CB Richard Ellis Awarded Exclusive Listing and Property Management Agreement for Posner Commons

ORLANDO, FL - CB Richard Ellis, leader in commercial real estate services worldwide, is pleased to announce the exclusive listing and property management agreement for Posner Commons, (rendering above) which is being developed by Trammell Crow Company's Atlanta office, headed by Larry Pantlin, in joint venture with Land Development and MetLife.

Jorge Rodriguez, CCIM and Associate with CB Richard Ellis, is the listing agent and Barbara Halgren, Real Estate Manager, is the property manager.

Posner Commons is a 630,000 square foot development at the Southeast corner of Interstate 4 and US Highway 27 in Polk County, is owned by Trammell Crow Company, MetLife, and the Posner Family. Rodriguez is very positive about this new development and the opportunities it brings to Polk County.

"Posner is one of the largest projects in central Florida to be delivered mid-2008. It has a captive audience in the Four Corners/Polk County trade area with limited competition within a 15-mile regional trade area," says Rodriguez. "Polk County is projected to be one of the fastest growing counties in Florida over the next 20 years."

This 368-acre development is the perfect place for America's largest retailers as well as junior anchors, small shops, and outpads. The park is currently 80% leased with available spaces starting at 1,400 square feet. Target opened on March 4th, (photo at left above) with a series of large retailers soon to follow. Belk opened its doors on March 12th (photo at right) and Books-A-Million on March 14th. Best Buy and Staples are tentatively set to open in early to mid-April. Some of the other great tenants include JCPenney, PetSmart, Dick's Sporting Goods, Michael's, and Ross.

Larry LoCascio, Director of Asset Services at CB Richard Ellis, says, "It's a huge win for Asset Service Retail leasing and management. This win solidifies the CBRE name brand and strength as the premier Retail real estate services provider in Orlando as well as in the State of Florida. We are very excited about the opportunity."

CONTACTS:
Jessica Wilhoite
407.839.3158
jessica.wilhoite@cbre.com

Jorge Rodriguez
407.404.5014
jorge.rodriguez@cbre.com

CBRE Announces 147,197-SF Industrial Lease at Madison Business Center in Tampa

New Tenants and Construction Challenge Recession Claims

TAMPA, FL-- CB Richard Ellis (CBRE) is pleased to have represented IDI in their lease of 147,197 square feet to American Tire Distributors, at Madison Business Center, Building E. (photo top right)

Rick Narkiewicz, (photo below at left) First Vice President and industrial real estate broker with CBRE, negotiated the lease on behalf of the landlord. Texas-based, tenant representation firm Jackson & Cooksey Inc. represented the tenant. American Tire Distributors is scheduled to occupy this summer and will be tripling its capacity in Tampa at the state-of the-art facilities of Madison Business Center.

Madison Business Center, IDI's first business park in the Tampa market, has been built to higher standards than past generations of industrial product. The building has a minimum of 28' clear height for increased warehouse clearance, deeper truck courts and wider column spacing. These features, paired with the ESFR fire suppression system, should reduce American Tire's operating costs, give greater cubic capacity and are likely to lower insurance premiums.

"This new generation of distribution facilities is enabling companies to increase their cubic capacity while reducing their amount of rental square feet. I am seeing more companies wanting the 28' and 30' clear warehouse so they can reduce operating costs," remarks Narkiewicz.

The American Tire expansion, among others, has lead Narkiewicz to question recent claims of a recession, "Over the past two quarters, Tampa has experienced a significant amount of leasing activity from prominent national-credit tenants at record high lease rates. From my perspective this demonstrates that many larger companies understand the importance of servicing the Tampa Bay area and are taking the necessary steps to grow their market share. "

Narkiewicz also talks about the strong foundation of Tampa's industrial market where the vacancy rate is near a historic low of below 5 percent. "Demand for quality facilities is steady, rental rates have reached records highs and rental concessions are minimal," says Narkiewicz. "At Madison Business Center, prospective tenants are already talking to us about our next buildings, with several large build-to-suit tenants seriously considering the location."

Commenting on recent speculative developments in the industrial market, Narkiewicz says, "[It] has filled a serious void and will help bring the market towards equilibrium. Additionally, having multiple relocation options available will attract companies and new jobs to the Tampa Bay area."

