Private Companies 1

USA

June 20, 2018: CBM Completes Leasing Transaction with Boost Mobile in Sizable Ross Anchored Upland Community Center

NEWS BITES - PRIVATE COMPANIES

Centers Business Management (CBM) Valley Division Director, Dave O'Connell, recently completed a lease transaction representing the landlord and tenant, Boost Mobile, on 1,576 SQFT retail space. The unit is in a sprawling community shopping center at the intersection of Foothill and Mountain in prime Upland. In addition to Ross Dress for Less, the center's A+ regional co-tenants include El Super (Hispanic grocery store), Fashion Q (clothing outlet), Western Dental + Orthodontics, and El Polo Loco. Additionally, the center is immediately adjacent to a Walmart anchored shopping center that also hosts Fallas Paredes (Hispanic discount clothing retailer). And is across the street from a Lowe's hardware anchored center, also home to County Buffet, Subway and more.

INDEX

SECTION 1 CENTERS BUSINESS MANAGEMENT FINANCIALS

SECTION 2 CENTERS BUSINESS MANAGEMENT PROFILE

SECTION 3 PRESS RELEASES: 2018

SECTION 4 OTHER NEWS: 2018

SECTION 1 CENTERS BUSINESS MANAGEMENT FINANCIALS

Centers Business Management

Key Stats

Estimated Revenue (TTM): $2.91M

SECTION 2 CENTERS BUSINESS MANAGEMENT PROFILE

2.1 ACTIVITIES

Centers Business Management (CBM) provides leasing, management, and marketing services for retail real estate facilities. The company offers leasing and marketing services for retail shopping malls and centers. It also provides facilities management and maintenance services that include sweeping, landscape care, garbage removal, steam cleaning, graffiti removal, and roof maintenance. Additionally, the company offers real estate investment advisory services. CBM was founded in 1987 and is based in Los Angeles, California with an additional office in Encino, California.

2.2 SUMMARY

Website: http://www.cbm1.com

Industry: Real Estate

SECTION 3 PRESS RELEASES: 2018

May 01: Congratulations to CBM's 2017 CoStar Power Broker Award Winners

CBM is proud to announce Dave O'Connell, Jason Ehrenpreis, and David Levcovitch have earned 2017 CoStar Power Broker Awards.

Thanks to the superlative efforts of these outstanding agents, in addition to the hard work by the rest of our industry-leading retail leasing team, CBM as a whole completed 288 leasing transactions in 2017.

This exceptionally high transaction volume scored CBM yet another firm-wide CoStar Power Broker Award. This latest win marks our 9th consecutive Power Broker Award.

Source: Company Website

SECTION 4 OTHER NEWS: 2018

June 20: Centers Business Management: Tax Cuts + General Economic Health Fuel Continued Net-Lease Growth

Retail sales will continue to grow this year as discretionary income ascends." So Marcus & Millichap kicks off its First Half 2018 Net-Leased Retail Research Report.

Recently named national director of retail Scott Holmes points to a two-fold driver of this good news. First, "The tax law changes and the general health of the economy are creating more discretionary income for many purposes, including investments," he tells GlobeSt.com.

Holmes also points to a release of last-year's pent-up demand on the part of investors waiting to see where the then-proposed tax reform would lead. "There was a lot of fence-sitting last year," he says, "which has turned into increased volume."

Interestingly, much of that volume is coming from apartment investors, seeking higher returns and lower management responsibilities. "We're seeing some apartment investors selling that product type at historically low cap rates and moving that money into less management-intensive products, such as single tenant, net-lease retail," he observes, "and they're doing so generally at a higher cap rates than apartments." (Cap rate spreads remain at such historically high levels, the report notes, that they may temper any adverse impact from Federal Reserve rate increases.)

The result of these myriad tailwinds are evident.

June 19: Centers Business Management: CBM Completes Leasing Transaction with Flame Broiler in Long Beach Strip Center

Centers Business Management (CBM) property manager, Roselene White, recently completed a lease transaction representing the landlord and tenant, Flame Broiler, on a 1,716 SQFT retail space. The property is just off the intersection of Willow Street and Long Beach Boulevard in prime Long Beach. Boasting a bevy of A+ co-tenants, the property hosts Metro PCS (cell phones), Subway, and H&R Block. Additionally, a drive-thru Burger King is situated on property's hard corner, with Rite Aid, McDonalds, Carl's Jr on the three adjacent corners.

