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Press Releases

Search and Bid for Condos in Live Auctions on Condo.com

The world’s largest condo marketplace, Condo.com, has announced partnerships with two online real estate auction sites, BidontheCity.com and RealtyBid.com. Now, in addition to Condo.com’s extensive inventory of over 800,000 property listings, the Company will showcase thousands of auction properties located around the country for online bidding. The new live auction inventory will be featured alongside other ballroom auctions marketed on the site, all accessed and searchable within the Auctions section found on the Condo.com homepage and located at www.condo.com/auctions.

BidOnTheCity.com, began as Manhattan’s first real-time real estate auction site. They are known as the eBay for apartment and building sales offering low prices, flexible contract terms, and 30-day live bidding events. To view the company’s great deals on New York properties, visit www.newyork.condo.com/Auctions. Condo.com’s other new partner, RealtyBid.com, has sold and is currently marketing thousands of properties online for some of the nation’s largest real estate brokerage firms, financial institutions and corporations.

Online real estate auctions have proven to be a powerful sales channel for sellers to liquidate properties quickly, particularly in a depressed market landscape. The National Auctioneers Association reported an estimated $58.6 billion in real estate sales sold at live auction for 2008, with an increase in 2009. The rise in foreclosures is said to be one of the main contributing factors to rising auction sales. Further research indicates that online residential real estate auctions have increased 46.6 percent since 2003.

Condo.com and its auction partners have likewise experienced significant growth in recent years as online real companies and portals continue to flourish. Agents and buyers are adopting the use of new online tools available on real estate sites, fueling this growth. These recent partnerships for Condo.com are on par with industry trends in real estate where auctions are being embraced by a cost-conscious and tech savvy consumer. CEO of Condo.com, states: “Real estate auctions have been attractive for a while as they offer a degree of certainty to both the buyer and seller to a transaction, which is especially valuable in today’s market. The new collaboration with our partners further supports our goal of becoming the definitive marketplace for condos with the largest inventory in the world of for sale, for rent and vacation condos. Auctions are a subset of for sale inventory and a sales channel that will be around for many years to come.

About Condo.com

Condo.com (http://www.condo.com) is the world's largest condominium marketplace with over 800,000 listings valued in excess of $200 billion. The site receives over 1 million visitors monthly and is dedicated to the evolution and prosperity of the condominium real estate market. Condo.com improves and simplifies the way people buy, rent, sell, manage, market and enjoy the condo lifestyle. Condo.com lists condominiums for sale and for rent in the United States and 70+ countries around the world. The Company cost-effectively delivers exposure and qualified leads to developers, brokers and owners through the seamless distribution of its listings to a global network of real estate websites visited by over 15 million viewers per month. Condo.com is privately held and headquartered in Miami, Florida. For more information visit http://www.condo.com.

Leading Online Real Estate Portal Expands Executive Team and Internet Sales Strategy

Miami, FL (October 28, 2009) - Condo.com, the world’s largest condo marketplace, proudly announces the hiring of Jason Mizrachi as Vice President of Business Development. Mr. Mizrachi will direct the company’s internet lead generation business with leads being generated for real estate and several related verticals.

Condo.com currently operates an affiliate program with partners in over 25 countries. The company is able to leverage the power of its strong domain to affiliates as both an advertiser and a publisher. New business development in the form of lead generation will focus on Condo.com’s initiatives as a publisher. Mr. Mizrachi states: “With Condo.com’s position in the real estate vertical, my plan is to aggressively expand to related sub-categories including mortgage, moving, insurance and home services and to seek partners that want the highest quality and significant amounts of leads. With our growing traffic and lead generation platform, we will ensure a strong, consistent position in the space.”

Online lead generation is considered one of the fastest growing segments of online advertising with an estimated $1.6 billion ad spend last year according to eMarketer.com’s November 2008 report. Condo.com’s strategy is proving to be consistent with such trends in marketing spend. Mr. Mizrachi’s hiring is one step toward their lead generation strategy as he will lead Condo.com’s efforts as a publisher in the Real Estate category along with the other sub-categories. Under his leadership, the company will focus on creating relationships with affiliate networks, agencies, and directly with advertiser clients that are dominant in the space.

Jason Mizrachi brings 12-years of extensive internet and lead generation experience to Condo.com, as well as 15 years in the sales arena. Prior to joining Condo.com, Jason was the Director of Sales for Internet Advertising Group, Inc. where he oversaw several million dollar sales divisions. He has also held management positions at AT&T Advertising, JCDecaux North America, and Citysearch.com where he led successful marketing and sales initiatives. Mr. Mizrachi obtained a BSC in Communications from the University of Miami.

About Condo.com

Condo.com Hires Leading Broker as Regional Manager for Washington DC, Maryland and Virginia

Condo.com, one of the fastest growing brokerages in the United States, announced today the hiring of Karen Parker as the regional manager for their Washington, DC, Maryland and Virginia markets. Karen Parker has more than a decade of sales experience in the Washington, D.C. real estate market and she will be focusing on luxury condominium sales in addition to building a distinguished sales team of agents in the region. Featured as a consultant on HGTV’s “Design to Sell” and News Channel 8 “Get It Sold,” she is a well-qualified and knowledgeable agent. For the past five years, Karen has been recognized as a Top Producer by the Northern Virginia Association of Realtors and Keller Williams Realty.

“The Brokerage Division of Condo.com welcomes Karen Parker and her distinguished sales team with open arms" said John Menezes, Director of Brokerage Operations for Condo.com. "Karen’s exemplary commitment to the highest levels of customer service and satisfaction are a natural extension of the Condo.com brokerage experience.”

Karen specializes in residential real estate in the Washington DC metropolitan area including Arlington, Alexandria, Bethesda, Georgetown and surrounding areas as well as northern Virginia, serving Arlington, Fairfax, Loudoun and Prince William counties, and the cities of Alexandria, Fairfax and Falls Church. Her main areas of expertise are working with first-time home buyers as a buyers’ agent and working with relocation clients not familiar with the area. Her team specializes in first time buyers, relocation clients and individuals looking for the maintenance-free lifestyle that condominium living offers. Focusing on the unique, individual needs of her clients, Karen and her team are willing to go above and beyond to meet their expectations.

"Condominium living is the lifestyle choice for many in the Washington DC area. First time buyers and empty nesters will first consider condominiums for affordability and an urban living experience" said Karen Parker. "Metro accessibility and a close-in location to shops and restaurants are two of the most valued home search requirements for Washingtonians. We are excited to be part of the Condo.com team."

In addition to being a top producing agent Karen also holds several real estate certifications. She is a licensed sales agent in Virginia, Maryland and the District of Columbia, and is a licensed appraiser in Virginia. She is also a graduate of the Real Estate Institue, a certified residential and new homes specialist and an accredited buyer representative. Karen earned her bachelor’s degree in economics and geography from Mary Washington College and her master’s degree in information systems management from American University. She is a longtime Washingtonian and enjoys traveling and the outdoors with her two Labrador Retrievers.

Condo.com utilizes the latest technology that today's market has to offer, and serves the millions of highly motivated consumers that visit our website on a monthly basis. For more information, please contact, John Menezes, Director of Brokerage Operations at j.menezes@condo.com or by calling 305.476.2060.

About Condo.com
Condo.com is the world's largest condominium marketplace with over 800,000 listings valued in excess of $250 billion. The site is a consumer-facing, online real estate portal which receives over 1 million visitors monthly and is dedicated to the evolution and prosperity of the condominium real estate market. Condo.com improves and simplifies the way people buy, sell, rent, live and vacation in condos. Condo.com lists condos for sale and for rent in the United States and 70+ countries around the world. The Company cost-effectively delivers exposure and qualified leads to developers, brokers and owners through the seamless distribution of its listings to a global network of real estate websites visited by over 15 million viewers per month. The company is also a licensed real estate brokerage business in multiple markets and has a growing nationwide network of licensed real estate agents providing brokerage services. Condo.com is privately held and headquartered in Miami, Florida.

Leading Online Real Estate Portal Adds New Talent to Marketing Team

Miami, FL. (October 9, 2009) Condo.com - has announced the recent hiring of Virginia Mendez, newly appointed Marketing Manager. Ms. Mendez will play a crucial role in supporting and building the company’s global brand with its aggressive marketing programs. Virginia will lead online and offline marketing initiatives to include affiliate marketing, lead generation, and Web 2.0 strategies among others.

Condo.com, the world’s largest condominium marketplace, was recently named a top US real-estate portal by Global Edge and is continuing to grow as the dominant player in its niche market. The company has demonstrated a clear understanding of how to cost-effectively reach an online audience and adapt to the dynamic environment of marketing. With a robust platform of tools and resources, the company effectively caters to its market and continues to embark on new marketing and PR initiatives consistent with its growth strategy. CEO Richard Swerdlow comments on the new hire, stating “We look forward to having Virginia take Condo.com to the next level as much of our past and continued success is highly dependent upon having strategic marketing programs in place.”

Virginia brings her marketing experience and strong educational background to the position. Prior to joining Condo.com, Virginia was a Marketing and PR Specialist with CRE8 Group, a Tampa-based Marketing and PR firm, focused on the telecom industry. She obtained a BS/BA in Marketing from Florida State University and has recently earned an MBA from Florida International University, known for its top ranking in International Business.

Contact:
Wendy Crocquet
954-294-6467
wendy@athena-marketing.com

Leading Real Estate Company Hires Top Producing Brokers to Manage Prime South Florida Locations

Condo.com, one of the fastest growing brokerages in the United States, announced today that they have hired two new expert brokers to manage luxury condo sales in Miami and Miami Beach. The two new additions are Asher and Goldie Ouazanan who will be focusing on oceanfront property sales in South Florida. These new agents will also be responsible for adding additional expert agents in the region to service buyers and renters looking for condos.

"Team Ouazanan has an outstanding reputation in South Florida for exceptional service to their clients and we are proud to have them as part of the Condo.com brokerage team" said John Menezes, Director of Brokerage Operations for Condo.com. "We are confident that Asher and Goldie will continue their impeccable service records and help their clients find the condos of their dreams at the best possible prices."

Born in Los Angeles, CA, Asher Ouazanan was raised between Paris and New York. Along the way, he took an innate interest in real estate and studied urban real estate development at Baruch University in New York City. His dedication to the field was exemplified in his position as a property manager for over 500 units in the city and luxury Manhattan skyline. With aspirations of making his mark on the sunshine state, Asher made the move to South Florida, where he became leasing director for Majestic Properties. The value of being licensed in New York and Florida was proven priceless. Next, he joined the renowned Fortune International Development team as leasing director of sales for luxury projects such as Artech, Jade Ocean & Jade Beach.

Goldie Ouazanan is a superstar agent as well. With over 10 years of experience in luxury real estate sales and an excellent knowledge of oceanfront property from the tip of Miami Beach to Aventura. In addition, Goldie has lent her expertise as an agent to many high profile clients and has worked with many celebrities including Jeremy Piven, Steven Baldwin, Woody Harison and Burt Reynolds.

