Latest press releases in Restaurants

Hanley Brown Group Awarded 4 New Single Tenant NNN Listings in the Inland Empire Totaling $14.5 Million
Hanley Brown Group Real Estate Advisors of Irvine announced that Hanley Brown Group has been awarded the exclusive listings to market a total of four single tenant NNN properties located in Riverside and San Bernardino counties, Calif. for an aggregate value of approximately $14.5 million. The properties are a Walgreens in Murrieta, Pacific Dental in Riverside, and a Washington Mutual in Riverside and Apple Valley.

New to the Western US -- $175 Million Lifestyle/Retail/Entertainment/Multi-Media Showcase Destination to open in South Gate, Calif.; KTGY GROUP Selected as Architect
- Award-winning KTGY GROUP, INC., Architecture and Planning, has been selected as the architect for The Gateway in South Gate, Calif., a 600,000-square-foot lifestyle, retail and entertainment destination which will be a multi-media showcase unlike any other development in the western United States and located in one of the most densely populated regions of the nation. The $175,000 million project, which is a joint venture between Red Mountain Retail Group of Santa Ana, Calif. and Allied Retail Partners of Newport Beach, Calif., will be a "Celebration of Brands" similar to what is found at New York’s Time Square. The project will feature the latest in digital and graphic technology transforming signage and building faces into spectacular, colossal, kinetic media content and dazzling animated digital displays. The project is slated to be completed by May 2008.

Gregory N. Hoxworth to Lead Highland Development Group as CEO; Michael J. Singelyn Named Director of Development
Highland Development Company, a subsidiary of The Marcus & Millichap Company (TMMC) and a dynamic retail and retail-driven mixed-use development company, announced that Gregory N. Hoxworth has been named Chief Executive Officer and President. Additionally, Michael J. Singelyn has been appointed Director of Development. Hoxworth and Singelyn will be based out of the company’s new headquarters in Pasadena on 80 S. Lake Avenue, Suite 615, Pasadena, CA 91101.

Wilson Commercial Negotiates 7 Retail Leases including Union Bank, UPS Store and Sports Zone Pizza & Grill for a Total Value of More than $4 Million
Wilson Commercial of Los Angeles represented the Landlord in the following retail leases: Union Bank, UPS Store, Sports Zone Pizza & Grill, Red Persimmon Nail & Spa, L&L Hawaiian BBQ restaurant, and Keyvan Sadaghiani, DDS, for a total value of more than $4 Million.

KKE Architects Opens New West Coast Hospitality Division; A.C. Atherton Joins KKE as Principal
Award-winning KKE Architects, Inc., headquartered in Minneapolis, with offices in Las Vegas; Pasadena and Irvine, Calif., announced today that A.C. Atherton has joined KKE as a principal and head of its West Coast Hospitality group. She has over 20 years of experience in resorts and spas, hotels, themed entertainment, sports clubs, retail, mixed-use and large-scale commercial projects, with a strong background in all phases of architecture from planning and programming to design and project management. She will be based out of KKE's Irvine office.

Wilson Commercial Negotiates 10 Retail Leases in So. CA for a Total Value of $6.3 Million
Wilson Commercial Real Estate of Los Angeles, the largest landlord representative brokerage firm representing institutional and professional retail property owners on an exclusive basis in the Southern California marketplace, negotiated 10 retail lease transactions in Southern California for a total value of more than $6.3 million.

Hanley Brown Group Represents Buyer & Seller in $11.4 Million Sale of 48,172 Sq. Ft. Multi-Tenant Retail Center in Las Vegas
Hanley Brown Group Real Estate Advisors' Edward Hanley represented the buyer and seller in the sale of a multi-tenant retail commercial center in Las Vegas, Nevada. The purchase price was $11,440,000 at a 6.6 percent cap rate. The sale was an all cash transaction and the buyer completed their due diligence in ten days and closed on the property in 23 days.

