Sperry Van Ness/Guardian Launches Marketmaker Western Regional Commercial Real Estate Auction July 30 in Los Angeles

LOS ANGELES, CA– Sperry Van Ness/Guardian has announced the MarketMaker Western Regional Commercial Property Auction to be held July 30 at 2 p.m. at the Hyatt Regency Century Plaza in Los Angeles.

To accelerate sales for the region’s most motivated sellers of commercial properties, the company launched MarketMaker a new distressed real estate liquidation platform.

With more than 50 years of combined auction experience, Sperry Van Ness has sold more than 20,000 properties located across 46 states as well as Mexico, Puerto Rico and the Virgin Islands. Auction information can be found at http://www.svnmarketmaker.com/.

A summary of the participating property listings include:

· Dozens of individual commercial properties located in six western states
· In excess of $100 million in assets are aggregated (and growing).
· Properties are REO, bank ordered sale or developer close outs.
· Auction inventory is pre-qualified as “motivated sellers” only.
· Properties will be sold at up to 90 percent off the original loan balance.
· Each listing will have a qualified, local Sperry Van Ness listing advisor to improve due diligence efficiency.

Property listings are welcomed before June 30, subject to our pre-qualification criteria. The brokerage community is encouraged to participate in the auction as the site provides SHARElink, a proprietary website tool that allows agents to securely register clients and collect a cooperative fee. This on-line protection feature is unique to MarketMaker and is a first in the auction industry.

“Our team has spent the last several months filtering through hundreds of properties to identify the most sellable assets for this auction,” said Karlin Conklin, Chief Operating Officer of Sperry Van Ness/Guardian.

“With our solution, prospective investors will work directly with a local Sperry Van Ness advisor who has both property and market knowledge - ensuring a smooth due diligence process and timely closing. But ultimately, investors decide the value and the final price of this inventory.”

“Our site will serve as a distressed property marketplace. Real estate professionals and investors will have direct access to our auction and REO listings. MarketMaker will also serve as a secure platform for handling note sales for our

Contact: David Ebeling, Ebeling Communications, (949) 278-7851 david@ebelingcomm.com

Arbor Closes 6 Loans totaling $63M

Maple Grove Apartments in Boise, ID Gets $1.25M Loan

UNIONDALE, NY - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,250,000 loan under the Fannie Mae DUS® Small Loan product line for the 44-unit complex known as Maple Grove Apartments in Boise, ID.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.50 percent.

The loan was originated by Jon Red, Director, in Arbor’s full-service Spokane, WA lending office. “The borrower was seeking a low, long-term fixed-rate loan on a very conservatively leveraged property,” said Red. “Arbor funded the transaction in 60 days with a very competitive rate of 5.50% for 10 yrs.

Two Las Vegas Properties Receive Total $47,493,000

UNIONDALE, NY– Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of two (2) loans totaling $47,493,000 under the Fannie Mae DUS® MBS product line. These loans include:

La Villa Estates, Las Vegas, NV (middle left photo) – A 336-unit complex in the amount of $23,500,000 funded under the Fannie Mae DUS® MBS product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.46 percent.

San Tropez Apartments, Las Vegas, NV – A 336-unit complex in the amount of $23,993,000 funded under the Fannie Mae DUS® MBS product line. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.99 percent.

The loans were originated at Arbor’s Uniondale, NY headquarters.

Parkside Apartments in Carmichael, CA Obtains $935,000

UNIONDALE, NY- Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $935,000 loan under the Fannie Mae DUS® Small Loan product line for the 17-unit complex known as Parkside Apartments in Carmichael, CA.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.72 percent.

The loan was originated by Peter Margolin, (middle right photo) Director, in Arbor’s full-service Northbrook, IL lending office. “The borrower needed to refinance out his existing debt after acquiring the property and putting in capital to improve the asset,” said Margolin. “Arbor provided a long-term debt solution that satisfied the borrower’s needs.”

Harbor Green Apartments in Wilmington, CA Receives $11.15M

UNIONDALE, NY- Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $11,150,000 loan under the Fannie Mae DUS® MBS Loan product line for the 204-unit property known as Harbor Green Apartments in Wilmington, CA.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.66 percent.

