Colliers International Completes $11.42M Sale of a 208,493-SF Industrial Property in Simi Valley, CA

SIMI VALLEY,  CA (Aug.  16, 2010) – Colliers International, the second largest real estate services organization globally, has completed the sale of 208,493-square-foot industrial property at 2900-2950 Madera Rd. (bottom left photo)  in Simi Valley, Calif., to Kingsbridge International, Inc., an importer / wholesaler of housewares and giftwares.

The transaction is valued at $11.42 million.

The two-building property is comprised of a 135,683-square-foot distribution building and a 72,810-square-foot office building. Kingsbridge will be relocating to this location from their Chatsworth, Calif. headquarters, and will occupy the distribution building.

“Kingsbridge was attracted to this property because the quality of the real estate and the price point were incredibly attractive. Our client will operate its business from the 135,683-square-foot distribution building and will lease the office building back to the seller, Bank of America,” said John DeGrinis, (top right photo) SIOR, executive vice president, who represented the buyer in the transaction, along with Patrick DuRoss, (bottom right photo)  senior associate, and Jeff Abraham (top left photo), associate, all of TEAM DeGRINIS based in Colliers International’s Encino, Calif., office.

Abraham added, “Once Kingsbridge saw that the functionality, image, size and location of the distribution building were all exceptional for its use, they became very excited about this opportunity as an investment in Kingsbridge’s operations, as well as a great real estate investment opportunity.”

Bank of America was represented by Cushman & Wakefield.

TEAM DeGRINIS is a specialized group within Colliers International that provides consulting on industrial and R&D real estate requirements in the North Los Angeles region.

With a combined 40 years of experience in the commercial real estate industry, TEAM DeGRINIS is a leader in sharing strategic local market insight and has completed more than $385 million in transactions over the past five years.

For more information, visit www.colliersmn.com/teamdegrinis.

Contact: Megan Morales, Marketing & PR Coordinator, 949 724 5537
megan.morales@colliers.com

Morrison Commercial Real Estate Completes Office Lease Transactions Totaling 31,243 SF at Parkway Buildings in Maitland and Downtown Orlando

ORLANDO, FL (Aug. 16, 2010): Greg Morrison, CCIM, SIOR, Principal of Morrison Commercial Real Estate, announced the completion of two office lease transactions totaling 31,243± square feet for their client Parkway Properties.

Parkway Properties is one of the nation’s premier office REITs that own five (5) office buildings in the Greater Orlando area totaling over 900,000 square feet.

Greg Morrison (bottom right photo) and Emily Zinaich (top right photo)  represented Parkway in leasing 21,391± square feet to Welbro Building Corporation for a total of six (6) years at the Maitland 200 building. Tony Jones of Newmark Knight Frank in Miami represented the Tenant in this transaction.

In Downtown Orlando, Morrison and Damien Madsen (top left photo)  leased 9,852± square feet to Hancock Bank for a total of five (5) years at the Gateway Center located at 1000 Legion Place. This includes Hancock Bank’s first Downtown Orlando bank branch location along with the additional office space for their commercial banking operations.

Contact: Buffy Gillette, Phone: 407.219.3500, Email: bgillette@morrisoncre.com

PCCP and Ohio Public Employees Retirement System (OPERS) Form New Venture to Originate Senior Commercial Mortgages

 SAN FRANCISCO, CA, Aug. 16, 2010 - PCCP, LLC and the Ohio Public Employees Retirement System have teamed up to form a new venture that will originate first mortgages. The venture will take advantage of the lack of liquidity in the floating-rate commercial mortgage debt space.

According to Don Kuemmeler (top right photo), founding partner of PCCP, “The great recession has reduced the number of skilled, entrepreneurial lenders who understand fundamental real estate value and who make and hold commercial real estate mortgages on their balance sheets.

"The PCCP and OPERS venture intends to offer a shorter-term, flexible first mortgage product for owners with a value-added business plan. We expect to hold these loans to maturity, and service our customers with creative solutions, as PCCP has done over the past 12 years.”

The venture will leverage PCCP’s team of seasoned investment professionals and established lending platform which has originated in excess of $3.5 billion of floating-rate loans over the past 12 years.