Condo.com utilizes the latest technology that today's market has to offer, and serves the millions of highly motivated consumers that visit our website on a monthly basis. For more information, please contact, John Menezes at j.menezes@condo.com or by calling 305.476.2060.

About Condo.com
Condo.com is the world's largest condominium marketplace with over 800,000 listings valued in excess of $200 billion. The site receives over 1 million visitors monthly and is dedicated to the evolution and prosperity of the condominium real estate market. Condo.com improves and simplifies the way people buy, rent, sell, manage, market and enjoy the condo lifestyle. Condo.com lists condominiums for sale and for rent in the United States and 70+ countries around the world. The Company cost-effectively delivers exposure and qualified leads to developers, brokers and owners through the seamless distribution of its listings to a global network of real estate websites visited by over 15 million viewers per month. Condo.com is privately held and headquartered in Miami, Florida. For more information visit www.condo.com.

Nationwide Brokerage Hires Leading Associate Broker to Run Central Florida Region

Paul Ditmar has been named Central Florida Regional Manager for Condo.com's Luxury Sales Division. He leads a newly created Central Florida Sales Team that covers two regions, Orlando and Melbourne, FL., where he will spearhead the company's residential new home sales, re-sales and rentals. Paul will be responsible for streamlining a team of experienced and skilled Realtors that will deliver exceptional real estate services in two major market segments.

"Condo.com is quickly becoming the premier brokerage dedicated to the purchasing, leasing and selling of condominiums worldwide and we are happy to add Paul to our team" says John Menezes, Director of Brokerage Operations for Condo.com. "Paul has a superb reputation for helping his clients find and purchase the condo of their dreams in the Orlando area and his addition will give Condo.com users access to his years of expertise in finding the best deals."

Prior to joining Condo.com, Paul enjoyed a fast track career while expanding his Real Estate Business in Central Florida after spending 23 years in the Medical Diagnostic Industry in Senior Level Management positions. Paul graduated from Boston College with a BS/BA in Marketing and Business.

Condo.com utilizes the latest technology that today's market has to offer, and serves the millions of highly motivated consumers that visit our website on a monthly basis. For more information, please contact, John Menezes at j.menezes@condo.com or by calling 305.476.2060.

National Company Hires Leading Associate Broker to Run Prime Treasure Coast & Palm Beach Regions

Miami, FL (PRWEB) August 17,2009 -- Condo.com, a national leader in the on-line real estate world, is proud to announce the recent addition of well-known local Realtor® Sonny Solomon as their new Managing Broker for the Treasure Coast and Palm Beach County, joining a rapidly growing team of Realtors® throughout the country. Sonny is responsible for all sales efforts in this prime Florida area and will build a strong sales team that will focus on excellence in customer service and satisfaction. Sonny will also be managing the Luxury Sales Division for the area and will be lending his years of expertise and his impeccable service record to clients looking to purchase luxury properties throughout the Treasure Coast and Palm Beach County.

"Our vision for Condo.com is to be a global company and brand. From our internet start-up beginnings just a few years ago, we are now the largest condominium marketplace in the world," stated Richard Swerdlow, CEO of Condo.com. "Condo.com is quickly becoming synonymous with real estate success worldwide for consumers, agents, brokers and developers alike. To ensure we accomplish this strategically, we needed someone like Sonny, with his tremendous breadth of experience, to take this region to a new level. We are fortunate to have him join our team and look forward to his contributions." Sonny couldn't be more excited about his new association. "Condo.com has built an impressive team with tremendous energy and the sort of talent that any Fortune 500 Company would be thrilled to have. Beyond the people and pace however, it's the opportunity and innovation that's taking shape in the online real estate industry that has me most excited to join the Condo.com team and inspired to execute our vision for the Condo.com brand."

Sonny Solomon has spent more than 30 years in the corporate world, traveling the globe and working alongside everyone from Fortune 500 leaders to factory workers. Eventually, Sonny decided to focus his experience, passion and years of business knowledge on becoming a real estate broker. "I didn't go into real estate just to sell houses or condos, though. Anyone can do that," Sonny says. "The fact is, I love working with people and I get a lot of satisfaction from helping someone get into the right home for them, in the right place for them. If I don't think you're happy, if I don't think you're ready to buy, of if I don't think the home is good for you, I'll be upfront and talk about it with you. And I'm proud to say that many of my former clients have become personal friends, simply by showing them the respect they deserve."

Sonny offers his clients a seamless turnkey service: From researching, to negotiating pricing, to arranging financing and managing the closing - it's all about protecting their interests.

"I've heard many people say "buying a house or condo is such a stressful experience. But trust me, buying a house is fun. It really just depends who you have as your agent and I have a lot of clients who can attest to that." That respect for his clients has not only earned Sonny "Top Producer" awards, but it's also made him a mentor to his co-workers and is something he plans to instill in his new team. Whether you're thinking of a starter home, investment opportunities, or an oceanfront estate, let Sonny make your home buying experience something you never thought possible - easy, stress-free and, most importantly fun.

Condo.com named a top US Real Estate Portal

World’s Largest Condo Marketplace Continues to Grow in Dominance

Miami, FL. (July 16, 2009) Condo.com, the world’s largest condo marketplace, was ranked #8 out of dozens of real estate portals in the United States by Global edge, a UK based award-winning trade portal designed to help real estate agents and property developers do business overseas. They were ranked #48 globally and were the #1 site dedicated exclusively to condominium marketing and sales.

“The top portals are either outright market leaders or the main challengers in large established markets, most notably in the US,” said Ashley Rigg, founder of Global edge. “Market leaders “own” their categories and are referenced naturally on the web which explains their dominance. I’d be willing to bet that in five years time, there will be very few new entrants into the top portals in established markets. Dislodging market leaders is extremely difficult. It’s often more efficient to set fire to a large pile of cash,” Rigg added about the ranking results.

Condo.com has established itself as a dominant force in the online marketing of condominiums worldwide. This is evidenced by the growth it has experienced since its launch in 2005. Condo.com has over 800,000 listings worldwide valued in excess of $200 billion. The site receives over 1 million visitors monthly and is dedicated to the evolution and prosperity of the condominium real estate market. While most companies are reporting huge declines in sales revenue, Condo.com has grown year-over-year revenues by over 50%. While these stats are impressive, the team at Condo.com is most proud of is the resource they have become to the real estate community; substantiated by 20,000+ qualified leads they generate for developers, agents, sellers and auctioneers each month.

Condo.com fills an important niche in the condominium and broader real estate community. Over eighty-five percent of consumers start their real estate search online because they want instant access to information. Condo.com provides property details, market analysis, photos, rich multi-media, community information, resident reviews and more – all of which has been vital to this industry.

The global over-supply of condos has become one of the symbols of the real estate bust and Condo.com serves an increasingly important role in providing liquidity to the market. Condo.com is the future of condo marketing and the future is here.

Contact:
Wendy Crocquet
954-294-6467
wendy@athena-marketing.com

Richard Swerdlow to Speak at NAREE's 43rd Annual

Real Estate Journalism Conference

Miami, FL, May 21, 2009 – - Richard Swerdlow, CEO of Condo.com - the world's largest condominium marketplace, will speak at the National Association of Real Estate Editors 43rd Annual Real Estate Journalism Conference June 18- 21 in Washington, D.C. The theme for this year's Conference is "Dateline: Washington - - Real Estate After the Election" is the theme.

Mr. Swerdlow will be part of the much anticipated panel discussion on: "Investing in Foreclosures: Pitfalls, Profits & Scams".

"Foreclosures have hit the condo market hard. We look forward to Richard Swerdlow's insights on what's next and how government programs could stem the tide," said NAREE Executive Director Mary Doyle-Kimball.

The panel "Investing in Foreclosures: Pitfalls, Profits & Scams" will be held on Saturday, January 20th at 8:00 am at the Hilton Washington Embassy Row.

Other notable speakers at NAREE 2009 include Congressman Barney Frank and HUD Secretary Shaun Donovan. To attend the panel discussion featuring Richard Swerdlow, CEO of Condo.com or for more information on attending the NAREE Spring conference visit www.naree.org.

Contact:
Wendy Crocquet
Athena Marketing, Inc.
954-294-6467
wendy@athena-marketing.com

Condo.com to Host First Online Auction

Condo.com and Strategic Partners will Leverage the Power of the Internet and Host an Online Closeout Auction for 40 Atlanta Condos

Atlanta, GA, May 5, 2009 – Condo.com, the world’s largest condominium marketplace, announced today that it has partnered with Elad National Properties, Cornerstone Marketing and Auction Management Solutions to auction 40 condominium units at The Enclave at Briarcliff in Atlanta Georgia. The auction will be held on May 16th, 2009 and live bids can be placed online or in person with reserves marked 30 percent below the previous asking price.

“We are very excited to be able to offer this amazing opportunity to buyers from around the world” said Richard Swerdlow, CEO of Condo.com. “We are committed to making the best deals available to everyone who visits Condo.com. Allowing users to bid on these condo units from the comfort of their home, in real-time online, insures that buyers located anywhere with an Internet connection can take advantage of this event.”

The condos are located in the Emory / Briarcliff area of Atlanta and are ready for immediate occupancy. All units feature luxury amenities including a state-of-the-art fitness center, tennis courts, a private movie theatre, a resort style swimming pool and gated access. The Enclave at Briarcliff is an FHA approved building and FHA financing is available with only a 3.5 percent down payment.

This 270 unit project is one of Atlanta’s premier addresses and this event will allow 40 buyers the opportunity to own the last remaining units at a great deal. “As a long time partner with Condo.com, I am sure that this upcoming cooperation will be beneficial to both companies” said Rami Rosen, Vice President of Marketing and Sales at Elad National Properties. “I am confident that the long term relationship between us and the new auction partnership will be a stepping stone for the auction market. This is Elad's 2nd auction and we are hoping to duplicate the success we had in Rockville MD.”

Interested buyers can easily register to participate in the auction bidding at Condo.com/auctions and get approved for bidding prior to May 13th. The auction will be streamed live online and bids can be submitted in real time from the bidder’s home computer. “We are excited to be working with Condo.com, the pioneer and developer of the World's Largest Condo Marketplace” said Nancy Rabenold, President and CEO of Auction Management Solutions, Inc. “By combining Condo.com's world-class online marketplace with AMS' robust and reliable auction system, buyers and sellers of condos, lofts, and town houses will be afforded a transactional platform that is rich with valuable information and reliability.”

The event is one of the first condo auction events to allow interested bidders to actively compete for properties online and in person. Traditionally bidders have to be present or have an agent at the event in order to place a bid on an auction property.

For more information on the Enclave at Briarcliff condo auction please visit www.condo.com/auctions

Contact:
Adam Kujacznski
Condo.com
305.476.2075
adam@condo.com

See what Condos are selling and renting for in your neighborhood!

