News Archive

July 2010 - Execution of New 12 Year Lease, Turlock, CA

Hall Equities Group is pleased to announce that is has executed a new lease with In-Shape Fitness for approximately 25,000 square feet at its 1,000,000+ square foot Monte Vista Crossings retail & hospitality project. In-Shape Fitness, headquartered in Stockton, CA, operates 40 total health and fitness centers in Central California, and is the dominant fitness club operator in the region. In-Shape Fitness will back-fill the dark former Circuit City space located adjacent Kohl's Department Store. With this lease commitment, Monte Vista Crossings returns to 100% leased status.

June 2010 - Sale of 1111 Civic, Walnut Creek, CA

Hall Equities Group is pleased to announce it has sold its interest in 1111 Civic Drive, a three story 75,000 sq. ft. office building located in downtown Walnut Creek, California, to Mechanics Bank. Mechanics Bank is a 105 year old $3 billion family owned independent bank headquartered in Richmond California. Mechanics Bank will be relocating many of its operating units from several different locations in the East Bay into the prominent building located at the corner of Civic Drive and Ygnacio Valley Road.

Hall Equities Group will be retained by Mechanics Bank to provide asset management services and assist the Bank in orchestrating extensive remodeling of the building. As part of the transaction, Mechanics Bank will also be acquiring a lease/option from an affiliate of Hall Equities Group, for the adjacent 1101 Civic Drive property containing a 5,000 sq ft building previously occupied by Stewart Title Company. A Hall Equities Group entity acquired the building in February of this year, by way of purchasing a defaulted mortgage note collateralized by the property from a consortium of banks. Hall Equities Group took title to its interest in the building by way of foreclosing on the asset shortly thereafter.

May 2010 - Final Approval Secured on Shelton Hills Interchange Reconfiguration Project, Shelton, WA

Hall Equities Group is pleased to announce that is has received final concept plan approval from the Washington State Department of Transportation, in the form of an executed Interchange Justification Report ("IJR"), for the expansion and reconfiguration of the Wallace-Kneeland/State Route 101 Interchange in Shelton, Washington. This document sets forth final road geometry and a plan for infrastructure improvements, which will allow the company's 800 acre Shelton Hills Project to move forward with its project application in the City of Shelton. The Shelton Hills Project is expected to consist of: a 50 acre regional shopping center consisting of over 500,000 square feet of retail, hospitality, and service commercial and professional offices; a 90 acre business park; over 1,100 residential units; and a 350 acre city park and trail network.

March 2010 - Acquisition of 1111 Civic, Walnut Creek, CA

Hall Equities Group is pleased to announce it has acquired a defaulted real estate mortgage collateralized by a 75,000 square foot office building on 3.75 acres at Civic Dr. and Ygnacio Valley Rd. Known as 1111 Civic, Hall Equities Group foreclosed the loan and secured title to the asset shortly after acquiring the note.

February 2010 - Execution of New 20 Year Lease at Batch Plant, Walnut Creek, CA

Hall Equities Group is pleased to announce it has executed a new 20 year lease with 24 Hour Fitness for a 44,000 square foot facility to be built at our "Batch Plant" site in North Walnut Creek.

December 2009 - Commencement of Construction of Centre Place, Walnut Creek, CA

Hall Equities Group is pleased to announce it has broken ground on its Centre Place Project, located at the prominent corner of Olympic Blvd. and California Blvd. in downtown Walnut Creek. Consisting of two buildings totaling 17,650 square feet, this Class "A" complex is 92% pre-leased to Charles Schwab, The Habit Burger, and Yogurtland. Centre Place is the first phase of a larger planned project, which will include land the company owns stretching the full block from Olympic Blvd. to Botelho Drive. Rents at Centre Place range from $50.00 to $75.00 per square foot per annum.

September 2009 - Acquisition of Laguna Village Shopping Center, Sacramento, CA

Hall Equities Group is pleased to announce that it has acquired the 120,000 square foot Laguna Village Shopping Center located in Sacramento, CA, from a partnership of Kimco Realty and Prudential Real Estate Investors. This eleven year old property is anchored by Regal Cinemas and 24 Hour Fitness, and features some 1,100 parking stalls. This property was acquired for cash flow objectives.

June 2009 - Execution of New 15 Year Lease at Centre Place, Walnut Creek, CA

Hall Equities Group is pleased to announce it has executed a new 15 year lease with The Charles Schwab Company for a 13,150 square foot building to be constructed on Hall Equities Group owned property at California & Olympic Boulevards in downtown Walnut Creek. This will be a high end "flag ship" marketing center for Charles Schwab. Construction will be of steel frame class "A" quality, and the project will feature "green" improvements including a "living roof" extension of the adjacent Alma Park directly over the parking loggia. A new public plaza will be constructed at the intersection corner providing greatly improved access to the adjacent Alma Park.

April 2009 - Sale of the 2401 Shadelands Drive Building in Walnut Creek, CA

Hall Equities Group is pleased to announce it has completed the sale of the 2401 Shadelands Drive Building located in the Shadelands Business Park in Walnut Creek. The 80,000 square foot Medical Office Complex was purchased by Children's Hospital of Oakland. Children's Hospital of Oakland was the anchor tenant in the facility and recently signed a new long-term lease.

April 2009 - Sale of 1870 Olympic Boulevard, Walnut Creek, CA

Hall Equities Group is pleased to announce it has successfully completed the sale of 1870 Olympic Boulevard in Walnut Creek to the Contra Costa Association of Realtors, as their new permanent headquarters. CCAR is currently renovating the property in anticipation of occupying the space in early 2010. Hall Equities Group retains management responsibility for the property.

April 2009 - Acquisition of 1510 Geary Road, Walnut Creek, CA

Hall Equities Group is pleased to announce that it has acquired 1510 Geary Rd. in Walnut Creek. This 2.87 acre property, sometimes referred to as the "old co-op" property, contains a 30,000 square foot former grocery store that has been boarded up for over 32 years. This notorious property has blighted the community for decades, and we look forward to redeveloping the property and placing it back into productive use.

February 2009 - Completion of Second Hotel Project, Turlock, CA

Hall Equities Group is pleased to announce completion of construction of its new Marriot Fairfield Inn & Suites in Turlock, CA. The hotel features 81 stunning guest rooms and suites featuring Marriott's contemporary "Green Tea" interior design with vibrant colors, crisp linens, and premium mattresses. The hotel is located within Monte Vista Crossings and features a pool, spa & fitness center, complimentary breakfast and complimentary high speed internet. This hotel joins the company's existing Holiday Inn Express & Suites along with more than 70 retail tenants in the 147 acre 1,000,000+ square foot Monte Vista Crossings Retail-Commercial Center. Visit www.marriott.com/hotels/travel/modtl-fairfield-inn-and-suites-turlock/ for more information.