Pineloch Management Corp. Completes New 11,600-SF Southgate Office/Restaurant/Retail Mixed-Use Center near Downtown Orlando

ORLANDO, FL – Orlando-based Pineloch Management Corporation completed its new 11,000-square-foot Southgate Office/Restaurant/Retail mixed-use center (above photo) near downtown Orlando according to Mary Hurley, (top right photo) CCIM, RPA, real estate and leasing manager for Pineloch.

Located on South Orange Avenue at Southgate Commerce Boulevard just two miles south of Orlando’s central business district, the project consists of a one-story, 2,400-square-foot Tijuana Flats restaurant and a two-story, multi-tenant building to contain 4,300 square feet of ground-floor retail space plus 4,300 square feet of second-floor office space.

Hurley added that immediate occupancy is available for the prime location offering traffic counts totaling 83,700 average daily trips and $65,062 median household income within a one-mile radius. Designed by Cuhaci & Peterson, Orlando, the project was constructed by McCree, Inc., Orlando.

Pineloch’s storied history began more than 80 years ago when a young Italian immigrant, Philip Caruso, moved to Florida to fulfill the American Dream. With a single purchase of land located in the heart of Winter Garden, Caruso, spanning from 1926 to 1986, created one of the largest private corporations in Central Florida called Southern Fruit Distributors.

Its core business was citrus groves and it processed and marketed world-renowned products including Bluebird Orange Juice and Bluebird Grapefruit Juice.

Philip Caruso’s three sons and son-in-law worked alongside him from the mid 1940’s, and following his passing in 1963, they continued to operate the company until 1986.

The third generation of the Caruso family owns and operates Southern Fruit Distributor’s successor company Pineloch Management Corporation. Today, nationally recognized Pineloch Management is a diversified leader involved in real estate development, leasing, management, warehousing and agriculture. It also manages a number of prestigious land holdings statewide and continually seeks new opportunities for growth.

Pineloch Management Corporation is located at 102 W. Pineloch Street, Suite 10, Orlando, FL 32806, phone number 407-859-3550. Visit the company’s website at http://www.pineloch.com/.

CONTACT:

Kenneth H. Cristol, President,

Cristol Marketing Company

237 Hunt Club Blvd., Suite 102,

Longwood, FL 32779 USA

PH 407-774-2515

FX 407-774-6647

khc@crismktg.com

http://www.crismktg.com/

Strategic Marketing, Brand Management,

Publicity and Advertising,

and Corporate Communications

Davidson Hotel Company/Square Mile Capital Management JV Acquires Sheraton Suites Tampa Airport/Westshore

Davidson to Manage Hotel, Oversee $14 Million Renovation

MEMPHIS, TN—Square Mile Capital Management LLC and Davidson Hotel Company, one of the nation’s largest hotel management companies, has announced their joint venture acquisition of the 259-room Sheraton Suites Tampa Airport/Westshore (photo above) in Florida, from Host Realty Partnership LP for an unspecified amount.

The hotel will undergo a nearly $14 million renovation, scheduled to begin in 2009. In addition to managing the property operations, Davidson will also coordinate the renovation.

“This is our first joint venture acquisition with Square Mile Capital Management, and we’re very pleased to launch our relationship with such a strong asset,” said John A. Belden, (top right photo) Davidson’s president and chief executive officer. “The Tampa property is our second acquisition in 2008, and we will continue to seek out new acquisition opportunities to complement our core management contract business. We look forward to exploring other opportunities with Square Mile that fit our respective investment approaches.”

Located at 4400 West Cypress St., the all-suite property is located in the upscale Westshore submarket, close to Tampa International Airport and surrounded by more than 11 million square feet of office space.

The hotel also is convenient to shopping and such major attractions as Busch Gardens, (photo at right below) Adventure Island, Channelside, Florida Aquarium, (photo at left below) Steinbrenner Field (the NY Yankees Spring Training complex) and Raymond James Stadium, home of the Tampa Bay Buccaneers and the 2009 Super Bowl. (Tampa International Airport photo is at right)

The hotel’s 259 suites overlook a lushly landscaped, tropical atrium, where guests may relax over a meal at the hotel’s full-service restaurant, St. James Grill, and adjacent sports bar. Among the hotel’s other amenities are an indoor pool, fitness center, business center, whirlpool/hot tub and 8,100 square feet of flexible meeting space.

