Friday, March 21, 2008

Daly Gray Public Relations Celebrates 20 Years of Hospitality PR

The Daly Gray Team from left: Jerry Daly, President; Katheryn Gray, Principal; Carol McCune, Senior Vice President; Chris Daly, Vice President; Melanie Boyer, Account Executive; Julie Tullbane, Operations Manager.

Daly Gray Established Specialized Niche in “Business of Hotels”

HERNDON, VA—Daly Gray Public Relations, a communications firm specializing in the hospitality industry, today announced that it will kick off a year-long celebration to commemorate the company’s 20th anniversary. Over the next 12 months, the firm will conduct a series of activities to thank its clients.

During the past two decades, the company defined and created a new PR niche focused on the business of hotels and remains the leader in that segment.

“When we began, the industry and media focused almost exclusively on hotel operations and branding,” said Jerry Daly, president of Daly Gray. “The industry was undergoing a major crisis due to the collapse of the savings and loan industry in the early 1990s just as we were getting underway.

"As a result, the business of hotels, including ownership, development, management, finance and the key suppliers who make the industry run, became of more interest to the media. Concurrently, Wall Street was beginning to embrace the hotel industry and a number of companies went public during the 1990s, including the first hotel real estate investment trust."

We responded to these changes by developing communications programs that helped hotel companies define and articulate their corporate strategies so that they could more easily reach their business objectives,” he noted. “We played a meaningful role in bringing many of these public and private companies to the world.

"We have been involved in some 50 initial public and follow-on stock offerings, as well as announcing billions of dollars in private funds. In the past two decades, we estimate conservatively that we have been involved in more than $200 billion in transactions, including mergers, acquisitions/dispositions, and financings.”

Today, the firm estimates that it “touches” directly or indirectly about one fourth of all the hotels in the U.S. and a rapidly growing number of overseas properties. Daly Gray executives have been involved in the launch of six hotel brands and hundreds of grand openings and milestone events. The firm is a well-recognized expert on hotel and restaurant crisis communications, handling nearly 100 situations a year, ranging from fires to food-borne illnesses.

Daly Gray has represented more than 100 hotel, restaurant, casino and hospitality supplier companies and associations, and currently has approximately 50 active clients. “Over the past decade, many of our clients have been acquired or merged with other companies,” said Chris Daly, vice president. “We are fortunate to typically remain with the new company and/or help the former senior executives with the formation of new ventures. While we represent many of the largest companies in the industry, we equally relish the opportunity to help new companies become successful.”

Chris Daly noted that, because of the company’s breadth of clients, the firm “sees” the industry across the complete spectrum. “For example, we are able to tell our brand clients what owners think and counsel our management company clients about what owners want,” he said. “This allows us to give unparalleled communications counsel.”

Daly Gray was founded in December 1987 when Jerry Daly and Katheryn Gray joined together to create a firm specializing in hospitality and real estate communications. “Our first client was a diversified commercial real estate company, followed by a casino and a hotel company. We began in earnest with the hotel industry while working with the RTC to help them communicate how they were going to dispose of more than 400 hotels,” said Jerry Daly.

All of the firm’s associates have “hotel genes,” with an average of more than 10 years in the hotel industry. “It was gratifying to welcome my son Chris to the firm as a summer intern nearly 15 years ago, Jerry Daly said. "Today, he is responsible for approximately half of our business.
"Our firm has been through all phases of the hotel cycle for the past 20 years and we still learn something new every day. We call upon our in-depth understanding of the industry, but no two days or transactions are ever alike. That’s what keeps the business interesting.”

Founded in 1987, Daly Gray Public Relations is one of the nation’s leading hospitality and real estate communications consultancies. In addition, the firm has in-depth experience in some 10 other industries. Daly Gray’s hospitality account group serves some 50 companies and associations, including brands, ownership groups, management companies, conferences, suppliers and consultants.
The agency’s services include financial relations, marketing communications and product support, employee and organizational communications, crisis communications, advertising, strategic planning and community relations.