About IDI
(http://cbremarketing.com/ve/ZZN702863C6128P88nb2/stype=click/OID=108317172942335/VT=0) is a national, full-service industrial real estate developer based in Atlanta, providing strategically located properties throughout the U.S. to meet its tenants' distribution, warehouse and light-manufacturing needs. To date, IDI has developed 115 million square feet of industrial space valued at $5.6 billion. IDI has development offices in Atlanta, Cincinnati, Chicago, Dallas, Fort Lauderdale, Los Angeles, Memphis and Philadelphia.

Also, IDI Services Group (http://cbremarketing.com/ve/ZZN702863C6128P88nb2/stype=click/OID=608317172942619/VT=0/VT=0) provides comprehensive property management, leasing and construction management services, currently managing more than 60 million square feet of property for IDI tenants, including third-party owners such as pension funds and insurance companies.

CONTACTS:

Rick Narkiewicz
813.273.8444
rick.narkiewicz@cbre.com
Lauren Crawford
813.273.8482
lauren.crawford@cbre.com

GVA Advantis Negotiates New 9,116-SF Lease in Laurel Place for Mancuso & Dias, P.A. Headquarters

TAMPA, FL – GVA Advantis is pleased to announce it has negotiated a new 9,116-square foot long-term lease in Laurel Place (photo at right) for Mancuso & Dias, P.A. in Tampa, Hillsborough County, Florida.

GVA Advantis’ Lauren Geller, (photo below at right) associate of office services, and Paula Buffa, (photo below at left) CCIM, senior director of office services, negotiated the transaction on behalf of the property owner, Menkure Pyramid, LLC, an affiliate company of Arcis Investments, Inc. Arcis manages the property and is a provider of complete services and real estate investment opportunities in the southeast United States to select investors (www.ArcisInc.com).

Mancuso & Dias, P.A. is a law firm that focuses on defense cases relating to nursing home and auto claims. Headquartered in Tampa with additional offices in West Palm Beach, FL and Philadelphia, PA, Mancuso and Dias, P.A., was represented by the Staubach Company in the transaction.

““We are very excited to welcome Mancuso & Dias to Laurel Place,” says Geller. “This law firm is a wonderful addition to our tenant roster!” Other well-known tenants who occupy Laurel Place include the United States Postal Service, Hewlett-Packard and McGraw-Hill.

Laurel Place is a 41,228-square foot class A office property located at 5102 West Laurel Street in the Westshore Business District of Tampa. The single-story building is situated at the corner of Laurel and O’Brien Streets, just west of Westshore Boulevard. Located in a Verizon SmartPark, the brick structure features new FIOS wiring, secure card access to the building, a 5:1,000 per square foot parking ratio and mature trees on the property.

GVA Advantis is a full-service real estate firm that leases, manages and sells office, industrial, retail and other commercial real estate properties and sites. The company also provides tenant representation, corporate real estate, construction and project management services.

GVA Advantis employs approximately 400 people, leases and manages more than 30 million square feet of commercial facilities, and had an annual transaction volume of approximately $1.5 billion in 2007. Including its headquarters in Atlanta, the company has 15 regional offices throughout the Southeast and Mid-Atlantic. For more information, visit www.gvaadvantis.com.


CONTACT:
Lisa Hyde
Director of Marketing
Advantis Real Estate Services Company
3000 Bayport Drive, Suite 100
Tampa, Florida 33607
Tel 813.342.4752
Fax 813.342.4004
E-mail Lhyde@gvaadvantis.com
http://www.gvaadvantis.com/

Cushman & Wakefield Sees More Apartment Development in 2008

ORLANDO, FL – Apartment development should increase this year and approach historic levels, says an Orlando multi-family expert.

Jay Ballard, (top left photo) senior director at Cushman and Wakefield’s Apartment Brokerage Services division, said new apartment development has averaged 2,750 to 3,000 units per year over the past 24 months.

Historically, Central Florida has averaged annual new apartment deliveries in the 5,000 to 6,000 unit range, Ballard said.

“Robust new home development and historically strong job growth generated an annual absorption of 5,500 to 6,000 units over the last several years,” Ballard said.

Recent research indicates that while multi-family developers have lost some apartment sites to homebuilders, new construction deliveries of multi-family apartments could top 5,000 units in 2008 within sight of Central Florida’s historic averages.

Ballard, added absorption will likely remain steady while land prices have recently begun to plateau.