With a national focus, the venture will make loans secured by all major asset types (office, multifamily, retail, industrial and hospitality).

“We are excited to be teamed up with the Ohio Public Employees Retirement System. OPERS recognized a need in the market, and we expect to have many opportunities to make excellent investments in the coming year,” said Adam Zoger, a principal in PCCP’s San Francisco office.

 PCCP, LLC is a premier real estate private equity firm focused on commercial real estate debt and equity investments. PCCP has over $6 billion under management in multiple closed-end funds and joint ventures with institutional investors.

With 33 investment professionals and 50 employees across four offices located in New York, San Francisco, Sacramento and Los Angeles, PCCP invests throughout the United States. Learn more about PCCP at www.pccpllc.com.

With assets of $68.3 billion, OPERS is the largest public pension fund in Ohio and the 12th largest public pension fund in the U.S.

Contact: Darcie Giacchetto, Spaulding Thompson & Associates, Inc., 949-278-6224

Marcus & Millichap Sells 2.5 Acre Parcel of Development Land in Tampa

TAMPA, F – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of the University of Tampa Land Development Opportunity, a 2.5 acre Land property located in Tampa, FL, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.

The asset commanded a sales price of $4,000,000.

Paul Bouldin (top right photo) , Marcus & Millichap’s Southeastern Land & Development Specialist, led Dorothy Jackman (top left photo) , Travis Prince (middle right photo) , and Jeffrey Meyer in the transaction for the Tampa office.

They were engaged as the exclusive agent to market the property on behalf of the seller, a single purpose LLC under the direction of a publicly traded Midwestern company.

The buyer, Florida Health Sciences Center, Inc., was represented by DeLaVergne & Company, a longtime Tampa area commercial real estate advisory and brokerage services firm.

The property is located at 722 West Kennedy Boulevard. The site is suitable for a number of residential and commercial uses. The buyer has made other acquisitions in the area, but did not disclose any immediate plans or intended uses.

Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700

HFF secures $10.4M financing for San Marcos, TX retail power center

DALLAS, TX – The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has secured a $10.4 million financing for Red Oak Village, (top left photo)  a 176,693-square-foot retail power center in San Marcos, Texas.

Working on behalf of Lincoln Property Company, HFF associate director Travis Anderson  placed the 10-year, 5.5% fixed-rate first mortgage with Southwest Bank.

Completed in 2007, Red Oak Village is 87% leased to tenants including Best Buy, Marshalls, Bed Bath & Beyond, PetSmart, Ross Dress for Less and Carl’s Jr.

 The property is located at 2233 Interstate 35 South close to Texas State University and the Prime and Tanger Outlets in San Marcos, about halfway between Austin and San Antonio.

Lincoln Property Company is nationally recognized for its full-service, vertically integrated institutional investment and property management platform.

Since 1965, Lincoln has acquired and developed approximately $34.3 billion of residential and commercial property. Lincoln currently maintains a presence in 200 cities in the United States and currently manages over 120 million square feet of commercial properties and 135,000 multi-family units across the country.

Contacts:

Travis Anderson, HFF Associate Director, (214) 265-0880, tanderson@hfflp.com
Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com

C&W negotiates new renewal for Walter P. Associates, Inc. engineering in Orlando, FL

Orlando, FL – Aug.t 16, 2010– Cushman & Wakefield of Florida, Inc. (C&W) Office Brokerage Senior Director Richard Solik (top right photo)  announced a renewal for Walter P. Moore and Associates, Inc in Lincoln Plaza downtown.

Mr. Solik represented the tenant, in the six-year deal for 5,400 sf. Lincoln Properties represented the landlord in the deal which commences on October 1.

The Houston-based engineering firm has worked on many high profile projects in Orlando including the Orlando Convention Center, Downtown Disney West and the Orlando International Airport.

Contact: Brook Hines, Tel: 407-541-4401
brook.hines@cushwake.com, http://www.cushwake.com/

Chesapeake Hospitality Announces Top Performers at 19th Annual General Manager’s Conference

GREENBELT, Md., Aug. 16, 2010—Officials of Chesapeake Hospitality, a highly ranked third-party hotel management company, today announced the names of its top performing hotels and operators, each of whom was formally recognized during the company’s 19th annual general managers conference held recently in Maryland.

