CBRE Arranges $50M Cash Shopping Center Sale

CALABASAS, CA—CBRE has sold The Courtyard at the Commons, located at 23631 Calabasas Road, on behalf of an undisclosed public employee pension fund advised by CBRE Global Investors. The investment sold as an all-cash deal for $50 million.

The seller was represented by the CBRE’s private capital group Los Angeles retail team, led by Sam Alison, Dan Riley, and Ben Cherney, and CBRE’s National Retail Investment Group – West, led by Todd Goodman, Gleb Lvovich, Prestow Fetrow, and Kirk Brummer. The buyer, an undisclosed global asset management firm, represented themselves in the transaction. This is the fourth time the CBRE team has sold this asset over the past 14 years.