Hanley Investment Group Promotes Jeremy S. McChesney to Senior Vice President

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 that Jeremy S. McChesney has been promoted from Vice President to Senior Vice President at Hanley Investment Group.

Since McChesney’s career in retail investment sales began in 2000, McChesney has sold over $150,000,000 of retail property throughout Southern California and the western United States. In the past year alone, McChesney closed over $21,000,000 in transactions, which included Anaheim Hills Shopping Center in Anaheim Hills, Copper Lantern Center in Riverside, Victorville Center in Victorville, Cypress Plaza in Cypress and Taco Bell Plaza in Lakewood. McChesney has been awarded the "Top Producer Award" as the #1 Agent at Hanley Investment Group in 2005, 2008 and 2009.

“I credit Jeremy’s performance to his tireless work ethic,” said Edward Hanley, president of Hanley Investment Group Real Estate Advisors. “Jeremy’s comprehensive retail sales transaction experience, combined with his in-depth market knowledge of the Southern California region, specifically North Orange County, continue to provide Hanley Investment Group and its clients with outstanding expertise and exceptional results.”

McChesney is a member of the International Council of Shopping Centers (ICSC) and also serves as a quarterly guest speaker at Pepperdine University's Master of Business Administration program for investment real estate evaluation. He is a resident of Laguna Beach.

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.

KTGY-Designed New LEED Silver Candidate, Transit-Oriented Apartment Community Celebrates Grand Opening in Anaheim
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SARES-REGIS debuts The Crossing, adjacent to Metrolink Anaheim Canyon Station

IRVINE, CALIF. - Designed by KTGY Group, Inc., Architecture and Planning, The Crossing celebrated the completion of a new luxury, transit-oriented apartment community in Anaheim, Calif., with a Grand Opening ceremony on April 22, 2010. Developed by SARES-REGIS Group, the largest privately-held developer of green apartment units in Southern California, The Crossing provides amenity-rich, pet and eco-friendly living adjacent the Metrolink Anaheim Canyon Station, close to employment, shopping, dining and entertainment, and easy access to 91, 55, 57, 22 and 5 freeways.

Located at 3530 E. La Palma Avenue in Anaheim, near N. Tustin Avenue, The Crossing is a modern, urban, infill apartment community consisting of 312 well-appointed lofts, one- and two-bedroom apartment homes (some with dens) and 39 live/ work units. There are 11 floor plans with the units ranging in size from 639 square feet to 1,421 square feet. Rent runs from $1,320 to approximately $2,165 per month.

“This is an exciting location – especially for commuters as The Crossing is situated next to the Metrolink/Amtrak station with convenient access to all the area’s major freeways and shopping, dining, entertainment and employment,” said David Senden, a principal with KTGY and lead designer on the project. “Built on a 5.2-acre site, which previously housed a warehouse building, this new development will spur the area’s conversion to quality residential.”

The Crossing features contemporary, urban architecture, resort-style amenities and upscale residences that attract career professionals, entrepreneurs and empty nesters with upscale urban preferences. “The Crossings’ bold profile avoids the typical monolithic look by using smaller animating elements, courtyard orientations and active corners to ensure an inviting human scale,” Senden said. “The sociable amenities enhance two boundaries, while a marquis presence defines the principal entrance. All of the apartments incorporate raised ceilings, expansive windows, high-end appointments and energy-efficiencies, and are focused on themed courtyards to orient them away from traffic, freeway and rail.”

The Crossing has been designed and built as an environmentally-friendly, smoke-free residential community promoting healthy living and sustainable practices. It is also a candidate for LEED Silver certification by the U.S. Green Building Council. LEED stands for Leadership in Energy and Environmental Design and provides a definitive national standard for what constitutes a “green building.” The project utilizes existing infrastructure and includes: dedicated parking for 120+ bicycles and preferred parking for fuel efficient vehicles; employs cool roof technology to reduce the heat island effect; maximizes open space; and captures storm water runoff. In-unit measures further promote a beneficial green prototype for attached housing.

