Tuesday, June 5, 2012

Marcus & Millichap Capital Corp. Hires Patrick O’Meara as Director in Phoenix, AZ Office

 PHOENIX, AZ– Marcus & Millichap Capital Corporation (MMCC) has hired Patrick O’Meara (top right photo) as a director in the Phoenix office, according to William E. Hughes (lower left photo) senior vice president and managing director of MMCC.

Most recently, O’Meara was with the Inland Real Estate Group of Companies Inc., based in Oak Brook, Ill.

In his new position at MMCC, O’Meara is responsible for structuring debt and equity financing for multifamily and commercial real estate properties nationwide.

He also works on the origination and placement of debt across the entire capital stack, including first mortgage debt, mezzanine, preferred and joint venture equity.

O’Meara has experience in retail, office, industrial, multifamily, student housing and hotels, providing financing solutions for stabilized, bridge, distressed and new construction transactions.

For a complete copy of the company’s news release, please contact:
Stacey Corso , Marcus & Millichap Capital Corporation, (925) 953-1716

St. Augustine, FL Estate In Palencia Golf And Tennis Community To Sell To The Highest Bidder During A "Live," Absolute Auction On June 16

ST. AUGUSTINE, FL /PRNewswire/ -- A newly constructed, custom home within the exclusive Palencia golf and tennis community is scheduled to sell at a "live," absolute auction on June 16th, Concierge Auctions has announced.

Originally offered for $3 million, the property will sell to the highest bidder regardless of price. The sale is being handled in cooperation with Naomi Lumley and Pud English of Palencia Realty.

For more information, call 888-966-4759 or visit www.ConciergeAuctions.com.

For a complete copy of the company’s news release, please contact:
Kari Neering, Rubenstein Public Relations, +1-212-843-8392, kneering@rubensteinpr.com

Commercial and Multifamily Mortgage Delinquency Rates Drop for Banks, Rise for CMBS in First Quarter of 2012


WASHINGTON, DC – Commercial and multifamily mortgage delinquency rates dropped for banks and rose for commercial mortgage backed securities (CMBS) during the first quarter of 2012. 

Delinquency rates also declined for life insurance companies and Fannie Mae during the first quarter, and increased by 0.01 percentage points for Freddie Mac, according to the Mortgage Bankers Association’s (MBA) Commercial/Multifamily Delinquency Report.

 During the first quarter of 2012, the 60+ day delinquency rate for commercial and multifamily mortgages held in life company portfolios decreased 0.03 percentage points to 0.14 percent. 

The 60+ day delinquency rate for multifamily loans held or insured by Fannie Mae decreased 0.22 percentage points to 0.37 percent.  The 90+ day delinquency rate for loans held by FDIC-insured banks and thrifts decreased 0.13 percentage points to 3.44 percent. 

The 60+ day delinquency rate for multifamily loans held or insured by Freddie Mac increased 0.01 percentage points to 0.23 percent.  The 30+ day delinquency rate for loans held in commercial mortgage-backed securities (CMBS) increased 0.29 percentage points to 8.85 percent.

For a complete copy of the company’s news release, please contact:
Matt Robinson, (202) 557-2727

McCarthy Building Companies Honored by Veterans First with a OneOC Spirit of Volunteerism Award


 ANAHEIM, CA– Veterans First of Orange County recently honored McCarthy Building Companies with a OneOC Spirit of Volunteerism 2012 Outstanding Volunteer Award. The award was presented to McCarthy during OneOC’s 36th Annual Spirit of Volunteerism Awards Luncheon at the Disneyland Hotel in Anaheim, California.

 With approximately 1,025 people in attendance, the OneOC Spirit of Volunteerism Awards is the oldest awards program in Orange County. The event honors the service of the individuals, teams and businesses that make the Orange County community a stronger and more vibrant place to live, work and play.

During this year’s ceremony, many of Orange County’s community member and employee volunteers were honored by several non-profit, community organizations and companies for the time and talent they have contributed to build better communities.
For a complete copy of the company’s news release, please contact:

Laura Mickelson (LM Communications)
(949) 453-0851

Susan Garritano (McCarthy Building Companies, Inc.)
(314) 968-3300