Hanley Investment Group Sells Multi-Tenant Retail Strip Center for $3,800,000 in Riverside, California
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Buyer Assumes Existing Loan on Purchase of 7-Eleven Anchored Retail Center

IRVINE, CALIF. - Hanley Investment Group Real Estate Advisors, one of the most dominant retail investment groups in the western United States and a market leader in the sale of retail properties, announced today Jeremy S. McChesney of Hanley Investment Group represented the buyer and seller in the sale of a multi-tenant retail strip center in Riverside, Calif. The purchase price was $3,800,000.

The 34,644-square-foot shopping center, known as Copper Lantern Center, is located at 8151-8201 Arlington Avenue in Riverside. Positioned at the signalized intersection of Arlington Avenue and Copper Lantern Drive, the subject property is a 3.40-acre multi-tenant strip center. Copper Lantern Center is anchored by 7-Eleven and consists of 19 local and regional tenants. The property was built in 1980, and was 80 percent occupied at the time of sale.

"Hanley Investment Group successfully facilitated the buyer's assumption of an existing loan, including a substantial pay down of the current note," said Jeremy McChesney, a vice president at Hanley Investment Group.

"It was a unique transaction that had a number of challenging deal points," notes McChesney. "We worked through each deal point to develop mutually-beneficial solutions for the buyer and seller and were able to close escrow in a timely manner."

The buyer was Sunnycreek LLC of Los Angeles, Calif. The seller was Copper Lantern Holdings of Orange, Calif.

About Hanley Investment Group Real Estate Advisors
Built on a solid foundation of performance, integrity and dedication, Hanley Investment Group Real Estate Advisors is a boutique retail investment advisory firm with a two billion dollar transaction track record that is comprised of innovative specialists delivering unparalleled service and superior results that consistently exceed client expectations. Hanley Investment Group's expertise, commitment and unwavering focus of putting the client's needs first have continued to set the company apart in the industry. Hanley Investment Group works closely with individual investors, developers, and institutional property owners in every facet of the transaction to insure that the highest value is achieved. Clients rely on Hanley Investment Group to be the most knowledgeable and trusted source for valuation services, market information, and retail property acquisitions and dispositions. For more information, visit the Company's website at www.hanleyinvestment.com or call (949) 585-7610.

Horizons At Indio Receives National Award For Outstanding Senior Affordable Housing Community
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Developers Urban Housing Communities and Heritage Community Housing, and Architectural Firm KTGY Group Honored with Prestigious Award

INDIO, CALIF. – Horizons at Indio, an affordable housing community developed by Urban Housing Communities (UHC) and Heritage Community Housing (HCH), has been awarded an Honorable Mention in the Senior Housing category of the 15th Annual Charles L. Edson Tax Credit Excellence Awards program. Architectural firm KTGY Group, Inc. designed the development with emphasis on creating a walkable, pedestrian-friendly senior environment.

"We're thrilled to receive this recognition for our community in Indio," says John Bigley, Chief Operating Officer, Urban Housing Communities. "Horizons exemplifies our commitment to excellence in affordable housing, and it's gratifying to be recognized for our efforts."

The Charles L. Edson Tax Credit Excellence Award is a national awards program presented by the Affordable Housing Tax Credit Coalition. The awards celebrate the best in affordable rental housing development and most outstanding low income housing tax credit properties in six categories: Metropolitan; Rural; Special Needs; Senior; Green; and, Public Housing Revitalization.

The winners were chosen from 40 applications from 19 states. A panel of five judges selected six first place and seven honorable mentions. Horizons at Indio received an Honorable Mention in the Senior Housing category, and was recognized, along with the other winners, at an awards ceremony in Washington, D.C. on Wednesday, June 10.

Horizons at Indio is located at 45405 Monroe Street in Indio, California, near the new, state-of-the-art Indio Senior Center scheduled to open this summer. KTGY utilized design elements intended to create a healthy and active environment and to build a close-knit neighborhood. The community opened last year and features 47 one-bedroom apartments at 679 square feet and 33 two-bedroom apartments at 922 square feet. KTGY also incorporated green-building features and energy-efficient elements into the design of Horizons.

Outside of rent, one of the largest expenses for residents is utility costs. "By creating savings in utility costs, Horizons at Indio further promotes the long-term sustainability of this affordable community," says KTGY's Alan Scales, Studio Director. "Also by locating near shopping and medical services, you're reducing travel times and traffic, greenhouse gases and carbon emissions."

All of the apartments at Horizons are reserved for seniors earning from 40 to 60 percent of the area median income for Riverside County, as published by the Department of Housing and Urban Development. Half of the units are set aside for retirees of the agricultural industry. The total cost of development was $18.7 million.

UHC is a "mission driven" for-profit affordable housing development partner of Morgan Stanley specializing in multi-family and senior housing facilities in California and Hawaii. Drawing on a vast network of partners, UHC creates multifamily housing developments that serve specific, defined needs of residents, financiers and local municipalities. UHC's executives are brought together by brothers John, Doug and David Bigley and their vision to enrich communities by fusing family values with smart business decisions. With years of experience developing mainstream affordable housing, UHC's executives understand the complexities of the Low-Income Housing Tax Credit program, tax-exempt bonds and other forms of key subsidy used to develop affordable housing. UHC employs this knowledge when executing its mission-driven goals, ultimately creating sustainable, livable communities that are rich with opportunity for families and seniors. For more information, visit www.uhcllc.net.

