Showing posts with label Retail Updates. Show all posts
Showing posts with label Retail Updates. Show all posts

October 6, 2010

Nordstrom "Rack" opening at Lakewood Center Mall October 14, 2010.

The Nordstrom "Rack" looks like it will be opening at Lakewood Center Mall October 14, 2010. Again LAAG does not give the city council any credit for this, but rather the credit goes to Macerich who operates the mall and Nordstrom which looks like it is now targeting "downscale" shoppers in Lakewood and a few other cities. Meanwhile Cerritos gets the "top shelf" Nordstrom redux in May 2010 (see story below). Once again upstaging Lakewood. The only thing we can say is that a few more sales tax dollars might come Lakewood's way now. "Lakewood stimulus"... Oh goodie. Maybe Lakewood city council can pay the "newly found money" into the LASD slush fund. Oh and finally don't bother going over to the city of Lakewood website for this info. You won't find it as of our post date. Once again Lakewood drops the ball on an announcement that really might mean something.

California store openings

Lakewood, CA - Lakewood Center (Nordstrom Rack)
Opening Date: October 14, 2010


Burbank, CA - Burbank Empire Center (Nordstrom Rack)
Opening Date: October 21, 2010

Fremont, CA - Pacific Commons Shopping Center (Nordstrom Rack)
Opening Date: Spring 2011

Upland, CA - Colonies Crossroads (Nordstrom Rack)
Opening Date: Fall 2011

Redondo Beach, CA - South Bay Center (Nordstrom Rack)
Opening Date: Fall 2011

West Covina, CA - West Covina Mall (Nordstrom Rack)
Opening Date: Fall 2011

New Cerritos Nordstrom will open Friday
By Kelly Puente, Staff Writer
Posted: 05/04/2010 06:39:45 PM PDT

CERRITOS - The city of Cerritos will celebrate a milestone Friday with the grand opening of a new Nordstrom and six new shops in Los Cerritos Center.

The roughly $90 million expansion project, a partnership between the city, Nordstrom and Macerich Co., has been five years in the making. The mall at the San Gabriel (605) Freeway and South Street will now feature a 138,000-square-foot Nordstrom and a 36,500-square-foot wing with M·A·C Cosmetics, True Religion Brand Jeans, Carlton Hair International, Vision Shoes, Foreign Exchange clothing and Love Culture clothing.

Opening day kicks off at 8a.m. Friday with a "Beauty Bash" complete with complimentary makeup consultations, a preview of new products and tips from beauty advisers.

Doors officially open at 10a.m.

Employees were scurrying through the department store on Tuesday, organizing spring sandals, hanging up the latest trends in clothing and stocking cosmetics counters in preparation for opening day. All the merchandise in the mall's old Nordstrom will be moved to the new store overnight tonight.

Plans are still in the works for the space in the old Nordstrom. Built in 1981, it was the third of its kind in California.

While some retailers like Robinsons-May and Mervyns have shuttered, others in Los Cerritos Center seem to be thriving.

In January, retail giant Forever 21 opened a two-story 85,000-square-foot flagship store in the former Mervyns site.

And like Forever 21, Nordstrom continues to grow. Last year, the company saw $441million in net earnings, a nearly 10 percent increase from the previous year. The company reported overall retail sales of $8.26 billion for 2009.

Not bad for what started as a small shoe shop in Seattle founded by Swedish immigrant John Nordstrom in 1901.

"It literally reads like an American success story," said his great-grandson Pete Nordstrom, president of merchandising, in a phone interview. "I think he'd be shocked at what it is today."

Pete Nordstrom says the company has stayed successful over the years because it knows what its customers want.

"We've been able to pay close attention to our customers and evolve with their changing dynamic," he said. "We have a broad range of prices, and as price becomes more of a factor with the economy, we've been able to adjust without becoming a highly promotional store."

Despite the economic recession, plans for a new store in Los Cerritos Center never fell off track, Pete Nordstrom said.


"We've been doing business in Cerritos for a long time," he said.


The mall generates about $2.7 million in annual sales tax revenue and about $3.1 million in property tax for the city. The expansion project is expected to generate an additional $360,000 in annual sales tax and another $1.1 million in property tax.

In addition to the day's festivities, at 7 p.m. the mall will unveil its newest art piece, a 20-foot-high stainless steel sculpture of a shopping bag. And on May 13 from 7 p.m. to 9p.m., M·A·C Cosmetics will hold a grand opening party with cocktails, appetizers and models displaying makeup.

kelly.puente@presstelegram.com, 562-499-1305


Lakewood Accountability Action Group™ LAAG | www.LAAG.us | Lakewood, CA A California Non Profit Association | Demanding action and accountability from local government™ click here to receive LAAG posts by email

August 25, 2010

Regional mall operator Macerich recently stopped making mortgage payments

As you know Macerich is the Lessor which manages Lakewood Shopping Center, Stonewood Shopping center, and Los Cerritos Mall. As reported in the Wall Street Journal today "Companies such as Macerich Co.... have recently stopped making mortgage payments to put pressure on lenders to restructure debts. In many cases they have walked away, sending keys to properties whose values had fallen far below the mortgage amounts, a process known as "jingle mail." These companies all have piles of cash to make the payments. They are simply opting to default because they believe it makes good business sense."

We have also heard rumors that many tenants in Lakewood Center Mall are behind in rent payments. A few have also been asked for large increases in rent. Not sure of the reasons.

As we all know the city of Lakewood relies heavily on the mall for income and it is one of the few things that separates Lakewood from cities like Paramount and Bellflower that have no such regional malls. The problem of course is that with so many regional malls in the area it is hard to keep those malls profitable for the city. It will be interesting how this recession will play out on commercial property as we have a long way to go before we are out of the woods. The jobs report is dismal for as far as the eye can see in California and that continues to depress new home sales.

Lakewood Accountability Action Group™ LAAG | www.LAAG.us | Lakewood, CA A California Non Profit Association | Demanding action and accountability from local government™ click here to receive LAAG posts by email

March 10, 2010

Dollar Tree opening soon at South St and Bellflower Blvd

LAAG has learned that the Dollar Tree store in the old refurbished Vons store should be opening around the latter part of March 2010. [finally] Again not a huge success for Lakewood which has a dismal commercial vacancy rate (from all appearances) but it is better than the horrible eye sore that was the dilapidated Vons store for the last few years. There are 10 open stores within 10 miles of Lakewood currently. Of course we could have had a Trader Joe's market in that location had the city had the guts to tell Safeway to can their lease buyout provision. Apparently its required no food stores at South and Bellflower for years to come for fear of real competition in this poor discount food shopping selection we have in Lakewood. More on that issue as we wrote in August 2009.