Condo.com arms the market with sales and rental data for over 3500 buildings.

Miami, FL, March 24, 2009 – Condo.com,the world’s largest condominium marketplace, recently enhanced its market data for key areas in Florida including South Florida (tri-county), Orlando and Tampa to show historical sales and rental data on over 3500 buildings. Now users can easily view data on past sales and rentals in condo buildings while browsing units for sale.

"The vision for Condo.com was to create transparency in the condo marketplace and to provide innovative marketing solutions to the industry. This sales and rental data provides potential buyers and renters with timely information about recent transactions so they can make informed decisions. We are finding that by making this information easily accessible, more deals are getting done," said Richard Swerdlow, CEO of Condo.com.

“I wanted to take advantage of a “buyer’s condo market” in South Florida but wasn’t sure I was ready to make a move. A colleague of mine referred me to Condo.com to gather information and I was amazed how much data was available on the site. I had always wanted to live in a condo in Miami and through Condo.com I was able to search by building and see what condos had been selling and renting for. Because of all the information I could access, I was confident about making an offer. I am now living in a beautiful condo on Miami’s Biscayne Corridor,” said Max Dalziel, Condo.com user.

Condo.com also recently entered into a partnership with www.condoreports.com to provide users with access to more detailed information on the South Florida market. “We believe information is power and we want to arm our users with the most complete data that enables them to make decisions. Our goal is to move the market and we believe consumers are the solution if they have the right information. Our new sales and rental data coupled with our relationship with www.condoreports.com fully support this goal” said Matthew Pluznick, VP of Strategic Marketing for Condo.com.

Condo.com plans to continue adding additional markets that include sales and rental data in the near future. For more information on Condo.com visit www.condo.com.

Contact:
Wendy Crocquet
Athena Marketing, Inc.
954-294-6467
wendy@athena-marketing.com

Condo.com to Feature Tropical Paradise Living in the Dominican Republic

Beautiful Beaches and Stunning Vistas Just Steps from Your Doorstep at Balcones Del Atlantico

Miami, FL. February 18, 2009 Condo.com is proud to offer their visitors a new tropical destination in the Caribbean, Balcones Del Atlantico. Situated, just steps from the cool turquoise waters of the Atlantic, on 700 linear meters of private beach, Balcones Del Atlantico will house 400 units ranging from studios to five bedroom residences. Amenities include two intertwined pools, tennis and volleyball courts, a commercial plaza, and even a heliport. For those looking for comfort and style in an island paradise, Balcones Del Atlantico is for you.

About Balcones Del Atlantico
Bisono Group, a premier building company in the Dominican Republic, with more than 50 years of experience, is well underway with the construction of Balcones Del Atlantico. A dreamlike beachfront community, it is located in Las Terrenas on the Peninsula of Samana.

Balcones Del Altantico will showcase a superior collection of more than 400 exquisites units along the coastline of some of the Dominican Republic’s most stunning beaches. The project will be built in 5 different phases during estimated timeline of 5 years.

The first stage which is currently under construction and projected to end by April 2009 will include from two bedrooms 176-square meter apartments up to 3 bedrooms penthouses of approximately 369 square meters. The second phase will introduce studios, villas, and townhouses.

This complex has the most highly finished product any client could demand. It will have all the amenities and services necessary to cover any of the needs of its visitors and owners.

Contact:
Michael V. Hefty
Condo.com
305.231.5000
m.hefty@condo.com

CMK Companies Presents Two New Amazing Chicago Properties on Condo.com

These Stunning High-rise Residences Grace the Chicago Skyline and the Listings of Condo.com

Miami, FL. February 18, 2009 Condo.com announces the addition of the latest in upscale Chicago living, 235 Van Buren and 1720 S Michigan, to their vast online selection of properties. Presented by CMK Companies, these properties offer residents the latest in modern technology, the highest quality European design and two convenient addresses to choose from.

Among its many amenities, 235 Van Buren offers panoramic views in all directions through floor to ceiling windows and is conveniently located at the threshold of Chicago’s financial district. 1720 S. Michigan hosts a retail arcade, pet friendly dog run with common-access garden area, and expansive terraces with glass railings for enjoying the view of nearby Lake Michigan.

“When it comes to beautiful properties, we at Condo.com are proud to offer the best,” said Richard Swerdlow, CEO of Condo.com “Both of these properties are evidence of this in their design, location and execution. We are excited to offer this property to our global customer base.” He added.

About CMK Companies
Founded in 1995, CMK Companies is a leading Chicago real estate firm that has helped re-define the concept of urban living with its award-winning contemporary buildings. The company is currently responsible for over $1 billion in real estate development. Hailed by Chicago magazine as "a company that has made a habit of developing forward-looking, contemporary-styled condominium buildings," CMK Companies has won awards for its innovative residential developments from the American Institute of Architects and others. "Not since the glory days of Modernism have high design and high-rise housing so often co-existed," said Residential Architect magazine of CMK. CMK Companies pursues a ceaseless quest for quality, value, and intelligent design for contemporary living with each development project, partnering with the industry’s formative architects and employing leading-edge materials and technologies.

Contact:
Michael V. Hefty
Condo.com
305.231.5000
m.hefty@condo.com

Leading Real Estate Forces Team Up To Move Condo Inventory Surplus

Going, Going… Gone!

Miami, FL. (February 5, 2009) – Condo.com, the world’s largest condominium marketplace, announced an industry changing partnership with AmeriBid, a leading auction provider with over 60 years of collective auction experience. AmeriBid and Condo.com have partnered to create online auctions for financial institutions, government agencies, REITs, hedge funds, bankruptcy courts and/or Trustees. This partnership combines two major leading forces in the real estate industry: Condo.com, the dominant global real estate portal for condominiums and AmeriBid, a team of leading real estate auctioneers and nationally known real estate executives, including former RTC leader Stanley Tate and established real estate auction veterans Larry Latham and Louis Fisher.

“This partnership is extremely exciting for us as auctions have always been part of our vision since inception in 2005. The timing was not right until now. The market is ready and this partnership creates a huge opportunity to help unclog the vast amounts of inventory that exists in the condo real estate marketplace. Our online marketing expertise and massive consumer web traffic, combined with AmeriBid’s auction expertise and real estate portfolios from leading institutions, creates a powerful formula for online auction success,” stated Richard Swerdlow, CEO of Condo.com

With banks and developers finally recognizing the need to unload inventory at significant discounts, historically low interest rates and a substantial number of buyers on the sidelines, online auctions are the perfect vehicle to attract qualified bidders from around the world. Traditional auctions (i.e. ballroom auctions) have long been used as an effective tool to unload REO properties but don’t offer the efficiency or global reach needed for today’s unprecedented issues. Online auctions combine technology and proven sales methods to transform the way real estate deals are transacted.

“Condo.com has been leading the technology evolution in the online real estate industry since 2005. As a result they have become experts in marketing real estate online as well as an effective lead generator for real estate professionals and a diverse list of sellers. Condo.com has become the consumer face of the condo market which makes them the perfect partner for us to launch online auctions,” stated Stanley Tate, Chairman of the Board for AmeriBid.

“The real estate market has been constipated for the past 36 months and our partnership provides the opportunity to get things moving again. An online auction is the business model needed to overcome the key barriers keeping the industry clogged: They allow vast amounts of properties to be marketed to unlimited buyers and quickly set what prices the market will support,” added Louis B. Fisher, III, President of AmeriBid.

“It’s really simple: There is too much inventory on the market which is a leading indicator of the unhealthy state of the real estate market. What’s going to change that? We’ve got to clear out this inventory. How is that going to happen? Prices need to be reset to what the market will bear. How does that occur? By using online auctions to set the prices and sell off huge amounts of inventory to the widest audience possible. Online auctions have the potential to be the closest thing to a miracle the real estate industry will experience in 2009,” Larry Latham, CEO of AmeriBid remarked.

Condo.com and AmeriBid will begin marketing properties via auctions on the Condo.com website at the end of the first quarter 2009.

About AmeriBid
AmeriBid provides multiple solutions and proven exit strategies to institutional owners of financial and real estate portfolios using our proprietary global platform while creating maximum returns on investment.

AmeriBid services the accelerated asset disposition needs of financial institutions, government agencies, REITs, hedge funds and bankruptcy courts. Through its network of professionals, strategic partners and business contacts, AmeriBid provides a depth and breadth of talent unmatched in the accelerated marketing arena.

AmeriBid has representation throughout the United States in Las Vegas, Atlanta, Boston, Phoenix, Los Angeles and Miami. Their professionals contribute strong operational and technical abilities with extensive experience with financial institutions and real estate businesses. The group has worked for HUD, Fannie Mae, FDIC, United States Marshal’s Service, SBA, FCC, Freddie Mac, RTC, GSA and hundreds of lenders/federal bankruptcy courts. The management team's combined talents and contacts provide valuable support to a wide range of clients.

Contact:
Wendy Crocquet
Athena Marketing, Inc.
954-294-6467
wendy@athena-marketing.com

Condo.com Forms Partnership with PropertyIndex.com Expand Global Scope

Condo.com adds 50,000 new international properties to its inventory while offering buyers greater choice.

Miami, FL. February 04, 2009 Condo.com, the world’s largest condo marketplace, announced it’s partnership with the UK’s fastest growing property website, PropertyIndex.com. This partnership provides Condo.com user’s access to an additional 50,000+ international properties located across 70 countries.

“In our mission to present every available condo listing, for sale or for rent, in the world, we sometimes find like-minded companies to share our vision” stated Richard Swerdlow, CEO of Condo.com. “PropertyIndex.com is just such a company, and we are excited to have them as our newest international partner.” Swerdlow added.

“Condo.com is a powerhouse in the online marketing of residential real estate and we are excited to display our inventory to their vast network of visitors and affiliates each month,” commented Lee Bramzell, Chief Executive of PropertyIndex.com.

About PropertyIndex.com
PropertyIndex.com is the UK's fastest growing property website with thousands of UK estate agency branches signing up to advertise on a cost per lead basis every day, as well as numerous agents and developers marketing overseas property for sale and rent from across the globe.

The UK residential sales and lettings search was unveiled on PropertyIndex.com in September 2008 following the site’s overwhelming success in the overseas market since the portal launched in September 207. The website now features a rapidly increasing choice of properties for sale and rent from UK estate agents right across the country, as well as thousands of overseas properties for sale and rent across more than 4,000 destinations worldwide.

Contact:
Michael V. Hefty
Condo.com
305.231.5000
m.hefty@condo.com

Condo.Com Showcases A Unique Floating Condo Development

Miami, FL. January 27, 2009 Condo.com announces the addition of River Cities Condos to their vast online real estate inventory. River Cities Condos’ initial offering, the Marquette, is a 600 foot long, 108 foot wide vessel consisting of four river barges connected to form a platform, which will house 185-200 condo units. The Marquette will travel a total of 6,600 miles along the Mississippi, connecting rivers and inter-coastal waterways, annually, while providing residents the journey of a lifetime.

