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Hanley Investment Group Closes Three Shopping Center Sales at Record Prices Totaling $12,450,000
Hanley Investment Group Real Estate Advisors negotiated the sale of three multi-tenant shopping centers in Southern California for a total consideration of $12,450,000. The sale transactions were at high sale prices per square foot and historically low cap rates, with one property even closing at above the listed price, which further demonstrates that demand has not slowed for well located properties with a quality tenant mix. Recently, Hanley Investment Group represented the buyer and seller in the $47.2 million sale of a high-profile neighborhood shopping center in Chino Hills, Calif.

Hanley Investment Group Represents Buyer and Seller in $47.2 Million Sale of Trophy Neighborhood Shopping Center in Chino Hills, Calif.
Edward Hanley, president of Hanley Investment Group, represented the buyer and seller in the $47.2 million sale of Gateway Village, a high profile neighborhood shopping center in Chino Hills, Calif. The sale of this 96,959-square-foot Henry’s Market anchored shopping center represented a record breaking $487 psf. The property was 100 percent occupied at the time of sale.

Have You Ever Lost Something Important and Wondered What Could Be Done to Retrieve It
Lost keys, PDA devices, MP3 Players, cell phones, eye glass cases are an every day event. It is highly probable that we will lose an item of importance to us, perhaps more than once in our lifetime. How will it impact you if you lost your cell phone with all of your contacts? How long did it take you to put 5,000 songs on your MP3 player? How much money will it cost to replace that set of car keys? Can anything be done to increase the potential of retrieving these items?

Cornwallis Hotel Welcomes New General Manager
Paul Orridge has been appointed as General Manager for Cornwallis hotel in Brome, Suffolk. He has already worked in Cityside hotel and conference group. Paul brought with him huge 24 years experience in the hospitality industry in both the UK and Europe

Hospitality Training Institute Sets New Standards in Service for D.C. Metro Area
On March 1st, 2008, the doors opened at the new Hospitality Training Institute in Alexandria, Virginia. The selection of Hospitality Training Institute courses – available for individuals or institutions – serve up some innovative tactics to educate service staff at Baltimore-D.C. area restaurants, hotels, resorts, casinos, and catering companies.

Hanley Investment Group Awarded Listing to Sell Prime Commercial Development Opportunity on Highway 95 in Idaho
Hanley Investment Group has been awarded the exclusive listing to market for sale a prime commercial development opportunity in Hayden, Idaho. Known as Hayden Crossroads, the 164-acre property is located at the southwest corner of US Highway 95 and Lancaster Road and can be sold in portions as small as 10 to 20 acres. Currently zoned light industrial, the City of Hayden Comprehensive Plan allows for commercial and light industrial uses in an area with a strong need for a project to service both recent residential growth and tourists visiting nearby Coeur d’Alene, the thriving luxury resort and lake community located south of the property. The 164-acre opportunity is listed for $29,575,000 on behalf of the seller, New Frontiers Investments, LLC of Los Angeles, Calif.

Access Payment Solutions Receives Rare Endorsement from Gwinnett Chamber of Commerce as the Chamber's Preferred Credit Card Processor
Credit card processing company receives rare endorsement from one of the largest and most successful chambers in the Southeast

WheresBest.co.uk - UK Local Search Site Launches
UK local search site Where's Best officially launches.

FunkyChunky Celebrates Record Sales By Rewarding Consumers With Biggest Pretzel Sale Ever
FunkyChunky offering a 20 percent sale on all pretzels through Mar. 31. All pretzel sizes including gift baskets are included.

Hanley Investment Group Represents Buyer in Sale of $2,325,000 Multi-Tenant Building in Moreno Valley, CA
Eric Werner of Hanley Investment Group Real Estate Advisors represented the buyer in the sale of a 8,652-square-foot office/retail building in Moreno Valley, Calif. The purchase price was $2,325,000, representing a 6.12% cap rate. Built in 2006, the property is situated on 0.63 acres and was 100 percent occupied at the time of sale.

Hanley Investment Group Sells San Antonio Multi-Tenant Strip Center within Walgreens Anchored Center for Sub-6% Cap Rate
Eric P. Wohl of Hanley Investment Group Real Estate Advisors represented the seller in the sale of a 10,758-square-foot multi-tenant strip center at 2427-2421 Thousand Oaks Drive in San Antonio, Texas. The purchase price was $1,925,000, representing a 5.83% cap rate. The property was built in 1983, and was 78% occupied at the time of sale.

Hanley Investment Group Represents Seller in Sale of $2,800,000 Multi-Tenant Strip Center in Riverside, CA
Eric L. Werner of Hanley Investment Group Real Estate Advisors represented the seller in the sale of a 6,120-square-foot multi-tenant strip center in Riverside, Calif. The purchase price was $2,800,000, representing a 6.48 percent cap rate. Known as University Avenue Retail Center, the property is located at 2308 University Avenue in Riverside, less than one mile from the University Avenue Exit of the 91 Freeway. The property was built in 2007 and was 84% occupied at the time of sale.

Oak City Restaurant Opens in Brooklyn Center, Minn.
Oak City Restaurant, a new restaurant concept, opened its first location on March 3, 2008, at 2590 Freeway Boulevard in Brooklyn Center in a renovated site that was formerly occupied by T.G.I. Fridays.

Marinita Development is Under Construction on New $42 Million Vons “Lifestyle” & CVS/Pharmacy Anchored Shopping Center
Marinita Development Co. is under construction on The Shops at Sycamore Creek, a $42 million, 94,000 SF supermarket/drug anchored shopping center fronting I-15 freeway in Corona, Calif. This is the only approved shopping center in the area with both a full-service grocery and free-standing drug store. The 11.83-acre project, which is nearly 80% pre-leased, will be anchored by Vons “Lifestyle” supermarket, Vons’ Fuel Station and CVS/Pharmacy. The center is expected to be completed in the fall, 2008.

Hanley Investment Group Represents Seller in Sale of $7,380,000 Starbucks-Anchored Retail Center
Kevin Fryman and Bryan Land of Hanley Investment Group Real Estate Advisors represented the seller in the $7,380,000 sale of Archibald’s Plaza, a 15,505 sq. ft. Starbucks-anchored retail center located at 2910 & 2920 Archibald Avenue in Ontario, CA. The property was built in 2005, and was 100 percent occupied at the time of sale.
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