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IRVINE, CA-Coldwell Banker Commercial REP has established a new retail investment division with the Addition of the Hanley Brown Group, formerly of Marcus & Millichap, which Coldwell Banker describes as “a market leader in the sale of $1 to $15 million.” shopping centers. The Hanley Brown Group is headed by Edward B. Hanley and Gregory S. Brown, who formerly were affiliated with Marcus & Millichap in Irvine.

Terry F. Parker, president of Coldwell Banker Commercial REP, notes that Brown and Hanley were consistently ranked among the top five brokers in the office from 1999-2004 and served as senior directors of Marcus & Millichap’s national retail group. Among the group’s transactions in the last 12 months were closings on 18 retail properties, including the $14.4 million sale of Oaktree Village Shopping Center in Mission Viejo, the $10.6 million sale of Sycamore Plaza in Lake Forest and the $9.6 million sale of Beachstone Plaza in Huntington Beach for $9.6 million. Additionally, the group co-brokered the recent sale of Moreno Valley Plaza in Moreno Valley for $28.5 million.

Coldwell Banker Commercial REP is an affiliate of Irvine-based Real Estate Partners Inc., a privately funded real estate investment and management firm that buys, repositions and manages under-performing properties.

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