Investing

Investing
The Laguna

Meridian Buys Medical Office Building in Laguna Hills, 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 The Laguna, a 57,057-square-foot medical office building in Orange County, California. This acquisition expands Meridian’s footprint in Southern California coming on the heels of last year’s purchase of Cotton Medical Center, a 115,000-square-foot, $49 million medical office complex in Pasadena, California, adjacent to the recently completed Shriners Hospitals for Children and near the Huntington Memorial Hospital.
Circle K_Phoenix_sm

Hanley Investment Group Negotiates Sale of Single-Tenant Circle K in Phoenix

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 Jeremy McChesney has completed the sale of a single-tenant net-leased retail property occupied by Circle K at 5850 W. Indian School Road in Phoenix, Arizona. The purchase price was $1,300,000, which represented a cap rate of 4.62 percent, the lowest recorded closing cap for a Circle K in the U.S. in 2017, according to CoStar.
Monrovia Landing_2

Warner Pacific Properties Announces Grand Opening of T.J.Maxx/HomeGoods Combo Store at Monrovia Landing

Warner Pacific Properties, a real estate investment and development company, announced today the opening of a new T.J.Maxx/HomeGoods combo store at the newly repositioned Monrovia Landing at 735 and 737 E. Huntington Drive (Historic Route 66) and S. Shamrock Avenue, in the City of Monrovia, California. The new store will celebrate its grand opening on Sunday, October 22nd, at 8:00 a.m.
Cricket Wireless Perryville MO

The Boulder Group Arranges Sale of Net Lease Cricket Wireless Property

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net lease Cricket Wireless property located at 1705 Alma Avenue in Perryville, Missouri for $610,000.
Mission Court

Eden Housing to Break Ground on KTGY-designed Affordable Senior Housing Community in Fremont

International award-winning firm KTGY Architecture + Planning announces that nonprofit developer Eden Housing and the City of Fremont will celebrate the groundbreaking of a new affordable housing community at 47003 Mission Falls Court in Fremont, Calif., on Friday, October 13th, at 12 noon. Mission Court Senior Apartments will provide 90 one- and two-bedroom apartment homes for very low and extremely low-income active adults 62 and better who earn between 30 percent and 50 percent of the Area Median Income (AMI).
San Pablo_Emeryville

KTGY-Designed Transit-Oriented Affordable Housing Community Targeting Large Families Breaks Ground

International award-winning firm KTGY Architecture + Planning announces that nonprofit developer, manager and advocate of affordable housing EAH Housing and the City of Emeryville celebrated the ground-breaking of a new 86-unit transit-oriented mixed-use residential development on Wednesday, October 11, 2017, at 3706 San Pablo Avenue in the downtown area of Emeryville, Calif.
7-Eleven Bakersfield

Hanley Investment Group Completes Three 7-Eleven Deals for $9.13 Million, Marking Jeremy McChesney’s 23rd...

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 Jeremy McChesney has completed the sale of three 7-Eleven properties in separate transactions for a combined value of $9,130,000. The properties are located in Los Angeles, San Diego and Bakersfield, California. One of the transactions had a record-low cap rate for 2017.
Theo-KTGY_SM

Theo, Mid-Century-Style Apartments Underway in Pasadena

KTGY Architecture + Planning has designed Theo, a new 105-unit multifamily building rising at 289 N. El Molino Avenue in Pasadena, California. KTGY is working with developer Summerhill Apartment Communities, as well as Pasadena Heritage and City of Pasadena Design Commission, on a structure that addresses its historic surroundings.
Dental One Aurora IL

The Boulder Group Arranges Sale of Single Tenant Net Leased DentalWorks Property

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased DentalWorks property located at 4405 Fox Valley Center Drive in Aurora, Illinois for $2,112,375. The 4,800 square foot DentalWorks property is located within an affluent area, 30 miles west of downtown Chicago.
Platte Magic

Imprev Enhances Real Estate Marketing Automation Services

Real estate’s leading automated marketing services provider, Imprev, just made it easier for real estate brokerages and franchises to generate more business for their agents from their listings. Today, Imprev announces the launch of a new generation of just-in-time content for its Listing Automation service.
Arbys Roseville MI

