Feldman Announces Inland Transaction; Appointment of Receivership for the Tallahassee Mall and Termination of Reporting Company Status

GREAT NECK, N.Y. /PRNewswire/ -- Feldman Mall Properties, Inc. (BULLETIN BOARD: FMLP) has entered into a letter agreement with Inland American Real Estate Trust, Inc. ("Inland") pursuant to which Feldman will repurchase from Inland 2,000,000 shares of 6.85% Series A Cumulative Convertible Preferred Stock (the "Series A Preferred Stock").

In exchange, Inland will receive title to the Stratford Square Mall, (middle left photo) located in Bloomingdale, Illinois, Northgate Mall, located in Cincinnati, Ohio, and the Golden Triangle Mall, located in Denton, Texas (collectively, the "Malls"), subject to the mortgage indebtedness secured by the Malls.

Inland will also deliver to the Company $9.125 million in cash representing the amount by which the value of the Malls, subject to the outstanding indebtedness, exceeds the value of the Series A Preferred Stock.

This letter agreement is subject to the approvals of the Boards of Directors of both the Company and Inland.

Upon the completion of this transaction, the Company will own interests in four retail malls: (i) Harrisburg Mall, located in Harrisburg, Pennsylvania, (ii) Colonie Center Mall, located in Albany, New York, (iii) Foothills Mall, located in Tucson, Arizona and (iv) the Tallahassee Mall, (top right photo) located in Tallahassee, Florida, which was placed in receivership as of November 12, 2008.

(For a complete copy of Feldman's news release, showing transaction details and financials, please contact Thomas E. Wirth, President & Chief Financial Officer of FeldmanMall Properties, Inc., +1-516-684-1239.)

Web site: http://www.feldmanmall.com/

Arbor Closes $1,625,600 Fannie Mae DUS® Loan on Riverpoint Apartments in Dallas, TX

UNIONDALE, NY, Nov. 17, 2008-– Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,625,600 loan under the Fannie Mae DUS® product line to refinance the 34-unit complex known as Riverpointe Apartments (top right photo) located in Dallas, TX.

The 7-year loan amortizes on a 30-year schedule and carries a note rate of 6.50 percent.

The loan was originated by Patrick McGovern, (bottom left photo) Director, in Arbor’s full-service New York City lending office. “Arbor was able to creatively structure the financing to meet the borrower’s needs in a timely manner,” said McGovern.

Contact: Ingrid Principe, Tel: (516) 506-4298
iprincipe@arbor.com

Weingarten Realty Investors Announces $271M Joint Venture with Hines REIT

HOUSTON, TX-– Weingarten Realty Investors (NYSE:WRI) and Hines Real Estate Investment Trust, Inc. (“Hines REIT”) have announced the formation of a joint venture transaction in which a subsidiary of Hines REIT will acquire a 70% interest in a WRI portfolio of 12 high-volume supermarket-anchored shopping centers.

The aggregate transaction price is approximately $271 million and the transaction will close on multiple dates.

The initial closing occurred on November 13, 2008 and included eight of the properties for approximately $205 million, and the purchase of the remaining four properties will be closed upon finalization of their loan assumptions.

The twelve properties consist of 1.5 million square feet and are located in areas across five states that have very strong demographics with average trade area populations exceeding 100,000 people and average household income exceeding $80,000.

These centers are anchored by a diversified mix of leading grocers including Kroger, Randall’s (Safeway), H-E-B, Publix, B.J.’s Wholesale and Harris Teeter. Additional anchors include Marshall’s, Barnes and Noble, Palais Royal and Stein Mart.

The supermarkets in these centers average sales of more than $450 per square foot and the portfolio is more than 96% leased.

The Joint Venture has a commitment from a major life insurance company to provide a $100 million loan that is expected to close before the end of the year. WRI provided preferred equity in the amount of $134 million for the initial closing.

The proceeds of the $100 million loan will be used to reduce WRI’s preferred equity position upon closing. WRI will be responsible for the ongoing management and leasing of the properties and will receive property management, joint venture management, and leasing fees along with incentive distributions above certain return hurdles.

“WRI is extremely pleased to become partners with a world-class organization that also has its deep roots in our wonderful city – Houston.

