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Top Stories for the Week of November 27, 2006
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Blackstone To Take EOP Private in $36B Buyout
NEW YORK CITY-The nation's largest public landlord won't be when Blackstone takes it private. EOP's board has approved the merger and urges its shareholders to do the same. Expect a Q1 close.

$4.6B Lex/Newkirk Merger Gets Shareholder Approval
NEW YORK CITY-The merger, which got the thumbs-up from shareholders of both firms yesterday, is set to close by the end of the year.

Slough Weighs Sale of $1.9B US Arm
LONDON-Slough Estates is reviewing its euro 1.5-billion ($1.9-billion) US business with an eye to selling it. The American assets would not benefit from tax free status when the company converts to a REIT next year.

Boston Properties Sells Building for $1.3B
NEW YORK CITY-The Boston-based company sells 5 Times Square to AVR Realty Co. The company also sold 280 Park Ave. in June to Istithmar for $1.2 billion.

AMB President Resigns, CFO Retiring
SAN FRANCISCO-AMB president W. Blake Baird resigns over strategic differences while CFO Michael Coke says he plans to retire for personal reasons.

Kerkorian Looks to Up Stake in MGM Mirage
LAS VEGAS-Already the majority owner of the locally headquartered casino operator, Tracinda Corp. plans to make a tender offer for another 15 million shares at $55 apiece.

$1.5B Bonds To Finance Office, Subway Projects
NEW YORK CITY-The city will issue its first HYIC bonds to fund the extension of the No. 7 subway line. Office development in the area is expected to be fueled by the extension.

Atlanta Developer Plans 3,900-Acre Mixed Use
LOXLEY, AL-PEC Development pays $35 million for the dirt. Infrastructure work begins in fall 2007 for the residential and retail plan.

Developer Plans $800M Riverfront Community
NEWPORT, KY-Corporex plans to transform a former-public housing site into 1.1 million sf of office, 1,000 homes, 300,000 sf of retail and more.

Barclay’s Trades $412M Retail Portfolio
BEVELY HILLS, CA-The family-owned company sells the 16-property portfolio to Weingarten Realty Investors of Houston and BlackRock Realty of Florham Park, NJ.

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Regional Coverage
Northeast     Print Full Region
Moody’s Sells HQ for $170M
Blue Capital Fund Sells Trophy Asset for $128M
DiamondRock Adds Two Hotels for $238M
Bidder Ups Ante for Mills Corp. Recap
State Creates Four New Tax Abatement Zones
E-Trade Leases 107,000 SF
Brack Capital Pays $80M for Union Square Property
Lexington Continues to Acquire LSAC Shares
Dixon Mills Apt. Complex Sells for $79M
BioMed Realty Closes on Center for Life Science
Southwest     Print Full Region
Inland Beats 100 Bidders for Archon Retail Asset
HQ Tenant Claims 70,000 SF of $30M Project
$31M Blocks Marketing, Takes 134,953-SF Deal
FSN Southwest Renews 10-Year, Class A Pact
Dave & Buster's Closes Sale-Leaseback
Developer Breaks Into US With $30M Plan
Vintage Claims 57,000 SF for Portfolio
Midwest     Print Full Region
Two Suburban Retail Centers To Trade for $140M
Experts Debate Value of $36B EOP Buyout
$522M Loan Follows Citadel Center Sale
Howard & Mills Plans to Revive Westshore
Hotels Seek Two-Building Complex on Mag Mile
West Coast     Print Full Region
Marcus Hotels Buys Out Platinum Partner
Neighboring Hospitals Plan $1B Expansion
Lenders Boost Pinnacle Credit Facility to $1B
Restart Unknown Following Crane Crash
Hines Expands OC Portfolio by 260,000 SF
$66M Buys 165,000-SF Cornerstone Plaza
Donahue Schriber Redefines Exec Roles
Jamison Properties Grows With $30M Buy
Ameristar CEO Neilsen Passes Away
Southeast     Print Full Region
Mirabilis Buys Trump Tower Tampa
$90M Finances 28-Unit Condo Construction
Land Sale Sparks $85M Townhome Development
Dirt Moves on 625,000-SF Office Depot HQ
REIT Takes Student Housing Complex for $24M
Around The Globe     Print Full Region
Emaar Plans $500M Syrian Development
British Land Seeks $1.9B Refinancing
Two Scottish Office Assets Move for $178M
Departments
Executive Watch: The Hottest Openings; Insightful Commentary
UpClose: Doug Shorenstein


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