Marcus & Millichap's Lori Schneider Named One of Firm's top Investment Specialists

Schneider is also the firm’s No.2 multi-tenant specialist and No. 5 retail specialist nationwide

ENCINO, CA– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named its top investment specialists for 2008. One agent in Marcus & Millichap’s Fort Lauderdale office ranked in the Top 30 out of more than 1,300 investment specialists nationwide.

The agent is Lori Schneider (15). (top right photo) Schneider is also the firm’s No.2 multi-tenant specialist and No. 5 retail specialist nationwide.

“We are proud to recognize Lori as one of the firm’s top agents,” says Harvey E. Green, president and chief executive officer of Marcus & Millichap.

“Her accomplishments and track record reflect her superior transaction expertise and commitment to client service.” Schneider, a senior vice president investments and senior director of the firm’s National Retail Group in Fort Lauderdale, facilitated numerous transactions throughout the United States last year.

Schneider joined Marcus & Millichap in January 1999 and was promoted to senior vice president investments in July 2008.


Among her transactions last year were the sale of a $21.05 million regional shopping center in Fort Wayne, Ind.; a $20 million shopping center in Winter Haven, Fla.; and a $15.3 million medical office building in Marietta, Ga.

Press Contact: Stacey Corso, Communications Department, (925) 953-1716

Lodgian Receives Audit Report with Going Concern Explanation

ATLANTA, Ga—Lodgian, Inc. (NYSE Alternext US: LGN) announceS that the audit report of its independent registered public accounting firm, Deloitte & Touche LLP, included in the company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2008 (the “Form 10-K”), while expressing an unqualified opinion regarding the company’s audited financial statements, identified matters which raise substantial doubt about the company’s ability to continue as a going concern.

The company’s announcement does not represent any changes or amendment to its 2008 financial statements or to its Form 10-K which was filed with the Securities and Exchange Commission on March 13, 2009.

As disclosed in the Form 10-K, the audit report raised substantial doubt about the company’s ability to continue as a going concern because approximately $128 million of the company’s mortgage debt is scheduled to mature in July 2009.

This mortgage debt cannot be extended without the approval of the loan servicers, which extension has been requested but not yet granted.

To address the pending maturities, the company is also pursuing opportunities to refinance the maturing mortgage debt or to acquire new mortgage debt using currently unencumbered properties.

However, in light of the current state of credit markets generally and the real estate credit markets specifically, the company cannot currently predict the outcome of these efforts.

CONTACTS;

Julie Tullbane, Daly Gray Public Relations, T 703-435-6293, F 703-435-6297, julie@dalygray.com

Debi Ethridge, Vice President, Finance & Investor Relations, (404) 365-2719 dethridge@lodgian.com

Marcus & Millichap Relocates Jacksonville Office to Belfort Road Location

JACKSONVILLE, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has relocated its Jacksonville office, according to David Bradley, sales manager of the office.

The new address is 5220 Belfort Road, (top right photo) Suite 120, Jacksonville, FL 32256. The telephone number is (904) 672-1400. The fax number is (904) 672-1410.

“Our Jacksonville office moved because our investment sales force has increased substantially over the past several years to meet the demands of investors seeking commercial real estate in Northern Florida,” explains Bradley.

Marcus & Millichap currently has six offices in Florida: Jacksonville, Orlando, Tampa, Vero Beach, Fort Lauderdale and Miami.

Press Contact: Stacey Corso, Communications Department, (925) 953-1716

Upcoming Stirling Sotheby’s International Realty–HBA Worldwide Auction March 28

ORLANDO, FL --- Stirling Sotheby’s International Realty and the Home Builders Association of Mid Florida have joined forces to produce a unique event scheduled for March 28 in Orlando (http://www.hbaauction.com/) --- a worldwide auction of custom homes that could generate millions of dollars worth of sales from buyers all around the world.

Two Windermere-area properties slated for the auction block could bring bids of more than $1 million, said Roger Soderstrom, founder and principal of Stirling Sotheby’s International Realty.

A 5,268 square foot luxury home at 9730 Lake Hugh Drive ( photos) in Gotha previously listed for sale at $1.65 million will be offered with a starting bid of $890,000, Soderstrom said.

The four-bedroom, five-and-one-half bath luxury home, built in 2007 with its own security gates, boasts a three-car garage and a master suite with its own morning bar, coffee maker and refrigerator, a home theater that rivals the local cineplex, a gourmet kitchen worthy of its own TV show and a resort-style swimming pool with a rock waterfall.

A lakefront estate home on Lake Hancock at 14616 Ruches Ave. (photos) in Winter Garden will be offered with a starting bid of $788,000, Soderstrom said. The 4,340 square foot luxury home, recently listed for sale at $1.98 million, offers four bedrooms, four-and-one-half baths, a three-car garage and gourmet kitchen, along with a huge outdoor entertainment area with a swimming pool, two fountains and two-level terraced deck.

“There are several remarkable properties scheduled for auction and we anticipate the winning bids will represent both substantial bargains and high prices,” Soderstrom said.

“I can’t remember when we have had so many fabulous custom and estate homes for sale in a single auction,” he said.

Stirling Sotheby’s International Realty’s Worldwide Auction Group will accept bids online at (http://www.auctionsbystirling.com/) or bidders can register to bid in person via telephone at 407-588-1260, Soderstrom said.

For more information, contact:
Roger Soderstrom, Founder/Owner Stirling Sotheby’s International Realty 407-588-1260
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142