Latest press releases in Investment Services

What's wrong with hedge funds today? - By Ziad Abdelnour, President & CEO Blackhawk Partners, Inc
For those of you who don’t know; a hedge fund is basically a pooled investment vehicle (like a mutual fund) where there are absolutely no constraints on what the investment portfolio manager can do with the money.

Whittlesey Doyle Negotiates $30 Million in Land Sales Totaling 176 Acres and 800 Lots/Proposed Units in New Model Colony in Ontario
Whittlesey Doyle has completed the sale of three separate land transactions in the master planned community New Model Colony in Ontario, Calif., totaling approximately 176 acres, encompassing 800 proposed lots and units, for a total consideration of approximately $30 million. Les Whittlesey, co-founder and principal of Whittlesey Doyle, had the exclusive listings on all three properties and represented both the sellers and buyers in the three transactions.

Hanley Investment Group Sells Orange County Strip Center at Record $720 psf and Lists 10,000 sf Retail Center Adjacent to USC for $5.33 Million
Jeremy S. McChesney of Hanley Investment Group has sold Town Center Plaza, a multi-tenant retail center in Yorba Linda at a record sales price of $720 per square foot, and Patrick G. Kent and Carlos J. Lopez have listed a 10,000 sq. ft. multi-tenant retail center situated immediately adjacent to University of Southern California (USC) in Los Angeles for $5.33 million.

Hodgdon-Miank Construction Completes $2 Million Phase I Renovation at Pierside Pavilion in Huntington Beach
Hodgdon-Miank Construction, Inc. has completed a $2 million major renovation of the Pierside Pavilion, a four-level retail, dining, and office complex located at 300 Pacific Coast Highway in downtown Huntington Beach, Calif. The renovation converted the former Mann 6 Theatre into 33,049 square feet of multi-use Class “A” office and restaurant space and renovated a two-level, 118,790-square-foot subterranean parking structure. Phase two, which will commence shortly, will consist of extensive tenant improvements for new tenants Grupo Gallegos, an award-winning advertising agency, and a live entertainment venue. In late June, Hodgdon-Miank Construction completed tenant improvements at Pierside Pavilion for International retailer Havaianas, which opened its first U.S. location there.

Apia: Rewarding Tennis Fans
Want free tickets to the tennis? Apia day passes to the Medibank International Sydney now available for customers.

Hotel Entrepreneur to Create New Hotel Group in Paris and Reveals Investment Opportunities for the Mid to Long Term
Former CEO of a Parisian hotel group is to create a new group of hotels and is seeking financiers who wish to invest in the Parisian hotel market.

RAMS Expands Its Customer Service Network To South Australia
South Australia will soon get its first face-to-face RAMS Home Loan centre in the Southern Vales area.

TaxWatch Canada LLP Assists Taxpayers Qualify for Tax Refunds for Often Ignored Allowable Business Investment Losses (ABIL)
Many taxpayers in Canada fail to realize that lost investments or loans to a private Canadian Corporation can be claimed as a tax refund on any type of taxable income of the investor.

Coreland Companies Negotiates Four Retail Leases for 50,000+SF and Valued at Nearly $4 Million
The brokerage division of Coreland Companies has negotiated four retail lease transactions in Southern California during the third quarter of 2010, totaling more than 50,000 sq. ft., with a total value of nearly $4 million. Coreland represented the property ownership in all four transactions.

Coreland Companies Negotiates Sale of $5.75M Auto Dealership in Orange County, Calif.
Bryan Bauer of Coreland Companies represented the seller in the sale of a 3.3-acre vacant auto dealership in the 50+ acre, 14-dealership Santa Ana Auto Mall in Santa Ana, Calif. The purchase price was $5,750,000.

QualityFirst Commercial Real Estate Announces the Successful Purchase of a San Diego Industrial Building
Peter Wright and Steven Martini of QualityFirst Commercial Real Estate Corp. Announce the Successful Purchase of a San Diego Industrial Building. Built in 1953, the 10,000 square foot building sits on a 13,000 square foot lot located at Commercial and 21st Streets in the up and coming area of Logan Heights. The building proudly features high ceilings, two loading docks and four roll up doors. From 1955 - 1966 the building was occupied by a beer and wine distributor and from 1970 - 1999 was utilized by a local produce company. From 1999 until 2010, it was occupied by Aztec Appliance for storage.

Whittlesey Doyle Negotiates the Sale of 335 Acres of Land and 1,500+ Lots/Homes in Southern California for $39 Million in 8 Transactions
In the last 60 days, Whittlesey Doyle has negotiated the sale of eight separate land transactions located throughout Southern California totaling approximately 335 acres, encompassing over 1,500 lots and units, for a total consideration of more than $39 million. At one end of the spectrum, Whittlesey Doyle sold a graded super pad site in Temecula to a builder for a project that will open for sales next year, and, at the other end, a raw un-entitled land site sold to an investor doing an assemblage in the Banning market. Land values have reset to 2003/2004 levels and builders who stopped buying land two to three years ago, are now entering the market to refill their land positions.

Hanley Investment Group Represents Buyer in Purchase of Commercial Building in Mission Viejo, CA for $2,900,000
William B. Asher of Hanley Investment Group represented the buyer in the purchase of a free-standing commercial building in Mission Viejo, Calif., for a total consideration of $2,900,000. Located at 27856 Center Drive, the 11,460-square-foot building is situated within the Home Depot anchored Crown Commerce Center. The property was built in 1991 and was vacant at the time of the sale.

KTGY-designed $137 Million UC-Irvine Student Housing Project Phase III Complete
Construction is complete for Phase III of the $137 million East Campus Student Housing Project at the University of California, Irvine (UCI). Designed by KTGY and developed by American Campus Communities, the phase added a total of 1,760 beds to UCI's on-campus inventory plus a seven-level parking garage. The new LEED Gold certified campus project highlights the many new amenities and green features that will be the new benchmark for future campus developments across the U.S. This is KTGY's third student housing project at UCI, which brings the total number of KTGY-designed housing at UCI to nearly 5,000 beds.

Investec Sells Carpinteria Residential Project for $10 Million
Investec Real Estate Companies has sold the 12-acre residential portion of Lagunitas, a fully-entitled 25-acre mixed-use residential/office development for $10 million. Located in Carpinteria, Calif., just off the 101 Freeway, less than a mile from the ocean on 6380 Via Real, the new owner expects to commence the construction of 37 single-family detached homes, 25 town homes and 11 affordable units beginning as soon as fall 2011. Investec retained the 13-acre office component.