“In our quest to present every condo available in the world, from time to time we attract some extremely unique and innovative properties and property concepts. The Marquette is just such a development,” said Richard Swerdlow, CEO of Condo.com. “We are pleased to showcase and to offer our customers the only inland waterway condo vessel in the United States and on the Mississippi river,” Swerdlow added.

“The Marquette was designed to offer a unique luxury lifestyle experience. We are confident it will appeal to a vast array prospective condo purchasers looking to enjoy all that this part of the country has to offer,” said David Nelson CEO of River Cities Condos, “Condo.com allows us to bring this amazing concept to their millions of unique visitors monthly,” Nelson added.

About River Cities Condos
River Cities Condos is the brain-child of developer and 30 year boating enthusiast, David Nelson. Having spent 19 of those years living aboard a houseboat in St. Paul MN, listening to others who desired his lifestyle, Nelson developed the concept for the Marquette. The Marquette is a platform composed of four barges, atop which 185-200 condos will be constructed. It is designed to travel the rivers and inland waterways of the Mississippi along a 6,600 mile annual journey. It will offer residents a chance to live on vacation and pamper them with amenities such as: 24-hour concierge services, a theatre, a library, pools and hot tubs, even an 18 hole 1/2 acre chipping golf course. For more detailed information, visit www.rivercitiescondos.com.

Contact:
Michael V. Hefty
Condo.com
305.231.5000
m.hefty@condo.com

INTERNET ADVERTISING VETERAN JOINS CONDO.COM

Miami, FL. January 21, 2009 Condo.com announces Rob Hendricks as Vice President of Sales and a new member to the company’s senior management team. In this key role, Hendricks is directly responsible for Condo.com’s worldwide revenue generation efforts as well as the day-to-day operations of the company’s sales organization. Rob joined Condo.com in 2008, after holding progressively senior roles with Knight Ridder Newspapers; 24/7 RealMedia; AutoTrader.com and NewHomeGuide.com.

“Condo.com’s continued growth is dependant on top-notch sales professionals to present the vast utility of our marketing and ad-space to anyone looking to display real estate and related products on the internet,” stated Richard Swerdlow, CEO of Condo.com. “Rob’s professional experience, along with his motivational attitude, makes him the ideal person to leverage our increasing momentum as we head into 2009.”

“I am very excited to have joined the Condo.com team.” commented Rob Hendricks. “We are currently seeing the opportunity of a lifetime in terms of marketing needs for a global over-supply of real estate. Leading analysts have projected this inventory to be in the hundreds of billions of dollars globally.” Hendricks added: “With up to 1 million unique monthly users coming to the site, Condo.com is the best resource an owner has to sell, rent, or find their next property.”

Rob Hendricks is known for building high-performance teams that win. He brings over 15 years of front line field sales, executive management and internet experience to Condo.com, and has generated revenues in excess of $100 million for a stellar roster of previous employers.

Rob holds a bachelor’s degree in international relations from Florida International University. To learn more about Rob Hendricks, visit his condo.com profile at http://www.condo.com/robhendricks

Contact:
Michael V. Hefty
Condo.com
305.231.5000
m.hefty@condo.com

Condo.Com Community Launch Attracts Thousands of New Members

New Resident Review feature on Condo.com enhances buyer, renter and seller experience

Miami, FL, January 14, 2009 – Condo.com, the world’s largest condominium marketplace, continues to establish its dominance in the online real estate world. Every month its site statistics reveal rapid growth in key categories: monthly visitors, page views, hours spent on site, new registered users, leads generated plus sale and rental searches. This is no doubt due to their well recognized domain name not to mention the huge inventory of condominiums for rent and sale on the Condo.com site. The Condo.com team has created a comprehensive site that is easy to navigate and has innovative features that showcase what is available by city, street, building and other comparable criteria that allow potential buyers or renters to make informative decisions.

Condo.com also has a large and growing community that anyone can tap into that is fast becoming one of the most popular areas on the site. There are several ways people can access and use the Condo.com Community. For instance, anyone with a question about buying, selling, renting or living in a condo can post their question or request in the Community Q&A area of the site and very quickly get answers from a variety of sources.

“The vision for Condo.com is to be the definitive resource for all things related to condominium buying, selling, renting and living. The Condo.com Community is an important component of our vision and provides everyone with important information about Condo living,” commented Matt Pluznick, VP of Strategic Development of Condo.com

Another new, extremely useful feature that was just added to the Condo.com site is called “Resident Reviews” and everybody can access it. Anyone interested in buying or renting in a particular building can find out the “real scoop” about that building by clicking on the “Resident Review” feature and reading what other residents have to say about the buildings amenities, location, price, management, community as well as general comments.

“In doing our research we learned that reviews are an extremely important feature for those considering renting or purchasing a condo. Popular sites like Amazon.com, Cars.com, and one of our partners Hotels.com, all incorporate this feature very effectively. Now condo residents can write reviews about their building on features such as the amenities, location, management, price and the community. Imagine how useful it will be for potential residents to learn about neighborhood points of interest such as restaurants or shops in the area, schools, etc. by reading Resident Reviews, “stated Richard Swerdlow, CEO of Condo.com.

Other features accessible to anyone through the Condo.com Community are the community blogs and videos on timely topics from professionals in the industry. Condo.com continues to add important, useful tools for anyone interested in Condo living. As the world’s largest condominium marketplace with over 1 million unique visitors a month, Condo.com is leveraging the power and knowledge of its community and sharing that information so everyone can benefit from it. To learn more about the Condo.com Community visit http://www.condo.com/Community.aspx.

Contact:
Wendy Crocquet
Athena Marketing, Inc.
954-294-6467
wendy@athena-marketing.com

Condo.Com Expands Into Asia Through Partnership With Propgo

Leading condo website to display its listings to millions of potential buyers in Hong Kong, China and Singapore.

Miami, FL. December 29, 2008 - Condo.com, the world's largest condo marketplace, which lists condominiums for sale and for rent in the United States and 70+ countries around the world, announced its newly formed partnership with PropGO, the fastest growing property portal in Asia. This partnership allows Condo.com advertisers to increase their exposure to the large and active Asian marketplace and provides its users with access to over 500,000 property listings in China and Singapore.

“Our real estate developer, broker and agent advertisers will now receive increased global exposure for their property listings. The strength of the Asian currencies vis-à-vis the US dollar makes US real estate a compelling investment opportunity and this partnership is another way to provide enhanced exposure and results for our clients,” says Richard Swerdlow, Founder and CEO, of Condo.com.

"The partnership with PropGo is part of our continued global resource and branding strategy and in our efforts to display every available condo for sale or rent worldwide, expansion into Asia is a natural progression," Swerdlow adds. "We're pleased that PropGo joined us in moving so rapidly and making this happen in time for a strong launch in early 2009." The move adds PropGo to Condo.com’s vast network of international partnerships.

“At PropGO, our mission is to deliver superior, online real estate information to consumers in China while providing high ROI for the developers, agents and real estate advertisers who want to reach those consumers. We are delighted that our strategic partnership with Condo.com advances the success of that mission,” adds George Varvitsiotis, founder and CEO of PropGO.com

About PropGO
PropGO.com is the FASTEST growing property portal in China & Hong Kong - with over 1M listings and growing by 2,000+ listings per day! PropGO is the only US-based company in the online real estate space in Asia delivering superior products and services to the Chinese marketplace. PropGO offers customers: - CRM software, exclusive lead generation, customizable websites, digital billboards, listing marketing, community features, and member features. PropGO serves a large, rapidly growing and underserved market in China - for every real estate agent in China the US has 20 on a per capita basis.

Contact:
Michael V. Hefty
Condo.com
305.231.5000
m.hefty@condo.com

Condo.Com Adds Thousands of International Condo Listings

Miami, FL (PRWEB) November 14, 2008 -- Condo.com, the world’s largest condo marketplace, announced it’s partnership with international real estate portal TheMoveChannel.com. This partnership provides Condo.com users access to over 10,000+ international properties located in Spain, Portugal, Turkey, Bulgaria, France, Cyprus, England, Italy and more.

“Condo.com’s vision is to provide our users with every single multi-family listing in the world that is available to search, buy or rent. The Move Channel provides our users with thousands of these condo listings around the world. This has greatly increased our searchable inventory in dozens of countries such as Spain, Portugal, Turkey, Bulgaria, France, Cyprus, England, Italy, Greece, Dubai, Egypt and more.” Said Richard Swerdlow, CEO of Condo.com

Condo.com customers consist of people interested in investing, buying, renting and vacationing in properties all over the world. With the added inventory TheMoveChannel.com offers, users can log onto Condo.com and search listings in international locations seamlessly.

“We are thrilled to be affiliated with Condo.com. As the world’s largest condo marketplace, they were an obvious company for us to seek out to showcase our inventory in major European markets. We look forward to providing these listings to their huge

Contact:
Wendy Crocquet
Athena Marketing, Inc.
954-294-6467
wendy@athena-marketing.com

Condo.Com Hires Former Disney And Nike Marketing Executive

Condo.com announced the recent addition of Fernando De Los Reyes as their new Chief Marketing Officer joining a rapidly growing team. Fernando is responsible for both traditional and web 2.0 interactive marketing, advertising, brand management, public relations, media and business development. Prior to joining Condo.com, Fernando was Chief Marketing Officer for Fathead.com/Fathead LLC, a Quicken Loans company.

Miami, FL (PRWEB) November 14, 2008 -- Condo.com announced the recent addition of Fernando De Los Reyes as their new Chief Marketing Officer joining a rapidly growing team. Fernando is responsible for both traditional and web 2.0 interactive marketing, advertising, brand management, public relations, media and business development. Prior to joining Condo.com, Fernando was Chief Marketing Officer for Fathead.com/Fathead LLC, a Quicken Loans company.

"I've been fortunate to have worked with some very creative and successful family-oriented consumer companies throughout my career like Nike, Disney and Cartoon Network, but what we do at Condo.com represents the biggest consumer-lifestyle, family investment and business transaction I've ever been a part of influencing globally," remarked Fernando De Los Reyes. "Condo.com has built an impressive team with tremendous energy and the sort of talent that any Fortune 500 Company would be thrilled to have. Beyond the people and pace however, it's the opportunity and innovation that's taking shape in the online real estate industry that has me most excited to join the Condo.com team and inspired to execute our vision for Condo.com, the brand."

Fernando De Los Reyes brings 20 years of Fortune 500 experience to Condo.com, having been a key marketing voice for Disney Consumer Products (DCP), where he was Vice President of Television Franchise Management, credited with getting TV shows like Hannah Montana into the DCP licensing pipeline. Prior to Disney, Fernando was Vice President of Marketing for Turner Broadcasting's Cartoon and Boomerang Networks, Latin America. During the mid and late 90's, Fernando was Director of Marketing for Nike Soccer and Marketing Director for Capitol Records.