“Developers are also seeing new ways to finance new apartment projects. The market will prevail despite the challenges of costs, debt and equity financing for new construction”, Ballard explained

For more information, contact:
Jay Ballard, Apartment Brokerage Services, 407-541-4406
Larry Vershel or Beth Payan, LV Communications, 407-644-4142

Daly Gray Public Relations Celebrates 20 Years of Hospitality PR

The Daly Gray Team from left: Jerry Daly, President; Katheryn Gray, Principal; Carol McCune, Senior Vice President; Chris Daly, Vice President; Melanie Boyer, Account Executive; Julie Tullbane, Operations Manager.

Daly Gray Established Specialized Niche in “Business of Hotels”

HERNDON, VA—Daly Gray Public Relations, a communications firm specializing in the hospitality industry, today announced that it will kick off a year-long celebration to commemorate the company’s 20th anniversary. Over the next 12 months, the firm will conduct a series of activities to thank its clients.

During the past two decades, the company defined and created a new PR niche focused on the business of hotels and remains the leader in that segment.

“When we began, the industry and media focused almost exclusively on hotel operations and branding,” said Jerry Daly, president of Daly Gray. “The industry was undergoing a major crisis due to the collapse of the savings and loan industry in the early 1990s just as we were getting underway.

"As a result, the business of hotels, including ownership, development, management, finance and the key suppliers who make the industry run, became of more interest to the media. Concurrently, Wall Street was beginning to embrace the hotel industry and a number of companies went public during the 1990s, including the first hotel real estate investment trust."

“We responded to these changes by developing communications programs that helped hotel companies define and articulate their corporate strategies so that they could more easily reach their business objectives,” he noted. “We played a meaningful role in bringing many of these public and private companies to the world.

"We have been involved in some 50 initial public and follow-on stock offerings, as well as announcing billions of dollars in private funds. In the past two decades, we estimate conservatively that we have been involved in more than $200 billion in transactions, including mergers, acquisitions/dispositions, and financings.”

Today, the firm estimates that it “touches” directly or indirectly about one fourth of all the hotels in the U.S. and a rapidly growing number of overseas properties. Daly Gray executives have been involved in the launch of six hotel brands and hundreds of grand openings and milestone events. The firm is a well-recognized expert on hotel and restaurant crisis communications, handling nearly 100 situations a year, ranging from fires to food-borne illnesses.

Daly Gray has represented more than 100 hotel, restaurant, casino and hospitality supplier companies and associations, and currently has approximately 50 active clients. “Over the past decade, many of our clients have been acquired or merged with other companies,” said Chris Daly, vice president. “We are fortunate to typically remain with the new company and/or help the former senior executives with the formation of new ventures. While we represent many of the largest companies in the industry, we equally relish the opportunity to help new companies become successful.”

Chris Daly noted that, because of the company’s breadth of clients, the firm “sees” the industry across the complete spectrum. “For example, we are able to tell our brand clients what owners think and counsel our management company clients about what owners want,” he said. “This allows us to give unparalleled communications counsel.”

Daly Gray was founded in December 1987 when Jerry Daly and Katheryn Gray joined together to create a firm specializing in hospitality and real estate communications. “Our first client was a diversified commercial real estate company, followed by a casino and a hotel company. We began in earnest with the hotel industry while working with the RTC to help them communicate how they were going to dispose of more than 400 hotels,” said Jerry Daly.

All of the firm’s associates have “hotel genes,” with an average of more than 10 years in the hotel industry. “It was gratifying to welcome my son Chris to the firm as a summer intern nearly 15 years ago, Jerry Daly said. "Today, he is responsible for approximately half of our business.

"Our firm has been through all phases of the hotel cycle for the past 20 years and we still learn something new every day. We call upon our in-depth understanding of the industry, but no two days or transactions are ever alike. That’s what keeps the business interesting.”

Founded in 1987, Daly Gray Public Relations is one of the nation’s leading hospitality and real estate communications consultancies. In addition, the firm has in-depth experience in some 10 other industries. Daly Gray’s hospitality account group serves some 50 companies and associations, including brands, ownership groups, management companies, conferences, suppliers and consultants.

The agency’s services include financial relations, marketing communications and product support, employee and organizational communications, crisis communications, advertising, strategic planning and community relations.

Adds Chris Daly: "The entire DG family would like to thank everyone for working with us over the years and apparently still opening our e-mails to this day. We’re certainly looking forward to the next 20."

