Hunter Realty Says Transactions under $10 M Still Active

ATLANTA, GA, June 8, 2009—Officials from Hunter Realty, a leading national hotel investment services firm, today announced that they brokered the sale of the 152-room Days Inn Atlanta Six Flags (top right photo) here.

The property was acquired by East Coast Hotel Partners, LLC, which plans to renovate and convert the hotel to the Comfort Inn brand.

The seller was an institutional lender/owner. The REO property was financed with a SBA loan from an Atlanta bank.

“East Coast Hotel Partners, LLC is a well regarded owner/operator with multiple properties currently in its portfolio,” said Lee Hunter, (middle left photo) CHB, ISHC and chief operating officer, Hunter Realty.

“They have prior experience in the Atlanta market and believe the property has excellent profit potential, especially when the economy begins its expected rebound. The timing of this transaction will give them sufficient time to upgrade the hotel.

“East Coast Hotel Partners is typical of today’s buyer,” said Teague Hunter, (bottom right photo) CHB, president, Hunter Realty Associates, Inc.

“There are a substantial number of buyers on the sidelines who are selectively acquiring properties that they believe have significant upside potential. Even with the credit markets still in disarray, investors who have cash and a proven track record can obtain the financing to get deals done.

"We have been successful in helping buyers secure financing for hotels under $10 million through local and regional banks, as well as SBA and other government loan programs.

"While it is difficult to pick the bottom of the real estate cycle, we believe it is approaching and that a number of properties will be coming to market between now and year end. This first wave of investors historically generates better returns than those who invest later in the cycle.

“Our firm is doing more consulting now than at any time in the past five years,” he noted. “We are working with both buyers and sellers to develop appropriate strategies and timing in a very difficult market. There is a lot of pent-up demand that should begin to become more active as the year progresses.”

The seven-story Days Inn is located at 3900 Fulton Industrial Blvd., 1.5 miles from Six Flags amusement park, and convenient to the Georgia Aquarium (bottom left photo) World of Coke, and Turner Field.

The hotel features interior corridors, large outdoor swimming pool, and meeting space. Rooms offer 27-inch satellite televisions, high-speed wireless Internet access, coffee makers, microwaves and refrigerators.

Hunter Realty, founded in 1978, has offices in Atlanta, Washington, D.C. and Minneapolis, MN. 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, 301-215-7507 in Washington, D.C. or 952-837-6207 in Minneapolis.

Contact: Melanie Boyer, media, (703) 435-6293, melanie@dalygray.com

Clancy & Theys Completes Braddock Park Project in Winter Garden, FL

ORLANDO, FL – The Orlando-based Florida Division of Clancy & Theys Construction Company, one of America’s leading contractors, completed the City of Winter Garden’s new $2.6 million Braddock Park Athletic Complex (top left photo) located at 13460 Lake Butler Boulevard in Winter Garden, FL.

The 20-acre park includes two multi-purpose fields, two softball fields, 130 paved parking spaces, a 1,600-square-foot covered playscape area, a 1,200-square-foot concessions building with kitchen and restroom facilities, a 650-square-foot maintenance building, and associated utilities and site improvements according to Pete Pace, Florida Division CEO for Clancy & Theys.

The project was designed by Harvard Jolly, Inc., Orlando.

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

CB Richard Ellis Executes Lease With Mattress One at Mount Dora, FL Target Plaza

ORLANDO, FL, June 8, 2009 – The Orlando office of CB Richard Ellis is pleased to announce Bobby Palta, Senior Associate in Retail Properties, has brokered a lease representing the landlord CFT Developments at the Mount Dora Target Outparcel Plaza.

The Target anchored center is located at 17200 US Highway 441 at Eudora Road, Mount Dora, Florida and is neighbored by Chick Fil-A, Regions Bank and Wal-Mart Supercenter.

The lease is for a Mattress 1 One store totaling 2,200 sq.-ft. on the eastern endcap for a term of five years done directly with the tenant.

