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Hanley Investment Urban Retail Advisors Lists Historic Mixed-Use Retail/Office Investment Offered for $23,000,000 at 23-Story Condo Tower The Mercury
Eric Wohl and Carlos Lopez of Hanley Investment Urban Retail Advisors have been awarded the exclusive listing to market The Shops @ The Mercury in Los Angeles, the commercial retail component of a brand new 238-unit residential condominium building, formerly known as the Getty Oil Building, located in the heart of the Wilshire district. The offering is listed for $23 million.

Hanley Investment Group Represents Seller in Sale of $3,115,000 Multi-Tenant Strip Center in Brea, CA -- Record Breaking Cap Rate of 4.7%
Jeremy S. McChesney and Edward B. Hanley of Hanley Investment Group Real Estate Advisors represented the seller in the sale of a multi-tenant strip center in Brea, Calif. The purchase price was $3,115,000, representing a 4.7% cap rate for the sale of Brea Plaza, a 6,576 sq. ft. retail multi-tenant strip center at 401 N. Brea Boulevard.

Hanley Investment Group Represents Seller in Record Breaking Sale of Retail Center in Tustin
A market leader in the sale of retail properties, Hanley Investment Group Real Estate Advisors of Irvine, CA announced today Eric P. Wohl and Edward B. Hanley of Hanley Investment Group represented the seller in the sale of 7-Eleven Plaza, a multi-tenant strip center in Tustin, CA. The purchase price was $3,525,000, representing a record breaking cap rate of 5.7% and $814 psf.

Hanley Investment Group Sells Single-Tenant NNN PFF Bank & Trust for Highest Cap Rate
Hanley Investment Group, with Commercial West Brokerage, represented the buyer and seller in the sale of the land leased to PFF Bank & Trust in Palm Desert. Purchase price was $1,800,000, representing a 5.0 percent cap rate, the highest cap rate for a single-tenant bank building sold in the area. The bank is located at 36975 Cook Street within The Village at University Park, on a newly developed pad.

KTGY Principals to Speak at NAHB 50+ Housing Council International Builders’ Show in Florida; Manny Gonzalez, AIA, Rob Williams, AIA and Brian Muehlbauer to Participate
Three KTGY Group principals, Manny Gonzalez, AIA, Rob Williams, AIA and Brian Muehlbauer, have been invited to speak at the National Association of Home Builders (NAHB) 50+ Housing Council 2008 International Builders’ Show (IBS) in Orlando, Florida, the housing industry’s largest annual light construction trade show and exhibition, attracting more than 100,000 housing professionals. The event will be held on February 13 - 16, 2008 at the Orange County Convention Center and will feature a variety of educational programs focused on the needs and trends of the 50+ housing industry. NAHB 50+ Housing Council will also honor KTGY Principal Manny Gonzalez, AIA for his accomplishments in the 50+ housing industry and award him with the Certified Active Adult Specialist in Housing (CAASH) designation.

KTGY Names Lalaine Tanaka as Principal to Lead Firm’s Hospitality Division
Lalaine Tanaka has joined KTGY GROUP, INC., Architecture and Planning, as principal in the company’s Irvine office. Tanaka will lead KTGY’s Hospitality division. With over 20 years of architectural design experience, Tanaka has been extensively involved with the direction and design of award-winning hospitality, commercial/mixed-use, and resort planning projects throughout the United States. Prior to joining KTGY, Tanaka served as design director for nine years at a major Orange County architectural firm where she was instrumental in developing the company’s acclaimed hospitality design studio and portfolio.

A Valentine's Day Aphrodisiac Prix-Fixe Dinner at Crema Restaurante
Crema Restaurante will host a $65 prix-fixe Valentine's day dinner incorporating aphrodisiacs in its dishes and a complimentary champagne toast. The night will also feature an All Red Cocktail menu with ingredients such as hibiscus, pomegranate, and raspberry's.

