Over 900 Southern California Real Estate Professionals, Property Managers and Vendors Expected for Free 11th Annual Trade Show and Education Conference

Riverside, CA, Sept, 4, 2011 --(PR.com)-- The Apartment Association of Greater Inland Empire, (AAGIE), a 44 year old advocacy group for an ethical and strong rental housing industry, is preparing for its 11th Annual Tradeshow: “Blaze the Trail to Success.”

The event will be held Friday, September 23rd, 2011 at the Riverside Convention Center from 10am to 4pm.

It is one of the largest tradeshows in Southern California for the rental housing industry, with over 900 guests expected to attend this year. Guests will have the opportunity to visit exhibits from over 100 vendors offering services from landscaping, roofing, painting and construction, to lending, security, insurance and tenant screening, among many more. There is no cost to attend.

“Blaze the Trail to Success” Trade Show will also feature an extensive, free educational conference offering thirteen diverse classes in Maintenance and Management.

Factory-direct representatives from Goodman, Glidden, GE and Whirlpool will conduct all Maintenance classes, with topics including Heating and A/C Troubleshooting, In House Paint, Prep and Wall Repair, and Factory Training Appliance Repair.

 Management Classes will be taught by attorneys and representatives from Marcus and Milichap, American Technologies and Appfolio, and will cover topics such as Emergency Preparedness, Market Update and Social Media, to name a few.

For booth registration information visit www.aagie.com

For media inquiries contact Joanna Velarde, Events and Education Manager, (909) 948-0784 x 14

Contact:

Apartment Association Greater Inland Empire (AAGIE)

Joanna Velarde- Events and Education Manager

909 948 0784

www.aagie.com

NYC Real Estate Expo Makes Way for ERG Property Advisors

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New York, NY, Sept. 4, 2011 --(PR.com)-- This year, ERG Property Advisors is eagerly preparing for its participation in the New York City Real Estate Expo on Wednesday, September 07, 2011 at 10:30 a.m. to 3:00 p.m. at the Kimmel Center for University Life, 60 Washington Square South, New York, NY 10012.

ERG is a full-service commercial brokerage company based in New York City, specializing in investment sales, retail leasing, and strategic consulting.

Run by some of the industry’s most proficient and experienced brokers, ERG Property Advisors assists property owners and prospective buyers nationwide by supplying its real estate expertise and vast market knowledge to all of its clients through its unlimited property managing and brokerage skills.

ERG is currently heavily recruiting full-time talented commercial leasing associates and brokers who are interested in becoming a part of a friendly, motivated, and professional work environment.

Contact;

ERG Property Advisors

Michelle Babinsky

212 807 6640

Contact

http://www.ergpa.com

Operation FINALLY HOME Announces Middle Tennessee Build

NASHVILLE, TN.--(BUSINESS WIRE)--Operation FINALLY HOME, a 501(c)(3) organization with the mission to provide custom-made, mortgage-free homes to wounded and disabled veterans and the widows of the fallen, announced plans to build a home for Middle Tennessee soldier, Shaun Meadows.

Award-winning builder Goodall Homes has committed to build the home and Nashville-based LP Building Products will serve as lead sponsor, donating materials for the project.

Born out of the Bay Area Builders Association Support Our Troops effort, Operation FINALLY HOME was founded by Dan Wallrath (middle left photo) in 2005.

 Daniel Vargas, a retired U.S. Air Force Technical Sergeant runs the organization out of New Braunfels, Texas. The program provides custom-made homes to wounded and disabled veterans as well as to widows of the fallen to help them get their lives back on track.

“Our mission is to help wounded heroes like Shaun and their families transition from the battlefront to the home front,” said Vargas “We help in this transition by building homes for these heroes. The only way this objective is possible is through partnerships and support from corporate sponsors, builder associations, builders, developers, individual contributors and volunteers.

Goodall Homes, LP Building Products and a generous donation from country music stars Big & Rich and Gretchen Wilson (middle right photo) are making this Middle Tennessee build possible.”

Shaun Meadows is a 31-year-old Afghanistan combat veteran. While deployed in Afghanistan in 2008 Meadows was injured by an IED and became a bi-lateral above-knee amputee. Following his injury, Meadows had a year-long stay at Walter Reed Army Medical Center for recovery and rehab.