"We believe this transaction will provide stable and growing returns to the joint venture while also meeting our objective of recycling capital and building our assets under management,” stated Drew Alexander, (top right photo) President and CEO of WRI.

“We are pleased to acquire an interest in a portfolio of quality supermarket-anchored shopping centers in locations with strong demographics,” said Charles Hazen, President and CEO of Hines REIT. “This is our first joint venture with WRI and we are very pleased with this new relationship.”

The Dallas office of HFF represented WRI’s interest in structuring the venture.

Hines REIT is a Houston-based public real estate investment trust sponsored by Hines. Hines REIT commenced operations in November 2004 and primarily invests in institutional-quality office properties located in the United States. Excluding this acquisition, Hines REIT currently owns interests in 46 properties.

These properties consist of 43 office properties located throughout the United States, one mixed-use office and retail property in Toronto, Ontario, one industrial property in Dallas, Texas and an interest in an industrial property in Rio de Janeiro, Brazil. For additional information about Hines REIT, please see http://www.hinesreit.com/.

Hines is a fully integrated real estate investment and management firm that has been investing in real estate and providing acquisition, development, financing, property management, leasing and disposition services for over 50 years. With offices in more than 100 cities in 16 countries, and controlled assets valued at approximately $25.6 billion, Hines is one of the largest real estate organizations in the world. Access http://www.hines.com/ for more information on Hines.

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.

As one of the largest real estate investment trusts listed on the New York Stock Exchange, Weingarten Realty (NYSE:WRI) is celebrating its 60th anniversary as a commercial real estate owner, manager and developer, formed in 1948.

Focused on delivering solid returns to shareholders, Weingarten is actively developing, acquiring, and intensively managing properties in 23 states that span the United States from coast-to-coast. The Company’s portfolio of 409 properties includes 329 neighborhood and community shopping centers and 80 industrial properties. Including tenant-owned square footage, the Company’s portfolio currently totals approximately 74 million square feet under management.

To learn more about the Company’s operations and growth strategies, please visit http://www.weingarten.com/.

CONTACT:
Juanita Beaudion Baker, Investor Relations, PH 713.866.6085 FX 713.866.6072
WEINGARTEN REALTY, People-to-People. Coast-to-Coast.

Cousins and Horizon Group Properties to Develop Planned Outlet Center

ATLANTA, GA- - Cousins Properties Incorporated (NYSE: CUZ) will form a joint venture with Horizon Group Properties Inc., (HGPI) (OTC:HGPI.PK) to pursue the planned development of The Outlet Shoppes at Oklahoma City, (bottom right site photo) a 341,400-square-foot outlet center in Oklahoma City.

The center is planned for the intersection of Interstate 40 and Council Road and - based on the results of the holiday sellings eason and the continued interest of retailers - construction on the project would begin in spring of 2009 with a July 2010 opening.

Horizon Group is overseeing development, management and leasing of theproject.

"We're excited to team up with Horizon to pursue thispromising development," said Larry Gellerstedt, (top right photo) Cousins' executivevice president and chief development officer.

"Outlet centers are agrowing segment of retail development and Oklahoma City is very wellpositioned to support this type of center."

Based in Rosemont, Ill., Horizon Group Properties Inc. is anational owner and developer of factory outlet shopping centers and is the developer of a master-planned community in suburban Chicago.

HGPI's current portfolio consists of 1.6 million square feet of outlet shopping center space in 8 states and an additional 1.5 million square feet in development

CONTACTS:

Investment Community: Elli Kaplan, Vice President, 404 407 1972, ellikaplan@cousinsproperties.com

Media: Matt Gove, Senior Vice President, 404 407 1490, mattgove@cousinsproperties.com

Selig Enterprises Announces 48,500-SF Industrial Lease with Elite

ATLANTA, GA--Selig Enterprises, Inc. has leased 48,500 square feet in northeast Atlanta near Interstate I-285 to Elite Transportation Services Worldwide, one of the largest luxury ground transportation services in Atlanta with a fleet of stretch limousines, shuttle buses, corporate vans, andsedans.

Headquartered in Atlanta, the company will occupy the building located at 4601 Winters Chapel Road and use it for day to day operations. The decision to move their headquarters from South Cobb Drive was propelled by the need for a freestanding building to better service clients as well as a larger truck court to accommodate their fleet of buses.

