JMJ Hospitality Appoints Bernard de Villèle As New President to Lead JMJ’s Expansion Efforts in Middle East

(Palm Island at Dubai)

DALLAS & DUBAI, United Arab Emirates--(BUSINESS WIRE)--JMJ Hospitality has named award-winning hotelièr and entrepreneur Bernard de Villèle (top right photo) as President of the company. Mr. de Villèle will be based in Dubai and will be responsible for all JMJ Hospitality projects including development of hotels and branded residences globally.

“We are pleased to have Bernard join JMJ as he brings a wealth of knowledge and expertise in the ultra-luxury hotel market,” said Timothy Barton, (top left photo) CEO of JMJ Holdings. “As we continue to expand in the Middle East, we need an experienced industry professional on the ground in Dubai to execute and manage our projects.”

Mr. de Villèle has spent three decades serving as a senior executive and in general management capacities with some of the leading global brands including most recently with TAJ Hotels. His background also included stints at Hilton International, Intercontinental, Four Seasons, Rosewood, The Savoy Group, and Orient Express hotels.

Some of the highlights of his career were the opening of the Lanesborough Hotel (photo at left below) in London, the transformation and re-branding of La Samanna hotel in St. Martin French West Indies and the creation of 51 Buckingham Gate (middle right photo) voted by Condé Nast Johansens as the “Most Elegant” London hotel in 2005.

“Tim's intuitive ability to unveil the next global opportunity is legendary and has made him one of the foremost developers in the ultra luxury market,” said Mr. de Villèle. “I am so delighted to be entrusted by him to head JMJ Hospitality and to be a part of this exciting new era for our company.”

JMJ was the first U.S.-based real estate developer to break into the Dubai market. The company is developing the Rosewood Dubai hotel and was recently named developer and brand manager for the Le Diamond Ivana Trump projects, a unique property concept that will span across the Middle East and India.

JMJ also expects to be involved in about 30 additional projects over the next eight years in the Middle East. The rapid growth in the region and high hotel prices has spurred investment and development, largely in Dubai.

“We were really here before the rush,” said Barton, who entered the Dubai market four years ago. “With the dollar weakening, developers and investors are looking to areas where they can get a better return and move quickly. The Gulf region certainly fits that criteria and our relationships with local Dubai officials and investors have allowed us to secure deals where other U.S. developers have not succeeded.”

JMJ Hospitality, based in Dallas, provides global acquisition and development of ultra-luxury hotels, resorts and branded residences. JMJ has produced a number of world-class projects for high-profile clients including the Rosewood Mayakobá and Cabo Pacifica in Mexico. JMJ has received the Five-Star Diamond award by The American Academy of Hospitality Sciences, a distinct honor that is recognized worldwide as a hallmark of excellence in the global travel and luxury services sector.

CONTACT:

Nadya Tume

Phone: 214-722-0818

Email: pr@jmjholdings.com

Hospitalityhttp://www.jmjhospitality.com/

1800 Valley View Lane Suite 150,

LB4USA - Dallas, TX 75234

Phone: 972.385.9934

Fax: 972.241.4484

Email: info@jmjhospitality.com

Marcus & Millichap Recognizes Charles 'Chico' LeClaire as Top Self-Storage Investment Specialist Nationwide

The industry veteran closed approximately $103 million in self-storage investment sales.


ENCINO, CA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named Charles “Chico” LeClaire (top right photo) as its top self-storage investment specialist in 2007. LeClaire, a senior vice president of investments based in Denver, facilitated transactions valued at nearly $103 million.


“We are proud to recognize Chico LeClaire as the firm’s top-ranking self-storage investment specialist,” says Steve Ekovich, (top left photo) national director of the firm’s National Self-Storage Group. “Chico has received this honor every year since the award’s inception in 2003, which reflects his transaction expertise, comprehensive understanding of the national market and dedication to client service.”


LeClaire joined Marcus & Millichap in October 1990 and was promoted to senior vice president of investments in January 2008. His transactions last year included a $32 million self-storage facility portfolio in Oklahoma City; an $18.52 million self-storage facility in San Francisco; and an $8 million self-storage facility in Denver.

