Grubb & Ellis Healthcare REIT II Files Registration Statement with SEC

Proposed best-efforts public offering of up to 330,000,000 shares of common stock

SANTA ANA, CA – Grubb & Ellis Realty Investors, LLC announced that Grubb & Ellis Healthcare REIT II, Inc. has filed a registration statement for a proposed best-efforts public offering of up to 330,000,000 shares of common stock.

The offering would include up to 300,000,000 shares to be offered at $10.00 per share in the primary offering and 30,000,000 shares to be offered at $9.50 per share pursuant to the company’s proposed distribution reinvestment plan.

Grubb & Ellis Healthcare REIT II intends to use the proceeds from the offering to invest in a diversified portfolio of real estate properties, focusing primarily on medical office buildings and healthcare-related facilities, and to pay fees and expenses associated with the offering.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective.

These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

A written prospectus meeting the requirements of Section 10 of the Securities Act of 1933 may be obtained by writing Grubb & Ellis Securities, Inc. at 4 Hutton Centre, Suite 700, Santa Ana, California 92707.

Contact: Damon Elder, 714.975.2659, damon.elder@grubb-ellis.com

Orlando Sanford International Airport Retail Expansion at Main Terminals Nearly Complete

SANFORD, Fla. - The Hudson Group, a concession operator at Orlando Sanford International Airport, (top right photo) has nearly completed a buildout of almost 11,000 square feet of retail space at the Airport.

Diane Crews, vice president of administration at Orlando Sanford International Airport, said the final phase of the $3.7 million expansion program is anticipated to be completed in April.


New shops in the International Terminal's expanded space include Indulgence, Discover and Papyrus, while the Domestic Terminal now offers Hudson News and EuroCafe. In addition, airport concessionaire, Alpha Retail, recently expanded itsf acilities by 2,880 square feet, Crews said. That project was completed inearly February.

For more information, contact:

Diane Crews, VP Administration , Orlando Sanford International Airport, 407-585-4002, dcrews@OSAA.net
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142
Sheila Goodman, Larry Vershel Communications, 407-644-4142 P; 407-644-4410 F

Simon Property Group Announces Concurrent Offerings of Common Stock and Senior Notes

INDIANAPOLIS, IN/PRNewswire-FirstCall/ -- Simon Property Group, Inc. (NYSE:SPG) announced that it and its majority-owned operating partnership subsidiary, Simon Property Group, L.P., intend to conduct, subject to market and other conditions, concurrent offerings of approximately 15,000,000 shares of common stock and approximately $500 million principal amount of senior notes due 2019.

The completion of either offering is not conditioned on the success of the other.

The Company expects to grant the underwriters in the common stock offering an over-allotment option to purchase 2,250,000 additional shares of common stock.

Simon intends to use the net proceeds to partially repay the outstanding balance of its $3.5 billion unsecured credit facility and for general corporate purposes.

Goldman, Sachs & Co., J.P. Morgan and Banc of America Securites LLC are serving as joint bookrunning managers of the senior note offering. The offerings are being conducted as public offerings under Simon's joint shelf registration statement filed with the Securities and Exchange Commission.

Any offer of securities will be made by means of the prospectus supplement and accompanying prospectus relating to each offering.

When available, copies of the prospectus supplement and accompanying prospectus relating to each offering can be obtained by contacting: Goldman, Sachs & Co., Attn: Prospectus Dept., 85 Broad St., New York, NY 10004.

CONTACT: Investors: Shelly Doran, +1-317-685-7330, Media: Les Morris,+1-317-263-7711, both of Simon Property Group, Inc.

Plaza Advisors’ New Partner and New Miami Office

TAMPA, FL-Plaza Advisors is pleased to announce the addition of Anthony Blanco (top right photo) as a Managing Partner.

Mr. Blanco will be based in the Miami office and will be responsible for business development and execution.

The firm exclusively focuses on the sale of retail investment properties throughout the Southeastern United States for institutions, private owners, banks and special servicers.

Prior to joining Plaza Advisors, Anthony Blanco was Vice President of Investment Sales with CB Richard Ellis in Miami. Anthony brings more than fifteen years of experience in the shopping center industry to the company.

Mr. Blanco will team with Jim Michalak, (bottom left photo) founder and co-managing partner of Plaza Advisors. Mr. Michalak has over 25 years of experience in the real estate industry. Together Mr. Michalak and Mr. Blanco have completed approximately $2 billion in retail sales transactions.

In January 2009, Plaza Advisors completed the $15.25 million disposition of Regency Village in Orlando on behalf of Regency Centers, and in March 2009 completed the sale of Belleair Bazaar, located in the Clearwater area.

For more information on Plaza Advisors please visit http://www.plazadvisors.com/.

Contact: Lenard Williams, lwilliams@plazadvisors.com

GVA Advantis Negotiates 27,000-SF Lease Renewal and Expansion for Willis of Tennessee Inc.in Bayport Plaza, Tampa, FL

TAMPA, FL – (Mar/ 20, 2009) – GVA Advantis announced it has negotiated a 19,728-square foot renewal and a 7,100-square foot expansion for insurance brokerage firm Willis of Tennessee, Inc. at Bayport Plaza (top right photo) in Tampa, Hillsborough County, Florida.

Vince La Mariana, (middle left photo) senior director of office and industrial services for GVA Advantis, negotiated the transactions on behalf of the property owner, Bayport Plaza Investors, LLC, based out of Hartford, Connecticut.

“We’re very pleased to have retained this quality, long-term lease tenancy at Bayport Plaza,” says La Mariana. “Given the current market conditions, it is encouraging to see established tenants expand.”

Bayport Plaza is an eleven-story, 265,015-square foot Class A office building in the Rocky Point area of the Westshore submarket. Located at 3000 Bayport Plaza off of the Courtney Campbell Causeway, the building is adjacent to the Grand Hyatt Tampa Bay.

Bayport Plaza is a two-time winner of the BOMA (Building Owners and Managers Association) “Building of the Year” Award and is currently 91% leased.

Built in 1984, the building underwent a complete common-area renovation in 2005, which included the addition of an upscale on-site café and state-of-the-art fitness center. Additional amenities include on-site management, a dry cleaner, florist and hair salon in the hotel esplanade.

Contact: Lisa Pelec Hyde, Regional Director of Marketing, Tel 813.342.4752/ Fax 813.342.4004. E-mail Lhyde@gvaadvantis.com
http://www.gvaadvantis.com/