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Top Stories for the Week of October 9, 2006
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UPDATE: Trizec Dissolves With $9B Merger Complete
CHICAGO-Brookfield Properties Corp. and the Blackstone Group complete the $9-billion acquisition of Trizec Properties Inc. and Trizec Canada Inc.

Harrah’s Receives $15B LBO Offer
LAS VEGAS-The casino operator receives a proposal from Apollo Management and Texas Pacific Group to acquire all of the company’s outstanding common stock for $81 per share in cash; Harrah’s share price up 16%.

London Rivals Enter Into Nearly $4B Merger Talks
LONDON-Two of central London’s largest specialty property companies are talking about creating a euro 2.8-billion ($3.6-billion) operation, with an eye toward becoming a REIT.

Fund Buys Seven Canadian Hotels for $1B-Plus
TORONTO-Fairmont Hotels, which was bought in January for C$3.7 billion ($3.3 billion) sells seven Canadian hotels for about C$1.5 billion ($1.33 billion).

RealShare EXCLUSIVE: DEP Reform Could Be Under Way In New Jersey
TEANECK, NJ-The DEP commissioner tells yesterday's RealShare New Jersey audience that remediation reform is shaping up, although any of it making it through the legislature is another story.

New Chief, More Starts Coming for $1B Project
ORANGE BEACH, AL-Beason Wilkes takes over a project he helped to plan. The Wharf will have 1.1 million sf of retail, 1,500 condos and five hotels.

Douglas Emmett Prices Shares in $1B IPO
SANTA MONICA, CA-The owner of nearly 12 million sf of office space and 3,000 apartment units says that it will price shares of its previously announced IPO at $19 to $21.

Federated Completes $1B Sale of Lord & Taylor
CINCINNATI-NRDC Equity Partners of Purchase, NY buys the retail division for $1.08 billion, or approximately $840 million after tax.

UPDATE: Mills Finalizes $988M Ivanhoe Cambridge Deal
CHEVY CHASE, MD-The transaction centers on three foreign-based assets, Canada’s Vaughan Mills, Scotland’s St. Enoch Centre and Madrid Xanadu.

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Regional Coverage
Northeast     Print Full Region
$3B Merger Set to Close
Realogy Buys Oncor International
Jones Day Takes 150,000 SF in $168M Project
127-Acre Marlborough Campus Sells for $135M
$100M Lands Spanish JV On US Soil
Silverstein, CalStrs Close on $400M Purchase of 575 Lex
Industry Hopeful Insurance Solution Coming
Work Starts for $500M MXD Project
BlackRock Realty Acquires 1015 15th St.
$77M-Plus Loan Funds 601,901-SF Storage Deal
One Penn Center Obtains $71M Refi
Southwest     Print Full Region
Hines JV Unveils 300,000-SF Office Project
JV Planting $500M Into Industrial Properties
TCC Will Oversee 3M-SF Plus in MetLife Trio
Sizeler Exit Not Likely to Impact $324M Vote
Bascom JV's Whirlwind Deals Spin Out $142M
Christus Takes 109,576 SF, Gets Dibs on More
Sublease Tenant Goes Direct With 200,000 SF
Financing Clears Way for $130M Development
$83M Buys Phoenix Inroad, Houston One-Off
Financial Network OK's $65M Lease for B-T-S
Chase Merritt JV Inks $47M, 281,885-SF Deal
Midwest     Print Full Region
Trizec Outlines $2B Asset Sale to Blackstone
First Industrial Predicts $800M Pipeline
Strategic Pays $82M for Portion of Tower
BPG Buys 577,818-SF Office Complex for $75M
JV Buys 169,329-SF Medical Office Portfolio
Duke Starts 140,000 SF of Spec Office Space
Housing Slump Puts Mild Dent in Office Sector
West Coast     Print Full Region
Starbucks Ups Growth Plans
Boyd, Harrah’s To Swap Strip Property
Hines Buys LNR Warner Center for $311M
Apt Market Stable, but Threats Loom
Liquidating REIT Plans $171M Payout
CBRE Realty Finance IPO Raises $160M
Blue Shield Renews, Expands at 50 Beale St.
Rockefeller Buys 27-Acre Seagate Site
AFRT Sells Vacant Office Complex
Cohen Acquires 69,000-SF Isuzu Building
Southeast     Print Full Region
City Gives Nod to $1B Arts, Sports Projects
Tishman Speyer Buys 3M-Plus-SF Portfolio for $650M
Kia Set to Break Ground on First US Plant
Cherokee County Braces for $500M in Development
$250M in Buys Locks in EOP's South Florida Push
Innkeepers Completes $215M Hotel Deal
Investor Acquires 42 Acres, Three Office Buildings
230,000-SF Flex Property Sale Nears $26M
150,000-SF Office Building Trades for $23M
Around The Globe     Print Full Region
Emaar To Raise $1B Via Syndication
Qatari Diar Signs Up for 1M-SF Sudanese Project
Hong Kong Gov’t. Shortlists Four for $667M Project
Trump Ventures Into Mexico
Brookfield Picks Up Chase Portfolio for $450M
Departments
Executive Watch: The Hottest Openings; Insightful Commentary
UpClose: Younan's Zaya Younan
ViewPoints: An Introductory Course in Student Housing Investment


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