NAI/MERIN HUNTER CODMAN CONTINUES WAVE OF HIRING WITH
LEADING SOUTH FLORIDA COMMERCIAL REAL ESTATE BROKER

David Knott marks Third Key Hire in as Many Months

West Palm Beach, FL - NAI/Merin Hunter Codman, the largest commercial real estate brokerage firm in Palm Beach County, Florida, today announced that David W. Knott, a leading South Florida commercial real estate broker, has joined NAI/Merin Hunter Codman as a Senior Commercial Associate.  Mr. Knott will focus on office and industrial sales and leasing throughout Palm Beach County.  He joins the firm from Applefield Waxman Commercial Real Estate, a Palm Beach Gardens-based commercial real estate brokerage, property management and investment services firm of which he was a principal.   Mr. Knott has been involved in over 250 sale and lease transactions in the last three years in Palm Beach County, valued in excess of $60 million. 

"The quantity and diversity of transactions that David has completed in the past years speaks volumes as to his market knowledge and negotiating abilities," said Jay M. Grossman, President NAI/Merin Hunter Codman.  "He will add further to the strength we are developing in the South Florida brokerage business."

Previously at Applefield Waxman Commercial Real Estate for five years, Mr. Knott specialized in office and industrial sales and leasing, and completed such noteworthy transactions as the sale of the 13-building Okeechobee Business Park near I-95 and Okeechobee Boulevard, and the Lake Park Portfolio, an 11-building office/warehouse complex.  Prior to that, he was a commercial agent at Fischer-Gaeta-Cromwell-Applefield, a commercial real estate brokerage firm, where he closed over 40 sale and leasing transactions.

Mr. Knott attended Montgomery College in Rockville, Maryland.  He is a member of the Business Development Board of Palm Beach County, the Realtors Commercial Alliance of Palm Beach County, the Chamber of Commerce of the Palm Beaches and the North Palm Beach Chamber of Commerce.

NAI/MERIN HUNTER CODMAN LEASES ENTIRE FLOOR AT
PALM BEACH COUNTY'S GOLDEN BEAR PLAZA

Driftwood Hospitality Expands Office Space to Accommodate Growing Hotel Holdings in
U.S., Caribbean, Latin America and Europe

West Palm Beach, FL - NAI/Merin Hunter Codman today announced that it has leased an entire floor of Golden Bear Plaza, the signature, Class "A" office building in Palm Beach Gardens, Florida to Driftwood Hospitality Management, LLC ("Driftwood Hospitality").  Driftwood Hospitality, together with its affiliates, owns, operates and develops hotels throughout the U.S., Caribbean and Latin America with a portfolio of over 42 hotels totaling over 8,600 rooms.  The firm's holdings are located in major resort destinations and top travel and convention markets in fourteen U.S. states, the Bahamas and Costa Rica.  Driftwood Hospitality has been undergoing a rapid expansion, leading it to sign on for over 13,000 square feet at the 246,000 square foot Golden Bear Plaza that bears the name of Jack Nicklaus's worldwide corporation.  The three-building property is situated on over 10 acres on US 1 with spectacular views of the Atlantic Ocean and Intracoastal waterway and in vicinity to some of Palm Beach County's most affluent residential communities.

"Golden Bear's multi-million dollar revitalization is a big draw to tenants," said Jason Sundook, SIOR, a Principal of NAI/Merin Hunter Codman.  "There are no new office buildings along the area's waterfront, and unlikely to be any future development.  Golden Bear represents an anomaly in Palm Beach Gardens, a first-class office building like new and with water views."

Golden Bear Plaza completed a significant $6-million renovation two years ago.  NAI/Merin Hunter Codman leased the entire fourth floor of Golden Bear's north tower to Driftwood Hospitality, representing the last significant space available in the Golden Bear complex.  In addition to water views, the space features high-end finishes and east and west private terraces each boasting over 300 square feet.  Such terraces, tiered along the building's facade, are a signature architectural element of Golden Bear Plaza.  The building is now 90% occupied.

