Tuesday, September 25, 2012

Campus Advantage, Carter and Chance Partners Break Ground on New Student Housing Community in Oxford, MS

 OXFORD, MS, Sept. 25, 2012 – Community officials, developers and leaders from the student housing industry gathered this morning at a groundbreaking ceremony for a new student housing project at The University of Mississippi (top left photo) in Oxford, Miss.

The occasion also marked the official unveiling of the development’s name, Highland Square. Officials say the name stemmed from Oxford’s historic town square, which exudes the character and southern charm that Ole Miss students have enjoyed for years.

“Oxford and the University of Mississippi pride themselves on the rich heritage and vibrancy of their community,” said Andy Feinour, senior vice president of Carter. “We wanted to reflect that not only in the name we chose for the property but also in the way we designed it – to instill a town square type of feel to the community’s common areas.”

Carter and Chance Partners will serve as developers of the new $40 million, 753-bed student housing project that is located less than two miles from the University of Mississippi campus.

 Construction is expected to be complete by July 2013. Highland Square is currently accepting leases for fall 2013. More information on the community may be found at www.livehighlandsquare.com

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

Mark Evans
Mobile: 979-492-1150
Fax: 512-579-5488

Fair Housing Organizations File Discrimination Complaint Against Bank of America

WASHINGTON,  DC, Sept. 25, 2012 /PRNewswire-USNewswire/ -- Today, the National Fair Housing Alliance (NFHA) and five of its member organizations around the country announced a federal housing discrimination complaint against Bank of America Corporation, Bank of America, N.A., and BAC Home Loan Servicing, LP.

This complaint, which was filed earlier today with the U.S. Department of Housing and Urban Development, is the result of an undercover investigation that found that Bank of America maintains and markets foreclosed homes in White neighborhoods in a much better manner than in African-American and Latino neighborhoods. 

Bank of America is one of the largest American banks that maintains and sells foreclosed properties and is one of the world's largest financial institutions. 

The investigation of 373 foreclosed homes owned, serviced or managed by Bank of America demonstrates that the financial giant has engaged in a systemic practice of maintaining and marketing its foreclosed, bank-owned properties (also known as Real Estate Owned or REO properties) in a state of disrepair in communities of color while maintaining and marketing REO properties in predominantly White communities in a far superior manner.

 The investigation evaluated Bank of America REO properties in the eight metropolitan areas of Atlanta, GA; Dallas, TX; Dayton, OH; Grand Rapids, MI; Miami/Fort Lauderdale, FL; Oakland/Richmond/Concord, CA; Phoenix, AZ, and metropolitan Washington, DC. 

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

 Cedric Ricks
National Fair Housing Alliance,
+1-202-898-1661 x 119,

Integrity Home Loan names Jeremiah Claramunt manager for new Detroit area office

LAKE MARY, FL--- Integrity Home Loan, a leading mortgage lender with nine Florida offices, has appointed Jeremiah Claramunt (top right photo) manager of Integrity Home Loan’s newest office in the Detroit area at 3000 Town Center, Southfield, Mich.

Matt Malloy (lower left photo), president of Integrity Home Loan of Central Florida, said the new Detroit office is a key part of his strategy to expand the firm outside Florida, Malloy said Integrity Home Loan is also looking for sites in Fairfax, Va. and Texas.

Last year Integrity Home Loan of Central Florida reported it closed on residential mortgage loans totaling more than $400 million.  This year, Malloy said Integrity Home Loan expects to close on mortgage loans totaling more than $625 million.

Malloy said Claramunt has more than 17 years of experience as a mortgage banker.

Already, Claramunt has hired 10 new mortgage lender specialists in the Detroit area and plans to hire 10 to 15 more. 

For more information about this press release, contact:

Matt Malloy, President, Integrity Home Loan of Central Florida, 407-688-8268 matt.malloy@inthomeloan.com
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142, lvershelco@aol.com

Concord Hospitality Doubles Florida Portfolio With Addition of Three Tampa-Area Hotels

 TAMPA, Fla./RALEIGH, N.C., September 25, 2012—Concord Hospitality Enterprises, one of the nation’s top-ranked hotel developer/owner/operators, today announced that it has taken over management of a three-hotel portfolio in Tampa, Fla., recently acquired by MIG Real Estate, a leading owner of commercial real estate. 

