LOS ANGELES, CA — DECEMBER 29, 2021 — Centre Urban Real Estate Partners has successfully sold Rock Hill Retail Center, a 4,800 sf retail center in St. Louis, Missouri for $1.45 million or $302 per square foot, and Dollar General #718, a net leased asset located in Jackson, Alabama for $475,000 at a 7.3% cap rate. These two assets were part of a portfolio owned by the families that had once owned a prominent tile company in the Los Angeles South Bay. The families originally purchased the properties in 2016 and 2017. Centre Urban was initially brought in to analyze the family's existing portfolio in 2018 and was ultimately asked to be the investment manager on behalf of the family trusts.
Rock Hill Retail Center was originally built in 2017 and anchored by Pacific Dental Services, operating as Rock Hill Dentistry. The buyer is an owner-user and plans to occupy the adjacent vacant suite as Hotworx Fitness Studio & Gym. Centre Urban was represented by CBRE, Inc. and the buyer was represented by Morrow Hill, LLC in the transaction. Dollar General #718 was originally built in 1997 with a corporate-guaranteed NN lease to Dollar General (NYSE: DG), a publicly-traded Fortune 500 Company with an S&P Investment Grade Credit Rating of BBB. The buyer is Wolfe Investments of Dallas, Texas. Centre Urban was represented by Sands Investment Group and the buyer was represented by Wynmark Commercial in the transaction. Centre Urban's Investment Management Platform is available for family offices and Accredited high-net worth individuals that desire professional portfolio or asset management of their real estate investments. Centre Urban can advise on an existing portfolio or execute an appropriate strategy for new investments, whether it is through comingled investment vehicles or separate accounts, that achieves the goals of our investors. ### Interested in Investment Opportunities? Fill our our Investor Questionnaire here. For more information: Centre Urban Investment Management (213) 265-7505 investing@centre-urban.com
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 LOS ANGELES, CA — DECEMBER 29, 2021 — Centre Urban Real Estate Partners has successfully sold Desert Springs Spa & RV Park comprising of 96 RV and mobile home pads in Riverside County, California for $2.4 million or $25,000 per pad. Desert Springs Spa & RV Park is a legacy asset of Tahiti Partners Properties Corporation, which originally purchased the property in distressed condition for $1.8 million or $18,750 per pad in early 2017. The property was originally built in 1974 and features a swimming pool and spa heated by natural hot springs, which is the namesake of the nearby City of Desert Hot Springs. Centre Urban successfully executed a renovation and stabilization business plan that saw significant value-creation as demonstrated by the ultimate disposition.
Centre Urban was represented by an affiliated Centre Urban company, and the buyer was represented by the Martinez & Associates, Inc. in the transaction. Located in the Coachella Valley, Desert Hot Springs is a historic city that rests upon a large alluvial plain that fills the cavity of the ancient Mission Creek, which flows from the snowpack on the peak of Mt. San Gorgonio, a protected nature reserve. A short drive from Desert Springs Spa & RV Park and Desert Hot Springs is the world-famous City of Palm Springs, which is known for its hot springs, stylish hotels, golf courses and spas. It's also noted for its many fine examples of midcentury-modern architecture. ### For more information: Centre Urban Marketing (213) 265-7505 info@centre-urban.com  LOS ANGELES, CA -- October 27, 2021 — Centre Urban Real Estate Services executed the sale of 2010 Lincoln Park Avenue, consisting of a portfolio totaling approximately 113,490 square feet of land located within the Lincoln Heights neighborhood near Downtown Los Angeles. The 2.60-acre portfolio was sold for $14,000,000, or $123.36 per square foot of land. The full portfolio includes a social service campus located on a full city block, an ancillary surface parking lot, a single-family home, two retail units and a three-unit multifamily building. The buyer was Ronald Mayer, a private real estate investor, and the seller was PAMC, Ltd.
