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Investors of All Stripes Seek Yield Outside CA

Investors’ willingness to seek comparable investment opportunities in secondary or tertiary markets across the country to meet their investment requirements grew in 2017, HIG’s Ed Hanley tells GlobeSt.com.

Hanley Investment Group completed the sale of a rare Walgreens flagship store in Honolulu, HI, for $42.25 million ($1,172 psf), one of the highest prices paid for a Walgreens store in the retailer’s history.

CORONA DEL MAR, CA—The demand for well-located single-tenant triple-net leased investments leased to credit retailers and multi-tenant retail centers with internet-resistant credit tenants will remain strong. That is according to Hanley Investment Group Real Estate Advisors, a nationally-recognized real estate brokerage and advisory firm specializing in retail property sales. The Corona Del Mar, CA-based company recently revealed that it had closed out 2017 with total sales volume in excess of $562 million, which represents more than an 18% increase in the number of transactions over the previous year.

“2017 was one of the best years ever for Hanley Investment Group,” Ed Hanley, president of Hanley Investment Group, tells GlobeSt.com. “We closed deals in 25 different states in 2017, ranging from anchored shopping centers to multi-tenant retail strip centers and single-tenant properties. We worked with publicly-traded real estate investment trusts, family trusts, partnerships and private investors.”

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Natalie Dolce

Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.

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