Hanley Investment Group Represents Seller in Sale of $5,256,000 Multi-Tenant Shopping Center in Victorville, CA, a 5.13% Cap Rate
Jeremy S. McChesney and Cameron Rafati of Hanley Investment Group Real Estate Advisors represented the seller in the sale of a 26,152-square-foot multi-tenant shopping center, known as Greentree Plaza and located at 13708-13728 Hesperia Road in Victorville, Calif. The purchase price was $5,256,000, representing a 5.13% cap rate. The three-building property was built in 1985, and was 89% occupied at the time of sale.

Hanley Investment Group Represents Buyer and Seller in Sale of $13,700,000 Grocery/Drug Anchored Center in Central California
Edward B. Hanley and Bryan Land of Hanley Investment Group Real Estate Advisors represented the buyer and seller in the sale of Olivewood Plaza, a 96,259-square-foot grocery/drug anchored shopping center located at 202-265 N. Highway 65 in Lindsay (Tulare County), Calif. The purchase price was $13,700,000, representing a 6.0 percent cap rate.

Hanley Investment Group Represents Buyer and Seller in Sale of $12 Million Kroger Anchored Shopping Center in Lawrenceville, Georgia
Kevin T. Fryman of Hanley Investment Group Real Estate Advisors represented the buyer and seller in the sale of an 81,666 sq. ft. grocery-anchored shopping center in Lawrenceville, Georgia. The shopping center, known as Cruse Crossing, is located at 950 Herrington Drive in Lawrenceville (Gwinnett County), Georgia. The purchase price was $12,015,000, representing a 6.74% cap rate.

Highland Development Sells New Carl’s Jr. and AutoZone for $3.46 Million, 5.34% Cap Rate
Highland Development Company sold two newly built, single-tenant leased buildings currently occupied by Carl’s Jr. and soon to be occupied by AutoZone at its new 84,500-square-foot mixed-use retail/office project located at the southwest corner of Panama Lane and Wible Road in Bakersfield, Calif. The purchase price for both assets was approximately $3.46 million, representing a 5.34% cap rate.

Hanley Investment Group Represents Buyer in Sale of Two Single-Tenant Carl’s Jr. Properties in Colorado
Jeremy McChesney and Kevin Fryman of Hanley Investment Group Real Estate Advisors represented the buyer in the sale of two single-tenant NNN Carl’s Jr. properties in Florence and Meridian, Colorado. The collective purchase price for both assets was $3,318,000.

Eric Werner Earns Top Producer Award at Hanley Investment Group and Promoted to Vice President
Hanley Investment Group Real Estate Advisors announced that Eric L. Werner has been promoted from senior associate to vice president at Hanley Investment Group. Werner’s hard work earned him the “Top Producer Award” in 2007 for his exceptional performance in retail investment sales as the #1 Agent at Hanley Investment Group.

Present Value Properties Hires Next Generation’s Real Estate Associates Keri Tabar & Ryan Pate
Present Value Properties hired next generation real estate associates Keri Tabar and Ryan Pate to be based out of the company's City of Orange office. Tabar is the daughter of 20-year retail industry veteran Klaus Tabar, currently director of real estate for Wickes Furniture responsible for new store locations nationwide. Pate is the son of Harsch Investment Properties’ Senior Vice President, Retail Division, James Pate, a 25-year veteran of retail property development and management. Tabar and Pate will serve as real estate associates and join real estate veterans Gregory Fisher and Bernie Labowitz at Present Value Properties.

Hanley Investment Group Sells Two Single-Tenant NNN Hollywood Videos in the Inland Empire For $3,885,000
Hanley Investment Group Real Estate Advisors represented the buyers and seller in the sales of two single-tenant NNN Hollywood Video buildings in the Inland Empire for a total consideration of $3,885,000. Eric L. Werner and Kevin T. Fryman of Hanley Investment Group represented the buyer and seller in the sale of a single-tenant Hollywood Video located at 12252 Perris Boulevard in Moreno Valley, Calif. The purchase price was $1,745,000. Werner and Fryman teamed up with Bryan Land of Hanley Investment Group to represent the buyer and seller in the sale of a single-tenant Hollywood Video located at 1333 E. Foothill Boulevard in Upland. The purchase price was $2,140,000.
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