Other green features include: Broan SmartSense ventilation systems to improve air circulation, high-grade energy efficient windows, water-saving fixtures including high-efficiency dual flush toilets, energy-saving compact fluorescent lights, low-VOC (Volatile Organic Compound) paint, adhesives and carpet, carpets made from 100% post-recycled content (recycled plastic bottles) and a community recycling program. There are also separate chutes for recyclables.

According to Senden, SARES-REGIS achieved a 94 percent landfill diversion rate during demolition and a 75 percent recycling rate during construction. “In a region dominated by the automobile and consumption of our natural resources, this environmentally-friendly development is a positive alternative that responds to a new demographic that is energy conscious but still demands resort-style living and rich amenities, near mass transit, employment, shopping and entertainment,” Senden added.

Residents don’t have to spend money on a gym membership as The Crossing has a health club quality fitness center with strength-training equipment, free weights, cardio stations with personal TV screens and a yoga studio. There is a sparkling pool and spa, spacious clubhouse with fireplace and catering kitchen, game room with tabletop shuffleboard and card gaming table, and a media screening room. The Crossing also has a business center featuring a conference table, computers, Internet access and printer/fax/scanner/copier. Free Wi-Fi is available in the common area locations. There are themed courtyards with outdoor seating areas and barbecues, and a sport court for basketball enthusiasts.

The well-planned apartment homes feature tall ceilings, expansive picture windows, large, open creative spaces, gourmet-style open kitchen with contemporary hardwood cabinets and flooring, stainless steel sinks with pullout spray faucet, stainless steel gas ranges and built-in microwaves, ENERGY STAR® dishwashers and refrigerators with ice makers, floor-to-ceiling pantries, convenient kitchen islands, and granite slab countertops. The bedrooms offer spacious walk-in closets and mirrored wardrobe doors. Each unit includes ENERGY STAR® full-size front load HE washers and dryers, a private patio or balcony with French doors, enclosed storage space, central air conditioning and heating, dimmable lighting and motion sensors.

The leasing office for The Crossing is located at 3530 E. La Palma Avenue, Anaheim, CA 92806. For more information, call 877.719.4818 or visit www.thecrossinganaheim.com.

About SARES-REGIS Group
SARES-REGIS Group is one of the leading developers and managers of commercial and residential real estate in the western United States. Headquartered in Irvine, Calif., the company’s Multifamily Property Management Division manages 16,180 rental apartments in California, Colorado and Arizona. Sixty percent of the division’s portfolio is third-party management. Currently, the company has more than 4 million square feet of commercial industrial in the entitlement process and 1,962 residential units in pre-construction and development. SARES-REGIS Group has a combined portfolio of property and fee-based assets under management valued at more than $4 billion, including 15 million square feet of commercial and industrial space. Since its inception the company has acquired or developed approximately 44 million square feet of commercial properties and 19,000 multifamily and residential housing units. Visit www.sares-regis.com.

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 www.ktgy.com.

Whittlesey Doyle Adds Veteran Infill Development Specialist Greg Sullivan as Senior Land Advisor

IRVINE, CALIF. - Whittlesey Doyle, a full-service land brokerage and advisory firm and market leader in the sale of land in Southern California, announced today that industry veteran Greg Sullivan has joined the company as senior land advisor focused primarily on the Orange County market. A real estate career spanning more than 25 years, Sullivan has negotiated the sale of more than $1 billion in commercial, multi- and single-family residential properties. Most recently, he co-founded a boutique real estate brokerage firm focused on infill redevelopment opportunities.

Sullivan started his career at CB Richard Ellis in 1986 and spent 10 years as an office specialist in central Orange County. In 1997, he was hired by Arden Realty, Inc., an institutional office real estate investment trust (REIT), to head up its Orange County and San Diego regions. Sullivan’s responsibilities included asset management, property management, leasing, marketing and value enhancement of an approximate four million-square-foot mixed-use portfolio. He quickly achieved stabilization of the portfolio at 94.7% occupancy and was promoted to Vice President. Due to the success of his region, he won the attention of their president and COO and was selected to head up a Taxable REIT Subsidiary (TRS) that outsourced the company’s expertise and services for the benefit of Arden’s shareholders. In 2002, Sullivan co-founded Urban Infill Properties, Inc., a boutique real estate company specializing in the identification, acquisition, management and disposition of urban land for residential and commercial developments, adaptive re-use, new construction and investment.