Fernando received his BA in International Relations from the University of California at Davis and attended the University of California's Hastings College of the Law.

Contact:
Wendy Crocquet
Athena Marketing, Inc.
954-294-6467
wendy@athena-marketing.com

Another Major Developer Teams Up With Condo.com -- Elad National Properties Now Featured on the World's Largest Condo Marketplace

October 22, 2008 (Miami, FL) PRRWEB - Condo.com, the World's Largest Condo Marketplace, will feature seven major condominium developments from Elad National Properties on its website that focuses on showcasing condominiums for sale and for rent. Condo.com attracts over a million visitors monthly that will now be able to view unique residences by Elad in locations throughout Florida, Georgia and Maryland.

"We welcome the opportunity to feature Elad National Properties on Condo.com and support them by providing them access to our community of over 1 million visitors searching our site monthly for condominiums for sale or rent," said Condo.com CEO Richard Swerdlow. "Condo.com is the perfect vehicle to market and sell Elad Properties like Madison Square at Dunwoody, Mizner on the Green, and The Fitz at Rockville Place to name a few of the developments being featured. Visitors can view and compare amenities offered, read what other residents say through our 'Resident Review' function and even speak to a building and/or area expert," Swerdlow added.

"Condo.com is an integral part of our marketing efforts for seven properties we are featuring on this powerful advertising vehicle. As the world's largest condo marketplace, Condo.com offers the tools and features and more importantly the audience for us to reach potential buyers so they can get the information they need to make a decision on buying or renting one of our condominium properties. Condo.com is an excellent partner for Elad and we look forward to a prosperous relationship," stated Rami Rosen, Vice President of Marketing & Sales for Elad National Properties LLC.

Elad National Properties joins thousands of condo projects listed on Condo.com from 70 countries around the world and adds to the over 700,000 condominiums listed for-sale and for-rent on the site. Condo.com is the most comprehensive resource for condos on the web and enables users to search for condominiums based on location, price, developer and type of condo property.

About Condo.com
Condo.com is the world's largest condominium marketplace with over 600,000 listings valued in excess of $150 billion. The site receives over 1 million visitors monthly and is dedicated to the evolution and prosperity of the condominium real estate market. Condo.com improves and simplifies the way people buy, rent, sell, manage, market and enjoy the condo lifestyle. Condo.com lists condominiums for sale and for rent in the United States and 70+ countries around the world and cost-effectively delivers exposure and qualified leads to developers, brokers and for-sale-by-owners through the seamless distribution of its listings to a global network of real estate websites visited by over 15 million viewers per month. Condo.com is privately held and headquartered in Miami, Florida. For more information visit www.condo.com.

About Elad National Properties
Established in March 2004 to spearhead the expansion of the El-Ad Group into the Southeastern United States, Elad National Properties (formerly the Elad Group Florida) has expanded rapidly during its short history, particularly in Florida. The Company currently has a substantial presence in 10 states and has amassed a portfolio of assets valued at $1.2 billion. Currently Elad has are 1800 condo units for sale in Florida, Georgia, Maryland and Massachusetts.

Acquired from national REITs and real estate developers, our well-diversified portfolio of properties consists of 9,200 units for rental and sale, one million square feet of office and retail space, and 371 units in condo-hotels. Through a joint venture, Elad National Properties also controls Element National Management, a property management company.

Contact:
Wendy Crocquet
Athena Marketing, Inc.
954-294-6467
wendy@athena-marketing.com

Condo.com Partners With Hotels.com: Global Advertising Portal now Offers Vacation Rentals and Hotel Booking Capabilities to its Growing Customer Base

September 17, 2008 (Miami, FL) - Condo.com the World's Largest Condo Marketplace which lists condominiums for sale and condominiums for rent in the United States and 70+ countries around the world, announced it has formed a partnership with Hotels.com, the leading global travel portal. This partnership enables Condo.com to provide its customers with travel resources and vacations from the most recognized name in online travel and leisure.

Consumers now have access to thousands of vacation rentals and hotel accommodations with an easy and seamless online booking engine. "When we launched Condo.com we expected to focus exclusively on buying and selling. We learned over time however that a large percentage of our customers are looking for vacation rentals and condo hotel rooms for short-term stay. We partnered with the best in the industry to meet this need and now our customers can easily access thousands of quality vacation rental properties and hotel rooms in prime locations around the world - all fully integrated into our site," says Richard Swerdlow, CEO of Condo.com. "Additionally, with condos considered a second home or vacation property, many consumers are traveling to other states or countries to consider the real estate purchase. It made sense to add a hotel booking into the user experience."

About Hotels.com
For more than 15 years, hotels.com has provided great prices on the places you want to stay for both leisure and business travel. We know that the hotel experience is an important part of your trip. This is why we provide insight on our broad selection of hotels through current, unbiased hotel reviews from discerning guests just like you who have stayed at the property. Hotels.com acts as a resource for like-minded guests to review and rate properties, give recommendations and gather information for upcoming trips.

Hotels.com offers more than 70,000 properties worldwide from hotels to bed-and-breakfasts to condos to all-inclusive resorts. We offer the information you need to book the perfect trip through detailed hotel reviews, Flexible Booking and our Price Match Guarantee. Hotels.com is an operating company of Expedia, Inc. (Nasdaq: EXPE).

Contact:
Wendy Crocquet
Athena Marketing, Inc.
954-294-6467
wendy@athena-marketing.com

CONDO.com Releases Condo Market Intelligence Data

August 13, 2008 (Miami, FL) - Condo.com, the world's largest condo marketplace, recently released it's much anticipated Condo Market Intelligence (CMI) data for several key Florida markets including Miami, Fort Lauderdale, Palm Beach and Orlando. This data provides information on the number of multi-family home sales in these key markets as well as Average Sales Price and Average Price Per Square Foot. The number of listings for sale and rent by market is also a key component of the CMI. While overall the data confirms expected declines, there are some positive and stable markets indicating that all is not doom and gloom.

"We are excited to be able to release this new data which gives the industry good, reliable numbers on what is happening in the condo marketplace," says Richard Swerdlow, CEO of Condo.com. "We know the industry is hungry for this information and we have put an infrastructure into place to capture valuable data we release on a periodic basis," he added.

Not surprisingly, average sales prices went down in all markets except Palm Beach which experienced a 9% increase over the previous quarter. Orlando showed the biggest decrease in average sales price of 15% while Miami had a 6% decrease and Fort Lauderdale experienced a slight 1% fall in sales price.

Perhaps the most valuable statistic to compare markets is average price per square foot: Orlando's average sales price per square foot dropped 15% to $128. The average sales price per square foot in Fort Lauderdale dropped 2% to $154; Palm Beach's average sales price per square foot stayed the same as last quarter at $146 while the Miami market dropped 1% to $301.

The Condo.com CMI Report also includes data on the number of listings for sale and rent.

For-Sale Listing Data by Metro area as of August 1st, 2008:

Miami - 23,611 for-sale listings (3% decrease from July '08)
Avg Price/SqFt = $316 (2% decrease from July '08)

Fort Lauderdale - 18,020 listings (1% decrease from July '08)
Avg Price/SqFt = $209 (2% decrease from July '08)

Palm Beach - 13,627 listings (2% decrease from July '08)
Avg Price/SqFt = $192 (2% decrease from July '08)

Orlando - 6,252 listings (2% decrease from July '08)

Avg Price/SqFt = $157 (3% decrease from July '08)

For-Rent Listing Data by Metro area as of August 1st, 2008:

Miami - 6464 Rental Listings (3.36% increase from July '08)Avg Rent/SqFt $1.95 (.5% increase from July '08)

Fort Lauderdale - 2693 Rental Listings (5% increase over July '08)
Avg Rent/SqFt = $1.36 (No change from July '08)

Palm Beach - 3,138 Rental Listings (8% increase from July '08)
Avg Rent/SqFt = $1.68 (1% increase from July '08)

Orlando - 680 Rental Listings (11% increase from July '08)
Avg Rent/SqFt = $1.02 (1% increase from July '08)

Contact:
Wendy Crocquet
Athena Marketing, Inc.
954-294-6467
wendy@athena-marketing.com

Global Real Estate Magazine and World's Largest Condo Marketplace Join Forces

MIAMI, FL., July 30th, 2008 - Condo.com, the world’s largest condo marketplace, which currently has over 15 million visits a month, announced a partnership with Raices Magazine, a global magazine targeting real estate investors and professionals. This partnership provides both Condo.com and Raices customers with exclusive promotional opportunities and benefits as well as important industry information.

“Partnering with Raices magazine falls right in line with our desire to constantly make more services and resources available to our thriving Condo.com community of buyers, sellers and real estate professionals.” said Richard Swerdlow, CEO of Condo.com “We know our customers will benefit from the information provided in Raices and we are sure that Raices will appreciate the quality and volume of professionals joining our condo.com community daily,” he added.

While Condo.com uses the power of the internet to communicate its message to customers, RAICES uses a 4 color print magazine to reach its audience which currently includes over 100,000 readers worldwide. “Our typical reader is a CEO or top executive in the real estate industry including developers, investment groups, bankers, brokers and consultants in major cities in Europe, Asia Pacific and America. “ says creator Fabio Ostroviecki. “Condo.com is the most important alliance we have in North America. This partnership will fuel our intent to keep growing, provide cross functional tools to our customers and broaden our spectrum of reach. This is an exciting alliance for us and our readers and supports our goal of generating sales for our clients,” added Ostroviecki.

While many companies are struggling in today’s economy, especially in the real estate industry, Condo.com continues to experience rapid growth as the World’s Largest Condo Marketplace. Traffic to the site increased 23% in June, which generated more than 14,000 leads, over 3.4 million page views and over 97,000 visitor hours on the site.

About Condo.com
Condo.com is the most popular global internet portal for the condo real estate industry focusing on multi-family housing and the condo lifestyle. Condo.com has a comprehensive database that includes over 600,000 listings from multiple sources including developers and lending institutions that are traditionally not available to consumer markets. Registered Condo.com customers will get special discounted subscription rates to Raices Magazine among other special offers and exclusive events. For more information, visit www.condo.com or call 877.266.3601.

Contact:
Wendy Crocquet
Athena Marketing, Inc.
954-294-6467
wendy@athena-marketing.com

Condo.com Launches “Building Expert” to Give Agents a Competitive Edge New product lets agents claim their expertise and get leads from over 10,000 buildings

MIAMI, FL., June 13th, 2008 Condo.com (www.condo.com), the World’s Largest Condo Marketplace, announced today that it has launched the “Building Expert” product on over 10,000 condo buildings across the country. The new product enables agents to claim their expertise and become the expert for one or more resale buildings on the site.