He began walking two and a half months post injury and started running six months post injury. Meadows retired from the Air Force in January 2011 and moved to Tennessee. Married to Nicole Meadows, the couple has a six-year-old son, Trevor.

“Goodall Homes is proud to be a part of this project,” said Keith Porterfield, Chief Operating Officer. “This build is all about giving Shaun Meadows the security he needs and deserves for his family. We are looking forward to handing the much-deserved keys to a custom-made home to this hero.”

The Meadows’ home build is scheduled to begin in early November with a projected completion date on Memorial Day 2012.

“LP Building Products is proud to partner once again with Operation FINALLY HOME,” said Rick Olszewski, executive vice president of specialty products, sales and marketing. “This collaborative effort represents our respect for and support of our soldiers. To build this home for Shaun right here in our home state makes playing a role in building this home even more meaningful.”

For more information including ongoing updates on the build, visit FinallyHomeTN.com or www.Facebook.com/FinallyHomeTN.

  For more information, visit www.babasupport.org and www.goodallhomes.com and www.lpcorp.com

Contacts

GS&F

Angie VanTassell,

Cell: 615-428-7197

Office: 615-385-1100

avantassell@gsandf.com

or

GS&F

Leigh Marie Lunn, Cell: 615-319-9313

lmlunn@gsandf.com

Boback Commercial Group Recent Transactions

  

Fort Myers, FL --(PR.com)-- Boback Commercial Group today announces recent Sales and Leases.

North Fort Myers, FL (July, 2011) BJS Domain, LLC, Purchased a bank owned 7,000 SF commercial building at 3990 Wholesale Court, in North Fort Myers for the sum of $227,500 from RBC Bank (USA).

Jim Boback (top right photo), CCIM and Theresa Blauch-Mitchell (bottom left photo) negotiated the transaction.

 Lehigh Acres, FL (August, 2011) Hunt RE Acquisitions, LLC, purchased a corner parcel of land of approximately 1 acre at 3517,19 Lee Blvd. & 3516,18 4th St. W, in Lehigh Acres for the sum of $385,000 from Barry Gionfriddo.

Jim Boback, CCIM negotiated the transaction.

Jacksonville, FL (August, 2011) Halloween Megastore, Inc. leased 23,313 SF of retail space at 9282 Atlantic Blvd., in Jacksonville, FL from Schmidt Investment, LP.

Theresa Blauch-Mitchell negotiated the transaction.

Contact:

Boback Commercial Group

Jim Boback

239-466-7770

www.bobackcommercialgroup.com

Brookfield Homes Voted #1 in “San Diego’s Best” for both New Home Builder & New Home Community

San Diego, CA, Septt. 3, 2011 --(PR.com)-- Brookfield Homes dominated San Diego’s New Home categories for Best Builder and Best Community in “San Diego’s Best 2011” Union-Tribune/SignOnSanDiego poll.

Brookfield Homes was voted #1 New Home Builder in San Diego and #1 New Home Community for Rockrose at the Foothills. In addition, Brookfield Homes has two more neighborhoods on the list for Best New Home Community.

 “Brookfield is thrilled with the people’s choice recognition for both best new home builder and best new home community in San Diego,” said Debby Marshall King, director of marketing.

 “It is our goal that each and every one of our customers truly loves their home, and a measure of our success is found in the responses from consumers in polls like this and in positive feedback from our homeowners, prospective home buyers and Facebook fans.”

Visit www.Facebook.com/BrookfieldSD to see what buyers and prospects are saying about Brookfield.

  

 For more information, please visit our website at www.brookfieldrp.com.

or contact

Jan Percival

President/Owner

Scribe Communications

858-452-8958

jpercival@scribecommunications.com

Scribe Communications

Kathleen Klassen

858-452-8958

http://www.scribecommunications.com/

Sunchoice Corporate Housing Introduces New Options for Those Looking for Tampa Business Accommodation

Trinity, FL, Sept. 03, 2011 --(PR.com)-- Leading Tampa Corporate and Military Housing provider Sunchoice Corporate Housing has recently announced the addition of several new properties to their comprehensive catalogue of conveniently located luxury accommodations.

