CALABASAS, CALIF. — The Courtyard at the Commons, a Class A retail center in the Los Angeles submarket of Calabasas, has sold to an undisclosed global asset management firm for $50 million. The center is located just off Highway 101 across from The Commons at Calabasas. Notable tenants at the Courtyard include Babies-R-Us, Wells Fargo, Chase, Bank of America, Riviera Wine Bar & Bistro and Sotheby’s. The buyer represented itself in this all-cash transaction, while the seller, an undisclosed public employee pension fund advised by CBRE Global Investors, was represented by CBRE’s Private Capital Group Los Angeles Retail Team, including Sam Alison, Dan Riley and Ben Cherney, as well as by CBRE’s National Retail Investment Group – West, including Todd Goodman, Gleb Lvovich, Prestow Fetrow and Kirk Brummer.
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