CONTACTS:

Jerry Daly, President, 703 435 6296 or
Chris Daly, Vice President, 703 435 6293
chris@dalygray.com

jerry@dalygray.com

Daly Gray Public Relations

620 Herndon Parkway, Suite 115

Herndon, VA 20170

Marcus & Millichap Names David Guido Sales Manager of Phoenix and Tucson Offices

PHOENIX, AZ– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named David Guido (top right photo) sales manager of the Phoenix and Tucson offices, according to Harvey E. Green, (top left photo) president and chief executive officer of Marcus & Millichap.

“David brings a strong, diverse background and skill set to the sales manager position,” comments David Wetta, senior vice president and managing director of Marcus & Millichap. Wetta is also the regional manager of the firm’s Phoenix and Tucson offices. “His experience with retail investment sales and other property types will be a tremendous asset to our clients and agents throughout Arizona and across the Southwest.”

Guido joined the Phoenix office in July 1999. Specializing in retail properties, he was named associate director of the firm’s National Retail Group. He was also a member of the Net Leased Properties Group. Guido earned two National Achievement Awards, the first occurring in 2004 when he was also promoted to senior associate.

He has received several internal sales awards while with the firm. Prior to joining Marcus & Millichap, Guido worked for Motorola and U.S. Surgical in sales. Guido earned a bachelor’s degree in economics from Indiana University.

Contact:

Stacey Corso
Public Relations Manager
Marcus & Millichap
2999 Oak Road
Suite 210
Walnut Creek, CA 94597
Office: 925.953.1716
Mobile: 415.672.6460
Fax: 925.953.1710
http://www.marcusmillichap.com/

CB Richard Ellis Project Management Wins Contract With TIAA-CREF on New Sweet Tomatoes Restaurant

ORLANDO, FL - CB Richard Ellis, worldwide leader in commercial real estate services, is pleased to announce a new project management agreement with TIAA-CREF to serve as the owner's representative in the construction of a new, ground-up, Sweet Tomatoes Restaurant. Upon completion, the new restaurant will stand in the existing Crossroads Shopping Center at Lake Buena Vista in Orlando, Florida.

Those responsible for this big win at CB Richard Ellis were, Dave Kreinest, Managing Director of the Project Management Division, Brit Christian, (photo at right) Director of Project Management for Florida, and Nick Boehme, (photo at left) Project Manager in Orlando. They closed the agreement by supporting TIAA-CREF in work letter negotiations, design oversight, and pre-construction planning. Nick Boehme, as their single point of contact, will oversee site modifications and construction of the 7,500 square foot building which is expected to be complete by the fourth quarter of 2008.

Nick Boehme states, "We were able to help our client take advantage of the remaining development potential in the existing shopping center. By leveraging the great relationships that CBRE has with vendors in the construction industry, we helped pass on savings in time and money to TIAA-CREF. The addition of a nationally recognized restaurant combined with the strategic location near Orlando's attractions will candidly draw in more consumers to the property."

Contact:
Jessica Wilhoite
407.839.3158
jessica.wilhoite@cbre.com

Nick Boehme
407.404.5043
nick.boehme@cbre.com

Tampa Industrial Deals Slowed but Vacancy Levels Stabilize

TAMPA, FL--Tampa’s deal velocity slowed rather abruptly in the second half of 2007, yet healthy property level fundamentals will benefit its industrial market heading into 2008, according to the most recent market overview prepared by Randy Smith,(photo at left) director of research in the Tampa office of GVA Advantis.

Net absorption of 1.8 million square feet for the year kept Tampa’s vacancy levels stabilized even with 1.5 million square feet of new deliveries for 2007. The direct vacancy rate remained below the five-percent mark for the seventh straight quarter, registering 4.4 percent at year-end. Rents nudged higher in the fourth quarter pushing the average asking rate a substantial 11.2 percent for the year.

Despite some storm clouds on the horizon, Tampa’s industrial market closed out a strong three-year run of activity which amassed 5.4 million square feet of net absorption through the end of 2007. During this cycle, starting in 2005, new industrial development increased at a moderate pace, adding 3.7 million square feet of new deliveries. This restraint in new supply allowed Tampa’s industrial inventory to achieve historic lows in vacancy which were maintained during 2007.

Portfolio activity provided a healthy boost to Tampa’s industrial sales in 2007. Despite fewer transactions than in 2006, Tampa’s annual volume increased to $216.5 million in 2007, a hefty 70 percent increase over the previous year. Based upon product type, the sales were weighted slightly toward the distribution sector, which captured 55 percent of the total dollar volume in 2007.

