Monday, August 10, 2009

Hanley Investment Group Sells Neighborhood Shopping Center in Anaheim Hills, Calif.

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 Edward B. Hanley and Jeremy S. McChesney of Hanley Investment Group represented the buyer and seller in the sale of a 71,720-square-foot neighborhood shopping center in Anaheim Hills, Calif. The price could not be disclosed.

Anaheim Hills Plaza is located at 408 - 490 S. Anaheim Hills Road in Anaheim Hills. Positioned at the signalized intersection of Nohl Ranch Road and Anaheim Hills Road, the center is anchored by CVS/pharmacy.

The buyer was Lin Investments and the seller was a California limited partnership.

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.
Hodgdon Group Completes $3.5 Million in Improvements as Project Manager at CHW Medical Plaza in Fontana, Calif.

FONTANA, CALIF. -- Inland Empire-based Hodgdon Group announced it recently completed three medical construction management projects at the newly built CHW Medical Plaza in Fontana, Calif. The three tenant improvement projects have a combined value of approximately $3,575,000. Two of the projects were on behalf of Catholic Healthcare West (CHW), the eighth largest hospital system in the nation and the largest not-for-profit hospital provider in California; CHW also owns local hospitals St. Bernardine Medical Center and Community Hospital both located in San Bernardino, Calif. The other project was on behalf San Bernardino Medical Group, Inc.

According to Aaron Hodgdon, President of the Hodgdon Group, the Hodgdon Group served as the Project Manager for the tenant build-outs for all three tenants: St. Bernardine's Urgent Care Center, Inland Healthcare Group and San Bernardino Medical Group's medical offices.

The build-outs encompassed everything required for an operational medical facility -- converting a raw shell to a finished product. The Hodgdon Group team coordinated with the architect and engineers, obtained City permits, and coordinated competitive bidding through the landlord. Improvements included waiting areas, procedure and exam rooms, x-ray room, and physician and administrative offices. The architect for all three projects was Pierce/Cooley Architects, Inc. Hattox Design Group, LLC of Irvine provided the interior design. Both firms are based in Irvine, Calif. The developer is PRP Development of Newport Beach. Josef Farrar and Justin Hodgdon of UGL Equis in Costa Mesa, Calif. represented the lessor, San Francisco-based CHW, in the lease transaction.

CHW Medical Plaza is a two-story, 40,000-square-foot new building located at 17051 Casmalia Street, off the 210 Freeway at Sierra Lakes Avenue in Fontana. Inland Healthcare Group's new 10,068-square-foot medical facility is located in Suite 101 at CHW Medical Plaza. St. Bernardine's Urgent Care's new 4,647-square-foot medical facility is located in Suite 102. San Bernardino Medical Group's new 5,810-square-foot medical facility is located in Suite 103.

Hodgdon Group is a full-service real estate brokerage, development and construction management company for all of types of real estate projects; and has constructed a variety of medical office buildings through its general contracting division, Hodgdon-Miank Construction. For more information about the Hodgdon Group, please contact Aaron Hodgdon at 909.783.3020 or
aaron@hodgdongroup.com.

Thursday, July 30, 2009

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.

Saturday, July 18, 2009

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/.