“The Sheraton Suites Tampa Airport/Westshore is an attractive investment with significant growth potential,” said Steve Margol, (top left photo) Davidson’s executive vice president, business development. “The planned renovation will touch virtually every area of the hotel, including the lobby, restaurant and lounge, pool, meeting space, fitness center and guestrooms, and will put the property in top physical condition. Those improvements, coupled with its prime Westshore/airport location, should enable the Sheraton Suites to assume a leadership position in this market.”

Square Mile Capital Management LLC is a privately managed institutional investment fund founded in mid-2006, which currently manages approximately $1 billion on behalf of institutional and high net worth investors. Since inception, the firm has successfully completed more than 53 distinct debt and equity investments involving office, retail, hospitality, multifamily and other property types located throughout the United States.

Headquartered in Memphis, Tenn., Davidson Hotel Company is an award-winning, full-service hotel owner and third-party management company that provides management, development/renovation, acquisition, consulting and accounting expertise for the hospitality industry.

The company currently owns and/or manages 32 upscale, independent and branded hotels with nearly 9,100 rooms across the United States, including such affiliations as Westin, Sheraton, Hyatt, Hilton, Hilton Garden Inn, Embassy Suites, Doubletree, Marriott, Renaissance, Crowne Plaza and Holiday Inn. Additional information on Davidson may be found at the company’s Web site, http://www.davidsonhotels.com/.

CONTACTS:

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

Cyndi Carl

Davidson Hotel Company

(901) 821-4155

ccarl@davidsonhotels.com

Jerry Daly, Chris Daly (media)
Daly Gray Public Relations
(703) 435-6293
jerry@dalygray.com

S&P Makes Key Appointments--Ratings Risk Manager, Chief Credit Officer, Chief Quality Officer

NEW YORK, NY, May 8, 2008--Standard & Poor's today announced a number of key executive appointments in the areas of risk oversight, criteria management and quality assurance.

Clifford Griep has been named Executive Managing Director, Ratings Risk Management; Mark Adelson (photo at left below) is joining S&P as Managing Director, Chief Credit Officer; and Neri Bukspan (photo at right below) is becoming Managing Director, Chief Quality Officer. All three executives will report to Vickie Tillman,(top right photo) Executive Vice President, Standard & Poor's Ratings Services.

"These appointments add strength and depth to S&P's ratings leadership and capabilities, and demonstrate S&P's commitment to serving the broad and growing needs of the global credit markets," said Ms. Tillman.

In his new role, Mr. Griep will identify, assess and mitigate potential internal and external risk exposures in our ratings business. Previously, Mr. Griep served as S&P's Chief Credit and Quality Officer.

To further strengthen the independence of Quality and Criteria governance, the roles have been split into two separate functions, both reporting to Vickie Tillman.

Mr. Adelson joins S&P from Adelson & Jacob Consulting, a firm that provides strategic consultation on securitization, real estate and investments. Prior to that, he was managing director and head of Structured Finance Research at Nomura Securities International.

Previously, Mr. Adelson was managing director, Residential Mortgage Finance, for Moody's Investors Service. He began his career as an attorney for the law firm of Thacher Proffitt & Wood.

Mr. Bukspan became S&P's Chief Accountant in 2002.

Analyst Contact:

Chris Atkins, New York

(1) 212-438-1106

Marcus & Millichap Capital Corp. Arranges $2.37M Loan for Texas Retail Center

ROUND ROCK, TX– Marcus & Millichap Capital Corporation (MMCC) has arranged a $2.37 million fixed-rate loan for the acquisition of the Center at Cat Hollow, a 10,869-square foot retail center located at 16420 North FM 620.

