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Latest press releases in Finance
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  Hanley Investment Group Sells 99 Cents Only Anchored Shopping Center for $4,827,000 in Las Vegas
Eric P. Wohl and Edward B. Hanley of Hanley Investment Group represented the buyer and seller in the sale of a 27,300-square-foot shopping center in Las Vegas. The purchase price was $4,827,000, representing $177 per square foot. Tenants include 99 Cents Only, Burger King (ground lease), LaunderLand and Moneytree. The property was built in 2003 and was 100 percent occupied at the time of sale. Hodgdon Group Represents Ashley Furniture in Purchase of Former Circuit City Building in Hawthorne
Aaron Hodgdon of Hodgdon Group Realty represented Ashley Furniture Industries, Inc. in the acquisition of a former Circuit City building in Hawthorne, CA. The Hodgdon companies have been working with Ashley for a decade on various real estate and construction projects. Located in the South Bay area of Los Angeles County at 14600 Ocean Gate Avenue in Hawthorne, the 33,952-square-foot retail building faces the 405 Freeway, and is just off of Rosecrans Avenue, a major thoroughfare and freeway off ramp. Hanley Investment Group Hires Industry Veteran Patrick G. Kent as Senior Vice President
Patrick G. Kent, former director at Faris Lee Investments, has joined Hanley Investment Group Real Estate Advisors as a senior vice president. Kent has more than 20 years of industry experience and has closed countless investment sales transactions with total sales in excess of over $500 million dollars. Kent has achieved incredible success exclusively representing individual investors, developers, lending institutions, and 1031 exchange buyers and sellers. Kent continues to maintain very strong relationships in the business by utilizing his commercial real estate financing background combined with his retail investment sales expertise. Coreland Companies Negotiates Two Leases in Orange County Valued at $3 Million
Coreland Companies’ leasing / sales division has negotiated two leases in Orange County for a total value of more than $3 million. Coreland negotiated a 20,362 SF, 10-year, $2 million retail lease with Planet Fitness at Euclid Shopping Center, located at 1620 W. Katella Avenue in Anaheim. Planet Fitness is slated to open in June 2010. Also, Coreland negotiated a 7,193 SF, 72-month, $1.0 million lease with Phoenix Group Information Systems at the Main Street Town Center, a 215,000-square-foot Class A office building located at 2677 Main Street in Santa Ana. The Phoenix Group, which will join Aetna and Morgan Stanley as tenants, will take possession of the office space in April 2010. Coreland is the exclusive leasing agent for both properties. The Muller Company Adds Two Commercial Real Estate Industry Veterans to Expand its Corporate Ranks
The Muller Company, specializing in managing, investing and developing commercial real estate in the western United States, has added Lori Ann Haigh as the new Director of Business Development; and Susan G. Rosenblatt as Director of Asset Management. Previously, Haigh was the Vice President of National Sales at First American Title; and Rosenblatt was the Senior Vice President at Wells Fargo Bank. These additions will assist The Muller Company in expanding its business platform and growing its current portfolio of nearly 11 million square feet under management in California and the Phoenix markets. Hanley Investment Group Sells Multi-Tenant Retail Strip Center in Orange County, Calif. for $3,000,000
Edward B. Hanley and Eric P. Wohl of Hanley Investment Group Real Estate Advisors represented the seller in the sale of Walnut Newport Center, a 9,597 sq.ft. multi-tenant retail strip center located at 13842 Newport Avenue in Tustin, Calif. The purchase price was $2,990,007, representing $312 psf. Built in 1986, the four-tenant strip center is anchored by Blockbuster Video and is situated on a 0.74 acre parcel of land. The center was 100 percent occupied at the time of sale. Deltastock Has New Free Economic Web Resources to Share
Deltastock announces its new proposal to website owners, who are looking for professional and updated economic information to share with their visitors. The company is offering free web resources, which include: Daily Economic Calendar, Currency Converter, Forex Quotes and Daily Forex Technical Analyses. Soon the following free resources will also be available: interest rates, indices and futures. Hanley Investment Groups Sells Single-Tenant NNN Red Robin Restaurant in Riverside County for $2,040,000
Hanley Investment Group Real Estate Advisors represented the seller in the sale of the fee-simple ownership in the land leased to a single-tenant NNN Red Robin Restaurant in Menifee, Calif. The purchase price was $2,040,000. Located at 30142 Haun Road in Menifee, the single-tenant Red Robin Restaurant is a pad building situated within Countryside Marketplace, the dominant power center in the region anchored by Super Target, Lowe’s, Kohl’s, Best Buy, Staples and Michaels. 1 2 3 4 5 6 7 8 >>
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