Rome Cavalieri to Join the Prestigious Waldorf=Astoria Collection®

After Four Decades as Italy’s Leading Hotel, Rome Cavalieri (photo above) Becomes the First Hotel in Europe and the Sixth Globally to Join the Luxury Brand of Hilton Hotels Corporation

ROME--Hilton Hotels Corporation has announced that the Rome Cavalieri Hilton, the preferred hotel for global travellers to the Eternal City and the hub for Rome’s society set, will become the first European property to join The Waldorf=Astoria Collection.

“For 45 years, the Rome Cavalieri hotel has been an intrinsic part of Rome’s social fabric and has astonished world travellers with its gracious hospitality, museum-standard collection of art and its grand hilltop setting offering unrivalled views over the Eternal City. This is a magnificent hotel and a pivotal addition to The Waldorf=Astoria Collection,” said Mr. Wolfgang M. Neumann, President for Hilton Hotels Europe.

Welcoming this, the sixth hotel in The Waldorf=Astoria Collection, Ian Carter, (photo at right) President of Global Operations, Hilton Hotels Corporation, said, “Selection for The Waldorf=Astoria Collection is exclusive and only landmark hotels with a reputation for superior service, original architecture or artistic and historical significance receive such designation. Rome Cavalieri meets our parameters and sets a very high reference point for the brand in Europe. The Rome Cavalieri is the perfect first hotel for The Waldorf=Astoria Collection in Europe, and we are excited to welcome it to our growing Collection.”

The Waldorf=Astoria Collection currently has four properties in the United States, comprising the inspiration for the brand, the legendary Waldorf=Astoria® in New York, Arizona Biltmore Resort & Spa in Phoenix, Arizona, Grand Wailea Resort Hotel & Spa in Maui, Hawaii, and La Quinta Resort & Club in Southern California. Only one other property has been designated internationally, the 46-suite Qasr al Sharq or “Palace of the Orient” which opened in Jeddah on June 1, 2006 and joined the collection in December, 2006.

Marcus & Millichap Lists 43-Room Hotel in Miami Beach, FL for $12.5M

MIAMI BEACH, FL– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for Leslie Hotel, (above photo) a 43-room hotel in Miami Beach.

The listing price of $12.5 million represents $290,698 per room. Mark Wohl, a senior associate and associate director of Marcus & Millichap’s National Hospitality Group in Miami, Jason Goldfarb, an associate in the firm’s Miami office, and Lawrence Usher, investment specialist also in the firm’s Miami office, are representing the seller.

“Leslie Hotel is an excellent value-add opportunity located on an infamous street in one of the most desirable cities in the world,” says Wohl.

Located at 1244 Ocean Drive, the hotel is situated on a 7,150-square foot lot, less than 15 minutes from the Miami International Airport and 30 minutes from the Fort Lauderdale International Airport. Originally built in the South Beach Art Deco spirit of the 1930s, the hotel has undergone recent renovations.

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/

Holliday Fenoglio Fowler's Recently Closed Transactions

PITTSBURGH, PA--Here are Holliday Fenoglio Fowler LP's transactions closed in the last 90 days.


HFF 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 and national capital markets platform, including debt placement, investment sales, structured financed, private equity, note sales and note sale advisory services and commercial loan servicing.


For additional, information, please visit http://www.hfflp.com/.




SOURCE OF PHOTOS:

Holliday Fenoglio Fowler LP
One Oxford Centre
301 Grant St., Suite 600,
Pittsburgh, PA 15219

Register For MBA's Reverse Mortgage Lending Conference

WASHINGTON, DC--The Mortgage Bankers Association (MBA) presents its 2008 Reverse Mortgage Lending Conference.

As an evolving loan product, reverse mortgages are offering baby boomers another option as part of their overall retirement and wealth management plan.

MBA's inaugural Reverse Mortgage Lending Conference provides a unique forum for real estate finance professionals to participate in advanced discussions about originator and equity investor interests in reverse mortgages.

The program also provides up-to-date information about new technologies being developed to help reverse mortgage lenders operate more efficiently. Members of the media are encouraged to attend panel sessions and roundtable discussions to gather the most up-to-date information on reverse mortgage real estate trends.

