Tag: business

CBRE Executive Vice President Philip D. Voorhees announced today that he, Jimmy Slusher and their National Retail Investment Group – West (NRIG-West) team completed the sale of the Taco Bell and Shops, a 18,175-square-foot, strip center in the city of San Diego, Calif., leased to a synergistic mix of food and service tenants, including Taco Bell, El Pollo Loco, Pick Up Stix, AT&T and T-Mobile. The sale price was $14 million, representing a 5.0% cap rate.

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction CVS Pharmacy ground lease located at 2501 N. Field Street in Dallas, Texas for $14,890,000. The property sold at a 4.60% cap rate whic...

JLL has been hired by Schneider Electric, the global specialist in energy management and automation, to provide project management services for its new office space located at Two Franklin Park, 6700 Tower Circle, just outside Nashville

The Souferian Group, a Los Angeles-based real estate development, investment and advisory firm founded and led by Behzad Souferian and focused on developing distinctively branded and designed lifestyle-driven properties, has announced the closing of a full-floor lease for Soothe, an app-based on-demand massage technology company. The company’s expanded operations will occupy the entire sixth floor of 1800 North Highland Ave., a seven-story, Class A office structure located at the gateway to Hollywood’s world-renowned entertainment district.

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased movie theatre portfolio consisting of three properties located in North Carolina for $15,973,000.

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, in conjunction with Lee & Associates, announced today that the two firms completed the sale of a single-tenant Sonic Drive-in located at 9505 Magnolia Avenue in Riverside, Calif. The sale price of $2,555,000 represented a cap rate of 4.70%, a record low for a single-tenant Sonic Drive-In restaurant nationwide

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction Dollar General located at 307 Highway 5 in Logansport, LA for $1,113,685.

WPM Commercial, an Atlanta-based investor and developer, said today it is marketing for sale a 220-acre tract entitled for up to 3,500,000 square feet of distribution and manufacturing space in Adairsville, Georgia.

Capital Pacific, a leading retail investment brokerage firm, recently represented the seller of a 3,500 SF Aspen Dental located at 3018 NY Route 417 in Olean, NY. The property was sold for $1,647,058 to a California investor.

On Thursday, September 8, 2016, the City of San Luis Obispo celebrated the grand opening of South Hills Crossing, a new affordable apartment community by ROEM Corporation in partnership with the Housing Authority of the San Luis Obispo (HASLO). The gr...

Randy Blankstein, President of national net lease advisory firm The Boulder Group, will be a featured speaker on ICSC’s N3 Triple Net Lease Panel in Chicago on October 19th, 2016. The panel will be held during the ICSC Chicago Deal Marking.

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that Executive Vice President Eric Wohl negotiated the sale of a 6,786-square-foot mult...

With more than 150,000 SF currently in development/redevelopment and another 500,000 SF in the pipeline, Meridian is still aggressively pursuing more value-add general and medical office opportunities throughout California

Multiple all-cash offers within first week of marketing is evidence of continued demand for well-located single-tenant retail assets CORONA DEL MAR, CALIF. — (RealEstateRama) — Hanley Investment Group Real Estate Advisors, 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

McCormick Construction, a premier builder shaping the culture of buildings and businesses throughout the Western United States since 1914, has completed construction on a 14,000-square-foot interior renovation project for beverage manufacturer, Neurobrands llc’s, corporate office located at 2550 N. Hollywood Way in Burbank, California. Neurobrands originally occupied two disconnected office suites in the North Hollywood Way office building, which is in close proximity to the Hollywood Burbank Airport.

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction Dollar General located at 4180 University Parkway in Natchitoches, LA for $1,362,000.

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant new construction Starbucks ground lease located at 103 Mitchell Drive in Hendersonville, NC for $2,250,000.

Nathan & Associates, Inc. and Province West, two of the leading land brokerage firms in the western United States, are pleased to announce the formation of a strategic alliance between the two firms. Scottsdale, AZ-based Nathan & Associates, Inc. has been active in California for the last several years. The creation of an alliance with Irvine, CA-based Province West will provide for enhanced local market intelligence and additional “boots on the ground” resources to more effectively service Nathan & Associates existing clients who have exposure to the California marketplace.

