Urgo Hotels & Resorts and Ensemble Hotel Partners Announce Marriott Ithaca Opening in Downtown Ithaca, NY

Mathew Jalazo

BETHESDA, MD and BROOKLYN, NY, Dec. 14, 2016 –A joint venture between Urgo Hotels & Resorts and Ensemble Hotel Partners announced the opening of the 10-story, 159-room, full-service Marriott Hotel in downtown Ithaca, New York.

 Located at the eastern entrance to the Ithaca Commons, a newly renovated pedestrian indoor and outdoor mixed-use development and entertainment district anchoring the downtown core, the hotel sits on the doorsteps of Cornell University and Ithaca College.

 The joint venture developed and owns the project, and the hotel will be managed by Urgo Hotels & Resorts.

“The Marriott Ithaca will act as a gateway to the newly renovated commons in downtown Ithaca, with its numerous restaurants, retail and entertainment options,” said Mathew Jalazo, vice president of development at Urgo

“When designing the project, we focused on the architecture and interior design to incorporate aspects of the local community and Cornell, including custom guestrooms and a lobby that acts as gathering place for hotel guest and locals alike.

“Furthermore, this is Ithaca’s first new hotel in downtown in more than 10 years and the only Marriott-branded hotel located downtown.  We believe the combination of the strength of the Marriott brand and the quality of the hotel’s facilities and amenities, along with its unique location, will allow the property to outperform its competitive set in a short period of time.” 

Marriott Ithaca Hotel, Downtown Ithaca, NY

The 159-room full-service Marriott hotel features a 10-story design on 8,430 square feet of land with a state-of-the-art fitness center and Monks on the Commons, a restaurant and bar with indoor/outdoor seating located on the pedestrian commons boasting floor-to-ceiling windows with views of Cornell and the surrounding downtown amenities.  

The hotel has approximately 3,000 square feet of meeting/function space on the second floor with floor-to-ceiling windows and guestrooms on the second level and floors three through ten. 

 “While this marks our first entry into Ithaca, this is our 16th property in the New York metro area and our 17th Marriott family branded hotel,” Jalazo added. “2016 has been a record year for Urgo. The Ithaca Marriott will be the sixth new development property we opened this year, with our seventh opening next week.” 

“Our portfolio has grown more than 28 percent in 2016 to a total of 46 properties and approximately 6,600 rooms, including all owned, third-party management and under development projects contracts,” Jalazo noted.  “Our pipeline remains quite full, with six properties under construction and five in the development phase, and we expect to enjoy similar growth in 2017.”

For a complete copy of the company’s news release, please contact:

Chris Daly

Daly Gray Public Relations

703 435 6293

chris@dalygray.com

www.dalygray.com

www.urgohotels.com

CBRE Hotels Finds U.S. Hotel Spas A Great Source of Revenue

 

Mark VanStekelenburg

New York, NY, Dec 14, 2016 – In 2015, hotel spa department revenue grew at a faster pace compared to other sources of hotel revenue. According to the recently released 2016 edition of Trends® in the Hotel Spa Industry, U.S. hotel spa departments were able to increase their revenue by 5.6 percent from 2014 to 2015.

This compares favorably to a 3.3 percent rise in rooms revenue for the properties in the survey sample, and a 5.5 percent increase in total hotel revenue. This is the first time since the 2007 edition of the publication that spa revenue growth surpassed rooms revenue growth.

“CBRE Hotels’ Americas Research is projecting modest gains in rooms revenue for the next few years as the U.S. lodging industry operates at the top of the business cycle,” said Mark VanStekelenburg, managing director of the CBRE Hotels practice in New York City. “Therefore, hotel operators will need to look at other operated departments, like the spa, in order to accelerate the growth of total hotel revenue.

“Health and wellness is becoming an increasingly important component of everyday life.  Though historically considered as an exclusively high-end hotel amenity, the integration of health and travel is now expected, at almost all hotels,” VanStekelenburg added.

In 2015, spa revenue grew more robustly than total hotel revenue at both urban and resort hotels, as well as hotels with more than $1 million in spa revenue. Spa operations with less than $1million in sales were the only properties where spa revenue growth lagged behind the increase in total hotel revenues.

