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Thomas J. Bisacquino, President and CEO of NAIOP, the Commercial Real Estate Development Association, issued the following statement on the House of Representative’s passage of Protecting Americans from Tax Hikes (PATH) Act of 2015

Sotheby’s International Realty’s November 2015 Greater Los Angeles Market Report revealed that Venice and Westwood-Century City doubled the number of $3 million+ homes sold from September to November compared to the same period last year.

Real estate investing is an attractive career idea for multiple reasons. There’s ample opportunity once the economy begins improving and jobs come back, and there is no shortage of buyers. Rental income is relatively stable if you’re successful at finding tenants, and real estate investments tend to fare better than stocks in a volatile climate. The economy is beginning to stabilize, but events around the world continually rattle investor confidence

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant Family Dollar property located at 12610 South Ashland Avenue in Calumet Park, IL for $857,500.

CBRE Executive Vice President Philip D. Voorhees announced today that he and the National Retail Investment Group – West (NRIG-West) and CBRE’s Net Leased Property Group teams are pleased to exclusively offer for sale, the Consolidated Tomoka Portfolio. This 100% leased offering consists of 14 single-tenant assets totaling 129,400 square feet.

Hanley Investment Group Real Estate Advisors, a nationally-recognized boutique real estate brokerage and advisory firm specializing in retail property sales, announced today that the group has raised awareness and critical funds for men’s health in November, one moustache at a time. Hanley Investment Group raised $35,000 for The Movember Foundation, surpassing what the group raised last year.

Whether your company is expanding or you’re nearing the end of your lease, relocating can be a lot of work on a business. Once you’ve found the new location for your office space, you must diligently come up with a plan of action for the day of the move. While you may not have thought of planning for the move, it is imperative to saving your business time and money.

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 McCalla Centre, a 110,620-square-foot neighborhood shopping center in the city of Santa Ana, Calif., anchored by a high-performing Northgate Market and CVS/pharmacy, along with a synergistic mix of retail and shop tenants. The sale price was $31,800,000, representing a 3.76% cap rate on high occupancy.

Meridian, a full service real estate developer and owner of medical real estate, is pleased to announce that the firm’s 69,000-square-foot medical office building located at 5900 State Farm Drive in Rohnert Park, Calif. has received the prestigious 2015 HREI Insights Award in the category of “Best Renovated or Repurposed Healthcare Facility.”

A Spanish-inspired live/work space has officially arrived with the announcement of “El Jardin,” a new building located in the historic Presidio neighborhood in downtown Santa Barbara. The four-story development at 819 Garden Street, which is co-listed by Sotheby’s International Realty and Hayes Commercial Group, is designed for the business owner or CEO seeking a professional office space and a private home all in one place.

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 represented the buyer and seller in the sale of a single-tenant Bank of America corporate ground lease in Palm Desert, Calif. The purchase price was $2,425,000.

Meridian, a full service real estate developer and owner of medical real estate, is pleased to announce that it has closed escrow on the sale of its 8,700-square-foot dialysis clinic in Fairfield, Calif. The purchase price was $5.15 million, representing a cap rate of 5.5%. This is Meridian’s third dialysis clinic that the company has sold in 2015, having also closed on properties located in Pomona and Modesto, Calif. earlier this year.

Planet Home Living meets the demand of distinguished home-buyers looking for what is often impossible to find: a sleek, modern new home in an established, amenity-rich area. Designed by national award-winning firm KTGY Architecture + Planning, PRISM will offer fifteen single-family detached, new homes in Eagle Rock, just north of downtown Los Angeles. PRISM brings urban living to an already developed residential location walking distance to restaurants, grocery stores and more

National award-winning KTGY Architecture + Planning is pleased to announce that Chris Cuaso, director of design in the firm's Retail Studio, has been invited to participate as a roundtable facilitator at the International Council of Shopping Centers (ICSC) CenterBuild Conference held from December 1-4, 2015, at the JW Marriott Desert Ridge Resort & Spa in Phoenix, AZ. Cuaso will present “Placemaking: Does One Size Fit All?” on Thursday, December 3, at 12:15 p.m., as part of the roundtable program.

National award-winning KTGY Architecture + Planning is pleased to announce that Simon Perkowitz, AIA, PE, a principal in the firm's Retail Studio, has been invited to participate as a roundtable facilitator at the International Council of Shopping Centers (ICSC) CenterBuild Conference held from December 1-4, 2015, at the JW Marriott Desert Ridge Resort & Spa in Phoenix, AZ. Perkowitz will present “How to Make Mixed Use Work,” on Thursday, December 3, at 12:15 p.m., as part of the roundtable program.

The Atlanta Commercial Board of REALTORS® recently held its 2nd annual Commercial Real Estate Studio at the Jewish Federation of Greater Atlanta, featuring Steve Selig, CEO of Selig Enterprises and moderated by son, Scott Selig, Vice President of Selig Enterprises.

Sustained job growth throughout the country and improving credit conditions are forecast to help keep commercial real estate activity expanding into next year, but property prices are likely to slightly cool off after reaching their peak in some major markets, according to the National Association of Realtors®quarterly commercial real estate forecast.

Housing market reports for October 2015 are now available. Below are the year-over-year figures for Palm Beach County from the Realtors® Association of the Palm Beaches (RAPB). RAPB is the 6th largest local association in the country representing over 14,000 REALTOR® members involved in all aspects of residential, commercial, and global real estate throughout Southeast Florida and the Treasure Coast.

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 Pat Kent completed the sale of Hemet Plaza, a 58,035-square-foot shopping center anchored by Big Lots (not part of the sale) and True Value hardware store in Riverside County, California. The purchase price was $5,575,000, representing a cap rate of 6.3%.