Property, Rentals, Transactions

C.W. DRIVER BEGINS CONSTRUCTION ON 460,000-SQUARE-FOOT FOUNTAINVIEW AT GONDA IN WEST LOS ANGELES

LOS ANGELES – Sept. 11, 2014 – C.W. Driver, a premiere builder serving California since 1919, has begun construction on Fountainview at Gonda West Los Angeles Westside Campus. Situated on 2.5 acres in the Playa Vista neighborhood, the 460,000-square-foot continuing care retirement community will provide more than 500 Westside seniors with a full range of active living, healthcare and in-home services. Designed by Gensler, the $100 million complex will feature 175 luxurious apartment units for independent living as well as 24 assisted living and memory care. Construction is scheduled for completion in 2016.

Fewer Home Sales, Slower Price Increases

DENVER – September 16, 2014 – (RealEstateRama) — As has been true throughout 2014, August home sales remained below the pace set in 2013. However, last month’s sales were 10.2% above the number of sales seen in August 2012, and were 17.8% higher than August 2008 sales, when the RE/MAX Housing Report began. The Median Sales Price of all homes sold in the 52 metropolitan areas surveyed in August was $202,500, which was 7.5% higher than the median price last August.

KTGY-Designed Pedestrian-Oriented Apartment Community Nearing Completion in Denver

DENVER, COLO. – September 16, 2014 – (RealEstateRama) — Award-winning national firm KTGY Group, Inc., Architecture + Planning, is pleased to announce that Aster Conservatory Green apartment community in Denver, Colo., is nearing completion. Designed by KTGY and developed by Forest City Enterprises of Cleveland, OH (NYSE:FCE.A), Aster Conservatory Green is a pedestrian-oriented community of 352 apartment homes, adjacent The Shops at Northfield Stapleton, and located in the award-winning master-planned community of Stapleton, near downtown Denver. Aster Conservatory Green is the first apartment community to be built in Northfield and is targeting both young professionals and families. The apartment community is expected to be completed at the end of September 2014

Four-Property Hudson County Multi-Family Portfolio Sale Arranged by Gebroe-Hammer Associates Sells for $21 Million

JERSEY CITY/HOBOKEN, N.J., – September 12, 2014 – (RealEstateRama) — The $21 million sale of a four-property Hudson County multi-family portfolio, with units located throughout Jersey City and Hoboken, has been arranged by Gebroe-Hammer Associates of Livingston, N.J. Nicholas Nicolaou, vice president and the firm’s Hudson County market specialist, exclusively represented the seller, a long-time Gebroe-Hammer client, and the buyer, a private investment group with additional holdings throughout Hudson County.

August Park City Utah Real Estate Update

WASHINGTON – September 12, 2014 – (RealEstateRama) — Real estate activity within the Park City, Utah area is definitely not back to pre-recession norms. But, the numbers are quite promising for buyers, especially in the Park City single family home sector. There was a 15% increase, year-over-year, active single family home listings, and a 14% [...]

KTGY Principal Ken Ryan to Participate in American Planning Association California Conference, Two Sessions

“E Ticket Avoidance! How to Make Sure Your Community Participation Program is a Friendly Ride” and “All Aboard! Anaheim Regional Transportation Intermodal Center: From Vision to Reality” IRVINE, CALIF. – September 12, 2014 – (RealEstateRama) — Award-winning national firm KTGY Group, Inc., Architecture and Planning, is pleased to announce that Ken Ryan, Principal and head [...]

CT REIA Best In The Business Property Management Secrets Workshop

WASHINGTON – September 10, 2014 – (RealEstateRama) — The WORKSHOP EVENT You Must-Attend to Discover Secrets that Can Put at Least $14,000 Extra in Your Pocket in 6 Months and Even More Every Year From Now On, AND Eliminate Your Need for “Pain-Killers’ Due to Property-Management Headaches!

CBRE TAPPED TO MARKET NEW PEMBROKE PINES LUXURY RESIDENTIAL COMMUNITY

Pembroke Pines, FL – September 9, 2014 – (RealEstateRama) — CBRE has been engaged as exclusive marketing representatives for Altis at Sheridan Village, a new Class AAA residential community in Pembroke Pines, FL. The premier South Broward investment asset at 16700 Sheridan Street features 300 units, averaging 1,093 square feet, each with individual private entries, and luxury amenities. Residents began moving in March 2014 and the property is now nearing stabilized occupancy.

CT REIA Sep 2014 Monthly Meeting – Automate Your Real Estate Business

WASHINGTON, D.C. – September 9, 2014 – (RealEstateRama) — Learn to use the key steps and tools of automation to run your investing business from the comfort of your home, home office or even your couch!