CBRE Hotels has surveyed the profitability of U.S. hotel spa performance for ten years. The annual review compiles revenue and expense items within spas operated by U.S. hotels. Not included in the survey are hotel spa operations that are leased to an outside party, day spas or destination spa properties.

To purchase a copy of the 2016 edition of Trends® in the Hotel Spa Industry, please visit: https://pip.cbrehotels.com

For a complete copy of the company’s news release, please contact:

Chris Daly

Daly Gray Public Relations

703 435 6293

chris@dalygray.com

www.dalygray.com

www.cbre.com.

WNC Closes First Fund Dedicated to Preserving California Affordable Housing Communities

Will Cooper Jr.

IRVINE, Calif. –– WNC, a national investor in real estate and community development initiatives, announced it has closed WNC California Preservation Equity Fund, the firm’s first institutional fund exclusively dedicated to preserving affordable housing communities in California. 

WNC California Preservation Equity Fund is expected to acquire and preserve $120 million of affordable housing communities.

“The demand for affordable housing in California outweighs the available supply, resulting in a crucial need to preserve aging low-income homes,” said WNC President and Chief Executive Officer Will Cooper, Jr. “WNC is pleased to close this fund with the support of five CRA-qualified investors as we work to preserve and protect these vitally needed affordable housing communities.”

To date, WNC has invested equity from the fund into the preservation of five low-income housing communities in the counties of Los Angeles, Orange, Riverside and Madera. Combined, the five properties offer 507 affordable housing units to seniors and families.

WNC California Preservation Equity Fund is anticipated to be fully invested by the fourth quarter of 2017. The fund is structured to provide investors a cash-on-cash return.

  For a complete copy of the company’s news release, please contact:

    Julie Leber                                                                         

    Spotlight Marketing Communications                    

    949.427.5172, ext. 703                   

    julie@spotlightmarcom.com

        

www.wncinc.com.

Capital Square 1031 and Kay Properties Acquire 268-Unit Multi-Family Community in Richmond, Virginia’s West End

Seth Harris

RICHMOND, Va. (Dec. 14, 2016) – Capital Square 1031 and Kay Properties & Investments announced today the acquisition of the Maple Springs Apartments, a 268-unit multi-family community located in Richmond, Virginia’s West End.

Maple Springs Apartments is comprised of 23 two-story residential buildings and a clubhouse, situated on 18.5 acres of land. 

Located at 5624 Maple Run Lane, the community features a mix of studio, one-, and two-bedroom units ranging in size from 434 square feet to 864 square feet. Maple Springs Apartments includes 425 parking spaces. The property was approximately 95 percent occupied at the time of acquisition.

“Prior to Capital Square and Kay’s combined acquisition of Maple Springs Apartments, the seller completed extensive common area and interior apartment upgrades which have positioned the property as a high quality apartment community,” said Seth Harris, executive vice president and head of acquisitions at Capital Square 1031.

Adding to its attractiveness, the community enjoys an enviable location in Richmond’s West End, one of the city’s top residential markets that has consistently achieved strong rent growth and low vacancy rates. Capital Square is pleased to add this property to its assets under management, now including 58 real estate assets valued at approximately $566 million, based on investment cost,” said Louis Rogers, founder and chief executive officer of Capital Square 1031.

 For a complete copy of the company’s news release, please contact:

    Julie Leber                                                                         

    Spotlight Marketing Communications                    

    949.427.5172, ext. 703                   

    julie@spotlightmarcom.com

                                       

Capital Square 1031 Completes DST/1031 Exchange Offering of 220-Unit Multi-Family Community in San Antonio, TX

  

Louis Rogers

SAN ANTONIO, TX -– Capital Square 1031 announced its Delaware statutory trust offering, CS1031 Canopy Apartments, DST, comprised of The Canopy, a 220-unit multi-family community in the north central submarket of San Antonio, has been fully subscribed by investors.

CS1031 Canopy Apartments, DST is the 25th DST the firm has closed since its founding in late 2012.

