Tuesday, July 14, 2009

Marcus & Millichap Sells 21 Waterfront Single-Family Lots in Englewood, FL

ENGLEWOOD, FL, July 14, 2009 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Mariner’s Landing, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.

The asset sold within sixty days at a sales price of $1,900,000.

Paul K. Bouldin, (top left photo) Senior Associate and Michael Harris Investment Specialist in Marcus & Millichap’s Tampa office had the exclusive listing to market the property on behalf of the seller, a bank/financial institution.

Cooperating brokers in the transaction included Pam Hitt, with Exit Realty and John Weiss with Michael Saunders Realty, both of Sarasota.

Mariner’s Landing is located at 1500 New Point Comfort Road in Englewood, Florida.

Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700

Starwood's Turnberry Golf Resort to Re-Open as Part of Luxury Collection

WHITE PLAINS, NY--Starwood Hotels and Resorts Worldwide, Inc. (NYSE: HOT) today announces that the historic Turnberry golf resort (top right photo) will re-open as part of the renowned Luxury Collection brand at The Open Championship 2009 following a US$65 million renovation by owner Leisurecorp, a division of Dubai World company Nakheel.

Following the $65 million refurbishment, which has focused on the iconic resort’s public spaces and 40 of its 211 luxuriously appointed guest rooms, Turnberry will proudly host the word’s oldest golf championship, on its renowned Ailsa golf course from July 16 – 19, 2009.

Redesigned by acclaimed interior design firm Fox Linton Associates, Turnberry offers guests world class cuisine, a variety of outdoor activities in addition to golf, and an award winning spa experience.
Ideally located on Scotland’s picturesque Ayrshire coast, Turnberry, a Luxury Collection Resort, is the newest addition to The Luxury Collection, a glittering ensemble of the world’s finest hotels and resorts including, The Grande Bretagne, (bottom left photo) Athens, Greece; Hotel Marqués de Riscal, Elciego, Spain; Mystique, Santorni, Greece; Hotel Danieli, Venice, Italy; The U.S. Grant, San Diego and The Joule, Dallas.

This year’s Open Championship will host the world’s leading golfers who will compete on Turnberry’s Ailsa Course, widely viewed as one of the best links courses in the world.
The historic golf resort has previously played host to the world’s oldest major golf championship in 1977, 1986 and 1994. Turnberry, a Luxury Collection Resort, boasts two 18-hole Championship courses including the Ailsa Course and the Kintyre Course. In addition, the resort has a 9-hole Arran Course and renowned Colin Montgomerie Links Golf Academy.

Hwee-Peng Yeo
Director, Corporate Communications
Starwood Asia Pacific Hotels & Resorts Ltd
9 Temasek Boulevard, Suntec City Tower 2
#24-02, Singapore 038989

Tel : +65 6335 4837; Cell : +65 9768 6087; +65 9248 0424
Fax : +65 6335 4820
http://www.starwoodhotels.com/; http://www.starwoodpressclub.com/

Marcus & Millichap Capital Corp. Names Steven Rock Senior Director of Manhattan Office

NEW YORK, NY– Marcus & Millichap Capital Corporation (MMMC) has named Steven Rock (top right photo) senior director of the firm’s Manhattan office, according to William E. Hughes, (bottom right photo) senior vice president and managing director of MMCC.

“Steve has an impressive track record of arranging commercial real estate financing on a national scale,” says Hughes. “He brings a wealth of knowledge in arranging debt and equity finance transactions for multi-family, office, retail, industrial, and hospitality properties to his new position.”

Rock brings 16 years of combined real estate and investment finance experience to the firm. Prior to joining MMCC, he was a senior vice president at the Carlton Group. Before that, Rock held a significant senior advisory role at Citigroup Private Bank, where he was responsible for managing more than $500 million in assets.

“With the capital markets currently in flux, it is more important than ever to provide clients with professional expertise and superior financial and advisory services,” explains Edward Jordan, (middle left photo) regional manager of the Manhattan office of Marcus & Millichap. “Steve has established excellent relationships with key lenders, private equity and other financial institutions in the United States and overseas.

“As a senior director at MMCC, Steve will create customized financing packages that optimize the best terms for our private and institutional investor clients, making the transaction process a more seamless one,” adds Jordan.

“MMCC’s reputation as a leader in the real estate capital lending arena, coupled with its national platform of resources, attracted me to the firm,” says Rock.

Press Contact: Kathy Molitor, Marcus & Millichap Capital Corp., (925) 953-1704

Marcus & Millichap's Long Beach, CA Office Assists Camp Ronald McDonald for Good Times

LONG BEACH, CA, July 13, 2009– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced that for the second consecutive year, the Long Beach office will raise money to send children to Camp Ronald McDonald for Good Times, according to John Rodiles, regional manager of the office.

The camp provides Los Angeles pediatric cancer patients and their siblings with free medically supervised residential camp sessions in the San Jacinto Mountains of Southern California.
“Last year we raised more than $4,000,” says Josh Cohen, (top right photo) vice president investments and a director of the firm’s National Multi Housing Group in Long Beach. Cohen encourages his co-workers to donate to the camp and matches all of their gifts.

Founded in 1982, Camp Ronald McDonald for Good Times provides year-round supportive programs to families and children impacted by cancer. The camp is offered to any child who has had cancer or a similar condition, or who has a sibling with one of these diseases, at any stage of illness or treatment, at no cost to their families.

Originally called “Camp Good Times,” the camp became “Camp Ronald McDonald for Good Times” in 1984 when McDonald's Operators’ Association of Southern California announced their support for the camp.

Cohen has been with Marcus & Millichap since 2002. He specializes in brokering the sale of multi-family investment properties in Southern California.

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

Cuhaci & Peterson Architects awarded contract to renovate Inn on The Beach in Daytona Beach

ORLANDO, Fla. - Cuhaci & Peterson Architects, LLC, the architectural firm that designs more than one million square feet of retail space annually, was recently awarded a contract to renovate the Inn on the Beach (top right photo) located on U.S. A1A in Daytona Beach.

Lonnie Peterson, chairman of Cuhaci & Peterson Architects, LLC, based in Orlando’s Baldwin Park, said Humphrey Realty Corp. awarded the contract.

Renovation work on the property should start in late summer, Peterson said.

For more information, please contact:
Lonnie Peterson, Chairman, Cuhaci & Peterson Architects, LLC, 407-661-9100
Jed Downs, President, Cuhaci & Peterson Architects, LLC, 407-661-9100
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142