Travis Fite, an associate in the firm’s Houston office, arranged the financing package for the Center at Cat Hollow.
A pad site was also included in the sale of the Center at Cat Hollow.

“MMCC was able to obtain 78 percent loan-to-cash on the cash-flowing portion of the property, excluding the pad site.”

Financing for the property was provided by a portfolio lender at a 5.66 percent interest rate. Terms of the loan were five years with a 30-year amortization schedule. The loan-to-value was 67 percent.

“MMCC brought in a new lender that was able to close this transaction within the seller’s timeframe, thus satisfying both parties,” Fite said.

(Photo at bottom right shows a residential property in Cat Hollow, TX for sale at a listed price of $1.189 million.)

CONTACTS:

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

Press Contact:

Kathy Molitor
Marcus & Millichap Capital Corporation
(925) 953-1704

Pollack Partners’ First Project Nears Completion

ATLANTA, GA– Pollack Partners, a new multifamily development firm, is completing its first project. Two Blocks Apartment Homes, (rendering above) a $59 million suburban Atlanta apartment community, welcomes its first residents this month.

Pollack Partners developed the community in a joint venture with BHC Property Group. The mid-rise development includes 400 one and two bedroom luxury apartment homes on 10 acres in Dunwoody near the fast-growing Perimeter area.

Amenities include a pool, courtyards, elevators, state-of-the-art fitness center, business center, conference room, furnished guest suite, clubroom with TV lounge, media room with widescreen TV, coffee bar/cyber café and billiards room with bar.

The Web site, http://www.2batlanta.com/, lets visitors place furniture icons into interactive floorplans so they can see which works best. The Worthing Companies will lease and manage the community. The equity partner is Westplan Investors Inc.

This is just one of several communities Pollack Partners now has underway. Construction starts within a few weeks on a new $35 million luxury rental community in a prime in-town Atlanta location – I-85 and Shallowford Road. Groundbreaking is expected this summer on a $42 million luxury apartment community in Tampa.

Many more projects are also in the pipeline. Last year the firm entered into a partnership with an affiliate of Goldman Sachs to start a new real estate co-investment fund that, coupled with capital from other investors, will provide for some $1 billion in new developments and acquisitions across a wide geographic region.

Pollack Partners (http://www.pollackpartners.com/) focuses on the development, acquisition, finance and investment of high quality, community-enhancing multifamily, residential and mixed-use real estate projects. Founded in 2006, it is committed to the highest standards in all facets of its business. Its leadership team has more than 50 years combined experience on real estate projects in a dozen states.

Media contact for Pollack Partners:

Terri Thornton

404-932-4347

Territhornton@mindspring.com

Greg Coxon Joins Grubb & Ellis Company as President, Transaction Services--Western Region

SANTA ANA, CA, May 8 /PRNewswire-FirstCall/ -- Grubb & Ellis Company (NYSE:GBE), a leading real estate services and investment firm, today announced that Greg Coxon (top right photo) has been named President, Transaction Services -- Western Region, a newly created position that expands the Company's management team and reinforces its commitment to strengthen its brokerage platform.

Based in Phoenix, Coxon will be responsible for overseeing the Company's offices west of the Mississippi. In addition, he will play an integral role as part of the Transaction Services management team, and in executing Grubb & Ellis' strategy to expand its brokerage footprint and the integrated services it provides its clients.

"Greg has a long and successful track record in the brokerage industry. His appointment as President of our Western Region significantly strengthens our management team and reinforces our commitment to expanding our Transaction Services platform," said Scott D. Peters, top left photo) Chief Executive Officer of Grubb & Ellis Company.

Coxon joins Grubb & Ellis from CB Richard Ellis, where he was Senior Managing Director in the company's Arizona region. He began his 20-year brokerage career at Grubb & Ellis in 1980 and has considerable experience in the leasing, disposition and acquisition of properties, property management and real estate tax equity assurance.