Approximately 97 percent leased, The Canopy includes 13 two- and three-story residential buildings, as well as a clubhouse with fitness and business centers. The community sits on 8.6 acres of land located at 950 Bitters Road East, approximately one-quarter mile from U.S. Highway 281.

Residents and visitors also can access The Canopy via Interstates 410, 35 and 10, as well as Texas State Highway Loop 1604. The property features 272 parking spaces.

 The property was acquired in July 2016 with a fixed interested rate of 3.73 percent for 10 years under the Federal National Mortgage Associate Delegated Underwriting and Servicing loan program.

“The Canopy is an attractive multi-family property with an extensive amenity package,” said Louis Rogers, founder and chief executive officer of Capital Square 1031. “Residents of the community enjoy convenient access to numerous employment centers, as well as medical, retail, entertainment and recreational amenities.”

 For a complete copy of the company’s news release, please contact:

    Julie Leber                                                                         

    Spotlight Marketing Communications                    

    949.427.5172, ext. 703                   

    julie@spotlightmarcom.com

                                      

www.CapitalSquare1031.com.

HFF closes $55.6 million sale and arranges $39.06 million financing for four-building office portfolio in Orange County, CA

Brea Corporate Plaza, Brea, CA

Ryan Gallagher

 NEWPORT BEACH, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $55.6 million sale of and arranged $39.06 million in financing for Brea Corporate Plaza and Brea Park Centre, a four-building office portfolio totaling 290,657 square feet in the Orange County community of Brea, California.  

HFF marketed the property on behalf of the seller, The PRES Companies and Mariner Real Estate Management, and procured the buyer, JCR Capital, who provided the majority of the equity capital for the purchase.

 This is the first acquisition for the partnership of JCR/PRES in which their proposed business strategy will be to sell off the four buildings on an individual building basis over the next few years.  PRES will retain a strong working relationship with Mariners as the partnership will continue on other known holdings. 

Additionally, HFF worked on behalf of the new owner to secure a three-year, floating-rate acquisition loan through Prime Finance.  The financing has two 12-month extensions and was used to acquire the asset and fund additional advances for capital improvements and leasing costs. 

Brea Corporate Plaza and Brea Park Centre consist of four multi-tenant office buildings located at 500 S. Kraemer Boulevard, 2601 Saturn Street, 2650 Imperial Highway and 3230 E. Imperial Highway. 

Derreck Barker

All four properties offer exceptional visibility along Imperial Highway and immediate access to more than four million square feet of retail and service amenities, and a variety of executive housing options throughout Orange County. 

Within walking distance is La Floresta, a 120-acre master-planned community featuring Whole Foods, Corepower Yoga and Mendocino Farms as well as 1,100 residential units and neighborhood parks.  Combined, the properties are 85 percent leased to tenants, including Nestle, FoxConn, Citizen Business Bank and Sedgewick Claims Mgmt. 

   

The HFF investment sales team representing the seller was led by senior managing director Ryan Gallagher, associate director Derreck Barker and director Tim Geiman.

HFF’s debt placement team was led by director John Chun, associate director Lee Redmond and real estate analyst AJ Manas.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Director, Marketing

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

www.mariner-re.com.

HFF closes $22.5 million sale of and assists with $17.3 million financing for Bank of America Plaza in Greenville, SC

Bank of America Plaza, 101 North Main Street, Downtown Greenville, SC

Ryan Clutter

CHARLOTTE, NC –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $22.5 million sale of and assisted in arranging $17.3 million in financing for Bank of America Plaza, a 15-story, 196,152-square-foot, iconic office tower in Greenville, South Carolina. 

HFF marketed the property on behalf of the seller, Hughes Development Corporation.  RealOp Investments purchased the asset and was assisted by HFF in securing the $17.3 million, floating-rate acquisition loan. 

Bank of America Plaza is located at 101 North Main Street in downtown Greenville, which anchors ONE City Plaza in the center of Greenville’s award-winning Main Street.  Other nearby amenities include Falls Park, Fluor Field, The Bon Secours Wellness arena and numerous dining and shopping options. 

