Tanger Outlets Appoints Steven B. Tanger President and Chief Executive Officer

Founder, Stanley K. Tanger Remains Chairman of the Board

GREENSBORO, NC-- Based on the recommendation of Stanley K. Tanger, (top left photo) the company’s Founder, Tanger Factory Outlet Centers, Inc. (NYSE:SKT) announced a new executive leadership structure to position the company for continued growth in the years to come.

Effective January 1, 2009, Steven B. Tanger, (top right photo) the company’s President and Chief Operating Officer since January 1995, will become President and Chief Executive Officer. Stanley K. Tanger will remain as Chairman of the Board.

“Steven and I will both be assuming new roles, which represent the next phase in our company’s evolution,” Stanley Tanger stated.

“I am pleased that since founding the company in 1981, Tanger Outlets has grown into a strong, resilient company capable of delivering consistent growth and profitability. It has been an honor to serve our shareholders, our employees and Board of Directors as CEO. I am confident in our company’s future and I look forward to being part of a seamless transition.”

Jack Africk, lead director of the company’s Board of Directors said, “As an industry pioneer and founder of the company, Stanley Tanger has 27 years of service at Tanger Outlets, including the past 15 years as CEO of a NYSE company.

"His in-depth knowledge of Tanger and the outlet industry, along with his bold, charismatic leadership style, allowed him to lead the company to outstanding and consistent returns throughout his tenure.

"Ensuring a smooth transition is one of the foremost responsibilities of the Board of Directors and with that in mind, our Board has worked closely with Stanley and Steven on a planned management succession for several years.”

Commenting on his appointment, Steven B .Tanger said, “I am extremely honored by the Board’s confidence in me, and I look forward to continuing to work with Stanley as we have done for 22 years.

"We share the same vision for Tanger Outlets future and in our culture as the foundation of our success and future growth. I am excited by the opportunity to serve our Company in this new leadership position, as we work together to continue Tanger’s strong performance record.”

Steven B. Tanger, 59, is a Director of the Company and was named President and Chief Operating Officer effective January 1, 1995.

Previously, he served as Executive Vice President since joining the Company in January 1986. He is a graduate of the University of North Carolina at Chapel Hill and completed the Executive Program at the Stanford University School of Business. He is the son of Stanley K. Tanger.

Tanger Factory Outlet Centers, Inc, (NYSE:SKT) a publicly traded REIT, presently has ownership interests in or management responsibilities for 33 outlet centers in 22 states coast-to-coast, totaling approximately 10.2 million square feet, leased to over 2,200 stores that are operated by over 400 different store brands. For more information call 800-4-TANGER or visit http://www.tangeroutlet.com/.


Contact: Frank C. Marchisello, Jr. (336) 834-6834

Starwood's Le Meridien Brand Opens First Five-Star Resort on China's Hainan Island

HAINAN, CHINA, Dec. 1, 2008 – Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced the opening Le Méridien Shimei Bay Beach Resort & Spa. (hotel lobby, top right photo)

Le Méridien Shimei Bay Beach Resort & Spa is the first five-star resort to open in Wanning City on China’s Hainan Island.(bottom right photo)

Owned by China Resources (Holdings) Co., Ltd., this magnificent property boasts an idyllic setting on more than three miles of pristine, white sandy beach with majestic views of the South China Sea.

Surrounded by lush forest, the resort features 275 luxurious guest rooms, including 25 villas, all with private balconies overlooking either the sea or the mountains.

“We are very excited to open in Shimei Bay, which is a new destination for the traveler to discover on Hainan Island, and will become a stunning option for our sophisticated, forward-thinking guests.

"We are committed to providing them with an interactive and a culturally enriching experience”, Mr. Terry Ko, (middle left photo) General Manager remarked.

Le Méridien brand, currently represented by approximately 110 properties in 50 countries, was acquired by Starwood Hotels & Resorts Worldwide, Inc. in November 2005.

With close to 80 percent of its properties located in Europe, Africa, the Middle East, and Asia-Pacific, Le Méridien provides a strong international complement to Starwood’s primarily North American holdings.

Plans call for dynamic expansion of Le Méridien-branded hotels and resorts within the next five years, concentrating in the U.S., Latin America, and Asia-Pacific, including destinations such as India, Thailand and China.