“Our top performing properties and general managers continue to outpace the industry in terms of marketshare and guest satisfaction scores, impressive results achieved during one of the most difficult operating environments in our industry’s history,” said Kim Sims, Chesapeake president.

 “While it is important for us to recognize these individual accomplishments, the real winners here are our owners and guests who continue to be the beneficiaries of some of the highest standards of operating excellence in the hospitality industry.”

All winners were selected on performance-based criteria. This year’s winners include:

1. John Eliot; Holiday Inn Laurel East, Md. (top left photo)—New Comer of the Year/New GM Award (awarded to the hotel with the highest combination score of guest satisfaction, sales and marketing, brand citizenship and financial performance within the first 18 months of a new general manager’s start date)

2. Bill Winn, Holiday Inn Brownstone Raleigh, N.C (top right photo).—Overcoming Adversity Award (awarded to the property in the most difficult competitive position with the highest positive market share)

3. Rick Guttenberger; Shell Island Resort Hotel, N.C (middle left photo).—Most Improved Award (awarded to the property with the highest Year-Over-Year non-ramp-up share gain based on Smith Travel Research T12 reports )

4. Rod Musselman; Hilton Savannah Desoto, Ga. (bottom right photo)— Guest Service Excellence (awarded to the hotel with the largest increase in Year-Over-Year guest service scores based on brand defined measures)

5. Mike Keeler; Hilton Wilmington Riverside, N.C.(bottom left photo)—Forecast Excellence Award (awarded to the hotel based on trailing six month forecast results from 60 days out to actual date)

“With hotels finally beginning to see improvements in occupancy and rate, depending on market, excellent operating practices become more important than ever as a way to gain a competitive edge during the recovery, ” Sims added.

Headquartered in Greenbelt, Md., just outside of Washington, D.C., Chesapeake Hospitality is a mid-sized, third-party hotel management company with a proven track record in both full- and select-service hotels.

Ranked in the top 50 largest independent operators, the company manages properties under the Hilton, Starwood and InterContinental Hotel Group brand families.

For additional information, visit the company’s website: http://www.chesapeakehospitality.com/.

Contacts:
(media) Chris Daly, Senior Vice President; Jerry Daly;  Daly Gray Public Relations, ph: 703-435-6293, chris@dalygray.com  or jerry@dalygray.com
Follow us on Twitter: http://twitter.com/dalygray

 Joseph F Smith, management inquiries, (216) 496-9120,  jsmith@chesapeakehospitality.com

Arbor Closes $8M Fannie Mae DUS® Loan for 309 West 57th Street in New York, NY

Uniondale, NY (Aug. 16, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $8,000,000 loan under the Fannie Mae DUS® Loan product line for the 102-unit multifamily building known as 309 West 57th Street (top left photo) in New York, NY.

The five-year loan amortizes on a 30-year schedule and carries a note rate of 4.65 percent.

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

“This was the borrower’s first Fannie Mae and Arbor transaction,” Kaushansky said. “I’m glad we were able to provide the borrower with the most competitive terms out in the market.”

Helping to arrange the financing for the borrower was Zev Pollak, the broker of the deal, who noted, “The borrower was pleased with the fact that he received a below-market interest rate.”

Arbor Appoints Jennifer Caluri-Sullivan as Vice President, Marketing

Uniondale, NY (Aug. 16, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC and leader in the commercial real estate finance industry, has announced today the appointment of Jennifer Caluri-Sullivan (bottom left photo) to Vice President, Marketing, in Arbor’s Uniondale, NY, headquarters.

She reports to Bonnie Habyan, (bottom right photo)  Senior Vice President, Marketing.

Ms. Caluri is responsible for executing all phases of internal and external sales, employee, client and other corporate events.

She additionally oversees new business strategies for Arbor’s family of companies and its national sales team, including customer relationship management and client retention initiatives, as well as the management and oversight of all internal and external marketing disciplines, such as advertising, website design, digital communication, direct mailings, tradeshows and employee communications.

