Press releases for retail investment

Retail Investment Specialist Mehran Foroughi Joins Colliers International (2009-04-20)
Established retail investment specialist, Mehran Foroughi, has joined Colliers International’s Irvine office as a Senior Vice President.

Hanley Brown Group and Lee & Associates Represent Buyer and Seller in $9,800,000 Sale of Hemet Neighborhood Shopping Center (2007-03-15)
Hanley Brown 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 of Hanley Brown Group and Brian Bielatowicz of Lee & Associates in Murrieta, Calif., represented the buyer and seller in the sale of a grocery/drug anchored neighborhood shopping center in Hemet, Calif. for $9,800,000. The cap rate was 5.82% and the buyer paid all cash and in 25 days. The sale included four vacant pads providing the buyer the opportunity for future commercial development.

Eric Wohl of Hanley Brown Group Promoted to Vice President and Featured in Real Estate Southern California Magazine’s "30 Under 30" (2007-03-13)
Hanley Brown 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 that Eric P. Wohl has been promoted from Senior Associate to Vice President at Hanley Brown Group and was named one of the “30 Under 30” leading players in Southern California’s Commercial Real Estate Industry by Real Estate Southern California magazine.

Hanley Brown Group Breaks Records in Inland Empire with Sale of Two Washington Mutual Buildings -- $640 PSF & $592 PSF (2007-01-29)
Hanley Brown Group Real Estate Advisors’ Edward B. Hanley represented the sellers in the sale of two single-tenant NNN Washington Mutual bank buildings. Both properties, one in Riverside and the other in Apple Valley, sold at a record high price per square foot and record low cap rate.

Hanley Brown Group Represents Seller in the $6,785,000 Sale of Walgreens in Murrieta, CA (2006-11-07)
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 Edward B. Hanley of Hanley Brown Group represented the seller in the $6,785,000 sale of a single-tenant Walgreens, an approximate 10,000 sq. ft. building situated on 1.15 acres at 40735 California Oaks Road within the California Oaks Shopping Center in Murrieta, Calif. The cap rate was 5.75%.

Hanley Brown Group Represents Buyer and Seller in the $3,760,000 Sale of Multi-Tenant Retail Center in San Diego County, CA (2006-10-10)
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 (2006-10-10)
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 (2006-10-10)
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.

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 (2006-09-30)
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 (2006-09-30)
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 (2006-09-30)
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.

Hanley Brown Group Represents Buyer & Seller in $3,500,000 Sale of Neighborhood Shopping Center in Riverside County, CA (2006-08-15)
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 centers, announced today Jeremy McChesney and Eric Werner of Hanley Brown Group represented the buyer and seller in the sale of a 14,400-square-foot neighborhood shopping center in Riverside County, CA. The purchase price was $3,500,000 at a 6.98% cap rate. Built in 1981, the 100% occupied property is located at the intersection of San Jacinto Avenue and Esplanade Avenue in San Jacinto.

Hanley Brown Group Represents Buyer & Seller in $11.4 Million Sale of 48,172 Sq. Ft. Multi-Tenant Retail Center in Las Vegas (2006-06-16)
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.

Hanley Brown Group Represents Buyer & Seller in $1,585,000 Sale of 7,430 Sq. Ft. Strip Center in Riverside, CA (2006-05-11)
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 Eric Werner of Hanley Brown Group represented the buyer and seller in the $1,585,000 sale of a 7,430-square-foot strip center at 5300 Arlington Avenue in Riverside, CA.

Hanley Brown Group Represents Buyer and Seller in the $25,100,000 Sale of Community Center Near South Coast Plaza in Santa Ana, Calif. (2006-04-03)
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.