The company’s new accommodations are designed to be more convenient for those on military assignment at Florida military bases such as NAS Jacksonville and MacDill AFB, offering these particular clients a place where they can escape the hectic life associated with being an active service member and come home to relax within an environment that is complete with all the modern conveniences expected of a leading accommodations provider.

One of the new catalogue additions is 345 Bayshore (top left photo), located in South Tampa.

This upscale accommodation is considered to be one of the top condominiums in Tampa. Offering outstanding waterside views of the shores of Tampa, this exceptional living space is perfect for members of the military who require a peaceful place to rest while on assignment.

Contact:

Sunchoice Corporate Housing

Brian Bombei

(727) 481-5128

www.sunchoicecorporatehousing.com

REOSE Showcasing Sustainable Prototype Containerized Housing Development in New Orleans

 

New Orleans, LA, Sept. 03, 2011 --(PR.com)-- The construction of the SSIP (Sunshower Steel Structural Insulated Panel) model home designed by architects Judith Kinnard (middle right photo) and Tiffany Lin (bottom left photo), winners of the 2010 REOSE Sustainable Design Competition, is underway in New Orleans.

“This design stood out as a model that was both attractive in appearance, but also smart and functional in terms of energy efficiency and ability to weather the toughest storms and conditions,” said Joseph Basilice, President of Oceansafe. OceanSafe, the premier manufacturer of durable and energy-efficient Steel Structural Insulated Panels;

The ReGen Group, sustainable design consultants; C&G Construction, a leading green residential and commercial contractor; and Woodward Design+Build, the largest Design + Build contractor in Louisiana and the Gulf Coast Region have entered into a strategic partnership to produce this winning model, REOSE’s first sustainable prototype in New Orleans.

The four associated companies are poised to manufacture, package, sell and market fully functional sustainable building kits in the US and abroad.

The REOSE Sunshower SSIP Model is located at 222 Harrison Avenue in the Lakeview Neighborhood of New Orleans, LA.

For more information about this historic “Green” home building project, its history, new videos and photos and information about participating vendors visit:

Contacts:

Blog: www.oceansafe-reose.com

Facebook: http://on.fb.me/fbocean

Flickr: http://bit.ly/reoseha

www.reose.com

www.cngconstruction.la

www.oceansafesteelsip.com

www.woodwarddb.com

Oceansafe

Bill Corbett

516 428 9327

516 775 0435 ext 1

Marcus & Millichap Tapped to List $13.4 Million Credit-Rated Sporting Goods Store in Durham, NC

DURHAM, NC – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has secured the exclusive listing for a 58,085-square foot single-tenant net-leased Dick’s Sporting Goods (top left photo) in Durham. The listing price is $13.4 million.

Marc Strauss (middle right photo), a first vice president investments in Marcus & Millichap’s Fort Lauderdale office, and David Wells (lower left photo), a senior associate in the firm’s Miami office, are exclusively representing the seller.

Strauss and Wells have worked together to successfully execute several retail transactions in the $10 million and above price range in the past few years, which has generated outstanding results for a wide range of investors nationwide.

 “This property’s prime location will attract well-qualified investors seeking stable returns in an excellent market,” says Strauss.

 “In spite of the stalled economy, single-tenant retail properties remain highly sought-after among investors. This asset is located just 10 minutes from historical Chapel Hill, which draws significant demand from students and staff at Duke University.

“In addition, it is proximate to other credit-rated tenants such as Wal-Mart, Best Buy, Michael’s Arts & Crafts and Marshall’s. We expect to generate an ample number of qualified in-state and out-of-area buyers,” he notes.

 “The lease for this 58,085-square foot property will be a corporate-backed,” adds Wells. “There are currently 11.5 years remaining on the lease, which has four five-year options.”

Located at 3212 Mount Moriah Rd., the site is occupied by Dick’s Sporting Goods. 

Contact: Stacey Corso, Public Relations Manager, (925) 953-1716

Emerson International Reports Closing on New and Renewal Leases Totaling15,787 SF in Metro Orlando

ALTAMONTE SPRINGS, FL --- Emerson International reported it recently closed on four office leases that total 15,787 square feet of space in three of its Orlando area office developments.

Sean Westcott, director of leasing and property management for Emerson International, negotiated all four leases on behalf of the landlord, Emerson International. 

