Thursday, March 4, 2010
For a complete copy of the report, please contact:
Heather Pond, 735 Market Street 4th Floor, San Francisco, CA 94103, 415. 593.1400 ext. 230, email@example.com
Senior associate Justin Greider (top right photo) presented the ICSC 2010 Florida Retail Report at the conference, and spoke about some of the highlights and significant trends found in the report.
“After seeing a dramatic decline in consumer spending in 2008 and early 2009, we saw consumers begin to increase their spending slightly throughout the second half of the year,” Greider stated.
The report showed that overall retail fundamentals declined, as expected, through 2009, with the statewide occupancy rate now at 89 percent, with Miami being the only market in the state remaining above 90 percent.
“In the 3rd and 4th quarters we saw stability returning to the market, in rents, occupancy, as well as on the capital market side,” Greider added.
For a copy of the report, contact Justin Greider at Jgreider@crossmanco.com or 407-581-6225 or visit www.CrossmanCo.com.
For more information contact:
John Crossman, CCIM, President, Crossman & Company, 407-581-6218, firstname.lastname@example.org
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142, email@example.com
JACKSON, MS Mar. 4, 2010– EastGroup Properties (NYSE-EGP) announced today that its Board of Directors declared a quarterly cash dividend of $.52 per share payable on March 31, 2010 to shareholders of record of Common Stock on March 19, 2010.
This dividend is the 121st 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 28.1 million square feet.
David H. Hoster II, President and Chief Executive Officer
N. Keith McKey, Chief Financial Officer, (601) 354-3555
SANTA ANA, CA – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that industry veteran Hook McCullough, (top right photo) CCIM, CPM, has been named vice president, director, Private Capital Markets.
McCullough joins from CB Richard Ellis, where he served private investors in the industrial, office and retail sectors, a position he held for 17 years.
At Grubb & Ellis, McCullough will leverage his more than 35 years of commercial real estate experience and extensive knowledge of the private capital investment sales market to further enhance the services Grubb & Ellis provides to investors.
The company’s Capital Markets platform, which includes industry-leading research, sophisticated technology and specialized practice groups, enables professionals to help clients attain the highest possible return on their investments.
McCullough is based in the company’s Newport Beach, Calif., office. He will be responsible for directing Grubb & Ellis’ private capital investment brokerage business, including overseeing the company’s 31 brokers in the Private Capital Markets group. He will also focus on recruiting top-producing brokerage professionals in primary and secondary markets throughout the U.S.
Larry Emmons Rejoins Grubb & Ellis as Senior Vice President, Investment Group
Emmons returns to Grubb & Ellis following one year as a director in Marcus & Millichap’s National Office and Industrial Properties Group and four years with First Industrial Realty Trust, where he served as the senior investment officer in the Florida market and regional director in the Detroit market.
Contact: Erin Mays, Phone: 312.698.6735, Email: firstname.lastname@example.org