Contact: Angelique Greven 407.839.3158 angelique.greven@cbre.com

The Plaza Cinema Cafe 12 Opens at The Plaza in Downtown Orlando

ORLANDO, FL, June 8, 2009 – The Orlando office of CB Richard Ellis is pleased to announce the grand opening of The Plaza Cinema Café 12 (top right photo) in Downtown Orlando.

The theater opened with a private celebration on Thursday, May 28 attended by area business leaders and VIPs and officially opened to the public on Friday, May 29.

This opening marks the culmination of a vision that began in 2004 with the demolition of the defunct Jaymont block at Church Street and Orange Avenue – the main and main intersection in Downtown Orlando.

Upon completion of construction, the project has been plagued with liens, lawsuits, bankruptcies and myriad of setbacks.

In 2008, RP Realty Partners of Beverly Hills, CA purchased the retail portion of the Plaza and hired CB Richard Ellis to lease the second floor theater and remaining first floor retail spaces.

Senior Associate Bobby Palta (middle right photo) and First Vice President Wood Belcher (lower left photo) secured the theater tenant in April and executed the lease in August. RP Realty Partners secured a loan package from the City of Orlando in January and construction started in February.

Because of the complexities of this deal, Palta and Belcher were recognized by Orlando Business Journal as brokering one of 'The Best Real Estate Deals of 2008' within Central Florida.

The 57,000 square foot theater will be operated by the American Theater Corporation founded by proprietor Jim Duffy. This upscale state of the art cinema features digital surround sound on all 12 screens.

The two largest screens are digital high definition projection systems capable of 3-D movies, a first for Central Florida.

There are over 1,100 leather rocker seats in a stadium configuration with 10-inch tables and ample legroom.

Concessions range from traditional candy and popcorn to a full menu of pizza, sandwiches, and appetizers from cheese platters to caviar. Beer, wine and champagne will be served throughout the theater as well as in two wine bars.

"The response has been overwhelming. This is truly a first class theater located in the heart of Downtown Orlando – an entertainment destination for residents, workers and visitors from throughout Central Florida," says Palta.

Prices range from $4.50 for matinees to $9.50 for evening show times and include validation for parking within The Plaza garage.

Contact: Angelique Greven, 407.839.3158, angelique.greven@cbre.com

Cousins Chairman, CEO Bell to Retire July 1; Gellerstedt Elected CEO

ATLANTA, GA, June 8, 2009-- Cousins Properties Incorporated (NYSE: CUZ) announced today the retirement of Chairman and Chief Executive Officer Thomas D. Bell, Jr. (top right photo), effective July 1.

The Board of Directors elected President and Chief Operating Officer Larry L. Gellerstedt III (top left photo) to serve as CEO. Gellerstedt will retain the title of President.

The Board of Directors also elected S. Taylor Glover (bottom left photo) to serve as non-executive chairman of the board.

Bell has served as CEO of Cousins since January 2002 and chairman since December 2006. Among Bell’s many achievements during his tenure, he led the company as it sold nearly $3 billion in assets during the market’s peak resulting in special dividends totaling $12.62 per share.

“There is never a perfect time to leave a company as respected and admired as Cousins, but I’m confident that after seven and a half years as chief executive, the company is ready for new leadership and renewed energy,” Bell said.

“My decision to step aside now allows our extremely talented management team under the guidance of Larry to make important decisions that will prepare Cousins for the next phase of the real estate cycle.”

Gellerstedt, 53, joined Cousins Properties following the acquisition of his firm, The Gellerstedt Group, in June 2005.

Gellerstedt served as chairman and chief executive officer of the Beers Construction Company from 1986 to 1998. In 1998, after the sale of Beers to Skanska USA, he was elected chairman and chief executive officer of American Business Products, a NYSE-listed manufacturer of packaging and printed office products.

In 2000, Gellerstedt became president and chief operating officer of The Integral Group, a nationally known urban mixed-use development company. He went on to found The Gellerstedt Group in 2003.

“Tom Bell has been an extraordinary leader at Cousins and in our community,” Gellerstedt said. “What he has accomplished at the helm of Cousins during seven-plus years has been truly exceptional.