Driftwood Hospitality is relocating from 1001 US 1 in Jupiter, where it was situated in a smaller space no longer adequate for the firm's growth.  The firm's revenues now exceed $250 million annually.  The firm's growing staff, currently numbering 46 professionals, focuses on hotel operations, sales & marketing, Internet strategy and online distribution, development acquisitions, renovation, accounting and yield management.

Driftwood's holdings range from luxury boutique hotels to full-service corporate hotels and resorts.  Florida properties include the Crowne Plaza at Sawgrass Mills, The Brickell Avenue Inn in Miami, Hampton Inn & Suites Doral Blvd. in Miami, Radisson Worldgate Resort near Disney World, and Sheraton Tampa Riverwalk Hotel, among others.  Its nationwide holdings include properties such as the Radisson Chicago Hotel & Suites one-half block from Michigan Avenue, while internationally the firm owns Bahamas waterfront resort, Paradise Island Harbor Resort, and Flamingo Beach Resort on Costa Rica's Pacific coast, among others.

"Our new space can readily accommodate our accelerated growth," added Mike Diaz, Executive Vice President at Driftwood Hospitality Management, LLC.  "We were quite pleased to find high quality offices near our existing location so that our staff and operations will experience as little disruption as possible."  He added that the views were another plus.

NAI/MERIN HUNTER CODMAN BREAKS 3 MILLION SQUARE FOOT MARK
FOR PROPERTY MANAGEMENT WITH JP MORGAN AND TWO OTHER NEW CONTRACTS

Firm Makes New Gains in Palm beach County Market Leadership

West Palm Beach, FL - NAI/Merin Hunter Codman, the largest commercial real estate brokerage firm in Palm Beach County, today announced that it has surpassed the 3 million square foot mark for total commercial properties managed in Palm Beach and Broward Counties after having been awarded three new property management assignments.  The firm now oversees more than 45 properties, making it a leader in the region. NAI/Merin Hunter Codman has more than doubled the amount of space it manages in the past 24 months, growth that the firm attributes to a strong track record of expertise at positioning/repositioning properties, enhancing their value and executing operating plans to achieve the owner's objectives.

"Palm Beach County continues to be on the radar screen of savvy investors throughout the country," said Jay M. Grossman, President of NAI/Merin Hunter Codman.  "Commercial real estate activity remains robust, and we're extremely pleased that investors continue to turn to our firm to maximize the value of their investments."

An affiliate of JP Morgan Asset Management chose NAI/Merin Hunter Codman to manage and lease Fountain Square, a 240,000 square foot Class "A" office complex in Boca Raton, after just closing on its purchase for $63.5 million.  The purchase of the three-building complex marks the 11th property purchased in Palm Beach County by JP Morgan affiliates in the last two years, with NAI/Merin Hunter Codman now providing leasing and management services for the properties.  The Fountain Square buildings are located on Military Trail between Yamato and Glades Roads.  The three four-story buildings, currently 86% occupied, has a number of financial tenants including Wachovia, Raymond James, Ryan Beck and Liberty Mutual Life Insurance.  NAI/Merin Hunter Codman will oversee a revitalization of the Fountain Square property, estimated in value at approximately $3 million, in addition to the management and leasing of the property.

"We are seeing a flurry of activity from firms that previously focused their South Florida activities on Miami-Dade and Broward Counties," added Grossman.  "Now, many eyes are also on Palm Beach County for future growth."  Grossman noted that NAI/Merin Hunter Codman has increased its staffing by nearly 70% in the last two years to accommodate the demand for services.

NAI/Merin Hunter Codman was also chosen to manage Village Shoppes, a 286,000 square foot K-Mart anchored shopping center in Royal Palm Beach and Grand Bank Center, a 46,000 square foot, Class "A" office building in Palm Beach Gardens.

