Friday, August 12, 2011

Premier Business Centers Opens New Downtown Los Angeles Location

LOS ANGELES, CA--(BUSINESS WIRE)--Irvine, CA-based Premier Business Centers has opened a new location in the prestigious Wells Fargo Center (KPMG Tower) at 355 South Grand Avenue, Suite 2450, Los Angeles, CA 90071, at the intersection of 4th Street and Grand Avenue.

Premier Business Centers’ new executive suite has 13,462 rentable square feet on the 24th floor, which has amazing views and consists of 50 offices, 2 conference rooms, a kitchen and a reception / lobby area. (

This is Premier’s 21st new office center in just over 2 years. The business center is located steps from Walt Disney Concert Hall, Museum of Contemporary Art, and Stanley Mosk Courthouse. Premier Business Centers offers first class executive office suites and business services to its clients.

“We are delighted to open a new executive office suite in this landmark building. We believe that the Wells Fargo Center is a prime location in Downtown Los Angeles,” said Jeff Reinstein, Chief Executive Officer of Premier Business Centers.
For a complete copy of the company’s news release, please contact

Jeff Reinstein, Chief Executive Officer
Phone: 949-253-4130

The Wine Group to Acquire 100,000 Ton Loxton, Australia Winery

SAN FRANCISCO, CA, (BUSINESS WIRE)--The Wine Group LLC (TWG), a management-owned wine company based in San Francisco, announced today that it has entered into a binding agreement to acquire a 100,000-ton Loxton winery from Australian Vintage Limited.

Located in the Riverland Wine Region, the Loxton winery was first established as a co-operative in 1948 and has since been significantly upgraded and modernized. It is currently Australia’s fourth largest winery.

The addition of the Loxton facility to TWG’s Griffith, Australia winery will provide incremental capacity to support the growth of the company’s portfolio of fast growing Australian wine brands and expand the company’s high-quality Australian bulk wine offerings to its global network of bottlers.
TWG Australian-sourced brands include Fish Eye, Foxhorn, and Little Roo. Fish Eye has won the Impact “Hot Brand” award every year since its 2004 launch. Foxhorn is America’s #1 popular-priced Australian brand.

David Kent (top right photo), TWG’s chief executive, added “We are very excited to be adding the Loxton team and winery to our existing Griffith, Australia operations, and we intend to operate both wineries at full capacity.

 Ross Mayfield, Plant Manager at our Griffith winery, will serve as Director of Australia Operations on an interim basis and supervise TWG’s Australia-based wineries, reporting to Steve Roden, Vice President of Operations.”

The transaction is scheduled to close on August 18, 2011.

The Wine Group is a San Francisco-based privately held company that produces such well-known brands as Franzia, Cupcake, Concannon, Big House, Almaden, Corbett Canyon, Foxhorn, Fish Eye and flipflop.

Founded in 1981 by a management buyout of the wine assets of The Coca Cola Bottling Company of New York, The Wine Group is the world’s third largest wine producer by volume and the world’s most cost- and carbon-efficient vintner.

The Wine Group
Steve Roden, 559-662-9002

TripFab Works on Building a Travel Product That Promises to Change the Entire Travel Industry

New York, NY --( A new group of individuals are coming up with a new travel product which, they claim, will make the travel industry "c**p" its pants as stated on their coming soon page (

On an interview with the CEO and co-founder of this company about the development and goals of TripFab and what we can expect from all the secrecy surrounding their work, he shared a few thoughts.

Michael La Rosa is one of the masterminds behind TripFab, a young entrepreneur in his early twenties, uprising in the start up business world who already has a couple of very successful acquisitions under his belt.

 When asked what his background is he says he really is a UI/UX developer, in the past he has worked at some really well known software companies in NYC. Describes himself to be very passionate and hardworking, always thriving to make a difference.

