Auction at Cummings Park

Accelerated Marketing Partners Announces Real Estate Auction for
East Palo Alto’s First Mixed-Use Development

-June 29 Auction Offers 23 Residences at More Than Half Off Previous Asking Prices-

East Palo Alto, Calif. – (06/06/08) – Accelerated Marketing Partners (AMP) will conduct a real estate auction for Cummings Park, the first mixed-use development in East Palo Alto, Calif., on Sun., June 29. Minimum selling prices for the 23 one-bedroom-plus-loft and two-bedroom townhome residences available at auction will begin at $299,000, which is more than 50 percent below previous established prices.

“This is an exceptional, first-of-its-kind development at the gateway to Palo Alto,” said Ken Stevens, co-founder and west coast CEO of Accelerated Marketing Partners. “Cummings Park offers an incredible value proposition that shouldn’t be missed.”

The auction event will take place at 1:00 p.m. at the San Mateo Marriott, located at 1770 S. Amphlett Blvd., San Mateo, Calif. The Cummings Park auction information center is open daily from 11:00 a.m. to 7:00 p.m. at 1765 E. Bayshore Rd., Suite C, East Palo Alto, Calif. Advance registration for the auction is required.

Developed by Cummings Park Associates, LLC, Cummings Park is located in the Ravenswood Shopping Center. The 13 one-bedroom-plus-loft townhomes available at the auction range in size from approximately 935 sq. ft. to 950 sq. ft., for a minimum selling price from $299,000. The 10 two-bedroom townhomes range in size from approximately 1,155 sq. ft. to 1,262 sq. ft. and have minimum selling prices from $375,000. All residences in the community are available for immediate occupancy.

Each two-story residence offers expansive windows and hardwood floors in elegant living spaces, as well as designer carpeting on the second level and recessed lighting throughout. Gourmet kitchens boast European-style cabinets, granite countertops and backsplashes, and GE stainless steel appliances. Master suites offer marble-tile baths with cast-iron soaking tubs. Amenities at Cummings Park include high-speed Internet, digital security systems, GE stackable washers/dryers, and underground parking.

“We’ve teamed with Accelerated Marketing Partners to let buyers determine the price point for these spectacular and centrally located homes,” said John P. Hunter, managing member of Cummings Park Associates, LLC. “At Cummings Park, residents are minutes from some of the top area retailers and recreational activities.”

Located in the Ravenswood Shopping Center, which features shops such as IKEA, Home Depot and Best Buy, Cummings Park is situated halfway between San Francisco and San Jose. Residents will be minutes from U.S. Route 101 and steps from the Palo Alto Golf Course, Stanford University, and various recreational activities and entertainment venues.

For more information about the Cummings Park auction, please visit www.auctioncummingspark.com or call 866-443-6899.

For more information about Accelerated Marketing Partners, please visit www.acceleratedmp.com.

Accelerated Marketing Partners
Accelerated Marketing Partners, a full-service residential real estate firm with offices in Boston, 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. For more information, please visit www.acceleratedmp.com.