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Hanley Investment Group Sells Grocery Anchored Shopping Center in Rancho Cordova, Calif.
IRVINE, CA - January 31, 2012 - (RealEstateRama) -- Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the western United States and a market leader in the sale of retail properties, announced today that Kevin T. Fryman and Edward B. Hanley represented the buyer and seller in the sale of Bradville Square, a 90,435-square-foot grocery anchored shopping center in Rancho Cordova, Calif. The purchase price was not disclosed.
San Jose Property Management Company Helps Accidental Landlords Become Intentional Investors
SAN JOSE, CA - January 24, 2012 - (RealEstateRama) -- While Jerry Garrity of Silicon Valley's First Statewide Realty works with a long list of properties for seasoned Bay Area investors who use his San Jose property management (http://www.firststatewiderealty.com/) services, he also has a growing portfolio of another abundant asset type: properties whose owners had trouble selling them.
CT/KDF COMMUNITY DEVELOPMENT PARTNERS ANNOUNCES FINANCING OF LANCASTER PROMENADE III
LANCASTER, CA - January 18, 2012 - (RealEstateRama) -- Aliso Viejo, Calif.-based CT/KDF Community Development Partners, a joint venture between CT Realty Investors and KDF Communities, in concert with its investment partner, U.S. Bancorp Community Development Corp., has placed $16.15 million of its New Markets Tax Credit (NMTC) allocation with a subsidiary of InSite Development of Woodland Hills, Calif. The NMTC funds will be used to redevelop four properties along the new Lancaster Promenade, now known as The BLVD, in downtown Lancaster, Calif.
Lee & Associates Negotiates $3.8 Million Industrial Sales Transaction
Torrance, CA - January 12, 2012 - (RealEstateRama) -- Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $3.8 million sales transaction for a 102,566-square-foot industrial building located at 26090 Ynez Road in Temecula, Calif.
Lee & Associates Negotiates $19.1 Million CarMax Retail Sale
Torrance, CA - January 11, 2012 - (RealEstateRama) -- Lee & Associates Net Leased Group in Carlsbad, Calif., a division of the national brokerage firm Lee & Associates, has closed a $19.1 million sale of a car dealership property at 6801 E. Frontage Rd, in Merriam, Kansas. The 58,430-square-foot property, which is occupied by CarMax, Inc., was purchased by an undisclosed buyer. CarMax, which will remain in the property, has 17 years on the initial lease term, which also includes four, 5-year options to extend.
Hanley Investment Group Sells Three Retail Centers in the Inland Empire for $8,170,000
IRVINE, CA - January 11, 2012 - (RealEstateRama) -- Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the western United States and a market leader in the sale of retail properties, announced today that Edward B. Hanley, William B. Asher and Patrick G. Kent sold three multi-tenant strip centers totaling 96,327 square feet in southern California for a total consideration of $8,170,026
Hanley Investment Group Sells Highway 111 Retail Center in Rancho Mirage, Calif.
IRVINE, CA - January 11, 2012 - (RealEstateRama) -- Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment sales groups in the western United States and a market leader in the sale of retail properties, announced today that William B. Asher and Edward B. Hanley sold a 31,900-square-foot multi-tenant retail center located on Highway 111 in Rancho Mirage, Calif. The purchase price was $6.8 million.
First Sale of a Privately Owned Electric Charging Station in the Nation
San Bernardino CA - January 11, 2012 - (RealEstateRama) -- Colliers International, the third largest global real estate services organization, has completed an unprecedented sale of a newly developed neighborhood center in San Bernardino, Calif. Built in 2009, Ree-Charge ‘N Go ® is not only anchored by 7-Eleven and T-Mobile but offers charging station that can fuel multiple electric vehicles at once.
Hanley Investment Group’s Urban Retail Division Sells Ground-Floor Retail Condominium in Downtown Los Angeles,...
IRVINE, CA - January 10, 2012 - (RealEstateRama) -- Hanley Investment (HI) Urban Retail Advisors, a division of Hanley Investment Group Real Estate Advisors, specializing in the sale and advisory of high profile mixed-use and urban retail properties in dynamic commercial districts across the United States, announced today that Carlos J. Lopez, President of HI Urban Retail Advisors represented the buyer in the purchase of the 6,150-square-foot ground-floor retail condominium of a 263-unit luxury condominium building, known as Luma, within the heart of Downtown Los Angeles, Calif. The purchase price was $2.62 million.
VOIT REAL ESTATE SERVICES COMPLETES 12,000 SQUARE-FOOT OFFICE SALE IN SAN DIEGO
SAN DIEGO, CA - January 10, 2012 - (RealEstateRama) -- Voit Real Estate Services’ San Diego office has completed the $2.375 million sale of a 12,292 square-foot office property located at 11610 Iberia Place in San Diego, Calif. This Class B, two-story office building was built in 1980 and has undergone extensive renovation, according to Brian Mulvaney, SIOR, CCIM in Voit’s San Diego Office.