Ms. Caluri possesses more than 14 years of real estate marketing experience. Prior to joining Arbor, Ms. Caluri held the position of Director of Marketing and Corporate Communications at Greystone & Company, Inc., where she provided organizational leadership in identifying new business opportunities through advertising, public relations and special event initiatives, while also cultivating long-standing business relationships.

Ms. Caluri also previously held the position of Marketing Director at The Lefrak Organization, where she spearheaded marketing and branding strategies across all business communication mediums.

Ms. Caluri received a Bachelor of Business Administration-Marketing degree from New York’s Bernard Baruch College. Ms. Caluri is also a New York State-licensed real estate broker. She resides in Fair Lawn, NJ.

Contact: COstrowski@arbor.com

Marcus & Millichap Sells 20-Unit Apartment Building in Tampa

TAMPA, FL, August 13, 2010 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Casa del Sol, (top left photo)  a 20 unit, garden apartment property located in Tampa, FL, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.

 The asset commanded a sales price of $450,000 or $22,500/unit.

Casey Babb, (lower right photo)  CCIM, a Senior Investment Specialist, and Luis Baez, an Investment Specialist in Marcus & Millichap’s Tampa office, facilitated the transaction on behalf of both the Seller, a regional bank, and the Buyer, a local private investor.

Casa del Sol is a 1970’s vintage, garden apartment community located at 6001 South Dale Mabry Highway in a desirable South Tampa submarket.

The property consists of all 2 bedroom / 1 bath units which are housed in a single, 2-story block building.

At the time of sale, the property had been foreclosed, had significant deferred maintenance and had an extremely high economic vacancy rate.

 Babb commented, “The Casa del Sol transaction is an example of an emerging trend in which the Buyer had formerly owned the property so he was willing to act quickly.

" In this case, the investor had sold the property in 2005 near the height of the market and was able to repurchase the property at 37.5% of the previous sales price. Because of his familiarity with the real estate, he was able to conduct a very short due diligence and closed in 30 days.”

Press Contact:  Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700

Larry Dale, President/CEO of Orlando Sanford International Airport, Named FDOT Aviation Professional of the Year

Larry Dale, (center) CEO of Orlando Sanford International Airport, flanked by Stephanie Kopelousos, Secretary of Florida Department of Transportation, and Aaron Smith, FDOT Aviation Manager.


SANFORD, FL – Recently (Aug. 10) at the annual Florida Airports Council Conference, the Florida Secretary of Transportation Stephanie Kopelousos and Florida Department of Transportation (FDOT) State Aviation Manager Aaron Smith presented the annual aviation awards, naming Larry Dale, president and chief executive officer of the Orlando Sanford International Airport (OSIA), the 2010 Aviation Professional of the Year.

Every year the Florida Department of Transportation recognizes superior achievement by presenting an award in honor of the Aviation Professional of the Year.

The recipient of this prestigious award has made a significant contribution to Florida aviation or made a continuing commitment to and significant achievements in Florida aviation over a period of years.

The various aspects of aviation to be considered include, but are not limited to, technological research or advancement, airport management, airport construction or maintenance, airport design, air safety, aviation legislation and Florida aviation business.

Mr. Dale, who has served as President and CEO of Orlando Sanford International (top right photo)  for the past nine years, was cited for his diligent effort and success in bringing growth and development to the airport, largely due to his innovative and tenacious approach to problem–solving.

State Aviation Manager Aaron Smith further noted “In 2009, in the aftermath of the crash of US Airways Flight 1549 on the Hudson River due to a bird strike, Mr. Dale recognized the need for legislation to provide immunity from prosecution for airport managers in the lawful execution of their federally mandated response to wildlife hazards on airport property.

As he stated at the time, ‘Airport personnel should not be fearful of prosecution in doing what is necessary to keep people safe.’

In typical Larry Dale-fashion, he immediately enlisted the support of State of Florida Representative Scott Plakon (middle left photo) and Senator Carey Baker (middle right photo)  and worked with them to draft and promote a bill entitled the Airline Safety and Wildlife Protection Act.