"All of us at Cousins have benefited greatly from his leadership and foresight and he will truly be missed. Just as it has for more than 50 years, our leadership team will continue to move Cousins forward, doing so with an unwavering commitment to our stakeholders, our communities and to excellence each day.”

Cousins founder and chairman emeritus Thomas G. Cousins (middle right photo) added, “I would like to thank Tom Bell for his seven and a half years of service to both the company and the community.

"He has worked tirelessly at both. I commend him especially for creating a succession plan in which I have great confidence.

"I’ve known Larry Gellerstedt for years and have every confidence he will move the company ahead with focus and determination. He is a gifted leader and has my total support.”

Glover joined the Cousins Properties Board of Directors in February 2005. He is currently the president and chief executive officer of Turner Enterprises Inc

Contact: Cameron Golden, 404-407-1984, Director of Investor Relations/Corporate Communications, camerongolden@cousinsproperties.com

Grubb & Ellis|Commercial Florida Names Donald Lombardi to Head Tax Assessment Consulting Services in Tampa

TAMPA, FL - Grubb & EllisCommercial Florida has appointed Donald Lombardi (top right photo) director of Tax Assessment Consulting Services.

Jeffrey S. Sweeney, SIOR, president of Grubb & EllisCommercial Florida, which is associated with 130 Grubb & Ellis offices worldwide, said Lombardi holds Bachelors and Masters Degrees from California State University, Fullerton, and attended University of Florida for three years of post-masters studies.

Lombardi was formerly a vice president with CB Richard Ellis, and president of Lombardi Florida Land Consulting in Tampa prior to joining Grubb & EllisCommercial Florida.

“The economic downturn has generated an aggressive new attitude on the part of local government taxing authorities and most commercial property owners are seeing an expensive overlap between fair market values and assessed values,” said Sweeney.

He has a thorough understanding of real estate market forces and commercial real estate operations. His thorough understanding of property tax issues for all segments of commercial real estate will play a big role helping commercial property owners pay their fair share of taxes,” Sweeney said.

Lombardi will be working out of the Grubb & EllisCommercial Florida office in Tampa.

Contacts:

Jeffrey Sweeney, 407-481-5387
Donald Lombardi 813-639-1111

http://www.commercialfl.com/

Diminished Buyer Pool in Miami Presents Opportunities for Retail Investors

MIAMI, FL— Retail properties in Miami-Dade County recorded negative net absorption in the first quarter as accumulating job losses stymied retail spending and forced merchants to vacate, according to a second-quarter Retail Research Report by Marcus & Millichap, the nation’s largest real estate investment services firm.

Additional increases in vacancy are expected during the remainder of 2009 as more tenants close and others reduce planned store openings.
“Investment activity has been quiet,” says Kirk Felici, (top right photo) regional manager of the Miami office of Marcus & Millichap.

“For prospective buyers, though, a lack of velocity and a thin investor pool could signal that now may be an opportune time to buy.”

Following are some of the most significant aspects of the Miami Retail Research Report:

· Employment in the county will decrease by 43,000 jobs, or 4.2 percent, in 2009, compared with a loss of 36,400 positions last year. Due to the decline in employment, retail spending is projected to fall approximately 10 percent this year.

· Developers have projects totaling 600,000 square feet slated to come online in 2009, which will expand retail stock 0.8 percent. In 2008, nearly 2.2 million square feet was completed.

· Supply growth will be minimal this year, but demand will remain soft, leading to a 180 basis point increase in the vacancy rate to 8.5 percent. Vacancy rose 160 basis points last year.

· Waning space demand will produce a 4.1 percent decrease in asking rents in 2009 to $23.59 per square foot, compared with a 1.4 percent rise last year. A 5.6 percent decline in effective rents to $20.36 per square foot is projected, one year after effective rents slid 1.7 percent.

For a copy of the complete Miami Retail Research Report, as well as reports on other markets nationwide, visit our website at http://www.marcusmillichap.com/.

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

Grubb & Ellis Promotes 11 Top Producers

CHICAGO, IL – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, has promoted 10 professionals to executive vice president from senior vice president and one professional to senior vice president status.

