Marcus & Millichap Lists DaVinci Court Apts. in Davis, CA for $13.5M

DAVIS, CA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for DaVinci Court Apartments, (top right photo) a 51-unit apartment community in Davis.

The listing price of $13.5 million represents $218 per square foot.

Peter Flis, first vice president investments and a director of the firm’s National Multi Housing Group in Sacramento, is representing the seller, a local partnership that developed the property.

“Davis is one of the best rental markets in the country,” says Flis.

“The high demand created by growing enrollment at the campus of the University of California, Davis, coupled with the high barriers to entry, along with a city government that values restrictions on growth, has resulted in a long history of low vacancies and steady rent increases.”

This property is the newest apartment complex in Davis. Built in 2005, the asset is situated on 2.49 acres at 1666 DaVinci Court within walking distance of the university campus.
DaVinci Court’s unit mix is optimal for the Davis market.

More than 60 percent of the complex has four-bedroom floor plans and 85 percent of the apartments feature two or more bedrooms. All of the units contain washer and dryer connections.

The property has an assumable loan fixed at 5.28 percent.

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

Wyndham Hotel Group Appoints Electronic Distribution Expert

PARSIPPANY, N.J. (Mar. 12, 2009) – Wyndham Hotel Group, the world’s largest lodging company with more than 7,000 hotels, today announced the appointment of lodging industry veteran Linda Kent (top left photo) as senior vice president of electronic distribution.

An expert in the areas of global distribution systems, reservations and account management, Kent will be responsible for global revenue generation through third party distribution channels and the strategic direction and development of the company’s branded Web sites, which serve more than 90 million guests annually.

Prior to joining the Hotel Group, Kent served eight years with Starwood Hotels and Resorts Worldwide in White Plains, N.Y., as vice president of electronic distribution, overseeing contributions to overall revenue through multiple distribution channels.

Under her leadership, the company achieved $2.4 billion in annual gross room revenue, mainly driven from high-profile relationships with major consortia customers and agencies, and spearheaded the launch of its first ever global travel agent educational program.

“Linda will be instrumental in helping to ensure a consistent and customer friendly experience across all of Wyndham Hotel Group’s electronic distribution channels, strengthening the global performance of both the company and its brands,” said Ross Hosking, Wyndham Hotel Group executive vice president of global sales.

“Her leadership and experience with global hotel companies will prove to be an asset to the company, our customers and our team.”

Kent received her bachelor’s degree in French from Boston College in Chestnut Hill, Mass., where she graduated Magna cum Laude. She currently serves as vice president of the Hotel Electronic Distribution Network Association’s board of directors and is a member of the National Business Travel Association Hotel Committee and Open Travel Alliance Hotel Working Group.

Contact: Rob Myers, Communications Coordinator, (973) 753-6590
rob.myers@wyndhamworldwide.com

Interstate Hotels & Resorts Receives Notice of Suspension of Trading from NYSE

ARLINGTON, VA—Interstate Hotels & Resorts (NYSE: IHR, to be traded over the counter under the ticker symbol IHRI), a leading hotel real estate investor and the nation’s largest independent hotel management company, has received notice from the New York Stock Exchange (trading floor, middle left photo) that its common stock, under the ticker symbol IHR, will be suspended from trading prior to the market opening on March 12, 2009.

According to the March 5, 2009 notice from the NYSE, the suspension is occurring because Interstate did not meet the continued listing standard requiring maintenance of a minimum $15 million market capitalization over a consecutive 30 trading day period.

The company had previously announced on December 2, 2008, that it had failed to maintain the continued listing standard which requires a $1.00 minimum average closing price over a consecutive 30 trading day period.

While the $1.00 minimum average requirement allows for a company to have a six-month cure period, there is no such period available for a failure to meet the minimum market capitalization requirement.

The company will seek an appeal of the delisting determination as permitted by the NYSE though there are only limited solutions available.

The company has not yet been notified as to the timing of the appeal process. Until the appeal is heard, Interstate will remain listed, but will not trade, on the NYSE.

The company’s senior secured credit facility agreement requires that the company be listed on the NYSE.

KPMG LLP, the company’s external auditor, has notified the Audit Committee and management that since Interstate’s potential delisting from the NYSE creates a credit facility covenant issue, which, if not resolved, could result in acceleration of the credit facility debt, its auditor report on the consolidated financial statements for the year ended December 31, 2008 will include an explanatory paragraph related to the uncertainty of the company’s ability to continue as a going concern.