 From the initial concept to the final approval of both the House and Senate, to the Governor’s signing on June 11, 2009, Mr. Dale was critically instrumental in the successful passage of this important legislation.

Subsequently, Mr. Dale worked closely with Florida Fish and Wildlife staff to draft the associated promulgated rule, and on June 23, 2010, the Florida Fish and Wildlife Conservation Commission (FFWCC) voted unanimously to adopt 68A-9.012, Take of Wildlife on Airport Property.

 Mr. Dale is now pursuing similar legislation at the federal level. A pilot for more than 40 years, he now holds his ATP certification, and remains steadfastly committed to excellence in aviation through continuous education and training, and the safe, secure and efficient operation of the airport environment.

He is a loyal friend, a tireless leader, and without question, a truly unique and exemplary aviation professional.

That dedication and can-do spirit was sorely put to the test in January and February of 2010 when Orlando Sanford International Airport became one of the primary receiver airports for evacuees from Haiti in the wake of a devastating earthquake.

 In a three-week period, OSIA received more than 9,500 evacuees on 126 military flights, many arriving during the night and on weekends.

As Incident Commander during Operation Haiti Relief, Larry Dale was able to bring together emergency personnel and resources from throughout the community to provide an efficient and effective around-the-clock response for these incoming passengers.

Throughout the three-week event which severely strained local resources, Mr. Dale was a reassuring and constant presence, from personally greeting incoming flights, providing assistance to elderly passengers and carrying children, to working through our legislators and the military forces in Haiti to locate and retrieve misplaced orphans, to coordinating with Airport Police, TSA, CBP and other local law enforcement personnel to address related security issues, while continuing to function as an international airport.

Again, a tireless leader, an exemplary airport professional.

Airport President Larry Dale on accepting the award thanked the FDOT and noted how blessed he was to have been a part of the Haiti relief effort.

 “There is just no way to explain the feeling when adoptive parents who have been united with their children come to you in gratitude and tell you that you will always be a part of their family. It’s just an incredible feeling.”

Contact: Sanford Airport Authority, Diane Crews, Phone: 407-585-4010, Email: dcrews@OSAA.net

SMPS Central Florida donates $400 to the Haiti Earthquake Relief Fund in Honor of Lee Strickland.

ORLANDO, FL--The donated funds were part of the Chapter’s continued giving efforts. The donations were in honor of Lee Strickland, (top right photo)  a local civil engineer who was one of 230,000 people to perish in the January 12, 2010 earthquake in Haiti.

SMPS Central Florida continually gives to both local and national charities through member donations, chapter donations, and fundraising efforts.

The Society for Marketing Professional Services (SMPS) is the premiere organization of marketing experts for the architecture, engineering, and construction industries, SMPS provides excellent educational resources and networking in an exciting and professional environment.

Contact:  Richelle Siska, CPSM, Marketing Coordinator, Woolpert, 3504 Lake Lynda Drive, Suite 400, Orlando, FL 32817
Direct: 407.591.5038, Office: 407.381.2192
Fax: 407.384.1185, richelle.siska@woolpert.com,  http://www.woolpert.com/
http://www.smpscentralflorida.org/

Supertel Hospitality Reports 2010 Second Quarter Results

NORFOLK, NB– Supertel Hospitality, Inc. (NASDAQ: SPPR), a real estate investment trust (REIT) which owns 111 hotels in 23 states, today announced its results for the second quarter ended June 30, 2010.

Revenues from continuing operations for the 2010 second quarter increased 3.1 percent to $24.7 million, compared to the same year-ago period.

Net loss attributable to common shareholders for the 2010 second quarter was $(4.0) million, or $(0.18) per diluted share, compared to net income attributable to common shareholders of $0.9 million, or $0.04 per diluted share, in the 2009 same quarter, a decline of $4.9 million.

 The decrease was primarily the result of $4.5 million of impairment. Funds from operations (FFO), which includes the impairment expense, for the 2010 second quarter was $(1.5) million, or $(0.07) per diluted share.

