Posts tagged Retail
LOS ANGELES, CA – NAI Capital’s Senior Vice President, Irwin Hyman and Vice President, Jesse Paster, represented the Tenant, Tossed, in a 10 year lease of a 2, 218 sq. ft. retail property located at 700 Wilshire Blvd. The Landlord, 700 Wilshire Properties, represented themselves.
The Tenant, Tossed, announced the opening of their debut West Coast flagship restaurant this week in downtown Los Angeles and its interest to open additional locations in Los Angeles county. More >
|LA PUENTE, CA – Fariba Kavian, senior vice president with NAI Capital’s West Los Angeles office represented both the seller and the buyer on the sale of a lender owned retail center featuring approx. 39,675 square feet of building on approx. 2.46 acres of land located La Puente, California. Tenanted by Jiffy Lube on a pad and Shoeteria (NAP) on Hacienda Blvd the center was approximately 29.68% occupied offering the buyer the opportunity to substantially add value. The price of the transaction was not disclosed but the sale was a quick close with no contingencies.|
By Michael Schiff, Executive Vice President, NAI Capital
The decision regarding how long of a lease to sign is very different for an office tenant than it is for a retailer. An office tenant needs to consider, among other things, how long it will take before they outgrow their space, and if they predict rents will be higher or lower at the end of their lease term. As an office tenant’s business grows, typically the number of employees they have also grows and they therefore need larger space. It’s a bit different for a retailer because as a retailer’s business grows, the retailer usually expands by opening up more units, not expanding the square footage of each unit. In addition, retailers don’t like to relocate profitable stores at the end of the lease since, as the saying goes, “If it ain’t broke, don’t fix it”. More >
|COACHELLA, CA – Fariba Kavian, Senior Vice President with NAI Capital, a leading Southern California commercial real estate brokerage headquartered in Encino represented Hudson Holdings, LLC in the investment purchase of Coachella Plaza, an 86,402 square foot retail center located at 50249 Harrison Street. More >|
ONTARIO, CA (March 23, 2011) – NAI Capital, a full service commercial real estate brokerage headquartered in Encino, California, announced that Vicki R. Donkin has joined the company as Senior Vice President within the firm’s Ontario office, effective immediately.
Ms. Donkin brings over 18 years of commercial real estate experience to NAI Capital where she will continue to specialize in investment and land sales/leasing, and marketing and cost benefit analysis for retail and non-retail properties. More >
by John Cserkuti, Senior Vice President
Once known to us all as the infamous “roach coaches” seen at construction sites or in front of office buildings at lunch hour, you’ve probably heard the buzz about the new crop of gourmet food trucks taking the country by storm. You’ve surely seen or maybe even sampled from some of these traveling restaurants on wheels that are seemingly looking to take a piece of the food pie away from traditional brick and mortar restaurants all across town. More >