The building was extensively renovated in 2014 and features direct connectivity to the adjacent Aloft Hotel and its WXYZ bar, as well as two parking structures on either side of the building. 

Additionally, tenants have access to a new fitness center complete with locker rooms and showers.  Bank of America Plaza is roughly 80 percent leased to tenants, including IBM, Bank of America, iHeartMedia and Next on Main, a creative office hub that caters to Greenville’s entrepreneurial workforce.

Scot Humphrey

The ground-floor retail component of the building is home to Methodical Coffee, TAZ Boutique and the iStore, an Apple reseller. 

The HFF investment sales team representing the seller was led by senior managing director Ryan Clutter, director Scot Humphrey, associate director Chris Lingerfelt and real estate analyst Zach Drozda.

“Bank of America Plaza is an exceptionally well located office building in the heart of downtown Greenville, South Carolina, one of the more dynamic markets in the state,” commented Clutter.

 “Investment capital was attracted to the asset’s compelling features and the notable economic growth occurring in Greenville.  We anticipate steady demand for Greenville investment opportunities in 2017 and beyond as the region continues to post favorable trends appealing to investors.” 

HFF’s debt placement team was led by senior managing director Travis Anderson and director Brent Bowman. 

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Director, Marketing

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

krmurphy@hfflp.com

JLL Boosts Phoenix Investment & Finance Platform with Two New Hires: Robert Kline and Dan Postal

Robert Kline

PHOENIX, AZ, Dec. 13, 2016 – In an effort to strengthen its already broad suite of finance and investment capabilities, JLL today announced the addition of two market experts in the firm’s Capital Markets group.

Industry veteran Robert Kline has joined JLL’s Capital Markets, Finance unit as a Managing Director in the Phoenix office. Dan Postal has joined the firm as a Senior Vice President.

Kline will focus his efforts on a broad range of services including debt and equity, CMBS loans and foreign capital, partnering with Senior Managing Director Dennis Desmond and Executive Managing Directors Tom Fish, Tom Melody and Mike Melody.

Postal has teamed up with Senior Vice President Brian Ackerman to focus on investment sales and owner/user acquisitions and dispositions.

“We continue to build the Finance group within our Capital Markets platform,” said Fish. “We are excited to welcome Robert to JLL, as he helps to round out an experienced and professional team in the Southwest. He fills a vital role for us in Phoenix and brings a successful national finance practice to our firm.”

Dan Postal

“Robert’s vast client network and depth of experience across all aspects of real estate finance are an invaluable addition to our already robust platform in Phoenix. 

"We continue to look to improve our clients’ experience and grow our business with marquee hires such as Robert,” added Desmond.

 “Dan also adds a tremendous entrepreneurial mind to our team. His experience servicing a diverse mix of local and national clients enables us to provide an even broader scope of services to the market.”

Added Ackerman, “Dan will be a very valuable asset as we look to stay ahead of market dynamics in Phoenix. I am excited to grow this platform to take advantage of the strong demand in the market.”

Kline brings nearly 35 years of commercial real estate experience to JLL. He previously worked at a global commercial real estate firm and has been directly involved in the disposition of $5.5 billion in assets, $9.7 billion in commercial property restructuring and has completed more than 600 note sales.

 He holds a degree from University of Miami and in 2010 was elected to the Urban Land Institute’s Board of Governors.

Dennis Desmond

Postal brings more than 20 years of commercial real estate and financial experience to the team. Most recently, Postal provided site selection services including fiscal impact studies and location incentives for national projects and commercial property tax services in the Southwest.

Postal has been recognized by the Phoenix Business Journal in its “Forty Under 40,” Arizona Republic as part of its “35 Entrepreneurs 35 and Under,” AZRE’s 2015 Big Deal of the year winner, and Cystic Fibrosis Foundation’s “Man of the Year” for AZ’s Finest.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 

The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. 

In 2015 alone, JLL Capital Markets completed $140 billion in investment sale and debt and equity transactions globally. The firm’s Capital Markets team comprises more than 2,000 specialists, operating all over the globe.

For more news, please visit The Investor, an online and mobile app news source providing real-time commercial real estate news to asset buyers and sellers around the world.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: http://bit.ly/18P2tkv.

