LoopNet Extends Commanding Lead Among Commercial Real Estate Web Sites

---LoopNet.com Generated 7.1 Times the Traffic of the Nearest Competitor for the Three Months Ended September 2008

-- Cityfeet.com Surpasses Competition to Become the Second Most Heavily Trafficked Commercial Real Estate Web Site in September

SAN FRANCISCO, Oct. 28 /PRNewswire-FirstCall/ -- LoopNet, Inc. (NASDAQ: LOOP), which operates the largest online commercial real estate marketplace, has increased its leadership position as the most heavily trafficked commercial real estate web site.

ComScore Media Metrix reported that for the three months ended September 30, 2008, LoopNet.com generated an average 908,000 monthly U.S. unique visitors, compared to an average 128,000 monthly U.S. unique visitors for the nearest competing web site.

By this measure, LoopNet generated 7.1 times the web site traffic of the next closest service during the quarter, a lead that has been increasing steadily. LoopNet's 7.1 times traffic multiple in Q3 compares to a 5.6 multiple in Q2 and a 4.5 multiple for the full year 2007.

ComScore also reported that for the month of September, Cityfeet.com, a LoopNet company, grew traffic by more than 30% from last year to become the second most heavily visited commercial real estate web site based on U.S. monthly unique visitors.

Cityfeet has created the largest network of newspaper web sites for commercial property marketing by partnering with over 125 of the nation's leading news organizations.

Cityfeet also markets commercial properties on its own search-optimized web site at Cityfeet.com."ComScore's numbers speak for themselves and clearly reflect the differentiated value that we deliver to our customers," said Thomas Byrne, (top right photo) LoopNet's President and COO.

"In a challenging environment for commercial real estate, LoopNet is extending its leadership position as the #1 online commercial real estate marketplace, and is delivering unprecedented value and results for our customers' online marketing spend.

(BellAtlantic Tower, Philadelphia, bottom right photo)

"We are also excited that Cityfeet.com has become the second most visited web site in the commercial real estate industry.

"By offering real estate professionals the opportunity to market their properties on their network of leading newspaper web sites such as The New York Times, The Washington Post, Los Angeles Times, The Miami Herald and Chicago Tribune, Cityfeet provides access to a broad and extensive audience of prospective investors and tenants."

The LoopNet marketplace, available at http://www.loopnet.com/, covers all commercial property categories, including office, industrial, retail, multifamily (apartment properties for sale), hotel, land, specialty properties, investment properties and businesses for sale.

As of the end of Q3, 2008, LoopNet has more than 3 million registered members and the LoopNet marketplace features more than $535 billion of property available for sale and 4.9 billion square feet of space for lease.

CONTACT:

Cary Brazeman, +1-310-205-3590, pr@LoopNet.com, for LoopNet,Inc.

Web Site: http://www.loopnet.com/

MBA Presents Investing in Communities Award to HOPE NOW Executive Director Faith Schwartz

SAN FRANCISCO, CA- - The Mortgage Bankers Association (MBA) has awarded Faith A. Schwartz, (top right photo) Executive Director of the HOPE NOW Alliance with the sixth annual MBA Investing in Communities Award during MBA's 95th Annual Convention & Expo in San Francisco.

"Faith serves a shining beacon to many troubled mortgage borrowers through her extraordinary leadership of the HOPE NOW Alliance," said MBA's Chairman, David G. Kittle, (top left photo) CMB.

"Since HOPE NOW's inception in October 2007, Faith's vision and expertise has given HOPE NOW and the lending community the breadth to assist more than two million borrowers in avoiding foreclosure through various outreach strategies and partnering efforts."

Since it began one year ago, HOPE NOW has reported that mortgage servicers have helped nearly 2.3 million homeowners avoid foreclosure.

Under Faith's leadership, HOPE NOW has initiated outreach to millions of at-risk homeowners, helping connect them with their loan servicer either directly or through the HOPE Hotline, 1-888-995-HOPE.

HOPE NOW has also hosted more than two dozen homeownership events in communities across the country so that troubled borrowers have the opportunity to directly connect with a housing counselor or their mortgage servicer.