Press Contact:

Stacey Corso
Communications Department
(925) 953-1716

Marcus & Millichap's John Glass Ranked Among Company's top Investment Specialists

The industry veteran closed more than $275 million in investment sales last year.

ENCINO, CA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named its top investment specialists for 2007. John Glass (top left photo) in Marcus & Millichap’s San Francisco office ranked No. 10 out of more than 1,300 investment specialists nationwide.

Glass, a senior vice president of investments based in San Francisco, facilitated transactions valued at $275 million last year.

“We are proud to recognize John Glass as one of the firm’s top-ranking investment specialists,” says Harvey E. Green,(top right photo) president and chief executive officer of Marcus & Millichap. “This is John’s second consecutive year ranking among the top 10 investment specialists, which demonstrates his superior transaction expertise, top-notch market knowledge and tireless commitment to client service.”

Glass joined Marcus & Millichap in February 1989 and was promoted to senior vice president of investments in January 2008. He also serves as a senior director of the firm’s National Retail Group. His transactions last year included a $15 million single-tenant net-leased property in Fairfield, Calif.; a $14.9 million single-tenant net-leased property in Dallas; and an $11.77 million single-tenant net-leased property in Joliet, Ill.

Press Contact:

Stacey Corso
Communications Department

(925) 953-1716

Marcus & Millichap Lists 75,071-SF Office Building in Federal Way, WA for $19M

FEDERAL WAY, WA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for Federal Way Center, (above photo) a 75,071-square foot office building in Federal Way. The listing price of $19 million represents $253 per square foot.

Michael Kapnick, a vice president of investments and director of Marcus & Millichap’s National Office and Industrial Properties Group in Portland, is representing the seller, a local investment group.

“Federal Way Center provides an investor with a clear value and a rare opportunity to purchase a Class A office building at an attractive yield and below replacement cost in the No. 1 office market in the country, according to Marcus & Millichap’s 2008 National Office Property Report,” says Kapnick.
Located at 2505 320th St. South, the office building is situated on a 123,069-square foot lot with easy access to Interstate 5.



Due to its strategic location, Federal Way Center features a strong mix of local and national credit tenants on triple-net leases, which has resulted in a stabilized occupancy of nearly 100 percent since 2005.

Tenants include Berry Co. Bell South, Digital Escrow LLC, First Horizon, Prudential NW Association, RL O’Connor, Wells Fargo and Westsound Bank. Nearby retail amenities include Starbucks, Bank of America, Pier 1 Imports, Red Lobster, TJ Maxx and Bally Total Fitness.

Press Contact:

Stacey Corso
Communications Department

(925) 953-1716

Realtors(R) Reach Out to International Buyers

WASHINGTON, DC /PRNewswire-USNewswire/ -- As the falling dollar makes the U.S. second-home market more attractive to international buyers, the National Association of Realtors(R) is joining with the Salon Immobiliario de Madrid, Europe's largest home and resort exposition, to educate potential buyers about U.S. real estate investment options.

More than 100,000 homes are sold to foreigners annually in the international second-home market, particularly to buyers from Europe, North and South America, Africa and the Middle East.

Current valuations of the U.S. dollar against foreign currencies have made U.S. property one of the world's great bargains, and the prestige of owning U.S. property remains high.

"This is our fifth year participating in the SIMA event, which draws investors from more than 50 countries," said Miriam Lowe, (photo at left) NAR's vice president of international affairs. "As the leading advocate for real estate in this country, NAR welcomes this opportunity to educate overseas buyers about the benefits of real estate investment in the United States."

The Florida Association of Realtors(R), the Realtor(R) Association of Greater Miami and the Beaches, and the Sarasota Association of Realtors(R) are joining NAR as sponsors of the SIMA trade show. In a 2007 NAR study, 18 percent of all Realtors(R) surveyed had at least one client involved in an international transaction in the previous year. An additional 14 percent had international prospects that had not yet completed a transaction.