Centre Urban’s Eugene F. Page and Martin M. Q. Nguyen served as advisors to the seller in a transaction process that was executed through the height of the COVID-19 pandemic. The buyer was represented by Louis Chavez of Century 21 Allstars and Alex Jimenez. Located just outside Downtown Los Angeles, Lincoln Heights is one of L.A.’s oldest neighborhoods. It dates back to the 1870s and was founded within one of the original four Spanish leagues pueblo of the Los Angeles land grant. The portfolio is ¼ mile from the University of Southern California’s prestigious 79-acre Health Sciences Campus, which is undergoing massive expansion. Established in 1885, the USC Keck School of Medicine is the oldest medical school in Southern California. As advisors, Centre Urban managed a marketing and listing strategy that produced a competitive number of qualified offers. Centre Urban, as a fully integrated commercial real estate firm, continues to seek new third-party advisory and brokerage opportunities while raising capital for its direct investment opportunities located in Southern California and Honolulu. “Centre Urban is able to leverage its unique experience as both principals and advisors for the benefit of its clients and investors,” said Page, who notes the Lincoln Heights Portfolio assignment required Centre Urban to examine the site from multiple perspectives to convey the vision of what a potential buyer could bring to fruition. “Whether we are deploying investment capital on behalf of investors or advising a family office’s real estate portfolio, we approach every client’s investments with the same intensity and level of care as our own,” concluded Page. About Centre Urban Real Estate Services Centre Urban Real Estate Services is the brokerage, property management and advisory arm of Los Angele-based Centre Urban Real Estate Partners, Inc., a privately held, vertically integrated commercial real estate investment, development, advisory, and asset management company that traces its roots to 2000. Centre Urban’s principals take decades of institutional experience and pair it with an entrepreneurial mindset to further the on-going evolution of Southern California’s urban fabric. Centre Urban and its legacy companies have completed more than $500 million in full-cycle transaction value and its principals have in excess of 85 years of combined real estate experience as advisors, brokers, and principals. ### For more information: Eugene F. Page Principal, Brokerage & Advisory (213) 265-7505 page@centre-urban.com Centre Urban Marketing (213) 265-7505 info@centre-urban.com  LOS ANGELES, CA -- January 29, 2021 — Centre Urban Real Estate Services executed the sale of 717-759 North Hill Street, consisting of approximately 82,120 square feet of land located within the rapidly expanding Chinatown market near Downtown Los Angeles. The 1.89-acre property was sold for an undisclosed price. The buyer was TRJLA LLC, a privately held real estate development company, and the seller was PAMC, Ltd.
The property is currently zoned C2-2D Regional Commercial and Transit Oriented Community (TOC) Tier 3, a key designation for sites within a half mile of a transit station. 717-759 North Hill Street is near the Metro Gold Line’s Chinatown Station. Furthermore, the property is located within the DTLA 2040 Community Plan update area, which allows for further development opportunities. Project details are expected to be available later in 2021. Centre Urban’s Eugene F. Page and Martin M. Q. Nguyen served as advisors to the seller in a transaction process that was executed without the parties being able to meet in-person as a result of the health pandemic. “Centre Urban recognized the potential for this site to serve as a catalyst in Chinatown and is confident we found a buyer who also understands the value and the opportunity this crucial development site represents for one of Los Angeles’s most historic districts,” said Page. “Getting a deal of this size across the finish line was remarkable given the health pandemic restrictions that prevented us from meeting the buyer in-person. I believe this is the first assignment in which I’ve been involved dating back to the 1970s where that happened.” As advisors, Centre Urban managed a formal Request for Proposal (RFP) process that produced a competitive number of qualified offers, despite the economic uncertainty caused by the onset of the COVID-19 pandemic during the process. Nguyen added, “This sale is the most significant development land transaction in Downtown Los Angeles since the COVID-19 pandemic started in March 2020. Chinatown has faced many challenges in the past year, and the opportunity is now there for this high-profile development site to further Chinatown’s burgeoning renaissance. The buyer understood the site represents an opportunity to transform an overlooked site in an underserved market into a project that truly serves the community.” Kevin Chen, TRJLA CEO, stated, “This is a lifetime opportunity to contribute to Chinatown’s revitalization and improve the Hill Street corridor. We are evaluating development options, which we trust will improve the quality of Chinatown’s physical environment and add to Los Angeles’ character as a diverse, sustainable and global destination.” Joseph Chang, TRJLA CFO, added, “We have partnered with AC Martin, a Los Angeles-based architecture firm with over 170 employees and a strong history in DTLA, to design the mixed-use project.” Centre Urban, as a fully integrated commercial real estate firm, continues