Two of the agreements are for new long term leases.  

Belmont Management, Inc. leased 895 square feet of office space at Louisiana Office Park (top left photo) on Louisiana Ave. in Winter Park.   PHXX-E Inc. leased 1,786 square feet of office space in Sanlando Center located at 2180 W. SR 434 in Longwood.

Westcott also negotiated two lease renewals at Sanlando Center (middle right photo) totaling 13,104 square feet of office space. 

Freedom Mortgage Co. renewed its lease of 11,004 square feet of office space. William Bywater of Bywater Companies participated in the lease agreement representing the tenant.

Xerox Corp. renewed its lease of 2,100 square feet of office space. Jones Lang LaSalle America participated in the transaction representing the tenant.

For more information,  contact

Sean Westcott, Director of Leasing and Property Management, Emerson International, Inc. 407-834-9560 swestcott@emerson-us.com;

Eric J. Emerson, Vice President and General Manager Emerson International, Inc. 407-834-9560; ejemerson@emerson-us.com;

Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142 lvershelco@aol.com.

HFF secures $7.5 million refinancing for multi-housing complex near UC Riverside campus in California

  

 IRVINE, CA –HFF announced today that it has secured a $7.5 million refinancing for University Hills (top left photo), a 116-unit multi-housing complex near the University of California at Riverside in Riverside, California.

Working on behalf of the borrower, Riverside University Hills Apartments, LLC, HFF placed the 10-year, 4.38 percent, fixed-rate financing including two years of interest-only with Freddie Mac (Federal Home Loan Mortgage Corporation). 

HFF will service the securitized loan through its Freddie Mac Program Plus® Seller/Servicer program.  Loan proceeds replaced the existing floating rate debt on the property and included a cash-out component.

University Hills has four residential buildings situated on a 2.5-acre site at 140, 160, 180 and 200 West Big Springs Road in Riverside.  The property is across the street from Goodwin’s, an organic grocery store, and close to the 60 and 91 Freeways. 

Community amenities include a pool, recreation room and laundry rooms.  Overall the property is 91.3 percent leased with 23 percent occupied by students.

The HFF team representing the University Hills Apartments, LLC was led by director Mark Erland and associate director Charles Halladay (middle right photo).

“The borrower was able to take advantage of an extremely low rate environment and lock in long-term fixed-rate financing,” said Halladay.

Contacts:  

Mark J. Erland, HFF Director, (949) 253-8800, merland@hfflp.com                                                                                         

Charles W. Halladay, HFF Associate Director, (949) 253-8800,  challaday@hfflp.com                                                                                              

Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500,

krmurphy@hfflp.com                          

August Stock Market Dive Created Chaos on Loan Closings, RECI Finds

CHICAGO, IL, Sept. 2, 2011 – The Real Estate Capital Institute reports the nearly catastrophic stock market dive in the beginning of August triggered chaos in the CMBS world. 

The market was severely tested as borrowers and lenders scrambled to close on committed loans.  Loans in process without rate locks were typically

repriced 25 to 50 basis points.

 Securitized lenders ceased quoting loans until the turmoil subsided and some new loans widened by a full percent (or more) for borrowers needing to close deals within the first part of the month.

 The August pricing volatility varied as much as 200 basis points between balance-sheet lenders and the CMBS sources for similar loan opportunities - an unusually wide pricing differential.

 Today life companies, agencies and banks hold steady on pricing and flee to quality instead.  However, as treasury yields continue to contract, lenders are carefully watching the markets for more pricing clarity. 

In many cases, rate floors are introduced to protect yields against too much downward movement in treasuries.  All in all, absolute mortgage rates for standard loans remain nearly unchanged throughout the month, albeit spreads over treasuries are wider. 

Yet the flight to quality and risk segregation show dramatic pricing differentials above and beyond and any floors.

Competition for low leverage apartment deals in primary markets, for example, dives into 4% for ten-year deals, 3.75% for seven-year deals and

below 3.5% for five-year deals -- all rates are at generational record lows.

Within the mortgage world, numerous factors account for such drastic mortgage rate volatility, but none more than economic uncertainty, both

nationally and globally. 

The lack of faith in the economic recovery and domestic budget resolution forces investors onto the sidelines, bringing down treasury pricing to insignificant levels.

