Re/Max Partners With RealtyTrac

DENVER, CO, July 8, 2009 – RE/MAX International, Inc., announced that visitors to remax.com soon will be able to search more than 1.8 million REO properties in the U.S. via a strategic partnership with RealtyTrac (http://www.realtytrac.com/).

Through the partnership, RE/MAX Associates receive discounted subscription rates to RealtyTrac, the nation’s leading online foreclosure marketplace.

RE/MAX agents are uniquely qualified to manage foreclosures and distressed property as more RE/MAX Associates have earned the Certified Distressed Property Expert® (CDPE) designation than agents from any other national real estate network.

The CDPE training, through The Distressed Property Institute, gives RE/MAX agents the expertise to assist buyers and sellers of REO and distressed properties.

“The new partnership with RealtyTrac is about adapting to today’s real estate market,” said Kristi Graning, (top right photo) Senior Vice President, Information Technology and eBusiness for RE/MAX International.

“In addition to the training they’re receiving on distressed properties, RE/MAX Associates can leverage the RealtyTrac foreclosure information and inventory on remax.com to help their buyers and sellers make informed decisions.”

RealtyTrac averages approximately 3 million unique monthly visitors. Through the subscription, RE/MAX agents have access to foreclosure information — including properties in default, properties scheduled for public foreclosure auction and bank-owned properties — along with foreclosure loan information, tax assessment information, comprehensive lien and loan history and neighborhood home sale trends.

“We are very pleased to be working with one of the world’s leading real estate brands and are excited to be providing RE/MAX International with foreclosure data,” said Rick Sharga, (middle left photo) Senior Vice President for RealtyTrac.

“Together, we believe we can have a positive impact on the national housing market by providing RE/MAX Associates with vital information they can use to help their customers with foreclosures.”

For more information on RealtyTrac, visit http://www.realtytrac.com/.

For more information on RE/MAX International, or to search for property listings, visit http://www.remax.com/.

Contact: Tammy Chan Atomic PR, Direct: 212-699-364. 6Mobile: 408-802-8682, tammy@atomicpr.com

Marcus & Millichap Lists 2 Properties for Total $21.9M

Quarry Shopping Center, Fort Smith, AR, Listed for $11M

FORT SMITH, Ark., July 7, 2009 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has the retained the exclusive listing for the 198,371-square foot Quarry Shopping Center (top right photo) in Fort Smith.

The listing price of $11 million represents $55 per square foot and an 8.01 percent cap rate.

Mac McCall, an associate vice president investments and a director of the firm’s National Retail Group in Atlanta, and C. J. Cropper, a retail investment specialist in Little Rock, are representing the seller, a Fort Smith-based private investment group.

“The Quarry Shopping Center is currently 97 percent occupied and includes a diverse mix of national and local retail tenants well-suited for the area,” says McCall. “The investment represents a rare opportunity to acquire a Wal-Mart-anchored property at only $55 per square foot.”
The property is located on 18.2 acres at 4900 Rogers Ave., across from the Central Mall, which is anchored by Dillard’s, JCPenney and Sears.

Seller Asks $10.9M for Metro North Office Building in North Glenn, CO

NORTHGLENN, Colo., July 7, 2009 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for Metro North, (bottom left photo) a 86,044-square foot office building in Northglenn, a suburb of Denver.

The listing price of $10.9 million represents $127 per square foot.

Barry Higgins, vice president investments, and office and industrial property specialists Jon Hendrickson and Taylor Turano, al based in the firm’s Denver office, are representing the seller.
“Metro North is a high-identity property with excellent visibility from Interstate 25,” says Turano.

Located at 11990 Grant St. on 3.3 acres in Northglenn, the property is accessible from 120th Avenue, which is a major artery for the city with a traffic count of 61,040 vehicles per day.

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

D & A Building Services secures new contract with Denton County, TX

LONGWOOD, Fla.— D & A Building Services Inc., a facility maintenance company, has secured a new contract with Denton County, Texas. D & A is providing window cleaning and pressure washing for the county administration building, the six-story Joseph A. Carroll Building located in the City of Denton.

A crew of four window cleaning specialist will be assigned to the project, according to D & A’s Dallas Branch Manager Antonio Espinel (top right photo)

D & A Building Services’ Dallas office, established in 2008 currently employs a staff of 15 cleaning specialists. D & A is a Minority Business Enterprise certified by the North Central Texas Regional Certification Agency, a member of the Greater Dallas Hispanic Chamber of Commerce and the Hispanic Contractors Association of Dallas/Fort Worth.