For a more detailed industrial market report, please contact:

Randy Smith

Director of Research

Advantis Real Estate Services Company
3000 Bayport Drive, Suite 100
Tampa, FL 33607
Tel 813.342.4725

Fax 813.372.4004

E-mail rsmith@gvaadvantis.com
www.gvaadvantis.com

HFF Los Angeles Hires Michael Bachenheimer as Director in Debt Placement Group

LOS ANGELES, CA – HFF (Holliday Fenoglio Fowler, L.P.) has hired Michael Bachenheimer in Los Angeles as a director in the debt placement group.

Mr. Bachenheimer has more than 10 years of experience in commercial real estate investment banking and at HFF will focus on originating debt and equity transactions throughout the Western United States. Prior to joining HFF, he was an associate director in the commercial mortgage group at Bear, Stearns & Co., Inc., where he closed more than $600 million of floating and fixed-rate securitized commercial loans.

Mr. Bachenheimer was also an appraiser at Cushman & Wakefield and a consultant within the hospitality finance industry. He has a Bachelor of Arts degree from Michigan State University and is Series 7 and 63 certified.

“We are continuing to expand upon our debt placement platform with the hiring of Michael Bachenheimer,” said Scott McMullin, executive managing director in HFF Los Angeles. “Since the start of 2008, HFF Los Angeles has hired two debt producers including Mr. Bachenheimer, a self-storage investment sales producer, a retail investment sales producer as well as support staff.”

Contacts:

Laurie Fish McDowell
Associate Director HFF

One Post Office Square, Suite 3500

Boston, MA 02109
tel 617.338.0990

fax 617.338.2150

http://www.hfflp.com/
lmcdowell@hfflp.com

Scott F. McMullin

HFF Executive Managing Director

310 407 2100

smcmullin@hfflp.com

Sale of Binz Building in Downtown Houston Closed by HFF

HOUSTON, TX – The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) has closed the sale of the Binz Building, (photo at right) a 119,436-square-foot office building in downtown Houston. Senior managing director Dan Miller and associate director Marty Hogan led the HFF investment sales team exclusively on behalf of the seller, RPD Catalyst. Royal Investors Group, LLC purchased the property free and clear of debt for an undisclosed amount.

The Binz Building has a 13 stories of office space that is 89% leased to tenants including MCIMetro and Grande Communication Network, and an eight-level, 457-space attached parking garage. On-site amenities include overnight shipping services, a hair salon and two restaurants. Located at 1001 Texas Avenue, the property is accessible via Interstate Highways 10 and 45 and is adjacent to the METRORail line in downtown Houston.

“The Binz Building has immediate upside potential through the lease-up of vacant space, as well as the opportunity to increase below-market, in-place rents that are almost $5 per square foot below current market rental rates,” said Miller.

Royal Investors Group, established on October 8, 1996, is a private limited liability company duly registered in the State of California. It has been engaged in the purchase and sale of properties in the Antelope Valley, including the cities of Lancaster and Palmdale, and the unincorporated areas of Los Angeles and Kern Counties, for the past 10 years.

Its primary business involves assembling large parcels of land and subdividing the properties into single-family residential home sites. Typical projects range in size from 10 to 100 acres, however, the principals and partners of Royal Investors Group have also been involved with properties as large as 1,000 acres.

In the last two years, Royal Investors Group purchased more retail centers in Texas and is interested in acquiring more office, medial and retail centers throughout the state.

Contacts:

Laurie Fish McDowell
Associate Director HFF

One Post Office Square, Suite 3500

Boston, MA 02109
tel 617.338.0990

fax 617.338.2150

http://www.hfflp.com/
lmcdowell@hfflp.com

H. DAN MILLER, CCIM, SIOR
HFF Senior Managing Director
(713) 852-3500
dmiller@hfflp.com

MARTIN T. HOGAN

HFF Associate

(713) 852-3500

mhogan@hfflp.com

CBRE Overview on Orlando Multi-Housing Market

CBRE CENTRAL FLORIDA MULTI-HOUSING GROUP: $ 570 million, 5,391 units closed in Central Florida 2007

ORLANDO, FL--ORLANDO RENTAL MARKET FUNDAMENTALS
Metro Orlando’s multi-family rental market finished 2007 approaching stabilization as the effects of the condo conversion “shadow” market began to wane, according to a March market overview prepared by Shelton D. Granade, (photo at right) first vice president, CB Richard Ellis--Central Florida Multi-Housing Group, and Luke Wickham, (photo at left) director of operations in the same group.

