Thursday, July 3, 2008

Amdocs Inc. Renews 10,000-SF Lease in Dulles, VA

WASHINGTON, DC - (July 3, 2008) - GVA Advantis, along with GVA Williams of New York, are proud to announce that Amdocs, Inc. has signed a lease renewal for 10,000 square feet at 45365 Vintage Park Plaza (top right photo) in Dulles, VA.

Jack Regler, associate, of the Washington, DC office of GVA Advantis, and Richard Charkham, managing director, of the New York City office of GVA Williams, both members of the GVA Worldwide partnership, represented Amdocs, Inc. in the transaction.

The landlord, Lerner Enterprises, was represented by Jeffrey Diamond of Diamond Property Company.

A publicly traded company (NYSE: DOX), Amdocs, Inc. is a leader in customer service experience systems innovation. The company had a revenue of $2.84 billion in 2007, and has a workforce of more than 16,000 professionals in more than 50 countries.

GVA Worldwide is an international organization of real estate industry leaders serving key markets in 20 countries. The organization comprises more than 3,500 real estate professionals in 90 markets worldwide.
In 2006, GVA Worldwide partners collectively completed $26.5 billion in transactions and managed more than 150 million square feet of office, industrial, retail and specialized property. For more information, visit

Media Contact: Tonya,Ginter, 703.790.2127
GVA Advantis, 1747 Pennsylvania Ave. NW, Washington, DC 20006

HFF Arranges $33.34M recapitalization for Two Inland Empire Multifamily Communities

IRVINE, CA – The Orange County office of HFF (Holliday Fenoglio Fowler, L.P.) has arranged recapitalizations totaling $33.34 million for two multifamily communities in California’s Inland Empire, Sunscape Apartment Homes (top right photo) in Alta Loma and Linden Court Townhomes (top left photo) in Rialto.

Working on behalf of Lewis Operating Corp., HFF senior managing director Don Curtis (middle right photo) placed two 5.75% fixed-rate loans with a confidential agency. A $16.89 million loan was secured for Sunscape and a $16.45 million loan was arranged for Linden Court.

Sunscape Apartment Homes has 172 one- and two-bedroom units averaging 806 square feet each. Select two-bedroom units have attached one-car garages and additional garages are available for rent.

On-site amenities include a pool and spa, fitness center, playground, lounge and tennis courts.

The 97% occupied property is located at 8840 19th Street adjacent to a Von’s anchored retail center close to the 210 Freeway in Alta Loma.

Linden Court Townhomes are located at 372 South Ironwood convenient to the 10 and 210 Freeways in Rialto. The property offers 180 two- and three-bedroom townhomes averaging 1,084 square feet each. Units feature washer/dryers, private patios and direct access one- and two-car garages.

“The Inland Empire apartment market continues to maintain vacancies in the 5% range and rents have been increasing at a robust pace,” said Curtis.

The Lewis Group of Companies was founded in 1955 and has developed into the dominant player in Southern California’s Inland Empire real estate market.

HFF (NYSE: HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry.
HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing.

Donald J. Curtis, HFF Senior Managing Director, 949 253 8800,
Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990,

Wyndham Hotels and Resorts to Enter Turks and Caicos Market

PARSIPPANY, N.J. -– Wyndham Hotels and Resorts today announced it will expand its Caribbean portfolio into the Turks and Caicos Islands with the development of a luxury 251-unit oceanfront resort at Pirate's Bay on the west coast of Grand Turk Island (above photo).

The Wyndham® Cacique Royale Beach Resort (photo at left) is being developed in two phases by Prestigious Properties Ltd., the largest real estate brokerage firm in the Turks and Caicos, and will be managed by Wyndham Hotel Management Inc.

Cacique Royale is the Lucayan Indian term for Royal King, chosen for the hotel’s name as a tribute to the island’s natives. The resort’s individual buildings also will receive Lucayan names including Baqua Cottages, which translates as Sea Cottages, and Nanichi Spa, which means My Heart Spa.

Construction is under way on both Phase I and Phase II of the project. Phase I is expected to be available for occupancy during the first quarter of next year.

The resort will feature oceanfront beach cottages and suites located in 14 low-rise buildings situated throughout the resort’s Caribbean landscaping.

Deluxe studio and one bedroom suites will be offered. Amenities will include two swimming pools; tennis courts; spa and fitness center; boutique; minimarket; and a full-service restaurant and bar. Guests also will be able to book diving and water sports activities through the resort.

The resort is expected to attract diving enthusiasts eager to explore Grand Turk’s barrier reef system, the third largest in the world, as well as history buffs interested in the Turks and Caicos Islands.

“The Wyndham Cacique Royale Beach Resort will enhance the Wyndham brand’s strong position in the Caribbean, promote tourism and introduce thousands of travelers to this wonderful, unspoiled island,” said Peter Strebel, (top right photo) Wyndham Hotels and Resorts president.

“Grand Turk excels in providing beautiful beaches, a historic Caribbean lifestyle and exciting recreational activities including some of the top-rated dive destinations in the world.”

The Wyndham Cacique Royale Beach Resort will become the Wyndham brand’s 25th facility in the Caribbean and Mexico.

C. Washington Misick, (middle left photo) Prestigious Properties chairman and chief executive officer and former chief minister of the Turks and Caicos, said, “We are excited to bring such a tremendous hotel brand into the Turks and Caicos Islands in terms of its presence in the marketplace.