CONTACT:

Janice McDill of Grubb & Ellis,

+1-312-698-6707,

janice.mcdill@grubb-ellis.com

Web site: http://www.grubb-ellis.com/

Terranova Signs Deals Valued Over $1.6M at Westfork Plaza in Pembroke Pines, FL

MIAMI BEACH, FL–– Terranova Corporation has negotiated three commercial leases at Westfork Plaza, (top right photo) a 252,154 square foot shopping center located at 15825 Pines Boulevard in Pembroke Pines, FL 33127.

A new Seafood/Italian Restaurant concept leased 3,214 square feet for 10 years. The restaurant is being developed by the Vilarino family, long term successful operator of the Las Vegas Cuban Restaurants. Executive Vice President Mindy McIlroy represented the landlord in the lease.

Play N Trade leased 1,496 square feet for 5 years. Play N Trade is the largest and fastest-growing video game franchise in the country. Their diverse product lineup includes new and used video games, accessories and consoles from leading manufacturers. This will be the second opening for the franchise in Broward County. Commercial Associate Eric Sadkin represented the landlord in the lease.

Performers Playhouse leased 2,187 square feet for 3 years. The performing arts studio will offer a variety of professionally instructed classes for all ages including dance, acting, musical theater and theater magic. Classes will remain small allowing for more individualized attention.

The playhouse will also offer weekday after-school transportation from school to the studio for students participating in the After-School Performer’s Workshop, a program designed to integrate music, movement and imagination. Sadkin represented the landlord in the lease.

Westfork Plaza is one of the largest power centers in the Pembroke Pines/Miramar market, located on the major retail corridor Pines Boulevard in Broward County.

The shopping center includes national tenants 13 screen Regal Theater, Winn Dixie, Costco, Office Max, GNC, Prudential Realty, Party City, State Farm Insurance, The UPS Store, Mattress Giant, Countrywide Loans, Hertz Rent A Car, Payless, Walgreens and KFC.

Arbor Closes $1.92M Fannie Mae Small Mortgage Loan for Townview Apartments in Zephyrhills, FL

UNIONDALE, NY, May 8, 2008-- Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $1,920,000 loan under the Fannie Mae Small Mortgage Loan product line to refinance the 46-unit complex known as Townview Apartments (above photo) in Zephyrhills, FL.

The 5-year loan amortizes on a 30-year schedule and carries a note rate of 5.75 percent. DUS and 3MaxExpress are registered marks of Fannie Mae.

The loan was originated by Ronen Abergel, (top right photo) Director, in Arbor’s full-service New York, NY lending office. “The borrower was very pleased with the terms and pricing of the loan and looks forward to closing more deals with us in the future,” said Abergel.

Arbor Commercial Funding, LLC, Arbor Commercial Mortgage, LLC, and Arbor Realty Trust, Inc., have extensive experience in mortgage origination, servicing and securitization and have built a reputation for service, quality and flexibility.

Arbor’s seasoned management team specializes in debt and equity financing for multifamily, office, retail, hotel and various other commercial real estate properties. The company offers a broad array of financing options including Fannie Mae DUS®, FHA, CMBS, Bridge and Mezzanine products. Currently, Arbor services approximately $3 billion in loans. Arbor is a rated Standard & Poor’s third-party commercial loan and special servicer.

CONTACT:

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

Cambridge Provides $7.26M Loan to Refinance Community Nursaing and Rehab Center in Naperville, IL

CHICAGO, IL--Cambridge Realty Capital Companies has provided an insured $7.26 million first mortgage loan to refinance Community Nursing and Rehabilitation Center, a 153-bed skilled nursing home facility in Naperville, Illinois.

Cambridge Chairman Jeffrey A. Davis said the HUD Section 232 pursuant to Section 223(f) loan was arranged for the owner, an Illinois limited liability company, by Cambridge Realty Capital Ltd. of Illinois, an FHA/MAP-approved HUD lender. Interest rate for the 30-year, fully-amortized loan was not disclosed.

Privately owned since its founding in 1983 as a real estate investment banker specializing in commercial real estate properties, Cambridge emerged in the 1990s as one of the nation’s leading senior housing and healthcare debt and equity capital providers, closing more than 300 such transactions totaling more than $2.75 billion since then.