Established in 1991, KTGY Group, Inc., Architecture and Planning, provides comprehensive planning and award-winning architectural design services for residential communities, retail, hospitality, mixed-use and related specialty developments. KTGY delivers innovative solutions that reflect clear understanding of development, marketing and financial performance and takes particular pride in its highly motivated and principal led studios. Serving clients worldwide, KTGY maintains offices in Irvine, Oakland and Santa Monica, and in Denver. For more information, visit www.ktgy.com.

KTGY Earns Two Grand Awards in Gold Nugget Competition For Green Residential Community & World-Class Intermodal Mixed-Use Site Plan
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12 High Honors Recognize Firm’s Diverse Portfolio of Design Excellence

IRVINE, CALIF. - Award-winning KTGY Group, Inc., Architecture and Planning, has earned 12 high honors (2 Grands and 10 Merits) in the prestigious 2009 Gold Nugget design and planning competition honoring the firm's wide range of capabilities, excellence and innovation in addressing complex design/build issues in attached, detached and sustainable communities as well as the critical planning of transit-oriented districts. The firm's winning projects are located throughout Northern and Southern California and were selected from more than 375 entries from 14 western states and internationally. The Grand Award winners were announced during the PCBC in San Francisco at the Gold Nugget Awards gala on June 18, 2009. PCBC is the nation's largest regional trade show and conference.

"Our success and the success of our clients reflect our clear understanding of the important balance between development, market knowledge and financial performance," said KTGY's CEO Tricia Esser.

The Anaheim Regional Transportation Intermodal Center (ARTIC) was awarded the Grand Award for "Outstanding On-The-Boards Site Plan." Located in Anaheim, ARTIC is envisioned to be a world-class transportation center that will serve as a major transit gateway and TOD location for Southern California. Designed as a transportation destination for the future, ARTIC will accommodate the California High Speed Rail, the California/Nevada Maglev Trains, additional Metrolink and Amtrak service, and a Monorail to the Disney Resort Area along with other modes of ground transportation.

A strong public realm and Urban Design Framework form the armature for creating place with plazas, pedestrian promenades, and a riverwalk allowing for future residential, retail, office and hospitality uses to complement and integrate with the iconic vision for the Transit Center. The City of Anaheim is the lead Agency working closely with multiple stakeholders and partnering with the Orange County Transportation Authority.

In addition to receiving the Gold Nugget Grand Award, the American Planning Association Orange County Chapter recently awarded ARTIC with the 2009 Outstanding Planning Award for Focused Issue Planning, which recognizes an unusually high merit report or development plan.

"This major transit gateway will connect Orange County to other areas in California, the United States and around the world, and help ease the demand for local and regional airport expansion and offer future users convenient alternatives for using the auto," said Ken Ryan, principal and head of KTGY's community planning and urban design studio. "This catalyst project is anticipated to be implemented in multiple phases over the next 20 years with phase one consisting of a 13,000-square-foot terminal building, 23,000 square feet of retail space and 30,000 square feet of civic space." In addition to Ryan, KTGY's ARTIC design and planning team includes Geoff Graney, lead designer; Mark Hickner, planning and entitlement director; and Lora Kennedy, project planner.

The Glen at Hidden Hills master-planned community, developed by O'Brien Homes, won a Gold Nugget Grand Award for "California Green Builder Residential Community." The Glen in picturesque Napa, Calif., offers a distinct rich elegance that embraces the enchanting complexities of the wine country and validates the premise that sophisticated single-family detached home design can pair comfortably with environmentally friendly construction. Stylish design integrates classic themes, luxury and practicality. With three to five bedrooms, these one- and two-story homes offer elegant exteriors, spacious interiors with a host of comforting details and sustainable construction and design features. In a streetscape as carefully planned as the homes, a well-textured neighborhood responds to the beautiful setting of rolling hills and open spaces. Tien Shin-Shen, LEED AP, Studio Director joined Jill D. Williams, AIA, Principal and design lead for the team, in partnering with O'Brien for the successful development of The Glen.

This is the second year in a row that one of KTGY's designs has won the Grand Award in the category of Best California Green Builder Residential Community. Last year, KTGY-designed Poppy Lane at Natomas Meadows in Sacramento, Calif. won the Grand Award in this category while KTGY was also honored in 2008 for two other outstanding sustainable communities, Vantage of Palo Alto in Palo Alto, Calif. and Carsten Crossings in Rocklin, Calif. In the 2009 Gold Nugget competition, Vantage of Palo Alto also received a Merit Award for "Outstanding Attached Project - under 18 du/acre."

"As a member of Build-It Green as well as the U.S. Green Building Council (USGBC), KTGY continues to stay at the forefront of this dynamic industry and has LEED accredited and sustainability/green building experts," says Jill Williams, AIA and principal. "We work in partnership with our clients to get the highest benefit from incorporating eco-friendly and sustainable architecture programs with our buildings and designs."

KTGY's Principal David Senden, along with Ben Kasdan and Bryan Sevy from KTGY, partnered with a team of architectural students from California Polytechnic State University, Pomona, and were recognized for their contribution and forward thinking ideas in the Gold Nugget Awards' Imagining the Future Design Charrette. The Charrette explored new home and neighborhood design ideas for the GEN Y Buyer.

