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	Top Stories for the Week of March 19, 2007	Print Full Issue
	Click Here For Regional Coverage Consortium Planning $3.5B Spirit Buy-Out SCOTTSDALE, AZ-A source close to Macquarie Bank says the management team stays in place. The buy-out of sale-leaseback owner Spirit Finance Corp. will be inked before Q3 ends. Blackstone Sells Majority Stake in Vitus Group for $2.1B FRANKFURT-Less than a week after purchasing the Tussaud Group for $1.9 billion, Blackstone agrees to sell most of its shares in the Vitus Group, a German multifamily firm. Vornado Buys 70% Interest in Two Towers PARAMUS, NJ-The REIT is paying just more than $1.8 billion for the controlling interest in New York City’s 1290 Ave. of the America’s and San Francisco’s Bank of America Center. Mixed-Use Site To Bring 2M SF to Market CARLSBAD, CA-The first piece of the project, Carlsbad Oaks North Business Park, is moving forward, as Kilroy acquires 24 acres for development. Crescent, Walton Ink $550M Agreement FORT WORTH-The Q2 closing date isn't penciled, but Walton puts up $11 million of earnest money for the 1,854-key portfolio of resorts and hotels. Apthrop Gets $528M Acquisition, Renovation Financing NEW YORK CITY-The 346,910-sf Upper West Side residential building will receive $95 million of upgrades and renovations. Construction to Begin on $400M Loyola Station CHICAGO-Construction is expected to begin this spring on the first phase of the mixed-use project, while the university seeks proposals for the second phase by April 27. JV Buys, Builds About $400M of Retail Space FARMINGTON HILLS, MI-Two Detroit-area companies are controlling a fund that is constructing and buying centers in Michigan, Kentucky and Texas. Bozzuto, NYSTRS Partner in $400M Multifamily Fund GREENBELT, MD-The two firms contribute $100 million in equity, and construction begins on the JV’s first venture. Centerra Unveils 1M SF of Mixed Uses LOVELAND, CO-McWhinney Enterprises unveils plans for one million sf of shopping, dining, entertainment, hospitality, office and medical space in a LEED-certified project. $310M Fund Fuels Noble’s $1B Acquisition Goal ATLANTA-Noble Investment Group plans to acquire and develop more than $1 billion in hotel property with a new $310-million fund. AFR Re-Trading Fireman’s Fund HQ for $310M NOVATO, CA-The sale to an undisclosed buyer comes less than two years after American Financial Realty Trust acquired it for $283.5 million. Penguins Sign 30-Year, $290M Arena Deal PITTSBURGH-After the team declared an impasse in negotiations, owners and government officials knuckled down to keep the Penguins here for at least 30 years. BCN Development Buys 315 Park Ave. NEW YORK CITY-The 330,000-sf building, which houses Credit Suisse First Boston, sells in an off-market transaction to the Denver-based firm. New Century Woes Could Affect Maguire LOS ANGELES-The financial troubles besetting Irvine-based subprime lender New Century Financial Corp. could leave the L.A.-based REIT with a chunk of empty office space. NAR Reports Office Vacancies On the Rise WASHINGTON, DC-Investors, however, continue to acquire partly vacant buildings for value add opportunities. Multifamily Market Adjusts to End of Condo Craze BOCA RATON, FL-The condo conversion craze may be over, but it may lead to strength in the multifamily market with the supply of rental units on the decline, says Kenneth Krasnow. Print Top Stories

Regional Coverage
Northeast     Print Full Region • Bozzuto Plans $180M Retail, Multifamily Pipeline • GMH Secures $160M Army Housing Contract • JER Snags Fairview Park Marriott for $109M • City Council Approves Casino Referendum • Tech Center Set to Start Second Building • Colliers Int’l May Have Eyes on FHO Partners • Real Estate Media Broadens Online Coverage	Southwest     Print Full Region • Two More Long-Time Office Owners Ready to Sell • Developer Flips Switch on 400-Acre Mixed-Use • JV Ponies Up Nearly $115M for CBD High Rise • Off-Market Deals Box 720,000 SF in Alliance • Work Under Way on 430,000-SF Outlet Project • Opus West Kicks Off 224,348-SF Spec Office
Midwest     Print Full Region • Red Development Finishes Up $258M Legends • Sterling Gets 598,000-SF Chase Tower in SLB • IBC Holdings Plans 500,000-SF Spec Site • JLL To Advise Adidas Groups on 265 Properties • Harbor Buys Burnham Center Tower for $79M • $70M Condo Towers to Open Soon in South Loop	West Coast     Print Full Region • Newmark Fits $120M Loan to 'Unique' Lease • $98M Helps Halekua Emerge From Bankruptcy • SKB Acquires $78M Center With Upside • Hard Rock Hotel Set for Major Expansion
Southeast     Print Full Region • $200M JV To Target Self-Storage Properties • $170M Buy Spurs Second Phase of Condo Conversion • 15-Building Office Portfolio Trades for $94M • FedEx Inks Lease for Entire Industrial Building	Around The Globe     Print Full Region • Euro REITs Unfazed by US Private Trend • Seven-Asset Japanese Portfolio Moves for $309M • DHL Leases 1M SF for Distribution Facility • Atmel Gets Serious About 750,000-SF Plant Sale • Investment Surge To Continue Through ’07
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