They expect to have about 50 employees, includingoffice staff and drivers at the site.

Michael Kersten, (top right photo) General Partner, also noted that, "The new location at Winters Chapel allows us to be closer to our corporate clients as wellas fuel farms."

Kent Walker, (top left photo) Vice President of Selig Enterprises said, "EliteTransportation is not only on the cutting edge of its industry, they are the finest ground transportation provider in Atlanta. Their customer list reads like a who's who in Atlanta business."

Jeffrey Richardson and Rob Coatsworth of CTR Partners represented EliteTransportation Services in the transaction.

Selig Enterprises is a privately held real estate operating companybased in Atlanta, Georgia. The company owns and manages a real estateportfolio in excess of 10 million square feet throughout the SoutheastUnited States.
For more information, please visit http://www.seligenterprises.com/.

Media Contact: Taana Kow, tkow@seligenterprises.com

Selig Enterprises, Inc, .404.870.1506 http://www.seligenterprises.com/

SPECIAL REPORT: Credit Crunch, Economic Concerns Drive Slower Commercial and Multifamily Lending

Washington, DC -- Commercial and multifamily mortgage loan originations remained low in the third quarter, according to the Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.

Third quarter originations were fifty-three percent lower than during the same period last year. The year-over-year decrease was seen across all property types and most investor groups.

"Uncertainty stemming from the credit crunch, and now the deteriorating economy, has led to a continued pull-back among both lenders and borrowers," said Jamie Woodwell, (top right photo) MBA's Vice President of Commercial Real Estate Research.

"The need among most investor groups to conserve capital, and the uncertainty of how the slowing economy will affect property fundamentals, is fueling a prolonged pause in all aspects of commercial real estate activity."

Decreases in total commercial/multifamily mortgage originations continued to be led by a drop in commercial mortgage-backed security (CMBS) conduit loans and loans for commercial bank portfolios. These numbers show the impact of the recent credit crunch and other market disruptions.

THIRD QUARTER 2008 FIFTY-THREE PERCENT LOWER THAN THIRD QUARTER 2007

The decrease in commercial/multifamily lending activity during the third quarter was driven by decreases in originations for all property types.

When compared to the third quarter of 2007, the overall 53 percent decrease included an 87 percent decrease in loans for hotel properties, a 61 percent decrease in loans for office properties, a 59 percent decrease in loans for health care properties, a 39 percent decrease in loans for industrial properties, a 30 percent decrease in multifamily property loans, and a 30 decrease in retail property loans.

Among investor types, conduits for CMBS saw a significant decrease of 93 percent compared to last year's third quarter.

There was also a 71 percent decrease in loans for commercial bank portfolios, and a 27 percent decrease in loans for life insurance companies. The dollar volume of loans for Government Sponsored Enterprises (or GSEs - Fannie Mae and Freddie Mac) saw an increase of 15 percent.

THIRD QUARTER 2008 11 PERCENT LOWER THAN SECOND QUARTER 2008

Third quarter 2008 mortgage originations were 11 percent lower than originations in the second quarter of 2008.

Among investor types, loans for commercial bank portfolios saw a decrease in loan volume of 55 percent compared to the second quarter of 200.

Loans for conduits for CMBS saw an increase in loan volume of 67 percent compared to the second quarter of 2008. Life insurance companies increased by 27 percent during the same time span, and GSEs volume increased 12 percent from the second quarter 2008 to third quarter 2008.

On a quarter-over-quarter basis, the size of the decline in loans for commercial banks overwhelmed increases among other investor groups.

Compared to the second quarter of 2008, third quarter originations for hotel properties saw a 71 percent decrease. There was a 42 percent decrease for health care properties, a 28 percent decrease for office properties, a 22 percent increase for industrial properties, a 9 percent increase for retail properties, and a 9 percent increase for multifamily properties.

CONTACT: Jason Vasquez, (202) 557-2950, jvasquez@mortgagebankers.org

Woehrle earns LEED AP from Green Building Certification Institute

ORLANDO, FL— Mark Woehrle, (top right photo) vice president of operations and special projects at Shaw Mechanical Services, LLC, has earned LEED AP (Accredited Professional) status through the Leadership in Energy and Environmental Design (LEED) program from the Green Building Certification Institute, the professional certification administrator for the U.S. Green Building Council, a non-profit organization dedicated to promoting green building and creator of the LEED program.

