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Vacation Home Sales Retreat, Investment Sales Leap in 2015

Vacation home sales cooled off in 2015 but remained at the second highest amount in nearly a decade, while investment purchases increased for the first time in five years, according to an annual survey of residential homebuyers released today by the National Association of Realtors®. Mirroring the strong price growth seen throughout the U.S., the median sales price of both vacation and investment homes surged in 2015.

Hanley Investment Group Brokers Sale-Leaseback of Wendy’s in La Mesa for $4,125,000

Hanley Investment Group, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that Executive Vice President Eric Wohl completed the sale-leaseback of a Wendy’s restaurant in San Diego County, California. The 2,806-square-foot single-tenant NNN retail property with a drive-thru is located on .84 acres at 8749 Campo Road, near the intersection of Spring Street and Campo Road in La Mesa. The property sold for $4,125,000, representing a record-setting cap rate for a fee-simple Wendy's sale-leaseback in California.

The Boulder Group Arranges Sale of Net Lease ALDI Ground Lease

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant ALDI ground lease located at 5811 High Street in Portsmouth, VA for $3,280,000

National Real Estate Group: HUD goes too far!

The National Real Estate Investors Association (NREIA) said today that new guidelines issued Monday by the U.S. Department of Housing and Urban Development go too far and will have a chilling effect on criminal background checks used to screen potential tenants. According to HUD, because a disproportionate number of African Americans & Hispanics have criminal records, they face potential discrimination in housing options based on race, in violation of the Fair Housing Act.

CEI Ventures Expands Fund Portfolio with Pika Energy Investment

CEI Ventures, Inc., the for-profit venture capital subsidiary of CEI, announces the initial closing of its fourth fund, Coastal Ventures IV, and the fund’s first investment in Pika Energy, Inc. This investment in the clean energy manufacturer advances CEI’s socially responsible fund portfolio

The Boulder Group Arranges Sale of Net Lease Buffalo Wild Wings Property

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net lease Buffalo Wild Wings property located at 404 Marshall Road in Superior, CO for $2,158,852.

The Boulder Group Publishes 1st 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 1st quarter activity in the National Net Lease Market.

CBRE’s Philip D. Voorhees and NRIG-West Team Complete Sale of University Village

CBRE Executive Vice President Philip D. Voorhees announced today that he and the National Retail Investment Group – West (NRIG-West) team completed the sale of University Village, a 180,681-square-foot non-core, multi-level, theater-anchored entertainment center in Riverside, Calif. The sale price was $43,890,000, representing a 6.20% cap rate.

KTGY-designed Communities Win Silver Nugget Awards

International award-winning firm KTGY Architecture + Planning is pleased to announce that three KTGY-designed residential communities have garnered five top honors in Southern Nevada Home Builders Association 2016 Silver Nugget Awards competition. The Silver Nugget Awards program honors excellence in the Southern Nevada home builders’ industry.

Spend Before You Sell Your Home: Yes? No? Maybe?

Selling your house to move closer to a new job or for retirement is a sure-fire way to increase your anxiety over your furnishings and the overall state of the nest you called home for all those years.

Chapman University’s Musco Center for the Arts Celebrates Grand Opening

KTGY represented the project through the City’s Design Review process including preparation and processing a Specific Plan Amendment, Design Review Committee Review, and outreach to neighbors, students, historic advocacy groups, and community leaders

LBG REAL ESTATE COMPANIES Completes Sale of Newly-redeveloped, 100%-Leased Shopping Center in Huntington Beach,...

LBG REAL ESTATE COMPANIES, LLC (LBG), a Southern California-based investor in retail real estate, announces that the firm has completed the sale of a prime, newly-redeveloped retail center in Huntington Beach, Calif. to a private investor based in Orange County at a sale price of $18,555,000. The sale of the property was brokered by Ed Hanley, Bill Asher and Eric Vu of Hanley Investment Group in an off-market transaction

CBRE’s NRIG-West Team Completes Sale of High-Profile Mill Avenue Properties

CBRE Executive Vice President Philip D. Voorhees and Vice President Brad Rable announced today that the National Retail Investment Group – West (NRIG-West), in union with Executive Vice President Barry Gabel and Senior Associate Chris Marchildon, completed the sale of a +39,979-square-foot two-property portfolio, 420 and 501 S. Mill Avenue in downtown Tempe, Arizona. The properties commanded a combined sale price of $13.8 million.

Hanley Investment Group Completes Sale of Two O’Reilly Auto Parts in $5,537,500

CORONA DEL MAR, CALIF. - (RealEstateRama) -- Hanley Investment Group, 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 of two single-tenant NNN-leased properties occupied by O’Reilly Auto Parts in separate transactions with the same buyer to complete 1031 exchanges. The combined purchase price for both properties was $5,537,500

Energy Department Announces Over $9 Million in Funding for 16 Indian and Alaska Native...

The U.S. Department of Energy (DOE) announced today funding for 24 American Indian and Alaska Native communities to deploy clean energy and energy efficiency projects. DOE plans to invest over $9 million in 16 facility- and community-scale energy projects in 24 tribal communities.

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 2201 N Heritage Street in Kinston, North Carolina for $5,400,000.

Hanley Investment Group Arranges Sale of Single-Tenant NNN Walgreens in Huntington Park, Calif. for...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced the sale of a single-tenant absolute net-leased Walgreens property located at 6100 Pacific Boulevard in Huntington Park, Calif. The purchase price was $11,850,000, which represented a cap rate of 4.22%, the lowest cap rate ever for a single-tenant Walgreens in Los Angeles County priced over $10 million and one of the lowest cap rates for a fee-simple Walgreens nationwide.

Hanley Investment Group Negotiates Sale of Hamilton Center in Huntington Beach for $3.3 Million

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 Hamilton Center, a 6,800-square-foot multi-tenant shopping center in Orange County, Calif., for $3.3 million, representing a cap rate of 4.77%.

The Boulder Group Arranges Sale of PNC Bank Ground Lease

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant PNC Bank Ground Lease located at 1996 Freedom Parkway in Washington, IL for $1,300,000

CBRE’s Philip D. Voorhees and NRIG-West Team Complete Sale of Repositioned Orange County Mall

CBRE Executive Vice President Philip D. Voorhees announced today that he and the National Retail Investment Group – West (NRIG-West) team completed the sale of Buena Park Downtown, a 535,016-square-foot repositioned mall in the city of Buena Park, Calif., anchored by a John’s Incredible Pizza, Krikorian Theatres, 24 Hour Fitness, Ross Dress for Less, Bed Bath & Beyond, TJ Maxx, DSW, Big Air Trampoline, along with a complementary mix of pad and shop tenants.

Recent NAR Press Releases

NAR

Existing-Home Sales Vaulted 9.5% in February, Largest Monthly Increase in a...

Existing-home sales climbed in February, according to the National Association of REALTORS®. Among the four major U.S. regions, sales jumped in the West, South and Midwest, and were

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