CT REALTY INVESTORS AND BEHRINGER HARVARD SELL STRATEGIC ONTARIO PROPERTY
ALISO VIEJO, CA - January 5, 2012 - (RealEstateRama) -- A partnership between CT Realty Investors and Behringer Harvard announced today the sale of Archibald Business Center, a Class A 231,000-square-foot corporate headquarter distribution center located at 2021 So. Archibald Ave. in Ontario, Calif. In a $15 million transaction, the business property was sold to Beauty 21 Cosmetics and will serve as their corporate headquarters and primary regional distribution facility.
Hanley Investment Group Sells Brand New Single-Tenant Walgreens in Lake Elsinore, Calif. for $8...
IRVINE, CA - December 12, 2011 - (RealEstateRama) -- Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the western United States and a market leader in the sale of retail properties, announced today that William B. Asher and Jeremy S. McChesney represented the buyer and seller in the sale of a single-tenant Walgreens in Lake Elsinore, Calif. The purchase price was $8,086,409.
Former Mountain View Businessmen Plead Guilty to Real Estate Investment Fraud
SAN FRANCISCO, CA - December 9, 2011 - (RealEstateRama) -- James Stanley Ward, Edward George Locker, and Richard Ferguson Tipton pleaded guilty in federal court in San Francisco to conspiracy to commit mail and wire fraud, United States Attorney Melinda Haag announced. Ward and Locker entered their guilty pleas on Dec. 6, 2011. Tipton entered his plea today.
Attorneys General of California and Nevada Announce Mortgage Investigation Alliance
LOS ANGELES, CA - December 7, 2011 - (RealEstateRama) -- Attorneys General Kamala D. Harris of California and Catherine Cortez Masto of Nevada today announced that their states have entered into a joint investigation alliance designed to assist homeowners who have been harmed by misconduct and fraud in the mortgage industry.
CT REALTY INVESTORS CONTINUES ITS INLAND EMPIRE SURGE
ONTARIO, CA - November 29, 2011 - (RealEstateRama) -- CT Realty Investors Inc. (www.ctrinvestors.com) announced lease agreements today with Pacific Urethane LLC for 150,240 square feet and Precision Foam LLC for 43,492 square feet at 1671 Champagne Ave. in Ontario, Calif. Total consideration for the five-year leases is $3 million and $1 million respectively.
Attorney General Kamala D. Harris Announces 5-Year Sentence for Foreclosure Scam Targeting Northern California...
SACRAMENTO, CA - November 24, 2011 - (RealEstateRama) -- Attorney General Kamala D. Harris announced that Angeline Lisa Lizarrago, 69, of Fremont, was sentenced today to five years for a foreclosure scam in which dozens of struggling Bay Area and Central Valley homeowners paid for foreclosure services that were never delivered.
Hanley Investment’s Urban Retail Division Sells Trophy Retail/Office Project on Lake Avenue in Pasadena,...
IRVINE, CA - November 17, 2011 - (RealEstateRama) -- Hanley Investment (HI) Urban Retail Advisors, a division of Hanley Investment Group Real Estate Advisors, specializing in the sale and advisory of high profile mixed-use and urban retail properties in dynamic commercial districts across the United States, announced today that Carlos J. Lopez, President of HI Urban Retail Advisors represented Arenda Capital Management, a Los Angeles-based private real estate investment firm, and AEW, a Boston-based pension fund advisor, in the purchase of an 87,000-square-foot retail/office complex situated within the South Lake District of Pasadena, Calif. The purchase price was $21 million.
Faris Lee Investments Completes $9.7 Million Sale of 24,605 SF, Multi-Tenant Property in Baldwin...
IRVINE, CA - November 16, 2011 - (RealEstateRama) -- Faris Lee Investments, the nation’s largest retail-specialized investment advisory firm, has announced the $9.7 million sale of Baldwin Park Towne Center. Built in 1987, the 24,605-square-foot, multi-tenant retail property located at 14510 Baldwin Park Towne Center includes GameStop, Verizon, AT&T, Adriana’s Insurance and Tortas Sinaloa Restaurant as tenants. The property also benefits from the fact that it is co-occupied by such national tenants as Home Depot, McDonald’s, Denny’s, and a Marriott Courtyard Hotel.
CHARLES DUNN COMPANY COMPLETES SALE OF A 50-UNIT TROPHY MULTIFAMILY PROPERTY IN SANTA MONICA
LOS ANGELES, CA - November 15, 2011 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed the sale of a 50-unit multifamily property located at 123 California Ave. in Santa Monica. Kimberly Roberts Stepp of Charles Dunn Company who is out of the firm’s West Los Angeles office procured the seller, Petrikas Family Limited Partnership from Riverside, Calif. Hamid Soroudi, also from Charles Dunn Company’s West Los Angeles office represented the buyer, Xenon Investments from Los Angeles, Calif. The property closed at just above a 4 percent cap rate.
Travelers’ Rest Stop in Central California Becomes Newest Auction on FRE.com
Newport Beach, CA - November 1, 2011 - (RealEstateRama) -- Located about 40 miles north of Bakersfield along Interstate 5 and Paso Robles Highway 46 is the Lost Hills RV Park, a welcomed pit stop for road warriors and the newest auction on the Freedom Realty Exchange (FRE.com). Lost Hills is small but thriving town in central California with many of its residents working in the local agricultural or oil businesses.