Crossman & Co. Names Mallory Ham and Britney Mroczkowski Research Analysts in Orlando and Tallahassee

ORLANDO, FL --- Crossman & Company, the Orlando-based commercial property firm that ranks as one of the largest third-party retail leasing and management firms in the Southeast and celebrating its 20th anniversary, has hired Mallory Ham (top right photo) and Britney Mroczkowski (middle left photo)i as research analysts. 

John Crossman, president of Crossman & Company, said Mroczkowski will graduate from Florida State University with Bachelor of Science degrees in Real Estate and Marketing in May 2011.  She is a member of the International Council of Shopping Centers.   Mroczkowski will be based in Tallahassee.

Ham graduated in December 2010 from Florida State University with a Bachelor of Science in Real Estate and Finance.  She is a member of the International Council of Shopping Centers.   Ham will be based in Orlando, Crossman said.

For more information, contact:

John Crossman, CCIM, President, Crossman & Company, 407-581-6218, jcrossman@crossmanco.com

Molly Delahunty, Crossman & Company, 407-581-6220 mdelahunty@crossmanco.com

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

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New Faces at Holliday Fenoglio Fowler

 Michael Weinberg is senior real estate analyst in Miami commercial real estate capital markets group

MIAMI, FL – HFF (Holliday Fenoglio Fowler, L.P.) announced  that Michael Weinberg (top right photo) has joined the firm as a senior real estate analyst and will focus on equity and debt commercial real estate capital markets transactions in the hotel and retail sectors throughout Florida. 

Mr. Weinberg has more than five years of experience in the commercial real estate industry and prior to joining HFF, he was the director of real estate at Rida Development.  In this role, Mr. Weinberg sourced acquisitions for hotel, office, retail and land transactions throughout the Florida market.  Prior to that, he was an associate with Trammell Crow Company – CB Richard Ellis.

Contacts:   

Manuel A. DeZarraga, HFF Senior Managing Director, (305) 448-1333 mdezarraga@hfflp.com

Daniel C. Peek, HFF Senior Managing Director, (305) 448-1333 dpeek@hfflp.com

H. Bradley Peterson, HFF Managing Director, (407) 286-5224 bpeterson@hfflp.com

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

krmurphy@hfflp.com

K.C. Patel is New Director in National Hotel Group

NEW YORK, NY – HFF (Holliday Fenoglio Fowler, L.P.) announced that K.C. Pate (lower left photo)l has joined the firm as a director in its New York office and will focus on institutional grade hotel and resort property transactions throughout North America. 

Throughout his 11-year career, Mr. Patel has been involved with hospitality real estate investments including property management, investment sales, CMBS origination and principal acquisitions totaling more than $3.5 billion. 

Prior to joining HFF, Mr. Patel was the vice president of joint venture hospitality acquisitions on behalf of JP Morgan’s $1.5 billion alternative property fund.

Contacts:

Daniel Peek, HFF Senior Managing Director, (305) 448-1333, dpeek@hfflp.com

Mike Tepedino, HFF Senior Managing Director, (212) 245-2425 mtepedino@hfflp.com

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

krmurphy@hfflp.com

AREA Property Partners and Winston Harton Holdings Acquire Sheraton Safari Hotel and Suites in Orlando

ORLANDO, FL /PRNewswire/ -- AREA Property Partners and Winston Harton Holdings, LLC announced the purchase and planned $25 million redevelopment of the Sheraton Safari Hotel and Suites (above centered  photo) on Lake Buena Vista Drive in Orlando, Fla. 

The seller and transaction price for the 489 key facility were not disclosed.  Extensive improvements of the facility are scheduled to begin immediately, with completion anticipated by spring 2012, the firms said.

"We are very pleased to conclude this transaction and to be part of the redevelopment of Sheraton Safari Hotel and Suites," said Randy Torres, AREA partner.  "It is an opportune time to reposition and reestablish the hotel as the Orlando hospitality market continues its recovery."  

"A top team has been assembled to execute the Sheraton Safari's redevelopment plan in this phenomenal location," said Russ Flicker, managing partner, Winston Harton Holdings, LLC.  "We are eager to create a strong presence in the Orlando market and look forward to great success with a revitalized property."

"We are delighted to enhance our footprint in Orlando with the redevelopment of Sheraton Safari," said Hoyt H. Harper II, (middle left photo) Senior Vice President for Sheraton Hotels & Resorts.

"Sheraton prides itself on instilling a sense of belonging in its guests by providing them with spacious accommodations, signature services and updated technologies that will all be present at the new Sheraton Safari."

For more information on the Sheraton Safari Hotel and Suites, please contact 1-800-325-3535 or visit http://www.sheratonsafari.com/

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Contact:

 For AREA Property Partners: Michelle Manoff, Rubenstein Public Relations, +1-212-843-8051, mmanoff@rubensteinpr.com;

 For Sheraton Safari Hotel and Suites: Autumn Mayfield, The Mayfield Group, +1-850-421-9007, amayfield@the-mayfield-group.com

 Web Site: http://www.areapropertypartners.com/

Regency Centers Announces Tax Information for 2010 Distributions

 JACKSONVILLE, FL (Jan. 17, 2011)— Regency Centers Corporation (NYSE: REG) today announced the Federal income tax treatment of its 2010 distributions to holders of its common shares and Series 3, 4 and 5 Preferred shares

Please contact Lisa Palmer, IRInfo@regencycenters.com at 904-598-7636 for details.