According to a February 2010 Wall Street Journal article Dollar Tree Inc.'s fiscal fourth-quarter earnings rose 28% as the discount retailer continues to fare well during the downturn. Apparently its doing well as customers trade down to cheaper goods during the downturn.

The company in December estimated revenue of $1.49 billion to $1.53 billion with a gross margin of 37 percent.

Lakewood Accountability Action Group™ LAAG | www.LAAG.us | Lakewood, CA
A California Non Profit Association | Demanding action and accountability from local government™

click here to receive LAAG posts by email

August 26, 2009

The South and Bellflower shopping center saga continues

As we have reported previously the ongoing "former Vons" saga at South and Bellflower lingers on for what seems like an eternity. Just getting the parking lot fixed took over a year. They were finished in August 2009. [read our update to this story here]

Vons/Pavillions is owned by the lovely Safeway people headquartered in Oakland CA. When the current owner of the properly bought it many years ago Vons had a very long term and cheap lease on the building it vacated in 1998. They did not want to let go of the lease for fear that another grocery store would move in there and heaven forbid "compete" with the Pavillions over at South and Woodruff (which has the worst prices of any grocery store in the area thanks to union and other issues...but that's another column). Clearly the Fresh and Easy has not been any competition. We are still banking on that operation to fold up as the novelty has worn off.

The real problems began when the current landlord (Lings Property Management..located in LA) tried to buy Vons lease interest out. Of course Von's wanted to make sure that a Trader Joes market or some other savvy competitor cannot get in that spot. This created two problems. First it harms Lakewood shoppers who have a lack of real shopping choice for groceries (as most cities in the this area, especially Long Beach, backed the unions and disallowed Wal Mart grocery stores). Secondly it reduces the chances of leasing that entire former Vons store due to its sheer size. But the city apparently refused or failed to intervene on behalf of the city residents and encourage Von's (Safeway) to drop that requirement and so there you have it. No competitive food stores in that center for years to come thanks to heavy handed action by Safeway. Quite frankly we feel that is appalling and only hurts residents.

So as it stands now the former Von's store will be subdivided into three equally divided store units. More doors and glass will be added to the front. The building is essentially gutted inside now. As of Sept. 15, 2009 it is supposed to be ready for the build out of the first of three new tenants.

The first will be "Dollar Tree" And of course they will sell little if any "food items" at the store thanks the our pals over at Safeway. It is not clear on who the other two tenants will be but given the glut of commercial space in Lakewood we are not optimistic that it will be leased quickly (especially given the site had had for lease signs up for about 3 years..one actually rotted and fell over!) We are also not at all impressed with Lakewood's very shallow and transparent redevelopment efforts which don't seem to be getting much bang for the tax dollar. Also the city seems to focus all their attention on the mall and second or third tier shopping centers like the one at Bellflower and South and Palo Verde and South languish with years of vacancies and decay. We all know where that leads.

Dollar Tree is one of a number of large chains that appears to be doing well in this 12% unemployment economy.

Here are Dollar Tree's current local stores:

6426 E. Spring St. Long Beach, CA 90815

Norwalk Town Center 13913 Pioneer Blvd Norwalk, CA 90650

8111 E Wardlow Road Long Beach, CA 90808

In related news, in the same shopping center the Hanalei restaurant has reopened after being closed for about a year. No idea what the problem was but its good to see businesses operating as opposed to empty buildings. We know thats not good for anyone.

We also hear that the Movietime Video rental store in the same shopping center is supposed to be subdivided and that a 7-11 will go in on the Bellflower Blvd side. We will believe that when we see it.

Finally the South and Bellflower site is supposed to get a minor facade upgrade for all stores. That has not yet been defined. But anything would be an improvement over what we have now.

Lakewood Accountability Action Group™ LAAG | www.LAAG.us | Lakewood, CA
A California Non Profit Association | Demanding action and accountability from local government™

click here to receive LAAG posts by email

March 11, 2009

Yoshinoya to open at south and woodfruff

There is a new Yoshinoya Beef Bowl fast food restaurant opening next to the existing Fresh and Easy market at South and Woodruff. No date on the expected opening but construction is moving briskly at least for now. We believe that the Yoshinoya at South and Palo Verde is still open (and one of the few remaining tenants at that strip mall disaster; more on that later). It is possible that that store may close as it is very close to this new one.

When the Fresh and Easy opened in Nov 2007 it did not use all of the space that had been used by the old Petco. It has taken 15 months to sublease that extra space and it is still not clear if the Yoshinoya will use all the space or not.

It seems that South and Woodruff is attracting all the attention as it is larger than the South and Bellflower shopping area and has larger anchor tenants. Yet progress is slowly being made on the new parking lot at the old Vons. Apparently they are going to subdivide the old Vons as its just too hard to lease a single tenant space that large. And in case you haven't heard the supermarket biz is not going gangbusters these days.

We hear that much of the delay at that Vons site was the city itself not the landlord. What a surprise. A complaint we hear frequently now. Apparently the city could care less about helping businesses to open quickly. They are more interested in red tape and pumping fees out of starving tenants. Nothing new for typical low level bureaucrats who have never worked in the private sector. I have talked to a number of remodeling commercial tenants and as amazing as it sounds in this recession the city does not appear to be in any hurry to get businesses up and running. Apparently the Lakewood Chamber of Commerce is not reaching out either.

Lakewood Accountability Action Group™ LAAG | www.LAAG.us | Lakewood, CA
A California Non Profit Association | Demanding action and accountability from local government™

click here to receive LAAG posts by email

March 4, 2009

Fresh & Easy not looking so good

As we reported about a year ago, Fresh and Easy opened with great fanfare in November 2007 but its parent company Tesco PLC is getting hammered in the market. Its stock price is down. Tesco is the U.K.’s biggest supermarket chain. Its share of grocery spending dropped to the lowest in three years last month as shoppers turned to Wal-Mart Stores. Tesco’s share of the UK market fell to 30.3 percent in the 12 weeks ended Feb. 22.

Of course the other problem is that Fresh and Easy is not going smoothly in the USA as it appears that the marketing gurus that conceived of the concept did not do their homework that well and made some big assumptions that are turning out to be wrong. This marketing article details the problems.

Of course Costco just opened at the mall (first ever in a mall setting) at the worst time in history. More on Costco here

We have noticed many more "red tag" specials at Pavillions and Vons lately, likely in response to Costco pressure and pressure by Safeway (which owns Vons and Pavillions) on name brand food suppliers to lower their prices. The Wall St. Journal did a recent article on this issue. This is also placing pressure on Fresh and Easy.

So we have a race to the bottom in retail, which includes food retailers. We have a long way to go before this over and its likely to get worse. The retail landscape may completely change by the time this "depression" is over. How Lakewood and its shoppers will fare is anyone's guess.

