PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Monaghan Communications

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Lucescu Realty Announces $500 Million in Retail Property Transactions & New Office in Las Vegas - Lucescu Realty has closed, or currently has in escrow, approximately $500 million in retail property transactions and has opened a new office in Las Vegas to better serve its clients - LucescuRealty.com
Lucescu Realty Announces $500 Million in Retail Property Transactions & New Office in Las Vegas

 

NewswireToday - /newswire/ - Newport Beach, CA, United States, 2011/05/18 - Lucescu Realty has closed, or currently has in escrow, approximately $500 million in retail property transactions and has opened a new office in Las Vegas to better serve its clients - LucescuRealty.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Real Estate/Property Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Mark Lucescu, President of Lucescu Realty, one of the most active real estate investment brokerage firms in the U.S., announced today that the firm has closed, or currently has in escrow, approximately $500 million in retail property transactions and has opened a new office in Las Vegas to better serve its clients. Lucescu Realty most recently represented separate sellers, and procured the buyers, in the sale of Park West Place, a 757,000 sq. ft. power center in Stockton, Calif., which was acquired for $92.5 million; and Gilroy Crossing, a 474,000 sq. ft. power center in Gilroy, Calif., which was acquired for $68.5 million.

According to Lucescu in discussing the latest retail market trends,"We expect core and core plus offerings to continue to garner the greatest demand due to the dearth of available inventory and the surplus of capital pursuing these types of offerings. Class B and C retail properties will continue to experience declining lease rates due to increasing vacancies and increasing competition from Class A centers as tenants trade up to higher quality locations with similar lease rates."

Lucescu Realty's new Las Vegas office will be located in the Howard Hughes Center at 3960 Howard Hughes Parkway, Suite 500, and will be headed by industry veteran Frank J. Marretti, III as it Managing Director. Marretti has been involved in real estate throughout Nevada and its surrounding states for more than two decades and is considered by many to be one the foremost experts in the Las Vegas Valley having brokered and developed projects totaling in excess of $1 billion in market value.

"Opening a Las Vegas office, the first office outside of the company’s Newport Beach, Calif., headquarters, has been a long planned goal for our firm," said Lucescu. "We’ve had the good fortune over the years to represent many of the premier real estate firms in Las Vegas including The Molasky Companies, American Nevada, Laurich Properties, Regency Centers and many others on some of the most noteworthy retail and office assets throughout the Las Vegas Valley. Having Frank Marretti as part of our office will further our continued success in the Valley and position us for continued growth throughout the Southwestern U.S., with plans to open an office in Phoenix this summer."

Last year, Lucescu Realty was recognized as one of the most active brokerage firms in the U.S. in the sale of shopping centers valued in excess of $25 million including being the third most active in California transactions and the sixth most active in U.S. transactions.

Prior to joining Lucescu Realty, Marretti founded Cielo Properties, Inc., a Las Vegas based development, brokerage, and construction company focused on the development of retail properties, shopping centers, office buildings and custom homes, with projects in Nevada, Utah, Arizona and California. Previous to Cielo Properties, Marretti was the top broker with Marcus & Millichap’s Las Vegas office and headed Colliers International’s Investment Services Group in Las Vegas. Marretti is a resident of Las Vegas and lives with his wife and two children.

Lucescu Realty (lucescurealty.com) is a market leading investment real estate services firm that uniquely combines major capital markets expertise with a complete and thorough understanding of real estate fundamentals to execute a wide range of services on behalf of its clients. Lucescu Realty specializes in individual property and portfolio transactions, on behalf of public and private companies worldwide, involving neighborhood, community, power, and lifestyle centers, regional malls, and suburban and central business district office buildings. The hallmark of Lucescu Realty is its ability to maximize value through its exclusive focus on sale transactions, access to the full spectrum of both public and private investors, intimate local market knowledge through its in-house group of market analysts, tailored marketing strategies, and depth of capital market experience.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Real Estate/Property Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Monaghan Communications

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Real Estate/Property Management articles,
CATCH Visitors via Your Competitors Announcements!


Lucescu Realty Announces $500 Million in Retail Property Transactions & New Office in Las Vegas

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Anne Monaghan - MonaghanPR.com 
949.706.7772 anne[.]monaghanpr.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Monaghan Communications securities in any jurisdiction including any other companies listed or named in this release.

Real Estate/Property Management via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Monaghan Communications / Company Profile


Read Real Estate/Property Management Most Recent Related Newswires:

Ede Costa Team Joins Berkshire Hathaway HomeServices California Properties
Berkshire Hathaway HomeServices California Properties Opens New Office in Brea
Berkshire Hathaway HomeServices Nevada Properties Opens New Southwest Las Vegas Office
Berkshire Hathaway HomeServices Nevada Properties Appoints New Las Vegas Branch Manager
Homenova, Inc. Launches A Website for Private Home Sales
Real Estate Executives Appointed to GLVAR Board in Nevada
Westcorp CFO Named Top Tech Exec in Nevada
Berkshire Hathaway HomeServices Arizona Names New Manager
Berkshire Hathaway HomeServices California Properties Names Larry Tait Yorba Linda Branch Manager
Progressive Realtors Launches New Website to Connect Home Buyers & Sellers
Americana Holdings Forms Alliance with ListHub Global in Three States
Manhattan Boutique Real Estate Joins South China’s Leading Luxury Property Show
17th Annual Kansas City Pagan Pride Day - Harvest Festival and Craft Faire on September 13th
Celebrity Staging Expert Announces Ask The Stagers Platform
Berkshire Hathaway HomeServices Arizona Properties Welcomes Hamlet Terry Team

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  Triggr & Bloom





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)