The Gold Nugget Merit winners are as follows:

* Cottonwood Creek Apartments (BRIDGE Housing Corporation) in Suisun City, Calif. - "Outstanding Affordable Project - Under 30 du/acre" and "Outstanding Low Rise Apartment Project (up to 3 stories of housing) for Rent"

* Diamond Apartment Homes (Jamboree Housing Corporation) in Anaheim, Calif. - "Outstanding Affordable Project - Under 30 du/acre"

* Granite Court (Jamboree Housing Corporation) in Irvine, Calif. - "Outstanding Affordable Project - 30 du/acre or more"

* The Ashton at Dublin Station (The Hanover Company) in Dublin, Calif. - "Outstanding On-The-Boards Apartment Project"

* Serenade at RiverPark (RP Apartment Ventures LLC) in Oxnard, Calif. - "Outstanding Neighborhood Site Plan up to 20 Acres"

* Lytle Creek (Lytle Development Joint Venture III) in Rialto, Calif. - "Outstanding On-The-Boards Site Plan"

* Connemara - Plan 4 (O'Brien Homes) in Pacifica, Calif. - "Outstanding Single Family Detached Home - 2,500 to 3,500 sq. ft."

* Hidden Hills - Plan 2 (O'Brien Homes) in Napa, Calif. - "Outstanding Single Family Detached Home - 2,500 to 3,500 sq. ft."

* Vantage of Palo Alto (Warmington Homes of California) in Palo Alto, Calif. - "Outstanding Attached Project - under 18 du/acre"

KTGY continues its stride in producing award-winning multi-family and mixed-use developments that integrate the latest urban design trends and green building technologies with the needs of the end user. Among its other multi-family product types, KTGY is well recognized for its designs in affordable, senior and campus housing as well as retail, hospitality, mixed-use and related specialty developments.

About KTGY Group, Inc.
Established in 1991, KTGY Group, Inc., Architecture and Planning, provides comprehensive planning and award-winning architectural design services for residential communities, retail, hospitality, mixed-use and related specialty developments. KTGY delivers innovative solutions that reflect clear understanding of development, marketing and financial performance and takes particular pride in its highly motivated and principal led studios. Serving clients worldwide, KTGY maintains offices in Irvine, Oakland and Santa Monica, and in Denver. See http://www.ktgy.com/.

Hanley Investment Group Closes Four Southern California Retail Property Sales Totaling $12,640,000
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Two NNN Fresh & Easy Markets, a Retail Strip Center & Prime REO Property Trade Hands

IRVINE, CALIF. – Hanley Investment Group Real Estate Advisors, one of the dominant retail investment groups in Southern California and a market leader in the sale of retail properties, announced today that Hanley Investment Group negotiated the sale of two separate NNN Fresh & Easy Neighborhood Market transactions and a multi-tenant retail strip center. Additionally, HI Urban Retail Advisors, a retail investment division of Hanley Investment Group specializing in the sale and advisory of high profile mixed-use and urban retail properties, negotiated the sale of a bank-owned street-front retail building. All four properties were located in Southern California and totaled $12,640,000.

Carlos J. Lopez, president of HI Urban Retail Advisors, represented the buyer in the sale of a 24,925-square-foot street-front building located at the signalized intersection of 3rd Street and Pine Avenue in the heart of Downtown Long Beach. The bank-owned property consists of 23,050 square feet of ground-floor retail space and 1,875 square feet of second story office/loft space. Originally built in 1930 and later renovated in 1945, the subject property was 94% vacant at the time of sale. Starbucks was the only tenant that occupied space at the property at the close of escrow. The purchase price was $3,500,000. The buyer was a family trust from Long Beach. The seller was Vineyard Bank based in Corona, Calif.

"It was a unique bank-owned opportunity in this current market given its high-profile downtown urban location," said Lopez. "The current market has not presented many REO retail opportunities yet, specifically with as strong a location as 3rd Street and Pine Avenue in Long Beach."

Hanley Investment Group also negotiated the sale of the fee-simple ownership in the land leased to a single-tenant NNN Fresh & Easy Neighborhood Market in two separate locations in Southern California, one in Loma Linda and the other in Riverside. Fresh & Easy is a subsidiary of Tesco, the second largest retailer in the world. Tesco is the largest retailer in the United Kingdom and operates over 3,200 stores across 12 countries.

In the Loma Linda, Edward B. Hanley represented the buyer and seller in the sale of a single-tenant Fresh & Easy Neighborhood Market. The purchase price was $2,865,000. The 15,000-square-foot single-tenant Fresh & Easy Neighborhood Market is located at 25694 Redlands Boulevard in Loma Linda. Positioned at the signalized intersection of Redlands Boulevard and Mountain View Avenue, the property is situated on 2.1 acres and was built in 2009. The buyer was Downtown Gateway, a California limited partnership based in Los Angeles, Calif. The seller was MV Investors, Inc., also from Los Angeles.

“We generated six offers very quickly from our marketing efforts,” said Hanley. “Investors in today’s market are driven more than anything on location, which was a significant reason this property had so much interest when we brought it to market.”

“The building is situated at a hard corner signalized location that features average daily traffic counts of over 42,000 cars per day, and is adjacent to Interstate 10 freeway where average daily traffic counts at the Mountain View Avenue exit are 400,000 cars per day,” Hanley noted. “Additionally, with the property being located within an affluent residential neighborhood, the buyer acquired an asset well-positioned for long-term success.”

