retail real estate brokerage Latest News

Present Value Properties has named Annette Kolb as Director of Real Estate. Kolb will be responsible for the real estate needs of national chain retailers including Pizza Hut, Long John Silver and Jack in the Box franchisees.

Kevin T. Fryman and Edward B. Hanley of Hanley Investment Group represented the buyer and seller in the sale of Bradville Square, a 90,435-square-foot grocery anchored shopping center in Sacramento County in the City of Rancho Cordova, Calif.

Present Value Properties has named Shannon Labowitz-Coleman as Associate Broker. Labowitz-Coleman will be responsible for managing and sourcing new retailer and landlord representation assignments.

Coreland has enhanced its Brokerage division by adding industry veteran Kim Talley to its Retail Brokerage division. Talley was formerly a Senior Associate with CB Richard Ells and joins Coreland as Senior Associate, Retail Brokerage.

Ryan Gast has joined Present Value Properties as Associate Broker. Gast will be responsible for managing and sourcing new retailer and landlord representation assignments.

Coreland Companies negotiated three quick serve restaurant leases in Southern California, totaling 7,300 sq. ft. with a total value of more than $2.5 million. The leases were with Burger King, Five Guys Burgers & Fries and Waba Grill.

Hanley Investment Group represented the seller in the sale of the fee-simple ownership in the land leased to a single-tenant building occupied by Forever 21 in Calexico, Calif. The purchase price was $5,200,000.

Hanley Investment Group represented the seller in the sale of two retail properties in Southern California for a total consideration of $6,050,000. The seller was Westwood Financial of Los Angeles.

Coreland Companies negotiated a 10-yr., 5,000 sq. ft. lease valued at $2.8 million for Washington Mutual to occupy a new free-standing building to be constructed on a pad at the Santa Fe Springs Plaza, and is expected to open in the 4th quarter 2008.

Present Value Properties hired next generation real estate associates Keri Tabar and Ryan Pate. They will join real estate veterans Gregory Fisher and Bernie Labowitz at Present Value Properties in Orange, Calif.

Bernie Labowitz, a 38-year retail real estate veteran, has joined Present Value Properties, Inc. as Senior Vice President. Present Value Properties is a full service retail real estate brokerage, development and consulting firm based in Orange, CA.

Coreland Companies announced that its Leasing / Sales Division was awarded seven new retail leasing assignments in So. CA totaling more than a quarter million square feet, during 2nd quarter 2007.