 The Euro Zone monetary crisis forces even more investors to purchase treasuries.  In response, economists have been scaling back their forecasts for the second half of the year. 

And now that investors are returning from summer holidays and confronting Hurricane Irene issues, more volatility is expected as various quality of real estate is sorted into the correct pricing levels within

different regions of the county.

Ms. Jeanne Peck (top right photo) of The Real Estate Capital Institute indicates that, "The realty capital markets are on a very bumpy road filled with unexpected twists and turns, as well as deep potholes from troubled deals."

 She suggests removing any volatility that an investor can is key, "Drive slowly and watch closely for obstacles will be the most prudent actions for navigating through the remainder of the year."

The Real Estate Capital Institute(r) is a volunteer-based research organization that tracks realty rates data for debt and equity yields. 

The Institute posts daily and historical benchmark rates including treasuries,

bank prime and LIBOR.

Contact:

The  Real Estate Capital Institute(r)

3517 West Arthington Street

Chicago, Illinois USA 60624

Contact: Jeanne Peck, Research Director

director@reci.com

www.reci.com

Liquidation Trustee Services, LLC to Serve as Trustee of New York City Area Real Estate Assets

BOSTON, MA, (BUSINESS WIRE)--Liquidation Trustee Services, LLC (“LTS”), a unit of Hilco Real Estate, LLC, has been appointed Trustee to coordinate and execute the orderly disposition of a portfolio of 61 mortgage and real estate-related assets located in Brooklyn, Queens and Long Island, New York, and held in trust for the benefit of Textron Financial Corporation, the lender to the originator of the portfolio.

 LTS, in concert with Hilco Managed Asset Resolutions, LLC, also a unit of Hilco Real Estate, will be responsible for maximizing the value recovered on the portfolio.

LTS Vice President, Michael Tsandilas, and Ben Spera, Managing Director of Hilco Managed Asset Resolutions, LLC, will coordinate the day to day activities of the engagement. Current plans call for a coordinated program of loan restructurings, foreclosure actions, workout negotiations and asset disposition sale processes.

Neil Aaronson (top right photo), CEO of Hilco Real Estate, commented, “Our platform of services is ideal for situations involving distressed asset workouts, loan restructuring and expedited real estate asset liquidations. We have a long history of deploying our resources to aggressively maximize value for our clients.”

Ron Lubin (middle left photo) President of Liquidation Trustee Services, LLC said, “Dealing with troubled assets is in our DNA. Our team has a long track record of successfully resolving problem loans and maximizing asset value through disposition. We are very pleased to have been selected by Textron Financial Corporation to help reduce costs and maximize value.”

Barbara Gaulien, Vice President of Risk Management for Textron Financial Corporation, said, “We looked to Liquidation Trustee Services, LLC and Hilco because of their real estate-related disposition capabilities, particularly in bankruptcy scenarios. Their knowledge of the process and seasoned staff gives us great comfort that we will return the best possible result on this portfolio.”

Contacts

Hilco Liquidation Trustee Services, LLC

Ron Lubin, President

rlubin@hilcorealestate.com

617-451-5041

Prudential Mortgage Capital provides $200 million of the $725 million total secured financing of New York’s iconic 601 Lexington Avenue

NEW YORK--(BUSINESS WIRE)--Prudential Mortgage Capital Company has completed $200 million in financing for Boston Properties’ 601 Lexington Avenue (top left photo), formally known as the Citigroup Center.

Prudential Mortgage Capital Company joined with MetLife, which provided $375 million, and New York Life, which provided $150 million, for a total loan of $725 million. Prudential Mortgage Capital Company is the commercial mortgage lending business of Prudential Financial, Inc. (NYSE: PRU).

The fixed-rate loan, with a 10-year, seven-month term, is secured by the distinctive 59-story, 1.6 million-square-foot, trophy Class-A office tower and retail property located on Lexington Avenue between 53rd and 54th Streets in the heart of midtown Manhattan.

Prudential’s New York-based team arranged its share of the financing, led by Melissa Farrell (middle right photo), managing director, Sarah Teunis, director and Sam Eisner, senior analyst.

 “601 Lexington Avenue represented an exceptional opportunity for Prudential to invest in a top-tier building with a strong and consistent operating history in one the best office markets in the world.