“Agents who have experience with a specific building or group of buildings can now easily demonstrate their expertise by associating their picture, name and contact information to that building each time it gets searched”, said Richard Swerdlow, CEO of Condo.com. “Buyer’s agents that want hyper-targeted exposure at the building level can now get in on Condo.com when a building is displayed in search results or on the map interface.

Matt Pluznick, VP of Strategic Development added, “We’ve automated the product as an e-commerce item so agents can easily stake their claim to buildings on the site. We kept hearing from agents that they wanted to get leads from specific buildings in which they lived or had spent time showing units, so we created this product for them. Although we have launched with 10,000 buildings, we will be adding new markets daily and agents can suggest any building they like which creates a limitless number of opportunities for them to utilize the product.”

About Condo.com
Condo.com is the world’s largest condominium marketplace with inventory valued at over $150 billion. The site lists condos in the United States and 70+ countries around the world and cost-effectively delivers exposure to developers, brokers and owners through the seamless distribution of its listings to a global network of websites visited by over 15 million viewers per month. The site serves as a thriving online community for all things condo with a wide range of resources and a social network for buyers, sellers and other professionals. Condo.com is a privately held company headquartered in Miami, Florida. For more information, visit www.condo.com or call 877.266.3601.www.condo.com.

Contact:
Wendy Crocquet
Athena Marketing, Inc.
954-294-6467
wendy@athena-marketing.com

Condo.com Launches New Division to Support Lenders

Global marketing portal teams with 25-year veteran to grow institutional services division

MIAMI, FL., May 28, 2008 – Condo.com, the World’s Largest Condo Marketplace, announced today that it has formed a financial institution brokerage and marketing division to assist lenders with asset management and dispositions. Jim Fried, President of Sandstone Realty Advisors, will assume the role of Director of the new division at Condo.com.

Condo.com will leverage Mr. Fried’s experience in the institutional lender arena and expand their global platform and leadership in the online multi-family marketing space. The new venture will provide institutional owners and lenders a range of services from the industry’s leader in condo marketing. Mr. Fried’s experience in the last significant market correction, as a principle with Condovest, makes him an ideal partner to champion this new division stated Richard Swerdlow, CEO of Condo.com. From 1991-1993, Condovest bought, managed and brokered portfolios of condos from the RTC, FDIC and solvent financial institutions. Jim is well versed in all phases of the special situations that occur as a property begins to fail and is eventually taken over by the lender(s), added Swerdlow. Mr. Fried’s partnership with Condo.com will provide a powerful solution to lenders who have not historically used the web to market their owned real estate.

In addition to marketing and sales, Mr. Fried’s group at Condo.com will offer asset preservation; pre-foreclosure evaluations; project repositioning; asset and property management and financial restructuring services. The venture capitalizes on Condo.com’s marketing expertise and Mr. Fried’s experience with working out condo projects. Condo.com will now be in a better position to capitalize on its nationwide brokerage capabilities and global advertising platform to serve as the exclusive broker to sell individual or blocks of units. The expanded focus will also allow Condo.com to better serve its rapidly growing list of buyers and investors.

“What excites me about the partnership with Condo.com is the market reach they have and their position as the undisputed market leader in this niche” Fried said. “With so much negativity in the industry it’s refreshing to work with a company that takes a positive approach to the market and is designed to help the industry address the complex problems it is facing” said Jim Fried. “At a time when other real estate firms are shrinking, Condo.com is expanding. Our site traffic sets new records daily and we are converting that traffic into real estate sales” he continued”. “Condo.com is committed to providing lenders with a solution that allows property sellers to make the best out of their situation. It is a privilege to form a strategic partnership with Condo.com and be able to expand on their strong platform. Our goal is to provide services to the many financial institutions that we work with on a daily basis and that, quite frankly, need our help,” added Fried.

About Condo.com
Condo.com (www.condo.com) is the world’s largest condominium marketplace with inventory of over 500,000 listings valued in excess of $100 billion. Condo.com lists condos for sale and for rent in the United States and 70+ countries around the world and cost-effectively delivers exposure and qualified leads to developers, brokers and for-sale-by-owners through the seamless distribution of its listings to a global network of Real Estate websites visited by over 15 million viewers per month. Condo.com is a privately held company headquartered in Miami, Florida. For more information, visit www.condo.com.

About Sandstone Real Estate Advisors and Jim Fried
Sandstone brings 20 years of deal structuring expertise to the Florida Real Estate Market. Based in Miami, Sandstone assists real estate business people grow their businesses by providing access to capital, managing the property sales process or generating creative solutions to complex real estate problems. Form more information, visit www.ssrefla.com.

Contact:
Wendy Crocquet
Athena Marketing, Inc.
954-294-6467
wendy@athena-marketing.com

Condo.com is a Silver Lining in a Dark Real Estate Industry

Condo.com uses technology and partnerships to uncover opportunities for consumers,
realtors and developers

Condo.com uses technology and partnerships to uncover opportunities for consumers, realtors and developers

MIAMI, FL., April 22, 2008 – While many companies are struggling in today’s economy, especially in the real estate industry, Condo.com continues to experience rapid growth as the World’s Largest Condo Marketplace. Traffic to the site increased 25% in March, which generated more than 10,000 leads, over 5 million page views and over 60,000 visitor hours on the site.

At the end of 2005, the Miami Herald ran a front-page article announcing the new company, which would revolutionize the way condos are marketed, bought and sold. Condo.com has lived up to this prediction and is now creating a significant impact in a market that sorely needs positive results. When the site launched in January 2006 it had 8,000 property listings on the site. Today Condo.com has over 600,000 listings with inventory valued at $150 billion.

Condo.com anticipated the unprecedented over-supply of condos in major metropolitan areas within the United States and globally, and the resulting challenges this would impose on real estate developers and unit owners. The company creates liquidity for sellers by attracting condo buyers from around the world that are looking for a superset of all available listings. A review of Condo.com, and the opportunities it brings to the real estate market, gets even the worst real estate skeptics excited.

What makes Condo.com so valuable to the real estate industry is its comprehensive database focused solely on multi-family units for sale and for rent on a global basis. This database includes inventory from multiple sources including developers and lending institutions that are traditionally not available to consumer markets. Developer listings, auctions and REO properties are where many of the hot deals are and these remain blind spots for other real estate websites. Condo.com creates partnerships with developers and financial institutions and provides cost-effective marketing and sales support to market and sell their condo inventory. Another distinct benefit is the ability to view entire buildings and associated unit inventory as well as entire streets and neighborhoods of condo buildings to see what is available. This is especially useful for investors looking to buy large blocks of inventory.

Another key value that Condo.com offers to buyers and investors is the ability to find bargains. Everyone is wondering where the bottom is and using the unique search tools on Condo.com, buyers can efficiently do their research, look at comparisons and act quickly. “We know that part of the increase in our traffic is from bargain hunters looking for deals. You can compare price per square foot, amenities, association fees and other pertinent information across buildings, zip codes and markets to narrow down your search in minutes. Condos, unlike single-family homes are boxes in the sky, which often trade sight-unseen, like a commodity. It is the prefect real estate asset-class for a centralized marketplace,” says Richard Swerdlow, CEO of Condo.com.

Contact:
Wendy Crocquet
Athena Marketing, Inc.
954-294-6467
wendy@athena-marketing.com

Condo.com Provides Developers with Cutting Edge Lead Tracking to Increase Sales

Condo.com Partners with eRealSoft.com, Leader in Lead Tracking and Prospect Management for Unique End-to-End Solutions for Condo Developers

Condo.com, the World’s Largest Condo Marketplace, announced today that it has partnered with eRealSoft.com, the leading developer of hosted lead tracking software for the Real Estate industry. The partnership will enable Real Estate developers that utilize both programs to track and manage their leads from inquiry to closing.

Although over 85% of Real Estate searches begin online, many Internet leads are not properly tracked and managed after they’ve been delivered. As the #1 condo website in the world, Condo.com delivers over 10,000 qualified buyer leads per month. This new relationship will allow Real Estate developers that use the eRealSoft platform to seamlessly track and mange each and every Condo.com lead, maximizing return on investment and increasing the conversion rate of lead to sale, a key condo marketing metric.

The eRealSoft.com software system, including it's core condominium products, integrates leads from all of a developer's various marketing channels (including walk-ins and telephone leads, search engines, portals, Web traffic and Realtor referrals) and allows for prioritizing these based on who is most likely to buy. In addition, eRealSoft.com provides builders with total inventory control, contract management, report management, tenant reporting for condo conversion, incentives, marketing productivity outcomes and total sell out production information available anytime and anywhere.

eRealSoft.com will offer the Condo.com marketing services as a value-added component to their condo developer clients and Condo.com will develop an interface to deliver their leads into eRealSoft’s client applications. “The synergy between Condo.com and eRealSoft.com is extremely powerful in times where every lead has to be captured, managed and converted into closing cash.” stated Alejandro Fernandez, co-founder and CEO of eRealSoft.

Las Terrazas Resort and Residences in Belize developed by Coral Development is the first client to utilize both Condo.com and the eRealSoft.com platforms. Las Terrazas is an upscale resort community in Belize attracting over 50% of its leads from internet searches. Condo.com is the premier portal for potential buyers of condominium properties around the world. Using both Condo.com to obtain leads and eRealSoft.com to capture leads will allow Las Terrazas, Belize to increase its conversion ratios from leads generated from the internet at costs much lower than traditional media vehicles can provide.

“We are a lead machine for condo developers. The challenge for us is to make sure our clients convert and close on the leads”, said Richard Swerdlow, CEO of Condo.com. “The partnership with eRealSoft.com, an industry leader in back-end lead management and tracking, will now give us an integrated solution to offer advertisers, improving close rates and providing an end-to-end solution”.

About eRealSoft.com
eRealSoft.com is the leading developer of hosted lead tracking and prospect management software for the Real Estate industry. With offices in South Florida and Mumbai, India, eRealSoft offers web-deployed, prospect management and e-marketing solutions for converting prospective new home and condominium buyers into sales. Today the system is being used by hundreds of companies in the United States and Latin America. These companies have gained a competitive advantage by enthusiastically adopting cutting-edge sales automation technologies like those offered by eRealSoft.

Condo.com Makes it Even Easier to Shop for Condos

Global Web Portal Launches New Building Gallery with Thousands of Highrise, Townhome, Luxury and Rental Buildings

MIAMI, FL., March 17, 2008 – Condo.com (www.condo.com), the World’s Largest Condo Marketplace, announced today that it has launched a new Building Gallery on the site with over 10,000 condo buildings categorized by highrise, townhome, luxury, rental community, condo hotel and more. The new functionality groups individual units into the buildings, making it even easier for buyers and renters to find their new condo.

