Marcus & Millichap Reports Investor Sentiment Index Reaches New Record High

Hessam Nadji

CALABASAS, CA,  April 15, 2013 – Exclusive research by Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, reveals that investor sentiment for the commercial property sector reached an all-time high in the first quarter of 2013.

The NREI/Marcus & Millichap Investor Sentiment Index, based on a quarterly survey conducted in partnership with National Real Estate Investor magazine since 2004, rose to a record high of 174 in the first quarter of 2013 — up 3 points over the previous quarter.

William Hughes

This improved outlook is based on a combination of low interest rates and improving market fundamentals, two important factors that continue to drive demand for real estate.

“Investor confidence in commercial real estate continues to climb to new heights,” says Hessam Nadji, senior vice president and managing director at Marcus & Millichap. “This is great news for the industry, and it is even better news for the broader U.S. economy, as we know that the Investor Sentiment Index has proved to be a very accurate foreteller of economic direction.”

The survey confirmed that the low-interest-rate environment and better access to capital are key factors fueling investment sales activity.

 “Investors are taking advantage of low interest rates, increasing their cadre of debt and equity sources to refinance holdings and acquire new assets,” says Bill Hughes, senior vice president and managing director of Marcus & Millichap Capital Corp.

            Marcus & Millichap’s Research Department produces more than 800 reports annually, and is considered a leading source for the latest, authoritative industry information. A copy of the Q1 2013 Investor Sentiment Survey is accessible online at:

https://www.marcusmillichap.com/services/research/webreports/National/InvestorSentiment.aspx.

 For a complete copy of the company’s news release, please contact:

Ben Johnson

 Marketing Director

 Marcus & Millichap

2999 Oak Road

Suite 210

Walnut Creek, CA 94597

 (925) 953-1700 ext. 1736

(925) 953-1710 fax

(925) 270-9079 cell

ben.johnson@marcusmillichap.com

 Follow us at http://www.Twitter.com/mmreis

www.MarcusMillichap.com

HFF announces the sale of 181 Fremont Street in downtown San Francisco, CA

                             181 Fremont Street office tower, San Francisco, CA

 SAN FRANCISCO, CA – HFF announced today that it has closed the sale of 181 Fremont Street, a fully-entitled Class A+ office and luxury condominium development site in downtown San Francisco, California.

Gerry Rohm

                HFF marketed the site on behalf of the seller, a joint venture between SKS Investments and an institutional investor.  Jay Paul Company, one of the West Coast’s leading real estate development firms, purchased the site for an undisclosed amount.

                The site is situated on .35 acres in San Francisco’s South Financial District immediately adjacent and connected to the new Transbay Transit Center, referred to as the “Grand Central Station of the West Coast”. 

Michael Leggett

The proposed 54-story, LEED Gold property will total 684,000 square feet of office space and luxury residential condominiums.  The office portion will occupy floors three through 36 of the tower and the residential portion of the tower will consist of 74 units situated on floors 39 through 52.

 Residential amenities will include a fitness center, owner’s lounge and an external balcony on the 37th floor providing 360 degree views of the Bay Area.  The property will also feature a five-level subterranean parking garage.

Holden Lim

The HFF team representing the seller was led by senior managing directors Gerry Rohm, Michael Leggett, managing director Holden Lim, director Dave Karol and associate director Mark Damiani.

                “The tower’s innovative architecture, environmentally conscious design and irreplaceable CBD location will provide a generational opportunity to develop one of the premier high-rise office and residential towers in the United States,” said Rohm. 

Dave Karol

Founded in 1992, SKS Investments is an investor, developer and advisor of commercial real estate properties in the western United States. The firm has owned, entitled and developed more than six million square feet in The Bay Area, 2.5 million square feet of which is in San Francisco. SKS has consistently identified emerging demographic and market trends in advance of other market participants.

Jay Paul Company is a privately held, opportunity-driven real estate firm based in San Francisco, CA.  Founded in 1975, the company concentrates on the acquisition, development and management of prime commercial properties throughout California. 

Mark Damiani

By blending the skills and expertise of its talented management team, Jay Paul Company has successfully developed more than eight million square feet of institutional-quality real estate while consistently generating attractive returns and enhancing value for its investment and development partners.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Associate Director

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

krmurphy@hfflp.com

 www.jaypaul.com.