For a complete copy of the company's news release and financials, please contact:
Jerry Daly, Carol McCune, Daly Gray, (Media Contact), 703.435.6293
jerry@dalygray.com

National Retail Properties, Inc. Declares Dividend for Its Series C Preferred Stock

ORLANDO, FL, Aug. 13 /PRNewswire-FirstCall/ -- The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a quarterly dividend on its Series C Cumulative Redeemable Preferred Stock of 46.09375 cents per depositary share payable September 15, 2010, to shareholders of record on August 31, 2010. The dividend represents an annualized rate of $1.84375 per depositary share.

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases.

As of June 30, 2010, the company owned 1,014 Investment Properties in 43 states with a gross leasable area of approximately 11.4 million square feet. For more information on the company, visit www.nnnreit.com.

Contact: Kevin B. Habicht, Chief Financial Officer, National Retail Properties, Inc., +1-407-265-7348

Mid-America Apartment Communities, Inc. Announces Nashville Acquisition

 MEMPHIS, TN/PR Newswire-FirstCall/ -- Mid-America Apartment Communities, Inc. (NYSE:MAA) announced today that it has completed the acquisition of Verandas at Sam Ridley (top left photo), an upscale 336-unit gated apartment community located in the Nashville MSA.

Verandas at Sam Ridley was developed in 2009 and is located at the intersection of I-24 and Sam Ridley Parkway.

 Property amenities include large floor plans averaging 1,164 square feet, garages, media and business centers and a pool with outdoor spa. The apartment homes feature stainless finish appliances, crown molding and sunrooms or screened porches.

The property is located in very close proximity to an extensive new retail shopping development and a new regional hospital and health services operation. In addition, the property is minutes away from major employment centers along the I-24 Business Corridor including a Nissan North America manufacturing plant with 4,400 employees.

Commenting on the announcement, Al Campbell, (top right photo)EVP and CFO said, "We are excited to be increasing our presence in the Nashville MSA with its diverse economic base which continues to support strong population growth."

The acquisition, totaling $32 million, was funded by borrowings under existing credit facilities and common stock issuances through MAA's at-the-market program.

 Contact:  Investor Relations of Mid-America Apartment Communities,

+1-901-682-6600, or investor.relations@maac.net
Web Site: http://www.maac.net/

Boardwalk REIT Announces 2nd-Quarter Results

CALGARY, ALBERTA /PRNewswire-FirstCall/ -- Boardwalk Real Estate Investment Trust ("BEI.UN" - TSX),  Boardwalk Real Estate Investment Trust ("Boardwalk", "Boardwalk REIT" or the "Trust")  announced financial results for the second quarter of 2010:

 Funds From Operations ("FFO") per unit down 5.7% and Distributable Income ("DI") per unit down 5.7% compared to the same period last year; and confirmed its August, September, and October 2010 Monthly Distribution of $0.15 per Trust Unit. FFO and DI are non-GAAP measures; the reconciliation to Net Earnings and Total Operating Cash Flows, respectively, can be found in the Management's Discussion and Analysis (MD&A) for the second quarter ended June 30, 2010, under the section titled, "Performance Measures".(1)

(Calgary skyline bottom right photo)

 During the second quarter of 2010, the Trust sold and closed a total of 293 units in Calgary, Alberta; Regina, Saskatchewan; and Montreal, Quebec.

For a complete copy of the company's news release and financials, please contact:

Boardwalk REIT: Sam Kolias, CEO, (403) 531-9255;
Roberto Geremia, President, (403) 531-9255;
 William Wong, CFO, (403) 531-9255

HFF secures $26M refinancing for Back Bay/Fenway area apartments in Boston

 BOSTON, MA – The Boston office of HFF (Holliday Fenoglio Fowler, L.P.)  has arranged a $26 million refinancing for Landmark Square, (bottom right photo) a 132-unit, Class A multi-housing property in Boston’s Back Bay/Fenway area.

HFF senior managing director Bob Herron (top right photo), director Greg LaBine (top left photo)  and senior real estate analyst Porter Terry worked exclusively on behalf of the borrower, The Abbey Group, to secure the fixed-rate loan through Prudential Mortgage Capital Company.