Traditionally, real estate search sites display individual unit listings in the search results which can make searching for a property difficult and time consuming for the end user. “We’ve taken search a step further by gathering individual unit listings and grouping them into buildings,” said Richard Swerdlow, CEO of Condo.com. “Condo buyers and renters can now search for available condo properties by building in every major city and find all available properties for sale and rent along with market data for specific buildings”.

The addition of Rental Communities to the new building gallery also expands Condo.com’s business into the apartment sector and significantly broadens the universe of potential advertisers. “We found that the majority of renters do not distinguish between renting a condo or an apartment and it made sense to show both property types to support the growing site traffic”, added Swerdlow.

Matt Pluznick, VP of Strategic Marketing commented, “through search engine marketing, our definitive domain name and the largest inventory of condos for sale and for rent in the world, Condo.com has become a destination site for buyers and renters alike. The abundance of consumer traffic and leads enables us to continue to deliver effective advertising solutions to a broad range of advertisers looking to list their condos for sale and for rent. We will continue to add new functionality, like the Building Gallery, to make Condo.com a consumer-friendly experience.”

About Condo.com
Condo.com (www.condo.com) is the world’s largest condominium marketplace with inventory valued at over $100 billion. The site lists condos in the United States and 70+ countries around the world and cost-effectively delivers exposure to developers, brokers and for-sale-by-owners through the seamless distribution of its listings to a global network of websites visited by over 15 million viewers per month. Condo.com is a privately held company headquartered in Miami, Florida. For more information, visit www.condo.com or call 877.266.3601.

Condo.com Sponsors Distressed Real Estate Conference in Miami March 18-19

MIAMI, FL., March 2, 2008 – Condo.com, the World’s Largest Condo Marketplace, will be a sponsor at the upcoming conference on Distressed Residential Real Estate Investing. This prestigious event will take place on March 18-19 at the Trump Sonesta Resort in Miami Beach, FL.

“This is the perfect event for us to sponsor because our site offers a solution to both buyers and sellers of distressed residential real estate. Condo.com has a section dedicated to bulk condo opportunities, which many investors are looking for. Our website provides an easy, effective way to search for deals by multiple criteria including geographic region, specific streets or buildings, and discount percentages to name a few,” says Richard Swerdlow, CEO of Condo.com. “In a period, where news about the real estate market is mostly negative, Condo.com provides buyers and opportunistic investors with the tools to efficiently search the most extensive listing inventory of condos worldwide, while offering liquidity solutions and buyer leads to developers, brokers, and sellers.”

To schedule an appointment with Condo.com, conference attendees should email wendy@athena-marketing.com or contact Wendy Croquet at 954.294.6467.

About Condo.com
Condo.com (www.condo.com) is the world’s largest condominium marketplace with over 500,000 listings from the United States and 70+ countries around the world with inventory valued at over $100 billion. The site cost-effectively delivers exposure to developers, brokers, financial institutions and other sellers through the seamless distribution of its listings to a global network of websites visited by over 15 million viewers per month. Condo.com is a privately held company headquartered in Miami, Florida. For more information, visit www.condo.com or call 877.266.3601.

Nation’s Leading Developer Utilizes Technology and Innovation to Globally Market their Rental Inventory

MIAMI, FL., March 4, 2008 – Condo.com (www.condo.com), the World’s Largest Condo Marketplace, announced today that TRG Management, a Related Group Company, is now featuring rental properties on its industry leading website. Over 500,000 monthly visitors to the site can view a full inventory of available units for rent, along with floor plans and other available media, for three popular Miami developments.

Related Group properties featured on the site are 50 Biscayne, The Loft 2 and The New Harbour House, all recently completed projects. With premium amenities, quality construction and great locations, each of these projects are highly sought after addresses. Related Group and TRG have established a rental business to capitalize on unsold inventory and the increased number of renters during this period of market normalization. Clients interested in renting at these buildings can easily find unit details, images and contact information for the property leasing agents, streamlining the leasing process for the renter and developer.

“We are happy to partner with one of the premier developers in the country to help market their excess condo inventory as rentals” said Richard Swerdlow, CEO of Condo.com. “Through search engine marketing, our definitive domain name and the largest inventory of condos for sale and for rent in the world, Condo.com has become a destination site for buyers and renters alike. As traffic and leads continue to increase, we look forward to delivering cost-effective leads and leases for Related Group”.

About Condo.com Condo.com (www.condo.com) is the world’s largest condominium marketplace with inventory valued at over $100 billion. The site lists condos in the United States and 70+ countries around the world and cost-effectively delivers exposure to developers, brokers and for-sale-by-owners through the seamless distribution of its listings to a global network of websites visited by over 15 million viewers per month. Condo.com is a privately held company headquartered in Miami, Florida. For more information, visit www.condo.com or call 877.266.3601.

About Related Group and TRG
The Related Group was formed in 1979 and is the nation's leading builder of luxury condominiums and one of the country's premier multi-family real estate development firms. A few years later, they formed The Related Group Management Company, which later became TRG Management Company. This subsidiary was created on the premise that a professionally trained, centrally located property management staff can have a significant impact on the long-term operation and appreciation of apartment rental communities. Most recently, TRG has begun to lease and manage Related Group’s unsold or vacant unit inventory.

New Product Offers Real Estate Professionals Targeted Exposure to Condo Buyers

Condo.com Launches Local Expert to Help Advertisers in Slowing Market

MIAMI, FL, January 29, 2008 – Condo.com, the World’s Largest Condo Marketplace, announced today that it has launched a new product, “Local Expert” geared towards brokers and agents. The product allows real estate professionals and others to purchase Zip Codes, Cities, Metro-Areas, Neighborhoods and Countries so that their ads are prominently displayed in all search results for the selected area of expertise.

The current climate in the real estate market, coupled with the increased usage of the Internet to search for real estate, has forced brokers and agents to find innovative ways to market their services. The Local Expert product provides real estate professionals with a cost-effective and result-driven solution for marketing themselves to buyers who conduct over 500,000 condo searches each month on Condo.com.

“There is a large audience of real estate professionals that do not have listings and who exclusively serve buyers. We developed the Local Expert product so that buyer’s agents can easily advertise their expertise to our rapidly growing local and global audience” stated Richard Swerdlow, founder and CEO of Condo.com. “Despite the current real estate market, we are seeing a growing number of buyers from around the world looking for bargains and searching for condo properties, even in the troubled markets. Now is the time for agents to promote their expertise and demonstrate a commitment to the market with smart advertising” added Swerdlow.

The Local Expert is the latest addition to a suite of self-service advertising products on the site, including the ability to self-list one or more condos for sale or rent and the Power Seller Program which enables Brokers and Agents to list unlimited condo listings for a low monthly fee.

About Condo.com
Condo.com (www.condo.com) is the world’s largest condominium marketplace with inventory of over 450,000 listings valued in excess of $100 billion. Condo.com lists condos in the United States and 70+ countries around the world and cost-effectively delivers exposure to developers, brokers and for-sale-by-owners through the seamless distribution of its listings to a global network of real estate websites visited by over 15 million viewers per month. Buyers can search the superset of all “for sale” and “for rent” condo listings based on a variety of search criteria, including whether the property is a “bargain” based on the price per square foot compared to other listings within the same building, city, zip code or State. Condo.com is a privately held company headquartered in Miami, Florida. For more information, visit www.condo.com.

1000’S of Foreclosures now Available on Condo.com

Condo.com Partners with RealtyTrac Enabling Users to Search for Condo Foreclosures Nationwide

MIAMI, FL., January 18, 2008 – Condo.com, the World’s Largest Condo Marketplace, announced today that it has partnered with RealtyTrac, the leading website for foreclosure properties, to enable users to access over 1 million default, foreclosure, auction and bank-owned properties.

During a downturn in the real estate market, foreclosures generally increase. Through the second half of 2007, there were over 1,000,000 foreclosure filings across the U.S., representing an increase in foreclosure activity of more than 50 percent compared to the same period in 2006. This new relationship with RealtyTrac will provide buyers visiting Condo.com with the ability to search for the latest foreclosure and bank-owned properties in their local markets and across the country.

All foreclosure listings offered through Condo.com will feature a property heading, description and thumbnail image. The listing will be further integrated into Condo.com’s platform later this year. “This new relationship will make it easier for homebuyers, investors and real estate agents and brokers to search and view foreclosure properties on our site” stated Richard Swerdlow, founder and CEO of Condo.com.

Foreclosure properties are the latest addition to over 450,000 condos already searchable on Condo.com including condos for sale and for rent, condo-hotels and distressed condo projects offered at bulk discounts. Condo.com is the most comprehensive resource for condos in the world and allows people to search for condos by price, location, type or by bargain, based on the prices below the average price per square foot in a building or local market.

About Condo.com
Condo.com (www.condo.com) is the world’s largest condominium marketplace with inventory of over 450,000 listings valued at one hundred billion. Condo.com lists condos in the United States and 70+ countries around the world and cost-effectively delivers exposure to developers, brokers and for-sale-by-owners through the seamless distribution of its listings to a global network of real estate websites visited by over 15 million viewers per month. Condo.com is a privately held company headquartered in Miami, Florida. For more information, visit www.condo.com.

About RealtyTrac
RealtyTrac Inc. (www.realtyTrac.com) is the leading online marketplace for foreclosure properties, and one of the fastest-growing real estate sites on the Internet. RealtyTrac offers the largest national database of pre-foreclosure, foreclosure, For Sale By Owner and new home construction properties, with more than 550,000 properties across the country. RealtyTrac hosts 2 million unique monthly visitors, and provides the comprehensive property data, productivity tools and extensive professional resources that home seekers, investors and realtors need to locate, evaluate and buy real estate properties at below market value.

Condo.com Teams up with CB Richard Ellis to Jointly Market Bulk Condo Deals in Florida

MIAMI, FL., November 26, 2007 – Condo.com, the world’s first and largest online condo marketplace, today announced that it has teamed up with the Miami office of CB Richard Ellis (CBRE) to jointly market bulk condos for disposition. Condo.com has launched an “Investors” section on the website to showcase bulk condo listings being offered by CBRE’s Multi-Housing Group. Already a destination for buyers and sellers of condominiums, Condo.com will now offer wholesale real estate opportunities to help investors locate properties with bulk buying opportunities.

“The investors tab on the website provides a platform for owners and interested investors to list and view bulk condo opportunities. We are well positioned to understand the developer’s inventory and are a logical outlet for them and their lenders to showcase wholesale opportunities to a growing number of investor groups and funds” says Richard Swerdlow, CEO of Condo.com.

CBRE has added its inventory of 43 partially sold Florida condominium communities to Condo.com to gain added exposure for its clients. “We launched a site dedicated to bulk condo disposition a few months ago and are now thrilled to join up with Condo.com, a leader in online condo marketing” says Robert Given, Executive Vice President of CB Richard Ellis. “Condo.com provides an additional avenue to promote our bulk condo opportunities to private equity groups and others that want to invest in bulk condo deals.”