For a complete copy of the company’s news release, please contact:

Stacey Hershauer

focusAZ

Marketing & Public Relations

(480) 600-0195

www.focusaz.com

Hold-Thyssen Negotiates Office Sale at Tampa’s Westchase Commons

Theresa Margaris

Tampa, FL --- Hold-Thyssen, Inc. recently negotiated the $410,000 sale of a stand-alone office building built in 2007 with 2,500 useable square feet and ample parking in Westchase Commons, 13043 W. Linebaugh Ave., Tampa.

Transaction specialist Theresa Margaris at Hold-Thyssen’s Clearwater office brokered the sale representing both the seller, Tampa-based Prospect Smarter, LLC and the buyer, Creed Law Group, which specializes in complex business litigation.   

Hold-Thyssen, Inc. provides commercial property and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States. 

For a complete copy of the company’s news release, please contact:

Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com

Hold-Thyssen Negotiates Investment Sale and Lease Transactions in New Port Richey, FL

  

Carol Kinnard

 New Port Richey, FL --- Carol L. Kinnard, transaction specialist at Hold-Thyssen, LLC, a commercial real estate services firm with offices in Clearwater, recently brokered the $120,000.00 sale of a medical office building at 5434 Grand Blvd. in New Port Richey.

Kinnard, who represented the seller, David M. Allen, DPM, said Clearwater-based Ameritech Property Management, Inc. purchased the property, which consists of a free-standing 1,144 square foot building on 0.38 acre, lies within the City of New Port Richey.

“Carol Kinnard was able to list and close the sale of my building in less than three months when adjacent properties have been on the market from six months to more than two years,” said Dr. Allen. 

Kinnard also negotiated two new leases on behalf of the private investor landlord at 5423 Main St. in New Port Richey known as the Hercules Center.    Home Instead Senior Care, relocating from Massachusetts Avenue, leased 1,500 square feet.  Kelly Carter leased 800 square feet at the center to establish a nail salon business that she relocated from Colorado. 

At the Massachusetts Center, an office/retail strip center at 7208 Massachusetts Ave.  in New Port Richey,   Kinnard represented owners/landlord John H. and Christina Pimenidis/Kostas A. and Pauline Magganas, in a lease agreement with Iglesia Cristo Church for 1,000 rentable square feet.  The church moved from a nearby location due to growth and their need for additional parking.

For a complete copy of the company’s news release, please contact:

Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com

NAI Realvest Completes Two New Lease Agreements in Kissimmee, FL with South Florida Importer and Houston based Staffing Firm

  

Megan Minter

ORLANDO, FL--- NAI Realvest recently completed two new long-term lease agreements totaling more than 4,400 rentable square feet in Kissimmee.  

Jeff Bloom, CCIM vice president at NAI Realvest and associate Megan Minter represented the landlord Sherwin Williams Company of Atlanta in the lease of 2,550 square feet at 1003 E. Vine St. off of Hwy 192.  The new tenant is Houston-based Pacesetter Personnel Services.

NAI Realvest principal Michael Heidrich represented the landlord Alliance Michigan Commerce Center III, Ltd. of Maitland, in the lease of 1,860 square feet at 2792 Michigan Ave. South of Osceola Pkwy.  Brazil USA Imports Corp. is the new tenant, represented by Kayt Michelly Rocha of Legacy Plus Realty. 

For a complete copy of the company’s news release, please contact:

Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com

Jackmont Hospitality Inc. and Ludacris Hold Grand Opening for New Restaurant at Hartsfield-Jackson Atlanta International Airport

Daniel J. Halpern

ATLANTA, GA – Jackmont Hospitality, Inc., in partnership with notable entertainer and restaurateur Chris ‘Ludacris’ Bridges, reveals Chicken+Beer, named for Ludacris’ third album, at Concourse D of Hartsfield-Jackson Atlanta International Airport.

The grand opening event was held from 3 - 5 p.m. yesterday, Monday, Dec. 12 in Concourse D5 of Hartsfield-Jackson Atlanta International Airport. Champagne and light bites were served.

