Built in 2000 for a culinary arts school, SOCO property sells for $20.35 million

NEWPORT BEACH, Calif. – Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the firm has closed escrow on the purchase of a 53,500-square-foot, two-story medical office building in Santa Ana, California. The purchase price was $20.35 million and Meridian plans to invest an additional $5 million in building improvements. LEADING THE […]

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Finalists announced in construction “Innovation Challenge” competition

KTGY Architecture + Planning announced today that the National Multifamily Housing Council (NMHC) has named its five finalists for its 2019 Innovation Challenge competition with KTGY receiving two finalist honors for “Park House | A Housing Solution for Repurposed Parking Structures” and “High Design, Accelerated Construction.” Every year, the Challenge seeks innovative solutions to vexing apartment industry challenges. This year’s […]

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Space Investment Partners acquires Westport Plaza & Square for $18.4 million

IRVINE, Calif. — Space Investment Partners, an Irvine-based fully-integrated investment, development, and management company, has announced the acquisition of Westport Plaza & Square, a 39,000-square-foot leasehold retail center located in the heart of the E. 17th Street retail corridor at 369 E. 17th Street in Costa Mesa, California. The purchase price was $18.4 million. LEADING THE RCNS HEADLINES: San Jacinto […]

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Four-tenant Huntington Beach building at Sprouts center sells for $4.1M

HUNTINGTON BEACH, Calif. – 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 arranged the sale of a multi-tenant shop building shadow-anchored by Sprouts Farmers Market in Huntington Beach, Calif. The sale price was $4.1 million, representing a cap rate of 4.94%. LEADING THE […]

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Riverside Jack in the Box and Verizon Cell Tower sell for $2.3M

RIVERSIDE, Calif. — 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 has arranged the sale of a two-tenant retail property occupied by a brand-new single-tenant Jack in the Box with a drive-thru and a Verizon cell tower at 1115 W. La Cadena Drive […]

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HIG announces $13 million sale of Temecula LA Fitness

TEMECULA — Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today the $13 million sale of a new single-tenant net-lease investment occupied by LA Fitness in Temecula. Completed earlier this year, the new 37,000-square-foot single-tenant building is strategically situated on 3.69 acres at 29920 Temecula Parkway, and is […]

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Lake Elsinore Marketplace sells for nearly $44.3 million to Irvine-based Pacific Castle

LAKE ELSINORE — Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced today the completed sale of Lake Elsinore Marketplace. LEADING THE RCNS HEADLINES: UPDATE: Details sparse after Idyllwild wreck that killed girl, 15 – victim ID’d Off-duty deputy apprehends hit and run suspect after Hemet 3-car wreck […]

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HIG sells Rialto Coffee Bean & Tea Leaf with drive-thru for nearly $2.9M

RIALTO, Calif. – 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 brand-new single-tenant retail property occupied by The Coffee Bean & Tea Leaf at 1877 North Riverside Avenue in Rialto, California. The sale price was $2.895 million, representing […]

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PERRIS: Hanley Investment Group completes $2.81M sale of single-tenant Del Taco

PERRIS — Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, recently announced that the firm completed the sale of a new construction single-tenant retail property occupied by Del Taco at 51 E. Ramona Expressway in Perris, California. The property’s corporate guaranteed, absolute, triple-net lease has more than 18 […]

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PERRIS: Hanley Investment Group completes nearly $30 million sale of 6 retail pads at Perris Marketplace

PERRIS — Hanley Investment Group Real Estate Advisors, a nationally recognized real estate brokerage and advisory firm specializing in retail property sales, announced last Wednesday that the firm has completed the sale of six retail pads in separate transactions at Perris Marketplace, a 225,000-square-foot Walmart Supercenter-anchored shopping center in the City of Perris. SEE ALSO: Hanley Investment Group negotiates sale […]

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