John Sturgess Joins Hunter Realty Associates, Inc. as Managing Director

ATLANTA, GA, Mar. 23, 2009 — Hunter Realty Associates, Inc., a leading hotel investment services firm, today announced that John Sturgess (top right photo) has joined the company as managing director. He will play a pivotal role in the company’s plan to expand nationally.

Previously, Sturgess was corporate senior vice president of development for Carlson Hotels Worldwide.

In his role, Sturgess led the team responsible for the overall strategic direction of the development of Carlson’s hotel brands in the Americas, resulting in more than a 220 percent increase in new contracts including doubling the Country Inns & Suites by Carlson portfolio.

Prior to Carlson, Sturgess was vice president of development for Prime Hospitality Corp. In that capacity he handled franchise sales, acquisitions and market analysis for AmeriSuites Hotels.


Sturgess has held other executive positions throughout his 20 year career in the hotel business, including management positions with Doubletree Hotels Corporation and Richfield Hospitality Services, Inc.

“We have expanded our reach and our sales significantly over the past few years, earning us the Hotel Brokerage Firm of the Year award by Hotel Brokers International (HBI) for the past three years,” said Teague Hunter, (bpttom left photo) CHB, president.


“With the opening of our Washington, D.C. office 2½ years ago, we have been servicing the entire Eastern seaboard, but see additional opportunities across the country."


Contact: Jerry Daly, Chris Daly, media, (703) 435-6293, chris@dalygray.com

Grubb & Ellis Named Exclusive Leasing Agent for Four LA County Shopping Centers

Portfolio totals approximately 400,000 square feet

NEWPORT BEACH, CA– Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firmannounced that it has been named the exclusive leasing agent for three shopping centers in Long Beach and one in Cerritos totaling approximately 400,000 square feet.

Terrison Quinn, associate, Mark Baziak, senior vice president, and Peter Spragg, associate, all with Grubb & Ellis’ Newport Beach office will manage leasing for the four centers, which are owned by Bixby Land Company, a Newport Beach-based private REIT and real estate investment and development firm.

“These centers all offer the opportunity to secure shop space in a heavily trafficked market area with strong anchor tenants,” said Quinn.

The three Long Beach centers are located in the densely populated area near the Traffic Circle, a roundabout at the intersection of Lakewood Boulevard, Pacific Coast Highway and Los Coyotes Diagonal.

Vons Circle Center (top left photo) is a 150,000-square-foot center bounded by Ximeno Avenue, Atherton Street and Los Coyotes Diagonal. Anchors include Vons, Rite Aid and Ross Dress for Less. Available shop spaces range from 2,000 to 2,392 square feet.

Located across the street from Vons Circle Center is Circle Center West. (middle right photo) The 65,000-square-foot center is also bounded by Ximeno Avenue, Atherton Street and Los Coyotes Diagonal. Anchors include Marshalls and In-N-Out Burger. There is one 1,400-square-foot shop space available.

Circle Center, (bottom left photo) which encompasses 80,000 square feet, is located at the intersection of Lakewood Boulevard and Los Coyotes Diagonal. Anchors include Ralphs and CVS. Available shop spaces range from 780 to 2,880 square feet.

The fourth center is Lincoln Station, (top right photo) a 92,000-square-foot property located at 11900 South St. in Cerritos. Anchors include Sports Authority, Leslies Pools and Washington Mutual. Available shop spaces range from 1,090 to 2,392 square feet.

CONTACTS;

Julia McCartney, 714.975.2230, julia.mccartney@grubb-ellis.com

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

Tri-City Electrical Completes $853,000 Job in Naples, FL

ORLANDO, FL – Altamonte Springs-based Tri-City Electrical Contractors, Inc. completed $853,000 of work at Ave Maria University’s new 3-story, 44,700-square-foot, 84-room Undergraduate Housing Building 8 in Naples, FL, under its contract with Suffolk/Kraft, Ave Maria, FL.