Daniel Halpern, CEO and Co-founder of Jackmont Hospitality Inc., said, "For over 20 years, the Jackmont Hospitality name has been synonymous with delicious food, warm hospitality and a steadfast commitment to excellence. Chris is the quintessential advocate for Atlanta’s rich culture and together we aim to introduce Chicken+Beer as a reflection of the city’s character.”

For a complete copy of the company’s news release, please contact:

Elizabeth Moore, Partner Green Olive Media (404) 815-8327 ext 5000

emoore@greenolivemedia.com

California's Hanley Investment Group Raises Over $35,000 Mo’ Money to Help Mo’ Bros Fight Cancer, By Growing One Mustache at a Time

  

Mo’ Bros and Mo’ Sistas at Hanley Investment Group Real Estate Advisors
 in Corona Del Mar, CA
:

Front row, Left to right : Tracey Zimmerman, Jaclyn Estabrook, Debbie Fogel, Paige Alvarez;

Second row:  Corey Olson, Nick Tarantola, Eric Wohl, Ed Hanley, Willie Ito, Andrew Sprowl;

Third row: Kevin Fryman, Carlos Lopez, Jeremy McChesney, Eric Vu, Gaby Vicente, Deborah Weed, Jeff Lefko, Austin Blodget;

Back row: Lee Csenar, Pat Kent, Bill Asher, Alexander Allione, Alex Samayoa, Andrew Cunningham.

  

CORONA DEL MAR, CA, Dec. 12, 2016  – Hanley Investment Group Real Estate Advisors, a nationally-recognized boutique real estate brokerage and advisory firm specializing in the sale of retail properties, announced today that the group raised over $35,000 in its annual Movember campaign.

This marks Hanley Investment Group’s sixth year in a row joining the global movement to raise awareness and critical funds for men’s health and cancer, by growing a mustache in November. Hanley Investment Group has raised nearly $157,000 for the Movember Foundation since 2011.

Ed Hanley

The men of Hanley Investment Group started clean shaven on November 1st and for the rest of the month, these men, known as "Mo’ Bros," groomed and trimmed their mustaches to effectively become walking, talking billboards for the 30 days of November. 

Mo’ Bros, along with Mo’ Sistas at Hanley Investment Group, raised funds by seeking out sponsorships for the Mo’ Bros’ mustache-growing efforts.

Hanley Investment Group also sponsored its first annual Cocktails For A Cure fundraising event at the El Cholo restaurant in Corona del Mar. On November 9, attendees watched the Hanley team create the perfect pour while they served as the evening’s “Master Mixologist” (supervised by El Cholo bartenders, of course!). A portion of the proceeds was donated to Movember.

This year, like previous years, Hanley Investment Group’s fundraising efforts landed the firm in the top 1%, a ranking of #17 among 11,068 teams nationwide. Hanley Investment Group’s President Ed Hanley received the most donations in the company and was ranked #43 out of 74,179 Mo Bros nationwide.

Company COO Dawn Eisenberg was the second top donation producer at the firm and was ranked #11 out of 9,422 Mo Sistas nationwide. Proceeds are directed to programs that are run by Movember and their men’s health partners.  

“We are a close group that enjoys a culture of camaraderie and competition, so it was great to come to work and show off our mustache progress or, in some cases, the lack thereof due to being 'follicly challenged,'” said Hanley. “But all kidding aside, we couldn’t do this without the very generous support of our friends, family and business colleagues.”

According to the Movember Foundation, prostate cancer is the second most common cancer in men in the U.S. One in seven men will be diagnosed with prostate cancer in their lifetime.

  

“This global fundraising effort hits very close to home as my father died of prostate cancer in 2009 and I want to do what I can to prevent this from happening to other men and families," said Hanley. “Grow a ‘mo,’ save a ‘bro.’ It really does feel good to make this kind of difference in our community and help save lives.”

Dawn Eisenberg

Hanley adds, “I am truly humbled and grateful for all the loving support of everyone who works at Hanley Investment Group. I couldn’t ask for a better group of people that are committed 100 percent in all that they do!”