"The completion of this commercial venture has been a long-held dream of mine that will contribute to the economy of Grand Turk with new employment and tourism opportunities.”

Strebel credited Misick and his family for working with the island’s leaders to create a major economic asset. “This is a classic example of a successful family giving back to their community,” he said.

The Turks and Caicos Islands, an increasingly popular Carribbean destination, are located just south of the Bahamas and about 500 miles south of Miami.

For more information on Wyndham Cacique Royale Beach Resort, call (649) 946-4379 or visit
(Map of major diving locations is at left.)

Wyndham Hotels and Resorts, a subsidiary of Wyndham Worldwide Corporation (NYSE: WYN), offers upscale hotel and resort accommodations throughout the United States, Canada, United Kingdom, Mexico and the Caribbean.

All hotels are either franchised or managed by Wyndham Hotels and Resorts or an affiliate. Additional information is available at

CONTACT: Evy Apostolatos, Director, Media Relations, Wyndham Hotel Group, 1 Sylvan Way, Parsippany NJ 07054 (973) 753-6590

For more information about Wyndham Worldwide Corporation and its businesses, go to

RealtyTrac Partners With Coldwell Banker Platinum Properties to Provide Foreclosure Data and Lead Capture Solutions

IRVINE, CA– RealtyTrac™ (, the leading online marketplace for foreclosure properties, and Coldwell Banker Platinum Properties (, a leading real estate brokerage in Orange County, recently announced a new agreement and strategic partnership that will allow Coldwell Banker agents and their clients to have real-time access to RealtyTrac’s nationwide foreclosure database of default, auction and bank-owned properties.

“This is an exciting partnership between Coldwell Banker Platinum Properties and RealtyTrac,” said Rick Sharga, (middle left photo) vice president of marketing at RealtyTrac.

“Agents and brokers at Coldwell Banker Platinum Properties will have access to real-time data directly from RealtyTrac’s nationwide foreclosure database, and users of Coldwell’s website will also be able to access distressed properties, including properties in pre-foreclosure, auction or bank-owned properties. That in turn will help drive more traffic and leads to the agent websites.”

With real estate in a downturn in most markets nationwide, foreclosures continue to grow. During 2007, there were more than 2.2 million foreclosure filings — default notices, auction sale notices and bank repossessions — reported on nearly 1.3 million properties nationwide, a 75 percent increase in total filings from 2006. Foreclosure activity increased 112 percent in the first quarter of 2008, according to the RealtyTrac U.S. Foreclosure Market Report.

“We are delighted to integrate RealtyTrac’s database into the Coldwell Banker Platinum Properties’ website,” said Richard Moore, (top right photo) president and broker-owner of Coldwell Banker Platinum Properties. “We are always looking to enhance our services, and the addition of an industry-leading partner like RealtyTrac certainly meets with this goal. Both Coldwell Banker and RealtyTrac are well positioned to take advantage of the ever-changing real estate market.”

Contact: Tammy Chan, Atomic PR, 415-402-0230,

Grubb & Ellis Realty Investors Acquires 3100 River Exchange in Sandy Springs, Ga.

SANTA ANA, CA/PRNewswire/ -- Grubb & Ellis Realty Investors, LLC has acquired 3100 River Exchange, (top left photo) a 222-unit multifamily community, in the Atlanta suburb of Sandy Springs, Ga., on behalf of tenant-in-common investors.

Built in 1997 on nearly 23 acres, the approximately 227,000-square-foot property consists of nine three-story buildings and a two-story residential office and clubhouse.

3100 River Exchange offers a spacious average unit size of 1,021 square feet with walk-in closets, private balconies or sunrooms, full-size washers and dryers and fully-equipped kitchens with breakfast bars.

There are various community amenities on-site, including controlled access gates, a car care center, a swimming pool and a fitness center.

3100 River Exchange is 96 percent leased and offers 358 parking spaces and 40 single car garages.

"3100 River Exchange is an outstanding multifamily asset in an incredibly strong apartment market where we believe we can maintain a high occupancy rate," said Grubb & Ellis Realty Investors President and Chief Investment Officer Jeff Hanson.(top right photo) "This asset should provide a stable cash flow to our tenant-in-common investors."
The Sandy Springs -- Dunwoody submarket is one of the strongest apartment markets in the Atlanta -- Sandy Springs -- Marietta metropolitan statistical area. According to REIS, with an inventory of approximately 23,227 units at year end 2007, the area has one of the lowest vacancy rates in Atlanta -- 6.8 percent compared to 8.0 percent for the MSA.

(Sandy Springs skyline at right)
According to the U.S. Census Bureau, the Atlanta -- Sandy Springs -- Marietta MSA is estimated to be the ninth largest metropolitan area in the country as of July 1, 2007, with a population of approximately 5.3 million.Sandy Springs is situated in one of Atlanta's most affluent submarkets, near the central perimeter.

Within a one-mile radius of the property, the average household income is $121,538, the estimated per capita income is $48,540, and 88 percent of jobs are white collar.Grubb & Ellis Realty Investors purchased 3100 River Exchange from AMLI Residential. Financing was arranged by David Pike and Anne McNeil from Wachovia Bank, N.A.
CONTACT: Julia McCartney of Grubb & Ellis Realty Investors, LLC,+1-714-667-8252, ext. 230, Web site: