MAITLAND, Fla. --- NAI Realvest recently negotiated two new lease agreements for office space in Orlando and Lake Mary. NAI Realvest Principal Tom R. Kelley II, CCIM negotiated both transactions.
In Lake Mary Kelley represented the landlord in a lease agreement for 1,275 square feet of
office space at 153 Parliament Loop in Regency Pointe. Jonathan Fitzgerald of KW Commercial represented the tenant, JD Insurance & Financial Group of Lake Mary.
Kelley brokered a lease transaction in Orlando for 750 square feet of office space at 2212 Hillcrest St. where Brian Adams Photographics is the new tenant and Whirly Properties, LLC is the landlord. * * *
For more information contact: Tom R. Kelley II, CCIM, Principal, NAI Realvest, 407-875-9989, tkelley@realvest.com; Patrick Mahoney, President NAI Realvest, 407-875-9989 pmahoney@realvest.com; Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142
About NAI Realvest: NAI Realvest, covering all of Central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 325 offices spanning the globe. Since 1978, clients have built businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.NAIRealvest.com.
Showing posts with label financial. Show all posts
Showing posts with label financial. Show all posts
Friday, January 21, 2011
Tuesday, April 20, 2010
Baton Rouge Financial & Real Estate Consultant Knows the Solutions to America’s Present Economic Woes
BATON ROUGE - When the extent of the U.S. economic collapse began to unfold three years ago, Pete Goff, Jr., wasn’t surprised. He’d been watching it closely for some time. From the inside.
“From my perspective it was like watching a car crash in slow motion,” Goff said. “I saw it happening but was not in a position to prevent it.” Goff decided he must take action.
He began an obsessive study of macro economics. Armed with degrees in Business Administration and Accounting from LSU and more than 25 years of experience as a lender, builder, and development consultant, Goff has a solid grasp of the economy---finance, accounting, and fiscal policy.
Now his analysis of our economic problems, complete with solutions, are ready to be made public. “The solutions are not simple, but they’re achievable,” Goff said recently. The Inevitable Path, from beginning to end, is an honest assessment of America’s economic problems, the mistakes that caused them, and solutions required to remedy them.
He’s about to complete his first book, The Inevitable Path, that’s being shopped to U.S. publishers. And he has something worth reading: the step-by-step solution to America’s economic turmoil.
One of the fist steps Congress must undertake, Goff said, is to reenact the Glass-Steagall Act in its original form. Coincidence or not, Glass-Steagall worked for 66 years, but only 8 years after its 1999 repeal, the entire financial system collapsed.
“Repeal of Glass-Steagall allowed the self-regulate and self-correct philosophy of our financial and government “leaders” that led directly to the economic collapse,” Goff said.
There are six street-level changes providing a “three-year plan” to return America to economic stability. These solutions are proven methods to substantially restore the U.S. housing market---the nation’s most significant accumulation of wealth---and spur new development.
“The Inevitable Path focuses on practical, prescriptive changes Congress and bank regulators could undertake immediately,” Goff explained. “We can posture and point fingers for the next decade, but that won’t solve our economic dilemma.”* * *
For more information, contact:
Pete Goff, Jr., Author 225-413-7876 petegoffjr@yahoo.com; Larry Vershel, Larry Vershel Communications 407 644-4142 lvershelco@aol.com.
“From my perspective it was like watching a car crash in slow motion,” Goff said. “I saw it happening but was not in a position to prevent it.” Goff decided he must take action.
He began an obsessive study of macro economics. Armed with degrees in Business Administration and Accounting from LSU and more than 25 years of experience as a lender, builder, and development consultant, Goff has a solid grasp of the economy---finance, accounting, and fiscal policy.
Now his analysis of our economic problems, complete with solutions, are ready to be made public. “The solutions are not simple, but they’re achievable,” Goff said recently. The Inevitable Path, from beginning to end, is an honest assessment of America’s economic problems, the mistakes that caused them, and solutions required to remedy them.
He’s about to complete his first book, The Inevitable Path, that’s being shopped to U.S. publishers. And he has something worth reading: the step-by-step solution to America’s economic turmoil.
One of the fist steps Congress must undertake, Goff said, is to reenact the Glass-Steagall Act in its original form. Coincidence or not, Glass-Steagall worked for 66 years, but only 8 years after its 1999 repeal, the entire financial system collapsed.
“Repeal of Glass-Steagall allowed the self-regulate and self-correct philosophy of our financial and government “leaders” that led directly to the economic collapse,” Goff said.
There are six street-level changes providing a “three-year plan” to return America to economic stability. These solutions are proven methods to substantially restore the U.S. housing market---the nation’s most significant accumulation of wealth---and spur new development.
“The Inevitable Path focuses on practical, prescriptive changes Congress and bank regulators could undertake immediately,” Goff explained. “We can posture and point fingers for the next decade, but that won’t solve our economic dilemma.”* * *
For more information, contact:
Pete Goff, Jr., Author 225-413-7876 petegoffjr@yahoo.com; Larry Vershel, Larry Vershel Communications 407 644-4142 lvershelco@aol.com.
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Tuesday, April 13, 2010
What’s next For Baton Rouge Banker, Developer Pete Goff Jr.? Definitive Book on America’s Financial Woes to Include Solution
Baton Rouge - For the past three years, Baton Rouge banker, community developer and business owner Pete Goff, Jr., has been studying America’s economic crisis. He’s the first to call it an obsession.
Soon, he’ll call it a book---The Inevitable Path---that he promises will include definitive solutions to the nation’s economic woes. Goff is currently shopping the nearly-completed manuscript to major publishers.
“I’ve been in the trenches of real estate development and construction, and I’ve worked on both sides of the desk as a general contractor and lender,” Goff said.
“The current economic decline is an incredibly complex set of issues and our current path is a disaster,” he said.
Goff said the stakes are too high to fail.
“Unless we change what we are doing and how we approach the problem, we will literally change the world by default---by abandoning our role as a world economic leader, as a force for good, as a political and military power, and as a moral power,” he said.
Goff earned degrees in Accounting and Business Administration from Louisiana State University. He served as senior banking executive with Louisiana’s largest bank and principal of his own general contracting and community development business.
“I watched the economic collapse from the inside. I know the way out and I feel compelled to tell the story,” Goff explained.
Goff said he plans to complete the manuscript for The Inevitable Path before its June 1 deadline.
For more information, contact: Pete Goff, Jr., Author 225-413-7876 petegoffjr@yahoo.com; Larry Vershel, Larry Vershel Communications 407 644-4142 lvershelco@aol.com.
Soon, he’ll call it a book---The Inevitable Path---that he promises will include definitive solutions to the nation’s economic woes. Goff is currently shopping the nearly-completed manuscript to major publishers.
“I’ve been in the trenches of real estate development and construction, and I’ve worked on both sides of the desk as a general contractor and lender,” Goff said.
“The current economic decline is an incredibly complex set of issues and our current path is a disaster,” he said.
Goff said the stakes are too high to fail.
“Unless we change what we are doing and how we approach the problem, we will literally change the world by default---by abandoning our role as a world economic leader, as a force for good, as a political and military power, and as a moral power,” he said.
Goff earned degrees in Accounting and Business Administration from Louisiana State University. He served as senior banking executive with Louisiana’s largest bank and principal of his own general contracting and community development business.
“I watched the economic collapse from the inside. I know the way out and I feel compelled to tell the story,” Goff explained.
Goff said he plans to complete the manuscript for The Inevitable Path before its June 1 deadline.
For more information, contact: Pete Goff, Jr., Author 225-413-7876 petegoffjr@yahoo.com; Larry Vershel, Larry Vershel Communications 407 644-4142 lvershelco@aol.com.
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Friday, September 18, 2009
NAI Realvest Negotiates New Office Lease Agreements totaling more than 6,355 square feet in Winter Park and Maitland
ORLANDO, Fla. - NAI Realvest recently negotiated three new lease agreements for a total of 6,355 square feet of office space in Winter Park and Maitland.