Employed by Shaw Mechanical since 2003, Woehrle has twenty-one years of experience in mechanical contracting management. He has a Bachelor of Science in Building Construction from the University of Florida, is a licensed mechanical and plumbing contractor in Florida, and is an NEBB Certified Supervisor for Air & Hydronic Testing & Balancing.

He is an active member of the American Society of Heating, Refrigerating and Air-Conditioning Engineers and Associated Builders & Contractors.

Shaw Mechanical Services LLC is a Central Florida-based provider of mechanical contracting and service to building owners, property managers, facility managers, plant engineers, general contractors and consumers.

Comprehensive services provided by Shaw Mechanical include retrofits, renovations, preventative maintenance, commissioning and installation of heating, ventilating and air conditioning systems, process piping, automatic temperature controls and custom climate applications for existing structures and new construction.

Founded in 2001, the privately-held company employs a staff of seventy from its headquarters in Orlando, Fla.

The USGBC is a nonprofit organization established in 1993 to promote sustainable building and construction through educational resources and committee forums.

In 2000, the USGBC developed the LEED (Leadership in Energy and Environmental Design) accreditation system as an independent benchmark for rating high-performance green buildings.

In 2008, the USGBC turned over administration of its Professional Accreditation program to the Green Building Certification Institute (GBCI).

The Green Building Certification Institute, established with the support of the U.S. Green Building Council, handles examination development and delivery to allow for objective, balanced management of the credentialing program.

Contact: Elaine Ingra, PR WORKS!, PH: 407 384-1344,
elainei@pr-works.com, www.pr-works.com

Starmer Ranaldi’s classroom prototype nears completion at middle school

OVIEDO, FL— Starmer Ranaldi Planning and Architecture Inc. has completed its contract with Martin County Public Schools using the architectural firm’s middle school classroom prototype.

The two-story, 51,000-square-foot building was completed and open for the 2008 – 2009 school year at Murray Middle School (middle left rendering) in Stuart, Fla.

Developed as a result of Starmer Ranaldi’s 2007 master plan analysis of district’s four middle school campuses, the new classroom building was built by The Morganti Group Inc. of West Palm Beach, Fla.,

(Joseph A. Ranaldi, top right photo, is vice president of Starmer Ranaldi.)

Starmer Ranaldi incorporated the latest technology in the $9 million structure that houses 26 classrooms, two science labs, four science classrooms, two computer labs, four resource rooms, an administrative suite and support space.

With campus security in mind, the architect designed an “L-shaped” footprint to create an interior courtyard with open stairways and walkways to allow for visibility and easy monitoring.

Engineering was provided by OCI Associates Inc., Altamonte Springs, Fla., ONM&J Structural Engineering, Orlando, Fla., and Klima Weeks Civil Engineering, Altamonte Springs, Fla.

Starmer Ranaldi Planning and Architecture Inc. is a consulting design practice dedicated to the design of public-use facilities for municipal and county governments, K through 12 schools, community colleges, universities and institutional buildings.

Established in Central Florida in 1997, the firm is headquartered in Oviedo, Fla., and employs a professional and support staff of eighteen. Please visit http://www.sriarch.com/ for additional information.

Contact: Elaine Ingra, PR WORKS!, PH: 407 384-1344,
elainei@pr-works.com, www.pr-works.com

Architect donates design of Veteran’s Memorial dedicated in Winter Springs park

OVIEDO, FL— Veteran’s Day 2008 had a special meaning for Architect William E. Starmer, (top right photo) AIA, president of Starmer Ranaldi Planning and Architecture Inc. of Oviedo, Fla.

Starmer participated in the dedication Nov. 11 of an 1,800-square-foot Veteran’s Memorial (middle left rendering) he designed for the City of Winter Springs, Fla.

Starmer, a member of the Rotary Club of Winter Springs, an organization that partnered with the City of Winter Springs to build the cenotaph, donated more than $10,000 in design and construction observation fees for the project.

Located on Main Street and Blumberg Avenue in the Winter Springs Town Center, the memorial features a circular colonnade with a rifle piercing the earth topped with a combat helmet as its center.