to seek new third-party advisory and brokerage opportunities while raising capital for its direct investment opportunities located in Southern California and Honolulu. “Centre Urban is able to leverage its unique experience as both principals and advisors for the benefit of its clients and investors,” said Page, who notes the Hill Street assignment in Chinatown required Centre Urban to examine the site from a development perspective in order to convey the vision of what a developer could bring to fruition. “Whether we are deploying investment capital on behalf of investors or advising a family office’s real estate portfolio, we approach every client’s investments with the same intensity and level of care as our own,” concluded Page. About Centre Urban Real Estate Services Centre Urban Real Estate Services is the brokerage, property management and advisory arm of Los Angele-based Centre Urban Real Estate Partners, Inc., a privately held, vertically integrated commercial real estate investment, development, advisory, and asset management company that traces its roots to 2000. Centre Urban’s principals take decades of institutional experience and pair it with an entrepreneurial mindset to further the on-going evolution of Southern California’s urban fabric. Centre Urban and its legacy companies have completed more than $500 million in full-cycle transaction value and its principals have in excess of 80 years of combined real estate experience as advisors, brokers, and principals. ### For more information: Eugene F. Page Principal, Brokerage & Advisory (213) 265-7505 page@centre-urban.com Centre Urban Marketing (213) 265-7505 info@centre-urban.com  LOS ANGELES, CA — DECEMBER 8, 2020 — Centre Urban Real Estate Services successfully solicited, negotiated and arranged the $1,318,000 debt recapitalization of the existing loan on 1700 Camino Real located in Palm Springs, California. The lender is Farmers & Merchants Bank of Long Beach. The loan is fixed for six years at 3.75%. Despite the severe impacts of the COVID-19 pandemic on commercial retail, particularly on food & beverage, the property was able to maintain 100% occupancy and is now at full collections. Centre Urban capitalized on the property’s quality, market resiliency, tenant performance, and low leverage to generate attractive loan terms.
The 5,800 square foot commercial property is a legacy asset of Tahiti Partners Properties Corporation, which successfully acquired, designed, entitled and developed the property in 2008 as a component of Oceo Palm Springs, its larger, award-winning development of nine private courtyard homes and 25 townhomes of built in the style of mid-century modern design. The property is located across from the renovated $35 million Ace Hotel. Amidst a local population of over 45,000 and within walking distance of over 1,000 hotel rooms, the property’s location would be considered prime. The strikingly pristine mid-century modern architecture has remarkable desert mountain views and produces high visibility from heavily trafficked East Palm Canyon Drive and Camino Real. The property is anchored by award-winning Koffi. Voted Coachella Valley's best coffee shop, Koffi is a Palm Springs staple for locals and visitors alike. Established in 2002, Koffi is locally owned and operated, with four locations in Palm Springs and Rancho Mirage. In 2019, Centre Urban successfully leased up 4,200 square feet of vacant restaurant space, equipped with a state-of-the-art kitchen and a transformable dining space, to P.S. Underground. Established in 2012 and described as a “dining adventure” where menus are kept secret, ingredients are sourced from local seasonal ingredients, and no two events are the same, P.S. Underground had called art galleries, rooftops, gardens, private estates, shuttered restaurants, and warehouses home until establishing its permanent location at the property. Both tenants continue to successfully navigate the COVID-19 pandemic under Centre Urban’s management of the property. Centre Urban Real Estate Services is the brokerage, property management and advisory arm of Centre Urban Real Estate Partners, Inc., a privately held, vertically integrated commercial real estate investment, development, advisory, and asset management company originally founded in 2001. Part of Centre Urban's suite of services include third-party investment advisory on debt placement and capitalization. ### For more information: Eugene F. Page Principal, Brokerage & Advisory (213) 265-7505 page@centre-urban.com Centre Urban Marketing (213) 265-7505 info@centre-urban.com LOS ANGELES, CA — MAY 20, 2020 — Centre Urban Real Estate Partners received unanimous approval to build 32 for-rent townhomes in eastern Riverside County via a City of Banning Planning Commission hearing. The hearing was held virtually, due to the ongoing COVID-19 pandemic. Named Vista Serena, the 32-unit project is a legacy asset of Tahiti Partners Properties Corporation, which is purchasing the 32 finished lots in a previously developed project that already includes 96 finished townhomes in a gated community. The Vista Serena complex was originally approved and developed in the early 1970s but the final 32 lots had never been improved with townhomes. The 32 townhomes being built by Centre Urban will range in size from 1,000 square foot to 1,220 square foot and will feature two bedrooms and two and one-half baths, with two-car garages. Each unit will include a master suite, kitchen, pantry, living room, dining room, laundry closet, patio and deck.