For a complete copy of the company’s news release, please contact
Grace Gonzalez; 631-665-2071,

Christie's International Real Estate Strengthens Position in Hawaii with the Addition of a New Affiliate in Maui

Maui, HI, Aug. 12, 2011 --( Christie’s International Real Estate, the world’s leading luxury real estate network, has awarded Affiliate status to Maui Estates International LLC (

The firm has two branch offices, located in Kapalua and Wailea, and will exclusively represent the Christie’s brand on the islands of Maui, Lanai, and Molokai, including the international destinations of Kapalua, Kaanapali, Lahaina, Wailea, Makena, Hana, and all of Upcountry.

Wholly owned by Christie’s, the world’s leading art business, Christie’s International Real Estate ( is represented in more than 40 countries. Maui Estates International LLC joins this carefully selected organization of brokerages with proven records of success in both high-end property sales and exemplary client service.

"Maui Estates International has established a reputation for integrity, discreet client service, and exceptional professionalism that has won the company respect beyond the shores of Hawaii," says Zack Wright, (top right photo)  Senior Vice President of Christie's International Real Estate.

 "The brokerage is comprised of an exceptional team of Maui's top real estate professionals, each of whom has extensive domestic and international marketing and sales experience. We are delighted to welcome Maui Estates International to the Christie's International Real Estate network."

Christie's International Real Estate, Monique Sofo, +1 505 216 1411,

Buckhorn Property Management Company Opens in Frederick Maryland

Frederick, MD, Aug. 12, 2011 --( Buckhorn Property Management, LLC is a new property management company founded in Frederick, Maryland.

The company is attempting to win over real estate investors by providing clients with outstanding service while keeping service fees lower than the competition.

The company's philosophy is simple. "The core of any great business is customer service. Our company is rooted in the belief that we must provide superior service to our clients to be successful," stated owner Tanner Ellis.

 "All property management companies offer services to real estate investors that will save them time and money. But we have to stand out by taking the client service aspect to another level."

Buckhorn Property Management, LLC, Tanner Ellis,  240-457-2859

Coldwell Banker Commercial TradeMark Properties Announces June Lease and Sale Deals

Raleigh, NC, Aug, 12, 2011 --( Coldwell Banker Commercial TradeMark Properties ( has announced that Malcolm Lewis (top right photo), senior real estate advisor at the firm, and Tara Kreider, (bottom left photo) real estate advisor at the firm, have negotiated significant deals during the month of June.

Lewis represented the tenant, Easter Seals UCP North Carolina, in the lease of 8,492 square feet at 3801 Lake Boone Trail from Blue Ridge Realty.

Kreider represented the seller, Fifth Third Bank, in the sale of 7.13 acres at 7417 U.S. Highway 70 West in Mebane, N.C. for $690,000 to The Church of Jesus Christ of Latter Day Saints.

For a complete copy of the company’s new release, please contact

Emily Packard
MMI Public Relations
(919) 233-6600


Coldwell Banker Commercial TradeMark Properties
Patty Briguglio

Berger Commercial Realty Corp. Announces Two New Sales

 FORT LAUDERDALE, FL – Berger Commercial Realty Corp., a full service commercial real estate firm based in Fort Lauderdale, Fla., and serving clients around the state, announced two new deals from brokers Judy Dolan (top right photo) and Steve Hyatt (bottom left photo) 

 Dolan and Hyatt represented receiver Lloyd Berger in the sale of a 14-unit apartment building, located at 1440—1445 W 29th St. in Hialeah, for $546,000 to buyer Corner Investment Group.

Dolan and Hyatt also represented Berger, acting as receiver, in the sale of a 27-unit apartment building, located at 160-190 NW 9 St. in Homestead, to Amor Prudentia LLC for $570,000.

 This year to date, Dolan and Hyatt have closed ten separate apartment deals with a total transaction value of $8.2 million.

Contact:  Marielle Sologuren, Pierson Grant Public Relations, (954) 776-1999, ext. 226,

Weichert Real Estate Affiliates Announces 16 New Franchised Offices, Five Expansions

MORRIS PLAINS, N.J.--(BUSINESS WIRE)--Weichert Real Estate Affiliates, Inc. (WREA), the franchise division of Weichert, Realtors®, announced 16 new affiliated offices and five new branch offices. Founded in 2002, WREA currently serves 300 markets in 38 states.