CBRE Executive Vice President Philip D. Voorhees announced today that he, Jimmy Slusher and their National Retail Investment Group – West (NRIG-West) team completed the sale of the Shops at Stonecreek Plaza, a 52,171-square-foot strip center in the city of Los Banos, Calif., leased to a synergistic mix of regional and local tenants including Petco, Famous Footwear, Dollar Tree, GNC, Metro PCS, Wingstop and a drive-thru Starbucks. The sale price was $12 million, representing a 7.1% cap rate.

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, in conjunction with Voit Real Estate Services, announced today that the two firms completed the sale of...

International award-winning KTGY Architecture + Planning announced today that it has been selected by Orange County-based Civic Partners as the designer of Artisan Alley at The Diamond, a unique retail development located in western Riverside County in...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that Executive Vice President Eric Wohl negotiated the sale of 51st & Southern, a 15,498-square-foot multi-tenant retail property in the Phoenix metro area. The purchase price was $2,325,000

JLL Atlanta announces that Ryan Mandrell has joined the Tenant Rep team at JLL Atlanta as Vice President. A native of Atlanta, Ryan most recently spent four years in New York City with Newmark Grubb Knight Frank, where he was responsible for business & client development, tenant representation, acquisition/disposition, lease portfolio management and strategic advisory and implementation. While there, he completed over 500,000 square feet of transactions and was selected to the 2015 NGKF National Rising Star Retreat.

Plans were announced today for Pinewood Forrest, an innovative mixed-use community located in Fayetteville, Georgia. Envisioned as a community themed and centered around storytellers, the creative and the-creative-at-heart, Pinewood Forrest will go beyond traditional live-work-play plans to become Atlanta’s first Live-Create-Play community. Rising adjacent to Pinewood Atlanta Studios, Pinewood Forrest is designed to inspire and celebrate creativity, and to help people live their best lives.

Oak Grove Apartments Opens in Hitachi Master-planned Community SAN JOSE, Calif. – (RealEstateRama) — ROEM Corporation announced today the opening of its Oak Grove Apartments, a $34 million development in San Jose providing 134 units of permanently affordable housing to low-income families earning at or below 60 percent of the Santa Clara County area median

With plans to grow to 50 agents this year, the emerging real estate firm is built on a foundation of collaboration and client experience. Mercer Vine, a new leader in Southern California luxury real estate, has formally launched its brand by listing 10 properties in some of Los Angeles’ most exclusive neighborhoods. The properties, many of which are undergoing extensive high-end upgrades, have an estimated post-renovation value of $260 million

LBG Real Estate Companies, LLC (“LBG”), a Southern California-based investor in retail real estate, announced that plans have been finalized for the redevelopment of Medford Center, a 420,000-square-foot regional entertainment and lifestyle shopping center in Medford, Oregon, which serves Medford, Grants Pass and Ashland area residents as well as the Rogue Valley’s 3.2 million annual visitors. LBG plans to invest over $12 million to create more than 30,000 square feet of experiential retail and restaurant space for a variety of culinary offerings including brewery and wine-based concepts, complemented by the highly successful Cinemark Tinseltown Theater and other retailers in the already 90% occupied Medford Center

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 completed the sale of a 9,167-square-foot multi-tenant retail pad building, which is part of a neighborhood shopping center anchored by Smart & Final Extra! in Upland, Calif. The sale price of $3.9 million, with a cap rate of 5.48%, represented a record low cap rate for a multi-tenant pad over $3.5 million in the trade area

Ulster County Executive Mike Hein visited Karina Dresses in uptown Kingston, a business that recently relocated from Brooklyn, to announce the launch of two advertising campaigns by the Ulster County Economic Development Alliance focused on promoting Ulster County as the ideal place to live and develop and grow business in today’s always connected economy.

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a three-tenant net leased center located at 253 South Weber Road in Romeoville, IL for $4,200,000. Romeoville is located within the Chicago MSA