Loren G. Smets, A.I.A., formerly of LGS Architects and Pardee Homes, designed the 32 units, which incorporate the Spanish-style architectural design of the existing 96 townhomes. Feiro Engineering is the Civil Engineer, Gouvis Engineering Consulting Group is the Structural and Title 24 Engineer, and Hermann Design Group is the Landscape Architect. The existing units have demonstrated a strong occupancy history, comprised mostly of longer-term tenants, with rents steadily increasing over the years. Vista Serena is located within five miles of Desert Hills Premium Outlets, an asset of Simon Property Group, and the Morongo Casino Resort & Spa, which is currently undergoing a significant remodel of its 27-story resort tower, encompassing 310 guest rooms, and 65,000 square foot expansion of its casino. Centre Urban was able to facilitate significant risk-adjusted returns by structuring an innovative acquisition strategy while offsetting risks by identifying the existing market demand through the strong occupancy and rent history of the existing complex. The purchase and development of Vista Serena is part of Centre Urban’s investment strategy to focus on creating moderate and workforce housing in areas with demonstrated or anticipated demand growth. Construction on Vista Serena is anticipated to begin in the third quarter of 2020. ### For more information: Centre Urban Marketing (213) 265-7505 info@centre-urban.com  LOS ANGELES, CA — MARCH 19, 2020 — Centre Urban Real Estate Partners as exclusive advisor is pleased to present for sale 717-759 North Hill Street, an irreplaceable development opportunity comprised of approximately 82,120 square feet or 1.89 acres of land located within the rapidly expanding downtown-adjacent market of Chinatown in Los Angeles, California. With favorable C2-2D Regional Commercial zoning and Transit Oriented Community (TOC) Tier 3, the opportunity allows for incredible development flexibility.
With its walkability and access, Chinatown is currently one of the hottest neighborhoods experiencing rapid development and revitalization. Chinatown has had consistent delivery of new product in the past couple years. Most recently, the historic Capitol Mill Building has been converted to creative office, and LA Plaza Village has brought 355 new residential units to the neighborhood. Major planned developments to be completed in the coming years include College Station with 725 planned units and Llewellyn Apartments with 318 planned units. The Property is offered on an unpriced basis. Please email info@centre-urban.com to be qualified as a respondent for the Request for Proposal that will be distributed on March 23, 2020. All responses will be due on or before April 30, 2020 at 5:00PM PDT.  LOS ANGELES, CA — DECEMBER 12, 2019 — Centre Urban Real Estate Partners has successfully sold Beaumont Cove Apartments comprising of 136 garden-style apartments in Tulsa, Oklahoma for $5.385 million or $39,600 per unit. Beaumont Cove is a legacy asset of Tahiti Partners Properties Corporation, which originally purchased the property in distressed condition for $2.856 million or $21,000 per unit in late 2010. The property was originally built in 1974 and comprises of 24 one-bedroom units and 112 two-bedroom units. Tahiti Partners successfully executed a renovation and stabilization business plan that saw significant value-creation as demonstrated by the ultimate disposition.