The Boulder Group Arranges Sale of Net Lease Arby’s Property

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net lease Arby’s Restaurant located at 15195 E Twelve Mile Road in Roseville, Michigan for $1,590,000.
SEC

Barred Broker Charged in Real Estate Investment Scheme

The Securities and Exchange Commission today charged a former broker, his company, and his business partner in an alleged real estate investment scheme utilizing high-pressure sales tactics to pilfer $6 million from retirees and other investors while using the proceeds to fund the broker’s lavish lifestyle and start e-cigarette businesses.
PR Photo DG South Roxana IL

The Boulder Group Arranges Sale of Triple Net Lease Dollar General in the St....

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Dollar General located at 405 Broadway Avenue in South Roxana, Illinois for $588,000. South Roxana is part of the St. Louis Metropolitan Statistical Area.
The Trails at Baker Ranch_Point Reyes Plan

KTGY Earns Recognition for Design Excellence & Innovation at 2017 SoCal Awards

International award-winning KTGY Architecture + Planning is pleased to announce that KTGY’s excellence in residential design and planning have been recognized by the Building Industry Association’s (BIA) Greater Sales and Marketing Council’s 2017 SoCal Awards program.
Q3 - 4

The Boulder Group Publishes 3rd Quarter Net Lease Market Research Report

The Boulder Group’s Research Department has released a new research report providing comprehensive numbers and analysis of the 3rd quarter activity in the National Net Lease Market.
365 Connect Acquires uCribs

365 Connect Acquires uCribs – The Largest Rental Housing Search Engine Dedicated to Apartments...

365 Connect, a leading provider of award-winning marketing, leasing, and resident technology platforms for the multifamily housing industry, announced today the acquisition of uCribs, the largest search site dedicated to apartments near universities. The acquisition will expand the reach of 365 Connect into off-campus housing markets throughout the nation, adding millions of rental units to its marketing platform.
Andy Hoover_Meridian

Healthcare Executive Andrew Hoover Joins Meridian as Vice President of Business Development

Meridian, a full-service real estate developer specializing in acquiring and developing real estate facilities for the healthcare sector, announced today that senior healthcare executive Andrew Hoover has been hired as Vice President of Business Development. Hoover will play a leadership role in business development and facility acquisition for Meridian’s portfolio of major medical industry clients in the Southern California market. He will be based in the firm’s Irvine, California office.
DOI

Secretary Zinke Announces $94.3 Million to States for Parks and Outdoor Recreation through Land...

U.S. Secretary of the Interior Ryan Zinke today announced that $94.3 million will be distributed for outdoor recreation and conservation projects to the 50 states, U.S. territories, and the District of Columbia from the Land and Water Conservation Fund (LWCF), which is funded through offshore oil and gas leasing. These funds are awarded through federal matching grants that leverage public and private investment in America’s state and local public parks.

Kennedy Wilson Represents Seller in the Sale of Notable San Diego Office Property in...

Global real estate investment and services firm, Kennedy Wilson , has negotiated a two-part sale of the ground lease and underlying fee interest in land located at 1420 Kettner Blvd. in the Little Italy submarket of San Diego, California. The seven-story building is comprised of approximately 123,000 square feet of commercial office space and sits on a 2.6-acre parcel of land.
Manny Gonzalez

Santa Fe Association of REALTORS® Hosts “Bring Workers Home” Multi-Family Housing Conference

The Santa Fe Association of REALTORS® is hosting a Multi-Family Housing Conference on Thursday - September 28, 2017, from 9 a.m. to 2 p.m. at the Santa Fe Community Convention Center. The event is devoted to raising awareness of multi-family housing by providing a forum for key stakeholders to explore opportunities to promote, encourage and grow workforce housing in our region.
AirGMS

Vacation Rental Software Developed By Airbnb Hosts Is Setting New Industry Standards

AirGMS is a Vancouver startup that is making life a lot easier for a new generation of Airbnb hosts. By differentiating itself from the crowd with a number of exclusive features - such as native autoresponders - AirGMS is proving to be a game changer for vacation property managers, whether they have hundreds of properties or just a handful.
IRS Orland Park IL

The Boulder Group Arranges Sale of an GSA Building in the Chicago MSA Occupied...

