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Top Stories for the Week of December 4, 2006
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Starrett City To Follow In Stuy Town’s Footprints
BROOKLYN, NY-The affordable housing complex, containing almost 6,000 residential units in 46 buildings, could sell for more than $1 billion.

Trump Submits Plans for $1.9B Golf Resort
EDINBURGH-Work on the five-year project should start next year, if environmental groups don’t shut it down first.

Bill for London Games Soars by $1.7B
LONDON-Construction inflation already has had its evil way with the cost of building London’s Olympic Stadium. And the escalation isn’t done yet.

Vornado Buying Manhattan Mall
NEW YORK CITY-The Paramus, NJ-based REIT is buying the one-million-sf mixed-use center from Argent Ventures for $689 million.

Normandy Buys Glenborough Assets for $538M
MORRISTOWN, NJ-The buy, made in conjunction with Glenborough’s acquisition by Morgan Stanley Real Estate this year, involves 13 properties totaling 2.4 million sf and two development sites.

Chicago Developer Moves Closer to Record Build
MESA, AZ-In its quest to build the tallest residential tower in the city, a Chicago developer makes a close to five-acre land grab with plans for a 540-unit high rise.

JV Starts On $225M Cabrini Green Replacement
CHICAGO-Parkside of Old Town will have 760 multifamily residences on an 18-acre parcel on the Near North Side.

Mack-Cali Alters Reckson Equation
EDISON, NJ-With the New Jersey REIT now involved in the counter-offer for Reckson, initial suitor SL Green has drawn a line in the sand regarding the price.

ProLogis Purchases Seven Properties for $83M
CHICAGO-Rollex Corp. sells four of its industrial buildings in Elk Grove Village, and ML Realty Partners sells three centers in Bolingbrook, for a total of more than 1.5 million sf.

Colony Capital Gets Mack-Cali's Xanadu Share
E. RUTHERFORD, NJ-For $25 million, Colony Capital picks up the retail/entertainment segment of the Meadowlands mixed-use mammoth.

Mills Rejects Gazit Proposal
CHEVY CHASE, MD-Mills board says that Gazit-Globe must enter a standstill agreement before it considers a $25.50-per-share recapitalization deal.

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Regional Coverage
Northeast     Print Full Region
3M-SF Mixed Use Project Planned for NH
Convention Site To Undergo $650M Rehab
$135M Funding Clears Path for 43-Story Build
Increased Office Development Is On the Horizon
Developers Find Luxury Condo Market Still Sells
Reckson Pencils New Shareholders Meeting, Again
Growth Slows, Says NAR Q3 Index
Southwest     Print Full Region
1M-SF Plus Thanksgiving Tower Coming to Market
Champion JV, Post Craft $250M Mixed-Use Plan
Aztar-Columbia Merger To Close in January
TIAA-CREF Pays $51M for Trophy Retail Center
Colorado Investor Sells 330 Units for $40M
Midwest     Print Full Region
MOA Names Tenants, Outlines $1B Expansion
Fifield Sells USG for $178M, Plans $350M Site
JV Developing $300M Condo in Lincoln Park
JV Breaks Ground on $250M Mixed-Use Project
$190M Mixed-Use Project Rises in Madison
Oxford Lodging Buying 2nd, 3rd Downtown Hotel
Volkswagen Sells, Leases Back 1M SF From REIT
Dollar General Closing 400 Units
West Coast     Print Full Region
Panattoni Starts $900M Mixed-Use Center
CBRE Investors Buys 1M SF of Industrial
Site Work Begins for 2201 Westlake
NNN Realty Private Offering Raises $160M
Candlestick Point Plans Come to Light
$86M Buys Silicon Valley Power Center
$69M Deal Completes AmeriVest Liquidation
Southeast     Print Full Region
$160M Mixed-Use Project Set to Rise
Dirt To Move for $104M Sage Resort
CBD Hub Faces $100M Makeover
JV Acquires 716,106-SF Office Park
Around The Globe     Print Full Region
Invista To Launch $919M European Trust
Aussie Firm Snaps Up $876M Portfolio
Emaar Links With Accor for $300M India Venture
Hilton Creates Buy/Build JV in India
Departments
Executive Watch: The Hottest Openings; Insightful Commentary
UpClose: JER's Cia Buckley


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