In Florida, the numbers were considerably higher; 65 percent of Realtors(R) in the Sunshine State had foreign clients in the previous year."Fifteen percent of all Florida home sales now involve foreign purchasers," said Lowe. "In part, this interest in the United States stems from the fact that more and more people in different nations recognize the value of owning real property, and our country represents one of the best and safest places to make such an investment," she said.

The SIMA international second-homes exposition takes place April 8-12 in Madrid.

The event attracts resort developers and second-home investors from around the world and features more than 800 trade exhibitors.The National Association of Realtors(R), "The Voice for Real Estate," is America's largest trade association, representing 1.3 million members involved in all aspects of the residential and commercial real estate industries.

Information about NAR is available at www.realtor.org. This and other news releases are posted in the News Media section. Statistical data, tables and surveys also may be found by clicking on Research. First Call Analyst: FCMN

Contact:

National Association of Realtors

Iverson Moore

1-202-383-1290,

imoore@realtors.org

Web Site: http://www.realtor.org/

Grubb & Ellis Healthcare REIT Names Danny Prosky Executive Vice President, Acquisitions

SANTA ANA, CA/PRNewswire/ -- Grubb & Ellis Healthcare REIT, Inc. has announced the promotion of Danny Prosky (top right photo) to Executive Vice President of Acquisitions. Prosky had served as Vice President of Acquisitions since the inception of the REIT's initial public offering in September 2006.

Prosky is responsible for the acquisition, management and potential disposition of healthcare-related real estate assets for Grubb & Ellis Healthcare REIT. He has played a key role in building the existing portfolio of the REIT, which has acquired 27 geographically diverse properties for a total of $513 million as of April 4, 2008.

"Danny Prosky is a talented real estate professional with tremendous depth of experience and long-standing relationships in the healthcare sector that have helped us build a diverse portfolio of healthcare-related properties," said Grubb & Ellis Healthcare REIT Chief Executive Officer Scott D. Peters.(top left photo)

"His expertise has allowed us to establish the REIT as an attractive investment option for thousands of individual investors and tens of thousands of registered representatives. As our equity raise continues to accelerate, Grubb & Ellis Healthcare REIT will rely even more heavily upon Danny as we rapidly expand our presence and acquire investment-grade healthcare properties throughout the United States."

Throughout his 16-year career, Prosky has been responsible for the acquisition of more than 10 million square feet of healthcare-related real estate. In 2007, Prosky was named co-chair of the Medical Office Building and Healthcare Facilities Conference Planning Committee of the Building Owners and Managers Association International.

He had previously served as vice chair of the committee since 2005.Grubb & Ellis Healthcare REIT offers a monthly distribution of 7.25 percent per annum and has sold approximately 26.8 million shares of its common stock, excluding the shares issued under its distribution reinvestment plan, for approximately $268 million as of March 31, 2008.

CONTACT:

Julia McCartney,

+1-714-667-8252, ext. 230,

julia.mccartney@grubb-ellis.com

Web site: http://www.grubb-ellis.com/

Cambridge Chairman Co-Authors Research Paper That Will Be Presented at Annual RERI Research Conference

CHICAGO, IL--A first attempt to establish appropriate risk premiums for alternative investments within the senior housing/healthcare industry will be spelled out for institutional investors in a research paper to be presented during the 2008 Annual Research Conference of the Real Estate Research Institute (RERI) meeting April 29 and 30 at the Hotel Marlowe (above photo) in Cambridge, MA.

Presenting the report will be Elaine Worzala, (top left photo) Professor and Director of the Center for Real Estate Development at Clemson University in Clemson, SC; Cambridge Chairman Jeffrey A. Davis (top right photo); and Judith F. Karofsky, President of Real Estate Insites, LLC of Madison, WI. The risk premiums established by the research team are based on the financial and regulatory characteristics of the alternative investments, Mr. Davis said.

He said the research examines the rapid development over the last 15 years of the senior housing market as a hybrid real estate investment incorporating the characteristics of multifamily, hotel and medical office property investments. Risk premiums for independent living, assisted living, skilled nursing homes and continuing care retirement communities are established in the report.