NAI Realvest Principal Tom Kelley, CCIM and Senior Broker Associate Mary Frances West, CCIM negotiated a lease for 3,114 square feet at 2200 Lucien Way in Maitland representing the landlord Lucien Way LLC. Lake Worth-based Nurse on Call, Inc. is the new tenant.
At 291 Southhall Lane, Kelley represented landlord JLR Properties in a lease agreement with Maitland-based Brockman Insurance Group who took 841 square feet in the building.
Michael Heidrich, principal at NAI Realvest, negotiated the lease of 2,400 square feet in the Winter Park Commerce Center at 921 N. Pennsylvania Ave. representing the landlord, WFI, LLP of Winter Park. Maitland-based Stonebridge Financial Planning Group, LLC is the new tenant represented by Jim Posey of Keller Williams Commercial.
For more information, contact:
Michael Heidrich, Principal, NAI Realvest, 407-875-9989, mheidrich@realvest.com
Tom Kelley, CCIM, Principal, NAI Realvest, 407-875-9989, tkelley@realvest.com
Patrick Mahoney, President NAI Realvest, 407-875-9989 pmahoney@realvest.com
Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142
About NAI Realvest:
NAI Realvest, covering all of Central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 325 offices spanning the globe. Since 1978, clients have built businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.NAIRealvest.com.
NAI Realvest Principal Tom Kelley, CCIM and Senior Broker Associate Mary Frances West, CCIM negotiated a lease for 3,114 square feet at 2200 Lucien Way in Maitland representing the landlord Lucien Way LLC. Lake Worth-based Nurse on Call, Inc. is the new tenant.
At 291 Southhall Lane, Kelley represented landlord JLR Properties in a lease agreement with Maitland-based Brockman Insurance Group who took 841 square feet in the building.
Michael Heidrich, principal at NAI Realvest, negotiated the lease of 2,400 square feet in the Winter Park Commerce Center at 921 N. Pennsylvania Ave. representing the landlord, WFI, LLP of Winter Park. Maitland-based Stonebridge Financial Planning Group, LLC is the new tenant represented by Jim Posey of Keller Williams Commercial.
For more information, contact:
Michael Heidrich, Principal, NAI Realvest, 407-875-9989, mheidrich@realvest.com
Tom Kelley, CCIM, Principal, NAI Realvest, 407-875-9989, tkelley@realvest.com
Patrick Mahoney, President NAI Realvest, 407-875-9989 pmahoney@realvest.com
Beth Payan or Larry Vershel, Larry Vershel Communications, 407-644-4142
About NAI Realvest:
NAI Realvest, covering all of Central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 325 offices spanning the globe. Since 1978, clients have built businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.NAIRealvest.com.
Tuesday, August 18, 2009
BioTraits, Inc. Appoints Chief Financial Officer in Face of More Than $1 Million in Upcoming Contracts
BioTraits, Inc. Appoints Chief Financial Officer in Face of More Than $1 Million in Upcoming Contracts
ORLANDO, Fla. - BioTraits, Inc., the biometric technology company that provides customized biometric software and turnkey security/IT solutions for a wide range of clients, has appointed Patrick J. Jannotti chief financial officer.
Peter Wengert, founder and chief executive officer of BioTraits, Inc., said Jannotti has a masters degree in Business Administration from the University of Central Florida and more than 15 years of experience in software and information technology. Most recently, Jannotti was senior financial director for Tech Grant Management Consultants and director of strategic alliances for SunGard/HTE.
Wengert said BioTraits anticipates significant growth through the end of this year.
“Currently, we have contracts valued at more than $1 million in process and needed to expand our management team to handle the growth we are experiencing. Patrick will fill the critical role of overseeing all of our financial strategies and activities,” Wengert said.
BioTraits Inc. is a University of Central Florida Business Incubation Program client at the Incubator in Research Park.
