Hanley Investment Group Real Estate Advisors negotiated the sale of three multi-tenant shopping centers in Arizona and Southern California for a total consideration of $16,575,000. The properties are located in Mesa, Ariz. and Riverside and Victorville, Calif. Two properties closed at a sub 6% cap rate.
Hanley Investment Group represented the buyer and seller in the $15 million sale of a grocery/drug anchored shopping center at the corner of East Plaza Blvd. and Euclid Ave. in National City, Calif. A Canadian buyer paid a 6% cap rate for the 68,084 sf shopping center, which includes tenants Ralphs, Walgreens, Blockbuster Video and Firestone Tires and was 100% occupied at the time of the sale.
A limited number of properties at Ginn Reunion Resort, A prestigious 2,300-acre resort community of gentle rolling hills just minutes from Orlando, Florida, and five minutes away from Disneyworld is now available at pricelevels unimaginable a year ago
Hodgdon Miank Construction completed construction on Heritage Crossing, a $6.8 million shopping center at the southwest corner of Baseline Avenue and Cherry Avenue in Fontana, Calif. The 4.86-acre project includes a multi-tenant retail building, state-of-the-art Jump Start Express Car Wash and a Miguel’s Jr. Mexican Food restaurant with a drive-thru. Miguel’s is now open for business.
Marinita Development plans to commence construction on August 1, 2008 on Jefferson Square, a new $24.3 million, 90,440 sq. ft. supermarket/drug anchored shopping center in La Quinta, CA. Phase one, which will consist of a Fresh & Easy Market and CVS/pharmacy, is expected to be completed in the first quarter of 2009. KTGY is the project architect.
“The Pocket Ranch near Joseph, Oregon is a large private acreage in the heart of the Hell’s Canyon National Recreation Area”, reports Roland White • Broker, Licensed in the State of Oregon with Sotheby’s International Realty.
"The Pocket Ranch in Joseph Oregon adjoins the Zumwalt Prairie Preserve owned by the Nature Conservancy and is recognized as one of the last private large acreage parcels available near the Southern Edge of the Famed Palouse Prairie", reports Roland White Broker, Licensed in the State of Oregon with Sotheby's International Realty.
With all the talk and nervousness about the real estate market, savvy real estate investors know that now is the time to buy houses. Real Results Unlimited, Inc. has designed a direct mail marketing service specifically for creative real estate investors that will generate highly qualified seller leads and send them on the road to wealth.
Steven J. Hogberg of Coreland Companies represented the seller in the $1.9 million sale of a two-story 9,780 sq. ft. office condo building located at 3505 Cadillac Ave. in Costa Mesa, CA within Cambridge Park, a 220,000 sq. ft. business park.
Coreland Companies of Tustin, Calif., one of the largest real estate service companies based in California, was awarded seven new retail leasing assignments in Southern California totaling nearly 750,000 square feet during the second quarter of 2008. The team of Matt Hammond, Bryan Bauer, Thomas Tway and Tim Muller will be handling the various leasing assignments.
The Dade Real Estate Investors Association (www.dreia.org) has invited national speaker and author Wendy Patton to be the featured presenter at their monthly investor education meeting in Miami on Wednesday, July 16th.
The Estates on Sundance Ridge is an exclusive, high-end luxury residential development in St. Kitts, Caribbean. The developments prestigious location with panoramic views and exclusivity is quickly making is one of the most sought-after villa residences in the Easter Caribbean.
KTGY received NAHB’s 50+ Housing Council prestigious 2008 Best of 50+ Housing Gold Award in the category of “Multifamily Housing: Overall Community – Income-Qualified Affordable Rental Apartments.” Also, KTGY’s Principal Rob Williams, AIA will speak at the BIA/SC’s 50+ Housing Council program on June 19th in Newport Beach, Calif.
KTGY principals Ken Ryan and David Senden have been invited to speak at the PCBC 2008 show, Homebuilding’s Premier Tradeshow & Conference, held June 24 - 27, 2008 in San Francisco, CA. Ryan will participate in the session “What Elected Officials Really Want” on June 25. Senden will speak on “The Role of Aesthetics in a Slow Market” on June 26.
Edward B. Hanley and Eric P. Wohl of Hanley Investment Group of Irvine, Calif. teamed up with Michael Hefner of Voit Commercial Brokerage of Orange, Calif. to represent the seller, Glendale Square LLC, otherwise known as FKC Properties, Inc. of Placentia, Calif., in the sale of a Ralphs grocery-anchored shopping center in Glendale, Calif. for $19,500,000, at a 6.05% cap rate and $422 psf.
KTGY’s Principals Ken Ryan, Manny Gonzalez, AIA and Rob Williams, AIA have been invited to speak at the National Association of Home Builders (NAHB) Building For Boomers & Beyond: 50+ Housing Symposium in New Orleans, LA. The event will be held on May 19-21, 2008 and will feature a variety of educational programs focused on the needs and trends of the 50+ housing industry.
“Roland White in Bend, Oregon reports today that he has been selected as the exclusive listing agent to market Elk Ridge Estate,a custom luxury estate home on 164 acres in Northeastern Oregon, near the community of Summerville and the city of La Grande, Oregon.”.
David Senden, principal at KTGY GROUP, INC., Architecture and Planning, has been selected to participate in an Urban Land Institute’s Technical Advisory Panel (TAP) to assist the National City’s redevelopment agency in developing a master plan and a Transit Oriented Development for a 25-acre area within its Westside Special Plan Area. National City is located in So. CA's San Diego County.
Green modular home designs will be featured at a new Edison, New Jersey, design center by Modular Homes, Inc. Green home builders and architects can review customizable plans for energy efficient modular homes.
Kevin Fryman and Bryan Land of Hanley Investment Group Real Estate Advisors represented the seller in the $7,380,000 sale of Archibald’s Plaza, a 15,505 sq. ft. Starbucks-anchored retail center located at 2910 & 2920 Archibald Avenue in Ontario, CA. The property was built in 2005, and was 100 percent occupied at the time of sale.
Hanley Investment Group has promoted Kevin T. Fryman from senior associate to vice president. An expert in the sale of retail properties, Fryman has closed over 30 sales transactions totaling more than $100 million. In the past year, Fryman closed transactions such as Lompoc Corners in Lompoc, CA for $16,100,000 and Cruse Crossing in Lawrenceville, GA for $12,015,000.