In Riverside, Hanley and William B. Asher represented the seller in the sale of the fee-simple ownership in the land leased to a single-tenant NNN Fresh & Easy Neighborhood Market. The purchase price was $2,475,000. The Fresh & Easy Neighborhood Market is located at 8765 Trautwein Road in Riverside situated within Orangecrest Towne Center, a community shopping center anchored by Kohl's. Built in 2007, Fresh & Easy occupies a 14,500-square-foot free-standing building situated on a 1.41-acre parcel of land. The buyer, who fulfilled a 1031 exchange requirement with the purchase, was Third Street Plaza LLC from Long Beach, represented by A.J. Nay and Kurt Schneiter at Maverick Investments, also from Long Beach. The seller was HEC - Orangecrest LLC from Newport Beach, Calif.

"The buyer pool for single-tenant retail investments remains strong," Hanley said. "There is still a substantial amount of capital in today’s market looking for secure and stable, single-tenant investments with long-term leases and minimal management responsibilities. This Fresh & Easy sale is a prime example."

"We had a lot of interest in the property due to the quality of the location and the fact that Fresh & Easy had been operating at the site for close to two years," said William B. Asher, managing director of Hanley Investment Group. "The average household income is in excess of $113,000 within a three-mile radius. The combination of the affluent demographics in the immediate area and an initial 20-year NNN lease term for Fresh & Easy made it an ideal fit to achieve the buyer’s investment objectives."

Asher added, "Through our strategic marketing efforts, we were able to procure an all-cash buyer that closed escrow in 20 days."

Also in Riverside, Jeremy S. McChesney of Hanley Investment Group represented the buyer and seller in the sale of a multi-tenant retail strip center at the signalized intersection of Arlington Avenue and Copper Lantern Drive. The purchase price was $3,800,000. The 34,644-square-foot shopping center, known as Copper Lantern Center, is located at 8151-8201 Arlington Avenue in Riverside. The 3.40-acre strip center is anchored by 7-Eleven and consists of 19 local and regional tenants. The buyer was Sunnycreek LLC of Los Angeles, Calif. The seller was Copper Lantern Holdings of Orange, Calif.

About HI Urban Retail Advisors
HI Urban Retail Advisors is a retail investment division of Hanley Investment Group Real Estate Advisors specializing in the sale and advisory of high profile mixed-use and urban retail properties in dynamic commercial districts across the United States. Built on unsurpassed dedication and an impressive track record of performance and results, HI Urban Retail Advisors consistently exceeds client expectations through its unparalleled, comprehensive knowledge of urban retail from a national and global perspective.

Whether it is situated in a well-located, dynamic commercial district, or in conjunction with a mixed-use project, urban retail is a very specific product type within the overall retail marketplace. HI Urban Retail Advisors guides clients in attaining the highest returns through its exceptional experience and responsive team that thoroughly comprehends this unique and growing market segment. HI Urban Retail Advisors utilizes its innovative expertise to lead property owners through complex issues relating to land use and the progressive revitalization of high density urban areas to effectively help clients understand the significant characteristics of each urban retail asset and its optimum positioning and value.

HI Urban Retail Advisors works closely with investors to develop and maintain long-term relationships and has successfully accumulated a highly targeted database of mixed-use and urban retail property investors and owners from every major urban market in the country that is unmatched in the industry. HI Urban Retail Advisors' concentrated expertise and exclusive focus on mixed-use and urban retail properties translate into measurable results and is the reason that clients rely on HI Urban Retail Advisors to be the most dependable source for valuation services, market information and urban retail investment sales. For more information, visit the Company's website at www.hiurbanretail.com or call (949) 585-7610.

About Hanley Investment Group Real Estate Advisors
Built on a solid foundation of performance, integrity and dedication, Hanley Investment Group Real Estate Advisors is a boutique retail investment advisory firm with a two billion dollar transaction track record that is comprised of innovative specialists delivering unparalleled service and superior results that consistently exceed client expectations. Hanley Investment Group's expertise, commitment and unwavering focus of putting the client's needs first have continued to set the company apart in the industry. Hanley Investment Group works closely with individual investors, developers, and institutional property owners in every facet of the transaction to insure that the highest value is achieved. Clients rely on Hanley Investment Group to be the most knowledgeable and trusted source for valuation services, market information and retail property acquisitions and dispositions. For more information, visit the Company's website at www.hanleyinvestment.com or call (949) 585-7610.

Coreland Companies Adds Two Industry Veterans & Promotes Others In Brokerage Division
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David Girty hired as Director, Office Brokerage Matthew Hammond promoted to Director, Retail Brokerage

Benjamin Terry hired as Senior Associate, Retail Brokerage Bryan Bauer elevated to Senior Associate

TUSTIN, CALIF. - Coreland Companies of Tustin, Calif., one of the largest real estate service companies based in California, announced today it has significantly enhanced its Brokerage division to oversee the firm's continued growth in the retail and office market sectors. David T. Girty, a 20+ year veteran of the commercial real estate industry in Orange County and most recently a Senior Vice President with Grubb & Ellis, joins Coreland as Director, Office Brokerage, while Matthew Hammond, a retail specialist and 11-year veteran at Coreland, is promoted to the role of Director, Retail Brokerage. Additionally, former Leasing Director of Red Mountain Retail Group, Benjamin Terry, joins Coreland as Senior Associate, Retail Brokerage. Bryan Bauer, entering his sixth year with Coreland's Retail Brokerage team, is promoted to Senior Associate, Retail Brokerage.