Gross occupancy for the metro area finished above 94% at year end, according to M/PF Research. That figure was down about 1 point from a year earlier but held steady from March to December 2007. Average rent was also down about 1% for the year from $839 to $829 as many units intended for conversion to condominiums had to aggressively lease back up as rentals.

The encouraging news is that demand was up again in 3rd and 4th Qtr of 2007, and rents and occupancy are expected to rise throughout 2008. The shadow market is approaching stabilization and new construction of market-rate rentals will be modest this year. Both of those factors should bode well for the performance of apartment properties in 2008 and beyond. The following chart summarizes historical and forecasted statistics for Orlando:

2007 Sales Highlights
Orlando Sales: $ 1.06 billion
Avg. Price Per Unit: $90,083
Most Active Buyer: Private Investors
# Properties Purchased by Year Built:
2000 – current: 9
1990 – 1999: 9
1980 – 1989: 7
prior to 1979: 18
TOTAL 43

MARKET SNAPSHOT: Orlando’s total employment growth over the next two years is projected to be the best in the country – more than 116,000 new jobs from 2008 - 2010.

PROJECTIONS FOR CENTRAL FLORIDA
• Orlando’s increasing population and state leading job growth should stimulate demand for apartments, thus increasing occupancy and effective rental rates modestly in 2008
• By year end ‘08, annualized vacancy is expected to be 3.7% while average rents are forecast to grow from $829 to $861 per month according to MPF/Torto Wheaton
• As the homes and condos of more individuals and families go into foreclosure, those people will enter the rental market thus increasing demand for rental units
• Purchases of single family homes will continue to decrease, which will in turn keep traditional renters in apartment communities
• The condo conversion shadow market will be stabilized and leased by 3rd Qtr 2008
• Concessions are likely to remain prevalent early in the year, but will probably lessen further in the 2nd and 3rd Quarter of 2008.
• Orlando is poised for strong rent growth in the latter part of 2008 and early 2009
• Demand for rental units will continue to exceed the supply of new units under construction

• Although there is tremendous demand for new apartment development, we anticipate a minimal amount of new apartment properties being built due to a lack of available land, high impact fees, and a cautious lending environment
• Cap rates are expected to remain low the 1st half of ‘08 but may increase after mid year
• Owners of properties with favorable assumable debt will be more active sellers as many private investors find it more challenging to find highly leveraged new debt
• Bank owned sales of assets intended for condo conversion will increase in ‘08

For more information regarding the MarketView, please contact:

Shelton D. Granade, First Vice President
CB Richard Ellis – Central Florida Multi-Housing Group
189 S. Orange Avenue, Suite 1900, Orlando, FL 32801
T. 407.839.3103 • F. 407.404.5001
shelton.granade@cbre.com

Luke Wickham, Director of Operations
CB Richard Ellis – Central Florida Multi-Housing Group
189 S. Orange Avenue, Suite 1900, Orlando, FL 32801
T. 407.839.3130 • F. 407.404.5001
Luke.wickham@cbre.com

Data Research Firm Pronounces NAI Global World's 4th Best Known Commercial Real Estate Brand

MAITLAND, FL – NAI Global, one of the world’s largest real estate service providers, was named one of the world’s most recognizable commercial real estate brands in the Lipsey Company’s 2008 top 25 commercial real estate brands survey.

George Livingston, (photo top left) Chairman of NAI Realvest in Maitland, said NAI Global moved up two places to rank fourth in the 2008 Lipsey survey. NAI Realvest has been the exclusive NAI member firm for the Orlando market area since January 2002.

The Lipsey Company, an internationally recognized leader in training and consulting for the commercial real estate industry has produced the global survey of commercial real estate brand awareness annually since 2002.

The 2008 survey included responses from more than 20,000 practitioners and industry leaders from corporations, REITs, financial institutions, commercial real estate brokers, mortgage bankers, asset managers, property managers and related professionals, Livingston said.

NAI Global President and Chief Executive Officer Jeffrey M. Finn (photo at right) said NAI Global ranked as the 10th most recognizable commercial property brand in the 2002 survey. “We are sharply focused on creating specialized services and solutions that maximize the profitability and efficiency of our clients,” Finn said.