The Movember community has raised over $710 million and has funded more than 1,200 men’s health projects in 21 countries to date. This work is helping men live happier, healthier, and longer lives through investing in these key areas: prostate cancer, testicular cancer, mental health, and suicide prevention.

“We are grateful for another successful year,” said Hanley. "We are ever mindful of our blessings both on a professional level as well as a personal level and raising money and awareness for the Movember Foundation is just one of the many ways we at Hanley Investment Group like to give back to those in our community."

To donate to Hanley Investment Group's Movember Team, click here. 

For a complete copy of the company’s news release, please contact:

Anne Monaghan

MONAGHAN COMMUNICATIONS, INC.

anne@MonaghanPR.com

830.997.0963

www.hanleyinvestment.com.

Building Industry Association (BIA) Los Angeles/Ventura Chapter Honors KTGY Principal Manny Gonzalez, FAIA with TED Humanitarian Award

                           

Manny Gonzalez

 LOS ANGELES, CA – At an awards gala held at the Skirball Cultural Center in Los Angeles on the evening of December 6, 2016, the Building Industry Association (BIA) Los Angeles/Ventura Chapter presented Manny Gonzalez, FAIA, LEED AP, managing principal of the Los Angeles office of KTGY Architecture + Planning, with its TED Humanitarian Award.

This award is bestowed upon a BIA member, public official or an exceptional industry leader who invests their time, energy and resources to help others obtain basic life necessities, food, and/or shelter and for their contributions to the industry.

Tom DiPrima

“I am honored and humbled to accept this award,” said Gonzalez. “I am grateful to the BIA and for Tom DiPrima of The Chadmar Group for nominating me. Los Angeles tops the nation in the number of chronically homeless people and nearly all of them sleep on the streets. 

"I know that it the BIA’s hope that we can shine a brighter light on this issue and together we can make a difference.”

Earlier this year, Gonzalez was elected to The College of Fellows of the American Institute of Architects for his work in senior housing. 

Election to Fellowship recognizes not only his achievements as an individual architect but also his significant contributions to architecture and society on a national level.Gonzalez also received the NAHB 55+ Housing Council’s inaugural Associate of the Year Award, which recognizes an active NAHB 55+ Housing Council member who supports the building industry with exceptional service and/or a quality product; and has achieved success through innovation, financial success and integrity.

For a complete copy of the company’s news release, please contact:

 Anne Monaghan

MONAGHAN COMMUNICATIONS, INC.

anne@MonaghanPR.com

830.997.0963

Call 888.456.KTGY or visit ktgy.com

Faris Lee Investments Completes $5.2 Million Sale of a Multi-Tenant Retail Property in Lathrop, CA

  

Lathrop Crossing Retail Center, Lathrop, CA

IRVINE, CA, Dec. 12, 2016 – Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the $5.2 million sale of Lathrop Crossing, a 16,303-square-foot multi-tenant retail property in Lathrop, Calif., a Central California city located south of Stockton.

Jeff Conover, senior managing director with Faris Lee Investments, represented the seller, San Francisco-based Lathrop Crossing, LLC. The buyer, Los Gatos, Calif.-based Vattadi Lathrop Crossing, LLC, was represented by Prince Realty. The property sold at a price per square foot of $319 and a cap rate of 6.25 percent.

Jeff Conover

Built in 2008 and situated on 2.48 acres, the property is located at 15320-15346 S. Harlan Road with high-profile exposure and unobstructed visibility to Interstate 5. It is fully occupied by six tenants including Little Caesars Pizza, Dickey’s BBQ, Subway, and In-Shape Fitness occupying 47 percent of the total square footage.

“This property stands to increase in future value as its location is within a region that is poised for a significant amount of job growth over the next several years,” said Conover. “Investors are seeking retail assets like this one that not only have strong tenancy with longer-term leases, but are also situated in areas that show paths of progress.”

Lathrop Crossing benefits from its proximity to major corporate offices and distribution centers including Tesla, Amazon, In-N-Out, John Deere, and Ghirardelli Chocolate.

For a complete copy of the company’s news release, please contact:

Darcie Giacchetto

949.278.6224

Spaulding Thompson Associates

www.farislee.com