Thursday, May 21, 2009

Cushman & Wakefield Negotiates Sale of Joint Venture Interest in Celebration Office Center III

ORLANDO, FL – May 21, 2009 – Cushman & Wakefield negotiated the sale of a joint venture
interest in Celebration Office Center III (top right photo) in Orlando, Florida.

This property will serve as the headquarters for Disney Vacation Development, part of the Parks and Resorts segment of the Walt Disney Company. The transaction closed on May 13, 2009.

The sale included interest in the three story, Class A, 100,924 square foot office building located
in Celebration Office Center III adjacent to the Walt Disney World campus.

Mr. Davis was quoted as saying, “Despite difficult market conditions, investors continue to find Central Florida an attractive market to acquire Real Estate.”

Executive Director, Mike Davis (middle left photo) (Capital Markets) and Associate Director, Rick Brugge, CCIM (bottom right photo)(Capital Markets) negotiated the sale on behalf of the seller, Duke Realty Corp.

The buyer was a joint venture between Duke and CB Richard Ellis Realty Trust.

Contact: Debbie P’Simer, 813-204-5333, debbie.p’

Hampton Inn Fort Walton Beach Receives Designation as a Green Hotel by Florida

FORT WALTON BEACH, FL,- May 21, 2009 – The Hampton Inn Fort Walton Beach (top right photo announced today that the property received green lodging designation from the Florida Department of Environmental Protection on May 4, 2009.

Florida’s Green Lodging Program certifies hotels that adopt green practices to reduce waste and conserve natural resources.

The Hampton Inn Fort Walton Beach has implemented a variety of green initiatives including water conservation measures, energy efficiency, the use of green cleansers and high efficiency air filters, recycling, and other waste reduction methods.
“We adopted these eco-friendly practices because we are committed to preserving this beautiful coastal area so guests can enjoy it for years to come,” said General Manager Rachel Joyce. “By providing a quality stay, while improving our environment, we can ensure our guests are receiving the very best our property can offer.”

The entire staff supports the hotel’s green efforts by frequently meeting to exchange tips, helping guests dispose of recyclables properly, and sharing these green initiatives with guests. Some guests have even started recycling back home.

“Our beaches are some of the most magnificent in the world,” said Director of Sales Jeniffer Ward. “We want our guests to know how much we want them here, enjoying this beautiful area, while knowing that we are taking steps to protect the environment.”

The hotel will continue to work with the Florida Department of Environmental Protection to execute additional eco-friendly practices, including a towel reuse initiative, in the months to come.

The Hampton Inn Fort Walton Beach hotel is located directly on the white-sand beach along Florida’s Emerald Coast. (bottom left photo).

The newly renovated hotel features complimentary daily hot breakfast, local calls and wireless internet access. Other amenities include an outdoor heated pool, exercise room, and waterfront recreation.

For more information about the Hampton Inn Fort Walton Beach, visit

The Hampton Inn Fort Walton Beach is owned by RLJ Lodging Fund II, L.P., an affiliate of RLJ Development, LLC (, and operated by Interstate Hotels & Resorts (, the nation’s largest independent hotel management company.

Contact: Jeniffer Ward, Director of Sales, Hampton Inn Fort Walton Beach, Phone: (850) 301-0906. Email:

Arbor Closes $1.2M Fannie Mae DUS® Small Loan for Creekside Villas in Canyon Lake, TX

UNIONDALE, NY (May 20, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,200,000 loan under the Fannie Mae DUS® Small Loan product line for the refinance of the 20-unit complex known as Creekside Villas (top left photo) in Canyon Lake, TX.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.80 percent.

The loan was originated by Jay Porterfield, (bottom right photo) Vice President, in Arbor’s full-service Plano, TX lending office.

“Creekside Villas is a new property in the greater San Antonio area,” said Porterfield.

“The property had leased up quickly and Arbor provided a loan to refinance the Borrower’s construction/mini-permanent loan.”

Contact: Ingrid Principe, F: 516.542.2555,

HFF secures $32M financing for GSA-leased office building in North Rockville, MD

WASHINGTON, D.C. – The Washington, D.C. office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has advised The JBG Companies and Buvermo Properties Inc. in securing $32 million in financing for One Choke Cherry,(top left photo) a Class A office building fully-leased to the Government Services Administration in North Rockville, Maryland.

HFF senior managing directors Bob Donhauser (middle right photo) and Bill Asbill (middle left photo) and director Cary Abod (bottom right photo) advised JBG and Buvermo on various financing options for the acquisition.

The JBG Companies are comprised of a group of related entities engaged in the acquisition and development of office, multifamily, hotel and mixed-use projects.

Since 1978, Buvermo Properties has invested in office buildings, apartments, condos, retail, hotel, industrial and mixed-use properties in metropolitan Washington, D.C.

One Choke Cherry was completed in 2004 as a “build-to-suit” headquarters for the Department of Health and Human Services’ Substance Abuse and Mental Health Services Administration through a lease with the Government Services Administration (GSA).

The 228,020-square-foot building has an on-site fitness and aerobics center, a video conferencing room and a 790-space parking garage. One Choke Cherry is located along the Interstate 270 Corridor, 12 miles northwest of downtown Washington, D.C. in Rockville, Maryland.

“One Choke Cherry benefits from its location in ‘DNA Alley’, which is known for its high concentration of contractors to the federal government and innovative biotechnology companies,” said Asbill.

HFF (NYSE: HF) operates out of 17 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, loan sales and commercial loan servicing.


Robert F. Donhauser, HFF Senior Managing Director, (202) 533 2500,

Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852 3500,