$100M financing arranged by HFF for four-property multi-housing portfolio

CHICAGO, IL – The Chicago and Boston offices of HFF (Holliday Fenoglio Fowler, L.P.) announced today that they have secured $100 million in financing for a four-property multi-housing portfolio in Massachusetts, Minnesota and Missouri.

Working exclusively on behalf of RREEF, HFF senior managing directors Mike Kavanau (top right photo) and Fred Wittmann (bottom  left photo)  placed the four loans with Freddie Mac (Federal Home Loan Mortgage Corporation).

Three of the loans are part of the Freddie Mac CME program and one is part of the Freddie Mac Capped ARM program.

The portfolio totals 1,617 units and has an average occupancy of 95%.

Contacts:

Michael A. Kavanau, HFF Senior Managing Director, (312) 528-3650, mkavanau@hfflp.com

Frederic E. Wittmann, HFF Senior Managing Director, (617) 338-0990, fwittmann@hfflp.com

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

Two Grubb & Ellis New Jersey Properties Receive BOMA’s Inaugural “360 Performance” Award

FAIRFIELD, N.J-– Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm,  announced that 200 Kimball Drive (bottom left photo)  in Parsippany and Parkway Corporate Center (top right photo)  in Montvale, both managed by the company’s New Jersey office, have earned the Building Owners and Managers Association International’s inaugural “360 Performance” award.

“These awards are a testament to the strong and seamless partnerships we have with our clients,” said Eric Stone, executive vice president and managing director of Grubb & Ellis’ Northern and Central New Jersey offices.

 “In everything we do, with every owner and tenant we represent, we strive to provide the optimal service for all functions. This is the type of full-service dedication our clients have come to expect, and one we work hard to deliver.”

The awards were announced during the 2009 BOMA International Conference in Philadelphia.

The “360 Performance” award recognizes properties that demonstrate best practices on a holistic basis in all major areas of building operations and management, according to BOMA.

Managed by Erika Morasco of Grubb & Ellis on behalf of Principal Real Estate, 200 Kimball Drive and Parkway Corporate Center, managed by Delores Bocian of Grubb & Ellis on behalf of TIAA-CREF, were among three facilities in New Jersey and 23 properties internationally to receive the award.

Contact: Erin Mays, Phone: 312.698.6735, Email: erin.mays@grubb-ellis.com