Adds Chris Daly: "The entire DG family would like to thank everyone for working with us over the years and apparently still opening our e-mails to this day. We’re certainly looking forward to the next 20."


Jerry Daly, President, 703 435 6296 or
Chris Daly, Vice President, 703 435 6293
Daly Gray Public Relations
620 Herndon Parkway, Suite 115
Herndon, VA 20170

Marcus & Millichap Names David Guido Sales Manager of Phoenix and Tucson Offices

PHOENIX, AZ– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named David Guido (top right photo) sales manager of the Phoenix and Tucson offices, according to Harvey E. Green, (top left photo) president and chief executive officer of Marcus & Millichap.

“David brings a strong, diverse background and skill set to the sales manager position,” comments David Wetta, senior vice president and managing director of Marcus & Millichap. Wetta is also the regional manager of the firm’s Phoenix and Tucson offices. “His experience with retail investment sales and other property types will be a tremendous asset to our clients and agents throughout Arizona and across the Southwest.”

Guido joined the Phoenix office in July 1999. Specializing in retail properties, he was named associate director of the firm’s National Retail Group. He was also a member of the Net Leased Properties Group. Guido earned two National Achievement Awards, the first occurring in 2004 when he was also promoted to senior associate.
He has received several internal sales awards while with the firm. Prior to joining Marcus & Millichap, Guido worked for Motorola and U.S. Surgical in sales. Guido earned a bachelor’s degree in economics from Indiana University.

Stacey Corso
Public Relations Manager
Marcus & Millichap
2999 Oak Road
Suite 210
Walnut Creek, CA 94597
Office: 925.953.1716
Mobile: 415.672.6460
Fax: 925.953.1710

CB Richard Ellis Project Management Wins Contract With TIAA-CREF on New Sweet Tomatoes Restaurant

ORLANDO, FL - CB Richard Ellis, worldwide leader in commercial real estate services, is pleased to announce a new project management agreement with TIAA-CREF to serve as the owner's representative in the construction of a new, ground-up, Sweet Tomatoes Restaurant. Upon completion, the new restaurant will stand in the existing Crossroads Shopping Center at Lake Buena Vista in Orlando, Florida.

Those responsible for this big win at CB Richard Ellis were, Dave Kreinest, Managing Director of the Project Management Division, Brit Christian, (photo at right) Director of Project Management for Florida, and Nick Boehme, (photo at left) Project Manager in Orlando. They closed the agreement by supporting TIAA-CREF in work letter negotiations, design oversight, and pre-construction planning. Nick Boehme, as their single point of contact, will oversee site modifications and construction of the 7,500 square foot building which is expected to be complete by the fourth quarter of 2008.

Nick Boehme states, "We were able to help our client take advantage of the remaining development potential in the existing shopping center. By leveraging the great relationships that CBRE has with vendors in the construction industry, we helped pass on savings in time and money to TIAA-CREF. The addition of a nationally recognized restaurant combined with the strategic location near Orlando's attractions will candidly draw in more consumers to the property."

Jessica Wilhoite

Nick Boehme

Tampa Industrial Deals Slowed but Vacancy Levels Stabilize

TAMPA, FL--Tampa’s deal velocity slowed rather abruptly in the second half of 2007, yet healthy property level fundamentals will benefit its industrial market heading into 2008, according to the most recent market overview prepared by Randy Smith,(photo at left) director of research in the Tampa office of GVA Advantis.

Net absorption of 1.8 million square feet for the year kept Tampa’s vacancy levels stabilized even with 1.5 million square feet of new deliveries for 2007. The direct vacancy rate remained below the five-percent mark for the seventh straight quarter, registering 4.4 percent at year-end. Rents nudged higher in the fourth quarter pushing the average asking rate a substantial 11.2 percent for the year.

Despite some storm clouds on the horizon, Tampa’s industrial market closed out a strong three-year run of activity which amassed 5.4 million square feet of net absorption through the end of 2007. During this cycle, starting in 2005, new industrial development increased at a moderate pace, adding 3.7 million square feet of new deliveries. This restraint in new supply allowed Tampa’s industrial inventory to achieve historic lows in vacancy which were maintained during 2007.