CONTACT:

Hwee-Peng Yeo
Director, Corporate Communications
Starwood Asia Pacific Hotels & Resorts Ltd
9 Temasek Boulevard, Suntec City Tower 2
#24-02, Singapore 038989

Tel : +65 6335 4837; Cell : +65 9768 6087; +65 9248 0424
Fax : +65 6335 4820
http://www.starwoodhotels.com/;

http://www.starwoodpressclub.com/

Hunter Realty Associates, Inc. Brokers Three Hotel Transactions in One Week

Mid-market Transactions Under $15M Still Actively Trading

ATLANTA, GA, Dec. 2, 2008—Hunter Realty, a leading national hotel investment services firm, today announced they successfully closed three separate transactions valued at more than $28 million, all in the past week.

The three properties include a Courtyard by Marriott in Bristol, Va., a Comfort Inn & Suites in Birmingham, Ala. and a Best Western in Atlanta, Ga. Hunter Realty was both the listing and selling agent in all three transactions.

“It is well known that the hotel industry is facing both tough economic times and difficult financial markets,” said Lee Hunter, (top right photo) chief operating officer of Hunter Realty.

“However, despite the flood of negative economic news, transactions are and will continue to close, especially in the under $15 million-sized deals.”

Multiple financing arrangements were used to consummate the three transactions, reflecting the current economic climate. One was a SBA loan, one was a conventional loan in which the owner had a strong relationship with the lender and the third was cash above an assumed CMBS loan.

“Financing is certainly more difficult and requires greater equity than a year ago, but the economics of these transactions were compelling for both the buyers and sellers,” said Teague Hunter, (middle left photo) president.

“Strong banking relationships, a proven track record and creative approaches will certainly pay off in this environment.

“There are several factors favoring buyers in the current environment,” he added. “First, capitalization rates are moving upward. Also, with significant new cash being poured into the economy by the government, inflation is likely to affect values in the future. And, with the likelihood of higher tax rates ahead, the tax advantages of owning real estate will again become meaningful.”

The five-story Courtyard by Marriott in Bristol, Va., (top left photo) built in 2003, was purchased by Apple Nine SPE Bristol, Inc., and the two-story Best Western in Atlanta was purchased by Kennesaw Hospitality, LLC. The Comfort Inn & Suites, (middle right photo) located in the heart of Birmingham, was purchased by DR & MV Hospitality, LLC.

“Despite a decelerating economy throughout the year, Hunter expects to finish strong, in both number of properties and dollar volume,” said Bob Hunter, (bottom right photo) CEO. “We believe many more properties will come to market in 2009. Our recent move to new larger offices underscores our confidence in the hotel real estate market, and we look forward to a very active year in 2009.”

Hunter Hotels, founded in 1978, has offices in Atlanta and Washington, D.C. Hunter’s exclusive focus is in hotel brokerage.

For more information or to view current listings, please visit http://www.hunterhotels.net/ or contact us at 770-916-0300 in Atlanta, or 703-246-0035 in Washington, D.C.

CONTACT:
Melanie Boyer, Account Executive, Daly Gray Public Relations. (703) 435 6293,
melanie@dalygray.com,

Thinking outside the box’ Voted UK’s Most Despised Business Phrase

LONDON – “Thinking outside the box” has been voted the United Kingdom’s most despised business waffling, or ‘buffling’ term, according to research unveiled today in a YouGov survey commissioned by business traveller-friendly Ramada Encore hotels.

“Buffling” refers to business phrases that do not say anything that is important or useful. The research found the top twenty most hated ‘buffling’ phrases to be:

(Ramada Hotel Wuxi, China, top right photo)

The survey also reveals that nearly half of working Britons (49 per cent) think buffling is on the rise in the workplace primarily because employees want to impress their bosses. Twenty per cent of respondents reported that they believe buffling has had or would have a positive impact on their career.

Business-speak also appears to be spreading outside the confines of the office. Forty six per cent of working respondents report they believed buffling outside the workplace occurs more than ever including in their own home and among their friends.

(Ramada Beirut, Downtown Lebanon, middle left photo)

Across Great Britain, the biggest bufflers are those who live in the East Midlands, with one in six (15 per cent), saying they buffle on a regular basis. In contrast, people in Liverpool and people in the Northwest are the least tolerant of buffling with seven out of ten stating they find it “very irritating.”

“As the vibrant and contemporary hotel offering for business travellers, Ramada Encore hotels commissioned this survey to better understand the “buffling” phenomenon,” said Zory Radnay-Florian, Wyndham Hotel Group’s marketing director for Ramada Encore hotels in Europe, Middle East and Africa.