Contact: Kenneth H. Cristol 407-774-2515

Tilt-Con Starts Chauvet Lighting Warehouse Construction in Sunrise, FL

ORLANDO, FL – Altamonte Springs-based Tilt-Con Corporation is under way on the new 65,232-square-foot Chauvet Lighting warehouse at 5200 NW 105th Avenue in Sunrise, in Broward County, FL, under its contract with Butters Construction & Development, Coconut Creek, FL.

Ranked as the nation’s largest tilt-up concrete constructor by Engineering News-Record magazine, Tilt-Con utilizes its economical system for tilt-up concrete walls. Slated for completion in July 2009, Tilt-Con’s scope of work includes foundations, slab-on-grade, and tilt-up concrete wall panels. The project was designed by Greco Design & Construction, Fort Lauderdale, FL.

Contact: Kenneth H. Cristol, 407-774-2515

Two Specialists in Marcus & Millichap's Phoenix Office Ranked Among Company's Top 30 Nationwide

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

Two agents in Marcus & Millichap’s Phoenix office ranked in the Top 30 out of more than 1,300 investment specialists nationwide.

The agents are Jamie Medress (top right photo) (12) and Peter Katz (top left photo) (18).

“We are proud to recognize Jamie Medress and Peter Katz as top-ranking investment specialists,” says Harvey E. Green, (middle right photo) president and chief executive officer of Marcus & Millichap. “Their accomplishments and track record reflect their superior transaction expertise and commitment to client service.”

Medress, a first vice president investments and a senior director of the firm’s National Retail Group and Net Leased Properties Group in Phoenix, facilitated transactions valued at approximately $145 million last year.

Medress joined Marcus & Millichap in May 1996 and was promoted to first vice president investments in July 2008. His notable transactions last year included an $18.74 million shopping community in Mesa, Ariz., an $8.4 million net-leased department store in Southaven, Miss., and a $7.7 million net-leased childcare center in Phoenix.

Katz, senior vice president investments and a senior director of Marcus & Millichap’s National Multi Housing Group, facilitated transactions totaling several hundred million dollars in nine states last year.

Katz joined Marcus & Millichap in January 1991. He was promoted to senior investment associate in 1997, to vice president investments in 2000, and to senior vice president investments in 2008.

His transactions last year included a $65.7 million multi-family community portfolio in Newark, Del., a $42.5 million student housing community in Tampa, Fla., a $34.9 million apartment community near Seattle, and a $35.8 million student-housing portfolio near Chicago.

MARCUS & MILLICHAP HIRES LARRY EMMONS AS A DIRECTOR IN FORT LAUDERDALE, FL

FORT LAUDERDALE, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has hired Larry Emmons, (middle left photo) a leading industrial investment specialist in its Fort Lauderdale office, according to Alan Pontius, (bottom right photo) senior vice president and managing director of the firm’s National Office and Industrial Properties Group (NOIPG).

Emmons, who joins Marcus & Millichap as a director of the NOIPG and a senior associate of the firm, will focus on the sale of industrial and sale/leaseback properties throughout the eastern United States.

“We are excited to welcome Larry to our firm,” says Gregory Matus, regional manager of Marcus & Millichap’s Fort Lauderdale office. “Larry combines his real estate transaction skills, legal education and business development expertise to assist his clients with acquisitions and dispositions. He brings more than 20 years of industrial and investment sales experience to his new position,” adds Matus.

“Marcus & Millichap’s national brokerage and marketing platform will allow me to more effectively serve my nationwide client base,” says Emmons.

Prior to joining Marcus & Millichap, Emmons served as a senior investment officer for First Industrial Realty Trust, where he was responsible for the sourcing and acquisition of industrial real estate projects throughout the state of Florida.

Emmons is a graduate of the University of Michigan and holds a J.D. from the University of Detroit Mercy School of Law.

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

Cuhaci & Peterson Architects wrap up design work on Retail Center in Sarasota, FL

Orlando, FL Firm Awarded new contracts for redevelopment, remodel of projects in Hillsborough and Brevard Counties

ORLANDO, Fla. --- Cuhaci & Peterson Architects, LLC based in Orlando’s Baldwin Park, recently completed design of a 50,000 square foot Publix-anchored retail center on Bee Ridge and Beneva Roads in Sarasota.

