Accelerated Marketing Partners & Domineum Conduct First-Ever Real Estate Auction For Luxury New Construction Condominium Residences with $1 Million-Plus Minimum Bids

Bryant Back Bay Real Estate Auction Seen as Bellwether for Luxury Real Estate in
Major Cities Nationwide
BOSTON--(Business Wire)--
Jon Gollinger of Accelerated Marketing Partners (AMP), together with Louise
Sunshine and Paul Sunshine of Domineum Global Real Estate Solutions (Domineum),
brought luxury real estate homebuyers off the sidelines and demonstrated there
is still a market for high-end homes when they conducted the first-ever luxury
new development auction with minimum reserve prices over $1 million per
residence. This watershed event was conducted Oct. 17 on behalf of Vornado
Realty Trust for Bryant Back Bay, a luxury boutique condominium located in
Boston`s Back Bay neighborhood.

Minimum bids for the 10 floor-through residences that were available and sold at
this weekend`s auction started from $1.075 million, and there were 14 homes sold
on auction day. Homes had selling prices ranging from $1.325 million to $1.56
million. Pricing for the remaining homes in the 10-story building with 50
exquisitely finished residences will now be reset with price points reflecting
those established by the market on auction day. As with the auction, financing
for qualified individuals will be available through Wainwright Bank and Allied
Mortgage Group.

"While Accelerated Marketing Partners has conducted more than 65 new development
auctions in the last 18 months, this was the first auction, not only for AMP but
in history, that sold every home above the $1 million minimum bid," said Jon
Gollinger, co-founder and east coast CEO of AMP. "Some of the nation`s key
players were in attendance at the Bryant Back Bay auction, as this event will
undoubtedly be the bellwether for prestigious high-rise properties in major
cities across the nation."

Louise Sunshine, real estate marketing icon and CEO of Domineum, added, "This
event has proven that the high-end market is very much alive; developers and
marketers simply need to know how to access and speak to these buyers. I worked
with Jon Gollinger in the early `90s to develop and execute accelerated
marketing events for high-rise new developments in New York City and knew his
would be the strongest team to work with to create movement in today`s luxury
market as well."

According to Paul Sunshine, president of Domineum, "Bryant Back Bay is one of
Boston`s trophy luxury properties, and the success of this sale has proven that
the auction method can and will help jump-start sales for unsold inventory in
the luxury sector. The event was conducted much like an exclusive art auction,
and as such, garnered interest from local and national potential buyers, as well
as foreign investors looking for value in the U.S. real estate market. We
anticipate that there will soon be similar sales in major cities with global
demand, such as New York, Chicago and Los Angeles."

Located in the Back Bay, Boston`s upscale residential, retail and commercial
office district, residences at Bryant Back Bay are available for immediate
occupancy. Homes feature floor-through configurations; private elevators with
direct-home access; light-filled living rooms with southeast exposures; soaring
ceilings; red oak floors with rich mahogany stain; terraces; wiring for cable
and Internet; and optional gas fireplaces on the upper floors.

Residents enjoy a host of amenities, including the soon-to-be-completed lobby
designed by Klaus Fuchs; state-of-the-art fitness room; private storage; 24-hour
concierge and resident manager; and management services provided by Tillingers
and Barkan. Access to deeded parking spaces is available for an additional cost.

Campion & Company is the building`s broker of record and will continue to handle
all sales efforts following the auction.

For additional information on Bryant Back Bay, please call 617-575-7211 or visit
www.bryantbackbay.com.

Accelerated Marketing Partners (AMP)

Accelerated Marketing Partners, a full-service residential real estate firm with
offices in Boston, New York, San Francisco, and Irvine, Calif., specializes in
the development and implementation of both accelerated and conventional
marketing and sales programs. The company has brought together the industry`s
most seasoned professionals with decades of experience providing strategic
marketing solutions for residential real estate developments nationwide.
Accelerated Marketing Partners offers comprehensive integrated services
including detailed marketing analysis, management of on-site sales initiatives
and accelerated marketing campaign development and implementation.
www.acceleratedmp.com.

Domineum Global Real Estate Solutions (Domineum)

Domineum is a global real estate marketing company that provides pre-development
planning, marketing and branding services for the world's leading luxury
residential and mixed-use properties. Domineum is the exclusive marketing agent
on numerous projects throughout the world. Domineum integrates art,
architecture, design, and luxury lifestyle into the conception and marketing of
each property it represents. Domineum identifies unique purchase and investment
opportunities for global investors and provides a range of strategic advisory
services to developers in key international markets. Domineum repositions luxury
residential and mixed used properties across the United States and abroad. It
integrates innovative web marketing and auction strategies into its programs.
Domineum is managed by Louise M. Sunshine and Paul H. Sunshine. Louise M.
Sunshine is a luxury real estate marketing pioneer widely recognized for setting
the standard for how luxury residential developments are marketed. Paul H.
Sunshine couples his experience as a Silicon Valley marketing entrepreneur with
his background as a corporate and intellectual property attorney. Paul is
admitted into the bar associations of California and DC. He is a commercial and
residential real estate investor in Northern California. Domineum is a trademark
of Domineum Group, LLC.

Quinn & Co.
Emily Franklin, 212-868-1900 x264
efranklin@quinnandco.com

Copyright Business Wire 2009