Los Angeles โ June 16, 2025 โ CBRE 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 โ 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.
CBREโs 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 mix of tenants, including Tender Greens, Thirty-2 Dentistry, and Crossroads Trading. The offering also included the parking garage and associated revenue.
โWest Hollywood continues to be one of the most coveted retail investment submarkets in Southern California,โ said Wade, Executive Vice President at CBRE. โWith a high-performing tenant mix and significant foot traffic, this was a rare opportunity to secure a high-quality asset in an exceptionally competitive market.โ
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the worldโs largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website atย www.cbre.com.
