Property predictions from David Pearl, of leading London (UK) property company Pearl & Coutts. David outlines where he thinks the opportunities are for commercial and residential property businesses in 2010.
HomeRun Homes has created a new blog to interact with existing and prospective customers. This blog will be personally updated by the President of the company, with the focus on Rent to Own Homes. The blog will become a dynamic FAQ for visitors, with updates coming a few times per week, including news and website features, and will also address questions that have been received via the website.
Edward B. Hanley and Eric P. Wohl of Hanley Investment Group Real Estate Advisors represented the seller in the sale of Walnut Newport Center, a 9,597 sq. ft. multi-tenant retail strip center located at 13842 Newport Avenue in Tustin, Calif. The purchase price was $2,990,007, representing $312 psf. Built in 1986, the four-tenant strip center is anchored by Blockbuster Video.
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Hanley Investment Group represented the seller in the sale of the fee-simple ownership in the land leased to a single-tenant NNN Red Robin Restaurant in Menifee, CA. The purchase price was $2,040,000. Located at 30142 Haun Road, the single-tenant Red Robin Restaurant is a pad building situated within Countryside Marketplace, the dominant power center in the region.
Investec acquired The Plaza at Sunbow in San Diego, California for approximately $21 million. The 100,000 sq.ft. shopping center is anchored by Ralphs and CVS/pharmacy, along with a host of national retailers including Starbucks, McDonald's, KFC and T-Mobile. The transaction was sourced by Investec as an off-market acquisition opportunity from a private investor.
Designed by KTGY Group, The Arbor at Woodbury Apartment Homes at 300 Regal Avenue in Irvine, Calif. will celebrate its Grand Opening on February 11, 2010. Developed by Jamboree Housing Corporation, The Arbor at Woodbury provides high-quality workforce housing to 90 families earning between 30% and 60% of the area median income.
With an aggressive marketing plan to get his listings sold he has found a way to guide his clients through one of the most challenging of real estate markets many of us have ever seen. Being that 85% of all home buyers first start their home search online, Scott has fully embraced the use of marketing online and found ways to leverage the use of the internet to the advantage of his clients.
Edward B. Hanley and William B. Asher of Hanley Investment Group, along with Phil Berry of Commercial West Brokerage, Inc., represented the seller in the sale of two NNN pad buildings in Chino, Calif., for a total consideration of $5,850,000. The pad buildings are located within Stater Bros. Plaza, which includes anchor Stater Bros. and Carl's Jr., Chase Bank, Fantastic Sams and Pacific Dental.
Edward B. Hanley and William B. Asher of Hanley Investment Group Real Estate Advisors represented the buyer and seller in the sale of a single-tenant PETCO in Denver, CO. The purchase price was $7,800,000. Built in 1993, PETCO occupies a 23,057-square-foot building on a 1.4-acre parcel of land.
Edward B. Hanley and William B. Asher of Hanley Investment Group represented the seller in the sale of a single-tenant NNN Jiffy Lube in Indio, Calif., for $1,750,000, representing a 6.8% cap rate. The 4,000-square-foot single-tenant Jiffy Lube is a pad building situated on a 0.81-acre parcel of land within a Stater Bros. anchored shopping center at 81088 Highway 111.
Two KTGY principals David Senden and Manny Gonzalez, AIA, LEED AP have been invited to speak at the International Builders' Show (IBS) held January 19-22, 2010 in Las Vegas. KTGY principals are frequent guest speakers and panelists at the most prestigious industry events including the IBS, PCBC, ULI and NAHB. Senden and Gonzalez will also be available to provide some Architectural Plan Reviews.
Hanley Investment Group represented the seller in the sale of the fee-simple ownership in the land leased to a single-tenant building occupied by Forever 21 in Calexico, Calif. The purchase price was $5,200,000.
Kevin T. Fryman and Eric P. Wohl of Hanley Investment Group represented the buyer and seller in the sale of Bellflower Plaza, a 12,155 sq. ft. multi-tenant retail strip center in Bellflower, Calif. The purchase price was $2,106,000, representing a 6.63% cap rate. Built in 1980, Bellflower Plaza was 92% occupied at the time of the sale.
KTGY designed and completed Habitat for Humanity of Orange County's first homes built in Yorba Linda, Calif. KTGY has been committed to working with Habitat for Humanity throughout California. Recently, KTGY was called upon to develop the next series of homes for Habitat for Humanity in northern California, which will be going after LEED Platinum status.
Carlos J. Lopez, president of HI Urban Retail Advisors, represented the seller in the sale of an 18,864 sq. ft. ground-floor retail component of a 116-unit residential condo building in downtown San Pedro, CA. The price could not be disclosed.
Paul King of Inspector Paul-Charlotte Home Inspection, a local firm based in Charlotte that conducts inspections of new and existing homes, commercial structures, mold, radon, pools, thermal infrared, and stucco was honored recently by the American Society of Home Inspectors for 5 years of membership. Paul King has been an ASHI Certified Inspector since 2004.
PayYourRent.com, the all-inclusive site for online rent payments, has added renter's insurance to its arsenal of services. PayYourRent.com has integrated with ePremium Renter's Insurance Agency to create one-stop-Shop for multifamily residents.
Casa del Maestro in Santa Clara, CA has received ULI's 2009 Jack Kemp Workforce Housing Models of Excellence Award. Casa del Maestro, which provides affordable, high quality workforce housing in order to recruit and retain staff in the school district, was developed by Thompson | Dorfman Partners and designed by KTGY Group.
It is time for Change. The Title Insurance and Real Estate Industries are now Adopting New Standards that embrace a "High Performance Model" that Achieves Breakthrough Competitive Advantages, such as with CentRealTech's One Click Automated Title System.