Kittle says "Faith has a proven track record in nearly every aspect of the mortgage lending industry including legal, communications, and government and community relations sectors. She continues to contribute her leadership abilities as the President-elect of Women in Housing and Finance."

HOPE NOW is an alliance of counselors, mortgage market participants, and mortgage servicers that is working to help as many homeowners as possible avoid foreclosure and stay in their homes. For more information, including a full list of members, go to http://www.hopenow.com/.

CONTACT: Aleis Stokes, (202) 557-2741, astokes@mortgagebankers.org

Orange County, FL Comptroller Martha Haynie Wins Highest Prize in Financial Reporting for 26th Straight Year

ORLANDO, FL -- The Certificate of Achievement for Excellence in Financial Reporting has been awarded to the Orange County Comptroller, Martha O. Haynie, (top right photo) by the Government Finance Officers Association of the United States and Canada (GFOA) for
Orange County’s comprehensive annual financial report (CAFR) for the 2006-2007 fiscal year.

The Certificate of Achievement is the highest form of recognition in the area of governmental accounting and financial reporting, and its attainment represents a significant accomplishment by a government and its management.

This is the 26th straight year that the Comptroller has received this award for Orange County.

The CAFR has been judged by an impartial panel to meet the high standards of the program including demonstrating a constructive “spirit of full disclosure” to clearly communicate its financial story and motivate potential users and user groups to read the CAFR.

The GFOA is a nonprofit professional association serving 17,000 government finance professionals with offices in Chicago, Illinois, and Washington, D.C.

CONTACT:

Joan Randolph, Executive Assistant, Comptroller's Administration, 201 S. Rosalind Avenue Orlando, Florida, 32801. Tele: 407-836-598. Fax: 407-836-5599. Joan.Randolph@occompt.com

Davidson Hotel Co. Promotes Cyndi Norwood to Manager-Corporate Marketing, Communication and Promotion

MEMPHIS, TN, Oct. 28, 2008—Davidson Hotel Company (DHC), one of the nation’s largest hotel management companies, today announced that Cyndi Norwood (top left photo) has been promoted to manager-corporate marketing, communications and promotion.

In her new role, Norwood is responsible for all external communications, including coordinating the production of press releases, media interaction, e-blasts and collateral materials. Additionally, she maintains DHC’s external website, as well as provides property-level support to the company’s 34 hotels nationwide.

“Cyndi has been an integral part of the Davidson team since the company began and has been instrumental in our growth from a small regional management company to a national owner/operator with properties from coast to coast,” said John A. Belden, (bottom right photo) Davidson’s president and chief executive officer. “Her media and public relations skills have grown tremendously over the years, and this promotion recognizes her professionalism, dedication and the many contributions she has made.”

A nearly 25-year hospitality veteran, Norwood began her career with Davidson as an administrative assistant. Since then, she has held a variety positions of increasing scope and responsibility, most recently serving as corporate sales assistant. Norwood received a degree in Business from Northwest University.

CONTACTS:

Cyndi Norwood, Davidson Hotel Company (901) 821- 4155 cnorwood@davidsonhotels.com

Jerry Daly, Patrick Daly (media), Daly Gray Public Relations, (703) 435-6293 jerry@dalygray.com

patrick@dalygray.com

National Trend of Home Price Declines Continues into the Second Half of 2008 According to the S&P/Case-Shiller Home Price Indices

NEW YORK, Oct. 28, 2008 – Data through August 2008, released today by Standard & Poor’s for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, shows continued broad based declines in the prices of existing single family homes across the United States, a trend that prevailed throughout the first half of 2008 and has continued into the second half.

The chart below depicts the annual returns of the 10-City Composite and the 20-City Composite Home Price Indices. Once again, the indices have set new records, with annual declines of 17.7% and 16.6%, respectively. However, the acceleration in decline was only moderate in August.

The July data reported annual declines of 17.5% and 16.3%, respectively.

“The downturn in residential real estate prices continued, with very few bright spots in the data,” says David M. Blitzer, (top right photo) Chairman of the Index Committee at Standard & Poor’s.

