Latest press releases in Restaurants

Hanley Brown Group Represents Buyer in $4,995,000 Sale of Multi-Tenant Retail Center in Hemet, CA
Hanley Brown Group Real Estate Advisors announced today Eric P. Wohl of Hanley Brown Group represented the buyer in the $4,995,000 sale of Diamond Valley Shopping Center in Hemet, CA. Located at State Street and Stetson Avenue, the 57,818-square-foot shopping center consists of 2 buildings and is situated on 5.14 acres in Riverside County. The property was 83% occupied at the time of sale.

Hanley Brown Group Represents Buyer and Seller in the $3,760,000 Sale of Multi-Tenant Retail Center in San Diego County, CA
Hanley Brown Group Real Estate Advisors announced today that Edward B. Hanley of Hanley Brown Group represented the buyer and seller in the $3,760,000 sale of Santa Fe Crossroads, a 19,730-square-foot shopping center located in Vista, CA. Built in 1987, the shopping center is situated on 1.65 acres at 1450 Santa Fe Avenue and consists of two separate buildings.

Hanley Brown Group Represents Seller in the $1,715,000 Sale of Hollywood Video in San Bernardino County, CA
Hanley Brown Group Real Estate Advisors announced today Eric P. Wohl of Hanley Brown Group represented the seller in the $1,715,000 sale of a single-tenant NNN leased investment with Hollywood Video in Colton, CA. Cap rate was 6.10%. Built in 1968, the 8,000-square-foot pad building is situated on a .48-acre parcel of land at 125 West Valley Blvd.

Hanley Brown Group Represents Seller in the Sale of Single-Tenant Pacific Dental in Riverside, CA; All Cash Transaction Closed in 21 Days at a 5.0% Cap Rate
Hanley Brown Group Real Estate Advisor announced today Edward B. Hanley of Hanley Brown Group represented the seller in the $1,600,000 sale of the fee simple ownership in the land leased to a single-tenant Pacific Dental, a 5,000-square-foot building in Riverside, CA. Situated on a .60-acre parcel of land, Pacific Dental is located at the signalized entrance to Orangecrest Town Center at the SWC of Trautwein Road and Bountiful Avenue. The all cash transaction closed in 21 days at a 5.0% cap rate.

Home Depot to Anchor Panattoni’s 450,000 Sq. Ft. New $90 Million Retail Development in Chino, CA
Home Depot has signed a Purchase and Sale Agreement with Panattoni Development Company for 9.2 acres with plans to open a 106,278-square-foot store plus a 34,760-square-foot garden center at Rancho del Chino, Panattoni’s new $90 million, 450,000-square-foot retail development project located on 42 acres at the NEC of Ramona Avenue and Chino Hills Parkway in Chino, CA. Home Depot plans to open fall 2007.

Hanley Brown Group Represents Buyer & Seller in $1,533,333 Sale of Jack in the Box in La Mirada -- Record Low Cap Rate of 4.5%
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 owners in the sale of retail properties, announced today Kevin T. Fryman of Hanley Brown Group represented the buyer and seller in the $1,533,333 sale of the fee simple ownership in the land leased to a single-tenant Jack in the Box fast-food restaurant. Built in 2000, the 3,100-square-foot single-tenant drive-thru restaurant at 13495 Beach Boulevard in La Mirada, CA sold at a record low cap rate of 4.50%.

Hanley Brown Group Reps Seller in the Sale of Wienerschnitzel/Tastee Freez in Riverside County, CA -- One of the Highest Prices Per SF at $918 PSF
Hanley Brown Group Real Estate Advisors and Lee & Associates represented the seller in the sale of a single-tenant Wienerschnitzel/Tastee Freez fast-food restaurant, a 2,134-square-foot single-tenant drive-thru on Clinton Keith Rd. in Wildomar (Riverside County), CA for $1,960,000. The cap rate was 5.90%, which represented one of the highest prices per square foot in this area at $918 psf.

Hanley Brown Group Represents Seller in $2,300,000 Sale of Multi-Tenant Retail Center in Harbor City, CA
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, announced today Kevin T. Fryman and Edward B. Hanley of Hanley Brown Group represented the seller in the sale of Harbor City Plaza, a 6,589-square-foot multi-tenant retail center at Normandie Avenue and Lomita Boulevard in Harbor City, CA. The purchase price was $2,300,000 at a 5.78% cap rate.

Hanley Brown Group Reps Buyer & Seller in the $12,245,000 Sale of Shopping Center in Yucaipa, CA
Hanley Brown Group Real Estate Advisors announced today that Edward B. Hanley of Hanley Brown Group represented the buyer and seller in the sale of a 90,269-square-foot Stater Bros. anchored retail center in Yucaipa, CA for $12,245,000. Built in 1975, Chapman Heights Shopping Center is located at the NWC of Yucaipa Boulevard and 4th St. The buyer was a family trust based in Orange County, CA. The seller was PASSCO Real Estate Enterprises Inc. of Irvine, CA.

Highland Development Group Hires Arizona Partners David Rose as New Site Acquisitions Director
Highland Development Company, a subsidiary of The Marcus & Millichap Company and a dynamic retail and retail-driven mixed-use development company, announced that David Rose has been named Site Acquisitions Director. Prior to joining Highland, Rose was a Development Partner for Arizona Partners, LLC, where he was responsible for acquisition, development and leasing of commercial and mixed-use properties throughout the southwest, including AZ, CA, NV and UT.

KTGY Moving Forward on Construction Documents for New High-End, 2-Story Retail Development
Award-winning KTGY GROUP, INC., Architecture and Planning announced today that the company is moving forward with construction documents for Bel Mare, a two-level, high-end destination lifestyle center located on Pacific Coast Highway in Newport Beach, Calif. The project, which is expected to break ground in late 2006, includes designers AG Adriano Goldschmied, Multi-Brand Boutique Lisa Kline & Maria Marti.

Top Producer Creates BLog To Reveal Insider Secrets Of Executive Recruiters.
Founder of CEC Search launches a blog that reveals the secrets to working effectively with executive recruiters. The blog is an adjunct to the corporate website and is expected to draw heavy traffic from those interested in learning insider secrets of how to work well with recruiters.

Coreland Hires The River at Rancho Mirage’s Karen Wagner as New Mall Manager at Palm Springs Mall
Coreland Companies, one of the largest privately held commercial real estate service companies based in California and the new property manager for the Palm Springs Mall, recently named Karen A. Wagner as mall manager of the Palm Springs Mall. Wagner brings to Coreland considerable marketing, public relations, operations and financial expertise in large scale shopping centers. Wagner most recently served as the assistant general manager and marketing director for The River at Rancho Mirage, a 227,000-square-foot waterfront shopping and entertainment center.

Coreland Companies Lands 1.2 Million SF in Retail & Office Management Assignments
Coreland Companies of Tustin, Calif., one of the largest privately held commercial real estate service companies based in California, announced today that the company has recently been awarded six new retail and office management contracts totaling more than 1.2 million square feet. The properties, which include Palm Springs Mall, Downey Landing and River Oaks Shopping Center, are located throughout Southern California and Salt Lake City, Utah.

REP Commercial Negotiates Leases for Dollar Tree Store & Blockbuster at Mill Valley Square Shopping Center in Dallas, Oregon
Terry Parker of REP Commercial in Irvine represented both retail tenants and landlord in lease transaction. Dollar Tree Store and Blockbuster signed five year leases at the Mill Valley Square Shopping Center located on West Ellendale Avenue in Dallas, Oregon. Anchored by Safeway and Rite Aid, Mill Valley Square shopping center is now 100% leased.