Adjacent circular space partially enclosed with knee walls features a world map etched into the stone flooring. Two reflecting pools, trees and grassed areas provide a place for contemplation.

The memorial honors both fallen soldiers as well as those who have served from World War 1 to the current war on terror.

“I wanted this place to be peaceful and spiritual where visitors can reflect on all those who have served our country,” said Starmer.

Four years in design, planning and construction, the Rotary Club of Winter Springs and the City of Winter Springs raised more than $150,000 for the construction of the memorial.

Starmer Ranaldi Planning and Architecture Inc. is a consulting design practice dedicated to the design of public-use facilities for municipal and county governments, K through 12 schools, community colleges, universities and institutional buildings.

Established in Central Florida in 1997, the firm is headquartered in Oviedo, Fla., and employs a professional and support staff of eighteen.

Please visit http://www.sriarch.com/ for additional information.

Contact: Elaine Ingra, PR WORKS!, PH: 407 384-1344,
elainei@pr-works.com, www.pr-works.com

Construct Two Group to build Martin H. Levin Advocacy Center at University of Florida

ORLANDO, FL— Construct Two Group has secured a $4.7 million construction management contract with the University of Florida for the Martin H. Levin Advocacy Center at the Levin College of Law (middle left rendering) in Gainesville, Fla.

Phase 1 includes construction of the 10,000-square-foot first floor of a planned two-story building. A functional trial and appellate courtroom with gallery, judge’s bench, jury box, attorney’s tables, judge’s chamber, jury deliberation room and support spaces are included in Phase 1.

The building is seeking Silver Leadership in Energy and Environmental Design (LEED) certification from U.S. Green Building Council. Construction completion is scheduled for May 2009.

FleishmanGarcia Architecture of Tampa, Fla., is the architect. Facility engineering is being provided by Volkert & Associates of Gainesville, Fla.

Florida subcontractors on the Construct Two Group team are CWS Source Inc., Jacksonville, American Electrical Services Inc., Tampa, and Cladding Systems Inc., Tampa.

Keith Williams, top right photo, is president and CEO of Construct Two Group.

Construct Two Group provides construction management, design-build and program management services to public and private sector clients.

Having completed more than $500 million in projects since its founding in 1990, Construct Two Group is the largest African-American-owned construction management company in Florida.

The Company employs a professional and support staff of 31 from offices in Orlando, Tampa and Tallahassee, Fla. Please visit http://www.constructtwo.com/ for additional information.

Contact: Elaine Ingra, PR WORKS!, PH: 407 384-1344,
elainei@pr-works.com, www.pr-works.com

Marcus & Millichap Sells 10 Taco Bell Restaurants in Alabama, Tennessee and Virginia

BIRMINGHAM, AL, Nov. 13, 2008 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of 10 Taco Bell restaurants in Alabama, Tennessee and Virginia. The sales price of $12.2 million represents $497 per square foot.

Richard Merryman, a senior associate and director of Marcus & Millichap’s National Retail Group (NRG) in San Francisco; William Schofield, a vice president investments and director of the firm’s NRG in San Francisco; and Andrew Clark, an investment specialist in the firm’s Birmingham office, represented the seller.

John L. Nguyen (top right photo) and Jonathan Mitchell, both vice presidents investments in the firm’s Newport Beach office, represented the buyer.

“This portfolio presented a rare opportunity for the buyer to acquire a 10-restaurant portfolio with excellent store-level economics and no landlord responsibility,” says Nguyen.

“The seller was able to capitalize on a sellers’ market with their apartment sale and increased their cash flow by 30 percent with the purchase.”

The portfolio includes four restaurants in Alabama, four restaurants in Tennessee and two restaurants in Virginia.

Press Contact: Stacey Corso, Communications Department, (925) 953-1716

Foreclosure Activity Increases 5% in October, RealtyTrac Reports

States’ Legislation Slows Rate of Increase, But Foreclosure Activity Up 25 Percent From October 2007

IRVINE, CA – Nov. 13, 2008 – RealtyTrac®, the leading online marketplace for foreclosure properties, today released its October 2008 U.S. Foreclosure Market Report™.

The report shows foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 279,561 U.S. properties during the month, a 5 percent increase from the previous month and a 25 percent increase from October 2007.

The report also shows one in every 452 U.S. housing units received a foreclosure filing in October.

