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IRVINE, CA—With historically low interest rates and risingvalues, private and institutional capital are competing for qualityretail assets. Hanley Investment Group has closed20 deals within the last 30 days, totaling $150 million.
“We anticipate the demand to acquire well-locatedgrocery/drug-anchored shopping centers, single-tenant credit retailand high-profile retail properties in established commercialbusiness districts will continue to increase through 2014 as supplytightens and the debt market remains active,” EdwardHanley president of Irvine-based HIG, tells GlobeSt.comexclusively.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