The company is one of the nation's leading HUD 232 FHA / MAP-approved lenders and also has an integrated debt / equity financing strategy that includes direct property acquisitions and joint ventures; sale / leasebacks for clients; conventional and mezzanine debt financing; and acquisition of distressed debt. Additionally, Cambridge offers a wide array of conventional lending options for senior housing / healthcare owners, including permanent construction and interim loans on either a floating or variable rate basis.

Cambridge is the creator of The Signature Experience™, a four-step process designed to transform the traditional lender / borrower relationship and identify “ideal” capital solutions for worthy projects. The company has created four separate processes for customer groups that are designed to build and enhance long-term relationship potential and speed the way loans are processed and closed.

Contact:

Evan Washington

Phone: (312) 521-7603

Fax: (312) 357-1611

E-Mail: ew@cambridgecap.com

Cambridge Companies

info@cambridgecap.com

(312) 357-1601

HFF Secures $80M Financing for North Bethesda, MD Class A Office Buildings

WASHINGTON, D.C.--The Washington, D.C. office of HFF (Holliday Fenoglio Fowler, L.P.) has secured $80 million in financing for Rockwall I and II, Class A office buildings (above photo) totaling 345,885 square feet in Bethesda, Maryland.

Working exclusively on behalf of The JBG Companies, HFF senior managing directors Bob Donhauser and Bill Asbill and director Cary Abod (top right photo) placed the five-year, fixed-rate loan with ING Real Estate for the acquisition of the properties.

Headquartered in Chevy Chase, Maryland, The JBG Companies is an active developer, owner and operator of office, residential, hotel and retail properties with more than $10 billion in assets under management and development.

Founded in 1960, JBG has established a reputation as one of the leading real estate companies in the Washington metropolitan area.

Rockwall I and II are located at 11400 Rockville Pike and 5515 Security Lane across from the White Flint Mall (photo at left) and close to the Montgomery County Convention Center in North Bethesda. The properties are 89% leased with the largest tenant, the Food and Drug Administration, leasing 40% of the space.

“Tight conditions in Bethesda are increasing rental rates and driving additional demand in the North Bethesda submarket,” said Donhauser. “Rockwall I and II are ideally positioned on the Rockville Pike, a major Washington, D.C. thoroughfare, as well as being located close to a Metro station stop and adjacent to the North Bethesda Market, a to-be-built premier lifestyle center.”

CONTACTS:

Laurie Fish McDowell

HFF Associate Director, Marketing

One Post Office Square, Suite 3500

Boston, MA 02109

tel 617.338.0990

fax 617.338.2150

http://www.hfflp.com/

lmcdowell@hfflp.com/

Robert F. Donhauser

HFF Senior Managing Director

202 533 2500

rdonhauser@hfflp.com

Regency Centers Reports First-Quarter Results

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Regency Centers Corporation (NYSE:REG) reports financial and operating results for the quarter ended March 31, 2008.

(Martin E. "Hap" Stein Jr., chairman, Regency Centers Corp., is at top right photo. Mary Lou Fiala, president and chief operation officer, is at top left). Hap and Joan Stein founded Regency Centers in 1963)

Funds From Operations (FFO) for the first quarter was $61.2 million, or $0.87 per diluted share, compared to $79.1 million and $1.13 per diluted share for the same period in 2007.

The change in FFO per share is primarily related to transaction profits of $2.6 million in the first quarter of 2008 compared with profits of $22.8 million in the first quarter of 2007.

Regency reports FFO in accordance with the standards established by the National Association of Real Estate Investment Trusts (NAREIT) as a supplemental earnings measure. The Company considers this a meaningful performance measurement in the Real Estate Investment Trust industry.

Net income for common stockholders for the quarter was $26.7 million, or $0.38 per diluted share, compared to $52.1 million and $0.75 per diluted share for the same period in 2007.

(For a detailed copy of the company's news release, please contact Lisa Palmer, Regency Centers Corp., 904-598-7636)