Saturday, July 9, 2011

Distressed Property Expert Guides Homeowners Through Avoiding Foreclosure

GRAND RAPIDS, MI, July 09, 2011 --( Local CDPE-designated agent, Donna Tashjian (top right photo) of Keller Williams has released a new report that provides information regarding the steps that can be taken to avoid the costly effects of foreclosure.

The report, titled Missing Mortgage Payments? It’s Not Too Late!, provides information every homeowner should know if they are about to or have already missed mortgage payments.

“So many people are devastated and embarrassed by their financial challenges they don’t ask for help,” Tashjian said. “The reality is that over 6 million Americans missed a mortgage payment in April, so people should understand they are not alone.”

This community resource is available at

In addition to providing more information about the alternatives to foreclosure, the report explains five steps a distressed homeowner can take to get the process started. It also lists each alternative to foreclosure, including options like loan modification or short sale.

A short sale occurs when a lender allows a homeowner to sell a property for less than the current mortgage amount owed.

 “There are many alternatives to foreclosure that a distressed homeowner can choose from,” Tashjian said. “I can help tailor a solution that best fits the needs of distressed homeowners and gets them back on track to financial stability.”

The CDPE Designation that Tashjian has acquired provides a specific understanding of the complex issues confronting distressed homeowners. Through comprehensive training and experience, CDPE-designated agents are able to provide solutions for homeowners facing financial hardship in today’s market.

For more information about the CDPE Designation, visit

For more information, please contact:
Donna Tashjian
Keller Williams
630 Kenmoor Avenue SE
Grand Rapids, MI 49546

Chesapeake Lodging Trust Acquires Hotel Adagio in San Francisco

ANNAPOLIS, MD.--(BUSINESS WIRE)--Chesapeake Lodging Trust (NYSE: CHSP) announced that it has acquired the 171-room Hotel Adagio (top left photo) located in San Francisco, California for a purchase price of $42.25 million, or approximately $247,000 per key.

The Company funded the acquisition with a borrowing under its revolving credit facility. The Company has assumed the existing management agreement with Joie de Vivre Hospitality to continue operating the hotel as a full-service, upper upscale boutique property.

James L. Francis (middle right photo), Chesapeake’s President and Chief Executive Officer, stated, “We are excited to have acquired our second asset in the highly sought after San Francisco lodging market.

“With its desirable location in the prominent Union Square area, our planned full repositioning of the hotel, and the boutique operating expertise of Joie de Vivre, the Hotel Adagio is a tremendous opportunity and valuable addition to our growing portfolio.”

Hotel Adagio, located at 550 Geary Street, is a 16-story, historic hotel originally constructed in 1929. The property is located in Union Square, the heart of San Francisco’s world-renowned shopping and entertainment district.

The hotel features large guestrooms that average over 400 square feet, approximately 2,000 square feet of dedicated meeting space with catering capacity to expand to over 5,000 square feet, a large 24-hour fitness center and a 24-hour business center.

The hotel contains an adjacent parking facility which offers valet services. Food and beverage is provided in Bar Adagio, comprised of three separate dining and lounge areas, which features small plates and handcrafted cocktails, ideal for pre- and post-theater dining.

The hotel is in close proximity to numerous retail outlets, restaurants, art galleries, entertainment and theater venues, including the Geary Theater and the Curran Theater, the Moscone Convention Center, Chinatown, and the Financial District, all of which provide numerous business and leisure demand generators.

“We are excited about the repositioning plans for the property,” continued Mr. Francis. “We will give the Hotel Adagio a new identity that draws upon its outstanding location in Union Square, the unique San Francisco culture and demand generators that surround this high-quality hotel.”

Additional information can be found on the Company’s website at

Contacts: Chesapeake Lodging Trust, Douglas W. Vicari, 410-972-4142

Fisher Investments Nears Completion of New Office Project in Camas, WA

WOODSIDE, CA.--(BUSINESS WIRE)--Fisher Investments, a leading, independent investment management company, recently announced it is nearing completion of the first phase of a new office complex located in Camas, Washington.

The office is the third of Fisher Investments’ permanent US locations. The other offices are in San Mateo, CA and Woodside, CA.

The new Camas building is a five-story structure, located on about 200-acres on the south side of Southeast 20th Street. The facility is approximately 150,000 square feet and can house up to 800 employees. Roughly 400 Fisher Investments employees already work out of three satellite locations in nearby Vancouver.

The new facility took approximately 11 months to construct and the firm hopes to have all of its Washington employees moved into the building by the end of the year.

CEO Ken Fisher (top right photo) said, “Our Washington office is a critical part of our organization, and we expect to continue growing our presence there.”

He continued, “It’s good for my employees because Washington doesn’t burden them with a state income tax (unlike California), it’s good for Camas because it moves our employees into the local community, and it’s good for the economy because it creates new high-paying jobs. We’re happy to be there. We like Camas a lot.”

Fisher Investments plans on maintaining its locations in California, but has made no decisions on moving its global headquarters from Woodside, CA. However, the firm continues to hire at all locations. For more information on career opportunities, visit

 For more information visit

Contacts: Fisher Investments, David Eckerly, 800-851-8845,

Seagis Property Group Acquires 50,000 SF Industrial Building in Miami, FL


CONSHOHOCKEN, PA /PRNewswire/ -- Seagis Property Group announced that it has acquired a 50,000 square foot warehouse/distribution facility in the Airport West submarket of Miami Florida.

 The building, which is located at 1325 NW 78th Avenue in Doral fronts the Palmetto Expressway and is fully leased to multiple tenants.

Seagis Property Group LP owns and operates over 8 million square feet of industrial buildings in logistically driven locations along the Eastern Seaboard. 

Seagis is headquartered in suburban Philadelphia, with offices at One Tower Bridge, 100 Front Street, Suite 350, Conshohocken, PA 19428.  

Charles C. Lee, Jr., Principal, +1-484-530-9135,, Investment:
John B. Begier, Principal, +1-484-530-9134,, both of Seagis Property Group LP

Michael Buckner Rejoins Marcus & Millichap as Senior Associate in Austin, TX Office

AUSTIN, TX – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, is pleased to announce that Michael Buckner (top right photo) has rejoined the firm as a senior associate in the Austin office, according to J. Michael Watson (bottom left photo), regional manger of the Austin office.

 Buckner, a retail investment specialist, has rejoined the firm with more than 15 years of experience in the commercial real estate industry. 

“Michael Buckner has extensive experience in commercial real estate as an investment specialist and as a previous member of the firm’s National Retail Group,” says Watson.

 “His tremendous experience and exceptional reputation in the industry will be an asset to our clients and instrumental in expanding our national market-making capabilities to clients in Austin and throughout Texas.”

Buckner originally joined Marcus & Millichap in October 2003 as an agent specializing in retail property sales. In December 2004, he was promoted to associate and in 2006 he received a Sales Recognition Award from the firm.

Buckner is a member of the International Council of Shopping Centers (ICSC).  He received a Bachelor of Arts in History from Texas Tech University in Lubbock, Texas.

Contact: Stacey Corso, Public Relations Manager, (925) 953-1716