Centre Urban was represented by Evolution Management Corp., an affiliate of Centre Urban, and the buyer was represented by the CBRE in the transaction. The sale of Beaumont Cove is part of Centre Urban’s efforts to dispose of legacy assets not consistent with its current investment strategy. Located in the northeast plains of Oklahoma, Tulsa is a historic city of nearly half a million people on the banks of the Arkansas River. Known for more than a century as a major oil and gas production center, Tulsa’s economy has grown into the aerospace and technology sectors more and more in the last few decades, and is home to a blossoming media industry as well. Beaumont Cove is located in East Tulsa, a primarily residential and industrial community located in eastern Tulsa County. With a manufacturing industry that continues to thrive, East Tulsa also supports many retail and service sector jobs, including jobs in Tulsa's primary hospitality district. ### For more information: Centre Urban Marketing (213) 265-7505 info@centre-urban.com  LOS ANGELES, CA — NOVEMBER 22, 2019 — Centre Urban Real Estate Partners has successfully sold Compass Pointe Apartments comprising of 86 garden-style apartments in Tulsa, Oklahoma for $2.709 million or $31,500 per unit. Compass Pointe is a legacy asset of Tahiti Partners Properties Corporation, which originally purchased the property in distressed condition for $516,000 or $6,000 per unit in early 2010. The property was originally built in 1964. Tahiti Partners successfully executed a renovation and stabilization business plan that saw significant value-creation as demonstrated by the ultimate disposition.
Centre Urban was represented by Evolution Management Corp., an affiliate of Centre Urban, and the buyer was represented by the SVN Oak Realty in the transaction. The sale of Compass Pointe is part of Centre Urban’s efforts to dispose of legacy assets not consistent with its current investment strategy. Located in the northeast plains of Oklahoma, Tulsa is a historic city of nearly half a million people on the banks of the Arkansas River. Known for more than a century as a major oil and gas production center, Tulsa’s economy has grown into the aerospace and technology sectors more and more in the last few decades, and is home to a blossoming media industry as well. Compass Pointe is located in central Tulsa, near major freeways with access to downtown, shopping, medical facilities, and recreation. The 86 units all maintain the ease of apartment living amid beautifully landscaped grounds. Residents have the time to pursue their interests while enjoying maintenance-free living in a family-oriented community, complete with a playground and barbecues. ### For more information: Centre Urban Marketing (213) 265-7505 info@centre-urban.com Centre Urban Selected as Finalist for Metro Joint Development of Little Tokyo/Arts District Station10/17/2019  LOS ANGELES, CA — OCTOBER 17, 2019 — Centre Urban Real Estate Partners has been selected as one of four finalists for the joint-development of the future Metro Little Tokyo / Arts District Station, as part of the larger Regional Connector project. In January 2019, Metro received eight different responses from interested parties, which was later whittled down to the top four teams in June. As part of the joint-development process, Metro held two community open houses on October 17, 2019 at the Nishi Hongwanji Buddhist Temple where the four finalists presented early looks at their visions for what could rise above the Little Tokyo / Arts District Station. Community members were asked to provide feedback, which was recorded by Metro staff and will be presented to each development team. Metro hopes to recommend a developer to the Board of Directors in early 2020. The Regional Connector is expected to open in mid-2022. As reported by L.A. Downtown News, "Centre Urban Real Estate Partners’ concept focuses on melding elements from Little Tokyo and the Arts District’s past with the future, according to Martin M. Q. Nguyen, principal at the Downtown-based development firm. “This is a key site and key player to both Little Tokyo and the Arts District,” Nguyen said during the presentation. “This is the crossroad of the historic and traditional history of Little Tokyo, yet the start of the innovative and new concepts that come out of the Arts District.” Centre Urban’s vision for the site, alongside their development partners, Stantec and Kritzinger & Rao, features 20,000 square-feet of creative office space spread across a two-floor building. Visitors will have to cross a large lawn to enter the offices, which will be focused on independent start-ups from the community. An “urban village” will anchor the offices, Nguyen said. A total of six independent retail spaces totaling 2,500-square-feet, a 3,400-square-foot restaurant and an 18,000 square-foot “food village” than can house 22 different stalls and a bar will make up the village. There is also a 1,700-square-feet space for a historic cafe on the Central Avenue side of the site. During the meeting, Nguyen floated the idea of the space eventually holding a revived Atomic Café. The legendary cafe’s historic brick building sat at the construction site for 100-years before being demolished in 2015 to make way for the new station. Additional features include a 500-square-foot mobility hub, a “smart market,” and potential for a rooftop event space."  Metro Open House Presentation Board Centre Urban is excited to play a part in this process and hopes to be able to play its part in the positive evolution of the Little Tokyo and Arts District communities.
### For more information: Centre Urban Marketing (213) 265-7505 info@centre-urban.com |