The hotels include the 100-room Residence Inn Tampa Suncoast Parkway at North Pointe Village (middle right photo), the 99-room Courtyard Tampa Oldsmar (middle left photo) and the 78-room Residence Inn Tampa Oldsmar (top left photo)

“We are pleased to once again engage Concord to manage properties for us,” said Greg Merage, CEO of MIG Real Estate.  “Concord has proven itself to be an exceptional operator at our hotels in Phoenix and Edmonton, handling all aspects of the operations and improving performance.  We look forward to furthering our relationship at these three Tampa properties.”

            Concord owns and/or operates more than 60 Marriott-branded hotels nationwide across the US and Canada.

“MIG has an eye for sourcing quality assets in desirable markets,” said Mark Laport,(lower right photo) CEO of Concord.  “Tampa has year-round demand generators that make it a compelling market for us, and these hotels compete very effectively in their submarkets. We welcome the opportunity to expand our presence in the Tampa Bay area and appreciate MIG’s recognition that we already are there.”

Located at 2102 Northpointe Parkway in Lutz, Fla., The Residence Inn Tampa Suncoast Parkway is just minutes from Tampa, Clearwater and St. Petersburg, with easy access to area businesses, including Land O’Lakes and the Tampa International Airport.  A designated Florida “Green Lodging Hotel,” the Residence Inn Tampa Suncoast offers a 24-hour fitness center overlooking the patio, fire pit and heated pool, as well as a sports court and 2,600 square feet of meeting space.

The Courtyard Tampa Oldsmar is located at 4014 Tampa Rd. in Oldsmar, equidistant between the Tampa and Clearwater/St. Petersburg airports at the top of Tampa Bay.  The hotel is close to Tampa Bay Downs, the Ed Radice Sports Complex, Raymond James Stadium, and many of the other attractions that bring vacationers to Tampa, including the Tampa and Clearwater beaches.  The hotel makes exploration easy with a complimentary shuttle servicing a three mile radius.

The Residence Inn Tampa Oldsmar lies adjacent to the Courtyard Tampa Oldsmar at 4012 Tampa Rd.  Guests appreciate the hotel’s close proximity to Adventure Island Water Park, Busch Gardens and numerous golf courses.  Consistent with the Residence Inn brand of hospitality, the hotel offers a complimentary, hot breakfast daily and regularly-scheduled managers receptions most evenings.


Chris Daly, Jerry Daly
(703) 435-6293

Integrity Home Loan to launch extensive training program for mortgage loan officers

 LAKE MARY, FL– Integrity Home Loan, which ranks as one of the region’s largest and most active mortgage lenders with nine Florida branches including Central Florida headquarters in Lake Mary and a new branch in the Detroit area, announced it will launch an extensive training program for aspiring mortgage loan officers by the end of the year.

 Matt Malloy (top right photo), president of Integrity Home Loan of Central Florida, said the six-month training program is open to some 50 college graduates and young mortgage bankers.

Salaries will start at $36,000 annually, Malloy said.

Malloy said interested parties should forward a resume to him at Integrity Home Loan of Central Florida, 901 International Parkway, Suite 380, Lake Mary, FL 32746.

Integrity Home Loan currently has locations throughout Florida in Coral Springs, West Palm Beach, Jacksonville, Orlando, Tampa, and in the Detroit suburb of Southfield, Mich.   


Matt Malloy, President, Integrity Home Loan of Central Florida, 407-688-8268 matt.malloy@inthomeloan.com  NMLS #- 161433
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142, lvershelco@aol.com

MBK Senior Living Acquires North Bay Seniors Housing Community in Santa Rosa, CA

SANTA ROSA, CA– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged  the sale of Oakmont Gardens (top left photo), a 163-unit independent living and assisted living community located in the northern San Francisco Bay Area city of Santa Rosa. The terms of the sale were not disclosed.

            Rob Reis (lower right photo), a senior associate in Marcus & Millichap’s National Seniors Housing Group (NSHG), represented the seller, an international life insurance, pensions and asset management company. Reis also provided representation to the buyer, Irvine, Calif.-based MBK Senior Living.

 “Oakmont Gardens has a naturally beautiful setting and an auspicious location at the entrance to Oakmont Village, a premier 55-plus development with 4,500 residents in 3,000 homes,” says Reis.

“We reached out to a large pool of qualified investors for Oakmont Gardens and received no fewer than seven offers. The competitive bidding process we conducted produced a strong buyer backed by one the world’s largest corporations,” adds Reis.

