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December 2, 2011

SOLON GERSHMAN INC ACQUIRES COLDWELL BANKER COMMERCIAL MANAGEMENT DIVISION

From left to right:  Bruce Brophy, Executive Vice President; Bruce Pompe, Chief Operating Officer; Tom Stern, President and CEO; Gregory Nooney, Jr.,Executive Vice President; Edward Balk, Executive Vice President; and Burton Follman, Executive Managing Director.

ST. LOUIS, MISSOURI – Solon Gershman Inc. Commercial Real Estate has announced
that it has reached an agreement to acquire Coldwell Banker Commercial's Management
Division. The transaction closed on November 20. The companies have complimentary niches in
the commercial real estate market and will form the second largest commercial real estate firm in
the St. Louis area. The firm's executives have a total of 250 years of experience in real estate
sales, leasing, and management services. The combination will increase Gershman's property
management portfolio by 30%.

Gregory Nooney, Jr., Principal Managing Member and Bruce Brophy, Principal of Coldwell
Banker Commercial will be joining Solon Gershman Inc. Nooney has been a leader in the
commercial real estate industry for over 50 years. During his career, he has been involved in the
development and leasing of over 1.75 million square feet of office space for institutional
investors in the St. Louis area. Brophy was responsible for overseeing management operations at Coldwell Banker Commercial and has been in the commercial real estate industry for over 30
years.

"We are delighted to have the Coldwell Banker Commercial Management Division join our
company," said Tom Stern, President and CEO of Solon Gershman Inc. "Greg Nooney, Jr. and
Bruce Brophy are two of the most highly respected professionals in the commercial real estate
industry and have extensive experience in management, brokerage, and development in office,
retail and industrial properties. Together, we'll be able to better serve all kinds of clients in the
St. Louis and Midwest business community."

"The acquisition will allow our outstanding group of professionals to continue to serve clients.
Solon Gershman Inc. shares our standard for service and vision for the future. Our expanded
group is customer service oriented and supported by a strong technical infrastructure. Both of
our companies are St. Louis businesses with close ties to the community," stated Nooney.
Twenty members of Coldwell Banker's professional staff will move into Solon Gershman Inc.'s
offices in Clayton. The combined firm will have 42 licensed brokers, allowing the company to
offer clients a greater depth of service.

The senior management team includes Tom Stern, President and CEO; Burton Follman,
Executive Managing Director; Bruce Pompe, Chief Operating Officer; Edward Balk, Executive
Vice President; Gregory Nooney, Jr., Executive Vice President; and Bruce Brophy, Executive
Vice President.

The combined company's management portfolio will total over 7.5 million square feet of office,
retail, and industrial space, and will include over 150 commercial properties. The combined
value of commercial real estate is in excess of $650 million.

Solon Gershman Inc. is a full service real estate firm offering commercial brokerage services, asset and facilities management, investment acquisition/ disposition, corporate services, international consulting and brokerage, land acquisition and sales and development services.  Please visit our website at www.GershmanCommercial.com.