Saturday, April 5, 2025

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5 Tips for Relocating Your Small Business

Whether your company is expanding or you’re nearing the end of your lease, relocating can be a lot of work on a business. Once you’ve found the new location for your office space, you must diligently come up with a plan of action for the day of the move. While you may not have thought of planning for the move, it is imperative to saving your business time and money.

CBRE’s Philip D. Voorhees and NRIG-West Team Complete McCalla Centre Sale

CBRE Executive Vice President Philip D. Voorhees announced today that he and the National Retail Investment Group – West (NRIG-West) team completed the sale of McCalla Centre, a 110,620-square-foot neighborhood shopping center in the city of Santa Ana, Calif., anchored by a high-performing Northgate Market and CVS/pharmacy, along with a synergistic mix of retail and shop tenants. The sale price was $31,800,000, representing a 3.76% cap rate on high occupancy.

Meridian Receives National Award For Excellence in Healthcare Real Estate

Meridian, a full service real estate developer and owner of medical real estate, is pleased to announce that the firm’s 69,000-square-foot medical office building located at 5900 State Farm Drive in Rohnert Park, Calif. has received the prestigious 2015 HREI Insights Award in the category of “Best Renovated or Repurposed Healthcare Facility.”
Kennedy Wilson

James Cain Joins Kennedy Wilson in Austin

Jim Rosten, president of Property Services at global real estate investment and services company Kennedy Wilson, has announced the appointment of James Cain, who joins the company’s property management division as a regional director. Based in the firm’s Austin office, he will be responsible for expanding the firm’s property management program in primary and secondary markets throughout Texas.

Spanish-Inspired Live/Work Space Comes to Downtown Santa Barbara

A Spanish-inspired live/work space has officially arrived with the announcement of “El Jardin,” a new building located in the historic Presidio neighborhood in downtown Santa Barbara. The four-story development at 819 Garden Street, which is co-listed by Sotheby’s International Realty and Hayes Commercial Group, is designed for the business owner or CEO seeking a professional office space and a private home all in one place.

Hanley Investment Group Completes Sale of Single-Tenant Bank of America in Palm Desert for...

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that the firm represented the buyer and seller in the sale of a single-tenant Bank of America corporate ground lease in Palm Desert, Calif. The purchase price was $2,425,000.

Meridian Sells Dialysis Clinic in Fairfield, Calif. for $5.15 Million, 5.5% Cap Rate

Meridian, a full service real estate developer and owner of medical real estate, is pleased to announce that it has closed escrow on the sale of its 8,700-square-foot dialysis clinic in Fairfield, Calif. The purchase price was $5.15 million, representing a cap rate of 5.5%. This is Meridian’s third dialysis clinic that the company has sold in 2015, having also closed on properties located in Pomona and Modesto, Calif. earlier this year.

Unprecedented Demand for New Homes and Amenity-Rich Living in Popular Eagle Rock Creates Need...

Planet Home Living meets the demand of distinguished home-buyers looking for what is often impossible to find: a sleek, modern new home in an established, amenity-rich area. Designed by national award-winning firm KTGY Architecture + Planning, PRISM will offer fifteen single-family detached, new homes in Eagle Rock, just north of downtown Los Angeles. PRISM brings urban living to an already developed residential location walking distance to restaurants, grocery stores and more

Chris Cuaso of KTGY Presents “Placemaking: Does One Size Fit All?” at ICSC CenterBuild...

National award-winning KTGY Architecture + Planning is pleased to announce that Chris Cuaso, director of design in the firm's Retail Studio, has been invited to participate as a roundtable facilitator at the International Council of Shopping Centers (ICSC) CenterBuild Conference held from December 1-4, 2015, at the JW Marriott Desert Ridge Resort & Spa in Phoenix, AZ. Cuaso will present “Placemaking: Does One Size Fit All?” on Thursday, December 3, at 12:15 p.m., as part of the roundtable program.

Simon Perkowitz of KTGY Presents “How to Make Mixed Use Work” at ICSC CenterBuild...

National award-winning KTGY Architecture + Planning is pleased to announce that Simon Perkowitz, AIA, PE, a principal in the firm's Retail Studio, has been invited to participate as a roundtable facilitator at the International Council of Shopping Centers (ICSC) CenterBuild Conference held from December 1-4, 2015, at the JW Marriott Desert Ridge Resort & Spa in Phoenix, AZ. Perkowitz will present “How to Make Mixed Use Work,” on Thursday, December 3, at 12:15 p.m., as part of the roundtable program.