"Coreland continues to grow and expand during this current cycle and we are thrilled to be adding and recognizing highly experienced dealmakers that will assist us in servicing our existing clientele as well as expanding our opportunities to work with both private and institutional property owners," says Coreland Companies' President and Co-founder Chris Hite.

In their new position as a Director, Girty and Hammond will play pivotal roles in overseeing the brokerage teams in the marketing and leasing of Coreland's rapidly growing office and retail portfolios, while identifying new third-party assignments in southern California. "David Girty and Matt Hammond's extensive experience will provide focused direction to Coreland's expanding office and retail leasing teams. Senior Associates Ben Terry and Bryan Bauer will play key roles in servicing the department's southern California retail portfolio and greatly enhance our ability to aggressively market the portfolio and identify new tenants for our client’s projects," says Steven Hogberg, Senior Vice President of Coreland's Brokerage division.

Girty joins Coreland after serving as Senior Vice President of Grubb & Ellis' Commercial Office Division for nearly three years, where he was responsible for landlord and tenant representation in the greater Orange County market. Prior to Grubb & Ellis, Girty held executive posts with other prominent firms such as Transwestern Commercial Services, where he served as Senior Vice President for six years. While at Transwestern, Girty represented 300 sale and lease transactions totaling over five million square feet with a combined consideration of over $900 million. Previously, he was with PM Realty Group and Cushman & Wakefield. Girty is a member of NAIOP and Co-Chairman of the South Coast (California) Metro Alliance, Commercial Properties Group.

"David Girty's long-standing relationships and exceptional experience representing institutional real estate companies in office leasing, purchases and asset management will provide Coreland with new and expanded leasing, sales and management opportunities," Hogberg adds. “Girty will oversee and expand the division's office leasing and representation in the metropolitan southern California marketplace with further emphasis on distressed asset opportunities."

Hammond, in his new role as Director, Retail Brokerage, will utilize his 11-year record of accomplishments to direct the Retail Brokerage Team to achieve further growth. Hammond has been Coreland's top producer for eight years in a row and has been honored with CoStar Group's "Power Broker" Award as a Top Retail Leasing Broker in Orange County for each of the last three years. Hammond specializes in the leasing of community and neighborhood shopping centers and focuses his marketing efforts on regional/national chain tenants as well as local tenants utilizing his longstanding relationships and the Coreland Companies' leasing and sales network.

Terry joins the Coreland team after a nearly four-year association as Leasing Director at Red Mountain Retail Group. Terry oversaw the marketing and leasing of a portion of Red Mountain's four million-square-foot retail portfolio and was directly responsible for negotiating hundreds of new lease transactions. Terry brings extensive leasing experience and has completed transactions with TJ Maxx, Pier 1 Imports and Fresh & Easy. Prior to Red Mountain, he was a Senior Associate at Marketing Brokers Commercial Real Estate, where he was responsible for the sale and leasing of retail commercial real estate. Both Terry and Girty will be based in the Coreland's Tustin office.

Coreland's Bauer, promoted to Senior Associate, Retail Brokerage, represents owners in the leasing and sales of retail shopping centers and has established and services a portfolio of retail properties totaling approximately three million square feet throughout southern California. He has completed transactions with national and local tenants totaling in excess of $15 million of lease consideration, and averages over 50 transactions per year. He has been honored with CoStar Group's "Power Broker" Award as a Top Retail Leasing Broker in Orange County for each of the last three years.

"We are extremely excited to add these seasoned real estate professionals to our team, especially as our portfolio continues to expand with new opportunities from institutional owners, distressed assets and our receivership work," adds Hogberg. "Further, the addition and key promotions of our highly valued professionals and real estate experts demonstrate our company's on-going commitment to strengthening our leasing presence and extending our reach, which are key to achieving our goal of becoming the largest privately-held commercial real estate service company based in California."

About Coreland Companies
Coreland Companies is a full-service commercial real estate company with expertise in retail, office and industrial properties. Coreland Companies is based in Tustin, California with offices in Utah and throughout Southern California. For more information, please call the company's headquarters at (714) 573-7780 or visit http://www.coreland.com/.

Hodgdon-Miank Construction Commences Construction on Azusa Pacific University’s New $4 Million Extensive Remodel of 30,000 Sq. Ft. Academic Building

AZUSA, CALIF. – Hodgdon-Miank Construction, a full-service construction company based in the Inland Empire, has commenced as the Design Build contractor on the remodel of the 30,000-square-foot Carl E. Wynn Academic Center for Azusa Pacific University (APU) in Los Angeles County. Hodgdon-Miank Construction and its parent company, the Hodgdon Group, are handling the design, entitlements, construction and construction management of the new $4 million project, which includes gutting and remodeling the former Carl E. Wynn Science Center building on the Azusa East campus. The new building will be renamed the Carl E. Wynn Academic Center and will house faculty and staff from the Master of Social Work, Undergraduate Social Work, Undergraduate Psychology and Honors programs.

The new Carl E. Wynn Academic Center building will include 11 classrooms, 30 administrative and staff offices, 1,800-square-foot lecture hall, a conference room, small library, computer lab and workrooms, two focus rooms with viewing area. The renovated facility will also include a presentation room for new and prospective students and parents to be introduced to APU.

