Monday, December 21, 2009

Marcus & Millichap Names Michael Hoffman Regional Manager of Denver and Fort Collins Offices

DENVER,  CO, Dec., 21, 2009– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named Michael Hoffman (top right photo)  regional manager of the firm’s Denver and Fort Collins offices, according to Harvey E. Green, (bottom left photo)  president and chief executive officer. Hoffman is also a first vice president of the firm.

“Michael has been regional manager of the Houston office and has managed the Austin and San Antonio offices. He will now manage the Denver and Fort Collins offices,” says Green.

 “His extensive management experience and highly successful track record as an investment specialist make him an invaluable resource to our clients and agents in Colorado and throughout the western region of the United States.”

Hoffman began his career with the firm’s Newport Beach office in 1992 as an associate focusing on the multifamily market. As an agent, he received numerous distinctions for sales achievements. In 2001, Hoffman was named sales manager in the Ontario office, where he managed and trained the office’s sales force.

 He was promoted to vice president in April 2004 and first vice president in April 2008. Hoffman has extensive knowledge of the Texas markets, having served as regional manager of the Austin, San Antonio and Houston offices. Most recently, he was the regional manager of the Houston office.

Hoffman received his bachelor’s degree in real estate finance from the University of Arkansas.

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

Four Palace Resorts in Mexico Join Wyndham Hotels and Resorts

PARSIPPANY, N.J. (Dec. 21, 2009) – Wyndham Hotels and Resorts and Palace Resorts today announced that four upscale Palace Resorts properties in Mexico will join the Wyndham® brand: Beach Palace®, Cancun (top right photo); Isla Mujeres Palace® (top left photo), Isla Mujeres; and Playacar Palace® (bottom right photo) and Xpu-Ha Palace® (bottom left photo) , both in Riviera Maya.

Xpu-Ha Palace will be rebranded as a Wyndham Resort while Beach Palace, Isla Mujeres Palace and Playacar Palace will gain the Wyndham Grand Resort designation. All will continue to be owned and operated by Palace Resorts.

Jeff Wagoner, (bottom left photo) Wyndham Hotels and Resorts president, said the franchise agreements will expand Wyndham brand distribution in Latin America, creating a total presence of 26 Wyndham properties in Mexico and the Caribbean.

“The marriage of our global brand and distribution system with the outstanding Palace Resorts brand and these four all-inclusive properties in Mexico will be mutually beneficial for both companies and our guests,” he said. “We take pride in welcoming these resorts, known for their exceptional service and luxurious all-inclusive amenities, to the Wyndham family.”

Roberto Chapur, Palace Resorts president, said the affiliation with the Wyndham brand will provide a global distribution platform to drive bookings in the growing leisure, bridal and meeting travel segments.

“For the last 25 years, Palace Resorts has been redefining all-inclusive resort vacations by offering continually refreshed five-star service and amenities that exceed the traditional definition of all-inclusive,” he said.

“By affiliating these four Palace Resorts properties with the Wyndham brand, we will gain exposure to a significant new audience of potential clients through the Wyndham system’s multiple distribution channels.”

The four oceanfront hotels offer luxury accommodations with fine furnishings, signature in-room double Jacuzzi® whirlpool baths, Biosilk bath amenities, bathrobes and slippers, satellite television, minibars with liquor dispensers and unlimited beverages, premium coffeemakers and turndown service.

Each Palace Resorts property features unlimited fine dining and top-shelf beverages at a wide variety of international a la carte or buffet restaurants, 24-hour room service, nonmotorized water sports, live nightly entertainment shows, wireless Internet service throughout the resort, unlimited telephone calls to the United States, Canada and Mexico and unlimited tours to selected local cultural sites.

 Guests also have access to the facilities and amenities at all other Palace Resorts properties, including signature spas and championship golf courses.

All Palace Resorts hotels feature indoor and outdoor meeting and event facilities for groups of any size at an all-inclusive price. “We enable meeting planners to pay one set price up front, with no hidden fees, so they don’t have to worry about going over budget,” Chapur said. “Our professional group coordinators fine tune all details for all events, from corporate functions in grand ballrooms to intimate beachside weddings.”

The four resorts soon will join the Wyndham Rewards® program, the world’s largest lodging loyalty program based on the more than 6,000 participating hotels, and offer the brand’s Wyndham ByRequest® personalized benefits.

Wyndham Rewards® points can be redeemed for complimentary hotel stays, airline tickets, name-brand merchandise and dining and shopping gift cards, among other options.

In lieu of points, members may elect to earn airline or rail miles with a variety of partners. More information is available at

Recently, the Wyndham Rewards® program added Mexico’s leading air carrier, AeroMexico, as an earning and redemption partner. As part of a special promotion celebrating the program’s expansion, guests who stay at a participating Wyndham Hotel Group hotel, including the recently added Palace Resorts properties, will earn double airline miles with AeroMexico for stays completed before March 31, 2010. Full details are available at

Beach Palace, Wyndham Grand Resort

Beach Palace, Wyndham Grand Resort, in the heart of the Cancun hotel and entertainment zone, fuses the moods of the laid-back Caribbean culture with lively Cancun. The resort has an energized yet relaxed atmosphere that caters to the needs of all age groups.