“It’s bad enough when people at work talk about ‘blue-sky thinking’ and ‘singing from the same hymn sheet’, but now we’re starting to use these clichéd phrases at home.”

Radnay-Florian continued, “Buffling outside of the office could be due in part to the explosion in business reality TV shows, such as Dragons Den, The Apprentice and more recently, Natural Born Sellers, where buffling is commonplace and often positively encouraged among those fighting it out for fame and the best job.”

To see buffling in action, click here for the Ramada Encore buffling videos.

Ramada Encore hotels are part of Ramada Worldwide, a member of the Wyndham Hotel Group family of lodging brands. The Ramada Encore hotel experience is simple – fresh, vibrant and upbeat with comfortable and contemporary accommodations and innovative design.

Contact:
Christine Da Silva
Director, Media Relations
Wyndham Hotel Group
1 Sylvan Way
Parsippany, NJ 07054

+1 (973) 753-6590
Christine.DaSilva@WyndhamWorldwide.com

The Dow Hotel Company Promotes Two to Regional Vice President of Operations

Part of Company’s Plan to Enhance Management Bench Strength to Respond to Opportunities in this Phase of the Economic Cycle

SEATTLE, WA—The Dow Hotel Company, LLC (DHC), a leading hotel owner and third-party management company, has promoted two of its senior general managers, Michael Pitstick (top right photo) and Steven Falciani, (top left photo) to the newly created position of regional vice president of operations.

Both positions will be based out of The Dow Hotel Company’s corporate office in Seattle. Pitstick and Falciani each will be responsible for all operational aspects of the company-owned and managed hotels in their respective regions.

“As we enter what may be the most difficult operating period since at least the early ‘90s, we believe that hotel owners will seek out experienced operators who have the depth and expertise to succeed in difficult times,” said Murray Dow,(middle right photo) president of The Dow Hotel Company.

“In anticipation of the downturn in the economy, we began expanding our senior team earlier this year to not only operate our existing hotels better but to be prepared to quickly respond to the expected rise in third-party hotel management contracts coming to the market.

"Combined, Mike and Steve have more than 40 years of hotel operations, food and beverage, and marketing experience that represent a significant competitive advantage for our properties.”
Pitstick was promoted from general manager of the Bellevue (Washington) Hilton. Previously, he served as DHC’s vice president of sales and marketing.

Prior to joining the company, he was vice president of sales and marketing at Carlson Companies, responsible for all sales and marketing functions for the hotel ownership and operating division. Pitstick holds a restaurant, hotel and institutional management degree from Purdue University.

Falciani was promoted from general manager and regional director of the 371-room Marriott Suites Anaheim, (bottom left photo) where he nearly doubled net operating income in a highly competitive market.

He formerly worked for Winegardner and Hammons, a large hotel management company, as general manager of the Marriott Suites in Clearwater Beach, Fla., where he led the market in overall revenue per available room penetration.

He graduated from Widener University with a Bachelor of Science degree in hotel and restaurant administration.

Seattle-based The Dow Hotel Company is a hotel owner and operator of first-class, full-service hotels with properties throughout the United States.

DHC is currently completing renovations at its Houston and Portland properties totaling more than $10 million.

The company’s portfolio of owned and managed properties consists of institutional-grade hotels, under such brands as Marriott, Hilton, Embassy Suites, Sheraton, and Crowne Plaza.

The company aggressively seeks to acquire, co-invest with joint venture partners and/or manage mid- to large-size, first-class, full-service hotels, especially those with extensive food and beverage capabilities.

Contact: Jerry Daly or Chris Daly. Phone: (703) 435-6293, jerry@dalygray.com

Marcus & Millichap Sells Sam's Club Ground Lease in Citrus Heights, CA for $15.6M

CITRUS HEIGHTS, CA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of a Sam’s Club (top right photo) ground lease in Citrus Heights. The sales price is $15.6 million

.
Mark Mason (bottom left photo), a first vice president investments in the San Francisco office of Marcus & Millichap, represented the seller, Trestle Regency LLC, based in the San Francisco Bay Area.

John Bailey, an associate vice president investments in the firm’s Chicago Downtown office, William Bailey, a senior associate also in the firm’s Chicago Downtown office, and Jordan Apostolov, an investment specialist in the firm’s Oak Brook office, represented the buyer, Illinois-based First Acorn LLC.