For more information about this release contact:
Peter A. Wengert, CEO BioTraits, Inc. 3267 Progress Drive, Suite 103, Orlando, FL 32826; 866-815-0888 or peter@biotraits.com
Carol Ann Dykes, Site Manager, UCF Business Incubation Program, 407-882-0211, cdykes@mail.ucf.edu
Thomas O’Neal, Executive Director, UCF Incubation Program, 407 882-1120, oneal@mail.ucf.edu
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142 or LvershelCo@aol.com
About BioTraits:
Founded in March 2003, BioTraits, Inc. is a biometric company providing solutions for biometric identification and verification products through its development of a suite of workforce management products and distribution of biometric access control products. For more information, visit www.biotraits.com.
About the UCF Business Incubation Program:
Since its founding in 1999, the UCF Business Incubation Program has helped more than 100 emerging companies (including nearly 70 current clients) create over $500 million in annual revenue and more than 1600 new jobs with an average salary of $59,000. With five facilities across the Greater Orlando community, the Incubation Program is a collaboration in economic development between the University of Central Florida, Orange County, the City of Orlando, Seminole County, the City of Winter Springs, Lake County, the City of Leesburg and the Florida High Tech Corridor Council. For more information, please visit www.incubator.ucf.edu.
ORLANDO, Fla. - BioTraits, Inc., the biometric technology company that provides customized biometric software and turnkey security/IT solutions for a wide range of clients, has appointed Patrick J. Jannotti chief financial officer.
Peter Wengert, founder and chief executive officer of BioTraits, Inc., said Jannotti has a masters degree in Business Administration from the University of Central Florida and more than 15 years of experience in software and information technology. Most recently, Jannotti was senior financial director for Tech Grant Management Consultants and director of strategic alliances for SunGard/HTE.
Wengert said BioTraits anticipates significant growth through the end of this year.
“Currently, we have contracts valued at more than $1 million in process and needed to expand our management team to handle the growth we are experiencing. Patrick will fill the critical role of overseeing all of our financial strategies and activities,” Wengert said.
BioTraits Inc. is a University of Central Florida Business Incubation Program client at the Incubator in Research Park.
For more information about this release contact:
Peter A. Wengert, CEO BioTraits, Inc. 3267 Progress Drive, Suite 103, Orlando, FL 32826; 866-815-0888 or peter@biotraits.com
Carol Ann Dykes, Site Manager, UCF Business Incubation Program, 407-882-0211, cdykes@mail.ucf.edu
Thomas O’Neal, Executive Director, UCF Incubation Program, 407 882-1120, oneal@mail.ucf.edu
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142 or LvershelCo@aol.com
About BioTraits:
Founded in March 2003, BioTraits, Inc. is a biometric company providing solutions for biometric identification and verification products through its development of a suite of workforce management products and distribution of biometric access control products. For more information, visit www.biotraits.com.
About the UCF Business Incubation Program:
Since its founding in 1999, the UCF Business Incubation Program has helped more than 100 emerging companies (including nearly 70 current clients) create over $500 million in annual revenue and more than 1600 new jobs with an average salary of $59,000. With five facilities across the Greater Orlando community, the Incubation Program is a collaboration in economic development between the University of Central Florida, Orange County, the City of Orlando, Seminole County, the City of Winter Springs, Lake County, the City of Leesburg and the Florida High Tech Corridor Council. For more information, please visit www.incubator.ucf.edu.
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Friday, August 14, 2009
Personal Financial Advice that’s Critical: Take Charge of Your Own Funds, Learn How to Analyze Investments, says Glen Mather
Personal Financial Advice that’s Critical: Take Charge of Your Own Funds, Learn How to Analyze Investments, says Glen Mather, head of Entrust Administrative Services
ORLANDO, Fla. - Whether you’re 35 or 60, three things are certain in today’s economic climate: things aren’t the way they once were, you can’t trust anyone to manage your savings, and you must learn how to think for yourself.
Those are strong words, and they come from someone who should know: Glen Mather, president of Entrust Administrative Services, LLC, which administers more than 2,000 self-directed retirement accounts valued at more than $200 million.
“The handwriting’s on the wall and it’s a topic on just about every evening news program,” said Mather, whose company won’t offer investment advice, even when asked. “From financial meltdowns to financial scandals to economic downturns, it’s clear that people who want to save for their future, and especially for their retirement, must take charge of their own destiny,” Mather said.
