Press Releases

Hanley Investment Group, 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 two single-tenant NNN-leased properties occupied by O’Reilly Auto Parts in separate transactions with the same buyer to complete 1031 exchanges. The combined purchase price for both properties was $5,537,500.

Sotheby’s International Realty’s Greater Los Angeles Market Report reveals that Beverly Hills and Pacific Palisades are continuing to rule the Southern California luxury housing marketplace after a hot start to 2016

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced the sale of a single-tenant absolute net-leased Walgreens property located at 6100 Pacific Boulevard in Huntington Park, Calif.

Mercer Vine, an emerging leader in Los Angeles luxury real estate, has announced its exclusive listing of 1312 Beverly Grove Place in Beverly Hills, California for $6,495,000. “This house is the essence of California living, ushering in year-round sunlight through expansive windows and grand ceilings,” said Adam Rosenfeld, founding partner at Mercer Vine and one of the property’s listing agents.

Current pricing ranges from $648,000 up to $700,000. Three bedrooms are offered in two different floor plan layouts. Homes are approximately 1,540 to 1,704 square feet and take advantage of spacious great rooms. Sought-after downstairs bedrooms/bathrooms are included with every home and most homes also feature a small yard. Parking is easy with attached, private two-car garages.

Westwood Financial Corp., (WFC) one of the largest privately held owner-operators of grocery-anchored retail properties in the United States, has hired Jeanne Lazar as chief financial officer. Lazar joins the team at WFC with more than 20 years of diverse commercial real estate finance experience.

Karl Kreutziger has been promoted to president of C.W. Driver Companies, a premier builder serving the Western United States since 1919. Having served in leadership roles on behalf of C.W. Driver Companies for more than five years, 29-year industry veteran will take over the role of president for Dana Roberts, who will serve as CEO and chairman of the board. In this role, Kreutziger will be responsible for leading the overall direction of C.W. Driver Companies as well as spearheading project teams in the preconstruction and planning phases, and overseeing

Genton Property Group (GPG) has selected Webcor Builders to begin construction on the exclusive Four Seasons Private Residences-Los Angeles, which will include 58 luxury condos and a top-floor penthouse that are expected to be the most exclusive, highest priced condos ever to enter the LA market.

Global real estate investment and services firm Kennedy Wilson has negotiated a 10-year retail lease for Yellow Fever, an Asian inspired fast casual restaurant serving healthy customizable bowls, at the Plaza Marina shopping center in Venice, California. Located at 2570 Lincoln Blvd., the 1,500-square-foot location marks the restaurant’s second location and official entry into the Los Angeles market.

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that Eric Vu negotiated the sale of Hammer Plaza, a 20,388-square-foot multi-tenant shopping center, for $1.4 million, well above the asking price. Hammer Plaza was 55 percent vacant at the time of the sale.

The latest Sotheby’s International Realty Greater Los Angeles Market Report reveals that Pacific Palisades more than doubled the number of luxury homes sold in the last quarter of 2015 versus the last quarter of 2014.

C.W. Driver, a premier builder serving the Western U.S. since 1919, has completed construction on the renovation and modernization of the East Tower Nursing Unit at Sharp Grossmont Hospital, located just east of San Diego in La Mesa, California. The $26 million project delivers facility upgrades local taxpayers approved on the June 2006 voter ballot. Construction on the 71,000-square-foot project began in May 2012 and completed in October 2015.

In a move that further revolutionizes its online real estate selling experience, Auction.com, LLC, the nation’s leading online real estate marketplace, today announces the launch of its Commercial Real Estate Seller Dashboard, a new tool created specifically to provide added intelligence and simplify the user experience for Auction.com customers.

The University of Southern California Sol Price School of Public Policy has launched a new Bachelor of Science in Real Estate Development degree, offering students the most comprehensive undergraduate real estate curriculum in the country

Meridian, a full service real estate developer and owner of medical real estate, is pleased to announce that the firm’s 69,000-square-foot medical office building located at 5900 State Farm Drive in Rohnert Park, Calif. has received the prestigious 2015 HREI Insights Award in the category of “Best Renovated or Repurposed Healthcare Facility.”

A Spanish-inspired live/work space has officially arrived with the announcement of “El Jardin,” a new building located in the historic Presidio neighborhood in downtown Santa Barbara. The four-story development at 819 Garden Street, which is co-listed by Sotheby’s International Realty and Hayes Commercial Group, is designed for the business owner or CEO seeking a professional office space and a private home all in one place

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 sale of a single-tenant Bank of America corporate ground lease in Palm Desert, Calif. The purchase price was $2,425,000

Meridian, a full service real estate developer and owner of medical real estate, is pleased to announce that it has closed escrow on the sale of its 8,700-square-foot dialysis clinic in Fairfield, Calif. The purchase price was $5.15 million, representing a cap rate of 5.5%.

Planet Home Living meets the demand of distinguished home-buyers looking for what is often impossible to find: a sleek, modern new home in an established, amenity-rich area. Designed by national award-winning firm KTGY Architecture + Planning, PRISM will offer fifteen single-family detached, new homes in Eagle Rock, just north of downtown Los Angeles.

HGA Architects and Engineers (HGA), an integrated architecture, engineering and planning firm, announced today that renowned design leader, John Frane, has joined the firm as an associate vice president and principal in the Los Angeles office. As a design principal, Frane will continue his pursuit of high design work, combining his arts and culture-based experience with HGA’s extensive national resume of work in this arena.