            The property is located at 301 White Oak Drive in Santa Rosa, 55 miles north of San Francisco.

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


Stacey Corso
Public Relations Manager
(925) 953-1716

Investcorp Grows Real Estate Holdings with New Office Properties Portfolio Valued in Excess of $140 million


 NEW YORK, NY /PRNewswire/ -- Investcorp, the international alternative asset manager, announced it has expanded its real estate holdings with equity and debt investments in six high-quality office properties across key markets in the U.S.

The latest investments include two equity acquisitions and one debt financing investment.

 Investcorp acquired three properties in the Keystone Office Park located in the Raleigh-Durham area of North Carolina and one property in the Duke Bridges office park complex located in Frisco, Texas, a suburb of Dallas.

 Investcorp also originated a mezzanine loan secured by two office properties located in the Denver, Colorado metro area. With over 900,000 square feet, the combined properties total value exceeds $140 million.

These investments reflect Investcorp's activity through both equity investment and debt financing in high quality, stable assets at attractive valuations, and in close proximity to commercial and economic hubs. The properties, with combined occupancy in excess of 95 percent, are leased by longstanding tenants including the National Institute of Health, in Raleigh-Durham, Oracle, in Dallas, and the law firm BakerHostetler, in Denver.

"This portfolio adds to our growing mix of investments selected for their strong tenant histories, locations in economically flourishing metropolitan communities, and attractive 'going in' projected cash yields," said Herb Myers (top right photo), a managing director in Investcorp's real estate group. "The investment in properties in these cities is consistent with our theme of focusing on metropolitan areas with demand drivers from technology, healthcare, energy and education."

Christopher Hoeffel (lower right photo), a managing director in Investcorp's Real Estate group continued, "Office properties in growth markets with strong demand generators are on the rebound, and can be purchased at better valuations than similar properties in major gateway cities. Rooted in our value-oriented investment approach, we also see significant opportunities for high-quality, performing debt investments that can be acquired or originated at attractive yields."

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

FTI Consulting (New York),
James Cheston,


 Investcorp (Bahrain),
Firas El Amine,
+973 3998 7838,

HFF joins S&P SmallCap 600 Index; Ranks 5th Fastest Growing Company in Fortune’s 100 Fastest-Growing Companies

 PITTSBURGH, PA – HFF, Inc. (NYSE: HF) announced today it was notified of its inclusion in the S&P SmallCap 600 index, and that it was ranked  #5  in Fortune’s 100 Fastest-Growing Companies.

                HFF was added to the S&P SmallCap 600 GICS Diversified Capital Markets Sub-Industry index after the close of trading on September 18th and replaces Stratasys, Inc. (NASD: SSYS), an information technology firm.               

HFF ranked as the fifth fastest growing company overall and ranked third based on profit growth as reported in the September 24th issue of Fortune magazine.  Fortune ranked companies based on their revenue and EPS growth rates, as well as their three-year annualized total return for the period ended June 29, 2012.

“We would like to thank our clients for their confidence in our ability to create successful and innovative capital markets solutions to satisfy their capital market needs in an ever changing global environment as well as the hard work and dedication of each of our more than 540 associates throughout our 21 nationwide offices, as both are key to our success,” said John H. Pelusi, (top right photo) CEO of HFF, Inc.

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

HFF Associate Director, Marketing
(713) 852-3500                                                     

HFF closes sale of Northline Commons in Houston, TX


HOUSTON, TX – HFF announced today that it has closed the sale of Northline Commons (top photo), a 478,584-square-foot retail power center in Houston.

HFF exclusively represented the seller, Berenson Associates, in the sale of the property to an affiliate of North American Development Group (NADG).  NADG was led by Stephen Preston of the Dallas office.

Northline Commons is a redevelopment of the Northline Mall that was originally built in the 1960’s. 

Completed in 2009, the new center is 86 percent leased and anchored by Marshalls, Ross Dress for Less, Burlington Coat Factory, Conn’s and Palais Royal. 

The property is located at the northeast corner of Interstate 45 and Crosstimbers in north Houston, and is shadow anchored by a Wal-Mart Super Center.

The HFF team representing Berenson Associates was led by senior managing director Rusty Tamlyn (middle right photo) and managing director Ryan West (lower left photo).

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

HFF Associate Director, Marketing
(713) 852-3500