That’s not easy in a world where Wall Street speculators and high-powered fund managers have upended markets, invented bubbles and shaken some of the bluest blue-chip corporations like rag dolls, Mather sympathized.
Mather doesn’t mean to point fingers. “That’s a job for the courts and the regulatory agencies,” Mather said. “Our goal is to educate, motivate and facilitate individuals who are making their own best decisions,” he said.
“Over the past few years we have seen an incredible amount of capital erosion,” Mather explained. “What we used to think of as safe bets have proved no more predictable than a Vegas roulette wheel. Real estate has shed 40 percent of its value, impacting good neighborhoods and benchmark commercial properties as much as the rest. Blue chip corporations, the bastions of the American economy, are filing for bankruptcy protection and standing in line for government bailouts. Some of the most trusted names in financial services are victims to greed and manipulation, threatening the financial security of our nation,” Mather said.
The only antidote is for each of us to mend our ways.
“It is imperative that we take control of our own financial future,” Mather warned. “If we simply hand our savings over to financial managers, don’t get involved, and wait for the returns to roll in, we may end up broke and hungry and---like 50 percent of people over the age of 65 today---working part or full-time through our retirement,” he said.
The antidote is education---lots of it.
“We have to learn the fundamentals of the financial markets. We have to learn how to analyze the news, read between the lines, and understand the difference between market indicators and marketing propaganda,” he said.
For more information, contact:
Glen Mather, President, Entrust Administrative Services, Inc. 407-367-3472; gmather@entrustfl.com
Larry Vershel, Larry Vershel Communications 407-644-4142 lvershelco@aol.com
ORLANDO, Fla. - Whether you’re 35 or 60, three things are certain in today’s economic climate: things aren’t the way they once were, you can’t trust anyone to manage your savings, and you must learn how to think for yourself.
Those are strong words, and they come from someone who should know: Glen Mather, president of Entrust Administrative Services, LLC, which administers more than 2,000 self-directed retirement accounts valued at more than $200 million.
“The handwriting’s on the wall and it’s a topic on just about every evening news program,” said Mather, whose company won’t offer investment advice, even when asked. “From financial meltdowns to financial scandals to economic downturns, it’s clear that people who want to save for their future, and especially for their retirement, must take charge of their own destiny,” Mather said.
That’s not easy in a world where Wall Street speculators and high-powered fund managers have upended markets, invented bubbles and shaken some of the bluest blue-chip corporations like rag dolls, Mather sympathized.
Mather doesn’t mean to point fingers. “That’s a job for the courts and the regulatory agencies,” Mather said. “Our goal is to educate, motivate and facilitate individuals who are making their own best decisions,” he said.
“Over the past few years we have seen an incredible amount of capital erosion,” Mather explained. “What we used to think of as safe bets have proved no more predictable than a Vegas roulette wheel. Real estate has shed 40 percent of its value, impacting good neighborhoods and benchmark commercial properties as much as the rest. Blue chip corporations, the bastions of the American economy, are filing for bankruptcy protection and standing in line for government bailouts. Some of the most trusted names in financial services are victims to greed and manipulation, threatening the financial security of our nation,” Mather said.
The only antidote is for each of us to mend our ways.
“It is imperative that we take control of our own financial future,” Mather warned. “If we simply hand our savings over to financial managers, don’t get involved, and wait for the returns to roll in, we may end up broke and hungry and---like 50 percent of people over the age of 65 today---working part or full-time through our retirement,” he said.
The antidote is education---lots of it.
“We have to learn the fundamentals of the financial markets. We have to learn how to analyze the news, read between the lines, and understand the difference between market indicators and marketing propaganda,” he said.
For more information, contact:
Glen Mather, President, Entrust Administrative Services, Inc. 407-367-3472; gmather@entrustfl.com
Larry Vershel, Larry Vershel Communications 407-644-4142 lvershelco@aol.com
Wednesday, June 17, 2009
Grubb & Ellis|Commercial Florida negotiates new office lease agreement in Maitland Center
Grubb & EllisCommercial Florida negotiates new office lease agreement in Maitland Center
ORLANDO, Fla. – Grubb & EllisCommercial Florida, associated with 130 Grubb & Ellis offices worldwide, recently completed a new office lease agreement for 4,514 square feet in the 500 Winderley building at 500 Winderley Place in Maitland.