The building was originally constructed in 1975 and consists of a masonry shell with concrete floors and a metal roof system. “We stripped the building back to a raw shell and are reconstructing it as a new state-of-the-art facility. We organized a first class team of designers, consultants and sub-contractors to work with APU and complete this project in a short period,” says Aaron Hodgdon, President of Hodgdon-Miank Construction.

“Hodgdon-Miank Construction is doing a total remodel that will bring the facility up to current code including the most recent handicap accessible building requirements, and include all new walls, flooring, lights, ceiling, electrical and plumbing systems,” says David Miank, Executive Vice President, Hodgdon-Miank Construction. The remodel will also include a new energy-efficient HVAC system and glass and glazing systems, added insulation, and a new single-ply roof. Dan Wallner is Project Manager and Thom Duncan is acting as the Superintendent. Roger Deitos of GAA of Irvine, Calif. is the project architect.

In concert with its parent company, the Hodgdon Group, Hodgdon-Miank Construction provides full service general contractor and construction management services and/or design-build for all aspects of retail, medical, commercial, and industrial projects. In the last five years, the Hodgdon Group and Hodgdon-Miank Construction have been involved in the acquisition, development, and construction of over 3.5 million square feet of industrial, manufacturing, airport, retail, recreational vehicle, medical office, private college, and office projects valued at more than $550 million.

Most recently, Hodgdon-Miank Construction and its parent, Hodgdon Group, completed a design-build/construction management project at the Southern California Logistics Airport in Victorville, California. The team built four hangars designed for Maintenance Repair Operations (MRO), painting of 747-400 aircraft, and one hangar that will hold an Airbus A-380, the largest commercial aircraft. The project also included construction of office space, aprons, roads, infrastructure, drainage and retention systems, a million-gallon water tank, fire sprinkler deluge system, and related aviation facilities. Tenant coordination included working with world leaders Federal Express, Boeing and Pratt & Whitney.

From a small Starbucks to complex airport facilities, Hodgdon Group and Hodgdon-Miank Construction are capable of project managing any size project in a cost effective and expedient manner for their clients. “Hodgdon-Miank Construction has been instrumental in helping us achieve our goal,” says Jim Christl, Azusa Pacific University’s Director of Facilities Management Design and Construction. “When opened for spring classes in January 2010, the new Wynn Academic Center will help us provide more general classroom space for our growing student body.”

About Azusa Pacific University
Azusa Pacific University (APU) is a comprehensive, evangelical, Christian university located 26 miles northeast of Los Angeles. A leader in the Council for Christian Colleges & Universities, APU is committed to God First and excellence in higher education. Offering more than 60 areas of undergraduate study, 26 master's degree programs, and seven doctorates to a total student population of more than 8,500 on campus, online, and at seven regional centers across Southern California, APU has been recognized as one of U.S. News & World Report’s Best Colleges for six years running and by Princeton Review as one of the Best in the West. APU graduates are known for professional excellence, the highest ethical standards, and their desire to make a difference in the world. For more information, visit www.apu.edu.

About Hodgdon-Miank Construction, Inc.
With a combined experience of nearly 100 years in construction and real estate development, Hodgdon-Miank Construction has extensive experience with all types of construction. For more information, call Aaron Hodgdon or David Miank at 909.783.3020.

Hodgdon Group Represents Ashley Furniture with Collins Commercial in Purchase of 439,000 SF in Colton, Calif.
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One of the Largest User-Sale Transactions in Southern California This Year

COLTON, CALIF. - The Hodgdon Group announced today that it represented Ashley Furniture Industries, Inc. in the purchase of two industrial buildings totaling approximately 439,000 square feet in Colton, Calif. "This transaction is one of the largest user-sale transactions in Southern California this year," said Rick John, Senior Vice President of Collins Commercial, Ontario, Calif.

John worked with Aaron Hodgdon, President of the Hodgdon Group, in representing Ashley in this transaction. David Consani, Executive Vice President, and Jim Koenig, Senior Vice President, with CB Richard Ellis in Ontario, Calif., represented the seller, Overton Moore Properties of Gardena, Calif.

The transaction consisted of a 312,000-square-foot building and a 127,000-square-foot building located on 19.3 acres in the Cooley Ranch Industrial Park in Colton. This expands Ashley's campus to approximately 1.4 million square feet total in the area. The Hodgdon Group has represented Ashley Furniture Industries for the last 10 years on the development, purchase and leasing of over two million square feet of industrial and manufacturing space, and is the exclusive representative for the Ashley Furniture Home Stores for retail real estate.

About the Hodgdon Group
The Hodgdon Group is a full-service real estate brokerage, development and construction management company. As part of its brokerage practice, the firm provides Ashley Furniture and its other clients with a full range of due diligence review for entitlements and occupancy permits with local agencies and coordinates the preparation of inspection reports and building review. For more information about the Hodgdon Group, please contact Aaron Hodgdon at 909.783.3020 or aaron@hodgdongroup.com.