“With more than two decades of commercial and residential real estate experience, Greg Sullivan instinctively knows the value of non-performing commercial assets and the underwriting requirements for the residential product that could potentially replace them. Additionally, Greg has the working knowledge of the General Plan Amendment and Zone Change processes giving him the expertise to structure these often more complicated transactions,” says Tom Doyle, co-founder and principal at Whittlesey Doyle. “We are thrilled to have him on board.”

Sullivan stated that Whittlesey Doyle is a natural step in his career providing him with data, information and support to better service his clients’ needs. His clientele ranges from developers to individual investors, family trusts, institutional lenders, pension funds, and both public and private builders.

Sullivan graduated from Loyola Marymount University with a Bachelor’s degree in Psychology and a minor in Business Administration. He is a licensed California Real Estate Broker and a resident of Newport Beach, Calif.

About Whittlesey Doyle
For more than a decade, Whittlesey Doyle has been the leading brokerage company specializing in the sale of land for builders, developers, investors and landowners throughout Southern California. With extensive experience in selling distressed and REO properties, Whittlesey Doyle has provided countless builders, banks and lenders with insightful options as well as managed work-out strategies for complex real estate assets and large portfolios. Whittlesey Doyle’s ability to accurately match its clients' needs with outstanding market opportunities has led to billions of dollars in land sales. And, through this, Whittlesey Doyle has created long-term partnerships with its clients who have come to know Whittlesey Doyle for the hallmarks that distinctly separate the firm from its competition: market knowledge, vision, integrity and commitment. When Whittlesey Doyle sees land, Whittlesey Doyle sees opportunity. For more information on the company and its listed properties, visit www.wdland.com.

KTGY-Designed New Mixed-Use Apartment Community Celebrates Ribbon Cutting Ceremony in Historic Old Town Monrovia
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Urban Housing Group Debuts Paragon at Old Town, the First New Apartment Community Built in Monrovia in Decades

IRVINE, CALIF. - Designed by KTGY Group, Inc., Architecture and Planning, Paragon at Old Town celebrated the completion of the mixed-use apartment community with a ribbon cutting ceremony, in the historic Old Town district in Monrovia, Calif. Developed by Urban Housing Group, a leading developer of multi-family and mixed-use residential projects, Paragon at Old Town provides amenity-rich living within walking-distance to services, transportation, boutique shops, cafes, restaurants and entertainment. Walk Score awarded Paragon at Old Town a score of 95 out of 100, calling it “a Walker’s Paradise,” in its rating of the U.S.’s Most Walkable Neighborhoods.

Paragon at Old Town is a mixed-use, urban apartment community that sits at the south end of Monrovia’s historic Old Town district at 700 S. Myrtle Avenue, between Olive and Walnut Avenues. The new development consists of 163 luxurious one- and two-bedroom apartment homes built over 6,000 square feet of commercial space situated on the ground floor. The units range in size from 744 square feet to 1,247 square feet and rent from $1,595 to approximately $2,600 per month. An attached parking garage offers plenty of parking for residents, 330 resident spaces plus 75 public parking spaces.

“Paragon at Old Town is a perfect example of the type of projects that cities and experienced developers are focused on in this current economic climate: core, urban locations that offer close proximity to jobs, amenities, transportation and established infrastructure where people can live, work, play and shop,” says Daniel R. McAllister, NCARB, Principal, Director of Architecture at KTGY.

Monrovia’s Mayor Mary Ann Lutz agrees. “Paragon at Old Town represents the quintessential public-private partnership,” she says. “The City called out the need for quality residential development in 2002 as part of its Vision 2010 planning process, and now that vision is a reality.

“Paragon is a perfect fit for Old Town’s unique neighborhood, with its sophisticated blend of homes, shops, dining, entertainment and services,” Mayor Lutz continues. “All of Monrovia welcomes the residents and staff of Paragon at Old Town to their new home.”