Source: Company Website

June 06: CBM Completes Leasing Transaction with First Legal Solutions in Van Nuys Street Retail Building

Centers Business Management (CBM) leasing agent, David Guardado, recently completed a lease transaction representing the landlord and tenant, a legal aid provider, on a 2,200 SQFT street retail space. The unit is one door down from the intersection of Van Nuys Boulevard and Victory Boulevard. An ideal location for a legal aid business, the site is close to the nearby Van Nuys Courthouse and Los Angeles Registrar-Recorder/County Clerk's office.

Source: Company Website

June 06: Centers Business Management: 5 Tends That Could Be the Key Retail's Long Term Survival

The face of retail has changed over the past decade with the introduction of e-commerce and changing consumer spending habits. Though it may appear this is having a negative effect on the retail real estate world, it's become an age of reinvigoration for these properties.

With Partner touching around 10% of CRE transactions in the US (during due diligence or development), we asked our staff from across the country 'What are you seeing? What are some of the interesting retail transformations happening?' In this informal poll, these 5 trends stood out:

1. Big Box Getting New Purpose in Life

Many of the big box and anchor mall stores are being left vacant due to poor performance, bankruptcy of retail chains, or in favor of a smaller space for those still operating. While these spaces are generally considered a difficult property to reuse due primarily to the sheer size, a new type of consumer is creating different needs and therefore bringing new life through re-purposing.

We're seeing the repurposing of 'big box' retail stores into self-storage facilities, especially those with highway visibility and those that can be fitted for the often requested climate controlled storage fact, we are seeing self-storage not just transforming big-box stores but also underused urban mid-rise buildings with the suburban to urban shift.

June 05: CBM Completes Leasing Transaction with a Local Coffee Shop in Long Beach Strip Center

Centers Business Management (CBM) leasing agents, Geoff Grossman and Aaron Guido, recently completed a lease transaction representing the landlord and tenant, a local coffee shop + cafe, on a 1,080 SQFT retail space. The unit is in a mid-block strip center situated on busy Clark Avenue, just east of Spring Street, across from a massive office park that stretches several blocks along Clark Avenue.

Source: Company Website

May 31: CBM Completes Leasing Transaction with Beauty Supply Store in Woodland Hills Strip Center

Centers Business Management (CBM) leasing agent, David Levcovitch, recently completed a lease transaction representing the landlord and tenant, a local beauty supply store, on a 1,200 SQFT retail space. The unit is in a midblock strip center on heavily trafficked Ventura Boulevard, two blocks west of Fallbrook, just east of the Woodlake Avenue exit off the 101 freeway. An attractive, well-maintained property, the center includes a diverse mix of restaurant and service-oriented businesses.

Source: Company Website

May 30: CBM Completes Leasing Transaction With Cuban Restaurant In Upscale Anaheim Retail Center

Centers Business Management (CBM) leasing agent, Jason Ross, recently completed a lease transaction representing the tenant, Papos Cuban Restaurant, on a 1,299 SQFT retail space. The unit is situated in the Starmont Shops at Stadium Towers, a newer retail development at the foot of the Stadium Towers office park, on busy Katella Avenue right at the entrance to the 57 freeway in prime Anaheim. Boasting exceptional curb appeal, the modern-styled center's A+ co-tenants include Comerica Bank, Rudio's Fresh Mexican Grill, Calvino wine bar, Subway, Hooters, and Wholesale Nutrition Center.

Source: Company Website

May 29: CBM Completes Leasing Transaction With A Boxing Gym In Long Beach Street Retail Property

Centers Business Management (CBM) leasing agent, Matt Saker, recently completed a lease transaction representing the landlord, in a deal with a boxing gym, on 7,500 SQFT street retail space. The storefront unit is on busy Anaheim Street, just east of Walnut Avenue in Long Beach. The site is adjacent to a Metro PCS location and across the street from a large, well-patronized Dollar City discount store.

Source: Company Website

May 24: CBM Completes Leasing Transaction With Planet Fitness In Sizable Stater Bros Anchored Upland Community Center

Centers Business Management (CBM) Valley Division Director, Dave O'Connell, and leasing agent, Zac Ryburn, recently completed a lease transaction representing the landlord and tenant, Planet Fitness, on a 4,000 SQFT retail space. The unit is in a large community shopping center at the intersection of Foothill and Mountain in prime Upland. In addition to the Stater Bros, the center's notable co-tenants include Big Lots and busy Chevon Gas station on pad space situated on the center's hard corner.

Source: Company Website

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