The loan was originated by Greg Gillam, Director, in Arbor’s full-service Manhattan Beach, CA lending office.

Treeview Manor in Philadelphia, PA Gets $2.4M

UNIONDALE, NY- Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $2,400,000 loan under the Fannie Mae DUS® Loan product line for the 68-unit property known as Treeview Manor in Philadelphia, PA.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 5.72 percent.

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

“The sponsor’s loan was nearing maturity and he was looking for a lender that was comfortable providing sizeable cash out with a low long term fixed rate,” said York.

“Arbor was able to provide him with terms that exceeded his expectations; we look forward to future opportunities with this client.”

Contact: Ingrid Principe, P: 516.506.4298 F: 516.542.2555

IPrincipe@arbor.com

http://www.arbor.com/

Matthew Harrell Partners With Franklin Street Insurance Services

TAMPA, FL – Franklin Street Insurance Services, Inc, a subsidiary company of Franklin Street Financial Partners, is pleased to announce that Matthew Harrell has joined as a new Partner with the firm. Mr. Harrell will be adding over 7 years of successful insurance brokerage experience to the FSIS.

Prior to joining Franklin Street Insurance Services, Mr. Harrell was responsible for new business development and maintaining client relationships through the Client Advocate Model. He has been involved in the structuring and placement of insurance programs for the Real Estate, Construction, and Homebuilding industries. Matt specializes in Portfolio Risk Management and manages a book with over 30 million square feet of property.

RICHARD DISTLER JOINS FRANKLIN STREET FINANCIAL PARTNERS AS THE COMPANY’S CONTROLLER

TAMPA, FL– Franklin Street Financial Partners, Inc, a collaborative real estate firm, is pleased to announce that Richard Distler has joined the firm as the company’s Controller. Mr. Distler brings more than 13 years of notable accounting experience to the company.

Prior to joining Franklin Street Financial, Mr. Distler was the Vice President of Finance and Treasurer at Academic Financial Holdings, LLC where he supervised the accounting, bookkeeping and processing departments.

Contact:
Matthew Harrell, M: 813.784.3048, O: 813.839.7300 x323, Mharrell@franklinstreetfinancial.com

Skanska Signs $220M Contract to Build Nemours Children’s Hospital in Orlando

STOCKHOLM--(BUSINESS WIRE)--Skanska has signed the contract worth an estimated $220 million to provide construction manager at-risk services to build the $400 million, 85-bed Nemours Children’s Hospital on a 60-acre site in Orlando’s Lake Nona medical city.

The project broke ground June 25 and is scheduled for completion in 2012.

The 630,000-square-foot project (57,000 sq m) (above centered rendering) features an emergency department, diagnostic and ambulatory programs, education and research centers, integrated with an outpatient clinic on a 60-acre greenfield site.

When completed, the campus will allow Nemours to provide access to a full-line of specialty services and improve pediatric care to the region through coordinated patient-centered medical services, biomedical research, medical and allied health training, educational programs as well as pediatric prevention services and child advocacy programs.

Additionally, the facility will incorporate high performance, environmentally friendly and sustainable design concepts to achieve LEED® certification from the United States Green Building Council.

The architect of record is Stanley Beaman & Sears and the associate architect is Perkins+Will.

Skanska USA Building is a leading national and local provider of construction, pre-construction consulting, general contracting and design-build services.

The company also provides validation services to clients in the pharmaceutical industry. Clients represent a broad range of U.S. industries including science and technology, healthcare, education, high-tech, aviation, transportation and sports and entertainment.

The business unit is headquartered in Parsippany, New Jersey and has approximately 3,500 employees. Sales in 2008 amounted to about SEK 30.3 billion.

Skanska is one of the world’s leading project development and construction groups with expertise in construction, development of commercial and residential projects and public-private partnerships.

The Group currently has 55,000 employees in selected home markets in Europe, in the US and Latin America. Headquartered in Stockholm, Sweden and listed on the Stockholm Stock Exchange, Skanska's sales in 2008 totaled SEK 144 billion.

Contacts:

Skanska USA Building,Tom Crane, Senior Vice President, Communications, tel +1 973 753 3450

Skanska AB, Peter Gimbe, Press Officer, tel +46 10 448 88 38 or

Direct line for media:tel +46 10 448 88 99