Coreland Companies of Tustin, Calif., one of the largest privately held real estate service companies based in California, announced that it was awarded six new management assignments in Southern California totaling more than 1.1 million square feet during the last quarter including the Carousel Mall in San Bernardino, Plaza del Sol in Burbank, Brea Plaza in Brea, Westchester Shopping Center in Los Angeles, and Canyon Country Plaza in Canyon Country, plus a portfolio of 12 medical/office properties in the South Bay region.
Hanley Brown Group Real Estate Advisors, one of the most dominant retail investment groups in Southern California and a market leader in the exclusive representation of owners in the sale of shopping centers, announced today Edward B. Hanley and Eric L. Werner of Hanley Brown Group represented the seller in the $7.5 million sale of Margarita Square, a multi-tenant leased investment located at the signalized corner of Highway 79 and Margarita Road in Temecula, Calif. The 11,775-square-foot building was sold at a cap rate of 5.35%, which represented one of the highest prices per square foot deals in this area.