The Company has offices in Longwood, Fla., Jacksonville, Fla., Tampa, Fla., Kansas City, Mo., Madison, Wis., Dallas, Texas, and Detroit, Mich. For additional information, please visit http://www.dabuildingservices.com/.

Contact: Elaine Ingra, PR WORKS!, PH: 407 384-1344,
elainei@pr-works.com, www.pr-works.com

Ardaman & Associates wins contract in Louisiana

ORLANDO, FL— Ardaman & Associates Inc., Orlando’s oldest geotechnical engineering firm, has been selected by the Southeast Louisiana Flood Protection Authority – East Board for an Indefinite Delivery Indefinite Quantity (IDIQ) contract to provide geotechnical engineering services.

The three-year contract has a maximum fee of $1 million per year. Ardaman’s New Orleans office will perform on this contract.

Ardaman & Associates Inc. is an engineering practice providing geotechnical, environmental, water resources and facilities engineering, and construction materials testing to public, industrial and private clients worldwide.

The Company is headquartered in Orlando with offices in Bartow, Cocoa, Fort Myers, Miami, Port St. Lucie, Sarasota, Tallahassee, Tampa, and West Palm Beach, Fla., and in New Orleans, Baton Rouge, Shreveport, Monroe and Alexandria, La. Established in 1959, Ardaman employs a professional, support and field staff of 485. Please visit ardaman.com for more details about services and experience.

Contact: Elaine Ingra, PR WORKS!, PH: 407 384-1344,
elainei@pr-works.com, www.pr-works.com

Van Tilley promoted at Palmer Electric

WINTER PARK, FL– Van Tilley (top right photo) has been promoted to executive vice president at Palmer Electric Company in charge of all operating units consisting of commercial, service, residential, systems and multi-family divisions.

Tilley, who joined the 350-person electrical services company in 2002, most recently held the position of vice president - commercial division.

He remains on the board of directors for Palmer Electric, an employee owned company.

With 30 years of electrical contracting experience, Tilley’s education and trade training includes a four-year electrical apprenticeship program in Florida, construction management courses at Clemson University Business Management Academy, general studies at Jefferson Davis Community College, Biloxi, Miss., as well as the completion of numerous Fails Management seminars.

He currently serves on the board of directors of the Central Florida Chapter of Associated Builders & Contractors.


Contact: Elaine Ingra, PR WORKS!, PH: 407 384-1344, elainei@pr-works.com, www.pr-works.com

Chatham Financial Advises on $1.275B Bank of America Tower Financing

KENNETT SQUARE, PA – Chatham Financial has assisted The Durst Organization and Bank of America, joint venture partners in The Bank of America Tower (top left photo) at One Bryant Park, in closing the largest single asset first mortgage since the fall of 2007.

The $1.275 billion permanent financing of Bank of America Tower, a 2.4 million square foot, 54-story LEED Platinum certified office tower, which serves as New York headquarters for Bank of America, is a result of creativity and perseverance in this credit constrained market.

“Closing this transaction proves there is still money available for the best borrowers on the best assets.

" Getting a deal of this size done in today’s credit market is a testament to the relationships and stellar reputation of The Durst Organization, the strength of Bank of America as a tenant, and the unparalleled quality of this building,” Tony Talbert, Director, Chatham Financial.

Chatham acted as financial advisor to the partnership on a range of issues including loan structuring, lender solicitation, and interest rate hedging.

“Thank you to our lenders, partners and advisors for getting this deal done,” said Douglas Durst, (bottom right photo) Chairman of The Durst Organization.

“We are very proud of One Bryant Park; the building has proven to be a trailblazer. It’s the first LEED Platinum office tower in the United States.

"It was the largest skyscraper designed and built after September 11th, 2001 and now it’s the first building to get a large loan after the credit markets froze last year. We are hopeful that this financing will engender additional lending and get our city, state and nation’s economies back on track.”

Bank of America Tower is 98% occupied and includes Charlie Palmer’s Aureole Restaurant, and the restored and reconstructed Henry Miller Theater.

Contact: Joy Peterson, jpeterson@chathamfinancial.com
http://www.chathamfinancial.com/