Located in the heart of the San Gabriel Valley about five miles east of Pasadena, Paragon at Old Town offers easy access to 210, 605, 134 and 110 freeways, hiking in nearby Monrovia Canyon Park, golfing at Santa Anita Golf Course, and only minutes to Westfield Santa Anita Shopping Mall. The new community is also in walking distance to national and local retailers including supermarkets and specialty grocers, movie theaters, schools, Monrovia’s new community center, 28,000-square-foot public library, and park, and Old Town’s weekly Family Festival and Farmer’s Market.

Residents of Paragon at Old Town will also have convenient access to the Metro Gold Line Station, Burbank and Ontario International Airports, Cal Tech, Claremont Colleges, and Mt. Sierra. Some of the nearby world-famous attractions in close proximity to Monrovia’s newest community include the Rose Bowl and Norton Simon Museum in Pasadena, Huntington Library in San Marino, and the Santa Anita Race Track in Arcadia.

Paragon at Old Town’s apartment amenities include impressive San Gabriel Mountain and city views, nine foot ceilings, gourmet kitchens with granite countertops, ENERGY STAR-qualified appliances, and wood plank-style flooring; in-unit full-size washer and dryer large soaking tub, and private patios or balconies with extra storage. Most units have walk-in closets, too.

All residents will have access to a resident’s lounge with a fireplace, flat screen television, and entertaining kitchen. The community even has a billiard room and 24/7 fitness studio, eliminating the need for a gym membership. There is also a large resort-style courtyard with heated elliptical swimming pool and spa featuring poolside cabanas, an outdoor fireplace and barbecue area with two grills, a bar space and dining tables. Other community amenities include free Wi-Fi access in community common areas, four secluded courtyards with outdoor seating, concierge and laundry services, a gated parking garage with controlled entry system, and convenient direct access to living level from parking garage and elevators.

Managing Director of Urban Housing Group Dan Deibel states, “We are thrilled with the outcome of Paragon at Old Town and feel that it provides an excellent new housing opportunity in an outstanding community.” He adds, “Leasing is going great and through a short-term pre-leasing effort, we have leased 21 units, of which 18 are scheduled for April move-ins.”

The leasing office for Paragon at Old Town is located at 700 S. Myrtle Avenue, Monrovia, CA 91016. For more information, call 626.932.1000 or see www.ParagonAtOldTown.com.

About Urban Housing Group
Urban Housing Group, a subsidiary of Palo Alto-based Marcus & Millichap Company, has a 50-year heritage of developing, owning and managing multi-family apartment home communities throughout California. The company specializes in multifamily and mixed-use residential communities, offering a convenient lifestyle, with locations near employment centers, transportation hubs, arts and entertainment venues. Visit www.urbanhousinggroup.com.

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 www.ktgy.com.

Hanley Investment Group Sells Single-Tenant NNN Wells Fargo for $3,245,000
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All Cash, 1031 Exchange Buyer

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 that Edward B. Hanley and William B. Asher represented the seller in the sale of a single-tenant NNN Wells Fargo in Menifee, Calif. The purchase price was $3,245,000.

Located in Riverside County at 30186 Haun Road in Menifee, the single-tenant Wells Fargo is a pad building situated within the Countryside Marketplace, the dominant power center in the region anchored by Super Target, Lowe’s, Kohl’s, Best Buy, Staples and Michaels. Other notable tenants include Tilly’s, Old Navy, Petco, BevMo, In-N-Out, Red Robin, Chipotle and Starbucks. Built in 2008, Wells Fargo occupies a 5,250-square-foot, free-standing building situated on a 0.55-acre parcel of land.

“The demand for single-tenant NNN investments continues to be extremely strong,” said Edward B. Hanley, president of Hanley Investment Group Real Estate Advisors. “There is a lack of quality single-tenant NNN properties on the market right now in southern California. When they do come to market, they are transacting quickly with all cash buyers.”