Grand Bank Center, a three-story building built in 2002, is 100% leased.  Major tenants include Grand Bank & Trust of Florida, Fidelity Investments and Wachovia Wealth Management.  In addition to its high exposure, the building has distinct architecture, with its staggered roofline reminiscent of high-end residential, helping the building stand out from neighboring office buildings.  The top floor features a soaring atrium.  Financial Center at the Gardens, at 3801 PGA Boulevard, is directly to the west of Grand Bank Center.

Village Shoppes is located on Southern Boulevard at SR 441 in Royal Palm Beach, a key intersection in a burgeoning area of Palm Beach County.  The center, anchored by K-Mart and Beall's department store, will undergo a significant facelift that will include a new facade, new architectural elements such as towers and columns, and parking/landscaping upgrades.  The revitalization, to begin shortly, is expected to be complete by mid-2008.  In addition, it is expected that two outparcels on the property will soon be planned for build-out with announcements on those end users expected shortly.

GRAND OPENING FOR 145,000 SQUARE FOOT OFFICE BUILDING IN BOCA RATON, FLORIDA

NAI/Merin Hunter Codman to Locate South County Headquarters at 951 Yamato
Joined by Nationwide REIT and More New Tenants

West Palm Beach, FL - NAI/Merin Hunter Codman today announced the grand opening of 951 Yamato Road, a 145,000 square foot Class "A" office building in Boca Raton, Florida.  NAI/Merin Hunter Codman recently completed the final phases of the building's redevelopment.  In conjunction with the opening, NAI/Merin Hunter Codman has moved its own South Palm Beach County office to the new building, and the firm announced four new tenants that have also established corporate offices in the building: Ramco-Gershenson Properties Trust, a retail real estate investment trust (REIT); Johnson Structural Group, a structural engineering firm; RMCR Inc.; and Fly China.

"Yamato Road is now one of the most sought after business addresses in Palm Beach County," said Bob Schneiderman, a Principal at NAI/Merin Hunter Codman and head of the Boca Raton office.  "951 Yamato is in a pivotal location, offering easy north-south access and east-west access.

Schneiderman noted that accessibility is a key reason why his firm chose the location to establish their new south county headquarters, citing convenience for the firm's many corporate clients.  951 Yamato, which has its own traffic light on Yamato Road, is minutes from an executive airport, just one mile from I-95 and Florida's Turnpike and directly across from a Tri-Rail station.  NAI/Merin Hunter Codman oversaw development and construction services on 951 Yamato's final development phases and is also overseeing ongoing leasing and property management on behalf of the building's owner, 951 Yamato Acquisition Co., LLC.  The two-story building features a soaring atrium with lush interior landscaping, concierge service, ample parking, attractive lease rates and is situated near a wide array of retail and restaurant amenities.

NAI/Merin Hunter Codman has expanded its south county presence into 3,200 square feet at 951 Yamato.  Among the other new tenants, Michigan-based Ramco-Gershenson Properties Trust (Ramco) engages in the development, acquisition, management, and ownership of shopping centers in the Midwest, Mid-Atlantic and Southeast U.S.  The REIT has a portfolio of 84 shopping centers with 18.8 million gross leasable square feet.  Johnson Structural Group provides structural design services nationwide and is the engineer-of-record for more than 400 projects.  In addition to designing award-winning projects, the minority-owned business has consistently doubled its client base every year since their founding in 1998.

"Boca Raton is a central location for corporations desiring to locate in South Florida," added Neil E. Merin, Chairman of NAI/Merin Hunter Codman.  "The city is rapidly gaining prominence as a business hub, but there is limited quality office space available.  951 Yamato represents one of the newer Class "A" office buildings on the market in a location that cannot be beat."  

Jay M. Grossman, President NAII/Merin Hunter Codman, Inc., announced that Cristina Yeatts has joined the firm as a Senior Property Manager.  Ms. Yeatts has over 12 years of commercial property management experience and has managed over 4,000,000 square feet of space.  Most recently, Ms Yeatts was a senior property manager with Colliers Arnold in Tampa, Florida.

Ms. Yeatts is currently responsible for Golden Bear Plaza, a Class "A" office complex consisting of three office towers in Palm Beach Gardens, Florida.