“The 10-City Composite and the 20-City Composite reported record 12-month declines. Furthermore, for the fifth (5th) straight month, every region reported negative annual returns.

'This started when Charlotte, NC, was the last region to turn negative back in April 2008. Both the 10-City and 20-City Composites have been in year-over-year decline for 20 consecutive months.

"Of the 20 regions, 13 of them had their annual returns worsen from last month’s report. As seen throughout 2008, the Sun Belt markets are being hit the most. Phoenix and Las Vegas are both reporting annual declines in excess of 30%, and Miami, San Francisco, Los Angeles and San Diego are all in excess of 25%.”

The table below summarizes the results for August 2008.
1 Case-Shiller® and Case-Shiller Indexes® are registered trademarks of Fiserv, Inc.

Nine of the 20 regions have record annual declines. Phoenix and Las Vegas are now returning -30.7% and -30.6% versus August 2007, respectively. Each of the California markets- Los Angeles, San Francisco, and San Diego- are down more than 25% from their values 12 months ago. Miami and Tampa, the two Florida markets, are down 28.1% and 18.1%, respectively.

For the August/July period only 2 regions, Cleveland and Boston, had positive returns. Cleveland returned +1.1% and Boston returned +0.1%. Boston has had positive monthly returns for each of the past five months. Dallas and Denver’s streaks of 4+ straight positive returning months ended in August.

San Francisco was the biggest decliner for the month returning -3.5%. This worsened from its July/June return of -1.8%. From August 2007 to August 2008, Dallas and Charlotte have the best relative performance. Dallas is down 2.7% over the year and Charlotte is down 2.8%.

The S&P/Case-Shiller Home Price Indices are revised for the 24 prior months, based on the receipt of additional source data. More than 20 years of history for these data series is available, and can be accessed in full by going to http://www.homeprice.standardandpoors.com/

The S&P/Case-Shiller Home Price Indices are published on the last Tuesday of each month at 9:00 am ET. They are constructed to accurately track the price path of typical single-family homes located in each metropolitan area provided.

Each index combines matched price pairs for thousands of individual houses from the available universe of arms-length sales data. The S&P/Case-Shiller National U.S. Home Price Index tracks the value of single-family housing within the United States.

The index is a composite of single-family home price indices for the nine U.S. Census divisions and is calculated quarterly.

The S&P/Case-Shiller Composite of 10 Home Price Index is a value-weighted average of the 10 original metro area indices. The S&P/Case-Shiller Composite of 20 Home Price Index is a value-weighted average of the 20 metro area indices.

The indices have a base value of 100 in January 2000; thus, for example, a current index value of 150 translates to a 50% appreciation rate since January 2000 for a typical home located within the subject market.

These indices are generated and published under agreements between Standard & Poor’s and Fiserv, Inc. The S&P/Case-Shiller Home Price Indices are produced by Fiserv, Inc. In addition to the S&P/Case-Shiller Home Price Indices, Fiserv also offers home price index sets covering thousands of zip codes, counties, metro areas, and state markets. The indices, published by Standard & Poor's, represent just a small subset of the broader data available through Fiserv.

For more information contact:
David Blitzer, Chairman of the Index Committee, Standard & Poor’s, 212 438 3907
david_blitzer@standardandpoors.com

David Guarino, Communications, Standard & Poor’s, 1 212 438 1471,
dave_guarino@standardandpoors.com

Wyndham Hotels and Resorts Adds Landmark Historic Hotel in New Orleans

PARSIPPANY, N.J. (Oct. 27, 2008) – Wyndham Hotels and Resorts today announced the addition of the 251-room Chateau Bourbon, (top right photo) a Wyndham® Historic Hotel in New Orleans, to its portfolio of upscale hotels.

The former Chateau Sonesta hotel, owned by New Orleans-based HRI Lodging, is situated between Canal and Iberville Streets in the city’s famed French Quarter district.

The pre-Civil War structure was formerly the D.H. Holmes department store, which operated for more than 140 years until it was converted into a hotel in 1995 by HRI Properties, Inc.