The company’s credit facility also includes a covenant requiring an audit opinion without exception.

The company is in active discussions with its credit facility lenders to receive a waiver through June 30, 2009, related to the covenant requiring listing on the NYSE as well as the covenant dealing with audit opinions.

While there can be no assurances that the company can obtain the waiver, a waiver of these covenants only requires a 51 percent vote by the credit facility lenders.

Thomas F. Hewitt, (top right photo) the company’s chief executive officer, stated that, “Interstate is working quickly to resolve these technical defaults by the end of March so that it can focus its attention on an extension of the credit facility, which the company is working to obtain prior to June 30, 2009.”

Bruce A. Riggins, chief financial officer of the company, noted that, “These technical issues relating to our credit facility do not impact the individual mortgage notes on our three wholly owned hotels.”

As notification from the NYSE was received only very recently, the company is continuing to evaluate the disclosures to be included in management’s discussion and analysis and the consolidated financial statements and related notes thereto to be included in its Annual Report on Form 10-K.

The company intends to file for a 15-day extension to allow it to file its Annual Report on Form 10-K with the Securities and Exchange Commission not later than March 31, 2009.

Interstate Hotels & Resorts has ownership interests in 57 hotels and resorts, including seven wholly owned assets. Together with these properties, the company and its affiliates manage a total of 225 hospitality properties with more than 46,000 rooms in 37 states, the District of Columbia, Russia, Mexico, Belgium, Canada and Ireland.

Interstate Hotels & Resorts also has contracts to manage 16 to be built hospitality properties with approximately 4,000 rooms.

For more information about Interstate Hotels & Resorts, visit the company’s Web site: http://www.ihrco.com/.

Contact: Bruce Riggins, Chief Financial Officer, (703) 387-3344

Brown Mackie College Leases 51,000 SF at One Herald Plaza, Miami, FL

CORAL GABLES, FL– CREC (Continental Real Estate Companies), one of Florida’s largest full-service commercial real estate companies, announced that Brown Mackie College has signed a 10-year lease for 51,000 square feet at One Herald Plaza, (top right photo) The Miami Herald headquarters building.

“This is one of the biggest office leases in downtown Miami in the past year,” said Steven D. Hurwitz, (bottom left photo) CREC shareholder and senior vice president, “and a clear win-win for both parties.”

Hurwitz and Douglas Okun, senior leasing associate, represented the Miami Herald and its parent company, McClatchy Newspapers, while Cushman & Wakefield’s Alan Kleber represented the tenant. The total value of the lease was not disclosed.

Hurwitz noted that another 30,000 square feet is available for lease on the Herald building’s sixth-floor, which includes panoramic views of Biscayne Bay. Other amenities that were important to Brown Mackie College were redundant power, 24-hour air conditioning and on-site parking.

Oklahoma-based Brown Mackie College operates a nationwide system of schools with 21 locations in 10 different states around the country.

Contact: Lisa Rosario, LRosario@crec.com

Foreclosure Activity Increases 6% in February, RealtyTrac Reports

Third Highest Monthly Total in Report’s History;
Up 30 Percent From February 2008 Despite Foreclosure Moratoria

IRVINE, CA – Mar. 12, 2009 – RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its February 2009 U.S. Foreclosure Market Report™, which shows foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 290,631 U.S. properties during the month, an increase of nearly 6 percent from the previous month and an increase of nearly 30 percent from February 2008.

The report also shows one in every 440 U.S. housing units received a
foreclosure filing in February.

“The increase in foreclosure activity from January to February is somewhat surprising, given
that many of the foreclosure prevention efforts and moratoria in place in January were
extended through most of February as well,” said James J. Saccacio, (top right photo) chief executive officer of RealtyTrac.

“There were some notable exceptions to this: a 45-day voluntary moratorium in
Florida expired at the end of January, and foreclosure activity there was up 14 percent from
the previous month; and many New York foreclosure proceedings delayed by a new law for an
extra 90 days appear to have hit the system in February, when the state’s foreclosure activity
increased 23 percent from the previous month.”

Nevada, Arizona, California post top state foreclosure rates

With one in every 70 housing units receiving a foreclosure filing in February, Nevada continued
to document the nation’s top state foreclosure rate. Foreclosure filings were reported on
15,783 Nevada properties during the month, a 9 percent increase from the previous month
and a 156 percent increase from February 2008.

