News
As one of the premiere commercial real estate brokerage firms in Southern California, CRG is in the news. Here are recent articles highlighting some of the transactions completed by our Cypress team, along with other industry-related news.
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… Read More..
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… Read More..
The FTC, accompanied by 17 states, has officially filed a federal anti-trust lawsuit against Amazon, in an effort to hold the company accountable for its alleged monopolistic practices. For more details, click here for the full article from Chain Store… Read More..
Check out the following article from California Centers magazine about the newest Lazy Acres location. Scott Manclark of Cypress Retail Group represented the tenant in this transaction. California Centers – “Lazy Acres Opens 31,000-Square-Foot Store in Los Angeles” “The new… Read More..
Darden Restaurants, national multi-brand full-service restaurant owner and operator, has just announced its intended acquisition of Ruth’s Hospitality Group, parent company of Ruth’s Chris Steakhouse, for $715 million. Click here for additional details in the full article from Restaurant Dive. Read More..
The Kebab Shop and AT&T have recently executed leases to join the Plaza at Golden Valley, a 600,000 SF regional shopping center situated along the 14 Fwy at Golden Valley and Via Princessa in the Santa Clarita Valley. The Kebab… Read More..
Nationwide home goods retailer, Bed Bath & Beyond, Inc., has officially filed for Chapter 11 Bankruptcy and will be closing all of its remaining 480 stores located across the country, including 120 which operate under their buybuy BABY brand. Click… Read More..
Last year’s unprecedented inflation has had a significant impact on shopping habits across all facets of the retail industry. Although the rate of price increases is predicted to slow down this year, it is expected to vary across categories and… Read More..
Philz Coffee has opened in Calabasas at the Summit on December 13, 2022. The San-Francisco based coffee company has 69 locations throughout the United States. The popular coffeehouse chain has a variety of blends using different coffee beans from around… Read More..
More brick-and-mortar store owners have arisen since the pandemic, with strong growth and expansion plans. U.S. retail vacancy has dropped to 6.1% in the second quarter, being the lowest level in the past 15 years. As online advertising costs increase,… Read More..