Lonnie Peterson, (top right photo) chairman of Cuhaci & Peterson Architects, LLC, said construction recently got underway on the center which incorporates new design and technology parameters that will substantially reduce energy requirements and improve environmental safety and comfort.

Cuhaci & Peterson was recently awarded the contract to design major redevelopment of the 150,000 square foot Valrico Square retail center located at Brandon and Valrico Roads in Hillsborough County.

The work includes development of a new out parcel building and new buildings for Valrico Square anchors Bealls’s and Publix. Retail Assets Management, Inc. of Clearwater is the developer of the center

In Melbourne, Peterson said the firm was recently awarded the contract for interior remodeling of the 11,000 square foot Hudson Furniture Store on New Haven Ave.
* * *
For more information, contact:

Lonnie Peterson, Chairman Cuhaci & Peterson Architects, LLC 407-661-9100
Jed Downs, President Cuhaci & Peterson Architects, LLC 407-661-9100
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142

Grubb & Ellis Healthcare REIT II Files Registration Statement with SEC

Proposed best-efforts public offering of up to 330,000,000 shares of common stock

SANTA ANA, CA – Grubb & Ellis Realty Investors, LLC announced that Grubb & Ellis Healthcare REIT II, Inc. has filed a registration statement for a proposed best-efforts public offering of up to 330,000,000 shares of common stock.

The offering would include up to 300,000,000 shares to be offered at $10.00 per share in the primary offering and 30,000,000 shares to be offered at $9.50 per share pursuant to the company’s proposed distribution reinvestment plan.

Grubb & Ellis Healthcare REIT II intends to use the proceeds from the offering to invest in a diversified portfolio of real estate properties, focusing primarily on medical office buildings and healthcare-related facilities, and to pay fees and expenses associated with the offering.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective.

These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

A written prospectus meeting the requirements of Section 10 of the Securities Act of 1933 may be obtained by writing Grubb & Ellis Securities, Inc. at 4 Hutton Centre, Suite 700, Santa Ana, California 92707.

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

Orlando Sanford International Airport Retail Expansion at Main Terminals Nearly Complete

SANFORD, Fla. - The Hudson Group, a concession operator at Orlando Sanford International Airport, (top right photo) has nearly completed a buildout of almost 11,000 square feet of retail space at the Airport.

Diane Crews, vice president of administration at Orlando Sanford International Airport, said the final phase of the $3.7 million expansion program is anticipated to be completed in April.


New shops in the International Terminal's expanded space include Indulgence, Discover and Papyrus, while the Domestic Terminal now offers Hudson News and EuroCafe. In addition, airport concessionaire, Alpha Retail, recently expanded itsf acilities by 2,880 square feet, Crews said. That project was completed inearly February.

For more information, contact:

Diane Crews, VP Administration , Orlando Sanford International Airport, 407-585-4002, dcrews@OSAA.net
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142
Sheila Goodman, Larry Vershel Communications, 407-644-4142 P; 407-644-4410 F

Simon Property Group Announces Concurrent Offerings of Common Stock and Senior Notes

INDIANAPOLIS, IN/PRNewswire-FirstCall/ -- Simon Property Group, Inc. (NYSE:SPG) announced that it and its majority-owned operating partnership subsidiary, Simon Property Group, L.P., intend to conduct, subject to market and other conditions, concurrent offerings of approximately 15,000,000 shares of common stock and approximately $500 million principal amount of senior notes due 2019.

The completion of either offering is not conditioned on the success of the other.

The Company expects to grant the underwriters in the common stock offering an over-allotment option to purchase 2,250,000 additional shares of common stock.

Simon intends to use the net proceeds to partially repay the outstanding balance of its $3.5 billion unsecured credit facility and for general corporate purposes.