Lakewood Accountability Action Group™ LAAG | www.LAAG.us | Lakewood, CA
A California Non Profit Association | Demanding action and accountability from local government™

click here to receive LAAG posts by email

Costco is not immune from the recession

Costco Wholesale Corp.'s second-quarter earnings fell 27%, while the quarterly profit generated by rival BJ's Wholesale Club Inc. rose 4.8%, financial results showed this week.
Costco's profit for the second quarter ended Feb. 15 fell more than expected. Shares of Costco, down 23% so far this year. The results reflected lagging demand for non-food items and increased discounts and price reductions to attract budget-conscious shoppers. Quarterly profit at Costco fell to $239.7 million, or 55 cents a share, from $327.9 million, or 74 cents, earned in the year-earlier second quarter. Total revenue, reflecting membership fees, eased to $16.84 billion from $16.96 billion, off 0.7%. Costco also cut prices or held back increases in an intense industry fight for market share with rivals including the Sam's Club. The recession and rising job losses also have led shoppers to cut back on bulk purchases

BJ's Wholesale (a Costco competitor only on the east coast) came in with financial results that exceeded expectations and reported fourth-quarter profit rose 4.8% to $52.7 million, or 91 cents a share, from $50.2 million, or 80 cents, earned in the same period a year earlier.

Big Lots (another Lakewood retailer) said fourth-quarter profit fell 14% to $78.8 million, or 96 cents a share, from $92 million, or $1.04, a year earlier.

So the verdict is still out on Costco at the mall. Customer traffic has been brisk the first week but we will want to see how that holds up once the novelty wears off. Plus this store is just cannibalizing traffic from the Norwalk and Long Beach Costcos. The state of retail will likely undergo a metamorphosis in the next 12 months. Who knows what Lakewood retail will look like by then.


Lakewood Accountability Action Group™ LAAG | www.LAAG.us | Lakewood, CA
A California Non Profit Association | Demanding action and accountability from local government™

click here to receive LAAG posts by email

February 18, 2009

Nordstrom "Rack" to open in Lakewood Center in Fall 2010

According to a press release dated Feb 18, 2009 Nordstrom, Inc. announced it will open a 33,400-square-foot Nordstrom Rack, a unit of the company's off-price retail division, at Lakewood Center in fall 2010. This will be the fourteenth Nordstrom Rack in the greater Orange County/Los Angeles area, including three new Rack stores scheduled to open in 2009 and 2010. The company also operates 16 Nordstrom stores in the Orange County/Los Angeles area, including a store at Los Cerritos Center in Cerritos, Calif. that will relocate to a brand new store within the mall in spring 2010. Nordstrom Rack is the company's off-price retail division offering savings of 30 to 70 percent on apparel and accessories. Apparently Lakewood is not upscale enough for a "regular" Nordstrom. Really, we assume it is only because Cerritos got theirs first and Lakewood's gamble on the Macy's store did not pay off. Oh well in this recession a "discount" Nordstroms will likely do better than a full price Nordstrom. But who knows what the economy will be like 2 years from now when it finally opens. No word on if a new store will be built or if it will occupy some existing space. Likely the former. Plus that will create JOBS! Also this appears to be a deal between the mall owner Macerich and Nordstroms and has nothing to do with any actions taken by the city council.

Lakewood Accountability Action Group™ LAAG | www.LAAG.us | Lakewood, CA
A California Non Profit Association | Demanding action and accountability from local government™

click here to receive LAAG posts by email

February 5, 2009

(the few) Retail Bright Spots

Well the day is finally approaching. Costco will be opening in Lakewood Center on February 26, 2009 (thurs) at 8am according to fliers mailed out this week. I guess in this bad retail climate they don't want to wait for a weekend opening. They have been handing out 10.00 discounts for membership signups in the Mall. We will report further on the opening. We were noticing how vacant the mall was the other night in the area of the all but closed Circuit City, the long ago closed Lakewood Center South Theaters and the construction zone of the Costco. It is rather ironic that 8 months ago people were complaining about all the increased traffic Costco would bring. What a difference a little recession makes!

Bellflower and South St. is still trying to improve. The old Vons parking lot repaving is underway but quite frankly it is moving at a snails pace. Still no word on new tenants.

The Denny's opening in the old Bakers Square looks finished. Once we got city hall to speed up the permits the workers were working weekends and until 9pm at night to finish up. Opening is supposed to be February 15, 2009. They also resurfaced the parking lot. This intersection can use a bright spot and we hope this helps draw in more businesses. Ironically Denny's had its start in Lakewood in 1953 under the name Danny's Donuts.

Lakewood Accountability Action Group™ LAAG | www.LAAG.us | Lakewood, CA
A California Non Profit Association | Demanding action and accountability from local government™

click here to receive LAAG posts by email

February 2, 2009

Macy's and Home Depot, flagships of Lakewood Mall, cut further

Its no secret that retail sales are cratering and that the two lead tenants in the Lakewood Center Mall are not doing well.

Macy's Inc. said this week that it's cutting 7,000 jobs - including 5,100 in its stores - and centralizing some of its corporate operations in an effort to reduce costs amid an increasingly difficult retail environment. The company also projected earnings for the fiscal year just beginning that are well below analysts' estimates. The company does not plan to close any additional Macy's or Bloomingdale's locations other than 11 Macy's stores whose shutdown was previously announced. Looking at the rest of the year, the department store operator expects to see "a very challenging environment" through 2009. As such, the retailer forecast same-store sales, or sales at its stores open at least a year, to fall between 6% to 8% for the year.

Home Depot, the No. 1 home improvement retailer, announced Monday that it is shutting down its high-end decor EXPO business and shrinking its support staff, with both moves resulting in a reduction of 7,000 jobs. Additionally, the retailer said it will reduce support staff, impacting about 2,000 employees and resulting in a 10% reduction in the company's officer ranks. Home Depot currently operates 2,274 stores. Home Depot expects sales for the year ending this month to drop by 8% and earnings per share from continuing operations to decline by 24%, excluding charges associated with the latest job cuts and store closings