Emerson International negotiates lease agreement at CenterPointe Office Park in Altamonte Springs, FL

                                

                                        CenterPointe Office Park, Altamonte Springs, FL

Altamonte Springs, Fla. --- Emerson International recently negotiated a new lease agreement at CenterPointe Office Park,  off E. Central Parkway in Altamonte Springs.

Zac Starkey

Zac Starkey, commercial leasing associate at Emerson International, negotiated the lease representing the landlord/developer Emerson International.    The new tenant Universal Outsourcing leased 806 square feet of office space.

For a complete copy of the company’s news release, please contact:

 Zac Starkey, Commercial Associate, Emerson International, Inc. 407-834-9560; zstarkey@emerson-us.com

Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142 Lvershelco@aol.com

ZipRealty’s New Report Provides Real-Time Analysis of Real Estate Market

Lanny Baker

EMERYVILLE, CA,  April 15, 2013 – ZipRealty, Inc. (http://www.ziprealty.com) (NASDAQ: ZIPR), the leading online residential real estate brokerage and technology provider, has released its first Housing Trends Report, according to CEO and President Lanny Baker.

The twice-monthly report provides a comprehensive analysis of 24 major real estate markets served by ZipRealty. As the firm continues to expand in other areas through its Powered by Zip network, additional metropolitan areas will be added to the report, says Mr. Baker. Fresh, new data will be added to the report in the middle and at the end of each month.

 According to the debut edition of the ZipRealty Housing Trends Report, median home prices in the cities examined increased 14.6% to $242,519 on a year-over-year basis, with the highest gains in San Francisco, where home prices shot up 38% as of March 15, 2013. 

Golden Gate Bridge, San Francisco, CA

Real estate prices in both Las Vegas and Phoenix jumped 31% during the same period.

Total housing inventory in the 24 metropolitan areas declined 34% as of March 15, 2013, as did the level of distressed home sales. The report shows 35% of the homes sold in the 2012 period were either foreclosures, short sales or REOs, compared to only 23% of the homes in 2013, a decline of 12 percentage points in the prevalence of distressed property sales.

 For a complete copy of the company’s news release, please contact:

Stacey Corso

Public Relations Manager

ZipRealty, Inc.

Office: 510.735.2667

Cell: 415.672.6460

www.ziprealty.com

Follow us on Twitter: @ZipRealty

Capital Square Realty Advisors Completes DST Offering Near Milwaukee, WI

                             

       
                                     Riverwood Corporate Center, Pewaukee, WI
 

MILWAUKEE, WI (April 15, 2013) – Capital Square Realty Advisors, LLC announced today that their first Delaware Statutory Trust (DST) investment offering, Riverwood Corporate Center, a Class A, 112,000-square-foot office building in the Milwaukee suburb of Pewaukee, Wis., has been fully subscribed by investors. The property was purchased in December 2012.

Louis J. Rogers

Capital Square provides institutional quality real estate investments for high net worth investors seeking replacement property for Section 1031 exchanges and regular cash investments. The company uses the DST structure to syndicate properties in smaller units for acquisition by qualified, high net worth investors.

“Riverwood Corporate Center is a mission critical, institutional quality building that is 100 percent leased by ProHealth Care Inc., a regional healthcare provider highly rated by both Moody’s and Standard & Poor’s, on a long-term, triple net basis,” said Louis Rogers, founder and chief executive officer of Capital Square.

 “In searching for replacement properties for our investors, we look for attributes such as these, with the goal of providing high quality investments with the potential for meaningful returns.”

Located at N17 W24100 Riverwood Drive, Riverwood Corporate Center is a four-story Class A building constructed as a build-to-suit for ProHealth Care’s corporate headquarters and mission critical 24-hour data center. 

The office serves three hospitals, 17 clinics and 11 other facilities through a network of nearly 1,000 physicians and 5,000 employees.

“Riverwood is the first of what we expect to be many DST programs launched by Capital Square Realty Advisors and fully subscribed by our investors,” said Rogers. 

“There is significant and growing demand for high quality investment programs, particularly among aging baby boomers seeking to defer capital gains taxes while continuing to benefit from the income derived from professionally managed commercial real estate programs.”

