Highland Development Company, a subsidiary of The Marcus & Millichap Company and a dynamic retail and retail-driven mixed-use development company based in Pasadena, Calif., announced that Thomas Cole has been hired as Director of Construction. He was formerly the Director of Development at LNR Property Corporation.
Hanley Brown Group Real Estate Advisors, one of the most dominant retail investment groups in Southern California and a market leader in the sale of retail properties, announced today Edward B. Hanley and Kevin T. Fryman of Hanley Brown Group represented the buyer and seller in the $12,425,000 sale of Cypress Station, a multi-tenant community shopping center in Houston, TX.
Eric Wohl of Hanley Brown Group Real Estate Advisors represented the buyer and seller in the sale of a rare multi-tenant, street-front 9,785-square-foot retail property in West Los Angeles, Calif. Located at 12222 Wilshire Boulevard, the purchase price was $6,300,000, which represented one of the highest prices per square foot in the area at $644 psf.
One of the largest real estate service companies based in California, Coreland Companies of Tustin, Calif., has added Fred Godinez and Brian Wegener as Leasing/Sales Associates to the company’s Leasing/Sales Department.
Award-winning KKE Architects, Inc. announced today that the company has leased an additional 6,500 square feet at its existing location at 525 E. Colorado Boulevard in Pasadena to accommodate the firm’s rapid growth. KKE moved into this building two years ago because they had outgrown their previous location in Pasadena. KKE will now occupy two floors and a total of 15,000 square feet.
Falcon Real Estate Investment Company has entered into a joint venture agreement with Transcan Development for the development of the Winchester Commercial Center in Temecula, CA. The 74,166-square-foot mixed-use center will consist of six free-standing office buildings totaling 45,750 square feet and two multi-tenant retail buildings totaling 28,416 square feet.
The Hodgdon Group, a full-service real estate brokerage, development and construction management company, has been selected by Giant RV, the number one RV dealer in the nation and the largest dealer in California, to handle the design, entitlements and construction management of Giant RV’s $2.5 million redevelopment and expansion of its Murrieta RV center.
http://www.rentarvnow.com/rv_rental_home_based_business.html )specializes in bring the RV rental to the customer and was able to capture a large portion of the travel trailer rental market in Oklahoma in less than 2 years. Since then Rent-a-RV of Oklahoma in now allowing RV renters to tow units on there
Award-winning KKE Architects, Inc. has completed design services for Jess Ranch Marketplace Phase II in Apple Valley, CA and has commenced design, construction drawings and entitlement services for the project’s Phase III. Developed by Malcolm Riley & Associates of Los Angeles, Jess Ranch Marketplace’s Phase II is scheduled to open this fall. Phase III is slated to break ground later this year.
Hanley Brown Group Real Estate Advisors announced today the sales of three Riverside County commercial properties for a total of $5,800,000: Jiffy Lube plus self-service car wash in Moreno Valley for $1,900,000; Wienerschnitzel combo restaurant in Lake Elsinore for $2,700,000; and a 10,401-square-foot office/retail building in downtown Lake Elsinore for $1,200,000.
Kevin Fryman and Eric Werner of Hanley Brown Group represented the buyer and seller in the sale of a 29,088-square-foot, multi-tenant office/medical building at 8215 Van Nuys Boulevard in Panorama City, CA. The purchase price was $3,600,000 representing a 5.6% cap rate. Built in 1958, the subject property is a three-story freestanding building. The property was 61% occupied at the close of escrow
Hanley Brown Group Real Estate Advisors, one of the most dominant retail investment groups in Southern California and a market leader in the sale of retail properties, announced today Edward B. Hanley and Kevin T. Fryman of Hanley Brown Group represented the seller in the $1,825,000 sale of a 19,986-square-foot auto center, multi-tenant auto center at 7444-7448 Reseda Boulevard in Reseda, Calif.
Hanley Brown Group Real Estate Advisors announced today Eric L. Werner of Hanley Brown Group and Brian Bielatowicz of Lee & Associates in Murrieta, Calif., represented the buyer and seller in the sale of a grocery/drug anchored neighborhood shopping center in Hemet, Calif. for $9,800,000. The cap rate was 5.82% and the buyer paid all cash and in 25 days.
Hanley Brown Group Real Estate Advisors announced that Eric P. Wohl has been promoted from Senior Associate to Vice President and was named one of the “30 Under 30” leading players in Southern California’s Commercial Real Estate Industry by Real Estate Southern California magazine.
