Latest News Items 2

In December, Chipotle extended its footprint in Bakersfield with the opening of two additional locations. Situated at the intersections of White Lane and Buena Vista Road, and Panama Lane and Old River Road, both sites include the concept’s “Chipotlane”, a feature offering customers a convenient drive-thru pickup option for online orders. Bringing the total number of Chipotle restaurants in Bakersfield to eight, these two latest units are also the first in the area to include a “Chipotlane”. For additional information, the full article from KGET.com can be accessed here. Bob Haas and Matt Haas of Cypress Retail Group represented the tenant in both transactions and continue to support Chipotle’s expansion efforts across Bakersfield, as well as other regions throughout Central and Southern California.

Aperitivo, a Central Coast wine bar in downtown Santa Barbara, has secured the 17th spot on Yelp’s 2024 list of Top 100 Places to Eat in the U.S. Owned by sommelier Andrea Girardello and executive chef Brian Dodero, Aperitivo aims to recreate the casual, informal atmosphere found in neighborhood bars in Italy. Yelp users praised the restaurant for its ever-changing menu, friendly staff, and inviting ambiance. Recognized alongside nearly 20 other California restaurants, Aperitivo stands out for its delightful dining experience and is commended as a must-visit spot for those in Santa Barbara. For additional details, click here for the full article from San Luis Obispo’s The Tribune.

Steve Ells, founder of Chipotle, is set to revolutionize the lunch experience once again with his new venture, Kernel. Focused on plant-based offerings cooked by robots, Kernel aims to streamline the fast-casual format, reducing labor and kitchen space costs. Ells envisions a future where lunch is ordered through an app, with minimal human interaction, and customers retrieve their food from secure metal cubbies. The menu features a concise selection of vegan options, including meatless burgers, sandwiches, salads, and vegetable sides. Ells, known for his meticulous approach to food, brings in seasoned chefs to craft Kernel’s offerings. Despite potential nostalgia for traditional lunch experiences, Ells believes customers prioritize speed, price, and convenience in the ever-evolving landscape of fast-casual dining. For additional details, click here to access the full article from New York’s Grub Street.

Over the last decade, Erewhon, grocery anchor at Cypress Retail Group’s Summit at Calabasas listing, has expanded into 10 locations and transformed into the world’s trendiest and most extravagant market. Now deemed a “quintessential L.A. experience”, the upscale organic grocer known for supplying only the purest health foods and products has become one of Hollywood’s hottest gathering spots with an impressive fan base. A recent article published in The Hollywood Reporter, accessible here, provides a detailed insight into the family behind this true retail phenomenon, its mega success in the health food market sector, and future growth plans. For current leasing opportunities to join the Erewhon-Anchored Summit at Calabasas shopping center, click here.

Chipotle Mexican Grill recently reported it third quarter financial results, showing an 11.3% increase in total revenue over last year’s Q3 numbers, largely driven by new restaurant openings. The chain opened 62 new locations in Q3 alone, with 54 of those including a Chipotlane. For more detailed numbers and Chipotle’s future outlook, click here for the full article from RNR Restaurant News.

The Kebab Shop, Dog Haus and Pinkberry have recently executed leases to join Santa Clarita’s Plaza at Golden Valley, securing three of four highly desirable positions in the former Sizzler restaurant pad redevelopment. Leasing activity for what is considered the dominant power center in eastern Santa Clarita Valley has remained strong throughout the year, with a national grocery store executing a lease last month for 16,000 SF formerly occupied by Party City, and Daiso now under construction in approximately 7,700 SF adjacent to Kohl’s. Given the project’s exceptional co-tenancy and strategic positioning along the heavily travelled 14 Freeway, the final remaining availabilities are expected to lease up quickly. Matt Haas and Bob Haas of Cypress Retail Group represented the landlord in the acquisition of the property last year and have since been responsible for all leasing efforts within the center on behalf of the new ownership.