Anne Deason, associate vice president and Andrew E. McCaw, FMA, senior vice president, in the Office Services Group at Grubb & EllisCommercial Florida, negotiated the agreement representing the tenant Maitland-based Redchip Companies, a small-cap stock research and financial public relations firm.
The landlord of the building is ACP/URS 500 Winderley LLC, represented by Betsy Owens of Cushman & Wakefield.
Grubb & EllisCommercial Florida:
Grubb & EllisCommercial Florida is an affiliated commercial real estate services firm specializing in the leasing and sale of office, industrial, retail, land and investment properties. Currently Grubb & EllisCommercial Florida has 40 brokers divided among its Orlando, Tampa and Melbourne offices to serve the entire mid-Florida marketplace.
About Grubb & Ellis:
Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services and investment companies. With more than 130 owned and affiliate offices worldwide, Grubb & Ellis offers property owners, corporate occupants and investors comprehensive integrated real estate solutions, including transaction, management, consulting and investment advisory services supported by proprietary market research and extensive local market expertise.
Grubb & Ellis and its subsidiaries are leading sponsors of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including tax-deferred 1031 tenant-in-common (TIC) exchanges; public non-traded real estate investment trusts (REITs) and real estate investment funds. As of September 30, 2008, more than $3.8 billion in investor equity has been raised for these investment programs. The company and its subsidiaries currently manage a growing portfolio of more than 225 million square feet of real estate. In 2007, Grubb & Ellis was selected from among 15,000 vendors as Microsoft Corporation's Vendor of the Year. For more information regarding Grubb & Ellis Company, please visit http://www.grubb-ellis.com/.
Contacts:

Anne Deason, 407-481-5411, adeason@commercialfl.com

Andy McCaw, 407-481-5301, amccaw@commercialfl.com
Larry Vershel 407-644-4142
ORLANDO, Fla. – Grubb & EllisCommercial Florida, associated with 130 Grubb & Ellis offices worldwide, recently completed a new office lease agreement for 4,514 square feet in the 500 Winderley building at 500 Winderley Place in Maitland.
Anne Deason, associate vice president and Andrew E. McCaw, FMA, senior vice president, in the Office Services Group at Grubb & EllisCommercial Florida, negotiated the agreement representing the tenant Maitland-based Redchip Companies, a small-cap stock research and financial public relations firm.
The landlord of the building is ACP/URS 500 Winderley LLC, represented by Betsy Owens of Cushman & Wakefield.
Grubb & EllisCommercial Florida:
Grubb & EllisCommercial Florida is an affiliated commercial real estate services firm specializing in the leasing and sale of office, industrial, retail, land and investment properties. Currently Grubb & EllisCommercial Florida has 40 brokers divided among its Orlando, Tampa and Melbourne offices to serve the entire mid-Florida marketplace.
About Grubb & Ellis:
Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services and investment companies. With more than 130 owned and affiliate offices worldwide, Grubb & Ellis offers property owners, corporate occupants and investors comprehensive integrated real estate solutions, including transaction, management, consulting and investment advisory services supported by proprietary market research and extensive local market expertise.
Grubb & Ellis and its subsidiaries are leading sponsors of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including tax-deferred 1031 tenant-in-common (TIC) exchanges; public non-traded real estate investment trusts (REITs) and real estate investment funds. As of September 30, 2008, more than $3.8 billion in investor equity has been raised for these investment programs. The company and its subsidiaries currently manage a growing portfolio of more than 225 million square feet of real estate. In 2007, Grubb & Ellis was selected from among 15,000 vendors as Microsoft Corporation's Vendor of the Year. For more information regarding Grubb & Ellis Company, please visit http://www.grubb-ellis.com/.
Contacts:

Anne Deason, 407-481-5411, adeason@commercialfl.com

Andy McCaw, 407-481-5301, amccaw@commercialfl.com
Larry Vershel 407-644-4142
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