 Loan proceeds are refinancing a maturing loan.

Landmark Square is located at 75 Peterborough Street within walking distance to the Longwood Medical area, Fenway Park and Symphony Hall.

Completed in 2000, the seven-story property has one-, two- and three-bedroom units averaging 984 square feet each. Landmark Square is 96% leased and includes an 89-space underground parking garage.

“Landmark Square was a very attractive transaction to bring to market given its high-quality sponsorship, Class A product, and location on an upscale street within close proximity to several of the city’s most prestigious educational institutions and cultural hubs,” said Herron.

The Abbey Group is a Boston-based commercial real estate developer and owner. The company’s current portfolio includes the Landmark Center mixed-use development, Lafayette Corporate Center and 45 Province.

Contacts:

Robert M. Herron, HFF Senior Managing Director, (617) 338-0990, rherron@hfflp.com

Gregory F. Labine, HFF Director,  (617) 338-0990, glabine@hfflp.com

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

Marcus & Millichap Sells 99-Room Rodeway Inn in Tampa for $1.3M

TAMPA, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Rodeway Inn (top left photo) , a 99 room Hospitality property located in Tampa, FL, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.

 The asset commanded a sales price of $1,300,000.

The buyer, a private investor, was secured and represented by Jaimin P. Patel (middle right photo) , Senior Associate and Niven Patel, (middle left photo)  Senior Associate, investment specialists in Marcus & Millichap’s Tampa office.

Rodeway Inn is located at 4139 E. Busch Blvd.

Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700

 

 

S. Sean Hamilton Named to Vice President Investments in Denver

DENVER, Aug. 12, 2010 – The board of directors of Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named S. Sean Hamilton (lower right photo)  to the position of vice president investments.

The achievement of vice president investment status is one of the highest levels of recognition the firm awards its sales agents.

 It represents excellence in client relationships, investment real estate expertise and sales volume, according to John J. Kerin, president and chief executive officer.

Most recently, Hamilton held the position of senior associate.

Hamilton began his career with Marcus & Millichap in 2001, specializing in multifamily investment sales.

Pontius Promoted to Lead Commercial Leased Investment Specialty Groups for Marcus & Millichap

ENCINO, CA, Aug. 13, 2010 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted Alan N. Pontius (bottom left photo)  to national director of commercial leased investment properties, according to president and chief executive officer, John J. Kerin (lower right  photo) .

In his new position, Pontius will oversee all commercial leased investment property divisions for the firm, including the National Retail Group (NRG).

He will retain his position as national director of the National Office and Industrial Properties Group (NOIPG), which he held for the past nine years. The NOIPG is one of Marcus & Millichap’s fastest-growing specialty groups.

Pontius is based in the firm’s San Francisco office.

“Our national specialty groups, which focus on each major property sector, are set up to deliver optimum services to our clients while developing the skills, tools and communication of our investment professionals,” says Kerin.

“Al is uniquely qualified to continue our expansion and rapid growth in the commercial leased investment arena, given his extensive background as a successful agent, manager and senior executive with the firm and his relationships with major investors nationally.”

In 1985, Pontius began his career with Marcus & Millichap as a sales associate, and in this capacity he consistently ranked among the firm’s top 25 investment specialists. In 1993, he was appointed regional manager of the Palo Alto office, where he led that office to consistently rank among the top offices companywide.

Pontius was promoted to first vice president in 2000 and to senior vice president in 2002. Also in 2002, he was promoted to national director of the NOIPG. He was elected to managing director in 2007.

“I am excited to bring all of our resources as a highly specialized national firm to owners and investors, and help them navigate the market successfully,” says Pontius. “We have great momentum in leased investment sales and have become a leading source of market research and I look forward to building on that track record,” he continues.

Pontius’ industry trade affiliations include ICSC, NAIOP and ULI, where he is regularly called upon to present on U.S. real estate investment trends. He attended San Francisco State University.

Pontius replaces long-time partner Bernard J. Haddigan (lower left photo), a former senior vice president and managing director, who retired from the firm.

Contact: Stacey Corso, Public Relations Manager, 925) 953-1716