Press Releases

Longtime Phoenix-based property management and commercial real estate investment firm, Hannay Realty Advisors, has opened an office in Colorado to expand presence.

Phoenix-based Hannay Realty Advisors, has announced that they have hired experienced Denver-based commercial real estate executive Bruce Backstrom as Senior Vice President and manager of the Company’s Colorado office, which is located at 4582 S. Ulster Street, Suite 625, Denver, Colorado, 80237. Backstrom will be involved in establishing a larger presence for Hannay Realty Advisors [...]

Phoenix-based Hannay Realty Advisors, has been appointed by the El Paso County District Court as the Receiver for Market Center, a 243,125 square foot Shopping Center in Colorado Springs, Colorado. Helios AMC, the special servicer of this CMBS loan, requested Hannay’s appointment as Receiver.  The El Paso County District Court assigned the receivership duties to [...]

Phoenix-based Hannay Investment Properties, has been appointed by the Maricopa County Superior Court as the Receiver for Raintree Corporate Center North, a 300,000 square foot Class A office project located at 15111 and 15333 N. Pima Road, in Scottsdale, Arizona. The property’s owner, RCC North, LLC, has been in bankruptcy since April, 2010, and with [...]

Phoenix-based Hannay Investment Properties, has completed the sale of Four Gateway in Phoenix, Arizona while acting as the court appointed receiver. Hannay, as court appointed receiver, conducted the sale of Four Gateway in Phoenix, Arizona to LBA Realty. Four Gateway is a 137,000 square foot Class A office building is located at 444 N. 44th [...]

Phoenix-based Hannay Investment Properties, recently surpassed $500 million in defaulted loans handled through receivership. This milestone was accomplished in the last two years. During this time, lenders and special servicers have been inundated with defaults on loans secured by commercial real estate and have frequently requested that independent court receivers be appointed to take over [...]

Phoenix-based Hannay Investment Properties, just announced that they have expanded into Colorado. This growth comes on the heels of the company’s recent foray into the Nevada market. Appointed by the Jefferson County, Colorado District Court, Hannay will be the Receiver for the 300,000 square-foot Towne Center at Brookhill project in Westminster, a suburb located just [...]

Phoenix-based Hannay Investment Properties, recently completed the sale of Ridgeview Plaza in Mesa, Arizona while acting as the court appointed receiver. The transaction involved both a borrower bankruptcy as well as a major tenant bankruptcy. Hannay, as court appointed receiver, ushered the sale of Ridgeview Plaza in Mesa, Arizona to Calgary-based MDC Property Services Ltd. [...]

Phoenix-based Hannay Investment Properties, just announced that they have opened an office in Las Vegas. The Company continues to see an increase in its’ receivership and property management business, and recognized the myriad of opportunities that the Las Vegas market presented. In addition to Arizona, California, and Nevada, Hannay is also looking at expanding into [...]

Phoenix-based Hannay Investment Properties, recently took over the operation of three mini-storage properties in Arizona, one as the court-appointed receiver and two for the lender. On December 14, 2010 the Maricopa County Superior Court appointed Hannay Investment Properties as the Receiver for the Arizona Self Storage located at 5053 N. 59th Avenue in Glendale, Arizona.  [...]