The new executive vice presidents are:

John Gavin (top right photo),
Jim Kerrigan (top left photo),
Paul Lundstedt (middle right photo under John Gavin photo),

Vineet Sahgal (middle left photo under Jim Kerrigan photo),
Jay Stewart (middle right photo under Paul Lundstedt photo),
Sven Sykes (middle left photo under Vineet Sahgal photo),
Tom Tunnicliff (middle left photo under Seven Sykes photo)

Tom Volini (middle right photo under Jay Stewart photo )
George Cushing (bottom right photo)

Tom Page (bottom left photo)

Jeff Perpich, new senior vice president, bottom left photo under Tom Page photo)

“The consistently high performance and commitment to superior client service demonstrated by these distinguished individuals set the standard for professionals throughout our company and the entire industry,” said Jack Van Berkel, chief operating officer of Grubb & Ellis and
president, Real Estate Services.

“We are very proud of what they have achieved during their careers and couldn’t be more pleased to have them on our team.”

Lundstedt and Gavin, comprising one of the leading institutional investment teams in the Chicago area, joined Grubb & Ellis’ Institutional Capital Markets group in February of 2009 from Cushman & Wakefield, where they served as executive directors in the Capital Markets Group and were consistently ranked as top producers nationally.

Lundstedt and Gavin have participated in major disposition and recapitalization projects with a total value in excess of $15 billion and $10 billion, respectively.

Kerrigan joined Grubb & Ellis in September of 2008 to lead the company’s National Data Center practice group.

Previously, he was a principal with Staubach and then Jones Lang LaSalle, where he represented clients such as DuPont Fabros, Equinix and SAVVIS Inc.

Kerrigan is a member of the data center organization 7x24 Exchange International, the Chicago Office Leasing Brokers Association, and is a director on the University of Illinois Real Estate Forum.

Sahgal, who joined Grubb & Ellis in 2005, represents a number of national tenants in multiple markets, including Careerbuilder.com, for which he negotiated the lease for the company’s 150,000-square-foot downtown Chicago headquarters in 2008.

Previously, he was senior vice president of the Corporate Advisory/Tenant Representation practice at Jones Lang LaSalle, where was elected to the Jones Lang LaSalle Club recognizing the top five percent of the firm’s officers.

Sahgal has transacted over 6 million square feet of lease transactions in his career and has been consistently recognized at Grubb & Ellis Company’s Circle of Excellence.

Stewart and Tunnicliff, who joined Grubb & Ellis in 2007, are one of the most successful tenant representation teams in the metropolitan Chicago area.

Representative clients include Harley-Davidson Financial Services, Inc., Environ International, Forsythe Solutions Group, Inc., Summit Marketing, Stifel, Nicolaus & Company, Incorporated, Wells Fargo and Xchanging, Inc.

Previously, Stewart and Tunnicliff were executive vice presidents with Trammel Crow Company, and principals and managing directors at the John Buck Company.

Sykes, a director in the company’s Tenant Advisory Group, represents clients on a national basis including Hallmark Corporation, NAVTEQ and HNTB.

Over the course of his 24-year career, he has completed more than 800 office leasing assignments totaling more than 18 million square feet. Prior to joining Grubb & Ellis in 2003, Sykes was an executive director of Insignia/ESG’s Chicago office.

Volini joined Grubb & Ellis’ Tenant Advisory Group in 2001 and represents office tenants on a national basis. A 15-year veteran of the industry, Volini has completed tenant representation assignments totaling more than 8 million square feet with total consideration in excess of $2 billion.

Since 2003, he has consistently been an honoree at Grubb & Ellis' Circle of Excellence awards, ranking him among the top brokerage professionals companywide.

“George (Cushing) and Ken (Page) have demonstrated high integrity and consistently excelled throughout their careers,” said Berkel. “We are very proud of what they have achieved as industry professionals and couldn’t be more pleased to have them on our team.”

With more than 32 years of experience, Cushing specializes in the sale of retail investment properties. He has qualified six times for the Circle of Excellence, which recognizes the company’s top brokerage sales professionals, and serves as a member of Grubb & Ellis’ Brokerage Leadership Board.