“We are pleased to have closed this transaction with Boston Properties who has considerable experience and a successful track record in owning and managing office properties in desirable markets including Midtown Manhattan. We look forward to continuing our relationship with them,” Farrell said.

601 Lexington Avenue’s distinctive angled roof has become an iconic part of New York City’s famed skyline.

 Occupying the full block that runs from 53rd to 54th Streets between Lexington and Third Avenues in the Plaza District of Midtown Manhattan (bottom left photo0, it includes more than 1.5 million square-feet of office space and over 100,000 square-feet of retail space.

The building sits on top of three subway lines providing access to New York’s extensive transportation network.

For more information, please visit http://www.news.prudential.com/   and http://www.prumortgagecapital.com

Contacts

Prudential

John Chartier, 973-802-9829

john.chartier@prudential.com

QuestSoft Recognized as Top Mortgage Service Provider for Third Consecutive Year

LAGUNA HILLS, CA--(BUSINESS WIRE)--QuestSoft, a top provider of mortgage compliance software and services for lenders, was again recognized by Mortgage Technology magazine as one of the year’s Top Mortgage Service Providers.

The magazine recognized QuestSoft for their work in updating software to meet all of the new regulations being pushed on the industry (including Dodd-Frank) and for its integration with 45 loan origination software (LOS) systems.

QuestSoft once again met all four primary criteria set by Mortgage Technology for inclusion in the listing: continued service and technology advances, viable revenue model and value proposition to customers, exceptional customer service and a unique impact on the mortgage industry. The company offers solutions that provide a complete suite of automated compliance review software to the mortgage industry.

 “Our company and employees are all honored to see consistent recognition by such a well-respected publication, especially in light of the fact that so few companies actually repeated the honor this year,” said Leonard Ryan (top right photo), president of QuestSoft.

 “As new regulations are passed, we will continue to produce programs that provide lenders with the peace of mind that they are compliant with every regulation, law and investor guideline.”

For more information about QuestSoft and its products, visit the company's Web site at www.questsoft.com.

Contacts

For QuestSoft

Media contacts

David Jones, 678-781-7238

or

Elizabeth McMillan, APR, 678-781-7224

LandMark Retail Group Continues Aggressive Expansion Throughout California -- Six More CVS/pharmacy Stores Completed

   

Woodland Hills, CA (Sept. 1, 2011) – LandMark Retail Group (LRG), a subsidiary of NewMark Merrill Companies, has continued to grow with the completion and opening of six new CVS/pharmacy stores in California. 

This continues LRG success after opening six stores earlier in 2011, five stores in 2010 and seven stores in 2009.

LRG continues its development throughout California with new three stores slated to open throughout the State through the end of 2011 and 12 store opening projected in 2012.

In August, LandMark Retail Group opened two new CVS/pharmacy stores in the San Fernando Valley submarket of Los Angeles – North Hollywood and Encino. Opening on August 7, the CVS at the 98,000 ADT intersection of Camarillo Street and Lankershim Boulevard in North Hollywood, CA, was a conversion of a former grocery store building which had another retail use on site.

 The following week, CVS/pharmacy converted a former 26,000 square foot bookstore and opened on August 14 in Encino on Ventura Boulevard and Hayvenhurst Avenue.

 In addition to these two stores, LRG opened a store in July at the corner of 32nd and Clement in San Francisco (bottom right photo). This store fills a strategic location to service customers in the family oriented Seacliff community and Richmond District of San Francisco.

LRG is currently developing three new CVS/pharmacy stores with openings scheduled throughout the end of 2011.

“Through our work with CVS, LRG has made considerable inroads as a developer throughout California by controlling, entitling, and building numerous projects on highly sought after real estate in typically challenging trade areas and neighborhoods,” stated Jeremy Just (top right photo), Principal and Chief Executive Officer of LandMark Retail Group.

 “By building close relationships with Cities, our tenants and their future customers, and offering creative solutions for all involved LandMark will continue successfully executing our clients’ growth objectives.”

 For more details, visit: www.landmarkretailgroup.com.

Contact: David Ebeling, Ebeling Communications, (p) 949.861.8351

(c) 949.278.7851, david@ebelingcomm.com