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CBRE Sells West Hollywood Retail Property for $13 Million

CBRE has announced the sale of The Shops at Hancock Lofts, a 10,513-square-foot retail condo property located at 8759, 8761, and 8763 Santa Monica Boulevard in West Hollywood, California. The asset sold for $13 million to Goodyear Investments, LLC – a private investor that completed the sale to satisfy a 1031-exchange. Goodyear Investments, LLC was represented by Pegasus Investments on both the acquisition and debt origination.CBRE’s Patrick Wade and Alex Kozakov represented the seller and institutional owner in the transaction.The Shops at Hancock Lofts is fully leased to a strong...
Upcoming Investments

Volatility Takes The Steam Out Of Investment Recovery

A slowdown in real estate investment probably won't be visible in second-quarter deal figures, but volumes for 2025 are unlikely to be as high as they might have been due to economic uncertainty caused by U.S. trade and fiscal policy.  “The Q2 number is very healthy — we expected to see a slowing down of activities, but actually it's not,” CBRE Global Head of Research Henry Chin said at the annual National Association of Real Estate Editors conference in New Orleans on Tuesday.  Looking further out, however, the impact of uncertainty is likely to be...
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