Torrance Carpenter Village Shopping Center Sells for $11.5 Million

TORRANCE, CA – September 9, 2014 – (RealEstateRama) — Sheri Messerlian, Senior Vice President with NAI Capital’s South Bay office, represented the Seller, Carpenter Center LLC, in the sale of a 31,000 sq. ft. Carpenter Village, a multi-tenant retail property located 2814 Sepulveda Blvd in Torrance, CA to the Buyer, KL Plaza LLC. The Buyer was represented by K-Town Realty & Management. The value of the sales transaction was $11.5 Million

Sperry Van Ness Rich Investment Real Estate Partners Adds $1-Billion Broker to Burgeoning Los Angeles Team

Los Angeles – September 6, 2014 – (RealEstateRama) — Sperry Van Ness Rich Investment Real Estate Partners, a commercial real estate services franchisee, is proud to announce the addition of 30-year commercial real estate veteran Joe Penich to Sperry Van Ness – Rich Investment Real Estate Partners. Joe Penich who will serve as Vice President

BH Properties Acquires 62,776-square-foot Warehouse in Phoenix

PHOENIX/LOS ANGELES – September 6, 2014 – (RealEstateRama) — BH Properties, a Los Angeles-based firm that specializes in acquiring and repositioning challenged or distressed real estate properties, has purchased the Shasta Beverages, Inc. warehouse facility, located at 301 S. 29th St. in Phoenix, for $1.9 million. The all-cash deal closed in 18 days.

BRIAN CHARTRAND NAMED PRESIDENT OF DRIVER URBAN

IRVINE, Calif. – September 5, 2014 – (RealEstateRama) — With more than 17 years of diverse experience and industry knowledge, Brian Chartrand, LEED-AP, has been named president of Driver URBAN, a subsidiary of C.W. Driver. Answering the increased demand for higher density, urban living, Driver URBAN specializes in the construction of multi-family apartments, mixed-use developments, student and senior housing, affordable housing, and hospitality projects. Chartrand oversees all operations and client relations at Driver URBAN in his role as president in addition to sitting on the executive board of the parent company

Hanley Investment Group Negotiates Sale of Two Single-Tenant Bank Properties for $12.5 Million

IRVINE, CALIF. – September 5, 2014 – (RealEstateRama) — Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the western United States and a market leader in the sale of retail properties, announced today that the company has negotiated the sale of two single-tenant NNN bank properties totaling more than $12.5 million.

CBRE BRINGS TO MARKET DOWNTOWN MIAMI HOTEL

Miami, FL – September 2, 2014 – (RealEstateRama) — CBRE has been exclusively engaged to market the Courtyard Miami Downtown, a 233-room Marriott property located on a prime 1.07-acre site in the heart of downtown Miami, one of the most sought-after real estate markets in the country. Located at 200 SE 2nd Avenue, the property holds the potential for redevelopment into as many as 1,070 condominium units under the current Miami 21 zoning code. CBRE is marketing the property on behalf of owner AVR Realty

KTGY-Designed Gen-Y Mixed-Use Development Underway in Historic Downtown LA Neighborhood

IRVINE, CALIF. – September 2, 2014 – (RealEstateRama) — Award-winning national firm KTGY Group, Inc., Architecture + Planning, is pleased to announce that construction is under way on Olympic & Olive, a luxurious new 201-unit mixed-use rental community in downtown Los Angeles, developed by Miami-based Lennar Multifamily Communities. Designed by KTGY, the contemporary 1.08-acre development is located in the South Park neighborhood on the southwest corner of Olympic Boulevard and Olive Street and is Lennar’s first project in Downtown Los Angeles. Olympic & Olive is slated for completion in summer 2016

Westwood Financial Corp. Signs Publix Super Markets as Anchor Tenant

ROCK HILL, S.C. /LOS ANGELES – September 2, 2014 – (RealEstateRama) — Westwood Financial Corp. (WFC), one of the largest privately held owner-operators of retail properties in the United States, has announced that Publix Super Markets has now opened as the new anchor tenant at WFC’s Cherry Road Crossing, located off the Cherry Road exit on Highway 77 in Rock Hill, South Carolina, replacing Bi-Lo

CBRE SELLS SINGLE-TENANT PROPERTY OCCUPIED BY FAMILY DOLLAR

West Palm Beach, FL – September 2, 2014 – (RealEstateRama) — CBRE arranged the sale of a single-tenant retail property leased to Family Dollar. The buyer, Kingyard Assets II, LLC, purchased the property at 4700 Broadway/US Highway 1 in West Palm Beach for $1,499,300 from Bonita Crown Pharmacy, LLC, a Florida-based private investor who hired CBRE to market the asset for sale and negotiate the transaction

RE/MAX Named a Leading Low-Cost Franchise

DENVER – September 2, 2014 – (RealEstateRama) — RE/MAX, LLC has been named among the leading low-cost U.S. franchises for 2014 by Entrepreneur magazine. The global real estate leader ranked the highest among real estate brokerage franchises, and 11th overall on this year’s list, which included 95 franchises “that can be started for less than $50,000.” The list appeared in the magazine’s August edition.

ALDER LAND GROUP LISTS AGRICULTURAL & HUNTING LAND LEASE PROJECT OF OVER 3500 ACRES

SALISBURY, MD – August 29, 2014 – (RealEstateRama) — Ben Alder, Senior Advisor of the Alder Land Group at Sperry Van Ness – Miller Commercial Real Estate in Salisbury, MD recently listed 26 farms totaling 3500 acres for lease. The farms are located throughout Maryland and Delaware and offer hunting and agricultural leases. Of the 3,500 total acres, over 2,000 acres in the offering are tillable. Bids for farmland and hunting land leases are due on October 15, 2014