Monday, September 29, 2008

Marcus & Millichap Named One of the Top Innovators in Technology

The firm has received this honor for the third consecutive year.

ENCINO, CA, Sept. 29, 2008 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment brokerage firm, has been named one of the Top 500 innovators in technology by Informattion Week magazine.

For the third year in a row, Marcus & Millichap has received this honor from Information Week.

“Since our company was founded in 1971, we have been a pioneer in real estate technology, and each year we make a concerted effort to deliver new and groundbreaking use of technology in our business,” explains Harvey E. Green, (top right photo) president and chief executive officer of Marcus & Millichap.

“This recognition honor by Information Week is a reflection of the company’s commitment to providing our agents and clients with the cutting-edge technology they need to achieve superior results for our clientsmarket and close transactions.

" Two of our groundbreaking innovations include MNet, a proprietary database of property listings that allows our agents to match properties and buyers nationwide; and Marketplace, which automates the distribution of professional-quality marketing materials for individual listings on behalf of our clients.”

Marcus & Millichap recently launched Reach, a program that allows agents to manage and track their e-mail correspondence (Can we describe this better or more clearer? It sounds very basic that Reach tracks email correspondence); and Liaison, a secure collaboration site that allows clients and agents to share detailed transaction information about specific properties, according to Richard H. Peltz, (middle left photo) senior vice president and chief information officer of Marcus & Millichap.

"Our Information Services group makes continuous improvements to our firm’s technology platform,” explains Peltz. “We recently upgraded our Marketplace platform by creating new and improved templates for our agents, which improves the efficiency of delivering professional-quality marketing materials to our clients.”

The Information Week 500 awards are given to firms with innovations that improved services for both clients and employees. Marcus & Millichap placed in the ttop 5 percentile, which is an honor considering that the magazine received more than 6,500 applications from blue chip companies from all over the world.
“We are proud to receive this recognition from Information Week and are looking ahead to continually improve our technology platform,” says Peltz.

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

Hispanic Hotel Owners Association to Host “Battle of the Brands”

WASHINGTON, D.C., September 29, 2008—The Hispanic Hotel Owners Association (HHOA), a rapidly growing non-profit organization that seeks to increase Latino ownership of hotels, today announced that the opening event at the group’s first Hispanic Hotel, Development and Investment Conference is designed to permanently alter the concept of hotel conferences.

On Wednesday, October 8, four hotel mega-brands—InterContinental Hotels Group (IHG), Wyndham Hotels and Resorts, Hilton Hotels Corporation and ACCOR—will square off against each other in a winner-take-all “Battle of the Brands” event.

“Just like China raised the bar with the opening event at the Olympics this year, we wanted to set a new standard for hotel conferences with our opening event,” said Angela Gonzalez-Rowe, (top left photo) founder and president of the Hispanic Hotel Owners Association. “To our knowledge, nothing like this has ever happened at a gathering of hoteliers.

The participation of IHG, Wyndham, Hilton and ACCOR in such a fun event sets the stage for a strong educational and deal-making event.”

Each of the four brand groups will set up an exclusive, highly themed cocktail reception area to entertain members of Latino hotel ownership, development and management groups headquartered in South America, the United States, Central America and Mexico.

Given the extremely competitive natures of the companies involved, each competing brand is guarding their theme with the utmost secrecy. Formatted after the popular “Battle of the Bands” competition, attendees will vote for the best reception area.

“HHOA's Battle of the Brands challenge has our creative juices flowing," said Floyd Pitts, (middle left photo) Senior Director of Diversity Programs for the Hilton Hotels Corporation.
"Our team has worked feverishly to bring to life a theme that is sure to WOW attendees. It was inspired by our flagship brand - Hilton Hotels, consistent with what that Brand strives to deliver to every one of their guests: inspiration, relaxation, fun and excellence -- as with the guest experience delivered by that Brand, our theme will touch the mind, body and soul."

In keeping with the competitive theme, a boxing ring, complete with “card girl,” and announcer will be set in the center of the room. The announcer will periodically highlight the various aspects of each reception area offering and the four hotel companies and seek participant response.

“With over 7000 ports of call, we're cruising right by the competition,” said Nancy Poor, (top right photo) Senior Vice President for Wyndham Worldwide. “Come visit the Wyndham Hotel Group lounge!”

Additional information about HHOA is available at the association’s Web site,

To learn more about the first Hispanic Hotel, Development and Investment Conference, contact Angela Gonzalez-Rowe at 202-587-5707, or

Contact: Jerry Daly, Chris Daly, Daly Gray Public Relations, (703) 435-6293,

Monmouth Real Estate Investment Corp. Announces New Acquisition

FREEHOLD, N.J. /PRNewswire-FirstCall/ -- Monmouth Real Estate Investment Corporation (NASDAQ:MNRTA) has announced the acquisition of a 110,638 square foot industrial building located at 950 Bennett Road, (top right map) Orlando, Orange County, Florida, at a purchase price of approximately $8,300,000 from FE Orlando Investment Limited Partnership, a Delaware limited partnership.

The property is leased to Federal Express Corporation through November 30, 2017.

This property is the replacement property in a 1031 exchange transaction in which an industrial property in Franklin, MA, sold by the company in June 2008, serves as the relinquished property.

According to Eugene W. Landy, President, "This acquisition brings the total square footage in the Monmouth Real Estate portfolio to approximately six million square feet. Our business plan of owning high quality industrial properties, secured by long-term leases to investment grade tenants, coupled with our strong balance sheet, provides us with stability and visibility, and therefore will allow us to perform well in these turbulent times."

Monmouth Real Estate Investment Corporation, which was organized in 1968, is a publicly-owned real estate investment trust specializing in net-leased industrial properties. The Company's equity portfolio now consists of fifty-seven industrial properties and one shopping center located in twenty-five states. In addition, the Company owns a portfolio of REIT securities. Source: Monmouth Real Estate Investment Corporation

CONTACT: Rosemarie Faccone or Susan Jordan, +1-732-577-9996, both of Monmouth Real Estate Investment Corp.

Arbor Closes $1.35M Fannie Mae DUS® Loan on Lindy’s Landing Apartments in Austin, TX

UNIONDALE, NY, Sept. 29, 2008 – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,350,000 loan under the Fannie Mae DUS® product line to refinance the 52-unit complex known as Lindy’s Landing Apartments in Austin, TX.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.38 percent.
The loan was originated by Ronen Abergel, Director, in Arbor’s full-service New York, NY lending office.

“The borrower locked in long term fixed-rate financing to complement her retirement plan,” said Abergel. “She was quite pleased with the terms of the loan.”

Contact: Ingrid Principe, Tel: (516) 506-4298,