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THE GREATER RICHMOND ASSOCIATION FOR COMMERCIAL REAL ESTATE TO HOST SEVENTH ANNUAL COMMERCIAL MARKET REVIEW FEBRUARY 17TH

January 29, 2009

Real Estate Experts To Provide 360 Analysis of 2008 Market

RICHMOND, VA, January 27, 2009—On Tuesday, February 17, 2009, commercial property owners, developers, and related business professionals throughout the Richmond region will have an unparalleled opportunity to examine the significant real estate developments and emerging trends at The Seventh Annual Commercial Market Review, presented by the Greater Richmond Association for Commercial Real Estate (GRACRE). The signature breakfast event will be held at the new Westin Richmond Hotel at Reynolds Crossing, 6631 West Broad Street, from 7:30 to 9:00 am. The four-member panel, who will examine the industrial, investment, office, and retail markets includes: Paul Denton, Associate Director, GVA Advantis — Office; Robert A. Dirom, III, First Vice President, CB Richard Ellis — Industrial; Susan Jones, Senior Vice-President Grubb & Ellis│Harrison & Bates — Retail; and Eric Robison, CCIM, Thalhimer/Cushman & Wakefield — Investment.

“With today’s highly volatile economy, our members and their guests are anxious to see how Richmond fared in 2008 and what the market might bear in 2009,” states David Auman, GRACRE president for 2009. “Our panel of experts represents the major commercial real estate segments and should provide very timely, relevant information.”

The event sponsors are BB&T, CB Richard Ellis, Grubb & Ellis/Harrison & Bates, GVA Advantis, Thalhimer/Cushman & Wakefield Alliance and The Westin Richmond Hotel. The cost is $25 for members and $45 for non-members. For more information, contact Diane Munn at 804. 675.7502 or log on to www.GRACRE.org.

ABOUT THE SPEAKERS

Assistant Director Paul Denton joined the Richmond office of GVA Advantis in 2006 and has almost a decade of experience in leasing, selling and managing commercial property. His area of expertise is office and industrial leasing and sales, and he specializes in the representation of medical users.

Robert F. Dirom, III, is a first vice president with CB Richard Ellis’ Richmond office and a co-founder and team leader of the company’s Industrial Team. Rob has been actively engaged in the commercial real estate industry since 1997 and his areas of expertise include Industrial, Office/Flex, and Office property types. He has worked with local, national, and international clients throughout his career and has also provided assistance with retail and multi-family assignments.

Susan Jones is a Senior Vice President at Grubb and Ellis│Harrison & Bates with over two decades of experience in the retail real estate segment. She began her career in 1985 when she joined Faison & Associates in the Richmond, Virginia office in the developing and leasing of the James Center, a mixed-use commercial real estate development located in the central business district. In 1988 she joined Lingerfelt Development Corporation where she was involved in the development and project management of health care facilities in the Mid-Atlantic region. Her career also includes working in the real estate asset management department at Investors Savings Bank, and five years with Heilig-Meyers Company, where she was responsible for directing a portfolio of over 1,400 leased properties totaling 30 million square feet of retail space. Prior to joining Grubb & Ellis|Harrison & Bates in 2001, Susan was Director of Retail Brokerage at Dominion Commercial Realty for three years.

Eric Robison leads the Investment Brokerage Group at Thalhimer. Mr. Robison is an expert in financial analysis and deals exclusively in the disposition of all disciplines of investment real estate, specializing in institutional grade office and retail properties. Recent clients represented include Chelsea Property Group, Liberty Property Trust and LNR Corporation. Since taking over as Director of the Investment Brokerage Group in 2004, Mr. Robison has been the lead on investment sale transactions totaling over $150 million. Under Mr. Robison's leadership, the Investment Brokerage Group has achieved annual sales volume growth of approximately 30 percent. Prior to joining Thalhimer, Mr. Robison worked in Washington, D.C. as a senior consultant at Accenture, a leading global management consulting firm.


About GRACRE
The Greater Richmond Association for Commercial Real Estate (GRACRE) provides opportunities for professionals in all disciplines relating to commercial real estate to interact with one another. GRACRE encompasses the City of Richmond and the counties of Chesterfield, Goochland, Hanover, and Henrico.

GRACRE is the only organization in Richmond whose primary mission is to be an advocate for commercial property owners, developers, and related professionals. GRACRE proactively addresses issues affecting the commercial real estate industry in Richmond. For upcoming events or membership information log on to www.GRACRE.org.

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