Mr. Davis said the specific findings of the research will include clear definitions of the alternative sub-sectors within the senior housing marketplace. The report will include an analysis of the various risks associated with investing in alternative senior housing investments, and will provide a snapshot view of current performance data on the various investment opportunities. Also included will be results of a survey of plan sponsors conducted by the Pension Real Estate Association.

Additional information on the RERI conference is available online at http://www.reri.org/. Phone: 860-692-6341.

About Cambridge Realty Capital Companies:

Privately owned since its founding in 1983 as a real estate investment banker specializing in commercial real estate properties, Cambridge emerged in the 1990s as one of the nation’s leading senior housing and healthcare debt and equity capital providers, closing more than 300 such transactions totaling more than $2.75 billion since then.

The company has a regional office in New York, affiliate office in Los Angeles, and correspondent relationships nationwide. The firm also has established key origination relationships and a dozen or more Internet-based strategies.

Cambridge’s award-winning Web site, www.cambridgecap.com, provides monthly rate updates for its debt and equity capital programs. The company also publishes the bi-monthly e-PULSE electronic newsletter, which delivers company news and feature stories via e-mail to corporate friends and clients.

For additional information, contact Cambridge at (312) 357-1601 or via e-mail at info@cambridgecap.com.

Contact:

Evan Washington

Phone: (312) 521-7603

Fax: (312) 357-1611E-

ew@cambridgecap.com

Marcus & Millichap Lists 223-Unit Apartment Community in Roseville, CA for $35.68M

ROSEVILLE, CA-– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for Venu at Galleria, (photo above) a 223-unit multi-family community in Roseville. The listing price of $35.68 million represents $160,000 per unit.

Kenneth Blomsterberg, a vice president of investments in the Sacramento office of Marcus & Millichap, and Jesse Nickerman, an investment specialist in the firm’s Sacramento office, are representing the seller, Villas at Galleria LP.

“Venu at Galleria is a recently constructed multi-family community featuring design in a highly desirable rental market with tremendous job growth and diversity in employers,” says Blomsterberg.

“With its single and multi-level floor plans ranging from 600 to more than 1,700 square feet, Venu of Galleria boasts unique floor plans with a prime location, modern design and luxury combined with the best shopping, dining and entertainment Roseville has to offer,” added Nickerman.

Located at 301 Gibson Drive, the apartment community consists of 26 two- and three-story buildings situated on approximately 12 acres within walking distance of the Galleria Mall. (top left photo) The property is near the intersection of Highway 65 and Interstate 80 and directly across from the site of the planned Placer County Convention Center and Embassy Suites Hotel.

Built in 2003, Venu at Galleria features a strong mix of studios, one-, two- and three-bedroom units with 15 distinct floor plans. Unit amenities include nine-foot ceilings, decorative ceiling fans, designer, color-coded interiors, custom wood cabinets, large pantries, Roman soaking tubs and spacious patios/balconies.(Roseville, CA Civic Center photo at right)

Gas burning fireplaces and attached garages are available in select floor plans. Community amenities include a resort-style swimming pool and spa, fitness center, lounge, business center, interactive game room/movie theater, personal concierge services and in-house spa.

Press Contact:

Stacey Corso
Communications Department
(925) 953-1716

NAI Realvest Negotiates $920,000 Sale Price for 7,800 SF Industrial Building in Sanford, FL

ORLANDO, FL --- NAI Realvest has negotiated the sale of a 7,800 square foot industrial building on a .51-acre tract at 30 Keyes Court in Sanford for $910,000.00.

NAI Realvest Principal Michael Heidrich negotiated the transaction representing the seller of the 10-year-old building, RNB Holdings, LLC of
Sanford. The buyer is Emver, LLC an Orlando investment company.

For more information, please contact:

Michael Heidrich, Principal NAI Realvest, 407-875-9989 or

Janice Paiano, Marketing Director, NAI Realvest, 407-875-9989 or

Beth Payan or Larry Vershel, LV Communications, Inc. 407-644-4142