Special keynote speakers/panelists include:

· Rob E. Story, Jr., (photo at right) CMB, Vice Chairman of the Mortgage Bankers Association and President of Seattle Financial Group
· The Hon. Brian D. Montgomery, (photo top left) Assistant Secretary for Housing, Federal Housing Authority Commissioner, U.S. Department of Housing and Urban Development (HUD)
· Jeffrey S. Taylor, CMB, Vice President of Senior Products, Wells Fargo Home Mortgage
· Margaret Burns, Director of Office of Single Family Program Development, U.S. Department of Housing and Urban Development
· Justin Burch, Senior Marketing Analyst, Ginnie Mae
· Elaine Eaton, First Vice President of Operations, Financial Freedom Senior Funding Corporation
· Jay H. Meadows, Chief Executive Officer & President, Rapid Reporting Verification Company
· John Lunde, President, Reverse Market Insight, Inc.
· Patrick Fitzsimonds, Director of Reverse Mortgage Banking, UBS
· Harry A. Gardner (photo at right) Vice President of Industry Technology, Mortgage Bankers Association

Session topics include the latest developments in:

· Reverse Mortgages 101
· Improvements to the Reverse Mortgage Products by HUD, Fannie Mae and Ginnie Mae
· Counseling Update and Options for Consumers
· Mortgage Fraud: Common Schemes and How To Detect Them
· Education: The Key to a Successful Reverse Mortgage
· Reverse Mortgage Servicing
· Legislative and Regulatory Roundup
· Current Origination Issues for Reverse Mortgages in Securitizations

WHEN: April 10 - 11, 2008

WHERE: The Westin Horton Plaza
San Diego, CA

CONTACT: Press credentials must be approved in advance. To apply for press credentials, please contact:

Jason Vasquez
(202)557-2950jvasquez@mortgagebankers.org

For more information, please visit MBA's Reverse Mortgage Conference Web site at: http://events.mortgagebankers.org/rml2008/default.html.

Media Podcast: MBA Comments on Shifting Landscape of Tax Credit and Multifamily Markets

WASHINGTON, DC - - The Mortgage Bankers Association's (MBA) Senior Vice President of Multifamily and Governance, Cheryl Malloy (photo at right) examines the recent removal of GSE portfolio growth caps by OFHEO and provides assessment of the current issues facing tax credit programs.

Malloy also comments on the spillover from the single family residential market into the multifamily market, sheds light on the importance of GSE reform and pending legislation that could enhance the tax credit market.

The Podcast recording can be accessed by clicking HERE.

The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 370,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation's residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field.

For additional information, visit MBA's Web site: http://www.mbaa.org/.

CONTACT:

Jason Vasquez
(202) 557-2950
jvasquez@mortgagebankers.org

Marcus & Millichap Lists 96.65 Acres in Port Arthur, TX

(Photo above of Delta Queen moored in front of Port Arthur City Hall)

PORT ARTHUR, TX-– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for 96.65 acres of land in Port Arthur.

Sheri Carey and Jeffrey Fript, both investment specialists in the Houston office of Marcus & Millichap, are representing the seller, a Houston-based limited partnership.

“Port Arthur is experiencing rapid growth due to the expanding oil and gas industry, which dominates the local economy. An investor will have multiple options to capitalize on this growth since this property is ideally suited for a mixed-use development of retail and housing,” says Fript.

Located on Highway 69 between 60th and 67th streets, the property is comprised of four parcels, just one mile away from the primary retail intersection in Port Arthur, including the Central Mall. The property is adjacent to the new Port Arthur High School site and in close proximity to the newly opened Medical Center of Southeast Texas. (Photo at left is Port Arthur dock)

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/

Marcus & Millichap Sells Multi-Tenant Office Building in Des Plaines, ILL for $11.6M

DES PLAINES, IL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale a 145,482-square foot, multi-tenant office building in Des Plaines. The sales price is $11.6 million.

Howard Wiese, (photo at right) senior vice president of investments and senior director of Marcus & Millichap’s National Office and Industrial Properties Group, and Frank Roti, an investment specialist also in the firm’s Chicago office, represented the seller, 999 East Touhy LLC, an entity controlled by the principals of Marc Realty. Marcus & Millichap also represented the buyer, Siete 7 LLC.

“This new owner of this investment-grade, five-story office building can achieve rent increases by repositioning the asset,” says Wiese. “The buyer will initially occupy approximately 30,000 square feet in the building, and has plans to expand its space over time.”

Located at 999 East Touhy Ave., the office asset is situated on a 5.97-acre lot with frontage on the Northwest Tollway (Interstate 90) as well as easy access to the Tri-State Tollway (I-294). The property is located just north of the O’Hare International Airport in Chicago and features excellent visibility from I-90 along with signage for a major tenant to utilize.

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 Sells 46+ Acres Within International Corporate Park

ORLANDO, FL-- CB Richard Ellis, the world's leading commercial real estate services provider, is pleased to announce the sale of a 46+ acre tract of land within International Corporate Park (ICP), located in East Orlando and in close proximity to the new 'Medical City' featuring the Burnham Institute, (bottom right photo) UCF Medical School, (bottom left photo) VA Hospital & Nemours Children's Hospital.

