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FIRST COMMERCIAL REALTY WAIVES COMMISSION FEES FOR NON-PROFIT AND SOCIAL AGENCIES DISPLACED BY HURRICANE ANDREW

 FIRST COMMERCIAL REALTY WAIVES COMMISSION FEES
 FOR NON-PROFIT AND SOCIAL AGENCIES DISPLACED BY HURRICANE ANDREW
 Appeals to Landlords to Donate Space or Discount Rates
 MIAMI, Sept. 11 /PRNewswire/ -- First Commercial Realty has waived


its commission fees on all transactions involving non-profit and social agencies which lost their offices as a result of Hurricane Andrew.
 "We wanted to put our abilities as commercial real estate brokers to the best possible use for the relief effort," said Stephen DiGiacomo, president of First Commercial Realty. "It's important that the social network is restored as quickly as possible, so the agencies can be of service to the people who need the greatest help."
 For commercial real estate transactions, the broker commission is usually six percent of the total lease or sale value.
 Among the non-profit organizations which have already contacted First Commercial Realty are the United Way, which lost its South Dade office, and the Girl Scout Council of Tropical Florida, whose headquarters in South Dade were severely damaged by the hurricane.
 As part of its work, DiGiacomo is appealing to landlords to donate space or reduce their rates so more of the non-profits' funds can be directed to the relief effort.
 "In most cases, these organizations have very small space needs, and they are only seeking temporary shelter," DiGiacomo said. "The cost should really be minimal."
 For additional information, contact Michael Holmquist at First Commercial Realty, 305-590-1515.
 -0- 9/11/92
 /CONTACT: Jim Murphy of Bruce Rubin Associates, 305-448-7450, for First Commercial Realty/ CO: First Commercial Realty ST: Florida IN: SU:


AW-JJ -- FL012 -- 8464 09/11/92 12:11 EDT
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Publication:PR Newswire
Date:Sep 11, 1992
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