All 287 signature Palace Resorts guest rooms feature spacious accommodations including deluxe lounge chairs on oversized balconies, the perfect spot to watch the sunrise or sunset over the Caribbean Sea or Nichupte Lagoon.

CONTACT: Evy Apostolatos, 973-753-6590,

Marcus & Millichap Capital Corp. Arranges $8.8M Loan in Fresno, CA

FRESNO, CA,  Dec. 21, 2009 – Marcus & Millichap Capital Corporation (MMCC) has arranged an $8.8 million loan to refinance the Sunrise Medical facility, a single-tenant office and industrial property in Fresno.

Jerry Wise, a vice president capital markets and senior director in the firm’s West Los Angeles office, arranged the financing for the property.

“This was a challenging transaction due to the single-tenant-use nature of the property and the tenancy by a non-credit private company,” says Wise. “The existing CMBS loan was maturing shortly. The lender did an excellent job of understanding the operating performance of the asset and the family trust that owned the property,” adds Wise.

The 10-year loan is fixed for five years at 7 percent, with a 25-year amortization, and a loan-to-value of 65 percent.

Press Contact: Stacey Corso, Marcus & Millichap Capital Corporation, (925) 953-1716

Arbor Closes Two Fannie Mae Loans

South Creek Apartments in Centralia, WA Gets $1.197,200 Financing

Uniondale, NY (Dec.r 21, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,197,200 loan under the Fannie Mae DUS® product line to refinance the 52-unit complex known as South Creek Apartments in Centralia, WA.

The 13-year loan amortizes on a 30-year schedule and carries a note rate of 6.19 percent.

The loan was originated by Jay Porterfield, (top right photo) Vice President, in Arbor’s full-service Plano, TX lending office. “South Creek was a refinance of an existing LIHTC property for a repeat borrower,” said Porterfield. “Arbor continues to be a very active lender in Fannie Mae’s Multifamily Affordable Housing program.”

Austin Pacifica Apartments in Austin, TX Obtains $1.65M Funding

Uniondale, NY (Dec.r 21, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,650,000 loan under the Fannie Mae DUS® Small Loan product line for the 102-unit complex known as Austin Pacifica Apartments (bottom left photo)  in Austin, TX.

The 10-year loan amortizes on a 25-year schedule and carries a note rate of 5.67 percent.

The loan was originated by Jay Porterfield, Vice President, in Arbor’s full-service Plano, TX lending office. “Arbor had the opportunity to provide acquisition financing for Austin Pacifica,” said Porterfield. “The property was a strategic addition to the borrower’s other holdings in the neighborhood.”

Contact:  Ingrid Principe, P: 516.506.4298, F: 516.542.2555,,%20follow/ us on Twitter @ arbor1

Kolter Land Partners Acquires Victoria Park in DeLand, FL from The St. Joe Company

WEST PALM BEACH, FL--- Kolter Land Partners, LLC, a privately-owned land acquisition and development firm based in Palm Beach County, has acquired Victoria Park (above and below photos)  in DeLand from The St. Joe Company.

The acquisition of Victoria Park includes seven single-family homes and 20 town homes built by The St. Joe Company; 436 fully developed home sites, 88 partially developed home sites, 1,879 undeveloped home sites on 380 acres; a 2.2-acre commercial site and a Ron Garl-designed golf course with clubhouse and equipment. The purchase price was not disclosed.

“We are pleased to acquire such a quality project with over 1,200 existing residences, which establishes a great foundation for our plans to complete the development of Victoria Park,” Kolter president Jim Harvey said. (center photo above)

Kolter Land Partners, LLC is the land acquisition affiliate of The Kolter Group, the West Palm Beach-based real estate development, investment and construction company that is also developing the central Florida communities of Grande Oaks at Heathrow and Lake Charm in Seminole County and Calabria in West Orange and other projects throughout Florida and the southeastern United States.

Kolter plans to initially focus on selling out the existing inventory at Victoria Park, support existing builders in the community and to start bringing in new builders after the first of the year.

“We look forward to working with the existing residents and builders at Victoria Park, the City of DeLand and Volusia County, on our future plans,” Harvey said

Kolter Land Partners (“KLP”) is a privately-owned affiliate of diversified real estate firm The Kolter Group ( Specifically, KLP is a land acquisition and development firm based in Palm Beach County, Fla.

Since 1993, KLP and its affiliates have invested over $6 billion in developments comprising over 12,000 units. Presently, KLP and its affiliates hold land for more than 9,000 residences.

KLP invests in prime market locations and focuses on providing builders with a steady supply of finished lots at competitive prices.

The firm targets acquisition of raw land with entitlements in place or nearly in place (which KLP develops in-house), as well as partially or fully developed projects and lots.

For more information. please  contact:

Jim Harvey President, Kolter Land Partners, (813) 615-1244 (ext201),
Jerry Ray, Senior Vice President of External Affairs, The St. Joe Company 904-301-4430
 Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142,