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Top Stories for the Week of November 6, 2006
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CB Richard Ellis Takes Trammell in $2B-Plus Merger
DALLAS-Not only will the combined company service most of the Fortune 100, its $4.4 billion in combined 2006 revenues makes it large enough to qualify for the 500.

Warburg Pincus Closes $1.2 B Fund
NEW YORK CITY-This is the company’s 12 fund. It will focus on a variety of real estate products in Europe, Asia and the United States.

GE Capital to Acquire Trustreet for $3B
ORLANDO-The REIT, with a triple-net platform that includes such names as Applebee’s, Burger King, Jack in the Box, Pizza Hut and Wendy’s, will become a GE Subsidiary when the deal closes in Q1.

Cape Town Waterfront Gets $1B
CAPE TOWN-The new owners of the V&A Waterfront in Cape Town are planning a showcase of the Football World Cup.

State Street Tower Sale Sets Record at $880M
BOSTON-American Financial will sell State Street Financial Center to an undisclosed buyer. The company purchased the property in 2004 for $705 million.

Consortium Details $6B New Town Centre
LONDON-The total development is expected to comprise 14 million sf in Cricklewood, North London.

TIAA Joins DDR’s Inland Buy
CLEVELAND-TIAA-CREF is entering a $3-billion venture with Developers Diversified to acquire interests in 67 of the 307 centers DDR gets from Inland.

MGM Mirage Selling Primm Properties for $400M
LAS VEGAS-Focused on its $7-billion CityCenter development here, the casino-resort operator agrees to sell its three properties in Primm, NV, 40 miles to the south.

Vornado To Pay $542M for 350 Park Ave.
NEW YORK CITY-The REIT plans to close on the deal this quarter. The class A office building is currently 100% leased.

Devils, City Redo Arena Deal
NEWARK-The 18,000-seat arena will likely cost more than the original $310 million price tag, but the administration of new Mayor Corey Booker has won some concessions from the NHL team.

$495M Mixed-Use Plan Begins to Take Shape
BOYNTON BEACH, FL-Hopes are for Seacrest Village to revitalize a section of the Heart of Boynton. When the project is completed, it will feature an estimated 1.5 million sf of new construction.

$200M Condo Tower Set To Rise
CHICAGO-The construction company will build Park Michigan, a 900,000-sf condomium/retail building at 830 S. Michigan Ave.; it is expected to be tallest tower south of Van Buren.

Booming Market Triggering Cautious Optimism
HOUSTON-Concerns about a repeat of the 1980s led to a restrained exuberance about today's booming commercial markets.

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Regional Coverage
Northeast     Print Full Region
Academy of Sciences Moves to 7 WTC
Kimco Wraps Up Pan Pacific
Valley Square Gets $106M Phase II Funding
Crystal City Office Tower Trades for $102M
Wells Buys 630,000-SF Tower
DA Leases 176,114SF in Widener Landmark
KPG Buys 900,000-SF Industrial Complex
Blue Cross/Blue Shield Expands Newport Office
JV Pays Rubenstein $75M for 10 Penn Center
Southwest     Print Full Region
Consultant Talks Under Way for 600-Acre Plan
Steve & Barry's Backing 104,315-SF Hand-Off
FelCor Plan Gathers $215M for $290M Buyout
Mississippi Group Wins Race for 776 Units
Dallas Delivers First for $200M Equity Fund
Intellicenter Lands 10-Year Inaugural Lease
Report Chides Sizeler; Upholds $324M Merger
Texas Firm Takes 105,295 SF for Relo Plan
Class A Retail Earns $38M Debt Repackaging
Midwest     Print Full Region
Venture Signs For Block 37 Office, Residential Rights
240-Acre Project Set for '09 Debut
Unilev Buys Wells Fargo Place
$72M Buys JW Marriott Denver
Venture Pays $62M for NorthPoint Center
Expert: Expect Landlord’s Market By 2008
West Coast     Print Full Region
AIG, M&M Offspring Plan $90M Mission Bay Project
Mani Bros. Buys 300,000-SF Luckman Plaza
AMB Fund Buys 2M-SF Portfolio
Archstone-Smith Steps up Bay-Area Focus
Port, Shorenstein Negotiate Pier Partnership
Equity Residential Acquires $65M Complex
Gateway Pointe Signs 300,000-SF Tenant
Southeast     Print Full Region
Lodgian to Shed 27 Hotels
Kendall Shopping Center To Get $70M Rehab
JV Partners Acquire 296-Unit Complex for $31M
Around The Globe     Print Full Region
Korean Gov't Identifies Site for New City
Government Excludes Existing Homes From REITs
Global REIT Market Tops $608B
UK Returns Fall Short of 20%
McDonald’s To Invest $22M in East India
Departments
Executive Watch: The Hottest Openings; Insightful Commentary
UpClose: Robert Behringer


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