Steve Selig, Featured Speaker at 2nd Annual Atlanta Commercial Board of REALTORS® CRE Studio

The Atlanta Commercial Board of REALTORS® recently held its 2nd annual Commercial Real Estate Studio at the Jewish Federation of Greater Atlanta, featuring Steve Selig, CEO of Selig Enterprises and moderated by son, Scott Selig, Vice President of Selig Enterprises.

New Orleans’ Affordable Housing Options Increase with The Deaconess Apartments

Dignitaries, developers, and residents celebrated the grand opening today of The Deaconess apartments at 2535 Esplanade Avenue in New Orleans. Formerly the Bethany Nursing Home, the renovated, 40-unit complex was awarded a $400,000 Affordable Housing Program (AHP) grant in 2014 from First NBC Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas). The funds were used for the building's rehabilitation and renovation.

Hanley Investment Group Completes Sale of Hemet Plaza for $5,575,000

Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales, announced today that Senior Vice President Pat Kent completed the sale of Hemet Plaza, a 58,035-square-foot shopping center anchored by Big Lots (not part of the sale) and True Value hardware store in Riverside County, California. The purchase price was $5,575,000, representing a cap rate of 6.3%.

The Boulder Group Arranges Sale of Single Tenant Net Leased Walgreens

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant net leased Walgreens property located at 4300 Highway 17 South in North Myrtle Beach, South Carolina for $5,015,000.

Dekel Capital Arranges $50 Million Financing for Development of 331-Unit Multifamily Property in Salt...

Dekel Capital, a Los Angeles-based real estate merchant bank that specializes in sourcing and placing equity and debt for active middle market commercial real estate developers and investors, has placed $50 million in financing for the construction and development of the Pinnacle Sandy Apartments in the southeast corridor of the Salt Lake City metropolitan area. The deal was structured as a $36.1 million construction loan through Dekel Capital’s advisory practice and $13.9 million JV-Equity funded by the firm’s proprietary equity fund, Dekel Strategic Investors (DSI)

ABA Statement on House Passage of the Portfolio Lending and Mortgage Access Act (H.R....

“We applaud members of the House for passing the Portfolio Lending and Mortgage Access Act, legislation introduced by Rep. Andy Barr that would expand access to mortgage credit by treating loans originated by a bank and held in portfolio as Qualified Mortgages.  This important measure, which received bipartisan support, will help many creditworthy borrowers access safe, traditional credit that would otherwise be out of reach.

TOD Infill Master-Planned Community Moving Forward in Downtown Campbell, Silicon Valley

St. Anton Communities announces the beginning of construction activity on a major Downtown Campbell housing community, an $88 million project involving 14 separate parcels of land assembled through a multi-year effort. The “Residences at Railway” is strategically located adjacent to the Downtown Campbell Light Rail Transit Station, the Los Gatos Creek trail and numerous downtown businesses.  The project, which is located in the Silicon Valley, includes 119 apartments, 32 townhomes and six duets, all designed by national award-winning firm KTGY Architecture + Planning.

Meridian Receives HREI Insights Awards Nomination for Two Medical Office Building Projects

Meridian, a full service real estate developer and owner of medical real estate, is pleased to announce that two of its projects have been selected as finalists in the 2015 HREI Insights Awards in the “Best New Medical Office Buildings under 25,000 square feet.” and “Best Renovated or Repurposed Healthcare Facility” categories. Healthcare Real Estate Insights (HREI) is a national magazine that covers health care real estate development, financing, and investment.

FHLBNY Announces Results of 2015 Board of Director Elections

The Federal Home Loan Bank of New York (“FHLBNY”) announced today the results of the 2015 election for four positions on the FHLBNY’s Board of Directors whose terms will each commence on January 1, 2016. All four terms will run for four years, expiring on December 31, 2019

What to do When Moving Into a New Apartment

Congratulations! You’ve found the perfect apartment. It’s exactly the right size. It has all of the amenities you want. It’s in the neighborhood you love. It’s even well within your budget. You, dear reader, have found the holy grail of apartments. And, in another stroke of luck, you managed to snag it and put down a deposit before anybody else could grab it. Now what?

Business Real Estate Press Releases

Tami AssetVal Headshot

AssetVal and Restb.ai to Modernize Broker Price Opinions with AI-Powered Visual...

AssetVal, a valuation industry leader known for delivering high-quality Broker Price Opinions (BPOs), is partnering with Restb.ai, a trusted innovator in computer vision AI for the mortgage

Recent Gov & Nonprofit Real Estate Press Releases

MBA

MBA Calls on VA and Congress to Implement Permanent Partial Claim...

MBA's President and CEO Bob Broeksmit, CMB, released the following statement on the Department of Veterans Affairs’ (VA) reported plans of a phase-out of its Veterans Affairs Servicing