Arizona posted the nation’s second highest state foreclosure rate in February, with one in
every 147 housing units receiving a foreclosure filing during the month, and California posted
the nation’s third highest state foreclosure rate, with one in every 165 housing units receiving
a foreclosure filing.

Other states with foreclosure rates ranking among the nation’s 10 highest were Florida, Idaho,
Michigan, Illinois, Georgia, Oregon and Ohio.

California, Florida, Arizona post highest foreclosure totals

Foreclosure filings were reported on 80,775 California properties in February, the most of any
state and a 5 percent increase from the previous month. The state’s foreclosure activity
increased 51 percent from February 2008, with auction sale notices increasing nearly 179
percent — the most of any category on a year-over-year basis.

Florida foreclosure activity increased nearly 14 percent from the previous month and 43
percent from February 2008 — thanks in large part to a nearly 158 percent year-over-year
increase in auction sale notices and a 128 percent year-over-year increase in bank
repossessions. With 46,391 properties receiving a foreclosure filing, the state posted the
nation’s second highest state total in February.

Arizona posted the third highest state total in February, with 18,119 properties receiving a
foreclosure filing during the month — a 23 percent increase from the previous month and an
88 percent increase from February 2008.

Nevada, Illinois, Michigan, Ohio, Texas, Georgia and Virginia also reported foreclosure totals
that were among the nation’s 10 highest.

Sunbelt cities post top metro foreclosure rates

One in every 60 Las Vegas housing units received a foreclosure filing in February, giving the
city the nation’s highest foreclosure rate among metro areas with a population of at least
200,000. The city’s foreclosure rate was more than seven times higher than the national
average.

Another Nevada metro area posted a foreclosure rate in the top 10: Reno-Sparks
ranked No. 8, with one in every 108 housing units receiving a foreclosure filing.

The Cape Coral-Fort Myers, Fla., metro area documented the second highest foreclosure rate
in February, with one in every 65 housing units receiving a foreclosure filing during the month.

Six California cities registered foreclosure rates among the top 10: Stockton at No. 3 (one in
67 housing units), Modesto at No. 4 (one in 68), Merced at No. 5 (one in 74), Riverside-San
Bernardino at No. 6 (one in 80), Bakersfield at No. 7 (one in 85), and Vallejo-Fairfield at No.
10 (one in 111).

With one in every 110 housing units receiving a foreclosure filing, the Phoenix metro area
posted the ninth highest foreclosure rate in February.

Contact: Tammy Chan Atomic PR, Direct: 212-699-3646, Mobile: 408-802-8682
tammy@atomicpr.com

Concord Hospitality and Hamilton Community Foundation Open Courtyard by Marriott Hamilton After 15-Month, $12.5M Renovation

Property Expected to Bring Nearly 80 Jobs to Cincinnati/Dayton Suburb

HAMILTON, Ohio/RALEIGH-DURHAM, N.C.—Concord Hospitality Enterprises, one of the nation’s top-ranked hotel developer/owner/operators, in partnership with the Hamilton Community Foundation (HCF), announced that the 120-room Courtyard by Marriott Hamilton (dining room photo top right) opened March 11, following a 15-month, $12.5 million renovation..

The rebranded, Marriott property is expected to bring nearly 80 jobs to the community of 60,000.

Concord will manage the property. HCF Properties, LLC, a wholly-owned subsidiary of HCF, owns the hotel.

The property originally opened as the Hamiltonian, an independent hotel, in 1985.
“The Courtyard by Marriott Hamilton is opening at a critical time,” said John Guidugli, (middle left photo) HCF Properties, LLC board chair.

“While Hamilton is faring well despite the current economy, we consider the creation of nearly 80 jobs at a time when employment is disappearing nationwide, to be a major positive. We also expect that under the Marriott flag, the property will do very well. It is the only facility in the area large enough to host meetings and events, and is an attractive alternative to more expensive places like Cincinnati and Dayton.

“This property is also an important part of Hamilton’s identity. It’s been here for 25 years, and it has hosted all our local events,” Guidugli said. “We look forward to the hotel becoming a focal point of the community once again.”

The new Courtyard features a brand new indoor pool and 6,500 square feet of top-of-the-line meeting and banquet space, including the newly expanded Riverview Ballroom. The revamped ballroom now includes an extended pre-function space and boasts picture windows overlooking the Great Miami River.

The property is complemented by Amici’s, its on-site Italian restaurant and access to the amenities of the adjacent RiversEdge development. It also includes the new state-of-the-art Courtyard by Marriott lobby, including “Go-Board” and other “Refreshing Business” features.

