Latest press releases in Restaurants

Hanley Brown Group Represents Buyer and Seller in $12,425,000 Sale of Cypress Station Shopping Center in Houston, TX
Hanley Brown Group Real Estate Advisors, one of the most dominant retail investment groups in Southern California and a market leader in the sale of retail properties, announced today Edward B. Hanley and Kevin T. Fryman of Hanley Brown Group represented the buyer and seller in the $12,425,000 sale of Cypress Station, a multi-tenant community shopping center in Houston, TX at I-45 and FM 1960 Road West.

Golden Arrow Announces the Onset of it’s Yearly Summer Activities Fest
The Golden Arrow Lakeside Resort announces the start of their yearly summer activities fest for those traveling to or planning a summer vacation in New York. This year they have introduced special packages to celebrate - family togetherness, romance & shopping.

KTGY GROUP Completes Final Design of New High-End, Resort Style Mixed-Use Development in Huntington Beach, CA; Construction is Underway
KTGY GROUP has completed the final design of the retail, entertainment, office and residential portions of Pacific City, a luxurious, mixed-use development located surfside at Pacific Coast Highway (PCH) and First Street in Huntington Beach, CA.

Hanley Brown Group Represents Buyer and Seller in $6,300,000 Sale of High Profile, Street-Front Retail Property in West Los Angeles
Eric P. Wohl of Hanley Brown Group Real Estate Advisors represented the buyer and seller in the sale of a rare multi-tenant, street-front retail property in West Los Angeles, Calif. The purchase price was $6,300,000, which represented one of the highest prices per square foot in the area at $644 per square foot. The 9,785-square-foot street-front retail property is the ground floor space of a 60-unit condominium development located at 12222 Wilshire Boulevard, a high profile location in the heart of the West Los Angeles business district, two blocks west of Bundy Drive. An all cash transaction, the buyer closed on the property in 17 days.

Coreland Companies Adds Two More Associates to its Brokerage Leasing/Sales Department -- Fred Godinez and Brian Wegener
One of the largest real estate service companies based in California, Coreland Companies of Tustin, Calif., has added Fred Godinez and Brian Wegener as Leasing/Sales Associates to the company’s Leasing/Sales Department. Godinez and Wegener will work with Coreland’s existing leasing teams and service the Department’s growing office and retail portfolios as well as identify new third-party office leasing and sales assignments in Southern California.

Falcon Real Estate Enters into Joint Venture with Developer for $25.3 Million Office/Retail Project in Temecula, CA
Falcon Real Estate Investment Company has entered into a joint venture agreement with Transcan Development for the development of the Winchester Commercial Center in Temecula, CA. The 74,166-square-foot mixed-use center will consist of six free-standing office buildings totaling 45,750 square feet and two multi-tenant retail buildings totaling 28,416 square feet. All six office buildings in the center have been pre-sold and the retail portion of the project is about 30% pre-leased. Construction of the center will commence during the second quarter 2007 with a projected completion date of December 2008.

KKE Architects Completes Design Services for Jess Ranch Marketplace Phase II in Apple Valley & Now Under Construction
Award-winning KKE Architects, Inc., headquartered in Minneapolis, with offices in Las Vegas; Pasadena and Irvine, Calif., announced today that the company has completed design services for Jess Ranch Marketplace Phase II in Apple Valley, Calif. and has commenced design, construction drawings and entitlement services for the project’s Phase III. Developed by Malcolm Riley & Associates of Los Angeles, Jess Ranch Marketplace’s Phase II is scheduled to open this fall. Phase III is slated to break ground later this year.

Hanley Brown Group Awarded Prime Santa Clarita Valley Shopping Center Listing Valued at $19,000,000
Hanley Brown Group Real Estate Advisors, one of the most dominant retail investment groups in Southern California and a market leader in the sale of retail properties, announced today it has been awarded the exclusive listing to market Seco Canyon Village Shopping Center in Santa Clarita, Calif. for $19,000,000. Edward B. Hanley of Hanley Brown Group has been named the listing agent. Built in 2005, the CVS/pharmacy anchored center is situated on 4.55 acres and located at the signalized intersection of Copper Hill Drive and Seco Canyon Road.