“This property offered the buyer a management-free investment with an unparalleled location: a densely populated market with high barriers to entry,” says Mason. “The entire site is leased on a long-term basis to Sam’s Club, a wholly owned division of Wal-Mart Stores, the world’s largest retailer.”

Located at 7147 Greenback Lane, the 129,346-square foot Sam’s Club is situated on approximately 12.42 acres and anchors Regency Plaza, which includes other retailers as Big Lots!, Western Warehouse and SAS Shoemakers.

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

Federal Loan Purchase Program Might Include Commercial Real Estate

SANTA ANA, CA--Bob Bach, (top right photo) senior vice president and chief economist, Grubb & Ellis Co., reports national existing home sales on an annualized basis have stabilized around the 5 million mark, with short sales and sales of foreclosed properties boosting the totals in California and other hard-hit markets.

New home sales continue to fall, hitting their lowest level since January 1991.

Last week the government announced that it will purchase up to $500 billion of home loans and securities backed by home loans and another $200 billion of securities backed by credit cards, auto loans and student loans in an effort to free up credit in these sectors.

This program could be expanded to include commercial real estate.

Source: Census Bureau, National Association of Realtors, Grubb & Ellis

CONTACT: Janice McDill at 312.698.6707.

New graphics from The Real Estate Capital Institute in Chicago also show:

Former CNL Executives Form Legacy Hotel Advisors

Strategic Focus on Hotel Repositioning and Complex Transactions to Drive Value during Turbulent Economy

ORLANDO, FL – Three seasoned commercial real estate executives have formed Legacy Hotel Advisors (Legacy), a firm specializing in strategic hotel positioning, debt and equity capital sourcing, complex transactions, condo and mixed-use conversions, site selection, opportunistic development and asset management.


The company is headquartered in Orlando, Fla., with offices downtown in The Plaza South.

“Collectively, our firm brings more than 100 years of experience in the hospitality, development and real estate industries, and together have completed more than $4 billion in hotel and real estate transactions, ranging from limited-service assets and independent boutique hotels to iconic luxury resorts,” said Thomas J. Hutchison III, (top right photo) founding member and chairman of Legacy.

Hutchison was previously the CEO of CNL Hotels & Resorts, Inc., responsible for building the hotel REIT from $250 million to $7.2 billion during a seven-year period before selling the company to Morgan Stanley in April 2007.

Reflecting on the firm’s depth of transaction experience, Hutchison noted that Legacy offers several defining advantages.

“Our team has invested our entire careers in capitalizing on down cycles, with a credible track record of creating tremendous value for our clients," he says. " From capital sourcing to strategic repositioning, we bring first-hand experience, innovative solutions and collaborative transactional expertise, with an ability to achieve win-win relationships in every facet of the business.”

The firm is undertaking a multiple hotel project in Orlando, located along the Western Beltway at the new entrance of Walt Disney World.

Development details are forthcoming, with additional major projects expected to be announced in the coming months.

(Skyline view of several downtown Orlando office properties, middle left photo)


Particularly in the wake of the current market crisis, Legacy’s pipeline of assignments is expanding rapidly to meet a growing industry demand to find value-enhancing solutions for existing properties and well positioned new properties.

The firm’s senior leadership team includes:

Thomas J. Hutchison III, chairman and founder, brings more than 35 years of experience focused in the lodging, hospitality, real estate development and financial services industries.


Hutchison previously held key executive positions for CNL Financial Group, Inc., including serving as CEO of several companies: CNL Hotels & Resorts, Inc., CNL Retirement Properties, Inc., CNL Income Properties, Inc. and CNL Realty & Development, Inc.


Under his leadership, CNL Hotels & Resorts transformed from a start-up hotel REIT into one of the largest and most distinctive lodging companies in the country, acquiring such assets as the Grand Wailea Resort Hotel & Spa in Maui, the Arizona Biltmore Resort & Spa in Phoenix and the Ritz-Carlton and JW Marriott at Grande Lakes in Orlando.

Hutchison also led more than $3.8 billion in acquisitions through his tenure at CNL Retirement Properties, as well as holding prior roles as chairman and CEO of Atlantic Realty Service, Inc. and TJH Development Corporation.

(CNL Center II, next to City Hall building, bottom right photo)

Additional experience includes serving as the court-appointed president and CEO of General Development Corporation through the reorganization process, as well as president and CEO of Murdock Development Corporation and Murdock Investment Corporation, where he managed an average of $350 million of new development per year for nine years.