EXECUTIVE OFFICE SUITE OPERATOR EXPANDS TO PALM BEACH COUNTY

NAI/Merin Hunter Codman Leases Palm Beach Gardens Building to Office Suites PLUS,
Marking Firm's 5th Location in Florida

West Palm Beach, FL - NAI/Merin Hunter Codman, the largest commercial real estate brokerage firm in Palm Beach County, Florida, today announced that it has leased the former Catalfumo headquarters building situated off PGA Boulevard and I-95 to Office Suites PLUS, an executive suites operator headquartered in Lexington, KY.  Office Suites PLUS is a leader in the office suite industry, providing high-quality outsourced office space and business support services.  The lease marks a strategic addition to the firm's portfolio, creating its fifth location in Florida and its first in Palm Beach County.  Office Suites PLUS will now have a presence in almost every major Florida market from Fort Lauderdale and Palm Beach Gardens to Orlando, Jacksonville and Tampa, adding to its growing portfolio in the Southeast and Midwest.  NAI/Merin Hunter Codman negotiated for the firm to occupy the entire 18,300 square foot building situated at 4400 Northcorp Parkway in Palm Beach Gardens.

"The northern Palm Beach County office market is an increasingly important business market in South Florida," said Jason Sundook, SIOR, a Principal at NAI/Merin Hunter Codman who handled the lease on behalf of the owner, Lexington Realty Trust.  "Space is at a premium, but now with a premier executive suite facility, there will be a more flexible and cost-efficient option for area businesses.

Office Suites PLUS, www.officesuitesplus.com, develops and operates office suites that serve as a one-stop source for corporations and executives seeking flexible solutions to traditional office space and/or home offices.  The firm seeks out strategic locations that are convenient, easily accessible and in key business markets.  Its turnkey suites provide professional business environments with state-of-the-art communications, technology and support services.  The firm taps into the growing market of businesses and professionals who prefer to rent rather than lease; those seeking virtual offices to complement home offices; executives who have on-time or occasional office needs, and; companies that need someone physically situated in a local market, among other end users.  Typical clients include attorneys, financial firms, mortgage brokers, technology companies, healthcare businesses, real estate companies, and more.

Added James Baughman, President of Office Suites PLUS, "As the world becomes an increasingly virtual one, the demand for flexible office space will continue to expand.  Office Suites PLUS will continue to expand to meet the growing need."  He added, "With Florida being one of the top states for new business formation, it is especially ripe for our services.  Having more of a foothold in South Florida is important to us."

In addition to Florida, Office Suites PLUS has locations in Indianapolis, Indiana; Lexington, Kentucky; Cary, Raleigh, and Charlotte, North Carolina; Cincinnati and Columbus, Ohio; and Nashville and Knoxville, Tennessee.  The firm's clients can access multiple Office Suites PLUS locations subject to advance notice and availability.  The office suites provide everything from furniture, phone/fax lines, Internet, receptionist, and conference rooms, to clerical services, mailroom, worldwide videoconferencing, spreadsheet preparation, graphic presentations, database entry, and travel arrangements among other services.  "Instant offices" can provide savings of up to 50 percent off the cost of traditional office space by reducing overhead costs through shared services and shared space such as meeting rooms, break room and lobby.

NAI/Merin Hunter Codman, Inc., www.mhcreal.com, is the largest commercial real estate brokerage firm in Palm Beach County, Florida with over two decades' experience advising on strategic acquisitions, dispositions, tenant representation, leasing and comprehensive property management.  The firm advises on all commercial property sectors from office and industrial to retail, multifamily and land.  NAI/Merin Hunter Codman has among its client base some of the nation's most prestigious institutional and private investors and through the NAI Global network, can facilitate property transactions around the nation and world, serving as a single point of contact for counsel and execution.  NAI/Merin Hunter Codman is headquartered in West Palm Beach with regional offices in Boca Raton, Palm Beach and Palm Beach Gardens.

