Press Releases

Press Releases
SolanaBeach_Beachwalk

CBRE National Retail Partners West Completes Sale of BeachWalk in Solana Beach

CBRE’s John Read announced that his National Retail Partners – West (NRP-West) team along with Reg Kobzi in CBRE’s San Diego office completed the sale of BeachWalk, a 54,973 square-foot coastal retail center in the city of Solana Beach, Calif. Situated along Highway 101, the property is steps to the Pacific Ocean, walking distance to the Cedros Design District and Amtrak Train Station, and less than a mile from the world famous Del Mar Fairgrounds, site of the Del Mar Racetrack. The sale price was $33.25 million. More...
McAlister's

Hanley Investment Group Completes Sale of Two Multi-Tenant Pad Transactions in Kansas City Metro...

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 two new construction multi-tenant pad buildings in separate transactions in the Kansas City metro area. The total purchase price for both properties was $5,430,000.
Lawrence Station_

SummerHill Housing Group Announces 994-Unit Mixed-use Master Plan Development on 27 Acres Located within...

SummerHill Housing Group, the umbrella organization for SummerHill Homes, an award-winning residential builder, and SummerHill Apartment Communities, an apartment, mixed-use infill rental housing developer, announced today its plans to develop 994 residential units in the 65+/-Lawrence Station Area Plan in Santa Clara, California. Located on nearly 27 acres bounded by Lawrence Expressway, Central Expressway and Kifer Road, SummerHill has named this exciting new development Nuev. More...
Rite-Aid_Menifee

Hanley Investment Group Arranges Sale of Single-Tenant NNN Rite Aid in Menifee, Calif., for...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, arranged the sale of a new single-tenant absolute net-lease Rite Aid property located at 28995 Newport Road in Menifee, Calif. The purchase price was $9 million, which represented a cap rate of 4.72 percent. More...
South Lake Ave

Hanley Investment Group Arranges Sale of Rare Five-Acre Fee-Simple Ground Lease on South Lake...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today the firm completed the sale of a rare fee-simple ground lease underlying The Shops on Lake Avenue retail and parking on South Lake Avenue in Pasadena, Calif. The property is shadow-anchored by Macy’s. The terms of the sale could not be disclosed.
Ryan Flautz

Ryan Flautz Named Associate Principal at KTGY Architecture + Planning

International award-winning firm KTGY Architecture + Planning is pleased to announce the promotion of Ryan Flautz to associate principal at KTGY Architecture + Planning. Flautz joined KTGY in 2011 and has more than 25 years of residential design and project management experience. Flautz formerly served as executive director, production in KTGY’s Los Angeles office.
Arcadia Gateway

Hanley Investment Group Arranges Sale of 156,000 SF Mixed-Use Retail Center for $62 Million...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in investment property sales, announced today that the firm arranged the sale of Arcadia Gateway Center, a 156,046-square-foot, mixed-use commercial center comprised of retail, medical and office building
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.
Ron Penir-OpesAdvisors

Opes Advisors named Top Purchase Lender in San Luis Obispo County for second consecutive...

Real Estate Market Reports named Opes Advisors as San Luis Obispo County’s leading purchase lender for 2016. The company handled a total of 282 home purchases and 201 refinances last year, placing it in the top spot among local lenders for the second consecutive year
Dave Kreske

Dave Kreske Joins Meridian as Vice President of Construction

Meridian, a full-service real estate developer specializing in acquiring and developing real estate facilities, expands its construction division with the addition of David Kreske, a well-respected construction professional with a successful track record of over 25 years in construction management. In his new role as Vice President of Construction, Kreske will lead the construction project management team as the team drives the pre-development and construction phases of Meridian’s new ground-up development and value-add redevelopment general and medical office projects in the western U.S
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.

AGUILAR ASSIGNED TO HOUSE APPROPRIATIONS SUBCOMMITTEES

Rep. Pete Aguilar was assigned to the Appropriations Subcommittee on Energy, Water Development, and Related Agencies and the Subcommittee on Transportation, Housing and Urban Development, and Related Agencies on the powerful House Appropriations Committee
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.

Popular

CalHFA Contributes Vital Funds to Complete Ocean View Rehabilitation

A collaboration between the California Housing Finance Agency, local and federal partners, nonprofit developer BRIDGE Housing Corporation and other contributors has resulted in a sparkling renovation of Ocean View Senior Apartments in the Bay Area community of Pacifica

Recent

Homebuyers Can Now Use Income from ADUs to Help Qualify for...

The California Housing Finance Agency has revised its guidelines so first-time homebuyers may apply rental income from an Accessory Dwelling Unit (ADU) toward loan qualification. This update follows the guidelines of Fannie Mae and the Federal Housing Administration and will take effect on May 1, 2017