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Latest press releases in Investment Services

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Hanley Investment Group Sells New Single-Tenant Walgreens in Victorville, Calif. at 5.69% Cap Rate
William B. Asher and Patrick G. Kent of Hanley Investment Group Real Estate Advisors represented the seller in the sale of a single-tenant Walgreens at 15318 Roy Rogers Drive in Victorville, Calif. The purchase price was not disclosed. The reported cap rate was 5.69%. Located on a 1.31-acre parcel of land, the building, which is leased to Walgreens for an initial 25-year lease term with ten 5-year options, was built in 2011 and is a part of Desert Sun Plaza, which is anchored by Winco Foods.

Hanley Investment Group Sells Two Multi-Tenant Strip Centers in Inland Empire for Over $9 Million
Hanley Investment Group Real Estate Advisors negotiated the sale of two multi-tenant strip centers in the Inland Empire for a total consideration of more than $9 million. Hanley Investment Group has sold a total of 7 retail properties in the Inland Empire valued at $35 million in the last 6 months.

Property Prices Rise in UK
Property prices have risen for the first time in twenty months during March according to a report published by Hometrack.

The Retirement Pilot Takes Flight - New Financial Planning Firm Opens
The Retirement Pilot provides a professional and intelligent resource for retirement planning, asset preservation, IRA and investment guidance, diversification and allocation of assets, beneficiary audits and several more 'key' services for those approaching retirement and for those who already are there.

Coreland Companies Awarded Nearly 1.2 Million SF Retail Management Portfolio by Watt Properties
Coreland Companies was awarded a contract by Watt Properties, a division of Watt Companies, to manage a large portfolio of neighborhood retail properties located across Southern California totaling nearly 1.2 million square feet. The portfolio encompasses 12 retail properties that are located in Orange, Los Angeles and Riverside counties.

The Michaels Organization, LINC Housing Celebrate Grand Opening of Lorena Heights
Designed by KTGY Group, The Michaels Development Company and LINC Housing Corporation celebrated the grand opening of a new $40-million urban-infill community in Los Angeles.

Hanley Investment Group Sells Two Single-Tenant Walgreens Totaling Over $13 Million
Hanley Investment Group Real Estate Advisors negotiated the sale of two single-tenant Walgreens for a total consideration of more than $13 million. The properties were located in Downey, Calif. and Tucson, Arizona.

Present Value Properties Adds Annette Kolb as Director of Real Estate
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 located in Phoenix, Dallas and Missouri; and will handle lease extensions/renegotiations, new locations. She will be based in Phoenix, Ariz.

Hanley Investment Group Sells Single-Tenant NNN Leased Restaurant Investment in Pico Rivera, Calif. for $1.4 Million
Kevin T. Fryman of Hanley Investment Group Real Estate Advisors represented the seller in the sale of a single-tenant NNN leased investment, La Barca Restaurantes, a 3,664 sq. ft. restaurant in Pico Rivera, Calif., offering authentic, fresh-made Mexican food. The purchase price was $1,400,000, which represented a cap rate of 6.50%. The tenant has 7 years remaining on the lease.

Foundmoney Helps Residents of New York Track Down the Increased Numbers of Unclaimed Property Holders Due to New Legislation Reducing Dormancy Periods
New York State has passed a new law that now required holders of Abandoned Property, such as, bank accounts, stocks and bonds and utility deposits to hand over this unclaimed assets to the State Comptroller much sooner that before. Foundmoney and Edward Palonek help people to locate some of these new unclaimed accounts.

GreenWorld BVI Releases Overview on Advantages of Farmland Investments
Free Report on Global Farmland and Agricultural Investing

Quality Claims Management Corporation Completes SSAE16 Audit
The nationwide expert in delivering public adjusting and claims administration, consulting and monitoring services, Quality Claims Management Corporation, announced that it has achieved Statement on Standards for Attestation Engagements (SSAE) No. 16 compliance, one of the most stringent auditing standards for service providers.

'Defining Moment in American Coinage' Gold Coin Rarity Created
In 1907, President Theodore Roosevelt thought that the United States had 'atociously hideous' coinage, so he asked America’s greatest sculptor to create designs for new coins that would be as beautiful as those created in ancient Greece. Even though sculptor Augustus Saint Gaudens was ill with cancer he produced an exquisite Ultra High Relief design intended for United States $20 gold coins (called 'Double Eagles'). Only two survive with a diameter of 1 1/16 inch diameter, and they are in the Smithsonian Institution. About 100 years later, in 2009, Director of the Mint Edmund Moy recreated the Ultra High Relief Double Eagle in the same size, containing exactly 1 try oz. of pure gold. Only 115,178 were made and now the mint is sold out. Mr. Moy has agreed to sign the certificate of authenticity and the book that accompanies just 88 of what he calls 'the defining moment of American coinage,' that are being offered to collectors and investors.

Quality Claims Adds New Stars to Consumer Insurance Claims Assistance Program
A leading public insurance adjuster firm, Quality Claims Management Corporation announced the hiring of Marc Lopez, Michael Williams and Patrick McConnon to support the expansion of Quality Claims’ consumer public adjusting services for Southern California area homeowners and business owners who have suffered property losses. Public Adjusters do not sell insurance or work for insurance companies. They assist policy holders and their insurance companies to make certain the insured is made whole following a loss.

Hanley Investment Group Sells Grocery Anchored Shopping Center in Rancho Cordova, Calif.
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. The purchase price was not disclosed.
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