SOUTH FLORIDA BUILDING SALE SETS NEW RECORDS FOR CLASS "A" SUBURBAN OFFICE SPACE
MARKETING LESS THAN TWO WEEKS

NAI/Merin Hunter Codman Arranges $21 Million "Fortress Investment" in Very Desirable Market

West Palm Beach, FL - NAI/Merin Hunter Codman, the largest commercial real estate brokerage firm in Palm Beach County, Florida, today announced that it has arranged the purchase of Grand Bank Center, a 46,300 square foot Class "A" office building in Palm Beach Gardens, Florida.  The $21 million sale, to a private investment group, sets a new record for suburban office space in South Florida.  At more than $450 per square foot, the sale breaks the previous record established last year by NAI/Merin Hunter Codman with the neighboring Financial Center at the Gardens, eclipsing that previous sale which was at $415 per square foot. PGA Boulevard, where both of the record breaking properties are located, remains one of the most sought after addresses in Palm Beach County, fueled by strong demographics and a continued push northward by South Florida's population.

"The buyer viewed this property as a 'fortress investment' in terms of the location of the asset and the quality of the tenants," said Neil E. Merin, SIOR, CCIM who represented the buyer in the transaction.  The property had been on the market for less than two weeks.  "Investors continue to hone in on Palm Beach County as a very desirable commercial real estate market.  Despite concerns of a ripple effect due to the residential slowdown, we're still seeing positive absorption and rising rental rates in quality buildings."

The seller of Grand Bank Center was a German investment group, GLL Properties.

Grand Bank Center has a very high profile location, situated at 3601 PGA Boulevard, directly in front of the entrance to Downtown at the Gardens, a highly successful new retail/entertainment center.  The Gardens Mall, one of South Florida's most trafficked and upscale malls, is also in the immediate vicinity.

"There are limited opportunities to buy assets of this quality in this market, and even fewer opportunities for such incredible exposure," added Merin.  NAI/Merin Hunter Codman has been retained to manage and handle leasing at the building on behalf of the new owner.

Grand Bank Center, a three-story building built in 2002, is 100% leased.  Major tenants include Grand Bank & Trust of Florida, Fidelity Investments and Wachovia Wealth Management.  In addition to its high exposure, the building has a distinct architecture with its staggered roofline reminiscent of high-end residential, helping the building stand out from neighboring office buildings.  The top floor features a soaring atrium.  Financial Center at the Gardens at 3801 PGA Boulevard is directly to the west of Grand Bank Center.

NAI/Merin Hunter Codman, Inc., www.mhcreal.com, is the largest commercial real estate brokerage firm in Palm Beach County, Florida with over two decades' experience advising on strategic acquisitions, dispositions, tenant representation, leasing and comprehensive property management.  The firm advises on all commercial property sectors from office and industrial to retail, multifamily and land.  NAI/Merin Hunter Codman has among its client base some of the nation's most prestigious institutional and private investors and through the NAI Global network, can facilitate property transactions around the nation and world, serving as a single point of contact for counsel and execution.  NAI/Merin Hunter Codman is headquartered in West Palm Beach with regional offices in Boca Raton, Palm Beach and Palm Beach Gardens.

WACKENHUT CORPORATION CHOOSES NAI/MERIN HUNTER CODMAN
FOR NATIONWIDE REAL ESTATE ACTIVITIES

West Palm Beach, FL - NAI/Merin Hunter Codman, the largest commercial real estate brokerage firm in Palm Beach County, Florida, today announced that The Wackenhut Corporation ("Wackenhut") has signed an agreement under which NAI/Merin Hunter Codman will provide corporate real estate advisory services for Wackenhut's commercial real estate activities on a nationwide basis.  Wackenhut, headquartered in Palm Beach Gardens, Florida, is the leading provider of security and security services in the U.S. with more than 35,000 employees and over 175 locations nationwide.  NAI/Merin Hunter Codman will oversee all of the company's real estate activities including identifying new facilities, expansions, lease renewals, subleases, lease administration and more.  In the last nine months alone, NAI/Merin Hunter Codman oversaw facility negotiations for Wackenhut offices in Jacksonville, Miami and Post St. Lucie, Florida, among others.  Now all such deals will be under one umbrella with NAI/Merin Hunter Codman securing the assignment after enjoying a 15-year relationship with the security firm in Florida.

