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CBRE Global Investors Like L.A.

LOS ANGELES—The investment fund buys a grocery-anchored shopping center in Burbank, and says it likes Los Angeles suburban markets with strong demographics.

By Kelsi Maree Borland | Updated on May 12, 2015

LOS ANGELES—CBRE Global Investors likes suburban markets in the greater Los Angeles area for investment opportunities. As proof, a fund managed by the group has acquired a grocer-anchored retail center in Burbank, CA. The sales price for the property was not disclosed.

“This location really fits the bill of suburban, but also has some good infill characteristics,” Kim Hourihan, portfolio manager and senior managing director at CBRE Global Investors, tells GlobeSt.com. “Los Angeles has been a target market of ours on retail, and we felt like this property fit really well into the demographics of the area. We like the greater Los Angeles area, but it doesn’t always have to be in Beverly Hills. There are a lot of pockets within L.A. that have a lot of interest to us as well.”

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