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Internal Revenue Service (IRS) office building located at 14479 S. John Humphrey Drive in Orland Park, IL for $3,250,000.
Congresswoman Eleanor Holmes Norton

Norton Presses Importance of Pre-Disaster Funding at Committee Hearing

As an Economic Development, Public Buildings, and Emergency Management Subcommittee hearing yesterday on 21st Century Infrastructure quickly became chiefly devoted to the impacts of recent hurricanes, Congresswoman Eleanor Holmes Norton (D-DC) raised the increasing importance of finding ways to improve investments in pre-disaster infrastructure
Park House

KTGY Architecture + Planning Receives Two AIA Orange County Design Awards for Residential Planned...

International award-winning firm KTGY Architecture + Planning is pleased to announce that KTGY’s design and planning were honored at the American Institute of Architects Orange County Chapter (AIAOC) 2017 Design Awards last night. The AIAOC Design Awards program recognizes innovative solutions to the complex problems of today’s architectural environment in Orange County or by Orange County architects.
Walgreens Lakemoor IL

The Boulder Group Arranges Sale of Single Tenant Net Leased Walgreens

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Walgreens property located at 28895 West Highway 120 in Lakemoor, Illinois for $7,250,000.
NAR

Outlook Remains Bright for Commercial Real Estate Despite Price Plateau

Commercial real estate price growth in large markets is expected to flatten over the next year, but strong leasing demand and investor appetite in smaller markets should keep the sector on solid ground, according to the latest National Association of Realtors® quarterly commercial real estate forecast
AAP Aurora IL

The Boulder Group Arranges Sale of Single Tenant Net Leased Advance Auto Parts in...

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Advance Auto Parts located at 1386 Butterfield Road in Aurora, Illinois for $2,150,000. The Advance Auto Parts property is located just off of the heavily trafficked signalized intersection of Kirk Road and Butterfield Road.
Grunow Medical Center

Meridian Buys Historic Grunow Memorial Medical Center in Phoenix

Meridian, a full-service commercial real estate developer based in California, is pleased to announce the purchase of Grunow Memorial Medical Center, a landmark 51,150-square-foot two-story medical office building located at 926 East McDowell Road in Phoenix, Arizona. The seller was PacVentures, a real estate investment firm based in San Diego, California. Meridian paid nearly $5 million for the 40 percent leased building located near Banner Health University Medical Center’s Phoenix Campus and Phoenix Children’s Hospital. The acquisition of Grunow Memorial Medical Center represents Meridian’s first major transaction outside of California
Bakers Square Willowbrook IL

The Boulder Group Arranges Sale of Single Tenant Net Leased Bakers Square Property

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Bakers Square Restaurant located at 7409 Kingery Highway in Willowbrook, Illinois for $1,317,000.
Seco Canyon

Hanley Investment Group Represents Buyer & Seller in Sale of CVS/pharmacy-Anchored Shopping Center in...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that President Ed Hanley and Executive Vice President Kevin Fryman represented the buyer and seller in the sale of Seco Canyon Village, a 42,134-square-foot shopping center anchored by CVS/pharmacy located in the Los Angeles metro area. The purchase price was $15,520,000.

Popular Government & Nonprofit Press Releases

Natural Resources

Onshore Energy Bill Draws Praise as Subcommitte Continues Broad Overhaul of...

The Subcommittee on Energy and Mineral Resources heard testimony on a discussion draft of the “Opportunities for the Nation and States to Harness Onshore Resources Act” or “ONSHORE Act.” The bill allows states with established regulatory programs to seek primacy for the implementation of federal permitting responsibilities for oil and gas development on federal lands

Recent Government & Nonprofit Press Releases

The White House

President Donald J. Trump Announces Intent to Nominate Leonard Wolfson to...

If confirmed, Leonard Wolfson of Connecticut will serve as Assistant Secretary of Housing and Urban Development. Mr. Wolfson has served as Associate Vice President of Legislative Affairs for the Mortgage Bankers Association, where he helped the real estate finance industry recover from the financial crisis by advocating for a return to safe and sustainable lending.