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.
By Jonnelle Marte, Smart Money, June 2012
Frustrated by rising gas prices, consumers are patronizing discount retailers in growing number, a factor financial analysts point to as key component of discount retailer Dollar General’s surging stock price.
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The following is a breakdown of…
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:
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By Curt Hazlett, SCT, May 2012
Well here’s some good news for those of us in the retail biz:
The following list is a sampling of top-tier retailers from a comprehensive list published in the May edition of Shopping Centers Today (SCT):
RETAILER HEADQUARTERS 2012 OPENINGS RETAIL SEGMENT
AutoZone Memphis, Tenn. 50 Automotive
CVS Woonsocket, R.I. 225 Drug Stores
Dollar General Goodlettsville, Tenn. 625 Discounters & Dollar Stores
Dollar Tree Chesapeake, Va. 320 Discounters & Dollar Stores
Edible Arrangements Wallingford, Conn. 150 Specialty & Craft Stores
Family Dollar Matthews, N.C. 500 Discounters & Dollar Stores
Fantastic Sams Beverly, Mass. 60 Beauty Salons & Supplies
Fresh & Easy (Tesco) El Segundo, Calif. 18 Grocery
Great Clips Minneapolis 170 Beauty Salons & Supplies
O’Reilly Auto Parts Springfield, Mo. 170 Automotive
Panda Express Rosemead, Calif. 200 Restaurants
Petco San Diego 50 Pet Supply Stores
Petsmart Phoenix 50 Pet Supply Stores
Save-A-Lot St. Louis, Mo. 80 Grocery
Savers/Village Value Bellevue, Wash. 25 Discounters & Dollar Stores
Skechers Manhattan Beach, Calif. 30 Footwear
Smart & Final Extra! Commerce, Calif. 10 Grocery
Sport Clips Georgetown, Texas 120 Beauty Salons & Supplies
Starbucks Seattle 400 Restaurants
Subway Milford, Conn. 1100 Restaurants
Vitamin Shoppe, The North Bergen, N.J. 48 Specialty & Craft Stores
WinCo Boise, Idaho 5 Grocery
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By Catherine Saillant, Los Angeles Times, April 30, 2012
Panorama City’s New Wal-Mart is a viewed by as vast improvement over the now vacant shopping center store fronts the mega-retailers new super-store will replace.
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By Fox Business, courtesy of Dow Jones Newswires, April 27. 2012
Yum Brands Inc (owners of KFC, Pizza Hut and Taco Bell) announce plans to sell the physical real estate for hundreds of corporate owned properties to franchisees.
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By Nation’s Restaurant News, April 27, 2012
Starbucks is aiming to open 1,000 store in the next year, 200 more locations than original goal of 800 new stores, and they are considering all suite real estate “fair game” for potential new locations.
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By Western Business Real Estate, May 2, 2012
LOS ANGELES — Construction has commenced on NMS @ La Cienega, a $50 million, 125-unit multifamily complex at La Cienega Boulevard and Westmount Drive in Los Angeles’ Beverly Hills-West Hollywood region. The 200,000-square-foot community will also feature 7,500 square feet of ground-floor retail space. It is being developed by NMS Properties and designed by Killefer Flammang Architects.
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By Deborah Crowe, Los Angeles Business Journal, Thursday, April 26, 2012
Casual show maker Skechers stock price jumped up 14% on Thursday after reporting a stronger than expected 1st quarter, with lower than predicted losses.
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By Jayne O’Donnell, USA Today Money, April 19, 2012
Tesco, Britain’s largest grocery store chain, the world’s third largest retailer, issued their first profit warning in 20 years amid continuing financial losses with their struggling US based Fresh & Easy grocery chain.
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From California Centers, April 2012
The of of the shopping center industry’s leading trade publication, California Centers, has a lot to say about CBM in their April edition – check it out…
EAST LOS ANGELES
Su Casa De Cabrio Chavez, Inc. – a 1,500 sq. ft. lease for a check cashing store opened at 5166 Whittier Boulevard. An agent of Centers Business Management in Los Angeles represented the lessor, Whit-west, LLC, in the transaction.
LONG BEACH
Chase Bank – a single tenant occupied 5,000 sq. ft. building, located at 940-46 Long Beach Boulevard, has been purchased for an undisclosed sum by private investor N&H Hanassah. Rick Rivera, with Centers Business Management in Los Angeles, represented the seller, Heritage, LLC, in the transaction. Chase Bank has a 15 year triple net lease for the building.
LYNWOOD
Starbucks – a 1,750 sq. ft. lease for a coffee shop opened at 3931 Martin Luther King Boulevard. Geoff Grossman of Centers Business Management in Los Angeles, represented the lessor, 805 Property, LLC, in the transaction.
NORTH HOLLYWOOD
Sherwin Williams – a 4,884 sq. ft. lease for a paint store opened at 11335 Magnolia Boulevard. Dav O’Connell and David Guardado of Centers Business Management in Encino represented the lessor, Papanicolaou, in the transaction.
TORRANCE
A 7,300 sq. ft. parcel – located at 22501 Crenshaw Boulevard, has been purchased for $4,175,000. Rick Rivera of Centers Business management in Los Angeles represented the lessor, Sepulveda and Crenshaw, LLC, in the transaction.
MISSION VIEJO
Super Cuts – a 1,440 sq. ft. lease for a salon opened at 25523 Marguerite Parkway. Roselene White of Centers Business Management in Los Angeles represented the lessor, Nopada Properties, in the transaction.
Centers Business Management (CBM) accounted the addition of Barry Bussiere to the expert leasing and management team in its recently launched Orange County office. Barry brings with him more than 30 years on the frontline of one of the country’s most vibrant and dynamic real estate markets. He has represented landlords as well as independent, regional and national tenants in a variety of commercial and property transactions. His professional background also includes property management, lease administration and finance experience, affording him a thorough understanding of the retail shopping center leasing industry.
Centers Business Management (CBM) announced the addition of a veteran retail shopping center leasing agent, Dan Goldberg. CBM’s newest team member boasts more than 25 years of retail shopping center leasing experience, having represented landlords and tenant across a range of properties, from neighborhood strip centers to open air lifestyle centers to enclosed regional malls and everything in between. Dan is based in CBM’s newly launched Orange County office situated in the city of Orange.
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