KTGY-Designed New Green Affordable Senior Housing Community to Enhance Revitalization of Downtown Martinez

MARTINEZ, CALIF. - Nonprofit developer Resources for Community Development (RCD) and KTGY Group, Inc., Architecture and Planning, are proposing to contribute to the renaissance of Martinez's downtown area. Using the inspiration of the local architecture, the latest in green building technologies and design, and answering the strong demand for high quality affordable housing for seniors, RCD is in negotiations to purchase 1.03 acres at 310 Berrellesa Street in Martinez in order to build Berrellesa Palms. Designed by KTGY, Berrellesa Palms is a proposed environmentally- and pedestrian-friendly, transit-oriented community, which would provide 48 one-bedroom apartments (plus an on-site manager's unit) for active seniors 55 years of age and over, with rents at levels affordable to working as well as retired individuals and couples.

Berrellesa Palms' community amenities will include a large multi-purpose meeting/community room, library, computer center, exercise room, and resident support services such as social gatherings and events, educational workshops and classes. The design also includes a lushly landscaped patio, a courtyard garden and raised planting beds for residents. The development of Berrellesa Palms would provide area seniors with an opportunity to enjoy high quality new homes conveniently located within walking distance of downtown retail and commercial services and mass transit.

"RCD and their team have an excellent track record of providing architecturally superior buildings that bring much added value to the communities they are a part of," says Bob Glover, Executive Director, Eastern Division for Home Builders Association of Northern California and former City of Martinez Planning Commissioner. "I am delighted that RCD is willing to make such a huge financial investment in downtown and, at the same time, provide a much needed housing type for our aging population. There is a significant need for affordable senior housing in the City of Martinez and I look forward to this project providing a catalyst to get others to invest in our downtown."

Ed Keegan, a long-time Martinez resident of 22 years and an experienced commercial and multifamily construction manager and property owner, concurs. "RCD is known for their quality development and this proposed high quality project will motivate others to invest in the area as well," Keegan says. "We are in the midst of the worst economic crisis in recent history and the housing industry is in a severe depression," Glover explains. "The fact that a developer would come forward during these difficult times, offer to invest millions of dollars in a project that will provide much needed housing and bring world class building to the downtown area, is just astonishing. There are communities throughout the Bay Area that would jump at this opportunity and I sincerely hope that Martinez realizes the opportunity they have before them."

Berrellesa Palms is estimated to represent an $18.5 million public/private investment in the City of Martinez's downtown neighborhood, $13.7 million of which is private equity or conventional debt. In addition, a $10.2 million conventional construction loan is anticipated.

"Oftentimes, when residents hear the words 'affordable housing,' they immediately envision substandard housing and an owner that doesn't care about the property or its residents or neighbors," says Jill Williams, AIA, principal at KTGY, based in Oakland, Calif. "This is certainly not the case with Berkeley-based RCD, one of the top affordable housing developers in the nation, according to Affordable Housing Finance magazine. RCD is known for their quality and dedication to creating and preserving affordable housing for those with the fewest options."

Earning numerous awards for the development of affordable residential communities, RCD has built over 1,600 units throughout the Bay Area during the last 25 years, providing quality affordable housing to over 2,500 individuals and families. By the end of 2009, RCD will have built 565 affordable units in Contra Costa County.

KTGY has also garnered national accolades for their green, affordable housing community designs as well as their market rate and luxury housing communities. "As a member of Build-It Green as well as the U.S. Green Building Council (USGBC), KTGY continues to stay at the forefront of this dynamic industry and has LEED accredited and sustainability/green building experts as well as senior housing design specialists," Williams states. "With an emphasis on designing a walkable, pedestrian-friendly senior environment, building green improves the financial feasibility of a development, financially empowers residents by reducing their utility bills, and promotes resident health through reduced pollution."

RCD's Associate Director of Housing Deni Adaniya says, "As with most of RCD's recent developments, Berrellesa Palms will be designed to achieve a GreenPoint Rating or LEED Certification. Environmental responsibility, a healthy indoor environment and sustainability are core values in the design of our properties."

Overall energy performance for Berrellesa Palms is expected to exceed Title 24 by over 15% and will include ENERGY STAR appliances in all units, energy-efficient, low-mercury lighting, double-paned and double-glazed low E windows, low-flow restrictors on bathroom and kitchen faucets, recycled content carpet and ground concrete flooring, and low or no-VOC paints; formaldehyde-free cabinet boxes, counter top substrates, and building insulation; implementation of indoor construction air quality management plan, construction waste recycling plan that diverts 75% of construction waste from landfills, a recycling trash chute for residents; and drought tolerant landscaping, bioswale drainage and filtration, and water permeable pavement.

One of RCD's recently completed projects is Villa Vasconellos in Walnut Creek, a green 70-unit affordable housing community for seniors that opened in February 2008. "Located across the street from multi-million dollar homes, Villa Vasconellos' design blends in with the surrounding architecture and has added value to the neighborhood and community," Adaniya states. "From the beginning, neighbors in Walnut Creek supported the development and once it was finished, they were amazed at how happy they were with the results."

Currently, the City of Martinez has three affordable housing developments in operation in Martinez but none offer income-adjusted housing specifically for seniors. "With the rising cost of living, many seniors on fixed incomes are vulnerable to becoming homeless. An affordable senior community like Berrellesa Palms can make all the difference in someone's life," says Adaniya.
Prospective residents undergo a rigorous application and screening process to qualify and maintain residency at RCD's communities. RCD conducts an extensive interview of all prospective household members, performs credit and background checks, third-party income verifications, and requires landlord references. "This is to insure that RCD's residents are good neighbors and tenants," Adaniya says. "The company's acceptance rate is 10-15%."

