Hanley Investment Group’s Urban Retail Division Sells Ground-Floor Retail Condominium in Downtown Los Angeles, Calif. for $2,620,000

IRVINE, CA – January 10, 2012 – (RealEstateRama) — Hanley Investment (HI) Urban Retail Advisors, a 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, announced today that Carlos J. Lopez, President of HI Urban Retail Advisors represented the buyer in the purchase of the 6,150-square-foot ground-floor retail condominium of a 263-unit luxury condominium building, known as Luma, within the heart of Downtown Los Angeles, Calif. The purchase price was $2.62 million.