Friday, March 28, 2008

CB Richard Ellis Sells 46+ Acres Within International Corporate Park

ORLANDO, FL-- CB Richard Ellis, the world's leading commercial real estate services provider, is pleased to announce the sale of a 46+ acre tract of land within International Corporate Park (ICP), located in East Orlando and in close proximity to the new 'Medical City' featuring the Burnham Institute, (bottom right photo) UCF Medical School, (bottom left photo) VA Hospital & Nemours Children's Hospital.

International Corporate Park encompasses over 2,900 acres of fully permitted sites and 20 million square feet approved for a mixture of uses including manufacturing, light industrial, biotech, and office. David Murphy, CCIM, SIOR, MIA (top right photo) Senior Vice President and Erik W. Schwetje, CCIM (top left photo) Vice President, represented the Seller, ICP Land Partners, LLC.

About CB Richard Ellis

CB Richard Ellis Group, Inc. (NYSE:CBG), an S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services firm (in terms of 2006 revenue). With over 24,000 employees, the Company serves real estate owners, investors and occupiers through more than 300 offices worldwide (excluding affiliate and partner offices).

CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.

Please visit our Web site at


David Murphy, CCIM, SIOR, MIA

Jessica Wilhoite

Erik Schwetje, CCIM

Marcus & Millichap Facilitates Sale of Pompano Beach Warehouse

POMPANO BEACH, FL– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment brokerage firm, has announced the sale of a 16,052-square foot industrial warehouse, according to Gene A. (photo at right) Berman, Managing Director of the firm’s Fort Lauderdale office.

The six-bay warehouse, located in the heavily industrialized corridor of Dixie Highway, demanded a sales price of $1,095,000. Ryan D. Nee, (photo at right below) an investment specialist in Marcus & Millichap’s Fort Lauderdale office represented the seller of the property, George and Eva Planakis. Nee and Roland Hodges (photo at left) of Roland Hodges & Sons in Fort Lauderdale, FL represented the buyer, 1080 South Dixie, Inc.

“Continued population growth and the limited supply of industrial zoned land in Broward County will provide upward pressure on rents. The investor will realize a substantial return from raising the rents to market value,” says Nee. The property is located at 1080 S Dixie Highway in Pompano Beach, Fla. (Pompano Beach skyline photo above)

Ashley Steele
Marketing Coordinator
Marcus & Millichap
5900 N. Andrews Avenue, Suite
100Fort Lauderdale, FL 33309
Direct Tel: (954) 245-3516
Cell: (215) 828-9585
Fax: (954) 245-3410

Sheraton Washington North Offers Convenient, Front Row Seats to D.C.’s Famed Cherry Blossom Festival

Special Package at Newly Opened Property Treats Guests to Breath-taking Spring Spectacular

WASHINGTON, D.C.—Sheraton’s newest District of Columbia-area hotel, the 205-room Sheraton Washington North, (photo above) today announced a special package for visitors to the nation’s capital: star-studded access to D.C.’s famed Cherry Blossom Festival, one of spring’s most breath-taking showcases.

The comprehensive package includes free shuttle transportation to and from the Metro, free Metro passes for the 15-minute trip downtown and a commemorative cherry blossom coffee table book. The price of $169, double occupancy, also includes a full breakfast buffet for two.

The cherry blossom trees, a gift from Mayor Yukio Ozaki of Tokyo in 1912, have become a quintessential part of D.C.’s kick-off of the spring season. They attract hundreds of thousands of visitors to the two-week festival each year. The package will be available for the duration of the festival, from March 29th to April 13th.

At the Sheraton Washington North, we offer convenient and easy access to the nation’s capital at what is arguably the most beautiful time of the year,” said Michael George, (photo top right) Crescent’s president and CEO. “Because traffic can be so overwhelming, the Metro is a great alternative because it drops visitors off just a short stroll away from the cherry tree-lined walkway in the Tidal Basin. Just take the Greenbelt line to the Navy Yard Station.

“We created this special package for our guests and their families, and we invite them to share our beautiful spring with us and enjoy all of the activities of the festival. This is one of the privileges of having such a prime location,” he noted.

Located at 4095 Powder Mill Rd. at exit 29B on Interstate 95, the newly-opened Sheraton Washington North’s amenities include the brand’s new lobby concept called Link@Sheraton, which features comfortable seating, refreshments, large screen televisions, and multiple Internet-enabled workstations and free Internet access.

The hotel also offers a state-of-the-art fitness center, outdoor swimming pool and a club-level floor with a concierge lounge and upgraded in-room amenities. The Powder Mill Café offers American cuisine in a warm casual setting.

The property features 5,000 square feet of meeting space, highlighted by the Chesapeake Ballroom, a 3,600-square-foot ballroom capable of seating up to 400 people. Additionally, the Sheraton boasts a new state-of-the-art Executive Boardroom equipped with a 52” LCD monitor for presentations, which can be accessed easily through outlet ports built into the executive board table.

Additional information about the Sheraton Washington North and its special packages for guests may be found at and

About Crescent Hotels & Resorts

Headquartered in Fairfax, Va., outside of Washington, D.C., Crescent Hotels & Resorts owns, manages and co-invests in hotel real estate, and is an independent, third-party operator of hotels and resorts. Our hospitality management company currently owns or operates approximately 40 hotels and resorts aggregating more than 7,000 rooms in 19 states. The company’s portfolio encompasses properties in the resort, upper upscale full-service, boutique, convention and premium select-service segments under the premier hotel brands of Marriott, Hilton, Starwood, InterContinental, Radisson, Preferred, and Wyndham, as well as independent hotels and resorts.

Additional information about our hotel management company may be found on the Crescent Hotel & Resorts Web site


Julie Tullbane, Chris Daly, Jerry Daly
Daly Gray Public Relations
T 703-435-6293
F 703-435-6297

EastGroup Properties Announces First Quarter 2008 Conference Call And Webcast

JACKSON, MS -– EastGroup Properties (NYSE-EGP) will hold its First Quarter Conference Call and webcast on Wednesday, April 23, 2008 at 11:00 A.M. Eastern Daylight Time.

On the call, David Hoster, (right top photo) President and CEO, and Keith McKey, (left top photo) CFO, will review the first quarter results and discuss EastGroups current operations.

EastGroup plans to release first quarter 2008 earnings on April 22, 2008. The earnings release and supplemental information package will be posted on the Company's website,, on April 22, 2008.

A live broadcast of the conference call is available by dialing 1-800-862-9098 (conference ID EastGroup) or by webcast through a link on the Company's website at If you are unable to listen to the live conference call, a telephone and webcast replay will be available on Wednesday, April 23, 2008.

The telephone replay will be available until Wednesday, April 30, 2008, and can be accessed by dialing 1-800-695-0715. The replay of the webcast can be accessed through a link on the Company's website at and will be available until Wednesday, April 30, 2008.

EastGroup Properties, Inc. is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona and California. Its strategy for growth is based on its property portfolio orientation toward premier business distribution facilities clustered near major transportation features. EastGroup's portfolio currently includes 24.5 million square feet with an additional 2.2 million square feet of properties under development.

EastGroup Properties, Inc. press releases are available at
EastGroup Properties, Inc. press releases are available at

David H. Hoster II, President and Chief Executive Officer
N. Keith McKey, Chief Financial Officer
(601) 354-3555
P.O. Box 22728,
Jackson, MS 39225-2728
Telephone: 601/354-3555
Fax: 601/352-1441