Rents at Berrellesa Palms are expected to range from approximately $270 to $770 per month (depending on household size and income). Most households will pay no more than 30% of their income toward rent and utilities leaving the majority of income available for other expenditures, investments and savings.

According to a study that was performed by Emeryville-based Bay Area Economics, the residents at Berrellesa Palms are estimated to generate approximately $807,000 in annual non-housing-related expenditures, much of which will potentially be spent in downtown Martinez and elsewhere in the City. Adaniya says that the report arrived at the $807,000 amount based upon the total of the various non-housing-related expenditures obtained from a consumer expenditure survey conducted during 2005-2006 and recent Bureau of Labor Statistics.

Currently, on the proposed development site there are two dilapidated single-family houses and a commercial operation with an office trailer, chain link fencing materials and their trucks occupying the premises. The site, which is bordered by Berrellesa, Buckley, Richardson and Foster streets in downtown Martinez, was previously used for heavy equipment storage and had office space in trailers for several industrial tank cleaning operations.

"Using the historic character of Martinez's architecture as Berrellesa Palms' design inspiration, the proposed senior housing development will provide an iconic design that takes its cues from the neighborhood's many Victorian examples," says Williams. "Together with repeating bay windows and a detailed cornice treatment, the generous front porch lends an air of elegance to the simple composition. Particular attention is paid to Berrellesa Palms' entry, with a slight shift in architectural style that still hearkens to days gone by. The introduction of Queen Anne elements such as a wide front porch, steeply pitched roof and octagonal turret, signal the importance of this building and its grand entrance."

In consideration of its environment and the infill site, the design and layout of Berrellesa Palms breaks down the site into four quadrants and transitions on the most sensitive edges. "Berrellesa Palms' Buckley Street frontage terminates at Richardson Street with a two-story design and takes advantage of the dropping grade towards Berrellesa Street by tucking in a subterranean parking area. At the intersection of Berrellesa and Buckley, the garage is above grade. But as you walk up the hill, the parking garage appears to 'sink' into the ground so that by the time you are at the top of the hill at Richardson, the garage is completely subterranean and there is just a story and a half appearing above grade," Williams explains.

"Developments designed to cluster homes help preserve open space for recreation, views and natural habitats," Williams says. "Pedestrian- and bicycle-friendly neighborhoods provide residents with opportunities to exercise and get to know their neighbors. Additionally, urban infill developments like Berrellesa Palms allow people to live closer to where they work, shop and dine, which means less time spent driving and more time for family, community and personal activities."

The proposed development site is located about a 1/4 mile from Main Street and Alhambra Avenue, the gateway to downtown Martinez, and 1/3 mile from the heart of the downtown. There are a wide range of restaurant options and a dinner theater as well as an assortment of retail opportunities such as antique shops, cafes, several banks (local and national), women's and children's clothing shops, a florist, gift shops and sundries. At the other end of Main Street are the County's administrative and district attorney's offices.

"The combination of affordable housing for seniors and in close proximity to the downtown commercial area and rail and bus service at the nearby Amtrak Intermodal Hub are significant factors that contribute to low car ownership rates amongst seniors," Adaniya says. The Amtrak station, which serves the Bay Area and the U.S., is just three short blocks away and is served by all three Contra Costa County bus lines connecting Martinez with nearby employment and the commercial hubs of Walnut Creek, Concord, and Richmond as well as all nearby BART stations. Furthermore, most of the buses pass by within a block of Berrellesa Palms.

Berrellesa Palms' parking ratio, which will be .67 spaces per dwelling unit, is almost double the City's parking requirement for senior housing. "Even with Berrellesa Palms being designed as a pedestrian-friendly, transit-oriented development with plenty of onsite parking, we still want to make sure that the project doesn't contribute to any parking shortage in the neighborhood so we are currently looking into the possibility of providing either a weekly van service or a car that residents can share," adds Adaniya. "It is our goal to contribute to the renaissance of Martinez's downtown area and be the stepping stone to future market rate development," says Adaniya. "Revitalization and new starts are what we are about at RCD, both for our residents (as many move onto homeownership) and for the communities and neighborhoods we serve."

With approvals, construction could begin on Berrellesa Palms in fall 2010, with completion anticipated for winter 2011, adds Adaniya.

About Resources for Community Development
Resources for Community Development (RCD) is an award-winning non-profit affordable housing development corporation dedicated to creating and preserving affordable housing for people with the fewest options in Northern California. Founded by Berkeley community members in 1984, RCD currently has a portfolio of over 1,600 affordable housing units that it has developed or owns in the cities of Alameda, Albany, Antioch, Bay Point, Berkeley, Castro Valley, Concord, Emeryville, Fairfield, Hayward, Oakland, Pacheco and Walnut Creek, which serves over 2,500 individuals and families. RCD's mission is to create and preserve affordable housing for those with the fewest options, to build community and enrich lives. For more information, visit http://www.rcdev.org/.

About KTGY Group, Inc.
Established in 1991, KTGY Group, Inc., Architecture and Planning, provides comprehensive planning and award-winning architectural design services for residential communities, retail, hospitality, mixed-use and related specialty developments. KTGY delivers innovative solutions that reflect clear understanding of development, marketing and financial performance and takes particular pride in its highly motivated and principal led studios. Serving clients worldwide, KTGY maintains offices in Irvine, Oakland and Santa Monica, and in Denver. See http://www.ktgy.com/.