Jay H. Berlinsky,(top left photo) president and CEO, offers more than 25 years of experience in finance and real estate development.

He has executed $1 billion in purchase, sale, lease and trade transactions; developed or advised on 3,000,000 square feet of corporate and special-use facilities; developed 3,500 acres in master-planned mixed-use development; and secured $100 million in capitalization and debt financing.

Prior leadership roles include serving as executive vice president of CNL Realty & Development Corp. and as an independent real estate developer.

In 2005, Berlinsky founded SC Advisors, a firm that oversees large-scale development projects, with more than $570 million in projects currently under management.

(Lake Eola, downtown Orlando, bottom left photo)


David F. Urban, senior vice president of planning, is responsible for the management of hotel development activities with 20 years of expertise in architectural and engineering design, commercial real estate development and construction.

Most recently, Urban served as vice president of capital planning for Pyramid Advisors, where he led the master planning efforts for the resort division with a budget exceeding $1 billion. Prior to that, Urban led luxury hotel, resort and condominium development efforts at such companies as CNL Hotels & Resorts, Inc., Beach Colony Resorts, and Wyndham International.

Legacy Hotel Advisors provides specialized hotel real estate services to leading and independent hospitality companies. Comprised of industry professionals from the hospitality sector, development and real estate disciplines, the firm’s members provide advisory services that align with their expertise in asset repositioning, site selection, hotel real estate valuation, debt and equity capital sourcing, asset management, and construction management.

Media Contacts:
Thomas J. Hutchison III
Legacy Hotel Advisors
407.412.9200

Jay H. Berlinsky
Legacy Hotel Advisors
407.412.9200

Alcion Ventures Adds Three Professionals to Investment Management Team

BOSTON, MA, Dec. 1, 2008 – Alcion Ventures announced today that it has added three professionals to its investment management team. These additions position Alcion to take advantage of distressed real estate investment markets.

David Ferrero (top right photo) oins Alcion as a Partner and is responsible for investment management, investor relations, and new business development.

Mr. Ferrero has more than 15 years of diversified real estate investment management experience. Prior to joining Alcion, he was the Director of Real Estate Investments for Harvard Management Company and a principal at Charlesbank Capital Partners.

Mr. Ferrero is a Chartered Financial Analyst and member of the Association for Investment Management and Research as well as the Boston Security Analysts Society. He has a Bachelor of Science in Economics from Wharton School of Business at the University of Pennsylvania.

Eugene DelFavero joins Alcion as a Partner and the Chief Financial Officer and is responsible for the financial, accounting and tax oversight of Alcion’s funds and investments. Mr. DelFavero has more than 20 years of real estate finance experience.

Prior to joining Alcion, he was a Managing Partner at RJ Gold & Company. Mr. DelFavero is a CPA in Massachusetts and a member of the American Institute of Certified Public Accountants and the Massachusetts Society of Certified Public Accountants.

He has a Bachelor of Science in Accounting from Northeastern University and a Master of Science in Taxation from Bentley College.

Meg Donahue joins Alcion as an Associate and is responsible for financial and investment analysis and investment management. Prior to joining the firm, Ms. Donahue was an Associate at The Praedium Group LLC. She is a member of the Urban Land Institute and holds a Bachelor of Arts from Harvard University.

“We are pleased that Gene and Dave are joining Mark Potter (bottom left photo) and me as Partners, and to have Meg as an Associate,” said Martin Zieff, (middle right photo) Founding Partner of Alcion.

“We are excited to expand the Alcion team with these talented individuals and position ourselves to manage our existing portfolio and take advantage of the current investment environment.”

Based in Boston, Alcion Ventures is a real estate private equity firm and the investment manager for all Alcion Funds. Alcion Ventures executes a high-yield strategy with uniquely positioned real estate in select markets. For more information about Alcion Ventures, visit the company's website, http://www.alcionventures.com/.

Contact:

Laurie F. McDowellgoFish! communications, lkfish@hotmail.com, 617-875-5070

SPECIAL REPORT: Finally, A Little Good News for Commercial Real Estate Industry

CHICAGO, IL, Dec. 1, 2008--The Real Estate Capital Institute's periodic Scoreboard today shows the Fed's aggressive action of pumping more liquidity into financial markets is starting to reinvigorate real estate lending.

Helped by TARP funds, select financial institutions are offering competitive short-term loans.

Furthermore, the Treasury yield curve moved downward by about a half percent during the past month, easing overall pricing.

