Property, Rentals, Transactions

Property, Rentals, Transactions
Michelle Lagos

Healthcare Landlord Leasing Specialist Michelle Lagos Joins Meridian as Senior Asset Manager

Meridian, a full-service real estate developer specializing in acquiring and developing real estate facilities for the healthcare sector, announced today that healthcare leasing specialist Michelle Lagos was hired as the senior asset manager and will play an active role in the management of Meridian’s Southern California portfolio

C.A.R. Convenes “Housing Affordability and California’s Future” Real Estate Summit with Leading Experts in...

The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) will present its second real estate summit at an event that will focus on housing affordability, the state’s most pressing housing issue. Industry leaders from financial institutions, government agencies, academia, real estate, public policy, business, and investing will engage in deliberate and impactful discussions with the goal of generating cogent action items for the state of California via the valuable input of stakeholders and thought leaders

California State Historical Resources Commission To Consider 25 Properties for Action

SACRAMENTO, Calif. - (RealEstateRama) -- The California State Historical Resources Commission (Commission) will consider 24 nominations for federal historic designation and one nomination for...

Amid declining affordability and tight housing supply, California pending home sales rise in September

California pending home sales improved from the previous month and year, however, overall market conditions appear to be slowing down and closed transactions plateauing, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
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.

September home sales and price report

California existing home sales ticked up in September on a year-to-year basis for the first time in seven months as a shortage of homes available for sale continues to hold back the market, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
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.
Starbucks

Capital Pacific Sells Starbucks in Greensboro, NC

Capital Pacific, a leading retail investment brokerage firm, recently brokered the sale of a 1,776 square foot Starbucks drive-thru in Greensboro, NC. This was the second time that Joe Caccamo of Capital Pacific has sold the asset. He first sold it in 2006 on behalf of the original developer. The property just sold again for $1,784,879 to a California-based investor.

IBHS and California Fair Plan Association Wildland Fire Summit

The Insurance Institute for Business & Home Safety (IBHS), the California Fair Plan Association, AonBenfield Company and Renaissance Re sponsored a California Executive Summit on Wildland Fire October 5-6 in Los Angeles.
Hesperia pad

Hanley Investment Group Negotiates Sale of Multi-Tenant Retail Pad, Shadow-Anchored by New Walmart Supercenter...

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 represented the buyer and seller in the off-market sale of a 13,940-square-foot multi-tenant retail pad, shadow-anchored by a new Walmart Supercenter at 13325 Main Street in Hesperia, Calif. The sale price was $8.5 million, yielding a cap rate of 5.33 percent. The transaction represents a record-low cap rate for a fully-leased multi-tenant retail pad over 10,000 square feet in the Inland Empire since 2008, according to CoStar.

Hanley Investment Group Completes Sale of Rare Single-Tenant Enterprise Rent-A-Car in Redlands at 5.5%...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that Senior Vice President Jeremy McChesney completed the sale of a rare single-tenant absolute net-leased Enterprise Rent-A-Car property in Redlands, Calif. The purchase price was $1,520,000, which represented a cap rate of 5.55% and $626 per square foot

C.A.R. releases its 2017 California Housing Market Forecast

Following a dip in home sales in 2016, California’s housing market will post a nominal increase in 2017, as supply shortages and affordability constraints hamper market activity, according to the "2017 California Housing Market Forecast," released today by the
Grovemont Square

Lee & Associates Completes Sale of Multi-Tenant Retail Shopping Center in Orange County for...

Lee & Associates, a national commercial real estate brokerage firm, announced today that the company represented the buyer and seller in the sale of Grovemont Square, a 29,030-square-foot multi-tenant retail shopping center at 2428 North Grand Avenue in Santa Ana, Calif. The sale price was $4,730,000, representing a cap rate of 4.26 percent
SILVAR

SILVAR Congratulates CAREA’s 2016/2017 Leadership Team

SILVAR joined the Silicon Valley real estate community in congratulating the 2016/2017 leadership team of the Chinese American Real Estate Association (CAREA) at the association's installation dinner held at the Mayflower Restaurant in Milpitas last Friday. SILVAR President Karen Trolan administered the oath of office to 2016/2017 CAREA president Jennifer Chen, the officers and board of directors.
Taco-Bell-Shops_San-Diego

CBRE’s Philip D. Voorhees and NRIG-West Team Complete Sale of Taco Bell and Shops...

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 the Taco Bell and Shops, a 18,175-square-foot, strip center in the city of San Diego, Calif., leased to a synergistic mix of food and service tenants, including Taco Bell, El Pollo Loco, Pick Up Stix, AT&T and T-Mobile. The sale price was $14 million, representing a 5.0% cap rate.

Fla.’s Housing Market: Sales, Median Prices Up in Aug. 2016

Florida’s housing market reported more closed sales, higher median prices, more new listings and fewer all-cash closed sales in August, according to the latest housing data released by Florida Realtors®. Closed sales of single-family homes statewide totaled 25,070 last month, up 8.2 percent from August 2015.

California pending home sales register higher in August but affordability and supply constraints remain...

An increase in pending sales across all major regions buoyed statewide California pending home sales in August from a year ago, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today. Uncertainty about market conditions was reflected in C.A.R.’s August Market Pulse Survey,** with most leading indicators showing a decline in growth and REALTORS® becoming less optimistic about market expectations and more concerned with reduced affordability

ICYMI: City of San Clemente Endorses Congressman Issa’s Sober Homes Reform Bill

On Tuesday, the City Council for San Clemente unanimously voted to endorse legislation Congressman Darrell Issa introduced earlier this week — the Safe Recovery and Community Empowerment Act (H.R. 6070) — which would empower state and local government to oversee residential recovery facilities, which include sober living homes.

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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...