About Condo.com
Condo.com (www.condo.com) is the world’s largest condominium marketplace with inventory of over $100 billion. Dubbed the NASDAQ for condos, Condo.com lists condos in the United States and 70+ countries around the world. Condo.com cost-effectively delivers unparalleled international exposure to developers, brokers and for-sale-by-owners through the seamless distribution of its listings to a global network of real estate websites visited by over 15 million viewers per month. Condo.com also has a social networking platform with extensive user-generated content and the ability to connect in both a B2B and B2C dynamic environment. Condo.com is a privately held company headquartered in Miami, Florida. For more information, visit www.condo.com or dial 877.266.3601.

About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), an S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2006 revenue). With over 24,000 employees, the Company serves real estate owners, investors and occupiers through more than 300 offices worldwide (excluding affiliate and partner offices). CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. In 2007, CB Richard Ellis was named one of the 50 “best in class” companies by BusinessWeek, and one of the 100 fastest growing companies by Fortune.

Condo.com Press Contact:
Adam Kujacznski
Condo.com
305.476.2075
adam@condo.com

CB Richard Ellis
Robert McGrath
212.985.8267
robert.mcgrath@cbre.com

Bargain Search Now Available on Condo.com – Find the Best Deal in Your Area

Condo.com Launches New Search Functionality Enabling Consumers to Locate Discount Condos

MIAMI, FL., November 13, 2007 – Condo.com, the world’s first and largest online condo marketplace – dubbed the NASDAQ for condos – today announced the launch of new search functionality on the website that enables consumers to more effectively find condos for-sale and for-rent. In addition to navigation improvements and advanced filters to help users quickly narrow their search results to find the most relevant listings, Condo.com has added the ability to search for properties that are bargains and hot deals.

The “Bargain Search” feature allows users searching for condos to identify properties in a specific building, zip code or market that are listed for-sale or for-rent for more than 15% below the average market price on a price per square foot basis. The “hot deal” search feature allows users to search for units where the seller is offering special pricing, buyer incentives and unit discounts.

“These new features enable users to easily find value properties and results which better meet their search requirements to make more informed decisions when purchasing a condo” says Richard Swerdlow, CEO of Condo.com. “The ability to quickly search for “bargains”, sometimes up to 80% below the local area price, allows users to identify units that are the best deals among the 400,000 units listed on the site.”

The website has also incorporated boundary data for more than 12,000 neighborhoods nationwide to enable users to search by neighborhoods within major metropolitan areas. “Finding the right neighborhood is an integral part of searching for a new home that fits your needs and desires” says Matt Pluznick, VP of Strategic Marketing for Condo.com. “Enabling users to search by neighborhood also allows them to research a variety of issues such as property taxes, school choices and crime rates around the property of interest.” The new search was developed after months of usability studies and is powered by proprietary technology.

Condo.com Press Contact:
Adam Kujacznski
Condo.com
305.476.2075
adam@condo.com

Condo.com Launches Real Estate Social Networking Community

MIAMI, FL., July 30, 2007 – Condo.com, the world’s first and largest online condo marketplace – dubbed the NASDAQ for condos – dominates the blogosphere in the real estate industry with the launch of its “Community”. The Community is a social networking platform and listing service with added functionality and content. Designed to bring all participants in the real estate space together on a single platform, the site allows users to discuss recent sales trends, market conditions, new unit listings and other real estate topics and connect with a global audience through user generated content by providing the tools for users to list condos, post videos, blog and network – FREE of charge.

Social networking is a growing trend that has catapulted numerous online companies to success. Although several websites have attempted to grow social networks in the real estate industry, none have been able to achieve the level of success they desire – until now. Condo.com has a crucial, built-in component that others lack – a robust community of users that has already been established around the website – along with a vast amount of user generated content for participants to obtain services and support.

“Real Estate is a very social process,” said Richard Swerdlow, CEO, Condo.com. “By providing a social networking aspect to our site, along with added functionality such as free video postings and blogging to our users, we are encouraging participation in the condominium marketplace to all potential users and putting the power in their very own hands.”

Unlike single family homes, condos are a property type that is often traded, site unseen, by investors around the world. “Condo.com’s social network for this category of real estate will deliver leads and a global audience of buyers in a slowing market,” continued Swerdlow.

Using proprietary technology, individuals and companies alike are able to market themselves, their company, services or property on a global level at no cost – a valuable marketing tool in itself – simply by virtue of being a member of the Condo.com Community. The added functionality allows all participants to communicate uninhibited, whether to buy, sell, obtain services and support – making Condo.com a virtual one-stop shop for all their real estate needs.

For more information, visit www.condo.com.

About Condo.com
Condo.com (www.condo.com) is the world’s largest condominium marketplace with inventory of over $100 billion. Dubbed the NASDAQ for condos, Condo.com lists condos in the United States and 70+ countries around the world. Condo.com cost-effectively delivers unparalleled international exposure to developers, brokers and for-sale-by-owners through the seamless distribution of its listings to a global network of real estate websites visited by over 15 million viewers per month. Condo.com is a social networking platform with extensive user-generated content and the ability to connect in both a B2B and B2C dynamic environment. Condo.com is a privately held company headquartered in Miami, Florida. For more information, visit www.condo.com or dial 877.CONDO01.

The World's Largest Condo Marketplace Remains the Master of It's Domain Name

MIAMI, FL., June 5, 2007 – USCondex.com, the world’s first and largest online condo marketplace – dubbed the NASDAQ for Condos – today announced it has acquired the domain name Condo.com, and effective immediately will operate under its new domain www.condo.com. The new name easily resonates with buyers, renters, sellers and developers of condominiums around the world, identifying Condo.com as THE leading website to visit for all things condo.

The announcement comes less than two years after the successful launch of USCondex.com to the online real estate community. The name change is a significant milestone for the company, indicative of the growth it has experienced and further strengthening its leadership position in the online condominium marketplace.

“Acquiring this new domain has a huge impact on our business at hand,” said Richard Swerdlow, Chief Executive Officer for Condo.com. “As we continue to bring the world’s condo community together online, owning the premier domain name in the space will help us achieve our goal to better communicate our business model to global users and partners. Condo.com is a name that transcends language barriers, giving us a tremendous advantage over our competition as we seek to grow our business globally.”

Condo.com provides cutting edge information, functionality and tools for buyers and sellers around the world, including a social networking tool that allows users to network and connect to one another, video blog and upload virtual tours. With unmatched listing capabilities and resources offered on the site, and proprietary technology that provides users with detailed neighborhood, school and demographic information, Condo.com provides a service found no where else in the world.

For more information, visit www.condo.com.

About Condo.com
Condo.com www.condo.com is the first and fastest growing global advertising portal and listing service for condominiums. Condo.com carries the largest inventory of condominiums listed in the United States and 70+ countries around the world, valued at over $100 billion. Condo.com cost-effectively delivers unparalleled international exposure to developers, brokers and for-sale-by-owners through the seamless distribution of its listings to a global network of real estate websites visited by over 15 million viewers per month.

Condo.com goes bilingual- Delivers First Spanish Language Online Condo Marketplace

Partnership with Terra.com Crosses Borders to Facilitate Real Estate Condo TransactionsMIAMI, FL., July 23, 2007 – Condo.com, the world’s first and largest online condo marketplace –dubbed the NASDAQ for condos – today announced it has signed a partnership agreement with Terra Networks, the leading U.S. Hispanic portal and largest web access provider in Spain and Latin America, to launch the first of its kind, bilingual online condo marketplace. The co-branded website, located at bienesraices.terra.com, now delivers the only Spanish language condo marketplace devoted to serving the Hispanic and Latin American real estate communities.

“This strategic partnership will set a precedent for how U.S. and Latin American developers, real estate agents and individual sellers communicate with each other,” said Richard Swerdlow, CEO, Condo.com. “Serving the Hispanic and Latin American communities has become increasingly important to the real estate industry and Condo.com is proud to be leading the way. Our relationship with Terra will transcend the language barrier and impact the real estate community in an extremely positive way, facilitating condo transactions across all borders.”

Fernando Rodriguez, CEO for Terra Networks, agrees the partnership will have a significant impact on the Hispanic and Latin American markets. “Terra leads the U.S. Hispanic and Latin American online market, so it makes sense for us to partner with the leading online condo marketplace. We anticipate our relationship with Condo.com will have a significant impact on the Spanish speaking real estate community and look forward to building an online real estate portal, unrivaled around the world.”

Visitors to Condo.com and the partnership’s co-branded website, bienesraices.terra.com, now have the option to view, search and interact on the sites in both English and Spanish.

About Terra Networks Operations, Inc.
Terra Networks is a global Internet group with a presence in the U.S. and Latin America. The group operates some of the most popular Web sites in the United States, Spain and Latin America, and is the largest access provider in Spain and Latin America. Terra.com (www.terra.com) is the U.S. Hispanic arm of the Terra Networks group providing portal and value-added services to Spanish speaking users in the U.S. Terra is a leader in the U.S. Hispanic online market according to comScore Media Metrix and Nielsen/NetRatings.

Condo.com Press Contact:
Diane Coffey
Kel & Partners
508.366.2099, ext.117
Cell: 508.259.9584
diane@kelandpartners.com

Online Real Estate Portal Begins Reverse Publishing into The Miami Herald

Advertisers on US Condo Exchange can now buy classified ads in the Miami Herald and El Nuevo Herald to compliment online exposure.

Miami, FL – November 21, 2006 - US Condo Exchange, LLC., a global advertising portal and international listing service for condos and townhomes announced today that they have added print classified ads to the available advertising opportunities on the site. Classified liner ads to be run in the Miami Herald and El Nuevo Herald are now available for purchase on www.uscondex.com for people seeking additional print exposure for their online listing.

Using reverse publishing technology, US Condo Exchange customers can purchase 14-day and 28-day liner ads through the site which are then posted to the Miami Herald in real time and run in Herald publications based on the customer’s desired run dates. This functionality allows the Miami Herald and US Condo Exchange to offer advertisers a mix of both print and online exposure within their marketing partnership. "The deployment of this functionality on our site creates additional value for our advertisers and our partner the Miami Herald" said CEO Richard Swerdlow. “With the new functionality we can serve as an online reseller of print classified ads and drive incremental revenues to a variety of media partners.”

US Condo Exchange is a global advertising portal and international listing service for condos. The Company currently has over 155,000 condos located in the US and in 40 countries around the world listed on the site, valued at over $60 billion. US Condo Exchange cost-effectively delivers unparalleled international exposure to developers, brokers, and for-sale-by-owner sellers. The Company also partners with major media companies to automate the listing of for-sale and for-rent condo ads.

The Miami Herald is the leading daily newspaper in South Florida reaching nearly 1.4 million readers weekly. It has a 100 year history of quality journalism and has won 18 Pulitzer prizes. The Herald is owned by the McClatchy Company, a leading newspaper and internet publisher dedicated to the values of quality journalism, free expression and community service.