“The addition of new affiliates and the expansion of existing franchises are equal acknowledgement of Weichert’s reputation for support to offices and service to consumers,” said Weichert Affiliates President Martin J. Rueter (top right photo).

For a complete copy of the company’s news release, along with a list of all of the firm’s offices,  please contact Weichert Real Estate Affiliates, Inc.
Marty Morgan, 818-997-6612,

Hyatt Regency Dar Es Salaam, The Kilimanjaro Debuts as First Hyatt-Branded Hotel in Tanzania

CHICAGO, IL--(BUSINESS WIRE)--Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into an agreement with ASB Tanzania Ltd., a wholly-owned subsidiary of Albwardly Investments, to manage Hyatt Regency Dar Es Salaam The Kilimanjaro (top left photo),  in Tanzania.

The city center hotel commenced operating as Hyatt Regency Dar Es Salaam, The Kilimanjaro on August 1, 2011.

Located in East Africa, just south of the equator along the Indian Ocean, Hyatt Regency Dar Es Salaam, The Kilimanjaro features 180 rooms, including 18 suites, 2 restaurants and 3 bars, more than 900 square meters of meeting and event space, including a 400 meter ballroom and 9 banquet rooms, along with a spa, outdoor infinity pool and fitness center.

“The introduction of Hyatt Regency Dar Es Salaam, The Kilimanjaro expands the presence of the Hyatt brand to a key gateway city for Eastern Africa,” said Peter Norman (bottom right photo), senior vice president, real estate and development for Hyatt Hotels & Resorts for Europe, Africa, and Middle East.

For more information, please visit

Laurie Cole, (312) 780-5935
Hyatt Hotels & Resorts, Europe, Africa, Middle East
Malene Rydahl, 33

Boardwalk REIT Announces 2011 Second Quarter Financial Results

 CALGARY, Alberta, Canada /PRNewswire/ - Boardwalk Real Estate Investment Trust ("BEI.UN" - TSX), Boardwalk Real Estate Investment Trust ("Boardwalk", "Boardwalk REIT", or the "Trust") announced solid results for the second quarter of 2011.

 Funds from Operations (FFO) for the quarter totaled $34.7 million, or $0.66 per unit, an increase of approximately 1.3% and 1.5%, respectively, over the same quarter last year.

 AFFO per unit increased 3.5% to $0.59 versus $0.57 for the same three month period in 2010. 

FFO and AFFO are widely accepted supplemental measures
of the performance of a Canadian Real Estate entity. However, they are not measures defined by International Financial Reporting Standards ("IFRS"). 

The reconciliation of FFO and other financial performance
measures can be found in the Management's Discussion and Analysis
(MD&A) for the second quarter ended June 30, 2011, under the section titled, "Performance Measures".

For a complete copy of the company’s news release, along with statistical data, please contact Investor Relations: 403-531-9255.

Former Mayor Richard T. Crotty and Crossman & Co. President John Crossman to Headline Panel Discussion at ICSC Florida Conference Aug. 21-23

ORLANDO, FL, --  John Crossman, president of Crossman & Company in Orlando, will head a panel discussion on the Florida economy during the International Council of Shopping Centers 2011 Florida Conference at the Gaylord Palms Resort in Kissimmee Aug. 21-23.

Crossman, a frequent speaker at national conferences, said panelists include former Orange County Mayor Richard T. Crotty (top right photo), executive vice president of Crossman & Company; Suk Singh (bottom left photo), senior vice president of chief development officer at Darden Restaurants, Kieran Quinn, managing director at Guggenheim Partners and Tim Becker, director of the Kelley A. Bergstrom Center for Real Estate Studies at the University of Florida.

Crossman said the panel will discuss a wide range of topics including a review of the Florida marketplace over the last 12 months and forecast of the upcoming 12 months.

“We plan to focus on the economy, retail trends, occupancy and rental rate trends, expanding retailers, and project updates,” Crossman said.

