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A 1972 memorial honoring Granada Hills' Vietnam War dead will be a gathering spot on Nov. 11 for those who didn't want to turn their backs on men drafted into war.
Faris Lee Investments, a leading retail advisory and investment sales firm, has completed the portfolio sale of ten operating Dairy Queen Restaurants in the state of Louisiana. Faris Lee Investments bifurcated the sale of the real estate and business to maximize the proceeds for the seller. The sale of the real estate and business for all 10 locations closed simultaneously with two separate buyers at an undisclosed price.
Share this article Share this article SIGNAL HILL, Calif., May 11, 2021 /PRNewswire/ -- In one of the most complex retail transactions during COVID-19, Scott DeYoung and Jeff Conover of Faris Lee Investments completed the sale of Signal Hill Gateway in Long Beach to four different buyers for a total of $28.3 million, which is a 5.27% cap with a 5% vacancy factor. All sales closed within 75 days from beginning to end. The high-performing, triple-net urban infill community center was re-parcelized to achieve optimum pricing for the seller, Signal Hill Petroleum, which ultimately received 99.3%...