Latest press releases in Restaurants
Present Value Properties Negotiates Lease for Menchie's Frozen Yogurt in Belmont, Calif.
Britt Nelson of Present Value Properties, Inc. negotiated a 5-year lease on behalf of self-service yogurt chain Menchie's Frozen Yogurt franchisee for 1,234 square feet at the Belmont Village Shopping Center located at 1200 El Camino Real in Belmont, Calif. Menchie's is expected to open in fall 2012, and will join tenants Safeway, Peet’s Coffee, AT&T, Game Stop, Toto’s Pizza and Supercuts at the Belmont Village Shopping Center.
LUCESCU REALTY Announces Sale of Lake Pleasant Pavilion Shopping Center in Phoenix Metro for $41.75 Million
LUCESCU REALTY negotiated the sale of Lake Pleasant Pavilion Shopping Center in Peoria, Arizona for $41.75 million. LUCESCU REALTY exclusively represented the interests of the seller, Kornwasser Shopping Center Properties, a private development firm, headquartered in Los Angeles, and procured the buyer, Excel Trust in San Diego. This is Excel’s second acquisition in the Valley. Earlier this year the Company acquired Scottsdale Promenade for $166 million in a deal that was also brokered by LUCESCU REALTY.
Hanley Investment Group Hires Jonathan Selznick as Vice President
Jonathan Selznick has joined Hanley Investment Group as vice president. Selznick brings to the company over 20 years of experience in senior sales management positions throughout his career and was most recently a broker with Pacific Commercial Investments in Irvine, Calif., where he advised clients on the acquisition and disposition of retail investment properties.
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.
Simon’s Hot Dogs Second Anniversary
This year Simon’s Hot Dogs is celebrating his second anniversary. They will offer a special menu just for that day for 5 bucks: Meatballs in a fresh steamy bun with mozzarella cheese and potato chips or dill pickles on the side or any other gourmet Hot Dog.
Present Value Properties Names Shannon Labowitz-Coleman as Associate Broker<< 6 7 8 9 10 11 12 13 >>
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. She is the daughter of retail real estate industry veterans Bernie and Marcia Labowitz and has more than 20 years of industry experience.