 For a complete copy of the company’s news release, please contact:

Jill Swartz                                                                            

Spotlight Marketing Communications                    

949.427.5172, ext. 701 – office                                    

949.485.1552 – cell                                                                                            

jill@spotlightmarcom.com

                         

IDI Secures More Than 2 Million Square Feet of Leases in Q1

                                    Middlesex Center Building II, Philadelphia, PA

ATLANTA, GA – IDI, a leading full-service industrial real estate company based in Atlanta, announced today it surpassed 2 million square feet (2,566,084 square feet) in leasing since January 2013.

Tim Gunter

New leasing activity occurred in eight U.S. markets this year, with the largest lease in Philadelphia at Middlesex Center Building II totaling 751,450 square feet.

 “Our 2013 numbers for leases are promising, with this being one of the strongest quarters in IDI’s history,” said Tim Gunter, IDI’s President and Chief Executive Officer.

“More importantly, we believe this marks hard proof of a resurgence in our industry. Every region is seeing activity and IDI is motivated to continue to be an industrial leader and grow our portfolio all while providing our customers with quality buildings that offer long-term value.”

Bollingbrook West II, Bollingbrook, IL

 The Memphis market, which was IDI’s most active market in 2012, continued that trend in the first part of 2013 with two industrial property leases totaling 788,148 square feet. 

Trane U.S., Inc. renewed its 373,644-square-foot lease at the Stateline H facility while The TJX Companies, Inc. signed a new 414,504-square-foot lease at Chickasaw D.

 Focusing on a wide range of industrial real estate services from investments to property management, IDI has also seen success in other markets such as Atlanta, Chicago, Cincinnati, Dallas, Ft. Lauderdale and Los Angeles.

Rock Run VI Business Park, South Chicago, IL

Several of these markets saw 100 percent lease-up at industrial facilities with tenants like Art Van Furniture at Bolingbrook West II in Illinois, Petco Animal Supplies Store, Inc. at Rock Run VI south of Chicago and a specialty retailer of high-quality products for the home at Middlesex Center Building II in Philadelphia.

 Currently, IDI has nearly 7 million square feet under development in nine states and has been the first to market with new inventory space in several cities, taking the lead as the industry moves out of the recession.

 For a complete copy of the company’s news release, please contact:

Matt Scofield

Jackson Spalding for IDI

404-214-3554

mscofield@jacksonspalding.com

Colleen Murphy

Jackson Spalding for IDI

404-214-0934

cmurphy@jacksonspalding.com

Bank Repos Surpass 200,000 In South Florida Since Crash Of 2007

Peter Zalewski

MIAMI, FL  - South Florida,  the epicenter of Florida's highrise condo crash - has surpassed 200,000 foreclosure repossessions in the tricounty region of Miami-Dade, Broward, and Palm Beach since the real estate crash began in 2007, according to a new report from CondoVultures.com.

The South Florida region eclipsed the 200,000-properties milestone in the the first quarter of 2013 when lenders repossessed - or used the state courts to force the foreclosure sales of - nearly 9,200 properties between January and March of this year, according to an analysis based on Clerk of the Court records in Miami-Dade, Broward, and Palm Beach counties.

"Foreclosure repossessions - which come about after a lengthy judicial process in Florida - are occurring at a rate of about 100 properties per calendar day in South Florida in 2013," said Peter Zalewski, a principal with the Greater Downtown Miami-based real estate consultancy Condo Vultures® LLC.

"Contrast this with an average of more than 150 notices of default - the first step in the foreclosure process - being initiated daily in South Florida in the first quarter of 2013.

“Given the current South Florida market conditions, foreclosure repossessions are likely to be an issue for the foreseeable future unless lenders - some of which are operating under the recently negotiated National Mortgage Settlement Agreement - make a concerted effort to find alternative solutions for borrowers in default."

CondoVultures.com is scheduled to profile condo trends in the first quarter of 2013 in the 10 largest coastal markets in the tricounty South Florida region of Miami-Dade, Broward, and Palm Beach counties beginning the week of April 15, 2013.

 For a complete copy of the company’s news release, please contact:

Condo Vultures® LLC

225 Midtown Building

225 NE 34th St., Suite 209B,

Downtown Miami, Florida, 33137.