Lakewood Accountability Action Group™ LAAG | www.LAAG.us | Lakewood, CA
A California Non Profit Association | Demanding action and accountability from local government™

click here to receive LAAG posts by email

January 16, 2009

Pain at the Mall likely to last all of 2009

As can be seen from the article blow these are going to be trying times for shopping malls. 2009 will be the true test of just how strong your towns mall is and it will depend greatly on which mall has the highest percentage of stores that go bankrupt. MACERICH CO (NYSE: MAC) the owner of Cerritos, Lakewood, and Stonewood (Downey) malls was trading at over $75.00 a share in May 2008 and now hovers around $15.00 a share, up from $10.00 in the 2008 Christmas season. The problem for Lakewood is that they already have loads of cheaper retail space for lease in other parts of the city OUTSIDE the mall. This has been the case for a number of years as the city has focused all its muscle on the mall, abandoning other areas of the city. Now it will take a Herculean effort just to keep the mall fully leased, especially with Long Beach competing for what's left of surviving retailers. Forget about leasing the other areas of the city (which may become retail wastelands). And "economists" say no recovery until 2010. It already feels like March (with so much bad news coming so fast) and its still January. This is going to be a long and painful year. Oh and don't forget about California's budget (yes the MSM "main stream media" reminds you about it now and again). I am officially designating the California Legislature a "Weapon of Mass Destruction" (WMD) This WMD is on Washingtons radar..this time arround. If the budget mess is not fixed by February 1, 2009, the Governator and all legislators should be fired. Then we hold a special election March 1, and no one that has run or been in office up there in Sacramento in the last 5 years should be eligible to run. I'll bet we would get some results then. Bush has his legacy. What will Arnie's be?

Foreclosure at the Mall
The Recession's Latest Victim Might Just Be That Shopping Center Down the Road
By SCOTT MAYEROWITZ
ABC NEWS Business Unit
http://abcnews.go.com/print?id=6544358

Dec. 30, 2008—

Forget those 50-percent-off signs. This winter you are likely to see a new sign at your local mall: "Going Out of Business." And that means big trouble for mall owners already struggling to survive.

The nation's shopping center owners are facing a recessionary double whammy: consumers who are spending less and real estate investors who are holding back money used to finance their operations.

And some analysts say that, in the next two months, those forces will collide, sending some mall owners into bankruptcy. Don't expect your local mall to necessarily close its doors -- although some of the 3,500 across the country might -- but it could very likely be owned by somebody else by the spring.

"They have significant problems by and large," said George Whalin, president and CEO of Retail Management Consultants.

In just six to eight weeks, Whalin said, "there are going to be a significant number of retailers that will go bankrupt. There's no doubt about that. ... We've just never seen anything as bad as this."

Michael P. Niemira, chief economist at the International Council of Shopping Centers, said the industry has "really been battered by every part" of this recession.

First, housing stores saw problems. Then apparel. Now every store, including the once-immune luxury retailer.

"Clearly, there are lots of problems in the retail industry and they range from the weakness in consumer demand to the debt issues that some companies are facing," Niemira said.

Back in August, Niemira predicted that sales would grow as much as 1.7 percent this holiday season. Now, he estimates a decline of 1.5 percent to 2 percent. Sales during the final week of shopping were down 1.8 percent from last year. That makes this year "the weakest holiday season since at least 1970," Niemira said in a statement this morning.

He said stores are doing everything from slashing prices to laying off workers to try to stay afloat. Retailers, he said, account for 9 percent of the nation's jobs but represent 25 percent of the recent employment declines.

Stores Go Bankrupt

Big chains, including Linens 'N Things, Circuit City, Whitehall Jewelers, Mervyn's and Steve and Barry's have already filed for bankruptcy. Other big retailers, including Talbots, Fashion Bug, Ann Taylor, J. Crew and Liz Claiborne have either announced store closings or scaled back or delayed expansion plans.

Retailers may close 73,000 stores in the first half of 2009, according to the shopping center council.

None of that is good news for mall owners who rely on those retailers for rent, which they use to pay off the massive loans to build or buy the malls in the first place. As mall owners try to refinance existing loans, they find themselves struggling to get investors to give them money and -- like many homeowners -- they find their real estate is worth less than it was just a few years ago.

Whalin said the first major blow to malls came in August 2005, when Macy's bought out rival May Department Stores. In one giant move, retailers, such as Marshall Field's, Filene's, Hecht's, Foley's, Robinsons-May and Kaufmann's all fell under the Macy's flag.

A mall that once had Macy's anchoring one end and Filene's at the other suddenly had two Macy's. The company quickly moved to close its redundant stores and the malls lost large tenants.

"The value of their real estate has diminished for a variety of reasons, certainly not the least of which was Macy's gobbling all the regional department stores and essentially closing some of those stores and struggling with others," Whalin said.

But it's not just big chains that are shutting their doors as we fall deeper into a recession.

At the beginning of 2006, just 7.3 percent of retail spaces -- from malls to strip malls to stand-alone stores -- were empty, according to the National Association of Realtors. That figure now hovers just below 10 percent and for next year, the group forecasts a 12.4 percent vacancy rate.

And after a disappointing Christmas shopping season, those numbers could climb ever higher.

The amount of money spent at the nation's retailers from Nov. 1 through Christmas Eve was down 5.5 percent to 8 percent compared with last year, according to MasterCard SpendingPulse, which tracks retail sales for all forms of payment, including check, cash and credit card.

Falling Rents

Lawrence Yun, chief economist for the National Association of Realtors, said that in the coming year he anticipates a 7 percent drop in retail rents as a larger supply of vacant stores comes on the market.

"The property owners will be competing, trying to draw the tenants by offering much lower rents," Yun said. "A combination of a rising vacancy rate and falling rents will naturally mean that the property prices will be coming down."

Some big chains are already asking for leases to be renegotiated and others are likely to when their leases expire in the next year or two, Whalin added.

But that's only half of the picture.

Most malls are owned through large real estate investment trusts or REITs. The two biggest are Simon Property Group and General Growth Properties.

These real estate companies -- and especially General Growth -- are now being hurt by the credit crunch.

In 2004, General Growth spent $12 billion to acquire mall owner Rouse. The deal including assuming $5.4 billion in Rouse debt.

To pay for the deal, the company borrowed heavily. But then the credit markets froze and now General Growth -- which owns more than 200 shopping centers -- has roughly $27 billion in debt and no way to refinance.

Just last week, the company got a reprieve on a debt-payment deadline. The forbearance gives it a bit of breathing room and keeps the company out of bankruptcy, for now. Many analysts are watching Jan. 30 and Feb. 12 -- dates when the company might be forced to make two large debt payments.

Mounting Debt

To help raise cash, General Growth -- the country's second largest mall owner -- announced in October it would try to sell its retail properties in Las Vegas, which include the Fashion Show Mall, Grand Canal Shoppes at the Venetian, and the Shoppes at the Palazzo.

"I don't see that they're through the woods here yet," Whalin said. "A lot of smaller mall companies are suffering in the same way."

Niemira said General Growth is "the poster child" for the credit troubles facing the industry.

"Those owners that took on too much debt have ultimately paid the price. At this point it's not clear how that will all play out," he said, noting that "the stock prices of some of these firms have really taken a huge hit."