International Corporate Park encompasses over 2,900 acres of fully permitted sites and 20 million square feet approved for a mixture of uses including manufacturing, light industrial, biotech, and office. David Murphy, CCIM, SIOR, MIA (top right photo) Senior Vice President and Erik W. Schwetje, CCIM (top left photo) Vice President, represented the Seller, ICP Land Partners, LLC.


About CB Richard Ellis

CB Richard Ellis Group, Inc. (NYSE:CBG), an S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services firm (in terms of 2006 revenue). With over 24,000 employees, the Company serves real estate owners, investors and occupiers through more than 300 offices worldwide (excluding affiliate and partner offices).

CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.

Please visit our Web site at http://www.cbre.com/.

Contact:

David Murphy, CCIM, SIOR, MIA
407.404.5020
david.murphy@cbre.com

Jessica Wilhoite
407.839.3158
jessica.wilhoite@cbre.com

Erik Schwetje, CCIM
407.404.5011
erik.schwetje@cbre.com

Marcus & Millichap Facilitates Sale of Pompano Beach Warehouse

POMPANO BEACH, FL– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment brokerage firm, has announced the sale of a 16,052-square foot industrial warehouse, according to Gene A. (photo at right) Berman, Managing Director of the firm’s Fort Lauderdale office.

The six-bay warehouse, located in the heavily industrialized corridor of Dixie Highway, demanded a sales price of $1,095,000. Ryan D. Nee, (photo at right below) an investment specialist in Marcus & Millichap’s Fort Lauderdale office represented the seller of the property, George and Eva Planakis. Nee and Roland Hodges (photo at left) of Roland Hodges & Sons in Fort Lauderdale, FL represented the buyer, 1080 South Dixie, Inc.

“Continued population growth and the limited supply of industrial zoned land in Broward County will provide upward pressure on rents. The investor will realize a substantial return from raising the rents to market value,” says Nee. The property is located at 1080 S Dixie Highway in Pompano Beach, Fla. (Pompano Beach skyline photo above)

CONTACT:

Ashley Steele

Marketing Coordinator

Marcus & Millichap

5900 N. Andrews Avenue, Suite

100Fort Lauderdale, FL 33309

Direct Tel: (954) 245-3516

Cell: (215) 828-9585

Fax: (954) 245-3410

Sheraton Washington North Offers Convenient, Front Row Seats to D.C.’s Famed Cherry Blossom Festival

Special Package at Newly Opened Property Treats Guests to Breath-taking Spring Spectacular

WASHINGTON, D.C.—Sheraton’s newest District of Columbia-area hotel, the 205-room Sheraton Washington North, (photo above) today announced a special package for visitors to the nation’s capital: star-studded access to D.C.’s famed Cherry Blossom Festival, one of spring’s most breath-taking showcases.

The comprehensive package includes free shuttle transportation to and from the Metro, free Metro passes for the 15-minute trip downtown and a commemorative cherry blossom coffee table book. The price of $169, double occupancy, also includes a full breakfast buffet for two.


The cherry blossom trees, a gift from Mayor Yukio Ozaki of Tokyo in 1912, have become a quintessential part of D.C.’s kick-off of the spring season. They attract hundreds of thousands of visitors to the two-week festival each year. The package will be available for the duration of the festival, from March 29th to April 13th.


“At the Sheraton Washington North, we offer convenient and easy access to the nation’s capital at what is arguably the most beautiful time of the year,” said Michael George, (photo top right) Crescent’s president and CEO. “Because traffic can be so overwhelming, the Metro is a great alternative because it drops visitors off just a short stroll away from the cherry tree-lined walkway in the Tidal Basin. Just take the Greenbelt line to the Navy Yard Station.


“We created this special package for our guests and their families, and we invite them to share our beautiful spring with us and enjoy all of the activities of the festival. This is one of the privileges of having such a prime location,” he noted.


Located at 4095 Powder Mill Rd. at exit 29B on Interstate 95, the newly-opened Sheraton Washington North’s amenities include the brand’s new lobby concept called Link@Sheraton, which features comfortable seating, refreshments, large screen televisions, and multiple Internet-enabled workstations and free Internet access.


The hotel also offers a state-of-the-art fitness center, outdoor swimming pool and a club-level floor with a concierge lounge and upgraded in-room amenities. The Powder Mill Café offers American cuisine in a warm casual setting.


The property features 5,000 square feet of meeting space, highlighted by the Chesapeake Ballroom, a 3,600-square-foot ballroom capable of seating up to 400 people. Additionally, the Sheraton boasts a new state-of-the-art Executive Boardroom equipped with a 52” LCD monitor for presentations, which can be accessed easily through outlet ports built into the executive board table.

Additional information about the Sheraton Washington North and its special packages for guests may be found at www.sheraton.com/washingtonnorth and www.Sheraton.com/swnoffers.


