Search
 

Hanley Sees Quick Retail Surge Already in 2012

IRVINE, CA-The company sold $225 million in 2011, but already has $200 million in escrow and listings, with demand still for centers still riding high from last year.

By Robert Carr | Updated on January 24, 2012

IRVINE, CA-Hanley Investment Group Real Estate Advisors, based here, said it sees remarkably increased retail transaction activity already in 2012. The company is coming off a year of selling 40 properties for more than $225 million, and said three weeks into the new year it’s already looking at a pipeline of $200 million worth of sites.

Ed Hanley, president of the firm, said key sales in 2011 included the sale of an 87,000-square-foot retail/office complex in South Lake District in Pasadena, CA for $21 million, eight strip centers in Inland Empire for $19 million, five Southern California Walgreens stores for $36 million

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.