“The Wells Fargo benefits from an outstanding location within a power center that features a high quality mix of credit tenants,” said William B. Asher, managing director at Hanley Investment Group. “Overall, single-tenant bank buildings with the credit of a Wells Fargo or similar to it are receiving the most activity in the marketplace and viewed by the investment community as one of the most stable and secure single-tenant investments.”

Asher notes the buyer paid cash and fulfilled a 1031 exchange with the purchase.

The buyer, Lew 1st – Crenshaw Properties, LLC of Glendale, Calif., was represented by James Kwon of Coldwell Banker Best Realty in Fullerton, Calif. The seller was Donahue Schriber Realty Group of Costa Mesa, 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 brokerage 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.

The Muller Company Awarded Three New Property Management Contracts Totaling Over 1.9 Million SF

LAGUNA HILLS, CALIF. – The Muller Company, a full service real estate company specializing in management, investment and development of commercial real estate in the western United States, announces today that the firm has been awarded three new management contracts totaling over 1.9 million square feet. DCT Industrial Trust, Inc. selected The Muller Company to manage its Phoenix portfolio of 14 industrial buildings totaling over 1.6 million square feet; Bank of America awarded The Muller Company a contract to manage Creekside Executive Center in Camarillo, Calif., a two-story office building and 13 office/medical condos totaling 73,892 square feet; and the firm also received a management contract from a leading global financial services company for a 19-story, 255,477-square-foot office building in Phoenix.

Based in Denver, Colo., DCT Industrial Trust is a leading real estate company that owns, operates and develops high-quality bulk distribution and light industrial properties in large-volume distribution markets in the United States and Mexico. The Muller Company will manage DCT’s portfolio of 14 industrial buildings located throughout Maricopa County in Arizona, and was selected for its owner’s approach to management, proactive style and local presence in the Phoenix marketplace. The Muller Company’s Senior Property Manager Tiffany Lauchlan, CPM, with more than 13 years of property management experience, will oversee DCT’s 1.6+ million-square-foot portfolio.

Bank of America selected The Muller Company because of the firm’s presence in Ventura County and substantial experience in managing bank-owned assets. Located at 4001-4087 Mission Oaks Boulevard in Camarillo, Calif., Creekside Executive Center consists of a two-story, 55,322-square-foot office building and 13 office/medical condominiums totaling 18,570 square feet. The Muller Company’s Property Manager Patti Mallen will manage Creekside. In addition to leasing and maintaining the property, Mallen will assist in selling the remaining condos by 2011.

“The Muller Company, with their hands on approach, has been a tremendous asset in helping Lee & Associates position Creekside Executive Center for the market,” said David Kim of Lee & Associates, one of Creekside Executive Center’s exclusive sales, leasing and marketing representatives. “With the many resources and long-standing vendor relationships, The Muller Company always makes a broker’s job easier. Furthermore, Creekside Executive Center is an excellent property and is well-maintained by The Muller Company and, as a result, we are receiving great responses from prospective buyers, which is very exciting!”

The Muller Company, because of their experience in the Phoenix market with 4+ million square feet under management, was awarded a contract to manage a 19-story, 255,477-square-foot office building located in Phoenix. The Muller Company is responsible for leasing and maintaining the property. Since the management contract was acquired, there has been a 10% growth in new leases and 8% growth in renewals.

“This is and will continue to be a challenging economic climate for some time and property owners must have a strategic plan in place in order to minimize the downside of property values in today’s environment. Every aspect of operating an asset must be thoroughly scrutinized to assess optimal income-producing capabilities,” said Jon M. Muller, Principal of The Muller Company.

“We view the assets that we manage as if we owned them ourselves and look for ways to increase the asset’s value through multiple value-add strategies as well as lowering operating costs and expenses. Additionally, retaining existing tenants and filling vacancies through proactive management are key to getting through this current cycle. It is critical that building owners have a plan in place or hire an experienced third-party management company such as The Muller Company to create and implement one before a drop costs or vacancies impact the property’s value beyond an acceptable level,” added Muller.