About Crescent Hotels & Resorts

Headquartered in Fairfax, Va., outside of Washington, D.C., Crescent Hotels & Resorts owns, manages and co-invests in hotel real estate, and is an independent, third-party operator of hotels and resorts. Our hospitality management company currently owns or operates approximately 40 hotels and resorts aggregating more than 7,000 rooms in 19 states. The company’s portfolio encompasses properties in the resort, upper upscale full-service, boutique, convention and premium select-service segments under the premier hotel brands of Marriott, Hilton, Starwood, InterContinental, Radisson, Preferred, and Wyndham, as well as independent hotels and resorts.


Additional information about our hotel management company may be found on the Crescent Hotel & Resorts Web site http://www.chrco.com/.

CONTACTS:

Julie Tullbane, Chris Daly, Jerry Daly

Daly Gray Public Relations
T 703-435-6293
F 703-435-6297
julie@dalygray.com

EastGroup Properties Announces First Quarter 2008 Conference Call And Webcast

JACKSON, MS -– EastGroup Properties (NYSE-EGP) will hold its First Quarter Conference Call and webcast on Wednesday, April 23, 2008 at 11:00 A.M. Eastern Daylight Time.

On the call, David Hoster, (right top photo) President and CEO, and Keith McKey, (left top photo) CFO, will review the first quarter results and discuss EastGroups current operations.

EastGroup plans to release first quarter 2008 earnings on April 22, 2008. The earnings release and supplemental information package will be posted on the Company's website, http://www.eastgroup.net/, on April 22, 2008.

A live broadcast of the conference call is available by dialing 1-800-862-9098 (conference ID EastGroup) or by webcast through a link on the Company's website at http://www.eastgroup.net/. If you are unable to listen to the live conference call, a telephone and webcast replay will be available on Wednesday, April 23, 2008.

The telephone replay will be available until Wednesday, April 30, 2008, and can be accessed by dialing 1-800-695-0715. The replay of the webcast can be accessed through a link on the Company's website at http://www.eastgroup.net/ and will be available until Wednesday, April 30, 2008.

EastGroup Properties, Inc. is a self-administered equity real estate investment trust focused on the development, acquisition and operation of industrial properties in major Sunbelt markets throughout the United States with an emphasis in the states of Florida, Texas, Arizona and California. Its strategy for growth is based on its property portfolio orientation toward premier business distribution facilities clustered near major transportation features. EastGroup's portfolio currently includes 24.5 million square feet with an additional 2.2 million square feet of properties under development.

EastGroup Properties, Inc. press releases are available at http://www.eastgroup.net/press/pressreleases/www.eastgroup.net.
EastGroup Properties, Inc. press releases are available at http://www.eastgroup.net/.

FOR MORE INFORMATION, CONTACT:
David H. Hoster II, President and Chief Executive Officer
N. Keith McKey, Chief Financial Officer
(601) 354-3555

P.O. Box 22728,

Jackson, MS 39225-2728
Telephone: 601/354-3555

Fax: 601/352-1441

Wells Retail Group of Marcus & Millichap Announces $5.5M Sale of Acworth, GA Shopping Center

Sale Represents Trend in Commercial Real Estate Deals Heading North from Florida, Says David Wells

ACWORTH, GA, March 27, 2008 – Marcus & Millichap Real Estate Investment Brokerage
Company, has announced the sale of the Acworth Commons retail center in Acworth, GA for
$5,507,500. The sales price represents $158 per square foot.

David Wells (photo at right) with the Wells Retail Group of Marcus and Millichap, a top associate working out of the firm’s Tampa office, brought the buyer to the property. The seller is Hendon Group LLC. The buyer is Acworth Commons LLC, based out of CA. Ed Nutting and Michael Hubley marketed and listed the property out of the firm’s Atlanta, GA office.

“The sale represents a common theme of FL owners heading North out of the state in
search of more yield,” comments Mr. Wells. “My clients are an investment group out of CA who
have bought several anchored centers in FL from me over the past few years.

"Due to the increasing costs of owning and operating FL real estate they are headed out of the state to achieve higher returns. Until FL can get their incredible property tax rolls in check and control insurance costs our great state will continue to lose business, both from investors and from the smaller tenants who are particularly feeling the squeeze.

"Florida is seeing this trend on the residential side as well, a lot of people have begun buying second homes in the Carolina’s instead of FL for the same insurance and tax purposes.”

Built in 2002, Acworth Commons is located at 3344 Cobb Parkway in Acworth, GA an
affluent suburb outside of Atlanta. The property consists of 34,949 square feet and is situated on 3.82 acres. The center is anchored by Staples, other major tenants in the center are, Hibbett
Sports and Beef O’brady’s.

For more information about Acworth Commons or the FL shopping center market,
contact David Wells at (813) 387-4700 or 813 387 4778.