National Retail Properties, Inc. Announces 2010 Dividend Tax Status

 Company Marks 21st Year of Consecutive Dividend Increases

ORLANDO, FL, /PRNewswire/ -- National Retail Properties, Inc. (NYSE: NNN), an equity real estate investment trust, announced  that 76.5209% of the dividends paid to common shareholders and 100.0% of the dividends paid to preferred shareholders in 2010 are classified for federal income tax purposes as a taxable distribution.

Please contact  Kevin B. Habicht (top right photo), Chief Financial Officer, +1-407-265-7348  for the table showing the tax attributes of the common stock and preferred series dividends paid per share.

"The common dividend of $1.51 per share paid in 2010 marks the twenty first consecutive annual dividend increase for National Retail Properties, a milestone very few public companies have achieved," said Habicht. 

"This consistent dividend has been an important part of the company's total return to shareholders which has outperformed industry and general equity benchmarks."

National Retail Properties invests primarily in high-quality retail properties subject generally to long-term, net leases.  As of September 30, 2010, the company owned 1,037 Investment Properties in 43 states with a gross leasable area of approximately 11.7 million square feet.

 For more information on the company, visit www.nnnreit.com

Promotions and New Faces at Marcus & Millichap

David E. Thurston Promoted to Associate Vice President Investments

ELMWOOD PARK, NJ – The board of directors of Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted David E. Thurston (top right photo) to associate vice president investments.

This achievement is one of the highest levels of recognition the firm awards to its investment specialists. It represents excellence in the development and servicing of long-term client relationships, according to Michael J. Fasano, vice president and regional manager of the New Jersey office.

Most recently, Thurston held the title of senior associate in the New Jersey office.

Michael P. Regan Moves Up to Associate Vice President Investments

TAMPA, FL– The board of directors of Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has promoted Michael P. Regan (top left photo) to associate vice president investments.

This achievement is one of the highest levels of recognition the firm awards to its investment specialists. It represents excellence in the development and servicing of long-term client relationships, according to Bryn Merrey, regional manager of the firm’s Tampa office.

 Most recently, Regan held the title of senior associate in the Tampa office.

John T. Thornton Named Deputy General Counsel

ENCINO, CA– The board of directors of Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has named John T. Thornton (lower right photo) deputy general counsel, according to John J. Kerin, president and chief executive officer.

Thornton will be based in the Los Angeles office.

Most recently, Thornton served as division general counsel at CB Richard Ellis. In that post, he was responsible for handling a wide variety of legal matters including litigation, corporate real estate, advising business units, and drafting and negotiating brokerage and other real estate services agreements.

“John brings nearly a quarter of a century of expertise in commercial real estate law to his new post as deputy general counsel,” explains Paul Mudrich, managing director and chief legal officer of Marcus & Millichap. “He will be an asset to our management team and investment professionals nationwide.”

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

Marcus & Millichap Sells 90-Unit Apartment Building in Winter Haven, FL for $2.45 Million

WINTER HAVEN, FL, Jan. 17, 2011 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Sunrise Bay Apartments (top left photo) , a 90-unit apartment property located in Winter Haven, Fla, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.

The asset commanded a sales price of $2,451,312.

Michael P. Regan (top right photo), an associate vice president investments, Francesco P. Carriera (middle left photo), a senior associate and Nicholas Meoli (lower right photo), a multifamily investment specialist all based in the Tampa office, represented the seller, a private investor and the buyer, a limited liability company, both based out of Florida.

 “This deal was unique in the fact that it was a structured short sale by the second mortgage holder.

“ Additionally, this property had 18 units that participated in a restricted rent program which we were able to get released.

"Throughout our marketing period, we fielded ten offers before we were able to close within ten days of contract with the buyer” said Meoli.

Sunrise Bay Apartments was built in 1991 and is located at 101 Parker Lane Northeast.

  Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700

HFF arranges $15.13 million in financing and joint venture equity for Hilton Hotel & Conference Center in Scranton, PA

BOSTON, MA – The Boston office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has arranged $15.13 million in financing and joint venture equity for the Hilton Hotel & Conference Center (top left photo), a 175-room hotel in downtown Scranton, Pennsylvania.

HFF directors Greg Labine (top right photo) and Janet Krolman (lower left photo) worked exclusively on behalf of Linchris Hotel Corporation to secure the $9.6 million adjustable-rate loan through a national bank. 

Blue Vista Capital Partners, LLC contributed $5.5 million of joint venture equity.  Proceeds were used to acquire the property, which was purchased unencumbered by management.

Completed in 2003, the seven-story property has approximately 26,000 square feet of meeting space, a full-service restaurant and lounge, a Starbucks counter, heated indoor lap pool, fitness center, business center and spa treatment rooms. 

The Hilton Hotel & Conference Center is located at 100 Adams Street close to Interstates 81, 476, 380 and 84 in downtown Scranton in eastern Pennsylvania.

“This purchase fits the Linchris acquisition strategy perfectly.  Linchris will be able to utilize their operational expertise to improve the bottom line performance of this market-leading hotel while continuing to improve the asset through the implementation of a PIP,” said LaBine. 

 “Blue Vista was able to quickly recognize the extensive track record that Linchris has in successfully executing this strategy, particularly in secondary markets, and performed throughout the process.  

"HFF created a structure with the bank, which incorporated both an acquisition loan and an improvement facility.”

 

Contacts:    

Grefory F. Labine, HFF Director, (617) 338-0990, glabine@hfflp.com

Janet N. Krolman, HFF Director, (617) 338-0990, jkrolman@hfflp.com

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

krmurphy@hfflp.com