Goldman, Sachs & Co., J.P. Morgan and Banc of America Securites LLC are serving as joint bookrunning managers of the senior note offering. The offerings are being conducted as public offerings under Simon's joint shelf registration statement filed with the Securities and Exchange Commission.

Any offer of securities will be made by means of the prospectus supplement and accompanying prospectus relating to each offering.

When available, copies of the prospectus supplement and accompanying prospectus relating to each offering can be obtained by contacting: Goldman, Sachs & Co., Attn: Prospectus Dept., 85 Broad St., New York, NY 10004.

CONTACT: Investors: Shelly Doran, +1-317-685-7330, Media: Les Morris,+1-317-263-7711, both of Simon Property Group, Inc.

Plaza Advisors’ New Partner and New Miami Office

TAMPA, FL-Plaza Advisors is pleased to announce the addition of Anthony Blanco (top right photo) as a Managing Partner.

Mr. Blanco will be based in the Miami office and will be responsible for business development and execution.

The firm exclusively focuses on the sale of retail investment properties throughout the Southeastern United States for institutions, private owners, banks and special servicers.

Prior to joining Plaza Advisors, Anthony Blanco was Vice President of Investment Sales with CB Richard Ellis in Miami. Anthony brings more than fifteen years of experience in the shopping center industry to the company.

Mr. Blanco will team with Jim Michalak, (bottom left photo) founder and co-managing partner of Plaza Advisors. Mr. Michalak has over 25 years of experience in the real estate industry. Together Mr. Michalak and Mr. Blanco have completed approximately $2 billion in retail sales transactions.

In January 2009, Plaza Advisors completed the $15.25 million disposition of Regency Village in Orlando on behalf of Regency Centers, and in March 2009 completed the sale of Belleair Bazaar, located in the Clearwater area.

For more information on Plaza Advisors please visit http://www.plazadvisors.com/.

Contact: Lenard Williams, lwilliams@plazadvisors.com

GVA Advantis Negotiates 27,000-SF Lease Renewal and Expansion for Willis of Tennessee Inc.in Bayport Plaza, Tampa, FL

TAMPA, FL – (Mar/ 20, 2009) – GVA Advantis announced it has negotiated a 19,728-square foot renewal and a 7,100-square foot expansion for insurance brokerage firm Willis of Tennessee, Inc. at Bayport Plaza (top right photo) in Tampa, Hillsborough County, Florida.

Vince La Mariana, (middle left photo) senior director of office and industrial services for GVA Advantis, negotiated the transactions on behalf of the property owner, Bayport Plaza Investors, LLC, based out of Hartford, Connecticut.

“We’re very pleased to have retained this quality, long-term lease tenancy at Bayport Plaza,” says La Mariana. “Given the current market conditions, it is encouraging to see established tenants expand.”

Bayport Plaza is an eleven-story, 265,015-square foot Class A office building in the Rocky Point area of the Westshore submarket. Located at 3000 Bayport Plaza off of the Courtney Campbell Causeway, the building is adjacent to the Grand Hyatt Tampa Bay.

Bayport Plaza is a two-time winner of the BOMA (Building Owners and Managers Association) “Building of the Year” Award and is currently 91% leased.

Built in 1984, the building underwent a complete common-area renovation in 2005, which included the addition of an upscale on-site café and state-of-the-art fitness center. Additional amenities include on-site management, a dry cleaner, florist and hair salon in the hotel esplanade.

Contact: Lisa Pelec Hyde, Regional Director of Marketing, Tel 813.342.4752/ Fax 813.342.4004. E-mail Lhyde@gvaadvantis.com
http://www.gvaadvantis.com/

Grubb & Ellis Secures 145,000-SF Lease for Cadeco Industries in Houston, TX

HOUSTON (March 19, 2009) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that it has secured an approximately 145,000-square-foot lease at Portwall Distribution Center (top right photo) on behalf of Cadeco Industries Inc., a leading service provider of raw coffees.

Owned by Houston-based Warehouse Associates, the warehouse space is located at 530 –542 Portwall St., and is split between two single-story buildings, one offering 81,800 square feet of rentable area and the second offering 62,820 square feet of rentable area, all situated on approximately 7 acres of land. Cadeco Industries took occupancy March 1.

