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Latest press releases in Restaurants
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  Hanley Investment Group Lists First Tesco Anchored Shopping Center for $20,425,000
Hanley Investment Group Real Estate Advisors has been awarded the exclusive listing to market the first U.S. Tesco anchored shopping center in Las Vegas, Nevada, Warm Springs Plaza. The shopping center is 96% occupied and is listed for $20,425,000 on behalf of the seller, Woodland Hills-based Toibb Enterprises. In Covina, Calif., Hanley Investment Group has also been awarded the listing for the sale of Grand Covina Plaza, a grocery/drug anchored shopping center at the southwest corner of Grand Avenue and Covina Boulevard. The property is being marketed on a “Best Offer” basis with the deadline for offers to be submitted no later than October 19, 2007. In San Antonio, Texas, Hanley was awarded the listing for the sale of Ingram Square. The asking price is $7,380,000 representing an 8.0% cap rate. In the Inland Empire region of Southern California, Hanley Investment Group was awarded three listings: a portion of Wolf Store Retail Park in Temecula (asking price is $5,750,000); a portion of Archibald’s Plaza in Ontario (asking price is $7,455,000); and a Starbucks anchored retail center in Victorville (asking price is $4,260,000). Retail Real Estate Veteran Bernie Labowitz Joins Gregory Fisher & Present Value Properties, Inc. as Sr. VP
Gregory A. Fisher of Present Value Properties, Inc., a full service retail real estate brokerage, development and consulting firm headquartered in Orange, Calif., announced today that Bernie Labowitz, a 38-year retail real estate veteran and former Vice President of Leasing for World Premier Investments in Santa Ana, Calif., has joined Present Value Properties, Inc. as Senior Vice President. While at World Premier Investments for nearly nine years, Labowitz was responsible for leasing more than one million square feet of large power centers and supermarket/drug anchored shopping centers. Prior to joining World Premier, Labowitz spent more than 20 years working for a variety of retailers and was responsible for many of those retailers' new store rollout programs. Trachman Indevco Breaks Ground on $75 Million Mixed-Use Redevelopment Project in Los Angeles County and is Over 90% Pre-Leased
Trachman Indevco, LLC, a retail real estate investment and development company, broke ground on Citrus Crossing, a 23-acre suburban mixed-use redevelopment project offering shopping, dining, entertainment and on-site living. The new $75 million project, which is already 90 percent pre-leased, is a creative renaissance of an existing 180,000 SF shopping center built in the mid 1950s in the Foothill community of Azusa, Calif. Located at the busy SWC Citrus Avenue and Alosta Avenue, the new development will include 175,000 SF of retail and a 102-new townhome community. Jeremy McChesney of Hanley Investment Group Promoted to Vice President
Hanley Investment 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 that Jeremy S. McChesney has been promoted from senior associate to vice president at Hanley Investment Group. Since McChesney’s career in retail investment sales began in 2000, McChesney has sold over $90,000,000 of retail property throughout Southern California and the western United States. In the past year, McChesney closed transactions such as Shops to Food 4 Less in Moreno Valley for $7,400,000, Buena Park Retail Center in Buena Park for $5,250,000, San Jacinto Plaza in San Jacinto for $4,200,000 and Zitny Plaza in Garden Grove for $3,790,000. KTGY GROUP Principal Greg Lyon Appointed as Judge for 18th Annual SADI Awards Competition Recognizing the Year's Top Retail Designs
Greg Lyon, a principal and lead retail designer with award-winning KTGY GROUP, INC., Architecture+Planning in Santa Monica, Calif., was invited by Retail Traffic magazine to participate as a judge for this year’s Superior Achievement in Design & Imaging (SADI) awards competition. The SADI Awards, now in its 18th year, is a prestigious awards program that recognizes outstanding architectural achievement in retail environments. The winners will be announced in the September issue of Retail Traffic and will be presented with awards at a special ceremony. Hanley Investment Group Sells Two Separate Portions of Grocery/Drug Anchored Shopping Center in Blythe, Calif. for Total of $4,885,000
Hanley Investment Group’s Eric Wohl negotiated the sale of two separate portions of the Blythe Towne Center in Riverside County, Calif. for a total consideration of $4,885,000. Wohl represented the seller in the sale of a 16,100-square-foot portion of Blythe Towne Center in Blythe. The purchase price was $3,175,000, representing a 6.60% cap rate. Wohl also represented the seller in the sale of a 6,000-square-foot portion within the Blythe Towne Center. The purchase price was $1,710,000, representing a 6.98% cap rate. The buyer of both properties was Missouri Plaza LLC of St. Louis, MO, represented by C.K. Yoon of Prudential California Realty in Carlsbad, Calif. Hanley Investment Group Represents Buyer in $11,440,000 Sale of Shopping Center in Fresno, Calif.
Eric P. Wohl of Hanley Investment Group represented the buyer in the sale of Mission Village, a 60,604-square-foot shopping center in Fresno, Calif. The purchase price was $11,440,000, which represented a 6.10% cap rate. Mission Village consists of 25 tenants including Kim's Restaurant, Nextel, Asia Korea Market, Toledo's Mexican Restaurant, Samos Kitchen, Awakenings Salon, Curves, and Permanent Beauty. The property was 95% occupied at the time of sale. Hanley Investment Group Represents Buyer and Seller in the Sale of $16.1 Million Neighborhood Shopping Center in Lompoc, Calif.
Hanley Investment 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 and Kevin T. Fryman of Hanley Investment Group represented the buyer and seller in the sale of a grocery anchored neighborhood shopping center in Lompoc, Calif. for $16,100,000. Located at Central Avenue and L Street, Lompoc Corners is a 96,648-square-foot neighborhood shopping center built in 2000. The property was 100% occupied at the close of escrow. KKE Architects Adds Industry Veteran John Deenihan as Principal & Director of Operations in Pasadena; Deenihan to Expand Client Services in Pasadena & China
Award-winning KKE Architects, Inc., headquartered in Minneapolis, with offices in Pasadena; Las Vegas and Irvine, Calif., announced today the hiring of well-known industry veteran John G. Deenihan, AIA as Principal and Director of Operations for its rapidly growing Pasadena office operations, which now approaches 70 people. With more than 35 years of experience in architecture and interior design, Deenihan was most recently a Principal and Director, Retail Studio for Rothenberg Sawasy Architects, Inc. in Los Angeles and was responsible for establishing the company’s Beijing office in 2002. Deenihan will also be responsible for helping to develop the Pasadena office's diverse portfolio and augmenting KKE's involvement in the China marketplace. Hanley Investment Group Reps Buyer & Seller in $15,700,000 Sale of Commercial Center in Diamond Bar, Calif.
Hanley Investment 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, represented the buyer and seller in the $15,700,000 sale of a multi-tenant commercial center in Diamond Bar, Calif. The 60,022 sq. ft. retail/office property, known as Ranch Center, is located at 800-880 N. Diamond Bar Boulevard. The property was built in 1982 and was 99% occupied at the time of sale. << 3 4 5 6 7 8 9 10 11 >>
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