“The increasing strength of the NAI brand reflects the consistent, high quality results our managed network delivers for corporate and end users, investors, developers and financial institutions all around the world,” he said.

For more information contact:
George Livingston, Chairman, NAI Realvest 407-875-9989;
Janice Paiano, Marketing Director, NAI Realvest 407-875-9989;
Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-414

About NAI Realvest
NAI Realvest with offices in Orlando, Daytona Beach, Clermont and Lake Wales, is a fully integrated commercial real estate operating company specializing in brokerage, development investment, leasing and management, consulting and research services in the U.S. and worldwide.

About NAI Global
NAI Global is an international commercial real estate network with over 375 offices spanning the globe. Since 1978, clients have built businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit http://www.nairealvest.com/.

NAI Global is the world’s leading managed network of commercial real estate firms. With over 375 offices in 55 countries worldwide, it brings together people and resources to deliver results for its clients wherever needed.

Arbor Promotes Gary DeSimone to Vice President, Financial Planning and Analysis

UNIONDALE, NY -- Arbor Commercial Mortgage, LLC (“Arbor”) announces the promotion of Gary DeSimone (photo at right) to Vice President, Financial Planning and Analysis. Mr. DeSimone will oversee the development of financial planning, forecasting and budget processes for both Arbor Commercial Mortgage and Arbor Realty Trust and assist in the development of key metrics for monitoring business performance.

He will continue to support the CFO in investor relations maintenance and material preparation for quarterly earnings releases, calls and Board of Directors meetings for Arbor Realty Trust. He reports to Paul Elenio, (photo at left) Chief Financial Officer.

“Gary is an extremely valuable member of our finance team,” said Mr. Elenio. “He has continually demonstrated the financial management expertise and industry insight that have been essential in enhancing both the analysis and communication of our financial performance. His back-to-back promotions are reflective of his dedication and talent, and I am confident Gary will continue to be a great asset for Arbor as we continue to grow our franchise.”

Mr. DeSimone joined Arbor in August 2003 as Finance Manager and was promoted to Assistant Vice President, Finance in February 2007. He received a Bachelor of Business Administration degree from Hofstra University. He is located in Arbor’s headquarter office in Uniondale, NY and resides in Nesconset, NY.

Contact:
Ingrid Principe
Marketing Specialist
Arbor Commercial Mortgage, LLC 333 Earle Ovington Boulevard, Suite 900
Uniondale, NY 11553 Phone: 516-506-4298
Fax: 516-542-2555
Email: iprincipe@arbor.com
http://www.arbor.com/

Arbor Closes $4,100,000 Fannie Mae DUS® Loan for Bone Creek Apartments in Fayetteville, NC

UNIONDALE, NY March 20, 2008-- Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $4,100,000 loan under the Fannie Mae DUS® product line to refinance the 96-unit complex known as Bone Creek Apartments in Fayetteville, NC. The 10-year loan amortizes on a 30-year schedule and carries a note rate of 6.32 percent.

The loan was originated by John Edwards, (photo at right) Director, in Arbor’s full-service Boston, MA lending office. “We were pleased with the opportunity to fund this transaction with solid sponsorship and management,” said Edwards. “We greatly appreciated the trust the client placed with Arbor and we look forward to future financing opportunities.” *DUS and 3MaxExpress are registered marks of Fannie Mae

Contacts:
Arbor Commercial Mortgage LLC

Arbor Realty Trust, Inc.

333 Earle Ovington Blvd, Suite 900

Uniondale, NY 11553

http://www.arbor.com/

Ingrid Principe

Tel: (516) 506-4298

Cushman & Wakefield Negotiates Sale of Bridgeport Center for $29.5M

TAMPA, FL – Cushman & Wakefield negotiated the sale of Bridgeport Center (map at left) in Tampa, Florida for $29.5 million. This is the Tampa Bay area’s first major building trade this year since the credit crunch.

The property was 96 percent occupied at the time of the sale. Bridgeport Center is a170,924 square foot, nine-story office building located in Tampa’s premier Westshore Business District

Mr. Davis was quoted as saying, “Bridgeport Center sold for nearly as much as Cushman & Wakefield estimated it would before the recent credit crisis. This is indicative that buyers are remaining bullish about commercial properties in the Tampa Bay area.”

Senior Director Mike Davis (Capital Markets) and Associate Director Rick Brugge, CCIM (Capital Markets) negotiated the sale on behalf of the seller, AEW Capital Management, LP. The buyer was Flagler Development Group, Inc.