800-750-0517.

Arbor Expands CMBS Lending Platform with Appointment of Three Industry Veterans

Barbara Duka

UNIONDALE, NY (April 15, 2013) - Arbor Commercial Mortgage, LLC (“Arbor”) today announced the second phase expansion and development of its CMBS and Syndication platform with the addition of three industry veterans, Barbara Duka, Peter S. Ginsberg and Richard Bianchi, who have each been appointed Senior Vice President in Arbor’s New York City office.

“Each of these executives brings to Arbor’s newly enhanced CMBS and Syndication business complementary expertise and perspective as well as extensive product knowledge, key industry relationships and market experience throughout all investment cycles,” said Todd Hirsch, Arbor’s Executive Vice President and Head of CMBS Finance and Distribution.

Peter S. Ginsberg

“As we continue to expand our platform, their unique expertise will help us provide our clients with the most competitive, flexible and comprehensive financing products available throughout the capital structure.

“As we continue to grow our team and infrastructure and look to add CMBS origination staff and quantitative support, we will focus on delivering personalized, client-based solutions across this constantly evolving and dynamic commercial real estate finance market.”

Ms. Duka and Mr. Ginsberg will report directly to Mr. Hirsch, and Mr. Bianchi and Mr. Charneski will report directly to Mr. Ginsberg.

Richard Bianchi

Barbara Duka joins Arbor as a Senior Vice President of CMBS and Syndication Credit. Ms. Duka will work closely with Mr. Hirsch in driving the expansion of the CMBS business at Arbor.  Ms. Duka will play a leading role in the credit approval process, the structuring and pricing of loans and the execution of the loans. 

Peter S. Ginsberg joins Arbor as a Senior Vice President of CMBS Origination and Syndication.  In his role, Mr. Ginsberg will oversee the operational management for both businesses and be responsible for building out a market-leading loan syndication platform.  

Todd Hirsch

Mr. Richard Bianchi joins Arbor as Senior Vice President of CMBS Loan Originations and will be responsible for assisting in the growth of a direct CMBS commercial real estate lending practice at Arbor. 

Additionally, Arbor has also appointed Joseph Charneski to its CMBS business unit in order to enhance the integration of CMBS and Syndication into the existing Arbor loan product infrastructure. Mr. Charneski joined Arbor in June 2008 as a Fannie Mae DUS® Multifamily underwriter and most recently served as Vice President of Sales Operations.

For a complete copy of the company’s news release, please contact:

 Christopher Ostrowski,

costrowski@arbor.com

National Retail Properties Announces Common Dividend

Orlando, FL, April 15, 2013 - The Board of Directors of National Retail Properties, Inc. (NYSE: NNN), a real estate investment trust, declared a quarterly dividend of 39.5 cents per share payable May 15, 2013 to common shareholders of record on April 30, 2013.

The dividend represents an annualized rate of $1.58 per share.  National Retail Properties is one of only four publicly traded REITs and 104 publicly traded companies in America to have increased annual dividends for 23 or more consecutive years.

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases. As of December 31, 2012, the company owned 1,622 Investment Properties in 47 states with a gross leasable area of approximately 19.2 million square feet.

 For more information on the company, visit www.nnnreit.com.

For a complete copy of the company’s news release, please contact:

Client Support

1-800-326-5897 or

email: cmClientsupport@wellsfargo.com.

National Retail Properties Prices Senior Unsecured Notes

ORLANDO, FL– National Retail Properties, Inc. (NYSE: NNN) (the “Company”) announced that it has priced its public offering of $350 million of 3.30% senior unsecured notes due April 15, 2023. 

The notes were offered at 99.259% of the principal amount with a yield to maturity of 3.388%.  Interest on the notes will be payable semi-annually on April 15 and October 15, commencing October 15, 2013.  The offering is expected to close on April 15, 2013, subject to customary closing conditions. 

The Company intends to use the net proceeds from the offering to repay outstanding indebtedness under its credit facility, to fund future property acquisitions and for general corporate purposes. 

For a complete copy of the company’s news release, please contact:

Client Support

1-800-326-5897 or

email: cmClientsupport@wellsfargo.com.