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Top Stories for the Week of November 20, 2006
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UPDATE: Green Could Lose Reckson to Icahn/Macklowe
NEW YORK CITY-Carl Icahn and Macklowe Properties are reportedly submitting a bid for Reckson above SL Green’s current offer. The new player comes after weeks of news on shareholders concerns about the value of the transaction.

UPDATE: TCC Sets Merger Vote, Gives Deal Details
DALLAS-TCC shareholders vote Dec. 18 on the $2.2-billion offer from CBRE. Talks have been on and off since April 2005.

Israel Group Looks to Buy Nearly $2B Marriott Hotels
JERUSALEM-Delek Belron and its partners are in talks to buy a company that owns 47 Marriott hotels in Britain.

Developers Shake on $1.9B Merger Deal
LONDON-Two of the UK’s specialty developers, Derwent Valley and London Merchant Securities, are planning to merge to create a euro 3.3-billion (US $4.3-billion) company.

RealShare EXCLUSIVE: OC Market Plays Waiting Game
IRVINE, CA-With roughly five million sf of new office product set to come on line over the next 24 months, industry insiders wait to see who will blink first.

Macquarie Sheds Development Firm for $1.2B
LONDON-Ranked among the UK’s largest real estate transactions this year, the sale of Akeler moves 1.8 million sf of property.

UPDATE: Advisors Give Thumbs Up to Lexington Merger
NEW YORK CITY-The company will hold a shareholders meeting later this month to vote on the proposed merger with Newkirk.

Cousins Properties Founder To Retire Dec. 7
ATLANTA-Forty-eight years after founding the company that bears his names, Thomas Cousins will retire. Current president and CEO Tom Bell will assume the role of chairman.

RealShare EXCLUSIVE: Stadium Shuffle Creates, Kills Opportunities
SAN FRANCISCO-Industry leaders will gather here at the end of the month to mull the defection of the Oakland A’s and the 49ers and other trends affecting the market.

Mohegan Sun Plans $740M Expansion
UNCASVILLE, CT-Construction is expected to begin next summer on an expansion initiative dubbed Project Horizon at the Mohegan Sun gaming resort. The project calls for a new 1,000-room House of Blues themed hotel and a 64,000-sf Casino of the Wind.

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Regional Coverage
Northeast     Print Full Region
SL Green Doubts Credibility of Icahn/Macklowe Bid
Parker Corporate Center Sells for $69M
Merrill Lynch Sizes Up Options
Stafford Place Building Trades for $197M
287,000-SF Lease Is Largest in Greater Boston
Mills Sets Date for Shareholder Meeting
Xerox Says it Will Sell HQ Property
Grubb Gets Aggressive in NY, TX
Reckson Set to Sell Six Buildings
Boston Gets One Sumbission To Build Tallest Tower
Shea Stadium Replacement Breaks Ground
Behringer Takes Three Parkway for $90M
Southwest     Print Full Region
Victory Park: $460M in Projects, More Retail
New York City JV Pays $144M for Ren Tower
Bascom Nails $122M to Refuel, Start Rehabs
$100M Buyout Offer Comes Amid REIT Shake-Up
$100M Aspen Place Breaking Ground in Q1 2007
Distributor Takes Dibs On 175,000-SF HQ Site
Miami Owner Sells Stake in 400,000-SF Office
672-Unit Repositioned Complex Brings $52M
WexTrust Collects 270,000 SF for Portfolio
Group Plans New $50M-Plus Commercial Zone
Grubb's Dallas Playbook: Grow Team, Revenues
Midwest     Print Full Region
REIT Closes on Westin O'Hare for $125M, May Expand
$115M Loan Closes on Block 37 Office Building
Best Buy Eyes Michigan Avenue Lease
Lauth Buys 55-Acre Brownsburg Site
Argus Buys Class A Complex for $38M
Developer Naming 124-Story Tower Team Today
Cole Buys FedEx Facilities in Sale-Leaseback
Atlantic Trust Extends Lease at 1 S. Wacker
AFC Arranges $35M in Financing for Hotels
West Coast     Print Full Region
City Signs Off on 900-Room Hotel-Casino
Eddie Bauer In $614M Buyout
AGI, TMG Form $400M JV With CalPERS
SF Withdraws 2016 Olympics Bid
Westcore Buys Colorado Portfolio for $194M
JV Acquires 523,000-SF Northwest Retail Portfolio
Sony Relocating Within San Jose
Mack-Cali Sells Interest in Convention Plaza
Beacon Capital Buys 311,000-SF Complex
$48M Refinances 93,000-SF Retail Center
Southeast     Print Full Region
Firm’s $250M Fund Targets $1B in Buys
$280M Loan Finances Condo-Hotel Project
8,212 Acres Set for Residential Redevelopment
Details Emerge for $200M Redevelopment Project
JV Pencils Spring Start for $170M Mixed-Use Plan
Team Unveils Subsequent Phases to $150M Project
Dirt Moves for $150M Condo Project
NC Center Becomes Latest DLC Acquisition
Orix Enters Research Triangle With $34M Buy
403-Unit Apartment Complex Trades for $29M
Owner Readies $20M Redo of 168,000-SF Center
Around The Globe     Print Full Region
Investment Fund Eyes Canada With $679M War Chest
Parkview Secures Consent for 5M-SF Project
Istithmar Snaps Up Adelphi for $567M
Futureal Bids for Massive Gov’t District
Foreign Investment in Shanghai Soars to $2.4B
Departments
Executive Watch: The Hottest Openings; Insightful Commentary
UpClose: Opus East's Jim Lee
ViewPoints: Mergers and Abdication


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