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Volume 3 - Number 5 | March 1, 2005

TOP STORY: With Winn-Dixie in Bankruptcy, Real Estate Portfolio to be ‘Rationalized’ By Michelle Napoli It’s no secret that Winn-Dixie Stores Inc., like many of the nation’s traditional grocers, has been struggling in the face of increasing competition, particularly from Wal-Mart’s steady expansion into the grocery business. Now, Winn-Dixie has filed for Chapter 11 bankruptcy reorganization, and landlords are left wondering whether the locations they own may eventually go dark.

INSIDER: Cyburt Hall Partners’ Phil Cyburt By Michelle Napoli The current Cyburt Hall Partners is the evolution of a company started two years ago this month. While one of its original founders, Chris Ludeman, recently returned to CB Richard Ellis as president of its US brokerage operations, Cyburt Hall co-founders and principals Phil Cyburt and Brad Hall continue the Los Angeles-based investment firm’s business.

Update: iStar Plans $1.2B New Initiative Investment, More Branded Platforms in 2005 By Michelle Napoli Entering into what iStar Financial Inc. chairman and CEO Jay Sugarman terms the company’s “third phase” of growth, the firm plans to invest more than $1.2 billion in new initiatives this year. One of those initiatives is the AutoStar venture targeting the automotive retail real estate sector; the acquisition of Falcon Financial Investment Trust, announced earlier this year, will help accelerate iStar’s penetration of the sector, says Sugarman.