BPI Brea LLC – rep both sides
  • The Boardwalk, Costa Mesa – 1,320 SQFT – Landlord: DMP Properties –Colliers rep landlord
  • The Crossroads (owned), Irvine – 1,600 SQFT – Landlord: The Irvine Company –  rep both sides
  • Old Ranch Town Center, Seal Beach – 1,000 SQFT – Ranch Town Center Properties – Colliers rep landlord

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January 27, 2012, Los Angeles CA, leading Southern California property management and leasing firm has been Centers Business Management (CBM) awarded high profile 7-Eleven property management and leasing account.

Top ranked Southern California shopping center property management and retail leasing firm Center Business Management (CBM) was recently awarded a highly prized contract to provide property management and leasing services for all Southern California 7-Eleven owned shopping centers.

7-Eleven’s Southern California shopping center portfolio encompasses over 70 shopping centers in premier locations ranging from as far north as Santa Barbara, to sites in Ventura County, the San Fernando Valley, throughout the greater Los Angeles metro area and all of Los Angeles County, San Bernardino, Riverside, Orange and San Diego County.

This high profile contract includes providing both property management services for  all 7-Eleven owned centers, a service for which CBM has built an impeccable reputation (CBM is the only commercial real estate firm in Southern California exclusively dedicated to the management of retail shopping centers), as well as leasing services, establishing CBM as the exclusive agent for 7-Eleven anchored centers situated in A+ locations across the Southland.

This latest triumph is one more glowing success in CBM’s ascent to the shopping center property management and leasing industry’s upper echelon. CBM currently provides property management services for over 300 shopping centers, encompassing more than 6,000,000 SQFT of retail space, in addition to leasing more than 600 retail properties, encompassing more than 2,000,000 SQFT. For nearly a decade, CBM has been consistently ranked as one of the top property management firms based on gross square footage managed, as well as a top deal maker, completing more retail shopping center lease transaction than any other broker in Southern California the past two three years in a row.

“Being awarded this contract by 7-Eleven, one of the biggest retailers in the shopping center industry, is a real testament to CBM’s reputation. An organization like 7-Eleven is only interested in one thing: results. They want a company who will diligently manage their properties, treating them as if they were their own,” relates CBM President Rick Rivera. “We’ve got a tremendous number of management accounts and lease listing, an exemplary industry track record, and a solid organization from top to bottom – all factors that made the 7-Eleven’s decision very easy!,” Rivera says of CBM’s latest triumph.

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Sepulveda and Crenshaw Shopping Center Sales Transaction

by Sam BACHIE Bachner on November 17, 2011

Saehan Bank anchored strip center at the intersection of Sepulveda and Crenshaw in prime Torrance recently sold for $4,175,000.

Approximately 7,300 SQFT, newer construction center located at 22501 Crenshaw Boulevard in Torrance, featuring A+ national and regional tenants including Super Cuts, T-Mobile and Saehan Bank. Rick Rivera of Centers Business Management (CBM) represented both Buyer (Dimeh LLC) and Seller (Sepulveda & Crenshaw LLC).

 

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CENTERS BUSINESS MANAGEMENT – Your Southern California Shopping Center Leasing and Management Partner
1517 S. Sepulveda Boulevard, Los Angeles, CA 90025; inquiries phone 310-575-1517 ext. 201
17030 Ventura Blvd., Suite 200, Encino, CA 91316; inquiries phone 818-380-9966 ext. 32
1590 Batavia Street, No. 4, Orange, CA 92867; inquiries phone 714-769-6159 ext. 101