Archives
HI Urban Retail Advisors Sells Retail/Commercial Condo in Irvine, Calif.
IRVINE, CA - June 23, 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 and Edward B. Hanley, represented the buyer and seller in the sale of a 1,448-square-foot individual retail/commercial condominium unit in Irvine, Calif. The price was not disclosed.
Charles Dunn Company Completes 26,336 Square Foot Office Lease Valued at $8 Million with...
LOS ANGELES, CA - June 21, 2011 - (RealEstateRama) -- Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed a 10-year, 26,336 square foot office lease valued at $8 million with California Community Foundation (CCF) and U.S. Bank.
Bay Area May Home Sales, Median Price Inch Up From April; Fall below 2010
La Jolla, CA. - June 15, 2011 - (RealEstateRama) -- The Bay Area housing market in May posted modest month-to-month gains in sales and median prices, but those same measures fell sharply from year-ago levels, which had been pumped up artificially by homebuyer tax credits. Move-up buying and new-home sales were especially weak last month, while the share of sales involving distressed properties, cash buyers and investors remained far above normal, a real estate information service reported.
CT REALTY INVESTORS ADDS CAPITAL INVESTMENT ADVISOR TO BOARD OF DIRECTORS
ALISO VIEJO, CA - June 3, 2011 - (RealEstateRama) -- Susan J. Barlow, chief executive officer of Newport Beach, Calif.-based Fiduciary Capital Inc., has been named to the board of directors for CT Realty Investors.
Colliers International Sells 60-unit –Apartment Community in Culver City, Calif. for 5.7 CAP Rate
Culver City, CA - June 1, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, recently sold a 60-unit apartment complex, The Keswick Court Apartments, located at 3902-3920 Lenawee Ave, Culver City, Calif.
PCCP Partners with Signature Development Group to Acquire Tralee Village in Dublin, Calif.
SAN FRANCISCO, CA - May 19, 2011 - (RealEstateRama) -- PCCP, LLC has announced that it has partnered with Signature Development Group to acquire Tralee Village, a nearly complete Class A apartment project in Dublin, California. Once complete the high-end, condominium quality apartment community located in the Bay Area will include 130 units. Over the coming months, Signature Development Group out of Oakland, California, will manage various aspects of project completion. PCCP will then transition the property to full-time third party property management in the fall of 2011. Pre-leasing is expected to begin in July with first occupancy for the completed units occurring in August.
USC Ross Minority Program in Real Estate Enrolling for Summer Session
Torrance, CA - May 19, 2011 - (RealEstateRama) -- The University of Southern California Ross Minority Program in Real Estate, a professional training program that teaches real estate fundamentals to individuals interested in creating positive change in emerging communities, is still accepting applications for its summer session that begins June 9.
CT REALTY INVESTORS SELLS BUILDING AND SENIOR NOTE PORTFOLIO
ALISO VIEJO, CA - May 17, 2011 - (RealEstateRama) -- CT Realty Investors (CTRI) announced today it has completed the process of successfully selling a portfolio of office, warehouse and residential assets located throughout Southern California (Riverside County, Orange County and San Diego County), including some senior mortgage notes for a total of more than $30 million. The portfolio featured multiple residential, industrial and office properties purchased by CT Realty Investors in 2009 and 2010 through several senior loan pool acquisitions. CT Realty has been an active purchaser of distressed debt and maintains an active debt resolution business unit.
Colliers International Completes $4 Million Multifamily Sale in Marina Del Rey, Calif.
Marina Del Rey, CA - May 13, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, has completed the investment sale of a 6,316-square-foot apartment building located at 15 Outrigger Street, Marina Del Rey, Calif. The transaction sold for $4 million.
Hanley Investment Group Sells Multi-Tenant Retail Building within Lowe’s Anchored Center in ...
IRVINE, CA - May 5, 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 Edward B. Hanley and William B. Asher represented the seller in the sale of a 7,866-square-foot multi-tenant retail building within a Lowe's anchored shopping center in Ontario, Calif. The purchase price was not disclosed.
CT REALTY INVESTORS, WLCM ACQUIRE THREE APARTMENT COMMUNITIES IN COSTA MESA
ALISO VIEJO, CA - May 3, 2011 - (RealEstateRama) -- CT Realty Investors and WLCM have entered into a joint venture to acquire apartment communities in select coastal submarkets throughout Southern California. The CT joint venture just acquired three communities in Costa Mesa for approximately $10 million which include 55 units located within a mile of each other.
