Solana Beach, CA – Lee & Associates, one of the largest national commercial real estate brokerage firms, has closed a $6.85 million sale of 1.76 acres of coastal land located at 329 & 343 S. Highway and 101/120 & 128 Dahlia Dr. in Solana Beach, Calif.

Principals Steve Bruce and Matt Weaver of Lee & Associates represented both the seller, Maganda Corporation, and the buyer, American Assets Trust, in this off-market transaction. Maganda is a privately-held family corporation and American Assets Trust is a full-service real estate investment trust that owns, operates, acquires and develops retail, office and multifamily properties in California, Hawaii and Oregon.

According to lead broker on the deal, Steve Bruce, this deal is one of the largest coastal commercial land transactions to sell in the past five years. American Assets Trust purchased the land with the intention of redeveloping the site for commercial/residential use.

“The site has been in great need of redevelopment. American Assets is an excellent owner who will develop the land to its highest and best use, while also giving the Solana Beach community a much desired mixed-use project,” said Bruce.

About Lee & Associates

Celebrating more than 32 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 43 locations across the nation including Arizona, California, Georgia, Idaho, Indiana, Illinois, Kansas, Michigan, Missouri, Nevada, New Jersey, Texas and Wisconsin. With a roster of nearly 700 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.

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About Key West Real Estate

Sean Farrer is a local Key West real estate agent specializing in commercial and residential properties, including Key West foreclosures and condos.

Madison, WI – The Madison, Wisconsin office of Lee & Associates, one of the nation’s largest commercial real estate firms, has completed $2.8 million of leases at The Shoppes at Hartford; a 24,000-square-foot retail center in Hartford, Wis. Steve Doran and Todd Waller represented the ownership group on all transactions.

Located next to a new Wal-Mart Super Center, Lee Madison had the center 75-percent pre-leased before construction commenced and 100-percent leased before construction was finalized. Construction commenced April 1, and all tenants are expected to open before Christmas 2011.

The lessees at the 24,000-square-foot center include Dollar Tree (8,000 SF), Game Stop (2,000 SF), Maurices (5,000 SF), Hibbett Sports (5,000 SF), Cash Store (1,300 SF), Great Clips (1,300 SF) and World Finance (1,400 SF).

About Lee & Associates

Celebrating 32 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 43 locations across the nation including California, Arizona, Georgia, Idaho, Illinois, Indiana, Kansas, Michigan, Missouri, New Jersey, Nevada, South Carolina, Texas and Wisconsin. With a roster of more than 600 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.

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This release is distributed in part by Press Release Distribution Associates, specializing in real estate press releases. For information on Key West real estate, see Real Estate Press Releases.

Brea, CA – Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $4 million sales transaction for a 45,560-square-foot industrial building located at 1425 Moonstone Street in Brea, Calif.

Luke Hudson and Scott Seal of Lee & Associates’ Orange office represented the buyer, Nail Harmony. Tom Dorman of CB Richard Ellis and Ian Britton and Colliers International represented the seller, Cohen Asset Management.

“The dynamics of this sale were incredible and it completely firms up the notion of a sound business, in a growing phase, capitalizing on the current economics,” said Hudson. “Our client was in a position to purchase two adjacent, above standard industrial buildings at pricing points of 2003. Although we’re experiencing a recent shake up in buyer’s confidence due to the market volatility, we are still finding motivated buyers and sellers in the market.”

About Lee & Associates

Celebrating more than 32 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 43 locations across the nation including Arizona, California, Georgia, Idaho, Indiana, Illinois, Kansas, Michigan, Missouri, Nevada, New Jersey, Texas and Wisconsin. With a roster of nearly 700 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.

About Press Release Distribution Associates

This release is distributed in part by Press Release Distribution Associates, specializing in real estate press releases. For information on Portland real estate copywriting and distribution, see Real Estate Press Releases.

Poway, CA – Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed a $3 million sale (5 percent cap rate) on a 3,500-square-foot In-N-Out Burger restaurant, a regional chain of fast food restaurants in the western U.S., located at 12890 Gregg Court, in Poway, Calif.

Ryan Barr and Ryan Bennett of Lee & Associates – Net Leased Group in Carlsbad, represented the California-based buyer, Delta Gateway. The seller represented himself. Barr and Bennett founded the Net Leased Group, which specializes in national sales and acquisitions of net leased and retail shopping center investments, in 2007.