Upgrades to the property will include the addition of the Wyndham brand’s signature “Be Well” bedding; flat screen televisions; new guest room and public space carpeting; and significant enhancements to bathrooms, guestroom furniture and fixtures.

The Chateau Bourbon Hotel is the ninth historic property to join the Wyndham portfolio, which also includes the Whitney in New Orleans; Abraham Lincoln in Reading, Pa.; Hotel Galvez and Tremont House in Galveston, Texas; The Roberts Mayfair in St. Louis; The St. Anthony in San Antonio; Union Station in Nashville; and The George Washington in Winchester, Va.

Peter Strebel, (middle left photo) Wyndham Hotels and Resorts president, said Wyndham historic hotels “have a true sense of place” and are a “unique part of the brand’s DNA.”

“Wyndham historic properties elegantly blend their historic integrity, unique architectural features and ambience with the contemporary creature comforts today’s travelers expect,” he said. “We are honored to welcome the Chateau Bourbon Hotel to our distinguished family of celebrated historic hotels.”

“Our goal is to restore the Chateau Bourbon, A Wyndham Historic Hotel back to its status as one of the finest hotels in the French Quarter through our affiliation with the Wyndham brand, which has a sterling reputation in the lodging industry for supportive and valuable partnerships with hotels in historic buildings,” said Honoré Aschaffenburg, president of HRI Lodging.

Following its opening in 1849, the former D.H. Holmes department store became beloved by New Orleans shoppers. It later gained broader appeal by the 1981 Pulitzer Prize-winning novel A Confederacy of Dunces whose opening scene features the landmark’s famous “clock,” a favorite meeting place for generations of New Orleanians.

Property highlights include 12-foot ceilings in each guest room; a contemporary art collection featuring original art by emerging and established artists; the Atrium Courtyard, with its glass roof and exposed cypress beams from the D.H. Holmes building; the Clock Bar lounge adorned by alabaster pillars from the original D.H. Holmes soda fountain; Ralph Brennan’s Red Fish Grill; (middle right photo) and Tempo Restaurant. (bottom left photo)

Modern comforts and amenities include an airline boarding pass station; in-room spa services; wired and wireless high-speed Internet access; Nintendo®; heated outdoor pool; 24-hour business center; and complimentary fitness facility.

Specializing in meeting and wedding events, the hotel also offers 10,000 square feet of function space including 10 meeting and banquet rooms for groups up to 320.

Wyndham Hotels and Resorts, a subsidiary of Wyndham Worldwide Corporation (NYSE: WYN), offers upscale hotel and resort accommodations throughout the United States, Canada, United Kingdom, Mexico and the Caribbean.

All hotels are either franchised or managed by Wyndham Hotels and Resorts or an affiliate. Additional information is available at http://www.wyndham.com/.

CONTACT:

Evy Apostolatos
Director, Media Relations
Wyndham Hotel Group
1 Sylvan Way
Parsippany NJ 07054
(973) 753-6590
evy.apostolatos@wyndhamworldwide.com

Marcus & Millichap Capital Corp. Arranges $1.8M Loan for Brooklyn, NY Office Building

BROOKLYN, N.Y., Oct. 27, 2008 – Marcus & Millichap Capital Corporation (MMCC) has arranged a $1.8 million fixed-rate loan to refinance a 12,000-square foot office building in the Park Slope neighborhood of Brooklyn. (top right photo)

Sean Mooney, the associate director in the firm’s Brooklyn office, arranged the financing package for the multi-tenant office building at 1713 Eighth Ave.

“The property had multiple challenges with construction, zoning and usage issues,” says Mooney.

“MMCC was able to remedy the issues and execute the transaction within the original time frame.” (Typical Park Slope neighborhood, bottom left photo)

Financing for this transaction was provided by a commercial bank at a 6.12 percent fixed rate. Terms of the loan are for 5 years with a 30-year amortization schedule. Loan-to-value was 75 percent.

“MMCC was able to provide favorable rates and terms on this transaction that exceeded the expectations of the borrower,” says Mooney.