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Cushman & Wakefield Negotiates Sale of Reflections of Hidden Lake for $8.95M
TAMPA, FL– Cushman & Wakefield negotiated the sale of Reflections of Hidden Lake in Orlando, Florida for $8.95 million. Reflections of Hidden Lake is a 96,322 square foot office investment property located within Orlando’s premier Lake Mary submarket.

Executive Director Mike Davis (Capital Markets), Associate Director Rick Brugge, CCIM (Capital Markets) and Director of Office Leasing Matthew McKeever negotiated the sale on behalf of the seller. The buyer was Rudnick Development Group.

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Cushman & Wakefield Represents Lifelink Foundation, Inc. in the Sale of 10 Acres at Crosstown Center
TAMPA, FL– Cushman & Wakefield represented LifeLink Foundation, Inc. in the sale of 10 acres for $4.65 million at Crosstown Center in Brandon, Florida. LifeLink Foundation, Inc., founded in 1982, is a non-profit community service organization whose focus is organ and tissue transplantation therapy. This purchase will allow LifeLink Foundation, Inc. to develop offices in the Brandon area.

Crosstown Center, located in Brandon Florida and bordered by the LeeRoy Selmon Expressway and U.S. Highway 301, includes up to 1.1 million square feet of development, comprising office, hotel, retail and multi-family. Andy May, Executive Director and Bruce Erhardt, ALC, Executive Director negotiated the sale on behalf of the buyer, LifeLink Foundation, Inc.
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Cushman & Wakefield Represents Media General Operations, Inc. in the Sale of 125 Country Club Drive
TAMPA, FL – Cushman & Wakefield represented Media General Operations, Inc. in the sale of a 6,312 square foot office building located at 125 Country Club Drive in Tampa, Florida. Formerly occupied by The Tampa Tribune, one of Media General’s publishing assets; the building was purchased by IT Properties, LLC for $875,000.

Built in 1961, 125 Country Club Drive is a single-tenant office building located just west of I-275 in the Forest Hills area of Tampa, Florida. Andy May, Executive Director, Barry Oaks, Director and Bill Reeves, Associate Director negotiated the sale on behalf of the seller, Media General Operations, Inc.
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Cushman & Wakefield Negotiates Two Leases Totaling 28,000 SF at Hobbs Road Industrial Center Condo

TAMPA, FL – Cushman & Wakefield negotiated two leases totaling 28,000 square feet for WRS Infrastructure & Environment, Inc. at Hobbs Road Industrial Center Condo in Tampa, Florida. Founded in 1983, WRS Infrastructure & Environment, Inc. provides business solutions and support in matters regarding environmental, regulatory, civil engineering and construction issues.

Hobbs Road Industrial Center Condo, located just east of I-75 in Tampa, Florida, is a 70,000 square foot industrial service center. Andy May, Executive Director, Barry Oaks, Director and Bill Reeves, Associate Director negotiated the new leases on behalf of the tenant, WRS Infrastructure & Environment, Inc.
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Cushman & Wakefield Negotiates 10,958 SF office Lease at Watermark 3
TAMPA, FL – Cushman & Wakefield negotiated a 10,958 square foot lease for Citrus Health Care, Inc. at Watermark 3 in Tampa, Florida. Citrus Health Care, Inc is a Florida based HMO. Andy May, Executive Director, Barry Oaks, Director, Bill Reeves, Associate Director and Scott Garlick, Associate negotiated the new lease on behalf of the tenant, Citrus Health Care, Inc.

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Cushman & Wakefield Negotiates 8,240 SF office Lease at One Metrocenter
TAMPA, FL – Cushman & Wakefield negotiated an 8,240 square foot lease for Baldwin Connelly Group, LLC at One MetroCenter in Tampa, Florida. Baldwin Connelly Group, LLC is an independent and privately held firm whose specialty is risk management and insurance.

One MetroCenter, located within the Westshore Business District at 4010 Boy Scout Boulevard in Tampa, Florida, is an 11-story, 240,320 square foot Class A multi-tenant office building. Andy May, Executive Director, Barry Oaks, Director and Bill Reeves, Associate Director negotiated the new lease on behalf of the tenant, Baldwin Connelly Group, LLC.

For more information
Contact: Marcianne Foster
813-204-5345
Marcianne.Foster@cushwake.com