Since the year 2000, Cushing has facilitated the sale of 97 shopping centers throughout Texas and the U.S. He was ranked the No. 1 broker in Houston four of the last six years, ranked No. 1 in Texas in 2008 and has ranked nationally in the company’s top 10 brokers three of the last five years.

Page, a 25-year veteran of the commercial real estate industry, is responsible for real estate investment banking activities, including the marketing of investment property for sale in the Southwest region.

He is a member of Grubb & Ellis’ Institutional Capital Markets Group. He has sold more than 30 million square feet of space throughout his career and since 2006, space valued at approximately $1 billion.

Jeff Perpich, one of the premier management services and asset management professionals in the Midwest, has joined the firm as senior vice president, director of Management Services, effective immediately.

“The Chicago market has one of the deepest pools of real estate talent in the country, and we had a lot of very qualified candidates to choose from,” said Eric Forshee, executive managing director, Grubb & Ellis Management Services, Inc. “Jeff quickly rose to the top of our list because of his vast experience in every aspect of our selection criteria. We are happy he decided to join our growing team of professionals.”

In this new position, Perpich will lead Grubb & Ellis’ property management team in Chicago and oversee and expand the company’s Management Services business in the Midwest markets.

Contacts:

Erin Mays, 312.698.6735, erin.mays@grubb-ellis.com

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

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

Marcus & Millichaps Promotes 3 to Regional Manager Posts

DAN COLACHICCO IS NEW REGIONAL MANAGER OF ORLANDO OFFICE

ORLANDO, FL-- Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named Dan Colachicco (top right photo) regional manager of the firm’s Orlando office, according to Harvey E. Green, (bottom left photo) president and chief executive officer.

“Dan’s extensive commercial real estate brokerage skills and sales management expertise make him an invaluable resource to our agents and clients throughout Central Florida,” says Green.

Colachicco joined the Orlando office of Marcus & Millichap in 2004 as an office, industrial and retail investment specialist. He achieved associate status and earned a sales recognition award in 2007. Most recently, Colachicco was the sales manager in the Orlando office.

Prior to joining the firm, Colachicco owned and operated a commercial brokerage and development firm in Longwood, Fla. He also was the national site selector for a global executive suite company. As site selector, he expanded the company’s office portfolio from nine to 41 locations.

J. MICHAEL WATSON NAMED REGIONAL MANAGER IN AUSTIN

AUSTIN, TX--Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named J. Michael Watson (middle left photo) regional manager of the firm’s Austin office, according to Harvey E. Green, president and chief executive officer.

“Michael has been serving as the regional manager of the San Antonio office since May 2008 and he will now manage both offices,” comments Green. “His extensive management experience and his highly successful track record as an investment specialist make him an invaluable resource to our clients and agents in Austin, San Antonio and throughout Texas.”

Watson joined the Austin office as a sales associate in 2003. He was named a director of the firm’s National Multi Housing Group (NMHG) in 2006 and was promoted to senior associate. Watson became a member of the firm’s prestigious Seven Figure Club in 2007. He is the recipient of one National Achievement Award and three Sales Achievement Awards.

In November of 2007, Watson joined the management team as sales manager of the Houston office. Prior to joining Marcus & Millichap, Watson served as a U.S. Marine Corps officer for over 13 years, both on active duty and reserves, and also worked as a finance controller at Advanced Micro Devices in Austin. He holds a bachelor’s degree in geology and an M.B.A. from Texas A & M University.

BRENT SMITH GETS REGIONAL MANAGER JOB IN HOUSTON

HOUSTON, TX– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named Brent Smith (bottom right photo) regional manager of the firm’s Houston office, according to Harvey E. Green, president and chief executive officer.

“Brent’s extensive experience in sales management and his successful track record as an investment specialist make him an invaluable resource to our clients and agents in Houston, throughout Texas and the southwestern United States.”

Most recently, Smith was the sales manager of the Austin office. He joined Marcus & Millichap in 2003 as an investment specialist focusing on shopping centers in southern Texas.