Just a year ago, shares of General Growth traded at 38.73. They closed Monday at 1.21 -- that's a fall of nearly 97 percent this year.

But don't expect the malls themselves to close. Both Whalin and Niemira said the properties are profitable; it's just that some mall owners have too much debt to ride out the recession.

"The regional mall is here to stay as part of the retail environment," Whalin said. "It isn't going to go away anytime soon."

Lakewood Accountability Action Group™ LAAG | www.LAAG.us | Lakewood, CA
A California Non Profit Association | Demanding action and accountability from local government™

click here to receive LAAG posts by email

We can't keep up with all the bankruptcies

The owner of the Black Angus Steakhouse chain filed for Chapter 11 bankruptcy protection Thursday. Another tenant in the "prized" Lakewood Restaurant Row. It looks like its going to be carnage at the Mall in the next 6 months. Lakewood may end up looking like Bellflower before this is over. The owner, Los Altos-based Pecus ARG Holding Inc. owes between $100 million and $500 million and has assets between $100 million and $500 million, according to the filing. There are 69 restaurants in seven states, mainly on the West Coast. Black Angus Steakhouse chain employs about 3,600 people.Today, Each of the locations has approximately 75 employees and serves an average of 3,000 customers per week. ARG previously filed for Chapter 11 bankruptcy protection in 2004. Revenue has dropped from about $244 million in 2006 to $181 million in 2008.

No word yet on which Black Angus Steakhouse restaurant locations may close, if any. Normally this is determined on which locations are "poor or underperforming" So stay tuned.

Lakewood Accountability Action Group™ LAAG | www.LAAG.us | Lakewood, CA
A California Non Profit Association | Demanding action and accountability from local government™

click here to receive LAAG posts by email

Circuit City bites the Dust

Another store gone from Lakewood Center. No surprise really as Circuit City has been dying slowly for years. They like all the weak and marginal compnies will be killed off in this 2-3 recession. Oh well no big deal as all Circuit City's business was being eaten up by Best Buy which we also have in the mall just a few hundred yards away from the Circuit City location. No idea what will happen to the rather isolated Circuit City building in the Lakewood Mall parking lot (it never was a good location). I suspect it will be better to demolish it due to its odd location. And heaven knows in the next 6 months there will be plenty of vacancies in the Mall to fill up due to the dismal Christmas season and deepening recession.

After failing to secure financing from creditors and lenders, bankrupt electronics vendor Circuit City reported that it will liquidate. This will throw more than 30,000 employees onto the street, adding to the rising number of U.S. job losses, which last year hit their highest level since World War II. Circuit City had 567 stores in the United States.

Circuit City said it will provide more details in the near term about the liquidation of its stores and Firedog services. Surely a bankruptcy will be filed shortly.

Lakewood Accountability Action Group™ LAAG | www.LAAG.us | Lakewood, CA
A California Non Profit Association | Demanding action and accountability from local government™

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January 12, 2009

Some businesses open while others close

Apparently Macy's is closing 11 stores. Fortunately not the one in Lakewood Center. The only one closing in CA is i downtown LA.

Albertsons announced plans Friday to close one of its two stores in the city. The store at 3400 E. South St., is scheduled to close on Feb. 19. This store has been open since 1998.

Workers are working feverishly on the old Bakers Square at South and Bellflower to renovate it into a new Denny's. It will open in February. LAAG got the city to speed up the permit approval. In this economy

Lakewood Center claims that the Costco in Lakewood Center will open in February and will not be delayed to March.

The Mervyns that is closing will become a Forever 21 store as reported earlier.

No word on the Sonic Drive In location. We heard it could open at Woodruff and Harvey Way which was the site of a former Arco gas station. More on that as we learn it.

The Fresh & Easy Market celebrated its one year anniversary at South and Woodruff. We did not think it would last this long. Perhaps the new Farm Direct Market opening (5927 South St.) on the NE corner of South and Woodruff will give it some competition. We see lots of work going on there but no opening date is known. This is not a chain store. The Jones Bicycles store was the last retail store that we can recall in the space. It closed a number of years ago and the store remained vacant ever since.

The old Vons parking lot at South and Bellflower is getting completely repaved with new planters and sprinkler systems. Hopefully this will make it more palatable to prospective tenants, which the site has needed badly for years. The city has taken years to pressure the landowners to fix up the site.

Lakewood Accountability Action Group™ LAAG | www.LAAG.us | Lakewood, CA
A California Non Profit Association | Demanding action and accountability from local government™

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December 22, 2008

Waiting for the next shoe to drop

Well isn't this just great. First residential real estate. Now its commercial real estates turn. Right after Christmas and the January blow outs I suspect there will be much bloodletting by the retail sector. Costco opening in February 2009 could not have picked a worse time to open. Poor holiday sales (when some make over 50% of their yearly income) will not bode well for renewing that costly lease at the mall. This could be bad for Lakewood which relies heavily upon what small retail sector we have. And most of Lakewood's "retail eggs" are concentrated in the Mall "basket". And you know the saying. Never put all your eggs in one basket (in case it drops). But there is plenty of grief to go around. Cerritos must really be hurting as it relied very heavily on Cerritos Auto Square revenue to furnish lavish city projects (which it still has to maintain). Oh well as the cities like to say about tax revenue..."easy come easy go..."

Real-estate developers reportedly seeking U.S. relief

Dec. 22, 2008

NEW YORK (MarketWatch) -- Developers of large commercial real-estate projects are seeking access to government investment funds as at least $160 billion of debt comes due for refinancing next year and lenders are thin on the ground for the embattled industry, the Wall Street Journal reported Monday. The paper said that developers of projects like malls, hotels and office complexes are seeking access to the recently announced Treasury plan to provide $200 billion of credit relief to borrowers on auto and student loans and credit-card debt. Some of the developers have also reportedly suggested a separate program aimed solely at projects in commercial real estate. The Journal's report quoted a letter that a dozen developers recently sent to Treasury Secretary Hank Paulson, in which they say: "Right now, we believe there is insufficient systemic capacity to refinance expiring, performing commercial real-estate loans. For many borrowers, [credit] simply is not available." The report said that delinquencies on commercial mortgages jumped to 0.96% in November, up from a 0.62% rate in September.

http://www.marketwatch.com/news/story/commercial-real-estate-may-next/story.aspx?guid={B8584A95-BB8F-4DB4-A3B3-C9B183F10C92}&dist=TNMostRead

Lakewood Accountability Action Group™ LAAG | www.LAAG.us | Lakewood, CA
A California Non Profit Association | Demanding action and accountability from local government™

click here to receive LAAG posts by email

December 13, 2008

Musical Chairs at the Mall

One store out, one store in. Forever 21 Inc. and Kohl's Corp. won a joint bid to move into 46 soon-to-be-empty Mervyns stores (out of a total of 149). Mervyns filed for Chapter 11 bankruptcy (Reorganization) protection in July and subsequently decided to liquidate. As Lakewood already has a Kohl's near Carson and Paramount the Lakewood Center Mall Mervyns and the Los Cerritos Center Mervyns will become Forever 21 stores. Forever 21 is a store primarily for women under 25. Perfect as they are 80% of Mall shoppers. I guess we are leaving it up to teen women to pull us out of the retail slump!

