West Hive Capital Executes Successful Business Plan on Retail Center in Rancho Palos Verdes

In January 2026, West Hive Capital, a prominent real estate investment firm based in Irvine, CA, successfully sold the Western Plaza, a neighborhood retail center in Rancho Palos Verdes, California, for an impressive $24.5 million. This sale marked a significant leap from their original acquisition price of $8.4 million in 2024. The transaction underscores West Hive Capital’s expertise in transforming underperforming retail properties into vibrant commercial assets through strategic investment and redevelopment.

Strategic Acquisition and Vision

Founded by industry veterans Kyle Gorman and Brandon Lehman, West Hive Capital focuses on value-add retail investments throughout the Southwestern United States. When acquiring Western Plaza, they recognized the potential for revitalization in the 28,190-square-foot shopping center, originally developed in the 1950s. Situated at the bustling intersection of Western Avenue and Trudie Drive, the center presented challenges typical of older retail properties, but West Hive’s vision for a comprehensive redevelopment plan aimed to address these issues head-on.

Comprehensive Redevelopment Efforts

Upon acquiring Western Plaza, West Hive Capital initiated a full-scale redevelopment process. This involved modernizing the exterior façade, upgrading essential building systems, and making significant site and parking improvements. A notable feature of the redevelopment was the addition of a 4,000-square-foot outdoor dining plaza, strategically designed to attract food and beverage tenants, which has become a focal point for patrons. By enhancing the physical infrastructure, West Hive aimed not only to improve aesthetics but also to create a more functional environment that meets the evolving needs of the community.

Strategic Re-Merchandising

In tandem with the physical upgrades, West Hive Capital undertook a re-merchandising strategy to align the tenant mix with the daily needs and preferences of local residents. This effort led to the introduction of a diverse range of new tenants, including well-known brands like O’Reilly Auto Parts, The Habit Burger Grill, and Mattress Firm, as well as unique local establishments such as Koi Ramen and Pure Bean Coffee. By carefully curating the tenant lineup, West Hive Capital ensured that Western Plaza became a go-to destination for shopping and dining, fulfilling the community’s needs while driving foot traffic to the center.

Commitment to Quality and Standards

Kyle Gorman emphasized the firm’s commitment to improving core infrastructure rather than simply cosmetic enhancements. His approach reflects West Hive Capital’s overall philosophy of making meaningful investments that enhance property value and tenant experience. By not just applying “lipstick” but addressing foundational issues, West Hive aims to set new standards for future redevelopment projects. This meticulous attention to detail has helped establish their reputation within the competitive real estate market.

Market Relevance and Investor Attraction

According to Brandon Lehman, Western Plaza exemplifies West Hive Capital’s strategy of targeting well-located retail centers and driving value through thoughtful capital investments that align with the surrounding community’s needs. This strategic focus has resonated with both private and institutional investors, signaling confidence in West Hive’s ability to deliver results. Their successful exit from the Western Plaza investment reinforces their capability and strengthens their position in the retail investment landscape.

Future Growth and Regional Expansion

Looking ahead, West Hive Capital is focused on continuing its growth trajectory in the Southwestern real estate market. By honing their expertise in value-add retail investments, they aim to expand their footprint and tackle new opportunities in the region. As they look to replicate the success of Western Plaza, the firm remains committed to enhancing community-oriented retail spaces that serve both investors and consumers alike.

In conclusion, West Hive Capital’s successful execution of its business plan for the Western Plaza retail center illustrates the power of strategic investment, comprehensive redevelopment, and community focus in the real estate market. Their ability to transform a struggling property into a thriving retail center not only demonstrates their proficiency but also sets them apart in a competitive marketplace. As they continue to evolve, West Hive Capital is poised for future success in retail real estate investment, firmly establishing their reputation as industry leaders.