Rawson, Blum & Leon (RBL) of San Francisco, CA closed escrow on a vacant parcel located in Berkeley, CA, with plans to create a $40 million urban infill, mixed-use residential/retail project. Erik Halterman was also hired as Development Manager. RBL expects to put $150 million in assets into the development pipeline and acquire $30 to $50 million per year of existing assets.
Hanley Brown Group Real Estate Advisors, one of the most dominant retail investment groups in Southern California, closes escrow on four prominent Orange County shopping centers for a total of $25,395,000. Two properties were located in Huntington Beach; the others were located in Newport Beach and Garden Grove.
Highland Development Company, a dynamic retail and retail-driven mixed-use development company, announced that 30-year real estate veteran Gary T. Ward has been hired to head up the company's Northern California office as VP of Development. Ward will direct all phases of real estate development in Northern California and the Pacific Northwest for Highland Development from its San Mateo office.
Award-winning KTGY GROUP, INC., Architecture and Planning, is pleased to announce that David Senden, a principal and lead residential designer, has been invited by the Dallas Home Builders Association to be a judge for the prestigious Dallas McSAM Awards. Judging will be held February 22-24, 2007 at the Dallas Home Builders Association’s office in Plano, Texas.
Highland Development Company, a subsidiary of The Marcus & Millichap Company and a dynamic retail and retail-driven mixed-use development company, announced that the company is developing an 84,500 sq. ft. retail/office project in Bakersfield, CA. The new project, which will be anchored by an existing Walgreens, is expected to break ground in the summer 2007 and be completed by late 2007.
De Rito Partners Development of Phoenix, AZ named former Ralphs Grocery Company Sr. VP Tom Gast President and Partner of De Rito Partners West. Based in Anaheim Hills, CA, Gast will be responsible for the acquisition and development of retail, mixed-use and redevelopment opportunities in CA and NV. Company plans to spend more than $100 million in these areas within the next 18 to 24 months.
Panattoni Development Company’s retail division, based in Irvine, CA, has begun construction on the 450,000 SF retail development project, Rancho del Chino in Chino, CA. Upon completion, the project will consist of Home Depot, an electronics retailer, a department store and an office supply store as well as several shops and restaurants. Home Depot and shops are slated to open in January 2008.
Coreland Companies of Tustin, Calif., one of the largest privately held commercial real estate service companies based in California, recently named Susan Szabo to the position of Regional Real Estate Manager. Previously, she was General Manager for Pan Pacific Retail Properties.
Hanley Brown Group Real Estate Advisors announced today Jeremy S. McChesney and Eric L. Werner of Hanley Brown Group represented the buyer in the $7,400,000 sale of a new 20,494-square-foot multi-tenant retail center shadow anchored by Food 4 Less and located at 24430 Alessandro Boulevard in Moreno Valley, CA. The cap rate was 6.36%. The property was 100% occupied at the time of sale.
Award-winning KTGY GROUP, INC., Architecture and Planning, is pleased to announce its latest achievement at the most recent Builder’s Choice Design & Planning Awards held at The Ritz Carlton hotel in Washington, DC. KTGY won the Grand Award for two of its California residential mixed-use projects, Bayside in Hercules and Aqua Via in Oakland. There were more than 500 entries received for this year
Hanley Brown Group Real Estate Advisors has been awarded the exclusive listings to market College Country Shopping Center in Huntington Beach for $12,650,000 and Magnolia Point-Magnolia Center in Westminster for $11,700,000. Eric P. Wohl of Hanley Brown Group is the listing agent for both properties.
Hanley Brown Group represented the seller in the $1,600,000 sale of the fee simple ownership in the land leased to a single-tenant Pacific Dental, a 5,000 SF building in Riverside, CA. The all cash transaction closed in 21 days at a 5.0% cap rate. Pacific Dental is located at the signalized entrance to Orangecrest Town Center at the SWC of Trautwein Road and Bountiful Avenue.
Hanley Brown Group Real Estate Advisors announced today Eric P. Wohl of Hanley Brown Group represented the seller in the $1,715,000 sale of a single-tenant NNN leased investment with Hollywood Video in Colton, CA. Cap rate was 6.10%. Built in 1968, the 8,000-square-foot pad building is situated on a .48-acre parcel of land at 125 West Valley Blvd.
Hanley Brown Group Real Estate Advisors announced today Eric P. Wohl of Hanley Brown Group represented the buyer in the $4,995,000 sale of Diamond Valley Shopping Center in Hemet, CA. Located at State Street and Stetson Avenue, the 57,818-square-foot shopping center consists of 2 buildings and is situated on 5.14 acres in Riverside County. The property was 83% occupied at the time of sale.