"As The Wackenhut Corporation continues to grow, their real estate needs are becoming ever the more complex and extensive," said Bob Schneiderman, SIOR, Principal of NAI/Merin Hunter Codman and head of its Corporate Services Division.  Schneiderman will serve as the single point of contact on all of Wackenhut's transactions.  "By putting all of their activities under the roof of one service provider, we will be able to add considerable value to their portfolio and streamline the processes considerably."

With one provider, Wackenhut will be better able to coordinate real estate strategies, realize efficiencies, and improve its reporting nationwide.  Among other tools, Wackenhut will benefit from NAI's proprietary technology, REALTrac^TM Online which allows Wackenhut's team to access every piece of data regarding a transaction's progress or portfolio performance in real time from anywhere in the world.  The system tracks everything from financial analysis and floor plans to building reports, market analysis, site criteria, legal documents and more.  Added Schneiderman, "It's as though Wackenhut will have an enormous virtual file cabinet detailing every step of every lease transaction for current and future use."

Wackenhut's primary services include commercial security services, nuclear security, and energy consulting services, government services, and consulting and investigations.  Through those services, Wackenhut provides permanent guarding, armed security, disaster response, emergency medical services, airfield management, fire prevention and suppression, control room monitoring, special event security and much more.  The company's clients range from individuals and corporations to local, state and federal government agencies.  In addition, as a subsidiary of British-based Group 4 Securicor plc, the second largest security-related service provider in the world, the group is able to meet the needs of clients on a global basis.  Group 4 Securicor plc is listed on the London and Copenhagen Stock Exchanges with annual revenues in excess of US $7 billion and more than 470,000 employees in over 100 countries.

NAI/Merin Hunter Codman competed with several other firms for the consolidated advisory services position and is already working on deals for Wackenhut offices in North Carolina, Chicago and San Diego, among many others.

Added Robert Kilbride, V.P. & Division Counsel at The Wackenhut Corporation, "We chose NAI/Merin Hunter Codman to represent us nationally due to their extensive expertise, national network, and a strong working relationship we had established over the years."  NAI/Merin Hunter Codman is affiliated with NAI Global with offices nationwide and more than 350 offices worldwide.  Hilbride continued, "Our field offices will benefit greatly from the combined experience that the brokerage firm offers to all of our offices."

NAI/Merin Hunter Codman, Inc., www.mhcreal.com, is the largest commercial real estate brokerage firm in Palm Beach County, Florida with over two decades' experience advising on strategic acquisitions, dispositions, tenant representation, leasing and comprehensive property management.  The firm advises on all commercial property sectors from office and industrial to retail, multifamily and land.  NAI/Merin Hunter Codman has among its client base some of the nation's most prestigious institutional and private investors and through the NAI Global network, can facilitate property transactions around the nation and world, serving as a single point of contact for counsel and execution.  NAI/Merin Hunter Codman is headquartered in West Palm Beach with regional offices in Boca Raton, Palm Beach and Palm Beach Gardens.

NAI/MERIN HUNTER CODMAN TO OFFER FLORIDA FIRMS
ACCESS TO INDIA, CHINA REAL ESTATE MARKETS

Global Affiliates Boast Strong Presence in Rapidly Emerging Markets;
Bahamas & Costa Rica also Added to International Alliances

West Palm Beach, FL - NAI/Merin Hunter Codman, Palm Beach County's largest commercial brokerage firm, today announced that through NAI Global, the world's premier network of commercial real estate brokerage firms, NAI/Merin Hunter Codman can now offer real estate services in India and China, among other rapidly emerging real estate markets.  NAI/Merin Hunter Codman can offer these services, which include counseling on investments and valuation, corporate services, leasing, property management, tenant representation and more, through its affiliations with new NAI Global offices which have grown to number eight in India and seven in China.  Many companies, including those in Florida, increasingly find themselves outsourcing to India or producing in China and commercial real estate activities/investment are important considerations for success in those markets.  Florida companies can now not only access valuable real estate services in those foreign countries through NAI/Merin Hunter Codman, but also access key local strategic alliances.  Already, NAI/Merin Hunter Codman has helped facilitate their first deal in China for a major gaming company that runs the Florida Lottery, as well as a client's search for a call center in India.

