Property, Rentals, Transactions

Property, Rentals, Transactions
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...

Learning from Leaders Promotes Leadership in Real Estate

“Learning from Leaders in the Year of the Fire Rooster” last Friday aimed at encouraging real estate professionals to be leaders in organized real estate. The event, hosted by the SILVAR's Global Business Council and Young Professionals Network (YPN), attracted over 100 members from SILVAR and other real estate associations.
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

MAN SENTENCED TO FOUR YEARS IN PRISON FOR MANUFACTURING EXPLOSIVE DEVICE IN ANAHEIM MOBILE...

A man was sentenced to four years in state prison today for manufacturing an explosive device in his mobile home in Anaheim while streaming on Facebook Live. Jeff Edward Reece, 34, pleaded guilty to one felony count of possession of an explosive and one felony count of attempted arson of an inhabited property.

Silicon Valley Association of REALTORS® Recognizes Members for Outstanding Contributions

At the installation of the 2017 leadership of the Silicon Valley Association of REALTORS® (SILVAR) on Jan. 19, special recognition awards were given to members for their valuable contributions in 2016. Presenting the following awards were SILVAR 2016 President Karen Trolan and Executive Officer Paul Cardus

2017 SILICON VALLEY REALTORS® LEADERSHIP INSTALLED

The Silicon Valley Association of REALTORS® (SILVAR) 2017 leadership team was installed on Jan. 19 at the Los Altos Golf & Country Club. California Association of REALTORS® (C.A.R.) 2006 President Vince Malta administered the oath of office to SILVAR’s new president, officers and board of directors.
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.

Led by Southern California, state’s pending home sales trend higher in December

Led by the Southern California region, California pending home sales registered gains on a month-to-month and year-to-year basis, portending a moderate increase in sales in the near term, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today

California REALTORS® call on HUD and new Administration to make reinstatement of FHA insurance...

The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today issued the following statement in response to the announcement by the U.S. Department of Housing and Urban Development (HUD) that the Federal Housing Administration (FHA) will indefinitely suspend a recently announced cut in its annual mortgage insurance premium
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.

California home price ends year on high note while sales moderate in December; housing...

Despite strong headwinds of tight housing supplies and an affordability squeeze throughout much of 2016, California’s housing market ended the year on a positive note, posting a moderate sales pace and home price increases in December, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today
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.
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.

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Lawrence Station_

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

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...

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Lawrence Station_

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

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...