Wednesday, May 27, 2009

GVA Advantis Grows Orlando Office With Two Associates

ORLANDO, FL – (May 27, 2009) – GVA Advantis recently added two new brokerage associates in its Orlando office: Connie Snyder, (top right photo) Associate Director, Office Services, and Don Rudolph, (middle left photo) CCIM, Associate, Office & Industrial Services.

Both come with rich backgrounds in diverse areas of commercial real estate. Snyder recently left her position as Medical Office Specialist of RE/MAX 200 Realty’s Commercial Division having developed a successful niche in the medical office building segment, generally regarded as a somewhat recession-proof business.

Rudolph, who earned his Certified Commercial Investment Member designation in 2007 and recently served as associate of office and industrial services with NAI Realvest, brings experience in land, office and industrial services, but also tenant representation, investment and buyer brokerage services.

“Connie and Don complement our team and round out the services the Orlando office provides. Along with our steadily growing property management division, I feel like there’s nothing we can’t accomplish right now,” said Lisa Bailey,(bottom right photo) senior director of office & industrial services of GVA Advantis’ Orlando office.

At a time when many brokerage firms are not hiring or even letting representatives go, GVA Advantis’ corporate office, based in Washington, D.C., is continuing the growth plan it outlined last year when the company announced its recapitalization.

With a concentration of offices in Florida, the health and growth of the Orlando branch is central to the company’s strategy. In addition to the new brokers joining the ranks, Orlando’s leasing division has won nine new leasing assignments and the property management division has won two assignments since the beginning of the year.

“We are grateful that our company sees the need and value in adding talent at this challenging time, and we are grateful for the expertise that both Connie and Don bring to the table,” said Bailey. “The time was right to make this needed addition.”

Media Contact:
Shelli Browning, 407.999.4775,

EastGroup Properties Announces 118th Consecutive Quarterly Dividend

JACKSON, MS, May 27, 2009– EastGroup Properties (NYSE-EGP) announced today that its Board of Directors declared a quarterly dividend of $.52 per share payable on June 30, 2009 to shareholders of record of Common Stock on June 19, 2009.

This dividend is the 118th consecutive quarterly distribution to EastGroup's shareholders and represents an annualized dividend rate of $2.08 per share.

EastGroup Properties, Inc. is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona and California.

Its strategy for growth is based on its property portfolio orientation toward premier business distribution facilities clustered near major transportation features. EastGroup's portfolio currently includes 27 million square feet.

Contact: David H. Hoster II,(top right photo) President and Chief Executive Officer or N. Keith McKey, Chief Financial Officer(601) 354-3555

Arbor Commercial Mortgage Goes West with Office Expansion

National Lender Continues to Grow Market Share

UNIONDALE, NY (May 27, 2009) - On the heels of being named a top ten Fannie Mae DUS® lender for the second consecutive year, Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC and leader in the commercial real estate finance industry, has announced today an expansion into the west coast with the addition of two new California offices located in Woodland Hills and Manhattan Beach.

These two new offices will join Arbor’s existing Spokane, WA location to serve as the west coast branch of operations. Directors in these offices will report to Ken Fazio, (top right photo) VP, National Sales Manager.

“This expansion reflects Arbor’s continued growth and our commitment to provide our current and future clients with the best service possible,” said Fazio.

“We are also pleased to welcome to our team two seasoned professionals, who each bring with them 20-plus years of experience in the commercial real estate industry.”

Jon Red (top left photo) is a Director in Arbor’s Spokane, WA office. Mr. Red is responsible for originating Fannie Mae, FHA, Bridge, Mezzanine and Preferred Equity transactions throughout the northwest and western United States.

Mr. Yogesh Joshi has been appointed to Director for Arbor’s Woodland Hills, CA office. Mr. Joshi is responsible for originating Fannie Mae, FHA, Bridge, Mezzanine and Preferred Equity transactions throughout the western United States.

Mr. Joshi brings more than 21 years of experience in the mortgage banking and investment industry to Arbor. Prior to joining the Company, Mr. Joshi served as a Director for Prudential Mortgage Capital in Los Angeles, CA, where he originated over $650 million in multifamily loans under Fannie Mae, FHA and capital markets.

Mr. Greg Gilliam has been appointed to Director for Arbor’s Manhattan Beach, CA office. Mr. Gillam is responsible for all of Arbor’s loan offerings including Fannie Mae, FHA, CMBS, Bridge, Mezzanine and Preferred Equity.

Mr. Gillam brings over 20 years of combined experience in the areas of loan production, business development, underwriting and portfolio management to Arbor.
Most recently, held the position of Director at Prudential Mortgage Capital Company, where he was the Senior Business Development Manager for the Fannie Mae DUS® mortgage loan program.

Contact: Ingrid Principe,,