“We continue to expand our management portfolio during this downturn, a testament to our ability to produce competitive results during all phases of the economic cycle,” said Mark G. Laport, (middle right photo) president and CEO of Concord.

“We’ve put an exceptional team in charge at this property and look forward to helping it reach its full potential. Hamilton is an attractive community with a solid economic foundation, and we’re glad to be here.”

Contacts:

Kelli Kurtz, Hamilton Foundation, (513) 863-1717

Melanie Boyer, Daly Gray Public Relations, (703) 435-6293

Arbor Closes 2 Fannie Mae Loans totaling $19M

Piedmont Plantation in Sumter, SC Receives $14.43M

UNIONDALE, NY-- Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $14,431,000 loan under the Fannie Mae DUS® product line to finance the 252-unit complex known as Piedmont Plantation (top left photo) in Sumter, SC.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.22 percent.

The loan was originated by John Edwards, (top right photo) Vice President, in Arbor’s full-service Boston, MA lending office.

“This financing presented several significant challenges mainly related to the changes in the real estate taxes. Thankfully we were able to structure the loan in accordance with the client’s expectations. We were pleased with the opportunity to work closely with a strong owner and development team and look forward to continuing our business relationship with this important client.”

Cranbrook Centre Apartments in Southfield, MI Obtains $4.68M

UNIONDALE, NY (Mar. 11, 2009) – Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $4,680,000 loan under the Fannie Mae DUS® product line for the 132-unit complex known as Cranbrook Centre Apartments (bottom right photo) in Southfield, MI.

The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.10 percent.

The loans were originated by Michael Jehle, (bottom left photo) Midwest Regional Director, in Arbor’s full-service Bloomfield Hills, MI lending office.

“The Borrower had a 10-year balloon payment that was soon due on a property that they had owned and managed for over 25 years,” said Jehle. “Arbor was able to provide very attractive financing to pay off this existing debt for another 10 years through our Fannie Mae DUS® product line.”

Contact: Ingrid Principe, P: 516.506.4298. F: 516.542.2555. IPrincipe@arbor.com
http://www.arbor.com/

Stephanie Sanker of GVA Advantis Norfolk Receives SIOR Pin

NORFOLK, VA-- GVA Advantis is pleased to announce Stephanie Sanker, (top right photo) CCIM, has received the Society of Industrial and Office Realtors (SIOR) designation.

Stephanie specializes in the sale and leasing of industrial properties throughout Hampton Roads.

In addition to Tenant/Buyer representation, Stephanie is well known for her Landlord/Seller representation. Stephanie prides herself on the creation and implementation of aggressive marketing plans and constant communication with her clients.

“The SIOR designation recognizes consistent performance at the top of the designee's market. Stephanie's tenacity and success have allowed her to qualify for this prestigious designation. She is to be congratulated for achieving this recognition", says Deborah Stearns, SIOR, CPM, Executive Director, Norfolk office.

Contact: Susan Childress, 213.8217s, childress@gvaadvantis.com

Paula Buffa Elected President of Westshore Alliance

TAMPA, FL – GVA Advantis announced that Paula Buffa, (top right photo) RPA, CCIM has been elected president of the Westshore Alliance. Buffa was officially installed as president on February 19, 2009 and will serve a two-year term.

Established in 1983, the Westshore Alliance is recognized as the “voice” that represents the Westshore business district, Florida’s largest commercial business district. The Westshore Alliance is dedicated to improving the quality of life for nearly 100,000 employees who work in Tampa's Westshore district.

Buffa has been an active member of the Westshore Alliance since 1999. She has served in several leadership roles, including chair of the Public Arts Committee for four years, board of directors member since 2000, member of the executive committee for the past five years and the organization’s secretary and president-elect in previous years. She is a graduating member of Leadership Westshore Class of 2000.

During her term, some of the initiatives Buffa will focus on include the viability of a new conference center for the Westshore business district, transportation and pedestrian plans for Westshore, and the addition of more public art in the Westshore business district.

“The Westshore Alliance has a track record of getting things done for the companies and people that work, live, play and shop in Westshore,” Buffa says. “We plan to continue that record during our twenty-sixth year of providing services to our business based, membership driven organization.”