The Muller Company recently added two seasoned commercial real estate veterans to expand its corporate ranks and help spearhead the firm’s 2010 goals of refinancing, finding new institutional partners and growing the fee management side of the business. The Muller Company hired Lori Ann Haigh, former Vice President of National Sales at First American Title, as the new Director of Business Development; and Susan G. Rosenblatt, former Senior Vice President at Wells Fargo Bank, as the Director of Asset Management.

About The Muller Company
The Muller Company has over 30 years of experience in developing, acquiring and managing a diverse portfolio of over 20 million square feet of office, industrial and retail real estate throughout the western United States, with nearly 11 million square feet currently under management in the California and Phoenix markets. Over the years, The Muller Company has partnered with institutional owners such as GE Capital, Capmark, Rockwood Capital, BlackRock, ING Realty and Metlife. Empowered by an entrepreneurial spirit and guided by an owner’s perspective, The Muller Company excels at mining the long-term value from every asset that it manages by adding value, either through leasing, capital improvements, refinancing, operational audits and repositioning. For more information, contact the Director of Business Development, Lori Ann Haigh at 949.460.5380 or visit www.themullercompany.com.

Hanley Investment Group Sells 99 Cents Only Anchored Shopping Center in Las Vegas, NV
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100% Occupied, 4 Tenant Investment Sells for $4,827,000

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 Eric P. Wohl and Edward B. Hanley of Hanley Investment Group represented the buyer and seller in the sale of a four-tenant shopping center in Las Vegas, Nevada. The purchase price was $4,827,000, representing $177 per square foot.

The 27,300-square-foot shopping center, known as Family Place, is located at 1125-1175 East Charleston Boulevard in Las Vegas. Positioned at the signalized intersection of Charleston Boulevard and Maryland Parkway, the property is situated on a 1.97-acre parcel. Tenants include 99 Cents Only, Burger King (ground lease), LaunderLand and Moneytree. The property was built in 2003 and was 100 percent occupied at the time of sale.

“99 Cents Only was a logical buyer for the property due to the fact that their store performs very well at this location,” said Eric P. Wohl, a vice president at Hanley Investment Group. “The transaction was a success for both parties. 99 Cents Only acquired an investment they occupied in a location and area that fit the company’s goals and objectives long term, while the seller disposed of a non-core asset within their portfolio.”

“The market for single-tenant and multi-tenant retail properties priced under $5 million is very active right now,” adds Edward B. Hanley, president of Hanley Investment Group. “With a lack of product currently on the market, demand continues to increase from buyers seeking retail investment properties across the western United States.”

The buyer was 99 Cents Only, Inc. based in Commerce, Calif. The seller was Family Place Station, LLC of Salt Lake City, Utah.

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 brokerage 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.

KTGY-Designed Quality Workforce Housing in Irvine Celebrates Grand Opening
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Jamboree Housing Corporation Completes The Arbor at Woodbury for 90 Families Who Earn 30% to 60% of O.C. Median Income

IRVINE, CALIF. - Designed by KTGY Group Inc., Architecture and Planning, The Arbor at Woodbury Apartment Homes in Irvine, Calif. celebrated its Grand Opening. Developed by Jamboree Housing Corporation, a leading California nonprofit housing developer, The Arbor at Woodbury provides high-quality workforce housing to families earning between 30% and 60% of the area median income. The Arbor at Woodbury offers 90 thoughtfully-planned dwellings ranging in size from one- to three-bedroom units. Rent is currently $523 to $1,450 per month based on family size and income level.

Located at 300 Regal Avenue in Irvine, The Arbor at Woodbury features 18 one-bedroom, 43 two-bedroom and 29 three-bedroom garden-style apartments. Each of the property’s six buildings is designed around a central courtyard to encourage interaction among residents. All homes include central heating and air, Internet and cable access, granite counter tops, master bedroom walk-in closets, fluorescent lighting throughout, low-flow showers, dual-flush toilets and outdoor balconies or decks. One-car garages for each family and additional on grade parking provide plenty of adequate parking for residents. In addition, homes are equipped with energy-efficient lighting and appliances, including ENERGY STAR refrigerators and dishwashers.