Portfolio activity provided a healthy boost to Tampa’s industrial sales in 2007. Despite fewer transactions than in 2006, Tampa’s annual volume increased to $216.5 million in 2007, a hefty 70 percent increase over the previous year. Based upon product type, the sales were weighted slightly toward the distribution sector, which captured 55 percent of the total dollar volume in 2007.

For a more detailed industrial market report, please contact:
Randy Smith
Director of Research
Advantis Real Estate Services Company
3000 Bayport Drive, Suite 100
Tampa, FL 33607
Tel 813.342.4725
Fax 813.372.4004

HFF Los Angeles Hires Michael Bachenheimer as Director in Debt Placement Group

LOS ANGELES, CA – HFF (Holliday Fenoglio Fowler, L.P.) has hired Michael Bachenheimer in Los Angeles as a director in the debt placement group.

Mr. Bachenheimer has more than 10 years of experience in commercial real estate investment banking and at HFF will focus on originating debt and equity transactions throughout the Western United States. Prior to joining HFF, he was an associate director in the commercial mortgage group at Bear, Stearns & Co., Inc., where he closed more than $600 million of floating and fixed-rate securitized commercial loans.

Mr. Bachenheimer was also an appraiser at Cushman & Wakefield and a consultant within the hospitality finance industry. He has a Bachelor of Arts degree from Michigan State University and is Series 7 and 63 certified.

“We are continuing to expand upon our debt placement platform with the hiring of Michael Bachenheimer,” said Scott McMullin, executive managing director in HFF Los Angeles. “Since the start of 2008, HFF Los Angeles has hired two debt producers including Mr. Bachenheimer, a self-storage investment sales producer, a retail investment sales producer as well as support staff.”


Laurie Fish McDowell
Associate Director HFF
One Post Office Square, Suite 3500
Boston, MA 02109
tel 617.338.0990
fax 617.338.2150

Scott F. McMullin
HFF Executive Managing Director
310 407 2100

Sale of Binz Building in Downtown Houston Closed by HFF

HOUSTON, TX – The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) has closed the sale of the Binz Building, (photo at right) a 119,436-square-foot office building in downtown Houston. Senior managing director Dan Miller and associate director Marty Hogan led the HFF investment sales team exclusively on behalf of the seller, RPD Catalyst. Royal Investors Group, LLC purchased the property free and clear of debt for an undisclosed amount.

The Binz Building has a 13 stories of office space that is 89% leased to tenants including MCIMetro and Grande Communication Network, and an eight-level, 457-space attached parking garage. On-site amenities include overnight shipping services, a hair salon and two restaurants. Located at 1001 Texas Avenue, the property is accessible via Interstate Highways 10 and 45 and is adjacent to the METRORail line in downtown Houston.

“The Binz Building has immediate upside potential through the lease-up of vacant space, as well as the opportunity to increase below-market, in-place rents that are almost $5 per square foot below current market rental rates,” said Miller.

Royal Investors Group, established on October 8, 1996, is a private limited liability company duly registered in the State of California. It has been engaged in the purchase and sale of properties in the Antelope Valley, including the cities of Lancaster and Palmdale, and the unincorporated areas of Los Angeles and Kern Counties, for the past 10 years.

Its primary business involves assembling large parcels of land and subdividing the properties into single-family residential home sites. Typical projects range in size from 10 to 100 acres, however, the principals and partners of Royal Investors Group have also been involved with properties as large as 1,000 acres.

In the last two years, Royal Investors Group purchased more retail centers in Texas and is interested in acquiring more office, medial and retail centers throughout the state.
Laurie Fish McDowell
Associate Director HFF
One Post Office Square, Suite 3500
Boston, MA 02109
tel 617.338.0990
fax 617.338.2150

HFF Senior Managing Director
(713) 852-3500

HFF Associate
(713) 852-3500