"Many Florida firms are looking to China, India and other foreign locales for business opportunities, but unless you have the right local partners, the obstacles can be overwhelming," said Bob Schneiderman, SIOR, Head of Corporate Services and Principal at NAI/Merin Hunter Codman.  "We can now offer market participants an entree and the best local advise when it comes to commercial real estate.  Our affiliates are some of the best in their respective countries all with deep local roots in the community."

Schneiderman points to NAI Yuxing in China.  The new NAI affiliate is in Zhejiang, one of China's wealthiest provinces and the recent beneficiary of significant public investment in infrastructure.  The affiliate is the top-ranked real estate firm in that province, located on China's east coast.  In India, NAI/Merin Hunter Codman can turn to firms such as NAI Collaborators India, a New Delhi affiliate that has a long list of global companies with which it has assisted property strategy and acquisitions/dispositions such as Hyundai.

The announcement of the new international offices comes on the heels of like arrangements in several other new countries added to the NAI Global network.  There are also new NAI Global offices in the Bahamas and Costa Rica that open up opportunities to NAI/Merin Hunter Codman, with both countries seeing a plethora of commercial real estate activity.

In the Bahamas, Schneiderman notes new affiliate NAI Lowes Realty, among the top three commercial real estate firms in the Bahamas with in-depth knowledge of its 700-plus islands and particular strength in the hospitality sector.  Like NAI/Merin Hunter Codman, that firms boasts JP Morgan among its prestigious clients.  In Costa Rica, Bienes Raices Brisa, the country's dominant commercial brokerage firm was also added to the NAI Global network and counts Western Union and HSBC Bank as clients.

Added Schneiderman, "The South Florida business community has expanded far beyond consisting of primarily regional companies.  We now have many national and international companies, in addition to regional companies, that are eyeing emerging markets for opportunities.  Those companies can now access the best market knowledge and foreign contacts without leaving Florida."

The announcement of new foreign affiliates follows on the heels of the release of NAI Global's 21st Annual Global Market Report, which outlines the strengths and weaknesses of key real estate markets worldwide and which is available through NAI/Merin Hunter Codman.

NAI Global is the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide.  NAI Global manages a network of 350 offices in 45 countries throughout the world including 21 in South America.  In 2006, NAI offices around the world completed more than 36,000 transactions worth over $40 billion.

NAI/Merin Hunter Codman is the largest commercial real estate brokerage firm in Palm Beach County, Florida with over two decades' experience on strategic acquisitions, dispositions, tenant representation, leasing and comprehensive property management.  The firm advises on all commercial property sectors from office and industrial, to retail, multifamily and land.  NAI/Merin Hunter Codman has among its clients base some of the nation's most prestigious institutional and private investors.  The company is headquartered in West Palm Beach with regional offices in Boca Raton, Palm Beach and Palm Beach Gardens.

BROCKNEY JOINS NAI/MERIN HUNTER CODMAN, INC.

Jay M. Grossman, President NAI/Merin Hunter Codman, Inc., announced that Richard W. Brockney has joined the firm as a Senior Commercial Associate concentrating on office product in Palm Beach County.  Mr. Brockney previously worked for Penn-Florida Realty Corporation as a Senior Associate.  Prior to that, Brockney worked in the commercial lending department at First Southern Bank in Boca Raton.

Mr. Brockney will be responsible for the leasing of the newly renovated Class "A" Boca Raton office building, 951 Yamato, as well as the 3-building office complex Fountain Square, also located in Boca Raton.