Families living here have access to the property’s Community Center that includes management offices, a kitchen, computer-learning center, and tutoring/arts & crafts room. Community amenities include a laundry center with ENERGY STAR washers and dryers, a tot lot, salt-water pool and barbecues.

The Arbor at Woodbury is an integral part of the Woodbury Master Plan in eastern Irvine, a square-mile development that, when complete, will include residential units that consist of single-family detached homes, town homes, condominiums, and rental apartments. Woodbury is designed as unique districts of residential homes, with 16 neighborhood squares, gardens, and a park situated around a 30-acre central gathering place called “The Commons,” which offers athletic fields, a playground, recreation center, and swimming pools for neighborhood use.

According to KTGY’s David Obitz, principal and designer, “The Arbor at Woodbury is fantastic opportunity to integrate affordable housing into a world-class master-planned community and one of Irvine’s newest villages. The Arbor looks feels and lives just like the rest of Woodbury.”

Using the same high quality finishes and materials as surrounding market-rate properties, the Mediterranean-style design integrates seamlessly into the aesthetic fabric of the neighborhood.

“Architectural integration is always a top priority for all of our workforce housing projects,” Obitz adds.

As a transit-oriented development, community amenities such as neighborhood parks and shopping centers, medical services, churches, schools and colleges are within walking distance. Furthermore, in its ongoing commitment to respect environmental resources and to pursue sustainability, Jamboree provides complimentary van service to residents during commuter hours from The Arbor at Woodbury to the Irvine Transportation Center.

The Arbor at Woodbury is .5 miles from the local elementary school and is three miles or less from the local middle and high schools. The Irvine Unified School District (IUSD) consistently ranks among the finest educational systems in the nation. Irvine students consistently lead Orange County in SAT scores, and more than 90% of its high school graduates attend college.

“Sustainable design and close proximity to jobs, services and education further increase affordability for residents who have few affordable housing options, especially for larger families,” says Obitz. A family of four earning $46,500 (50% of area median income) will pay about $1,140/month in rent for their three-bedroom home at The Arbor at Woodbury.

In addition to The Arbor at Woodbury, KTGY has designed other Jamboree apartment communities including Diamond Apartment Homes in Anaheim, a pioneering green multifamily development that provides both housing and mental health supportive services for previously homeless individuals and their families in Orange County. Diamond Apartment Homes, which opened in April 2009, received a Gold Nugget Merit Award for "Outstanding Affordable Project - Under 30 du/acre."

KTGY has also designed other Jamboree apartment communities including Granite Court Apartment Homes in Irvine, which opened in July 2009 and was honored with a Gold Nugget Merit Award for "Outstanding Affordable Project - 30 du/acre or More." Granite Court is designed for green, smart growth and features a modern, compact, 71-unit residential complex with four stories of comfortable residential living atop two levels of underground parking.

KTGY also designed Jamboree Housing’s Monarch Pointe Apartment Homes in Anaheim, which opened in August 2008, and Ceres Court Apartment Homes in Fontana, which opened in September 2008. Granite Court, Monarch Pointe and Ceres Court provide housing to families earning between 30 percent and 60 percent of the area median income. Diamond is home to 25 families who earn no more than $30,120 (30% of the area median income).

KTGY continues its stride in producing award-winning workforce housing 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 Jamboree Housing Corporation
Founded in 1990, Jamboree Housing Corporation is an award-winning, broad-based nonprofit housing development company that develops, acquires, renovates and manages permanently affordable rental and ownership housing for working families and seniors throughout California. Housing with HEART (Helping Educate, Activate and Respond Together) is a 501 (c)(3) organization and a division of Jamboree Housing Corporation. A year-long commemoration of Jamboree’s 20th elevates the ripple effect of providing high quality affordable housing that generates more jobs, creates supportive housing for seniors and those with special needs, promotes healthy living and builds stronger communities. A leading nonprofit developer, Jamboree’s portfolio includes the development of and/or ownership interest in more than 6,500 affordable homes in more than 55 California communities. Currently, Housing with HEART programs and services are offered at 31 Jamboree communities with designated staff at each location. More information is available at www.jamboreehousing.com.

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 www.ktgy.com.