KTGY GROUP Selected as Architect for Bel Mare in Newport Beach, CA — High-End, 2-Story Retail Development on Pacific Coast Highway
Award-winning KTGY GROUP, INC., Architecture and Planning, has been selected as the architect for Bel Mare in Newport Beach, Calif., which is planned as a two-level, high end destination lifestyle center spanning 17 lots on Pacific Coast Highway and supported by two levels of subterranean parking at the busy intersection of Pacific Coast Highway and Dover Drive.

Regency Centers’ National Director of Acquisitions & Dispositions Thomas E. McDonough Joins Kahl & Goveia as Partner
Kahl & Goveia (K&G), a highly successful real estate development, acquisition and management company based in Laguna Beach, CA, announced the addition of retail real estate industry veteran Thomas E. McDonough as partner. He was formerly the national director of acquisitions and dispositions for Regency Centers. During his over 20-year career, McDonough has been directly involved in the acquisition and development of more than $750 million of various commercial properties and land parcels in the U.S. Kahl & Goveia plans to add one million square feet to its existing portfolio.

Coreland Companies Negotiates Leases for Furnitureland in Riverside & Meejana Restaurant in Orange, CA
Coreland Companies of Tustin, CA announced that its Leasing / Sales Division negotiated leases for Furnitureland in Riverside and Meejana Restaurant in Orange. Furnitureland signed a lease renewal for 5 years for 5,353 square feet for a total consideration of approximately $551,787 at Van Buren Plaza. Meejana Restaurant signed a 5-year lease for 3,720 square feet to open an Indian restaurant for a total consideration of $504,767 at North Tustin Plaza.

KKE Architects Expands Client Services — Site Development Coordinator Gary A. Schoeppner Added to KKE
Award-winning KKE Architects, Inc., headquartered in Minneapolis, with offices in Las Vegas; Pasadena and Irvine, Calif., announced today the addition of Gary A. Shoeppner as KKE’s Site Development Coordinator and head of its site development services. The company is expanding services already offered to include assistance to developers and retailers with all aspects of site development coordination.

Hanley Brown Group Represents Buyer and Seller in the $25,100,000 Sale of Community Center Near South Coast Plaza in Santa Ana, Calif.
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 that Edward B. Hanley of Hanley Brown Group represented the buyer and seller in the sale of a 62,800-square-foot community shopping center near South Coast Plaza in Santa Ana, Calif. for $25,100,000. The property, which was built in 1986, is 100 percent occupied.

Coreland Companies Lands Over 1.1 Million SF in New Retail & Office/Medical Management Assignments in So. CA -- Another Exceptional Quarter for Coreland
Coreland Companies of Tustin, Calif., one of the largest privately held real estate service companies based in California, announced that it was awarded six new management assignments in Southern California totaling more than 1.1 million square feet during the last quarter including the Carousel Mall in San Bernardino, Plaza del Sol in Burbank, Brea Plaza in Brea, Westchester Shopping Center in Los Angeles, and Canyon Country Plaza in Canyon Country, plus a portfolio of 12 medical/office properties in the South Bay region.

Hanley Brown Group Represents Seller in the $7.5 Million Sale of Multi-Tenant Retail Center in Temecula, 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 owners in the sale of shopping centers, announced today Edward B. Hanley and Eric L. Werner of Hanley Brown Group represented the seller in the $7.5 million sale of Margarita Square, a multi-tenant leased investment located at the signalized corner of Highway 79 and Margarita Road in Temecula, Calif. The 11,775-square-foot building was sold at a cap rate of 5.35%, which represented one of the highest prices per square foot deals in this area.

Transcan Development Promotes Jeff Adams to Executive Vice President, Development
Transcan Development of Alamo, CA has promoted Jeff Adams to Executive Vice President, Development. Previously, Adams served as the Director of Projects. In this new position, Adams will be responsible for overseeing all aspects of project development. Currently, Transcan is in various stages of planning and development of approximately 3.7 million square feet of mixed-use projects throughout California.