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Upland Village_SM

Hanley Investment Group Completes Sale of Grocery-Anchored Shopping Center in Upland, Calif. for $17.2...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm completed the sale of Upland Village, a 60,857-square-foot grocery-anchored shopping center in Upland, Calif. The sale price of $17.2 million represented a cap rate of 5.83 percent, a record low cap rate for a stabilized grocery-anchored shopping center in the Inland Empire.
ULTA Rendering

Hanley Investment Group and Coldwell Banker DuFour Realty Arrange Sale of New Single-Tenant ULTA...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, in conjunction with Coldwell Banker DuFour Realty, announced today that the two firms completed the sale of a new construction single-tenant net-leased retail property occupied by ULTA Beauty at 2068 Dr. Martin Luther King Jr. Parkway in Chico, Calif. The sales price could not be disclosed.
SilverLakeCollection

CBRE’s Philip D. Voorhees and NRP-West Team Complete Silver Lake Collection Sale for $13.30...

CBRE Executive Vice President Philip D. Voorhees announced today that he and his National Retail Partners – West (NRP-West) team completed the sale of Silver Lake Collection, 10,497 square-feet of urban street-front in the Silver Lake enclave in the city of Los Angeles, Calif. Situated in “Sunset Junction,” the property is 100% leased to three contemporary restaurant and beverage tenants. The sale price was $13.30 million.
KTGY_Muir Pointe

KTGY-designed Muir Pointe in Hercules Expects to Open Models in Early 2017

International award-winning firm KTGY Architecture + Planning is pleased to announce that Muir Pointe featuring 144 single-family homes within two neighborhoods, The Cove and The Tides, will be the newest residential community to open at the 106-acre Bayside master-planned community in the city of Hercules, Calif. Built by Taylor Morrison, a leading national homebuilder and developer, and designed by KTGY, Muir Pointe’s waterfront location offers easy access to freeways and public transportation and provides a convenient commute to major employment centers in the San Francisco Bay Area. Models for the new community are currently under construction and are slated to open in February 2017.
Preliminary Site

New Owners Unveil Revitalization Plan for East Hills Mall in Bakersfield, Calif.

Local developers C & C Properties, Inc. and MarkChris Investments announced their plans for the revitalization of East Hills Mall in Bakersfield, Calif. The vision is to transform the enclosed mall into an exciting, destination open-air lifestyle center offering a collection of restaurants, shopping and entertainment in 350,000 square feet. A new, state-of-the-art, movie theater complex will serve as the centerpiece of the new development.

Rep. Peters Named to Influential Energy and Commerce Committee for 115th Congress

U.S. Congressman Scott Peters (CA-52) was selected by his Democratic colleagues to serve on the House Energy and Commerce Committee during the 115th Congress. The committee has jurisdiction over legislation and regulation pertaining to energy and the environment, healthcare, telecommunications, and interstate commerce, making it one of the most influential policy-making bodies in Congress.
2626 Hanover

Meridian Completes $4 Million Repositioning of 12,500 SF General Office Building in Palo Alto,...

Meridian, a full-service real estate developer and owner of general and medical office real estate, is pleased to announce that it has completed the repositioning of a 12,500-square-foot single-tenant office building located in Santa Clara County at 2626 Hanover Street in Palo Alto, Calif. The building is located in the Stanford Research Park.
Artisan Alley_01

KTGY-Designed Artisan Alley Wins Approval from City Council and Planning Commission

International award-winning KTGY Architecture + Planning announced today that Orange County-based Civic Partners, the developer of Artisan Alley at The Diamond, a unique retail development located in western Riverside County in the City of Lake Elsinore, Calif., designed by KTGY, recently received approval from the city council and planning commission.
1000 Marina

Meridian Buys 105,000 SF Office Building in San Mateo County for $29 Million

Meridian, a full-service office property developer in California, is pleased to announce the purchase of 1000 Marina, a six-story 105,000-square-foot office building in San Mateo County, Calif. The seller was TA Associates, a private equity firm based in Boston, Massachusetts. Meridian paid just under $29 million for the 90%-leased building located in the Sierra Point Submarket in the city of Brisbane.
481 on Mathilda

SummerHill Apartment Communities to Celebrate Completion of New Live-Work-Play Apartment Community in Sunnyvale, Calif.

SummerHill Apartment Communities, a division of SummerHill Housing Group and a leader in providing quality, smart growth, multi-family rental housing and mixed-use developments, announces the completion of 481 on Mathilda, a new 105-unit luxury residential rental community in downtown Sunnyvale, Calif. The completion celebration will be held on Wednesday, December 7, 2016, from 3:00 p.m. – 5:00 p.m., at 481 South Mathilda, between Olive and Iowa streets, in the City of Sunnyvale.
Westwood Medical Plaza

The Muller Company’s Westwood Medical Plaza in Los Angeles and Taj Mahal Medical Center...

