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Latest press releases in Investment Services
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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. Income Investing Secrets Launched on Amazon
The only book dedicated to investing 100% for income is now available on Amazon in a trade paperback edition. Other books cover income investments, but keep within the mainstream framework that investors should first of all invest for capital gains. 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. 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. Stephen Modica of Your Net Biz Announces, He has Joined the Turnkey Marketing Group
Stephen Modica of Your Net Biz, has announced that he is now a member of Turnkey Marketing Group. He feels this group in one of the best groups to be involved with if one wants to really learn how to create an online presence and market effectively. The 4-step marketing system is a methodical effective way to achieve your marketing goals.
Investec Announces Acquisition of $21 Million Shopping Center The Plaza at Sunbow in San Diego
Investec acquired The Plaza at Sunbow in San Diego, California for approximately $21 million. The 100,000 sq.ft. shopping center is anchored by Ralphs and CVS/pharmacy, along with a host of national retailers including Starbucks, McDonald’s, KFC and T-Mobile. The transaction was sourced by Investec as an off-market acquisition opportunity from a private investor. The addition of Sunbow brings Investec’s retail portfolio to nearly 2,000,000 sq.ft. of retail space in California, valued at over $620 million. 1 2 3 4 5 6 7 8 >>
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