Lakewood Accountability Action Group™ LAAG | www.LAAG.us | Lakewood, CA
A California Non Profit Association | Demanding action and accountability from local government™

click here to receive LAAG posts by email

December 12, 2008

KB Toys in Lakewood Center to close

KB Toys filed for chapter 11 Bankruptcy on 12/11/08, even before the Christmas holiday shopping season ended. It will be closing its Lakewood Center Mall location. For a toy store to close a few weeks before Christmas tells you how bad things are. It has been said that the next waive of the recession will affect credit cards and commercial real estate. Bad news for Lakewood Center Mall. Costco also reported flat earnings this week, so expectations are really low for the delayed opening of Costco Lakewood Center in mid February 2009 (if they can even meet that date). KB's spokesperson stated: "In order to maximize value of the assets through the store closing sales, it is imperative [KB] be authorized to conduct the store closing sale ... as soon as possible in order to take advantage last two weeks of the holiday selling season," KB filed bankruptcy three years earlier. Same-store sales have fallen 19.77% compared with last year. KB has 277 mall-based stores, 114 KB Toys Outlet stores, 40 KB Toy Works, and about 30 temporary holiday stores.

I guess someone will need to keep a tally sheet for Mall and store closings after January. Likely all the Costco opening will do in February 2009 will be making up for other store closings with no net gain or even a loss in sales tax revenues for the Mall.

Lakewood Accountability Action Group™ LAAG | www.LAAG.us | Lakewood, CA
A California Non Profit Association | Demanding action and accountability from local government™

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November 24, 2008

Retail update for Nov 2008

We have been assured that regardless of all the problems in Construction that the new Lakewood Center Mall Costco is experiencing (it was slated to open in Nov. 2008) that it will open sometime in February 2009. Christmas will be over and we will be right in the middle of a severe recession so that will be interesting to watch.

The Bakers Square restaurant went bankrupt in April 2008 and closed the location at the SW corner of Bellflower and South St. around that time. We are told that a Denny's will take its place. No idea on an opening date. We assume that Denny's will use the same building. This corner is really starting to suffer from the economic downturn and is starting to look like the one at the NW corner where the old Vons is located.

With respect to the NE corner where the old Vons is located, it appears that the City Attorney is trying to move forward against the landlord who is dragging his feet on the planter and pavement repairs in the parking lot. The former Vons improvement has been going on for at least two years now. Still no anchor tenant in the former Vons even though the Facade and roof were fixed up.

Finally some movement on the Farm Direct Market (5927 South St.) on the NE corner of South and Woodruff. It took out a liquor license in July 2008 and it appears that work is now finally underway on the inside. I would expect an opening in the next 4 months. Not clear on the concept for the store but it appears to be an indoor farmers market. But that was what we thought about Fresh and Easy and what a disappointment it was.

There were rumors of a Sonic Drive-In burger scouting for a place in Lakewood. Sources tell us they think the new site is the SW corner of Woodruff and Harvey Way (the site of a long closed and demolished Arco gas station). No confirmations as of this writing.

Now if we can just get the city bureaucracy to fast track the occupancy and cut some of the red tape. In this economy we need all the new retail we can get. Its beats the alternative.

Lakewood Accountability Action Group™ LAAG | www.LAAG.us | Lakewood, CA
A California Non Profit Association | Demanding action and accountability from local government™

click here to receive LAAG posts by email

December 14, 2007

Eating establishments in Lakewood CA

This is a list of all eating establishments in Lakewood CA. This list is using the latest available information. We will try to update the list as we find out more current information about closures of new openings. Whenever possible please patronize Lakewood restaurants over other city's eateries.

