Tuesday, September 28, 2010

Stirling Sotheby’s International Realty Appointed Exclusive Marketing Agents For $399,000 Waterfront Home Site on Merritt Island, FL

ORLANDO - Stirling Sotheby’s International Realty has been named exclusive sales and marketing agents for a 1.28 acre luxury waterfront home site on Merritt Island in Brevard County that is listed at $399,000.

Stirling Sotheby’s International Realty Associate Kim Tillett (top right photo), a luxury home specialist who serves the upscale Brevard market, said the property is a one-of-a-kind opportunity.

Merritt Island is one of the most exclusive areas in Florida,” Tillett said. “It is a community of luxury homes and mango groves that is unlike any other in the state.”

 (Dragon Point on southern tip of Merritt Island, bottom left photo)

The property for sale is located in the Honeymoon Hill area of south Merritt Island on a high bluff overlooking the Banana River. The property will accommodate dock facilities for boats and jet skis and includes deeded access to Honeymoon Lake.

To view photos of the property and listing details, go to http://www.stirlingsir.com/index.php?action=listingview&listingID=880756

For more information,  contact:   
Kim Tillett, Luxury Home Specialist, Stirling Sotheby’s International Realty, 407-581-7890; KTillett@StirlingSIR.com;
Roger Soderstrom, Founder/Owner Stirling Sotheby’s International Realty 407-581-7890 rsoderstrom@StirlingSIR.com
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 Lvershelco@aol.com

Bayrock Portfolio in Boca Raton, FL Gets $9.495 Million Loan

Boca Raton, FL—Sept. 28, 2010— Thomas D. Wood and Company, a Strategic Alliance Mortgage LLC member, secured financing in the amount of $9,495,000 for the Bayrock Portfolio, a portfolio of six single-tenant restaurant and bank properties.

Patrick Madore (top right photo), Company Vice President, secured financing for the Bayrock Portfolio through Thomas D. Wood and Company’s relationship with a local bank. 

 The variable line of credit has a five-year term, and is tied to the Wall Street Journal Prime Rate, adjusting as and when changed.  The full-recourse loan has a loan-to-value of 69%.  The Bayrock Portfolio includes major tenants Burger King, McDonald’s, Capital One Bank and SunTrust Bank, located in five different states.
For further information, please contact:
Patrick Madore (561) 338-9799   pmadore@tdwood.com
Jessica Kinnee  (407) 937-0470  jkinnee@tdwood.com

Mark S. Wilson Named General Manager of the Bourbon Orleans Hotel

 NEW ORLEANS, La., September 28, 2010 – Mark S. Wilson has joined the Bourbon Orleans Hotel (top left photo)  as general manager. 

Most recently, he served as director of marketing and sales for the Roosevelt New Orleans (middle right photo), which re-opened as part of the Waldorf Astoria Collection in New Orleans in 2009.

Working closely with the city of New Orleans, Wilson spearheaded marketing and branding efforts in the $170 million historic preservation and re-opening of the landmark hotel.  A 25-year hospitality industry veteran, Wilson began his career with the San Francisco Hilton. He has since held various director-level positions at such hotels as the Sheraton New Orleans, Fairmont and Royal Sonesta.

 Wilson brings a strong dedication to community leadership, serving as the president of the French Quarter Business Association in New Orleans from 2006–2008.

 He is currently the president of the Friends of the Vieux Carré Commission, is a board member of the New Orleans Police and Justice Foundation, and on the board of the New Orleans Wine and Food Experience.

 Wilson earned a Master of Business Administration in Marketing and Finance from Tulane University and is a graduate of the University of Denver’s School of Hotel and Restaurant Management.

About the Bourbon Orleans Hotel

The Bourbon Orleans Hotel is a 218 room, 28 suite luxury property located in the center of the French Quarter of New Orleans, between Royal and Bourbon Streets. 

 The property is a leader in small meetings and formal catered events in the city, and offers luxurious amenities such as heated courtyard saltwater pool, Bourbon Oh! Bar, Paillards Restaurant for breakfast and dinner and high-speed internet access. 

The Bourbon Orleans is a member of the New Orleans Hotel Collection, a group of seven properties providing top quality lodging choices in the downtown area and near the New Orleans airport.  For more information, visit


Arbor Closes $5,925,000 Fannie Mae DUS® Loan for Garden Park Apartments in Arlington, TX

Uniondale, NY (Sept. 28, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $5,925,000 loan under the Fannie Mae DUS® product line for the 252-unit complex known as Garden Park Apartments (top left photo) in Arlington, TX. The 10-year loan amortizes on a 30-year schedule.

The loan was originated by Ronen Abergel, Director, in Arbor’s full-service New York, NY, lending office.

Contact:   Christopher Ostrowski, costrowski@arbor.com

Chief Executive Thomas D’Arcy to Participate in Panel at Bank of America Merrill Lynch Global Real Estate Conference

 SANTA ANA, Calif. (Sept. 27, 2010) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announced today that Thomas P. D'Arcy (top right photo), president and chief executive officer, will participate in a panel discussion entitled “The World According to Agents” at the Bank of America Merrill Lynch Global Real Estate Conference in New York on Tuesday, Sept. 28, 2010, at 1:20 p.m. Eastern time.

A live audio webcast of the panel discussion will be accessible via the Investor Relations section of the company's website at www.grubb-ellis.com/InvestorRelations.  An audio replay of the webcast will be posted on the site within one hour of the live event and be available until Friday, Oct. 15, 2010.

Contact:           Janice McDill
Phone:              312.698.6707                                     
Email:               janice.mcdill@grubb-ellis.com