Capital Commercial real Estate Group Inc. Arranges Sale of 6,700-SF Retail Center in Pembroke Pines, FL

HALLANDALE, FL, Aug. 4, 2010 – Capital Commercial Real Estate Group, Inc. ("Capital Commercial") announces the closing of the Taft Retail Center, (top left photo)  a 6,700 square foot retail strip center located at 1591 NW 77th Way in Pembroke Pines, Florida.

Capital Commercial exclusively represented and negotiated the $734,000.00 sale on behalf of the owner, a local private trust.

 The purchaser was a foreign private investor that financed the acquisition through a local bank.

Situated just off University Drive on the corner of Taft Street and 77th Way the in the heart of Pembroke Pines, the Taft Retail Center benefits from its frontage and visibility on Taft Street and its proximity to the numerous surrounding residential developments.

Built in 1973, the center has been exceptionally well maintained, and is 100% leased to three long-term tenants - Taft Market & Deli, Angie’s Pet Spa & Boutique, and Bitter Blue Lawn & Garden.

"This is another example of Capital Commercial’s ability to successfully market and negotiate the sale of commercial property in a challenging real estate market. By matching a 1031 exchange buyer with a stabilized investment in a great location, we were able to fulfill the needs of both buyer and seller”, said Julie Abolafia, Commercial Investment Specialist with Capital Commercial.

Capital Commercial Real Estate Group, Inc. ("Capital Commercial") is a commercial real estate brokerage firm based out of Hallandale, Florida.

 Specializing in the acquisition and disposition of commercial properties and businesses, the firm has over 300 listings and over 5,000,000 square feet of commercial offerings in inventory.

 Capital Commercial has over 50 full-time commercial real estate

agents, ten support staff members, a full-time sales manager, a Florida Certified General Contractor, and a Certified Public Accountant.

Agents of the firm have completed over a billion of dollars in commercial real estate transactions.

For additional information about our firm, please visit our website at: http://www.capitalcomgroup.com/.

Contact:
Contact: Julie Abolafia, Commercial Investment Specialist, (954) 455-3366 ext. 270

juliea@capitalcomgroup.com

Capital Commercial Real Estate Group, Inc., 221 W. Hallandale Beach Boulevard, Hallandale Beach, Florida 33009, Phone: (954) 455-3366, Fax: (954) 455-3330,

Michael Miller Joins Grubb & Ellis Landauer Appraisal & Valuation as Senior Managing Director, Texas

SANTA ANA, CA – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm,  announced that 26-year veteran Michael Miller, MAI, has joined Grubb & Ellis Landauer Appraisal & Valuation as senior managing director, Texas.

 He will be responsible for business development and expansion throughout Texas, as well as serving financial institutions and corporate clients seeking valuation services. He will also oversee appraisal professionals in the state.

In June, Grubb & Ellis announced it was launching a national appraisal business and reinvigorating the Landauer brand under the leadership of industry veterans Douglas W. Haney and Eduardo Alegre.

 In addition to Miller, the company has hired Michael Mason, MAI, as managing director, Los Angeles, and expects to have regional leaders and appraisers in place in six markets by Sept. 1, the day the company officially opens for business.

 Long-term, Grubb & Ellis Landauer Appraisal & Valuation expects to have a presence in every key market and between 250 and 350 full-time appraisers.

Grubb & Ellis Facilitates Sale of Courtyard by Marriott Anaheim Hotel at Disneyland for $25M

LOS ANGELES, CA  (Aug. 4, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that Jordan Richman, senior vice president and a member of the company’s Hotels, Golf & Leisure practice group, in conjunction with Felix Cacciato of Hotel Equity Advisers, represented both parties in the sale of the Courtyard by Marriott Anaheim Hotel (middle left photo) at Disneyland.

Tarsadia Hotels sold the asset to Chesapeake Lodging Trust, an Annapolis, Md.-based REIT, for $25 million.

“This hotel is excellently located near many attractions, including Disneyland and Angels Stadium (middle right photo),” said Richman.

“It’s located in an area with high barriers to entry and is an outstanding acquisition for the Chesapeake REIT. We are pleased to have represented both parties in the sale.”

Located at 2045 S. Harbor Blvd., Anaheim, the 153-room, four-story interior corridor hotel opened in 2006.

It is situated on 2.3 acres of land next to the Anaheim Convention Center and across from Disneyland Resort.

The property includes a high-end restaurant, Ruth’s Chris Steak House, fitness center, and indoor and outdoor pools. Tarsadia will continue to manage the hotel.

The sale is part of a two-property portfolio that included the sale of the Hilton Checkers Hotel (bottom left  photo) in Los Angeles for $46 million in June, which was also facilitated by Richman and Cacciato.

 Chesapeake purchased the portfolio using proceeds from the company’s initial public offering, completed in January.

Contact: Julia McCartney, Phone: 714.975.2230, Email: julia.mccartney@grubb-ellis.com

Second Quarter 2010 Operating Results Announced by National Retail Properties, Inc.

ORLANDO, Fla., Aug. 4 /PRNewswire-FirstCall/ -- National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, today announced operating results for the quarter and six months ended June 30, 2010.

Highlights include:

NNN paid cash dividends to its common stockholders of $0.375 per share during the quarter and $0.75 for the six months ended June 30, 2010.

Investment Portfolio occupancy was 97.3% at June 30, 2010, as compared to 96.4% at December 31, 2009, and 96.7% at June 30, 2009.

Investments and Dispositions for the quarter ended June 30, 2010:

Investments:

$26.2 million in the Investment Portfolio, including acquiring six properties with an aggregate 33,000 square feet of gross leasable area

Dispositions:

Six Investment properties with an aggregate 57,000 square feet of gross leasable area, with net proceeds of $4.6 million, resulting in a gain of $355,000

Three Inventory properties with net proceeds of $42.0 million

Investments and Dispositions for the six months ended June 30, 2010:

Investments:

$38.6 million in the Investment Portfolio, including acquiring 10 properties with an aggregate 97,000 square feet of gross leasable area

Dispositions:

11 Investment properties with an aggregate 71,000 square feet of gross leasable area, with net proceeds of $11.4 million, resulting in a gain of $377,000

Four Inventory properties with net proceeds of $42.8 million

Capital transactions for the quarter ended June 30, 2010:

Issued 58,215 shares of common stock generating $1,310,000 of net proceeds pursuant to the Dividend Reinvestment and Stock Purchase Plan

For a complete copy of the company's news release and financials, please contact Kevin B. Habicht, Chief Financial Officer of National Retail Properties, Inc., +1-407-265-7348 or investorrelations@nnnreit.com.