During his first year as a broker, he generated marketing assignments in excess of $28 million and closed more than $17 million in transactions. Also in 2003, Smith opened the firm’s San Antonio office. In 2004, he achieved associate status and in 2005, he was promoted to sales manager of the Houston office.

Prior to joining the firm, Smith spent eight years in the marketing. He co-founded the Yehti Corp., a software company for which he helped raise more than $2 million in private startup capital. He also managed product marketing for Dell Computer Corp.’s $4.5 billion Dimension product line and served as an operations manager for United Parcel Service.

Smith received a bachelor’s degree in finance and an MBA from The University of Texas.

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

Marcus & Millichap Sells 4,152-SF Single-Tenant Net-Leased Building in Sarasota, FL

SARASOTA, FL, June 5, 2009 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Valley National Gas, (bottom left photo) a 4,152 square-foot single-tenant net-leased property located in Sarasota, Florida, according to Bryn D. Merrey, (top right photo) Regional Manager of the firm’s Tampa office.

The asset commanded a sales price of $330,000.

Michael Jaworski, (middle right photo) an investment specialist in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a private investor.

The buyer, a partnership, was secured and represented by Ronald Schultz, an investment specialist in Marcus & Millichap’s Tampa office.

The tenant was recently purchased by Matheson Tri-Gas, a subsidiary of Japan-based Taiyo Nippon Sanso Group.

“This greatly improved the credit of the existing tenant and made the deal extremely attractive to the buyer”, states Jaworski.

This free-standing, single-tenant, triple-net leased industrial property was built in 1982 and is located at 6671 15th Street East in Sarasota, Florida. Valley National Gas has been in business for over 50 years and operates in 18 states with 90 locations.

Press Contact: Bryn D. MerreyRegional Manager, Tampa(813) 387-4700

Liberty Property Trust Receives Leed Gold Core and Shell Certification for Tampa Building

TAMPA, FL-- Liberty Property Trust (NYSE:LRY), the real estate investment trust that owns and manages nearly 2.8 million square feet of office and industrial properties in Tampa, announced that its 4631 Woodland Boulevard (top right photo) building has earned LEED Gold-CS (Core and Shell) certification from the U.S. Green Building Council (USGBC).

This project marks the first speculative office building in Tampa to receive LEED-CS Gold certification.

“Our team was very diligent from the onset of this project, initially with its design to meet LEED-CS certification and through the development process,” said Jody Johnston, (middle left photo) vice president and city manager, Liberty Property Trust.

“During construction we recycled 96% of all building materials, diverting waste to overcrowded landfills. Our team also paid very close attention to energy and resource conservation, indoor air quality and tenant exposure to natural light.

"We project an estimated 20% savings in energy costs by using high energy-efficient HVAC equipment and a 50% reduction in water usage using water reducing fixtures - these are significant savings.”

“This building represents a new era in office space options within the Tampa market,” said Liberty’s LEED consultant Joanna Switzer, (botom right photo) senior consultant at Green Building Services.

"Liberty has demonstrated a commitment to their tenants by offering a building with ample access to views, daylight, and optimal air quality.

"Liberty has also incorporated sustainable principles into their own office suite within the building and provided educational information to tenants regarding the importance of using low-VOC products and energy efficient systems designs to further contribute to the long-term health and performance of the building.”

Contacts:

General Inquiries: Jody Johnston, Liberty Property Trust, 813/881-1776

Media Contact: Margo Hunt Winans, a.s.a.p.r., 757/404-8653

Junior Achievement and Gensler Announce Groundbreaking of “Junior Achievement Finance Park” in Fairfax County, VA

FAIRFAX COUNTY, VA--Junior Achievement and Gensler announce the groundbreaking of the Junior Achievement Finance Park (top left rendering) on June 11, 2009, from 10:30 – 11:30 a.m.

On-site camera and interview opportunities will be available with state and local officials, Fairfax County middle school students, and officials from Junior Achievement, Fairfax County Public Schools, Gensler and Capital One Financial Corporation.

Finance Park represents Junior Achievement’s major commitment to financial literacy education to Greater Washington and underscores the importance of its vision to inspire and prepare young people to succeed in a global economy.