Media contact: Lisa Hyde, 813 342 4752 lhyde@gvaadvantis.com

HFF arranges $64.78M in debt and equity for Eisenhower Corporate Campus in northern New Jersey

FLORHAM PARK, NJ – The New Jersey office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged $64.78 million in debt and joint venture equity for Eisenhower Corporate Campus, (top right photo) a 384,828-square-foot, Class A office building in Livingston, New Jersey.

HFF senior managing director Jon Mikula (top left photo) and managing director Jim Cadranell (middle right photo) worked exclusively on behalf of Eastman Companies and The Sagner Companies to secure a $44.7 million, adjustable-rate loan through Wells Fargo Bank and TD BankNorth.

Fidelity Real Estate Group provided $20.08 million in joint venture equity. Proceeds are being used for the redevelopment of the office building.

Eisenhower Corporate Campus has four interconnected buildings surrounding a four-story atrium lobby. Building amenities at the complex include a full-service cafeteria with seating, a 200-person stadium-style seating auditorium, a fitness center and executive conference center.

Situated on a 33.6-acre campus, the property is located at the intersection of Route 10 and Eisenhower Parkway close to Interstates 280 and 287 approximately 20 miles west of New York City in Livingston, New Jersey.

“Eisenhower Corporate Campus has been a single tenant facility since its completion in 1984. This financing will enable Eastman Management to transform the building into a premier multi-tenant property,” said Mikula.

Eastman Companies celebrated its thirtieth anniversary last year and is a full-service real estate firm with in-house leasing, management and construction capabilities. Eastman is a recognized leader in high quality real-estate developments with property throughout northern New Jersey.

The Sagner Companies are investors and owners of office, medical, retail and healthcare real estate assets.

Fidelity Real Estate Group pursues value-added real estate investment opportunities throughout the U.S. on a fully discretionary basis for its managed funds.

The Real Estate Group is a division of Pyramis Global Advisors, a Fidelity Investments Company. Fidelity Real Estate Group manages approximately $1.2 billion on behalf of institutional and individual clients.

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, loan sales and commercial loan servicing. http://www.hfflp.com/.

Contacts:

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

Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com

MHI Hospitality Corporation Opens Crowne Plaza Tampa Westshore

WILLIAMSBURG, Va., Mar. 10 /PRNewswire-FirstCall/ -- MHI Hospitality Corporation (NASDAQ:MDH) announced today that the Company has opened the Crowne Plaza(R) Tampa Westshore (top right photo) in Tampa, Florida.

This follows the completion of an extensive 16-month repositioning of the property in line with a 10-year franchise agreement with InterContinental Hotels Group through its franchising entity, Holiday Hospitality Franchising, Inc.

The 11-story hotel underwent a renovation of both the interior and exterior.

The newly reconfigured asset features 222 guest rooms including 44 Cabana suites, as well as 10,000 square feet of flexible meeting and pre-function space; a 6,500 square foot signature restaurant lease space; an outdoor pool, and approximately 250 surface parking spaces.

The hotel is situated on 3.82 acres in Tampa's Westshore Corridor, the city's corporate, entertainment, restaurant and shopping district, and is within two miles of Tampa International Airport.

Andrew M. Sims, (middle left photo) President and CEO of MHI Hospitality Corporation, stated, "We are very pleased to announce the opening of the Crowne Plaza Tampa Westshore.

"This completely repositioned hotel is a classic example of our portfolio model in terms of full service amenities, value and strategic location..

"As the asset gains increasing traction in the Florida Gulf market, the Crowne Plaza Tampa Westshore should compete very effectively."

Crowne Plaza has been recognized by Lodging Hospitality magazine as one of the industry's top growing hotel brands. As part of the IHG global portfolio, the Crowne Plaza Tampa Westshore is one of more than 300 hotels in nearly 60 countries

CONTACTS:

Bill Zaiser, Chief Financial Officer of MHI HospitalityCorporation, +1-301-220-5400; or

Vicki Baker, +1-703-796-1808, for MHIHospitality Corporation

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

Morrison Commercial Real Estate Completes 42,334-SF Lease at University Corporate Center III, Orlando, FL

ORLANDO, FL (Mar. 10, 2009): Greg Morrison, CCIM, SIOR, Principal of Morrison Commercial Real Estate, announces the completion of an office lease totaling 42,334 square feet at University Corporate Center III, (bottom right photo) located in the Quadrangle Business Park at 11474 Corporate Boulevard, Orlando, Florida.

Greg Morrison (top left photo) and Emily Zinaich (top right photo) of Morrison Commercial Real Estate negotiated the lease on behalf of the landlord, Opus Real Estate FL VII UCC3, L.L.C.