Located on the corner of Community Road and Scripps Poway Parkway within a larger shopping center housing other retailers like STAPLES and Kohl’s, the property was ground leased to In-N-Out Burger on a 20-year triple net ground lease with over 19 years remaining on the initial lease term. According to Barr, the deal took three months and closed after a 45-day escrow.

“This was a very rare sale as you don’t usually see single tenant properties with In-N-Out Burger as the tenant come available for sale,” said Barr. “Triple net lease investments are in high demand and we were able to successfully secure our client this unique management-free opportunity in a prime location with a sought after tenant.”

About Lee & Associates

Celebrating more than 32 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 43 locations across the nation including Arizona, California, Georgia, Idaho, Indiana, Illinois, Kansas, Michigan, Missouri, Nevada, New Jersey, Texas and Wisconsin. With a roster of nearly 700 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.

About Net Leased Group

The Net Leased Group specializes in the acquisition and disposition of single tenant net leased (NNN) investments in addition to retail shopping center investments nationwide. The Net Leased Group provides full advisory services to high net worth individuals, developers, institutional investors, REITS, and sale-leaseback expertise to franchisees. By leveraging these highly valued relationships in conjunction with our proprietary database of global investors, we are able to provide each client with world-class brokerage services. Additional information is available at www.leennn.com.

About Press Release Distribution Associates

This release is distributed in part by Press Release Distribution Associates, specializing in real estate press releases. For information on synthetic lawns, see Real Estate Press Releases.

Ross Bourne has been promoted to Vice President at CB Richard Ellis. He started his career in commercial real estate by joining CB Richard Ellis in 2004 where he joined one of CBRE’s most successful teams in the nation. Ross graduated from the University of San Diego in 2001 after 4 years of collegiate tennis and a degree in Marketing/Real Estate. After a brief stint with a local marketing firm, Ross moved into brokerage and quickly became of Orange Counties top brokers.

Education

• University of San Diego, May 2001
• Bachelor of Bus. Administration; Marketing/Real Estate

Professional Affiliations

• Member USD Alumni Association
• California Real Estate Sales License
• NAIOP (National Association of Industrial & Office Properties)
• Member Big Brothers and Big Sisters of Orange County
• Board Member – Club Corp Young Executives Committee
• CBRE Life Science Group Member

Achievements

• 4 Year Starter for USD Tennis Team
• Dale Carnegie Graduate
• Antarctica Marathon – 2008

Contact CB Richard Ellis

Joan Valentine, Client Services Specialist
CB Richard Ellis
License 01309499
Broker License 00409987
3501 Jamboree Road, Suite 100
Newport Beach, CA 92660
949-725-8530
www.cbre.com

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Chicago, IL – Lee & Associates, one of the largest commercial real estate firms in the country, continues its torrid growth in the Midwest retail brokerage scene by adding a pair of senior vice presidents to its Chicago office. Joseph Herron and Jason Sorce have both joined Lee & Associates Chicago to help bulk up the firm’s retail brokerage as part of the its rapid expansion in the Midwest.

“We in Chicago are thrilled with the addition of two seasoned well respected brokers of Jason and Joe’s caliber,” said Rick Scardino, director of retail brokerage in Lee’s Chicago office. “Their combined 25 years of experience are a wonderful addition to the Lee team, and there are plans to add to this dynamic group in the future.”

The addition of Herron and Sorce is the latest in a string of new hires for Lee & Associates in the Midwest. The firm also recently added Robyn Smart as a senior advisor in its Indianapolis office. Like Herron and Sorce, Smart’s focus is on all aspects of retail brokerage.

Herron joins Lee & Associates from Mid-Amerca Real Estate Corporation, where he spent 10 years as a retail broker. He specializes in retail tenant representation, the leasing of retail commercial property, and is involved with the pre-leasing of proposed power centers. His focus has been on the Metro Chicago trade area, as well as Downstate Illinois.

Sorce brings 12 years of experience in retail leasing, sales and disposition, tenant representation and developments services to Lee & Associates. His experience includes time spent with SRS Real Estate Partners and NAI Hiffman. Sorce’s experience in national and local landlord and tenant representation has created value through the understanding of both parties’ requirements.

Both Herron and Sorce’s professional affiliations include the International Council of Shopping Centers (ICSC).

About Lee & Associates

Celebrating 32 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 43 locations across the nation including California, Arizona, Georgia, Idaho, Illinois, Indiana, Kansas, Michigan, Missouri, New Jersey, Nevada, South Carolina, Texas and Wisconsin. With a roster of more than 600 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.

About Press Release Distribution Associates

Press Release Distribution Associates is one of many distribution channels for the above press release. For more information on Portland Real Estate, see Real Estate Press Releases.