Junior Achievement (JA) is a non-profit organization dedicated to teaching workforce readiness, entrepreneurship and financial literacy to students through experience-rich, hands-on programs. Their student programs have been so successful that Fairfax County Public Schools has made the Junior Achievement curriculum mandatory for all Fairfax County students.

Junior Achievement Finance Park will be located on the campus of Frost Middle School in the heart of Fairfax County and is scheduled to open in early 2010. Finance Park will teach students the important guidelines of personal budgeting and real-life adult responsibilities through an experience similar to a “mini-city”.

Gensler designed a gracious, modern facility that will house a marketplace of branded storefronts. The city atmosphere will allow students the opportunity to apply financial and economical decision-making skills in a real world, but safe “city” setting.

Contact: Julia Chappell, Gensler, 202-721-5341, julia_chappell@gensler.com

CBRE's Shelton Granade Name to 40 Under 40 List

ORLANDO, FL– The Orlando office of CB Richard Ellis is pleased to announce that Shelton Granade, (top right photo) First Vice President and head of the Central Florida Multi-Housing Group, has been named to Real Estate Florida Magazine's "40 Under 40" list.

The "40 under 40" list honors select men and women under the age of 40 who are helping to shape the future through their business and community involvement.

Granade and the CBRE Central Florida Multi-Housing Group have been recognized as the top apartment sales team in Orlando over the last several years. The Group has closed more than $3 billion in local apartment sales over the last five years, and Granade was CBRE's top apartment broker in Florida in 2008.

Contact: mrose@cbremarketing.com

RealtyTrac and Keller Williams Realty Launch New Strategic Partnership

IRVINE, CA – RealtyTrac™ (http://www.realtytrac.com/), the leading online marketplace for foreclosure properties, and Keller Williams Realty Inc., the third-largest residential real estate franchise in the United States, announced today a new strategic partnership where RealtyTrac will provide comprehensive national foreclosure data on KW.com, the company’s national Website.

“This is an exciting new partnership with one of the nation’s leading real estate franchises and we are thrilled to be providing Keller Williams Realty with foreclosure data,” said Rick Sharga, (top left photo) senior vice president of RealtyTrac.

“We plan to grow our partnership with Keller Williams Realty by adding educational content on foreclosures and other valuable resources to help the company’s associates and customers.”

As part of the new partnership, RealtyTrac will provide real-time foreclosure search capabilities to KW.com, so that visitors to the Website can access pre-foreclosure, auction and bank-owned foreclosure properties.

“We are excited to add foreclosure data to KW.com,” said Cary Sylvester, (middle right photo) executive director of technology at Keller Williams Realty International. “By adding foreclosure data to our website, we are adding a valuable tool to enable home sellers, home buyers and our associates to get a great snapshot of the current foreclosure landscape.”

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

Stan Johnson Co. launches new website focused on providing real time information

TULSA, OK – Stan Johnson Company, one of the nation’s premier net lease brokerage firms, has launched a new website – http://www.stanjohnsonco.com/ – that focuses providing real time information to investors, brokers and those interested in the net lease and commercial real estate industry.

“We’ve designed our new website to be resourceful to the commercial real estate investment savvy, and provide answers to questions relating to the what's happening in the commercial real estate market today and tomorrow,” said Tamra Davis, (top right photo) marketing manager, Stan Johnson Company.

Some of the new features include:

· Net Lease Perspectives Blog: Updated weekly by Stan Johnson Company CEO, Stan Johnson to address what its net lease specialists are experiencing in today’s market in terms of cap rates, property valuation, credit trends and more. Join other commercial real estate professionals and investors in our discussion on the hot topics of today.

· Cap Rate Forecast: A forecast of what Stan Johnson Company predicts where cap rates will be in 90 days and what are the major drivers.

· Opinion Polls – An opportunity to vote and view the results to polls related to where you think the net lease sector is heading.

Additionally, the new website contains an enhanced property search feature as well as a cleaner, simpler layout that allows you to quickly locate information with fewer steps.

Contact: David Ebeling, Ebeling Communications, (949) 278-7851. david@ebelingcomm.com