Press Contact: Kathy Molitor, Marcus & Millichap Capital Corporation, (925) 953-1704

U.S. Retail Sector Bracing For Grim Holiday Season As Economy Weakens, Says New S&P Report

NEW YORK Oct. 27, 2008--The end of 2008 is shaping up to be the most difficult holiday season in memory for U.S. retailers.

Faced with a torrent of challenges, including a horrible housing market, rising unemployment, falling consumer spending, declining consumer confidence, extraordinary stock market volatility, and uncertainty in the financial markets, the domestic retail industry is back on its heels, according to a new report by Standard & Poor's Ratings Services titled "The 2008 Holiday Season: No Diamonds In The Stocking," published earlier today on RatingsDirect.

"We think that the final quarter of 2008 will be a poor one as consumers continue to rein in their shopping," said Standard & Poor's credit analyst Gerald A. Hirschberg, "and that they will continue their long-standing history of waiting for last-minute bargains during the holiday."

With this as a background and the evidence of steadily declining same-store sales throughout the retail sector, we are predicting that November-December GAFO (clothing, accessories, department stores, discount stores, sporting goods, book stores, toy stores, consumer electronics, music, home furnishings, and other goods) sales will at best be flat with last year's $255 billion.

Media Contact: David Wargin, New York (1) 212-438-1579, david_wargin@standardandpoors.com

Analyst Contacts: Gerald A Hirschberg, New York (1) 212-438-7837

HFF secures $4.7M financing for retail lifestyle center in Washington Township, NJ

FLORHAM PARK, NJ – The New Jersey office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it secured a $4.7 million permanent loan for Long Valley Village, a 29,600-square-foot lifestyle retail center in Washington Township, New Jersey.

Working exclusively on behalf of Claremont Properties, Inc., HFF placed the 10-year, fixed-rate loan with The Provident Bank.


Completed in 2005, Long Valley Village is 81% leased to tenants including Dunkin Donuts, Quizno’s Subs, Grow With Us Child Care, Tile Studio of Long Valley and Valley Music Center.


The property is located at 62 East Mill Road (State Route 24) in the Morris County suburb of Washington Township.

HFF (NYSE: HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry.


HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing. www.hfflp.com.

CONTACTS:

Jon Mikula, (top right photo) HFF Senior Managing Director, 973 549 2000, jmikula@hfflp.com

Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com

HFF closes sale of Two Riverway in Houston

HOUSTON, TX – The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it closed the sale of Two Riverway, (top right photo) a 17-story, Class A office building in Houston’s Galleria submarket.

HFF senior managing director H. Dan Miller(top left photo), managing director Robert Williamson, (middle right photo) associate director Marty Hogan (bottom left photo) and real estate analyst Trent Agnew led the investment sales team on behalf of the seller, Coventry Fund X, Ltd.

Two Riverway Holdings LLC, a subsidiary of Donerail Corporation, purchased the property for an undisclosed amount.

Two Riverway is situated within the 27-acre Riverway master-planned development at the southeast corner of Post Oak and Woodway Drive west of Interstate Loop 610 in Houston. The 92% leased property contains 369,479 square feet of which 55% is occupied by Chicago Bridge & Iron and IBM.

“Two Riverway’s location within the Galleria submarket provides strong barriers to entry due to the scarcity and high cost of available sites coupled with the current capital market environment,” said Miller. “Since 1999, only two Class A buildings have been built in the Galleria submarket and both are owner occupied.”
“The purchase of Two Riverway is testament to Houston’s desirability from the global investment community,” added Hogan.

Coventry Realty Advisors, Inc. is a real estate investment management/private fund and has acquired and developed over $2.5 billion of office, retail and mixed-use properties since its inception in 1982.

CONTACTS:

H. Dan Miller, HFF Senior Managing Director, 713 852 3500, dmiller@hfflp.com

Martin T. Hogan, HFF Associate Director, 713 852 3500, mhogan@hflp.com

Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com

GVA Advantis Hires Radek Knesl, MBA, as Office and Industrial Associate in Tampa

TAMPA, Fla. – (Oct. 27, 2008) – GVA Advantis has hired Radek Knesl, MBA,(top right photo) as an associate of office and industrial services for its Tampa office.