Arby’s
5920 South St., Lakewood, CA, 90713

Arby’s
4935 Graywood Ave., Lakewood, CA, 90712

Arby's Roast Beef
5920 South St, Lakewood, CA, 90713

Arby's Roast Beef Restaurants
4935 Graywood Ave, Lakewood, CA, 90712

Baja Fresh Mexican Grill
5001 Candlewood St, Lakewood, CA, 90712

Bakers Square Restaurant & Pies
5520 South St., Lakewood, CA, 90713

Banducci's Famous Chicago
2706 Del AMO Blvd, Lakewood, CA, 90712

Baskin Robbins
5455 Del Amo Blvd, Lakewood, CA, 90712

Baskin-Robbins Ice Cream & Yogurt
5455 Del AMO Blvd, Lakewood, CA, 90712

Benchwarmers Sports Grill
5625 Woodruff Ave, Lakewood, CA, 90713

Black Angus Restaurant Stuart Anderson's
5000 Candlewood St, Lakewood, CA, 90712

Boston Market
4895 Candlewood St, Lakewood, CA, 90712

Brothers Korean Bbq
12218 Centralia St, Lakewood, CA, 90715

Burger King No 10722
2438 Carson St, Lakewood, CA, 90712

Caffe La Strada
4716 Woodruff Ave, Lakewood, CA, 90713

California Buffet
4126 Woodruff Ave, Lakewood, CA, 90713

California Pizza Kitchen
125 Lakewood Center Mall, Lakewood, CA, 90712

California Pizza Kitchen
500 Lakewood Center Mall, Lakewood, CA, 90712

California Steak & Fries
407 Lakewood Center Mall, Lakewood, CA, 90712

California Sushi & Teriyaki
5916 Del AMO Blvd, Lakewood, CA, 90713

Carl's Jr Restaurants
2710 Del AMO Blvd, Lakewood, CA, 90712

Carl's Jr Restaurants
5247 Clark Ave, Lakewood, CA, 90712

Carl's Jr Restaurants
5601 Woodruff Ave, Lakewood, CA, 90713

Casa Margarita
12228 Centralia St, Lakewood, CA, 90715

Chili's Grill & Bar
4931 Candlewood St, Lakewood, CA, 90712

China Buffet
4074 Hardwick St, Lakewood, CA, 90712

Chinatown Express No 45
5554 Woodruff Ave, Lakewood, CA, 90713

Chipotle
5310 Lakewood Blvd, Lakewood, CA, 90712

Chuck E Cheese's
5151 Lakewood Blvd, Lakewood, CA, 90712

Church's Fried Chicken Inc
5610 Woodruff Ave, Lakewood, CA, 90713

Cinnafactory Llc
356 Lakewood Center Mall, Lakewood, CA, 90712

Coco's Bakery Restaurant
5809 Lakewood Blvd, Lakewood, CA, 90712

The Coffee Bean & Tea Leaf
3225 Carson St., Lakewood, CA, 90712

Cold Stone Creamery
5107 Candlewood St, Lakewood, CA, 90712

Corner Bakery Cafe
5312 Clark Ave, Lakewood, CA, 90712

Dairy Queen
214 Lakewood Center Mall, Lakewood, CA, 90712

Del Taco
11723 Del Amo Blvd., Lakewood, CA, 90715

Del Taco
3501 South St., Long Beach, CA, 90805

Denny's Restaurant
11605 Carson St, Lakewood, CA, 90715

Denny's Restaurant
2634 Carson St, Lakewood, CA, 90712

Desserts by Design
4336 South St, Lakewood, CA, 90712

Domino's
5538 Del Amo Blvd, Lakewood, CA, 90713

Domino's Pizza
5538 Del AMO Blvd, Lakewood, CA, 90713

Domino's Pizza
9353 E Alondra Blvd, Lakewood, CA, 90712

Domino's Pizza
Lakewood, CA, 90716

Doo Re Bak
11810 Centralia St, Lakewood, CA, 90715

Duke's Char Broiler
11790 Del AMO Blvd, Lakewood, CA, 90715

Eastside Mario's
4771 Candlewood St, Lakewood, CA, 90712

El Pollo Loco
2727 Carson St, Lakewood, CA, 90712

El Pollo Loco
5935 South St, Lakewood, CA, 90713

El Pollo Loco Inc
11601 Carson St, Lakewood, CA, 90715

El Torito Mexican Restaurant
7591 Carson Blvd, Lakewood, CA, 90712

Elephant Bar Restaurant
4634 Candlewood St, Lakewood, CA, 90712

Fastel Llc
11802 Centralia St, Lakewood, CA, 90715

Flames
21006 Norwalk Blvd, Lakewood, CA, 90715

Flite Room
4111 Lakewood Blvd, Lakewood, CA, 90712

Foggia Italian Market & Deli
5522 Del AMO Blvd, Lakewood, CA, 90713

Friday's
7221 Carson Blvd, Lakewood, CA, 90712

Fuddruckers Inc
5229 Clark Ave., Lakewood, CA, 90712

Fuji Grill
2704 Carson St, Lakewood, CA, 90712

Glory Days Sports Grill
4121 Woodruff Ave, Lakewood, CA, 90713

Golden Spoon the
5536 Woodruff Ave, Lakewood, CA, 90713

Goody's Pizza & Chicken
5695 Woodruff Ave, Lakewood, CA, 90713

Goody's Pizza & Chicken
20161 Pioneer Blvd, Lakewood, CA, 90715

Green Burrito
2710 Del Amo, Lakewood, CA, 90712

Green Burrito
5835 Bellflower Blvd, Lakewood, CA, 90713

Grumpy's Garden
213 Lakewood Center Mall, Lakewood, CA, 90712

Guacamole Grille
12612 Del AMO Blvd, Lakewood, CA, 90715

The Heritage Family Pantry
2601 Carson St, Lakewood, CA, 90712

Hideaway the
5523 South St, Lakewood, CA, 90713

Hometown Buffet
4700 Candlewood St, Lakewood, CA, 90712

Honeybaked Ham Co
4332 South St, Lakewood, CA, 90712

House of Fondues & Kebabs the
3253 E South St, Long Beach, CA, 90805

IHOP
5316 Lakewood Blvd., Lakewood, CA, 90712

In-N-Out Burger
5820 Bellflower Blvd., Lakewood, CA, 90713

International House of Pancakes
5316 Lakewood Blvd, Lakewood, CA, 90712

Island Flavor Hawaiian the
5526 Del AMO Blvd, Lakewood, CA, 90713

It's A Grind
5127 Candlewood St, Lakewood, CA, 90712

It's A Grind Coffee House
6405 Del AMO Blvd, Lakewood, CA, 90713

It's A Grind Coffee House Lakewood
4214 Woodruff Ave, Lakewood, CA, 90713

J R Bakery
11816 Centralia St, Lakewood, CA, 90715

Jack In the Box
11501 Carson St, Lakewood, CA, 90715

Jack-In-the-Box Family Restaurants
5858 Del AMO Blvd, Lakewood, CA, 90713

Jack-In-the-Box Family Restaurants
5747 Lakewood Blvd, Lakewood, CA, 90712

Joe's Sushi Japanese Restaurant
5607 South St, Lakewood, CA, 90713

Kainan Sa Kanto
5521 Del AMO Blvd, Lakewood, CA, 90713

Kentucky Fried Chicken
4917 Bellflower Blvd, Lakewood, CA, 90713

L A Italian Kitchen
405 Lakewood Center Mall, Lakewood, CA, 90712

La Postada Restaurant
4101 Lakewood Blvd, Lakewood, CA, 90712

La Salsa Fresh Mexican Grill
500 Lakewood Center Mall, Lakewood, CA, 90712

Lakewood Wok
5445 South St, Lakewood, CA, 90712

Lans Cozy Confab
4823 Paramount Blvd, Lakewood, CA, 90712

Laventina's Pizza
5806 Bellflower Blvd, Lakewood, CA, 90713

Little Caesar's Pizza
5555 Woodruff Ave, Lakewood, CA, 90713

Loft Hawaiian Restaurant the
20157 Pioneer Blvd, Lakewood, CA, 90715

Madanzsae Korean Barbecue
21004 Pioneer Blvd, Lakewood, CA, 90715

Mama Mia Pizza and Sandwich Shop
2616 Candlewood St, Lakewood, CA, 90712

Mama's Sushi
5679 Woodruff Ave, Lakewood, CA, 90713

Marie Callender's Restaurants & Bakeries
4419 Candlewood St., Lakewood, CA, 90712