San Diego, CA – Commercial real estate property managers are increasingly turning to artificial turf to reduce maintenance costs and increase cash flow for clients, according to a leading synthetic lawn installer in the San Diego area.

Scot Wozniak of San Diego Lawns, Inc. says that he’s seen an increasing trend toward installing water-efficient low-maintenance artificial grass on commercial properties in order to ensure the best cash flow possible on the investment property.

“I can sit down with any property owner and go over the numbers to determine the return on investment for installing artificial turf. In most cases, owners are stunned at how much they spend on water and maintenance costs each month.”

He says that commercial properties in particular are prone to over-spending on maintenance and water.

“Larger properties obviously can save quite a bit more each month than smaller properties. While there are some initial outlays to install synthetic lawns, that investment is quickly recouped.”

For more information, please contact:

Scot Wozniak
President
San Diego Lawns, Inc.
1035 Surrey Dr
Bonita CA 91902
619-495-0722
http://www.sandiegolawns.com/
scot@sdlawns.com

Sale reflects renewed investor demand for apartment assets, in the Inland Empire

Sherman Oaks, CA – The Lee & Associates Multi-Housing Investments Group transacted the sale of Montierra Apartments, a 240-unit apartment complex at 1701 E. D St. in Ontario, CA for $35 million in a transaction that further demonstrates that investor confidence has returned to the Inland Empire.

The property was acquired by Jackson Square Properties from Coastal Ontario LLC, according to Jim Fisher, Mike Smith and Craig Stevens, principals at Lee & Associates who represented both the buyer and the seller in the transaction. Built in the mid-1980s, Montierra Apartments is well-located near Ontario International Airport and the Ontario Convention Center.

Although apartment demand rose dramatically beginning in the second half of last year, the relatively swift close of the transaction was a function of the acquisition fulfilling the buyer’s1031 exchange requirement.

“Many investors anticipated the Inland Empire would be a slower market to recover because this market was especially impacted by the recession,” Fisher said. “However a number of transactions have taken place here in the last few months with others in the pipeline to follow.”

The increased demand for apartment assets, along with low interest rates has fueled the volume of apartment investment transactions throughout Southern California.  Savvy investors will continue to turn to apartment assets as their investment fundamentals have outperformed office, retail, and industrial product types through the economic downturn.

“Interest in the Inland Empire has returned faster than many thought” said Fisher. Apartment assets in that market and throughout Southern California are in scarce supply and will continue to be highly sought after as long as attractive financing is available.”

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About Lee & Associates

Celebrating 32 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 41 locations across the nation including California, Arizona, Georgia, Idaho, Illinois, Indiana, Michigan, Missouri, New Jersey, Nevada, Texas and Wisconsin. With a roster of more than 600 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.

Pleasant Prarie, Wis., — March  23, 2011 — Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has completed a 12-year lease for a 144,281-square-foot industrial building located at 7809 100th Street in Pleasant Prairie, Wis.

John Sharpe and Mike Prost, both principals of Lee & Associates of Illinois, LLC, represented the property’s landlord, Cobalt Industrial REIT. The REIT is managed by Cobalt Capital Partners.

The tenant, Catalyst Exhibits, was represented by Larry Much of NAI Hiffman. Catalyst Exhibits is an Illinois-based trade show exhibit management company.

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About Lee & Associates Celebrating 32 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 41 locations across the nation including California, Arizona, Georgia, Idaho, Illinois, Indiana, Michigan, Missouri, New Jersey, Nevada, Texas and Wisconsin. With a roster of more than 600 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.

Carson, CA – Lee & Associates, one of the largest national commercial real estate providers with regional expertise, has closed on the $5.86 million sale of a 78,486-square foot industrial building located at 2525 El Presidio St., in Carson, Calif., just outside Los Angeles.

Jeff Gahagan and Scott Seal of Lee & Associates-Orange represented an undisclosed buyer. Clint McMorris of Colliers International represented the seller, Charles Tsai. The property, which was built in 1990, includes 6,318 square feet of office space.

“Transactions such as these help lend proof that the Southern California industrial market is thawing,” Gahagan said. “This particular asset represents a good deal for the buyer, because it is positioned between several major freeways, plus the ports of Los Angeles and Long Beach.”

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About Lee & Associates

Celebrating 32 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 41 locations across the nation including California, Arizona, Georgia, Idaho, Illinois, Indiana, Michigan, Missouri, New Jersey, Nevada, Texas and Wisconsin. With a roster of more than 600 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.