“Radek is a great fit with GVA Advantis,” says Managing Director Lucas Hewett (middle left photo) . “With his financial background and strong analytical skills, he really understands how today’s economic climate affects our clients, and can use his experience to creatively seek solutions that will serve our clients’ best interests.”

Most recently Knesl was the vice president of business development for TCM Bank, N.A., a subsidiary of the Independent Community Bankers of America (ICBA) and ICBA Bancard.

During the ten years Knesl was with TCM Bank, he was the recipient of the company’s “Million Dollar Turnaround” award, was a speaker at numerous banking conventions and was instrumental in the growth of TCM Bank as it acquired over 250 community bank card portfolios.

A graduate of the University of Tampa, Knesl earned a Masters degree in Business Administration with a concentration in business management and entrepreneurship, as well as a Bachelor of Science degree, cum laude, in financial management and international business.

He was awarded the prestigious James H. Lingerfelt Ethics in Business award, an honor bestowed to a scholar who demonstrates high ethical standards and a strong potential for professional success and social responsibility.

Knesl is a Miller Heiman Certified sales professional and a licensed real estate sales associate in Florida. He is a member of Toastmasters International, has volunteered for the Internal Revenue Service (IRS) and Habitat for Humanity, and is a Trustee of the Robert W. Cook Scholarship Fund at the University of Tampa.

Knesl was born in the Czech Republic and immigrated to the United States in 1992. Since then he has resided in the Tampa Bay area, where he currently lives with his wife and son.

CONTACT:

Lisa Hyde, Director of Marketing, Advantis Real Estate Services Company, 3000 Bayport Drive, Suite 100, Tampa, Florida 33607, Tel 813.342.4752, Fax 813.342.4004
E-mail Lhyde@gvaadvantis.com
http://www.gvaadvantis.com/

Thomas D. Wood & Co. Brokers $4M in Two Loans

Miami Retail-Warehouse Building Gets $1.04M Loan

MIAMI, FL—Oct. 27, 2008— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $1,040,000 for the 1741 Building in Miami, Florida.

Ben Jimenez, (top right photo) Company Assistant Vice President, financed the loan through StanCorp Mortgage Investors, one of Thomas D. Wood and Company’s correspondent lenders, at a rate of 6.875%.

The fully-amortizing loan has a term of 15 years and a loan-to-value of 60%. The 11,880 square-foot retail/warehouse building is owner-occupied by India Clothier, and was built in 1965. The 1741 Building is located at 1741 NW 20th Street, Miami, Florida.

For further information, please contact:
Ben Jimenez (305) 447-7820 bjimenez@tdwood.com
Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com
http://www.tdwood.com/

Handy Storage and Discount Mini-Storage, Pembroke Pines, Receives $5.8M Loan

LAKEWOOD RANCH, FL—Oct. 27, 2008— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $5,800,000 for Handy Storage and Discount Mini-Storage.

Both properties were financed through Thomas D. Wood and Company’s correspondent relationship with StanCorp Mortgage Investors.

Brad Cox, (bottom left photo) Company Vice President, secured financing for Handy Storage in the amount of $3,000,000 and a rate of 6.375%.

The loan term is 20 years, based on a 25-year amortization, with a loan-to-value of 36%. The 90,886 square-foot self-storage facility was built in 1996 and is located at 350 S. University Drive, Pembroke Pines, Florida.

Cox arranged financing for Discount Mini-Storage in the amount of $2,800,000 and a rate of 6.7%.

The loan term is 20 years, based on a 25-year amortization, with a loan-to-value of 70%.

The 55,782 square-foot self-storage facility was built in 1986 and 1999, and is located at 5002 S. Manhattan Avenue, Tampa, Florida. (bottom right site map)

For further information, please contact:
Brad Cox (941) 907-8112 bcox@tdwood.com

Jessica Gurtowski (407) 937-0470 jgurtowski@tdwood.com