The tenant, Northrop Grumman Systems Corporation was represented by Christopher Sproles of CB Richard Ellis.

Morrison noted that “The University Submarket” is one of the office submarkets in the Orlando area that is still seeing positive leasing activity. This is largely due to the fact that it is the hub for the “Simulation Training Industry.”

Northrop Grumman Systems Corporation is a leading global security company whose 120,000 employees provide innovative systems, products, and solutions in aerospace, electronics, information systems, shipbuilding and technical services to government and commercial customers worldwide.

Contact: Marylyn Tryon, Phone: 407.219.3500. Email: mtryon@morrisoncre.com

HFF places $33.2M loan for Newbury Common Apartments in Stamford, CT

WESTPORT, CT –HFF (Holliday Fenoglio Fowler, L.P.) has arranged first mortgage acquisition financing on behalf of Seaboard Properties for its purchase of Newbury Common Apartments (above centered photo) in Stamford, Connecticut.

HFF senior managing director Al Epstein (top ;eft photo) and director Christine Riniti worked exclusively on behalf of Seaboard in arranging the $33.2 million, fixed-rate loan through Freddie Mac (Federal Home Loan Mortgage Corporation).

HFF, a designated Freddie Mac Seller/Servicer, has closed more than $70 million in financings with Freddie Mac in 2009.

Newbury Common Apartments is located at 1450 Washington Boulevard in Stamford’s central business district near the Stamford campus of the University of Connecticut.

It has two towers with 261 units, which are 96% leased as well as 9,000 square feet of commercial space plus a 295-space underground parking garage.

Newbury Common Apartments also offers an affordability component whereby a portion of the units are occupied by qualified tenants.

“This is a substantial, well-built property. It is a concrete structure as opposed to the more common wood frame building and is located in a healthy multifamily environment.

"It stands out because of the quality of its construction, the generous size of the apartment units and the unmatched amenities, which include an indoor swimming pool, health club, business center, screening room, billiards room, tennis courts and community room,” said Epstein.

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, loan sales and commercial loan servicing. http://www.hfflp.com/.

CONTACTS:

Alvin J. Epstein, HFF Senior Managing Director, (203) 226-8171. aepstein@hfflp.com

Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500. krmurphy@hfflp.com

Marcus & Millichap's Michael Yu Named One of Firm's Top Investment Specialists

Yu is also the firm’s top hospitality agent nationwide.

ENCINO, CA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named its top investment specialists for 2008.

Michael Yu, (top right photo) of the firm’s Houston office, ranked in the Top 30 out of more than 1,300 investment specialists nationwide. Yu has been the firm’s top hospitality agent nationwide for the past two years.

“We are proud to recognize Michael as one of the firm’s top agents,” says Harvey E. Green, president and chief executive officer of Marcus & Millichap. “His accomplishments and track record reflect his superior transaction expertise and commitment to client service.”

Yu is an associate vice president investments and director of the firm’s National Hospitality Group in Houston. He joined Marcus & Millichap in July 2003. Yu and Rahul Bijlani, also a director of the firm’s National Hospitality Group in Houston, have dominated the mid-market hotel investment sales market in Texas.

Yu and Bijlani facilitated more than 16 hospitality transactions in 2008, despite the turmoil in the financial markets. Together, Yu and Bijlani have represented the buyer, the seller or both on almost 90 percent of Marcus & Millichap’s hospitality transactions in Texas and Louisiana during the past four years.

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

WELBRO Receives AGC's 2009 Horizon Award and Chairman’s Award for Valencia Community College Allied Health and Sciences Building

ORLANDO, FL: Associated General Contractors of Greater Florida recently presented WELBRO Building Corporation with their annual Horizon Award for New Construction of a facility in the 15 to 30 million dollar category for Valencia Community College’s Allied Health and Sciences Building located on the VCC West Campus.

WELBRO was also awarded the Chairman’s Horizon Award for the same project.

Accepting the awards for WELBRO were Richard Rodriguez, Operations Manager; George Novo, Sr. Project Manager and Paul Hayes, Site Manager. Helene Loiselle, Assistant Vice President of Facilities and J Iverson, Project Director accepted on behalf of Valencia Community College.

WELBRO provided construction management services for this three-story, 80,000-square-foot building. The facility is Valencia’s first LEED-certified green building.

Contact: Patricia A. Werner, CEcD, 407/475-0800; mobile: 407/766-3951 2301. pwerner@welbro.com