McDonald's
4910 Lakewood Blvd, Lakewood, CA, 90712

McDonald's Restaurant
2770 Carson St, Lakewood, CA, 90712

McDonald's Restaurants
2707 Carson St, Lakewood, CA, 90712

McDonald's Restaurants
4848 Woodruff Ave, Lakewood, CA, 90713

McDonald's Restaurants
6741 Carson St, Lakewood, CA, 90713

McDonald's Restaurants
406 Lakewood Center Mall, Lakewood, CA, 90712

McDonalds of Lakewood
5739 Bellflower Blvd, Lakewood, CA, 90713

Melt Jelato Lakewood
500 Lakewood Center Mall, Lakewood, CA, 90712

Mi Casa
5549 Woodruff Ave, Lakewood, CA, 90713

Milk Barn Pizza the
4855 N Bellflower Blvd, Long Beach, CA, 90808

Mimi's Cafe
4404 Candlewood St, Lakewood, CA, 90712

Mireille's Caterers
4151 Carson St, Lakewood, CA, 90712

New York Subs
2604 Carson St, Lakewood, CA, 90712

Numero Uno Pizza Pasta & More
4121 Woodruff Ave, Lakewood, CA, 90713

O J's Submarines
4136 Paramount Blvd, Lakewood, CA, 90712

Oriental Express
3400 South St, Lakewood, CA, 90712

The Original Virgie's Restaurant
5253 Paramount Blvd, Lakewood, CA, 90712

Outback
5305 Clark Ave., Lakewood, CA, 90712

Outback Steakhouse
5305 Clark Ave., Lakewood, CA, 90712

Pacific Star Grill
6205 Bellflower Blvd, Lakewood, CA, 90713

Panera Bread
135 Lakewood Center Mall, Lakewood, CA, 90712

Papa John's Pizza
5457 South St, Lakewood, CA, 90712

Peach Garden Chinese Restaurant
4819 Paramount Blvd, Lakewood, CA, 90712

Pho Siaigon
6514 South St, Lakewood, CA, 90713

Pino Pizza
2510 Carson St, Lakewood, CA, 90712

Pizza Equals Two
6114 Bellflower Blvd, Lakewood, CA, 90713

Pizza Hut
4110 Lakewood Dr, Lakewood, CA, 90712

Pizza Hut
3960 Paramount Blvd, Lakewood, CA, 90712

Pizza Hut
12602 Del AMO Blvd, Lakewood, CA, 90715

Pizza Hut
5917 South St, Lakewood, CA, 90713

Pizza Man
6909 Carson St, Lakewood, CA, 90713

Quizno's
4995 Candlewood St., Lakewood, CA, 90712

Quizno's
3219 Carson St., Lakewood, CA, 90712

Quizno's Subs
3219 Carson St, Lakewood, CA, 90712

Quiznos Sub 442 Lakewood Mall
4995 Candlewood St, Lakewood, CA, 90712

Red Lobster
4333 Candlewood St., Lakewood, Ca, 90712

Red Lobster Restaurants
4333 Candlewood St, Lakewood, CA, 90712

Regal Inn
6763 Carson St, Lakewood, CA, 90713

Round Table Pizza
5250 Faculty Ave, Lakewood, CA, 90712

Rubio's Fresh Mexican Grill
5111 Candlewood St, Lakewood, CA, 90712

Rustlers
4130 Paramount Blvd, Lakewood, CA, 90712

Safi Enterprises Inc
5721 Bellflower Blvd, Lakewood, CA, 90713

Sbarro's Italian Eatery
22 Lakewood Center Mall, Lakewood, CA, 90712

Sea Hawk
4103 Candlewood St, Lakewood, CA, 90712

Seafood Broiler Restaurant & Market
4333 Candlewood St, Lakewood, CA, 90712

Sear's Donut
6412 Del AMO Blvd, Lakewood, CA, 90713

Shahnawaz Restaurant
12225 Centralia St, Lakewood, CA, 90715

Shop Kallerz Sports Bar & Grill
4823 Paramount Blvd, Lakewood, CA, 90712

Snug Harbor
5520 Del AMO Blvd, Lakewood, CA, 90713

Soot Bul Myung Ga
11697 Del AMO Blvd, Lakewood, CA, 90715

Souplantation
4720 Candlewood St., Lakewood, CA, 90712

Starbucks
4226 Woodruff Ave., Lakewood, CA, 90713

Starbucks
208 Lakewood Center, Lakewood, CA, 90712

Starbucks
5538 Woodruff Ave., Lakewood, CA, 90713

Starbucks
2700 Carson St., Lakewood, CA, 90712

Starbucks
5906 Del Amo Blvd., Lakewood, CA, 90713

Starbucks
4833 Candlewood St., Lakewood, CA, 90712

Starbucks
5500 Woodruff Ave., Lakewood, CA, 90713

Starbucks
3400 South Street, Lakewood, CA, 90712

Starbucks
2770 Carson St, Lakewood, CA, 90712

Starbucks Coffee
500 Lakewood Center Mall, Lakewood, CA, 90712

Starbucks Coffee
4833 Candlewood St, Lakewood, CA, 90712

Subway
4210 Woodruff, Lakewood, CA, 90713

Subway
2706 Carson Blvd., Lakewood, CA, 90712

Subway
6426 South St, Lakewood, CA, 90713

Subway
5538 Woodruff Ave, Lakewood, CA, 90713

Subway Sandwich
127 Lakewood Center Mall, Lakewood, CA, 90712

Subway Sandwiches
4210 Woodruff Ave, Lakewood, CA, 90713

Super Mex Restaurant
5254 Faculty Ave, Lakewood, CA, 90712

Taco Bell
5850 Del AMO Blvd, Lakewood, CA, 90713

Taco Bell
5467 Del AMO Blvd, Lakewood, CA, 90712

Take Sushi Inc
12550 Centralia St, Lakewood, CA, 90715

Tantalizingly Thai
11401 Carson St, Lakewood, CA, 90715

Thai Corner Restaurant
2615 Carson St, Lakewood, CA, 90712

Thai Villa Restaurant
5921 South St, Lakewood, CA, 90713

Togo's Eatery
5175 Lakewood Blvd, Lakewood, CA, 90712

Tokyo Grill
403 Lakewood Center Mall, Lakewood, CA, 90712

Tokyo Hibachi
4645 Candlewood St, Lakewood, CA, 90712

Tokyo Wok
4079 Hardwick St, Lakewood, CA, 90712

Venni Mac's M&M Soul Food
2450 Carson St., Lakewood, CA, 90712

Volcano Tea House
500 Lakewood Center Mall, Lakewood, CA, 90712

Wendy's
4314 South St, Lakewood, CA, 90712

Wienerschnitzel
5721 Bellflower, Lakewood, CA, 90712

Wing Stop
5910 Del AMO Blvd, Lakewood, CA, 90713

Yamada Curtis Farmers Ins
2725 Candlewood St, Lakewood, CA, 90712

Yoshinoya
6404 South St. #E, Lakewood, CA, 90713

Yoshinoya Beef Bowl Restaurant
6404 South St, Lakewood, CA, 90713

Z Pizza
3221 Carson St, Lakewood, CA, 90712

Lakewood Accountability Action Group™ LAAG | www.LAAG.us | Lakewood, CA
A California Non Profit Association | Demanding action and accountability from local government™

click here to receive LAAG posts by email