Current income-property mortgage pricing and underwriting trends are outlined as follows:

* While liquidity remains a key concern, overall interest rates are moving downward.

* Despite wild fluctuations in key indices (e.g., LIBOR), keeping track of pricing is becoming less challenging as numerous funding sources impose rate floors.

* Floating rate debt starting at 5% is among the most competitive pricing options available, while most types of longer-term financings start at 6%.

* Subsidized by agency funds, multifamily properties attract the lowest price debt, while office, industrial and retail properties capture pricing that is at least 25 to 75 basis points higher.

* Debt service coverage restrictions start at 120% for acquisitions and 125% or more for refinancings.

And while debt service coverages remains somewhat constant, shorter amortization schedules of 25 years or less are used as additional underwriting safety measures along with overalll leverage underwriting of 65% of value (apartments are still funded in excess of 70%).

The Real Estate Capital Institute's advisory board member, John Oharenko, (top right photo) comments: "Pricing discussions are returning to absolute rates, rather than quoting spreads."

He argues that the limited universe of active lenders fully dictate terms, including establishing minimum pricing thresholds which are not necessarily linked to specific indices such as Treasurys or LIBOR.

Oharenko adds, "Expect to see lower mortgage rates for 2009 as the Fed continues a monetary blitz of helping banks and other financial institutions return to the market to recreate more competition and liquidity."

Contact:

Nat Zvislo, Research Director, Toll Free 800-994-RECI (7324), director@reci.com

The Real Estate Capital Institute(r)3517 West Arthington StreetChicago, Illinois USA 60624

http://www.reci.com/

Trump Entertainment Resorts Holdings L.P. Rating Lowered To ‘D’

NEW YORK, NY--On Dec. 1, 2008, Standard & Poor's Ratings Services lowered its corporate credit rating on Atlantic City-based Trump Entertainment Resorts Holdings L.P. (TER) to 'D' from 'CCC'.

In addition, the issue-level rating on the senior secured notes co-issued by TER and Trump Entertainment Resorts Funding Inc. was lowered to 'D' from 'CCC-'.

(Top left photo, Donald J. Trump and wife Melanie.)

"The rating actions stem from the company's announcement that it will forego making the Dec. 1, 2008 interest payment on its senior secured notes," said Standard & Poor's credit analyst Ben Bubeck.(bottom right photo)

A payment default has not occurred relative to the legal provisions of the notes since there is a 30-day grace period to make the payments.

"However, we consider a default to have occurred when a payment related to an obligation is not made, even if a grace period exists, when the nonpayment is a function of the borrower being under financial stress--unless we are confident that the payment will be made in full during the grace period.

"If the interest payment due under the senior secured notes is not paid during the 30-day grace period, holders of 25% of the outstanding principal amount of the notes would be permitted to accelerate the maturity of the notes. This would result in a cross-default under the company's senior secured term loan (unrated). "

Media Contact:
Mimi Barker, New York (1) 212.438.5054, mimi_barker@standardandpoors.com

Analyst Contacts:
Ben Bubeck, CFA, New York (1) 212-438-2176
Craig Parmelee, CFA, New York (1) 212-438-7850

Hans Mumper Joins Grubb & Ellis Company as

LOS ANGELES, CA– Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announces Hans Mumper (top right photo) has joined the company as senior vice president and director of Management Services for Southern California.

He will oversee all aspects of the company’s property management operations throughout the region.

“We are fortunate to have an individual with Hans’ background and experience to take on this important role,” said Eric Forshee, executive managing director for Grubb & Ellis Management Services in the Western Region.

A 22-year veteran of the commercial real estate industry, Mumper comes to Grubb & Ellis from BentleyForbes where he was senior vice president and co-director of portfolio management for the firm’s nine million square feet of office assets in 10 states.

Previously, he was director of Real Estate Services and Acquisitions for USAA Real Estate in the Western Region. Prior to that he was a senior director with R&B Commercial Real Estate.

He began his commercial real estate career with Grubb & Ellis in 1986 as an office broker with the company’s downtown Los Angeles office.

Mumper is a member of the National Association of Industrial & Office Properties, the Building Owners and Managers Association and the Los Angeles Commercial Realty Association. He is a graduate of Occidental College.

Contacts:

Sharon Abar, 714.975.2185, sharon.abar@grubb-ellis.com

Damon Elder, 714.975.2659, damon.elder@grubb-ellis.com