The Muller Company, a full-service real estate company specializing in management, investment and development of commercial real estate in the western United States, announced today that two Southern California medical office buildings owned and managed by The Muller Company have received the 2016 The Outstanding Building of the Year® (TOBY) Award by the Building Owners and Managers Association (BOMA) in each of their respective markets.
RJ Sommerdyke

R.J. Sommerdyke Joins Meridian Healthcare Acquisition Team

Meridian, a full-service real estate developer specializing in acquiring and developing real estate facilities for the healthcare sector, announced today that R.J. Sommerdyke has joined the company’s acquisition team in Southern California. Sommerdyke will play a key role in expanding Meridian’s platform of acquiring value-add healthcare properties throughout Southern California.
Sacramento_SouthgatePlaza_walmart

CBRE’s Philip D. Voorhees and NRIG-West Team Complete Sale of Southgate Plaza in Sacramento,...

CBRE Executive Vice President Philip D. Voorhees announced today that he, Jimmy Slusher and their National Retail Investment Group – West (NRIG-West) team completed the sale of Southgate Plaza, a 339,369-square-foot grocery-anchored shopping center in Sacramento, Calif., leased to three high-performing grocers, Walmart Neighborhood Market, 99 Ranch Market and 99 Cents Only, along with a complementary mix of co-tenants including, Ross Dress for Less, Skechers, Baskin Robbins, Sally Beauty, Payless Shoe Source, Chase Bank, Farmer & Merchants Bank, Taco Bell, H&R Block and others.
Steve Patterson

Central Valley Builders Supply Doubles Down With Simpson Strong-Tie

In an environment that is experiencing changing demographics, a shrinking workforce, and reduced spending, the conventional wisdom is that brick and mortar retail building supply companies should be shying away from the big box format, opting instead for smaller formats with leaner inventories.
Meridian Palmdale

Meridian Sells Dialysis Clinic in Palmdale, Calif. for $6.97 Million, 5.0% Cap Rate

Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that it has closed escrow on the sale of its 13,750-square-foot dialysis clinic in Palmdale, Calif. The purchase price was $6.97 million, representing a cap rate of 5.0%. This is the second dialysis clinic that Meridian has sold this year. Earlier this year, Meridian sold a similar clinic in San Rafael, Calif.
Solaris Apartments

Thompson | Dorfman Partners Doubles its Money on Sale of Apartment Community in Hayward,...

Thompson | Dorfman Partners, LLC (TDP), a San Francisco Bay Area real estate development and investment firm, through its TDT Ventures (TDT) subsidiary, and equity partner, BayNorth Capital of Boston, announced today that the venture sold a 68-unit apartment community in Alameda County, Calif., for $14,268,000, representing $209,824 per unit; $307 per square foot. TDT purchased Solaris Apartments in 2008 for $7.1 million.
South Lake Ave Aerial

Hanley Investment Group Lists Rare Five-Acre Fee-Simple Ground Lease on South Lake Avenue in...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm is marketing for sale a rare fee-simple ground-lease opportunity on South Lake Avenue in Pasadena, Calif. The offering, which is currently unpriced, is for the fee-simple land underlying The Shops on Lake Avenue retail and parking and is shadow-anchored by Macy’s.
Evelyn Family Apts

ROEM Brings 116 New, Affordable, Multifamily Apartments to Mountain View

ROEM Development Corporation celebrated the groundbreaking of Evelyn Family Apartments on Wednesday, October 19. Located at the southwest intersection of East Evelyn Avenue and South Bernardo Avenue in the City of Mountain View, Evelyn Family Apartments will be an affordable multifamily apartment community on a 1.93 acre site. The development will offer studio, one, two and three-bedroom apartments to families making up to 60 percent of the Santa Clara County Area Median Income.
Krispy3a

Hanley Investment Group Lists For Sale Brand New Two-Tenant NNN Retail Property in Oxnard...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm is marketing for sale a newly-constructed two-tenant retail building occupied by WSS (Warehouse Shoe Sale) and Krispy Kreme Doughnuts, located at the signalized intersection of Vineyard Avenue and Riverpark Boulevard in Oxnard, Calif
ROEM Baldwin Park

New ROEM $27 Million Transit-Oriented, Sustainable Apartments Celebrate Grand Opening in Baldwin Park

On Thursday, October 13, 2016, the City of Baldwin Park and ROEM Corporation celebrated the grand opening of Metro Village. Located at the northeast corner of Ramona Boulevard and Maine Avenue, Metro Village is a new construction, mixed-use, affordable multifamily apartment community on a 1.01-acre site. Metro Village offers one, two, and three-bedroom apartments affordable to families making 60 percent or less of the Los Angeles County Area Median Income and 5,500 square feet of commerce retail space.

Popular Government & Nonprofit Press Releases

South Cove

South Cove, First New For-Sale Residential Development in Dana Point to...

KTGY-designed seaside living offers three unique residential styles, many with rooftop decks and ocean views: townhomes, twin homes and single-level living flats in Orange County. International award-winning firm KTGY Architecture + Planning is pleased to announce the recent opening of the KTGY-designed residential models at South Cove in Dana Point, California.

Recent Government & Nonprofit Press Releases

EPA requires Granite Rock to control stormwater runoff, improve oil spill...

The U.S. Environmental Protection Agency has reached a settlement with Granite Rock Company over Clean Water Act violations at three of its road materials manufacturing and recycling facilities in Northern California. The agreement requires the company to pay a $102,051 penalty to address stormwater discharge violations at two of its Redwood City facilities and oil pollution prevention violations at a facility in Aromas. Granite Rock will also complete a watershed cleanup project as part of the settlement.