Investment sales team joins HFF San Francisco

SAN FRANCISCO, CA – HFF (Holliday Fenoglio Fowler, L.P.) announced today that a team of capital markets associates led by senior managing directors Michael Leggett (top right photo) and Gerry Rohm (top left photo) will join the firm’s San Francisco office.

The team members, formerly of Cornish & Carey Commercial Institutional Investment Services Group, will focus on investment sales transactions primarily on the West Coast.

The Leggett and Rohm team will join HFF’s existing San Francisco office of four senior debt and structured finance professionals who are led by senior managing director and co-office head, Bruce Ganong, who opened the San Francisco office of HFF in late 2006.

The Leggett and Rohm team has more than 50 years of transaction experience having consummated approximately $4.6 billion of commercial real estate transactions consisting primarily of office, research and development and industrial properties since January 2004, including more than $400 million in 2008.

In addition, they closed a Bay Area research/development and industrial portfolio for nearly $60 million in the first quarter of 2009.

“As we have repeatedly stated since going public, we remain focused on strategic growth, both organically and from outside recruitment.

" With regard to outside recruitment, when the right people who have the highest level of integrity and best reputations in a market become available, we are prepared to take the necessary steps in both favorable economic times, as well as in challenging conditions as we now currently face, to bring on new, proven, experienced and talented transaction professionals who believe in the same culture and approach to the business,” said Jody Thornton, (bottom right photo) executive managing director in the Dallas office of HFF.

Contacts:

Joe B. Thornton Jr., HFF Executive Managing Director, (214) 265-0880, jthornton@hfflp.com

Bruce Ganong, HFF Senior Managing Director, (415) 276-6300,bganong@hfflp.com

Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com

Arbor Closes $2,430,400 Fannie Mae DUS® Small Loan for 81 Olive Street in Brooklyn, NY

UNIONDALE, NY (May 8, 2009) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $2,430,400 loan under the Fannie Mae DUS® Small Loan product line for the 9-unit property known as 81 Olive Street in Brooklyn, NY.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.05 percent.

The loan was originated by Stephen York, (top right photo) Director, in Arbor’s full-service New York, NY lending office.

“The borrower’s existing loan was approaching maturity and came to Arbor looking for long-term fixed-rate financing,” said York. “We were pleased to deliver competitive terms, which included sizeable cash out.”

(Brooklyn Bay Bridge, bottom left photo)

CONTACT: Ingrid Principe, P: 516.506.4298, F: 516.542.2555, http://www.arbor.com/

Thomas D. Wood & Co.Brokers $6.8M Loan for Extra Space Storage

SARASOTA, FL— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing on May 4, 2009, in the amount of $6,800,000 for the Extra Space Storage (top right photo) facilities in Pasadena and Annapolis, Maryland.

Brad Cox, (middle left photo) CCIM, CPM, Company Vice President, along with Peyton Cross of Cross Capital Advisory, LLC, from Northern Virginia, financed the Extra Space Storage in Pasadena, Maryland in the amount of $3,000,000 through a community bank.

The loan has an interest rate of 6.25% for the first three years, then floating at 250 basis points over the then current three-year Treasury, fixed for the balance of the loan term. The loan term is six years, based on a 30-year amortization and a loan-to-value of 65%.

The 47,905 square-foot self-storage facility was built in 1992 and is located at 8919 Ft. Smallwood Road, Pasadena, Maryland.

Together they also financed the Extra Space Storage in Annapolis, Maryland, in the amount of $3,800,000 through a community bank.

The loan has an interest rate of 6.25% fixed for three years, then floating at 250 basis points over the then current three-year Treasury, fixed for the balance of the loan term. The loan term is six years, based on a 30-year amortization, and a loan-to-value of 65%.

The 64,084 square-foot self-storage facility was built in 1994 and is located at 2000 Trout Road and 2023 Renard Court, Annapolis, Maryland.

For further information, please contact:
Brad Cox (941) 552-9731 bcox@tdwood.com

Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com

Industrial Team at Southern Commercial Completes 22,720 SF Lease

ORLANDO, FL--Principals William “Bo” Bradford, CCIM, SIOR and Tom McFadden, SIOR of Southern Commercial Real Estate Advisors completed a 22,720 square foot new lease at 8810 Boggy Creek Road, (top right photo) Orlando, Florida.

McFadden and Bradford negotiated the three year new lease, representing the Landlord, DCT Industrial.

The tenant, Kenco Logistic Services, Inc. was represented by Wilson McGinness with JDK Real Estate, LLC out of Chattanooga, TN.

Media Contact: Celeste MacKenzie, 321-281-8503, cmackenzie@southercommercialre.com