Friday, April 11, 2008

Cambridge Chairman Co-Authors Research Paper That Will Be Presented at Annual RERI Research Conference

CHICAGO, IL--A first attempt to establish appropriate risk premiums for alternative investments within the senior housing/healthcare industry will be spelled out for institutional investors in a research paper to be presented during the 2008 Annual Research Conference of the Real Estate Research Institute (RERI) meeting April 29 and 30 at the Hotel Marlowe (above photo) in Cambridge, MA.

Presenting the report will be Elaine Worzala, (top left photo) Professor and Director of the Center for Real Estate Development at Clemson University in Clemson, SC; Cambridge Chairman Jeffrey A. Davis (top right photo); and Judith F. Karofsky, President of Real Estate Insites, LLC of Madison, WI. The risk premiums established by the research team are based on the financial and regulatory characteristics of the alternative investments, Mr. Davis said.

He said the research examines the rapid development over the last 15 years of the senior housing market as a hybrid real estate investment incorporating the characteristics of multifamily, hotel and medical office property investments. Risk premiums for independent living, assisted living, skilled nursing homes and continuing care retirement communities are established in the report.

Mr. Davis said the specific findings of the research will include clear definitions of the alternative sub-sectors within the senior housing marketplace. The report will include an analysis of the various risks associated with investing in alternative senior housing investments, and will provide a snapshot view of current performance data on the various investment opportunities. Also included will be results of a survey of plan sponsors conducted by the Pension Real Estate Association.

Additional information on the RERI conference is available online at Phone: 860-692-6341.

About Cambridge Realty Capital Companies:

Privately owned since its founding in 1983 as a real estate investment banker specializing in commercial real estate properties, Cambridge emerged in the 1990s as one of the nation’s leading senior housing and healthcare debt and equity capital providers, closing more than 300 such transactions totaling more than $2.75 billion since then.

The company has a regional office in New York, affiliate office in Los Angeles, and correspondent relationships nationwide. The firm also has established key origination relationships and a dozen or more Internet-based strategies.

Cambridge’s award-winning Web site,, provides monthly rate updates for its debt and equity capital programs. The company also publishes the bi-monthly e-PULSE electronic newsletter, which delivers company news and feature stories via e-mail to corporate friends and clients.
For additional information, contact Cambridge at (312) 357-1601 or via e-mail at

Evan Washington
Phone: (312) 521-7603
Fax: (312) 357-1611E-

Marcus & Millichap Lists 223-Unit Apartment Community in Roseville, CA for $35.68M

ROSEVILLE, CA-– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for Venu at Galleria, (photo above) a 223-unit multi-family community in Roseville. The listing price of $35.68 million represents $160,000 per unit.

Kenneth Blomsterberg, a vice president of investments in the Sacramento office of Marcus & Millichap, and Jesse Nickerman, an investment specialist in the firm’s Sacramento office, are representing the seller, Villas at Galleria LP.

“Venu at Galleria is a recently constructed multi-family community featuring design in a highly desirable rental market with tremendous job growth and diversity in employers,” says Blomsterberg.
“With its single and multi-level floor plans ranging from 600 to more than 1,700 square feet, Venu of Galleria boasts unique floor plans with a prime location, modern design and luxury combined with the best shopping, dining and entertainment Roseville has to offer,” added Nickerman.

Located at 301 Gibson Drive, the apartment community consists of 26 two- and three-story buildings situated on approximately 12 acres within walking distance of the Galleria Mall. (top left photo) The property is near the intersection of Highway 65 and Interstate 80 and directly across from the site of the planned Placer County Convention Center and Embassy Suites Hotel.
Built in 2003, Venu at Galleria features a strong mix of studios, one-, two- and three-bedroom units with 15 distinct floor plans. Unit amenities include nine-foot ceilings, decorative ceiling fans, designer, color-coded interiors, custom wood cabinets, large pantries, Roman soaking tubs and spacious patios/balconies.(Roseville, CA Civic Center photo at right)

Gas burning fireplaces and attached garages are available in select floor plans. Community amenities include a resort-style swimming pool and spa, fitness center, lounge, business center, interactive game room/movie theater, personal concierge services and in-house spa.

Press Contact:
Stacey Corso
Communications Department
(925) 953-1716

NAI Realvest Negotiates $920,000 Sale Price for 7,800 SF Industrial Building in Sanford, FL

ORLANDO, FL --- NAI Realvest has negotiated the sale of a 7,800 square foot industrial building on a .51-acre tract at 30 Keyes Court in Sanford for $910,000.00.

NAI Realvest Principal Michael Heidrich negotiated the transaction representing the seller of the 10-year-old building, RNB Holdings, LLC of
Sanford. The buyer is Emver, LLC an Orlando investment company.

For more information, please contact:
Michael Heidrich, Principal NAI Realvest, 407-875-9989 or
Janice Paiano, Marketing Director, NAI Realvest, 407-875-9989 or
Beth Payan or Larry Vershel, LV Communications, Inc. 407-644-4142

Cousins Properties First Quarter Earnings Release and Conference Call Notice

ATLANTA (April 11, 2008) - Cousins Properties Incorporated (NYSE:CUZ) today announced that it will release first quarter earnings after the market closes on Monday, May 12, 2008.

Cousins Properties Incorporated (CUZ) invites you to attend the First Quarter 2008 Conference Call Tuesday, May 13, 2008, at 10 a.m.(Eastern Time). The number to call for this teleconference is (303) 262-2137. A14-day playback will begin at 12:00 p.m. Eastern Time on May 13, 2008.

To access the playback, please dial (303) 590-3000 and enter the passcode 11110955#. Inaddition, the replay can be accessed on the Company's Web site, through the "Q1 2008 Cousins Properties IncorporatedEarnings Conference Call" link on the Investor Relations page, as well as at and

Financial and statistical information for the teleconference and earnings presentation will be placed on the Company's Web site promptly after the earnings release. This information can be accessed through the "QuarterlyDisclosures" and "Supplemental SEC Information" links on the

Investment Community:
Elli Kaplan, Vice President, Investor Relations & Research,
404-407-1972 or

Matt Gove, Vice President,

Grubb & Ellis|Commercial Florida Negotiates 31,538 SF Industrial Lease in Port Ybor, FL

TAMPA, FL-– Grubb & EllisCommercial Florida has negotiated the long-term lease for Shaw Contract Flooring, Inc. totaling 31,538 square feet of industrial space in Tampa’s Port Ybor.

Jan Boltres, (top left photo) CCIM and Mike Scott, (top right photo) principals and vice presidents in the company’s Industrial Group, negotiated the lease of 31,538 square feet at 1802 Grant Street in Tampa, FL. Boltres and Scott represented the tenant, Shaw Contract Flooring Services, Inc., a Georgia-based firm. TC Port Ybor II, LLC., based in Tampa, FL, is the landlord.

For more information, contact:
Jan Boltres, CCIM, Grubb & EllisCommercial Florida 813-830-7889,;
Mike Scott, Grubb & EllisCommercial Florida 813-830-7888,
Larry Lietzman, Grubb & EllisCommercial Florida, 813-639-1111

About Grubb & EllisCommercial Florida
Grubb & EllisCommercial Florida is an affiliated commercial real estate services firm specializing in the leasing and sale of office, industrial, retail, land and investment properties. Currently Grubb & EllisCommercial Florida has 30 brokers divided among its Tampa, Orlando and Melbourne offices which serve the entire mid-Florida marketplace