“We’ve seen sharp declines in new foreclosure filings after legislation mandating delays to the foreclosure process was signed into law in several states — most notably in California, where overall foreclosure activity was down by double-digit percentage points for the second straight month in October, and where default filings were 44 percent below October 2007 levels,” said James J. Saccacio, (top right photo) chief executive officer of RealtyTrac.

“Despite this, October marks the 34th consecutive month where U.S. foreclosure activity has increased compared to the prior year.

“While the intention behind this legislation — to prevent more foreclosures — is admirable, without a more integrated approach that includes significant loan modifications, the net effect may be merely delaying inevitable foreclosures.

"And in the meantime, the apparent slowing of foreclosure activity understates the severity of the foreclosure problem in these states.”

(Biscayne Bay bridge, Miami to Miami Beach, middle right photo)


Nevada, Arizona, Florida post top state foreclosure rates

Nevada posted the nation’s highest state foreclosure rate for the 22nd consecutive month in October, with one in every 74 housing units receiving a foreclosure filing during the month — more than six times the national average.

Foreclosure filings were reported on 14,483 Nevada properties in October, an increase of 11 percent from the previous month and up nearly 119 percent from October 2007.

(Atlanta skyline, middle left photo)

With one in every 149 housing units receiving a foreclosure filing in October, Arizona registered the second highest state foreclosure rate.

Foreclosure filings were reported on 17,507 Arizona properties for the month, an increase of nearly 35 percent from the previous month and up 176 percent from October 2007.

One in every 157 Florida housing units received a foreclosure filing in October, the nation’s third highest state foreclosure rate. A total of 54,324 Florida properties received a foreclosure filing during the month, an increase of 13 percent from the previous month and up nearly 80 percent from October 2007.

Other states with foreclosure rates ranking among the top 10 were California, Colorado, Georgia, Michigan, New Jersey, Illinois and Ohio.

California posts top foreclosure total despite continued drop in foreclosure activity
California foreclosure activity in October decreased 18 percent from the previous month, but the state still posted the highest number of properties with foreclosure filings for the month — 56,954.

That total was down from a peak of more than 100,000 in August, but was still up 13 percent from October 2007.

(Downtown Chicago retail district, middle left photo)

Florida, Arizona and Nevada posted the second, third and fourth highest number of properties with foreclosure filings respectively in October.

With 12,681 properties receiving a foreclosure filing in October, Illinois registered the nation’s fifth highest state total. The state’s foreclosure activity increased 24 percent from the previous month and was up 31 percent from October 2007.

Other states where total properties with foreclosure filings landed among the 10 highest were Ohio, Michigan, Georgia, Texas and New Jersey.

Las Vegas, Florida cities top list of highest metro foreclosure rates

Las Vegas documented the highest metropolitan foreclosure rate among the 230 metro areas tracked in the report, with one in every 62 housing units receiving a foreclosure filing in October — more than seven times the national average.

Foreclosure filings were reported on 12,155 Las Vegas area properties during the month, an increase of nearly 6 percent from the previous month and up nearly 104 percent from October of 2007.

Four Florida metro areas posted foreclosure rates that ranked among the top 10 in October, led by Cape Coral-Fort Myers and Miami in the Nos. 2 and 3 spots respectively. Other Florida cities in the top 10 were Fort Lauderdale at No. 8 and Orlando at No. 10.

California metro areas also accounted for four of the top 10 metro foreclosure rates in October, but that was down from previous months, when at least six California metro areas consistently ranked among the top 10.

Stockton (city skyline, bottom left photo) was the highest ranked California metro area at No. 4, with one in every 100 housing units receiving a foreclosure filing in October.

Other California cities in the top 10 were Merced at No. 5, Riverside-San Bernardino at No. 7 and Modesto at No. 9. All four California metro areas experienced monthly decreases in foreclosure activity.

RealtyTrac publishes the largest and most comprehensive national database of foreclosure and bank-owned properties, with over 1.5 million properties from over 2,200 counties across the country, and is the foreclosure data provider to MSN Real Estate, Yahoo! Real Estate and The Wall Street Journal’s Real Estate Journal.

Media Contact: Michelle Sabolich Atomic Public Relations 415-402-0230 michelle.sabolich@atomicpr.com