“Two of the attractive qualities of this distribution warehouse for Cadeco Industries are the front loading docks and the accessibility to Interstate 10, both of which will help facilitate the transportation of the company’s goods,” said John Nicholson, senior vice president of Grubb & Ellis’ Houston office.

Also of Grubb & Ellis’ Houston office, Doug Nicholson, senior vice president, joined John Nicholson in the representation of the tenant, Cadeco Industries. Warehouse Associates represented themselves.

Contacts:
Julia McCartney, 714.975.2230, julia.mccartney@grubb-ellis.com
Damon Elder, 714.975.2659, damon.elder@grubb-ellis.com

Stevens Tombrink Named VP/Business Development at The Sembler Co.

ST. PETERSBURG, FL, Mar. 19, 2009--The Sembler Company is pleased to announce the appointment of Stevens E. Tombrink,(top right photo) CCIM as Vice President of BusinessDevelopment.

Stevens was formerly Regional Vice President of Real EstateServices at Equity, Inc., where he oversaw the entire operation of the brokerage and property management division for the Southeast region of United States.

He is also immediate past Florida president of National Industrial and Office Properties Association (NAIOP).

In his new capacity Stevens responsibilities will include acquiring new fee generating business opportunities in the areas of Property Management, Leasing and Development. He also plans to offer services related to the growing area of foreclosure and receivership of commercial real estate and will seek undervalued retail properties for acquisition.

Contact: Alissa Mitchell, Marketing Assistant, 727.384.6000 FAX 727.345.7340. alissa.mitchell@sembler.com

HFF secures $7.2M financing for southern Maryland Class A office buildings

WASHINGTON, D.C. – The Washington, D.C. office of HFF (Holliday Fenoglio Fowler, L.P.) announced today it has secured $7.2 million in financing for Holly II and Holly III, Class A, multi-tenant, office buildings (top right photo) totaling 106,514 net rentable square feet in California, Maryland.

Working exclusively on behalf of Wildewood Development Corporation, HFF senior managing directors Bill Asbill (top left photo) and Bob Donhauser (middle right photo) and director Cary Abod placed a five-year, 4.69% fixed-rate loan with PNC Bank, which was used to refinance a securitized loan.

Located at 44427 and 44423 Airport Road respectively, Holly II and Holly III are within the Wildewood Professional and Technology Office Park less than five miles from the Patuxent River Naval Air Station (“NAS”) and the Naval Air Systems Command (“NAVAIR”) headquarters.

Holly II, which has 54,221 square feet of office space plus a 3,793-square-foot conference room facility, is 94% occupied by tenants including General Dynamics and Lockheed Martin. Holly III has 52,293 square feet of fully leased office space.

The major tenant at Holly III is ARINC.

“NAVAIR and NAS attract all of the major defense contractors to the California, Maryland area and provide stable tenant demand for the 1.9 million-square-foot office market,” said Asbill.

Since its inception in 1981, Wildewood Development Corporation has developed 15 buildings for a variety of tenants and users within St. Mary’s County, Maryland.

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:

William S. Asbill, Senior Managing Director, (202) 533-2500, wasbill@hfflp.com

Cary P. Abod, HFF Director, (202) 533-2500, cabod@hfflp.com

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

Arbor Closes $17.5M Fannie Mae DUS® ARM Loan on Reflections of Island Park in Shreveport, LA

UNIONDALE, NY, Mar. 19, 2009 - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $17,500,000 loan under the Fannie Mae DUS® ARM product line to finance the 168-unit complex known as Reflections of Island Park(top right photo) in Shreveport, LA.

The 10-year loan amortizes on a 30-year schedule and carries an adjustable note rate of 4.58 percent.

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

“Architecturally, the subject property has an outstanding design and layout consistent with the unique Louisiana style,” said Edwards.

“The property is well- positioned in the marketplace, and we were pleased to provide the financing for an experienced developer in the region.”

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