Monday, November 9, 2009

Arbor Closes $500,000 Fannie Mae DUS® Small Loan for Sierra Madre Apartments in Fresno, CA

Uniondale, NY (Nov. 9, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $500,000 loan under the Fannie Mae DUS® Small Loan product line for the 18-unit property known as Sierra Madre Apartments (top left photo) in Fresno, CA.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.99 percent.
The loan was originated by Greg Gillam, Director, in Arbor’s full-service Manhattan Beach, CA lending office.

“This transaction demonstrates Arbor’s continued ability to provide the most favorable financing available for multifamily properties,” said Gillam. “Arbor was pleased to deliver on the borrower’s request for funding with a competitive rate.

Contact:  Ingrid Principe, P: 516.506.4298, F: 516.542.2555,
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Hawthorn Suites by Wyndham Debuts with New Logo and Web Site

PARSIPPANY, N.J. (Nov. 9, 2009) – A new logo, Web site and cross-sell reservations functionality have been launched to celebrate the integration of the extended-stay Hawthorn Suites by Wyndham® brand into the Wyndham Hotels and Resorts® family.

The brand’s new red and orange logo, featuring a design derived from the Wyndham crown, appears prominently at the top of the brand’s new Web site,

In addition, cross-sell functionality was introduced among Hawthorn Suites by Wyndham, Wingate by Wyndham® and Wyndham Hotels and Resorts on their Web sites, within their telephone reservations centers and on the Global Distribution Systems used by travel agents.

CONTACT: Evy Apostolatos, 973-753-6590,

Thomas P. D’Arcy Named President and CEO of Grubb & Ellis

SANTA ANA, CA (Nov. 9, 2009) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Thomas P. D’Arcy will join the company as president, chief executive officer and a member of the board of directors, effective Nov. 16.

“Tom is an experienced and respected executive in the commercial real estate industry and we are extremely pleased to have him joining our company. With the recent completion of the company’s recapitalization, we are confident that Tom will accelerate the execution of Grubb & Ellis’ growth strategy and build long-term value for stockholders,” said C. Michael Kojaian, (top right photo) chairman of the board of Grubb & Ellis Company.

 “I also want to take this opportunity to thank Gary Hunt (bottom left photo) for the time and effort he devoted to the company as interim CEO.”

D’Arcy, 49, brings 25 years of successful leadership experience at various public and private real estate companies, and is currently the non-executive chairman of Inland Real Estate Corporation (NYSE: IRC), a $1.5-billion REIT where he has served as an independent director since 2005.

 D’Arcy also previously served as chairman and chief executive officer of Bradley Real Estate, Inc., a NYSE-listed real estate investment trust, from 1989 to 2000.

Contact: Janice McDill, Phone: 312.698.6707, Email: