Westside Retail

Westside Retail is pleased to announce the 2,740 square foot lease transaction for the corner retail location at 11 West Del Mar Boulevard in Pasadena to Lifestyles Outdoors. Lifestyles Outdoors will be relocating on January 1st from their existing Pasadena location. Lifestyle Outdoor has been in business since 1984 and currently operates 6 Southern California locations including Culver City, Sherman Oaks, Pasadena, Thousand Oaks, Ventura, and Stevenson Ranch. Their Sherman ...Oaks headquarters has been in its existing location since 1994. Please visit their website at https://www.lifestyleoutdoor.comto learn more about the company. Mark Einbund and Marc Pollock from Westside Retail represented the Tenant in this transaction and Carver Commercial represented the Landlord. ABOUT WESTSIDE RETAIL Founded in 2006 by 30+ year retail veteran Marc Pollock, Westside Retail specializes in the leasing and sale of retail properties, with a focus on name-brand retailers. The team of Mark Einbund and Marc Pollock have a decades-long and successful track record assisting national, regional, and local chain tenants to expand, and helping owners of retail properties create value with quality retailers.

SOLD!!! Westside Retail is proud to announce the sale of 19501 Ventura Boulevard in Tarzana, a 4,630 square foot multi-tenant retail building on a 6,245 square foot lot. The property is located on the North West corner of Ventura & Shirley and is home to Royal Oak Hardwood Flooring and Shirin Bakery.

JUST LISTED FOR SALE!!!! Hard to find small warehouse in Inglewood, CA. This location is one mile from the San Diego (405) Freeway, and in close proximity to LAX and Culver City. With approximately 3,974 square feet of commercial building, perfect for distribution, ghost kitchen, warehousing, etc. Check out our website for more details. https://www.westsideretail.com/735easthydeparkboulevard

NOW FOR LEASE!!! Retail end-cap located on the world famous sunset strip . The original location of Sunset Tan, this 1,800 square foot space is a high traffic, highly visible space directly above the new Starbucks Coffee (under construction). Surrounded by world renowned retailers, hotels, and restaurants. Check out our website for more information.

SOLD!!! Taco Bell single-tenant net leased property in Denver CO. 20-year lease, no landlord responsibilities, and COVID-resistant rent stream. Perfect for semi-retiring investors looking for hands-off income.

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JUST LEASED!!! We are happy to announce that we have signed the lease at 8539 Sunset Boulevard in West Hollywood. This former Burger Lounge will soon be the new home for Starbucks Coffee. This location is set to open in 3 months.

JUST LISTED FOR LEASE!!! High-tech creative office space on Beverly Boulevard is now available. Approximately 5,150 sq. ft. of ground floor with 6 exclusive parking spaces. This building is surrounded by many industry services, restaurants and retail. Please visit our website for more information!

OPEN THE FLOODGATES!!!

Who would have thought that a key highlight when selling a property would be that the tenant is actually paying the rent?

In an effort to understand what the various sectors of our industry are thinking about this current situation, yesterday we polled several of the millennial workforce. Below were the actual responses we received from them: "Covid-19 has effected so many areas of our everyday life - including our health, recreational time, and employment. For me, the biggest impact has been financially, having suffered a pay cut due to my company unable to make money during this time. It’s def...initely unsettling not knowing how long this will last and what will happen next. My hope is that we can all come together to do our part so that we can get back to business as usual." "As someone who is in the midst of starting a new business, this is a terrifying time. Not knowing how long this is going to last, while only weeks away from a lot of big decisions is very scary. The economic consequences will effect us all for the next 6-12 months at least, and will definitely impact my projected sales for the first year of business. I am hopeful at the end of this people will continue to support small businesses and they will come back with a vengeance." "Providing business to business remote customer support in the dental industry is admittedly a comfortable job. I am lucky to work for a company that has not laid off any workers, the top brass have pledged to cut their salaries before any of ours and we continue to receive two full paychecks a month. But my coworkers and I all see the writing on the wall. Other companies going under means people lose their jobs, means they can’t afford to go to the doctor, mean our products and services are less often purchased and utilized. Our cash reserves will eventually run dry and it is terrifying. We are in a Greater Depression, the free market cannot weather this storm alone, but we are the most advanced society throughout all of history because of government protection and certain inalienable rights. That and the health of my loved ones is where my hope and attention is." "This is a scary time for everyone, no matter what your job is. I never saw being in the events industry to be risky, but with no prediction of when events will resume, it’s left me nervous although I am part of a company that is remaining profitable. My company has currently made no cuts and there have not been talk of any, but I am still wary of what will come in the future."

This week we surveyed our clients to compare their positions regarding anticipated requests from tenants for rent abatement as many have been forced to close, while some are allowed to remain open, but with limited services. Below are the actual responses we received: It is too early to decide what we might do regarding a rental abatement. We need to see how long the lockdown will last and what (if any) government support is offered. Right now it would be helpful if the c...Continue reading

After 35+ years as commercial real estate brokers, we thought we had seen it all! Then here comes COVID-19. All brokerage offices closed, Tenants requesting rent and CAM abatements, Landlords praying for mortgage and property tax relief, Employees experiencing pay cuts and layoffs, as we are all glued to the news to see how a government relief package will help us. We won't be using our 3 social media platforms to give you medical and hygiene advice, but we will be using them to keep you updated on how all of the affected people in our industry are navigating these turbulent waters. Stay tuned for some interesting views as we survey the sectors affected.

Makin’ deals and planting seeds!

FREESTANDING CORNER RETAIL FOR SALE!!! The Culver City Two-Tenant NNN Investment is available . Approximately 4,141 square foot on approximately 5,144 square feet of land with convenient parking. This retail property is located at the Northwest corner of Sepulveda Boulevard and Barman Avenue. Surrounded by many established retailers and restaurants. Check out our website for more details.

BRICK & MORTAR ALIVE AND WELL! Consumer preferences for retail purchasing in 2019 reflects their continued desire to browse, touch, and feel the merchandise before they buy.

JUST LEASED!!! We are happy to announce that 732 West Arrow Highway in San Dimas will soon be the new location for Kindred Flooring, relocating from their existing location at 667 West Arrow Hwy Unit E. Kindred Flooring offers interior flooring sales and installation. This new location is expected to open January 2020.