PCCP and SRM Associates Form Joint Venture for the Development of a 160,000 SF...
SAN FRANCISCO, CA - May 3, 2011 - (RealEstateRama) -- PCCP, LLC, SRM Associates and Scott Newman, a private individual, have announced they have formed a joint venture to develop a four-building 160,000-square-foot build-to-suit office project in Alameda, Calif. for VF Outdoor, Inc., a subsidiary of VF Corporation. The project will serve as the global headquarters for VF Outdoor and its brands including The North Face®, JanSport® and lucy®. Ground breaking for the project occurred today and completion is anticipated in summer 2012. Phil Lombardo and John McManus of Cushman and Wakefield represented VF Outdoor.
The Muller Company Expands Management Portfolio to 608,000 SF in San Diego and Adds...
LAGUNA HILLS, CA - April 25, 2011 - (RealEstateRama) -- 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 the firm now owns and/or manages nearly 608,000 square feet of office, retail and medical space in San Diego County, Calif. With the growth of its portfolio, The Muller Company has added two property managers, Maya Hausmann, CPM® as property manager and Christina Kitchen as assistant property manager.
Faris Lee Investments Completes $12.5 Million Sale of Shoppes at Puente Hills Mall in...
Irvine, CA - April 25, 2011 - (RealEstateRama) -- Faris Lee Investments, the nation’s largest retail investment advisory firm, has completed the $12.5 million sale of Shoppes at Puente Hills Mall, a 20,174-square-foot retail center located at 17501 Colima Rd. in City of Industry. Built in 2009 and situated on 2.52 acres, the center is an outparcel to the very successful Puente Hills Mall. The property is 87 percent occupied and includes Panera Bread, Chipotle, The Vitamin Shoppe, Wing Stop, T-Mobile, Jamba Juice, and others.
CT REALTY INVESTORS ACQUIRES MARCH AIR FORCE BASE INDUSTRIAL PROPERTY
MORENO VALLEY, CA - April 7, 2011 - (RealEstateRama) -- CT Realty Investors of Aliso Viejo, Calif., has acquired a 225,000-square-foot warehouse/distribution building located on the grounds of the March Air Reserve Base at 16875 Heacock in Moreno Valley, Calif., from March Philmar, LLC.
CT REALTY INVESTORS ADDS STEFAN MANOLAKAS TO BOARD OF DIRECTORS
ALISO VIEJO, CA - March 29, 2011 - (RealEstateRama) -- Stefan Manolakas, a longtime developer of commercial, residential and mixed-use projects in Northern California, has joined the CT Realty Investors board of directors. Manolakas represents the third addition to the real estate investment firm’s board of directors in the past few months.
Colliers International Recruits Christopher Maling and David Maling to its Downtown Los Angeles Office
Los Angeles, CA - March 22, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, has recruited top senior brokers, Christopher Maling and David Maling, aka The Maling Brothers, in Downtown Los Angeles. They both specialize in investment sales.
Colliers International Completes the Investment Sale of the 66,800-square-foot Multi-Tenant Building for $4.15 Million...
Fontana, CA - March 17, 2011 - (RealEstateRama) -- Colliers International, the second largest global real estate services organization, recently completed the investment sale of the 66,800-square-foot multi-tenant project located at 7888 & 7898 Cherry Ave. Fontana, Calif. to a Orange County-based investor, Heritage Business Center Investment Group, LLC. The transaction is valued at $4.15 million.
Mark Larson Named President of Lee & Associates-Investment Services Group
LOS ANGELES, CA - March 17, 2011 - (RealEstateRama) -- Mark Larson, a Principal of Lee & Associates, has been named President of the Lee & Associates-Investment Services Group (Lee ISG), a commercial real estate investment brokerage and member of the Lee & Associates group of companies.
California Real Estate Investor Pleads Guilty to Bid Rigging at Public Foreclosure Auctions
SACRAMENTO, CA - March 7, 2011 - (RealEstateRama) -- A real estate investor pleaded guilty today in U.S. District Court in Sacramento to conspiring to rig bids and commit mail fraud at public real estate foreclosure auctions held in San Joaquin County, Calif., Christine Varney, Assistant Attorney General of the Department of Justice’s Antitrust Division, and Benjamin B. Wagner, U.S. Attorney for the Eastern District of California, announced.