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Top Stories for the Week of December 26, 2006
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Harrah's Takes Apollo/TPG $27.8B All-in Bid
LAS VEGAS-The offer includes some $10.7 billion in debt. The deal is expected to close in about a year.

TCC Shareholders Approve $2.2B CBRE Merger
DALLAS-Trammell Crow shareholders approve the firm's buyout by Los Angeles powerhouse CB Richard Ellis. 'No surprises' for Sulentic, who becomes CBRE group president.

IFIL Buys Majority Stake in Cushman & Wakefield
NEW YORK CITY-The holding company run by the Agnelli family takes a 67.5% stake in the service firm with its cash investment of $563 million. The deal values C&W at $975 million.

PACB Agrees on Atlantic Yards Project
BROOKLYN, NY-After much public debate, the PACB agrees to Forest City Ratner’s plan for the $4-billion Atlantic Yards project.

Developer Unveils $3.6B Project Concept
PHILADELPHIA-A locally based JV acquires 8.5 acres along the Schuylkill for Philadelphia River City, a 12-million-sf residential, office and retail complex.

Westfield Sells Half of Merry Hill for $1B-Plus
BIRMINGHAM, UK-At 1.61 million sf, Merry Hill is one of the largest shopping centers in the UK. Queensland Investment Corp. is the buyer.

Foxwoods and SugarHouse Hit Slots Jackpot
HARRISBURG, PA-The gaming board defies Mayor Street’s favorite, dumps Trump and puts both Philadelphia slots parlors on the Delaware River.

New Rochelle Picks Forest City for $500M Project
NEW ROCHELLE, NY-Forest City Residential Group has been designated the developer for a planned $500 million redevelopment of the Echo Bay section of the city.

Contrite GMH Vows to ‘Right the Ship’
NEWTOWN SQUARE, PA-With no firm offers to buy the specialty REIT or its separate divisions, Gary Holloway, CEO, urges shareholders to 'stick with us,' following a 'tough year'.

Shareholder: Sell or Liquidate Feldman Malls
GREAT NECK, NY-Mercury Real Estate Advisors says Feldman Mall Properties could hike value in the private market, despite the REIT entering the public market two years ago.

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Regional Coverage
Northeast     Print Full Region
K Street Investment Building Trades for $290M
Theater District Gets $200M Hotel, Residential Tower
Midtown's 1412 Broadway Sells for $178M
Southwest DC Office Sells for $170M
Hersha Pushes West With $169M Portfolio Buy
ExxonMobil Sells 493-Acre Site
Cytyc Corp. Takes 146,000 SF at Ram Redevelopment
Southwest     Print Full Region
CBRE, TCC Complete Merger
Felcor Grosses $530M on Sale of 34 Hotels
Bank One Center Buyer Lands $200M Acquisition Loan
Broder Bros. Signs 358,000 SF Industrial Lease
Midwest     Print Full Region
JV Deep into $1B Water Resort Initiative
$363M Palmer House Refi Spurs Rehab
Laramar Launches $350M Multifamily Fund
Duke Refis 27-Property Portfolio With $319M
Sterling Buying 3 Chicago Buildings for $177M
Jeld-Wen Leases 200,000 SF in ProLogis Park
West Coast     Print Full Region
Colorado Ski Resort Under Contract for $265M
CORE Realty Closes $188M TIC Deal
Arden Buys $162M Portfolio From DRA
$100M Takes Sunset Millennium Project
CBRE Acquisition Expands Valuation Group
Southeast     Print Full Region
American Ventures Plans Up to $1B in 2007 Acquisitions
BNP Vote Moves $766M Bid Forward
$370M Loan Moves 419-Unit Condo Hotel
Pelloni Eyes Spring Start for $350M Mills Park
Behringer Harvard Closes $110M Office Buy
GE Fund Takes 580,000-SF Office Building
Around The Globe     Print Full Region
China Opportunity Fund Takes in $350M
$287M Buys 1M-SF Office Park
Asian Retail Fund Attracts $243M
Office Portfolio Sells for $161M
Korean Firm Launches $109M Project
JV Acquires Mixed Belgian Portfolio
Departments
Executive Watch: The Hottest Openings; Insightful Commentary
UpClose: TMG's Michael Covarrubias


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