Latest press releases in Restaurants

Investec Announces Acquisition of $21 Million Shopping Center The Plaza at Sunbow in San Diego
Investec acquired The Plaza at Sunbow in San Diego, California for approximately $21 million. The 100,000 sq.ft. shopping center is anchored by Ralphs and CVS/pharmacy, along with a host of national retailers including Starbucks, McDonald’s, KFC and T-Mobile. The transaction was sourced by Investec as an off-market acquisition opportunity from a private investor. The addition of Sunbow brings Investec’s retail portfolio to nearly 2,000,000 sq.ft. of retail space in California, valued at over $620 million.

Hanley Investment Group Sells Single-Tenant NNN PETCO for $7.8 Million in Denver, CO
Edward B. Hanley and William B. Asher of Hanley Investment Group represented the buyer and seller in the sale of a single-tenant PETCO in Denver, CO. The purchase price was $7,800,000. Built in 1993, PETCO occupies a 23,057 SF building on a 1.4-acre parcel of land.

Hanley Investment Group Sells Two NNN Pad Buildings at Stater Bros. Shopping Center Totaling $5,850,000 in Chino, CA
Edward B. Hanley and William B. Asher of Hanley Investment Group, along with Phil Berry of Commercial West Brokerage, Inc., represented the seller in the sale of two NNN pad buildings in Chino, Calif., for a total consideration of $5,850,000. The pad buildings are located within Stater Bros. Plaza, which includes anchor Stater Bros. and Carl’s Jr., Chase Bank, Juice It Up, Fantastic Sams, Pacific Dental and Subway.

Former Restaurant Owner Releases First Catering Software Designed For Restaurants That Cater
Dedicated catering companies aren’t the only ones in the catering business these days. Rising oil prices, a sluggish economy and shrinking margins are forcing more restaurants to turn to catering to boost their sales and profits

Former Restaurant Owner Releases First Catering Software Designed For Restaurants That Cater
Dedicated catering companies aren’t the only ones in the catering business these days. Rising oil prices, a sluggish economy and shrinking margins are forcing more restaurants to turn to catering to boost their sales and profits

India's Castle Announces New Year's Eve Extravaganza
India's Castle has announced that it will be hosting a New Year's Eve Extravaganza at their Greenwood Village Indian restaurant location.

Teresita's Culinary Tour, A Highly Rated Buenos Aires Attraction, Recently Announced Foodie Tasting Tours Will Be Now Held Twice Weekly
Attendees gain invaluable knowledge of the Argentine culture through its traditional food preparation of local dishes and regional wines guided by expert in Latin American cuisine, Teresita Bella.

Hanley Investment Group Sells Single-Tenant Investment Occupied by One of the Hottest Retailers of the Year
Hanley Investment Group represented the seller in the sale of the fee-simple ownership in the land leased to a single-tenant building occupied by Forever 21 in Calexico, Calif. The purchase price was $5,200,000.

Pittsburgh's Eric Nernberg Returning To Union Grill
Restaurateur Eric Nernberg is heading back home to his Pittsburgh restaurant Union Grill after a six-year hiatus in South East Asia. Although Eric Nernburg has been away, the restaurant has flourished under the head chef.

Hanley Investment Group Sells Two Multi-Tenant Retail Strip Centers Totaling $6,050,000 for Westwood Financial
Hanley Investment Group represented the seller in the sale of two retail properties in Southern California for a total consideration of $6,050,000. The seller was Westwood Financial of Los Angeles.

Hanley Investment Group Sells Multi-Tenant Retail Strip Center in Bellflower, CA for $2,106,000
Kevin T. Fryman and Eric P. Wohl of Hanley Investment Group represented the buyer and seller in the sale of Bellflower Plaza, a 12,155 sq. ft. multi-tenant retail strip center in Bellflower, Calif. The purchase price was $2,106,000, representing a 6.63% cap rate. Built in 1980, Bellflower Plaza was 92% occupied at the time of the sale.

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Celebrity Chef presents coveted title to East Lodge
Celebrity Chef Brian Turner presented East Lodge, leading Peak District hotel and restaurant, with the coveted Derbyshire Food & Drink Silver award for ‘Restaurant of the Year 2009’ at a gala ceremony recently.

Investec Celebrates Opening of First Ground-up Smart & Final Extra! Store and Staples at New $17.5 Million Shopping Center in Palm Springs
Investec Real Estate announces the grand opening of the first ground-up 30,000 sq. ft. Smart & Final Extra! store in Palm Springs at Gene Autry Plaza, Investec's new $17.5 million, 60,000 sq. ft. shopping center. The addition of Gene Autry Plaza to Investec's retail portfolio brings the company's total to nearly 2,000,000 sq. ft. of retail space in California, valued at over $600 million.

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