Wednesday, April 8, 2009

Arbor Closes $638,600 Fannie Mae DUS® Small Loan for Sleepy Hollow Apartments in Sleepy Hollow, NY

Uniondale, NY (April 8, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $638,600 loan under the Fannie Mae DUS® Small Loan product line to refinance the 8-unit complex known as Sleepy Hollow in Sleepy Hollow, NY.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.36 percent.

The loan was originated by Dan Gaylord, Director, in Arbor’s full-service Austin, TX lending office. “The sponsor initially purchased the property as an under-performing asset,” said Gaylord. “After successfully repositioning the property, we cashed him out so that he could enjoy a long-term fixed-rate note.”

Contact: Ingrid Principe, P: 516.506.4298. F: 516.542.2555,

Cushman & Wakefield Closes Two Leases in Orlando, FL

Kell-Sibley Enterprises Relocates to University Center

ORLANDO, FL – April 8, 2009–Cushman & Wakefield of Florida, Inc. (C&W) announced the lease of 2,400 sf in the Cragg Building at University Center in Orlando for the relocation of Kell-Sibley Enterprises.
Office Brokerage Associate Douglas Eber (top right photo) negotiated the 5-year lease for the tenant.

Kell-Sibley Enterprises is a training and management consultancy for governmental and private business clients.

May Mei Garden Renews Lease at Shoppes of Hunt Club

ORLANDO, FL–Cushman & Wakefield of Florida, Inc. (C&W) announced the renewal of 1,386 sf in the Shoppes of Hunt Club for May Mei Garden restaurant. Retail Brokerage Associate Mindy Boehm negotiated the lease, representing the landlord in the transaction.

Contact: Brook Hines, 407-541-4401,

Florida Senior Housing Property Sells for $10.2M

TAMPA, FL--CLW Health Care Services Group is pleased to have represented a privately-owned partnership in the $10.2 million sale of The Veranda, (top right photo) a 114-unit Senior Housing property located in Pensacola, Florida.

The property features:

• 94 Independent Living units; 20 Assisted Living units
• Built in 2004 (portion converted to Assisted Living in 2007)
• Three-story, 143,640± square foot building
• 6.44± acres
• Purchase price of $89,474 per unit
• 61% occupancy at time of closing
Contact: Allen McMurtry, 813.349.8349,

The Dow Hotel Company Names Donna Rios General Manager of Hilton Bellevue

Washington State GM of the Year Adds Bench Strength to Company

SEATTLE, WA—Officials of The Dow Hotel Company, LLC, a hotel ownership investment and management company, today announced that Donna Rios (top right photo) has joined the company as general manager of the 353-room Hilton Bellevue (middle left photo) in Washington.

She will report directly to Michael Pitstick, (top left photo) regional vice president of operations, as she oversees the property’s day-to-day operations.

“Donna has an enviable track record in the greater Seattle market and has consistently outperformed her competitive set in guest satisfaction and revenues,” said Murray L. Dow II, (middle right photo) The Dow Hotel Company president.

“She brings additional depth and expertise to our hotel operating team. We continue to look for and hire top talent to not only successfully negotiate to
day’s economic environment but prepare for the inevitable turn around ahead.”

Prior to joining the Hilton Bellevue, Rios was the general manager of the very successful Embassy Suites Hotel in Tukwila, Wash.
Previously, she was general manager of the Embassy Suites Hotel, in Santa Clara, Calif. She was named the 2008 general manager of the year by the Washington State Hotel Lodging Association and won the Embassy brand’s Highest Internal Controls Score for Centrally Managed Hotels in 2008.

Located at 300 112th Avenue SE, in Bellevue, Wash., the AAA Three Diamond Award-winning Hilton Bellevue is just off I-405, in Seattle's upscale, eastside business district.

The hotel is within easy access to downtown Seattle, Pike Place Market, the Space Needle, (bottom right photo) and the Seattle Tacoma International Airport (SeaTac).

Each room offers flat-screen high definition televisions, high-speed wireless internet access, and Serenity Collection by Serta, Hilton’s exclusive bedding package.

The property features more than 60,000 square feet of flexible meeting space, a fitness center, pool, and three onsite eating and drinking options, Basil’s Bar, Tully’s Coffee and Basil’s Kitchen.

“The property’s accessibility to the airport and downtown Seattle make it an ideal location for both leisure and business travelers,” Rios said.

“As a further attraction for our business guests, we recently added the new Hilton Meetings package. Our fitness center has the latest, top-of-the-line Precor aerobic and muscle-building equipment. The Skyview Room, specially designed for business banquets and wedding receptions, accommodates groups of up to 325 people.”

Seattle-based The Dow Hotel Company is a hotel owner/investor and operator of first-class, full-service hotels with properties throughout the United States.

DHC is currently completing renovations at its Houston and Portland properties totaling more than $15 million.

The company’s portfolio of owned and managed properties consists of institutional-grade hotels, under such brands as Marriott, Hilton, Embassy Suites, Sheraton, and Crowne Plaza.

The company aggressively seeks to acquire, co-invest with joint venture partners and/or manage mid- to large-size, first-class, full-service hotels, especially those with extensive food and beverage capabilities.

Contact: Chris Daly, (703) 435-6293,