Crossman’s panel will be held at 8 a.m. Monday Aug. 22

For more information,  contact:
John Crossman, CCIM, President, Crossman & Company, 407-581-6218,
Larry Vershel, Larry Vershel Communications, 407-644-4142,

NAI Realvest Negotiates Lease Renewal for TLC Engineering for Architecture for 7,520 SF of office space in Deerfield, FL

DEERFIELD, FL – NAI Realvest recently negotiated a renewal agreement for 7,520 square feet of office space at 800 Fairway in Deerfield representing Orlando-based TLC Engineering for Architecture.

 Paul P. Partyka, managing partner at NAI Realvest, negotiated the renewal lease with an assist from Principals George Livingston (top right photo) and Christie Alexander.

 TLC Engineering, which also has offices in Miami, extended its lease in the Fort Lauderdale market for two more years, Partyka said.  

 The landlord, ComReal Fort Lauderdale of Weston was represented in the transaction by Tim Talbot.

For more information, please contact:
Paul P. Partyka, Managing Partner, NAI Realvest, 407-875-9989,
Patrick Mahoney, President, NAI Realvest, 407-875-9989,
Beth Payan or Larry Vershel, Larry Vershel Communications, Inc., 407-644-4142 

$12.8 Million Buys North Carolina Shopping Center

HOLLY SPRINGS, N.C. – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of Sunset Lake Commons (top left photo), a shopping center located in Holly Springs, an affluent Raleigh suburb. The sales price is $12,815,000, which represents $145 per square foot.

 Daniel A. “Sonny” Molloy (middle right photo), a vice president investments in the firm’s Atlanta office and Brad Nathanson (middle left photo), a vice president investments in the Philadelphia office, represented the seller, the original developer of the property, Raleigh-based J&H of Holly Springs LLC.

Nathanson and Molloy also represented the buyer, The Rosen Group Inc. Allen Smith, Marcus & Millichap’s broker of record for North Carolina, assisted in the transaction.

“Sunset Lake Commons is 97 percent occupied, which speaks to the desirability of the market and to the advantage of being a co-tenant with one of the most successful grocery store operations in the Mid-Atlantic,” says Molloy. “Harris Teeter is a 205-store full-service grocery chain that operates in eight states with sales of $4.1 billion in fiscal year 2010.”

 “Given the lack of new inventory delivered to the market, there was a tremendous demand for this center from a national buyer base,” adds Nathanson.

 “The strong population growth within the Raleigh MSA, the appeal of owning the dominate grocer within that market and the attractiveness of owning Sunset Lake Commons also contributed to the receipt of multiple offers. The sale was subject to an existing loan assumption,” adds Nathanson.

 Built in 2005, the property is located at 5277 Sunset Lake Road in Holly Springs, one of the fastest-growing towns in North Carolina. The average income within one-mile of the property is $109,594 and the median income within one mile is $100,479.

 In addition to the 48,000-square foot grocery store tenanted by Harris Teeter, the property features 32,000 square feet of small shop space and two pad sites.

Harris Teeter is a wholly owned subsidiary of the Ruddick Corp., a publicly traded company listed on the New York Stock Exchange as RDK.

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

Marcus & Millichap Promotes Tina D. Taylor to Vice President Investments in Las Vegas Office


LAS VEGAS, NV– The board of directors of Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted Tina D. Taylor (top right photo) to the position of vice president investments.

This designation exemplifies superior performance in the accomplishments an agent has achieved in his or her sales career at Marcus & Millichap and in the investment real estate brokerage profession, according to Richard A. Bird, regional manager of the firm’s Las Vegas office.

 “Tina has earned a reputation as an extremely knowledgeable investment specialist,” says Bird. “She is a consummate professional, continually striving to expand her knowledge and expertise. Her focus on providing superior client services has earned her a high degree of loyalty and respect from investors as well as from her peers.”

Taylor began her career with Marcus & Millichap in September 2002, specializing in the sale of office and industrial properties.

 Most recently, Taylor held the position of senior investment associate.

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