Real estate industry veteran Harold Hofer, backed by former CBRE CEO Ray Wirta, announces the launch of NEXREGEN Real Estate Investment Trust I. NEXREGEN provides a proprietary web-based system through which investors can purchase small interests in commercial real estate properties, in the real estate investment trust or "REIT" format, for as little as $5,000.
Safeguard Financial is announcing the launch of their brand new Managed Real Estate Investment Program which offers investors the chance to own turnkey, income-producing real estate with tenants in place, or to participate in notes and loans secured by real estate.
The Pacific Coast Builders Conference promises another exciting year with its "Consumer Insights Forum." New key program "Think Forward or Get Left Behind" will offer expert discussions and give a behind-the-scenes look at successful marketing.
KTGY and some of this country's top builders/developers have earned 15 Awards of Merit in the 2012 Gold Nugget Award design and planning competition. The awards honor KTGY's outstanding commitment to research, and knowing and understanding the end-user -- both buyers and renters -- to create successful projects.
Designed by KTGY Group, 2525 El Camino Real Senior Apartments, a development by ROEM Corporation, in collaboration with Pacific Housing, Inc. and the City of Santa Clara, broke ground. 2525 El Camino Real Senior Apartments will offer 48 one-bedroom apartments that are affordable to seniors with annual incomes that are at or below 60% of the Santa Clara County Area Median Income.
Britt Nelson of Present Value Properties, Inc. negotiated a 5-year lease on behalf of self-service yogurt chain Menchie's Frozen Yogurt franchisee for 1,234 square feet at the Belmont Village Shopping Center located at 1200 El Camino Real in Belmont, Calif. Menchie's is expected to open in fall 2012, and will join tenants Safeway, Peet's Coffee, AT&T, Game Stop, Toto's Pizza and Supercuts.
KTGY Principal Manny Gonzalez, AIA, NCARB, LEED AP has been invited to be a speaker at the PCBC 2012 show, Homebuilding's Premier Tradeshow and Conference, held June 27-28, 2012, at the Moscone Center in San Francisco, Calif.
Edward B. Hanley of Hanley Investment Group represented the buyers and sellers in the purchase of two grocery-anchored shopping centers in Southern California. The sale of these two necessity-based shopping centers, Marketplace @ Palm Desert and Seabridge Marketplace in Oxnard, represent nearly 190,000 square feet.
Hanley Investment Group represented the buyer and seller in the sale of a single-tenant Panera Bread in Temecula, Calif. The purchase price was $2,715,000, representing a 6.43% capitalization rate and $560 per square foot. Located at 41798 Nicole Lane in Temecula, the 4,850 sq. ft. freestanding building is situated on a 1.49-acre parcel of land.
365 Connect, the New Orleans based award-winning online technology platform provider for the multifamily industry, has received the 2012 Coup D' Tech eWARD from the Louisiana Technology Council, which recognizes innovation and achievement for those in the community that have made a positive impact in the technology industry over the past year.
KTGY announces two technology innovations for the retail industry, a Mobile Design Studio and a Site Survey App for the iPad. The app assists with onsite surveys from small tenant improvement projects to large-scale mall renovations. The Mobile Design Studio is essentially a design lab on wheels.