Hanley Brown Group Closes Three Riverside County Commercial Property Sales Totaling $5,800,000
Hanley Brown Group Real Estate Advisors, one of the most dominant retail investment groups in Southern California and a market leader in the sale of retail properties, announced today the sales of three Riverside County commercial properties for a total consideration of $5,800,000: Jiffy Lube plus self-service car wash in Moreno Valley for $1,900,000; Wienerschnitzel/Tastee Freez/Hungry Howie’s Pizza combo restaurant in Lake Elsinore for $2,700,000 (one of the highest prices per square foot in this area at $846 psf); and a 10,401-square-foot office/retail building in downtown Lake Elsinore for $1,200,000.

Coreland Companies Opens New Office in Salt Lake City, UT & Hires Renee Pugh as Regional Real Estate Manager
Coreland Companies of Tustin, one of the largest real estate service companies based in California, announced today it has opened a new regional office in Salt Lake City, the firm’s first out of state office, and named local real estate management expert Renee Pugh as Regional Real Estate Manager. Coreland’s new office is located at 675 East 2100 South, Suite #100, Salt Lake City, UT 84106; Phone: (801) 466-0177.

Hanley Brown Group and Lee & Associates Represent Buyer and Seller in $9,800,000 Sale of Hemet Neighborhood Shopping Center
Hanley Brown Group Real Estate Advisors, one of the most dominant retail investment groups in Southern California and a market leader in the sale of retail properties, announced today Eric L. Werner of Hanley Brown Group and Brian Bielatowicz of Lee & Associates in Murrieta, Calif., represented the buyer and seller in the sale of a grocery/drug anchored neighborhood shopping center in Hemet, Calif. for $9,800,000. The cap rate was 5.82% and the buyer paid all cash and in 25 days. The sale included four vacant pads providing the buyer the opportunity for future commercial development.

Hanley Brown Group Represents Buyer and Seller in $3,600,000 Sale of Office/Medical Building at 5.6% Cap Rate in San Fernando Valley, Calif. with All Cash, 25-Day Close
Kevin T. Fryman and Eric L. Werner of Hanley Brown Group represented the buyer and seller in the sale of a 29,088-square-foot, multi-tenant office/medical building at 8215 Van Nuys Boulevard in Panorama City, Calif. The purchase price was $3,600,000 representing a 5.6% cap rate. Built in 1958, the subject property is a three-story freestanding building. The property was 61% occupied at the close of escrow.

Rawson, Blum & Leon Closes Escrow on $40 Million Retail/Residential Project in Berkeley, Calif. & Erik Halterman Named New Development Manager
Rawson, Blum & Leon (RBL), specialists in the acquisition, development and management of commercial real estate, announced today that the company closed escrow on a vacant parcel located in Berkeley, Calif. with plans to create a $40 million urban infill, mixed-use residential/retail project. Erik Halterman was also hired as Development Manager allowing the company to more aggressively acquire and develop retail and mixed-use projects. RBL expects to put $150 million in assets into the development pipeline and acquire $30 to $50 million per year of existing assets.

Souza’s Announces Its Re-opening and Steps out As a Socially Responsible Restaurant Reducing the Alcohol Footprint in Vermont
CHEF KELLY Q. DIETRICH and SOUZA'S BRAZILIAN RESTAURANT are leading the field again in Vermont. They have accepted the challenge of becoming more socially responsible members in the Burlington community by taking precedent setting strides in offering free cab rides to those who have had too much to drink. It supports Vermont's zero tolerance policy for drinking and driving.

Hanley Brown Group Closes 4 Orange County Retail Centers at Record Prices Totaling $25,395,000
Hanley Brown Group Real Estate Advisors, one of the most dominant retail investment groups in Southern California and a market leader in the exclusive representation of buyers and sellers in the sale of retail properties, closes escrow on four prominent Orange County shopping centers for a total of $25,395,000. Two properties were located in Huntington Beach; the others were located in Newport Beach and Garden Grove.