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| Ryla, a popular South Bay restaurant offering a contemporary menu with a Japanese focus and broad Asian elements |
Los Angeles, CA, Sept. 17, 2024 -- Beta Agency, a leading commercial real estate brokerage, and advisory firm, has completed the sale of a 7,930-square-foot mixed-use property located at 1220 Hermosa Avenue in Hermosa Beach, California to Chez Ray LLC for $6.48 million. The property consists of ground floor restaurant space with residential units above and an adjacent parking area.
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| Simon Mattox |
Beta Agency’s Richard Rizika represented the buyer, Chez Ray LLC. The seller, Laura Arnold and Janice Shukovsky, as Co-Trustees of the Sylvia L. Arnold Revocable Trust, was represented by Simon Mattox of Kidder Matthews.
Mitchell Hernandez
The buyer operates Ryla,
a popular South Bay restaurant offering a contemporary menu with a Japanese
focus and broad Asian elements. The former Laurel Tavern space was transformed
into an innovative restaurant by designer Bells and Whistles with a stunning Tokyo
cocktail bar to the right and two main dining areas to the left that conjure a
dimly lit izakaya.
About Beta Agency
Xan Saks
Beta Agency is a leading commercial real estate advisory firm founded by Richard Rizika, Mitchell Hernandez, and Xan Saks, in 2018.
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| Richard Rizika |
Located in Los Angeles, California, the Beta team provides advisory services to create a competitive advantage in the marketplace. Beta Agency represents over 15 million square feet of retail space throughout California and over 100 brands regionally and nationally.
Contact:
David Ebeling
Ebeling Communications
949.861.8351
949.278.7851 (Cell)
Member of the National Association of Real Estate Editors
(NAREE)
“PR Strategist for
the Commercial Real Estate Industry: I do what I love and love what I do.”
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